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New satellite images show that North Korea has deployed what appear to be balloons alongside its damaged 5,000-ton warship that has been laying on its side and partially submerged since a botched launch last week.

The stricken destroyer was the country’s newest warship and was meant to be a triumph of North Korea’s ambitious naval modernization effort. Instead, a malfunction in the launch mechanism on May 21 caused the stern to slide prematurely into the water, crushing parts of the hull and leaving the bow stranded on the shipway, state media KCNA reported, in a rare admission of bad news.

North Korean leader Kim Jong Un, who witnessed the failed launch in the northeastern city of Chongjin, called it a “criminal act” and ordered the country to swiftly repair the as-yet-unnamed ship before the late-June plenary session of the ruling Workers’ Party, calling it a matter of national honor.

Officials have since scrambled to undo the damage and punish those they claim are responsible, detaining four people in recent days, including the shipyard’s chief engineer.

Analysts say it appears balloons are being used in North Korea’s effort to swiftly repair the destroyer.

“It looks like what appear to be balloons have been installed not to refloat the ship, but to prevent the ship from further flooding,” said Rep. Yu Yong-weon, a South Korean National Assembly lawmaker and military analyst.

Retired United States Navy Cpt. Carl Schuster said if the objects are indeed balloons, they could have one of two purposes – either to prevent “low- to mid-level drone reconnaissance,” or to reduce the stress on the part of the ship still stranded on the pier.

“That is the area that is most likely to have been damaged, suffered the most severe damage and remains under intense stress while the forward area remains out of the water,” he said.

Nick Childs, senior fellow for naval forces and maritime security at the International Institute for Strategic Studies, said North Korea could be in danger of further damaging the ship if it’s using balloons to keep it afloat or raise it.

“It is highly likely that the ship is under quite a lot of stress anyway,” and lifting from above could compound those stresses, he said.

Normal procedure would be to get as much buoyancy as possible in the ship and then raise it from below, Childs said.

According to satellite images shared by Maxar Technologies, more than a dozen white, balloon-like objects have been deployed around the destroyer since May 23.

The images don’t appear to show any flotation bladders supporting the hull or the body of the ship, Schuster said – something the US might use in such a situation. He added that North Korea’s maritime industry might not be advanced enough for such techniques.

North Korean state media had previously reported that the damage was less severe than initially feared, and that there were no holes in the hull, though it was scratched along the side and some seawater had entered the stern. It estimated repairs could take about 10 days – though analysts are skeptical.

The ship’s precarious position also makes the salvage operation unusually complex. “Having it half in and half out of the water is basically the worst possible situation,” said Decker Eveleth, an associate research analyst at CNA, a nonprofit specializing in defense research.

He added that the operation would be simpler if the ship had fully capsized into the water, or if it had fallen over entirely on land. “But as it’s half on land and half on water – if you try to pull the sunken half out, you’re risking twisting and breaking the keel,” Eveleth said, referring to the structural spine running along the ship’s bottom. “And if you do that, the whole ship is junk.”

Childs said North Korea may have to cut the ship into pieces and then try to salvage what it can because righting it from its current position is an extremely complex task.

“Very often the only way you clear the dock … is to dismantle at least part of the ship to make the operation easier, right what you have left and tow it away and make a decision on whether you rebuild it or scrap it,” he said.

This post appeared first on cnn.com

Iran has further increased its stockpile of uranium enriched to near weapons-grade levels, a confidential report by the UN nuclear watchdog said Saturday and called on Tehran to urgently change course and comply with the agency’s probe.

The report comes at a sensitive time as Tehran and Washington have been holding several rounds of talks in the past weeks over a possible nuclear deal that US President Donald Trump is trying to reach.

The report by the Vienna-based International Atomic Energy Agency — which was seen by The Associated Press — says that as of May 17, Iran has amassed 408.6 kilograms (900.8 pounds) of uranium enriched up to 60%.

That’s an increase of 133.8 kilograms (294.9 pounds) — or almost 50% — since the IAEA’s last report in February. The 60% enriched material is a short, technical step away from weapons-grade levels of 90%. A report in February put this stockpile level at 274.8 kilograms (605.8 pounds).

There was no immediate comment from Tehran on the new IAEA report.

What does the report say?

The IAEA report raised a stern warning, saying that Iran is now “the only non-nuclear-weapon state to produce such material” — something the agency said was of “serious concern.”

Approximately 42 kilograms of 60% enriched uranium is theoretically enough to produce one atomic bomb, if enriched further to 90%, according to the watchdog.

