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Muzhu Mining, To Be Renamed Grenville Mines Inc., Signs Definitive Option Agreement For The Everett Titanium Project In Quebec, And Announces Private Placement Financing
Thenewswire· 2025-11-28 20:45
Core Viewpoint - Muzhu Mining Ltd. has entered into an option agreement to acquire up to a 75% interest in the Everett titanium property, which is strategically located near significant titanium production sites in Quebec, Canada [1][4][7] Company Summary - Muzhu Mining Ltd. will be renamed Grenville Mines Inc. to better reflect its focus on the Everett Property [23] - The company is currently involved in a private placement offering to raise up to $750,000 for initial payments and exploration activities related to the Everett Project [14][15] Everett Property Highlights - The Everett Property consists of 49 mineral tenures covering 2,406 hectares (5,946 acres) and has a history of significant mineral resource estimates [2][5] - Historical estimates indicate a resource of 234 million tonnes with grades of 10.8% TiO2, 17.9% Fe, and 2.8% P2O5, although these are not compliant with current NI 43-101 standards [5][6] Economic Significance - The Everett Property is recognized as one of the most significant hard-rock ilmenite deposits globally, located just 3 km from the Lac Tio titanium mine [4][7] - The property is situated in a tier-1 location with access to infrastructure, low energy costs, and government support, making it strategically important for the onshoring of critical minerals [7] Future Development Plans - Confirmatory diamond drilling is planned to verify and expand the historical resource, followed by a NI 43-101 mineral resource estimate [8] - The company aims to complete a positive feasibility study by September 30, 2030, to earn an additional 25% interest in the Everett Property [11] Financial Structure - Under the option agreement, Muzhu will make a series of cash payments and expenditures totaling $10 million to earn its interest in the Everett Property [9][12] - Romaine River Titanium Inc. is entitled to a 3.5% gross return royalty, with options for Muzhu to buy back portions of this royalty [13] Market Context - The titanium sponge price is at a 15-year high, having increased by 22% since 2020, which presents a favorable pricing environment for titanium products [7] - Geopolitical risks related to titanium supply from China and Russia, which control 75% of the world's titanium sponge capacity, further emphasize the importance of domestic production [7]
BacTech Unveils New Web Site
Thenewswire· 2025-11-28 18:15
Core Viewpoint - BacTech Environmental Corporation has launched a redesigned corporate website to better reflect its mission and business evolution, focusing on sustainable mining and tailings remediation [2][6]. Company Overview - BacTech Environmental Corporation specializes in commercial bioleaching, utilizing naturally occurring bacteria to recover valuable metals and stabilize harmful elements like arsenic [3][8]. - The company is advancing a fully permitted 50-tonne-per-day bioleach facility in Tenguel–Ponce Enríquez, Ecuador, and developing its Zero-Tailings critical-minerals recovery technology in Sudbury, Canada [3][8]. Website Features - The new website offers a modern, streamlined interface designed for easier navigation and stronger brand positioning [6][11]. - It includes dedicated sections for major projects, such as the Tenguel–Ponce Enríquez bioleach plant and the Zero-Waste critical-minerals recovery initiative [6][11]. - An enhanced investor relations center provides simplified access to corporate filings, presentations, videos, and press releases [6][11]. - A technology hub explains BacTech's patented BacOx and Zero-Tailings platforms, featuring animations and easy-to-read technical summaries [6][11]. - The website highlights community and ESG stories, showcasing BacTech's local hiring commitments, environmental safeguards, and positive social impact in Ecuador and Canada [6][11]. - A Spanish-language version of the website is forthcoming to better serve stakeholders in Latin America [6][11].
Carrier Connect Data Solutions Inc. Signs Definitive Agreement to Acquire Purecolo Inc.
