Latest news with #Cascadia
Malaysian Reserve
4 days ago
- Business
- Malaysian Reserve
Cascadia Announces Closing of C$3M Private Placement
VANCOUVER, BC, Aug. 15, 2025 /CNW/ – Cascadia Minerals Ltd. ('Cascadia') (TSXV:CAM) (OTCQB:CAMNF) is pleased to announce that is has closed its previously announced non-brokered private placement (the 'Placement') for total proceeds of C$3,000,000 (see news release dated July 24, 2025 for more details). The Placement consisted of the sale of 13,043,479 common shares (each a 'FT Share') at a price of $0.23 per FT Share for total gross proceeds of $3,000,000. Each FT Share will qualify as a 'flow-through share' within the meaning of subsection 66(15) of the Income Tax Act (Canada) ('Tax Act'). The FT Shares are subject to a hold period under applicable Canadian securities laws until December 16, 2025. 'With this financing and the Granite Creek acquisition completed we are fully funded to complete our first phase of resource expansion work at the Carmacks project,' stated Graham Downs, Cascadia's President and CEO. 'Work is scheduled to commence in early September, with two drills booked and up to 4,000 m of drilling planned this fall. Our technical team continues to review the Carmacks project data, and has identified numerous compelling step-out targets around the existing resource. We're excited to have work underway shortly at this road-accessible property with existing infrastructure and a low cost of drilling.' The gross proceeds from the issuance and sale of the FT Shares will be used for 'Canadian exploration expenses' that qualify as 'flow-through critical mineral mining expenditures', as both terms are defined in the Tax Act (the 'Qualifying Expenditures'). The Qualifying Expenditures will be incurred on or before December 31, 2026, and will be renounced to the subscribers with an effective date no later than December 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issuance of the FT Shares. No finder's fees were paid on any portion of the Placement. The proceeds from the Placement will be used for critical minerals exploration on Cascadia's Yukon properties, primarily at the Carmacks Project. About Cascadia Cascadia's flagship asset is the Carmacks Project in the high-grade Minto copper district in Yukon Territory, Canada. The project is located 35km south of the past-producing Minto mine, which was recently acquired by Selkirk Copper Mines. The Carmacks Project hosts a Measured and Indicated Resource containing 651 Mlbs of copper and 302 koz of gold (36.3 million tonnes grading 0.81 % copper, 0.26 g/t gold, and 3.23 g/t silver and 0.01% molybdenum) with a 2023 PEA demonstrating positive economic potential ($230.5M Post-Tax NPV(5%) and 29% Post-Tax IRR). Cascadia also has a pipeline of discovery stage copper-gold properties throughout the Yukon Stikine Terrane including its Catch Property, which hosts a copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization (116.60 m of 0.31% copper with 0.30 g/t gold). Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver. QA/QC The technical information in this news release has been approved by Andrew Carne, VP Corporate Development for Cascadia and a qualified person for the purposes of National Instrument 43-101. Prospecting grab samples referenced in this release represent highlight results only, and include results from 2024 and previous seasons. Below detection values for copper, gold and silver have been encountered in grab samples in these target areas. For more details on Catch drilling and prospecting results, please see Cascadia's News Releases dated July 25, 2024, and July 19, 2023. The Mineral Resources and economic analysis disclosed here are referenced from the 2023 Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS Canada Inc. for Granite Creek Copper. Pricing for the Carmacks Project PEA base case economic analysis was US $3.75/lb copper, US $1,800/oz gold, and US $22/oz silver at an exchange rate of $1:US$0.75. The results of the Carmacks preliminary economic assessment are preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. Cautionary note regarding forward-looking statements: This press release may contain 'forward-looking information' within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. Cascadia and Granite Creek undertake no obligation to update forward-looking information, except as required by securities laws.
