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Hamilton Spectator
7 days ago
- Business
- Hamilton Spectator
Cornish Metals Announces Exercise of Stock Options and Issue of Equity
VANCOUVER, British Columbia, July 23, 2025 (GLOBE NEWSWIRE) — Cornish Metals Inc. (AIM/TSX-V: CUSN) ('Cornish Metals' or the 'Company'), a mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom, announces the exercise of stock options for 800,000 common shares without par value at an exercise price of 10 cents per common share ('New Shares') for an aggregate consideration of C$80,000 (equivalent to £43,316). The New Shares will rank pari passu with the existing shares and application has been made for the 800,000 New Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings in the New Shares will commence at 8:00am on or around July 28, 2025. The New Shares will also trade on the TSX Venture Exchange. Following Admission, Cornish Metals' Issued and Outstanding share capital will consist of 1,253,501,993 common shares. The Company does not hold any common shares in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company. Following the issue of the New Shares, the Company's outstanding stock options, warrants and performance share units are as set out in the table below: 1 Pursuant to the terms of the share option award, the exercise price of these options is £0.18 for non-Canadian option holders or $0.30 for Canadian option holders. 2 Pursuant to the terms of the share option award, the exercise price of these options is £0.085 for non-Canadian option holders or $0.14 for Canadian option holders. ABOUT CORNISH METALS Cornish Metals is a dual-listed mineral exploration and development company (AIM and TSX-V: CUSN) that is advancing the South Crofty tin project towards production. South Crofty: ON BEHALF OF THE BOARD OF DIRECTORS 'Don Turvey' Don Turvey CEO and Director Engage with us directly at our investor hub. Sign up at: For additional information please contact: 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 release . Caution regarding forward looking statements This news release may contain certain 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements'). Forward-looking statements include predictions, projections, outlook, guidance, estimates and forecasts and other statements regarding future plans, the realisation, cost, timing and extent of mineral resource or mineral reserve estimates, estimation of commodity prices, currency exchange rate fluctuations, estimated future exploration expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, requirements for additional capital and the Company's ability to obtain financing when required and on terms acceptable to the Company, future or estimated mine life and other activities or achievements of Cornish Metals. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'estimate', 'forecast', 'expect', 'potential', 'project', 'target', 'schedule', 'budget' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could', 'would' or 'might' occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this news release, are forward-looking statements that involve various risks and uncertainties and there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals, risks related to general economic and market conditions; risks related to the availability of financing; the timing and content of upcoming work programmes; actual results of proposed exploration activities; possible variations in Mineral Resources or grade; projected dates to commence mining operations; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. The list is not exhaustive of the factors that may affect Cornish's forward-looking statements. Cornish Metals' forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date such statements are made. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward- looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. Cornish Metals does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. Market Abuse Regulation (MAR) Disclosure The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.
Montreal Gazette
18-07-2025
- Entertainment
- Montreal Gazette
Brownstein: Satirist Roy Wood Jr. will win hearts at Just for Laughs
Festivals By Roy Wood Jr. should touch all the bases when he hits Just for Laughs — both literally and figuratively. One of the sharpest satirists on the continent, the former Daily show correspondent and host of CNN's Have I Got News for You news-panel series is equally adept at discoursing on American political buffoonery as he is on baseball. Audiences may even catch him sporting his beloved Expos jacket when he takes to the stage hosting a Gala, July 25 at Théâtre Maisonneuve, or when he does his solo 'experimental talk-show,' Today, Tonight … Tomorrow, July 26 at Théâtre Ste-Catherine. Though a lifelong Chicago Cubs fan, Wood can feel our city's collective pain on the loss of the 'Spos. He makes his living taking shots at the powers-that-be, but baseball remains his holy ground, and little is more sacred to him than the power of a home run as exemplified in his new TV special, Going, Going, Gone: The Magic of the Home Run, now streaming on Roku. Wood was in suburban Atlanta on Tuesday, both taking in the baseball All-Star Game in suburban Atlanta and commenting on the pure poetry of hitting dingers for the MLB Network. As always, Wood, who played some high-school and college ball, took his glove to the game — just in case. 