Workflow
Castellum(CTM)
icon
Search documents
Canterra Minerals Engages Atrium Research to Enhance Investor Visibility and Institutional Reach
Globenewswire· 2026-03-20 11:00
Core Viewpoint - Canterra Minerals Corporation has engaged Atrium Research Corporation to enhance market awareness of its exploration portfolio and ongoing drill programs in 2026 [1][2]. Group 1: Engagement with Atrium Research - Atrium will publish various research reports on Canterra, utilizing publicly available information, industry data, and discussions with the Company's management [2]. - Atrium will also conduct two recorded interviews with Canterra's management to present the investment case and upcoming exploration catalysts [2]. - The agreement with Atrium includes a cash compensation of C$12,000 per quarter for a 12-month period, starting March 15, 2026, with automatic quarterly extensions unless terminated [3]. Group 2: Company Overview - Canterra is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland, with projects near the past-producing Buchans Mine and Teck Resources' Duck Pond Mine [7]. - The Company has seven mineral deposits that support current and historical Mineral Resource Estimates in accordance with National Instrument 43-101 [7]. - Canterra's gold projects are located along a structural corridor that hosts gold mineralization, with past drilling indicating multiple occurrences of orogenic-style gold mineralization [7]. Group 3: Financial Support - Canterra acknowledges potential financial support from the government of Newfoundland and Labrador's Junior Exploration Assistance Program for its 2025 and 2026 exploration programs [6].
Castellum, Inc. Announces 2025 Unaudited Financial Results
Globenewswire· 2026-03-04 21:15
Core Viewpoint - Castellum, Inc. reported significant improvements in its financial performance for the year ended December 31, 2025, with increased revenue and reduced losses, indicating a positive trajectory for the company [2][5]. Financial Performance - Revenue for 2025 reached $52.9 million, marking a $8.1 million (15.2%) increase from $44.8 million in 2024 [2]. - The operating loss improved to $2.8 million, a $4.4 million year-over-year improvement from an operating loss of $7.2 million in 2024 [2]. - Net loss to common shareholders was $2.5 million, reflecting a $7.6 million improvement from a net loss of $10.1 million in 2024 [2]. Adjusted EBITDA - Adjusted EBITDA for 2025 was $1.0 million, compared to $0.8 million for 2024, indicating an improvement in operating performance [3][4]. - The calculation of Adjusted EBITDA excludes non-cash expenses such as stock-based compensation and depreciation, which were $2.4 million and $1.5 million respectively in 2025, compared to $5.4 million and $2.2 million in 2024 [4]. Cash and Debt Management - Total cash increased by $2.6 million to $14.9 million as of December 31, 2025, up from $12.3 million in 2024, supported by financing activities [5]. - The company's debt significantly decreased to $0.4 million as of December 31, 2025, from $10.7 million in 2024, reflecting effective debt management strategies [5]. Strategic Growth and Acquisitions - The operational growth in 2025 was entirely organic, driven by winning three prime contracts and improving operational efficiencies [7]. - The company has reinvigorated its M&A activities and is positioned for further strategic moves, supported by successful equity raises and a strong cash to debt ratio [7][8].
