Royalty

Victory Battery Metals Corp. Announces Closing of Acquisition of Georgia Lake Claims and Shares for Debt Transaction with Plateau Ventures LLC

Retrieved on: 
Tuesday, May 2, 2023
Agreement, Mineral, CSE, Indian stock exchange, Canadian Securities Exchange, VR6, Net smelter return, Share (finance), NSR, VR, FWB, Royalty, OTC, Security (finance), Bank, Corporation

Pursuant to the Shares for Debt Transaction, the Corporation will issue an aggregate of 1,000,000 Common Shares, at a deemed price of $0.065 per Common Share to Plateau Ventures LLC, based on successful drilling achievements.

Key Points: 
  • Pursuant to the Shares for Debt Transaction, the Corporation will issue an aggregate of 1,000,000 Common Shares, at a deemed price of $0.065 per Common Share to Plateau Ventures LLC, based on successful drilling achievements.
  • The proposed shares for debt settlement is subject to the approval of the Canadian Securities Exchange.
  • The transaction is arm's length, and the Corporation is not paying any finders' fees in connection therewith.
  • The Common Shares issued on both transactions will be subject to a four month hold period.

Ovid Therapeutics Reports Business Update, Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Monday, March 13, 2023
MB, Traffic barrier, Lennox–Gastaut syndrome, KCC2, Dravet syndrome, LGS, Royalty, Research, Clinical trial, PDP-11, Cleveland Clinic, PDP, DSM-IV codes, Phase 3, Seizure, Cleveland, Workforce, Patient, Central nervous system, Epilepsy, Novartis, Trial of the century, Fragile X syndrome, IND, Pharmaceutical industry, Medical device, Vaccine, Takeda

To support this strategy, Ovid instituted cost-cutting measures that began in 2022 and continue into this year.

Key Points: 
  • To support this strategy, Ovid instituted cost-cutting measures that began in 2022 and continue into this year.
  • In addition, Ovid is eligible to receive non-dilutive capital from Takeda, if and when soticlestat is successfully approved and marketed.
  • Business development strategy: Ovid intends to conduct disciplined business development activities with a focus on clinical stage assets and enabling technologies to complement its portfolio of anti-seizure medicines.
  • The annual decrease was a result of the above mentioned cost cutting and personnel reduction efforts undertaken in 2022.

Paramount Gold Nevada Announces Term Sheet for Financing of up to $15 Million With Sprott

Retrieved on: 
Wednesday, March 1, 2023
Bureau of Land Management, Royalty, State, Gold, Notice, Documentation, Silver, RCN, NYSE, Oregon State University, Grassy Mountain, PZG, Central Mine Planning and Design Institute, Bureau, VWAP, Paramount, Security (finance), Teahouse

WINNEMUCCA, Nev., March 01, 2023 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that it has executed a non-binding term sheet with Sprott Resource and Streaming Royalty Corp. (“Sprott Streaming”), for a Royalty Convertible Note (“RCN”) providing for minimum proceeds of $10 million and maximum proceeds of up to $15 million.

Key Points: 
  • WINNEMUCCA, Nev., March 01, 2023 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that it has executed a non-binding term sheet with Sprott Resource and Streaming Royalty Corp. (“Sprott Streaming”), for a Royalty Convertible Note (“RCN”) providing for minimum proceeds of $10 million and maximum proceeds of up to $15 million.
  • While substantial technical and legal due diligence has been completed by Sprott Streaming, there can be no assurance that the proposed financing will be completed.
  • Paramount CEO, Rachel Goldman commented, “We are delighted to welcome Sprott Streaming as an important partner in our continued efforts to advance Grassy Mountain through permitting and ultimately to a construction decision.
  • This funding provides us the visibility to continue on the path to permitting Oregon’s first modern day gold mine,” Goldman added.

EURO Ressources reports earnings for the year ended December 31, 2022

Retrieved on: 
Thursday, February 23, 2023
Royalty, Gold, Silver, Financial result, GAAP, Mining, Compagnie minière de l'Ogooué, Supreme court, Administrative courts of appeal in Sweden, International Financial Reporting Standards, Income tax, French Government of the Hundred Days, EURO, Bank statement, International, IAMGOLD, Investment, Administrative court, COVID-19, Cryptocurrency, Music, Video game, Bank, Palladium, Rosebel gold mine, Montagne, Orea, Bomboré, Nordgold

Under French GAAP, EURO reported net earnings of €12.9 million (€0.206 per share) for the year ended December 31, 2022, compared to €10.1 million (€0.162 per share) for the year ended December 31, 2021.

