Latest news with #projectdevelopment
Yahoo
a day ago
- Business
- Yahoo
Pulsar Helium Announces Receipt of Non-Binding US$12.5 Million Project Financing Expression of Interest from University Bank, Michigan
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS. CASCAIS, PT / / August 15, 2025 / Pulsar Helium Inc. (AIM:PLSR)(TSXV:PLSR)(OTCQB:PSRHF) ("Pulsar" or the "Company"), a leading helium project development company, is pleased to announce that University Bank, a Michigan-based banking company wholly owned by University Bancorp, Inc., has provided a non-binding expression of interest to provide Pulsar with project financing of up to US$12.5 million for the construction of a helium processing plant at the Company's wholly owned Topaz project in Minnesota, USA. University Bancorp, Inc. currently holds approximately 4.9% of Pulsar's issued share capital. The Company also announces that University Bancorp, Inc. has extended the maturity date of the existing US$4 million project financing facility line of credit provided to Pulsar's subsidiary Keewaydin Resources, Inc. from March 31, 2026, to November 30, 2026, in consideration for a 0.75% extension fee on the current drawn amount of US$2.5 million (US$18,750), with the fee payable at maturity. Thomas Abraham-James, President & CEO of Pulsar, commented: "We are extremely grateful for University Bank's continued support and confidence in Pulsar. Their financing interest of lending Pulsar up to US$12.5 million for the construction of a helium processing plant marks another important step towards delivering the Topaz project into production. This potential funding, alongside the extension of our existing line of credit, strengthens our ability to move forward decisively with construction planning and execution." The closing (the "Closing") of the proposed financing facility, which is subject to negotiation of definitive documentation and the satisfaction of specific conditions precedent (set out below), would bear interest at 12% per annum, with interest-only payments for the first twenty-four (24) months, followed by a full amortisation over five (5) years, with final maturity after seven (7) years. A 2% fee would be earned at Closing and payable at the end of the interest-only period. Conditions to be satisfied prior to Closing include: Issuance of a final report by an independent resource estimator confirming sufficient proven helium reserves at the Topaz project to support a the construction of a helium plant; Receipt of all permits and legal title required for production at the Topaz project; Availability of sufficient working capital to fund the remaining plant construction costs and operations at the Topaz project through completion and for six months thereafter; and Approval by the Board of Directors of University Bank. The proposed financing is non-binding and remains subject to negotiation of definitive agreements, satisfaction of all conditions precedent, and customary regulatory approvals. On behalf Pulsar Helium Inc. "Thomas Abraham-James"President, CEO and Director Further Information: Pulsar Helium 1 (218) 203-5301 (USA/Canada)+44 (0) 2033 55 9889 (United Kingdom) Strand Hanson Limited(Nominated & Financial Adviser, and Joint Broker)Ritchie Balmer / Rob Patrick+44 (0) 207 409 3494 OAK Securities*(Joint Broker)Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate Advisory)info@ 203 973 3678*OAK Securities is the trading name of Merlin Partners LLP, a firm incorporated in the United Kingdom and regulated by the UK Financial Conduct Authority. Yellow Jersey(Financial PR)Charles Goodwin / Annabelle Wills+44 777 5194 357pulsarhelium@ About Pulsar Helium Inc. Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. 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 release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Forward-Looking Statements This news release and the interview contains forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating relating to the expected satisfaction of the conditions precedent for the project financing, negotiation of a definitive agreement and Closing of the project financing, payment of extension fee, commercial production of the Topaz project, and results of operations. Forward-looking statements may involve estimates and are based upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to fund the Company's future capital and operating requirements and the ability to obtain all requisite regulatory approvals. No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. No un-risked Contingent and Prospective Helium Volumes have been defined at the Tunu Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance. Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting exploration, including that drill costs may be higher than estimates ; commodity prices; health, safety and environmental factors; and other factors set forth above as well as under "Cautionary Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the AIM Admission Document published on October 14, 2024 found on the Company's web site at Forward-looking statements contained in this news release are as of the date of this news release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. SOURCE: Pulsar Helium Inc. View the original press release on ACCESS Newswire Error 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
Globe and Mail
09-07-2025
- Business
- Globe and Mail
Troilus Appoints Mining Executive Rob Doyle as Strategic Advisor Ahead of Construction Phase
