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Fuse Battery Announces Annual General Special Meeting Results, Subscription Receipt Financing and Update on the Reverse Take Over with Pointor AI
Thenewswire· 2025-12-23 21:30
Core Viewpoint - Fuse Battery Metals Inc. has successfully held its Annual General and Special Meeting, with all resolutions approved by over 99.044% of votes in favor, including the significant Reverse Take Over (RTO) transaction with Pointor AI [1][3]. Group 1: Meeting Resolutions - The following individuals were re-elected as Directors: Tim Fernback, Robert Setter, Ryan Cheung, Chip Richardson, and Andrew Gertler [2]. - SHIM & Associates LLP was re-appointed as the Company’s auditors [3]. - The RTO with Pointor AI was approved, transitioning the Company from a Tier 2 Mining Exploration Company to a Tier 2 Technology Company [3]. Group 2: RTO Transaction Details - Fuse will acquire Pointor AI through the issuance of 50,000,000 common shares at a deemed price of $0.05 per share [7]. - The RTO transaction includes a CAD$2.0 million private placement financing, with shares issued at CAD$0.05 per share [8]. - Performance escrow conditions will apply to the shares issued as part of the transaction, with specific milestones for release [9][10]. Group 3: Financial Overview of Pointor AI - As of September 30, 2025, Pointor AI reported total assets of $7,627 and total liabilities of $32,600, with expenses amounting to $25,073 and a loss per share of $(2.51) [5][6]. Group 4: Management Changes - Following the RTO, Tim Fernback will serve as President and CEO, with Robert Guanzon as CFO and Tina Whyte as Secretary [4]. - New proposed management includes Jessie Johnson as CEO, Tarka L'Herpiniere as CTO, and Oliver Willett as Strategic Advisor, all bringing extensive experience in their respective fields [18][21][24]. Group 5: Use of Funds from Private Placement - The estimated available funds from the private placement will be allocated as follows: CAD$400,000 for Research and Development, CAD$200,000 for Product Marketing and Sales, CAD$400,000 for Management Salaries and G&A, and CAD$150,000 for Legal and Regulatory Expenses [15]. Group 6: Company Background - Fuse Battery Metals Inc. is focused on the exploration of high-value metals essential for battery manufacturing and trades under the symbol FUSE on the TSX Venture Exchange [28].
Rocky Shore Strengthens Its Gold Anchor Project by Adding Two Significant Historical Gold Resources
Globenewswire· 2025-12-02 12:00
Core Viewpoint - Rocky Shore Gold Ltd. has entered into option and purchase agreements to acquire key mining claims in central Newfoundland, enhancing its strategic position in a promising gold belt [1]. Group 1: Properties - The Huxter Lane Property consists of 90 claims covering 2,250 hectares and hosts the Mosquito Hill Gold Deposit, classified as a porphyry-controlled gold deposit [3]. - The Brady Property includes four claims over 100 hectares, hosting the Reid Gold Deposit, also classified as a porphyry-controlled gold deposit, with an inferred mineral resource of 9,570,000 tonnes at 0.56 g/t gold, equating to approximately 173,000 gold ounces [5]. - Both properties are adjacent to the Gold Anchor Project, which contains two large porphyry-controlled gold deposits and is strategically located near the Lane Pond Gold Target along the Appleton Fault [7]. Group 2: Transaction Terms - The Huxter Lane Option Agreement allows the company to earn a 100% interest in the Huxter Lane Property through cash payments and share issuances, with a total of $650,000 in cash and 15,000,000 shares over four years [10][11]. - The Brady Property Purchase Agreement involves a cash payment of $75,000 and the issuance of 1,000,000 common shares for a 100% interest, with a 0.5% NSR retained by the vendor [13]. Group 3: Strategic Importance - The acquisition of both properties is seen as strategically important due to the current high gold prices and the potential for significant historical gold resources to be added to the Gold Anchor Project [6]. - The company plans to conduct a maiden drill program at the Lane Pond Gold Target this winter and aims to compile data from both deposits to identify additional untested porphyry targets for future drilling [6].
