In an increasingly eco-conscious global market, Carbonxt makes a compelling investment case, leveraging a growing addressable market driven by regulatory changes and strategic partnerships. This addressable market is anticipated to grow substantially with the introduction of new regulations targeting PFAS and other environmental contaminants.
Activated carbon, derived from materials like coconut husks and coal, is a critical tool for filtering contaminants from air and water. Its effectiveness comes from a unique oxidation process that creates a vast network of microscopic pores, dramatically increasing surface area. This versatility makes activated carbon essential across industries, including healthcare, agriculture, oil and gas, and food processing.
For large-scale industrial applications, activated carbon is available in powdered, pellet, and granular forms, with prices ranging from US$2,000 to US$6,000 per tonne—presenting a significant market opportunity.
Carbonxt Group (ASX:CG1) is positioned to capitalize on this demand. As an innovative manufacturer of custom activated carbon, Carbonxt has expanded its reach through a partnership with US-based Kentucky Carbon Processing, forming the joint venture NewCarbon. This partnership enhances Carbonxt’s market potential and strengthens its gross margins.
A key driver of Carbonxt’s growth is its new Inez Power Activated Carbon Plant in Kentucky, which focuses on water treatment—a sector set for transformation due to new US regulations targeting PFAS contamination. PFAS, so-called "forever chemicals," persist in water, soil and even human bodies, with links to serious health issues like cancer, thyroid disease and developmental disorders.
The EPA’s Clean Water Act and the Bipartisan Infrastructure Deal allocate $10 billion to combat PFAS pollution, forcing water utilities to upgrade their filtration systems. Carbonxt’s specialized activated carbon solutions are designed to meet this demand. Through NewCarbon, the company is repurposing a waste-to-energy plant into an advanced activated carbon facility, significantly expanding its production capacity.
With 50,000 water utilities across the US accounting for half the granular activated carbon market, Carbonxt is strategically positioned to challenge industry incumbents and reshape the sector.
In addition to the Kentucky facility, Carbonxt has two more production facilities in the US: the Black Birch Powdered Activated Carbon Facility in Georgia and the Arden Hills Pelletization Plant in Minnesota. These facilities have a combined current total capacity of 13,500 tons per annum. The company plans to expand this capacity to 43,500 tonnes per annum by 2027.
Carbonxt designs specialized activated carbon products for its customers, which consist primarily of industrial sector organizations and power utilities. Available in pellet and powder form, the company's oxidizing, non-brominated activated carbons are non-corrosive and designed to remain efficient throughout their entire lifecycle. Although Carbonxt’s origin and listing is in Australia, its products are manufactured and distributed exclusively within the United States.
Carbonxt is currently focused on developing an activated carbon manufacturing facility in Kentucky, the result of a joint partnership with Kentucky Carbon Processing. Once this facility is operational, water utility companies are expected to form a much larger part of its customer base. The facility is also expected to re-invigorate the company's industrial pellet market sales.
Highlights:
Carbonxt operates three U.S.-based production facilities, each specializing in a key segment of the activated carbon market.
Inez Power Activated Carbon Plant (Kentucky) – The newest and most advanced facility, producing 6,000 tons annually (expanding to 10,000 tons). Designed for granular and pelletized activated carbon, this plant boasts a 99 percent PFOA removal rate, positioning Carbonxt for dominance in PFAS removal and the liquid-phase filtration market—which is twice the size of the air-phase market.
Black Birch Powdered Activated Carbon Facility (Georgia) – Produces 6,000 tons annually (expanding to 10,000 tons), specializing in wood-based powdered activated carbon for industrial applications, including MatsPAC, AquaPAC and CEMPAC product lines.
Arden Hills Pelletization Plant (Minnesota) – Focuses on pelletized wood and lignite carbons, primarily for mercury removal and emissions control. Currently producing 7,500 tons, with key products NAQ-ACP and CTC-ACP.