Canterra Minerals Extends Lundberg Deposit with 86m of 0.91% CuEq at Buchans Project, Newfoundland
Globenewswire· 2026-02-25 12:00
Core Insights - Canterra Minerals Corporation announced positive drill results from its 2025 program at the Buchans Project, confirming the extension of mineralization at the Lundberg Deposit and validating new deep-seeking 3DIP targets across the district [1][2][4] Drill Program Highlights - The 2025 drill results confirm the depth continuity of the Lundberg system, supporting potential resource expansion within one of the highest-grade historic Volcanogenic Massive Sulphide (VMS) camps [2][4] - A fully funded winter 2026 drill program is now underway, focusing on step-out and discovery drilling to generate catalysts throughout the year [2][4] Lundberg Deposit Findings - Hole H-25-3542 extended mineralization by 86.0 meters, grading 0.91% CuEq, reaching 75-100 meters below the previously defined resource limit [6][10] - High-grade sub-intervals were identified, including 6.0 meters at 3.43% CuEq and 22.0 meters at 1.21% CuEq, indicating significant thickness and grade continuity [6][10] - Additional drilling (H-25-3553) confirmed lateral continuity with 7.0 meters grading 0.47% CuEq, further extending the system [11][12] Clementine and Other Prospects - The Clementine prospect showed continued mineralization down plunge with hole H-25-3552 intersecting 3.45 meters grading 1.09% CuEq [12][16] - A strategic land expansion of 13.5 km² was completed, increasing the project area to 106 km² and opening new targets for follow-up drilling [6][16] 2026 Winter Drill Program - The 2026 winter drill program is focused on high-conviction targets, leveraging the established infrastructure of the historic mining district for cost-efficient drilling [14][16] - Results from this campaign are expected to provide a steady flow of exploration catalysts throughout 2026 [14][16]
Canterra Launches Fully Funded 15,000 Metre Discovery-Focused Drill Program in Newfoundland
Globenewswire· 2026-02-18 12:00
Core Viewpoint - Canterra Minerals Corporation is entering a high-impact discovery phase in 2026 with a fully funded diamond drill program of up to 15,000 metres across its projects in central Newfoundland, starting with the Buchans Project, which is known for its high-grade VMS deposits [1][3][5]. Group 1: 2026 Exploration Program Overview - The 2026 campaign will transition from target generation to systematic drill testing in three areas: high-priority targets at Buchans, selective follow-up drilling in the Victoria Lake Supergroup portfolio, and advancing gold targets at the Wilding Gold Project [2][5]. - The Buchans Project will see winter drilling targeting high-priority anomalies identified by modern geophysics, with additional drilling planned for resource expansion at the Lundberg deposit and Two-Level zone [5][7]. - The Victoria Lake Supergroup portfolio will undergo a belt-wide target ranking initiative, focusing on the highest-priority deposits and prospects for potential discovery and resource growth [11][12]. Group 2: Specific Project Details - Buchans Project: Approximately 5,000 metres of drilling planned, with a 2,000-metre winter program currently underway targeting 3DIP anomalies and structural corridors [7][8]. - Victoria Lake Supergroup: Up to 5,000 metres of targeted diamond drilling planned, focusing on deposits such as Boomerang, Lemarchant, and Long Lake [12]. - Wilding Gold Project: A combined drilling program has commenced, including ~250 percussion drill holes, with follow-up diamond drilling of approximately 5,000 metres anticipated in the second half of 2026 [15][16]. Group 3: Strategic Context - Canterra's land position in central Newfoundland offers optionality across multiple commodity exposures and deposit styles, supported by established mining communities and infrastructure [19]. - The company controls a 55-kilometre extension of the gold-bearing trend that hosts Equinox Gold's Valentine Mine, enhancing its potential for gold discovery [4][22].
Canterra Launches Fully Funded 15,000 Metre Discovery-Focused Drill Program in Newfoundland
Globenewswire· 2026-02-18 12:00
Core Viewpoint - Canterra Minerals Corporation is entering a high-impact discovery phase in 2026 with a fully funded diamond drill program of up to 15,000 metres across its projects in central Newfoundland, starting with the Buchans Project, which is known for its high-grade VMS deposits [1][3][5]. Group 1: 2026 Exploration Program Overview - The 2026 campaign will transition from target generation to systematic drill testing in three areas: high-priority targets at Buchans, selective follow-up drilling in the Victoria Lake Supergroup portfolio, and advancing gold targets at the Wilding Gold Project [2][5]. - The Buchans Project will see winter drilling targeting 3D induced polarization anomalies and structural corridors, with an initial 2,000 metres planned and an additional 3,000 metres of follow-up testing later in the year [7][8]. - The Victoria Lake Supergroup portfolio will involve a belt-wide target ranking initiative across multiple VMS deposits, anticipating up to 5,000 metres of targeted diamond drilling [11][12]. Group 2: Specific Project Details - At the Wilding Gold Project, an initial field program of approximately 250 percussion drill holes has commenced, with follow-up diamond drilling planned for the second half of 2026 [4][16]. - The Wilding Project aims to refine and prioritize high-confidence bedrock targets for diamond drill testing, focusing on areas proximal to known gold occurrences [15][16]. - Canterra's land position in central Newfoundland provides optionality across multiple commodity exposures and is supported by established mining communities and infrastructure [19].
