AXO Copper Corp. Announces Upsize of Previously Announced Bought Deal to $35 million
Globenewswire· 2026-01-29 02:13
Core Viewpoint - AXO Copper Corp. has announced a bought deal offering of 50,000,000 units at a price of $0.70 per unit, aiming to raise gross proceeds of $35,000,000 due to strong investor demand [2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a warrant, with each whole warrant exercisable into one common share at a price of $1.00 for 18 months [3]. - The company has granted underwriters an option to purchase up to an additional 15% of the offering, potentially raising total gross proceeds to $40,250,000 if fully exercised [4]. - The offering is scheduled to close on or about February 19, 2026, subject to necessary approvals [6]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for exploration and advancement of the La Huerta Project and San Antonio Gold Project, as well as for general working capital purposes [5]. Group 3: Company Overview - AXO Copper Corp. is engaged in the exploration and development of the La Huerta property, a new copper discovery in Jalisco, Mexico, and the San Antonio gold property, a past-producing oxide copper mine located in Sonora, Mexico [9].
Venu Holding Corporation Announces Termination of Proposed Public Offering
Globenewswire· 2026-01-29 02:05
Core Viewpoint - Venu Holding Corporation has terminated its proposed public offering of $75 million in common stock due to unfavorable market conditions for shareholders [1][2]. Group 1: Company Overview - Venu Holding Corporation is a developer and operator of upscale live music venues and premium hospitality destinations, with a portfolio that includes various entertainment brands [4]. - The company was founded by J.W. Roth and is expanding its operations across multiple states including Colorado, Georgia, Oklahoma, and Texas [4]. - Venu has received national recognition for its innovative approach to live entertainment from major publications [5]. Group 2: Offering Details - The terminated offering was part of a shelf registration statement filed with the SEC on December 1, 2025, and was declared effective on December 8, 2025 [3]. - No shares of common stock will be sold as a result of the termination of the offering [1].
Orca Energy Group Inc. Announces Independent Reserves Evaluation for Year End 2025
Globenewswire· 2026-01-29 01:44
Core Viewpoint - Orca Energy Group Inc. has announced the approval of its Independent Reserves Evaluation as of December 31, 2025, indicating significant decreases in its natural gas reserves and future net revenue compared to the previous year [1][2]. Reserves Evaluation - The evaluation of the Company's conventional natural gas reserves was conducted by McDaniel & Associates Consultants Ltd. in accordance with Canadian standards [2]. - The Songo Songo Production Sharing Agreement (PSA) with the Tanzanian Petroleum Development Corporation (TPDC) is set to expire in October 2026 [2]. Reserves Data - Total Proved ("1P") Gross Company conventional natural gas reserves at year-end 2025 were 17.5 billion standard cubic feet (Bcf), a 57% decrease from 40.2 Bcf at year-end 2024 [7]. - Total Proved plus Probable ("2P") Gross Company conventional natural gas reserves at year-end 2025 were 19.2 Bcf, down 54% from 41.5 Bcf at year-end 2024 [7]. - The Company estimated gas sales of 26.2 Bcf in 2025, representing a decrease of approximately 2% compared to 2024 [7]. Financial Metrics - The net present value of 1P future net revenue discounted at 10% was $29.2 million at year-end 2025, a 53% decrease from $61.8 million at year-end 2024 [7]. - The net present value of 2P future net revenue discounted at 10% was $31.6 million at year-end 2025, down 51% from $64.7 million at year-end 2024 [7]. Technical Revisions - The reduction in Gross Company 1P reserves was primarily attributed to production of 26.2 Bcf in 2025 and 3.5 Bcf of positive technical revisions due to higher than forecasted gas sales to Power customers [7]. Pricing and Assumptions - The average gas price received by the Company in 2025 was $5.01 per thousand cubic feet (Mcf), with a net price of $4.62/Mcf after transportation tariffs [10]. - The forecast for Brent crude in 2026 is $66.50 per barrel, with Songo Songo gas prices projected at $5.29 per Mcf for proved reserves [11].