Dr. David Mazyck is a world-leading expert on activated carbon (AC) and its applications including mercury capture. He has developed AC products for major multinational AC manufacturers and has regularly consulted them on technical issues. Mazyck is the former chairman of the Activated Carbon Standards Committee for the American Waterworks Association and has developed products for NASA.
He received his PhD in environmental engineering from Penn State University, where he also earned a PhD minor in fuel science.
Matthew Driscoll has significant experience across several industries, including online technologies, financial services, fintech, cleantech, property and resources. He has more than 30 years’ experience in capital markets and the financial services industry and is an accomplished company director in roles across listed and private companies.
He has significant experience in international business growth, mergers and acquisitions, equity and debt raisings and building strategic alliances. His current directorships include NED Energy Technologies, NED Blina Minerals, NED Eco Systems, and NED Smoke Alarms Holdings.
Warren Murphy has led a large number of acquisitions and financings across the energy, resources and infrastructure sectors. This includes the development of over 2,000 MW of Greenfields power stations and the acquisition of over 3,000 MW of generation assets.
He was co-head of the Australian Infrastructure & Project Finance Group and Head of Energy at Babcock & Brown based in the Sydney office and led the development of Babcock & Brown’s energy sector capability in Australia and New Zealand, including the founding of Infigen Energy and its unlisted predecessor, Global Wind Partner, where he served as a director from inception until June 2009.
Murphy was also a director of the ASX-listed Alinta and Sydney Gas, as well as the unlisted Coogee Resources.
Imtiaz Kathawalla was a vice-president at NYSE-listed Cabot Corporation, a global specialty chemical company where he had a 27-year career. Kathawalla's most recent position with Cabot Corporation was as general manager of Cabot's purification solutions division. He ran the group's US$300-million global activated carbon business where he oversaw a material increase in EBITDA before managing the sale of the business to a large private equity group.
Nicholas Andrews has held the role of executive chairman and CEO at Magontec (ASX:MGL), an established business in the global magnesium sector. He is a member of the executive committee and serves on the board of the International Magnesium Association. Prior to his executive career, Andrews held several senior roles in the financial services sector across both investment management and investment banking.
Purpose-built advanced carbon for healthier communities
(TheNewswire)
 | |||||||||
 |  |  |  | ||||||
Edmonton, Alberta June 18, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), Bitcoin Well Canada Ltd. (" Bitcoin Well Canada "), a wholly-owned subsidiary of the Company, has received a judgment from the Court of King's Bench of Alberta against Rapid Cash ATM Ltd. (" Rapid Cash " or " Rapid Cash ATM" ) in the amount of $541,988.88, plus costs in the amount of $9,988.15.
On February 1, 2024, Bitcoin Well Canada filed an application in Court of King's Bench of Alberta File No. 2301-14199 (the " Action ") seeking partial summary judgment against Rapid Cash for the return of over $0.5 million withheld by Rapid Cash following termination of the parties' Hosting Agreement in late 2023 (the " Summary Judgment Application ").
On February 20, 2025, the Court of King's Bench released its written Endorsement with respect to the Summary Judgment Application (the " Decision "), finding that "it is manifestly unjust to allow Rapid Cash to hold onto Bitcoin Well [Canada]'s money pending adjudication of the damages claims" and observing that "the wording of the agreement is more consistent with Bitcoin Well [Canada]'s position than with Rapid Cash's position". In the result, the Court granted the Summary Judgment Application and ordered Rapid Cash to pay Bitcoin Well Canada the amount of $509,582.11, plus pre-judgment interest in the amount of $32,406.77, for a total judgment of $541,988.88 (the " Judgment " ). The Court subsequently ordered Rapid Cash to pay Bitcoin Well Canada costs for the application in the amount of $9,988.15. Full copies of the Court's Decision can be found here and the resulting Order can be found here
On May 1, 2025, Rapid Cash filed an application (the " Stay Application ") seeking to stay enforcement of the Judgment pending Rapid Cash's ongoing appeal of the Decision, which is currently scheduled for November 5, 2025 (the " Appeal "). On June 13, 2025, the Court dismissed Rapid Cash's Stay Application, such that the Judgment remains in effect.