Lode Gold's Planned Spin Co, Gold Orogen, Reports Results of Prospecting and Soil Geochemical Survey Work at McIntyre Brook and Riley Brook - Samples up to 7 g/t Gold
Newsfile· 2025-10-07 13:00
Core Insights - Lode Gold Resources Inc. has reported promising results from prospecting and soil geochemical surveys at its McIntyre Brook and Riley Brook properties, indicating high-grade gold samples of up to 7 g/t [2][4][7] - The Acadian Gold joint venture, which includes Lode Gold and Fancamp Exploration, holds a significant land package of 445 km² in a highly prospective region for gold and polymetallic mineral discovery in northern New Brunswick [3][18] - The upcoming drill program planned for Fall 2025 will be guided by the encouraging results from the recent exploration work [2][4] Exploration Highlights - A prospecting and trenching program conducted in May-June 2025 revealed high-grade rock grab samples, extending the known favorable horizon of Area 2 (McIntyre Brook Prospect) to a minimum strike length of 3 km [4][6] - Soil geochemical surveys have identified gold-in-soil anomalies and prominent electromagnetic conductors, supporting the exploration strategy [6][7] - Notable assay results include up to 6.9 g/t Au from trench T25-1 and a 275 ppb Au stream sediment sample, the highest value from a 1981 regional sampling program [4][5] Strategic Positioning - The McIntyre Brook property is adjacent to Puma Exploration's Williams Brook Project, which has an option agreement with Kinross Gold, enhancing its strategic value [3][18] - The joint venture's holdings are positioned in a geologic domain that hosts other gold-focused firms, indicating potential for significant discoveries [18][19] - The combination of high-grade assays and extensive land holdings positions the company as a key player in the emerging gold exploration landscape in New Brunswick [7][18]
Fuse Battery Announces the Signing of the Share Exchange Agreement with Pointor AI for a Proposed Change of Business/Reverse Take-Over
Thenewswire· 2025-09-16 17:35
Core Viewpoint - Fuse Battery Metals Inc. has entered into a formal Share Exchange Agreement to acquire 100% of Pointor AI, a recruitment technology company focused on artificial intelligence, which is expected to enhance Fuse's business operations and shareholder value [1][2][5]. Company Overview - Fuse Battery Metals Inc. is a Canadian exploration company focused on high-value metals for battery manufacturing, trading under the symbol FUSE on the TSX Venture Exchange [37]. - Pointor AI is a newly incorporated private company in British Columbia, dedicated to AI software commercialization for the HR and recruitment industries [4]. Transaction Details - The acquisition will be executed through a share exchange transaction involving the issuance of 50,000,000 common shares at a deemed price of $0.05 per share [10]. - The transaction is subject to shareholder approval and TSX Venture Exchange (TSXV) approval [1][22]. Pointor AI's Business Model - Pointor AI's platform aims to reduce executive and specialist hiring time by 80% and costs by up to 90% compared to traditional methods, which typically charge 30-35% of the first-year salary [2][8]. - The company employs a dual revenue model: a per-placement fee model and an enterprise subscription model, with an average monthly fee of £5,000 [7]. Market Potential - The global recruitment market is valued at US$757 billion in 2024 and is projected to reach US$2.3 trillion by 2033, with a CAGR of 13.1% [6]. - Pointor AI targets large enterprises with over 10,000 employees, focusing initially on the UK and North America, with plans for expansion into the EU and Asia [6]. Technology and Innovation - Pointor AI's platform utilizes machine learning and natural language processing to analyze publicly available professional data, offering features like competitor research and salary benchmarking [3]. - The platform's architecture consists of four layers: data collection, processing, intelligence, and interface, designed to provide an intuitive user experience [3]. Management Team - The management team of Pointor AI includes Jessie Johnson as CEO, Tarka L'Herpiniere as CTO, and Oliver Willett as Strategic Advisor, all of whom bring extensive experience in technology and recruitment [4][25][30]. - Jessie Johnson has over 20 years of experience in executive search and has successfully expanded operations into international markets [25][26]. Financial Information - Financial statements for Pointor AI were not available at the time of the news release, and summary financial information will be disclosed later [9]. - The company plans to complete a private placement of subscription receipts for a minimum of CAD$2.0 million to support the transaction [20].
