Polar Asset Management Partners Acquires Castlefield Associates Inc.
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TORONTO — Polar Asset Management Partners Inc. ('Polar'), a leading multi-strategy hedge fund manager based in Toronto, today announced that it acquired Castlefield Associates Inc. ('Castlefield'). Castlefield is a relative value systematic futures hedge fund manager founded in 2019 by Chris Schindler and partners.
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Over the past six years, Mr. Schindler and the Castlefield team have developed a compelling quantitative and relative value strategy which is complementary to Polar's existing strategy set. In addition to welcoming the Castlefield team, Polar looks forward to continuing to develop a new systematic strategy vertical.
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Prior to founding Castlefield, Mr. Schindler spent 18 years at the Ontario Teachers' Pension Plan ('OTPP'). While at OTPP, he helped develop and run the Global Systematic Investing ('GSI') team, which applied over fifty unique quantitative/systematic models to identify investment opportunities in the main liquid futures markets (equities, fixed income, currencies, commodities) as well cash equities and volatility products.
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'We are pleased to welcome Chris and the Castlefield team to Polar. We have closely followed Castlefield's development over the past six years and believe they have developed a unique systematic offering. We look forward to continuing to refine and grow the strategy,' said Greg Lemaich, President and Chief Executive Officer of Polar.
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'Polar is a leader and an innovator in alternative asset management. Polar's unique platform, approach to its business, and its track record of attracting and welcoming new talent, were key factors in our decision to join the firm,' said Chris Schindler, founder and Chief Executive Officer of Castlefield.
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Castlefield is a systematic alternative investment manager. Castlefield's flagship Alpha Program seeks to deliver investors returns that are uncorrelated to traditional and alternative betas by exploiting the crowdedness, relative riskiness, and positioning imbalances in the alternative risk premia space.
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Based in Toronto and founded in 1991, Polar is a global alternative asset manager. Polar focuses on niche-oriented strategies which have attracted investors from around the world. As of December 31, 2024 Polar managed US$6.1 billion across four primary offerings: the flagship Polar Multi-Strategy Fund, a US equity long/short strategy known as Polar Long/Short Fund, Polar Micro-Cap Fund, and Polar CRS Fund-1. For more information visit: www.polaramp.com
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CBC
24 minutes ago
- CBC
Stratford townhouse proposal would be destructive to wetland, nearby residents warn
Social Sharing Some residents of Stratford are calling on the P.E.I. town's council to postpone a vote on a rezoning application, fearing it will destroy a wetland in their neighbourhood. The developer, R&D Builders, has applied to the town to rezone an area of the Forest Trails subdivision from medium to high density to allow the general contractor to build 32 stacked townhouses, along with two apartment buildings with a total of 78 units just across the street. Residents who opposed the project say the development would quadruple the area's housing density, as well as being partially built on protected wetlands. "There is a… development plan signed by Stratford that protected all of this area and there was to be no disturbance acceptable," said Bonnie Gray, who lives on Dr. John Knox Way, across from the proposed development. "You couldn't build a birdhouse on this land — and now they want to put 32 townhomes here." CBC News reached out to R&D Builders, but the company declined to comment on the issue. Stratford held a public hearing on the rezoning application last October, during which councillors heard significant objections to the proposal. Given the pushback, the residents who took part thought Stratford's planning committee would recommend against the proposal, but that wasn't the case. In May, the homeowners were told the committee had supported the developer's rezoning request, and council had already passed the plan at the first reading stage. Council will decide whether to grant final approval of the project at its regular meeting Wednesday night. According to the minutes of the June 2 planning committee meeting, R&D Builders hired the private company Fundy Engineering to assess the wetland area in November of last year. I don't believe that developers paying a penalty for destroying protected areas is the solution. — Susan Csatari, Forest Trails resident The residents say the results of that survey revised the wetland's boundaries. They also took issue with the timing of the company's assessment. "It was done in the winter when you cannot accurately assess a wetland," Gray said. "Why the Town of Stratford would accept that as a revised boundary — I don't understand why they would even consider it." In a letter to Fundy Engineering and the developer dated Jan. 31, a land management manager with the provincial Environment Department said two of the four lots on the property could be developed without affecting the wetland. "Right now, it looks like you would be able to develop Lot 4 and possibly Lot 3 without impacting the wetland identified. There may be more wetland on Lot 2 that would be impacted by development, which may require compensation. However, this cannot be determined until spring," the letter states. "Either way, we would be willing to work with you on the development of Lots 2-4 so long as wetland impact is minimized and potential compensation for Lot 3 would have to be determined in the spring." P.E.I.'s wetland policy allows for developers