Further, Bitcoin Well intends to vigorously defend the Appeal and pursue the balance of Bitcoin Well Canada's claims against Rapid Cash, which seek damages for Rapid Cash's alleged improper termination of the parties' agreement, and likewise defend Rapid Cash's counterclaims in the Action.
Copies of the decision and other materials filed in the Action are publicly available and may be obtained from the Court of King's Bench of Alberta.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company"), a Canadian-based provider of nature-based carbon credit solutions, is pleased to announce an open call for strategic partnerships to support the scale-up of its closed-loop, on-farm carbon removal program — already operating with 13 Alberta farms and over 10,000 acres of regenerative hemp cultivation.
The initiative builds on Hempalta's existing verified success and aims to expand to 25,000 acres in Alberta, delivering high-durability carbon removal credits through the transformation of agricultural waste into biochar — a nature-based climate solution recognized for its permanence and co-benefits to soil health.
Using a full-circle model, industrial hemp is grown, harvested, converted to biochar on the same farm, and reintroduced into the soil - turning agricultural biomass into a long-term carbon sink while enriching farmland and reducing waste.
Partnership opportunities are open in the following areas:
Farming & Indigenous Partnerships — Growers interested in adding a minimum of 1,000 acres of hemp to their crop rotation, regenerative agriculture and on-farm biochar systems.
Carbon Credit Buyers — Hempalta's carbon credits are third-party verified under ISO 14064-2 by Control Union and tracked via its blockchain-enabled registry. The Company is currently securing partners for a 5-year offtake agreement covering up to 100,000 tonnes per year of high-durability biochar carbon credits, undergoing alignment review with Alberta's TIER Protocol with >100-year permanence and also available on the Voluntary Carbon Market.
Technology Innovators — Biochar tech companies offering mobile or modular pyrolysis systems for on-farm biomass conversion. Ideal partners enable field-level biochar deployment, turning agricultural waste into long-term carbon storage. This also supports seamless integration with MRV systems, enabling full traceability, auditability, and credit issuance across distributed farm sites.
Corporate ESG Leaders — Community-Rooted Climate Partners - Companies looking to support circular, community-driven climate solutions. These partners can co-fund biochar deployment, purchase branded or unbranded carbon credits, or co-invest in regenerative agriculture infrastructure — with measurable social impact, Indigenous engagement, and long-term carbon outcomes tied to Alberta-based projects.
"We're already working with over a dozen farms in Alberta and we've verified more than 44,000 tonnes of carbon removal," said Darren Bondar, CEO of Hempalta. "This isn't theory, it's the planned evolution and it's happening. It's one of the most scalable nature-based carbon models in Canada and will set the precedent for our other global partnerships that are already part of our regenerative agriculture program," said Darren Bondar, CEO of Hempalta.
"By closing the loop on-farm, we reduce waste, regenerate soil, and create high-integrity, carbon credits designed to meet Alberta's TIER compliance standards — with full traceability and permanence. Our credits are also structured to meet evolving global standards under the Voluntary Carbon Market and Article 6.2 of the Paris Agreement, making them ideal for both Alberta-based emitters and international ESG buyers. We're now opening the door for more partners to scale it with us."
As Alberta navigates a wave of incoming data centers and industrial growth, Hempalta believes the province must also scale its carbon infrastructure in parallel. "You can't unlock the next generation of digital infrastructure without climate infrastructure to balance it," Bondar added. "Our project is that solution — made in Alberta, built on nature, and future-proofed through technology."
Hempalta's carbon credits are verified under ISO 14064-2 by Control Union and tracked through its blockchain-enabled registry, Trusted Carbon. The Company is actively securing multi-year offtake partners for a proposed $45M, 5-year carbon credit delivery framework, subject to regulatory review and market demand.
Interested partners can learn more or submit inquiries at:
carboncredits@hempalta.com | www.hempalta.com
About Hempalta Corp.
