Pasofino Gold Announces Participation at the Centurion One Capital 3rd Annual Bahamas Summit 2025October 02, 2025 7:30 AM EDT | Source: Centurion One Capital Corp.Toronto, Ontario--(Newsfile Corp. - October 2, 2025) - Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF), a canadian-based mineral exploration company listed on the TSX Venture exchange (VEIN), is pleased to announce it will be presenting at the Centurion One Capital 2nd Annual Bahamas Summit, which will be taking place at the exclusive Rose ...

Core Points - NexGold Mining Corp. has entered into a royalty agreement with Appian Capital Advisory Limited for its Goldboro gold project, receiving US$24 million for a 2.9% net smelter returns royalty on minerals produced until 1,250,000 ounces of gold or equivalent is reached, after which it will only cover gold production [2][5][6] - The company has also signed a non-binding letter of intent for a senior secured credit facility of up to US$175 million from Appian for the development of the Goldboro Gold Project [3][12] Royalty Transaction Details - The royalty agreement includes a US$24 million upfront payment and a 2.9% net smelter returns royalty on all minerals produced until the threshold is met, after which it will only apply to gold [5][6] - The company retains the option to buy back 1.9% of the royalty, subject to certain conditions, and plans to use the proceeds to pay off existing debt and advance the project [6][8] - The transaction is expected to close by the end of September 2025, pending customary closing conditions [11] Project Financing - The non-binding letter of intent with Appian outlines a potential senior secured credit facility of up to US$175 million for the Goldboro Gold Project [3][12] - The completion of the project financing is subject to negotiation and execution of definitive transaction documents and board approvals from both parties [13] Strategic Partnership - The partnership with Appian is seen as a strategic move to secure non-dilutive capital for project advancement and to improve the company's balance sheet [4][6] - Appian has conducted extensive due diligence on the Goldboro Gold Project, indicating confidence in the project's potential [4]

Australian mining company Orion Minerals has revealed that its subsidiary, Prieska Copper Zinc Mine (PCZM), has entered into a non-binding term sheet agreement with a subsidiary of Glencore. This agreement is for financing ranging from A$200m ($132.5m) to A$250m and concentrate offtake for the Prieska project in South Africa. The funding for PCZM will be structured into two separate tranches. Tranche A, amounting to A$40m, will be allocated for the construction and start-up of the Uppers at Prieska. Tr ...

Grangex (6MV) Update - Key Points Summary Company Overview - **Company**: Grangex AB - **Project**: Sydvaranger Restart Project - **Focus**: Definitive Feasibility Study (DFS) for the Sydvaranger mine Core Insights and Arguments - **Completion of DFS**: The DFS has been completed on time and within budget, confirming the techno-economic viability of the Sydvaranger project, with significant improvements over the Preliminary Economic Assessment (PEA) conducted earlier in January 2025 [4][11] - **Net Present Value (NPV)**: The pre-tax NPV has increased to $1.5 billion, a significant jump from previous estimates, indicating strong economic metrics for the project [5][11] - **Internal Rate of Return (IRR)**: The IRR is reported at 9.2%, slightly lower than previous estimates due to the acceleration of capital expenditures (CapEx) to enhance project execution [5][13] - **Mine Life Extension**: The mine life has been extended from 19 years to 25 years, adding approximately six years of operational capacity [12][22] - **Production Capacity**: The concentrate production has increased from 53.8 million tons to 63.3 million tons, reflecting enhanced resource estimates [12][14] - **Operating Costs**: Life-of-mine operating costs have decreased to $56.1 per ton of concentrate, down from $61.8 per ton in the PEA, showcasing improved cost efficiency [25][26] Financing and Operational Plans - **Financing Strategy**: The DFS serves as a foundation for securing financing for the final investment decision (FID) expected by the end of 2025 [6][53] - **First Shipment**: The first commercial shipment is anticipated by November 2026, allowing the project to become cash flow positive early in its operational phase [6][12] - **Project Execution Skills**: Grangex emphasizes its unique in-house capabilities for project execution, covering all aspects from geology to logistics and sales [7][8] Environmental, Social, and Governance (ESG) Considerations - **ESG Standards**: Grangex adheres to high ESG standards, with a comprehensive understanding of environmental and social impacts, including water management, waste management, and stakeholder engagement [31][33] - **Permitting Status**: All necessary permits for the project restart in 2026 are in place, including environmental and mining permits [34][35] - **Environmental and Social Impact Assessment (ESIA)**: Grangex is committed to completing an ESIA to consolidate previous studies and ensure a thorough understanding of environmental impacts [36][41] Additional Noteworthy Points - **Independent Consultants**: The DFS was managed by SLR Consulting UK Ltd, ensuring compliance with Canadian standards (NI 43-101) and enhancing credibility [5][11] - **Market Forecasting**: Independent market forecasts have been conducted to assess pricing and market conditions, supporting the financial model [8][10] - **Community Impact**: The project is expected to provide economic benefits to the local community in Kirkenes and the municipality of Sydvaranger, acting as a significant economic driver for the region [55][56] Conclusion - The Definitive Feasibility Study marks a critical milestone for Grangex, demonstrating the project's viability and setting the stage for financing and operational execution. The improvements in economic metrics, mine life, and production capacity, alongside a strong commitment to ESG principles, position Grangex favorably for future developments in the Sydvaranger project [53][60]

