Latest news with #Clarus
Hamilton Spectator
6 days ago
- Business
- Hamilton Spectator
Adyton Resources Announces C$10 Million Private Placement of Units
Not for distribution to U.S. news wire services or dissemination in the United States BRISBANE, Australia, July 22, 2025 (GLOBE NEWSWIRE) — Adyton Resources Corp. (TSXV: ADY) (FSE: 701GR) ('Adyton' or the 'Company') is pleased to announce it has entered into an agreement with Clarus Securities Inc. ('Clarus') and PowerOne Capital Markets Limited ('PowerOne' and, together with Clarus the 'Lead Agents') pursuant to which the Lead Agents will act on behalf of the Company, on a 'best-efforts' agency basis in connection with a brokered private placement (the 'Offering') of up to 25,000,000 units of the Company (each a 'Unit'), at a price per Unit of $0.40, for aggregate gross proceeds of up to $10,000,000. The Company will also grant the Co-Lead Agents an option (the 'Over-Allotment Option') to offer an additional 5,000,000 Units (the 'Additional Units') at the Offering Price (as defined below), exercisable in whole or in part, at any time up to 48 hours prior to the closing of the Offering. Assuming the full exercise of the Over-Allotment Option, the aggregate gross proceeds of the Offering are expected to be approximately C$12,000,000. Each Unit shall consist of one common share of the Company (each a 'Share') and one-half of one common share purchase warrant (each whole warrant a 'Warrant'). Each Warrant shall entitle the holder to purchase one Share at a price of $0.60 for a period of 24 months following the Closing Date. The net proceeds raised from the Offering will be used for the continued exploration and advancement of the Company's exploration program on its mineral properties and for general working capital and corporate purposes. The Units to be issued under the Offering will be offered pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Closing of the Offering is anticipated to occur on or about August 13, 2025 or such other date as may be agreed to by the Company and Clarus (the 'Closing Date'). The securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the Closing Date in accordance with applicable securities legislation. This proposed Offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. About Adyton Resources Corp. Adyton Resources Corporation is focused on the development of gold and copper resources in world class mineral jurisdictions. It currently has a portfolio of highly prospective mineral exploration projects in Papua New Guinea on which it is exploring to expand its identified gold Inferred and Indicated Mineral Resources and expand on its recent significant copper drill intercepts on the 100% owned Feni Island project. The Company's mineral exploration projects are located on the Pacific Ring of Fire on easy to access island locations which hosts several globally significant copper and gold deposits including the Lihir gold mine and Panguna copper/gold mine on Bougainville Island, both neighboring projects to the Company's Feni Island project. Adyton has a total Mineral Resource Estimate inventory within its PNG portfolio of projects comprising indicated resources of 173,000 ounces gold and inferred resources of 2,000,000 ounces gold. The Feni Island Project currently has a mineral resource prepared in accordance with NI 43-101 dated October 14, 2021, which has outlined an initial inferred mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au, for contained gold of 1,460,000 ounces, assuming a cut-off grade of 0.5 g/t Au. See the NI 43-101 technical report entitled 'NI 43-101 Technical Report on the Feni Gold-Copper Property, New Ireland Province, Papua New Guinea prepared for Adyton Resources by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant and 'qualified person' as defined in NI 43-101,available under Adyton's profile on SEDAR+ at . Mineral resources are not mineral reserves and have not demonstrated economic viability. The Fergusson Island Project currently has a mineral resource prepared in accordance with NI 43-101 dated October 14, 2021, which outlined an indicated mineral resource of 4.0 million tonnes at an average grade of 1.33 g/t Au for contained gold of 173,000 ounces and an inferred mineral resource of 16.3 million tonnes at an average grade of 1.02 g/t Au for contained gold of 540,000 ounces. See the technical report entitled 'NI 43-101 Technical Report on the Fergusson Gold Property, Milne Bay Province, Papua New Guinea' prepared for Adyton Resources by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant and 'qualified person' as defined in NI 43-101,available under the Company's profile on SEDAR+ at . Mineral resources are not mineral reserves and have not demonstrated economic viability. For more information about Adyton and its projects, visit or contact info@ . Forward-Looking Statements This press release contains certain forward-looking statements as well as historical information. Readers should not rely on information in this summary for any purpose other than for gaining general knowledge of the Company. Forward-looking statements include, but are not limited to, the closing of the Offering and the use of proceeds. The words 'expected', 'will' and similar expressions are intended to be among the statements that identify forward-looking statements. Although the Company believes that its expectations as reflected in any forward-looking statements, are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward- looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions or other factors should change. This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. The distribution of Adyton securities in connection with the transactions described herein will not be registered under the United States Securities Act of 1933 (the 'U.S. Securities Act') and Adyton securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy Adyton securities, nor shall there be any offer or sale of Adyton securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The TSX Venture Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release
Toronto Star
6 days ago
- Business
- Toronto Star
Adyton Resources Announces C$10 Million Private Placement of Units
Not for distribution to U.S. news wire services or dissemination in the United States BRISBANE, Australia, July 22, 2025 (GLOBE NEWSWIRE) — Adyton Resources Corp. (TSXV: ADY) (FSE: 701GR) ('Adyton' or the 'Company') is pleased to announce it has entered into an agreement with Clarus Securities Inc. ('Clarus') and PowerOne Capital Markets Limited ('PowerOne' and, together with Clarus the 'Lead Agents') pursuant to which the Lead Agents will act on behalf of the Company, on a 'best-efforts' agency basis in connection with a brokered private placement (the 'Offering') of up to 25,000,000 units of the Company (each a 'Unit'), at a price per Unit of $0.40, for aggregate gross proceeds of up to $10,000,000.
