SciSparc .(SPRC)
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Blue Lagoon Sells ~C$1 Million of Gold and Silver from Dome Mountain's Initial Production to Ocean Partners
Thenewswire· 2025-12-30 13:00
Core Viewpoint - Blue Lagoon Resources Inc. has made its first sale of gold and silver from the Dome Mountain project, marking a significant transition from a pre-revenue to a revenue-generating mining company [5][6]. Group 1: Sales and Financials - The company expects to receive C$970,000 from the initial delivery of approximately 1,000 tonnes of mineralized material to Nicola Mining for processing [2][3]. - This payment is an advance on the first shipment, with final settlement pending processing and subject to adjustments based on assays and metal prices [3]. Group 2: Operations and Development - Underground development, production, and shipments are set to resume in the first week of January following a holiday break [4]. - The company views this sale as a milestone, indicating its focus on advancing development and production activities [6]. Group 3: Strategic Plans - Blue Lagoon plans to reinvest internally generated cash flow into near-mine and regional exploration starting in H1 2026 to expand its resource base [9]. - The company is committed to sustainability and community engagement while aiming to become a profitable gold producer [10]. Group 4: Equity Incentives - The company has granted 3,000,000 restricted share units and 200,000 stock options to directors and management, with stock options exercisable at $0.66 per share [7].
SciSparc: Neurothera Labs Signs Non-Binding Term Sheet to Acquire Majority Stake in a Quantum Algorithm Bio Data Analysis Company
Globenewswire· 2025-12-02 14:29
Core Insights - SciSparc Ltd. announced that its majority-owned subsidiary NeuroThera Labs Inc. will acquire a 55% equity interest in a pioneering quantum computing bio data company, with the transaction involving the issuance of common shares equivalent to 40% of NeuroThera's share capital [1][3] Group 1: Acquisition Details - The acquisition is based on a non-binding term sheet and is subject to due diligence, negotiation of definitive agreements, and regulatory approvals [1][3] - The Target Company specializes in quantum-enabled clinical analytics, which aims to enhance the efficiency of bio data storage, manipulation, and analysis [2] Group 2: Quantum Computing Impact - Quantum computing principles such as superposition and entanglement are expected to revolutionize clinical trials by integrating quantum intelligence with bioinformatics [2] - This innovative approach aims to unlock precision and speed in medical research and development, potentially leading to superior machine learning performance [2] Group 3: Company Background - SciSparc Ltd. focuses on developing cannabinoid pharmaceuticals through its subsidiary NeuroThera, which is engaged in drug development programs targeting conditions like Tourette syndrome and Alzheimer's disease [4] - NeuroThera Labs Inc. is dedicated to creating novel therapeutics for central nervous system disorders and other underserved health conditions [5]
Neurothera Labs Signs Non-Binding Term Sheet to Acquire Majority Stake in a Quantum Algorithm Bio Data Analysis Company
Thenewswire· 2025-12-02 13:05
Core Insights - Neurothera Labs Inc. has entered into a non-binding term sheet to acquire a 55% equity interest in a quantum computing bio data company, which is expected to enhance clinical analytics capabilities [1][3] - The acquisition involves issuing common shares of Neurothera equal to 40% of its common shares on a non-diluted post-transaction basis to the selling shareholders of the target company [1] Company Overview - Neurothera Labs Inc. is a clinical-stage pharmaceutical company focused on developing novel therapeutics for central nervous system disorders and other underserved health conditions through collaborations and innovative combinations [4] Industry Implications - The integration of quantum computing principles in bio data analytics could revolutionize the field by enabling faster computations and superior machine learning performance, potentially redefining clinical trials and enhancing medical research and development [2]
SciSparc Plans on Entering the Multi-Billion-Dollar GERD Device Market with Acquisition of an Approved IP Portfolio
Globenewswire· 2025-12-01 13:32
Core Insights - SciSparc Ltd. has signed a binding term sheet to acquire patents, trademarks, and intellectual property rights for innovative endoscopic systems, including the MUSE™ system, from Xylo Technologies Ltd. [1][4] Company Overview - SciSparc operates through its majority-owned subsidiary NeuroThera Labs Inc., focusing on clinical-stage pharmaceutical developments, particularly in cannabinoid pharmaceuticals [7]. Product Details - The MUSE™ system is a single-use endoscopic device designed for transoral fundoplication, a minimally invasive procedure for treating gastroesophageal reflux disease (GERD) [2]. Market Strategy - Following Xylo's successful commercialization in Greater China, SciSparc aims to replicate this model in high-growth regions like North America, Europe, and Latin America by forming exclusive partnerships with regional distributors [3]. Financial Terms of Acquisition - The acquisition will involve SciSparc issuing shares to Xylo, representing 19.99% of the company's issued and outstanding share capital upon closing of definitive agreements [4]. Market Potential - The global GERD device market was valued at approximately $2.5 billion in 2024 and is projected to grow to $3.03 billion by 2030, with a compound annual growth rate (CAGR) of 3.24% from 2025 to 2030 [5].
