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Baru Gold's Role in Environmental Monitoring Highlighted on Sangihe Island
Thenewswire· 2025-10-03 15:00
Core Insights - Baru Gold Corp. acknowledges a report documenting environmental impacts from illegal mining on Sangihe Island, utilizing baseline data collected by the company to measure changes in ecosystem health [1][3][4] Environmental Impact - The report confirms significant increases in heavy metals such as arsenic, lead, and mercury in water and sediment due to illegal mining activities, primarily occurring in 2023 [3] - Damage includes extensive harm to mangroves and coral reefs, elevated heavy metal contamination, and potential health risks for local communities [3] Baseline Data and Regulatory Compliance - The company conducted comprehensive pre-mining environmental sampling to obtain its environmental permit (AMDAL), establishing baseline conditions required by Indonesian law for post-mining restoration [2][4] - The availability of baseline data has been crucial for understanding the extent of damage caused by unregulated activities [4] Local Community Support - Local residents have expressed support for the company's operations, recognizing the difference between regulated mining and illegal activities, which they see as destructive and economically unbeneficial [5] - The company aims to replace illegal mining with sustainable operations that promote shared prosperity [5] Project Overview - The Sangihe Gold Project covers approximately 25,000 hectares, with only 10% explored, and has an existing National Instrument 43-101 report for mining planning [6] - The company holds a 70% interest in the Sangihe mineral tenement Contract of Work (CoW), with a 30-year agreement upon production commencement [8] Company Profile - Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources in Indonesia, leveraging extensive experience in small-scale gold asset operations [9]
New Age Metals Closes First Tranche of Private Placement with Eric Sprott Raising $2,450,000
Thenewswire· 2025-10-03 12:30
Core Viewpoint - New Age Metals Inc. has successfully closed the first tranche of a non-brokered private placement financing, raising a total of $2,450,000 through the issuance of flow-through and non-flow-through units [1][6]. Financing Details - The first tranche included the issuance of 1,730,771 flow-through units at a price of $0.26 per unit and 9,090,910 non-flow-through units [1]. - Each flow-through unit consists of one common share and one half of a share purchase warrant, with the whole warrant allowing the purchase of an additional common share at an exercise price of $0.40 for three years [2]. - Each non-flow-through unit also consists of one common share and one half of a share purchase warrant, with the same terms as the flow-through units [3]. Finder's Fees - A total of $27,000.02 in cash and 142,307 non-transferable finder warrants were paid to GloRes Securities Inc. and PB Markets Inc. for the FT Unit tranche closing [4]. - No finder fees were associated with the NFT Units [4]. Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration and development of projects in Newfoundland, Ontario, and Manitoba [6]. - Proceeds from the non-flow-through units will be used for exploration and general working capital [6]. Insider Participation - Eric Sprott, through 2176423 Ontario Ltd., acquired 9,090,910 non-flow-through units for a total of $2,000,000.20, increasing his ownership from approximately 23.2% to 33.1% of the outstanding shares on a non-diluted basis [7]. - The transaction is classified as a related party transaction, and the company relied on exemptions from formal valuation and minority shareholder approval requirements [10]. Company Overview - New Age Metals is focused on the exploration and development of critical green and precious metal projects in North America, with divisions in Platinum Group Elements, Gold, Lithium/Rare Elements, and Antimony-Gold [11]. - The company owns significant projects, including the River Valley Project, one of North America's largest undeveloped Platinum Group Element projects [12]. - Recent developments include an agreement to option the Bonanza Gold Project in the Kenora Gold District, which consists of 114 mining claims [13]. Lithium Division - The Lithium Division is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field, exploring hard rock lithium and rare elements [14]. - A joint venture with Mineral Resources Ltd. has been established, with a minimum budget approved for the projects from May 2025 to April 2026 [14]. Antimony-Gold Division - The Antimony-Gold division spans over 19,800 hectares in Newfoundland, with ongoing exploration activities and recent approval under the Junior Exploration Assistance Program [17]. Investment in MetalQuest Mining - New Age Metals holds approximately 12.79% of MetalQuest Mining, which is developing a significant iron ore project [18][19].