Thenewswire· 2025-11-28 18:10
Core Viewpoint - Carrier Connect Data Solutions Inc. has entered into a definitive share purchase agreement to acquire PureColo Inc., enhancing its portfolio of Tier II/III data centers and expanding its service offerings in the Ottawa region [1][4]. Acquisition Details - The acquisition involves the issuance of 4,606,704 common shares to PureColo's securityholders, with shares subject to escrow conditions released over 12 months [2]. - PureColo securityholders will also receive cash consideration of approximately $2,326,000, payable over nine months and subject to adjustments based on PureColo's debt covenants [3]. Financial Performance of PureColo - PureColo's unaudited revenue for 2025 is forecasted at approximately CAD 2.35 million, with a gross profit of around CAD 1.13 million (48% margin) and operational expenses estimated at CAD 1 million (46% margin) [5]. - The company serves about 60 customers across two data centers and is experiencing a year-over-year revenue growth of 28%, while being EBITDA positive [5]. Strategic Implications - The acquisition is expected to facilitate smooth integration and leverage opportunities in mid-market AI, which aligns with Carrier's strategy to expand its data center capabilities [6]. - Following the acquisition, Carrier will operate four data centers across three regions, enhancing its revenue base and expansion capacity [6]. Company Overview - Carrier Connect Data Solutions focuses on rolling up Tier II/III data centers internationally, providing co-location and data center solutions to various sectors, including AI companies and small businesses [7]. - The company operates in principal markets such as Vancouver, Canada, and Perth, Australia, serving clients with both primary and ancillary data center needs [7].
Ecolomondo Releases its Interim Consolidated Financial Statements for the Third Quarter of 2025
Thenewswire· 2025-11-28 14:00
Core Insights - Ecolomondo Corporation has made significant progress in ramping up its Hawkesbury Thermal Decomposition facility, achieving key milestones in production and sales of recovered carbon black (rCB) and tire-derived oil (TDO) [2][5][11] Financial Performance - For the three-month period ended September 30, 2025, Ecolomondo reported revenues of $415,192, a 263% increase compared to the same period in 2024, driven by sales of end-products and tipping fees [11] - The company generated record gross revenues of $224,175 in September 2025, marking a 325% increase over September 2024 [11] - Losses from operations totaled $1,773,919 for the quarter, an increase from a loss of $1,303,500 in the same period of 2024, primarily due to increased expenses related to ramp-up activities [11] Production and Sales Milestones - The Hawkesbury TDP facility has seen increased production output, performing 30 batches in October 2025, compared to 17, 33, and 29 in the previous three quarters [4] - The main off-take customer for rCB approved the quality of the product, leading to an initial order of 23 metric tons, followed by additional orders, indicating strong demand [3] - Sales of rCB reached $243,053 in Q3 2025, a remarkable increase of 2690% from $8,713 in the same period of 2024 [5] Strategic Developments - Ecolomondo appointed a new Chief Technology Officer, Mario Mantaci, to oversee technology development and optimization, focusing on the ramp-up of the Hawkesbury facility [6] - The company aims for full ramp-up of the facility by July 2026, with ongoing investments planned to enhance operations [13] Environmental Impact - The TDP process is expected to significantly reduce greenhouse gas emissions, with the Hawkesbury facility projected to cut CO2 emissions by 15,000 tons annually [17]
Hybrid Power Solutions announces Stocking Order from Dragonfly Energy
Thenewswire· 2025-11-28 13:35
Core Insights - Hybrid Power Solutions Inc. has received a stocking order from Dragonfly Energy Holdings Corp. to manufacture and supply portable power units under the Battle Born® brand, indicating a strong partnership in the clean energy sector [1][2][3] Company Overview - Hybrid Power Solutions is a Canadian innovator focused on fuel-free clean power solutions, specializing in portable power systems that eliminate the need for fossil fuels in off-grid and remote applications [4] Market Position and Demand - The order from Dragonfly Energy highlights Hybrid's growing momentum in the clean energy sector, particularly for applications in remote operations, emergency response, and sustainable infrastructure projects [2][3] - The company's