A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Altiplano Metals Inc () reported that it has completed its previously announced and oversubscribed non-brokered equity private placement financing, consisting of 12.3 million company units, at a price of $0.25 per unit, for total gross proceeds of C$3.1 million. Altiplano said net proceeds will be used for current exploration and development programs and to support the construction of the company’s own processing facility, as well as for general working capital purposes.
() () (FRA:6F6) said that its portfolio company GameOn Entertainment Technologies Inc has boosted its board of directors with the addition of veteran digital and media expert Liz Schimel. Founded in 2018, GameOn Entertainment provides consumers and broadcasters with interactive, social experiences around sports, TV, and live events. Schimel was most recently head of business at Apple News+ and before joining the tech behemoth in mid-2018, she served as president of Condé Nast International from 2013-17 and was entrepreneur in residence at Ventures in 2018.
Ltd (NASDAQ: RDHL) has reported FY2020 net revenue of approximately $64 million and gross profit of $27.5 million thanks to the commercialization of its Movantik and Talicia gastrointestinal drugs. The company delivered 4Q revenue of around $21.5 million, an increase of $0.5 million compared to 3Q 2020, with a 12% increase in product delivery. The firm said it is sitting on a solid cash position of $100 million as of March 4, 2021.
Trillion Energy International Inc () () (FRA:3P2N), the Turkey and Bulgaria-focused oiler, has issued its 2020 end of year reserves report, which was prepared by GLJ Consultants. The report assessed oil reserves on the group’s Cendere oil field as well as four developed, unproduced gas pools on the SASB gas fields, Black Sea. It did not include any assessment of risked development prospects contiguous to the reserves. The total reserves for 2P (proven and probable) of discovered but non-producing prospects along with a medium estimate for risked development prospects was 40.3 billion cubic feet (Bcf) with a combined net present value of EBITA/cashflows, discounted at 10% was US$139.8 million.
Victory Resources Corporation () () (FRA:VR62) said it has acquired, in an arms-length transaction, the Smokey Lithium Project in Nevada. The company noted that the Smokey property, consisting of 350 claims covering 7,000 acres, is located in a prolific region for lithium clay deposits, and is surrounded by projects being developed by Noram, Cypress, and American Lithium, to name a few. The Smokey project is also adjacent and contiguous to a property owned by Jindalee Resources Limited (), which has demonstrated lithium grades as high as 930 parts per million (ppm) in outcropping clay that possibly trends northwest onto the Smokey claims.
Inc () announced Thursday that it is collaborating with MIDA Biotech BV to establish point-of-care centers at hospitals and other medical institutions across western Europe. said it and MIDA plan to deploy Mobile Processing Units and Labs (OMPULs) at leading hospitals for the onsite development of promising cell and gene therapies and immunotherapies from MIDA. The OMPULs are multi-purpose, mobile, autonomous good manufacturing practice (GMP) facilities used to develop, optimize, and manufacture cell and gene therapies at the point of care.
Midwest Energy Emissions Corp. – – (), a leading environmental technologies firm, has announced its participation in the creation of a new technologies firm, Eleclear Technologies, LLC. Eleclear Technologies is based in Alabama and will be initially funded with $1.2 million of new capital on a 70/30 basis between Dr Scott A Drummond and to coincide with the ownership arrangement. will provide technical and research direction, along with the commercialization of the anticipated technologies. The initial technologies being developed by Eleclear will move to full pilot-scale testing in the near future.
() has said its sponsored $100 million special purpose acquisition company (SPAC), American Acquisition Opportunity Inc, will begin trading today, March 18, on the Nasdaq Capital Market following an initial public offering of 10 million units priced at $10.00 per unit. American Resources said the SPAC is targeting acquisitions in the landholding and resource industry, and will focus on advancing land and resource assets towards a modern-day business model of clean energy, recycling and redevelopment, and social impact. The company noted that each American Acquisition Opportunity unit consists of one share of the company’s Class A common stock and one-half of one redeemable warrant, entitling the holder to purchase one share of Class A common stock at a price of $11.50 per share.
Blackrock Silver Corp () revealed the first drill results from its 2021 program at the Tonopah West project that included high-grade intercepts of up to 1,003 grams per ton (g/t) silver equivalent. The Vancouver-based company said it had intersected a new vein just south of the known vein cluster at the DPB target, with one hole intersecting 3.1 metres (m) at 6.2 g/t gold and 388 g/t silver, or 1,003 g/t silver equivalent. Drilling to the west of the main Victor vein also intersected significant alteration, according to Blackrock, with 23m and 12.2m of veins and silicified breccia cut in two drill holes.