Core Viewpoint - Perpetua Resources Corp. has successfully closed a US$325 million public offering and a US$100 million private placement to fund the development of its Stibnite Gold Project, aiming for comprehensive financing to support construction and operational costs [1][3][4]. Financing Details - The public offering consisted of 24,622,000 common shares priced at US$13.20 each, while the private placement involved 7,575,757 common shares sold to Paulson & Co. Inc. [1][9] - The proceeds from both offerings will be used for equity requirements related to a US$2 billion project financing application submitted to the Export-Import Bank of the United States (EXIM) [3][4]. Project Development - The Stibnite Gold Project is projected to require total construction costs of US$2.2 billion, with additional funds allocated for cost overruns, debt service, and exploration activities [4]. - The company is in advanced discussions for a US$155 million guarantee related to reclamation bonds, which is essential for meeting financial assurance requirements [5]. Regulatory and Permitting Status - The company anticipates that securing the necessary financial assurance will enable it to receive the USFS notice to proceed with construction under the approved plan of operation [5]. - The remaining state permits required for construction are expected to be issued in summer 2025 [5]. Underwriters and Additional Offerings - The underwriters have an option to purchase an additional 3,693,300 common shares, which could increase the total gross proceeds of the offering to approximately US$374 million if fully exercised [6]. Company Background - Perpetua Resources focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, with the Stibnite Gold Project being one of the highest-grade open-pit gold deposits in the U.S. [10]. - The project aims to restore an abandoned mine site while producing gold and the only mined source of antimony in the U.S., which is critical for national defense [10].

Core Viewpoint - Augusta Gold Corp. has received a Letter of Interest from the Export-Import Bank of the United States for up to US$50 million in financing to support the development of its Reward Project in Nevada, highlighting the project's significance for domestic mineral production and economic development [1][3]. Financing Details - The non-binding Letter of Interest outlines EXIM's preliminary interest in providing a competitively priced loan with a potential 10-year repayment term, including an interest-only period [2]. - The financing is intended to cover over 50% of the project construction cost, indicating strong support for the Reward Project [3]. Project Overview - The Reward Project is a fully permitted, construction-ready gold project located in Nye County, Nevada, expected to create high-quality jobs and contribute to the U.S. supply chain of critical minerals [3]. - The project aligns with EXIM's policy goals of job creation and export nexus, with potential backing from state and local governments [2]. Future Collaboration - Augusta Gold aims to work closely with EXIM to finalize terms and bring the Reward Project into production, indicating a commitment to advancing the project [4].

Core Viewpoint - Perpetua Resources Corp. has announced a bought deal offering to raise approximately US$300 million through the sale of common shares, which will be used to finance the development of the Stibnite Gold Project and support other corporate activities [1][2][3] Financing Details - The company will sell 22,728,000 common shares at a price of US$13.20 per share, with gross proceeds expected to be around US$300 million [1] - Paulson & Co. Inc. has committed to purchase US$100 million of common shares in a private placement at the same offering price [1][2] - The offering is expected to close on or about June 16, 2025, subject to customary conditions [6] Project Financing - The proceeds from the offering and private placement will be part of a comprehensive financing package for the Stibnite Gold Project, which includes an application for up to US$2 billion in project financing submitted to the Export-Import Bank of the United States (EXIM) [2][3] - The company anticipates that the net proceeds will cover the project construction costs of US$2.2 billion, along with additional funds for cost overruns and working capital [3] Financial Assurance and Partnerships - The company is in advanced discussions for guarantees related to reclamation bonds, seeking a US$155 million guarantee and indemnification, along with proceeds of US$200 million to US$250 million in exchange for a gold net smelter return royalty or a gold stream [4] - Securing the financial assurance is expected to enable the company to receive the necessary permits to commence construction later in 2025 [4] Underwriters and Options - The underwriters have an option to purchase an additional 3,409,200 common shares, which could increase the total gross proceeds to approximately US$345 million if fully exercised [5] Company Overview - Perpetua Resources focuses on the exploration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of Idaho, with the Stibnite Gold Project being one of the highest-grade open-pit gold deposits in the U.S. [11]

Core Viewpoint - Ignitis grupė has secured a EUR 77.5 million project financing agreement for the development of two solar farms in Latvia, aiming to enhance its green energy capacity significantly by 2030 [1][2][3] Group and Industry Summary - The financing agreement was concluded with Swedbank AS (Latvia) and Swedbank AB (Lithuania) for a total loan amount of EUR 77.5 million, to be repaid over 15 years [1][2] - The solar farms, Vārme (94 MW) and Stelpe (145 MW), will have a combined capacity of 239 MW, sufficient to power approximately 96,000 households in Latvia [2] - Total investment for the solar projects, including construction and acquisition costs, is estimated at around EUR 178 million [3] - The Group aims to increase its Green Capacities from 1.4 GW in 2024 to a target range of 4–5 GW by 2030 [3]

