Thenewswire
Search documents
Silver Crown Royalties Announces Upsize Of Previously Announced Life Offering To $2.5m Led By Centurion One Capital And Filing Of Second Amended and Restated Offering Document
Thenewswire· 2025-09-25 21:50
Core Points - Silver Crown Royalties Inc. has announced an upsized private placement offering, increasing the number of units from 363,636 to 454,545 at an issue price of $5.50 per unit, aiming for gross proceeds of approximately $2,500,000 [1][5] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of a share at $8.25 for 36 months [2] - The offering is led by Centurion One Capital Corp. as the lead agent and sole bookrunner [3] Offering Details - The company has filed an amended offering document, which is accessible on SEDAR+ and the company's website [4] - An option for the lead agent to sell an additional 68,181 units is included, potentially raising an extra $375,000 [5] - The net proceeds from the offering are intended for purchasing additional royalties and general working capital [5] Insider Participation - Certain insiders and the lead agent may acquire up to 25% of the offering, which will be considered a related party transaction [6] - This participation is expected to be exempt from formal valuation and minority shareholder approval requirements [6] Closing and Regulatory Approvals - The offering is anticipated to close around October 3, 2025, subject to necessary approvals, including those from Cboe and shareholders [8] - The units will be offered through a private placement under specific exemptions from registration requirements in Canada and the U.S. [9]
Scandium Canada updates on its proprietary Aluminum-Scandium Alloys
Thenewswire· 2025-09-25 13:00
Core Insights - Scandium Canada Ltd. has confirmed advancements in aluminum-scandium (Al-Sc) alloys for additive manufacturing, specifically addressing the challenge of cracking in high-strength aluminum alloys [1][2] - The company has established a division, Scandium+, to focus on the commercialization of these alloys and engage with end-users [1][2] Group 1: Technological Advancements - The new Al-Sc alloys are designed for high-strength and lightweight applications in sectors like aerospace and automotive, promoting sustainability and energy efficiency [2][3] - The alloys maintain a grain-refining effect, allowing for significant reductions in scandium content while preventing hot cracking during laser powder-bed fusion (L-PBF) processing [3] - Testing has shown that the new alloys achieve relative densities above 99% under optimal conditions, indicating high component integrity [3] Group 2: Mechanical Properties - Ultimate tensile strengths (UTS) of the alloys range from approximately 330 to 380 MPa in the as-built state, with heat treatment increasing UTS by 17–25% [3] - The proprietary blending procedure minimizes defect density, significantly reducing microcracks and microporosity compared to previous generations of L-PBF aluminum alloys [3] Group 3: Intellectual Property and Commercialization - A new international patent application has been filed under the Patent Cooperation Treaty (PCT) to protect the innovations developed in partnership with McMaster University [4] - An ongoing study with Productique Quebec is assessing 10 short-term commercial opportunities for Scandium Canada's alloys, targeting various applications beyond L-PBF [5] Group 4: Company Overview - Scandium Canada aims to become a market leader in scandium by developing its Crater Lake mining project and focusing on the commercialization of Al-Sc alloys [6] - The Scandium+ division is dedicated to unlocking the potential of scandium through strategic partnerships and innovative technology [7]
Hybrid Power Solutions Partners with Tire Butler to Power Mobile Fleet
Thenewswire· 2025-09-25 12:30
Core Insights - Hybrid Power Solutions Inc. has partnered with Tire Butler, a leading mobile tire service provider in Canada, to utilize the Batt Pack Pro as the preferred power system for its fleet [1][3] - Tire Butler aims to replace traditional onboard generators with a cleaner, quieter, and more reliable power solution, which the Batt Pack Pro provides through its plug and play functionality and high surge power capacity [2][3] - The partnership emphasizes the growing demand for sustainable mobile services and positions both companies as leaders in the transition towards cleaner operational practices in the service and transportation industries [4] Company Overview - Tire Butler is recognized as North America's first premier at-home service provider for automotive goods and services, focusing on innovation, convenience, and trust [5] - The company offers a comprehensive range of services including tire swaps, storage, rotations, and balancing, catering to the needs of modern drivers [6] - Hybrid Power Solutions Inc. specializes in developing portable power systems aimed at eliminating fossil fuel dependency in off-grid applications, highlighting its commitment to environmental responsibility and technological innovation [7]
NexMetals Hits Multiple 200-Meter Intercepts of High-Grade Mineralization at the Selkirk Project in Botswana
Thenewswire· 2025-09-25 12:30
