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San Lorenzo Gold Announces Entering Into an Advisory Engagement with Argonaut, a Proposed Private Placement and Provides a Salvadora Drilling Update
Thenewswire· 2025-12-11 14:00
Core Viewpoint - San Lorenzo Gold Corp. has engaged Argonaut Corporate Finance Limited as a strategic financial advisor and plans to conduct a non-brokered private placement to raise up to $4 million for exploration and working capital purposes [1][2][3][6]. Advisory Engagement with Argonaut - The advisory engagement with Argonaut is for an initial term of six months, extendable by mutual agreement, focusing on the Salvadora Gold/Copper project and other properties in Chile [3]. - Argonaut will receive a monthly compensation of $5,000 and 1,000,000 warrants at an exercise price of $0.80 for two years [4]. Private Placement - San Lorenzo intends to complete a private placement of units for gross proceeds of up to $4 million, with each unit priced at $0.62, consisting of one common share and one-half of a warrant [6]. - The Argonaut Group will participate as a cornerstone investor, contributing $2 million to the offering [6]. - The proceeds will be used for exploration on the Salvadora property and general working capital [8]. Conversion of Credit Facilities - Tailwind Capital Neo Fund Ltd. will convert advances from two credit facilities into common shares, with $1 million converted at $0.20 per share and $235,190 at $0.35 per share [12]. - This conversion will eliminate outstanding advances under both facilities upon closing of the offering [12]. Repayment of Term Loan - A term loan of $1 million to Lithium Chile Inc. will be satisfied by issuing units for 50% of the indebtedness at the offering price and repaying the remaining 50% in cash from the offering proceeds [13]. Drilling Update - San Lorenzo is currently drilling a fourth hole on its Cerro Blanco porphyry target, with results expected in January 2026 [14]. Company Overview - San Lorenzo is focused on advancing its flagship Salvadora property in Chile's mega-porphyry belt, with prior drilling indicating significant gold and copper resources [15].
Frequency Exchange Appoints Scott Owen To Board Of Directors
Thenewswire· 2025-12-11 13:30
Core Insights - Frequency Exchange Corp. has appointed Scott Owen to its Board of Directors, enhancing its leadership team [2][4] - Scott Owen brings over 30 years of experience in global business development and has held senior leadership roles with P&L responsibilities exceeding $250 million [3] - Owen's track record includes closing multiple multi-year enterprise deals valued over $100 million, with a notable partnership contributing $950 million in attributed revenue over five years [3] Company Overview - Frequency Exchange Corp. is the parent company of FREmedica Technologies Inc., which specializes in frequency-based digital wellness technologies [5] - The flagship product, NIKKI, offers programmable frequency wellness programs aimed at supporting cellular communication and overall wellbeing [5] - Initially developed for Lyme disease, the NIKKI platform has expanded to address various use cases, including sleep, pain, energy, immune support, and athletic recovery [6]
Generation Uranium Applauds ATHA Energy's Uranium Discoverys In The Angikuni Basin, South Of Generations YATH Project
Thenewswire· 2025-12-11 13:30
Core Insights - Atha Energy has reported multiple uranium discoveries in the Angikuni Basin, specifically at the RIB target area, indicating strong exploration success [1][2] - The RIB zone drill holes intersected uranium mineralization with grades up to 5.55% U3O8, showcasing the potential of the Angikuni Basin [2] - Generation Uranium views Atha's success as a positive indicator for the Angilak District, which includes Generation's Yath project [3] Company Overview - Generation Uranium is a Canadian resource exploration company focused on uranium, advancing its 100% owned Yath uranium project located in Nunavut's Angilak District [7] - The company is strategically positioned within one of Canada's most active emerging uranium camps, with a robust pipeline of high-priority exploration targets [7] - The exploration success of adjacent projects does not necessarily indicate the potential of the Yath Project [5]
Shine Enters Into Binding Letter of Intent to Earn-In to Arizona Silver Property and Announces Proposed Financing
