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DeepMarkit Announces LOI to Acquire Prospect Prediction Markets and Concurrent Private Placement
Thenewswire· 2025-09-16 16:45
Core Viewpoint - DeepMarkit Corp. has entered into a non-binding letter of intent to acquire all outstanding shares of Prospect Prediction Markets Inc., subject to conditions including approval from the TSX Venture Exchange [1][7]. Group 1: Transaction Overview - The transaction involves a share purchase or exchange, with each Prospect common share being exchanged for approximately 16.67 Common Shares of DeepMarkit, resulting in a total of about 10,000,000 Common Shares being issued [3]. - The total valuation for Prospect is approximately $600,000, with each Consideration Share priced at $0.06 [3]. - The transaction is expected to be classified as a "Fundamental Acquisition" under Exchange Policy 5.3 and will be subject to Exchange review [7]. Group 2: Business of Prospect - Prospect is a private company focused on developing fantasy sports software, utilizing a free-to-play prediction market platform and a proprietary ranking-style algorithm on the Avalanche blockchain [2]. Group 3: Post-Transaction Structure - Following the transaction, Prospect will have the right to nominate one director to DeepMarkit's board, and Trevor Broad, the CEO of Prospect, will become the Chief Technology Officer of DeepMarkit [4]. - After the transaction and a concurrent private placement, Prospect's shareholders will own approximately 17.18% of DeepMarkit [5]. Group 4: Private Placement Details - DeepMarkit plans to conduct a non-brokered private placement of up to 36,000,000 Common Shares at $0.06 per share, with no minimum offering size [8]. - The net proceeds from the private placement will be used for initial payments to Prospect Labs Inc., business development, and general corporate purposes [9].
Terra Clean Energy Corp. Announces Agreement to Earn 100% Interest in 75 Past Producing Uranium Claims on The San Rafael Swell, Utah, United States
Thenewswire· 2025-09-16 16:35
Core Viewpoint - Terra Clean Energy Corp. is set to acquire up to a 100% interest in 75 uranium claims located in Emery County, Utah, which is expected to enhance the company's portfolio with a low-risk uranium project [1][2]. Transaction Highlights - The acquisition includes two claim groups: Wheal Anne Claims and Green Vein Mesa Claims, both situated in a historically significant uranium district in the USA [4][5]. - The transaction is designed to optimize exploration programs through a staged earn-in structure, allowing the company to gradually increase its interest in the claims [7][17][18]. Rationale Behind the Acquisition - The claims are located in an area with a history of uranium production, and the company believes there is additional minable uranium present [4][5]. - The acquisition aligns with recent U.S. government policies aimed at boosting nuclear power and uranium mining activities [4][5]. Project Overview - The San Rafael Swell is a prominent uranium mining district in east-central Utah, with historical production occurring from the late 1940s to the 1970s [5][6]. - The geological formations in the area are known to host uranium, with significant potential for further exploration and development [6][8]. Claim Details - The Wheal Anne Claim Group covers approximately 130 hectares and includes the former Lucky Strike Mine, which produced over 10,000 tons of ore with a grade of 0.22% U3O8 [7][8]. - The Green Vein Mesa Claim Group encompasses around 300 hectares and includes several past-producing mines, with local samples reportedly reaching up to 1% U3O8 [8]. Financial Structure of the Acquisition - For the Wheal Anne Claims, the company will make cash payments totaling USD$260,000, issue 2,500,000 common shares, and incur exploration expenditures of USD$200,000 over five years to earn a 100% interest [17]. - For the Green Vein Mesa Claims, the company will make cash payments totaling USD$100,000, issue 1,250,000 common shares, and incur exploration expenditures of USD$66,667 over five years to earn a 100% interest [18]. Regulatory Approvals - The agreements for the acquisition are subject to regulatory approvals, including those from the Canadian Securities Exchange [20].
