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CULT Food Science Closes Debt Settlement
Thenewswire· 2025-11-05 00:55
Core Insights - CULT Food Science Corp. has successfully closed a debt settlement agreement to resolve outstanding debts totaling $132,500 [1] - The company will issue 8,833,333 shares at a deemed price of $0.015 per share as part of the settlement [2] - The board of directors believes that completing the debt settlement is in the best interest of the company to preserve cash for working capital [3] Company Overview - CULT Food Science is focused on pioneering the commercialization of lab-grown meat and cellular agriculture to transform the global food industry [4] - The company's investment strategy includes acquiring equity, debt, or other securities of various entities, and providing operational and advisory support to portfolio companies [4] - The objective of the company is to reshape the global food system while enhancing long-term shareholder value through innovation and active stewardship [4]
Metasphere Labs Announces Amended and Restated LIFE Offering Document
Thenewswire· 2025-11-05 00:30
Core Viewpoint - Metasphere Labs Inc. is proceeding with a listed issuer financing exemption offering under amended terms, aiming to raise up to $450,000 through the sale of units priced at $0.09 each [1][2]. Offering Details - The offering will consist of up to 5,000,000 units, each unit comprising one common share and one transferable common share purchase warrant [2]. - Each warrant allows the holder to purchase an additional common share at $0.12, exercisable 61 days post-closing for a period of four years [2]. Regulatory Framework - The offering is conducted under the Listed Issuer Financing Offering as per National Instrument 45-106, ensuring the securities will be freely tradeable for Canadian residents [3]. Use of Proceeds - Proceeds from the offering will be allocated for general working capital purposes, with the offering expected to close around December 1, 2025 [5]. Cancellation of Previous Offering - The company has canceled its previously announced intention to complete a Non-LIFE Offering that was to occur concurrently with the current offering [7]. Future Financing Opportunities - The company anticipates having sufficient funds for operations over the next 12 months but may explore additional financing options to enhance product development and financial flexibility [8]. Company Overview - Metasphere Labs Inc. focuses on integrating blockchain technology into real-world applications, emphasizing environmental sustainability and social impact [9].
Mithril Intercepts High-Grade Silver At Target 5 Returning 1,714 G/T AGEQ (5.8 G/T AU, 1,308 G/T AG) Over 1.0 M At The Copalquin District, Mexico
Thenewswire· 2025-11-04 21:30
Core Insights - Mithril Silver and Gold Limited has reported promising exploration results from its Copalquin property in Durango State, Mexico, highlighting high-grade gold and silver intercepts from its maiden drill program at Target 5 [1][2][4]. Exploration Results - Initial drilling at Target 5 has yielded multiple high-grade intercepts, including 1.00 m at 1,714 g/t AgEq (5.80 g/t gold, 1,308 g/t silver) and 3.35 m at 366 g/t AgEq (1.71 g/t gold, 246 g/t silver) [2][4]. - The first eight of thirteen drill holes have returned reportable mineralization, confirming the potential of Target 5, with only 5% of the mapped and projected veins tested to date [2][3][5]. District Outlook - The company is fully funded to complete 45,000 meters of drilling through the second half of 2026, with plans to add a third drill rig at Target 3 in early 2026 [3][5]. - Ongoing mapping and sampling across multiple targets are advancing the understanding of the district-scale potential of Copalquin, which is characterized by a large epithermal gold-silver system [3][6]. Resource Potential - The Copalquin district contains over 100 historic underground gold-silver mines and workings, with a maiden JORC resource already established at Target 1 [6][29]. - The district is recognized as a significant gold-silver area within the Sierra Madre Gold-Silver Trend, with considerable potential for resource expansion [7][28]. Future Developments - Drilling at the high-grade Tasolera mine area is set to commence, following up on high-grade channel sampling results [5][16]. - The company is advancing Target 3 to drill readiness, with further channel sample results pending [5][6].