Core Insights - NexMetals Mining (NEXM) has released assay results from two additional drill holes in its metallurgical drilling program at the Selkirk Mine in Botswana, indicating significant mineralization and potential for resource expansion [1][3][8] Company Overview - NexMetals Mining acquired the Selkirk Mine in August 2022 and has been focused on de-risking the project to support future development decisions [3] - The Selkirk Mine is a past-producing copper-nickel-cobalt-platinum group elements mine located in Botswana, 28 kilometers southeast of Francistown [2] Drilling Program Results - The 12-hole drill program aimed to collect samples for metallurgical testing and validate legacy data, with the latest results showing wide intervals of continuous mineralization [3][8] - Notable results include drill hole SMET-25-004, which returned 210.00 meters of 1.06% CuEq, and drill hole SMET-25-001, which showed 45.00 meters of 0.69% CuEq [3][4][8] Mineral Resource Estimate - The current cut-off for the mineral resource estimate (MRE) is set at US$25.00 per tonne net smelter return, translating to 0.46% CuEq, indicating that any material above this cut-off could be mined [7][10] - The technical report revealed inferred mineral resources of 44.2 million tonnes at 0.30% copper, 0.24% nickel, 0.55 g/t palladium, and 0.12 g/t platinum, containing significant quantities of copper and nickel [10] Market Context - The demand for critical metals, particularly copper, has surged due to the green energy transformation, with copper prices increasing by 92% over the last five years [21] - Botswana is looking to diversify its economy beyond diamonds, with copper production being a key focus for economic diversification [18][19] Future Catalysts - Upcoming catalysts for NexMetals Mining include resource expansion, metallurgical results, and optimization efforts, which are expected to unlock the full value and long-term potential of the Selkirk mine [8][16]
New Age Metals Announces $3,500,000 Financing with Additional Investment from Eric Sprott
Thenewswire· 2025-09-25 12:30
Core Viewpoint - New Age Metals Inc. is initiating a non-brokered private placement offering to raise up to $3,500,000, with significant participation from major shareholder Eric Sprott [1][2][5]. Group 1: Private Placement Details - The private placement consists of up to $2,300,000 in units priced at $0.22 each and up to $1,200,000 in flow-through units priced at $0.26 each [1]. - Each unit includes one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.40 for up to 36 months [2]. - Each flow-through unit consists of one common share qualifying as a flow-through share and one-half of a flow-through unit warrant, with similar warrant terms as the standard units [3]. Group 2: Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration and development of projects in Newfoundland, Ontario, or Manitoba, while proceeds from the standard units will be used for exploration and general working capital [4]. Group 3: Management and Strategic Outlook - The Chairman & CEO expressed confidence that the investment from Sprott and new mining funds will support the development of existing projects and facilitate aggressive acquisition strategies [5]. - The company is actively seeking new mineral acquisition opportunities internationally and aims to partner with major and junior mining companies [16]. Group 4: Company Overview - New Age Metals is focused on the exploration and development of critical green metal projects in North America, with divisions in Platinum Group Elements, Lithium/Rare Elements, and Antimony-Gold [8]. - The company holds significant projects, including the River Valley Project, one of North America's largest undeveloped Platinum Group Element projects, and a substantial lithium claim in the Winnipeg River Pegmatite Field [9][10].
Hi-View Resources Announces Induced Polarization Survey on Flagship Golden Stranger Project
Thenewswire· 2025-09-25 12:30
VANCOUVER, BRITISH COLUMBIA – TheNewswire - SEPTEMBER 25th, 2025 – HI-VIEW RESOURCES INC. (“Hi-View” or the “Company”) (CSE: HVW; OTCQB: HVWRF; FSE: B63) has engaged Peter E. Walcott & Associates to conduct a comprehensive ground induced polarization (IP) survey at its flagship Golden Stranger Project. Preparations are in progress, with field work set to commence this week. The survey will consist of approximately four 2-kilometer lines, spaced 400 meters apart, covering a total of about 8 kilometers of de ...
Blue Lagoon Receives First Delivery of Blasting Material at Dome Mountain, Underground Mining Commences
Thenewswire· 2025-09-25 12:05
Core Viewpoint - Blue Lagoon Resources Inc. has officially commenced mining operations at the Dome Mountain Gold Project, marking a significant milestone in its transition to production [1][2][3]. Company Developments - The company has received its first delivery of blasting material and completed its first underground blast, initiating active mining operations [2][3]. - The Dome Mountain Gold Project is one of only nine mining projects in British Columbia to have received a mining permit since 2015, highlighting its regulatory approval [2][6]. - The company aims to generate near-term cash flow while exploring the district-scale potential of Dome Mountain without further dilution [3][6]. Operational Readiness - The recent commissioning of a state-of-the-art Water Treatment Plant at Dome Mountain can treat up to 400 liters per minute, exceeding current regulatory requirements [4]. - Underground development will initially focus on accessing high-grade zones identified through prior drilling and sampling [3]. Strategic Focus - Blue Lagoon Resources is committed to becoming a cash-flowing mining company, delivering value to shareholders and local communities [6]. - The production decision at Dome Mountain is based on existing mining infrastructure and established mineral resources, rather than a feasibility study [7].
