Breaking
Americans Rule Trading
Author

admin

Browsing
Investing

Rio Silver

Investing 7 Mins Read

Investor Insight

Rio Silver provides leveraged exposure to high-grade silver development through its Maria Norte project in one of Peru’s most productive mineral belts. With strong non-dilutive royalty income and milestone payments, the company offers meaningful upside with reduced dilution risk.

Overview

Rio Silver (TSXV:RYO,OTC:RYOOD) is a Canadian resource developer focused on advancing high-grade, silver‑dominant assets in Peru, one of the world’s most prolific and well‑established silver‑producing regions. With a deeply experienced in‑country technical and regulatory team, the company is positioned to execute a rapid, efficient development strategy centered on its flagship Maria Norte project and complemented by its recently acquired Santa Rita silver-lead-zinc project. Rio Silver continues to build value through a disciplined approach to acquisition, exploration and early‑stage development, supported by strong local relationships and a streamlined corporate structure.

Maria Norte property

The company also benefits from non‑dilutive financial strength through long‑term royalty income, milestone payments and equity interests tied to the sale of the Niñobamba project. Complementing its Peruvian portfolio, Rio Silver maintains a highly prospective critical metals asset in Ontario’s Ring of Fire, providing additional optionality and long‑term upside. Together, these assets reflect a balanced strategy aimed at near‑term development potential and sustained value creation.

Company Highlights

  • High-grade, silver‑dominant development focus centered on the Maria Norte project in Peru.
  • Strong insider alignment and seasoned management team with combined 150 years of discovery, mine development and operations history
  • Robust royalty and milestone income, including ~US$150,000/year in advanced royalty payments.
  • Strategic sale of Niñobamba delivering over US$2 million in milestones plus equity and a 2 percent NSR retained.
  • District‑scale expansion potential with additional silver targets under evaluation near Maria Norte.
  • Additional upside through a highly prospective critical‑metals project in Ontario’s Ring of Fire.
  • Newly acquired Santa Rita silver-lead-zinc project enhances district-scale synergies with Maria Norte, strengthening Rio Silver’s pure-play silver development strategy in Peru.

Key Project

Maria Norte Silver Project

The Maria Norte project is the company’s primary near-term development focus, located within the prolific Huachocolpa mining district – one of Peru’s most established silver-producing regions. Historically prepared for production and surrounded by multiple operating and past-producing polymetallic mines, Maria Norte benefits from excellent regional infrastructure, including two nearby processing plants within trucking distance.

A recent multidisciplinary site review conducted by Rio Silver’s in-country technical team confirmed strong mineralized structures, clear development sequencing, and a rapid execution pathway immediately upon regulatory approval of the acquisition. Preparations are underway for high-altitude camp construction, portal-access upgrades, and underground drift advancement along known gold-silver-lead-zinc structures. The company is also advancing explosives permitting and stakeholder access agreements, which continue to progress positively.

Maria Norte’s geology demonstrates significant high-grade potential, including historical sampling from the Castor vein system with values up to 16.5 grams per ton (g/t) gold and 1,128 g/t silver, alongside significant lead and zinc grades. The project lies on‑strike with nearby deposits supported by a positive preliminary economic assessment, reinforcing both grade continuity and development viability. Rio Silver is concurrently evaluating several additional silver-dominant targets within trucking distance, positioning Maria Norte as the foundation of a broader district-scale growth strategy.

Santa Rita Silver-Lead-Zinc Project

The Santa Rita project is a 570-hectare, high-grade carbonate-replacement (CRD) silver-lead-zinc system located within one of Central Peru’s most productive polymetallic belts, approximately 55 km from Rio Silver’s Maria Norte project. Acquired through a clean, closed-bid process granting full ownership with no underlying royalties, Santa Rita hosts more than 20 steeply dipping veins and multiple shallow-dipping mantos historically explored by previous operators. The project benefits from direct road access and proximity to producing mines and regional processing facilities, providing a cost-effective pathway for advancement. Metallurgical testing and field verification programs are underway as Rio Silver advances Santa Rita as a complementary asset to Maria Norte.

Niñobamba Silver-Gold Project (Optioned in 2025)

The Niñobamba project, located in Ayacucho, remains an important value contributor through milestone payments, equity ownership, and a 2 percent NSR royalty retained by Rio Silver. Historically, the project demonstrated significant silver and gold mineralization across its North and South zones. While now optioned, Niñobamba continues to enhance Rio Silver’s financial stability and long‑term upside.

Ring of Fire Critical Metals Project

Rio Silver also holds a prospective critical‑metals property in Ontario’s Ring of Fire, where airborne EM data identified one of the region’s strongest anomalies. Historical drilling and ongoing Indigenous engagement support its long‑term strategic potential.

Management Team

Chris Verrico – President, CEO and Director

Chris Verrico has extensive experience with rural-remote infrastructure construction and contract mining throughout BC, the Yukon, Alaska and Nunavut. He has been a director for a dozen startup junior mining companies, most of which have become public companies. Verrico has managed numerous exploration projects in North America, Mexico and throughout western South America. He is currently the director of Juggernaut Exploration.

Steve Brunelle – Chairman

Steve Brunelle is the former officer and director of Corner Bay Silver, which was acquired by Pan American Silver. He has 35 years of experience in mineral exploration throughout the Americas and is currently an Officer and Director for several TSXV companies.

Jim McCrea – Adviser

Jim McCrea has more than 30 years’ experience in exploration, mining geology and mineral resource estimation. McCrea has experience in a range of commodities, but primarily gold, silver and copper, with particular focus on North and South America. He has performed ore body modeling and resource estimation for the successfully targeted takeover company Cumberland Resources by Agnico-Eagle Mines. More recently, McCrea completed many mineral resource estimations underpinning acquisitions such as Minera San Cristóbal S.A. of Bolivia, Arena Minerals and Montan Mining, to mention a few.

Richard Mazur – Director

Richard Mazur is the co-founder and past managing director of RLG International, operating in over 30 countries worldwide with more than 300 employees.

