Latest news with #GoldMountain
Associated Press
12-07-2025
- Business
- Associated Press
Gold Mountain Mining Corp. Obtains Additional Funding Under Secured Convertible Debenture
VANCOUVER, BC / ACCESS Newswire / July 11, 2025 / Gold Mountain Mining Corp. ('Gold Mountain' or the 'Company') (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to announce that it has obtained an additional $600,000 in funding (the 'Additional Funding') pursuant to an amended and restated secured convertible debenture (the 'Amended Debenture') dated as of July 11, 2025. The Amended Debenture amends and restates the terms of a secured convertible debenture (the 'Original Debenture') dated as of June 18, 2024 that the Company issued to Nhwelmen Construction Limited Partnership ('Nhwelmen' the contract miner at the Company's Elk Gold Mine), pursuant to which the Company owes Nhwelmen $5,000,000 (see the Company's news release dated June 18, 2024 for further details respecting the Original Debenture). The Amended Debenture amends the terms of the Original Debenture to increase the aggregate principal amount owing by the Company to Nhwelmen from $5,000,000 to $5,600,000. All other terms of the Original Debenture remain the same, including: the Amended Debenture is convertible at Nhwelmen's option into common shares of the Company at a conversion price of $0.08 per share (with an aggregate of 70,000,000 common shares being issuable if the full $5,600,000 is converted); the Amended Debenture matures on June 18, 2028; the principal amount of the Amended Debenture accrues interest at the rate of 12.0% per annum, calculated monthly and payable in cash in arrears on each anniversary date from the date of issuance of the Original Debenture; and the Amended Debenture may be prepaid in whole or in part, at the option of the Company. The Amended Debenture is secured by a second priority security interest over all of the assets of the Company including its current and after acquired property, as evidenced by the general security agreement dated effective March 10, 2024 between the Company and Nhwelmen. The Company will use the Additional Funding for general working capital, which will provide the Company with financial flexibility to support its ongoing operations and strategic initiatives. The Additional Funding remains subject to approval of the Toronto Stock Exchange. There can be no assurance that the financing will be completed on the terms contemplated or at all. The Company will provide further updates as appropriate. About Gold Mountain Gold Mountain is a British Columbia based gold and silver production, exploration and development company focused on the development of the Elk Gold Mine, a producing mine located 57 kilometers from Merritt in South Central British Columbia. Additional information is available at or on the Company's new website at For more information, please contact: Gold Mountain Mining Corp. Email: [email protected] Website: The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. Forward Looking Statements Forward-looking statements in this news release may include, but are not limited to, statements relating to those in respect of the Company's future financial reporting. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise. SOURCE: Gold Mountain Mining Corp press release
News.com.au
04-07-2025
- Business
- News.com.au
Closing Bell: ASX loses steam, paring back gains to add just 0.08pc
ASX hits the breaks, adding just 0.08pc Info tech also contracted, adding 0.54pc compared to more than 1pc earlier in the session Profit taking drives materials, banks lower 3pm slump has ASX yawning to close The ASX 200 pulled back from early gains that saw the bourse climb about 0.2% before lunch, adding just 0.08% by the end of the day. Things were kicking along with plenty of energy until around 2pm AEST when the All Tech index went sideways, shedding much of its momentum. The info tech sector added just 0.54%, despite leading gains with a more than 1% jump earlier in the day. Gold stocks, the broader resources index and the ASX 200 Banks failed to show their usual strength, leaving the ASX to end just about flat for the second day in a row. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Name Last % Change Volume Market Cap GMN Gold Mountain Ltd 0.002 100% 1.25E+08 $5,619,759 TOU Tlou Energy Ltd 0.022 57% 2133817 $18,180,180 TNY Tinybeans Group Ltd 0.125 44% 278424 $12,868,208 FBM Future Battery 0.028 40% 3663714 $13,463,221 GLL Galilee Energy Ltd 0.007 40% 2185493 $3,535,964 OKJ Oakajee Corp Ltd 0.044 33% 594610 $3,017,719 AOA Ausmon Resorces 0.002 33% 3405710 $1,966,820 AQX Alice Queen Ltd 0.004 33% 350195 $3,748,920 BLZ Blaze Minerals Ltd 0.004 33% 6990060 $5,335,392 MGU Magnum Mining & Exp 0.008 33% 3405136 $13,908,223 SFG Seafarms Group Ltd 0.002 33% 456473 $7,254,899 WMG Western Mines 0.265 33% 556834 $19,357,669 DY6 Dy6Metalsltd 0.205 32% 2194552 $11,541,688 ATX Amplia Therapeutics 0.3 28% 13707383 $91,168,877 EVR Ev Resources Ltd 0.01 25% 57017583 $15,886,693 MSG Mcs Services Limited 0.005 25% 250001 $792,399 NOR Norwood Systems Ltd. 0.02 25% 2610959 $8,254,842 QXR Qx Resources Limited 0.0025 25% 19888 $2,620,658 RMX Red Mount Min Ltd 0.01 25% 3730164 $3,719,662 TEM Tempest Minerals 0.005 25% 109015 $4,407,180 KLI Killiresources 0.032 23% 916898 $3,645,817 AUG Augustus Minerals 0.033 22% 1206816 $4,588,554 GRV Greenvale Energy Ltd 0.034 21% 815888 $15,242,454 NH3 Nh3Cleanenergyltd 0.041 21% 2213018 $19,196,563 ADY Admiralty Resources. 0.006 20% 100000 $13,147,397 Kalina Power (ASX:KPO) wasted no time in releasing its quarterly report for the JuneQ, getting ahead of the pack to give its presentation some breathing room. KPO is developing five natural gas power plants in conjunction with data centre locations, incorporating carbon capture and sequestration technologies to lower emissions. This quarter, Kalina was awarded 180MW of power within the Alberta grid – which the company intends to transfer to a third party – and moved to offload its 60 MW Saddle Hills project site as well as one or more of its Canadian subsidiary's 170 MW project sites. Silk Logistics (ASX:SLH) has gotten the go-ahead from the ACCC for a scheme of arrangement that would see it wholly acquired by DP World Australia, a private shipping logistics company. DP World is offering shareholders $2.14 per Silk share, which at first offer was a 45.6% premium to last close. SLH's shares have risen since then, now sitting at $2.1 each as investors lean into the acquisition. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Security Name Last % Change Volume Market Cap HLX Helix Resources 0.001 -50% 58000 $6,728,387 AXP AXP Energy Ltd 0.001 -33% 109654 $10,027,021 PAB Patrys Limited 0.001 -33% 198576 $3,548,715 PRX Prodigy Gold NL 0.002 -33% 2259834 $9,525,167 TMK TMK Energy Limited 0.002 -33% 3234175 $30,667,149 REY REY Resources Ltd 0.011 -27% 28667 $3,173,414 EEL Enrg Elements Ltd 0.0015 -25% 13990801 $6,507,557 SHP South Harz Potash 0.003 -25% 268153 $5,132,248 LKO Lakes Blue Energy 0.75 -25% 1138601 $58,770,705 CDE Codeifai Limited 0.04 -25% 13095786 $23,475,738 AR9 Archtis Limited 0.205 -23% 4419949 $76,653,102 NGS NGS Ltd 0.021 -22% 697546 $4,756,529 HPC Thehydration 0.011 -21% 784289 $5,408,213 DDT DataDot Technology 0.004 -20% 350001 $6,054,764 FHS Freehill Mining Ltd. 0.004 -20% 4508753 $17,069,268 MRD Mount Ridley Mines 0.002 -20% 56409 $1,946,223 NHE Nobleheliumlimited 0.029 -17% 1155037 $20,983,375 ALY Alchemy Resource Ltd 0.005 -17% 98904 $7,068,458 FBR FBR Ltd 0.005 -17% 2783572 $34,136,713 NFM New Frontier 0.01 -17% 2019510 $19,262,552 TEG Triangle Energy Ltd 0.0025 -17% 3332323 $6,267,702 TSL Titanium Sands Ltd 0.005 -17% 50260 $14,068,483 MDR Medadvisor Limited 0.055 -15% 3990270 $40,611,029 AON Apollo Minerals Ltd 0.006 -14% 250000 $6,499,198 EMT Emetals Limited 0.003 -14% 213214 $2,975,000 Making news… Lakes Blue Energy (ASX:LKO) has returned to official quotation on the ASX, having been suspended on October 2 2023 after failing to release required quarterly updates and reports. Wasting no time, LKO has launched a share placement right out the gate, aiming to raise $6.5m at $0.75 a share to fund its upcoming drilling program at the Wombat 5 well in the Gippsland Basin of Victoria. IN CASE YOU MISSED IT Australian Mines (ASX:AUZ) has secured an agreement with GoldMining to earn up to 80% of the Boa Vista gold project in Brail. MTM Critical Metals (ASX:MTM) is preparing to change its name to Metallium as it uplists to the OTCQX Best Market. TRADING HALTS