to contribute to a compensation fund in the event of a development on a wetland, as long as the government determines that the loss can't be prevented. Residents of Forest Trails don't want that to happen. They're calling on Stratford council to delay Wednesday night's vote on the rezoning application until the province can do a new environmental impact assessment at the site. WATCH | P.E.I. Watershed Alliance says permits to develop wetlands must be 'a last resort, not for resorts': P.E.I. Watershed Alliance says permits to develop wetlands must be 'a last resort, not for resorts' 21 days ago Duration 2:24 The P.E.I. Watershed Alliance says it's disappointed that the province granted a permit to fill in a wetland as part of a golf course development in Summerside. The government received $406,500 compensation for the 27.1 acres of wetland involved. A spokesperson for the developer says they will be adding new lakes and enhanced wetland systems. CBC's Nancy Russell has more. "I think that opens the door for other areas like this to be rezoned and built on, regardless of what current environmental controls are," said Susan Csatari, who lives on Autumn Lane. "This province is fragile. We need to protect what we can…. I don't believe that developers paying a penalty for destroying protected areas is the solution." Csatari said the issue isn't that neighbours don't want development in their subdivision. She said they just want to see it done appropriately. "We bought our homes and moved to the area based on knowing there would be development," she said. 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Jeff MacDonald, chair of Stratford's planning committee, said in a statement to CBC News that the town is following all provisions and guidelines on the proposed rezoning and has been working with the province throughout the process. The resolution before Stratford Town Council is for a rezoning only. An environmental impact assessment, if required, would not occur at the rezoning stage. "Currently, the resolution before Stratford Town Council is for a rezoning only," the statement reads. "An environmental impact assessment, if required, would not occur at the rezoning stage." That answer isn't good enough for residents like Gray. She said if council votes to rezone the area, it's equivalent to destroying the wetland. "Hopefully shovels would not go into the ground," she said. "We've been lobbying with our representatives at every level, so we're trying everything to bring a halt to this destruction of our wetland."
Globe and Mail
26 minutes ago
- Globe and Mail
Fathom Nickel Expands the Gochager Lake Property and Announces Delay of Summer Field Exploration
Highlights Three contiguous mineral dispositions totaling 10,519.43 hectares have been added to the Gochager Lake Property. The Gochager Lake Property now consists of 39 contiguous mineral claims amounting to 34,409.34 total hectares. The new staking covers known mafic-hosted nickel-copper occurrences as well as known gold occurrences. The additional staked land covers the possible northeast and south-southwest extensions of the Borys Lake VMS-style trend. Wildfire conditions in the La Ronge area in north-central Saskatchewan has forced the postponement of planned field exploration at the Gochager Lake Property. Fathom plans to commence the planned field exploration later this summer when conditions permit. Company Update Webinar: Shareholders, investors and stakeholders are invited to attend Fathom Nickel's live update webinar taking place at 8:00 AM MST/10:00 AM EST today, Wednesday June 11, 2025. Link here: Calgary, Alberta--(Newsfile Corp. - June 11, 2025) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the " Company" or " Fathom") is pleased to announce that it has expanded the Gochager Lake Property, through direct staking with the Government of Saskatchewan's Ministry of Energy and Resources. Additionally, due to the current wildfire situation in north-central Saskatchewan, the Company has been forced to postpone the planned Gochager Lake field program until later this summer. About The Expanded Gochager Lake Property Area (Figure 1): The Gochager Lake Property is host to the historic Gochager Lake deposit 1. Fathom's re-interpretation of a 2008 VTEM™ survey flown over the Gochager Lake Property area identified a very prospective structural corridor (the "Gochager Trend"). The Gochager Trend is a possible conduit that hosts the historic Gochager Lake deposit. The 2008 VTEM™ survey highlights a series of complex conductors trending along strike to the northeast and to the southwest within this interpreted structural corridor. Fathom's litho-geochemistry analyses of historic drill core from the Mal Lake Ni-occurrence 2 confirms that the Mal Lake Ni-Cu+Co mineralization and host rock is analogous to the historic Gochager Lake Ni-Cu-Co deposit (Fathom Press Release July 11, 2024). Similar to Gochager Lake and Mal Lake, the Hood Creek Cu-Ni+Co showings 3 mineralization, is hosted within a gabbroic host rock. Fathom's re-interpretation of a 2013 VTEM™ survey flown over the Borys Lake VMS-style Zn-Pb-Ag deposit 4 highlights numerous conductors associated with the VMS-style mineralization and has contributed to the interpreted Borys VMS Trend. Within the Borys VMS Trend. several zones of Zn-Pb-Ag mineralization, defined by surface trenching and drilling, occur intermittently over a 3.8km strike 5. In-house re-interpretation of the 2008 and 2013 VTEM™ surveys flown over the current Gochager Lake Property area, along with a review of Saskatchewan government assessment files, was the rationale to expand the Gochager Lake Property. Immediately along strike of the Gochager and Borys VMS Trends, in the newly staked claim (MC00022552), multiple occurrences of anomalous Ni-Cu-Zn in bedrock is reported in a government assessment file 6. Within the most eastern recent claim acquisition (MC00019534), assessment files and SMDI files reference anomalous gold of up to 2.68 g/t Au associated with shear hosted quartz veins 7. Ian