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Yahoo
26-05-2025
- Business
- Yahoo
3 TSX Penny Stocks With Market Caps Over CA$40M
As the Canadian market navigates potential changes in U.S. tax policies and rising bond yields, investors are closely monitoring how these shifts might influence their portfolios. Penny stocks, a term that may seem outdated, still capture interest by representing smaller or newer companies with growth potential at accessible price points. By focusing on firms with strong financials and clear growth trajectories, investors can uncover hidden opportunities within this segment of the market. Name Share Price Market Cap Financial Health Rating Westbridge Renewable Energy (TSXV:WEB) CA$0.75 CA$75.86M ★★★★★★ NTG Clarity Networks (TSXV:NCI) CA$2.70 CA$114.25M ★★★★★★ Intermap Technologies (TSX:IMP) CA$2.36 CA$139.72M ★★★★★☆ Orezone Gold (TSX:ORE) CA$1.20 CA$636.86M ★★★★★☆ McChip Resources (TSXV:MCS) CA$0.77 CA$4.4M ★★★★☆☆ Hemisphere Energy (TSXV:HME) CA$1.74 CA$168.16M ★★★★★★ PetroTal (TSX:TAL) CA$0.60 CA$548.99M ★★★★★☆ Pulse Seismic (TSX:PSD) CA$2.61 CA$132.47M ★★★★★★ Findev (TSXV:FDI) CA$0.44 CA$12.6M ★★★★★★ BluMetric Environmental (TSXV:BLM) CA$1.43 CA$52.9M ★★★★★★ Click here to see the full list of 905 stocks from our TSX Penny Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Bonterra Resources Inc. is an exploration stage company focused on acquiring, exploring, and evaluating mineral properties in Canada, with a market cap of CA$44.66 million. Operations: Currently, there are no reported revenue segments for this exploration stage company. Market Cap: CA$44.66M Bonterra Resources, a pre-revenue exploration stage company with a market cap of CA$44.66 million, is focused on mineral properties in Canada. Despite having no debt and reducing losses over the past five years, Bonterra faces financial challenges with short-term assets of CA$1.8 million not covering its liabilities. Recent earnings reported a net loss of CA$1.81 million for Q1 2025, though improved from the previous year. The company's cash runway is limited but has been bolstered by recent capital raises through private placements. A joint venture with Gold Fields aims to advance exploration efforts at promising targets like Gladiator SW. Click here and access our complete financial health analysis report to understand the dynamics of Bonterra Resources. Examine Bonterra Resources' past performance report to understand how it has performed in prior years. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: DLP Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing mineral properties in Canada and Peru, with a market cap of CA$52.23 million. Operations: DLP Resources Inc. has not reported any revenue segments. Market Cap: CA$52.23M DLP Resources, with a market cap of CA$52.23 million, is a pre-revenue mineral exploration company focusing on Canadian and Peruvian properties. The recent appointment of Derek White as Chairman brings extensive mining industry experience to the board. Despite being debt-free, DLP faces financial constraints with less than a year of cash runway and volatile share prices. Recent earnings reported a net loss of CA$1.37 million for Q3 2025, consistent with previous periods. The Aurora Project's maiden Mineral Resource estimate highlights potential but requires further drilling to enhance geological confidence and assess economic viability through preliminary assessments. Click here to discover the nuances of DLP Resources with our detailed analytical financial health report. Assess DLP Resources' previous results with our detailed historical performance reports. Simply Wall St Financial Health Rating: ★★★★★★ Overview: E3 Lithium Limited focuses on the development and extraction of lithium resources in Alberta, with a market cap of CA$46.78 million. Operations: E3 Lithium Limited does not currently report any revenue segments. Market Cap: CA$46.78M E3 Lithium, with a market cap of CA$46.78 million, is a pre-revenue company focused on lithium extraction in Alberta. Recent collaboration with Pure Lithium Corporation has shown promising results in producing high-purity lithium metal anodes from E3's brines, achieving over 500 battery cycles while maintaining performance. Despite being unprofitable and experiencing losses of CA$9.7 million last year, E3 remains debt-free and has short-term assets exceeding liabilities by a significant margin. The company continues to advance its demonstration facility to validate processing technology, aiming for future commercial-scale production and project financing for the Clearwater Project. Navigate through the intricacies of E3 Lithium with our comprehensive balance sheet health report here. Learn about E3 Lithium's historical performance here. Access the full spectrum of 905 TSX Penny Stocks by clicking on this link. Ready For A Different Approach? We've found 19 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSXV:BTR TSXV:DLP and TSXV:ETL. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
13-05-2025
- Business
- Yahoo
Ascot Reports First Quarter 2025 Results
VANCOUVER, British Columbia, May 12, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) ('Ascot' or the 'Company') announces the Company's unaudited financial results for the three months ended March 31, 2025 ("Q1 2025"), For details of the unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis for the three months ended March 31, 2025, please see the Company's filings on SEDAR+ ( All amounts herein are reported in $000s of Canadian dollars unless otherwise specified. Q1 2025 AND RECENT HIGHLIGHTS On January 15, 2025, the Company announced a leadership transition. Mr. Derek White, president and CEO, Mr. John Kiernan, COO, and Mr. Bryant Schwengler, VP &GM, had resigned from the Company. Mr. James (Jim) Currie was appointed as CEO and Director and served as interim COO. Ms. Coille Van Alphen, portfolio manager for Equinox Partners, was appointed to the Board of Directors of the Company. Ms. Diana Mark, Greystone Corporate Services Inc. had been hired as Corporate Secretary and KIN Communications had been retained to handle the Company's investor relations and communications. On March 7, 2025, the Company announced it had entered into an agreement with respect to a brokered private placement (the '2025 Offering'), to be marketed on a best-effort basis, which consisted of: (i) hard dollar units of the Company (the 'HD Unit') at a price of $0.115 per HD Unit for gross proceeds of a minimum of $40 million and up to a maximum of $45 million; and (ii) charity flow-through units of the Company (the 'CDE Unit') at a price of $0.1403 per CDE FT Unit for gross proceeds of approximately $20 million. Each Unit will be comprised of one common share in the capital of the Company and one warrant to purchase a Common Share. The common shares and warrants underlying the CDE FT Units shall qualify as 'flow-through shares' (within the meaning of subsection 66(15) of the Income Tax Act (Canada)). On March 14, 2025, the first tranche of 2025 Offering closed and it consisted of 142,551,675 CDE FT Units at a price of $0.1403 per CDE FT Unit and 191,435,095 HD Units at a price of $0.115 per HD Unit for gross proceeds of $42 million. The second tranche of the 2025 Offering closed on April 10, 2025 which was consisted of 166,686,959 HD Units at a price of $0.115 per HD Unit for gross proceeds of $19.2 million. Total gross proceeds raised was $61.2 million. On March 14, 2025, Sprott Private Resource Streaming and Royalty Corp. ('SRSR') and Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund II, LP and Nebari Collateral Agent LLC (collectively, 'Nebrari') extended their existing waiver and forbearance conditions until September 30, 2025, pursuant to definitive agreements entered into with the Company. The Company also entered into an amending agreement to the amended and restated credit agreement with certain Nebari entities dated November 18, 2024, which amended the conversion price under the Convertible facility to $0.155. The exercise price of the existing Nebari warrants was also amended to $0.155. SRSR has committed to release the currently held US$7.5 million Second Stream Deposit from escrow upon achieving the agreed development and funding targets, consistent with the terms of the Company's amended and restated purchase and sale agreements, dated November 15, 2024, with SRSR. On April 15, 2025, the Company provided an update on mine development and restart of operations. Through April 13, 2025, Procon has completed more than 800 metres of mine development since remobilization in late December 2024. The Company has commenced the re-opening of the Big Missouri workings, where work was paused when PGP was placed on care and maintenance last fall. Power availability and camp space capacity are expanding to accommodate the increase in productive operations. With contributions from both PNL and Big Missouri, Ascot targets the stockpiling of 40,000 tonnes of material for processing prior to mill startup August 2025. On April 22, 2025, the Company announced that Mr. Christopher Park will be joining the Company as Interim Chief Financial Officer, effective May 15, 2025. He succeeds Ms. Carol Li, who will retire as Chief Financial Officer and transition into an advisor role with the Company effective May 15, 2025. SUBSEQUENT TO THE QUARTER Contract negotiations The Company wishes to advise the market that it is in the process of renegotiating mining and development contract rates, which are trending higher than current rates. The Company will provide a further update in due course. If negotiations on viable mining and development contract rates are unsuccessful, the Company's cash flows, mine development progress, and timeline for restarting mill operations will be adversely affected. As a result of the foregoing, the Company will postpone the update previously scheduled for May 15, 2025. Board Changes As previously disclosed, Coille Van Alphen has resigned from the board of Ascot. The Company also advises that Rick Zimmer, Chairman of Ascot, has announced his retirement from the Board, effective immediately, due to family health reasons. The Board of Directors expresses its deep gratitude to Mr. Zimmer for his leadership, strategic insight, and many years of dedicated service to the Company. Under his guidance, Ascot has made significant progress in advancing its projects and strengthening its position in the gold sector. We extend our best wishes to Rick and his family during this time and thank him for his lasting contributions to Ascot's growth and success. The Board has elected Bill Bennett as Interim Chairman. Mr. Bennett has served on Ascot's Board since 2017 and brings extensive experience in public policy and the mining industry, including his previous role as British Columbia's Minister of Mines and Minister of Energy and Mines. FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2025 The Company reported a net income of $3,362 for Q1 2025 compared to a net loss of $6,208 for Q1 2024. The increase in net income for Q1 2025 is mainly driven by the accounting gain due to change in the fair value of derivative assets as a result of the higher gold and silver prices and the decrease in fair value of the convertible option embedded derivative liability due to lower share price of the Company. LIQUIDITY AND CAPITAL RESOURCES As at March 31, 2025, the Company had cash and cash equivalents of $36,151 and a working capital deficiency (current assets minus current liabilities) of $40,724. Excluding the current portion of deferred revenue of $11,765 and $21,919 of convertible facility which is classified as current due to the lender's right to exercise the conversion option at any time at a variable price, the working capital deficiency was $7,040. The increase in cash and cash equivalents since December 31, 2024 was mainly due to the receipt of net proceeds from the first tranche of the 2025 Offering partially offset by expenditures in mine development, plant and equipment of $27,823, share issue costs of $1,920, financing costs $585 and payment of lease liabilities of $886. The delay in underground development, suspension of operations and the builder's liens filed on the mineral properties would have resulted in a default on Ascot's credit facilities and stream arrangement. However, the Company obtained waivers and forbearance conditions from its secured lenders providing for limited suspension of covenant compliance requirements until September 30, 2025. The waivers were in effect as of March 31, 2025 and until September 30, 2025. In Q1 2025, the Company closed the first tranche of the 2025 Offering and received net proceeds of $40 million and subsequent to the quarter end, it closed the second and final tranche of the 2025 Offering and received net proceeds of $19 million. In addition, SRSR has committed to release the currently held US$7.5 million Second Stream Deposit from escrow upon achieving the agreed development and funding targets in 2025. Concurrent with closing of the first tranche of the 2025 Offering, the Company's mining contractor agreed to amend the addendum to the mining contract dated on November 18, 2024 and defer the payment of the promissory note to commencing on September 30, 2025. The amendment also allowed the contractor to review the new scope of work and adjust the mining contract rates in May 2025. Subsequent to the end of Q1 2025, the Company has been renegotiating the mining and development contract rates with the contractor, which are trending higher than current rates. If negotiations on viable mining and development contract rates are unsuccessful, the Company's cash flows, mine development progress, and timeline for restarting mill operations will be adversely affected. The Company may not have sufficient funding for the next twelve months of operations and additional funding may be required In Q1 2025, the Company issued 335,203,202 common shares, 333,986,770 warrants, and granted 4,372,016 stock options, 43,181 Deferred Share Units ('DSUs') and 2,564,102 Restricted Share Units ('RSU'). Also, 6,059,740 stock options expired or were forfeited, 419,623 RSUs were forfeited. MANAGEMENT'S OUTLOOK FOR 2025 The Company has been working to transition from the development of the mine and related infrastructure to steady state gold production. The key priorities in the remainder of 2025, subject to the outcome of contract negotiations as noted above, include: Continue with optimizing a comprehensive plan to accelerate mine development at PNL in order to achieve a successful restart of production. In order to operate the processing plant at 2,400 tpd (100 tph) the company needs to complete the mine development of PNL, ensuring that it, in conjunction with Big Missouri production (if achieved), supplies sufficient mill feed to the processing plant on a 2-weeks-on and 2-weeks off basis. Making progress towards achieving steady state production . Completing various environmental initiatives to ensure compliance with the Mine's environmental permits. Qualified Person James A (Jim) Currie, Chief Executive Officer and Chief Operating Officer of the Company is the Company's Qualified Person (QP) as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release. On behalf of the Board of Directors of Ascot Resources Ltd.'James A (Jim) Currie'CEO & COO For further information contact: KIN COMMUNICATIONS INC. Email: AOT@ Phone: 604-684-6730 About Ascot Resources Ltd. Ascot is a Canadian junior exploration and development company focused on re-starting the past producing Premier Gold Mine, located on Nisga'a Nation Treaty Lands, in British Columbia's prolific Golden Triangle. Ascot shares trade on the TSX under the ticker AOT. Concurrent with progressing the development of Premier, the Company continues to explore its properties for additional high-grade underground resources. Ascot is committed to the safe and responsible development of Premier in collaboration with Nisga'a Nation as outlined in the Benefits Agreement. For more information about the Company, please refer to the Company's profile on SEDAR+ at or visit the Company's web site at or for a virtual tour visit under Ascot Resources. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Information All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws ("forward-looking statements"). Forward- looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeted", "outlook", "on track" and "intend" and statements that an event or result "may", "will", "should", "could", 'would' or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements in respect of the leadership transaction and the ability of the Company to accomplish its business objectives. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including risks related to the need for future waivers or forbearance agreements from the secured creditors of the Company; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainty of estimates and projections relating to development, production, costs and expenses, and health, safety and environmental risks; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and indigenous groups in the exploration and development of Ascot's properties and the issuance of required permits; the need to obtain additional financing to finance operations and uncertainty as to the availability and terms of future financing; the possibility of delay in future plans and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; the need for TSX approval, including the Exemption, and other regulatory approvals and other risk factors as detailed from time to time in Ascot's filings with Canadian securities regulators, available on Ascot's profile on SEDAR+ at including the Annual Information Form of the Company in the section entitled "Risk Factors'. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Although Ascot believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Ascot can give no assurance that such expectations will prove to be correct. Ascot does not undertake any obligation to update forward-looking statements, other than as required by applicable laws. The forward-looking information contained in this news release is expressly qualified by this cautionary in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Ascot Reports First Quarter 2025 Results
VANCOUVER, British Columbia, May 12, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) ('Ascot' or the 'Company') announces the Company's unaudited financial results for the three months ended March 31, 2025 ("Q1 2025"), For details of the unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis for the three months ended March 31, 2025, please see the Company's filings on SEDAR+ ( All amounts herein are reported in $000s of Canadian dollars unless otherwise specified. Q1 2025 AND RECENT HIGHLIGHTS On January 15, 2025, the Company announced a leadership transition. Mr. Derek White, president and CEO, Mr. John Kiernan, COO, and Mr. Bryant Schwengler, VP &GM, had resigned from the Company. Mr. James (Jim) Currie was appointed as CEO and Director and served as interim COO. Ms. Coille Van Alphen, portfolio manager for Equinox Partners, was appointed to the Board of Directors of the Company. Ms. Diana Mark, Greystone Corporate Services Inc. had been hired as Corporate Secretary and KIN Communications had been retained to handle the Company's investor relations and communications. On March 7, 2025, the Company announced it had entered into an agreement with respect to a brokered private placement (the '2025 Offering'), to be marketed on a best-effort basis, which consisted of: (i) hard dollar units of the Company (the 'HD Unit') at a price of $0.115 per HD Unit for gross proceeds of a minimum of $40 million and up to a maximum of $45 million; and (ii) charity flow-through units of the Company (the 'CDE Unit') at a price of $0.1403 per CDE FT Unit for gross proceeds of approximately $20 million. Each Unit will be comprised of one common share in the capital of the Company and one warrant to purchase a Common Share. The common shares and warrants underlying the CDE FT Units shall qualify as 'flow-through shares' (within the meaning of subsection 66(15) of the Income Tax Act (Canada)). On March 14, 2025, the first tranche of 2025 Offering closed and it consisted of 142,551,675 CDE FT Units at a price of $0.1403 per CDE FT Unit and 191,435,095 HD Units at a price of $0.115 per HD Unit for gross proceeds of $42 million. The second tranche of the 2025 Offering closed on April 10, 2025 which was consisted of 166,686,959 HD Units at a price of $0.115 per HD Unit for gross proceeds of $19.2 million. Total gross proceeds raised was $61.2 million. On March 14, 2025, Sprott Private Resource Streaming and Royalty Corp. ('SRSR') and Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund II, LP and Nebari Collateral Agent LLC (collectively, 'Nebrari') extended their existing waiver and forbearance conditions until September 30, 2025, pursuant to definitive agreements entered into with the Company. The Company also entered into an amending agreement to the amended and restated credit agreement with certain Nebari entities dated November 18, 2024, which amended the conversion price under the Convertible facility to $0.155. The exercise price of the existing Nebari warrants was also amended to $0.155. SRSR has committed to release the currently held US$7.5 million Second Stream Deposit from escrow upon achieving the agreed development and funding targets, consistent with the terms of the Company's amended and restated purchase and sale agreements, dated November 15, 2024, with SRSR. On April 15, 2025, the Company provided an update on mine development and restart of operations. Through April 13, 2025, Procon has completed more than 800 metres of mine development since remobilization in late December 2024. The Company has commenced the re-opening of the Big Missouri workings, where work was paused when PGP was placed on care and maintenance last fall. Power availability and camp space capacity are expanding to accommodate the increase in productive operations. With contributions from both PNL and Big Missouri, Ascot targets the stockpiling of 40,000 tonnes of material for processing prior to mill startup August 2025. On April 22, 2025, the Company announced that Mr. Christopher Park will be joining the Company as Interim Chief Financial Officer, effective May 15, 2025. He succeeds Ms. Carol Li, who will retire as Chief Financial Officer and transition into an advisor role with the Company effective May 15, 2025. SUBSEQUENT TO THE QUARTER Contract negotiations The Company wishes to advise the market that it is in the process of renegotiating mining and development contract rates, which are trending higher than current rates. The Company will provide a further update in due course. If negotiations on viable mining and development contract rates are unsuccessful, the Company's cash flows, mine development progress, and timeline for restarting mill operations will be adversely affected. As a result of the foregoing, the Company will postpone the update previously scheduled for May 15, 2025. Board Changes As previously disclosed, Coille Van Alphen has resigned from the board of Ascot. The Company also advises that Rick Zimmer, Chairman of Ascot, has announced his retirement from the Board, effective immediately, due to family health reasons. The Board of Directors expresses its deep gratitude to Mr. Zimmer for his leadership, strategic insight, and many years of dedicated service to the Company. Under his guidance, Ascot has made significant progress in advancing its projects and strengthening its position in the gold sector. We extend our best wishes to Rick and his family during this time and thank him for his lasting contributions to Ascot's growth and success. The Board has elected Bill Bennett as Interim Chairman. Mr. Bennett has served on Ascot's Board since 2017 and brings extensive experience in public policy and the mining industry, including his previous role as British Columbia's Minister of Mines and Minister of Energy and Mines. FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2025 The Company reported a net income of $3,362 for Q1 2025 compared to a net loss of $6,208 for Q1 2024. The increase in net income for Q1 2025 is mainly driven by the accounting gain due to change in the fair value of derivative assets as a result of the higher gold and silver prices and the decrease in fair value of the convertible option embedded derivative liability due to lower share price of the Company. LIQUIDITY AND CAPITAL RESOURCES As at March 31, 2025, the Company had cash and cash equivalents of $36,151 and a working capital deficiency (current assets minus current liabilities) of $40,724. Excluding the current portion of deferred revenue of $11,765 and $21,919 of convertible facility which is classified as current due to the lender's right to exercise the conversion option at any time at a variable price, the working capital deficiency was $7,040. The increase in cash and cash equivalents since December 31, 2024 was mainly due to the receipt of net proceeds from the first tranche of the 2025 Offering partially offset by expenditures in mine development, plant and equipment of $27,823, share issue costs of $1,920, financing costs $585 and payment of lease liabilities of $886. The delay in underground development, suspension of operations and the builder's liens filed on the mineral properties would have resulted in a default on Ascot's credit facilities and stream arrangement. However, the Company obtained waivers and forbearance conditions from its secured lenders providing for limited suspension of covenant compliance requirements until September 30, 2025. The waivers were in effect as of March 31, 2025 and until September 30, 2025. In Q1 2025, the Company closed the first tranche of the 2025 Offering and received net proceeds of $40 million and subsequent to the quarter end, it closed the second and final tranche of the 2025 Offering and received net proceeds of $19 million. In addition, SRSR has committed to release the currently held US$7.5 million Second Stream Deposit from escrow upon achieving the agreed development and funding targets in 2025. Concurrent with closing of the first tranche of the 2025 Offering, the Company's mining contractor agreed to amend the addendum to the mining contract dated on November 18, 2024 and defer the payment of the promissory note to commencing on September 30, 2025. The amendment also allowed the contractor to review the new scope of work and adjust the mining contract rates in May 2025. Subsequent to the end of Q1 2025, the Company has been renegotiating the mining and development contract rates with the contractor, which are trending higher than current rates. If negotiations on viable mining and development contract rates are unsuccessful, the Company's cash flows, mine development progress, and timeline for restarting mill operations will be adversely affected. The Company may not have sufficient funding for the next twelve months of operations and additional funding may be required In Q1 2025, the Company issued 335,203,202 common shares, 333,986,770 warrants, and granted 4,372,016 stock options, 43,181 Deferred Share Units ('DSUs') and 2,564,102 Restricted Share Units ('RSU'). Also, 6,059,740 stock options expired or were forfeited, 419,623 RSUs were forfeited. MANAGEMENT'S OUTLOOK FOR 2025 The Company has been working to transition from the development of the mine and related infrastructure to steady state gold production. The key priorities in the remainder of 2025, subject to the outcome of contract negotiations as noted above, include: Continue with optimizing a comprehensive plan to accelerate mine development at PNL in order to achieve a successful restart of production. In order to operate the processing plant at 2,400 tpd (100 tph) the company needs to complete the mine development of PNL, ensuring that it, in conjunction with Big Missouri production (if achieved), supplies sufficient mill feed to the processing plant on a 2-weeks-on and 2-weeks off basis. Making progress towards achieving steady state production . Completing various environmental initiatives to ensure compliance with the Mine's environmental permits. Qualified Person James A (Jim) Currie, Chief Executive Officer and Chief Operating Officer of the Company is the Company's Qualified Person (QP) as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release. On behalf of the Board of Directors of Ascot Resources Ltd.'James A (Jim) Currie'CEO & COO For further information contact: KIN COMMUNICATIONS INC. Email: AOT@ Phone: 604-684-6730 About Ascot Resources Ltd. Ascot is a Canadian junior exploration and development company focused on re-starting the past producing Premier Gold Mine, located on Nisga'a Nation Treaty Lands, in British Columbia's prolific Golden Triangle. Ascot shares trade on the TSX under the ticker AOT. Concurrent with progressing the development of Premier, the Company continues to explore its properties for additional high-grade underground resources. Ascot is committed to the safe and responsible development of Premier in collaboration with Nisga'a Nation as outlined in the Benefits Agreement. For more information about the Company, please refer to the Company's profile on SEDAR+ at or visit the Company's web site at or for a virtual tour visit under Ascot Resources. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Information All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws ("forward-looking statements"). Forward- looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeted", "outlook", "on track" and "intend" and statements that an event or result "may", "will", "should", "could", 'would' or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements in respect of the leadership transaction and the ability of the Company to accomplish its business objectives. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including risks related to the need for future waivers or forbearance agreements from the secured creditors of the Company; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainty of estimates and projections relating to development, production, costs and expenses, and health, safety and environmental risks; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and indigenous groups in the exploration and development of Ascot's properties and the issuance of required permits; the need to obtain additional financing to finance operations and uncertainty as to the availability and terms of future financing; the possibility of delay in future plans and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; the need for TSX approval, including the Exemption, and other regulatory approvals and other risk factors as detailed from time to time in Ascot's filings with Canadian securities regulators, available on Ascot's profile on SEDAR+ at including the Annual Information Form of the Company in the section entitled "Risk Factors'. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Although Ascot believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Ascot can give no assurance that such expectations will prove to be correct. Ascot does not undertake any obligation to update forward-looking statements, other than as required by applicable laws. The forward-looking information contained in this news release is expressly qualified by this cautionary in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
Mercantil Banco adopts Galileo's digital platform
Mercantil Banco has collaborated with Galileo Financial Technologies to support its digital transformation. The bank will utilise Galileo's Cyberbank Digital platform to ramp up product 'innovation' and improve customer service offerings. This initiative is expected to reshape the interaction between Mercantil Banco and its customers by providing a secure digital banking environment. The Cyberbank Digital platform will enable Mercantil Banco to deliver customised, mobile-friendly services, which are designed to enhance customer satisfaction while streamlining operational processes. The platform's flexible architecture allows the bank to adapt quickly to market changes without the need for extensive system upgrades. Mercantil Banco technology and digital transformation vice president Elsy Herrera said: 'We chose Galileo for their proven track record, robust platform and the flexibility that Cyberbank Digital offers. 'The ability to leverage the product, while also having the extensibility to continuously innovate, was a decisive factor.' This signifies the start of a 'strategic' alliance to develop the 'next generation' of services for both consumer and corporate clients of Mercantil Banco. Furthermore, the long-term nature of this partnership guarantees continuous support and innovation, allowing Mercantil Banco to remain responsive to changing market demands, stated the tech vendor. Galileo Financial Technologies CEO Derek White said: 'Our mission is to transform digital banking and revolutionise customer experience. 'With Cyberbank Digital, Mercantil Banco will be able to offer cutting-edge services that meet the needs of its customers in an ever-evolving digital environment.' In September 2024, Galileo launched the Galileo Instant Verification Engine (GIVE) and Transaction Risk GScore, providing fintechs, banks, and businesses with tools to combat fraud. "Mercantil Banco adopts Galileo's digital platform" was originally created and published by Retail Banker International, a GlobalData owned brand.
Business Wire
06-05-2025
- Business
- Business Wire
Mercantil Banco Chooses Cyberbank Digital from Galileo to Embrace Digital Transformation
MIAMI--(BUSINESS WIRE)-- Galileo Financial Technologies, SoFi Technologies, Inc.'s Technology Platform (NASDAQ: SOFI), today announced a partnership with Mercantil Banco, S.A. to spearhead a new era of digital banking. By leveraging Galileo's cutting-edge Cyberbank Digital platform, Mercantil Banco will accelerate product innovation, elevate customer experiences, and introduce a suite of next-generation service offerings. This collaboration will transform how Mercantil Banco connects with its customers by delivering a secure and flexible digital banking experience through Cyberbank Digital. The platform allows Mercantil to offer personalized, mobile-ready services that improve customer satisfaction and streamline operations. Its adaptable design lets the bank quickly evolve without major system overhauls—helping it stay competitive in a fast-moving market. 'We are incredibly excited to announce this partnership with Mercantil Banco," said Derek White, CEO of Galileo Financial Technologies. "Our mission is to transform digital banking and revolutionize customer experience. With Cyberbank Digital, Mercantil Banco will be able to offer cutting-edge services that meet the needs of its customers in an ever-evolving digital environment." "This agreement not only strengthens our presence in Latin America, but also solidifies our position in Panama, where Mercantil Banco becomes our fourth client. We are committed to providing exceptional support and fostering a collaborative environment that drives innovation and efficiency at Mercantil Banco," said Lily Mendia, Galileo's Head of Global Banking Sales, Latin America and the Caribbean. The announcement marks the beginning of a strategic partnership to develop and roll out the next generation of Mercantil Banco's consumer and corporate offerings, based on a shared commitment to innovation, deep levels of personalization, and enhanced customer experience. Elsy Herrera, Vice President of Technology and Digital Transformation at Mercantil Banco, added: "We chose Galileo for their proven track record, robust platform and the flexibility that Cyberbank Digital offers. The ability to leverage the product, while also having the extensibility to continuously innovate, was a decisive factor. We are confident that this platform will significantly improve our customers' experience, allow us to quickly adapt to market needs and offer a superior digital banking experience." This long-term partnership also ensures ongoing support, constant innovation, and the flexibility to adapt as market needs evolve, positioning the bank to deliver superior services and drive sustainable growth. "This agreement is a testament to our commitment to innovation and excellence in digital banking. We are proud to work with Mercantil Banco to transform its digital presence,' added Leo Andres, Sales Director for the Southern Cone at Galileo Financial Technologies. About Mercantil Banco, S.A. is a banking institution that is part of Panama's financial system. It is a subsidiary of Mercantil Servicios Financieros Internacional (MSFI), a financial holding company listed on the Panama Stock Exchange under the ticker symbols MSFIA and MSFIB. MSFI includes Mercantil companies in Panama: Mercantil Banco, Mercantil Seguros, Mercantil Reaseguros, and Mercantil Servicios de Inversión, which together offer a comprehensive portfolio of banking, insurance, and wealth management products and services. MSFI also includes Mercantil Bank in Switzerland and Mercantil Bank in Curaçao. Mercantil has 100 years of experience and has built a strong presence across 9 countries in the Americas and Europe throughout its history. About Galileo Financial Technologies Galileo Financial Technologies, LLC and certain of its affiliates collectively comprise a financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ:SOFI) that enables fintechs, financial institutions, and emerging and established brands to build differentiated financial solutions that deliver exceptional, customer-centric experiences. Through modern, open APIs, Galileo's flexible, secure, scalable and fully integrated platform drives innovation across payments and financial services. Trusted by digital banking heavyweights, early-stage innovators and enterprise clients alike, Galileo supports issuing physical and virtual payment cards, mobile push provisioning, tailored and differentiated financial products and more, across industries and geographies. ©2025 Galileo Financial Technologies, LLC. All rights reserved. Galileo Financial Technologies, LLC is a technology company, not a bank. Galileo partners with many issuing banks to provide banking services in North and Latin America.