News.com.au
04-07-2025
- Business
- News.com.au
Top 10 at 11: Info tech leads ASX higher on broad strength
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. ASX sectors in the green The ASX 200 has climbed 0.19% in the first half hour of trade, with 10 of 11 sectors making gains this morning. The script has flipped from yesterday; big gains in materials on Thursday have turned to profit taking today, driving the sector down more than 1%. That's being handily outweighed by gains in every other sector. Info tech has taken a place at the front of the pack, adding 1.11%. It comes as no surprise, then, that it's software companies headlining our small cap winners this morning. WINNERS Code Name Last % Change Volume Market Cap GMN Gold Mountain Ltd 0.002 100% 1.05E+08 $5,619,759 CAV Carnavale Resources 0.004 33% 125000 $12,270,655 SFG Seafarms Group Ltd 0.002 33% 454509 $7,254,899 MSG Mcs Services Limited 0.005 25% 250001 $792,399 ENL Enlitic Inc. 0.036 20% 277327 $24,768,486 1AD Adalta Limited 0.003 20% 167833 $2,678,291 GLL Galilee Energy Ltd 0.006 20% 3286 $3,535,964 MKL Mighty Kingdom Ltd 0.024 20% 2490974 $14,668,746 SIS Simble Solutions 0.006 20% 1502631 $5,411,652 MGU Magnum Mining & Exp 0.007 17% 1000000 $13,908,223 In the news... AI-enabled healthcare software provider Enlitic (ASX:ENL) is eyeing up to A$46m in potential payments after meeting MoU requirements for a cloud product rollout agreement with GE HealthCare. The two companies are collaborating on the Gensis cloud product suite, with ENL subsidiary Laitek to deliver migration services to the tune of US$3-6 million per year for the next five years. Following on from a $500k placement, Simble Solutions (ASX:SIS) has purchased 383.95 Bittensor tokens or TAO at an average price of $520.89 each for a total holding of about $200,000. Simble selected TAO due to its 'decentralised AI focus' and management's confidence in the utility of the TAO blockchain, which SIS intends to incorporate into its existing products. SIS is also staking its TAO holding through BitGo, anticipating yields of between 8% and 12% per year. LAGGARDS Code Name Last % Change Volume Market Cap EEL Enrg Elements Ltd 0.001 -50% 216955 $6,507,557 AXP AXP Energy Ltd 0.001 -33% 109654 $10,027,021 PRX Prodigy Gold NL 0.002 -33% 740000 $9,525,167 NHE Nobleheliumlimited 0.028 -20% 601271 $20,983,375 LKO Lakes Blue Energy 0.8 -20% 34865 $58,770,705 DDT DataDot Technology 0.004 -20% 350000 $6,054,764 AUZ Australian Mines Ltd 0.009 -18% 1443200 $15,383,633 AKN Auking Mining Ltd 0.006 -14% 111904 $4,023,451 EMT Emetals Limited 0.003 -14% 213214 $2,975,000 AR9 Archtis Limited 0.23 -13% 755781 $76,653,102
News.com.au
23-06-2025
- Business
- News.com.au
Top 10 at 11: ASX plunges 0.63pc in first hour; BirdDog flies
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. ASX runs for cover as US bombs Iran The ASX is slumping in the first hour of trade, down 0.63% as of about 10:30 am AEST. US President Donald Trump took to Truth Social to announce that US forces had hit several nuclear sites in Iran. At this stage, there's been no retaliation from Iran, although threats have been flying all weekend. Oil markets haven't ignited as some might have expected. Brent Crude oil is up 2.8% to about US$79.17 a barrel at present, a solid lift that puts it back to January levels. That may change if things escalate, but for now the oil market is biding its time. Back at home, only 3 sectors are in the green at start of trade. Energy is unsurprisingly leading gains, up 0.75%, while Info Tech languishes, shedding 1.24%. Onto our winners and laggards for the day… WINNERS Code Name Last % Change Volume Market Cap CT1 Constellation Tech 0.002 100% 752500 $1,474,734 ENT Enterprise Metals 0.003 50% 333333 $2,362,635 GMN Gold Mountain Ltd 0.0015 50% 308261 $5,619,759 SHP South Harz Potash 0.003 50% 500000 $2,205,457 PV1 Provaris Energy Ltd 0.022 47% 4012689 $10,470,019 BDT Birddog 0.068 39% 3752360 $7,912,815 ATV Activeportgroupltd 0.011 38% 1148354 $5,479,817 ASR Asra Minerals Ltd 0.002 33% 500000 $5,987,547 DTM Dart Mining NL 0.004 33% 900000 $3,594,167 NES Nelson Resources. 