お知らせ • Jul 02
Sugarbowl Copper Ltd signed a letter of intent to acquire Power Group Projects Corp. (TSXV:PGP) in a reverse merger transaction for CAD 0.4 million. Sugarbowl Copper Ltd signed a letter of intent to acquire Power Group Projects Corp. (TSXV:PGP) in a reverse merger transaction for CAD 0.4 million on June 27, 2025. Following completion of the transaction, it is anticipated that the Company will continue be listed as a Tier 2 Mining issuer on the TSX Venture Exchange and will continue the existing business of Sugarbowl. The capital structure of the Company currently consists of 16,956,056 common shares. Except for 5,000,000 common share purchase warrants exercisable at a price of CAD 0.05 until June 19, 2029, there are no outstanding securities or rights of the Company which are convertible or have the right to acquire PGP Shares. The capital structure of Sugarbowl currently consists of 78,800,000 common shares and an equivalent number of share purchase warrants. Immediately prior to completion of the Transaction, the Company will consolidate (the “Consolidation”) the outstanding PGP Shares on a ten-for-one basis. In consideration for Transaction, the Company will issue 20,000,000 Resulting Issuer Shares and 10,000,000 share purchase warrants to the existing share and warrant holders of Sugarbowl. Each Resulting Issuer Warrant will entitle the holder to acquire an additional Resulting Issuer Share at a price of CAD0.20 for a period of sixty months following issuance. Upon completion of the Transaction, it is expected that the Company will change its name and reconstitute its board of directors and management of the Company. The Company will provide further information concerning the proposed new name and directors and officers of the Company as soon as it becomes available. Completion of the Transaction is subject to a number of conditions including the satisfactory completion of due diligence, the negotiation and entering into of a definitive agreement, receipt of all required regulatory and third-party consents, including approval of the TSX-V, receipt of approval of the shareholders of the Company, completion of the Concurrent Financing and satisfaction of other customary closing conditions. The Transaction requires approval of the shareholders of the Company in accordance with the policies of the TSX Venture Exchange. The Company intends to obtain shareholder approval through the written consent of the majority of its outstanding share capital. New Risk • Jun 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$523k). Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$423.9k market cap, or US$308.5k). お知らせ • Jun 20
Power Group Projects Corp. announced that it has received CAD 0.1 million in funding On June 19, 2025, Power Group Projects Corp. closed the transaction. Each warrant entitles the subscriber to purchase one additional common share of the issuer at a price of CAD 0.05 per warrant share at any time on of before June 19, 2029. No commissions or fees were paid in connection with closing. The units are subject to a 4 month and one day hold period from the date of issue. お知らせ • May 21
Power Group Projects Corp. announced that it expects to receive CAD 0.1 million in funding Power Group Projects Corp announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.02 per unit for gross proceeds of CAD 100,000 on May 20, 2025. Each Unit is comprised of one common share and one common share purchase warrant. Each Warrant entitles the Subscriber to purchase one additional common share of the Issuer at a price of CAD 0.05 per Warrant Share for a period of four years from the Closing Date. There will be no insider participation in the Financing. お知らせ • Feb 12
Power Group Projects Corp. Appoints Christopher Huggins to Board of Directors Power Group Projects Corp. confirmed that Mr. Christopher Huggins has joined its Board of Directors, effective February 10, 2025. Mr. Huggins brings over 25 years of expertise in the mining, technology and capital equipment industries. Holding a BSc in geology (honours), he began his career as a regional exploration geologist with Homestake, working on notable projects around Eskay Creek, Snip Mine, Stewart and Dease Lake camps. Over the past 15 years, he has delivered innovative capital equipment and financial solutions for surface and underground mining operations in the Northwest Territories and Yukon. Mr. Huggins has also managed global and national Caterpillar accounts at Finning, and has been president, chief executive officer and board member for a number of gold, uranium and battery metal exploration companies. Currently, he is CEO of Collective Metals Inc. and Troubadour Resources Inc. New Risk • Jan 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$35k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$35k free cash flow). Shares are highly illiquid. Negative equity (-CA$244k). Revenue is less than US$1m. Market cap is less than US$10m (CA$298.9k market cap, or US$207.8k). お知らせ • Dec 19
Power Group Projects Corp. Announces Resignation of Brad Kitchen as Director Power Group Projects Corp. announced that Mr. Brad Kitchen has resigned as a director of the Company. The Company is evaluating a possible replacement for Mr. Kitchen. お知らせ • Oct 07
Power Group Projects Corp., Annual General Meeting, Dec 12, 2024 Power Group Projects Corp., Annual General Meeting, Dec 12, 2024. お知らせ • Oct 03
