Core Viewpoint - Surge Copper Corp. is advancing its Berg Project through a non-brokered equity financing of up to $6.4 million, aimed at completing a Preliminary Feasibility Study and initiating early-stage permitting activities as part of its 2025 objectives [1] Financing Details - The financing will occur through two concurrent private placements: 1. LIFE Offering: Up to 14.3 million common shares at $0.175 per share, raising up to $2.5 million, expected to close in two to three weeks [2] 2. Concurrent Strategic Investment: A significant existing strategic investor will purchase common shares at the same price, potentially raising up to $3.9 million, expected to close within four to six weeks [3] - The Company may increase the size of the LIFE Offering based on demand [4] Use of Proceeds - Net proceeds from the Offering will fund engineering, environmental, and early-stage permitting activities at the Berg Project, supporting the completion of a Preliminary Feasibility Study and entry into the Environmental Assessment process [5] Company Overview - Surge Copper Corp. is focused on developing a critical metals district in British Columbia, owning a large mineral claim package with advanced porphyry deposits containing copper, molybdenum, gold, and silver [11] - The Company holds a 100% interest in the Berg Project, which has a maiden PEA indicating a large-scale project with an NPV8% of C$2.1 billion and an IRR of 20% based on long-term commodity prices [12]

Core Concept - The weighted average cost of capital (WACC) calculates a company's cost of capital [1] - WACC proportionately weighs a company's use of debt and equity financing [1]

Core Viewpoint - Castellum, Inc. has announced a public offering of 4,166,667 Units at a price of $1.20 per Unit, aiming to raise approximately $5.0 million for working capital and general corporate purposes [1][2][3]. Group 1: Offering Details - Each Unit consists of one share of common stock and one warrant to purchase one share of common stock, with warrants exercisable at $1.22 per share and expiring 60 days from issuance [1][2]. - The offering is expected to close on or about June 13, 2025, subject to customary closing conditions [2]. Group 2: Financial Information - Gross proceeds from the offering are anticipated to be around $5.0 million before deducting placement agent fees and estimated offering expenses [2]. - Maxim Group LLC is acting as the sole placement agent for the offering on a reasonable best-efforts basis [2]. Group 3: Regulatory Information - A shelf registration statement on Form S-3 relating to the securities was filed with the SEC and became effective on January 24, 2025 [3]. - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with a final prospectus supplement to be filed as well [3].

Core Points - Bunker Hill Mining Corp. has secured total funding of US$10.3 million, which includes US$6.5 million from a brokered private placement and US$3.8 million from debt settlement and equity payments [1][2][9] - The capital restructuring is supported by an equity investment from Teck Resources Limited, involving the conversion of certain outstanding debt into equity and modifications to existing financing arrangements with Sprott Streaming [1][5][20] - The company aims to use the proceeds from the offerings to advance the construction and ramp-up of the Bunker Hill Zinc-Silver-Lead Mine, targeting 85% project completion by Q4 2025 [7][9][33] Equity Financing Developments - The brokered private placement will issue up to 62,086,187 units at a price of US$0.105 (C$0.15) per unit, potentially raising approximately US$6.5 million [4][5] - Teck has committed to contribute US$2.00 for every US$1.00 raised in the brokered offering, with a lead order of up to 209,523,809 units [5][6] - Each unit will consist of one common share and one-half of a warrant, with each whole warrant exercisable for one additional common share at a price of C$0.25 for three years [6][19] Debt Restructuring Developments - The company plans to issue up to 263,690,476 common shares to Sprott Streaming as part of the debt restructuring transactions [20][27] - The restructuring includes a 40% reduction in total debt, a 58% reduction in gross revenue royalty costs, and a 22% improvement in the debt-to-total capitalization ratio [7][20] - The company intends to settle approximately US$3,072,254 and C$195,000 in outstanding receivables through equity securities at the offering price [15][16] Project Development and Future Plans - The company aims to achieve sustainable free cash flow by H1 2026, with plans to raise an additional US$30 million in equity by the end of Q4 2025 [7][9] - The processing plant is expected to be 100% complete and start commissioning, with underground development also reaching 100% completion [7][9] - The company is focused on maximizing shareholder value while responsibly developing its mining assets in the Silver Valley [33]