0.004 33% 125000 $6,515,783 In the news... BirdDog (ASX:BDT), a software enabled video solution company, has postponed a shareholder vote on the company's voluntary delisting from the ASX until July 22. BDT intends to buyback public shares at a 112% premium to its 15-day VWAP at $0.07 a share. The board reckons it's the best move for the company as its share price has been underperforming at low levels of liquidity, at a price point they don't believe reflects BDT's inherit value. Activeport (ASX:ATV) has unveiled version 3.0 of its cloud gaming GPU orchestration solution, a network infrastructure tool provided for Radian Arc that enables GPU-based edge computing. In other words, the technology uses a network of distributed computers to process complex data, enabling users to play high-end games on low-end computers that wouldn't normally be capable of running them. The technology already nets ATV about $1m per year in licensing, with that revenue set to grow as the company deploys a further 1,600 GPUs to support its latest cloud gaming contract with Radian Arc. Nelson Resources (ASX:NES) reckons it could be sitting on a larger gold system than originally thought at the Yarri gold project's Hidden Treasure prospect, after maxing out its rock chip sampling scanner on chips grading more than 8 g/t gold. NES has sent the samples for a more fulsome assay in the lab, unable to determine their true grade with limited equipment in the field. Some of the chips come from fresh rock within the mafic volcanic unit, highlighting potential for new areas of exploration. LAGGARDS Code Name Last % Change Volume Market Cap GGE Grand Gulf Energy 0.002 -33% 201290 $8,461,275 ORP Orpheus Uranium Ltd 0.022 -21% 10708 $7,887,520 H2G Greenhy2 Limited 0.015 -21% 1665973 $11,365,499 AKG Academies Aus Grp 0.1 -20% 209999 $16,576,808 NME Nex Metals Explorat 0.02 -20% 31000 $8,352,645 BCB Bowen Coal Limited 0.15 -17% 599443 $19,396,360 AS2 Askarimetalslimited 0.005 -17% 161500 $2,425,024 TON Triton Min Ltd 0.005 -17% 50000 $9,410,332 CRR Critical Resources 0.003 -14% 273715 $9,149,774 E79 E79Goldmineslimited 0.024 -14% 254550 $4,435,554 In the news... Green HY2 (ASX:H2G) has secured firm commitments to raise about $987k in a share placement at $0.011 per share, a 21% discount on the 90-day VWAP. The money will go to bringing its energy storage products to market, including the new hybridised graphene batteries and hydrogen energy storage products.
South China Morning Post
20-05-2025
- Business
- South China Morning Post
China's Zijin Mining opens gold and copper stock fund to Hong Kong investors
Gold Mountain Asset Management, an overseas unit of China's Zijin Mining Group, has opened its gold and copper-focused fund to professional investors in Hong Kong seeking to tap into the upbeat sentiment for these metals. The wholly owned unit of one of China's largest gold and copper miners previously sourced investments from within the group's companies and its employees. 'We are bullish on gold, because the price will be supported by ongoing geopolitical uncertainties and unresolved trade frictions,' Lisa Liu Sha, managing director and portfolio manager of Hong Kong-based Gold Mountain, said in an interview last week. Gold could hit US$4,000 an ounce this year due to a weakening US dollar and rising demand from investors and central banks for the precious metal, she said. Zijin Mining Group's copper mine in Shanghang county in south China's Fujian province. Photo: AP The price of the precious metal rose 0.7 per cent to US$3,223.55 on Monday after Moody's Ratings on Friday downgraded the US government's credit rating to Aa1 from Aaa, citing successive administrations' inability to cut the budget deficit. The dollar also fell.
