Latest news with #VolatusAerospace
The Market Online
6 days ago
- Business
- The Market Online
Volatus stock takes off after Condor XL launch
(TSXV:FLT) launched its Condor XL heavy-lift drone program, marking a significant milestone in the evolution of autonomous logistics and national aerospace capabilities The Condor platform demonstrated strong potential for long-range, remote operations The global heavy-lift drone market is projected to reach US$1.4 billion by 2030 Volatus Aerospace stock (TSXV:FLT) last traded at $0.68 Volatus Aerospace (TSXV:FLT) launched its Condor XL heavy-lift drone program, marking a significant milestone in the evolution of autonomous logistics and national aerospace capabilities. This content has been prepared as part of a partnership with Volatus Aerospace Inc. and is intended for informational purposes only. Drawing on decades of helicopter operations experience, proprietary avionics development, and a renewed emphasis on rotorcraft-specific training, Volatus is introducing a next-generation platform designed to meet the growing global demand for autonomous, heavy-lift drone solutions. The Condor XL is engineered to carry payloads of up to 180 kilograms and travel distances of up to 200 kilometres, making it ideal for remote logistics, defense applications, and critical infrastructure support. The program's launch comes at a pivotal moment, aligning with recent public addresses by Prime Minister Mark Carney, who reaffirmed Canada's commitment to increased defense spending and the development of sovereign manufacturing capabilities. Volatus believes the Condor XL directly supports these national priorities, representing a strategic investment in dual-use technologies, domestic aerospace innovation, and resilient supply chains. Originally developed by Drone Delivery Canada (DDC), a company that Volatus merged with nearly one year ago, the Condor platform demonstrated strong potential for long-range, remote operations. Volatus has since enhanced the design, integrating advanced avionics and operational capabilities to create the Condor XL—a cornerstone of its broader strategy to deliver scalable, autonomous heavy-lift solutions. 'With our in-house team of experienced helicopter pilots, avionics engineers, and flight safety experts, we are well positioned to bring this platform to market,' Volatus Aerospace's CEO, Glen Lynch said in a news release. 'By merging traditional aviation expertise with advanced unmanned systems, we are driving the next wave of innovation in aerospace.' According to a recent Lucintel market report, the global heavy-lift drone market is projected to reach US$1.4 billion by 2030, growing at a compound annual growth rate of 13.4 per cent from 2024 to 2030. Key drivers include rising demand for aerial logistics, increased adoption in construction and infrastructure sectors, and expanding use in search and rescue operations. For a deeper dive into the company, check out this recent interview our Lyndsay Malchuk had with CEO Lynch to discuss the company's background, its technology, and how Volatus stands apart from all the rest. Volatus provides global aerial solutions for intelligence and cargo backed by a leadership team with more than 100 years of combined institutional knowledge in aviation. The company serves the oil and gas, utilities, healthcare and public safety industries. (Volatus Aerospace Inc. stock chart – July 2024 to July 2025.) Volatus Aerospace stock (TSXV:FLT) closed 4.62 per cent higher at $0.68 and has flown more than 265 per cent higher than where it was this time last year. Join the discussion: Find out what the Bullboards are saying about Volatus Aerospace and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here .
Yahoo
7 days ago
- Business
- Yahoo
Volatus Aerospace Launches Condor XL Heavy-Lift Drone Program
TORONTO, July 23, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB), a Canadian leader in aerial intelligence and cargo solutions, is pleased to announce the launch of its Condor XL heavy-lift drone program. Drawing on decades of helicopter operations experience, in-house avionics capabilities, and a renewed focus on rotorcraft-specific training, the company is introducing a next-generation platform designed to meet global demand for autonomous, heavy-lift drone solutions. The timing of this program aligns closely with recent public addresses by Prime Minister Mark Carney, speaking on behalf of the Canadian government, outlining a national commitment to increased defense spending and the development of sovereign manufacturing capabilities. Volatus believes the Condor XL program directly supports these ambitions, representing a strategic investment in domestic aerospace innovation, dual-use technologies, and critical infrastructure resilience. Originally developed by Drone Delivery Canada (DDC), the Condor platform showed strong potential for remote logistics and long-range operations. The Volatus Condor XL will carry up to 180kg and travel up to 200 per Lucintel market report, the global heavy lift drone market is expected to reach an estimated $1.4 billion by 2030 with a CAGR of 13.4% from 2024 to 2030. The major drivers for this market are increasing demand for aerial logistics, growing adoption of this drone in industries such as construction and infrastructure, and rising use of this technology in search and rescue operations. 'We are proud to launch the Condor XL program as a uniquely Canadian solution to a global logistics challenge,' said Glen Lynch, CEO of Volatus Aerospace. 'With our in-house team of experienced helicopter pilots, avionics engineers, and flight safety experts, we are well positioned to bring this platform to market. By merging traditional aviation expertise with advanced unmanned systems, we are driving the next wave of innovation in aerospace.' The Condor XL initiative further cements Volatus Aerospace's leadership in next-generation drone logistics, contributing to Canada's defence readiness and industrial self-reliance. Flight testing is set to begin this fall, with operational deployments planned for 2026. The Condor XL program is a cornerstone of Volatus' broader strategy to deliver autonomous heavy lift drone solutions that enhance national resilience, support Arctic sovereignty, and modernize Canadian supply chains. About Volatus Aerospace Inc. Volatus is a leader in innovative global aerial solutions for intelligence and cargo. With over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems for a wide array of industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure. The Company is committed to enhancing operational efficiency, safety, and sustainability through cutting-edge aerial technologies. For more information, visit Forward-Looking Statements Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding TSXV approval of the LIFE Offering; use of proceeds from the LIFE Offering; and the business, strategy, products, corporate vision, plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals, including but not limited to approval of the TSXV. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. For further information, please contact:Greg Colacitti, Chief Operating Neither 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. A photo accompanying this announcement is available at in to access your portfolio
The Market Online
10-07-2025
- Business
- The Market Online
Breaking news: Volatus Aerospace secures $10 million in financing
Things are moving fast at Volatus Aerospace (TSXV:FLT), the Canadian drone specialist for civil and military applications: Following two orders for drones and drone training from a NATO country, the company has now secured growth financing. The company announced overnight that it intends to raise up to CAD 10 million through a non-brokered 'LIFE Offering.' This means that the new shares are not subject to any lock-up period. The financing will support expansion in the area of tactical ISR and logistics services and prepare for growth investments. The capital will thus flow into precisely those areas in which Volatus Aerospace has recently demonstrated its ability to win orders: military reconnaissance and logistics. This article is disseminated in partnership with Apaton Finance GmbH. It is intended to inform investors and should not be taken as a recommendation or financial advice. Growth financing meets growth markets According to experts at Mordor Intelligence, the market for military logistics will grow from USD 29.27 billion to USD 37.12 billion between 2024 and 2029 – an annual increase of 4.9%. Added to this is the potential in the field of military reconnaissance and communications. According to analysts, these markets are also worth billions and are growing significantly. Fortune Business Insights estimates the market volume in the military communications sector at USD 60.4 billion in 2032 and expects annual growth of 7.2% from 2024 onwards. Business Research Insights sees the market for military reconnaissance at USD 255.88 billion with an annual growth rate of 3.9% until 2033. Even though these market forecasts can only provide an initial indication of how great the potential is in the business segment occupied by Volatus Aerospace (TSXV:FLT), the financing round announced now appears logical in order to quickly secure further market share. Volatus Aerospace with military and civilian potential With fresh capital, the drone specialists can continue their growth course even faster and convert the interest of potential customers into orders even more easily. The market is also likely to view the fact that financing can be announced at the current valuation level as positive. Volatus Aerospace is active in two exciting growth areas. In addition to the increased demand for military solutions in the fields of logistics and reconnaissance, the company also offers solutions for monitoring infrastructure such as bridges, pipelines, dams, and roads. Using modern technology, construction defects can be detected in good time and ultimately rectified – there is a backlog of infrastructure repairs worldwide. A report by the G20 estimates that investments of USD 94 trillion in infrastructure will be necessary every year worldwide until 2040. Capital measure on fair terms As part of the capital measure announced today, Volatus intends to issue up to 19.23 million units at CAD 0.52 each, raising up to CAD 10 million. Each unit consists of one share and half a warrant. Two half warrants therefore entitle the holder to purchase one additional share at a price of CAD 0.76 within 36 months. The capital measure is therefore being carried out at a fair price. Just yesterday, analysts at Ventum Capital Markets raised their price target for Volatus Aerospace to CAD 0.50. Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a 'Transaction'). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company. In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships. For this reason, there is a concrete conflict of interest. The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies. Risk notice Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such. The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user. The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Globe and Mail
10-07-2025
- Business
- Globe and Mail
Volatus Announces Non-Brokered LIFE Financing of up to $10,000,000
Not for distribution to United States newswire services or for dissemination in the United States. Use of proceeds includes expansion into the defense business segment of the Company, increase inventory of drone systems to fulfill increased demand in the United States, Canada, and internationally, and for general working capital purposes. TORONTO, July 09, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) (' Volatus ' or the ' Company ') is pleased to announce that it has filed an offering document in connection with a non-brokered private placement of up to 19,230,770 units of the Company (the ' Units ') at a price of $0.52 per Unit (the ' Issue Price ') for gross proceeds of up to approximately $10,000,000 (the ' LIFE Financing '). Each Unit will be comprised of one common voting share in the capital of the Company (' Common Share ') and one-half of one Common Share purchase warrant of the Company (each whole warrant, a ' Warrant '). Each Warrant will entitle the holder thereof to purchase one Common Share (each, a ' Warrant Share ') at an exercise price of $0.76 per Warrant Share for a period of 36 months following the date of issuance. The Company intends to use the net proceeds of the LIFE Financing for expansion into the defense business segment of the Company, increase inventory of drone systems to fulfill increased demand in the United States, Canada, and internationally, and for general working capital and corporate purposes. The LIFE Financing is expected to close on or around July 16, 2025 or such other date or dates as the Company may decide (the ' Closing Date '). The LIFE Financing is subject to customary conditions including, but not limited to, receipt of all necessary TSX Venture Exchange (' TSXV '), regulatory and other approvals. The LIFE Financing may be closed in multiple tranches. The Company may choose to pay eligible finders a cash fee of up to 6% of the gross proceeds of the LIFE Financing. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the ' 1933 Act ') or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (' NI 45-106 '), the Units will be offered for sale to purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the ' Listed Issuer Financing Exemption '). Since the LIFE Financing is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued to Canadian resident subscribers in the LIFE Financing will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the LIFE Financing that can be accessed under the Company's profile at and on the Company's website at Prospective investors should read this offering document before making an investment decision. About Volatus Aerospace Inc. Volatus is a leader in innovative global aerial solutions for intelligence and cargo. With over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems for a wide array of industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure. The Company is committed to enhancing operational efficiency, safety, and sustainability through cutting-edge aerial technologies. For more information, visit Forward-Looking Statements Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding closing and the expected closing date of the LIFE Financing; TSXV approval of the LIFE Financing; use of proceeds from the LIFE Financing; and the business, strategy, products, corporate vision, plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals, including but not limited to approval of the TSXV. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. For further information, please contact:
Yahoo
10-07-2025
- Business
- Yahoo
Volatus Announces Non-Brokered LIFE Financing of up to $10,000,000
Not for distribution to United States newswire services or for dissemination in the United States. Use of proceeds includes expansion into the defense business segment of the Company, increase inventory of drone systems to fulfill increased demand in the United States, Canada, and internationally, and for general working capital purposes. TORONTO, July 09, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) ('Volatus' or the 'Company') is pleased to announce that it has filed an offering document in connection with a non-brokered private placement of up to 19,230,770 units of the Company (the 'Units') at a price of $0.52 per Unit (the 'Issue Price') for gross proceeds of up to approximately $10,000,000 (the 'LIFE Financing'). Each Unit will be comprised of one common voting share in the capital of the Company ('Common Share') and one-half of one Common Share purchase warrant of the Company (each whole warrant, a 'Warrant'). Each Warrant will entitle the holder thereof to purchase one Common Share (each, a 'Warrant Share') at an exercise price of $0.76 per Warrant Share for a period of 36 months following the date of issuance. The Company intends to use the net proceeds of the LIFE Financing for expansion into the defense business segment of the Company, increase inventory of drone systems to fulfill increased demand in the United States, Canada, and internationally, and for general working capital and corporate purposes. The LIFE Financing is expected to close on or around July 16, 2025 or such other date or dates as the Company may decide (the 'Closing Date'). The LIFE Financing is subject to customary conditions including, but not limited to, receipt of all necessary TSX Venture Exchange ('TSXV'), regulatory and other approvals. The LIFE Financing may be closed in multiple tranches. The Company may choose to pay eligible finders a cash fee of up to 6% of the gross proceeds of the LIFE Financing. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the '1933 Act') or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ('NI 45-106'), the Units will be offered for sale to purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the 'Listed Issuer Financing Exemption'). Since the LIFE Financing is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued to Canadian resident subscribers in the LIFE Financing will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the LIFE Financing that can be accessed under the Company's profile at and on the Company's website at Prospective investors should read this offering document before making an investment decision. About Volatus Aerospace Inc. Volatus is a leader in innovative global aerial solutions for intelligence and cargo. With over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems for a wide array of industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure. The Company is committed to enhancing operational efficiency, safety, and sustainability through cutting-edge aerial technologies. For more information, visit Forward-Looking Statements Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding closing and the expected closing date of the LIFE Financing; TSXV approval of the LIFE Financing; use of proceeds from the LIFE Financing; and the business, strategy, products, corporate vision, plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals, including but not limited to approval of the TSXV. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. For further information, please contact: Abhinav Singhvi, CFO of +1 833-865-2887 Neither 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 in to access your portfolio