BacTech Strengthens Balance Sheet Through Convertible Debenture Restructuring, Reducing Outstanding Debt
Thenewswire· 2025-11-04 15:45
Core Insights - BacTech Environmental Corporation is restructuring an existing convertible debenture to strengthen its balance sheet and support its capital raise for the Ecuador bioleach facility and Zero-Tailings initiatives [1][2] Financial Restructuring - In March 2025, BacTech reached an agreement to potentially eliminate approximately US$1.8 million in convertible debt through a two-tiered conversion structure, simplifying the arrangement to reduce dilution and forgive a substantial portion of the debt [2] - The debenture holder will convert US$950,000 of principal into 19,000,000 common shares and receive 19,000,000 three-year common share purchase warrants, exercisable at US$0.15 per share [5] - The remaining US$850,000 of debt will be forgiven in exchange for a 1% royalty on the Company's projects [5] Company Overview - BacTech Environmental Corporation focuses on commercializing proprietary bio-oxidation (bioleaching) processes for the sustainable treatment of toxic, arsenic-bearing concentrates and mine tailings [3] - The flagship Tenguel–Ponce Enriquez bioleach plant in Ecuador is designed to process high-arsenic gold concentrates while generating strong economic returns and measurable social and environmental benefits [3] - The Company is advancing its Zero-Tailings initiative in Sudbury, Canada, aimed at recovering critical minerals and creating valuable by-products from pyrrhotite tailings [3]
SPARC AI Signs Global Preferred Reseller Agreement with Precision Technic Defense Group
Thenewswire· 2025-11-04 14:30
Core Insights - SPARC AI Inc. has entered into a non-exclusive Preferred Reseller Agreement with Precision Technic Defence Group (PTD) to distribute its advanced defense technologies across Australia, Europe, and the United States [1][2] - This partnership is expected to enhance SPARC AI's global distribution network and leverage PTD's established relationships within the defense sector [2][3] Company Overview - SPARC AI Inc. specializes in developing GPS-free target acquisition and intelligence software for drones and edge devices, focusing on real-time detection and tracking without reliance on traditional sensors [4] - The company's flagship platform aims to provide unmatched situational awareness for defense, rescue, and commercial operators [4] Partnership Significance - The collaboration with PTD, a leader in advanced defense solutions with over 40 years of experience, is seen as a pivotal moment for SPARC AI, potentially accelerating the adoption of its technologies in the defense market [2][3] - By combining SPARC AI's innovative technology with PTD's expertise and customer relationships, both companies aim to enhance their offerings in the defense sector [3]
Vanadiumcorp Announces Flow-Through and Non Flow-Through Private Placement Financing for Critical Minerals
Thenewswire· 2025-11-04 14:00
Core Viewpoint - VanadiumCorp Resource Inc. is planning a non-brokered private placement financing to raise up to C $1.4 million, subject to approval from the TSX Venture Exchange, with the financing expected to close by November 30, 2025 [1][2]. Financing Details - The company intends to issue up to 2,333,333 flow-through units at C $0.30 and 2,800,000 non-flow-through units at C $0.25, aiming for total gross proceeds of C $1.4 million [2]. - Each non-flow-through unit will consist of one common share and one share purchase warrant, allowing the purchase of an additional common share at C $0.45 for 18 months [3]. - Each flow-through unit will include one flow-through common share and half a share purchase warrant, with each full warrant also allowing the purchase of a common share at C $0.45 for 18 months [4]. Use of Proceeds - Net proceeds from the financing will be allocated for critical mineral exploration, metallurgical testing on the company's mineral properties, and general corporate purposes [5]. - The gross proceeds from the sale of flow-through shares will be used to incur Canadian exploration expenses qualifying as flow-through mining expenditures, to be incurred by December 31, 2026, and renounced to initial purchasers by December 31, 2025 [5]. Additional Information - The company may pay finders' fees in cash and warrants with terms similar to the unit warrants, and all shares issued will be subject to a four-month hold from the closing date [6]. - VanadiumCorp announced the resignation of Gilles Dupuis as Chief Operating Officer and Director, acknowledging his contributions to the company [7]. - The company remains focused on advancing its critical mineral projects, with a strong investment case for North American vanadium production [8]. Company Overview - VanadiumCorp Resource Inc. is a Canadian critical mineral exploration company concentrating on developing vanadium-rich assets in Quebec, particularly the Lac Doré Vanadium Project, which offers high-purity vanadium suitable for energy storage applications [9]. - The company has established an electrolyte pilot plant in Val-des-Sources, Québec, aimed at testing extracted vanadium materials and initiating future commercial production of vanadium electrolyte for vanadium redox flow batteries (VRFBs) [9].
Critical Infrastructure Technologies Provides Nexus Production Update
Thenewswire· 2025-11-04 14:00
Core Insights - Critical Infrastructure Technologies Ltd. (CiTech) is advancing its Nexus platform series, with multiple units entering final assembly and deployment phases in key international markets [1][2][3] - The company expects strong commercial interest, anticipating sales of up to CAD$4.5 million following demonstrations in Europe, North America, and Australia [2][3] Production Timeline - Nexus 1 and 2 are scheduled to arrive at CiTech's production facility in mid-December 2025 [5] - Nexus 3 is expected to arrive in mid-February 2026 [5] - Nexus 4 will be delivered to Babcock International's facility in Poland by mid-March 2026 [5] - Nexus 5 is set to be delivered to Virginia Beach, USA by the end of March 2026 [5] Market Demand and Scalability - The production progress of the Nexus program indicates the scalability of the platform and the global demand for rapidly deployable infrastructure solutions [3] - The company is entering a pivotal phase in demonstrating the versatility and capability of the Nexus system [3] Target Sectors - CiTech is focusing on sectors such as mining, defense, border security/surveillance, and emergency services with its Nexus product releases [15] - The Nexus 16 and recently released Nexus 20/24 aim to provide critical mobile telecommunications along with integrated C-UAS, ISR, and radio capabilities [15][17] Technology Features - The self-deploying platform (SDP) addresses limitations of current communication solutions, including tower strength and rapid deployment capabilities [15][17] - The SDP supports various radio equipment, including LTE, and includes technological payloads for surveillance and anti-drone systems [17]
Hybrid Power Solutions Announces Distribution Agreement with Dragonfly Energy Holdings Corp.