Key Points: 
  • Under French GAAP, EURO reported net earnings of €12.9 million (€0.206 per share) for the year ended December 31, 2022, compared to €10.1 million (€0.162 per share) for the year ended December 31, 2021.
  • Under IFRS, EURO reported net earnings of €11.3 million (€0.182 per share) for the year ended December 31, 2022, compared to €7.6 million (€0.122 per share) in 2021.
  • Under French GAAP, EURO recorded revenues of €22.2 million in 2022, higher than revenues of €12.8 million reported in 2021.
  • Under IFRS, EURO recorded net earnings of €11.3 million (€0.182 per share) in 2022 compared to €7.6 million (€0.122 per share) during 2021.

American Lithium Announces Royalty Buyback at its TLC Lithium Project in Nevada

Retrieved on: 
Tuesday, January 24, 2023
Lithium, Mining, TLC, LI, TSX Venture Exchange, Acquisition, Agreement, Esmeralda, Royalty, Music, Share (finance)

VANCOUVER, British Columbia, Jan. 24, 2023 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) announces it has entered into an agreement (the “Agreement”) with Nevada Alaska Mining Co. Inc., an arms-length party, to buy back the remaining one percent (1%) gross overriding royalty (the “Royalty”) on the Company’s wholly owned TLC Lithium Project (“TLC”) located in the Esmerelda lithium district northwest of Tonopah, Nevada.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 24, 2023 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) announces it has entered into an agreement (the “Agreement”) with Nevada Alaska Mining Co. Inc., an arms-length party, to buy back the remaining one percent (1%) gross overriding royalty (the “Royalty”) on the Company’s wholly owned TLC Lithium Project (“TLC”) located in the Esmerelda lithium district northwest of Tonopah, Nevada.
  • Pursuant to the terms of the Agreement, American Lithium will issue 950,000 common shares in the capital of the Company (“Shares”) to Nevada Alaska Mining Co. Inc.
  • Simon Clarke, American Lithium CEO, stated, “we are very pleased to have reached this agreement with the royalty holder to buy back this valuable royalty, which also ensures that the Company will control 100% of all concessions comprising TLC.
  • As TLC moves through development and into production, this transaction should be highly accretive and will maximize Project value.

Brunswick Options Globex’s Lac Escale Property

Retrieved on: 
Tuesday, January 24, 2023
NI, Lithium, Gold, GMR, NTS, Toronto Stock Exchange, Geo, Tradegate Exchange, Cell, Royalty, GMX, Chicago Mercantile Exchange

The Lac Escale property consists of 81 cells which encompass several mineralized areas including the following gold and/or base metal zones: Lac Sirios Nord, Lac Sirios Sud, Eade Nord, Centre-2, E04-4, Deuxième Chance, Lac Éléana and Bouchard (see property map below).

Key Points: 
  • The Lac Escale property consists of 81 cells which encompass several mineralized areas including the following gold and/or base metal zones: Lac Sirios Nord, Lac Sirios Sud, Eade Nord, Centre-2, E04-4, Deuxième Chance, Lac Éléana and Bouchard (see property map below).
  • The property in addition to potential for gold and base-metals has potential for the discovery of lithium mineralization.
  • Under the option agreement, Brunswick will pay Globex $500,000 over a three-year period, half in cash and half in Brunswick shares and, undertake $1,000,000 in exploration on the cells.
  • If Brunswick completes the cash and work commitments, they shall earn 100% interest in the property subject to Globex retaining a 3% Gross Metal Royalty of which 1% GMR may be purchased by Brunswick for $1,000,000.

Brunswick Exploration Adds the Mirage Project to Its Quebec Lithium Portfolio

Retrieved on: 
Tuesday, January 24, 2023
BRW, Lithium, Gold, South Tyrol Option Agreement, GMR, TSX, Smart contract, Mirage, Effective date, Option, Agreement, SW, LCT, Royalty, GMX, Chicago Mercantile Exchange

The Company has also optioned a claim block from Globex Mining Enterprises (“Globex”; TSX: GMX) that is adjacent to these new claims, collectively called the Mirage Project.