Why SciSparc Stock Is Gaining Today - SciSparc (NASDAQ:SPRC)
Benzinga· 2025-11-26 15:15
Core Viewpoint - SciSparc Ltd. is strategically expanding its operations by acquiring endoscopy intellectual property from Xylo Technologies Ltd., moving beyond its core neuroscience pipeline into medical device commercialization [1]. Strategic IP Acquisition - SciSparc has signed a binding term sheet to acquire a portfolio of patents, trademarks, and know-how related to advanced endoscopic imaging systems, focusing on the MUSE platform, a single-use device for transoral fundoplication procedures aimed at treating gastroesophageal reflux disease (GERD) [2]. Expansion into Procedural Technology - Through its majority-held subsidiary NeuroThera Labs Inc., SciSparc has primarily focused on clinical-stage therapies. The acquisition broadens its exposure into procedural technology for gastrointestinal treatment markets [3]. MUSE Commercial Potential - The MUSE device facilitates minimally invasive treatment for GERD patients. SciSparc intends to leverage Xylo's previous commercialization success in Greater China to penetrate North America, Europe, and Latin America. Xylo had previously secured a licensing deal in 2019 with a Shanghai-based distributor, receiving $3 million upfront, which SciSparc plans to replicate through exclusive regional partnerships [4]. Share-Based Consideration Structure - Under the terms of the acquisition, SciSparc will issue equity equal to 19.99% of its outstanding shares upon closing, with the option to substitute part or all of that with pre-funded warrants. This acquisition grants SciSparc direct ownership of the technology and commercialization rights, potentially supporting future licensing revenue and enhancing its diversification strategy [5]. Price Action - Following the announcement, SciSparc shares increased by 29.10%, reaching $3.15, while the stock is near its 52-week low of $1.75 [6].
SciSparc to Acquire Treasury of Patents for Innovative Medical Endoscopy Systems
Globenewswire· 2025-11-26 12:38
Core Viewpoint - SciSparc Ltd. has signed a binding term sheet to acquire a portfolio of patents, trademarks, and intellectual property rights related to innovative endoscopic systems, including the MUSE™ system, from Xylo Technologies Ltd. This acquisition aims to enhance SciSparc's capabilities in the medical device market, particularly for treating gastroesophageal reflux disease (GERD) [1][4]. Company Overview - SciSparc Ltd. operates through its majority-owned subsidiary NeuroThera Labs Inc., focusing on clinical-stage pharmaceutical developments, particularly in cannabinoid pharmaceuticals [7]. - The company is engaged in drug development programs targeting conditions such as Tourette syndrome, Alzheimer's disease, and autism spectrum disorder (ASD) [7]. Acquisition Details - The acquisition includes the complete portfolio of intellectual property rights associated with the MUSE™ system, which is designed for transoral fundoplication, a minimally invasive procedure for GERD treatment [2][4]. - In exchange for the acquired assets, SciSparc will issue shares representing 19.99% of its outstanding share capital to Xylo upon closing of definitive agreements [4]. Market Potential - The global GERD device market was valued at approximately $2.5 billion in 2024 and is projected to grow to $3.03 billion by 2030, with a compound annual growth rate (CAGR) of 3.24% from 2025 to 2030 [5]. - SciSparc plans to replicate Xylo's successful commercialization model from Greater China to high-growth regions such as North America, Europe, and Latin America through exclusive partnerships with regional distributors [3].
