Latest news with #amendment
Yahoo
01-08-2025
- Business
- Yahoo
PPX Mining Corp. Amends Second Tranche Payment Terms of Silver Royalty Agreement With Silver Crown Royalties Inc.
TORONTO, ON / / August 1, 2025 / PPX Mining Corp. (TSXV:PPX.V)(BVL:PPX)(the "Company" or "PPX") has, together with Silver Crown Royalties Inc. (CBOE:SCRI)(OTCQX:SLCRF)(FRA:QS0) ("SCR"), yesterday amended certain terms of the silver royalty agreement between the Company and SCR originally dated December 13, 2024 (the "Silver Royalty Agreement" and the amendment thereto referred to as the "Amendment"). The second tranche price of the Silver Royalty Agreement in the amount of US$1,470,000, originally payable by SCR to PPX on or before August 6, 2025, has been amended in order to split the payment obligation in two and extend the time by which the total amount of US$1,470,000 must be paid. In connection with these amendments, a total of US$833,000 of the second tranche payment has been paid by SCR to PPX, and the remaining US$637,000 will be payable on or before December 31, 2025. Proceeds will be used by PPX to support its ongoing construction of the CIL and flotation plant at the Company's Igor project, located in La Libertad, Peru (the "Beneficiation Plant"). In connection with the split of the second tranche payment obligations and the partial payment made by SCR, the royalty percentage and total payable ounces to which SCR is entitled under the Silver Royalty Agreement have been increased pro rata by the amount paid (relative to the total amount payable), by 5.1% (to a total of 11.1%), and 76,500 ounces of silver (to an aggregate total of 166,500 ounces of silver), respectively. Upon payment by SCR to PPX of the remainder of the second tranche price (being US$637,000), the royalty percentage and total payable ounces will increase by an additional 3.9% (to a total of 15%) and 58,500 ounces of silver (to an aggregate total of 225,000 ounces of silver) respectively, as originally contemplated in the Silver Royalty Agreement. In consideration of the splitting and extension of the second tranche payment, the parties also amended the Silver Royalty Agreement to extend the date by which the minimum silver royalty that SCR is entitled to receive under the Silver Royalty Agreement will commence, from the original date of October 1, 2025, to March 31, 2026 (subject to earlier commencement upon startup of metallurgical operations at the Beneficiation Plant). Further details regarding the Silver Royalty Agreement can be found in the Company's press releases dated December 16, 2024 and February 6, 2025 announcing closing of the First Tranche. A copy of the Royalty Agreement is available, and a copy of the Royalty Amendment will shortly be available, on the Company's SEDAR+ profile at About PPX Mining Corp:PPX Mining Corp. is a Canadian-based mining company with assets in northern Peru. Igor, the Company's 100%-owned flagship gold and silver project, is located in the prolific Northern Peru gold belt in eastern La Libertad Department. On behalf of the Board of DirectorsJohn ThomasChief Executive Officer82 Richmond Street EastToronto, Ontario M5C 1P1Canada416-361-0737 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Statements:This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") as such terms are defined by applicable securities laws, including, but not limited to statements regarding the expected closing of the second portion of the second tranche payment, expected use of proceeds to support the Company's construction activities, and future plans. Forward-looking statements are statements that relate to future events. In this context, forward-looking statements often address expected future business plans and financial performance and often contain words such as "anticipate," "believe," "plan," "estimate," "expect," and "intend,", statements that an action or event "may," "might," "could," "should," "would" or "will" be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control, and the Company's actual results could differ materially from those stated or implied in forward-looking statements due to many various factors. Such uncertainties and risks include, among others, delays in closing the second portion of the second tranche payment when anticipated, or at all, as well as risks inherent to production and the Company's construction activities. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward- looking statements. All forward-looking statements contained in this press release are made as of today's date, and the Company undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law. SOURCE: PPX Mining Corp. View the original press release on ACCESS Newswire
Express Tribune
20-07-2025
- Politics
- Express Tribune
PTI urges judiciary to 'rise above pressure'
Pakistan Tehreek-e-Insaf (PTI) on Sunday appealed to the Chief Justice of Pakistan (CJP) Yahya Afridi to ensure impartial and conscience-driven decisions in all pending political cases. Addressing a press conference, senior PTI leaders Sardar Latif Khosa and Intezar Hussain Panjutha accused the state of orchestrating baseless cases against the party leaders and workers following the May 9 events, and warned that suppressing the public mandate could push the country toward a political catastrophe reminiscent of 1971. Khosa said that the two-year anniversary of PTI founder Imran Khan's detention was approaching on August 5, adding that despite predictions he would not survive two days in jail, the incarcerated party supremo remains firm. "Even a child knows today who the real looters are," he said. "The authorities don't even allow Khan's sisters, wife, and children