Key Points: 
  • The Company has also optioned a claim block from Globex Mining Enterprises (“Globex”; TSX: GMX) that is adjacent to these new claims, collectively called the Mirage Project.
  • The presence of sizeable angular spodumene-bearing float on the project combined with lithium geochemical anomalies point to the local presence of LCT pegmatites.
  • We will be providing updated exploration plans for 2023 in the coming weeks which will include the exciting new Mirage Project.”
    The Mirage project includes an option on the “Lac Escale” claim block from Globex.
  • The scientific and technical information contained in this press release has been reviewed and approved by Mr. François Goulet, Quebec Exploration Manager for Brunswick Exploration.

Rhyolite Resources Announces Resignation of Fred Stanford

Retrieved on: 
Thursday, December 22, 2022
Party, Acquisition, Royalty, Documentation, Security (finance)

TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Rhyolite Resources Ltd. (TSXV: RYE) (“Rhyolite” or the “Company”) announces that the Company has reached a settlement with Fred Stanford who will resign from his duties as Chief Executive Officer and a director of the Company, effective immediately.

Key Points: 
  • TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Rhyolite Resources Ltd. (TSXV: RYE) (“Rhyolite” or the “Company”) announces that the Company has reached a settlement with Fred Stanford who will resign from his duties as Chief Executive Officer and a director of the Company, effective immediately.
  • In connection with his resignation, the Company has agreed to make a cash payment to Mr. Stanford and transfer ownership of its wholly-owned subsidiary, Muckahi Inc. (the “Muckahi”), to Mr. Stanford in settlement of any remaining obligations owing.
  • The Parties are reversing the transaction that was announced in the press release dated September 7, 2021 and returning Muckahi to Mr. Stanford.
  • Mr. Stanford will be returning to treasury 9,500,000 common shares previously issued to him as consideration for the acquisition of Muckahi.

Verde Bio Holdings Provides Second Quarter Corporate Update

Retrieved on: 
Friday, December 16, 2022
Petro, Acquisition, NYSE American, Net, National Exchange Hotel, Annual report, EOG, Security (finance), Energy, Quarter, Mineral, Energy Independence and Security Act of 2007, OTCQB, Royalty, Growth, Investment banking, Corporation, Risk, Uncertainty, File, Natural gas, Bank, Financial services, Risk management, Civitas

FRISCO, TX, Dec. 16, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas company, today issued its second quarter shareholder update, along with its 10-Q filing with the highlights of the Quarter and what is in store for the future.

Key Points: 
  • FRISCO, TX, Dec. 16, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas company, today issued its second quarter shareholder update, along with its 10-Q filing with the highlights of the Quarter and what is in store for the future.
  • Verde has built an excellent portfolio and as commodity prices continue to rise, so does its revenue on a relative basis with no increased cost to Verde.
  • "I'm pleased to report another quarter of consistent execution towards our growth initiatives driven by the strategic expansion of our low-risk, long-life, low-decline asset acquisition model into complementary acquisitions.
  • Looking forward, we are focused on the growth of our portfolio and revenues as well as overall profitability.

Monument Reports First Quarter Fiscal 2023 (“Q1 FY2023”) Results

Retrieved on: 
Wednesday, November 30, 2022
Carbon, Growth, Observation, Royalty, London Bullion Market Association, Engineering, Resource management, Acquisition, Retirement, FSE, Department for Environment, Food and Rural Affairs, Maintenance, Mineral, Public expenditure, Gold, SEDAR, Pit, News, Sale, Mining, Tuckanarra, Western Australia, RC, Health, QAQC, Social responsibility, Fortification, Gabanintha, Western Australia, NOA, Safety, Life insurance, Printed circuit board, Copper, Oil, Selinsing (state constituency), Monument, C2

Q1 FY2023 gold production was 2,066oz, a 98% increase as compared to 1,043oz for Q1 FY2022.

Key Points: 
  • Q1 FY2023 gold production was 2,066oz, a 98% increase as compared to 1,043oz for Q1 FY2022.
  • The decreased mill feed was mainly due to less oxide ore and old tailings being fed into plant.
  • During the first quarter of FY2023, the Company has begun earning royalties from Fortress Minerals Limited (Fortress) on the Mengapur Project.
  • Fiscal 2023 started with a focus on updating Gabanintha historical data to improve identifying drill targets.