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VivoPower Advances US$308 Million Direct NASDAQ Spin-Off of Caret Digital
Prnewswire· 2025-06-16 11:00
Caret Digital subsidiary is to be spun off via a direct NASDAQ IPO at a target market capitalisation of US$308 millionNegotiations are progressing with strategic pre-IPO investors in the Middle East and Asia for investment of up to US$50 millionDedicated management team identified as well as renewable power sources at sub 3c/wattVivoPower shareholders as of future record date to receive five Caret Digital shares per VVPR share heldCaret Digital to continue mining DOGE following successful first phase, with ...
Blue Moon Metals Completes First Blast on Nussir Access Portal Ahead of Schedule
Globenewswire· 2025-06-16 10:45
TORONTO, June 16, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (“Blue Moon” or the “Company”) (TSXV: MOON; OTCQX: BMOOF), is pleased to announce that the company has commenced underground construction on the Nussir Mine completing the first blast on the access portal on June 12, 2025; ahead of schedule. Nussir’s mining contractor, Leonhard Nilsen & Sonner AS (“LNS”) will extend the decline approximately 2,500 meters providing a platform for further underground exploration. The exploration work to be compl ...
Buscar Company (CGLD) and the Eon Discovery Team have partnered with Mother Lode Mining to explore the potential of the Treasure Canyon Gold Mine, supported by a cutting-edge geological report
Prnewswire· 2025-06-16 10:00
Core Insights - Buscar Company has formed a strategic partnership with Mother Lode Mining, Ltd. to enhance its mining operations at the Treasure Canyon Gold Mine, which has an estimated 3.58 million troy ounces of gold equivalent valued at $11.99 billion [1][2] Strategic Partnership - The partnership with Mother Lode Mining, effective March 31, 2025, involves Dr. John Beagles overseeing the preparation of Phase 1 NI 43-101 and SEC-compliant SK-1300 reports, which will assess various valuable minerals [2] - These reports are expected to be completed in Q3 2025 and will include site planning, financial projections, and breakeven analyses to ensure compliance and transparency [2] Technological Innovation - Dr. Beagles is developing a proprietary Plasma Extractor System (PES) that could potentially increase gold recovery by 3 to 10 times, pending independent verification [3] Geological Report - A detailed geological report by Mars Mines Ltd confirms the significant potential of the Treasure Canyon project, reclassifying the deposits as Iron Oxide Copper-Gold (IOCG), indicating a rich association of valuable metals [4] - The report recommends further exploration methods such as soil geochemistry, magnetometry, and drilling to better understand the subsurface geology and expand the site's potential [4] Next Steps - On-site work is set to commence in mid-July 2025 to support the NI 43-101 report, with a commitment to sustainable mining practices and job creation [5] - The Phase 1 reports will guide advanced exploration and the potential integration of the Plasma Extractor System [5] Company Overview - Buscar Company is a diversified holding company focused on natural resources, sustainable technologies, and pharmaceuticals, with operations managed by its subsidiary Eon Discovery Inc. [6] - The company aims to drive growth and deliver shareholder value through innovation and diversification, following a strategic evolution that included a reverse merger in 2020 [6]
Placing and Subscription to raise £2,712,000
Globenewswire· 2025-06-16 06:00
Core Viewpoint - Vast Resources plc has successfully raised gross proceeds of £2,712,000 through a subscription and placing of new ordinary shares, aimed at enhancing its operational capabilities and financial support for ongoing projects [2][3]. Fundraising Details - The fundraising consists of a subscription for 60,571,428 new ordinary shares and a placing of 714,285,713 new ordinary shares at a price of 0.35p per share [2]. - The funds raised will be allocated for the primary beneficiation of diamond parcels, supporting a new technical team, and general working capital [3]. Admission and Share Capital - Applications will be made for the new ordinary shares to be admitted to trading on AIM, with the first admission expected around 19 June 2025 [4]. - Following the first admission, the total issued share capital will increase to 3,172,178,785 ordinary shares, with subsequent admissions raising it to 3,513,875,213 and 3,886,464,498 shares [6]. Company Overview - Vast Resources plc is an AIM-listed mining company with operations in Romania, Tajikistan, and Zimbabwe, focusing on advancing high-quality mining projects [9]. - The company owns the Baita Plai Polymetallic Mine in Romania, which has a JORC compliant resource report indicating a total mineral resource of 15,695 tonnes copper equivalent [10]. - In Tajikistan, Vast has a joint venture for the Takob Mine, providing a 12.25% royalty on sales, and is also managing the Aprelevka gold mines, aiming to increase production [13][14].
Africa: Zimbabwe Gold Rally Brings Riches to Rural Artisanal Miners
Bloomberg Television· 2025-06-14 05:00
All that glitters is gold. Literally, right now in Zimbabwe and across the continent, the price of gold has been surging and the informal miners contribute about 60% of all output in Zimbabwe. And that's pretty much almost the same ratio of give or take every year across the continent.So you're finding that their role is increasingly becoming important in the scheme of things right now when you're looking at the gold really, and nations which are, you know, gold rich, pretty much trying to cash in on this r ...