Alpine 4 Holdings Inc () has said it is bringing on board retired US Air Force Technical Sargent Nathan Grier to work with its Vayu (US) Inc unmanned aerial systems subsidiary. Grier is the former programs director of the Counter Small Unmanned Aerial Systems (C-sUAS)/Small Unmanned Aerial Systems (s-UAS)/Nuclear Convoy for the US Air Force, where he established a UAV lab to research and test C-sUAS and sUAS technology projects. As a subject matter expert on C-sUAS and sUAS, Grier trained new pilots to fly the models and authored C-sUAS literature used by all US Nuclear Intercontinental Ballistic Missile Wings.
Recruiter.com Group Inc (), the online-focused hiring platform, has boosted its board with two new members – an M&A and a human resources specialist. Robert Heath and Steve Pemberton have been appointed as independent directors of the company, it told investors. “Robert, with his deep knowledge and experience in M&A and company diversification, will serve as a guiding force as we continue to expand and scale the Recruiter.com brand and product offerings,” said Evan Sohn, executive chairman of Recruiter.com in a statement. “And Steve, who is a leading expert in building inspiring workplaces, will ensure that, as we grow, we will continue to deliver on a best in industry experience for our team of talented leaders and contributors.”
() (FRA:BK2P) has said its shares will begin trading under the name Green Battery Minerals Inc on Monday, March 22 after the group received the green light for the change from the TSX Venture Exchange. There is no change to its trading symbol, the company said, noting that the new identity is to “better reflect the company’s strategic focus of working towards supplying green, clean (environmentally safe) elements for the Lithium Ion battery market”.
CleanSpark, Inc. () has announced the closing of its previously announced underwritten public offering of 9,090,910 shares of common stock at a public offering price of $22.00 per share for aggregate gross proceeds of approximately $200 million, before deducting underwriting discounts and commissions and other offering expenses payable by the company. CleanSpark intends to use the net proceeds from the offering for working capital and general corporate purposes, including infrastructure expansion, the acquisition of additional cryptocurrency miners and further development of its mVoult product lines, as well as acquisitions or strategic investments in complimentary businesses, products, services or technologies. HC Wainwright & Co. acted as the sole book-running manager for the offering.
Ltd () (TASE:SFET) said its subsidiary NetNut Ltd has launched a new IP Proxy platform for all types of use cases. The access solutions and intelligent data collection firm said the upgraded platform is designed to fit diverse customer needs and will also offer various IP network programs for B2B customers, allowing on-line registration and immediate use without the need to contact customer service.
() (OTCMKTS:NEXNF) (FRA:NX5) has said it will fully launch its XOMA Superfoods product line on the company’s eCommerce store, following a successful pilot launch in which the 3-count packages of the product sold out in one day. NEXE said its eCommerce store will offer three 12-count coffee products, the first being available April 6, with functional ingredients packaged in NEXE’s fully-compostable, plant-based capsules, which are compatible with Keurig single-serve coffee brewing systems.
XPhyto Therapeutics Corp () () (FRA:4XT) said its German diagnostics development partner, 3a-diagnostics GmbH has announced that its point-of-care coronavirus (COVID-19) RT-PCR test system, known as Covid-ID Lab, has been approved by European regulators, meaning it is now registered within the European Union as a commercial in vitro diagnostic (CE-IVD) test. The bioscience accelerator said it is currently in discussions with various potential distribution and wholesale partners as well as potential licensees, with a sales launch in Europe targeted for April. XPhyto said it will provide further information and updates in due course.
First Mining Gold Corp () () () said its joint venture partner Auteco Minerals Ltd () () at the Pickle Crow gold project in Ontario has completed C$5 million worth of stage 1 expenditures and is set to earn a 51% interest in the asset. Auteco will now hold a shareholders’ meeting to approve issuing 100 million of its shares to First Mining and will apply to the Australian Securities Exchange for their listing. First Mining expects to receive the Auteco shares by the end of April, at which point, Auteco will earn a 51% interest in First Mining subsidiary , which owns Pickle Crow.
Marble Financial Inc () () (FRA:2V0) has launched its artificial intelligence-driven financial wellness SAAS platform MyMarble with LSEO Canada Digital Marketing (Canada Finances). Marble said it is expanding its referral program with Canada Finances, a company that aims to solve the problem of asymmetric information and put Canadians back in the driver’s seat.
