Walbridge

Wallbridge Closes Private Placement of Flow-Through Shares

Retrieved on: 
Thursday, October 26, 2023

TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has completed a non-brokered private placement of 47,820,000 national flow-through common shares (the “National FT Shares”) and 25,632,666 Québec flow-through common shares (the “Québec FT Shares”) for aggregate gross proceeds of $9,437,910 (the “FT Share Private Placement”). The National FT Shares were issued at a price of $0.125 and the Québec FT Shares were issued at a price of $0.135.

Key Points: 
  • TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has completed a non-brokered private placement of 47,820,000 national flow-through common shares (the “National FT Shares”) and 25,632,666 Québec flow-through common shares (the “Québec FT Shares”) for aggregate gross proceeds of $9,437,910 (the “FT Share Private Placement”).
  • The National FT Shares were issued at a price of $0.125 and the Québec FT Shares were issued at a price of $0.135.
  • In addition, Agnico Eagle Mines Limited (“Agnico”) has elected to subscribe for 7,926,277 common shares for aggregate gross proceeds of $871,890 (the “AEM Private Placement”, and together with the FT Share Private Placement, the “Private Placements”).
  • In connection with the FT Share Private Placement, the Company paid a cash finder’s fee other than in respect of subscriptions by president’s list investors.

Kelly Receives Best-In-Class for Excellence in Supplier Diversity Award

Retrieved on: 
Wednesday, October 18, 2023

TROY, Mich. , Oct. 18, 2023 /PRNewswire/ -- Kelly has been recognized by the Great Lakes Women's Business Council with the 2023 Excellence in Supplier Diversity Award in the Best-In-Class category. The award honors corporate members who have successfully integrated supplier diversity into their corporation and have meaningful results in certified Women Business Enterprise (WBE) spend.

Key Points: 
  • TROY, Mich. , Oct. 18, 2023 /PRNewswire/ -- Kelly has been recognized by the Great Lakes Women's Business Council with the 2023 Excellence in Supplier Diversity Award in the Best-In-Class category.
  • The Excellence in Supplier Diversity Awards were designed to identify corporations with outstanding supplier diversity programs that include certified women business owners in their supply chain.
  • "We are honored to be recognized among an elite group of companies who are at the forefront of supplier diversity development," Kelly Chief Diversity Officer Keilon Ratliff said.
  • In addition to receiving the 2023 Excellence in Supplier Diversity Award, Kelly was also recently  named a Top Global Champion for Supplier Diversity & Inclusion by WEConnect International, Disability:IN, and the National LGBTQ Chamber of Commerce, as well as one of the Best Employers for Diversity by Forbes and Statista Inc.

Wallbridge Announces Board and Senior Management Changes

Retrieved on: 
Tuesday, October 10, 2023

Mr. Kord will remain employed until December 31, 2023 to support the management team through the management transition.

Key Points: 
  • Mr. Kord will remain employed until December 31, 2023 to support the management team through the management transition.
  • In addition, Parviz Farsangi has decided to retire from the Board of Directors (the “Board”).
  • Brian Penny, the Company’s Chief Financial Officer (“CFO”), will assume the role of interim CEO and joins the Board as a director.
  • Anthony Makuch, Chair of the Board, stated, “On behalf of the Board, I would like to thank both Marz and Parviz for their hard work and long-standing service to Wallbridge.

Wallbridge Expands Mineralized Footprint at Martiniere

Retrieved on: 
Monday, September 25, 2023

TORONTO, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQX: WLBMF) (“Wallbridge” or the “Company”) today announced that its 2023 exploration drill program has successfully extended the mineralized footprint of the gold system at its 100%-owned Martiniere Gold project (“Martiniere”) in multiple directions beyond the boundaries of the 2023 Mineral Resource Estimate (“MRE”).

Key Points: 
  • TORONTO, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQX: WLBMF) (“Wallbridge” or the “Company”) today announced that its 2023 exploration drill program has successfully extended the mineralized footprint of the gold system at its 100%-owned Martiniere Gold project (“Martiniere”) in multiple directions beyond the boundaries of the 2023 Mineral Resource Estimate (“MRE”).
  • “The objectives of the 2023 Martiniere exploration drilling program were all achieved – the mineralized footprint was expanded to the southwest and to the east of the MRE, while gold mineralization was also identified in a number of grassroots exploration targets within a few kilometres of Martiniere.
  • Wallbridge has now completed its 2023 Martiniere exploration drilling program with 29 drill holes totalling approximately 17,460 meters.
  • Drilling at Target M4 aimed to evaluate the continuation of the Martiniere West zones to the southwest (see Figure 3).

Wallbridge Resumes On-Site Exploration and Drilling Activities Following Temporary Suspension Due to Quebec Forest Fire Risk

Retrieved on: 
Thursday, July 13, 2023

“Wallbridge’s priority throughout this situation has been the safety of our employees, contractors and local communities,” said Wallbridge President & CEO Marz Kord.