Castellum, Inc. Pays Off All Debt
Globenewswire· 2026-02-17 11:45
Core Viewpoint - Castellum, Inc. has fully retired its remaining debt of $400,000, marking a significant milestone in its transition from a startup phase to a focus on organic growth and future investments [1][2][3]. Financial Position - The retirement of the $400,000 note represents the last debt from the company's initial phase, which involved seven acquisitions over four years [2][3]. - As of July 2024, Castellum's balance sheet had over $11 million in debt and just over $2 million in cash, which has since improved to no debt and more than $14 million in cash [4][5]. Growth Strategy - Castellum is transitioning to Phase 3, focusing on organic growth while also planning for strategic acquisitions to scale operations [13]. - The company has established an internal research and development fund and expanded partnerships to enhance innovation and product offerings [12]. Contract Wins - Castellum has secured three major prime contracts with a total value exceeding $219 million, providing a solid foundation for growth over the next five years [9][11]. - The largest contract won in March 2025 was valued at $103.3 million, supporting the Naval Air Systems Command [11]. Market Position - Castellum's contracts directly support national security missions and have shown resilience during government funding fluctuations [7][8]. - The company emphasizes its competitive edge in providing essential services across various technology domains, including cybersecurity and electronic warfare [8].
Canterra Minerals Appoints Matt Manson to Board of Directors and Grants Annual Equity Incentives
Globenewswire· 2026-02-04 12:00
Core Viewpoint - Canterra Minerals Corporation has appointed Matt Manson to its Board of Directors, bringing extensive experience in the mining sector, while also announcing the retirement of Michael Power from the Board [1][3]. Group 1: Appointment of Matt Manson - Matt Manson is a geologist and mining executive with over 30 years of international mining experience, including roles in exploration, permitting, mine development, financing, operations, and capital markets [2]. - Manson has previously served as President and CEO of Marathon Gold Corporation and Stornoway Diamond Corporation, leading significant projects such as the Valentine Gold Project and the Renard Diamond Project [2]. - His expertise is expected to be valuable for Canterra as it advances its gold and critical minerals projects in Newfoundland [4]. Group 2: Retirement of Michael Power - The company expresses gratitude to Michael Power for his years of service and contributions to Canterra, particularly regarding the Buchans Project [3][4]. Group 3: Equity Grants - Canterra has granted a total of 1,505,000 stock options to directors, officers, employees, and consultants, exercisable at a price of $0.20 per share for a period of three to five years [5]. - Additionally, 1,257,500 deferred share units (DSUs) and 300,000 restricted share units (RSUs) have been granted, with specific vesting schedules [6]. Group 4: Investor Relations Agreement - Canterra has entered into a consulting agreement with Grignan Holdings Ltd. (Peterson Capital) for investor relations services, effective February 3, 2026 [7]. - Peterson Capital specializes in connecting high-growth companies with retail investment advisors and funds [8]. - The agreement includes a term of twelve months and consultant fees of CAD$85,000, subject to TSX Venture Exchange approval [11]. Group 5: Company Overview - Canterra is focused on critical minerals and gold exploration in central Newfoundland, with projects located near the past-producing Buchans Mine and Teck Resources' Duck Pond Mine [13]. - The company's gold projects are situated along a structural corridor that hosts mineralization within Equinox Gold's Valentine Mine project [13].
