Caspian One Open Data and First West partner to roll out the Interac® verification service
Through this partnership, First West becomes one of the first credit unions to implement the Interac verification service, allowing members to verify their identity using their existing online banking credentials. This simplifies onboarding processes, enhances security, and improves the overall digital experience for members. This implementation is also the first of what is anticipated to be multiple innovative digital use cases, including future capabilities like cash flow optimization for our SME clients and streamlined automated account opening.
At the heart of this initiative is Caspian's open data platform, which acts as a conduit between financial institutions and third-party service providers. By leveraging this infrastructure, First West can securely and rapidly connect with multiple fintech partners without the need for custom integrations—reducing implementation timelines from months to weeks or even days.
'At First West, we're always looking for ways to make our members' lives easier and more secure,' said Darrell Jaggers, Chief Transformation Officer at First West Credit Union. 'This step forward with open data made possible through our partnership with Caspian is more than a technology upgrade—it's about building trust, simplifying everyday moments, and making sure our members feel confident and cared for in their digital interactions. We're proud to be leading the way in bringing this kind of innovation to the credit union space.'
This initiative is part of a broader collaboration involving Credit Union Central of Canada (CUCC) and a growing network of credit unions committed to leveraging open data to enhance the member experience. Alongside First West, early adopters of Caspian's infrastructure include Prospera Credit Union, Libro Credit Union, Uni Financial, Affinity Credit Union, and Meridian Credit Union. These institutions are working together to demonstrate the power of cooperative innovation in the financial services sector.
The partnership builds on a foundational agreement announced in 2024, when the Large Credit Union Coalition (LCUC) selected Caspian as its preferred partner to deliver the Credit Union System Open Data Solution. This solution is tailored for Canada and enables secure data sharing through APIs—technology that lets different systems exchange information safely. It also includes tools to manage member consent and shared services, helping credit unions innovate while keeping member data protected.
'This collaborative launch with First West and other Canadian credit unions is a monumental milestone, unequivocally proving that Open Data is not a concept for tomorrow; it is live and ready for adoption today,' says Lewis Poe, CEO of Caspian One Open Data. 'This means cutting-edge financial accessibility for every Canadian, from a pensioner in Yellowknife to a new arrival from Mumbai. We encourage credit unions across the country to join First West and leverage this immediate opportunity to collectively shape Canada's financial future.'This initiative also aligns with broader industry goals to eliminate problematic practices like screen scraping and to prepare for the eventual rollout of open banking in Canada. By adopting open data standards today, credit unions can future-proof their digital infrastructure and deliver more value to their members.
As the financial services landscape evolves, First West, Caspian, CUCC, and their credit union partners invite others in the ecosystem to join this growing movement—working together to build a more connected, secure, and member-centric future.
For fintechs and credit unions interested in partnering, contact: info@caspian-opendata.com
About First West Credit Union First West Credit Union brings together the best of both worlds, combining the scale, stability and solutions of a leading Canadian financial institution with the care and community leadership of a local cooperative. Powered by the leadership of Launi Skinner, First West is Canada's premier multi-brand credit union, serving 283,000 members through four admired community brands: Envision Financial, Valley First, Island Savings, and Enderby & District Financial. With approximately $20 billion in total assets and assets under administration, First West makes it easy for its members to get impactful, practical advice and personalized service that's truly in their best interests, through 45 branches across B.C., a Member Advice Centre and leading digital tools.
Since 2010, First West has given back more than $41 million to its communities, while cultivating a culture with its 1,250 team members that is recognized nationally with Canada's Most Admired Cultures Award, BC's Top Employers Award, 5-Star Psychological Safety Award, and the Canadian Workplace Wellbeing Award. Learn more at firstwestcu.ca and see how we're redefining banking to create a future where everyone can flourish.