'I love that old-school Expos logo and I'm also a big Andre Dawson fan,' says Wood in a Zoom interview, referring to the star outfielder known here as the Hawk, who spent most of his career with the Expos and Cubs. Wood, like many an up-and-coming comic, got his start in the JFL New Faces series in 2006 and came back a decade later to perform in another show. But this is the first time he'll do the fest as a solo artist. 'I felt that an Expos jacket as a non-Canadian would be the safest thing to wear,' he cracks, noting he purchased the jacket in — yikes — Toronto on a JFL tour — that didn't come to Montreal — two years ago. As a non-Canadian, he is also up to speed on the angst his president is imposing on Canadians with his ever-volatile trade tariffs. 'It's definitely a time now when as an American you're paying the price for someone else's policy,' he says, before jumping in with this chestnut: 'I just almost want that our voting results be made public so I could just go through Customs in the I-Didn't-Vote-for-Him Lane.' 'Regardless of what's happening on the federal level, Americans still have to pay close attention to state and local politics — when you look at the flash flooding that's happening in Texas that's taken over 100 lives. And when it's time to figure out who to blame, it's state and local … But I'm thankful to get up to Canada and argue with you guys about your politics,' he quips. Anything to get his mind off the current state of affairs back home. 'It's almost surreal what's happening now. You've got one group of Americans who are basically still celebrating the (Trump) win, but still can't really tell you what they won. There's another group of Americans still fighting it. And then there is a third group who are in their own Dystopian let-me-know-when-this-is-over type situation. It's like a roller-coaster … you've got people up front with their heads down and their eyes closed, and you've got people in the back hanging on for dear life. 'People who love Trump still love him, but we will still need more time on blowback of some of his policies. It will be interesting to see what happens with his cuts on Medicaid in the next couple of years, with his spending-bill cuts. I'm not calling it 'a Big Beautiful Bill.' That's part of the problem: Americans want to give everything a title to make everything more glorious than what it is. … Stop it. 'It used to be kick-ass to be an American … now you just have to tuck your head down and go whoops and say 'sorry about that.'' The good news is American political parodists have an abundance of fodder, and Wood's career has been going gangbusters of late. It shouldn't come as much of a surprise that with his carving skills, Wood headlined the White House Correspondents' Dinner in 2023 — under Biden as president — to its highest ratings since 2017. He also served as a Daily Show correspondent for eight years and later guest-hosted it for a period. Apart from his baseball special, he appears in the coming film comedy Outcome, alongside Keanu Reeves and Jonah Hill. And his book memoir, The Man of Many Fathers, will be released in October. 'That book is about all the dads who helped raise me after my father passed when I was 16,' elaborates Wood, the father of a 9-year-old son. 'We all encounter various people from whom we get our values. I don't feel our parents are exclusive instructors of a child's moral core. This is a collection of stories of random people, some of whom I can't even remember their names, and others like high-school coaches and Trevor Noah, all of whom helped me in one capacity or another. I'm just thankful to all these people who saw enough in me to take me under their wing. 'And I just want my son to learn and appreciate failure, because that is the key to success.'
16-07-2025
- Business
Oil industry continues focus on returning cash to investors over new big projects
While Alberta's oilpatch continues to make billions of dollars in profits, much of that money is finding its way into shareholder's pockets rather than toward major expansions of their operations. At the time of the last boom, oil producers poured a large portion of their earnings back into capital spending. In 2014, for example, oil and gas investment in Canada ranged around $80 billion. Today, it's closer to $30 billion, according to the latest numbers (new window) from the ARC Energy Research Institute, which models the entire Western Canadian Sedimentary Basin. It means that in recent years, a flood of cash hasn't sparked a surge of new projects in the province. Suncor's Fort Hills mine, the last major oilsands facility, opened in 2018. The real change in behaviour was really more around before 2020, where companies were putting a lot more of their cash flow into [capital expenditures] and growth, said Jackie Forrest, executive director of ARC. "After the 2020 period, it really shifted to today. Only about half of the cash flow is going toward [capital expenditures] and growth. The other half is going to shareholders. The governments are also a very significant stakeholder that is receiving almost as much as the shareholders. Of course, that benefits all Canadians through royalties and taxes. Canadian oil industry statistics: historical data and