Thenewswire· 2025-11-04 13:35
Core Insights - Hybrid Power Solutions Inc. has entered a distribution agreement with Dragonfly Energy Holdings Corp. to expand the reach of its advanced battery energy storage systems [1][2] - The partnership aims to leverage Dragonfly Energy's established distribution channels to accelerate the adoption of Hybrid's portable power systems in key markets such as mobile services, recreational vehicles, and off-grid applications [2][3] - Both companies share a vision for advancing clean energy solutions, with Hybrid focusing on eco-friendly power systems and Dragonfly Energy specializing in lithium battery technology [3][4] Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian Securities Exchange, specializing in portable power systems that eliminate fossil fuel dependency in off-grid applications [6] - Dragonfly Energy Holdings Corp. is a leader in lithium battery technology, known for its Battle Born Batteries® brand and its patented dry electrode manufacturing process, which supports a wide range of applications [4][5]
Panther Minerals Closes Fully Subscribed $2.3 Million LIFE Offering and Concurrent Private Placement
Thenewswire· 2025-11-04 13:30
Core Viewpoint - Panther Minerals Inc. successfully closed a non-brokered financing offering and a concurrent private placement, raising total gross proceeds of $2,300,320 [1][2]. Financing Details - The LIFE Offering raised $100,320 by issuing 627,000 units, while the Private Placement raised $2,200,000 by issuing 13,750,000 units [2]. - Each unit under the LIFE Offering consists of one common share and one common share purchase warrant, with warrants priced at $0.21 per share, exercisable for 24 months starting 60 days after issuance [3]. - Each unit under the Private Placement also consists of one common share and one common share purchase warrant, with warrants priced at $0.25 per share, exercisable for 24 months [4]. Use of Proceeds - The net proceeds from the financing will be used for general working capital, corporate purposes, advancing mineral projects, and repaying outstanding obligations [5]. Finder's Fees and Broker Warrants - The Company paid cash finder's fees totaling $147,002.40 and issued 1,000,000 common shares as consideration for services related to the financing [6]. - Additionally, broker warrants were issued, with 43,890 related to the LIFE Offering and 881,125 related to the Private Placement, having the same terms as the respective offering warrants [6]. Company Overview - Panther Minerals Inc. is focused on the acquisition and exploration of mineral properties, particularly precious and base metals, with an emphasis on drill-ready projects with high upside potential [7].
Teuton Reports Final Hole Drilled in 2025 at Treaty Creek
Thenewswire· 2025-11-04 13:25
Core Insights - Teuton Resources Corp. reports successful results from the 2025 drill program at the Goldstorm deposit, confirming high-grade mineralization continuity and expanding known zones [1][4][5] Exploration Results - The final drill hole GS-25-191-W1 intersected a northeastward extension of the 300 Horizon Zone, linking mineralized intercepts between the 300H and 300N zones [2][3] - Significant mineralized intercepts include: - 4.12 g/t gold, 16.48 g/t silver, and 0.01% copper over 8.90m in GS-25-191 [3] - 1.63 g/t gold, 4.89 g/t silver, and 0.02% copper over 10.70m, stepping out 52m to the south [3] - 1.88 g/t gold, 1.71 g/t silver, and 0.01% copper over 5.90m, providing continuity between mineralized domains [3][7] 2025 Exploration Program Overview - The program targeted gaps between the 300N and 300H Zones and aimed to identify additional high-grade SC-1 Zone-like structures [4] - Drilling confirmed and expanded several high-grade corridors within and surrounding the 300N and 300H Zones [5] Future Plans - An updated Mineral Resource estimate for Treaty Creek is underway, incorporating approximately 15,000 meters of drill data from 2024 and 2025 [11] - The updated estimate will utilize a smaller block model for better resolution of high-grade gold mineralization, targeted for completion in Q4 2025 [11] - Plans for underground ramp development to access the high-grade SC-1 Zone are contingent on permit approvals, with excavation expected to commence in Q3 2026 [12] Additional Exploration Opportunities - Tudor Gold is assessing opportunities to increase gold Mineral Resources at Treaty Creek in 2026, particularly following up on drill hole PS-23-10 at the Perfectstorm Zone [13]