Hempalta Corp. (TSXV: HEMP) is advancing scalable, nature-based carbon removal through industrial hemp and on-farm biochar deployment. Through its subsidiary Hemp Carbon Standard, the Company provides ISO-certified carbon credits verified via AI, satellite monitoring, and blockchain infrastructure.
Media Contact:
Darren Bondar
CEO, Hempalta Corp.
invest@Hempalta.com
www.hempalta.com |Â www.hempcarbonstandard.org |Â www.trustedcarbon.org |
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 press release.
Forward-Looking Information
This news release contains statements and information that, to the extent they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is typically, but not always, identified by the use of words such as "expects," "plans," "continues," "intends," "anticipates," "potential," "aims," "will," and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts. Forward-looking information in this news release includes, but is not limited to, statements regarding: the Company's ability to secure new strategic partnerships; the Company focusing on nature-based carbon credit generation; the Company focusing on scaling carbon credit issuance; the sale of verified carbon credits; the Company seeking to establish multi-year offtake agreements; the Company remaining focused on unlocking long-term value through its pivot to carbon credit markets; the sale of TIER-eligible and voluntary market carbon credits; the long-term permanence of biochar-based removals; the scalability of its nature-based carbon model and the Company building a scalable platform to support nature-based climate solutions. Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: continued support from major shareholders and new investors; demand for nature-based carbon removal credits; successful onboarding of additional farmers and indigenous partners; favorable regulatory conditions;Â availability and deployment of biochar systems at scale; supportive market conditions and regulatory alignment in Alberta and internationally; and Hempalta's ability to execute its strategic plan and secure necessary financing or credit offtake agreements on reasonable terms. Although the Company believes that the assumptions and factors on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking information will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Actual results may vary from those currently anticipated due to a number of factors and risks, including, but not limited to: economic conditions and capital market volatility; changes in carbon credit market demand or pricing; regulatory changes; operational risks, including the ability to successfully implement the Hemp Carbon Standard program at scale; the Company has limited financial resources and may require additional funds to continue operating; the Company may not generate sufficient revenue to maintain operations; the forecasts and models of the Company could be inaccurate; the risk that the Company may not be able to sell carbon removal credits as anticipated or at all; inability to retain key personnel; delays in technology deployment or verification; economic volatility or disruptions to financing; and weather-related challenges impacting hemp cultivation. The forward-looking information included in this news release is made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise, except as required by applicable law.
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255766
News Provided by Newsfile via QuoteMedia
(TheNewswire)
VANCOUVER, Canada June 1 1, 2025 TheNewswire The Investing News Network (INN) has published a new sponsored INNspired article titled " Recycling Rare Earths: Path to Securing North American Supply Chains ," highlighting how technological innovation is reshaping the rare earth sector through sustainable recycling solutions.
As global demand for rare earth magnets accelerates—driven by electric vehicles, renewable energy systems, and high-performance computing—the need for secure, domestic sources of these critical materials has become a strategic priority for the United States. The article explores how rare earth recycling is emerging as a viable and scalable response to supply chain risks and environmental concerns.
Featured in the article is CoTec Holdings Corp. (TSXV: CTH | OTCQB: CTHCF) , a Vancouver-based company advancing a low-emission, high-efficiency rare earth magnet recycling technology through its U.S. joint venture with HyProMag USA. The company's process—developed by researchers at the University of Birmingham—uses hydrogen to extract high-purity magnet powder from end-of-life products, eliminating the need for high-temperature smelting or chemical leaching.
"This story is bigger than just critical minerals—it's about energy security, technological resilience, and building clean supply chains right here in North America," said Chris Hogg, Chief Revenue Officer at INN. "We're proud to spotlight companies like CoTec that are innovating practical solutions with real economic and strategic value."
CoTec, which owns a majority interest in HyProMag USA, is developing a rare earth magnet recycling facility in the Dallas–Fort Worth region, positioning it to serve U.S. manufacturing and defense industries with domestically sourced materials.
This INNspired article is part of CoTec Holdings' investor awareness campaign and is considered sponsored content. INNspired articles are produced in collaboration with sponsoring companies to help investors understand the macro trends, technologies, and corporate strategies shaping emerging sectors.