The IAEA report, a quarterly, also estimated that as of May 17, Iran’s overall stockpile of enriched uranium — which includes uranium enriched to lower levels — stood at 9,247.6 kilograms (20,387.4 pounds). That’s an increase of 953.2 kilograms (2,101.4 pounds) since February’s report.

Iran has maintained its nuclear program is for peaceful purposes only, but the IAEA chief, Rafael Mariano Grossi, has warned that Tehran has enough uranium enriched to near-weapons-grade levels to make “several” nuclear bombs if it chose to do so.

Iranian officials have increasingly suggested that Tehran could pursue an atomic bomb.

US intelligence agencies assess that Iran has yet to begin a weapons program, but has “undertaken activities that better position it to produce a nuclear device, if it chooses to do so.”

Israel’s swift reaction

Israel said Saturday’s report was a clear warning sign that “Iran is totally determined to complete its nuclear weapons program,” according to a statement from Prime Minister Benjamin Netanyahu’s office.

It said IAEA’s report “strongly reinforces what Israel has been saying for years — the purpose of Iran’s nuclear program is not peaceful.”

It also added that Iran’s level of enrichment “has no civilian justification whatsoever” and appealed on the international community to “act now to stop Iran.”

Call for cooperation

Grossi said Saturday that he “reiterates his urgent call upon Iran to cooperate fully and effectively” with the IAEA’s years long investigation into uranium traces discovered at several sites in Iran.

The IAEA also circulated to member states on Saturday a second, 22-page confidential report, also seen by the AP, that Grossi requested following a resolution passed by the 35-member IAEA Board of Governors last November.

In this so-called “comprehensive report,” the IAEA said that Iran’s cooperation with the agency has “been less than satisfactory” when it comes to uranium traces discovered by IAEA inspectors at several locations in Iran that Tehran has failed to declare as nuclear sites.

Western officials suspect that the uranium traces discovered by the IAEA could provide evidence that Iran had a secret military nuclear program until 2003.

One of the sites became known publicly in 2018 after Netanyahu revealed it at the United Nations and called it a clandestine nuclear warehouse hidden at a rug-cleaning plant.

Iran denied this but in 2019 IAEA inspectors detected the presence of manmade uranium particles there.

What is the IAEA inspecting in Iran?

After initially blocking IAEA access, inspectors were able to collect samples in 2020 from two other locations where they also detected the presence of manmade uranium particles.

The three locations became known as Turquzabad, Varamin, and Marivan.

A fourth undeclared location named as Lavisan-Shian is also part of the IAEA probe but IAEA inspectors never visited the site because it was razed and demolished by Iran after 2003.

In Saturday’s comprehensive report, the IAEA says that the “lack of answers and clarifications provided by Iran” to questions the watchdog had regarding Lavisan-Shian, Varamin and Marivan “has led the agency to conclude that these three locations, and other possible related locations, were part of an undeclared structured nuclear program carried out by Iran until the early 2000s and that some activities used undeclared nuclear material.”

What’s next?

Saturday’s comprehensive report could be a basis for possible further steps by European nations, leading to a potential escalation in tensions between Iran and the West.

European countries could move to trigger snap-back sanctions against Iran that were lifted under the original 2015 nuclear deal ahead of October, when the deal formally expires.

On Thursday, senior Iranian officials dismissed speculation about an imminent nuclear deal with the United States, emphasizing that any agreement must fully lift sanctions and allow the country’s nuclear program to continue.

The comments came a day after Trump said he has told Netanyahu to hold off on striking Iran to give the US administration more time to push for a new deal with Tehran.

Trump said on Friday that he still thinks a deal could be completed in the “not too distant future.”

“They don’t want to be blown up. They would rather make a deal,” Trump said of Iran. He added, “That would be a great thing that we could have a deal without bombs being dropped all over the Middle East.”

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The sale of disposable vapes will be banned in the United Kingdom from Sunday, as the country becomes the latest to tackle the “environmental nightmare” of the single-use devices. However, some campaigners warn that the new restrictions are just “a drop in the ocean” in the war against plastic waste.

The ban positions the UK among the first countries in Europe to legislate against disposable vapes, following similar moves in France and Belgium.

An estimated 8.2 million disposable vapes – the equivalent of 13 every second – are discarded in the UK every week, according to an analysis released by environmental group Material Focus in December.

