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Hybrid Power Solutions Announces Production Start of 11 Spark Units
Thenewswire· 2025-12-10 13:35
Core Insights - Hybrid Power Solutions Inc. has commenced production of eleven Spark portable industrial battery systems for deployment through a leading national rental partner to three of North America's largest general contractors, marking a significant milestone in the commercial rollout of the Spark platform [1][3] Group 1: Product and Deployment - The Spark units are designed for zero-emission, silent operation and rapid deployment, intended to replace traditional diesel generators on various construction projects across Canada [2] - Production of the eleven Spark units has started, with delivery expected in Q1 2026, and there is strong interest from the rental partner to expand the fleet based on field performance and contractor feedback [4] Group 2: Market Demand and Benefits - The adoption of Hybrid's battery technology by major general contractors validates the performance of the Spark units and indicates a growing demand for cleaner, more efficient power solutions on job sites [3] - Key benefits of the Spark units include reduction in diesel fuel consumption and associated logistics, silent operation for extended work hours, instant power delivery, remote monitoring capabilities, and significant reduction in carbon emissions and on-site pollutants [6]
[Video Enhanced] Dolly Varden Silver Proposes Merger with Alaska Gold Producer
Thenewswire· 2025-12-10 13:30
Core Viewpoint - Dolly Varden Silver announced a proposed merger with Contango ORE, aiming to create a new high-grade silver and gold producer named Contango Silver & Gold, which will have a 20-year development pipeline across Alaska and British Columbia [6][10]. Company Overview - Dolly Varden Silver has expanded its valuation from $20 million to approximately C$560 million over the last five years, supported by aggressive drilling programs and strategic acquisitions [1][2]. - Contango ORE, listed on NYSE American, focuses on gold exploration and production in Alaska, holding a 30% interest in the Manh Choh Gold Project, which produced 173,400 gold ounces in the first nine months of 2025 [3][4]. Merger Details - Upon completion of the merger, existing shareholders of both companies will own approximately 50% of the new entity, MergeCo, which will be renamed Contango Silver & Gold Inc. [10]. - The merger is expected to enhance the combined company's market capitalization to approximately US$812 million (C$1.1 billion) and improve trading liquidity and institutional ownership [14][16]. Strategic Rationale - The merger aims to create a North American-focused multi-stage silver and gold company with a diverse asset portfolio, including advanced-stage exploration and current production [11][12]. - The combined entity will leverage high-grade projects such as the Lucky Shot and Johnson Tract in Alaska, and the Kitsault Valley project in British Columbia, all strategically located near existing infrastructure [12][13]. Financial Position - The combined companies will have over US$100 million in cash and only US$15 million in debt, with annual cash flow from the Manh Choh gold mine [12][14]. - The merger is expected to provide a solid financial foundation for growth and long-term value creation for shareholders [11][17]. Leadership and Management - The new company will be led by Rick Van Nieuwenhuyse as CEO, Shawn Khunkhun as President, and Mike Clark as Executive Vice President and CFO [10]. - The leadership team is expected to bring operational expertise to transition projects from exploration to production effectively [7][11]. Exploration Potential - The merger is anticipated to enhance exploration capabilities, with a strong focus on high-grade mineral inventory and a track record of successful exploration across the combined portfolio [12][13]. - The integration of Dolly Varden's exploration team with Contango's operational expertise is expected to drive resource expansion and discovery opportunities [7][11].