Read the full article here:
https://investingnews.com/recycling-rare-earths-path-to-securing-north-american-supply-chains/
About CoTec
CoTec is a publicly traded investment issuer listed on the TSXV and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec's strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.
For more information, please visit www.cotec.ca.
About the Investing News Network
The Investing News Network is a trusted destination for independent news and education for investors in the resource, tech, and life science sectors. Through sponsored content, digital campaigns, and lead generation programs, INN connects high-conviction investors with public companies across North America , Australi a and Europe.
For more information, please visit www.investingnews.com
Media Contact:
Chris Hogg
Chief Revenue Officer
Investing News Network
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
VANCOUVER, Canada June 1 0 2025 TheNewswire - The Investing News Network (INN) has published a new sponsored INNspired article titled " Recycling Rare Earths: Path to Securing North American Supply Chains ," highlighting how technological innovation is reshaping the rare earth sector through sustainable recycling solutions.
As global demand for rare earth magnets accelerates—driven by electric vehicles, renewable energy systems, and high-performance computing—the need for secure, domestic sources of these critical materials has become a strategic priority for the United States. The article explores how rare earth recycling is emerging as a viable and scalable response to supply chain risks and environmental concerns.
Featured in the article is CoTec Holdings Corp. (TSXV: CTH | OTCQB: CTHCF) , a Vancouver-based company advancing a low-emission, high-efficiency rare earth magnet recycling technology through its U.S. joint venture with HyProMag USA. The company's process—developed by researchers at the University of Birmingham—uses hydrogen to extract high-purity magnet powder from end-of-life products, eliminating the need for high-temperature smelting or chemical leaching.
"This story is bigger than just critical minerals—it's about energy security, technological resilience, and building clean supply chains right here in North America," said Chris Hogg, Chief Revenue Officer at INN. "We're proud to spotlight companies like CoTec that are innovating practical solutions with real economic and strategic value."
CoTec, which owns a majority interest in HyProMag USA, is developing a rare earth magnet recycling facility in the Dallas–Fort Worth region, positioning it to serve U.S. manufacturing and defense industries with domestically sourced materials.
This INNspired article is part of CoTec Holdings' investor awareness campaign and is considered sponsored content. INNspired articles are produced in collaboration with sponsoring companies to help investors understand the macro trends, technologies, and corporate strategies shaping emerging sectors.
Read the full article here:
https://investingnews.com/recycling-rare-earths-path-to-securing-north-american-supply-chains/
About CoTec
CoTec is a publicly traded investment issuer listed on the TSXV and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec's strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.
For more information, please visit www.cotec.ca.
About the Investing News Network
The Investing News Network is a trusted destination for independent news and education for investors in the resource, tech, and life science sectors. Through sponsored content, digital campaigns, and lead generation programs, INN connects high-conviction investors with public companies across North America , Australi a and Europe.
For more information, please visit www.investingnews.com
Media Contact:
Chris Hogg
Chief Revenue Officer
Investing News Network
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce that the Company is extending the closing of its non-brokered private placement financing (the "Offering") to July 9, 2025. The Offering was originally announced on February 5, 2025, and later upsized as announced on May 1, 2025. The upsized Offering is comprised of up to 57,000,000 common shares of the Company at a price of $0.015 per share for gross proceeds of up to $855,000.
On March 31, 2025, the Company closed the first tranche the Offering and issued 23,666,666 common shares at $0.015 per share for proceeds of $355,000. The proposed payments from the first tranche proceeds included $183,600 to pay the outstanding fees to non-arm's length creditors.
Proceeds of the private placement will be used primarily for general working capital purposes. The payments to persons conducting Investor Relations Activities shall not exceed 10% of the proceeds.
Closing of the Offering is subject to acceptance by the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a four-month hold period from the closing date under applicable Canadian securities laws.