Financial Data and Key Metrics Changes - In Q1 2025, the company self-mined 372 Bitcoin, averaging approximately 4 Bitcoin per day, which is a 12% decrease from 423 Bitcoin mined in Q4 2024 [20] - GAAP revenues were flat quarter over quarter at $34.4 million in Q1 2025 compared to $35 million in Q4 2024 [21] - GAAP net loss in Q1 2025 was $61.4 million, compared to a net loss of $29.2 million in Q4 2024 [24] - Non-GAAP adjusted EBITDA for Q1 2025 was negative $4.7 million, down from positive $2.5 million in Q4 2024 [24] Business Line Data and Key Metrics Changes - The self-mining hash rate at the Lake Mariner facility reached 12.2 exahash with fleet efficiency at 18 joules per terahash [8] - The company experienced a temporary spike in power prices, which impacted EBITDA, but operations returned to positive EBITDA in April 2025 [9][20] - The company expects to generate revenue from the Wolf Den facility starting in Q2 2025, with additional facilities expected to go live in Q3 and Q4 2025 [10][11] Market Data and Key Metrics Changes - Power prices increased by 37% from $0.59 per kilowatt hour in Q4 2024 to $0.81 per kilowatt hour in Q1 2025, significantly impacting costs [21] - The company anticipates power pricing to normalize to approximately $0.05 per kilowatt hour for Q2 through Q4 2025 [22] Company Strategy and Development Direction - The company aims to lead at the intersection of energy and compute, focusing on sustainable Bitcoin mining and high-performance compute (HPC) hosting [6][7] - The company is pursuing an additional 250 megawatts of capacity at Lake Mariner, bringing the total to 750 megawatts, with plans for further expansion [13][16] - The integration of Beowulf Electricity and Data is being pursued to streamline operations and eliminate related party disclosures [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for HPC and AI workloads, indicating strong interest from enterprises seeking secure, high-density infrastructure [10][81] - The management team remains optimistic about the company's ability to execute and deliver on its commitments, which is expected to enhance customer confidence and drive future growth [50][96] Other Important Information - The company plans to launch a project financing process for the Core 42 build-out, with early feedback from potential lenders being positive [15][27] - The company has authorized a new $200 million share repurchase program, reflecting confidence in its capital position [27] Q&A Session Summary Question: What are the potential cost savings from the integration of Terawulf and Beowulf? - Management indicated that the integration process is rigorous due to its nature as a related party transaction, and the timeline is dependent on independent board approvals [32][34] Question: What are the expectations for build costs for future sites? - Management guided a range of $6 million to $8 million per megawatt for build costs, with potential adjustments based on design changes and tariff impacts [37][40] Question: What is the outlook for EBITDA margins on future capacity? - Management expects EBITDA margins to be around 75% for the first 72.5 megawatts, with higher incremental margins anticipated as additional capacity is added [52][55] Question: What have been the biggest learnings from working with Core 42? - The partnership with Core 42 has provided valuable insights into design specifications and the importance of collaboration in evolving the business [60][66] Question: Will additional capacity be developed before signing new tenants? - Management indicated that site preparation is ongoing, but significant expansion would not occur without signed agreements [73] Question: What is the near-term demand environment for HPC and AI? - Management noted strong demand for power and interest from hyperscalers and enterprises, emphasizing the importance of quality sites [81][84] Question: How does the company plan to combat elevated global hash rates? - Management acknowledged the challenges posed by rising hash rates but emphasized the efficiency of their operations and the focus on high-value deployments in HPC and AI [86][89]

Core Insights - Osisko Development Corp. reported its financial and operational results for Q1 2025, highlighting significant developments in its Cariboo Gold Project and other initiatives [1][2]. Financial and Operational Highlights - As of March 31, 2025, the company had approximately $77.6 million in cash and cash equivalents, with $35.7 million outstanding under a delayed draw term loan [5]. - The 2025 Feasibility Study (FS) for the Cariboo Gold Project indicates a strong base case with an after-tax NPV at a 5% discount of $943 million and an IRR of 22.1% based on a gold price of $2,400 per ounce [4][10]. - The average annual free cash flow is projected at $158 million, with an average all-in sustaining cost (AISC) of $1,157 per ounce over the life of the mine [4][10]. Project Updates - The Cariboo Gold Project is designed as a low-impact underground operation with an initial capital cost estimated at $881 million and sustaining capital costs of $525 million [10]. - The company is actively pursuing project financing options and aims to commence construction activities in the second half of 2025, targeting project completion by the end of 2027 [10]. - The San Antonio Gold Project is currently under care and maintenance, with plans to re-submit mining permit applications [8]. Upcoming Milestones - Key upcoming milestones include bulk sampling and water management activities scheduled for Q3 and Q4 2025, respectively, with associated costs of $4.1 million and $6.1 million [11]. - The company is also progressing with Phase II regional drilling at the Tintic Project, with expected completion in Q2 2025 [11]. Management Changes - The company appointed Mr. David Rouleau as Vice President of Project Development and Mr. Philip Rabenok as Vice President of Investor Relations during Q1 2025 [5].