Gran Tierra Energy Inc. Reports Seventh Consecutive Year of South American Reserves Growth
Globenewswire· 2026-01-29 01:34
Core Insights - Gran Tierra Energy Inc. reported its 2025 year-end reserves and resources, highlighting a strong asset base with over 100% reserve replacement in South America for both proved developed producing (PDP) and proved plus probable (2P) categories [3][5][17] Reserves and Resources - The company achieved 2P reserves of 258 million barrels of oil equivalent (MMBOE) and unrisked best estimate contingent resources of 74 MMBOE in the Hoadley Glauconitic project [3][5] - Gran Tierra holds 118 million barrels of mean unrisked prospective resources across its Colombia and Ecuador prospects [3][5] - The total proved (1P) reserves are 142 MMBOE, while proved plus probable (2P) reserves are 258 MMBOE, and proved plus probable plus possible (3P) reserves are 329 MMBOE [7][17] Financial Metrics - The net present value (NPV) before tax discounted at 10% is reported as $1.5 billion for 1P, $2.5 billion for 2P, and $3.3 billion for 3P [5][7] - The net asset value (NAV) per share is $22.63 before tax and $13.62 after tax for 1P, and $51.09 before tax and $31.19 after tax for 2P [5][7] Production and Cash Flow - The company reported a reserve life index of 8 years for 1P and 15 years for 2P, indicating a robust production outlook [5][17] - PDP reserves continue to generate strong cash flow, supporting debt reduction and strengthening the balance sheet [4][5] Regional Insights - South America remains the principal source of reserves replacement and capital-efficient growth for the company, with significant new discoveries enhancing the reserves base [10][11] - In Canada, certain natural gas reserves were reclassified as contingent resources due to lower forecasted gas prices, but this reclassification has limited impact on the overall net present value [3][11] Future Development Costs - Future development costs (FDC) for 1P reserves are estimated at $888 million and $1.682 billion for 2P reserves, reflecting a decrease from the previous year primarily due to the reclassification of certain reserves [17][28]
Comstock Inc. Prices $50 Million Upsized and Oversubscribed Public Offering of Common Stock
Globenewswire· 2026-01-29 01:30
Core Viewpoint - Comstock Inc. has announced a public offering of 18,181,819 shares of common stock, aiming to raise approximately $50 million to fund its growth initiatives in the recycling and refining of metals from end-of-life solar panels [1][2]. Group 1: Offering Details - The offering consists entirely of shares sold by Comstock, with gross proceeds expected to be around $50 million before expenses [1]. - The underwriter has a 30-day option to purchase an additional 2,727,272 shares to cover over-allotments at the public offering price [1]. - The offering is led by existing shareholders and new institutional investors [1]. Group 2: Use of Proceeds - The net proceeds will be used for capital expenditures related to Comstock Metals LLC's second industry-scale facility, development of refining processes, site selections, and growth in the metals market [2]. - Any remaining funds will be allocated for general corporate purposes [2]. Group 3: Market Context - The company is experiencing strong momentum in the end-of-life solar panel market, with increasing demand for its recycling and refining solutions, particularly for silver and other critical metals [2]. - This capital infusion is expected to enhance the company's ability to scale its operations and execute its growth strategy [2]. Group 4: Company Overview - Comstock Inc. focuses on innovating and commercializing technologies that support clean energy systems by efficiently extracting and converting under-utilized natural resources into reusable metals [6].