Thenewswire· 2025-12-11 13:00
Core Viewpoint - Shine Minerals Corp. has entered into a binding letter of intent with Red Cloud Silver Ltd. to acquire all issued and outstanding common shares of RCS, marking a significant step towards reactivating Shine as a Tier 2 Mining Issuer on the TSX Venture Exchange [1][2][10] Proposed Transaction Structure - The proposed transaction involves Shine acquiring the right to purchase 11,100,000 shares of RCS by issuing 6,500,000 post-Consolidation common shares to RCS shareholders on a pro rata basis, without initially acquiring ownership in RCS [3][4] - After completing $2,000,000 in exploration expenditures on the Silver District Exploration Project, Shine may exercise its option to acquire 100% of RCS shares by issuing an additional 14,200,000 post-Consolidation shares and paying $650,000 in cash [4] RCS and Project Details - RCS holds an option to acquire a 100% interest in the Silver District Exploration Project in Arizona, requiring staged cash and share payments totaling US$1.4 million by October 31, 2028 [5] - If the RCS Option is exercised, Gulf + Western Industries will retain a 2% net smelter return royalty [5] Financial and Regulatory Conditions - Prior to closing, Shine will complete a 5-for-1 share consolidation and a non-brokered private placement for approximately C$1,000,000 at C$0.06 per pre-Consolidation share, with proceeds allocated for transaction costs and initial exploration [6][10] - Conditions for closing include ensuring that vendor shares do not exceed 49.9% of Shine's outstanding shares and that no individual vendor holds 9.9% or more of the shares [7][13] Company Background - Shine Minerals Corp. is currently listed on the NEX board and aims to reactivate as a Tier 2 Mining Issuer, focusing on quality exploration assets and disciplined capital allocation [9] - The Definitive Agreement for the transaction is expected to be executed by January 10, 2026, subject to regulatory approvals [10][11]
Silver North's Veronica Property Yields 76.8% Lead with Previously Reported 2,860 g/t Silver Discovery at Betty Target
Thenewswire· 2025-12-11 12:30
Core Insights - Silver North Resources Ltd. has reported significant lead and silver assay results from the Veronica Property, part of the GDR Project in southern Yukon Territory, indicating potential for high-grade mineralization [1][2] Group 1: Exploration Results - The Lodge Showing yielded lead assay results of 76.8% and 9.6% from two silver-bearing samples, with silver concentrations of 2,860 g/t and 213 g/t respectively [1][2] - At the Cooper Showing, a silver-bearing sample returned 1.36% lead and 33.17 g/t silver [1] - The Betty Target, a 1 km by 1 km geochemical anomaly, remains open to the east and south, with lead concentrations ranging from 50 ppm to 8,850 ppm and silver from 1 ppm to 31.1 ppm [2] Group 2: Geological Context - Lead mineralization in the form of galena is a key component of Carbonate Replacement Deposit (CRD) style mineralization in the Silvertip District [2] - The exploration is targeting high-grade silver-lead-zinc mineralization similar to that found at the nearby Silvertip Mine, located approximately 12 km southwest of the Veronica claims [3] Group 3: Sample Analysis and Methodology - All samples were analyzed using four-acid digestion with ICP-MS finish, and gold analysis was conducted via fire assay [6] - Approximately 453 soil samples were collected and analyzed for various elements, including gold and silver, using standard ICP spectroscopy [7]
Viva Gold Announces Private Placement Offering
Thenewswire· 2025-12-11 12:00
Core Viewpoint - Viva Gold Corp. is initiating a non-brokered private placement to raise up to CDN$3,000,000 by offering 18,750,000 units at CDN$0.16 each, with each unit comprising one common share and one-half of a warrant [1] Group 1: Offering Details - The offering consists of up to 18,750,000 units priced at CDN$0.16 per unit, aiming for gross proceeds of up to CDN$3,000,000 [1] - Each unit includes one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant exercisable at CDN$0.24 for 36 months [1] - The company may pay finder's fees, subject to TSX Venture Exchange policies, and the offering is pending approval from the exchange [4] Group 2: Insider Participation - Certain insiders may participate in the offering, which