RNZ News
10-07-2025
- Business
- RNZ News
Liquefied natural gas imports feasible within 3-4 years but would be costly
Pohokura is New Zealand's largest natural gas producer. Photo: Supplied The import of liquefied natural gas (LNG) is feasible within the next three or four years, but would be costly, might be needed only occasionally, and would likely need backing from the government for fast track consent. A report commissioned by the gas company Clarus and the four main power companies - Contact, Meridian, Genesis, and Mercury - has just been released and canvasses various options of scale. LNG has been touted as a back-up for dwindling local gas supplies for the power industry. Clarus chief executive Paul Goodeve said the report was a starting point looking at either a small scale import facility, or larger international standard installation. "This work aims to provide New Zealand with a robust and clear-eyed evaluation of LNG import feasibility, and while both options are technically feasible, they each come with very different costs and benefits." A small scale import option would use smaller vessels, likely needing frequent shipments, but using existing port facilities and infrastructure, at a cost of between $140m-$295m. Goodeve said that had the benefit of lower build costs, faster and flexible development, but the cost of gas would be about 25 percent higher. A conventional LNG import option would be based on using standard-sized ships delivering significant volumes of gas, which may vary between none in some periods and a handful when gas was required for power generation. "The real benefit of these conventional-scale LNG solutions is to improve security of energy supply, providing access to energy when required. In New Zealand's case, this may be in a dry-year when hydro inflows are low, or if domestic gas supply continues to decline," the report said. The report said the government would not need to be directly involved in any LNG operation but could materially assist through backing the consenting of a project. "It has an important role to play at this early stage in defining the project. Without government engagement the schedule to first LNG imports will certainly slip; with government intervention and pro-activity the schedule to LNG can be accelerated." The government has given an indication that it would, if necessary, legislate fast track consent for an LNG terminal. The report mentioned, but did not identify, six possible import locations, although the small scale option singles out Port Taranaki. The fuel import port at Marsden Point has been mentioned in the past, and the other four established port operations - Auckland, Tauranga, Napier and Wellington - are logical sites given they already handle fuel shipments and connect to the North Island gas network. Goodeve said the import of LNG was not a substitute for the development of biofuels, gas exploration, and electrification through renewable energy generation. "Our energy future will be shaped by a mix of energy options and this work ensures the option of LNG is properly understood." He said there was much engineering, commercial and planning work to be done, which meant decisions on whether to proceed would not emerge until next year. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Scoop
09-07-2025
- Business
- Scoop
New Zealand Energy Companies Explore The Feasibility Of Importing LNG
Following the rapid decline in the availability of gas for electricity generation, a group of major New Zealand energy companies have collaborated to explore the option to import liquefied natural gas (LNG) and assessed the role LNG could play to meet New Zealand's future gas demand. Clarus, Contact Energy, Genesis Energy, Meridian Energy, and Mercury, commissioned two studies, looking at both conventional-scale solutions as used across the globe, as well as smaller scale options. Paul Goodeve, Chief Executive for Clarus said, 'This work aims to provide New Zealand with a robust and clear-eyed evaluation of LNG import feasibility, and while both options are technically feasible, they each come with very different costs and benefits.' The studies were carried out between September 2024 and May 2025 by international LNG experts, Gas Strategies (from the United Kingdom) that has advised previously on similar projects and has been able to provide their international expertise and knowledge, along with engineering consultancy Wood Beca (NZ). The reports show that a gas import option may be technically feasible, though more challenging than anticipated. Study partners have shared the reports with government officials, whose support would be necessary for any option to proceed. The study partners emphasised that LNG is just one of several options being explored to support energy resilience. Investment in renewables, demand-side management and electrification remain central to the country's low carbon energy transition. 