About Caspian One Open DataCaspian One Open Data is a secure and innovative open data platform that empowers financial institutions to participate in the open banking revolution. We offer a unique point-to-point data access solution strategically aligned with the upcoming Canadian regulations. By partnering with Caspian One, our clients and partners can leverage our secure fintech ecosystem to unlock new financial products, foster innovation and achieve regulatory compliance. For more information, visit www.caspian-opendata.com
CONTACT: Josh Juhlke First West Credit Union jjuhlke@firstwestcu.ca Paul Brandner Caspian One Open Data paul.brandner@caspian-opendata.comSign in to access your portfolio
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Chicago Tribune
10 minutes ago
- Chicago Tribune
Union Pacific and Norfolk Southern seek 1st transcontinental railroad through a massive merger
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Hamilton Spectator
36 minutes ago
- Hamilton Spectator
Surge Copper Announces Closing of $5.9 Million Private Placement and Provides Update on Concurrent Strategic Investment
Vancouver, British Columbia, July 29, 2025 (GLOBE NEWSWIRE) — Not for distribution to U.S. newswire services or dissemination in the United States Surge Copper Corp. (TSXV: SURG ) (OTCQB: SRGXF ) (Frankfurt: G6D2 ) ('Surge' or the 'Company') is pleased to announce that it has closed its previously announced non-brokered private placement (the 'Offering'), consisting of a total of 19,218,893 common shares (the 'Common Shares') at a price of $0.175 per Common Share and 9,433,963 charity flow-through common shares (the 'CFT Shares') at a price of $0.265 per CFT Share, for aggregate gross proceeds of approximately $5.9 million. The Offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemptions. The Common Shares and CFT Shares issued under the Offering were issued to purchasers resident in Canada (other than the province of Québec) and in other qualifying jurisdictions outside of Canada on a private placement basis pursuant to relevant prospectus or registration exemptions in accordance with applicable laws, and such Common Shares and CFT Shares are not subject to a hold period in Canada in accordance with applicable Canadian securities laws. The gross proceeds from the CFT Shares issued under the Offering will be used prior to December 31, 2026 for exploration expenditures that will qualify as 'Canadian exploration expenses' and 'flow-through critical mineral mining expenditures' within the meaning of the Income Tax Act (Canada) (collectively, the 'Qualifying Expenditures'). The Company will renounce all Qualifying Expenditures in favour of the purchasers of the CFT Shares, effective December 31, 2025. The net proceeds from the Common Shares issued under the Offering will be used to fund engineering, environmental, and early-stage permitting activities at the Company's Berg Project, as well as for general working capital purposes. These efforts are intended to support the anticipated completion of a Preliminary Feasibility Study ('PFS') and advancement into the Environmental Assessment ('EA') process. In connection with the Offering, the Company paid cash finder's fees totaling approximately $62,295 to EDE Asset Management Inc., Haywood Securities Inc., Canaccord Genuity Corp., Ventum Financial Corp., and Research Capital Corporation. Insiders of the Company subscribed for a total of 285,714 Common Shares under the Offering. The participation of insiders in the Offering constitutes a 'related party transaction', within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101'). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the Offering, insofar as it involved the interested parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101). The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering because insider participation had not been confirmed until shortly prior to closing of the Offering, and the shorter period was necessary in order to permit the Company to close the Offering in a timeframe consistent with usual market practice for transactions of this nature. Concurrent Strategic Investment Update As disclosed in the Company's July 9, 2025 news release, Surge is also undertaking a concurrent private placement of Common Shares (the 'Concurrent Private Placement') to a significant strategic investor who currently holds participation rights and has indicated an intention to increase their ownership to up to 19.9% of the Company's issued and outstanding shares. The Concurrent Private Placement is expected to raise up to $4.5 million and close in approximately four weeks, subject to customary conditions, including TSX Venture Exchange acceptance and foreign regulatory approvals. Common Shares issued under the Concurrent Private Placement will be subject to a statutory four-month plus one day hold period. Securities Law Notice This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the '1933 Act') or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. About Surge Copper Corp. Surge Copper Corp. is a Canadian company that is advancing an emerging critical metals district in a well-developed region of British Columbia, Canada. The Company owns a large, contiguous mineral claim package that hosts multiple advanced porphyry deposits with pit-constrained NI 43-101 compliant resources of copper, molybdenum, gold, and silver – metals which are critical inputs to modern energy infrastructure and electrification technologies. The Company owns a 100% interest in the Berg Project, for which it announced a maiden PEA in June 2023 outlining a large-scale, long-life project with a simple design and high outputs of critical minerals located in a safe jurisdiction near world-class infrastructure. The PEA highlights base case economics including an NPV8% of C$2.1 billion and an IRR of 20% based on long-term commodity prices of US$4.00/lb copper, US$15.00/lb molybdenum, US$23.00/oz silver, and US$1,800/oz gold. The Berg deposit contains pit-constrained 43-101 compliant resources of copper, molybdenum, silver, and gold in the Measured, Indicated, and Inferred categories. The Company also owns a 100% interest in the Ootsa Property, an advanced-stage exploration project containing the Seel and Ox porphyry deposits located adjacent to the open pit Huckleberry Copper Mine, owned by Imperial Metals. The Ootsa Property contains pit-constrained NI 43-101 compliant resources of copper, gold, molybdenum, and silver in the Measured, Indicated, and Inferred categories. On Behalf of the Board of Directors 'Leif Nilsson' Chief Executive Officer For further information, please contact: Riley Trimble, Corporate Communications & Development Telephone: +1 604 639 3852 Email: info@ Twitter: @SurgeCopper LinkedIn: Surge Copper Corp 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 news release. This news release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as 'will', 'may', 'should', 'expects', 'plans', or 'anticipates' or the negative of these terms or other comparable terminology. All statements included herein, other than statements of historical fact, are forward-looking statements, including but not limited to, the use of proceeds raised from the Offering, including without limitation the funding of engineering, environmental, and early-stage permitting activities at the Company's Berg Project and the completion of a PFS and advancement into the EA process, the size of the Concurrent Private Placement, the anticipated closing date of the Concurrent Private Placement, closing of the Concurrent Private Placement, including receipt of all necessary approvals required therefor. There can be no assurance that any future studies, including a PFS, will confirm the economic or technical viability of the Berg Project or result in a production decision. Further there can be no assurance that the Concurrent Private Placement will close as planned, or at all, nor that the allocation by the strategic investor will be as anticipated, and there can be no assurance that the proceeds of the Offering will be used as planned and further, there can be no certainty that the Company's objectives for its 2025 program will be as planned (including, without limitation, that the engineering, environmental, and early-stage permitting activities will support progress towards the anticipated completion of the PFS or EA readiness, or that the PFS and/or EA preparation will be completed), that the program will be completed within the timelines anticipated, or that the results (and technical deliverables) of such program will be as anticipated. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Such uncertainties and risks may include, among others, risks of the Offering not closing as anticipated, or that funds raised will be insufficient to complete the Company's planned objectives, actual results of the Company's exploration activities, including without limitation, those for the 2025 program, being different than those expected by management, (including, without limitation, that the engineering, environmental, and early-stage permitting activities do not support progress towards the anticipated completion of the PFS and/or EA readiness, and that the PFS and/or EA preparation will be completed as planned), delays in obtaining or failure to obtain required government or other regulatory approvals, the ability to obtain adequate financing to conduct its planned exploration programs, inability to procure labour, equipment, and supplies in sufficient quantities and on a timely basis, equipment breakdown, and bad weather. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company's current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.
Yahoo
an hour ago
- Yahoo
Southern Silver Announces Closing of Bought Deal LIFE Private Placement for Gross Proceeds of C$15.0 Million
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2025) - Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") is pleased to report the closing of its previously announced "bought deal" private placement (the "Offering") for gross proceeds of C$15,000,000.39, which includes the exercise in full of the over-allotment option. Pursuant to the Offering, the Company sold 55,555,557 units of the Company (each, a "Unit") at a price of C$0.27 per Unit (the "Offering Price"). Red Cloud Securities Inc. ("Red Cloud") acted as sole underwriter and bookrunner under the Offering. Each Unit consists of one common share of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles the holder to purchase one Common Share (each, a "Warrant Share") at a price of C$0.40 at any time on or before July 29, 2028. The Company intends to use the net proceeds from the Offering for the advancement of the Cerro Las Minitas project located in the state of Durango, Mexico as well as for working capital and general corporate purposes, as is more fully described in the Amended Offering Document (as defined herein). In accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Common Shares and the Warrant Shares underlying the Units are immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units were also sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). All securities not issued pursuant to the Listed Issuer Financing Exemption are subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the issue date, being November 30, 2025. As consideration for their services, Red Cloud received aggregate cash fees of C$881,985.62 and 3,266,613 non-transferable common share purchase warrants (the "Broker Warrants"). Each Broker Warrant is exercisable into one Common Share at the Offering Price at any time on or before July 29, 2028. The Broker Warrants are subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the issue date, being November 30, 2025. There is an amended offering document dated July 16, 2025 (the "Amended Offering Document") related to the Offering that can be accessed under the Company's profile at and on the Company's website at: The closing of the Offering remains subject to the final approval of the TSX Venture Exchange (the "TSXV"). This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities referred to in this news release have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. About Southern Silver Exploration Corp. Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Located in the same State as the Cerro Las Minitas property is the newly acquired Nazas property. Our property portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein project where permitting applications for the conduct of a drill program is underway, both located in southern New Mexico, USA. On behalf of the Board of Directors "Lawrence Page"Lawrence Page, & Director, Southern Silver Exploration Corp. For further information, please visit Southern Silver's website at or contact us at 604.641.2759 or by email at corpdev@ Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. In particular, this press release contains forward-looking information relating to, among other things, the final approval of the Offering from the TSXV and the intended use of proceeds of the Offering. These statements are based on a number of assumptions, including, but not limited to, general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the Company's projects, and the availability of financing for the Company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. THIS NEWS RELEASE IS 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