forecast | See interactive chart here (new window) The graph above shows after-tax cash flow, which is the money oil companies have left after covering their costs, including to governments. They use it to pay down debt, invest in projects, buy other assets, or give money back to shareholders through dividends and stock buybacks, said Richard Masson, an executive fellow at the University of Calgary's School of Public Policy and the former CEO of the Alberta Petroleum Marketing Commission. Masson noted companies are reinvesting about half of their after-tax cash flow, which is a higher ratio than during the early pandemic years. But most of that money goes toward maintaining current production, not expanding it, he said. There's only small amounts of that that are actually growth capital, he said. It's not bad, he added, but we haven't been able to really grow the industry because we haven't been assured of market access and good prices. What's at play? Charles St-Arnaud, chief economist at Alberta Central, the central banking facility for the province's credit unions, said available data for non-Canadian oil producers show similar patterns. They're also reinvesting less of their revenues into their operation, he said. St-Arnaud said there are many international factors at play here, one of them being forecasts such as from the International Energy Agency, which show oil demand plateauing somewhere in the 2030s and then gradually coming down. Does it make sense globally to invest massively in expanding oil production in this context? he said. Charles St-Arnaud is the chief economist at Alberta Central, a group representing credit unions in the province. Arnaud said the oil and gas industry may have reached a "mature phase" where companies are focused on optimizing existing operations rather than expanding production. Photo: Submitted by Charles St-Arnaud Masson, meanwhile, said future investment depends on a number of factors. It depends entirely on the resource, and on market access, and on access to capital, and on skill of the workforce, he said. "Canada is one of the more competitive places in the world for investment, and we have a lot of running room left. Even in a world that sees peak oil in the mid-2030s, because even then, almost all the actual forecasts, which are different than scenarios, most forecasts see a very shallow decline out past 2050. Enlarge image (new window) Pumpjacks operate in the Permian Basin east of Carlsbad, N.M., on May 20, 2025. Photo: AP Photo / Susan Montoya Bryan At the same time, global investor expectations have shifted, Masson said. "That grew out of the Permian [Basin] in Texas (new window) , where it was growing so rapidly, so much investment was happening, that shareholders kept adding more funds to the industry, but they weren't getting any returns," he said. Eventually, they got fed up with that and said, we need to see more cash coming back. And that trend spread from New York across Canada as well, where Canadian companies had to compete by returning cash to shareholders. Masson said industry leaders also continue to cite regulatory uncertainty, including when it comes to legislation like Bill C-69, also known as the Impact Assessment Act, and the proposed emissions cap, as barriers that are holding back new investment. Steady, but not busy In Fort McMurray, Alta., the heart of Alberta's oilsands, the volatile nature of the province's boom-and-bust oil industry has been witnessed first-hand over decades. These days, it seems things are neither boom nor bust. For Owen Erskine, owner of Mitchell's Cafe in downtown Fort McMurray, the past few years have been steady, but not busy. I don't think we've seen as much of a personnel boom as in years past … we're seeing more oil at some points, but I think they're kind of at a bit of a bottleneck where it comes to investment and that sort of thing, Erskine said. We're not seeing a crazy huge [rush of] out-of-town people coming into the city right now. Owen Erskine, who owns Mitchell's Cafe in downtown Fort McMurray, Alta., said things are steady in the oil sector with some big projects underway, but it's not the kind of boom that brings in waves of out-of-town workers. Photo: CBC / Kyle Bakx Erskine, who has lived in Fort McMurray going on 36 years, said the community is well-acquainted with the nature of the industry. What we're seeing now is, like, since the last couple of busts, we don't have such an intense boom, he said. The busts have become a little bit less jaw-dropping, especially as a small business like we are. The 'mature' phase Oil has been a boon for the province, but it also means that Alberta is heavily dependent on an income stream that will face challenges as the energy transition continues, according to St-Arnaud. [The government has] been very proactive at ensuring that those revenues are still there and protecting those revenues, because it's a big source of funding for the government, he said. If it's not there, there will be a very tough choice. And a very hard conversation is, do we keep the level of services or increase tax? In St-Arnaud's view, the industry may have reached a mature phase where companies are focused on optimizing existing operations rather than expanding production. As much as I was saying that the mid-2000s to the mid-2010s was the startup phase, well, we're in