Base Shelf Prospectus
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Nicola Mining Announces Plans to Uplist on NASDAQ and Filing of Short Form Base Shelf Prospectus
Newsfile· 2025-10-27 13:00
Core Viewpoint - Nicola Mining Inc. is planning to uplist its common shares to NASDAQ under the symbol "NICM" and has filed a Preliminary Short Form Base Shelf Prospectus with Canadian regulatory authorities [1][2]. Group 1: Uplisting Plans - The company has submitted a listing application to NASDAQ for its common shares [1]. - The uplisting is part of a strategy to enhance its visibility and access to capital markets in the United States [1]. Group 2: Shelf Prospectus Details - Nicola Mining is allowed to offer Qualified Securities, including preferred shares, debt securities, and common shares, for up to C$10,000,000 over a 25-month period following the receipt of the Final Shelf Prospectus [2]. - The Preliminary Shelf Prospectus contains essential information regarding the Qualified Securities, which will not be sold until the Final Shelf Prospectus is approved [3][4]. Group 3: Company Overview - Nicola Mining Inc. is a junior mining company with a 100% owned mill and tailings facility located in British Columbia, capable of processing gold and silver [6]. - The company owns the New Craigmont Project, a high-grade copper property covering over 10,800 hectares, and the Treasure Mountain Property, which includes 30 mineral claims over 2,200 hectares [7].
Pulsar Helium Inc. Announces Filing of Preliminary Short Form Base Shelf
Globenewswire· 2025-10-16 06:00
Core Viewpoint - Pulsar Helium Inc. has filed a preliminary short form base shelf prospectus allowing for the potential offering of securities up to an aggregate amount of US$50 million over a 25-month period [2][3]. Group 1: Company Overview - Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange, TSX Venture Exchange, and OTCQB, focusing on helium exploration and development [7]. - The company’s flagship projects include the Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland, both of which are primary helium occurrences not associated with hydrocarbon production [7]. Group 2: Securities Offering - The preliminary base shelf prospectus will enable the company to offer common shares, debt securities, warrants, subscription receipts, and units, with specific terms to be established at the time of offering [2]. - The company currently has no immediate plans to raise capital, and there is no certainty that any securities will be offered or sold under the base shelf prospectus during its term [2]. Group 3: Market Distribution - The base shelf prospectus may qualify for "at-the-market distributions," allowing sales of securities into existing Canadian or other trading markets, subject to terms described in any applicable shelf prospectus supplement [3].
Trilogy Metals Reports Second Quarter Fiscal 2025 Financial Results and Provides Updated Cash Position
Prnewswire· 2025-07-10 10:30
Core Viewpoint - Trilogy Metals Inc. reported its financial results for the second quarter ended May 31, 2025, highlighting a net loss and ongoing corporate activities, including the establishment of a Base Shelf Prospectus and an ATM Program for future capital raising [1][5][12]. Financial Results - For the three-month period ended May 31, 2025, the company reported a net loss of $2.2 million, an increase from a net loss of $1.8 million for the same period in 2024, primarily due to higher regulatory expenses and legal fees [8][9]. - For the six-month period ended May 31, 2025, the net loss was $5.8 million, compared to $5.4 million for the same period in 2024, driven by increased regulatory expenses and legal fees [9]. Corporate Activities - The Annual General Meeting (AGM) was held on May 13, 2025, where all nominated directors were elected with over 94% of votes in favor [2]. - The company established a Base Shelf Prospectus allowing for the future issuance of up to $50 million in securities and an ATM Program for selling up to $25 million in common shares [3][4]. Liquidity and Capital Resources - As of May 31, 2025, the company had cash on hand of $24.6 million and working capital of $23.8 million, sufficient to fund its approved fiscal 2025 cash budget of $3.1 million [11][12]. - The company utilized $1.4 million for operating activities during the six-month period, mainly for corporate salaries and professional fees [10]. Shareholder Engagement - The shareholders voted in favor of continuing the company's Restricted Share Unit Plan and Deferred Share Unit Plan during the AGM [2]. Exploration and Development - Trilogy Metals holds a 50% interest in Ambler Metals LLC, which has a 100% interest in the Upper Kobuk Mineral Projects in Alaska, focusing on copper-dominant mineral exploration [15][16].