would be classified as a "related party transaction" under MI 61-101 [2] - The company anticipates that insider participation will be exempt from formal valuation and minority shareholder approval as it will not exceed 25% of the company's market capitalization [2] Group 3: Use of Proceeds - Proceeds from the offering will be allocated primarily for Pre-Feasibility/Feasibility study work at the Tonopah Gold Project, including technical and environmental studies [3] - Additional funds will be used for geophysical surveys, geological work, and general working capital [3] Group 4: Company Overview - Viva Gold's Tonopah Gold Project is located in a prominent mining area in Nevada and has a high confidence level gold mineral resource [5] - The company is committed to environmentally and socially responsible development, led by experienced management [5][6] - Viva Gold trades on the TSX Venture exchange under the symbol "VAU" and has approximately 145.3 million shares outstanding [6]
Star Royalties Announces Conversion of Elk Gold Royalty
Thenewswire· 2025-12-11 12:00
Core Viewpoint - Star Royalties Ltd. has entered into a binding agreement with Nhwelmen Construction Limited Partnership, allowing Elk Gold Mining Corp. to repurchase the Company's 2% net smelter return royalty on the Elk Gold Mine in exchange for a 5% equity ownership in Gold Mountain Mining Corp. following the resolution of Gold Mountain's court-appointed receivership process [1][2]. Transaction Highlights - The restructuring enables the Company to capitalize on the reorganization of Elk Gold and maintain optionality regarding the underlying resources [2]. - The equity position in Gold Mountain expands the Company's exposure to 21,187 hectares, significantly increasing the land package previously covered by the royalty [2]. - Elk Gold will be developed by a reputable operator known for safety and environmental stewardship, with permitting support from NCLP [2]. - The restructuring aligns the interests of the Company, NCLP, and the Nlaka'pamux Nation Tribal Council for long-term value maximization of Elk Gold [4]. Wealth Creation Potential - Near-term catalysts for Elk Gold include a revised resource statement, updated mine plan, exploration programs, and the announcement of a development partner [4]. - The new equity stake in Gold Mountain is expected to potentially surpass the value of the 2% NSR royalty, with unchanged positive asset attributes such as location, grade profile, and near-term cash flow potential [4].
Critical Infrastructure Technologies Ltd. Announces Resignation of Director
Thenewswire· 2025-12-11 01:25
Company Overview - Critical Infrastructure Technologies Ltd. (CiTech) is listed on the CSE and operates in Perth, Western Australia, focusing on creating autonomous, high-capacity, rapidly deployable technology for essential services [2] - The company is targeting the mining, emergency services, and defense sectors with its first product, the Nexus 16, which aims to provide critical mobile telecommunications [2] Product Development - CiTech's self-deploying platform (SDP) addresses two major limitations of current rapidly deployable communication solutions: the strength of the tower and the ability to rapidly self-deploy and operate in various situations [2] - The SDP is designed to support radio equipment, including LTE and other technology payloads such as surveillance and anti-drone systems [2] - The company has completed the research and development phase and is currently in the process of commercializing its first product, with plans for additional products in the future [2] Management Changes - The company announced the resignation of Mr. Richard Paolone as Director, effective December 9, 2025, and expressed gratitude for his contributions [1]
GOAT Industries Completes Acquisition Of Betsource
Thenewswire· 2025-12-10 23:40