to meet him." He asserted that the Supreme Court had already declared Imran Khan's arrest unconstitutional but lamented that no action has been taken to this day. "False cases are being registered against PTI workers nationwide," he said. "May 9 is being exploited as a pretext for political victimisation." Khosa maintained that the people still see Imran as their prime minister. He warned that history will one day put current power holders in the dock. "You will be answerable for the humiliation and persecution you have inflicted. We urge the judiciary to decide according to their conscience. Those acting beyond their constitutional authority must be held accountable." Moreover, Khosa also condemned the treatment of PTI's Dr Yasmin Rashid, who was brought to court from hospital despite her poor health. "What difference would it have made if she stayed two more days in the hospital?" he asked. He warned that circumstances similar to 1971 are being created again by disregarding the public's electoral will. "An undeclared emergency has been in place for the last three years. From day one, the objective behind the May 9 cases was to dismantle PTI's government," he alleged. "On May 7, an orchestrated conspiracy involved an attack on a Corps Commander's residence and martyrs' memorials, but no PTI leader was physically present at the scene. Even the FIRs don't allege physical presence." He lamented the erosion of judicial independence. "With the 26th constitutional amendment, we subordinated the judiciary. We bled for their independence, but now verdicts are known in advance, even by the media." "We haven't learned from the 1971 tragedy, when power was denied to the winning Awami League. Today, someone who won 180 seats is in jail. This is tyranny. We will never allow our motherland to be harmed." Citing historical injustices, Khosa said, "Justice Mushtaq who sentenced [Zulfikar Ali] Bhutto has been judged by history. Judges must serve justice now."
CTV News
17-07-2025
- Politics
- CTV News
Canada's Constitution one of the most difficult to amend in the world: professor
Watch University of Toronto professor David Schneiderman discusses the complex process of amending Canada's constitution, and what Alberta would hope to achieve.
Yahoo
12-07-2025
- Politics
- Yahoo
Local doctor indicted on ethnic intimidation in threats against Jewish-American congressman Max Miller
[Watch previous FOX 8 News coverage in the player above.] CLEVELAND (WJW) — A local doctor accused of threatening to kill U.S. Rep. Max Miller (R-Rocky River) and his family in an 'antisemitic' rant on a local highway has been indicted on new felony charges. Miller, who is Jewish-American, in a June social media post claimed that while he was on his way to work, the man tried to run him off the highway, while showing him a photo of a Palestinian flag on a cell phone and yelling 'Death to Israel' and another profane remark against Jewish people. Italy outraged at killing of police bloodhound, found dead after eating food laced with nails It happened just before 9:30 a.m. on June 19, 2025, on Interstate 90 East in Rocky River, according to authorities. Feras S. Hamdan, 36, of Avon, was initially charged with misdemeanor counts of ethnic intimidation and aggravated menacing in the Rocky River Municipal Court, to which he pleaded not guilty and was handed a $500,000 bond. A Cuyahoga County grand jury has since indicted him on felony counts of ethnic intimidation and tampering with evidence, as well as misdemeanor counts of aggravated menacing and menacing. 'Threatening violence towards an elected official and their family is unacceptable and will not be tolerated,' Prosecutor Michael O'Malley is quoted in the release. 'This type of mindless behavior is happening all too frequently in our country and it must come to an end. We are thankful no one was injured during this incident and for the exceptional investigation by the Rocky River Police Department which led to this prompt arrest and indictment.' Prosecutors allege Hamdan pulled up alongside Miller in his vehicle, honked his horn, then swerved into Miller's vehicle, causing Miller to swerve to avoid him. Miller then slowed down and drove next to Miller's car, and began threatening him and his family. Miller got off the highway and called 911. Hamdan followed, stopped near him and continued yelling at him, then fled the scene, according to the release. Hamdan recorded part of the interaction on his phone, sent that recording to others, then deleted it, according to county prosecutors. Former East Cleveland councilman sentenced after being found guilty in corruption case Hamdan later surrendered at the Rocky River Police Department and was booked into the Rocky River jail, according to police. At Hamdan's arraignment the day after the incident, Rocky River Prosecutor Michael O'Shea said authorities were still working to obtain the aforementioned cell phone for evidence. Speaking in open court, he warned that anyone suspected of tampering with the phone could face a felony charge more serious than the charges against Hamdan. Hamdan's attorney, Issa Elkhatib of Cleveland, said at Hamdan's arraignment last month that they would not surrender the phone, considering it a violation of Hamdan's First and Fourth amendment rights. Elkhatib said Hamdan is a natural-born U.S. citizen, a licensed physician with his own private practice and 'a model community member who has never committed a crime in his life.' Hamdan is set to be arraigned 'at a later date,' reads the release. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Recorder
02-07-2025
- Health
- Business Recorder