Jeffrey J. Reeder – Advisor

Jeffrey J. Reeder, P. Geo., holds a B.Sc. (Honours) in Geology from the University of Alberta and has been a registered professional geologist with the Association of Professional Engineers and Geoscientists of British Columbia since 1992. With 25 years of experience working in Peru and fluency in Spanish, Reeder has played a key role in identifying and acquiring significant mineral projects, including the Aguila Copper-Moly deposit, which is now being developed by Mexican mining giant Industrias Peñoles, and the Pinaya copper-gold project, currently under exploration by Kaizen Discovery. Reeder is the president and CEO of Peruvian Metals, which operates a successful and expanding toll milling plant in northern Peru.

Eric H. Hinton – Advisor

Eric Hinton holds degrees from Haileybury School of Mines, Queen’s University, and Laurentian University and is a registered professional engineer in Ontario and Manitoba. A Fellow of the Canadian Institute of Mining, Metallurgy, and Petroleum, he is also designated as a Qualified Person (QP) in underground mining by the Mining and Metallurgical Society of America and is recognized as a QP under National Instrument 43-101.

Christopher Hopton – CFO and Advisor

Christopher Hopton is a seasoned financial management professional with 25 years of experience. He has led financial operations for resource and biotech companies across Canada and South America. Since 2019, Hopton has served as chief financial officer (CFO) of the company, bringing expertise in financial planning, accounting policy, and business process optimization. In addition to his current role as CFO at Rio Silver, Hopton previously served as CFO of Central Resources, a junior mineral exploration company. He also played a key role in the successful restructuring of 360 Networks, a network communications firm, which ultimately led to its strategic acquisition by Bell Canada.

This post appeared first on investingnews.com

Keep Reading
Investing

Charbone Hydrogen

Investing 10 Mins Read

Investor Insight

Charbone Corporation offers investors exposure to the rapidly expanding clean ultra high purity (UHP) hydrogen and specialty gases market through a modular, capital-efficient strategy that accelerates deployment and revenue generation. With first helium and UHP hydrogen deliveries, successful financings, and a growing network of long-term supply agreements, the company is entering a pivotal commercial phase supported by robust industry and policy tailwinds.

Overview

Charbone Corporation (TSXV:CH,OTCQB:CHHYF,FWB:K47) is an integrated company specialized in clean UHP hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region. It is developing a modular network of clean UHP hydrogen production while partnering with industry players to supply helium and other specialty gases without the need to build costly new plants. This disciplined strategy diversifies revenue streams, reduces risks and increases flexibility.

Charbone has accelerated its growth trajectory, negotiating a US$50 million financing, as one of possibilities in its toolbox, to expand across North America, executing a US$1 million collaboration agreement to advance a clean UHP hydrogen project in Malaysia, and achieving multiple milestones at its flagship Sorel-Tracy facility in Quebec. In 2025, the company completed the construction and equipment installation at Sorel-Tracy and began commissioning, after acquiring from Harnois Énergies and relocating the operating hydrogen production and refueling equipment to the site to enable faster commissioning and earlier hydrogen sales.

Charbone also launched its Industrial Gases Distribution Division and made its first helium delivery of 161,000 cubic feet of helium to an independent distributor in the Greater Toronto Area, underpinned by a three-year supply agreement. The company also signed a five-year clean UHP hydrogen supply contract with an Ontario-based distributor, with first deliveries scheduled to begin in December 2025. These agreements mark the company’s entry into the Ontario market and its integration into the North American specialty gases supply chain.

With its exclusive focus on clean UHP hydrogen, Charbone is positioning itself as a first mover in a multi-billion-dollar market. Leveraging Canada’s hydroelectric power and expanding nuclear capacity, Charbone plans to deliver sustainable hydrogen solutions that meet rising demand from both governments and global industries.

Company Highlights

  • Canada’s only publicly listed clean UHP hydrogen company: Charbone Corporation offers investors unique exposure to the fast-growing hydrogen economy as a company focused on clean UHP hydrogen production and distribution.
  • Building a North American clean UHP hydrogen pipeline: Advancing multiple projects, anchored by its flagship Sorel-Tracy facility in Quebec, to establish a scalable production and distribution network.
  • Well-financed for growth and expansion: Charbone negotiated US$50 million financing, facilitated by US Capital Global, as one of its possibilities in its toolbox to accelerate funding of modular build-out and expand its footprint across North America.
  • Expanding into international markets: Through a US$1 million master collaboration agreement, Charbone is supporting the deployment of a clean UHP hydrogen project in Malaysia, highlighting its global reach.
  • Aligned with strong policy and market tailwinds: For years, Canada leaned on centralized, fossil-based reformers. That playbook is obsolete. Now, Quebec’s hydropower can supply electrolyzers that split H₂O into H₂ and O₂ with zero carbon footprint. Charbone’s plug-and-play approach repurposes proven gear, slashing lead times and trimming capex. Charbone is well-placed for long-term growth.
  • Focus on clean UHP hydrogen production: Charbone is dedicated to producing hydrogen using baseload renewable energy, such as hydroelectric and nuclear energy — a critical pathway to decarbonization with a reliable and efficient production capacity.
  • New Industrial Gases Distribution Division: Achieved its first helium delivery and signed a three-year supply agreement, establishing a new revenue stream in specialty gases.

Project Pipeline and Key Partnerships

Charbone forged strong partnerships to execute its business model. Here’s where it gets cool: renewable hydroelectricity powers electrolyzers that split water into hydrogen and oxygen. Purification skids then crank it up to 99.999% purity – true industrial grade. This hydrogen production model serves everything from fuel-cell fleets and semiconductor fabs to specialty metal processing and next-gen refueling stations.

Charbone isn’t flying solo. The company has built a network of strategic partners across production, infrastructure and commercial distribution, including:

  • Energy and technology partners such as Hydro-Québec and ABB, supporting clean power supply and the development of modular hydrogen facilities across North America.
  • Equipment and construction partners responsible for the delivery, relocation and installation of Charbone’s operating hydrogen production assets and the completion of civil works at Sorel-Tracy.
  • A US Tier-One industrial gas producer, with whom Charbone recently formed a strategic alliance to expand access to helium and specialty gases and strengthen North American market penetration.
  • Commercial distributors in Ontario and the Greater Toronto Area under multi-year agreements for clean UHP hydrogen and UHP helium, marking Charbone’s entry into these fast-growing specialty gas markets.
  • Public listings on the TSX Venture Exchange, OTCQB, and Frankfurt Stock Exchange, supporting access to global capital.