New Found Gold (NFGC) Update / Briefing Transcript
2025-07-22 15:00
Summary of New Found Gold (NFGC) Update / Briefing July 22, 2025 Company Overview - **Company**: New Found Gold Corp (NFGC) - **Project**: Queensway Gold Project located in Gander, Newfoundland and Labrador Core Points and Arguments 1. **Preliminary Economic Assessment (PEA)**: The PEA indicates a robust operation for the community, with a phased approach to mining. Phase one involves a 700 ton per day open pit, followed by a 7,000 ton per day open pit in phase two, and underground mining in phase three [2][6][9]. 2. **Production Estimates**: - Phase one is expected to produce over 69,000 ounces annually at an all-in sustaining cost (AISC) of $1,282 per ounce [8]. - Phase two anticipates an average production of 172,000 ounces per year at an AISC of just under $1,100 from years five to nine [9][43]. - Total life of mine production is projected at 1,500,000 ounces [12]. 3. **Net Present Value (NPV)**: The NPV at a gold price of $2,500 is estimated at $743 million, with a high rate of return of 56.3% and a payback period of less than two years on initial capital of $155 million [11][43]. 4. **Resource Conversion**: The PEA shows a conversion of 92% of indicated resources and 74% of inferred resources into the mine plan, indicating strong resource confidence [12][18]. 5. **Mining Methods**: The project will utilize conventional open pit mining methods and a cut-and-fill method for underground mining, with a focus on high-grade material first [10][14]. 6. **Environmental Considerations**: The project plans to use in-pit tailings deposition, which is considered best-in-class for risk mitigation regarding long-term environmental liabilities [20][21]. Exploration and Future Plans 1. **Ongoing Exploration**: The company plans to continue exploration activities in 2025, focusing on converting inferred resources to indicated and expanding the resource base along known fault zones [24][25]. 2. **New Discoveries**: Recent drilling has identified new mineralization not captured in the current mineral resource estimate (MRE), particularly in the Keats West area [27][28]. 3. **Depth Potential**: The company is exploring deeper drilling opportunities, with promising results indicating that mineralization persists at greater depths [35][36]. 4. **Regional Potential**: The acquisition of Labrador Gold's Kingsway project has expanded the strike length by over 13 kilometers, enhancing the potential for new discoveries [37][41]. Financial and Operational Insights 1. **Capital Expenditures**: Total capital expenditures for the project are estimated at $1.065 billion, with phase one requiring $155 million [43][45]. 2. **Operating Costs**: The operating cost for mining is projected at $4.91 per ton moved, with processing costs averaging just under $21 per ton [45][46]. 3. **Leverage to Gold Price**: For every $100 increase in gold price, the NPV increases by approximately $89 million, indicating significant leverage to gold price fluctuations [47]. Additional Important Information 1. **Community Support**: The company has received strong support from local communities and the government, which is crucial for project advancement [5][52]. 2. **Permitting Timeline**: The company anticipates a two-year permitting process, with construction expected to begin in early 2027 [48][49]. 3. **Sustainability Focus**: The project emphasizes sustainability, with ongoing assessments to ensure that tailings management does not lead to long-term environmental issues [88]. This summary encapsulates the key points from the New Found Gold briefing, highlighting the company's strategic approach, production forecasts, exploration potential, and financial metrics.