portable power systems are gaining traction as reliable alternatives to diesel generators, driven by their rugged durability, rapid deployment, and zero-emission performance [2][3] Leadership Commentary - CEO Francois Byrne emphasized that the partnership with Dragonfly validates Hybrid's product platform and manufacturing scalability, enhancing production visibility and supply chain resilience [3] - The CEO noted that increasing demand from sectors such as AI data centers, transit fleets, and industrial microgrids positions Hybrid at the forefront of the clean power revolution [3] Strategic Focus - Hybrid Power Solutions is prioritizing North American manufacturing reshoring, cost discipline, and accelerated R&D to meet the rising global demand for resilient and scalable clean power solutions [3]
Global Energy Metals' Partner Metal Bank Ltd. Commences Fully Funded Drilling Program at the Millennium Copper Cobalt Graphite Gold Project, Australia
Thenewswire· 2025-11-28 13:00
Core Viewpoint - Global Energy Metals Corporation is advancing its Millennium Copper Cobalt Gold Graphite Project through a diamond drilling program funded by the Queensland Government, which aims to enhance the project's mineral resource estimates and economic viability [1][4][10]. Project Development - Metal Bank Ltd. has commenced diamond drilling at the Millennium Project as part of a AUD $250k Collaborative Exploration Initiative (CEI) program [1][4]. - The drilling targets high-grade near-surface extensions of previously announced graphite results and bulk metallurgical samples within the JORC2012 Mineral Resource Estimate of 8.4 million tonnes at 0.09% cobalt, 0.29% copper, and 0.12g/t gold [3][4]. - An application for an additional mining lease covering 159 hectares has been submitted to facilitate further exploration and operations for cobalt, copper, gold, and graphite resources [3][4]. Economic Impact - The granting of the new mining lease, which includes the Gap Zone, could positively impact the project's economics and the potential for moving towards production [4][10]. - Previous drilling results from the Gap Zone indicated strong mineralization continuity, with notable downhole results such as 23m at 0.48% copper, 0.16% cobalt, and 0.16g/t gold [6][10]. Strategic Positioning - Millennium is strategically located near other significant mining projects in Queensland, enhancing its potential for resource development [10][11]. - The project is positioned to benefit from the growing demand for graphite, particularly in the electric vehicle lithium-ion battery sector, where graphite is a key raw material [16][17]. Future Plans - The company plans to assess the graphite potential further through additional surface mapping, sampling, and metallurgical testing [17]. - Results from the current drilling program are expected in late January, and the company will keep stakeholders informed about the mining lease application progress [10].
Charbone Hydrogen Announces Q3 2025 Financial Results
Thenewswire· 2025-11-28 12:25
Core Insights - CHARBONE CORPORATION is focused on becoming a leader in clean Ultra High Purity hydrogen and industrial gases distribution in North America, with recent advancements in financial management and strategic partnerships [4][8]. Financial Performance - The net operating loss for Q3 2025 decreased by 17% to $577,159 from $697,894 in Q2 2025, attributed to tighter general and administrative expenses [6]. - Total income for the three-month period ending September 30, 2025, was $22,950, compared to $79,085 in the same period of 2024 [7]. - General and administrative expenses for Q3 2025 were $519,697, slightly up from $497,273 in Q3 2024 [7]. - The net loss for the three-month period was $719,240, compared to $609,263 in Q3 2024 [7]. Operational Developments - The construction of the Sorel-Tracy facility Phase 1A has been completed, with commissioning testing in progress and production of the first hydrogen molecule expected soon [2]. - CHARBONE has executed an offtake agreement with a US Tier One industrial gases producer and made its first delivery of helium in October 2025, marking the start of revenue generation from industrial gas distribution [6]. Strategic Initiatives - The company is actively structuring deals to finance further project investments and expansion, indicating a shift into execution mode to unlock growth potential [5]. - CHARBONE has completed the acquisition and reinstallation of operational hydrogen production and refueling equipment at its Sorel-Tracy site, enhancing its production capabilities [6].
Giant Mining Corp. Appoints John Percival as Non-Executive Chairman
Thenewswire· 2025-11-27 21:05
Core Viewpoint - Giant Mining Corp. has appointed Mr. John Percival as Non-Executive Chairman of the Board, aiming to enhance the company's visibility and investor reach in the mining sector [1][3]. Company Overview - Giant Mining focuses on identifying, acquiring, and advancing late-stage copper and copper/silver/gold projects to meet the growing global demand for critical metals, driven by initiatives like the Green New Deal [8]. - The company's flagship asset is the Majuba Hill Copper, Silver, and Gold District, located 156 miles (251 km) from Reno, Nevada, which has the potential to become a major copper deposit [9]. Leadership and Experience - Mr. Percival brings over five decades of global capital markets experience and has raised over $1 billion for public companies, particularly in the Australian mining sector [2][6]. - His previous role as General Manager of Investments with Barclays Bank New Zealand Ltd. involved managing over $450 million, showcasing his expertise in investment strategies [4][5]. - Currently, he serves as a Senior Consultant with Novus Capital Limited, enhancing Giant Mining's access to established Australian capital markets networks [5]. Market Context - The Australian mining markets have seen significant inflows in 2024 and 2025, driven by demand for copper, uranium, critical metals, and gold, making Australia a leading jurisdiction for junior and mid-tier mining financing [2]. - Mr. Percival's leadership is expected to support Giant Mining's strategy and outreach to the Australian mining investment community [7].
Grafton Resources Announces Closing of Non-Brokered Private Placement of Units
Thenewswire· 2025-11-27 19:05
Core Points - Grafton Resources Inc. has successfully closed a non-brokered private placement, raising gross proceeds of $2,400,000 through the issuance of 4,800,000 units at a price of $0.50 per unit [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.80 until November 27, 2027 [1][2] - The proceeds will be used for the acquisition of the Alicahue Copper Project in Chile, exploration activities, option payments, and general corporate purposes [2] Financial Details - The company paid finder's fees totaling $133,784 in cash and issued 267,568 finder's warrants, each allowing the purchase of one common share at $0.80 until November 27, 2027 [3] - The offering is subject to acceptance by the Canadian Securities Exchange and the securities issued are under a four-month hold period expiring on March 28, 2026 [3] Related Party Transactions - Clariden Capital Ltd., owned by J. Campbell Smyth, participated in the offering by purchasing 345,400 units for $172,700, constituting a related party transaction [4][6] - The company is exempt from formal valuation and minority shareholder approval requirements due to the insider participation not exceeding 25% of the company's market capitalization [4] Ownership Changes - Prior to the offering, J. Campbell Smyth owned approximately 13.73% of the company's common shares, which decreased to approximately 11.79% post-offering [7][8] - Mr. Smyth has no current intention to dispose of or acquire further securities of the company, although he may do so depending on market conditions [9]
[Video Enhanced] Dolly Varden Silver CEO Shawn Khunkhun Explains the Impact of the NYSE Listing
Thenewswire· 2025-11-27 17:25
Core Insights - Dolly Varden Silver has successfully listed on the NYSE American, enhancing access to a larger pool of investors and increasing shareholder value [2][3] - The company has achieved significant milestones, including raising $62 million, drilling 55,000 meters, and expanding its land package to over 100,000 hectares [2][6] - The share price appreciated by 62% in the six months following the US listing, although it has recently pulled back from $7 to $5.50 [3] Company Developments - The company has acquired three properties: Mountain Boy, Kinskuch, and Porter, which contribute to its extensive land holdings [2] - Dolly Varden Silver's market capitalization has grown from $20 million to approximately $600 million over five years, driven by aggressive drilling and strategic acquisitions [6] - Institutional ownership exceeds 50%, with corporate ownership at over 25%, indicating a concentrated share structure that may enhance performance [7] Market Context - The NYSE listing has provided direct access to US investors, significantly increasing marketing ROI and liquidity, with US trading volume being approximately 3.5 times higher than in Canada [5] - The current environment shows a doubling in silver prices, benefiting companies with a small public float like Dolly Varden Silver [7] - Canada ranks as the 3rd most appealing region for mining investment, highlighting the favorable conditions for the industry [10] Industry Impact - The mining sector in Canada contributes C$161 billion to GDP and accounts for 21% of total exports, emphasizing its importance to the economy [11] - The industry generates 700,000 direct and indirect jobs and is a significant employer of Indigenous people, fostering partnerships with Indigenous enterprises [11]