Ventripoint Announces Extension and Up Size of Non-Brokered Convertible Debenture Unit Private Placement
Thenewswire· 2025-10-03 12:00
Core Points - Ventripoint Diagnostics Ltd. is seeking approval from the TSX Venture Exchange to extend the deadline for its non-brokered private placement of unsecured convertible debentures to November 2, 2025 [1] - The company plans to increase the size of the offering from $500,000 to $560,000 [2] - Each unit in the offering consists of one unsecured convertible debenture with a principal amount of $1,000 and 9,000 common share purchase warrants [2] - The convertible debentures can be converted into common shares at a price of $0.11 per share [3] - Each warrant allows the holder to purchase one common share at a price of $0.14 until December 31, 2027 [3] - The debentures will mature on December 31, 2027, and will bear an interest rate of 10%, payable semi-annually [4] - Proceeds from the offering will be used for operational costs, sales and marketing, hiring key personnel, and general working capital [5] - All securities issued will be subject to a hold period of four months plus one day from the closing date of the offering [6] Company Overview - Ventripoint has established itself as a leader in applying AI technology to echocardiography [8] - The company's VMS+ products utilize proprietary knowledge-based reconstruction technology, providing accurate cardiac measurements comparable to MRI [8] - Ventripoint's products are designed to enhance patient care and are compatible with ultrasound systems from various vendors, supported by regulatory approvals in the U.S., Europe, and Canada [9]
Congratulations to Volt Carbon Technologies on Second U.S. Patent and Graphene Achievement
Thenewswire· 2025-10-03 12:00
Core Insights - First Canadian Graphite Inc. congratulates its partner, Volt Carbon Technologies Inc., for receiving a Notice of Allowance for a continuation of its U.S. patent on proprietary air classifier technology and for recent advancements in graphene development [1][2] Company Developments - The collaboration between First Canadian Graphite and Volt Carbon Technologies was established through a Preliminary Mineral Processing Agreement signed on June 5, 2023 [2] - Volt Carbon's patent and graphene achievements utilized graphite sourced from First Canadian Graphite's Berkwood project, confirming the quality and suitability of the deposit for advanced processing [2][4] - The successful production of reduced graphene oxide (rGO) from Berkwood flake graphite has shown a 40-60% improvement in mechanical properties when mixed into epoxy resin, which is used in aerospace carbon fiber composites [5][7] Market Potential - The advancements in rGO production and the air classifier technology enhance graphite processing efficiency and open up opportunities in high-value applications such as batteries, energy storage, and advanced materials [4][5] - The Berkwood Graphite Project has a current mineral resource of 1,755,300 tonnes of indicated resources at 17.00% Cgr and 1,526,400 tonnes in inferred resources at 16.39% Cgr, indicating a high-grade resource suitable for next-generation carbon technologies [10][12] Strategic Importance - The achievements underscore the strategic importance of the Berkwood project in meeting the growing global demand for advanced carbon technologies [7]
Update On The Mosseau Drill Program And Details Of New Fall, 2025 Exploration Program
Thenewswire· 2025-10-03 10:30
Core Insights - Harvest Gold Corporation has provided an update on its drilling program at the Mosseau property in Quebec, highlighting the completion of additional drill holes and the initiation of a new exploration program [1][2][3] Drilling Update - The company has completed three additional drill holes totaling 654 meters, bringing the total to 14 holes and 3,030 meters drilled to date [2] - The recent drilling targeted the central portion of the Mosseau property, where historical work indicated strong potential for gold mineralization [3] - Assay results from the initial holes are expected within the next few weeks as samples are sent to the laboratory [3] Cultural Considerations - The ongoing diamond drill program has been temporarily paused in recognition of local First Nations Cultural Week, the National Day of Truth and Reconciliation, and the annual fall hunting season [4] - The company emphasizes its commitment to advancing the Mosseau Project respectfully, in collaboration with Indigenous communities [5][6] Fall 2025 Exploration Program - Harvest Gold has engaged IOS Geosciences to conduct a fall field exploration program, which will include soil sampling, prospecting, and mapping across the Mosseau and LaBelle properties [7] - The soil sampling program is set to begin on October 27, with over 1,000 samples to be collected [8] - The prospecting and mapping program aims to enhance geological understanding of underexplored areas and refine future exploration targeting [9] Company Overview - Harvest Gold is focused on exploring near-surface gold deposits and copper-gold porphyry deposits in stable mining jurisdictions [10] - The company has three active gold projects in the Urban Barry area, covering a total of 20,016.87 hectares [11] - The Mosseau, Urban-Barry, and LaBelle properties together cover over 50 kilometers of favorable strike along mineralized shear zones [12]
Electrum Discovery Closes Over Subscribed Private Placement
Thenewswire· 2025-10-03 06:00
Core Viewpoint - Electrum Discovery Corp. has successfully closed an over-subscribed private placement, raising total gross proceeds of $1,608,077, which will be utilized to advance its gold and copper projects in Serbia [1][2]. Financing Details - The private placement involved the issuance of 22,972,527 units at a price of $0.07 per unit, with each unit comprising one common share and one common share purchase warrant [2]. - Each warrant allows the holder to purchase an additional common share at an exercise price of $0.15 for a period of two years [2]. - Finder's fees amounted to $12,246 in cash and 365,004 finder's warrants [3]. Use of Proceeds - Proceeds from the private placement will be directed towards infill and expansion drilling at the Novo Tlamino project and accelerating drill targeting at the Timok East project, along with general working capital and corporate purposes [5]. Company Overview - Electrum Discovery Corp. is a Canadian growth-oriented company focused on increasing shareholder value through its projects: gold-silver Novo Tlamino and copper-gold Timok East, located in the Western Tethyan Belt in Serbia [6]. - The company aims to maximize the value of its mineral projects while promoting sustainability and governance in the region [7].