Core Viewpoint - GOAT Industries Ltd. has successfully acquired 1509467 B.C. Ltd. and Veroom, Inc., enhancing its portfolio with a focus on licensed, data-driven affiliate and digital engagement businesses [1][2] Business of the Targets - 150 BC is the parent company of Source Gaming, a digital media and technology firm based in Pennsylvania, specializing in sports and sports-betting content [2] - Source Gaming generates revenue through subscriptions, advertising, and affiliate-based revenues, operating in the U.S. and Ontario, Canada [2] - Source Gaming holds affiliate licenses in over 15 U.S. states and Ontario, allowing revenue generation from user subscriptions to licensed sportsbooks [2] Product Overview - Source Gaming's core product, BETSource, integrates sports books and interactive applications to enhance user experience during live sports [3] - BETSource includes contextual advertising features, enabling monetization in live and on-demand video content [3] - The platform allows casinos to manage branded wagering channels and utilize AI-driven advertising [3] Vroom's Role - Vroom acts as the sales and marketing division for Source Gaming, focusing on partner acquisition and advertising sales [4][5] - The team at Vroom leverages industry relationships to drive revenue growth and adoption of the BETSource platform [5] Transaction Terms - GOAT acquired all issued securities of the Targets for 70,000,000 common shares at a deemed price of $0.21 per share [6] - The acquisition includes 62,710,000 performance warrants, exercisable at $0.45 per share, with vesting milestones based on revenue targets of $10 million and $20 million [6] Escrow and Share Release - 62,500,000 shares are subject to a voluntary escrow with a structured release schedule based on the filing of a business acquisition report [7] - Additional shares held by the CEO of Source Gaming are under an enhanced voluntary escrow with a longer release schedule [7] Board and Governance - Henry Frecon III has been appointed to the Board of Directors, bringing experience from Source Gaming [9] - A voting trust agreement has been established for the Vendors, allowing a board member to exercise voting rights on their behalf [10] Financing and Support - GOAT has entered into a secured convertible note with 1509 for up to $1,000,000 to support the BETSource platform's development [11] - The company completed a private placement financing totaling $5,379,713.10, consisting of units that include shares and warrants [12]
New Age Metals Expands Bonanza Ridge Gold And Critical Metals Project/Strategic Acquisition Of Lavender Lake & South Gibi Lake Properties
Thenewswire· 2025-12-10 22:20
Core Insights - New Age Metals Inc. has entered into an option agreement to acquire the Lavender and Gibi Properties, expanding its exploration portfolio in the Kenora Gold District [1][3][14] - The combined land position now totals approximately 8,500 hectares, enhancing the company's strategic footprint in a region known for both precious and critical metals [3][19] Property Details - The Lavender Property consists of 64 mining claims and 1 patented mining claim, covering 1,335 hectares, while the Gibi Property includes 186 mining claims totaling 3,881 hectares [2] - The company has the option to acquire 100% of these properties, subject to a 2% net smelter return royalty, which can be reduced to 1% for a payment of $1 million [2] Exploration and Sampling - A due diligence site visit in October 2025 confirmed the presence of multiple mineralized structural targets across both properties, with known occurrences of gold and copper [6][7] - Grab samples from the Lavender Property showed significant mineralization, including copper values up to 10,014 ppm and gold values up to 172 ppb [9][11] Strategic Positioning - The acquisition strengthens the company's position in the Bonanza Ridge Gold and Critical Metals Project area, which is recognized for its potential in gold and critical metals exploration [3][14] - The Kenora Gold District is noted for its historic gold production and ongoing investment from major mining companies, making it an attractive area for new discoveries [19] Financial Terms of the Agreement - The option agreement includes a series of cash payments and share issuances over three years, starting with $15,000 within 10 days of regulatory approval [20][21] - The agreement allows the company to terminate after the first year's commitments are fulfilled, with no finder's fees associated with the transaction [20] Infrastructure and Access - The properties benefit from excellent year-round access and infrastructure, including nearby highways and power transmission lines, facilitating exploration activities [7][18] - The strategic location near Kenora provides direct access to mining services and skilled labor, enhancing the company's operational capabilities [7][19]