Charbone’s memorandum of understanding (MOU) with ABB includes the development of up to 16 modular and scalable green hydrogen production facilities across North America over the next five years. Under the MOU, ABB will support Charbone in standardizing basic engineering for systems and components across its project portfolio to increase energy efficiency and reliability.

Among the sites covered by the collaboration is Charbone’s flagship Sorel-Tracy facility near Montreal in Quebec, Canada. In 2025, the project reached several major milestones: the safe reception and transfer of all major hydrogen production components, the launch and completion of civil works, and the equipment installation and the start of Phase 1a commissioning on schedule in November 2025. These advances were enabled by Charbone’s acquisition from Harnois Énergies and relocation of operating hydrogen production assets, accelerating deployment and reducing capital requirements.

The construction of its Sorel-Tracy facility is being done with the participation of EBC, one of the largest construction companies in Quebec. EBC has a proven track record of designing and building facilities in Canada and the US. The partnership agreement gives EBC the right of first refusal to construct additional Sorel-Tracy phases, as well as one or all of Charbone’s facilities within the North American market.

In addition, Charbone has entered into several other strategic partnerships, all aimed at expanding its footprint in North America. The company entered into a special consultancy agreement with Enki GéoSolutions for potential partnership proposals as a co-operator and distributor of an emerging form of clean and renewable hydrogen, known as white or natural hydrogen.

In June 2024, Charbone executed a supply agreement for a complete containerized electrolyzer system ready for shipment to its flagship clean UHP hydrogen site in the City of Sorel-Tracy, Quebec. Since then, the company has completed grid and water connections, obtained its first hydrogen tube trailer for bulk transport, and introduced a dedicated helium tube trailer to support new commercial activity in Ontario. These logistics capabilities now support both hydrogen and helium deliveries under multi-year supply agreements.

Charbone also signed commercial supply agreements (CSAs) with a top-tier US industrial gas producer and distributor. The first CSA secures hydrogen supply ahead of Charbone’s own production, while the second expands its product offerings to include helium and other industrial gases. In 2025, this relationship expanded into a broad strategic alliance, strengthening Charbone’s access to high-value gases and enhancing its commercial footprint across North America.

Superior Plus

This partnership allows Charbone to sell hydrogen produced at the Sorel-Tracy facility to Certarus, a subsidiary of Superior Plus. Such supply agreements ensure that Charbone can generate cash flow immediately following the commencement of production.

NEK Community Broadband

The agreement with NEK Community Broadband ensures the supply of green hydrogen in the Northeast Kingdom of the state of Vermont, USA. NEK Broadband is building a high-speed broadband infrastructure and plans to install a hydrogen fuel cell backup system for a reliable power supply.

Oakland County Economic Development Department, Michigan

Further advancing its goal of US expansion, Charbone signed a memorandum of understanding in December 2023 with Michigan’s Oakland County Economic Development Department to set up Charbone’s first clean UHP hydrogen facility in the US. Oakland County is home to major automakers, and a clean UHP hydrogen facility in their proximity will support the effort of producing environmentally friendly mobility options.

Being the only publicly listed clean UHP hydrogen player in Canada, Charbone offers investors a unique opportunity to participate in the rise of Clean UHP hydrogen as a potential low-emitting alternative to fossil fuels.

Management Team

Dave Gagnon – Chairman and CEO

Dave Gagnon has been chairman and chief executive officer of Charbone Corporation since April 21, 2022. With over 20 years of executive leadership experience in Cleantech, Wind Power, Hydropower, Lithium Resources, and Industrial Gases, he has built a career focused on scaling innovative infrastructure, accelerating sustainable energy solutions, and leading cross-border growth initiatives in high-impact sectors.

Benoit Veilleux – Chief Financial Officer

Benoit Veilleux was appointed as the CFO of Charbone on August 15, 2022. Veilleux has over 15 years of experience in corporate accounting and finance. He began his professional career at KPMG in 2003, where he managed and coordinated audit teams for public companies until 2010. Since then, he has worked with a number of companies including Air Liquide Canada and the Hypertec Group.

Daniell Charette – Chief Operating Officer

Daniell Charette has been the chief operating officer of Charbone since February 2019. He brings over 25 years of experience in running and managing renewable energy companies. He has worked in senior leadership roles with several renewable companies including NEG Micon A/S, Vestas and Brookfield Power. He has served on various association boards and councils, including the Canadian Wind Energy Association, Association Québécoise des Producteurs d’Énergie Renouvelable, and Latin Wind Energy Association.

Francois Vitez – Director

Francois Vitez is a hydropower and energy storage expert with more than 24 years of experience in development, engineering and construction management as well as operations and maintenance of hydropower and energy storage projects in North America and internationally. He is a board member and chair of the Value of Hydropower committee at Waterpower Canada, vice-chair of the Energy Storage Association of Canada, board member of the California Energy Storage Association, and member of the International Hydropower Association.

Patrick Cuddihy – Industrial Gases Operations Team

Patrick Cuddihy is a seasoned operations leader with over 20 years of experience at Air Liquide Canada, to its hydrogen operations team. Patrick brings a wealth of expertise in managing industrial gas production and distribution, having held senior roles including network sales director for Quebec Region, general manager for Pacific Region, director of procurement services, and director of logistics and assets for the Eastern Region.

Jean Watelle – Hydrogen Production

Jean Watelle is an engineer with more than 25 years of experience in technical and manufacturing management, including 11 years as director, hydrogen and site operations, large industries – Eastern Region at Air Liquide Canada, five years in Lean Manufacturing and as a Tier 1 specialist for Chrysler and Ford. Known for his dynamism, creativity and excellent knowledge of continuous improvement tools, Watelle enjoys successfully completing stimulating challenges with a committed team.