In official guidance, the UK government described the disposable vapes as “eyesores,” and said their widespread disposal has “a hugely damaging impact on our environment and wildlife.” The plastics used in disposable vape products are “nearly impossible for nature to completely break down,” it added.

Improperly discarded batteries can ignite rubbish trucks and waste facilities, it added, with Material Focus linking such incidents to around 1,200 fires between May 2023 and May 2024.

“The ban will also help curb the rise in youth vaping,” the government said. “Over half of children who use vapes report that ‘disposable’ models are their product of choice.”

The legislation will not criminalize possession of disposable vapes. Instead, it targets retailers and distributors, who could face initial penalty fines of £200 ($270) for violations after Sunday. For continued breaches of the new law, an offender could be hit with further fines or a prison sentence.

For those already tackling the environmental fallout, the ban is long overdue.

“Vape producers are being infinitely creative with their products in order to avoid the forthcoming disposable vape ban,” he added.

Anticipating the shift, major vape manufacturers began adapting their product lines ahead of the legislation coming into force.

But, on the ground, one London retailer warned that consumer habits may prove harder to shift.

“The new vapes are also more expensive, which is more difficult for customers,” he added.

Ahead of the ban coming into force, John Dunne, director general of the UK Vaping Industry Association, said in a statement: “We’ve always maintained that bans are not the answer to the issues linked to the vaping industry, but enforcement of the laws that are already in place to protect children and the environment.” He warned that the measure could lead to a increase in vapers returning to cigarette smoking and create a black market for disposable products.

Vape use has surged in recent years. An estimated 5.6 million people vape in the UK, according to a survey carried out by public health charity Action on Smoking and Health last year.

Disposable vapes have proved popular among young adults trying to quit smoking, but their sleek design, bright packaging and sweet flavors have also appealed to teenagers. Almost 1 in 10 secondary school pupils in the UK vape “frequently,” according to a National Heath Service survey published in October, and a quarter of 11- to 15-year-olds have tried vaping.

“I would just put them in the bin, it didn’t feel like the right way,” said 17-year-old Brighton student Eaben Kusik. “It felt a bit wasteful throwing (away) the battery with the vape after three days.

“At first I thought, ‘I don’t like the government banning things,’ but I think it’s a good thing,” he added.

For environmental organization Greenpeace UK, the move marks progress – but not nearly enough.

A separate Tobacco and Vapes Bill, currently making its way through parliament, would give ministers power to further restrict vape packaging, flavors, and marketing – particularly those seen as targeting children.

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ISIS has claimed two attacks on Syrian security forces – the first since the transitional government under former jihadist Ahmed al-Sharaa took office.

The terror group, also known as Islamic State, said it had killed and injured seven members of “the apostate Syrian regime” with an explosive device that was detonated on a road in southern Syria. It said the attack took place in the remote desert area of Talul al Safa in the southern Syrian province of Suwayda.

Units of the Free Syrian Army are supported by the US military in what is called the al Tanf Deconfliction Zone close to the borders with Jordan and Egypt, where the US has a small outpost.

The source added that the Talul al Safa area is “extremely rugged and dangerous area, as ISIS had been exploiting its terrain for a long time.”

ISIS lost almost all the territory it controlled in Syria by the end of 2017 but has maintained a foothold in Syria’s vast central desert. ISIS claimed another attack in the same area several days ago.

The Washington DC-based Institute for the Study of War says the group has likely maintained cells in southern Syria despite not carrying out any attacks there for at least two years.

The US and other Western governments have urged the new Syrian government to prevent a resurgence of ISIS and other terror groups on Syrian soil. But the government has struggled to extend its authority to Suwayda, where there have been clashes between Druze and Sunni groups.

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(TheNewswire)

Brossard (Québec) TheNewswire – le 30 mai 2025 – CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule compagnie d’Amérique du Nord cotée en bourse axée sur la production et la distribution d’hydrogène vert, annonce aujourd’hui ses résultats financiers et opérationnels pour la période de trois mois se terminant le 31 mars 2025.

Tous les permis nécessaires à la construction de l’usine de Sorel-Tracy ont été obtenus et Hydro-Québec, le distributeur d’énergie provincial, travail à compléter l’interconnexion, ce qui permettra au projet de respecter l’échéancier de production de 2025.

FAITS SAILLANTS T1 2025:

  • Les flux de trésorerie négatifs liés aux activités d’exploitation ont diminué de 7 % pour atteindre 620 097 $ au premier trimestre de 2025, contre 663 843 $ au premier trimestre de 2024 (activités toujours en resserrement des frais généraux et administratifs).