NioBay Announces Election of Directors
Globenewswire· 2025-06-13 10:28
Company Overview - NioBay Metals Inc. aims to lead in the development of mines with low carbon consumption and responsible water and wildlife management practices, emphasizing environmental, social responsibility, good governance, and stakeholder inclusion [4] - The company holds a 100% interest in the James Bay Niobium Project in Ontario and a 72.5% interest in the Crevier Niobium and Tantalum project in Québec, with an option to acquire an 80% interest in the Foothills project [4] Annual General Meeting (AGM) Highlights - The AGM was held on June 12, 2025, with shareholders representing over 46% of the total common shares attending [1] - New board members elected include Jean-Sébastien David, Josianne Beaudry, Laurence Farmer, Raymond Legault, Bruno Di Battista, and Serge Savard [2] - PricewaterhouseCoopers, LLP was re-appointed as auditors for the upcoming financial year, and the rolling stock option plan was re-approved [2] Stock Options Grant - Following the AGM, the company approved the grant of 1,215,000 incentive stock options to directors, officers, employees, and consultants [3] - One third of the stock options will vest immediately, while the remaining options are subject to a two-year vesting period, with a seven-year term at an exercise price of $0.06 [3] Industry Context - Niobium is a naturally occurring metal known for its ductility, malleability, and corrosion resistance, enhancing properties in various materials and applications across Mobility, Structural, and Energy sectors [5] - The addition of niobium to materials like steel, glass, and aluminum castings improves efficiency and reduces environmental impacts, thereby increasing their value [5]
Dundee Precious Metals Announces Proposed Acquisition of Adriatic Metals
Globenewswire· 2025-06-13 06:30
Core Viewpoint - Dundee Precious Metals Inc. has agreed to acquire Adriatic Metals plc for an implied equity value of approximately $1.3 billion, which will enhance DPM's asset portfolio and production capabilities through the acquisition of the Vareš operation in Bosnia and Herzegovina [1][3][6] Strategic Rationale - The acquisition of Vareš is expected to create a premier mining business with a strong growth profile and high-quality development pipeline [2][3] - Vareš will significantly increase DPM's mine life and provide near-term production growth, cash flow diversification, and a prospective land package [4][6] - The transaction is anticipated to unlock further value for shareholders of both companies and benefit local communities [4][6] Vareš Overview - Vareš is a high-grade precious metals underground mine with an initial operating life of 15 years and a prospective land package of 4,400 hectares [5][7] - The mine is expected to ramp up production to 425,000 gold equivalent ounces by 2027 [6] Technical Report Highlights - The independent technical report prepared for Vareš indicates a mineral reserve of 9.5 million tonnes with an average gold equivalent grade of 9.21 grams per tonne [10][11] - The life of mine operating costs are projected at $1,050 million, with an all-in sustaining cost of $893 per gold ounce [10][11] Financial Metrics - The base case NPV5% for Vareš is estimated at $1.6 billion, with projected post-tax cash flow of $2.1 billion over the initial mine life [11][12] - Initial capital expenditures for the project are estimated at $76 million, with sustaining capital of $143 million over the life of the mine [12] Transaction Summary - Under the terms of the transaction, Adriatic shareholders will receive 0.1590 DPM shares and 93 pence in cash for each Adriatic share, valuing each Adriatic share at £2.68 [13][14] - Post-transaction, DPM shareholders are expected to own approximately 75% of the enlarged issued share capital [16][18] Closing Conditions - The transaction is subject to approval from Adriatic shareholders, court approval, and regulatory approvals, including from the Bosnian Competition Council [17][18]
Thesis Gold Announces Upsize of Bought Deal Private Placement to C$24 Million
Globenewswire· 2025-06-12 15:11
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) -- Thesis Gold (“Thesis” or the “Company”) (TSXV: TAU | WKN: A3EP87 | OTCQX: THSGF) is pleased to announce that due to investor demand, the Company has increased the size of its previously announced underwritten offering (the “Offering”) from C$20 million to C$24 million. Scotia Capital Inc. (“Scotiabank”) is acting as sole bookrunner, together with C ...
Bitfarms CEO: Priority for bitcoin miner 'entirely in HPC and the AI opportunity'
CNBC Television· 2025-06-12 14:48
Joining me right now is the CEO of Bit Farms, Ben Gon. Thank you very much for joining us here at Bitcoin 2025. Thank you for having me.It's great to be here. A lot of excitement in the air. Bitcoin hit a new record last week, just under $112,000.Record attendance here. 35,000 people. That's a bump from 25,000 people last year when the conference was in Nashville.So, I see that Vidit Farms is actually a sponsor of the event, and I'm wondering what prompted you to be a key participant of Bitcoin 2025 here in ...
Operational Update
Globenewswire· 2025-06-12 06:00
12 June 2025 Vast Resources plc ("Vast" or the "Company") Operational Update Vast Resources plc, the AIM quoted mining company, is pleased to announce that it has established a group technical services function including the input of experienced mining engineers, geologists and operations management which will be tasked with undertaking a review of Vast's existing asset base. The focus will be to establish a sustainable operational plan that will subsequently support ongoing technical studies aimed at unloc ...