MONTREAL, July 09, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. ('Troilus' or the 'Company') (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) is pleased to announce the appointment of Mr. Rob Doyle as Strategic Advisor to the CEO and Chairman, effective August 1, 2025. A highly respected executive in the global mining sector, Mr. Doyle will provide strategic, financial and operational guidance as the copper-gold Troilus Project advances toward construction and long-term production. Mr. Doyle brings more than 25 years of experience in international mining finance, corporate strategy and project development. He is best known as an executive and long-time Chief Financial Officer of Pan American Silver Corp., where over an 18-year tenure he helped grow the company from inception to a multi-billion-dollar producer, building multiple mines and leading numerous large-scale M&A transactions. Most recently, he served as CFO of SilverCrest Metals Inc., acquired by Coeur Mining in a $1.7 billion transaction earlier this year. Earlier in his career, he was the Senior Vice President of Mining Finance and Metals Marketing for Standard Bank, where he structured financing and advisory transactions for mining companies across the Americas. In his advisory role, Mr. Doyle will work closely with the Company's executive and finance teams to help ensure operational readiness, robust internal controls, and disciplined financial strategy as Troilus transitions into its next phase of growth. His mandate includes strategic support on financial governance, project financing, risk management, and systems optimization - all with the goal of ensuring the Company is well-positioned for construction and beyond. Justin Reid, CEO of Troilus, commented, 'Rob's experience speaks for itself - he has been at the helm of some of the most successful mine builds and financings in our industry and his perspective will be invaluable as we finalize our development plans and prepare to execute. Having Rob on board strengthens our internal capacity and sharpens our focus as we aim to build one of the next major Canadian copper-gold producers. We're thrilled to have him join our team at this pivotal time.' Mr. Doyle currently serves as a board member and Audit Chair of several TSX and NYSE-listed mining companies, and was named BC CFO of the Year (Large Public Company) by Business in Vancouver in 2019. He holds a in Finance from the University of Cape Town, is a Chartered Accountant (SA), CFA charterholder, and holds the ICD.D designation from the Institute of Corporate Directors. Troilus is advancing one of Canada's largest undeveloped gold-copper projects in Quebec. With a Feasibility Study completed in 2024 and the Environmental and Social Impact Assessment submitted last month, the Company is targeting a construction decision in 2026. Key project financing milestones are advancing in parallel, including an indicative offtake agreement with leading European smelter, Aurubis, as part of a structured project financing process led by a syndicate of international financial institutions (see press releases from March 13, 2025, June 18, 2025). About Troilus Gold Corp. Troilus Gold Corp. is a Canadian development-stage mining company focused on the systematic advancement of the former gold and copper Troilus Mine towards production. Troilus is located in the tier-one mining jurisdiction of Quebec, Canada, where it holds a large land position of 435 km² in the Frôtet-Evans Greenstone Belt. A Feasibility Study completed in May 2024 supports a large-scale 22-year, 50ktpd open-pit mining operation, positioning it as a cornerstone project in North America. For more information: Caroline Arsenault VP Corporate Communications +1 (647) 276-0050 info@ Cautionary Note Regarding Forward-Looking Statements and Information This press release contains 'forward-looking statements' within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the impact of the appointment on the Company, the likelihood that the Company will be able to negotiate a definitive offtake agreement on the terms and timeline indicated or at all, the likelihood that binding funding commitments will follow on the timeline projected or at all, the likelihood that ECAs will provide financing and guarantees, advancing towards a fully funded construction package, the expected capacity of the Troilus Gold-Copper Project development plans to advance the Troilus project towards construction, the impact of due diligence on structuring a definitive project debt package, the likelihood of structuring a definitive project debt package with financial close on stated timeline or at all, structuring, identifying, and engaging potential financing participants, development plans, opportunity to expand the scale of the project, the project becoming a cornerstone mining project in Noth America; the development potential and timetable of the project. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'continue', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'will', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performances or achievements of Troilus to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Troilus will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Troilus to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: there being no assurance that the exploration program or programs of the Company will result in expanded mineral resources; risks and uncertainties inherent to mineral resource and reserve estimates; the high degree of uncertainties inherent to feasibility studies and other mining and economic studies which are based to a significant extent on various assumptions; variations in gold prices and other metals, exchange rate fluctuations; variations in cost of supplies and labour; receipt of necessary approvals; availability of financing for project development; uncertainties and risks with respect to developing mining projects; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry, including without limitation, risks and uncertainties discussed in the Company's latest Annual Information Form, its technical reports and other continuous disclosure documents of the Company available under the Company's profile at Although Troilus has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Troilus does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