Cision Canada
4 days ago
- Business
- Cision Canada
Cascadia Announces Closing of C$3M Private Placement
VANCOUVER, BC, /CNW/ - Cascadia Minerals Ltd. (" Cascadia") (TSXV: CAM) (OTCQB:CAMNF) is pleased to announce that is has closed its previously announced non-brokered private placement (the " Placement") for total proceeds of C$3,000,000 (see news release dated July 24, 2025 for more details). The Placement consisted of the sale of 13,043,479 common shares (each a " FT Share") at a price of $0.23 per FT Share for total gross proceeds of $3,000,000. Each FT Share will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (" Tax Act"). The FT Shares are subject to a hold period under applicable Canadian securities laws until December 16, 2025. "With this financing and the Granite Creek acquisition completed we are fully funded to complete our first phase of resource expansion work at the Carmacks project," stated Graham Downs, Cascadia's President and CEO."Work is scheduled to commence in early September, with two drills booked and up to 4,000 m of drilling planned this fall. Our technical team continues to review the Carmacks project data, and has identified numerous compelling step-out targets around the existing resource. We're excited to have work underway shortly at this road-accessible property with existing infrastructure and a low cost of drilling." The gross proceeds from the issuance and sale of the FT Shares will be used for "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures", as both terms are defined in the Tax Act (the " Qualifying Expenditures"). The Qualifying Expenditures will be incurred on or before December 31, 2026, and will be renounced to the subscribers with an effective date no later than December 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issuance of the FT Shares. No finder's fees were paid on any portion of the Placement. The proceeds from the Placement will be used for critical minerals exploration on Cascadia's Yukon properties, primarily at the Carmacks Project. About Cascadia Cascadia's flagship asset is the Carmacks Project in the high-grade Minto copper district in Yukon Territory, Canada. The project is located 35km south of the past-producing Minto mine, which was recently acquired by Selkirk Copper Mines. The Carmacks Project hosts a Measured and Indicated Resource containing 651 Mlbs of copper and 302 koz of gold (36.3 million tonnes grading 0.81 % copper, 0.26 g/t gold, and 3.23 g/t silver and 0.01% molybdenum) with a 2023 PEA demonstrating positive economic potential ($230.5M Post-Tax NPV (5%) and 29% Post-Tax IRR). Cascadia also has a pipeline of discovery stage copper-gold properties throughout the Yukon Stikine Terrane including its Catch Property, which hosts a copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization (116.60 m of 0.31% copper with 0.30 g/t gold). Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver. QA/QC The technical information in this news release has been approved by Andrew Carne, VP Corporate Development for Cascadia and a qualified person for the purposes of National Instrument 43-101. Prospecting grab samples referenced in this release represent highlight results only, and include results from 2024 and previous seasons. Below detection values for copper, gold and silver have been encountered in grab samples in these target areas. For more details on Catch drilling and prospecting results, please see Cascadia's News Releases dated July 25, 2024, and July 19, 2023. The Mineral Resources and economic analysis disclosed here are referenced from the 2023 Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS Canada Inc. for Granite Creek Copper. Pricing for the Carmacks Project PEA base case economic analysis was US $3.75/lb copper, US $1,800/oz gold, and US $22/oz silver at an exchange rate of $1:US$0.75. The results of the Carmacks preliminary economic assessment are preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. Cautionary note regarding forward-looking statements: This press release may contain "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. Cascadia and Granite Creek undertake no obligation to update forward-looking information, except as required by securities laws. SOURCE Cascadia Minerals Ltd.
Cision Canada
6 days ago
- Business
- Cision Canada
Cascadia and Granite Creek Complete Business Combination
VANCOUVER, BC, Aug. 13, 2025 /CNW/ - Cascadia Minerals Ltd. (" Cascadia") (TSXV: CAM) (OTCQB: CAMNF) and Granite Creek Copper Ltd. (" Granite Creek") (TSXV: GCX) (OTCQB: GCXXF) are pleased to announce the acquisition by Cascadia of all of the issued and outstanding common shares of Granite Creek (the " Granite Creek Shares") pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the " Arrangement"). The Arrangement, which became effective as of today's date, merges Granite Creek into Cascadia to create a leading Yukon copper-gold exploration and development company. Graham Downs, President and CEO of Cascadia, commented: "We are very excited to complete this merger, and we welcome Granite Creek Shareholders to Cascadia. The combined property portfolio provides our shareholders with exposure to an advanced-stage copper-gold deposit at the Carmacks Property and a compelling collection of