This post appeared first on investingnews.com

Keep Reading
Investing

Nine Mile Metals Announces Completion of DDH WD-25-02 and Continues to Confirm (2) Zones of Copper Rich VMS Mineralization at the Wedge Project Drill Program

Investing 5 Mins Read

Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) (the ‘Company’ or ‘Nine Mile’) is pleased to announce that the 2nd drill hole in its Wedge Western Extension Drill Program (DDH-WD-25-02) has been completed and is in progress on its 3RD hole (DDH-WD-25-02B).

  • DDH WD-25-02 was collared on the same drill pad as WD-25-01 and drilled at an azimuth of 310 degrees and a dip of -50 degrees to intersect the first plate approximately 50 meters west of Hole WD-25-01, increasing the mineralized zone along strike, to the west. (Figure 3). The hole completed at 203m at depth.
  • DDH WD-25-02 was successful, intersecting massive copper bearing sulphides (VMS — Cu-Pb-Zn-Ag-Au).
  • Massive copper bearing sulphides (VMS — Cu-Pb-Zn-Ag-Au) were found associated with the contact breccia at 139m depth with a second zone of massive copper bearing sulphides (VMS — Cu-Pb-Zn-Ag-Au) intersected at 155 meters, having an approximate true width of 20 meters.
  • The sulphide mineralogy in WD-25-02 is readily visible, especially the massive copper mineralization, as shown in Figures 1 & 2. Chalcopyrite (CuFeS2) occurs as masses, streaks and blebs while more local Pb-Zn mineralization is well banded with sphalerite (Zn) the dominant sulphide. Local bornite (Cu5FeS4) and Covellite (CuS) is visibly present, the bornite displays its characteristic ‘Purple Peacock Copper Bloom’ and Covellite its ‘Blue Copper’, as seen in Figure 1.
  • All drill core has been measured, logged, photographed, marked and cut for sampling at the company’s warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation – filtering and width identification in definition for sampling core for Actlabs Analysis. A total of 55 sections have been identified for Base and Precious Metals analysis, including Antimony, for Actlabs, Fredericton, New Brunswick.

FIGURE 1: Visible Massive Copper Mineralization from Zone 1 & 2 (including Covellite (CuS) & Bornite (Cu5FeS4 ).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276702_nine%20mile%20figure%201.jpg

FIGURE 2: Visible Massive Copper Mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276702_578ddd37b42d9a3c_005full.jpg

FIGURE 3: Modeled Plates and Drill Holes WD-25-01 and WD-25-02

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276702_578ddd37b42d9a3c_006full.jpg

Gary Lohman, VP Exploration, Director, stated, ‘We are pleased with our technical preparation of this drill program and quality of our Lens targeting. The western extension of this deposit is robust and copper rich. Very positive to confirm the thickness of this plate intersection as we stepped approximately 50m west of DDH-WD-25-01. Our data modelling suggests a 3rd potential Zone of mineralization which Mike Dufresne of Apex Geoscience is modeling and designing (2) potential Drill holes to test that prospective Zone from the western flank area, thus avoiding a sheer zone from the south. We look forward to moving to the Northwest area of this extension program.’

Patrick J. Cruickshank, MBA, CEO & Director, stated, ‘Once again, we have intersected quality mineralization at the desired Target Plates at DDH-25-02, as designed and set out by our Technical Team. The visible mineralization and copper rich sulphides is just spectacular. The presence of Bornite and Covellite is a strong indicator of the quality of this deposit. This western flank area is being confirmed as a rich Copper Lens, one hole at a time. We are on track to increase the Wedge Mine’s mineralized footprint to the west and at depth. The next drill hole in our campaign is DDH-WD-25-02B, which is underway and we look forward to sharing our next summary update shortly.’

About Nine Mile Metals Ltd.:

Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

Social Media

X: @NineMileMetals
LinkedIn: Nine Mile Metals
Facebook: @ Nine Mile Metals

ON BEHALF OF Nine Mile Metals LTD.

‘Patrick J Cruickshank, MBA’
CEO and Director
T: +1.506-800-0581
E: info@ninemilemetals.com

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as ‘will,’ ‘may,’ ‘would,’ ‘expect,’ ‘intend,’ ‘plan,’ ‘seek,’ ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘predict,’ ‘potential,’ ‘continue,’ ‘likely,’ ‘could’ and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) prior to commencing the 2023 exploration drill program, the ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values, (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) our current financial raise will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

____________________________________________________________________________________

The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 (T) (506) 804-6117
www.ninemilemetals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276702

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Business

Apple’s AI chief abruptly steps down

Business 3 Mins Read

Apple’s top artificial intelligence executive is stepping down and will retire in 2026, the company announced Monday.

John Giannandrea had been at Apple since 2018, where his official title was senior vice president for machine learning and AI strategy.

He will be replaced by Amar Subramanya, who comes to Apple after a brief stint as corporate vice president of AI at Microsoft and more than a decade at Google.

Subramanya will report to one of CEO Tim Cook’s deputies, Craig Federighi, rather than to Cook directly, as Giannandrea had.

‘AI has long been central to Apple’s strategy, and we are pleased to welcome Amar to Craig’s leadership team and to bring his extraordinary AI expertise to Apple,’ Cook said Monday.

The abrupt change at a company known for its careful succession planning highlights Apple’s challenge as it tries to compete with top AI developers such as Google, ChatGPT owner OpenAI, Meta and Microsoft.

Earlier this year, Apple delayed the release of an upgraded version of Siri with AI powered features. At the time, it said it was going to ‘take us longer than we thought’ to develop the new version.

The company said it anticipated rolling out new features ‘in the coming year,’ but it has not offered any more specifics.

‘We’re making good progress on it, and, as we’ve shared, we expect to release it next year,’ Cook said on the company’s quarterly earnings call in late October.

“With Apple Intelligence, we’ve introduced dozens of new features that are powerful, intuitive, private and deeply integrated into the things people do every day,” Cook said on the Oct. 30 call

The company is targeting the spring to release the upgraded Siri, Bloomberg News recently reported.

When a user grants permission, Siri can tap into ChatGPT’s broad world knowledge and present an answer directly.Apple

While Apple’s iOS and macOS are integrated with ChatGPT, those features are somewhat limited.

