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Emergent Metals Corp. To Sell Its Golden Arrow Property To Fairchild Gold
Thenewswire· 2025-09-29 20:40
Core Viewpoint - Emergent Metals Corp. has signed a Memorandum of Understanding to sell its Golden Arrow Property to Fairchild Gold, which includes cash payments, common shares, a senior secured note, and a royalty interest, aiming to monetize the asset in various timeframes [1][6]. Transaction Details - The transaction involves a non-refundable deposit of US$250,000 upon signing the MOU and an additional US$350,000 upon approval by the Toronto Venture Exchange [3]. - Fairchild will issue 12,500,000 common shares to Emergent, ensuring Emergent's ownership remains below 9.9% of Fairchild's outstanding shares [2]. - A Senior Secured Note will be issued with a principal amount of US$3,500,000, a term of five years, and an interest rate of 8.5% per annum, payable semi-annually [4]. Royalty and Additional Terms - Emergent retains a 0.5% net smelter return royalty on the Golden Arrow Property, with options for Fairchild to acquire the royalty at US$1,000,000 before the fourth anniversary or US$1,500,000 between the fourth and seventh anniversaries [5]. - Fairchild will also be responsible for various costs related to the property after the Definitive Agreement is signed, including maintenance fees and property taxes [5]. Strategic Implications - The transaction is seen as a way for Emergent to receive immediate cash and shares, ongoing interest payments, and potential long-term benefits from the royalty [6]. - Emergent's management believes that Fairchild is well-positioned to advance the Golden Arrow Property towards production, capitalizing on favorable market conditions for metals [6].
Lexaria Bioscience Corp. Announces Closing of $4.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Thenewswire· 2025-09-29 20:30
Core Points - Lexaria Bioscience Corp. has closed a registered direct offering of 2,666,667 shares at a price of $1.50 per share, raising approximately $4.0 million before expenses [1][3] - The company also issued unregistered warrants for the purchase of an equal number of shares at an exercise price of $1.37, which are immediately exercisable and expire in five years [1][2] - The financing aims to enhance Lexaria's options for its 2026 R&D and business development plans, focusing on executing research initiatives that drive intellectual property and shareholder value [2] Financial Details - The gross proceeds from the offering were approximately $4.0 million, which will be used for working capital and general corporate purposes [3] - The shares were offered under a "shelf" registration statement effective since January 30, 2025, and the offering was conducted in compliance with SEC regulations [4] Warrants and Securities - The warrants were issued in a private placement and are not registered under the Securities Act, limiting their sale in the U.S. without an effective registration statement [5] - The company emphasizes that the offering does not constitute an offer to sell or solicit any offers to buy the securities in jurisdictions where such actions would be unlawful [6] Technology and Intellectual Property - Lexaria's DehydraTECH™ platform enhances drug delivery through oral administration, improving bio-absorption and reducing side effects [7] - The company holds a robust intellectual property portfolio with 50 patents granted and additional patents pending worldwide [7]
TSX-V: TT Revises LIFE Offering and Private Placement
Thenewswire· 2025-09-29 15:00
Core Points - Total Metals Corp. has revised the terms of its listed issuer financing offering (LIFE Offering) and concurrent private placement [1] - The LIFE Offering aims to raise between $8 million and $8.7 million through the issuance of 13,333,333 to 14,500,000 units, each consisting of one common share and one warrant [2] - The Private Placement is set to raise up to $1.3 million through the issuance of at least 2,166,666 units, also consisting of one common share and one warrant [3] Financing Details - The LIFE Offering will have a minimum financing of $8,000,000 and a maximum of $8,700,000, with each LIFE Warrant exercisable at $1.00 for 36 months after issuance [2] - The Private Placement will consist of a non-brokered financing of up to $1,300,000, with each Non-LIFE Warrant exercisable at $0.90 for 36 months [3] Company Overview - Total Metals Corp. focuses on the acquisition, exploration, and development of mineral properties in the Red Lake mining district of Northern Ontario, Canada [5] - The company owns 100% of the Electrolode Project, covering 3,000 contiguous hectares, which has significant historical drilling and modern airborne geophysics [5] - The Electrolode Project targets high-potential mineral resources in three favorable geologic trends and is strategically located near major mines [5]
Exploration Update at the Buen Retiro and Caballos Copper Projects, Chile
Thenewswire· 2025-09-29 13:15
Vancouver, British Columbia – September 29, 2025 – TheNewswire - Fitzroy Minerals Inc. (TSXV: FTZ, OTCQB: FTZFF) (“Fitzroy” or the “Company”) is pleased to provide an update on exploration progress at its Buen Retiro and Caballos copper projects (the “Copper Projects”) in northern Chile. At Buen Retiro, recent diamond drilling (holes 28 to 351) has extended the zone of continuous mineralization in the Southwest Area to 1.4 km, representing a ~40% increase from the 985 m previously reported. Copper minerali ...
WesCan Energy Corp. Announces Successful Startup and Steady Production Growth at Provost Well
Thenewswire· 2025-09-29 13:00
Core Insights - WesCan Energy Corp. has successfully established commercially economic production from its recently drilled Provost well, marking a significant milestone in asset development [1][3] - The company has improved operational reliability and production handling capacity through a successful battery turnaround in the Provost area [2] - The production rates for oil and gas have shown a positive trend, with the company planning to monitor and optimize performance while advancing additional drilling targets [3] Production Performance - Oil production increased from 6 m³/day (~38 bop/d) at startup to over 14 m³/day (~88 bop/d) mid-month, peaking at 16.4 m³/day (~103 bop/d) [6] - Gas production rose steadily, exceeding 1.0 e³m³/day (~35.3 Mcf/d) by the third week of September [6] - Corporate production now averages approximately 32.77 m³/day (~200 bop/d) of oil and 5.36 e³m³/day (~190 Mcf/d) of natural gas for a combined total of 232 boe/d [6] Operational Challenges and Solutions - The operations team effectively addressed early-stage challenges, including fluid hauling, foamy oil, and tank level controls, ensuring safe and efficient performance [2] - Water cut improved to an average of ~65% mid-month, with signs of further stabilization [6] - Consistent pump rates and strong fluid-handling capacity have contributed to operational stability [6] Company Overview - WesCan Energy Corp. is focused on the sustainable development of high-quality resource plays in Western Canada, committed to operational excellence and long-term shareholder value [4]
Element79 Gold Corp. to Showcase Nevada Focus and Growth Strategy at Munich Rohstoffmesse 2025
Thenewswire· 2025-09-29 13:00
Core Insights - Element79 Gold Corp. will attend the Munich Rohstoffmesse (Raw Materials Conference) on October 3rd-4th, 2025, to engage with European investors [1][4]. Group 1: Event Details - The Munich Commodity Fair is expected to attract over 1,500 participants, including private investors, fund and asset managers, family offices, and institutional investors from Europe [2]. - Registration for the event is free for investors, and tickets can be requested online [3]. Group 2: Company Overview - Element79 Gold Corp. is focused on the exploration and development of high-potential gold projects, primarily in Nevada, with key projects including Gold Mountain and Elephant Projects [5]. - The company is also advancing its high-grade Lucero Project in southern Peru, aiming for long-term exploration growth [5].
Lite Access Completes Acquisition of Ironman
Thenewswire· 2025-09-29 12:30
Core Viewpoint - Lite Access Technologies Inc. has successfully completed the acquisition of Ironman Directional Drilling, changing its name to Ironman International Ltd. and will begin trading under the new symbol "IMI" on October 1, 2025 [1]. Transaction Details - The acquisition involved the purchase of all issued and outstanding shares of Ironman Parties for a total consideration of 85,392,538 common shares, $6,000,000 in cash, and a working capital adjustment payment of approximately $14,000,000 [2]. - The cash consideration will be paid in equal installments of $1,200,000 over 60 months, starting 12 months from the closing date [2]. - The working capital adjustment payment will also be made in equal installments over the same period [2]. Share Ownership Restructuring - Prior to the acquisition, a restructuring transaction was conducted, resulting in the issuance of consideration shares to key individuals, including 38,426,642 shares to Michael Irmen and 38,143,484 shares to 599837 B.C. Ltd. [3]. Security Agreements - The company has entered into guarantees and security agreements to secure the payment of cash and working capital adjustment payments, with interest on the latter calculated at 8% per annum [4]. Lock-Up Agreement - A lock-up agreement restricts the resale of consideration shares, with 10% released at closing and 15% released every six months thereafter [5]. Management Changes - Following the acquisition, Mike Irmen has been appointed as CEO, and three new directors have been added to the board, while Mark Tommasi and Alex McAulay have resigned [7]. Name Change - The company has officially changed its name to Ironman International Ltd., with a new CUSIP number and ISIN, and existing shareholders will not need to take any action regarding this change [8]. Related Party Transaction - The acquisition is classified as a related party transaction, with shareholders approving it in accordance with relevant regulations [9]. Early Warning Disclosure - Prior to the acquisition, Michael Irmen held 800,000 common shares, and after the acquisition, he beneficially owned 79,635,566 shares, representing 46.12% of the issued shares on a non-diluted basis [10][12].
Blue Lagoon Extends Milling Agreement with Nicola Mining to 10 Years, Securing Long-Term Processing of Dome Mountain Mineralized Material
Thenewswire· 2025-09-29 12:30
Core Viewpoint - Blue Lagoon Resources Inc. has signed a 10-year amended and restated Mining and Milling Partnership agreement with Nicola Mining Inc., securing a long-term processing solution for its Dome Mountain Gold Project, which is expected to enhance production capabilities and cash flow [1][2][3]. Group 1: Partnership Agreement - The new agreement extends the partnership with Nicola Mining for 10 years, ensuring priority access to mill capacity for Dome Mountain's mineralized material [1][2]. - Nicola Mining operates a fully permitted mill and is also an equity shareholder in Blue Lagoon, reinforcing the strategic alignment between the two companies [2][3]. - The partnership is further supported by a previously announced $2 million unsecured line of credit from Nicola to Blue Lagoon, indicating strong mutual confidence [2][3]. Group 2: Production Readiness - The agreement is seen as a critical step for Blue Lagoon in transitioning from development to production, providing a reliable pathway for processing and concentrate sales [3]. - Recent milestones at Dome Mountain include the commissioning of a water treatment plant and the commencement of underground blasting and mining operations, showcasing the company's readiness for production [3][6]. - First gold sales are targeted for Q4 2025, with plans to reinvest cash flow into further exploration starting in H1 2026 [6]. Group 3: Company Overview - Blue Lagoon Resources is a Canadian-based mining company focused on advancing its 100% owned Dome Mountain Gold Project in British Columbia [5]. - The company has achieved significant milestones, including the granting of a full mining permit, one of only nine issued in British Columbia since 2015 [6]. - Blue Lagoon aims to become a profitable gold producer while maintaining a commitment to sustainability and community engagement [7].
King Global Ventures Mobilizes Drilling for Phase 2 Drill Program South of the Historic Howard Copper Mine
Thenewswire· 2025-09-29 12:15
Core Insights - King Global Ventures Inc. has initiated its Phase II diamond drilling program at the Howard Copper Project in Arizona, targeting approximately 7,000 to 9,000 feet across nine drill holes to explore newly identified geophysical anomalies [1][2][3] Exploration Program Summary - The Phase II program aims to follow up on Phase I results, focusing on three large gravity anomalies identified through inversion modeling by ALS Geoanalytics in Q3 2025, which trend NNW-SSE and lie within untested volcanic-sedimentary units [3] - The Phase I drilling confirmed the presence of two distinct volcanogenic massive sulphide (VMS) mineralized horizons, indicating potential for further mineralization at depth and along strike to the south [2][3] Preparatory Work - Prior to drilling, King Global conducted an integrated exploration program that included an extended ground gravity survey, a ground electromagnetic survey to detect sulphide-related conductors, detailed geological mapping, and systematic soil geochemistry to target surface expressions of concealed mineralization [4] Company Overview - King Global Ventures focuses on the exploration of precious and base metals in North America, with the Black Canyon Project in Yavapai County covering 4,003 acres and including 15 former operating mines, notably the Howard Copper Mine [5][7] - The Howard Copper Mine, discovered in the early 1920s, has a historical focus on high-grade copper, with the main shaft reaching a depth of 900 feet, although no ore was mined below 500 feet [8]
SuperQ Quantum Signs Partnership Agreement with The Alliance of Bioversity International and CIAT to Solve World's Food Challenges
Thenewswire· 2025-09-29 12:00
Core Perspective - SuperQ Quantum Computing Inc. has announced a strategic collaboration with the Alliance of Bioversity International and CIAT to apply quantum and supercomputing technology to agricultural research and plant breeding, formalized through a five-year Memorandum of Understanding (MOU) aimed at enhancing global food resilience and security [1][2]. Collaboration Focus - The initial focus of the collaboration will be on developing quantum-enhanced pipelines to accelerate resistance breeding against major crop diseases, such as rice blast, to protect global food supplies [2]. - The partnership aims to significantly speed up the discovery and development of disease-resistant crops, supporting the CGIAR Genetic Innovation Initiative [2]. Objectives of the Collaboration - The MOU outlines key objectives including the co-development of specialized quantum algorithms for gene regulatory networks, genomics, and multi-omics integration in crop breeding [3][7]. - SuperQ will provide training programs for the Alliance and CGIAR teams to enhance their skills in applying quantum computing to agricultural research [7]. - A pilot project will focus on rice blast resistance before expanding to other crops within the CGIAR network [7]. - Both organizations will engage in knowledge exchange through joint publications and conferences to benefit the wider scientific community [7]. Company Mission and Vision - SuperQ aims to democratize quantum technology and address real-world challenges, emphasizing the importance of making quantum technology accessible for social good [4]. - The company is positioning itself as a leader in quantum and supercomputing-powered problem-solving, targeting various sectors including finance, healthcare, and logistics [8][9].