Prime Minister Mark Carney's need for speed
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Prime Minister Mark Carney was elected on a promise to 'build, baby, build.' Here's how some people think his vision could unfold, and why others say Bill C-5 is a problematic way to get it done.
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CBC
9 minutes ago
- CBC
CTrain riders will need to scan tickets before boarding, starting Wednesday
CTrain customers using electronic tickets will need to scan them at the stations before boarding as part of a new measure to tackle fare evasion. The new policy goes into effect on Wednesday, with the installation of 112 ticket validators across Calgary Transit's network of stations around the city. Previously, customers who bought a mobile ticket would only need to activate it on their phones for it to count as proof of fare, but now they'll also need to validate it at CTrain stations or face a $250 fine. Tess Abanto, manager of transit service design, said the measure is being introduced to recoup potential lost revenue. Up until now, she said customers have been able to purchase a ticket, which can be used anytime in the ensuing seven days, and only activate it if they see a transit peace officer approaching on the train "We found that not all our customers are using the ticket correctly," Abanto said. "We found in our analysis that about 46 per cent of adult tickets are not valid or not activated properly, and 50 per cent of our youth tickets are also not activated properly. So we wanted to correct that." For now, ticket validators are being installed at CTrain stations, not on the trains themselves. Abanto said Calgary Transit will monitor whether more validators are needed, and consider increasing the number at specific stations if needed. Marcia Gonder, chief of public vehicle standards, said the city wants to ensure customers are paying transit fares, and that they understand how to do so. To do this, the city and Calgary Transit will run an educational campaign to familiarize riders with the new system. But Gonder and Abanto noted the new system aligns with how mobile ticketing already works on Calgary buses. Calgary Transit introduced its mobile ticketing system five years ago with the My Fare app. The system followed two failed attempts at electronic fare payments in Calgary more than a decade ago. Abanto said Calgary Transit plans to implement a system in the future where customers can use debit and credit cards on the system.
Globe and Mail
10 minutes ago
- Globe and Mail
Azincourt Energy Corp. Closes First Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2025) - AZINCOURT ENERGY CORP. (TSXV: AAZ) ("Azincourt" or the "Company"), is pleased to announce it has closed a first tranche of its non-brokered private placement consisting of 35,329,931 non-flow-through units (the "NFT Units") offered at a price of C$0.015 per NFT Unit and 13,999,997 flow through units (the "FT Units") offered at a price of C$0.015 per FT Unit (the "Offering") for gross proceeds of C$739,948.96. Each NFT Unit is comprised of one common share (a "Share") and one common share purchase warrant (a "Warrant"). Each FT Unit is comprised of one flow-through common share (a "FT Share") and one common share purchase Warrant. Each Warrant is exercisable at a price of C$0.05 into one common share until July 15, 2028. The proceeds of the Offering will be applied to the drilling, exploration and development of the Company's Snegamook and Harrier Projects located within the Central Mineral Belt of Newfoundland and Labrador, Canada and for general working capital. Proceeds of the Offering will not be used for payments to non-arms length parties of the Company nor for any payment relating to persons conducting investor relations activities. In connection with the closing, the Company paid cash finders' fees totaling C$44,895 and issued 2,993,000 Finders Warrants exercisable at a price of C$0.05 into one common share for three years from the date of issue. The securities issued under the Offering are subject to a hold period under applicable securities laws in Canada expiring four months and one day from July 15, 2025 and are subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the final approval of the TSX Venture Exchange. The FT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act")). An amount equal to the gross proceeds from the issuance of the FT Shares will be used to incur eligible resource exploration expenses which will qualify as (i) "Canadian exploration expenses" (as defined in the Tax Act), and (ii) as "flow-through critical mineral mining expenditures" (as defined in subsection 127(9) of the Tax Act) (collectively, the "Qualifying Expenditures"). Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before December 31, 2026 and will be renounced by the Company to the initial purchasers of the FT Shares with an effective date no later than December 31, 2025. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Azincourt Energy Corp. Azincourt is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its East Preston uranium project located in the Athabasca Basin, Saskatchewan, and at its Snegamook and Harrier uranium projects, both located in the Central Mining Belt of Labrador. ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP. "Alex Klenman" Alex Klenman, President & CEO For further information, please contact: Alex Klenman, President & CEO info@ Azincourt Energy Corp. 1012 - 1030 West Georgia Street Vancouver, BC V6E 2Y3 Cautionary Statement Regarding Forward-Looking Statements This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements relating to the use of proceeds and completion of the Private Placement. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the "Risks and Uncertainties" in the Company's management discussion and analysis for the fiscal year ended September 30, 2024, dated January 14, 2025, and also include the risks that the Offering does not complete as contemplated, or at all; that the Company does not complete any further offerings; that the Company does not carry out exploration activities in respect of its mineral project as planned (or at all); and that the Company may not be able to carry out its business plans as expected. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: the future price of minerals; anticipated costs and the Company's ability to raise additional capital if and when necessary; volatility in the market price of the Company's securities; future sales of the Company's securities; the Company's ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company's mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Globe and Mail
10 minutes ago
- Globe and Mail
Revival Gold Announces Dundee Corporation Exercise of Participation Right, Upsize of Financing to a Total of $29 Million
