NOVAGOLD and Paulson's Alaska Site Visit Builds Momentum in Donlin Gold's Path to Development
Globenewswire· 2025-08-20 23:20
Core Viewpoint - NOVAGOLD and Paulson Advisers LLC are advancing the Donlin Gold project in Alaska, focusing on stakeholder engagement and preparing for a Bankable Feasibility Study (BFS) amid a favorable gold market [1][2][3]. Group 1: Project Development and Stakeholder Engagement - A project workshop was held in July 2025 in Alaska, involving key stakeholders and representatives from NOVAGOLD and Paulson, aimed at advancing the Donlin Gold project [1]. - Meetings with local stakeholders, including Calista Corporation and The Kuskokwim Corporation (TKC), emphasized collaboration and the project's commitment to responsible development [2][3]. - The project is expected to produce over one million ounces of gold annually over a 27-year mine life, highlighting its significance as one of the largest gold mines in the U.S. [13]. Group 2: Strategic Planning and Infrastructure - A contract has been awarded to prepare the Request for Proposals (RFP) for the updated BFS, with top-tier engineering firms expected to be selected by Q4 2025 [3][11]. - Discussions with natural gas pipeline developers are ongoing to explore options for delivering natural gas to Southcentral Alaska, which could benefit the Donlin Gold project [10]. - The 2025 drill program has been completed, focusing on converting and expanding reserves, with an additional 3,000 meters approved for geotechnical drilling [12][17]. Group 3: Company Overview and Financial Position - NOVAGOLD is well-financed and focuses on developing the Donlin Gold project, which has approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories [13][17]. - The project is regarded as one of the largest and highest-grade open-pit gold deposits globally, with significant potential for future production [13].
Canadian North Resources Inc. Reports Operational and Financial Results for the Second Quarter Ended June 30, 2025
Globenewswire· 2025-08-20 22:52
Core Viewpoint - Canadian North Resources Inc. reported significant advancements in its bio-leaching tests aimed at enhancing the recovery of nickel, cobalt, copper, and PGE from the Ferguson Lake Project, indicating a potential for a low-cost, low-carbon mining operation [2][3][4]. Operational Highlights - The company expanded its bio-metallurgical programs, achieving nickel extraction rates of 97.86-98.5% and cobalt extraction rates of 96.9-97.7%, with ongoing efforts to achieve high recoveries of copper and PGE [4][5]. - The company is actively engaging with local governments and Indigenous communities to secure necessary permissions and permits for environmental baseline studies [5][6]. Financial Performance - For the quarter ended June 30, 2025, the company reported cash and cash equivalents of $143,233 and a net loss of $292,890, equating to $0.00 per share [7]. Project Development - The Ferguson Lake Project is recognized as one of the largest and highest-grade copper-nickel-cobalt-PGE deposits in North America, with a substantial mineral resource estimate [6][10]. - The project contains Indicated Mineral Resources of 66.1 million tonnes, including 1,093 million pounds of copper, 678 million pounds of nickel, and 79.3 million pounds of cobalt, among other valuable metals [10]. Strategic Initiatives - The company has initiated a Normal Course Issuer Bid, repurchasing 202,300 common shares at an average price of $0.98 per share, reflecting management's commitment to enhancing shareholder value [6][11].
Perseus Mining Executes Key Nyanzaga Agreements
Globenewswire· 2025-08-20 22:40
Perth, Aug. 21, 2025 (GLOBE NEWSWIRE) -- PERSEUS EXECUTES KEY NYANZAGA AGREEMENTS WITH TANZANIA Perth, Western Australia/August 21, 2025/Perseus Mining Limited (ASX/TSX: PRU) is pleased to announce a formal signing ceremony at Perseus's Nyanzaga Gold Project in Tanzanian (NGP) on 20 August 2025 to execute mission critical agreements between the Tanzanian Government and Perseus's subsidiary, Nyanzaga Mining Company Limited. These Agreements are the result of extensive negotiations conducted between Perseus a ...