In recent weeks, Apple has reportedly neared deals to integrate with Google’s Gemini, as well as AI models from Perplexity and Anthropic.

Apple introduced Apple Intelligence on June 10, 2024.Apple

Apple’s stock has also felt the effect of what some perceive to be its lagging AI services.

This year, Apple shares have returned 13%, which tops both Amazon and Microsoft. But shares of Oracle have popped 20%, Nvidia has surged 34%, and Google parent company Alphabet has soared 65%.

Still, Apple remains the world’s second-largest publicly traded company, with a market value of $4.2 trillion, behind only Nvidia.

Overall, the S&P 500 has risen almost 16% this year.

This post appeared first on NBC NEWS

Keep Reading
Business

Starbucks to pay about $35M to NYC workers to settle claims it violated labor law

Business 2 Mins Read

Starbucks will pay about $35 million to more than 15,000 New York City workers to settle claims it denied them stable schedules and arbitrarily cut their hours, city officials announced Monday.

The company will also pay $3.4 million in civil penalties under the agreement with the city’s Department of Consumer and Worker Protection. It also agrees to comply with the city’s Fair Workweek law going forward.

A company spokeswoman said Starbucks is committed to operating responsibly and in compliance with all applicable local laws and regulations in every market where it does business, but also noted the complexities of the city’s law.

“This (law) is notoriously challenging to manage and this isn’t just a Starbucks issue, nearly every retailer in the city faces these roadblocks,” spokeswoman Jaci Anderson said.

Most of the affected employees who held hourly positions will receive $50 for each week worked from July 2021 through July 2024, the department said. Workers who experienced a violation after that may be eligible for compensation by filing a complaint with the department.

The $38.9 million settlement also guarantees employees laid off during recent store closings in the city will get the chance for reinstatement at other company locations.

The city began investigating in 2022 after receiving dozens of worker complaints against several Starbucks locations, and eventually expanded its investigation to the hundreds of stores in the city. The probe found most Starbucks employees never got regular schedules and the company routinely reduced employees’ hours by more than 15%, making it difficult for staffers to know their regular weekly earnings and plan other commitments, such as child care, education or other jobs.

The company also routinely denied workers the chance to pick up extra shifts, leaving them involuntarily in part-time status, according to the city.

Starbucks Workers United members and supporters picket outside a Starbucks in New York on Nov. 21.Michael Nagle / Bloomberg via Getty Images

The agreement with New York comes as Starbucks’ union continues a nationwide strike at dozens of locations that began last month. The number of affected stores and the strike’s impact remain in dispute by the two sides.

This post appeared first on NBC NEWS

Keep Reading
Investing

Bold Ventures Announces Results of Fall Sampling Program at Burchell

Investing 10 Mins Read

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the ‘Company’ or ‘Bold’) is pleased to announce the results of its Fall mechanical stripping and channel sampling program on its Burchell Copper-Gold Property (the ‘Property’), located within the Shebandowan Greenstone Belt approximately 100 km west of Thunder Bay, Ontario. Eight areas were stripped by excavator in the vicinity of the 111 Gold Zone, including the 111 Zone itself, and more than 400 channel samples and 80 grab samples were collected during the program. All gold results and most trace element results have now been received from the laboratory.

Highlights from the program include:

  • The northernmost channel sample and grab sample at Stripped Area 1 (~17 m across strike from the main gold zone) were anomalous in gold (0.32 g/t Au over 1.0m channel and 0.44 g/t Au grab sample), indicating a possible subparallel gold zone and the need to expand the stripping to the north.
  • Widespread zinc and gold anomalies, with local copper and lead anomalies, at multiple stripped areas including the 111 Zone. Apparent zonation from south to north at the 111 Zone from dominantly zinc to copper to gold across a total discontinuous mineralized width of 29 meters in the central part of the zone. Stripped Area 4 approximately 500 meters west of the 111 Zone returned 0.13 g/t Au and 0.7% Zn over 4.3 meters including 0.30 g/t Au and 3.1% Zn over 0.8 meters.

Identification of three areas where additional mechanical stripping is warranted in advance of drilling: Stripped Areas 1, 6 1nd 7, see Figure 1.

Significant results from each stripped area are presented below. The results are summarized in Figure 1 and Figure 2 displays a detailed map of channel sampling results at Stripped Area 1 (the 111 Zone). Table 1 gives the UTM coordinates, lengths, orientations and grades of channel samples at the 111 Zone and select channel samples at other stripped areas. Channel sample widths reported are apparent widths. Table 2 gives relevant information on select grab samples collected at the stripped areas.

Stripped Area 1:

Target: the 111 Zone, 68 g/t Au grab sample.

Results: Identification of an envelope of discontinuous anomalous gold mineralization with maximum width of 14 meters. Channel samples include 2.1 g/t Au over 1.0 m, 1.4 g/t Au over 1.0 m, 1.7 g/t Au over 0.55 m, and 2.1 g/t Au over 0.5 m (previously reported on September 11, 2025). Higher-grade values tend to occur on either side of a 2-meter wide QFP sill which is strongly fractured and outcrops poorly. The host rocks appear to be silicified mafic to intermediate metavolcanic rocks, transitioning to more intermediate to the northwest. One grab sample of exposed outcrop returned 8.0 g/t Au with others returning 2.0 g/t Au and 1.0 g/t Au. Earlier in the season an additional high-grade result of 32.4 g/t Au, previously unreported, was obtained from a slab of subcrop near to where the 68 g/t Au sample had been discovered (see January 9, 2025 news release). The northern-most channel sample in the stripped area (~17 m across strike from the main gold zone) returned 0.32 g/t Au over 1.0 m, and a grab sample returned 0.44 g/t Au, suggestive of a parallel zone to the north which should be stripped back further. Multiple samples of anomalous zinc mineralization were also obtained, generally marginal to or outside of the envelope of anomalous gold mineralization. Intervals include 0.87% Zn over 0.55 m and 0.34% Zn over 2.25 m. Local copper anomalies were also obtained, with a maximum of 0.34% Cu over 0.85 m and a broader interval of 0.15% Cu over 5.9 m. There appears to be zonation from south to north from dominantly zinc to copper to gold across an overall discontinuous mineralized width of approximately 29 meters in the central part of the zone.