It is anticipated that some directors and insiders will participate in the future tranches of the Offering. The issue of shares (to the extent subscribed for by insiders) constitute "related party transactions" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), as the subscribers include directors of the Company. The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the shares in reliance on the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the shares does not exceed 25% of the Company's market capitalization.
About International Lithium Corp.
While the world's politicians are currently divided on the future of the energy market's historic dependence on oil and gas and on "Net Zero", there seems a clear and unstoppable momentum towards electric vehicles and electric battery storage. We have also seen the clear and increasingly urgent wish by the USA and Canada and other major economies to safeguard their supplies of critical metals and to become more self-sufficient. Our Canadian projects, which contain lithium, rubidium and copper, are strategic in that respect.
Our key mission in the next decade is to make money for our shareholders from lithium and other battery metals and rare metals while at the same time playing our part in creating a greener, cleaner planet and less polluted cities. This includes optimizing the value of our existing projects in Canada as well as finding, exploring and developing projects that have the potential to become world class deposits. We have announced separately that we regard Zimbabwe as an important strategic target market for ILC, and that we have applied for and hope to receive EPOs there. We hope to be able to make announcements over the next few weeks and months.
The Company's interests in various projects now consists of the following, and in addition the Company continues to seek other opportunities:
| Name | Metal | Location | Area (Hectares) | Current Ownership Percentage | Future Ownership percentage if options exercised or work carried out | Operator or JV Partner |
| Raleigh Lake | Lithium Rubidium | Ontario | 32,900 | 100% | 100% | ILC |
| Firesteel | Copper Cobalt | Ontario | 6,600 | 90% | 90% | ILC |
| Wolf Ridge | Lithium | Ontario | 5,700 | 0% | 100% | ILC |
| Mavis Lake | Lithium | Ontario | 2,600 | 0% | 0% (carries an extra earn-in payment of CAD$ 0.7 million if resource targets met) | Critical Resources Ltd (ASX: CRR) |
| Avalonia* | Lithium | Ireland | 29,200 | 0% | 2.0% Net Smelter Royalty | Ganfeng Lithium |
| Forgan/ Lucky Lakes | Lithium | Ontario | 0% | 1.5% Net Smelter Royalty | Ultra Lithium Inc. (TSXV: ULT) | |
| *Sale not completed yet | ||||||
Â
The Company's primary strategic focus at this point is on the Raleigh Lake lithium and rubidium project and the Firesteel copper project in Canada and on obtaining EPOs and mineral claims in Zimbabwe.
The Raleigh Lake Project now consists of 32,900 hectares (329 square kilometres) of mineral claims in Ontario and is ILC's most significant project in Canada. Drilling has so far been on less than 1,000 hectares of our claims. A Preliminary Economic Assessment (PEA) was published for ILC's lithium at Raleigh Lake in December 2023, with detailed economic analysis of ILC's separate rubidium resource still to come. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free. The project has excellent access to roads, rail and utilities.
A continuing goal has been to remain a well-funded company to turn our aspirations into reality, and following the disposal of the Mariana project in Argentina in 2021, the Mavis Lake project in Canada in January 2022, and the Avalonia project in 2024 (sale not completed yet), ILC has achieved sufficient inward cashflow to be able to make progress with its exploration projects.
With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil" and is a key part of a green energy sustainable economy. By positioning itself with projects with significant resource potential and with solid strategic partners, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.
On behalf of the Company,
John Wisbey
Chairman and CEO
For further information concerning this news release please contact +1 604-449-6520
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.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the timing of completion of the Offering and the amounts to be raised, effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Firesteel or Wolf Ridge projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or copper recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, budgeted expenditures and planned exploration work on the Company's projects, increased value of shareholder investments, the potential from the company's third party earn-out or royalty arrangements, and assumptions about ethical behaviour by our joint venture partners or third party operators of projects. Such forward-looking information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254998
News Provided by Newsfile via QuoteMedia
Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company"), a Canadian-based provider of nature-based carbon credit solutions, today issued a corporate update outlining recent developments in its strategic transition.