Peloton Completes the Maiden Drilling Program at the North Elko Lithium Project, Nevada
Thenewswire· 2025-12-10 13:30
Core Insights - Peloton Minerals Corporation has successfully completed its maiden drilling program at the North Elko Lithium Project (NELP) in northeastern Nevada, confirming the presence of clay layers and achieving all program objectives [1][2][4] Drilling Program Details - The drilling program consisted of four holes totaling 1,825 feet, confirming clay layers to a vertical depth of at least 500 feet and across a widespread area with drill spacing of 7 by 3.5 kilometers [2][3] - Three holes reached a depth of 500 feet in clay-bearing material, while one hole was stopped at 325 feet after hitting basement rocks [3] Sample Analysis - Samples from the drill holes will undergo multi-element assay analysis to determine lithium presence and other critical minerals, with results expected by the end of January 2026 [4] - X-Ray Diffraction (XRD) analysis will also be conducted to understand mineralogy and check for zeolite minerals [4] Project Location and Size - NELP is located adjacent to a high-grade lithium deposit discovered in 2023 by Surge Battery Metals and covers an area of approximately 37 square kilometers (14.25 square miles) [5] Future Exploration Plans - Peloton holds two drilling permits for NELP and has 24 drill pad locations permitted for follow-on programs, with potential for more pads as exploration continues [6]
Silver North Extends Main Fault Silver Mineralization an Additional 50 metres Along Strike at the Haldane Silver Property, Keno District, Yukon
Thenewswire· 2025-12-10 12:30
Core Insights - Silver North Resources Ltd. has reported significant drilling results from its Haldane Silver Property, indicating the extension of the Main Fault mineralization with high-grade silver intersections [2][3][4] Drilling Results - The recent drilling program has successfully extended the Main Fault to over 100 meters in strike and approximately 150 meters downdip, with a total of five holes reported so far [2][3] - Hole HLD25-35 intersected 14.40 meters averaging 231 g/t silver, 0.24 g/t gold, 0.54% lead, and 0.39% zinc, including a high-grade interval of 1.25 meters averaging 1,261 g/t silver [2][4] - Hole HLD25-34 returned 13.60 meters averaging 146 g/t silver, with a notable high-grade section of 1.20 meters averaging 467 g/t silver [3][6] Property Details - The Haldane Silver Property spans 8,579 hectares and is located 25 km west of Keno City, Yukon, adjacent to Hecla Mining's Keno Hill Silver Mine [2][3] - The property hosts numerous occurrences of silver-lead-zinc-bearing quartz siderite veins, consistent with other deposits in the Keno Hill district [2][3] Future Plans - The company anticipates receiving the final assay results from the remaining two holes of the 2025 drilling program and plans to analyze all data to identify potential high-grade plunge directions for a more aggressive drilling program in 2026 [3][4]
Germanium Mining Corp. Announces Non-Brokered Private Placement Commitment
Thenewswire· 2025-12-10 08:05
Core Points - Germanium Mining Corp. announced a non-brokered private placement of 1,250,000 units at $0.20 per unit, resulting in gross proceeds of $250,000, which was fully subscribed within 6 hours [1] - The net proceeds from the placement will be used for exploration activities and general corporate purposes, including arm's length payables [2] - All securities issued will be subject to a hold period of four months and one day, and the financing is subject to standard Canadian Securities Exchange (CSE) approval [2][4]
Northern Lights Resources Announces Fully Allocated Upsizing of Non-Brokered Private Placement
Thenewswire· 2025-12-09 22:30
Core Points - Northern Lights Resources Corp. has increased its non-brokered private placement to C$400,000 due to strong investor demand [1] - Each unit in the offering consists of one common share and one common share purchase warrant, with the warrant exercisable at $0.10 for 36 months [1] - Proceeds from the offering will be allocated for exploration on the company's properties and general corporate purposes [1] Offering Details - No finders fees will be paid in connection with the offering [2] - The securities issued will be subject to a hold period of four months and one day from the closing date [2] Company Overview - Northern Lights Resources is focused on three key projects: Horetzky Copper Project, Pup Copper Project, and Secret Pass Gold Project [5] - The company also holds a 1% NSR royalty on the Medicine Springs Silver Project in Nevada [5] - Northern Lights Resources trades under the ticker "NLR" on the CSE and "NLRCF" on the OTC [6]
Germanium Mining Corp. Announces Non-Brokered Private Placement
Thenewswire· 2025-12-09 22:20
Core Viewpoint - Germanium Mining Corp. has announced a non-brokered private placement of up to 1,250,000 units at a price of $0.20 per unit, aiming to raise gross proceeds of up to CAD $250,000 [1][2]. Group 1: Private Placement Details - Each unit in the private placement consists of one common share and one transferable common share purchase warrant [1]. - Each warrant allows the holder to purchase an additional share at $0.30 per share for a period of 12 months from the issuance date [1]. - The net proceeds from the placement will be used for exploration activities and general corporate purposes, including arm's length payables [2]. Group 2: Regulatory and Compliance Information - A finder's fee of up to 10% may be applicable in accordance with Canadian Securities Exchange regulations [2]. - All securities issued will be subject to a hold period of four months and one day as required under applicable securities legislation [2]. Group 3: Company Information - The announcement is made on behalf of the board by Mario Pezzente, CEO & Director of Germanium Mining Corp. [3]. - For further information, contact details and corporate address are provided [3].