discovery-stage copper-gold and epithermal gold projects throughout Yukon's underexplored Stikine Terrane. Planning is well underway for a fully-funded fall drill program at Carmacks that will focus on step-out drilling near high-grade portions of the deposit. In the meantime, crews are conducting prospecting work at our Macks, Milner, Idaho Creek and Rosy properties while we await results from our spring drilling at Catch". Upon completion of the Arrangement, each Granite Creek shareholder received 0.25 (the " Exchange Ratio") of a Cascadia common share (each whole share, a " Cascadia Share") in exchange for each previously held Granite Creek Share, with Cascadia issuing a total of 53,070,848 million Cascadia Shares to former Granite Creek shareholders. Pursuant to the transaction, previously outstanding stock options of Granite Creek have been exchanged for 3,747,500 stock options of Cascadia, and warrants to acquire Granite Creek Shares have been adjusted to permit their holders to acquire a total of 11,036,291 Cascadia Shares, in each case by applying the Exchange Ratio to the number and exercise prices of such options and warrants. Board of Directors of the Combined Company Timothy Johnston, Granite Creek's former President and CEO has joined Cascadia's board of directors. James Sabala and Kurt Allen have resigned from Cascadia's board of directors. Cascadia would like to thank Mr. Sabala and Mr. Allen for their valuable contributions, and wish them well in their future endeavours. Subscription Receipt Financing Further to the private placement announced in Cascadia's June 9, 2025, news release and closed on July 3, 2025, a total of 14,459,894 subscription receipts have been converted into Cascadia Shares and warrants (" Warrants"), and gross proceeds of C$2,024,385 have been released to Cascadia. The Cascadia Shares and Warrants issued in relation to the subscription receipts are not subject to a resale hold period in Canada. Each Warrant will entitle the holder thereof to purchase an additional Cascadia Share at a price of $0.24 per share until August 13, 2027. Cascadia has agreed to pay cash finders' fees totaling $82,223 and issued a total of 587,308 finder warrants (" Finder Warrants") to finders comprising Castlewood Capital Corp., Consultant Financier Integritas Inc., Ventum Financial Corp., and BT Global Growth Inc. in connection with the subscription receipt financing. The finders are each at arm's length to Cascadia. Each Finder Warrant shall be exercisable on the same terms as the Warrants. The payment of these finder's fees is subject to receipt of TSXV approval. Additional Information about the Arrangement Further information regarding the Arrangement is set out in the news releases of Cascadia and Granite Creek dated June 9, 2025 and which has been publicly filed by Cascadia and Granite Creek under their respective profiles on SEDAR+ at and the management information circular of Granite Creek dated July 4, 2025 (the " Circular") which has been publicly filed under Granite Creek's profile on SEDAR+ at About Cascadia Cascadia's flagship asset is the Carmacks Project in the high-grade Minto copper district in Yukon Territory, Canada. The project is located south of and within 35km of the past-producing Minto mine, which was recently acquired by Selkirk Copper Mines. The Carmacks Project hosts a Measured and Indicated Resource containing 651 Mlbs of copper and 302 koz of gold (36.3 million tonnes grading 0.81 % copper, 0.26 g/t gold, and 3.23 g/t silver and 0.01% molybdenum) with a 2023 PEA demonstrating positive economic potential ($230.5 M Post-Tax NPV (5%) and 29% Post-Tax IRR). Cascadia also has a pipeline of discovery stage copper-gold properties throughout the Yukon Stikine Terrane including its Catch Property, which hosts a copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization (116.60 m of 0.31% copper with 0.30 g/t gold). Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver. QA/QC The technical information in this news release has been approved by Andrew Carne, VP Corporate Development for Cascadia and a qualified person for the purposes of National Instrument 43-101. Prospecting grab samples referenced in this release represent highlight results only, and include results from 2024 and previous seasons. Below detection values for copper, gold and silver have been encountered in grab samples in these target areas. For more details on Catch drilling and prospecting results, please see Cascadia's News Releases dated July 25, 2024, and July 19, 2023. The Mineral Resources and economic analysis disclosed here are referenced from the 2023 Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS Canada Inc. for Granite Creek Copper. Pricing for the Carmacks Project PEA base case economic analysis was US $3.75/lb copper, US $1,800/oz gold, and US $22/oz silver at an exchange rate of $1:US$0.75. The results of the Carmacks preliminary economic assessment are preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. Cautionary note regarding forward-looking statements: This press release may contain "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. Cascadia and Granite Creek undertake no obligation to update forward-looking information, except as required by securities laws.
