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Upcoming Guidance and Costerfield and Björkdal Clarification
Globenewswire· 2025-08-18 08:03
Core Viewpoint - Alkane Resources Limited is preparing to release Production Guidance for FY2026 and the Annual Resources and Reserves Statement following the merger with Mandalay Resources Corporation, with expectations to provide updates in September 2025 [3][4]. Production Results - The company has announced consolidated production results for FY2025, detailing production from its Costerfield and Björkdal projects, including metal equivalents calculations [2][6]. - Costerfield produced a total of 143,219 tonnes of ore mined with an average gold grade of 9.54 g/t and an antimony grade of 0.75 tonnes for the year [10][11]. - Björkdal mined 910,663 tonnes of ore with an average gold grade of 1.36 g/t, and milled 1,400,734 tonnes of ore with a head grade of 1.09 g/t [10][11]. Revenue and Costs - Costerfield generated a revenue of US$136.842 million for FY2025, while Björkdal contributed US$128.081 million [10][11]. - The cost of sales excluding depreciation and depletion for Costerfield was US$49.478 million, and for Björkdal, it was US$67.268 million [10][11]. Mine Life Information - The company has retracted previously reported mine life information for Costerfield and Björkdal, clarifying that the estimates were based on foreign mineral reserves and not compliant with the JORC Code [7][8][9]. - Future releases will not include such mine life information to avoid misinterpretation as production targets [9]. Resource and Reserve Estimates - Alkane is converting mineral resources and reserves estimates from NI 43-101 to JORC Code compliance for Costerfield and Björkdal, aiming to include these in the 2026 Annual Resources and Reserves Statement [5]. Company Overview - Alkane Resources operates three mines in Australia and Sweden, focusing on gold and antimony production, and is positioned for further growth with a strong balance sheet [12][13].
Prime Drink Group Provides Bi-Weekly MCTO Status Report and Announces Closing of Private Placement
Globenewswire· 2025-08-16 00:44
Core Points - Prime Drink Group Corp. has received an extension from the British Columbia Securities Commission to file its annual financial statements, now due by September 29, 2025 [1][2] - A management cease trade order has been issued, preventing the CEO and CFO from trading the company's securities until the annual financial filings are submitted [2] - The company will continue to provide bi-weekly default status reports until the annual financial filings are completed [3] Private Placement - The company completed a non-brokered private placement, raising gross proceeds of $845,000, issuing 10,242,424 common shares and 7,681,818 warrants [4] - Broker warrants were issued as finders' fees, totaling 921,818, with the same purchase price of $0.11 per share for three years [5] - The net proceeds from the private placement will be used for business development and general working capital [6]
Kingman Minerals Ltd. Announces AGM Extension and Non-Brokered Private Placement
Newsfile· 2025-07-11 19:50
Core Viewpoint - Kingman Minerals Ltd. has received approval to extend the deadline for its Annual General Meeting to October 21, 2025, and plans to complete a non-brokered private placement of up to $504,000 [1][6]. Financing Details - The company intends to issue up to 7,200,000 units at a price of $0.07 per unit, with each unit consisting of one common share and one warrant [2]. - Each warrant will allow the holder to purchase an additional common share at an exercise price of $0.09 for 24 months from the closing date of the offering [2]. - Finder's fees of 6.0% of gross proceeds may be paid, along with finder's warrants equal to 6.0% of the units sold [3]. Use of Proceeds - The net proceeds from the offering will be used for working capital and to advance the preparation and permitting of an exploration plan at the Mohave Project, including the historic Rosebud Mine in Arizona [3]. AGM Extension - The company was required to hold its AGM by August 21, 2025, but has received an extension to October 21, 2025, to ensure adequate preparation [6][7]. - This extension allows the company to complete necessary corporate, regulatory, and administrative preparations for the AGM [7]. Related Party Transactions - Certain insiders of the company are expected to acquire units in the offering, which will be considered related party transactions [5]. - The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements due to the fair market value of related party participation being below 25% of its market capitalization [5]. Company Overview - Kingman Minerals Ltd. is focused on precious metals exploration and development in North America, with its flagship project being the historic Rosebud Mine in Arizona [9][10].
WEC Energy Group (WEC) 2018 Earnings Call Presentation
2025-07-08 07:38
Company Overview - WEC Energy Group is the 13th largest publicly traded utility in the U S [7] - The company serves 4 5 million customers [9] - The company has approximately $31 billion in assets, with nearly 70 percent of assets located in Wisconsin [9] - WEC Energy Group is the 8th largest natural gas distribution utility in the U S [9] Financial Performance and Growth - The company has demonstrated a decade of EPS growth [11, 12] with 8% CAGR - The company has shown industry-leading dividend growth, marking the 15th consecutive year of increased dividends in 2018 [13, 14] - WEC Energy Group's fifteen-year total shareholder return is 724 2% [15] Capital Plan and Investments - The company has a robust, executable capital plan for 2018-2022 totaling $11 8 billion [19, 25] - The capital plan allocates $2 5 billion (21%) to generation [21, 24, 25], $5 0 billion (42%) to gas distribution [24, 25], $0 9 billion (8%) to technology [22, 24, 25], $2 5 billion (21%) to electric distribution [24], and $0 9 billion (8%) to energy infrastructure [25] Environmental Goals - The company is achieving its carbon reduction goals [26, 27]
Exgen Reports Phoenix Empire Funding Update
Globenewswire· 2025-06-25 11:00
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) ("ExGen", the "Company"): ExGen is pleased to provide an update in respect of Phoenix Copper Limited’s (“Phoenix”) development and construction activities at the Empire Mine Project in Custer County, Idaho, USA, further to Phoenix’s news release of June 12, 2025. ExGen owns 20% and Phoenix owns 80% of Ko ...