Ocumetics Completes One-Month Postoperative Examinations - Results Pending
Thenewswire· 2025-09-16 13:00
Core Insights - Ocumetics Technology Corp. has completed one-month postoperative examinations of the first patients implanted with the Ocumetics Accommodating Intraocular Lens in Mexico City on August 15, 2025 [1][2] - The company is currently focusing on Group 1 patients, with surgeries for the second and final day scheduled for September 24, 2025 [3] - The clinical protocol is designed to evaluate safety, distance vision correction, product handling, and near reading ability [7] Company Overview - Ocumetics Technology Corp. is a Canadian research and product development company dedicated to advanced vision correction solutions aimed at enhancing patient quality of life [4] - The company is in the preclinical study phase of a new intraocular lens technology that may eliminate the need for corrective lenses by allowing natural muscle activity to shift focus [5]
New Age Metals Announces Farid Mammadov as Vice President of Investor Relations
Thenewswire· 2025-09-16 12:35
Core Insights - New Age Metals Inc. has entered into an Amended Investor Relations Employment Agreement with Farid Mammadov, extending his role for an additional 12 months and appointing him as Vice President of Investor Relations [1][2] - The company will pay Mr. Mammadov a monthly fee of $6,250, and he currently holds 250,000 stock options [2] Company Overview - New Age Metals is a junior mineral exploration and development company focused on critical green metal projects in North America, with three divisions: Platinum Group Element, Lithium/Rare Element, and Antimony-Gold [3] - The PGE Division includes the River Valley Project, one of North America's largest undeveloped Platinum Group Element projects, and the Genesis PGE-Cu-Ni Project in Alaska [4] - The Lithium Division is exploring hard rock lithium and rare elements in the Winnipeg River Pegmatite Field, in partnership with Mineral Resources Ltd. [5] - The Antimony-Gold division spans over 19,800 hectares in Newfoundland, with recent approvals under the Junior Exploration Assistance Program [8] Recent Developments - A $1.5 million NSERC Alliance grant was awarded for research focused on advancing Canada's critical metals sector, with approximately $107,000 planned for New Age's properties in 2025 [6] - The company is also supporting a $180,000 Mitacs research grant, contributing $90,000 to a partnership with the University of New Brunswick and the University of British Columbia [7] - New Age Metals announced an investment in MetalQuest Mining, holding approximately 12.79% of the company, which is developing a significant iron ore project [9][10] Strategic Initiatives - The company is actively seeking new mineral acquisition opportunities internationally and aims to option projects with major and junior mining companies [11]
Hybrid receives Order for Batt Pack Jupiters from Major Transit Operator and Signs Sales Agent Agreement with BC-based Groovy Energy
Thenewswire· 2025-09-16 12:31
Core Insights - Hybrid Power Solutions Inc. has received a third order for two Batt Pack Jupiter high-performance portable power systems from a major transit operator, emphasizing the product's reliability, efficiency, and sustainability [1] - The company has entered into a sales agent agreement with Groovy Energy Ltd., allowing Groovy to market and distribute Hybrid's fuel-free power products across British Columbia, enhancing access to clean energy solutions [2] - Groovy Energy, led by Jodine Baluk, aims to leverage Hybrid's technology to drive cost savings and improve health outcomes across various sectors, including mining, construction, and healthcare [3] Product Features - The Batt Pack Jupiter offers a continuous output of 7,000W and a surge capacity of 12,000W, enabling it to power multiple heavy-duty equipment simultaneously [5] - It operates effectively in extreme temperatures ranging from -20°C to 45°C, showcasing advanced thermal management [5] - The system is solar-compatible, integrating with existing panel arrays up to 800W, promoting renewable energy use [5] - The zero maintenance design eliminates the need for fuel, oil, or engine servicing, significantly reducing operational costs compared to diesel generators [5] - The product promises a rapid return on investment through fuel savings and lower upkeep, particularly when combined with solar or wind energy [5] Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian Securities Exchange under the symbol "HPSS," focusing on portable power systems that eliminate fossil fuel dependency [4]
Ares Strategic Mining Discovers High-Value Germanium in Addition to Gallium in its Fluorspar Ore
Thenewswire· 2025-09-16 12:10
Core Insights - Ares Strategic Mining Inc. has reported a significant breakthrough in its materials analysis program, confirming the presence of germanium and gallium in its fluorspar ore samples from the Spor Mountain Project in Utah [1][4]. Company Overview - Ares Strategic Mining Inc. focuses on developing fluorspar projects in the U.S. and aims to become a major supplier of high-grade fluorspar to North American markets, supporting industries essential for modern technology and infrastructure [6]. Mineral Discovery - The analysis conducted in partnership with Iowa State University and Ames National Laboratory revealed germanium concentrations of 0.15% (1,500 ppm) and 0.05% (500 ppm) in two of the seven samples tested, with low error margins [3]. - The presence of both germanium and gallium is significant as they are classified as critical minerals on the U.S. supply risk list [4]. Strategic Development Plans - Following the successful proof-of-concept testing, the company plans to continue advanced laboratory characterization to quantify germanium and gallium concentrations across additional batches [7]. - Ares will also explore commercial pathways for extracting and recovering these materials alongside fluorspar and evaluate potential economic co-products and vertical integration opportunities [7]. Commitment to Supply Chain Resiliency - The initiative is part of Ares' broader commitment to maximize resource value and contribute to the domestic supply chain resiliency for critical materials in the United States [5].