Yahoo
01-06-2025
- Business
- Yahoo
Carney has 'nation-building projects' on his mind as he meets with premiers in Saskatoon
Prime Minister Mark Carney's main focus will be on project development as he sits down with provincial and territorial premiers this week. First ministers are gathering in Saskatoon Monday for the first time since the April 28 federal election. Carney told CBC's Power & Politicsin an exclusive interview last week that "major projects" will be his main agenda item for Monday's meeting. WATCH | Carney on U.S. relations, his government's ambitions: "We need to move on these nation-building projects. So projects that bring Canada together, projects that diversify our economy, projects that help us export to new markets and really move this economy forward," Carney told host David Cochrane. "The ask of provinces, the ask of the private sector is: Which projects do you have that reach those criteria? What we're going to do is fast-track the approval, truly fast-track the approval, of those projects." Project approval was a significant part of last week's throne speech read by King Charles. The speech promised to "unleash a new era of growth" by creating a federal project review office and reducing regulatory reviews "from five years to two." The Liberals are aiming to introduce legislation this month that would introduce "up-front regulatory approvals" to major projects in the national interest, according to a federal document CBC News obtained. A number of provinces and territories have already begun floating ideas for major economic projects that they'd like to see happen. N.W.T. Premier R.J. Simpson said his region has "not had the same type of investment in infrastructure that the rest of Canada has seen" during an interview on Rosemary Barton Live that aired Sunday. Simpson said his territory and Nunavut are pursuing a road through the Slave Geological Province, which would connect western Nunavut and an area in the Northwest Territories believed to be rich in minerals. "That's a project that's been talked about for generations, for decades, [but] hasn't advanced yet. So that is one I'm really excited about," Simpson told host Rosemary Barton. Saskatchewan Premier Scott Moe said on Rosemary Barton Live he hopes discussions begin "on what a regulatory process would be moving forward that would provide certainty for the investment into industries that are creating value and provide us as Canadians with that opportunity to become the strongest economy in the G7." "In the meantime, if we have to prioritize projects, that is what it is, but that in itself is an admission that the current regulatory processes need changes and I think that is the broader goal that I would have coming out of this tomorrow and over the next couple of months," he said. Western premiers met last month to discuss a range of issues that included energy, Arctic security and economic corridors. Specifically, the premiers called for Carney's "full support for the development of an economic corridor connecting ports on the northwest coast and Hudson's Bay." Manitoba Premier Wab Kinew wrote to Carney shortly after the election, voicing his support for a similar economic corridor that includes Manitoba's Port of Churchill. He said such a corridor could help western provinces get resources to international markets. WATCH | Kinew says Carney must 'signal seriousness to Western Canada': "If we sit around talking about politics, it's going to be like the family dinner table. We're always going to be arguing. But if we get down to work and we choose some economic projects to build the country — that's how we bring people together," Kinew said in a separate interview on Power & Politics last week. "When we get together for our formal first ministers' meeting with the prime minister, I think you're going to see a unity of purpose." Like Kinew, Ontario Premier Doug Ford wrote to Carney laying out his ideas for major projects that he would like to see developed, including critical mineral deposits in Ontario's Ring of Fire. Moe also sent a list of priorities to the prime minister that included the expansion of pipeline projects. Alberta Premier Danielle Smith sent a letter to Carney in mid-May and said the prime minister has "the opportunity to address serious issues plaguing Canada's economic well-being — and the very real sense of alienation felt across the west." Smith said there are several preconditions necessary to make Carney's nation-building ambitions a success: Include an oil pipeline on the initial list of nation-building projects, abandon the "unconstitutional" oil and gas emissions cap, overhaul the Impact Assessment Act and repeal Canada's industrial carbon tax as well as clean electricity regulations. The Alberta premier also said she's appointed a provincial negotiating team and called on Carney and B.C. Premier David Eby to do the same. "A collaborative approach between the relevant federal departments and the Governments of Alberta and British Columbia that enables a common understanding of project economics, barriers and opportunities will be critical to reaching a positive outcome," Smith said. Carney told Power & Politics that he's seeking to have projects compete for federal approval, with the best ideas winning out. "In effect, we're going to have a competition with projects. Some projects are good ideas, but they're not ready. Others are ready, but they're bad ideas," he said. Carney had previously met with premiers in March and committed to removing internal trade barriers by July 1.
