Welcome to our dedicated page for Cleantech news (Ticker: FLYNF), a resource for investors and traders seeking the latest updates and insights on Cleantech stock.
CleanTech Vanadium Mining Corp. (FLYNF) drives innovation in nickel sulphide and vanadium exploration, supplying critical minerals for sustainable technologies. This news hub provides investors and industry stakeholders with timely updates on operational milestones, technical advancements, and strategic developments.
Access authoritative reporting on resource estimates, project expansions, and corporate initiatives. Our curated collection features press releases covering exploration results from the Minago nickel project in Manitoba, updates on Nevada's Gibellini vanadium operations, and insights into CleanTech's technical evaluation processes.
Discover updates on:
• Mineral resource estimations using CIM Standards
• Strategic acquisitions enhancing critical mineral portfolios
• Technical advancements in nickel/vanadium extraction
• Operational updates from North American projects
Bookmark this page for centralized access to verified CleanTech developments. Monitor progress in sustainable mining practices and critical mineral supply chain contributions through our comprehensive news aggregation.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) announced its upcoming corporate name change to CleanTech Vanadium Mining Corp., effective November 5, 2024. The company will trade under the new ticker symbol CTV on the TSX Venture Exchange. Shareholders approved this change on October 21, 2024. The company's ISIN and CUSIP numbers will update to CA18453A1012 and 18453A101, respectively. No action is required from shareholders, and existing share and warrant certificates remain valid without need for exchange.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) has closed the second tranche of its non-brokered private placement, raising $58,000 through the issuance of 1,160,000 units at $0.05 per unit. Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.06 for three years. The proceeds will be used for general working capital and administrative purposes.
The company has also appointed Alex Bayer as Chief Legal Officer, effective October 2, 2024. Bayer, a corporate securities lawyer with over 15 years of experience in the mining sector, has been granted 200,000 stock options at an exercise price of $0.055, vesting quarterly over two years. Additionally, Sara Knappe has been appointed as Corporate Secretary, replacing Marion McGrath.
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB:ORLCF) has filed an early warning report regarding its increased stake in Flying Nickel Mining Corp. (FLYNF). Through a statutory plan of arrangement with Nevada Vanadium Mining Corp., Oracle acquired 33,957,143 common shares of Flying Nickel, valued at approximately $2,037,429. This acquisition boosted Oracle's ownership to 42,799,502 shares and 1,737,587 warrants, representing about 28.93% of Flying Nickel's shares on a partially diluted basis. Previously, Oracle held 10.04% of Flying Nickel's outstanding shares. Oracle states its investment is long-term but reserves the right to adjust its position based on market conditions and other factors.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) and Nevada Vanadium Mining Corp. have successfully completed their merger on August 16, 2024. The arrangement involved Flying Nickel acquiring 100% of Nevada Vanadium's shares, making it a wholly owned subsidiary. Nevada Vanadium shareholders received one Flying Nickel share for each NVMC share held, resulting in Flying Nickel issuing approximately 65,893,359 shares.
Post-merger, Flying Nickel's board of directors consists of four members: Greg Hall, Masa Igata, Neil Duboff, and John Lee. The senior management team includes John Lee as CEO, Ron Espell as President, Robert Van Drunen as COO, Andrew Yau as CFO, and Marion McGrath as Corporate Secretary. Nevada Vanadium's board now has a single director, Greg Hall.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) announced that shareholders have overwhelmingly approved the arrangement with Nevada Vanadium Mining Corp. at the annual general and special meeting held on July 23, 2024. The arrangement resolution was approved by 94.94% of eligible votes cast by disinterested shareholders. Nevada Vanadium shareholders also approved the arrangement. The closing is expected in August 2024, subject to final court, stock exchange, and regulatory approvals.
Additionally, all other resolutions proposed at the meeting were passed, including the election of directors Greg Hall, John Lee, Masateru Igata, and Neil Duboff. Shareholders also approved the appointment of Mao & Ying LLP as auditors and the company's rolling 10% incentive plan.
Flying Nickel Mining has postponed its annual general and special meeting of shareholders from July 10, 2024, to July 23, 2024, at 10:30 a.m. (Vancouver Time). The meeting, to be held at MLT Aikins LLP in Vancouver, will focus on electing directors and considering the acquisition of all issued and outstanding shares of Nevada Vanadium Mining. Despite the postponement, the record date for shareholder voting remains May 24, 2024. Proxies must be received by July 19, 2024. The delay follows discussions with Blackstone Minerals, Sparta AG, and Norway House Cree Nation, aiming for an agreement that maximizes shareholder value. Both the concerned parties and Nevada Vanadium have consented to the postponement.
Flying Nickel Mining Corp. (TSXV: FLYN, OTCQB: FLYNF) has provided an update on its proposed acquisition of Nevada Vanadium Mining Corp. The acquisition is progressing, with shareholder meetings scheduled for July 10, 2024. The transaction faced delays due to staff turnover, a change in auditors, and a change in fiscal year-end. Key amendments were made to Nevada Vanadium's technical reports on the Gibellini Project, including updates on project site visits, vanadium price evaluations, and project mining claims.
The acquisition aims to diversify Flying Nickel's assets, expanding its focus from nickel to include vanadium, and providing geographic diversification across Canada and the USA. The demand for vanadium is rising due to its use in energy storage and potential applications in the electric vehicle market. The combined company is expected to benefit from greater financing opportunities, increased trading liquidity, and reduced public company costs. The acquisition terms remain unchanged despite fluctuations in Flying Nickel's share price.