Morning Market Movers: CLSD, CJET, TWNP, JXG See Big Swings
RTTNews· 2025-11-24 13:02
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Chijet Motor Company, Inc. (CJET) is up 40% at $2.67 - JX Luxventure Group Inc. (JXG) is up 19% at $4.12 - Inspire Medical Systems, Inc. (INSP) is up 15% at $103.50 - Epsium Enterprise Limited (EPSM) is up 15% at $4.14 - Oscar Health, Inc. (OSCR) is up 12% at $15.13 - Green Dot Corporation (GDOT) is up 11% at $13.21 - Butterfly Network, Inc. (BFLY) is up 6% at $2.82 - Cullinan Therapeutics, Inc. (CGEM) is up 5% at $10.00 - Vir Biotechnology, Inc. (VIR) is up 5% at $5.99 - Nvni Group Limited (NVNI) is up 5% at $3.17 [3] Premarket Losers - Clearside Biomedical, Inc. (CLSD) is down 69% at $0.82 - Twin Hospitality Group Inc. (TWNP) is down 20% at $2.84 - Shuttle Pharmaceuticals Holdings, Inc. (SHPH) is down 15% at $1.35 - Mobile-Network Solutions (MNDR) is down 12% at $4.16 - Waldencast plc (WALD) is down 10% at $2.75 - authID Inc. (AUID) is down 9% at $1.21 - EZGO Technologies Ltd. (EZGO) is down 6% at $1.98 - SciSparc Ltd. (SPRC) is down 5% at $2.34 - Twin Vee Powercats Co. (VEEE) is down 5% at $1.70 - Agape ATP Corporation (ATPC) is down 5% at $1.22 [4]
SciSparc: Neurothera Labs Announces Israeli Patent Application in Collaboration with Clearmind Medicine for Novel Non-Hallucinogenic Neuroplastogen Treatment for Depression
Globenewswire· 2025-11-20 11:42
Core Viewpoint - SciSparc Ltd. has announced an advancement in its collaboration with NeuroThera Labs Inc. by filing a patent application for a novel combination therapy targeting depression, which involves 5-methoxy-2-aminoindane (MEAI) and N-Acylethanolamines like Palmitoylethanolamide (PEA) [1][2] Group 1: Collaboration and Patent Filing - The patent application is a result of the ongoing collaboration between Neurothera and Clearmind Medicine Inc., focusing on a therapy for depression using MEAI and PEA [2][3] - This new filing expands the joint intellectual property portfolio, with a total of 13 patents filed through the collaboration, addressing various conditions including alcohol use disorder, cocaine addiction, obesity, and depression [3] Group 2: Market Context and Impact - According to the World Health Organization, approximately 332 million people globally suffer from major depressive disorder, representing about 5.7% of adults, with higher prevalence in women (6.9%) compared to men (4.6%) [2] - Depression remains one of the leading causes of disability worldwide, significantly contributing to the global burden of disease [2] Group 3: Company Overview - SciSparc Ltd. focuses on clinical-stage pharmaceutical developments through its majority-owned subsidiary Neurothera Labs Inc., which is engaged in developing cannabinoid-based therapeutics [4] - The company is involved in various drug development programs targeting conditions such as Tourette syndrome, Alzheimer's disease, and autism spectrum disorder [4][5]
SciSparc .(SPRC) - 2025 Q2 - Quarterly Report
2025-11-18 21:00
Exhibit 99.1 SCISPARC LTD. INTERIM CONSOLIDATED FINANCIAL STATEMENTS The accompanying notes are an integral part of the interim consolidated financial statements. 2 SCISPARC LTD. AS OF JUNE 30, 2025 UNAUDITED INDEX | | Page | | --- | --- | | Consolidated Statements of Financial Position | 2-3 | | Consolidated Statements of Profit or Loss and Other Comprehensive Loss | 4 | | Consolidated Statements of Changes in Equity (Deficit) | 5-7 | | Consolidated Statements of Cash Flows | 8-10 | | Notes to Interim Cons ...
SciSparc Announces Closing of the Acquisition of a Publicly Traded Company on the TSXV to which it transferred its Advanced Clinical Stage Pharmaceutical Portfolio
Globenewswire· 2025-10-24 11:55
Core Viewpoint - SciSparc Ltd. has successfully closed a transaction to acquire a controlling interest in Neurothera Labs Inc., enhancing its portfolio in the pharmaceutical sector focused on central nervous system disorders [1][2]. Group 1: Transaction Details - The total enterprise value of Neurothera was approximately US$3.3 million, with the Target Assets valued at approximately US$11.6 million [2]. - SciSparc received 63,300,000 common shares of Neurothera, 4,000,000 common share purchase warrants, and up to 48,000,000 contingent rights, resulting in a controlling interest of approximately 75% in Neurothera [3]. - The name change of Neurothera from "Miza III Ventures Inc." to "Neurothera Labs Inc." was effective as of October 22, 2025, with trading expected to resume on the TSXV under the symbol "NTLX" [4]. Group 2: Financial Commitments - Upon closing, SciSparc committed CAD 1,000,000 (approximately US$716 thousand) in capital to Neurothera through an unsecured convertible note, convertible into common shares at a price of CAD 0.25 per share [5]. - The Transaction Securities are subject to an escrow agreement, with 10% released at the final bulletin of the TSXV and an additional 15% released every six months thereafter [6]. Group 3: Company Overview - SciSparc Ltd. is a specialty clinical-stage pharmaceutical company focused on developing cannabinoid-based therapies for various disorders, including Tourette syndrome and Alzheimer's disease [8][9]. - The company, through Neurothera Labs Inc., also has interests in the sale of hemp seed oil-based products on the Amazon.com Marketplace [9].