Rubicon Technology, Inc. to acquire Janel Group LLC
Globenewswire· 2025-08-20 22:06
Core Viewpoint - Rubicon Technology, Inc. has entered into a definitive merger agreement to acquire Janel Group LLC, making it a wholly owned subsidiary of Rubicon, with Janel Corp receiving shares of Rubicon common stock [1][3]. Company Overview - Janel Group, based in Garden City, New York, is a non-asset based, full-service provider of cargo transportation logistics management services, with revenues of approximately $181.3 million and operating income of approximately $8.7 million for the 12-month period ended June 30, 2025 [2][11]. - Rubicon Technology specializes in advanced materials, particularly monocrystalline sapphire products for optical systems and specialty electronic devices [9]. Transaction Details - Janel Corp will sell all issued and outstanding equity of Janel Group to Rubicon in exchange for 7,000,000 shares of Rubicon common stock, valued at $4.75 per share, while Rubicon will assume approximately $23 million of Janel Group's indebtedness [4]. - Following the transaction, Janel Corp will own approximately 86.5% of Rubicon's common stock, increasing from 46.6% prior to the transaction [5]. Financial Implications - The transaction allows Rubicon to acquire a profitable business and gain better access to capital, with Janel Corp shareholders benefiting from their ownership of Rubicon [3]. - Rubicon will gain access to a total of $35 million in borrowing capacity as part of a revolving credit facility under Janel Corp's existing credit line [4]. Governance and Compliance - The existing governance, nomination, and voting agreement will remain in place, requiring review and approval by Rubicon's independent directors for related party transactions until Janel Corp or its affiliates acquire more than 90% of Rubicon's outstanding stock [5]. - Rubicon has adopted a stockholder rights plan to protect its net operating loss carryforwards, and the board has determined that the transaction will not impair these carryforwards [6]. Future Plans - Janel Corp plans to make a tender offer for an additional 400,000 shares of Rubicon stock at $4.75 per share, contingent upon a successful Rubicon stockholder vote, which would increase Janel Corp's ownership to approximately 90.7% of Rubicon's common stock [7].
Fluence and ACE Engineering Launch State-of-the-Art Automated Energy Storage Factory in Vietnam
Globenewswire· 2025-08-20 22:00
Core Insights - Fluence Energy, Inc. has opened a new automated production facility in Bac Giang Province, Vietnam, aimed at manufacturing advanced energy storage solutions [1][2] - The facility is projected to have an annual manufacturing capacity of 35 GWh, enhancing productivity and safety in energy storage production [2] - The partnership with ACE Engineering is emphasized as a strategic move to improve manufacturing excellence and meet customer demands effectively [3] Company Overview - Fluence Energy is a leader in intelligent energy storage and optimization software, contributing to a more resilient grid and maximizing renewable energy potential [4] - The company operates in nearly 50 markets, with numerous projects contracted and managed, showcasing its significant role in the energy sector [4] Strategic Importance - The new facility represents a crucial milestone in addressing the growing global demand for high-performance energy storage solutions [2] - The collaboration with ACE Engineering aims to provide flexible manufacturing solutions, shorter lead times, and high-quality standards for customers [3]
BWR Exploration Inc. Enters into an Amalgamation Agreement with Electro Metals and Mining Inc.
Globenewswire· 2025-08-20 21:39
Core Viewpoint - BWR Exploration Inc. has entered into an amalgamation agreement with Electro Metals and Mining Inc. to create a new entity focused on critical metals projects, particularly a copper-zinc-silver-gold project in Quebec, while also consolidating its shares and raising funds through concurrent financing [1][3][4]. Proposed Transaction Highlights - The completion of the Proposed Transaction is contingent upon successful concurrent financing, shareholder approval, and regulatory approval [2]. - BWR will consolidate its shares at a ratio of one post-consolidation share for every 9.5 pre-consolidation shares, resulting in approximately 13.42 million shares outstanding post-consolidation [5][6]. - Electro shareholders will own approximately 74% of the new company, which will be named Electro Metals Corp. [5][6]. Financial Aspects - BWR aims to raise up to $1,500,000 through hard dollar unit financing at $0.20 per unit and up to $2,250,000 through flow-through common share units [6][15][16]. - The deemed value of BWR shares post-consolidation will be $0.021, reflecting a significant premium compared to the previous trading price of $0.01 [6][8]. - The Resulting Issuer is expected to have between 65 million and 70 million shares outstanding after the transaction [17]. Management and Structure - The new Board of Directors will consist of four nominees from Electro and three from BWR, with key executives retaining their roles in the new company [6][21][24]. - Daryl Hodges will serve as CEO, while Neil Novak will be President of the Resulting Issuer [24][25]. Company Background - Electro Metals is focused on the acquisition and exploration of precious and critical metals in Quebec, with a significant project near Rouyn-Noranda that has historical production [36][37]. - BWR is a junior exploration company with properties in Quebec, Ontario, and Manitoba, each requiring further exploration to elevate resource classification [39].
ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of July 2025
Globenewswire· 2025-08-20 21:30
Group 1 - ArrowMark Financial Corp. announced an estimated and unaudited Net Asset Value (NAV) of $22.22 as of July 31, 2025 [1] - ArrowMark Financial is a non-diversified, closed-end fund listed on NASDAQ under the symbol "BANX" with the objective of providing current income to shareholders [2] - The fund primarily invests in regulatory capital securities of financial institutions and is managed by ArrowMark Asset Management, LLC [2] Group 2 - The company's financial reports and regulatory filings are available on the SEC's website and its own website [4]
Brazil Potash Executes Definitive Offtake Agreement With Keytrade Fertilizantes Brasil for ~900,000 Tons of Fertilizer
Globenewswire· 2025-08-20 21:30
Core Viewpoint - Brazil Potash Corp. has secured a significant commercial offtake agreement with Keytrade Fertilizantes Brasil, marking a major milestone in the development of its Autazes Potash Project, which aims to enhance Brazil's agricultural sustainability and reduce reliance on potash imports [1][3]. Agreement Details - The binding agreement establishes a 10-year take-or-pay commitment for Keytrade to purchase up to approximately 900,000 tons of potash annually from the Autazes Potash Project [2][8]. - This agreement finalizes a memorandum of understanding announced on January 16, 2025, and complements an existing agreement with Amaggi Exportacão e Importacão Ltda., bringing total binding commitments to approximately 1.45 million tons of the planned 2.4 million tons of annual production [3][7]. Commercial Strategy Progress - With the Keytrade agreement finalized, Brazil Potash has secured binding offtake agreements covering around 60% of its planned production capacity, with ongoing discussions that could increase this to approximately 91% [5]. - The remaining production is reserved for spot sales to support farmers and accommodate maintenance outages [5]. Strategic Importance - The agreement supports Brazil's National Fertilizer Plan by producing a critical mineral that strengthens the domestic agricultural supply chain [7]. - Keytrade's commitment represents a strategic step toward reducing Brazil's reliance on imports and fostering economic growth in the Amazon region [3][10]. Production and Financial Structure - Keytrade will purchase 30% to 37% of Brazil Potash's annual production, with pricing structures that include a marketing fee and profit-sharing provisions [8]. - The agreement aligns with the company's project financing requirements, ensuring long-term revenue visibility and stability [8]. Background Information - Brazil Potash is developing the Autazes Project to supply sustainable fertilizers, aiming to meet approximately 20% of Brazil's current potash demand while mitigating greenhouse gas emissions [10]. - Keytrade AG, established in Switzerland, is a leading global fertilizer company with a strong presence in Brazil, focusing on sustainable agriculture [9].
Titan Announces Results of its Annual Shareholders’ Meeting
Globenewswire· 2025-08-20 21:14
GOUVERNEUR, N.Y., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI, OTCQB: TIMCF) (“Titan” or the “Company”) announces that all matters presented for approval at Titan’s annual meeting of shareholders held today, as more particularly set out in the Company’s Management Information Circular dated July 9, 2025, have been approved. A summary of the results for the election of Titan’s Board of Directors is provided below: Name of NomineeVotes ForVotes AgainstVotes WithheldNumber%Number%Number ...
Avante Announces Timing of Fiscal First Quarter Investor Webinar
Globenewswire· 2025-08-20 21:01
Group 1 - Avante Corp Inc. will host an investor webinar on August 27, 2025, to provide a corporate update and discuss fiscal first quarter results [1][2] - The webinar will be led by Emmanuel Mounouchos, CEO, and Raj Kapoor, CFO of Avante [1] - The company aims to deliver advanced security solutions globally, focusing on high-net-worth families and corporations [3] Group 2 - Avante Corp is a Toronto-based provider of technology-enabled security solutions for residential and commercial clients [3] - The company has developed a diversified security platform leveraging advanced technology to enhance service quality [3] - Avante is pursuing organic growth and strategic acquisitions to build a broad portfolio of security businesses [3]