Castellum's subsidiary secures $66.2 million contract
Contract Award: Castellum's Specialty Systems subsidiary has secured a $66.2 million contract for logistics, engineering, and cyber support services for the Naval Air Warfare Center Aircraft Division (NAWCAD) at Lakehurst.
Support Scope: The contract will support the Mission Operations & Integration Department, which oversees Navy Aircraft Platform Support Equipment and Aircraft Launch Recovery Equipment, as well as additional Joint Service and Foreign Military Sales programs.
Department Divisions: The Mission Operations & Integration Department comprises three divisions: Digital Engineering, Engineering Integration, and Logistics and Maintenance Integration, all of which support the ALRE and SE teams.
Service Provision: SSI will deliver services related to logistics, engineering, and cyber work products specifically for aircraft carriers, air-capable ships, and their associated support systems.
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Canterra Closes $5.7 Million Private Placement for Critical Minerals
- Successful Financing: Canterra Minerals has closed a $5.7 million private placement, which includes the issuance of 10,980,000 Critical Minerals flow-through shares at $0.25 each, reflecting strong market confidence in its projects.
- Clear Use of Proceeds: The funds raised will be allocated to exploration projects in central Newfoundland, particularly the Wilding Gold and Buchans projects, aimed at advancing the company's position in the critical minerals sector.
- Tax Incentive Structure: The issued flow-through shares will qualify as “Critical Mineral flow-through shares” under the Income Tax Act, providing tax benefits to investors and enhancing the attractiveness of the investment.
- Compliance Assurance: Canterra commits to indemnifying investors for any additional taxes due to reductions in qualifying expenditures by the tax authority, thereby ensuring investor rights and enhancing market trust.
Canterra Minerals Upsizes Private Placement to C$5.7 Million
- Upsized Offering: Canterra Minerals announces an increase in its non-brokered flow-through private placement to C$5.7 million, reflecting the company's proactive response to market demand and aiming to fund future exploration projects.
- Critical Minerals Shares: The financing will include up to 10,940,000 Critical Minerals flow-through shares at a price of C$0.25 each, expected to generate C$2.735 million, thereby enhancing the company's investment capacity in the critical minerals sector.
- National Flow-Through Shares: Additionally, Canterra will offer up to 12,891,304 National flow-through shares at C$0.23 each, projected to raise C$2.965 million, with funds allocated for exploration projects in central Newfoundland, thereby boosting the company's resource development potential.
- Clear Use of Proceeds: The net proceeds from this upsized placement will be directed towards the exploration of the Wilding Gold and Buchans projects, indicating the company's strategic positioning in critical minerals and gold sectors to capitalize on future market opportunities.
Canterra Minerals Upsizes Private Placement to C$5.7 Million
- Upsized Offering: Canterra Minerals announces an increase in its non-brokered flow-through private placement to C$5.7 million, reflecting the company's proactive response to market demand and aiming to fund future exploration projects.
- Critical Minerals Shares Issuance: The financing will offer up to 10,940,000 Critical Minerals flow-through shares at C$0.25 each, expected to raise C$2.735 million, thereby enhancing the company's investment capacity in the critical minerals sector.
- National Flow-Through Shares: Additionally, Canterra will issue up to 12,891,304 National flow-through shares at C$0.23 each, projected to raise C$2.965 million, which will provide essential funding for the company's exploration projects in Newfoundland.
- Clear Use of Proceeds: The net proceeds from this upsized placement will be directed towards exploration of the Wilding Gold and Buchans projects in Newfoundland, indicating Canterra's strategic focus on critical minerals and gold to enhance its market competitiveness.
Canterra Minerals Raises C$5 Million for Exploration via Flow-Through Shares
- Funding Scale: Canterra Minerals Corporation is set to raise up to C$5 million through a non-brokered private placement of flow-through shares, with 10 million Critical Minerals flow-through shares offered at C$0.25 each, aimed at supporting exploration projects in Newfoundland.
- Tax Benefits: Each flow-through share will be designated as a 'Critical Mineral flow-through share' under the Income Tax Act, which is expected to provide tax advantages to investors, thereby enhancing the attractiveness of the investment.
- Project Investment: The proceeds will be allocated to the exploration of the Wilding Gold and Buchans projects, located near the historically significant Buchans Mine, which holds substantial mineral resource potential.
- Private Placement Arrangement: The private placement is expected to close on December 23, 2025, subject to TSX Venture Exchange approval, reflecting the company's active engagement in capital markets and confidence in future exploration endeavors.
Castellum, Inc. Pays Off $2 Million Debt to Robert Eisiminger
Debt Elimination: Castellum, Inc. has fully paid off its $2 million debt to Robert Eisiminger, resulting in a zero long-term debt balance and a current notes payable of $400,000.
Financial Strategy: The company utilized free cash flow and cash reserves for the debt repayment, reflecting a disciplined financial strategy aimed at organic growth and strengthening its balance sheet.
Leadership Statements: CEO Glen Ives emphasized the importance of this milestone for future strategic investments and thanked Eisiminger for his support in the company's growth.
Forward-Looking Statements: The announcement includes cautionary notes about forward-looking statements, highlighting potential risks and uncertainties that could affect the company's future performance.
Castellum, Inc. Achieves Milestone Q3 2025 Results with Its First Positive Net Income
Financial Performance: Castellum, Inc. reported a record revenue of $14.6 million for Q3 2025, marking a year-over-year growth and achieving its first GAAP net income of $388,580.