  • Les revenus ont diminué à 5 067 $ au premier trimestre de 2025, contre 81 637$ au premier trimestre de 2024 (générés par l’acquisition de Wolf River le 1 er décembre 2022). Il y a une réduction temporaire des services à la centrale à la suite d’une panne d’équipement, qui sera réparée avec une capacité accrue.

  • La Société a clôturé des actions pour le règlement de dettes au management de 310 000 $ et des exercices de bons de souscription totalisant 293 270 $ (10 000 $ en T1 2024).

  • La Société a annoncé la signature d’une convention de financement pour une facilité de capital de construction pouvant atteindre 50 millions de dollars américains ; et

  • La Société a annoncé avoir signé une entente d’approvisionnement avec un producteur américain de gaz industriels de premier plan afin d’élargir son offre aux clients et de générer des revenus immédiats à partir d’une source diversifiée.

La gestion financière rigoureuse de Charbone et ses nouveaux partenariats stratégiques lui permettent de concrétiser sa vision : devenir un leader nord-américain des réseaux de distribution d’hydrogène vert et de gaz industriels. Ces avancées soulignent sa volonté de jouer un rôle moteur dans la transition énergétique.

La direction est motivée à poursuivre ses efforts pour faire avancer et achever le(s) projet(s) annoncé(s) avec une structure administrative allégée , a déclaré Benoit Veilleux, Chef de la direction financière et secrétaire corporatif de Charbone. Avec la signature d’une entente de principe sur le financement du capital de construction et sujet à l’achèvement du développement des projets, Charbone dispose désormais d’un partenaire pour déployer et livrer son/ses projet(s) actuel(s) et d’un potentiel de croissance à court terme.


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À propos de Charbone Hydrogène Corporation

Charbone est une entreprise intégrée d’hydrogène vert disposant de capacités stratégiques de distribution de gaz industriels en Amérique du Nord. Tout en poursuivant le développement de son réseau modulaire de production d’hydrogène vert, Charbone s’appuie également sur des partenariats commerciaux pour fournir de l’hydrogène, de l’hélium et d’autres gaz industriels sans les exigences en capital élevées des usines de production. Cette approche améliore les sources de revenus, réduit les risques opérationnels et accroît la flexibilité sur le marché. Charbone reste la seule société purement axée sur l’hydrogène vert cotée en bourse en Amérique du Nord, avec des actions cotées à la Bourse de croissance TSX (TSXV: CH); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone Hydrogène :

Téléphone bureau: +1 450 678 7171

Courriel: ir@charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

Copyright (c) 2025 TheNewswire – All rights reserved.

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(TheNewswire)

Brossard, Quebec TheNewswire – May 30, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), North America’s sole publicly traded pure-play company focused on green hydrogen production and distribution, today announces its financial and operational results for the three-month period ending March 31, 2025.

All necessary permits for the construction of the Sorel-Tracy facility have been secured, and Hydro-Québec, the provincial energy distributor, is working towards completing the interconnection, keeping the project on schedule for 2025 production.

Q1 2025 HIGHLIGHTS:

  • Negative cash flows from operating activities decreased by 7% to $620,097 in Q1 2025, down from $663,843 in Q1 2024 (activities still tightening general and administrative expenses).

  • Revenue decreased to $5,067 in Q1 2025, down from $81,637 in Q1 2024 (generated from the Wolf River acquisition on December 1, 2022). There is a temporary reduction in services at the dam following an equipment failure, which will be repaired with increased capacity.

  • The Company has closed shares for the management debt settlement of $310,000 and exercises of warrants totaling $293,270 ($10,000 in Q1 2024).

  • The Company announced the signing of a term sheet for a construction capital facility of up to US $50 million; and

Charbone’s disciplined financial management and new strategic partnerships position the company to achieve its vision of becoming a North American leader in green hydrogen and industrial gases distribution networks. These advancements underscore its commitment to being a game-changer in the energy transition.

Management is motivated to continue its efforts to advance and complete the announced project(s) with a lean administrative structure,’ said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE . ‘With the construction capital facility term sheet in place and subject to completing project development activities, CHARBONE now has a partner to deploy and deliver its current project(s) and a growth potential in the short term.


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About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America’s only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

Copyright (c) 2025 TheNewswire – All rights reserved.

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Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05), The Next Big Gold Discovery in Columbia, is pleased to announce that it will be participating in THE Mining Investment Event, Canada’s Only Tier 1 Global Mining Investment Conference©, taking place June 3-5, 2025, at the Quebec Convention Centre, Quebec City, Canada.