Aya Gold & Silver Announces Results of Annual General Meeting of Shareholders
Globenewswire· 2025-06-20 21:00
MONTREAL, June 20, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Company”) is pleased to announce that all nominees listed in the management proxy circular were elected as directors of Aya at its annual general meeting of shareholders (“AGM”) held today. A total of 69,658,145 common shares or 53.23% of Aya’s issued and outstanding common shares at the record date were represented in person or by proxy at the AGM. Detailed results are as below: Director NomineeVotes ...
OROCO ANNOUNCES PRIVATE PLACEMENT
Globenewswire· 2025-06-17 11:00
Core Points - Oroco Resource Corp. announced a non-brokered private placement of up to 5,000,000 units at a price of C$0.30 per unit, aiming for gross proceeds of up to C$1,500,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.45 within 36 months [2] - Proceeds from the offering will be used for the advancement of the Santo Tomás Project in Mexico, as well as for working capital and general corporate purposes [3] Regulatory and Compliance - The closing of the offering is subject to necessary regulatory approvals, including from the TSX Venture Exchange [4] - Securities issued will be subject to a hold period of four months plus one day following the issue date [4] - The securities have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without compliance [5] Company Overview - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomás Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares [6] - The project is located in northwestern Mexico and has significant copper porphyry mineralization, with over 100 drill holes tested between 1968 and 1994 [6] - A drill program initiated in 2021 resulted in 48,481 meters drilled across 76 diamond drill holes [6][7] Project Details - The Santo Tomás Project is situated 170 km from the Pacific deep-water port at Topolobampo and is accessible via highway and rail [8] - The property includes a 32 km access road originally built for Goldcorp's El Sauzal Mine [8]
Vireo Growth Inc. Provides Corporate Update Post Closing of All Merger Transactions
Globenewswire· 2025-06-17 11:00
Core Insights - Vireo Growth Inc. has completed a series of merger agreements, positioning itself as one of the largest multi-state cannabis operators in the U.S. with operations in six states [1] - The company anticipates pro forma revenue for Q2 2025 to be between $88 million and $91 million, with adjusted EBITDA expected to be in the range of $23 million to $24 million [2] - Vireo's management believes that its improved profitability will facilitate more favorable terms for refinancing its outstanding debt obligations, with expectations of a cash position exceeding $100 million post-refinancing [3] - Following the mergers, Vireo has approximately 949 million basic shares outstanding and about 1.087 billion shares on a fully-diluted basis [4] Financial Performance - Pro forma revenue for Q2 2025 is projected to be between $88 million and $91 million, while adjusted EBITDA is expected to range from $23 million to $24 million [2] - The company is currently unable to estimate net income due to uncertainties related to non-cash expenses and accounting adjustments [2] Debt Refinancing - Vireo is engaged in discussions to refinance its outstanding senior secured debt under more favorable terms, including debt from recent merger transactions [3] - The company has signed multiple non-binding term sheets and expects the refinancing event to close quickly, resulting in a cash position of over $100 million [3] Share Structure - The company has reported 949,254,483 basic shares outstanding on an as-converted basis and 1,087,283,616 shares on a fully-diluted basis following the merger transactions [4]
Black Iron Announces 2025 AGM Results
Globenewswire· 2025-06-13 22:00
Core Points - Black Iron Inc. held its annual and special meeting of shareholders on June 13, 2025, where nominees listed in the management information circular dated May 6, 2025, were elected as directors of the Company [1] - A total of 34,637,832 common shares were voted at the Meeting, representing approximately 11.3% of the issued and outstanding common shares of the Company [3] Election Results - Matthew Simpson received 22,279,344 votes for (99.823%) and 39,569 votes withheld (0.177%) [2] - Bruce Humphrey received 22,186,338 votes for (99.406%) and 132,575 votes withheld (0.594%) [2] - John Detmold received 22,156,338 votes for (99.272%) and 162,575 votes withheld (0.728%) [2] - Pierre Pettigrew received 22,280,344 votes for (99.827%) and 38,569 votes withheld (0.173%) [2] - David Porter received 21,903,338 votes for (98.138%) and 415,575 votes withheld (1.862%) [2] - Zenon Potoczny received 22,279,344 votes for (99.823%) and 39,569 votes withheld (0.177%) [2] Company Overview - Black Iron is an iron ore exploration and development company focused on its 100% owned Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine [4] - The project is surrounded by five other operating mines, including Metinvest's YuGOK and ArcelorMittal's iron ore complex [4]
Search Minerals Clarifies Timing for TSX Venture Exchange Reinstatement to Trading and Share Consolidation
Newsfile· 2025-06-13 21:38
Group 1 - Search Minerals Inc. will reinstate its common shares for trading on the TSX Venture Exchange at market open on June 16, 2025 [1] - The consolidation of shares will occur on a basis of one post-consolidation share for every ten pre-consolidation shares, effective at market open on June 17, 2025 [1] Group 2 - Search Minerals is focused on exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium (Zr) and Hafnium (Hf) in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [2] - The company controls two deposits (Foxtrot and Deep Fox) and two drill-ready prospects (Fox Meadow and Silver Fox), along with several other CREE prospects in a 64-kilometer long belt [2] - Additional CREE assets are located in the Red Wine CREE District of central Labrador, including the drill-ready Two Tom Lake CREE-Be-Nb deposit and other prospects [3]