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Universal Ibogaine Provides Bi-weekly Default Status Report on 2025 Year-end Filings and Update on Restructuring Process
Thenewswire· 2025-12-19 03:00
Core Viewpoint - Universal Ibogaine Inc. is currently under a Management Cease Trade Order (MCTO) due to delays in filing its annual audited financial statements and is providing bi-weekly default status reports as required by regulatory authorities [1][3][5]. Financial Reporting - The company announced a delay in filing its annual audited financial statements for the year ended July 31, 2025, which were due by November 28, 2025 [2]. - A management cease trade order was granted by the Alberta Securities Commission on December 4, 2025, necessitating ongoing bi-weekly default status reports [3]. Audit and Restructuring - The company plans to complete the audit of its consolidated financial statements and file the required documents once the audit is finalized, which may depend on the outcome of its current restructuring process [4]. - There have been no material changes in the restructuring process since the last update, and the company continues to comply with alternative information guidelines [6]. Operational Updates - The Kelburn Recovery Centre, an addiction treatment operation, has been temporarily closed, and the company is exploring various financing options, including the potential sale of the Kelburn property [7]. - A Letter of Intent (LOI) for the planned sale is in progress, with further details to be disclosed once finalized [7]. Future Plans - Following the potential sale, the company intends to focus on its medical research business, specifically the effort to have ibogaine approved for use under its Clinical Trial Application to be submitted to Health Canada [11].
Cascade Copper Closes First Tranche of Oversubscribed Private Placement
Thenewswire· 2025-12-19 01:15
Core Viewpoint - Cascade Copper Corp. has successfully closed the first tranche of a non-brokered private placement, raising a total of $600,000 (CDN) and plans to conduct a second tranche due to high demand [1]. Group 1: Offering Details - The first tranche included the issuance of 7,800,000 Critical Minerals Flow-Through units at $0.04 each and 8,000,002 Non-Flow-Through Units at $0.036 each, with each unit consisting of one common share and one-half common share purchase warrant [2]. - Each full warrant is exercisable into a common share at a price of $0.05 for a period of 36 months from the closing date of the final tranche [2]. - The offering is subject to regulatory approvals, including acceptance from the Canadian Securities Exchange, and all securities will have a four-month hold period from the closing date [3][6]. Group 2: Use of Proceeds - Proceeds from the sale of Flow-Through Shares will primarily fund eligible Critical Mineral Canadian Exploration Expenses and exploration programs in Ontario and British Columbia [5]. - Proceeds from Non-Flow-Through shares will be allocated for the general working capital of the company [5]. Group 3: Insider Participation - The offering included participation from insiders, which is classified as a related party transaction under Multilateral Instrument 61-101, with the company relying on exemptions from valuation requirements and minority approval [4]. Group 4: Company Overview - Cascade Copper is an exploration stage natural resource company focused on evaluating, acquiring, and exploring copper-based mineral resource properties, particularly in British Columbia and Ontario [8]. - The company is utilizing modern technology for exploration, including 3D inversion modeling and AI-enhanced predictive modeling, and has plans for drilling on several copper projects this year [8].
Total Metals Corp. announces Closing of 2nd and Final Tranches of Flow-Through and Hard Dollar Financings
Thenewswire· 2025-12-19 00:15
Core Viewpoint - Total Metals Corp. has successfully closed the second and final tranche of its non-brokered private placement financing, raising a total of C$293,450.35 from the FT Offering and C$522,999 from the Hard Dollar Offering, contributing to significant overall proceeds for the company [1][7]. Financing Details - The FT Offering included the issuance of 40,000 CMFT Units at a price of C$1.15 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [2]. - The Hard Dollar Offering involved the issuance of 581,110 units at a price of C$0.90 per unit, with each unit consisting of one common share and one common share purchase warrant [3]. - Total proceeds from the first tranche of the FT Offering amounted to C$5,509,904.35, while the first tranche of the Hard Dollar Offering raised C$3,236,499 [1]. Use of Proceeds - The gross proceeds from the FT Offering will be allocated to eligible "flow-through critical mineral mining expenditures," while the Hard Dollar Offering proceeds will be used for working capital and general corporate purposes [6][7]. Finder's Fees - In connection with the FT Offering, the company paid cash finder's fees totaling C$13,587.02 and issued 12,940 non-transferable finder warrants [4]. - For the Hard Dollar Offering, the company paid cash finder's fees of C$5,240 and issued 5,822 non-transferable finder warrants [5]. Project Focus - Total Metals Corp. is focused on its wholly owned Electrolode Project, which covers over 3,300 hectares in northwestern Ontario, targeting critical minerals and gold resources [8]. - The Electrolode Project is strategically located near major mines and is fully permitted for exploration drilling, with significant expansion potential [8].