a mature phase where we're producing, he said. Those companies are making a very good return on those investments, and they don't see the need to expand dramatically. Jackie Forrest, the Executive Director of the ARC Energy Research Institute in Calgary, said investors have started to question whether they were likely to get their money back with companies always reinvesting capital. Photo: CBC / Colin Hall Masson, meanwhile, said the recent Trans Mountain pipeline expansion has helped, but is already nearing full capacity (new window) . Building new infrastructure, especially pipelines to the West Coast, could take up to a decade, making long-term planning difficult. It'll probably carry on in that range, $30 to $40 billion, for the future, until we know what we have for market access and we see some of the federal policies that the CEOs are talking about get changed, he said. The year ahead could also test how oil companies prioritize their money if prices drop, Forrest said. If we do get prices in the below $60 [US] or in the $60 [US] range, I think you're going to start to understand what the priority is, she said. And I think the shareholders are going to be a pretty big priority in terms of, if cash flow is more scarce, what they do with it. With files from Kyle Bakx
Hamilton Spectator
07-06-2025
- Sport
- Hamilton Spectator
Feelings come 'roaring back' for former CFL star quarterback Doug Flutie in Calgary
CALGARY - Doug Flutie expects to feel the itch Saturday. One of the greatest CFL quarterbacks of all time will be on the sidelines of the Calgary Stampeders' season-opener against the Hamilton Tiger-Cats as Flutie and other alumni celebrate the Stampeders' 80th anniversary. 'That's the problem. If I'm on the sideline, I want to pick up a ball and throw it. I don't want to get hit anymore though,' the 62-year-old Flutie said Friday at McMahon Stadium. Knowing he would attend a reunion of sorts, Flutie says he watched some of the games he played with the Stampeders from 1992 to 1995 when he won three of his record six awards for the CFL's Most Outstanding Player, and led Calgary to a Grey Cup victory in '92. The frigid '92 Western final at McMahon also stands out for Flutie. His shoe flew off while scoring the winning touchdown on a quarterback sneak with half a minute remaining in the game. 'So many fond memories, so emotional too,' said Flutie. 'I went and re-watched some parts of games just to remember all the guys for sure and the emotions come right back and seeing the hugs on the sideline, the joy or the passion to try to win it all. 'It all comes roaring back. How close that team was, all the hugs on the sideline, the emotion of the guys, the scene in the locker room afterwards, all that type of footage.' The NFL's initial disinterest in the undersized Boston College star pivot sent Flutie north of the border where he played for the B.C. Lions, the Stampeders and the Toronto Argonauts. Flutie won a pair of Grey Cups with the Argonauts. He still holds the record for the most passing yards in a single season with 6,619 in 1991 with the B.C. Lions. He threw for over 5,700 yards in five of his eight CFL seasons. Flutie's CFL exploits revitalized the NFL's interest and he went on to play for the Buffalo Bills, San Diego Chargers and New England Patriots. 'I am forever grateful to the CFL for kind of rekindling my career and getting me going and rebuilding my confidence, and it was fun,' Flutie said. 'When I was in the NFL, I was always fatigued. You're up early, you're in the office, extra long meetings all day, 12, 14-hour days. Because of the way this is set up, it's not like that. 'You had time on your own to go in and watch extra film if you felt like it. You hung out with the guys a lot more, so it was pure fun for eight years and I wouldn't change a thing.' Flutie was the first non-Canadian inducted into Canada's Sports Hall of Fame in 2007 and entered the Canadian Football Hall of Fame the following year. Calgary's current special advisor John Hufnagel was Flutie's offensive co-ordinator during the quarterback's Stampeder days. 'He taught me the CFL game, the passing game,' Flutie said. 'In a lot of interviews, I'll talk about how I called my own plays and then I got back to the NFL and was back to having a radio in your helmet. 'Well, I could call my own plays because I stole Huff's offence and went to Toronto with it, right?' Flutie will join Marcus Crandell, who signed a one-day contract this week to officially retire as a Stampeder, kicker Mark McLoughlin, receivers Nik Lewis and Jeremaine Copeland, running back Jon Cornish and linebacker Alex Singleton among Stampeders alumni Saturday. Head coach and general manager Dave Dickenson was Flutie's successor as the team's quarterback after the latter departed for the Argonauts in 1996. 'Happy to have a bunch of the guys here, but Doug to me is still the tops in the CFL ever,' Dickenson said. Flutie, who lives in Florida and says he surfs a lot, addressed Dickenson's team Friday ahead of its first game of the 2025 season. 'My words of advice, different perspective, I'm 62 years old now, it's a short window of time, enjoy it, get to know each other,' Flutie said. 'Don't be lazy, be prepared and take advantage of the situation because it doesn't last long.' This report by The Canadian Press was first published June 6, 2025.
