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Armory Mining Announces Closing of Flow-Through Financing
Thenewswire· 2025-12-19 21:05
Core Viewpoint - Armory Mining Corp. has successfully closed a non-brokered private placement offering, raising gross proceeds of $666,655.01 through the issuance of 9,523,643 flow-through units at a price of $0.07 per unit [1]. Group 1: Offering Details - Each flow-through unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one additional common share at $0.09 until December 19, 2028 [2]. - The proceeds from the offering will be allocated to Canadian exploration expenses at the Ammo project in Nova Scotia [3]. - The company paid finder's fees totaling $53,122.40 and issued 758,891 finder's warrants, with exercise prices of $0.07 and $0.09 per share, valid until December 19, 2028 [4]. Group 2: Securities and Compliance - All securities issued under the offering are subject to a four-month hold period, expiring on April 20, 2026, in accordance with Canadian securities laws [5]. - Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security, and defense sectors, controlling a 100% interest in the Ammo project and an 80% interest in the Candela II lithium brine project in Argentina [6].
Lucky Announces $1,080,000 Non-Brokered Private Placement Of Flow-Through Units & Non-Flow-Through Units And Corporate Update
Thenewswire· 2025-12-19 20:25
Core Viewpoint - Lucky Minerals Inc. has announced a non-brokered private placement of flow-through and non-flow-through units, aiming to raise gross proceeds of $1,080,000 to fund exploration activities and general working capital [1][6]. Group 1: Private Placement Details - The private placement will consist of 2,000,000 flow-through units at a price of $0.10 each and 8,800,000 non-flow-through units at the same price, totaling $1,080,000 in gross proceeds [2]. - Each flow-through unit includes one common share and one common share purchase warrant, with the warrant exercisable for an additional common share at an exercise price of $0.15 for five years [3]. - Non-flow-through units will also consist of one common share and one full warrant, with the same exercise price and duration as the flow-through units [4]. Group 2: Use of Proceeds and Conditions - The net proceeds from the private placement will be allocated to the exploration of the Prudhomme property in Northern Quebec and for general working capital [6]. - The private placement is expected to close in one or more tranches, subject to regulatory approvals, including those from the TSX Venture Exchange [6]. Group 3: Regulatory and Compliance Information - The company is currently under a failure-to-file cease trade order (FFCTO) but received a partial revocation order to allow marketing of the private placement [7]. - A significant portion of the funds raised will be held in escrow until conditions related to the lifting of the FFCTO and exchange approval are met, with only 15% of the funds available prior to full revocation [9]. - All securities issued will be subject to a four-month hold period from the date of issuance in accordance with applicable securities legislation [8]. Group 4: Prudhomme Property Agreement - The company has amended agreements regarding the Prudhomme property, extending the Outside Date to October 31, 2025, and confirming the transfer of mineral claims to Patricia Lafontaine [10].
Lucky Announces Effective Date Of Share Consolidation Of Common Shares
Thenewswire· 2025-12-19 20:25
Core Viewpoint - Lucky Minerals Inc. will undergo a share consolidation effective October 2, 2025, converting ten pre-consolidation shares into one post-consolidation share, reducing the total from approximately 202.25 million to about 20.23 million shares [1][2]. Group 1: Share Consolidation Details - The share consolidation will not result in the issuance of fractional shares [1]. - The company's name and stock symbol will remain unchanged post-consolidation, with a new CUSIP number of 549546505 and a new ISIN of CA5495465059 for the post-consolidation shares [2]. Group 2: Trading Resumption - The TSX Venture Exchange will issue a bulletin on September 30, 2025, confirming the effective date of the share consolidation [3]. - Following the revocation of a cease trade order by the British Columbia Securities Commission, the company plans to apply for reinstatement of its shares for trading on a post-consolidation basis [3]. Group 3: Company Overview - Lucky Minerals Inc. is focused on exploration and development of large-scale mineral systems in proven districts, aiming to host world-class deposits [5].