Key Points: 
  • “Wallbridge’s priority throughout this situation has been the safety of our employees, contractors and local communities,” said Wallbridge President & CEO Marz Kord.
  • “We are extremely thankful to the government of Quebec and firefighters for their hard work in controlling the wildfires in the region.
  • There has been no damage to any of Wallbridge’s assets and we don’t expect any impact on the Company’s ability to complete its 2023 exploration program.”
    On June 5, Wallbridge advised investors of the temporary suspension of operations.
  • The Company will continue to monitor wildfire development in the region and respond proactively and accordingly should the situation change.

PLOT Raises $2M to Help Coordinate Jobsites

Retrieved on: 
Monday, June 5, 2023

With this investment, PLOT will add to its product/engineering team and begin building out sales & customer success teams.

Key Points: 
  • With this investment, PLOT will add to its product/engineering team and begin building out sales & customer success teams.
  • The fundraising round also included a follow-on investment from Koch Industries, Inc., who initially funded the company in late 2021.
  • "PLOT has assisted in expediting smooth, uninterrupted movement of material deliveries on the jobsite," says Ben Sparks, Sr. Project Engineer at Walbridge.
  • By debottlenecking scheduling, delivery and material management, PLOT vastly improves site efficiency and can help unlock considerable working capital for all stakeholders.

Wallbridge Temporarily Evacuates Fenelon Camp, Suspends Exploration Due to Quebec Forest Fire Risk

Retrieved on: 
Monday, June 5, 2023

TORONTO, June 05, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced that it has temporarily evacuated the camp at its 100% owned Fenelon Gold project (“Fenelon”) and suspended all exploration activities on its Detour-Fenelon Gold Trend Property due to an emergency order from the Quebec Ministère des Ressources naturelles et des Forêts (Ministry of Natural Resources and Forests) prohibiting access to lands in the province impacted by forest fires.

Key Points: 
  • TORONTO, June 05, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced that it has temporarily evacuated the camp at its 100% owned Fenelon Gold project (“Fenelon”) and suspended all exploration activities on its Detour-Fenelon Gold Trend Property due to an emergency order from the Quebec Ministère des Ressources naturelles et des Forêts (Ministry of Natural Resources and Forests) prohibiting access to lands in the province impacted by forest fires.
  • “Safety is of paramount importance at Wallbridge,” said Marz Kord, President and CEO.
  • “All of our employees and contractors’ staff have been safely evacuated and we have taken appropriate measures to secure and mitigate risk to the Fenelon camp site.
  • Exploration activities at Fenelon and our other projects will resume as soon as practicable.”

Wallbridge Identifies Two New Gold Zones at Fenelon

Retrieved on: 
Monday, May 8, 2023

TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced that its 2023 exploration drill program has greatly expanded the footprint of the gold mineralization at its 100%-owned Fenelon gold project (“Fenelon”).

Key Points: 
  • TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced that its 2023 exploration drill program has greatly expanded the footprint of the gold mineralization at its 100%-owned Fenelon gold project (“Fenelon”).
  • The area extending several kilometres east of the Fenelon deposit had been identified as having the right geologic ingredients for gold deposition.
  • The Jeremie Diorite is a key host rock for gold mineralization in multiple prolific zones at Fenelon.
  • Wallbridge Fenelon Gold Property, Recent Drill Assay Highlights (1, 4)

Wallbridge Mineral Resource Estimate Delivers Significant Increase in Grade at Detour-Fenelon Gold Trend Property

Retrieved on: 
Tuesday, January 17, 2023

This translated into significant increases in gold grade at Fenelon, with an 85% increase in the grade of the Indicated resources and an 84% increase in the grade of Inferred resources, compared to the 2021 Fenelon maiden MRE.

Key Points: 
  • This translated into significant increases in gold grade at Fenelon, with an 85% increase in the grade of the Indicated resources and an 84% increase in the grade of Inferred resources, compared to the 2021 Fenelon maiden MRE.
  • We look forward to carrying our positive exploration momentum into 2023.”
    57% of the ounces of the Detour-Fenelon Gold Trend MRE are in the Indicated category.
  • Significant expansion potential exists at Fenelon and Martiniere as both gold deposits are open in multiple directions.
  • The mineral resources are categorized as Indicated and Inferred based on drill spacing, as well as geological and grade continuity.

Wallbridge Receives $15.9 Million of Quebec Refundable Investment Tax Credits

Retrieved on: 
Wednesday, December 21, 2022

TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report that it received $15.9 million of cash refunds with respect to its 2021 Quebec Tax Credit Relating to Resources (TCRR) and Quebec Refundable Duties Credit for Losses (RDCL) that were claimed on its 2021 Quebec income and mining tax returns.

Key Points: 
  • TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report that it received $15.9 million of cash refunds with respect to its 2021 Quebec Tax Credit Relating to Resources (TCRR) and Quebec Refundable Duties Credit for Losses (RDCL) that were claimed on its 2021 Quebec income and mining tax returns.
  • The amount received for the TCRR and the RDCL represents an interim advance on the $20.0 million of Quebec investment tax credits claimed and Wallbridge expects the balance, subject to audit adjustments, to be received in the first quarter of 2023 once the audit has been completed.
  • “The receipt of the Quebec investment tax credits provides a significant portion of funding for our 2023 program once approved by our board in early 2023.
  • We look forward to outlining to our shareholders our 2023 exploration program on the Detour-Fenelon Gold Trend Properties at that time.”