Fraser, Fathom CEO and VP Exploration stated, "The Gochager Lake Property area is very well endowed and not just with nickel-copper-cobalt showings and deposits. The Borys Lake VMS zinc-lead-silver mineralization cannot be overlooked. With renewed attention being drawn to gold opportunities in Saskatchewan, we feel it is prudent to not overlook gold potential at the Gochager Lake Property. The Ni-Cu-Co mineralization attracted us to the Gochager Lake property in the first place - and continues to remain our focus. However, our most recent property expansion was motivated by a number of factors, including: 1) our ever evolving understanding of the greater property area and increased potential for additional magmatic nickel sulphide deposits; 2) a very prospective (and open) regional VMS begging for a focused exploration approach, and; 3) the potential for an orogenic gold discovery. This recent property acquisition has significantly expanded our playing field. I would also like to personally, and on behalf of our Company ,express our sadness to learn of the damage and losses suffered by the residents in and around La Ronge and surrounding areas resulting from this year's wildfires. We commend the bravery and dedication of those individuals who not only protected and saved their own properties, but the property of many other La Ronge residents. I have heard the stories firsthand - the heroism and the spirit of the community continues to prevail. Our thoughts and best wishes are extended to Fathom's stakeholders, suppliers, and friends as we work through these most trying of times." Figure 1 To view an enhanced version of this graphic, please visit: Qualified Person and Data Verification Ian Fraser, CEO, VP Exploration and a Director of the Company and the "qualified person" as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of the Company. About Fathom Nickel Inc. Fathom is an exploration company that is targeting magmatic nickel sulphide discoveries to support the green energy transition and to secure the supply of North American Critical Minerals. The Company now has a portfolio of three high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: 1) the Albert Lake Project, a 90,000+ hectare project that was host to the historic and past producing Rottenstone Mine 8 (produced 28,724 tons @3.3% Ni, 1.8% Cu, 9.63 g/t 3E (Pd-Pt+Au) 1965-1969), and 2) the 34,000+ hectare Gochager Lake Project that is host to a historic, NI43-101 non-compliant open pit resource consisting of 4.3M tons at 0.295% Ni and 0.081% Cu 1, and 3) the 10,000+ hectare Friesen Lake Project located 40km southwest of the historic Rottenstone Mine and 30km northwest of the historic Gochager Lake deposit. The Saskatchewan Mineral Deposit Index (SMDI #0880) reports drill indicated reserves at the historic Gochager Lake Deposit of 4,262,400 tons grading 0.295% Ni and 0.081% Cu mineable by open pit. Fathom cannot confirm the resource estimate, nor the parameters and methods used to prepare the reserve estimate. The estimate is not considered NI43-101 compliant and further work is required to verify this historical drill indicated reserve. Fathom drilling 2023-2024 has confirmed Ni-Cu-Co mineralization occurring at the Gochager Lake deposit. The Saskatchewan Mineral Deposit Index (SMID#0836) reports the location, geological details and exploration history at the Mal Lake Ni-Cu showing. The Saskatchewan Mineral Deposit Index (SMID#0849) reports the location, geological details and exploration history at the Hood Claims Cu-Ni showing. The Saskatchewan Mineral Deposit Index (SMID#0848) reports drill indicated reserves at the Borys Lake Deposit of 1,336,500 tons grading 1.91% combined Zn and Pb. Fathom cannot confirm this resource estimate, nor the parameters and methods used to prepare the reserve estimate. The estimate is not NI43-101 compliant and further work is required to verify this historical drill indicated reserve. The Saskatchewan Mineral Deposit Index files (SMID#'s 0848, 0857a&b, 0858) reports the location, geological details, exploration history and reserves at the Borys Lake Zn-Pb-Ag deposit and report on other Zn-Pb-Ag mineralized zones. The Saskatchewan Mineral Assessment Database (SMAD#73P15-0012) reports geologic work assessment details pertaining to base metal exploration (Cu-Zn-Ni) in the Forbes Lake area in 1997. The Saskatchewan Mineral Assessment Database (SMAD#73P15-0089) reports geologic work assessment details pertaining to gold exploration in the Forbes Lake area in 1994 and 1999. The Saskatchewan Mineral Deposit Index (SMDI #0958) reports the production grades noted above from a small open pit; the Rottenstone Mine. Fathom cannot confirm the production grade values, nor a historic resource estimate that may have been in place ahead of production. All historic records of pre-mine development and mine production are lost. The Company can confirm the historic Rottenstone open pit exists. Due to exploitation by mining (1965-1969), it is impossible to confirm production tonnage or pre-production tonnage. The Company trusts the production and grade values, as noted in SMDI #0958, to be accurate. The Company has performed test assaying of Rottenstone-type mineralization and results are consistent with reported production grades. ON BEHALF OF THE BOARD "Ian Fraser" CEO, VP Exploration, Director For further information, please contact: Ian Fraser, CEO, VP Exploration 1-403-650-9760 ifraser@ Or Doug Porter, President and CFO 1-403-870-4349 dporter@ Forward-Looking Statements: This news release contains "forward-looking statements" that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "seek", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding payment of terms under the Option Agreement, permitting for the Property, receipt of an exploration permit, timing of the exploration program on the Property and the Company achieving the earn-in thresholds under the Option Agreement. 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." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projections.