Grafton Resources Enters into Definitive Option Agreement to Acquire 100% of the Alicahue Copper-Gold Project in Chile
Thenewswire· 2025-12-19 14:15
Core Viewpoint - Grafton Resources has entered into a definitive option agreement to acquire a 100% interest in the Alicahue Copper-Gold Project in Chile, marking a strategic move to build a high-value portfolio in a favorable mining jurisdiction [1][2]. Agreement Details - The option agreement grants Grafton Resources an exclusive option to acquire the Alicahue project, which spans 3,500 hectares at an average altitude of 1,700 meters, located 140 km from Santiago and 67 km from the coast [1]. - The agreement includes a structured payment plan over five years, with cash and share considerations totaling US$1,000 at signing, US$74,000 and US$75,000 at the first and second anniversaries, respectively [4][5]. - Grafton is required to incur US$4,000,000 in exploration expenditures over the first four years, with a minimum of US$500,000 per year [5]. Financial Obligations - Upon successful completion of exploration commitments, Grafton can exercise the option by making a payment of US$3,000,000 [5]. - The vendor will retain a 2.0% net smelter returns (NSR) royalty, with Grafton having the option to repurchase half of the NSR for US$5,000,000 [5]. Exploration Potential - The Alicahue project is situated in a metallogenic belt known for large porphyry deposits, indicating significant exploration potential for copper and gold [2]. - Ongoing mapping and sampling will be complemented by an airborne MMT geophysical survey planned for early 2026 [2]. Share Issuance and Finder's Fee - Grafton has issued 312,955 common shares as part of the signing payment, valued at C$0.44 per share [6]. - A finder's fee of 7% on the total value of the option will result in the issuance of 1,450,400 common shares, with the first 500,000 shares issued upon signing [7].
Ocumetics Technology Announces Amendment to Brokered LIFE Offering Led by Centurion One Capital
Thenewswire· 2025-12-19 13:20
Core Viewpoint - Ocumetics Technology Corp. has amended the terms of its previously announced brokered private placement, aiming to raise up to $2.5 million through the issuance of units at an amended price of $0.60 per unit [1][2]. Group 1: Offering Details - The amended offering will consist of up to 4,166,666 units, each unit comprising one common share and one common share purchase warrant, with the warrant allowing the purchase of a share at $0.75 for three years [2]. - The Lead Agent has been granted an option to sell an additional 625,000 units at the same price, potentially raising an extra $375,000 [3]. - The offering is expected to close around December 29, 2025, subject to necessary approvals [7]. Group 2: Use of Proceeds - The gross proceeds from the offering are intended to fund the Corporation's first-in-human clinical trials, ongoing research and development, and general corporate purposes [4]. Group 3: Regulatory and Compliance - The units will be offered through a private placement under specific exemptions in Canada and the United States, with no prospectus filing required in certain jurisdictions [5]. - Participation by insiders in the offering will be considered a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [8]. Group 4: Company Overview - Ocumetics Technology Corp. is focused on developing advanced vision correction solutions, including innovative intraocular lenses designed to eliminate the need for corrective lenses [10][11].
Vanguard Mining Engages Hardline Exploration for NI 43-101 Technical Report Update at Brussels Creek Gold-Copper-Palladium Project, Kamloops, BC
Thenewswire· 2025-12-19 08:05
Core Viewpoint - Vanguard Mining Corp. has engaged Hardline Exploration Ltd. to prepare an NI 43-101 Technical Report for its Brussels Creek Gold-Copper-Palladium Project, marking a significant step in advancing the project towards further exploration [1][2]. Project Development - The Brussels Creek Project is located in the Kamloops Mining District of British Columbia and is 100% owned by Vanguard Mining [1]. - A comprehensive surface sampling program was recently completed, with assay results pending, and the NI 43-101 Technical Report is expected to be finalized by the end of January 2026 [2][3]. - The 2025 sampling program followed up on a previous drill intercept of 5.08 g/tonne gold over 3.5 meters, reported in 2023, and included 21 rock samples and 127 soil samples [4]. Sampling and Analysis - All samples were sent to SGS Canada Inc. for analysis, utilizing industry-standard methods for gold and platinum group metals [5][8]. - The analytical results will be compiled and reviewed by the company's Qualified Person, with a focus on prioritizing targets for a potential 2026 drilling program [6]. Strategic Importance - The Brussels Creek Project is strategically located adjacent to New Gold Inc.'s New Afton Mine, enhancing its exploration potential within the prolific Quesnel Terrane [14]. - The region's strategic importance has been underscored by Coeur Mining Inc.'s recent acquisition of New Gold Inc. for US$7 billion, creating a combined mining company valued at US$20 billion [13]. Community Engagement - Vanguard Mining is committed to collaborating with the Stk'emlúpsemc te Secwépemc Nation, focusing on local employment, environmental stewardship, and transparent engagement throughout exploration activities [16]. Historical Context - Historical sampling from 1983-1984 identified a 200 m × 400 m anomalous zone with gold values up to 3.5 g/t, and recent grab samples have confirmed high-grade surface mineralization [19].
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].