New York Times
7 days ago
- Sport
- New York Times
NWSL's coaching PR problem. Plus: A very awkward moment in Chicago
Full Time Newsletter ⚽| This is The Athletic's weekly women's soccer newsletter. Sign up here to receive Full Time directly in your inbox. Across its 16 teams, the NWSL has two open head coaching positions and only three women in the role permanently. This is somewhat relevant today. Let's get into: 🥊 Rivalry weekend fizzles Advertisement ❓ North Carolina's bizarre PR move 🇪🇸 Spain's new head coach Welcome to Full Time! Here's what went down this weekend: Cascadia rises above the rest What makes a rivalry? As Tamerra said on the 'Full Time' podcast last week, it's a question akin to the internet meme, 'Is a hot dog a sandwich?' because it's in the eye of the beholder. While one matchup showed why history matters, the NWSL's inaugural rivalry week otherwise fell flat. (Tip: Read to the end to see the cringiest moment of the weekend.) As we mentioned last week, there were really only three potential rivalries on the schedule. San Diego Wave versus Angel City had the proximity element, but was missing key figures and history between the two expansion clubs. On Saturday, the teams remained level until the 85th minute when Makenzy Robbe scored for the Wave. Australian forward Alanna Kennedy found the equalizer, and her first goal of the season, in the 92nd minute, but even late-game fireworks couldn't save the SoCal Derby from falling short of its potential. Earlier in the day, Gotham FC vs. Washington Spirit had the key figures, including a second-half appearance from Trinity Rodman. It also had the proximity element and some history (does last year's semifinal battle count?). However, the midday game felt more like a summer tournament hangover, featuring several Euro 2025 stars and ending in a scoreless draw. It didn't exactly scream animosity when Gotham's home crowd cheered Rodman's entrance, either. When all else fails, however, the Cascadia Rivalry is there. Seattle Reign and Portland Thorns met for the 43rd time across all competitions on Sunday in a thrilling 4-2 weekend finale. A season-high crowd of 21,811 fans watched the foes square off with plenty of goals, badge pointing and legends of the matchup, Megan Rapinoe and Christine Sinclair, in the stands. You know the marketing angle hasn't overtaken the organic development of the intense pettiness it takes to spark a rivalry when even Alex Morgan is shrugging her shoulders at some of the league-declared rivalries during mid-game interviews in San Diego. And honestly, isn't that a good thing? Personally, I had high hopes for Utah Royals vs. Kansas City Current in light of Ally Sentnor's recent trade. And while she was booed when she came off the bench, the 1-0 result didn't exactly live up to the ferocity of a bitter rivalry. Advertisement Here's where things stand after week 15. What's happening in North Carolina? Head coaches became the topic of last week after the North Carolina Courage abruptly fired Sean Nahas. The 47-year-old had been with the club as an assistant since 2017 and moved into the head coaching role on an interim basis in 2021 following the firing of Paul Riley. By the 2022 season, he was promoted to the role permanently. He had an overall record of 36-35-19. The club announced it let Nahas go with a terse, 39-word statement on Wednesday. The following day, the club tried to quell reporters' curiosities during a press conference where Courage sporting director Ceri Bowley repeated that there were 'a multitude of factors' for Nahas' termination. The press conference at times grew combative when reporters pressed for specifics, and the club refused to share much beyond how its standards were not being met by Nahas. Following the Courage's 2-1 loss to Houston Dash on Friday night in Texas, the club clarified in a statement its reasons for his firing, citing 'confounding performance issues, culture issues, and a perceived lack of fit that created an environment that club leadership felt was untenable to the point that change was necessary at the head coaching position.' Yes, much clearer. Former assistant coach Nathan Thackeray was elevated to interim head coach following Nahas' departure and led the Courage against the Dash on Friday night. The Courage currently sits ninth in the NWSL standings, with a record of 5-4-6. For more on the situation and what it says about the league… Last week was another painful reminder that the NWSL still has issues around coaching changes and communication. Even considering the history of the NWSL, including Sally Yates' and NWSL/NWSLPA joint reports around the league's failure to stop abuse, the Courage's media strategy around Nahas' firing is probably one of the most bizarre I've seen. 'Multitude of factors' has become a meme, thanks to the dozen-plus mentions in that hostile first press conference. Advertisement On Friday, the Courage finally said that 'confounding performance issues, culture issues, and a perceived lack of fit' were the root of the issue two days after those first two sentences were posted to social media. It's unclear why those three factors, among the multitude, could not be named during the initial press conference. Public transparency is tough to navigate in this league when taking into consideration potential legal and privacy obstacles. 