Canterra Minerals Intersects High-Grade Gold at Wilding in Central Newfoundland, Including 10.89 g/t Au over 31.5 m
Globenewswire· 2026-01-20 12:00
Core Insights - Canterra Minerals Corporation reported high-grade gold mineralization results from its Wilding Gold Project, with a notable intercept of 31.5 metres averaging 10.89 g/t Au [1][2][6] - The drilling program indicates the potential for a high-grade, district-scale gold system in Newfoundland, an attractive mining jurisdiction [2][6] Drilling Highlights - A total of 1,243 metres of large diameter core drilling were completed across 18 drill holes in fall 2025, targeting the Elm and Alder Zones, as well as a new target, Aspen [2][6][7] - Significant results include: - WL-25-100: 31.5 metres at 10.89 g/t Au, including 5.4 metres at 41.00 g/t Au [3][6] - WL-25-101: 6.6 metres at 8.22 g/t Au, including 2.15 metres at 24.74 g/t Au [3][6] - WL-25-95: 4.1 metres at 6.16 g/t Au, including 1 metre at 20.96 g/t Au [3][6] Geological Insights - The Elm Zone is interpreted as a mineralized gold corridor approximately 300 metres along-strike and 100 metres down-dip, indicating significant resource potential [6][8] - The drilling confirmed the continuity of high-grade quartz-sulphide gold veins, with alteration halos suggesting a larger hydrothermal system [6][8] Future Plans - The company plans follow-up drilling to better constrain vein orientation, true width, and continuity, aiming to enhance the project's strategic value [19][22] - The follow-up program will focus on testing new vein concepts and expanding the known extent of mineralization [19][22] Sampling and Analytical Methods - HQ drill core was logged, photographed, and sampled at the company's secure facility, with samples analyzed by an independent accredited assay lab [20][23] - The quality assurance program includes the insertion of certified reference materials, blanks, and duplicates, ensuring reliable assay results [23] Company Overview - Canterra Minerals is focused on critical minerals and gold exploration in central Newfoundland, with projects located near significant past-producing mines [26] - The company's gold projects are strategically positioned along the same structural corridor as Equinox Gold's producing Valentine Mine [26]
Castellum, Inc. Announces the Award of a $49.8 Million Recompete Contract to its SSI Subsidiary
Globenewswire· 2026-01-07 11:45
Core Viewpoint - Castellum, Inc. has been re-awarded a $49.8 million contract for Software Support Activities by its subsidiary Specialty Systems, Inc. to support the Naval Air Warfare Center Aircraft Division, marking a significant achievement in the company's history [1][2][4]. Group 1: Contract Details - The contract is a five-and-a-half-year agreement focused on Software Support Activities for mission-critical naval systems, including the Electromagnetic Aircraft Launch System and Advanced Arresting Gear [1][6]. - This award represents the fourth-largest contract in Castellum's history and is the third consecutive win for SSI on the NAWCAD LKE Contract [2][6]. Group 2: Company Performance and Strategy - Castellum's CEO highlighted the company's focus on organic growth and successful competition for major contracts, achieving a perfect record in securing all three of their targeted prime contract opportunities [4][5]. - The company reported over $219 million in major prime contract wins in the past year, emphasizing its commitment to supporting national security missions [4][5]. Group 3: Future Outlook - Castellum is positioned for continued strong growth, supported by a healthy balance sheet and a dedicated team, as it aims to provide leading-edge technology services and solutions [5][6].
Canterra Minerals Closes $5.7M Flow-Through Private Placement to Fund Exploration in Newfoundland
Globenewswire· 2025-12-24 00:30
Core Viewpoint - Canterra Minerals Corporation has successfully closed a private placement, raising a total of C$5,705,361.51 through the issuance of Critical Minerals flow-through shares and National flow-through shares [1]. Group 1: Private Placement Details - The company issued 10,980,000 Critical Minerals flow-through shares at a price of C$0.25 per share, generating gross proceeds of C$2,745,000 [2]. - Additionally, 12,871,137 National flow-through shares were issued at a price of C$0.23 per share, resulting in gross proceeds of C$2,960,361.51 [3]. - The total gross proceeds from both share types will be utilized for Canadian exploration expenses, qualifying as "flow-through critical mineral mining expenditures" and "flow-through mining expenditures" [4]. Group 2: Use of Proceeds - The net proceeds from the private placement will be directed towards the exploration of the company's projects in central Newfoundland, specifically the Wilding Gold and Buchans Projects [5]. Group 3: Finder's Fees and Warrants - In connection with the private placement, the company paid finders fees of C$50,000 in cash and issued 135,848 non-transferable finders' warrants [6]. - The finders' warrants related to CMFT Shares are exercisable at C$0.25 per warrant, while those related to FT Shares are exercisable at C$0.23 per warrant, both valid for 12 months from issuance [6]. Group 4: Securities Regulations - The securities issued in the private placement are not registered under the United States Securities Act and cannot be offered or sold to U.S. persons without registration or an applicable exemption [8]. Group 5: Company Overview - Canterra Minerals is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland, with projects located near the historically significant Buchans Mine and Teck Resources' Duck Pond Mine [9]. - The company's gold projects are situated along a structural corridor that hosts mineralization within Equinox Gold's mine project, indicating potential for significant discoveries [10].