Equipment Sale Update
On May 22, 2025, Hempalta announced its wholly owned subsidiary, Hempalta Processing Inc. ("HPI"), had entered into a US$1.15 million agreement to sell its hemp processing and biochar equipment (the "Transaction"). Despite follow up discussions and repeated assurances, the purchase price has not been paid to HPI; accordingly, HPI has retained ownership of all equipment and associated intellectual property and has reinitiated the asset sale process. Interested parties may contact the Company for additional details.
FCC Forbearance Agreement
In connection with the termination of the Transaction, HPI, has entered into a forbearance agreement with Farm Credit Canada ("FCC") dated effective June 2, 2025. This agreement extends protection through June 30, 2025, providing HPI time to complete a revised monetization plan for its processing assets while maintaining transparency and compliance with its senior lender.
Carbon Credit Market Momentum Continues
The Company's 2024 carbon credits now total 29,448 tonnes of COâ‚‚ removal across 12,669 acres under the Hemp Carbon Standard. These credits are available for purchase via the Company's Cloverly storefront (hempcarbonstandard.cloverly.app), and discussions with corporate buyers are ongoing.
CEO to Speak at Canadian Climate Investor Conference
Hempalta President and CEO Darren Bondar will be speaking at the 2025 Canadian Climate Investor Conference hosted by the Toronto Stock Exchange (TSX and TSXV) on June 11, 2025, at the Arcadian Court in Toronto. Mr. Bondar will outline Hempalta's strategic pivot to nature-based carbon credit markets and showcase the scalable growth opportunity through its Hemp Carbon Standard platform.
About Hempalta Corp.
Hempalta Corp. (TSXV: HEMP) is a Canadian clean-tech company focused on high-integrity carbon removal credits derived from industrial hemp. Through its wholly owned subsidiary, Hemp Carbon Standard Inc., the Company supports regenerative agriculture, biochar deployment, and AI-powered MRV to deliver transparent, verifiable carbon credits aligned with global climate goals.
Learn more at www.hempalta.com or contact Investor Relations at invest@hempalta.com.
For more information, please contact:
| Investor Relations Hempalta Corp. Email: info@hempalta.com Website: www.hempalta.com | Hempalta Corp. Web: https://www.hempalta.com/ Email:info@hempalta.com |
Â
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 press release.
Forward-Looking Information
This news release contains statements and information that, to the extent they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is typically, but not always, identified by the use of words such as "expects," "plans," "continues," "intends," "anticipates," "potential," "aims," "will," and similar expressions, including negatives thereof.
Forward-looking information in this news release includes, but is not limited to, statements regarding: the Company's ability to complete the sale of its hemp processing and biochar equipment; the resolution of the outstanding forbearance with Farm Credit Canada (FCC);Â negative cash flow from operations and the Company's ability to operate as a going concern; the anticipated proceeds and timing of any asset sales; the scaling of the Hemp Carbon Standard platform; the sale of verified carbon credits; the development of new corporate offtake agreements; and the Company's broader growth initiatives under Hempalta carbon credit platform.
Such forward-looking information is based on assumptions and expectations, including but not limited to: the Company's ability to remarket and sell the equipment; continued support from major shareholders and new investors; demand for nature-based carbon removal credits; successful onboarding of additional farmers; favorable regulatory conditions; and Hempalta's ability to execute its strategic plan and secure necessary financing on reasonable terms.
Although the Company believes the assumptions and expectations reflected in the forward-looking information are reasonable, undue reliance should not be placed on them, as actual results may differ materially due to known and unknown risks. These risks include, but are not limited to: economic conditions and capital market volatility; failure to close the asset sale or private placement; changes in carbon credit market demand or pricing; regulatory changes; inability to retain key personnel; weather-related challenges impacting hemp cultivation; and those risks set forth in the Company's public disclosure documents available on SEDAR+ at www.sedarplus.ca.
Forward-looking information in this news release is provided as of the date hereof, and the Company does not undertake to update such information except as required by applicable securities laws.
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254819
News Provided by Newsfile via QuoteMedia