Stripped Area 2:

Target: Grab sample of 5 cm quartz vein which returned values of 300 g/t Ag, 0.93 g/t Au, 0.54% Pb and 0.19% Zn.

Results: No significant channel sampling results were obtained. An additional grab sample of the veining earlier in the season returned a previously unreported value of 125 g/t Ag with 0.43 g/t Au and 0.18% Pb.

Stripped Area 3:

Target: 70 ppb Au soil sample.

Results: A zone of altered volcanic rocks intruded by three subparallel porphyry sills was uncovered. One interval returned 0.56 g/t Au, 0.55% Zn and 0.23% Pb over 1.3 meters, including 0.91 g/t Au, 0.78% Zn and 0.33% Pb over 0.73 meters, within the volcanic rocks. An additional interval within the volcanic rocks returned 0.11 g/t Au over 1.8 meters, and an interval within one of the QFP sills returned 0.16 g/t Au over 1.0 meters.

Stripped Area 4:

Target: 0.21 g/t Au grab sample.

Results: A zone of altered volcanic rocks and quartz sericite schist intruded by a QFP sill was uncovered, similar in appearance to the 111 Zone. One channel sample near the porphyry returned 0.20 g/ Au over 0.8 m. However, approximately 30 m further to the southeast, altered volcanic rocks returned 0.13 g/t Au and 0.7% Zn over 4.3 meters including 0.30 g/t Au and 3.1% Zn over 0.8 meters. Trace element results are pending for about half of the channel samples at this stripped area.

Stripped Area 5:

Target: Grab sample of quartz sericite schist which returned 0.21 g/t Au with 1.34% Zn and 0.36% Pb.

Results: A zone of altered mafic to intermediate volcanic rocks and quartz sericite schist was uncovered. One grab sample of a 1-2 cm veinlet of massive pyrite returned 2.9 g/t Au. One channel sample returned 0.12 g/t Au over 0.95 meters. Several samples returned anomalous zinc and lead results, with intervals including: 0.28% Zn & 0.11% Pb over 1.1 m; 0.97% Zn & 0.06% Pb over 1.0 m; and 0.19% Zn & 0.11% Pb over 2.45 m.

Stripped Area 6:

Target: 301 ppb Au soil anomaly.

Results: A sheared intermediate intrusive / porphyry unit was uncovered, at least 5 meters in width. One sample of quartz flooded material with 1-2% pyrite along a narrow shear returned 0.12 g/t Au. In light of knowledge gained at the 111 Zone, the margins of the intrusive unit should be stripped back further up the hill to the southeast to determine if there is a gold zone on the flank of the intrusive, which may be responsible for the soil anomaly.

Stripped Area 7:

Target: 647 ppb Au soil anomaly.

Results: A zone of strongly sheared mafic / intermediate fragmental rocks was uncovered, intruded by a <1 m folded intermediate intrusive dike with sparse potassic stringers containing minor chalcopyrite. No significant channel sample results were obtained. However, following the channel sampling program, subcrop of QFP was discovered approximately 10-15 meters across strike to the southeast and slightly uphill from the stripped area. This area should be further stripped to expose any potential gold zone flanking the porphyry unit, which may be responsible for the gold anomaly. Trace element results are pending from the channel sampling.

Stripped Area 8:

Target: Grab sample of quartz sericite schist which returned 0.41 g/t Au and 1.5% Cu.

Results: A zone of sheared quartz sericite schist was uncovered. A channel sample of the original showing returned 0.5 g/t Au over 0.1 m, but otherwise there were no significant channel sample gold results. Trace element results are pending.

Bruce MacLachlan, president and COO of Bold Ventures, said of the results: ‘The mechanical stripping and channel sampling program uncovered broad, widespread gold and base metal mineralization and gave us a better understanding of the geological controls on mineralization. The program set us up for a second phase of stripping before year-end followed by a first phase of drilling this winter. We are in the early days of exploring a major, previously unexplored mineralizing system with no known drillholes that appears to stretch at least 3 km on the property and may extend past the western boundary of the property. We are excited to drill the first ever drillholes into this system and see what we come up with.’

QAQC Protocols

Rock samples were collected, documented and photographed in the field, then placed in sealed bags and delivered to Activation Laboratories (ActLabs) in Thunder Bay, which is an ISO / IEC 17025 accredited laboratory. Rock sample collection is subject to Bold’s internal quality assurance / quality control (QAQC) protocols, which include the insertion of blank material and certified reference material into each batch of grab samples submitted, and at regular sampling intervals in the case of channel samples. Sample duplicates were also collected of channel samples at regular intervals. Rock samples referenced in this news release were analyzed using ActLabs methods 1A2-50, a 50g fire assay with atomic absorption finish, and 1F2, a total digestion with ICP-OES finish for trace elements.

The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., the Company’s V.P. of Exploration and a qualified person (QP) for the purposes of NI 43-101.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold Critical and Battery Minerals page.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’ ‘David B Graham’
Bruce MacLachlan David Graham
President and COO CEO

 

Direct line: (705) 266-0847

Email: bruce@boldventuresinc.com

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.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276617

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Niger Moves to Sell Uranium From Orano’s Seized SOMAÏR Mine

Investing 3 Mins Read

Niger’s military government announced that it intends to put uranium produced by the SOMAÏR mine on the international market.

Head of the junta, General Abdourahamane Tiani, told state television Tele Sahel that “Niger’s legitimate right to dispose of its natural riches to sell them to whoever wants to buy them, under the rules of the market, in complete independence.”

Orano has operated uranium mines in Niger for decades and officially retains a 60 percent stake in SOMAÏR, as well as stakes in the Cominak and Imouraren mines.

However, the company lost operational control of these facilities in December 2024 when the junta intervened, citing expired mining agreements and asserting full sovereignty over national resources.

Orano condemned the latest uranium transfer as illegal, noting that it constitutes a direct breach of a September 2025 ruling by the International Centre for Settlement of Investment Disputes (ICSID).

