Latest news with #PFS
Business Wire
2 days ago
- Business
- Business Wire
Rupert Resources Reports Results for the Three and Six Months Ending June 30, 2025
TORONTO--(BUSINESS WIRE)--Rupert Resources Ltd ('Rupert' or the 'Company') announces that it has published its unaudited financial results for the three and six months ending June 30, 2025 and accompanying Management's Discussion and Analysis for the same period. The above have been posted on the Company's website with the financial statements and MD&A also published on SEDAR+ at Graham Crew, Chief Executive Officer of Rupert Resources said: 'The Q1 2025 release of the Ikkari pre-feasibility study ('PFS') demonstrated the compelling value of the project. During Q2 2025 we continued to advance metallurgical test work, waste management, geotechnical, hydrogeological and optimization studies identified in the PFS for the feasibility study ('FS') and anticipate awarding further work packages during H2 2025. Our winter exploration program delivered some exciting intercepts and continued to deepen our geological understanding of the satellite targets. During the second quarter, drilling activities focussed on hydrogeological and geotechnical drill programs to support the FS. Ahead of the next winter drill programme we are progressing a review of the permit package and all data gathered to date. The workshop is aimed at further refinement of our exploration strategy and prioritisation of the targets across our extensive landholding in the Central Lapland Greenstone Belt ('CLGB'). With over $100 million in cash and short term investments, we are well funded through to the delivery of the FS—continuing to advance and de-risk the Ikkari project, while aiming to unlock further value across the Rupert Lapland Project area through exploration.' Financial Highlights During the six months ending June 30, 2025, the Company spent $13,884,945 on its exploration projects. As of June 30, 2025, Rupert held cash or cash equivalents, together with short term investments comprising short-dated Canadian state-backed treasury instruments, for a combined total of $106,006,693. These holdings were strengthened by the proceeds of the $51,750,000 public offering that was closed on March 27, 2025 as well as those from the $28,451,250 private placement that was closed on April 1, 2025. The Company recorded a net loss for the six months to end-June 30, 2025 of $(4,707,773) and a net loss per share of $(0.02). All references to currency in this press release are in Canadian dollars. Discussion of Operations During the three and six months ended June 30, 2025 and up to the date of this MD&A, Rupert's operational activities have been focussed on the Rupert Lapland Project Area and Ikkari in particular. Rupert Lapland Project Area Regional Exploration Program, including Ikkari The regional exploration program at the Rupert Lapland Project Area is designed to identify and evaluate the mineral potential contained in Rupert's land package in the Central Lapland Greenstone Belt ('CLGB'). Since July 2020, the Company has been engaged in a diamond drill program to further evaluate discoveries and targets within the Rupert Lapland Project Area, including Ikkari, as well as continuing to generate new targets through base of till ('BoT') sampling, which continues across the Rupert Lapland Project Area and specifically over geophysical signatures of interest. Ikkari Project Drilling The 2024/2025 winter drill program at Ikkari was completed during the second calendar quarter of 2025 and comprised of both hydrogeological and geotechnical drill programs to inform the upcoming FS and environmental permit application. The hydrogeological program comprised the installation of a further 26 vibrating wire piezometers (VWPs) surrounding the Ikkari mineralisation and envisaged operation. Pump testing from 4 large diameter holes to further inform the groundwater model is underway. Geotechnical drilling of the underground portion of the Ikkari deposit concluded during the second quarter with 5 holes completed in total for 2896m. Tele-viewer imaging and interpretation, geotechnical logging and laboratory test work are underway. Continuing Exploration Following on from the exploration campaign during the winter 2023/24, promising intercepts continue to be intersected at Heinä South including 45.7g/t Au over 8m in Hole #125001 which included 362g/t Au over 1m (see press release April 17, 2025). Refinement of the interpretation suggests that the high-grade intercepts occur at the intersection of these trends as opposed to forming a continuum along the WNW strike. Exploration along the Rajala line structure, ENE from Ikkari, has focussed on and around the Mike and Rajala targets. At Mike the principal continuation of the high-strain zone which hosts the Ikkari mineralisation was confirmed at the northern margin of the prospect with the southern, lower strain domain and contact to the main Kumpu Basin less prospective. At Rajala, follow-up drilling of promising intercepts from 2024 did not intersect the same mineralisation. The observations from these targets will feed into the continued systematic exploration along the Rajala Line further refining prospectivity and target ranking along the structure. In the far east of the Rupert Lapland Project permit package, most prospective for magmatic sulphide base metal deposits, electromagnetic (EM) anomalies consistent with massive