Population projected to exceed 386m mark by 2050: minister
ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal expressed his serious concern over the current annual population growth rate of 2.55 per cent, after the meeting he was chairing on Wednesday was told that Pakistan's population is projected to exceed 386 million by 2050. The high-level meeting on population management concluded with consensus on establishing a National Population Commission under the leadership of the prime minister, with representation from all four provinces. Minister Iqbal instructed the stakeholders that the proposed commission be tasked with setting targets, ensuring accountability, and driving a unified national strategy on population management. The minister said that population is a provincial subject after 18th amendment, and provinces are responsible for service delivery in family planning and reproductive health, population dynamics affect national priorities. 'Without national coordination and strategic alignment, fragmented efforts will continue to under deliver.' The minister also highlighted that Pakistan's population challenge poses numerous problems in the lives of millions of young people entering adulthood 'without access to quality education, skills training, or meaningful employment.' 'Population planning has far-reaching consequences on all aspects of a citizen's life—health, education, employment. Everything depends on the size of the family,' said Iqbal. Highlighting the demographic challenge, he noted that Pakistan is now the fifth most populous country in the world, with 80 per cent of the population under the age of 40 and 66 per cent below 30. 'These figures are alarming,' he said, stressing that the federal and provincial governments must work in unison to address the growing crisis. The meeting brought together key stakeholders from government and international organisations, including Health Minister Mustafa Kemal, Religious Affairs Minister Sardar Muhammad Yousaf, Information Minister Attaullah Tarar, Senator Rubina Khalid, Chairperson of BISP, and Senator Sherry Rehman who attended online. Dr Zeba Sattar, Country Director of the Population Council; Dr Luay Shabaneh, UNFPA Representative in Pakistan; Dapeng Lu, WHO Representative; Dr Samia Rizwan from Maternal Newborn and Child Health Project, UNICEF; and Dr Soofia, DG Population, Ministry of Health participated in the meeting. Provincial health secretaries and population welfare department directors also attended online. Planning Minister's Member Social Sector Dr Saima Bashir coordinated the meeting and presented a briefing during which she stated that key facts. Forty percent of our population has never attended school, and only 25 percent of women are in the labour force, she stated. Emphasising on the structural problem in the current National Finance Commission Award Formula, he stated that the criteria of 82 per cent provincial share based on population size creates a perverse disincentive for provinces. The current criteria mean that reducing population growth could reduce the future fiscal allocations of provinces. The minister further said, 'Without revisiting this formula, provincial commitment to population stabilisation will remain weak.' Federal Minister Iqbal directed the Pakistan Bureau of Statistics to provide disaggregated data by province to identify problem areas more precisely. He stated that the results of Digital Census of 2023 showed that Pakistan's population has now reached 241.49 million, with a growth rate of 2.55 per cent. This marks a significant increase of 33.82 million people since the 2017 census. The meeting discussed Planning Ministry's proposal for creation of a high-powered commission led by the prime minister and comprising all four chief ministers to tackle the unprecedented problem of population management. Senator Sherry Rehman underscored the urgency of the population growth crisis, stating, 'Every 50 minutes, a woman in Pakistan loses her child during childbirth.' She supported the creation of a high-powered commission led by the prime minister and comprising all four Chief ministers, noting that a national emergency could be declared after its first meeting. The fragmentation of responsibilities following the 18th Amendment was cited by Information Minister Attaullah Tarar as a major obstacle. He also stressed that the influence of religious clerics continues to hinder population control efforts and advocated for area-specific campaigns targeting rural women at places like utility stores, basic health units, and markets. 'With 54 million TikTok users in Pakistan, social media is an untapped asset for public service messaging,' he added. Minister for Religious Affairs Sardar Muhammad Yousaf supported leveraging the Council of Common Interests and religious leadership to promote responsible family planning. Senator Rubina Khalid called for a wide-reaching awareness drive led by the Ministry of Information and offered BISP's support for counselling and outreach across the country. 'We must raise this issue at every forum, including Parliament,' she said. Dr Zeba Sattar noted that previous task forces lacked executive power and therefore failed to create meaningful impact. 'It's not about individual effort; we need institutional strength and mandate,' she stated. Dr Samia Rizwan of UNICEF warned that maternal and newborn health campaigns often fail to reach grassroots levels and highlighted the staggering figure of 30 newborn deaths every hour. 'Government investment is crucial. The process starts before a child is born. Communities must be made custodians of the issue,' she said. Copyright Business Recorder, 2025