CBC
01-06-2025
- Business
- CBC
Carney has 'nation-building projects' on his mind as he meets with premiers in Saskatoon
Prime Minister Mark Carney's main focus will be on project development as he sits down with provincial and territorial premiers this week. First ministers are gathering in Saskatoon Monday for the first time since the April 28 federal election. Carney told CBC's Power & Politics in an exclusive interview last week that "major projects" will be his main agenda item for Monday's meeting. WATCH | Carney on U.S. relations, his government's ambitions: Carney talks U.S. relations, his government's ambitions in exclusive interview | Power & Politics 4 days ago Duration 21:01 Prime Minister Mark Carney sat down for a wide-ranging one-on-one interview with CBC's Power & Politics host David Cochrane on Tuesday. Carney addressed Canada's current relationship with the U.S. along with the challenges ahead for his new government, including housing affordability and separatist sentiment in Alberta. "We need to move on these nation-building projects. So projects that bring Canada together, projects that diversify our economy, projects that help us export to new markets and really move this economy forward," Carney told host David Cochrane. "The ask of provinces, the ask of the private sector is: Which projects do you have that reach those criteria? What we're going to do is fast-track the approval, truly fast-track the approval, of those projects." Project approval was a significant part of last week's throne speech read by King Charles. The speech promised to "unleash a new era of growth" by creating a federal project review office and reducing regulatory reviews "from five years to two." The Liberals are aiming to introduce legislation this month that would introduce "up-front regulatory approvals" to major projects in the national interest, according to a federal document CBC News obtained. A number of provinces have already begun floating ideas for major economic projects that they'd like to see happen. Western premiers met last month to discuss a range of issues that included energy, Arctic security and economic corridors. Specifically, the premiers called for Carney's "full support for the development of an economic corridor connecting ports on the northwest coast and Hudson's Bay." Manitoba Premier Wab Kinew wrote to Carney shortly after the election, voicing his support for a similar economic corridor that includes Manitoba's Port of Churchill. He said such a corridor could help western provinces get resources to international markets. WATCH | Kinew says Carney must 'signal seriousness to Western Canada': Premier Kinew says Carney must 'signal seriousness to Western Canada' through investment 5 days ago Duration 10:39 Manitoba Premier Wab Kinew says the Carney government has shown an 'openness to collaborate' with western premiers, and is calling for 'national unity projects' to be discussed at next week's first ministers' meeting in Saskatoon. "If we sit around talking about politics, it's going to be like the family dinner table. We're always going to be arguing. But if we get down to work and we choose some economic projects to build the country — that's how we bring people together," Kinew said in a separate interview on Power & Politics last week. "When we get together for our formal first ministers' meeting with the prime minister, I think you're going to see a unity of purpose." Like Kinew, Ontario Premier Doug Ford wrote to Carney laying out his ideas for major projects that he would like to see developed, including critical mineral deposits in Ontario's Ring of Fire. Saskatchewan Premier Scott Moe also sent a list of priorities to the prime minister that included the expansion of pipeline projects. Carney told Power & Politics that he's seeking to have projects compete for federal approval, with the best ideas winning out. "In effect, we're going to have a competition with projects. Some projects are good ideas, but they're not ready. Others are ready, but they're bad ideas," he said.