Quimbaya Gold Inc.’s management will be available to meet with investors throughout the three-day conference.

‘We are particularly excited about the global audience that THE Event has attracted, showcasing the best of international mining in Canada. This is a unique chance to engage with industry leaders and innovators, facilitating discussions that will shape the future of our sector. We look forward to seeing many of you there and exploring the possibilities that await us at this prestigious gathering.’

Information regarding THE Event, including investor registration details, a list of participating companies, panelists and keynote speakers, as well as a preliminary agenda, can be found at https://www.themininginvestmentevent.com/.

About Quimbaya Gold Inc.
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

THE Event is by invitation only – Interested investors & issuers, please go here:
https://www.themininginvestmentevent.com/register or contact Jennifer Choi, jchoi@irinc.ca

About: THE Mining Investment Event—Canada’s Only Tier 1 Global Mining Investment Conference© is held annually in Québec City, Canada. It is independently sponsored and designed to facilitate privately arranged meetings between mining companies, international investors, and various mining government authorities. The conference provides a platform to hear from some of the most influential thought leaders in the sector.

THE Event is committed to promoting diversity, equality, and sustainability in the mining industry through education and innovation through its unique Student Sponsorship and SHE-Co Initiatives.

For further information:

Jason Frame
Manager of Communications
1-647-576-7135
jason.frame@quimbayagold.com

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(TheNewswire)

Vancouver, British Columbia TheNewswire – May 30, 2025 Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the ‘Company’ or ‘Juggernaut’), further to its April 14 th April 23 rd April 25 th 2025, and May 15, 2025, news releases, the Company is pleased to announce that it has filed documents with the TSX Venture Exchange (the ‘Exchange’) seeking final approval to close its private placement financing (the ‘Financing’) for aggregate gross proceeds of $10,362,735.

The Company is seeking approval to close the Financing with this second and final tranche, issuing 2,040,000 $0.825 charity flow-through units (‘CFT Units’), with each CFT Unit consisting of 1 flow-through common share of the Company and 1 common share purchase warrant, each warrant being exercisable at $0.75 for 5 years, subject to the right of the Company to accelerate the exercise period to 30 days if, after the 4-month hold has expired, shares of the Company close at or above $1.50 for 10 consecutive trading days, for aggregate gross proceeds of $1,683,000.

On May 16, 2025 the Company closed the first tranche of the Financing, issuing 9,308,770 CFT Units, and 2,000,000 $0.50 non-flow-through units (‘NFT Units’), each NFT Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.75 for 5 years, subject to the right of the Company to accelerate the exercise period to 30 days if, after the 4-month hold has expired, shares of the Company close at or above $1.50 for 10 consecutive trading days, for aggregate gross proceeds of 8,679,735.

The proceeds will be used to explore Juggernaut’s properties located in Northwestern B.C. and for general working capital.

Cash finders’ fees totaling $221,963 have been paid and 439,925non-transferable broker warrants have been issued in accordance with TSXV Polices.  All securities issued in the first tranche closing are subject to a 4-month-plus-one-day hold, expiring September 17, 2025, and all securities issued in the second tranche closing are subject to a 4-month-plus-one-day hold expiring October 2, 2025.

One insider subscribing for 2,000,000 NFT Units, a ‘related party transaction’ as defined under Multilateral Instrument 61-101 (‘MI 61-101’), is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

About Juggernaut Exploration Ltd.

Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat Capital.

For more information, please contact

Juggernaut Exploration Ltd.

Dan Stuart

President, Director, and Chief Executive Officer

604-559-8028

info@juggernautexploration.com

www.juggernautexploration.com

Qualified Person

Rein Turna P. Geo is the independent qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

Grab samples are selected samples and may not represent true underlying mineralization.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD LOOKING STATEMENT

Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Brunswick Exploration Inc. (‘ Brunswick ‘ or the ‘ Corporation ‘) (TSX-V: BRW, OTCQB: BRWXF) is pleased to announce the closing of its previously announced private placement (the ‘ Offering ‘) for aggregate gross proceeds of C$3,500,000, which includes the full exercise of the agents’ option for proceeds of C$1,000,000. Under the Offering, the Corporation sold (i) 12,980,769 units of the Corporation (the ‘ LIFE Units ‘) at a price of C$0.13 per LIFE Unit for gross proceeds of C$1,687,500 from the sale of LIFE Units, and (ii) 12,083,333 units of the Corporation (the ‘ Non-LIFE Units ‘, and collectively with the LIFE Units, the ‘ Offered Securities ‘) at a price of C$0.15 per Non-LIFE Unit for gross proceeds of C$1,812,500 from the sale of Non-LIFE Units. An aggregate of 25,064,102 Offered Securities were sold under the Offering.