Power Group Projects Corp. Announces Resignation of Eric Boehnke as Director Power Group Projects Corp. announced that Mr. Eric Boehnke resigned as a director of the Company. The Company is evaluating a possible replacement for Mr. Boehnke and the Board would like to express its sincere gratitude and appreciation to Mr. Boehnke for his invaluable support and contribution to the Company during his tenure of office. New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$72k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$72k free cash flow). Shares are highly illiquid. Negative equity (-CA$150k). Revenue is less than US$1m. Market cap is less than US$10m (CA$597.8k market cap, or US$436.8k). Board Change • Apr 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Eric Boehnke was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Eric Boehnke was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Eric Boehnke was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 30
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Eric Boehnke was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Eric Boehnke was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Eric Boehnke was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Aug 19
Power Group Projects Corp., Annual General Meeting, Oct 19, 2023 Power Group Projects Corp., Annual General Meeting, Oct 19, 2023. Board Change • Aug 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Eric Boehnke was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 30
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$2.9k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$400k free cash flow). Shares are highly illiquid. Negative equity (-CA$2.9k). Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.20m market cap, or US$902.5k). Board Change • Jun 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Eric Boehnke was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Eric Boehnke was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (4 non-independent directors). Member of Advisory Board Scott Koyich is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. お知らせ • Oct 19
Power Group Projects Corp. Provides an Update on Exploration Activities for the British Columbia Properties Power Group Projects Corp. provided an update on recent exploration activities. The Company is active on multiple high potential polymetallic properties in Northwestern British Columbia and Newfoundland and Labrador. The Atlin West Property is located 14 kilometres west-northwest of Atlin, British Columbia, northwest of Tagish Lake and covers an area of covering 3,125 hectares. Exploration work will continue to focus on evaluating the potential for structurally controlled, intrusion related and polymetallic vein systems, which are known to host economic mineralisation in the area. Previous work has provided initial information on the geological potential of the project. Regional analogues include the Engineer Mine, Yellowjacket Mine and the Imperial Vein showing. The exploration for 2022 comprised of an airborne magnetic survey consisting of 342 line km conducted at the beginning of August. The team recently received the results, with interpretation and targeting underway to define the next program on the property. The Atlin West Project is underlain by undivided sedimentary and volcanic rocks of the Cache Creek Complex, which have been subsequently intruded by late Cretaceous felsic volcanic and intrusive rocks. The area is bounded by the Nahlin fault and cross-cut by east-west and northwest trending faults. These structures are known to be associated with base and precious metals in the region, specifically the aforementioned projects. Mineralisation on the property includes the Dundee/Table Mountain showing, which is comprised of northeast trending veins with galena and chalcopyrite, assaying 2.58 ounces per tonnes of silver, 26% lead and 13.9% copper in 1967. Limited work has been reported on the property and additional exposures are as yet untested as glacial recession has progressed in the past several decades since this work was last conducted. Additional details about the exploration targets can be inferred from known mineralisation in the regional analogues. The Engineer Mine was in production in the 1920's and 1930's, and produced in excess of 18,000 ounces of gold and 9,000 ounces of silver. Production was at realised grades exceeding 39 grammes per tonne of gold and 20 grammes per tonne of silver. A mineral resource estimate published in 2018 stated the Engineer Mine contains an inferred resource of 41,000 tonnes grading 19.0 grammes per tonne of gold, using a five gramme per tonne cut-off grade, which equated to 25,000 ounces of gold. (Engineer Gold Mine, British Columbia, Canada January 2018 (amended and Restated), O'Brien D. Et al,(effective date: May 9, 2018), the most recent 43-101 report published on the property). At the Yellowjacket Mine, an historic estimate stated 133,000 tonnes at 5.8 grammes per tonne of gold, totaling 24,000 ounces of gold at a 1.5 gramme per tonne of gold cut-off (Price, B.J. and Dandy, L., 2009; Technical Report on the Yellowjacket Gold Project; 43-101 Report). The 2009 Yellowjacket Inferred resource estimate was done for a previous operator according to NI 43-101 standards at that time. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and neither the current owner nor the Company is treating the historical estimate as a current mineral resource. The Imperial Vein showing is a quartz vein that saw limited production in the early 1900s and is documented to contain materials that assayed 27.1 grammes per tonne of gold and 26.47 grammes per tonne of silver. The Imperial Vein is considered an exploration prospect at this point. お知らせ • Oct 12
