Author: Alexander Lee

VANCOUVER, BC, Sept. 16, 2024 – Principal Technologies Inc. (the “Company”) (TSXV: PTEC) (FSE: J07) is pleased to announce that its Board of Directors has approved an amendment to its stock option plan, now called the “Amended Option Plan.” With the Amended Option Plan, the Company is authorized to grant options to acquire up to 7,373,725 common shares, representing 20% of the issued and outstanding common shares as of the date of the Amended Option Plan, in compliance with TSX Venture Exchange regulations and applicable securities laws. In addition, the Company has granted incentive stock options to certain officers and…

On October 9, 2024, Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) announced that Natural Resources Canada (NRCAN) has conditionally approved certain initiatives at the Crean Hill and Shakespeare Mines for funding from the Critical Minerals Infrastructure Fund (CMIF), subject to final due diligence. The funding will support pre-construction activities aimed at advancing clean energy and transportation infrastructure at both project sites. The initiatives that will receive funding from the CMIF include advancing a 6km transmission line to connect the Shakespeare Mine to the Ontario grid, upgrading an existing 30km forest access road to the Shakespeare Mine, and conducting…

New Plymouth, New Zealand–(Newsfile Corp. – October 8, 2024) – A company based in New Zealand, referred to as NZEC in the industry, has released an update on the progress of the Tariki-5 gas development well. The Tariki Joint Venture, comprising of NZEC Tariki Limited and L&M Energy Limited, reports that the Tariki-5 well is advancing as planned after successfully setting and cementing casing at a depth of 870 meters. The drilling of the well is on schedule and within budget, with the geological horizons being encountered as expected. Key sections of the well are projected to be reached within…

On October 9, 2024, a global cannabis consumer packaged goods company announced that it has entered into a waiver and support agreement with secured lenders under a credit agreement. The lenders have agreed to a standstill, refraining from taking any steps under the credit agreement until the maturity date. In exchange for this, the company will make a payment of US$1.75 million and adhere to enhanced reporting covenants. The company’s board of directors and management are exploring the financial condition and available alternatives for the company and its subsidiaries. The board has approved entering into the support agreement which also…

Neotech Metals Corp, a mineral exploration company, based in Vancouver, British Columbia announced that metallurgical testing has begun on their flagship Hecla-Kilmer property in partnership with SGS Laboratories. The testing will evaluate the economic potential of an expanded drilling campaign integrating rare earth mineralization, niobium-related mineralization, and phosphate recoveries to advance the project. The initial phase of testing will focus on assessing the project’s metallurgical response to various flowsheets including gravity, flotation, and magnetic separation methods. The analysis will consider potential recoveries, liberation, beneficiation components, and other variables aimed at progressing the project towards its next milestone. Additionally, Neotech Metals…

The Competition Bureau of Canada has officially confirmed that it will not challenge the proposed acquisition of Canadian company Stelco by Cleveland-Cliffs. Under the terms of the agreement, Cleveland-Cliffs offered C$60.00 in cash and 0.454 shares of its common stock for each Stelco share, totaling C$70.00. The transaction is anticipated to be finalized in Q4 2024, subject to the fulfillment or waiver of remaining closing conditions. Cleveland-Cliffs Inc. opened trading at C$17.23 per share, while Stelco Holdings Inc. opened trading at C$67.13 per share. Stelco operates facilities in Ontario and will maintain its operations in Hamilton and Nanticoke. Since the…

Enbridge (TSX:ENB) has completed the acquisition of Public Service Company of North Carolina Inc. from Dominion Energy Inc. The PSNC gas utility will operate in North Carolina as Enbridge Gas North Carolina and will be integrated into Enbridge’s gas distribution and storage business unit. This acquisition adds to Enbridge’s portfolio of gas utilities and strengthens its presence in the North American energy market. Enbridge’s executive vice president and president of gas distribution and storage, Michele Harradence, emphasized the alignment of values and operations between the two companies, highlighting their commitment to delivering safe and reliable natural gas to customers. The…

Suncor Energy has seen a 22% increase in its stock price over the past year, prompting investors to consider whether the stock is still undervalued and a good addition to their self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) focused on dividends and total returns. Currently trading near $53.50, Suncor’s stock recently experienced an 8% jump due to a spike in oil prices driven by geopolitical concerns. This reversal in the price of oil comes after a six-month decline. Despite the volatility in the oil market, Suncor has remained resilient, with plans to increase production by 100,000…

Magnum Goldcorp Inc. (TSXV: MGI) has announced that David H. Evans has resigned as a director of the Company, effective October 4, 2024. The Company expresses its appreciation for Mr. Evans’ commitment and contributions during his time on the Board of Directors. For more details, interested parties can visit Magnum Goldcorp Inc.’s official website at www.magnumgoldcorp.com. Magnum Goldcorp Inc. is a Canadian corporation focused on [insert relevant information about their business].

The annual general and special meeting of shareholders of Palisades Goldcorp Ltd. (TSXV: PALI) was held in Vancouver, BC, Canada on September 13, 2024. The shareholders voted to approve all the resolutions outlined in the management information circular, including setting the number of directors elected at the meeting at four (4), electing all nominee directors to the Board of Directors for the ensuing year, appointing Deloitte LLP as the auditor of the Company, and approving the Stock Option Plan. A total of 14,410,069 shares were voted, representing 30.08% of the issued and outstanding shares of the Company. The results of…