Zacatecas Silver Announces Security Based Compensation Grants
Globenewswire· 2026-01-29 01:12
Core Points - Zacatecas Silver Corp. has granted 2,550,000 incentive stock options and 3,000,000 restricted share units to its officers, directors, key employees, and consultants [1] - The stock options are exercisable at a price of $0.135 per share and will expire five years from the date of grant [2] - Each restricted share unit allows the holder to acquire a common share of the company and will expire three years from the date of grant, with a one-year waiting period before they can be exercised [2]
Waton Financial Limited Reports Unaudited Financial Results for the First Six Months of Fiscal Year 2026
Globenewswire· 2026-01-29 00:55
Core Viewpoint - Waton Financial Limited reported significant revenue growth in the first half of fiscal year 2026, driven by increased investor interest in the Hong Kong market and expansion in brokerage operations [2][4]. Financial Performance - Total revenue increased by 106.3% to $6.10 million for the six months ended September 30, 2025, compared to $2.96 million for the same period in 2024 [4][5]. - Brokerage and commission income rose by 223.1% to $4.17 million, up from $1.29 million, reflecting increased trading volumes and customer engagement [5][12]. - Interest income increased by 83.8% to $0.96 million, supported by expanded margin financing to customers [5][12]. - Operating loss increased to $8.45 million from $0.92 million, primarily due to higher staff compensation and professional fees related to the IPO [5][8]. - Net loss rose to $8.37 million, or $0.17 per share, compared to a net loss of $1.15 million, or $0.03 per share, for the same period in 2024 [5][10][13]. - Adjusted net loss, excluding share-based compensation, was approximately $2.26 million, compared to $1.15 million in the prior year [11] . Cash and Assets - Cash and cash equivalents, plus cash segregated under regulatory requirements, increased by 115.0% to $29.88 million as of September 30, 2025, from $13.90 million as of March 31, 2025 [14]. - Total assets increased to $68.98 million from $30.72 million, reflecting business expansion [5][19]. Operating Costs - Total operating costs and expenses rose to $13.81 million from $3.88 million, mainly due to increased staff compensation and benefits [7][21]. - Compensation and benefits increased to $8.23 million from $1.47 million, driven by business expansion and share-based compensation expenses [12][21]. Other Financial Metrics - Total other expense, net increased to $0.66 million from $0.30 million, primarily due to changes in net asset value of investment securities [9][21]. - Net cash used in operating activities was $1.44 million, a decrease from $2.55 million in the prior year [18]. - Net cash provided by financing activities increased to $19.79 million, compared to net cash used of $1.90 million in the previous year, mainly due to IPO proceeds [18].
K2 Capital Acquisition Corporation Announces Pricing of Upsized $120 Million Initial Public Offering
Globenewswire· 2026-01-29 00:50
NEW YORK, Jan. 28, 2026 (GLOBE NEWSWIRE) -- K2 Capital Acquisition Corporation (the "Company") today announced the pricing of its upsized initial public offering of 12,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one right to receive one-fifth (1/5) of one Class A ordinary share at the closing of the Company’s initial business combination. The units are expected to trade on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "KTWOU" beginning on Janua ...
December 2025 Quarter Report
Globenewswire· 2026-01-29 00:15
Core Viewpoint - Perseus Mining reported sustained operational performance for the December 2025 quarter, with significant cash and bullion reserves, alongside ongoing project developments and production guidance for the 2026 financial year [2][4][7]. Operating Performance - Gold recovered in Q2 FY26 totaled 88,888 ounces, with a production cost of US$1,362 per ounce and an All-In Site Cost (AISC) of US$1,800 per ounce [4][7]. - The average sales price for gold was US$3,437 per ounce, leading to a notional cash flow of US$145 million for the quarter [4][7]. - The company holds a cash and bullion balance of US$755 million, in addition to liquid listed securities valued at US$229 million [7]. Production and Cost Guidance - Group gold production guidance for FY26 remains unchanged, with expected production from the Yaouré Gold Mine between 168,000 and 184,000 ounces, Edikan Gold Mine between 154,000 and 169,000 ounces, and Sissingué Gold Mine between 78,000 and 87,000 ounces [9][10]. - The overall production target for the Perseus Group is set between 400,000 and 440,000 ounces, with AISC ranging from US$1,600 to US$1,760 per ounce [9][10]. Project Developments - The CMA Underground development is progressing, with the first ore delivered in January 2026, and the Nyanzaga project is on track for first production in January 2027 [7]. - Gold production is expected to be weighted towards the second half of FY26 due to the inclusion of new higher-grade ore sources at Edikan and Sissingué [8].
The International Surface Event (tise) Announces Recipients of the "What’s Hot – Best of tise” 2026 Awards
Globenewswire· 2026-01-29 00:08
Winning companies include Mohawk, Cali, Arizona Tile, Full Circle Water, among others.LAS VEGAS, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Informa Markets' The International Surface Event (tise), the largest annual resource for the flooring, stone and tile industries, today announces the winners of the annual “What’s Hot – Best of tise 2026 Awards”. The awards are sponsored by Floor Covering News and Stone World. tise is the ultimate gathering to discover new products at the peak of the year's buying cycle, making ...