Pinnacle Provides Further Details for El Potrero Finder's Fee
Thenewswire· 2025-12-09 19:35
VANCOUVER, BRITISH COLUMBIA, December 9, 2025 – TheNewswire - (TSXV: PINN, OTC: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") is pleased to announce that it has received conditional TSX Venture Exchange (“TSXV” or “the Exchange”) approval for all Finder’s Fee shares associated with the staged option of the high-grade El Potrero gold-silver project in Durango, Mexico.  Further to Pinnacle news release of February 24, 2025, a Finder’s Fee of 4% of the measurable benefi ...
New Age Metals Options Magnet Lake Property Further Expanding the Bonanza Ridge Gold & Critical Metals Project, Kenora Mining District, Ontario
Thenewswire· 2025-12-09 14:35
Core Viewpoint - New Age Metals Inc. has entered into an option agreement to acquire the Magnet Lake Property, which consists of 55 mining claims totaling 1,147 hectares, located near Kenora, Ontario, enhancing its portfolio in the critical and precious metals sector [1][2][3] Acquisition Details - The Magnet Lake Property will be integrated into the Bonanza Ridge Gold and Critical Metals Project, reinforcing the company's position in the Kenora Mining District [2] - The acquisition includes a 2% net smelter return (NSR) royalty, which can be reduced to 1% for $1 million in cash [1] Exploration and Sampling Results - A due diligence site visit in October 2025 confirmed high-grade copper mineralization, particularly at the Gold Lake and Hollow Lake Prospects, with a notable grab sample returning 2.14% copper [5][6][19] - The property has excellent infrastructure, including road access and nearby power lines, and is located 25 km from Kenora, a significant economic hub [7][18] Strategic Positioning - The acquisition aligns with the Ontario Government's Critical Minerals Strategy, which aims to develop a world-class critical minerals jurisdiction [3][19] - New Age Metals holds a 12.2% stake in Metal Quest Mining Corp., which is also acquiring strategic positions in the Ring of Fire region, positioning the company to benefit from the growing critical metals market [4][19] Financial Terms of the Option Agreement - The option agreement includes a series of cash payments and share issuances over three years, starting with $10,000 and $25,000 in shares within 10 days of regulatory approval [21][22] - The agreement allows the company to terminate after fulfilling the first year's commitments [21] Industry Context - Copper has been designated a critical mineral by the Government of Canada since 2024, highlighting its importance in clean technologies and supply chain security [19] - The Kenora Gold District has a long history of high-grade mineralization and is recognized for its potential in the mining industry, with established infrastructure and a skilled workforce [20]
Ocumetics Announces Optimized Lens Delivery System in Collaboration with Medicel
Thenewswire· 2025-12-09 14:00
Core Viewpoint - Ocumetics Technology Corp. has announced enhancements to its lens delivery technology in collaboration with Medicel AG, aimed at optimizing the implantation process for its next-generation intraocular lens [1][2]. Group 1: Company Developments - The updated intraocular lens delivery system is designed to improve loading efficiency and streamline implantation procedures, ensuring compatibility with the Ocumetics Lens [2]. - Ocumetics plans to utilize the optimized lens delivery system for upcoming Group 2 surgeries scheduled for early 2026 [3]. - The collaboration with Medicel reflects a commitment to innovation and responsiveness to surgeon feedback, which is crucial for the success of the Ocumetics Lens [2][4]. Group 2: Product and Technology - Ocumetics is in the early feasibility study phase for a revolutionary intraocular lens that aims to eliminate the need for corrective lenses by allowing natural focus adjustment [6]. - The lens is designed to fit within the natural lens compartment of the eye, providing clear vision at all distances without glasses or contact lenses [6]. Group 3: Company Background - Ocumetics Technology Corp. is a Canadian company focused on developing advanced vision correction solutions to enhance patient quality of life through innovative research and development [5].