GSP Resource Corp. Closes Private Placement of Flow-Through Shares
Thenewswire· 2025-12-18 21:05
Core Viewpoint - GSP Resource Corp. has successfully closed a non-brokered private placement, raising $240,000 through the issuance of 2,000,000 flow-through shares at a price of $0.12 per share, aimed at funding exploration activities on its mining properties [1][2]. Group 1: Private Placement Details - The private placement consists of 2,000,000 flow-through shares priced at $0.12 each, resulting in total gross proceeds of $240,000 [1]. - Proceeds will be allocated towards exploration work on the Alwin Mine and Mer Properties, with expenses eligible for the Critical Mineral Exploration Tax Credit [2]. - The company will renounce the proceeds to subscribers by December 31, 2025, ensuring that the total amount of gross proceeds raised is not less than the expenses incurred [2]. Group 2: Compensation and Insider Participation - The company paid a total cash compensation of $5,116.80 and issued 42,640 non-transferable broker warrants to eligible brokers as part of the private placement [3]. - Two insiders, including the CEO and a director, subscribed for 250,000 flow-through shares for a total of $30,000, classifying the transaction as a related party transaction [4]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the transaction's size relative to its market capitalization [4]. Group 3: Regulatory and Hold Period - All flow-through shares and common shares from the exercise of broker warrants are subject to a statutory hold period of four months and one day following the closing date of the private placement [5]. - The company is a mineral exploration and development firm focused on projects in Southwestern British Columbia, owning 100% interest in the Alwin Mine and Mer Properties [6].
Pinnacle Closes First Tranche of Private Placement
Thenewswire· 2025-12-18 19:35
VANCOUVER, BRITISH COLUMBIA, December 18, 2025 – TheNewswire - (TSXV: PINN, OTC: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") is pleased to announce that it has closed a first tranche of the non-brokered private placement announced on November 25, 2025 (the “Offering”) for gross proceeds of $1,067,532.94.  The first tranche consisted of 7,268,171 units (the "Units") with each Unit, priced at $0.14, comprising one common share (“Share”) in the capital of the Company ...
Cadillac Ventures Inc. Enters into Op on Agreement for the Burnt Hill Tungsten Project in New Brunswick
Thenewswire· 2025-12-18 19:35
Core Insights - Cadillac Ventures Inc. has sold an initial 29.58% interest in the Burnt Hill Tungsten Project to Nexcel Metals Corp. for a total consideration of $170,000 in cash and $330,000 in common shares, resulting in the issuance of 355,775 shares at a deemed price of $0.78 per share [1][2]. Group 1: Transaction Details - The Optionee can earn an additional 28.42% interest in the Property, bringing the total potential interest to 58%, by paying $250,000 in cash and issuing $600,000 in common shares to Cadillac [2]. - A joint venture will be established among Cadillac, the Optionee, and the Minority Owner once the Optionee earns at least a 51% interest in the Property [2]. Group 2: Share Issuance and Restrictions - The 355,775 common shares issued to Cadillac are subject to a hold period that expires on April 9, 2026, with additional voluntary resale restrictions on 15% of the shares until specified dates in 2026, 2027, and 2028 [3]. - 10% of the common shares issued will not be restricted but are subject to the statutory hold period [3]. Group 3: Regulatory Approval - The agreement is contingent upon approval from the TSX Venture Exchange [4].