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA. TORONTO, July 15, 2025 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG) ('Revival Gold' or the 'Company') is pleased to announce that, further to the Company's press releases dated July 10, 2025 and July 14, 2025, the Company has upsized its previously announced non-brokered private placement of up to C$13.68 million by the issuance of up to 28,517,502 common shares of the Company ('Common Shares') at a price of C$0.48 per Common Share (the 'Concurrent Offering'). The Concurrent Offering was upsized to accommodate Dundee Corporation, through its wholly owned subsidiary, Dundee Resources Limited ('Dundee'), who informed the Company that it intends to exercise its participation right to maintain its equity ownership in the Company. The terms of the previously announced strategic placement with EMR Capital Management Limited ('EMR') remain as announced on July 14, 2025, whereby EMR will purchase 32,069,531 Common Shares at a price of C$0.48 per Common Share for gross proceeds of US$11.3 million (C$15.4 million) (the 'EMR Strategic Placement'). Assuming the Concurrent Offering is fully subscribed, the aggregate gross proceeds of the Concurrent Offering and EMR Strategic Placement is expected to be approximately C$29.08 million. EMR's and Dundee's pro-forma interest in Revival Gold on closing is expected to amount to approximately 11.8% and 5.3% on a non-diluted basis, respectively, assuming the Concurrent Offering is fully subscribed and there are no other Common Share issuances. Subject to compliance with applicable regulatory requirements and in accordance with Part 5A of National Instrument 45-106 – Prospectus Exemptions ('NI 45-106' and with Part 5A, the 'Listed Issuer Financing Exemption'), the Common Shares offered under the Concurrent Offering will be offered for sale to purchasers resident in Canada (except Quebec) and are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers' resident in Canada. The Common Shares sold under the Concurrent Offering may also be issued to purchasers outside of Canada, including to purchaser's resident in the United States and in certain offshore foreign jurisdictions, pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 - Distributions Outside Canada ('OSC Rule 72-503'). The Common Shares sold to purchasers in the United States will be made on a private placement basis pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended (the 'U.S. Securities Act'). Purchasers are advised to consult their own legal advisors in this regard. The Common Shares issued pursuant to the EMR Strategic Placement will be offered pursuant to the accredited investor exemption under NI 45-106 and will be subject to a 4-month and one day hold period under applicable Canadian securities laws. The net proceeds from the EMR Strategic Placement and Concurrent Offering will be used to advance Revival Gold's ongoing exploration and development of its Mercur and Beartrack-Arnett projects and for general working capital and corporate purposes, as further detailed in the Offering Document (as defined herein). There is an amended and restated offering document dated July 15, 2025 (the 'Offering Document') related to the Concurrent Offering that can be accessed under the Company's profile at and on the Company's website at Prospective investors should read this Offering Document before making an investment decision. The EMR Strategic Placement and the Concurrent Offering are subject to customary closing conditions, including but not limited to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Closing of the EMR Strategic Placement and the Concurrent Offering is expected to occur on or about July 29, 2025. Revival Gold may pay a cash commission to eligible finders who introduce subscribers to the Concurrent Offering equal to up to 6.0% of the gross proceeds of the Concurrent Offering. No cash commission is expected to be paid in connection with Dundee's participation under the Concurrent Offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. Paradigm Capital Inc. is acting as Financial Advisor to Revival Gold. Peterson McVicar LLP is acting as legal counsel to Revival Gold. Beacon Securities Limited is acting as Financial Advisor to EMR Capital. About Revival Gold Inc. Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol 'RVG' and trades on the OTCQX Market under the ticker symbol 'RVLGF'. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho. For further information, please contact: Hugh Agro, President & CEO or Lisa Ross, Vice President & CFO Telephone: (416) 366-4100 or Email: info@ Cautionary Statement Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: statements with respect to the EMR Strategic Placement and the Concurrent Offering, including the size thereof, the expected timing to complete the EMR Strategic Placement and the Concurrent Offering, the ability to complete the EMR Strategic Placement and the Concurrent Offering on the terms provided herein or at all, the receipt of all necessary approvals, the intended use of proceeds of the EMR Strategic Placement and the Concurrent Offering, EMR and Dundee's pro forma interest in the Company, that the Common Shares issued under the Listed Issuer Financing Exemption are not expected to be subject to any hold period under Canadian securities laws and statements with respect to Dundee's intention to exercise its participation right. Forward-looking statements and information involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by such forward-looking statements or information, including, but not limited to: the Company's ability to finance the development of its mineral properties; uncertainty as to whether there will ever be production at the Company's mineral exploration and development properties; risks related to the Company's ability to commence production at the projects and generate material revenues or obtain adequate financing for its planned exploration and development activities; uncertainties relating to the assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labour disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated difficulties with or interruptions in development, construction or production; the geology, grade and continuity of the Company's mineral deposits; the uncertainties involving success of exploration, development and mining activities; permitting timelines; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; prices for energy inputs, labour, materials, supplies and services; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; unexpected cost increases in estimated capital and operating costs; the need to obtain permits and government approvals; material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to other risks and uncertainties disclosed in the Company's public filings with Canadian securities regulators, including its most recent annual information form and management's discussion and analysis, available at The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