National Post
30 minutes ago
- National Post
Bragg Signs Content Development Agreement with Hard Rock Digital
Article content TORONTO — Bragg Gaming Group ( NASDAQ: BRAG, TSX: BRAG) (' Bragg ' or the ' Company '), a global B2B iGaming content and technology solutions provider, today announced it has signed an agreement with Hard Rock Digital to develop a series of exclusive online casino games titles for its top-rated Hard Rock Bet Casino. Article content Article content This deal further deepens Bragg's existing partnership with the leading operator, which currently offers Bragg's proprietary content from Wild Streak Gaming, Atomic Slot Lab, and Indigo Magic, alongside titles from a diverse selection of Bragg's partner studios on Hard Rock Bet. The partnership is set to drive the Company's expansion in this key market, accelerate growth and position the U.S. as Bragg's fastest-growing market this year. The exclusive titles will first launch in New Jersey, with potential to offer the games on Hard Rock Bet in any future market expansion. Article content Garrick Morris, SVP Commercial, U.S. & Canada for Bragg Article content commented, 'We are delighted to announce this new content development agreement with Hard Rock Digital, which reinforces our commitment to this partnership and offers us a new opportunity to showcase our game development expertise while bringing new, game changing, exclusive experiences to Hard Rock Bet Casino's customers. This enhanced partnership highlights our focus on growing our footprint as a key online casino supplier in the U.S.' Article content Rich Criado, VP of Casino at Hard Rock Digital Article content commented, 'We're excited to strengthen our partnership with Bragg and collaborate with their talented team to create exclusive new experiences for our players. These upcoming games are designed to stand out among the over 2,900 titles already available on Hard Rock Bet Casino, and we can't wait to bring them to our players.' Article content Cautionary Statement Regarding Forward-Looking Information Article content This news release contains forward-looking statements or 'forward-looking information' within the meaning of applicable Canadian securities laws ('forward-looking statements'), including, without limitation, statements with respect to: the Company's partnership with Hard Rock Digital and the expected benefits and impact thereof, including on the operations and the results of the Company; the anticipated size of Bragg's operations in the U.S. in 2025 and the Company's strategic growth initiatives and corporate vision and strategy. Forward-looking statements are provided for the purpose of presenting information about management's current expectations and plans relating to the future and allowing readers to get a better understanding of the Company's anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or describes a 'goal', or variation of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Article content All forward-looking statements contained in this news release reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the regulatory regime governing the business of the Company; the operations of the Company; the products and services of the Company; the Company's customers; the growth of the Company's business, meeting minimum listing requirements of the stock exchanges on which the Company's shares trade; the integration of technology; and the anticipated size and/or revenue associated with the gaming market globally. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the following: risks related to the Company's business and financial position; that the Company may not be able to execute on its partnership with Hard Rock; risks associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the inability to access sufficient capital from internal and external sources; the inability to access sufficient capital on favorable terms; realization of growth estimates, income tax and regulatory matters; the ability of the Company to implement its business strategies; competition; economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices; changes in customer demand; disruptions to our technology network including computer systems and software; natural events such as severe weather, fires, floods and earthquakes; any disruptions to operations as a result of the strategic alternatives review process; and risks related to health pandemics and the outbreak of communicable diseases. 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Article content , Article content TSX: BRAG Article content ) is an iGaming content and platform technology solutions provider serving online and land-based gaming operators with its proprietary and exclusive content, and cutting-edge player account management ('PAM') technology. Bragg Studios offer high-performing and passionately crafted casino game titles using the latest in data-driven insights from in-house brands including Wild Streak Gaming, Atomic Slot Lab and Indigo Magic. Its proprietary content portfolio is complemented by a selection of exclusive titles from carefully selected studio partners under the Powered By Bragg program. Games built on Bragg's remote games server ('RGS') technology are distributed via the Bragg HUB content delivery platform and are available exclusively to Bragg customers. Bragg's powerful, modular PAM technology powers multiple leading iCasino and sportsbook brands and is supported by expert in-house managed, operational, and marketing services. 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