REV Exploration Advances JMW Gold Property Toward Drill Stage and Adds Board Member
Thenewswire· 2025-09-25 12:00
Core Insights - REV Exploration Corp. is advancing its JMW Property in the Chapais-Chibougamau Gold Camp of Northern Quebec, which is near IAMGOLD's significant Nelligan deposit, indicating strong exploration potential [1][2] Company Updates - The company is progressing with permitting initiatives for JMW, including applications for a drill permit and a Forest Intervention Permit, targeting 32 drill pads based on geochemical sampling results [6] - Interim CFO Paul Larkin has stepped down, while Jeremy Polmear has been appointed as the new CFO, bringing over a decade of financial management experience [3][7][8] - Sam Hartmann has joined the Board of Directors, contributing over 15 years of experience in mineral exploration and project management [10][11] Exploration and Financial Strategy - The company is focusing on its financial strategy and compliance functions under the new CFO, supporting growth and exploration initiatives in the Chapais-Chibougamau Gold Camp and the Aden Dome project in Alberta [9][13] - The JMW Property is highlighted as an advanced prospect with nearly three dozen historical drill holes, suggesting significant exploration potential [1][2]
Armory Mining Names Security Expert Phil Lancaster To Its Advisory Committee
Thenewswire· 2025-09-25 12:00
Core Insights - Armory Mining Corp. has appointed Phil Lancaster to its Advisory Team, enhancing its expertise in the security and defense sectors [1][5] - Lancaster brings over 22 years of experience in British law enforcement and diplomatic service, with a focus on VIP protection and international policing initiatives [2][3] - The company is strategically positioned to benefit from the increasing demand for critical minerals, particularly in light of the U.S. National Defense initiative to secure domestic antimony supply [6][7] Company Overview - Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security, and defense sectors [8] - The company holds an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek and Ammo antimony-gold projects located in British Columbia and Nova Scotia, respectively [8] Industry Context - The U.S. National Defense initiative has recently secured a contract worth up to US $245 million for antimony ingots, indicating a strong governmental push towards securing domestic supply chains for critical materials [5][6] - Geopolitical stress is driving the need for critical metals and materials to be sourced and developed within friendly jurisdictions, highlighting the importance of ethical supply chains [6][7]
Grid Battery Announces the Completion of the Second Phase of its 2025 Fall Exploration Program on its Gold-Copper Property
Thenewswire· 2025-09-25 11:30
Core Viewpoint - Grid Battery Metals Inc. has completed the second phase of its fall exploration program on its Gold-Copper mineral project in Central British Columbia, focusing on the Jupiter and Starlight claim blocks, which are considered high-priority targets for further exploration [1][4][13]. Exploration Program Details - The 2025 exploration program aimed to evaluate the "Work Area 15" target, identified as a high-priority geochemical anomaly from previous work, with a focus on geological context and rationale [4][5]. - The program included detailed prospecting and rock sampling on the ridge-top anomaly and first-pass soil and rock sampling in the cirque basin below Work Area 15 [6]. Jupiter Claim Block Findings - In the Jupiter Claim Block, additional work involved collecting 25 B-horizon soil samples, silt, and rock samples, with the area containing outcrops of phyllite hosting numerous quartz veins [3][4]. - The exploration targeted a high-priority geochemical anomaly with significant values in pathfinder elements such as Ag, Cu, Mn, and Pb, identified in a previous exploration program [4]. Starlight Claim Block Findings - At the Starlight Claim Block, reconnaissance prospecting and sampling resulted in the collection of 72 rock samples and 24 soil samples, confirming the presence of various intrusive rocks and styles of alteration [11]. - Observations of copper mineralization included malachite, chalcocite, bornite, and chalcopyrite, often associated with altered intrusive rocks [11]. Strategic Positioning - The company's land package is strategically located near several promising projects in British Columbia, including the Mount Milligan mine, which has produced over 1.8 million ounces of gold and 742 million pounds of copper [13][17]. - The region is recognized for its mining-friendly jurisdiction and good infrastructure, making it an attractive area for exploration [13]. Future Plans - The company expects assay results by the end of fall 2025 and plans to devise next exploration steps based on these results [13].