Western Star Resources Signs MOU with The Real American Corp to Advance U.S. Expansion Strategy
Thenewswire· 2025-09-16 12:00
Core Viewpoint - Western Star Resources Inc. has signed a Memorandum of Understanding (MOU) with The Real American Corp to enhance its presence in the U.S. mining sector, focusing on strategic minerals, particularly Tungsten [1][2][3]. Group 1: Partnership and Growth Strategy - The partnership with The Real American Corp is a significant milestone in Western Star's long-term growth strategy, aimed at building a substantial land bank of strategic mineral assets [2]. - This collaboration aligns Western Star with U.S. national priorities regarding critical minerals, which are essential for defense, clean energy, and high technology sectors [3]. Group 2: Local Expertise and Industry Engagement - Through the MOU, Western Star will leverage The Real American's local expertise to drive operational growth and create long-term value for shareholders [4]. - To strengthen its relationships in Nevada, Western Star plans to apply for membership in the Nevada Mining Association (NVMA), which will provide access to the state's mining supply chain and industry networks [5]. Group 3: Company Overview - Western Star Resources is a mineral exploration and development company focused on increasing shareholder value through cost-effective exploration practices and strategic partnerships [6]. - The company currently owns nine non-surveyed contiguous mineral claims totaling 4,797 hectares in British Columbia [6].
Adamera Expands Glix Prospect on the South Hedley Gold Property
Thenewswire· 2025-09-16 11:30
Vancouver, British Columbia – TheNewswire - September 16, 2025 – Adamera Minerals Corp. (TSX-V: ADZ; OTC: DDNFF) ("Adamera" or the "Company") continues to expand the Glix Prospect and has identified several additional soil samples with anomalous gold values ranging from 24 to 4,283 ppb* (4.3 g/t) gold. A follow up sampling and prospecting program is underway and geophysical surveys are being planned for the Glix area. The Glix prospect is located on the Company’s 100% owned South Hedley claims in British C ...
Generation Uranium Announces European Road Show With High Net Worth Investors
Thenewswire· 2025-09-16 11:30
Core Viewpoint - Generation Uranium Inc. has initiated a three-day European road show to present its Yath Uranium Project to over 75 high-net-worth investors and institutional funds, aiming to enhance shareholder awareness and visibility in global capital markets [1][2]. Company Overview - Generation Uranium Inc. is focused on the exploration and development of mineral properties, holding a 100% interest in the Yath Uranium Project located in Nunavut, Canada [9]. Yath Uranium Project - The Yath Uranium Project is strategically situated in Nunavut, an emerging uranium jurisdiction, and is believed to cover the western extension of the Lac 50 trend, which has a historical resource of 43 million pounds U₃O₈ [3]. - The Lac 50 deposit was acquired by Atha Energy Corp. for $64.7 million in an all-share transaction, highlighting the area's value potential [3]. - Previous exploration phases at Yath have consistently returned high uranium grades, with notable results including 1.0 m at 0.224% U₃O₈ and chip samples showing up to 6.7% U₃O₈ [4][6]. Market Context - There is a growing international interest in uranium, driven by the recognition of nuclear power's role in the clean energy transition, which has led to increased investor appetite [7].
Opawica Exploration Inc Announces Company Update on the Bazooka Property
Thenewswire· 2025-09-16 11:30
Core Insights - Opawica Explorations Inc. provides an update on the Bazooka Property, highlighting its location on the Cadillac-Larder Lake Fault, a significant gold deposit area in the southern Abitibi greenstone belt [1][2]. Group 1: Property Overview - The Bazooka Project spans 1,371 hectares and is entirely owned by the company, situated along the Cadillac/Larder Lake fault zone, which extends over 100 kilometers [2]. - The company controls seven kilometers of the Cadillac-Larder Lake Fault within the Bazooka Property, with recent drilling revealing 19 gold mineralized zones, 15 of which have grades exceeding 0.55 g/t, reaching up to 6.12 g/t Au [3]. Group 2: Exploration and Drilling Results - The eastern section of the property has shown promising results, with core lengths greater than 10 meters, some reaching up to 67.9 meters, and four larger intercepts exceeding 0.84 g/t Au [3]. - Historical gold mineralization exists in the western part of the property, approximately four to six kilometers from recent drilling, indicating the potential for a large, connected gold system [4]. Group 3: Future Plans and Potential - The company plans to systematically test and drill the fault moving west from the high-grade zone, aiming to connect existing zones and discover new high-grade areas [7]. - The geological data suggests that multiple deposits across the fault could be interconnected, potentially leading to multi-million-ounce deposits [7]. - The Bazooka Property is adjacent to the Wassamac property, which was acquired by Agnico Eagle in a multi-billion-dollar deal in 2023, further enhancing the area's exploration potential [7]. Group 4: Company Background - Opawica Explorations is a junior Canadian exploration company with a strong portfolio in the Rouyn-Noranda region of the Abitibi gold belt, focusing on increasing shareholder value through effective exploration practices and potential partnerships [9].