sulphide mineralisation were tested and determined to be remobilised, barren, massive sulphides. Scout drilling was also undertaken at Kuusajaarvi, Sikavaara East and Säynä, part of the non-core licence holdings of the Company to the west of the main tenement package. Targets at Sikavaara East and Säynä comprised structural contacts and low-tenor BoT anomalies. At Kuusajaarvi, drilling targeted an isolated high-grade Cu anomaly and further low grade Au anomalies. Following the scout drilling programs, a re-evaluation of the potential for these licences to host deposits of economic significance will be undertaken. Engineering and Ikkari Related Studies The Company released the results of the Ikkari Pre-Feasibility Study confirming the high-margin nature of the project through an NPV5 of US$1.7bn, IRR of 38% and payback period of 2.2 years at a gold price of US$2150/oz, the long-term consensus gold price in January 2025 (see press release February 18, 2025). The Company is now advancing towards a feasibility study and ahead of this, is currently progressing geotechnical and hydrogeological field programs, metallurgical test work and process optimisation studies, all of which will inform the study. Targeting opportunities identified in the PFS, a small number of trade-off and project optimisation studies are currently ongoing, specifically targeting the interaction between mineral processing, waste management, water treatment and closure. This work will identify the go-forward strategy in the FS. Advancing Permitting and Environmental Work Permitting, specifically progression of the environmental impact assessment ('EIA') program and land use planning is also a key focus of the Company. The EIA Program was initially presented to the relevant environmental authorities in Finland on November 30, Company then formally filed its EIA Program with the authorities during the second calendar quarter of 2023 and is continuing to advance the EIA Studies and Report documents with the aim of securing an environmental permit and thereafter a mining licence for Ikkari, in addition to those already held at Pahtavaara. As part of this process the Company continues with numerous baseline environmental assessments, as well as on-going engagement across all stakeholder groups. Outlook As at the date hereof, the Company's mineral properties are at the exploration and development stage. The Company's core focus for approximately the following twelve months remains to further advance its assets within the Rupert Lapland Project Area, in particular Ikkari, including the following: Project Studies. Further to the completion of the Ikkari PFS in February 2025, the Company is advancing towards the FS and is currently progressing metallurgical, geotechnical and hydrogeological field and study programmes as well as other project optimisation work. Continuing exploration in the Rupert Lapland Project Area. Continued exploration activities at other previously identified targets elsewhere in the Rupert Lapland Project Area, including but not limited to Heinä South, Mike, Naattua and Rajala, with the aim being to demonstrate the potential scale of the discoveries and define potentially new economic mineralisation in the area. Generative exploration. Identify further precious and base metal anomalies using geophysics, geochemical analysis of base of till samples, and geological mapping and sampling elsewhere within the Rupert Lapland Project Area, including but not limited to, at Kuusajärvi, Sikavaara East, Sayna and Area 51. These are being followed up using diamond drilling as appropriate to define potential. Permitting and Environmental. An EIA process is underway at Ikkari, with the aim of securing an environmental permit for Ikkari in addition to that already held at Pahtavaara. Permitting and land use planning are key areas of focus for the Company, continuing to advance the EIA Studies and Report documents. An updated closure plan for Pahtavaara is also expected to be filed later in 2025. Geological Studies. Further to the exploration programmes outlined above, the Company utilises a small number of external consultants to undertake structural and geophysical interpretations to enhance its exploration. The combined cost for the above for the 12 months to June 30, 2026, together with general and administration costs, is approximately $35 million. For further information, please contact: Graham Crew Chief Executive Officer Michael Stoner Corporate Development info@ Rupert Resources Ltd 82 Richmond Street East, Suite 203, Toronto, Ontario M5C 1P1 Web: Expand Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking Statements This press release contains statements which, other than statements of historical fact constitute 'forward-looking statements' within the meaning of applicable securities laws, including statements with respect to: results of exploration and development activities and mineral resources and future plans. The words 'may', 'would', 'could', 'will', 'intend', 'plan', 'anticipate', 'believe', 'Estimate', 'expect' and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and Estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's Annual Information Form and Management's Discussion and Analysis, available on the Company's website and / or on SEDAR Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, Estimated or expected. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, Estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company does not intend, and does not assume any obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
West Australian
7 days ago
- Business
- West Australian
Chalice Mining picks a month to release highly-anticipated study into Gonneville project
A make-or-break study into Chalice Mining's mixed metals development on farmland near Toodyay will be released in three months time, the company's boss has declared. Alex Dorsch narrowed the expected timeframe for the long-awaited pre-feasibility study into the Gonneville palladium-nickel-copper project to be unveiled. 'Effectively, November it (the PFS) is going to be released,' he said on Wednesday at Diggers & Dealers. 'The critical path there at the moment is we had to bring magnetite into our resource estimate.' Chalice has joined forces with Japanese conglomerate Mitsubishi to work on the PFS. Once the PFS is completed, Mitsubishi is set to decide whether or not it wants to lock in a binding partnership with Chalice to develop the billion-dollar mine. Mr Dorsch on Wednesday also lobbied for platinum group metals to be included in the Federal Government's $1.2 billion critical minerals strategic reserve. 'The benefit of PGMS is there's very, very small volumes to store. You don't need much,' Mr Dorsch said. 'You probably need the size of this table (a 1.5 metre by 1 metre table) to store a significant quantity of strategic reserves for the country. 'I think if they could do that alongside some other Western nations, obviously, that would be the smart way to do it.' Mr Dorsch expressed 'surprise' the Albanese Government had opted to establish the $1.2b stockpile. He said the 'simple thing' would be to make approvals 'more rapid' and establish more infrastructure near mining projects.
Cision Canada
05-08-2025
- Business
- Cision Canada
Hot Chili Announces A$14M Rights Issue to Support Completion of Strategic Partnering Process & Maiden La Verde Resource Estimate
PERTH, Australia, Aug. 5, 2025 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce that the Company will be undertaking a A$14 million funding, exclusively offered to all eligible shareholders. The A$14 million funding will be via non-renounceable entitlements offer of new shares on a 2 for 13 basis, at an issue price of A$0.60 (60 cents) per share (the "Rights Issue" or "Entitlement Offer"). The Rights Issue provides an opportunity for all eligible shareholders to participate in the funding of the Company at a pivotal time, removing near-term funding uncertainty and providing a pathway to delivering several transformational catalysts over the coming months, including: Completion of the Company's asset-level strategic partnering process As detailed in the Company's recent quarterly report for the period ending 30 June 2025 (released 29 July 2025), following completion of the Pre-feasibility Studies ("PFS") for Costa Fuego and Huasco Water, Hot Chili initiated asset-level strategic partnering processes ("Partnering Process") to introduce one or more qualified partners with the financial, technical and operational capability to assist in funding and delivering each project. The Partnering Process is ongoing, and the Company confirms it is currently assessing several nonbinding, indicative, incomplete and conditional proposals. The Partnering Process may result in a range of possible transactions for the projects. Investors are cautioned that there is no certainty the Partnering Process will result in a transaction or binding agreement. The Company will keep the market updated in accordance with its continuous disclosure obligations. Hot Chili has appointed BMO Capital Markets as its financial adviser in connection with the Partnering Process. Commencement of phase-two diamond drilling at the La Verde copper-gold discovery The La Verde copper-gold (Cu-Au) discovery ("La Verde") is located approximately 30km south of the Company's Costa Fuego Cu-Au Project ("Costa Fuego" or "the Project") planned central processing hub, at low elevation, in the coastal range of the Atacama region, Chile. The Company concluded a phase-one drilling campaign across La Verde on 10 April 2025, with a total of 31 Reverse Circulation (RC) drill holes (9,600 m) completed to date. Drill results have defined an extensive +0.2% Cu mineralisation footprint of 1,000 m by 750 m extending up to 400 m vertical depth and remaining open laterally and at depth. Importantly, multiple distinct higher-grade centres have been confirmed from near surface, with several stand-out drill results reported including 308m grading 0.5% Cu and 0.3g/t Au from 46m depth to end of hole, which included 100m grading 0.7% Cu, 0.3g/t Au from 118m depth (announced 18 December 2024). Over half of Hot Chili's drill holes have ended in significant mineralisation (at the depth of RC drill rig capability). Planned diamond drilling is expected to facilitate a maiden mineral resource estimate for La Verde, providing near-term, material resource growth and potential front-end, open pit, higher grade mine life additions for Costa Fuego. Hot Chili' Managing Director Christian Easterday said: "Funding from the Rights Issue will facilitate another significant upgrade to the Company's copper and gold resource base at a time of strong market conditions for both commodities. "A strengthened balance sheet will also provide the Company with the necessary funds to complete its strategic partnering process aimed at potentially unlocking asset-level funding for Costa Fuego and Huasco Water. "We are very pleased to exclusively offer to all eligible shareholders, full exposure to both near-term, key catalysts which this funding will support." Details of the Rights Issue (Entitlement Offer) The Rights Issue is a non-renounceable pro rata offer of 2 (two) fully paid ordinary shares in the Company ("New Shares") for every 13 (thirteen) existing shares held by eligible shareholders registered at 5.00pm (AWST) on 8 August 2025 ("Record Date"), at an issue price of A$0.60 (60 cents) per New Share ("Offer Price'), to raise up to approximately $14 million before costs (the "Entitlement Offer"). The Entitlement Offer will be made pursuant to an offer document under section 708AA of the Corporations Act ("Offer Document"). The Offer Price represents a 3.4% premium to the last closing price of the Company's shares traded on ASX on 4 August 2025 of A$0.58 and a 4% discount to the 15-day VWAP. The Entitlement Offer is non-renounceable and is not underwritten. Eligible shareholders who take up their entitlements in full may also apply for additional New Shares under the shortfall facility to the Entitlement Offer. In respect to any potential shortfall to the Entitlement Offer, the directors of Hot Chili will reserve the right to allocate any, all, or none of the shortfall to sophisticated and professional investors at their discretion. The issue of New Shares under the Entitlement Offer and placement of any shortfall to the Entitlement Offer to non-related parties of the Company is not subject to shareholder approval. The Entitlement Offer and the placement of any shortfall to the Entitlement Offer is exclusively managed by Veritas Securities Limited as lead manager. Certain insiders of the Company are expected to participate in the Entitlement Offer and as a result, the Entitlement Offer may constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions ("MI 61-101"). The Entitlement Offer is not subject to the formal valuation and minority shareholder approval requirements under MI 61-101 as the Entitlement Offer is a transaction in which the general body of holders of the Company's ordinary shares in Canada are treated identically on a per share basis and the transaction has no "interested party" within the meaning of MI 61-101. If the Entitlement Offer is subject to the formal valuation and minority shareholder approval requirements under MI 61-101, the Entitlement Offer would in any event be exempt from such requirements in reliance upon the exemptions contained in 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 as the fair market value of the Entitlement Offer, insofar as it involves interested parties, will not be more than 25% of the Company's market capitalisation. Full details of the Entitlement Offer are set out in the Offer Document which will be available for review on the Company's website at and on SEDAR+ ( under Hot Chili's issuer profile. Timetable The proposed timetable for the Entitlement Offer is as follows (stated times and dates are times and dates in Perth, Western Australia): Note: These dates are indicative only and subject to change. Subject to the ASX Listing Rules and the policies of the TSX Venture Exchange ("TSXV"), the Company may vary these dates without notice. In particular, the Company reserves the right to extend the Closing Date and to accept late acceptances either generally or in particular cases. Any extension of the Closing Date will have a consequential effect on the allotment date of New Shares. The commencement of quotation of the New Shares on ASX is subject to confirmation from ASX. The listing of the New Shares on TSXV is subject to the approval of the TSXV. This announcement is authorised by the Board of Directors for release to ASX and TSXV. For more information please contact: Qualifying Statements Qualified Person – NI 43-101 The technical information in this announcement has been reviewed and approved by Mr. Christian Easterday, MAIG, Hot Chili's Managing Director and a qualified person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Exploration Results – JORC and ASX The information in this announcement that relates to exploration results for the La Verde project was previously reported in the Company's announcements released to ASX on 18 December 2024 'Hot Chili Intersects Significant Copper-Gold, Porphyry-style Mineralisation at La Verde' and 19 May 2025 'Hot Chili Announces Latest Drill Results for La Verde, Doubling Porphyry Discovery Footprint', which are available to view on the Company's website at - announcements/. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. Disclaimer 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 announcement. Forward Looking Statements This announcement contains certain statements that are "forward-looking information" within the meaning of Canadian securities legislation and Australian securities legislation (each, a "forward-looking statement"). Forward-looking statements reflect the Company's current expectations, forecasts, and projections with respect to future events, many of which are beyond the Company's control, and are based on certain assumptions. No assurance can be given that these expectations, forecasts, or projections will prove to be correct, and such forward-looking statements included in this announcement should not be unduly relied upon. Forward-looking information is by its nature prospective and requires the Company to make certain assumptions and is subject to inherent risks and uncertainties. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "estimate", "expectations", "may", "plan", "potential", "project", "reinforce", "unlock", "large-scale", "could", "should", "will", "would", variants of these words and similar expressions are intended to identify forward-looking statements. The forward-looking statements within this announcement are based on information currently available and what management believes are reasonable assumptions. Forward-looking statements speak only as of the date of this announcement. In this announcement, forward-looking statements relate, among other things, to: the Rights Offer, including the timing and results thereof, the receipt of all required regulatory approvals therefor, and the anticipated use of proceeds thereof; the timing and completion, if at all, of the Partnering Process; the potential of the La Verde discovery, including the timing and ability, if at all, to publish a maiden mineral resource estimate; the potential for front-end, open pit, higher grade mine life additions for Costa Fuego; regulatory applications and approvals; the timing and results of future economic studies; and the Company's future exploration and other business plans. 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 the forward-looking statements. A number of factors could cause actual results to differ materially from a conclusion, forecast or projection contained in the forward-looking statements in this announcement, including, but not limited to, the following material factors: the results of the Rights Offer; the results of the Partnering Process; the ability of drilling and other exploration activities to accurately predict mineralisation; operational risks; risks related to the cost estimates of exploration; sovereign risks associated with the Company's operations in Chile; changes in estimates of mineral resources or mineral reserves of properties where the Company holds interests; recruiting qualified personnel and retaining key personnel; future financial needs and availability of adequate financing; fluctuations in mineral prices; market volatility; exchange rate fluctuations; ability to exploit successful discoveries; the production at or performance of properties where the Company holds interests; ability to retain title to mining concessions; environmental risks; financial failure or default of joint venture partners, contractors or service providers; competition risks; economic and market conditions; and other risks and uncertainties described elsewhere in this announcement and elsewhere in the Company's public disclosure record. Although the forward-looking statements contained in this announcement are based upon assumptions which the Company believes to be reasonable, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. With respect to forward-looking statements contained in this announcement, the Company has made assumptions regarding: future commodity prices and demand; availability of skilled labour; timing and amount of capital expenditures; future currency exchange and interest rates; the impact of increasing competition; general conditions in economic and financial markets; availability of drilling and related equipment; effects of regulation by governmental agencies; future tax rates; future operating costs; availability of future sources of funding; ability to obtain financing; and assumptions underlying estimates related to adjusted funds from operations. The Company has included the above summary of assumptions and risks related to forward-looking information provided in this announcement to provide investors with a more complete perspective on the Company's future operations, and such information may not be appropriate for other purposes. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. For additional information with respect to these and other factors and assumptions underlying the forwardlooking statements made herein, please refer to the public disclosure record of the Company, including the Company's most recent Annual Report, which is available on SEDAR+ ( under the Company's issuer profile. New factors emerge from time to time, and it is not possible for management to predict all those factors or to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. The forward-looking statements contained in this announcement are expressly qualified by the foregoing cautionary statements and are made as of the date of this announcement. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statement to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise. Investors should read this entire announcement and consult their own professional advisors to ascertain and assess the income tax and legal risks and other aspects of an investment in the Company. Not for release to US wire services or distribution in the United States This announcement has been prepared for publication in Australia and Canada and may not be released to US news wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction in which such sale, solicitation or offer would be unlawful. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 (the "US Securities Act") and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration of the US Securities Act and applicable US state securities laws.
Miami Herald
03-08-2025
- Health
- Miami Herald
Venture Medical Position on CMS and MAC Skin Substitute Proposals
Venture Medical, LCC is sharing our position on the CY2026 Medicare Physician Fee Schedule and our future recommendations. MISSOULA, MT / ACCESS Newswire / August 3, 2025 / The proposed changes to skin substitute reimbursement and coverage in the CY2026 Medicare Physician Fee Schedule (PFS) and Future Effective Local Coverage Determinations (LCDs) are unprecedented and have sparked alarm across the advanced wound care community-particularly among mobile and office-based providers. These proposals, while nominally aimed at consistency and cost control, are based on flawed assumptions and methodologies that will result in reduced access, disrupted clinical practice, and long-term harm to patients and innovation. At Venture Medical we have been working for many months to help chart a course from the current unsustainable system to one which is rational and workable for patients, providers, industry and CMS. As many of you are preparing your comments on these policies, we wanted to share a summary of the direction in which we think the wound care community should be pushing. If you would like to discuss further, please reach out to us. Rescind the Future Effective LCDs Originally designed to control cost-now redundant after CMS pricing product selection harms access, limits clinician choice, and stifles reliance on RCTs ignores the value of real-world evidence (RWE) and other valid harmful for wounds like VLUs, PUs and surgical wounds where RCTs are limited or update cycles span years-unworkable for a dynamic clinical field. Recommendations for the Future: Support Clinical FlexibilityProducts billed "incident to" clinician services should be selected by the clinician like other incident-to are best positioned to select appropriate products based on evidence, experience, and patient new products from the market discourages new product innovation and restricts accessIncentivize evidence development with enhanced payments 8-application cap is not evidence-based and should also be for a National, Uniform LCD FrameworkEstablish consistent rules and documentation standards across all wound regional disparities and overly prescriptive policies-maximize clinical flexibility for ASP Model with a Higher Fixed-Fee RateASP-based pricing is highly variable ($7-$13,117/cm²), unpredictable, and misaligned with clinical reimbursement creates artificial hierarchies not tied to comparative model for 2026: single flat fee (e.g., $600-$1000/cm²) based on economic modelingFix Reimbursement RatesCMS used only HOPD data-other sites of care must be included in rate modeling supports a base rate of $550-$711/cm².Raise non-facility physician application fees to >$500 for equity across care settingsModerate overzealous audit activitySupport Innovation with Evidence-Based EnhancementsEstablish favorable payment enhancements for products which can demonstrate high comparative effectiveness via RCT or RWE - similar to pass-through conceptPush for birth tissue product legislation tied to 2025 Health Services biologics pathway for future tissue products. SOURCE: Venture Medical LLC press release
West Australian
01-08-2025
- Business
- West Australian
Sayona Mining accuses Wildcat Resources of falsely parading Pilbara mining land as its own
Wildcat Resources has been accused of counting a mining tenement it does not control in plans for one of WA's last remaining lithium developments. North American lithium producer Sayona Mining took to the ASX to scold Wildcat over its Tabba Tabba pre-feasibility study released on Tuesday. Sayona claimed the PFS indicated 'key infrastructure' related to Tabba Tabba was located on Wildcat's turf. Northern Star Resources ultimately controls the disputed land via De Grey Mining, but Sayona holds the rights to explore for lithium. 'Sayona can confirm to its shareholders that its exploration activities will continue and that there is currently no agreement or licence in place which would allow Wildcat to develop the proposed infrastructure over this highly prospective tenement,' the company stated. 'While Sayona acknowledges that Wildcat has applied for various miscellaneous licences over (the tenement) it fails to mention that these applications have been objected to by parties with an interest in . . . and remain subject to Wardens Court proceedings.' Sayona alleged Wildcat's assertion that there are 'no known impediments' to obtaining a licence was 'misleading'. 'Shareholders are assured that Sayona will vigorously defend the integrity of the company's tenements and rights to fully test the high potential lithium targets that are being developed in this area,' it stated. A Wildcat spokesman in response said 'all modifying factors related to tenure' mentioned in the PFS announcement were 'clearly identified'. The PFS outlined a $443 million cost to bring Tabba Tabba — located 80km by road south of Port Hedland — online.