Power Group Provides an Update on Exploration Activities for the Muddy Gullies Property Power Group Projects Corp. provided an update on recent exploration activities. The Company is active on multiple high potential poly metallic properties in Northern British Columbia and Newfoundland and Labrador. The Muddy Gullies Property is located 28 kilometres northeast of the town of Gander, NL. Route 330 affords easy access to the property as does Muddy Gullies access road which runs east from route 330. Recent work completed on the property by the Company concentrated on the main platinum+palladium target and includes line cutting, mapping and prospecting, a LiDAR and photogrammetry survey, and a helicopter-borne magnetometer survey. The mapping and sampling program identified an extensive area of pyroxenite outcrop. Thirty-one samples of pyroxenite were collected and analytical results ranged from 0.007 to 0.299 ppm Pt (average 0.064 ppm) and 0.003 to 0.407 ppm Pd (average 0.077 ppm). These values are comparable to historic sampling on the property and confirm the excellent potential for the discovery of significant Pt+Pd mineralization on the property. The samples were analyzed by ALS Canada Ltd, in North Vancouver, BC. After crushing and pulverizing, the samples were analyzed using ALS's PGM-ICP23 method. This method analyzes for Pt, Pd and Au with a 30g fire assay and ICP finish. The LiDAR and Photogrammetry surveys were conducted by drone equipment and covered 20.7 km². The data collected will be a useful aid in the compilation of data from all the various surveys on the property. This work, as well as the helicopter-borne magnetometer survey, was contracted to RPM Aerial Surveys, of Holyrood, NL. The helicopter-borne magnetic survey comprised approximately 265 line-kilometers, covering the entire property. The interpretation of the magnetic susceptibility data identified several strongly anomalous zones that coincided with very low resistivity modelled from data collected by a VTEM survey in 2012. From this interpretation, four high priority drill targets have been identified. All the necessary permits for a planned 1,000-metre, four-hole, drill program are in place. Board Change • Jun 20
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (4 non-independent directors). Member of Advisory Board Scott Koyich is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. お知らせ • Jun 15
Power Group Projects Corp. Appoints Eric Boehnke to the Board of Directors Power Group Projects Corp. announced the appointment of Mr. Eric Boehnke to the board of directors of the Company effective the date hereof. Mr. Boehnke is the CEO and a director of Trenchant Capital Corp. listed on the Canadian Securities Exchange. He is a former CEO, Executive Vice-Chairman and director of Terrace Energy Corp., an oil and gas exploration and production company with projects in the United States listed on the TSX Venture Exchange. He has served as director and on the audit committees of a number of Toronto Stock Exchange and TSXV listed companies. Mr. Boehnke is also the President and a director of Big Sky Management Ltd., a private company principally involved with providing corporate finance services to private and public companies. Mr. Boehnke holds a Bachelor of Science from the University of Toronto. お知らせ • May 26
Power Group Projects Corp. Announces the Appointment of Mr. Scott Hayduk to the Board of Directors Power Group Projects Corp. announced the appointment of Mr. Scott Hayduk to the board of directors of the Company effective the date hereof. Mr. Hayduk is a Corporate Finance Professional with over 20 years of Investment Banking &Corporate Advisory experience. Scott has spent most of his career specializing in the Americas, MENA, Europe and Asia /Asia Pacific Oil &Gas Producers, Energy Infrastructure, Oil &Gas Services and Oil &Gas Technology Special Situations. He started his career with BMO Nesbitt Burns, and spent most of his career with employee-owned and highly successful Canadian boutique Investment Bank, Orion Securities, through its purchase by Macquarie Bank as a Director. Scott has worked on several billion dollars of Equity, Debt and M&A transactions, respectively. Mr. Hayduk has served as both Director and Officer of numerous Public and Private companies. お知らせ • May 13
Power Group Projects Corp. Announces Demise of Yana Bobrovskaya, Board of Director Power Group Projects Corp. reported that, Yana Bobrovskaya, a valued member of the company’s board of directors, has passed away. The company and the board of directors extends its deepest condolences to Yana’s family, friends and business associates. Board Change • May 04
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. 1 experienced director. No highly experienced directors. 1 independent director (2 non-independent directors). Member of Advisory Board Scott Koyich is the most experienced director on the board, commencing their role in 2017. Independent Director Yana Bobrovskaya was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. お知らせ • Aug 11