'Culture issues' is a rather anodyne catch-all, but it still says more than 'multitude of factors.' For a club that has had to rebuild a lot of trust with its supporters, this week didn't help the Courage nor the NWSL as a whole. Spain parts ways with another head coach Spain has moved on from head coach Montse Tome, appointing former player and Under-23 coach Sonia Bermúdez to replace her. The federation announced the change on Monday; however, The Athletic's Laia Cervello Herrero reports that the decision was made before the 2025 European Championship began. To get the latest on the reigning World Cup winner's coaching change, we asked our resident expert, Laia, for more: Why did Spain move on from Tome? 💬 She never gained the full support of the players or their trust, according to multiple sources. Tome was former head coach Jorge Vilda's assistant coach and was promoted when Vilda was dismissed amid an institutional crisis following the 2023 World Cup and former Spanish federation president Luis Rubiales' non-consensual kiss with Jennifer Hermoso. Tome applauded the speech of the former president before his firing, and although the rough edges were smoothed over, she never had the support of the team. The decision had been made before the Euros, according to sources, and Tome was going to be dismissed whether Spain won the competition or not. What will Tome be remembered most for during her time with Spain? 💬 Although she made history with the national team — winning the Nations League in 2024, being part of the coaching staff that won the World Cup in 2023, and taking Spain to its first-ever Euro final — she will pass without pain or glory. She was overshadowed by Vilda, even though she repeatedly tried to emphasize that she was not him. I have a feeling that Tome will be remembered more for applauding Rubiales' speech (although she later retracted her actions and explained that she felt obliged to do so) than for her sporting achievements. What do we know about her replacement? 💬 Bermúdez was the top scorer in FC Barcelona's history until Hermoso took the record from her, and then Alexia Putellas after that. She has since been coaching Spain's youth teams. The Spanish federation hopes she is someone the players respect and who knows how to manage the dressing room better than Tome. The problem is that the players have not forgotten that Bermúdez also applauded (and then retracted) Rubiales' speech. Golden list: The Ballon d'Or shortlist was released last week. The annual award, given to the year's best footballers by France Football magazine, includes the USWNT's Lindsey Heaps and Emily Fox, plus Marta and two-time winners Aitana Bonmati and Putellas. The Athletic's women's soccer writers explain which players deserve to win it this year. Advertisement A coaching hire: Denver Summit FC named Nick Cushing as its first head coach to lead the expansion team in its inaugural season next year. The 40-year-old previously spent time as the head coach of Manchester City Women in England and New York City FC in Major League Soccer. Cushing connected with Denver following his UK departure, telling The Athletic his new role 'was the right project' for him. Well, that's awkward: The Premier League, which kicks off on Friday, will feature in-game interviews with substituted players to provide more access. But a moment with Mallory Swanson during the Chicago Stars' 1-1 draw with Bay FC this weekend in NWSL could be a guide in what not to do. The Stars, who have just one win this season, are without Swanson as she prepares for the birth of her first child. She was present on Saturday, however, and gave an interview to CBS to promote her new Army clothing collaboration. Unfortunately for Swanson, it came at the exact moment that Bay scored the opening goal. The cameras then just stayed on Swanson. You can practically hear the 'Curb Your Enthusiasm' theme tune as the camera pans out: 📫 Love Full Time? These stories can also be found on Yahoo's women's sports hub, in partnership with The Athletic. Also, check out our other newsletters. Streaming links in this article are provided by partners of The Athletic. Restrictions may apply. The Athletic maintains full editorial independence. Partners have no control over or input into the reporting or editing process and do not review stories before publication. Spot the pattern. Connect the terms Find the hidden link between sports terms Play today's puzzle
Toronto Star
10-08-2025
- Sport
- Toronto Star
Portland wins Cascadia rivalry match against Seattle 4-2 in the NWSL
By The Associated Press Reilyn Turner's goal put Portland in front in the first half and the Thorns went on to defeat the rival Seattle Reign 4-2 on Sunday in the National Women's Soccer League. The so-called Cascadia rivalry dates back to the NWSL's first year in 2013. It was the league-high 43rd meeting between the two Pacific Northwest squads.