The tribunal had ordered Niger “not to sell, transfer, or even facilitate the transfer to third parties of uranium produced by SOMAÏR” held in violation of Orano’s rights.

The French company said it learned of the shipment only through media reports and has “no official information on the quantity removed, the shipment’s destination, or the conditions of its transport.”

“This shipment is in breach of the decision handed down in favor of Orano,” the company said, warning that it reserves the right to take “any additional action necessary, including criminal proceedings against third parties, should the material be taken in violation of its offtake entitlement.”

Further, a company statement as reported by Reuters said that “transporting a large quantity of uranium through an unsecured corridor poses significant safety and security risks.”

Since the 2023 coup, Niger has turned away from its former colonial partner, France, accusing it of supporting separatist groups. It has also sought closer ties with Russia, which has previously expressed interest in mining uranium in Niger.

The SOMAÏR mine, along with Cominak and Imouraren, produces a significant share of the uranium supplied to global markets. In 2022, Niger accounted for roughly a quarter of natural uranium used by European nuclear power plants.

Orano said that about 1,500 metric tons of uranium were stockpiled at SOMAÏR before the transfer, with potential buyers speculated to include Turkish, Iranian, and Russian interests.

The group has pursued multiple legal avenues to regain operational control, including arbitration and lawsuits in Niger, arguing that the junta’s interference has harmed the mine’s financial position.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Keep Reading
Investing

Sarama Partners With InvestorHub to Strengthen Investor Engagement

Investing 3 Mins Read

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / December 2, 2025 / Sarama Resources Ltd. (‘Sarama’ or the ‘Company’)(TSX-V:SWA)(ASX:SRR) is pleased to announce that it has partnered with InvestorHub and launched a new interactive website, a direct-to-investor engagement platform (‘Investor Hub‘ or ‘Hub‘) designed to be more transparent and interactive with investors.

Through the Hub, investors and shareholders can easily access ASX announcements, project updates, videos, and insights as Sarama continues advancing gold exploration at the Cosmo and Mt Venn Gold Projects in Western Australia and progressing its fully funded US$242M arbitration claim against the Government of Burkina Faso (‘GoBF‘).

The Company will share new content through the Hub aimed at giving shareholders a deeper insight into Sarama’s growth strategy and value creation initiatives.

Sarama’s Executive Chairman, Andrew Dinning commented:

‘We are very pleased to launch our InvestorHub Platform which we believe will serve as a valuable tool for engaging with our investor community.

In the Hub you will find announcements, interviews, presentations and an interactive function that allows Sarama shareholders and interested investors to submit relevant, constructive questions, which will be answered in a timely manner.

We encourage stakeholders to sign up to the Hub and we look forward to your feedback.’

To watch Executive Chairman Andrew Dinning’s introduction to the new platform, head to our InvestorHub here

How to sign up for the Sarama Resources Investor Hub:

1. Visit https://www.saramaresources.com/auth/signup

2. Follow the prompts to create your Investor Hub account

3. Complete your account profile

For further information, please contact:

Andrew Dinning

Sarama Resources Ltd | +61 8 9363 7600 | e: info@saramaresources.com

CAUTION REGARDING FORWARD LOOKING INFORMATION

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes, but is not limited to, the quantum and pursuit of compensation for the loss and damages; the pursuit and outcome of the arbitration claim; and Sarama’s commitment to advancing the arbitration to its conclusion. Actual results may vary from the forward-looking information due to known and unknown risks, uncertainties and other factors. Such factors include, among others, the success of Sarama’s claim against the GoBF; as well as those factors disclosed in the Company’s publicly filed documents.

Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of gold and other precious metals, that the Company will not be affected by adverse political and security-related events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information. Sarama does not undertake to update any forward-looking information, except as required by applicable laws.

This announcement has been authorised by the Board of Sarama Resources.

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.

SOURCE: Sarama Resources Ltd.

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Homerun Resources Inc. Announces Engagement of Jiri Skopek as Corporate Development Advisor for the Strategic Commercialization of the Enduring Long Duration Energy Storage System Integrated with “The Hub” AI Energy Management Platform

Investing 5 Mins Read

Homerun Energy USA, Inc. (‘Homerun’ or the ‘Company’) a newly formed 100% owned subsidiary of Homerun Resources, Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) is pleased to announce the engagement of Jiri Skopek as Corporate Development Advisor for the strategic development and commercialization of the Company’s Enduring Long Duration Energy Storage System (LDES) integrated with Homerun Energy’s Energy Management System (EMS).

This appointment follows the recently announced Intellectual Property Agreement between Homerun Energy USA, Inc. and the Alliance for Sustainable Energy, LLC, operator of the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).

Building upon the two years of collaboration between Homerun and NREL, Mr. Skopek will provide advisory in the efforts to commercialize the LDES. The LDES is designed to provide sustainable heat and power through a dual-purpose architecture that combines silica-based energy storage with purification processing, achieving significant decarbonization and operational integration efficiency.

Under the commercialization plan, Homerun Energy will integrate its advanced AI energy management and control system (EMS). Homerun’s technology is designed to operate across devices and brands to optimize energy capture, maximize storage efficiency and enable smarter, more sustainable energy use. By integrating AI into the edge Hub and into the cloud, Homerun empowers the end-user to better monitor, control and predict energy generation, usage and needs, enhancing performance while reducing costs and environmental impact and enabling advanced services such as energy trading.

Alignment with the CleanTech Blueprint 2025

Mr. Skopek recently co-authored ‘The Future is Direct: Shift to DC Power Systems,’ a chapter in the CleanTech Blueprint 2025, a global collaboration led by LG NOVA and the Coalition for Innovation. The Blueprint outlines the transition from centralized AC grids toward digital, distributed DC systems, which deliver improved efficiency, reliability, and renewables integration. These insights align directly with Homerun’s commercialization model – combining enduring, sand-based energy storage with AI-managed distributed intelligence for next-generation microgrid applications.

Brian Leeners, CEO of Homerun, commented, ‘The engagement of Jiri Skopek comes at a pivotal time as the Enduring LDES advances from development into commercialization. Following our IP Agreement with NREL, Jiri’s experience and leadership will be instrumental in bringing these innovations to multiple global markets.’