Scandium Canada presents its annual review
Thenewswire· 2025-12-18 19:00
Core Insights - Scandium Canada Ltd. has experienced a pivotal year, marked by significant technical, industrial, strategic, and social advancements, solidifying its position in the scandium and aluminum-scandium alloy market [1][2] Strategic Advances - Major technical milestones were achieved at the Crater Lake project, including the publication of a new mineral resource estimate confirming the deposit's size and potential, which remains open in all directions [5] - A successful completion of a 500 kg metallurgical pilot test was conducted, representing a key advance in process validation and technical risk reduction [5] - The establishment of the Scandium+ division focuses on the commercialization of exclusive and patent-pending aluminum-scandium alloys [3][4] Community Engagement - Scandium Canada presented the Crater Lake project to the Naskapi community of Kawawachikamach, fostering dialogue and understanding regarding community priorities and expectations [7] - Following discussions, the Naskapi Nation made a strategic investment in Scandium Canada, indicating a shared vision for the responsible development of the Crater Lake project [8] International Outreach - The company enhanced its international visibility by participating in Quebec's economic mission to Asia, promoting Quebec scandium and exploring new commercial partnerships [6]
Critical Infrastructure Technologies Ltd. and Babcock International Group Execute an Increased Scope Memorandum of Understanding (MOU)
Thenewswire· 2025-12-18 15:00
Core Insights - Critical Infrastructure Technologies Ltd. (CiTech) has expanded its collaboration with Babcock International Group to co-develop a platform integrating 5G communications and ISR capabilities for European and Southeast Asian markets [1][2] - The original MOU focused on supplying 50 Nexus 20 platforms to the Ukrainian Ministry of Defence, but the new agreement broadens the scope to include all of Europe and Southeast Asia [2] - The first Nexus 20 platform is expected to arrive in the EU in April 2026 for regional demonstrations, indicating a strong outlook for 2026 [3] Company Overview - CiTech specializes in autonomous, high-capacity mobile communications platforms, targeting sectors such as mining, defense, border security, and emergency services [5] - The company's first product, the Nexus 16, aims to provide critical mobile telecommunications using patented self-deploying technology [5] - CiTech has completed its research and development phase and is currently in the commercialization stage for its products [5] Partner Overview - Babcock International Group is a FTSE 100 defense company operating in multiple regions, including the UK, Australasia, Canada, France, and South Africa [3] - The company focuses on delivering complex support and product solutions to enhance defense capabilities and critical assets [3]
Ventripoint Diagnostics Announces Collaboration with Summit Sciences
Thenewswire· 2025-12-18 13:10
Core Insights - Ventripoint Diagnostics Ltd. has engaged Dana Friesen and Summit Sciences to develop advanced financial and ROI models aimed at enhancing the economic evaluation of its VMS+ technology for cardiac diagnostics [1][2][3] Group 1: Strategic Partnership - The collaboration focuses on refining financial modeling frameworks that emphasize cost savings, operational efficiencies, and clinical outcomes associated with Ventripoint's AI-driven 3D heart modeling system [2] - This partnership aims to provide tailored insights for healthcare providers, demonstrating clear ROI through improved processes and resource allocation [2][3] Group 2: Leadership and Expertise - Hugh MacNaught, President & CEO of Ventripoint, expressed enthusiasm about the partnership, highlighting the combined expertise of Dana Friesen in healthcare transformation and Summit Sciences' data-driven consulting [3] - Dana Friesen, CEO of Summit Sciences, noted the importance of real-world data in accelerating the commercialization of VMS+ and expanding access to advanced cardiac imaging [3] Group 3: Technology Overview - Ventripoint's VMS+ platform utilizes AI to create accurate 3D models of the heart from standard 2D ultrasound images, providing a faster and more affordable alternative to traditional MRI scans [4] - The VMS products are based on proprietary Knowledge Based Reconstruction technology, offering accurate volumetric cardiac measurements equivalent to MRI [5] Group 4: Summit Sciences Background - Summit Sciences has a two-decade history of working with clinical agencies, delivering billions in lifetime partner savings through critical data for informed decision-making in technology adoption [6] - The firm employs advanced research methodologies to provide actionable insights that enhance patient care while optimizing resource utilization [6][7]
Carrier Connect Data Solutions Announces Customer Expansion at PureColo Subsidiary
Thenewswire· 2025-12-18 13:00
Core Insights - Carrier Connect Data Solutions Inc. has announced a significant expansion commitment from a leading co-location customer, which will add 90 Kilowatts starting February 2026, with final deployments expected by May 2026 [1][2] - The expansion represents a 58% increase in current billables, translating to an additional CAD $28,000 per month in revenue for the company [2] - The CEO of Carrier Connect expressed satisfaction with the rapid revenue growth following the acquisition of PureColo, highlighting the focus on profitable growth through customer expansion and new client acquisition [3] Company Overview - Carrier Connect Data Solutions Inc. aims to roll up Tier II/III data centers globally, specializing in co-location and data center solutions for AI companies, service providers, enterprises, and small businesses [4] - The company operates as a carrier-neutral organization, with its systems fully independent and owned within its leased space [4] - Current principal markets include Vancouver and Ottawa in Canada, and Perth in Australia, serving clients who utilize its facilities as primary or ancillary data centers [4]