'Ultimately, our energy future will be shaped by a mix of energy options and this work ensures the option of LNG is properly understood,' Goodeve said. Key Findings: Conventional-scale LNG options provide high levels of flexibility – but at a cost LNG is equivalent to our domestic natural gas (once LNG is regasified) and can be transported using existing gas networks and used in existing gas appliances. The global LNG industry has grown considerably over recent years, with around 50 countries now relying on LNG imports to meet their domestic energy needs. The global LNG trade has standardised around large vessels (carrying around 170,000– 180,000m³, or 4.5 PJ of gas), with much of the storage and regasification equipment located on permanently moored ships (known as Floating Storage and Regasification Units or FSRUs). The real benefit of these conventional-scale LNG solutions is to improve security of energy supply, providing access to energy when required. In New Zealand's case, this may be in a dry year when hydro inflows are low, or if domestic gas supply continues to decline. The study finds that a conventional solution would allow New Zealand to access additional gas at around $18 per gigajoule (GJ) on a landed cost basis. The landed price is at the entry point to the import terminal and includes shipping. The total cost to end users would also need to account for the capital and operational costs required to deliver that gas into the system through port upgrades, regasification systems and storage, estimated at an additional $170-$210 million per year. These would also contribute to the effective delivered cost to more accurately reflect the total cost to end users. Therefore, the final delivered cost per GJ would depend on the annual throughput of the terminal. The large size of the ships involved in conventional-scale LNG imports would necessitate significant infrastructure investment, including port or pipeline upgrades. Depending on the location and technology used, capital cost estimates range from $190 million to $1 billion which is a significant investment given the uncertainty around how often LNG imports would be needed. Smaller-scale options are lower cost to build but offer less flexibility In an effort to seek out lower capital cost solutions, the work also explored smaller-scale developments that would use existing port infrastructure without major modifications. These solutions would involve much smaller vessels of around 15,000m³ in size (0.4 PJ). Roughly one tenth the size of conventional LNG carriers, they could shuttle between Australian LNG export projects and a New Zealand port, such as Port Taranaki. This model could provide an additional 7–10 PJ of energy per year to the New Zealand system, equivalent to around one month of current gas supply. Crucially, the smaller size of ships means limited site works would be required, enabling faster and more flexible development. On a landed cost basis, small-scale LNG would cost approximately 25% more than large-scale, at $20–21/GJ. The additional capital costs of smaller-scale LNG infrastructure are estimated between $140 million and $295 million, depending on how much onshore storage is built. So, while the gas costs are more expensive than conventional scale, the infrastructure costs are lower, the gas itself is expected to be more expensive. Again, the final delivered costs per GJ would need to take into account both the landed cost and capital cost. The study also highlights several issues that would need to be addressed in moving forward with smaller-scale solutions. These include securing interest from existing sellers to supply a relatively small volume of gas and ensuring sufficient storage of LNG when it arrives in New Zealand.
Fibre2Fashion
18-06-2025
- Business
- Fibre2Fashion
Flocus to bring regenerative kapok solutions to Future Fabrics Expo
Flocus will showcase the world's first OEKO TEX 100 Class 1 certified kapok fibre at Future Fabrics Expo set to be held on June 24-25 in London. Once wild and overlooked, kapok is now available in scalable volumes through a fully industrialised and ethical processing system. Visitors can experience this innovation first-hand at Booth S17 at the expo. Kapok has always been naturally regenerative, exceptionally light, water-repellent, hypoallergenic, antimicrobial, and known for its incredible thermal insulation and temperature regulation properties. But until now, it lacked infrastructure, consistency, and safety. Flocus has transformed that reality. The company's advanced processing technology delivers unmatched cleanliness, reliability and consistency, redefining kapok as a trusted ingredient for the future of fashion, home and interiors. Flocus redefines kapok as a sustainable, organic, and eco-friendly fibre that is clean, reliable, and scalable for use in fashion, home, and interior applications. Flocus will present the world's first OEKO TEX 100 Class 1 certified kapok fibre at the Future Fabrics Expo. The company will also present its exclusive Clarus and Fina fibre categories, alongside unique yarn and fabric blends and nonwovens. At the company's booth, visitors can discover Clarus, the engineered spinning-grade kapok fibre, and Fina, a soft and pure stuffing-quality option. Flocus will present a range of yarns, fabrics, and nonwovens including exclusive blends with other high-performing natural fibres. Visitors can also see versatile fillings made with 100 per cent kapok or in combination with recycled and plant-based materials. The company will also highlight its regenerative efforts through the nonprofit KRAF, which plants thousands of kapok trees in Indonesia. This initiative restores biodiversity, increases future fibre availability, and supports local communities with meaningful, long-term engagement. Certified, scalable, and revolutionary—Flocus invites the industry to experience the future of sustainable textiles at Booth S17 at Future Fabrics Expo. Fibre2Fashion News Desk (KD)