Power Group Projects Corp. Commences Field Work on Muddy Gullies PGE Project, Central Newfoundland Power Group Projects Corp. announced that field work has commenced on its Muddy Gullies PGE property in central Newfoundland. The first phase of exploration will include airborne magnetometer, LiDAR and orthophotography surveys, line cutting and gridded prospecting, mapping and sampling. The property is highly prospective for the discovery of significant Platinum Group Elements (PGE) hosted by a pyroxenite unit of the Gander River Complex. The line cutting program is underway and has been contracted to Grass Roots Exploration of Gander, NL. This will provide a control grid for the prospecting on the main PGE target zone. The airborne surveys will cover the central three licences on the property, and have been contracted out to RPM Aerial Inc, of Holyrood, NL. All the necessary permits are in place for this phase of the field program. This work will be followed in the Fall-Winter exploration season by a planned drill program comprising 1000 metres. The Muddy Gullies Property is located 28 kilometers northeast of the town of Gander, NL. Route 330 affords easy access to the property as does Muddy Gullies access road which runs east from route 330. The Property comprises 113 claim units (8 licences) covering 28.25 km². The Property is host to several historical platinum, palladium, copper and gold showings, as indicated by the Mineral Occurrence Database System, Department of Natural Resources, Newfoundland & Labrador. The Property is underlain by a portion of the Gander River Ultramafic Belt (GRUB LINE) which consists of pyroxenite and lessor serpentinite, magnesite, amphibolite, hornblendite, and gabbro. The mafic and ultramafic rocks of the GRUB LINE are considered to be an ophiolitic suite of volcanic and plutonic rocks which have tectonically emplaced over the Gander Groups. The Muddy Gullies Property straddles the tectonic boundary between the Dunnage Zone to the northwest and the Gander Zone to the southeast. The Davidsville Group sediments represent rocks of the Dunnage Zone on the Muddy Gullies Property and consist of pebble conglomerate, sandstone, shale and siltstone. Areas to the west of the Gander River are predominantly underlain by rocks of the Davidsville Group. The Gander Zone is represented by rocks of the Gander River Ultramafic Belt (GRUB), which include tonalite, intermediate to mafic volcanics, gabbro, serpentinite, pyroxenite and talc-magnesite altered ultramafics. Alternating sequences of the two contrasting rock groups outcrop across the property on the east side of Gander River and is interpreted to be shallow westward dipping thrusted slices. Previous exploration work on the property, in 2000-2002, reported combined values for platinum and palladium of up to 2400 ppb (J.P. Bouzane Associates Lt. 2000, 2001, 2002). In 2013 an airborne mag-EM survey was completed, along with mapping, prospecting, and limited drilling. More recent (2016) sampling by the property vendors confirmed platinum-group element mineralization and also outlined additional areas of anomalous PGE mineralization on the Property. 31 samples were taken by the Vendors in the central portion of the property, where the PGE mineralization appears to be controlled by a non-magnetic course-grained pyroxenite unit. Assays ranged from 47 to 1707 ppb combined Pt+Pd+Au. Palladium averages 36% higher than platinum. お知らせ • Jun 22
Power Group Projects Corp. announced that it has received CAD 1.2 million in funding On June 21, 2021, Power Group Projects Corp. (TSXV:PGP) closed the transaction. The company has issued 19,999,998 units for CAD 1,199,999.88?. The Company has paid certain eligible persons a cash commission of CAD 32,940, equal to 6% of the gross proceeds of the Offering delivered by the Finders and issued 549,000 broker warrants, equal to 6% of the number of Units delivered by the Finders pursuant to the Offering. Each Broker Warrant entitles the holder thereof to acquire one Common Share at a price of CAD 0.12 per Common Share for a period of 3 years from the Closing Date. お知らせ • May 18
Power Group Projects Corp. announced that it expects to receive CAD 1.2 million in funding Power Group Projects Corp. (TSXV:PGP) announced a non-brokered private placement of 20,000,000 units at a price of CAD 0.06 per unit for gross proceeds of CAD 1,200,000 on May 17, 2021. Each unit will consist of one common share of the company and one common share purchase warrant with one full warrant entitling the holder to purchase one additional common share of the company at a price of CAD 0.12 for a period of three years following the date of closing. The transaction is subject to necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. All securities issued in the transaction are subject to a four month plus one day hold period. お知らせ • Oct 10
Power Group Projects Corp. (TSXV:PGP) entered into an agreement in principle to acquire Muddy Gullies project in Newfoundland from Pallplat Metals Inc. for CAD 0.52 million. Power Group Projects Corp. (TSXV:PGP) entered into an agreement in principle to acquire Muddy Gullies project in Newfoundland from Pallplat Metals Inc. for CAD 0.52 million on October 8, 2020. In consideration for acquisition, on signing of a definitive agreement, Power Group Projects Corp. will issue the shareholders of Pallplat Metals Inc.,12.9 million common shares in the capital of Power Group Projects Corp. The completion of the transaction remains subject to entering into a definitive agreement and all regulatory and other approvals, including the approval of the TSX Venture Exchange.