Silicon Metals Corp. Announces Revision to Longworth Option Agreement
Silicon Metals Corp. Announces Amendment to Longworth Option Agreement – Silicon Metals Corp Silicon Metals Corp. (CSE: SI, FSE: X6U0) has amended its Longworth Silica Project Option Agreement with Cronin Exploration Inc. The amendment allows the Company to earn a 100% interest in the 3,863.06 Ha Longworth Silica Project, located about 85 km east of […]
Silicon Metals Modifies Offering Terms and Finalizes $294,645 Initial Tranche – Silicon Metals Corp
Silicon Metals Announces Amended Terms of Offering and Closes $294,645 Initial Tranche – Silicon Metals Corp Silicon Metals Corp. has amended its non-brokered flow-through private placement, closing an initial tranche for gross proceeds of $294,645 by issuing 4,533,000 flow-through units at $0.065 each. The total proposed offering has increased to 5,384,615 units, with anticipated proceeds […]
Electrovaya Inc. Closes Full Exercise of Over-Allotment Option for an Additional US$1.7 Million
Electrovaya Inc., a leader in lithium-ion battery technology, announced its public offering of 5,175,000 common shares at $2.15 each, generating approximately $11.1 million. Following the exercise of an over-allotment option, an additional 776,250 shares were sold, bringing total proceeds to approximately $12.8 million. The funds will be used to meet loan conditions with the Export-Import […]
Electrovaya Inc. Closes US$11.1 million Public Offering of Common Shares
Electrovaya Inc. has successfully completed a public offering of 5,175,000 common shares at $2.15 per share, generating approximately $11.1 million in gross proceeds. Roth Capital Partners led the offering, with Raymond James Ltd. and Craig-Hallum Capital Group acting as co-managers. The proceeds will be used for loan conditions related to the Export-Import Bank, repaying existing […]
VERSES Genius™ Outperforms OpenAI Model in Code-Breaking
VERSES AI Inc. announced that its product Genius significantly outperformed OpenAI’s o1-preview model in the code-breaking game Mastermind. Genius solved the game efficiently, achieving a 100% success rate, completing tasks 140 times faster, and at over 5,000 times lower cost. The comparison involved 100 games where Genius completed its tasks in just over 5 minutes, […]
Electrovaya Inc. Announces Pricing of US$11.1 Million Public Offering of Common Shares
Electrovaya Inc. (NASDAQ: ELVA; TSX: ELVA), a lithium-ion battery technology leader, has priced its public offering of 5,175,000 common shares at $2.15 each, aiming to raise approximately $11.1 million before expenses. Roth Capital Partners is the lead manager, with an additional 776,250 shares available through an over-allotment option. Proceeds will fund cash collateral for a […]
Electrovaya Inc. Announces Proposed Public Offering of Common Shares and Files Preliminary Prospectus Supplement
Electrovaya Inc. (NASDAQ: ELVA; TSX: ELVA) has initiated an underwritten public offering of its common shares, with all shares offered by the Company. This offering will be conducted in the U.S. under an effective shelf registration statement and in Canada, excluding Québec. Proceeds will fund cash collateral conditions for a loan from the Export-Import Bank […]
UL2580 Recognition for Electrovaya’s Lithium Iron Phosphate Infinity Cell
Electrovaya Inc. announced that its Infinity Series Lithium Ion Phosphate (LFP) cells have achieved UL2580 recognition, confirming their safety and reliability for electric vehicles. This certification signifies compliance with stringent safety standards, including external fire tests. The company’s LFP cells will be produced alongside its NMC cells at a planned facility in Jamestown, New York. […]
Carlyle Acquires Miramis Corp. and Nicola East Property Option, Completes Quesnel Gold Project Field Program, and Provides Corporate Update
Carlyle Commodities Corp. has completed the acquisition of Miramis Mining Corp. through an amalgamation agreement, allowing Carlyle to diversify its asset portfolio. Miramis, focused on mineral exploration in British Columbia, holds an option for the Nicola East property and has a history of mineralization in the southern Quesnel Trough. Carlyle issued 23,843,411 common shares in […]
Electrovaya Reports Fiscal Year 2024 Results
Electrovaya Inc. reported a revenue of $44.6 million and $4 million in adjusted EBITDA for FY 2024, marking its sixth consecutive quarter of positive EBITDA. The company achieved historic cash flow from operations and improved gross margins of 30.7%. A $51 million loan from the Export-Import Bank of the U.S. will support a manufacturing facility […]