Operational Improvements: The company improved its operating profit to $0.4 million, a significant turnaround from previous losses, driven by cost discipline and operational efficiency.
Cash and Debt Management: Castellum ended the quarter with a record cash balance of $17.8 million and reduced its total debt to $2.4 million, enhancing its financial flexibility.
Future Growth Strategy: The leadership emphasized a commitment to long-term growth through strategic investments, organic growth, and potential mergers and acquisitions, while maintaining a focus on cash flow management.
Canterra Closes $5.7 Million Private Placement for Critical Minerals
- Successful Financing: Canterra Minerals has closed a $5.7 million private placement, which includes the issuance of 10,980,000 Critical Minerals flow-through shares at $0.25 each, reflecting strong market confidence in its projects.
- Clear Use of Proceeds: The funds raised will be allocated to exploration projects in central Newfoundland, particularly the Wilding Gold and Buchans projects, aimed at advancing the company's position in the critical minerals sector.
- Tax Incentive Structure: The issued flow-through shares will qualify as “Critical Mineral flow-through shares” under the Income Tax Act, providing tax benefits to investors and enhancing the attractiveness of the investment.
- Compliance Assurance: Canterra commits to indemnifying investors for any additional taxes due to reductions in qualifying expenditures by the tax authority, thereby ensuring investor rights and enhancing market trust.
Canterra Minerals Upsizes Private Placement to C$5.7 Million
- Upsized Offering: Canterra Minerals announces an increase in its non-brokered flow-through private placement to C$5.7 million, reflecting the company's proactive response to market demand and aiming to fund future exploration projects.
- Critical Minerals Shares: The financing will include up to 10,940,000 Critical Minerals flow-through shares at a price of C$0.25 each, expected to generate C$2.735 million, thereby enhancing the company's investment capacity in the critical minerals sector.
- National Flow-Through Shares: Additionally, Canterra will offer up to 12,891,304 National flow-through shares at C$0.23 each, projected to raise C$2.965 million, with funds allocated for exploration projects in central Newfoundland, thereby boosting the company's resource development potential.
- Clear Use of Proceeds: The net proceeds from this upsized placement will be directed towards the exploration of the Wilding Gold and Buchans projects, indicating the company's strategic positioning in critical minerals and gold sectors to capitalize on future market opportunities.
Canterra Minerals Upsizes Private Placement to C$5.7 Million
- Upsized Offering: Canterra Minerals announces an increase in its non-brokered flow-through private placement to C$5.7 million, reflecting the company's proactive response to market demand and aiming to fund future exploration projects.
- Critical Minerals Shares Issuance: The financing will offer up to 10,940,000 Critical Minerals flow-through shares at C$0.25 each, expected to raise C$2.735 million, thereby enhancing the company's investment capacity in the critical minerals sector.
- National Flow-Through Shares: Additionally, Canterra will issue up to 12,891,304 National flow-through shares at C$0.23 each, projected to raise C$2.965 million, which will provide essential funding for the company's exploration projects in Newfoundland.
- Clear Use of Proceeds: The net proceeds from this upsized placement will be directed towards exploration of the Wilding Gold and Buchans projects in Newfoundland, indicating Canterra's strategic focus on critical minerals and gold to enhance its market competitiveness.
Canterra Minerals Raises C$5 Million for Exploration via Flow-Through Shares
- Funding Scale: Canterra Minerals Corporation is set to raise up to C$5 million through a non-brokered private placement of flow-through shares, with 10 million Critical Minerals flow-through shares offered at C$0.25 each, aimed at supporting exploration projects in Newfoundland.
- Tax Benefits: Each flow-through share will be designated as a 'Critical Mineral flow-through share' under the Income Tax Act, which is expected to provide tax advantages to investors, thereby enhancing the attractiveness of the investment.
- Project Investment: The proceeds will be allocated to the exploration of the Wilding Gold and Buchans projects, located near the historically significant Buchans Mine, which holds substantial mineral resource potential.
- Private Placement Arrangement: The private placement is expected to close on December 23, 2025, subject to TSX Venture Exchange approval, reflecting the company's active engagement in capital markets and confidence in future exploration endeavors.
Castellum, Inc. Pays Off $2 Million Debt to Robert Eisiminger
Debt Elimination: Castellum, Inc. has fully paid off its $2 million debt to Robert Eisiminger, resulting in a zero long-term debt balance and a current notes payable of $400,000.
Financial Strategy: The company utilized free cash flow and cash reserves for the debt repayment, reflecting a disciplined financial strategy aimed at organic growth and strengthening its balance sheet.
Leadership Statements: CEO Glen Ives emphasized the importance of this milestone for future strategic investments and thanked Eisiminger for his support in the company's growth.
Forward-Looking Statements: The announcement includes cautionary notes about forward-looking statements, highlighting potential risks and uncertainties that could affect the company's future performance.
Castellum, Inc. Achieves Milestone Q3 2025 Results with Its First Positive Net Income
Financial Performance: Castellum, Inc. reported a record revenue of $14.6 million for Q3 2025, marking a year-over-year growth and achieving its first GAAP net income of $388,580.
Operational Improvements: The company improved its operating profit to $0.4 million, a significant turnaround from previous losses, driven by cost discipline and operational efficiency.
Cash and Debt Management: Castellum ended the quarter with a record cash balance of $17.8 million and reduced its total debt to $2.4 million, enhancing its financial flexibility.
Future Growth Strategy: The leadership emphasized a commitment to long-term growth through strategic investments, organic growth, and potential mergers and acquisitions, while maintaining a focus on cash flow management.