Each LIFE Unit consists of one common share of the Corporation (each, a ‘ Unit Share ‘) and one- half of one common share purchase warrant (each whole warrant, a ‘ LIFE Warrant ‘). Each whole LIFE Warrant entitles the holder thereof to purchase one common share of the Corporation (each, a ‘ Warrant Share ‘) at a price of C$0.20 at any time on or before May 30, 2028.

Each Non-LIFE Unit consists of one Unit Share and one common share purchase warrant (each, a ‘ Non-LIFE Warrant ‘). Each Non-LIFE Warrant entitles the holder thereof to purchase one Warrant Share at a price of C$0.25 at any time on or before May 30, 2028.

Red Cloud Securities Inc. acted as co-lead agent and sole bookrunner along with Canaccord Genuity Corp. (collectively, the ‘ Agents ‘), as co-lead agent, in connection with the Offering. In consideration for their services, the Agents received an aggregate cash commission of C$181,515 and 588,960 non-transferable broker warrants (the ‘ Broker Warrants ‘). Each Broker Warrant is exercisable for one common share of the Corporation (each, a ‘ Broker Share ‘) at a price of C$0.13 per Broker Share at any time on or before May 30, 2028.

Insiders of the Corporation participated in the Offering and were issued an aggregate of 70,000 common shares of the Corporation. Such participation in the Offering is a ‘related party transaction’ as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘). The Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities issued to insiders nor the consideration for such securities by insiders exceed 25% of the Corporation’s market capitalization.

In accordance with National Instrument 45-106 – Prospectus Exemptions (‘ NI 45-106 ‘), the LIFE Units were offered for sale to purchasers in all the provinces of Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The securities issued pursuant to the sale of LIFE Units are immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

The Non-LIFE Units were offered by way of the ‘accredited investor’ and ‘minimum amount investment’ exemptions under NI 45-106 in the provinces of Canada. The securities to be issued pursuant to the sale of Non-LIFE Units are subject to a four-month hold period ending on October 1, 2025 pursuant to applicable Canadian securities laws. Completion of the Offering remains subject to the final approval of the TSX Venture Exchange.

The Corporation intends to use the net proceeds of the Offering for exploration activities at the Corporation’s Québec and Greenland projects, as well as for general corporate purposes and working capital.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 (the ‘ U.S. Securities Act ‘), as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Corporation is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The Corporation is rapidly advancing the most extensive grassroots lithium property portfolio in Canada and Greenland.

Investor Relations/information

Mr. Killian Charles, President and CEO (info@brwexplo.ca)

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Such forward-looking information includes, but is not limited to, statements concerning the Corporation’s expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required regulatory, governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR+ at www.sedarplus.ca. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Venture Exchange (the ‘ TSX-V ‘) nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

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VANCOUVER, BC , May 30, 2025 /CNW/ – 1911 Gold Corporation (‘ 1911 Gold ‘ or the ‘ Company ‘) (TSXV: AUMB) (OTCQB: AUMBF) (FRA: 2KY) announces the temporary suspension of operations at its True North complex in Bissett, Manitoba , following the evacuation order issued by the Province of Manitoba due to escalating wildfire activity in the region.

The Company has safely evacuated all personnel from the site and is closely monitoring the situation in coordination with local and provincial authorities. The Company has taken precautionary measures to safeguard certain site infrastructure and continues to assist with the wildfire response by hosting frontline personnel at the True North camp facilities.

Shaun Heinrichs , CEO and President, stated, ‘The safety of our employees and the community is our top priority. We are grateful for the swift and coordinated response of emergency services and are committed to supporting firefighting efforts, including the ongoing use of our camp facilities. Our thoughts are with everyone impacted by the wildfires, and we stand ready to support the community during this challenging time.’

The Company will provide further updates as more information becomes available and will resume operations at the True North complex when it is safe to do so.

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totaling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba , and also owns the True North mine and mill complex at Bissett, Manitoba . 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario , and intends to focus on organic growth and accretive acquisition opportunities in North America .

1911 Gold’s True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or describes a ‘goal’, or variation of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE 1911 Gold Corporation

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