Yahoo
07-06-2025
- Sport
- Yahoo
Feelings come "roaring back" for former CFL star quarterback Doug Flutie in Calgary
CALGARY — Doug Flutie expects to feel the itch Saturday. One of the greatest CFL quarterbacks of all time will be on the sidelines of the Calgary Stampeders' season-opener against the Hamilton Tiger-Cats as Flutie and other alumni celebrate the Stampeders' 80th anniversary. Advertisement "That's the problem. If I'm on the sideline, I want to pick up a ball and throw it. I don't want to get hit anymore though," the 62-year-old Flutie said Friday at McMahon Stadium. Knowing he would attend a reunion of sorts, Flutie says he watched some of the games he played with the Stampeders from 1992 to 1995 when he won three of his record six awards for the CFL's Most Outstanding Player, and led Calgary to a Grey Cup victory in '92. The frigid '92 Western final at McMahon also stands out for Flutie. His shoe flew off while scoring the winning touchdown on a quarterback sneak with half a minute remaining in the game. "So many fond memories, so emotional too," said Flutie. "I went and re-watched some parts of games just to remember all the guys for sure and the emotions come right back and seeing the hugs on the sideline, the joy or the passion to try to win it all. Advertisement "It all comes roaring back. How close that team was, all the hugs on the sideline, the emotion of the guys, the scene in the locker room afterwards, all that type of footage." The NFL's initial disinterest in the undersized Boston College star pivot sent Flutie north of the border where he played for the B.C. Lions, the Stampeders and the Toronto Argonauts. Flutie won a pair of Grey Cups with the Argonauts. He still holds the record for the most passing yards in a single season with 6,619 in 1991 with the B.C. Lions. He threw for over 5,700 yards in five of his eight CFL seasons. Flutie's CFL exploits revitalized the NFL's interest and he went on to play for the Buffalo Bills, San Diego Chargers and New England Patriots. Advertisement "I am forever grateful to the CFL for kind of rekindling my career and getting me going and rebuilding my confidence, and it was fun," Flutie said. "When I was in the NFL, I was always fatigued. You're up early, you're in the office, extra long meetings all day, 12, 14-hour days. Because of the way this is set up, it's not like that. "You had time on your own to go in and watch extra film if you felt like it. You hung out with the guys a lot more, so it was pure fun for eight years and I wouldn't change a thing." Flutie was the first non-Canadian inducted into Canada's Sports Hall of Fame in 2007 and entered the Canadian Football Hall of Fame the following year. Advertisement Calgary's current special advisor John Hufnagel was Flutie's offensive co-ordinator during the quarterback's Stampeder days. "He taught me the CFL game, the passing game," Flutie said. "In a lot of interviews, I'll talk about how I called my own plays and then I got back to the NFL and was back to having a radio in your helmet. "Well, I could call my own plays because I stole Huff's offence and went to Toronto with it, right?" Flutie will join Marcus Crandell, who signed a one-day contract this week to officially retire as a Stampeder, kicker Mark McLoughlin, receivers Nik Lewis and Jeremaine Copeland, running back Jon Cornish and linebacker Alex Singleton among Stampeders alumni Saturday. Advertisement Head coach and general manager Dave Dickenson was Flutie's successor as the team's quarterback after the latter departed for the Argonauts in 1996. "Happy to have a bunch of the guys here, but Doug to me is still the tops in the CFL ever," Dickenson said. Flutie, who lives in Florida and says he surfs a lot, addressed Dickenson's team Friday ahead of its first game of the 2025 season. "My words of advice, different perspective, I'm 62 years old now, it's a short window of time, enjoy it, get to know each other," Flutie said. "Don't be lazy, be prepared and take advantage of the situation because it doesn't last long." This report by The Canadian Press was first published June 6, 2025. Donna Spencer, The Canadian Press