Norsemont Announces Closing of Warrant Financing from Strategic Investors
Thenewswire· 2025-10-03 04:55
Core Points - Norsemont Mining Inc. has successfully closed a non-brokered private placement of 3,500,000 share purchase warrants at an issue price of CAD $0.10 per Warrant, raising gross proceeds of CAD $350,000 [1][3] - Each Warrant allows the holder to purchase one common share at a price of CAD $0.59 for a period of five years, with potential for acceleration of expiry if the share price exceeds CAD $1.00 for 10 consecutive trading days [2][3] - The proceeds from the Offering will be used for general working capital and mineral exploration of the Choquelimpie Gold-Silver-Copper project [3][7] Company Overview - Norsemont Mining owns a 100% interest in the Choquelimpie project in northern Chile, which has an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces [7] - The Choquelimpie project has over 1,700 drill holes and significant existing infrastructure, including roads, power, water, camp, and a 3,000-tonne-per-day mill [7] - The company is committed to responsible and sustainable resource development, utilizing modern exploration techniques to enhance shareholder value [7]
Hanstone Gold Options Snip North Project
Thenewswire· 2025-10-03 04:45
Core Viewpoint - Hanstone Gold Corp. has entered into a property option agreement with Goldrea Resources Corp. for a 70% interest in the Snip North Project, allowing Goldrea to focus on its advancement while Hanstone continues developing its Doc Property claims [1][2]. Company Overview - Hanstone Gold Corp. is a precious and base metals explorer focused on the Doc Project located in British Columbia's Golden Triangle, an area known for its mineral wealth [4]. - The company holds a 100% earn-in option on the 1,704-hectare Doc Project and owns a 100% interest in the 3,443-hectare Snip North Project, which is now subject to the option agreement with Goldrea [4]. Option Agreement Details - Goldrea must incur a total of $1,250,000 in exploration expenditures on the Snip North Project, with specific amounts due by September 30 of each year from 2026 to 2029 [3]. - Goldrea is also required to transfer $100,000 in eligible assessment credits to extend the expiry date of the Property to June 30, 2026; if the transfer is not approved, the option agreement will terminate [3]. - Upon earning a 70% interest, a 70/30 joint venture will be established for exploring and exploiting the Property, with a formal joint venture agreement to be negotiated [3].
First Tellurium Grants Options
Thenewswire· 2025-10-02 23:00
Group 1 - First Tellurium Corp. has granted incentive stock options to eligible consultants to purchase up to 700,000 common shares at a price of $0.20 per share for a period of ten years [1] - The options will have a hold period expiring on February 3, 2026, in accordance with CSE policies and applicable securities laws [1] - First Tellurium's business model focuses on generating revenue through mineral discovery, project development, and tellurium-based technologies [2] Group 2 - First Tellurium is listed on the Canadian Securities Exchange under the symbol "FTEL" and on the OTC under the symbol "FSTTF" [2] - The company provides further information about its projects on its official website [2]
King Global Announces Change Of Auditors
Thenewswire· 2025-10-02 22:20
Company Overview - King Global Ventures Inc. has appointed Davidson & Co. LLP as its new auditor, effective until the next annual meeting of shareholders [1][2] - The former auditor, Saturna Group Chartered Professional Accountants LLP, resigned on September 29, 2025, and their reports for the fiscal years ended December 31, 2023, and December 31, 2024, did not contain a modified opinion [3] Consulting Agreement - The company has entered into a Consulting Agreement with David Reavis for a 12-month period, granting him 100,000 options at $0.85 for two years, with 25% vesting every three months [5] Exploration Projects - King Global Ventures focuses on the exploration of precious and base metals in North America, particularly the Black Canyon Project in Arizona, which covers 4,000 acres and includes 15 former operating mines [5] - The Black Canyon Project targets copper-gold-silver-zinc mineralization and is located 100 km north of Phoenix, Arizona [5] - The Howard Copper Mine Property, part of the Black Canyon Project, is situated on 78 acres of patented land and has a history of high-grade copper production [6] - The Mikwam Gold Property is located in Ontario's Abitibi Greenstone Belt and contains disseminated and vein-hosted gold mineralization [7] - A historical inferred mineral resource of 1,810,000 tonnes grading 2.34 g/t gold, containing 136,000 ounces of gold, was reported for the Mikwam Property, but this estimate is not current and should not be considered as such [8]