Jiri Skopek added: ‘The convergence of materials, energy systems, and digital intelligence defines the future of clean power. Homerun’s platform uniquely integrates long-duration storage, silica technologies, and AI intelligence to deliver solutions capable of transforming industrial and grid-scale energy applications.’

About Jiri Skopek

Jiri Skopek is an architect, smart community planner, and leader in smart and sustainable development whose work has shaped buildings, communities, and national standards for more than three decades. As Managing Director of Sustainability at JLL, he advised corporate clients on greening large portfolios and led the smart-building transformation of federal buildings, a landmark deployment of analytics-driven operations in government real estate.

About Homerun (https://www.homerunenergy.com/ and https://homerunresources.com/)

Homerun Energy USA, Inc (Reno, NV) is a 100% subsidiary of Homerun Resources, Inc.

Homerun (TSXV: HMR,OTC:HMRFF) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

  • ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
  • Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
  • Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
  • ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

On behalf of the Board of Directors of
Homerun Resources Inc.

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276611

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Nextech3D.ai Announces Definitive Agreement to Acquire 100% of ARway, Streamlining Operations

Investing 5 Mins Read

Nextech already owns 15million shares or about 40% of the 38 million shares outstanding in Arway Corporation (‘Arway’) OTCQB: ARWYF / CSE: ARWY

TORONTO, ON / ACCESS Newswire / December 2, 2025 / Nextech3D.ai (CSE:NTAR,OTC:NEXCF)(OTCQX:NEXCF)(FSE:1SS), Nextech an AI-first 3D modeling and event technology company, and Arway is pleased to announce that they have entered into a definitive agreement dated December 1, 2025 (the ‘Definitive Agreement‘) setting forth the terms and conditions of their previously announced transaction pursuant to which Nextech proposes to acquire all of the common shares of Arway (‘Arway Shares‘) which it does not already own (the ‘Transaction‘). The Transaction will allow Nextech to further consolidate its technology stack with Arway and Map Dynamics (‘Map D‘), creating a more unified and competitive offering for the global events industry while streamlining operations.

Strategic Rationale

Owned by Arway, Map D supports hundreds of events annually with interactive floor plans, exhibitor tools, ticketing, badge printing, mobile apps, and blockchain ticketing. Bringing Arway back in-house is expected to streamline operations, eliminate redundant overhead, and accelerate development across AI, AR, and navigation technologies.

Nextech currently owns ~40% of Arway, with management holding an additional ~20%, demonstrating strong alignment and long-term commitment.

The consolidation is expected to:

  • Reduce costs through team and technology integration

  • Accelerate product innovation by combining AI, AR navigation, and 3D tools into a single event platform

The unified suite will span event setup, AI matchmaking, AR/AI navigation, ticketing, payments, and blockchain capabilities-supporting Nextech’s strategy of growing recurring SaaS revenue.

About ARway

Arway, spun out from Nextech in 2022, provides no-code, no-hardware AR navigation. Following the Transaction, it will operate as a wholly-owned subsidiary with its technology embedded directly into Map D.

CEO Comment

‘This reacquisition streamlines Nextech3D.ai into a stronger, more unified company. Integrating Arway with Map D accelerates our vision for a full AI-powered event technology suite.’

Further Details of the Transaction

  • 38,641,161 Arway shares currently outstanding

  • 225,298,980 Nextech shares currently outstanding

  • 19,866,921 Nextech shares issuable as consideration

  • Deemed price of $0.083 per Arway share and $0.161 per Nextech share

The Exchange ratio is one (1) Arway share will be exchanged for approximately .514 of Nextech shares.

Pursuant to the Definitive Agreement, the Transaction will proceed by way of a three-cornered amalgamation, whereby Arway will amalgamate with a wholly-owned subsidiary of Nextech and shareholders of Arway will receive an aggregate of 19,866,921

Nextech Shares on a pro rata basis, calculated based upon their existing holdings of Arway (the ‘Exchange Ratio‘).

There are currently an aggregate 38,641,161 Arway Shares [and no convertible securities] of Arway issued and outstanding. Accordingly, based on the Exchange Ratio and assuming no other share issuances by Arway, shareholders of Arway will receive approximately 0.514 Nextech Shares in exchange for each one Arway Share held.

The deemed price for each Arway Share to be acquired pursuant to the Transaction shall be C$0.083 resulting in an aggregate valuation of Arway of approximately $3,200,000 or such other price as permitted by applicable regulatory authorities, including the Canadian Securities Exchange (the ‘CSE‘). It is expected that following completion of the Transaction, the current holders of Arway Shares will hold approximately 8.1% of the outstanding Nextech Shares immediately following closing on a non-diluted basis, based on an aggregate of 225,298,980

Nextech Shares currently issued and outstanding.

There are not expected to be any changes to the management of either Nextech or Arway as a result of the Transaction. The Arway Shares will be delisted from the CSE upon completion of the Transaction. This is a related-party transaction under applicable securities regulations

Completion of the Transaction remains subject to the receipt of Arway shareholder approval, CSE approval, and customary closing conditions. A notice of meeting and circular with full details will be filed on SEDAR+ in due course. There can be no assurance that the Transaction will be completed as proposed, or at all.

Further details about the proposed Transaction will be provided in a disclosure document to be prepared and filed in connection therewith. Investors are cautioned that, except as disclosed in the disclosure document to be prepared in connection with the Transaction, any information released or received with respect to the foregoing matters may not be accurate or complete and should not be relied upon.

About Nextech3D.ai

For more details on Nextech’s AI roadmap and related developments, visit: www.nextechar.com/investors

For more information, visit Nextech3D.ai.

Sign up for Investor News and Info – Click Here

For more information and full report go to https://www.sedarplus.ca

For further information, please contact:

Nextech3D.ai and Arway Corporation
Evan Gappelberg / CEO and Director
866-ARITIZE (274-8493)

Forward-looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute ‘forward-looking information’ under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, ‘will be’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Forward-looking statements regarding the completion of the Transaction and the potential benefits thereof are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Neither Nextech nor Arway will update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: Nextech3D.ai Corp.

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading