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Gold Reserve Provides Update on CRA Audit
Businesswire· 2025-11-24 12:30
Core Viewpoint - Gold Reserve Ltd. has announced the completion of the Canada Revenue Agency (CRA) audit of its international transactions, resulting in no net adjustments to its Canadian tax filings for the years under review [1] Tax Audit Update - The CRA audit covered the taxation years 2014, 2016, 2017, and 2018, which included a proposed reassessment related to the September 2014 arbitral award and payments made under the settlement agreement with Venezuela [1] - The completion of the audit means that the CRA examinations of the Company's Canadian tax filings for the years under review are concluded, and no further reassessments are proposed [1]
TomaGold Announces Closing of the First Tranche of Its Private Placement
Businesswire· 2025-11-21 22:19
Core Points - TomaGold Corporation has successfully closed the first tranche of its non-brokered private placement, raising total proceeds of $1,105,000 through the issuance of 19,300,000 flow-through shares at $0.05 each and 3,500,000 units at $0.04 each [1][3] - The proceeds from the sale of units will primarily be used for general corporate working capital, while the gross proceeds from flow-through shares will be allocated to eligible Canadian exploration expenses [3] - An insider purchased 750,000 units for $30,000, which is considered a related party transaction but is exempt from certain formal requirements due to the market capitalization conditions [4] Financial Details - The first tranche includes 19,300,000 common shares and 3,500,000 units, with each unit consisting of one common share and one-half of a share purchase warrant, exercisable at $0.08 for 24 months [1] - TomaGold paid $56,000 in cash finder's fees and issued 1,120,000 finder's compensation warrants, each allowing the purchase of one share at $0.08 for 24 months [2] Regulatory and Compliance - All securities issued are subject to a statutory hold period of 4 months and a day from issuance [3] - The closing of the private placement is pending final approval from the TSX Venture Exchange [5] Company Overview - TomaGold Corp. is a Canadian junior mining company focused on acquiring, exploring, and developing precious and base metal projects, primarily in Quebec and Ontario [8] - The company's key assets include the Obalski gold-copper-silver project and options to acquire 12 additional properties in the Chibougamau Mining Camp [8]
Mineros Announces Management and Board of Directors Changes to Support Next Phase of Growth
Businesswire· 2025-11-19 00:36
Core Points - The company announced a series of management and board changes to strengthen its leadership and support the next phase of growth [1][3] - Daniel Henao has been appointed as President and CEO, bringing extensive experience in the precious metals value chain [2][3] - The company is committed to maintaining stability and delivering value to stakeholders during this transition [3] Management Changes - Daniel Henao replaces David Londoño as President and CEO, effective immediately [2] - David Splett will step down as CFO effective January 2, 2026, with Sergio Chavarria serving as Interim CFO [4] - Three new appointments have been made to strengthen technical and growth leadership: María Vallejo García as VP of Growth and Business Development, Carlos David Ríos Restrepo as VP of Exploration, and Marcela Castillo as VP of Sustainability [5] Board Changes - Andres Restrepo and Marco Izquierdo Llanos have resigned as directors, effective November 18, 2025 [6] - The company expressed gratitude for the service of departing leaders and welcomed new appointees [7] Company Overview - Mineros S.A. is a Latin American gold mining company headquartered in Medellín, Colombia, with a diversified asset base and a focus on safety and sustainability [7][8]
Cemex US Appoints Will Price as Senior Vice President of Mergers & Acquisitions
Businesswire· 2025-11-18 16:15
Nov 18, 2025 11:15 AM Eastern Standard Time Cemex US Appoints Will Price as Senior Vice President of Mergers & Acquisitions Share HOUSTON--(BUSINESS WIRE)--Cemex US (NYSE: CX) is pleased to announce the appointment of Will Price as Senior Vice President of Mergers & Acquisitions. In this role, Price will lead strategic growth initiatives through targeted acquisitions, divestitures and corporate development activities across the U.S. business. With more than a decade of experience in strategy and business de ...
Rio Tinto to reduce production at Yarwun Alumina Refinery to extend operational life
Businesswire· 2025-11-17 21:52
Nov 17, 2025 4:52 PM Eastern Standard Time Rio Tinto to reduce production at Yarwun Alumina Refinery to extend operational life Share With Yarwun's tailings facility expected to reach capacity by 2031 at current production rates, this curtailment will allow another four years to explore and develop technical solutions that could further extend the refinery's life. Rio Tinto Aluminium Pacific Operations Managing Director Armando Torres said: "While we have extensively explored options to develop a second tai ...
Gold Reserve Announces Appointment of New Chair of the Board
Businesswire· 2025-11-17 21:25
Nov 17, 2025 4:25 PM Eastern Standard Time Gold Reserve Announces Appointment of New Chair of the Board Cautionary Statement Regarding Forward-Looking statements This release contains "forward-looking statements†within the meaning of applicable U.S. federal securities laws and "forward-looking information†within the meaning of applicable Canadian provincial and territorial securities laws and state Gold Reserve's and its management's intentions, hopes, beliefs, expectations or predictions for the future. Fo ...
Gold Reserve Provides Update on Legal Proceedings in Delaware
Businesswire· 2025-11-14 00:04
Core Viewpoint - Gold Reserve Ltd. is currently engaged in legal proceedings concerning the Citgo sale process, with recent court rulings impacting its position and strategy [2][3]. Legal Proceedings Update - The U.S. District Court for the District of Delaware denied Gold Reserve's motion to disqualify the Special Master and his advisors overseeing the Citgo Sale Process, as well as a similar motion from the Venezuela Parties [2]. - The court indicated it would not rule on the Amber Energy bid until November 21, 2025 [2]. Company’s Position - Gold Reserve disagrees with the court's ruling, citing significant conflicts of interest in the sale process, including $170 million in fees collected by the Special Master's advisors from Elliott and 2020 bondholders [3]. - The company plans to seek appellate remedies to address these concerns regarding the fairness and integrity of the Citgo sale process [3]. Related Legal Actions - In a separate case against Rusoro Mining Ltd. for breach of a Consortium Agreement, the Delaware Court of Chancery declined to expedite Gold Reserve's motion for a preliminary injunction, opting to wait for developments in the Citgo sale process [4].
Lomiko Metals Announces Closing of Flow-Through Financing
Businesswire· 2025-11-13 23:05
Nov 13, 2025 6:05 PM Eastern Standard Time Lomiko Metals Announces Closing of Flow-Through Financing Share NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko†or the "Company†) is pleased to announce the closing of a non-brokered private placement for approximately $800,000 (the "Offering†) of flow-through eligible funds. Pursuant to the Offering, the Company has issued 6,666,666 flow-throu ...
Compass Minerals Announces Conference Call to Discuss Fiscal Fourth-Quarter and Full-Year 2025 Results
Businesswire· 2025-11-13 21:15
Nov 13, 2025 4:15 PM Eastern Standard Time Compass Minerals Announces Conference Call to Discuss Fiscal Fourth-Quarter and Full-Year 2025 Results Share OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, will release its fiscal fourth-quarter and full-year 2025 results Monday, Dec. 8, 2025, after the markets close. The company's president and CEO, Edward C. Dowling Jr., and CFO, Peter Fjellman, will discuss these results on a conference call o ...
Triple Flag Receives Approval for Normal Course Issuer Bid Renewal
Businesswire· 2025-11-13 11:00
Core Viewpoint - Triple Flag Precious Metals Corp. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 10,328,075 common shares over a one-year period [1][2]. Summary by Sections Normal Course Issuer Bid (NCIB) - The NCIB allows Triple Flag to buy back up to 10,328,075 common shares, which is 5% of the total 206,561,506 shares outstanding as of November 3, 2025 [2]. - The repurchase period will start on November 17, 2025, and end on November 16, 2026 [2]. Rationale for NCIB - The company believes that repurchasing its common shares can be a suitable use of available funds and a mechanism for returning capital to shareholders [3]. Purchase Mechanism - Purchases may occur through the TSX, NYSE, and other trading systems, with daily repurchases on the TSX limited to a maximum of 43,278 shares, which is 25% of the average daily trading volume [4]. - All repurchased shares will be cancelled [4]. Pricing and Payment - Shares will be purchased at market price or as permitted by the TSX, with private agreement purchases potentially at a discount [5]. Automatic Share Purchase Plan (ASPP) - Triple Flag has established an ASPP with a designated broker to facilitate share purchases during regulatory restrictions and blackout periods [6][7]. Management Discretion - Outside of predetermined blackout periods, share purchases will be at the discretion of management, adhering to TSX rules and applicable laws [8]. Previous NCIB Performance - In the previous NCIB from November 15, 2024, to November 14, 2025, Triple Flag repurchased 692,600 shares at an average cost of C$23.36 per share, totaling approximately C$11.4 million [11]. Company Overview - Triple Flag is a precious metals streaming and royalty company, providing exposure to gold and silver from 239 assets, including 33 producing mines and 206 development and exploration projects [12].