Wellness Inc () () (FRA:8OO) has announced that it is entering the China market through its wholly-owned subsidiary Probulin Probiotics LLC. The subsidiary will launch certain products on Holding’s Tmall Global (Tmall), the world’s largest cross-border online marketplace reaching more than 750 million consumers in mainland China, Hong Kong, Macau, and Taiwan. “This strategic launch provides us with a tremendous opportunity to reach one of the largest online consumer bases in the world and drive significant revenue for the Company,” said Jon Visser, ’s chief revenue officer, in a statement.
Klondike Gold Corp () (OTCPINK:KDKGF) (FRA:LBDP) unveiled encouraging drill results from its Lone Star zone on the 586 square kilometers (sq km) Klondike District project in Yukon, ahead of a maiden resource estimate planned for 2022. The latest assays from last year’s phase 4 diamond drilling show strong intervals of near-surface gold, both within and outside the currently defined mineralized shell at Lone Star.
Loop Insights Inc () (), a provider of contactless solutions and artificial intelligence (AI) to drive real-time insights, has entered into a five-store pilot with Sobeys, Canada’s second-largest grocer. In a statement Thursday, Loop said it will provide Sobeys with its Insights and Engage platforms, including its new digital receipt capability, as well as its Wallet pass technology.
Soma Gold Corp () () () reported encouraging drill results from its assets in Antioquia, Colombia, which show the potential to expand mineral resources. At the Cordero-Balvina target, the current round of drilling kicked off in early November last year, and assays for 15 holes, for 4,200 metres (m), or around half the program, were reported on Thursday. The remaining work is expected to be completed by the end of June. Meanwhile, at the Deep Limon project, which lies 14km to the southwest of the La Ye and Mangos operations, a highlight drill result was 0.6m of 50.4 g/t gold and 0.3m of 23 g/t gold, which confirmed the vein continuity below the deepest level of Limon mine. At the Alacran-Diamantina project, drilling has hit 5.43 g/t gold over 0.70m, Soma revealed.
Vuzix Corp () (FRA:V7XN) said CooperVision, a unit of The Cooper Companies Inc (NYSE:COO) (FRA:CP6), which makes soft contact lenses, has deployed its Vuzix M400 Smart Glasses, equipped with LogistiVIEW’s Vision+ augmented reality warehouse software, to provide hands-free picking guidance at its 275,000 square foot West Henrietta distribution site in Upstate New York. The company said the combined set of instructions delivered to workers intuitively and hands-free through the Vuzix M400 AR Smart Glasses and LogistiVIEW’s platform will avoid the need for any bolted down infrastructure, adding that artificial intelligence and computer vision add an intelligence layer to the process, optimizing tasks and pick sequence for the best possible efficiency. The company added that at the CooperVision warehouse, employees are currently using its Smart Glasses to assist with order picking.
Silver Ltd () (OTCMKTS:SLRRF) (FRA:8SR) updated investors on exploration last year at its two wholly-owned Stinson and Lucky Boy properties in Nevada, US. At the Stinson project in White Pine County, Silver Range said it defined a 47 square kilometres (sq km) area of interest and staked four additional claim blocks covering the known gold showings last fall. Meanwhile, at the Lucky Boy high-grade silver prospect in Pershing County, last fall, the company collected 247 soil samples and carried out geological mapping and additional rock sampling.
() () announced that Health Canada has granted the company the first-ever license to export cannabis products from Canada to Brazil. In December 2020, Heritage entered into an arrangement with CannaBR Exports Corp., a Brazilian focused pharmaceutical CBD product importation and distribution company, for the distribution and bulk sale of formulated CBD products to the Brazilian cannabis market. The arrangement calls for minimum order quantities agreed to by both parties, to be delivered to CannaBR’s large distribution network in Brazil with the option to establish long-term distribution contracts.
() (OTCQX:EDVMF) (FRA:E5Y1) announced it had generated US$553 million in revenue during its fourth quarter, driven by record gold production from its West African operations. The miner produced 344,000 ounces during the three-month period to end December 31, 2020, a 93% increase over the year-ago quarter, at an all-in sustaining cost of US$803 per ounce, an 11% decrease from 3Q 2020. The group swung to a profit in 4Q, posting US$30 million in earnings or $0.19 per share compared to the $113 million loss in the comparable year-ago quarter, while adjusted net earnings hit US$166 million – a large jump from the $37 million it put up in 4Q 2019.
() (OTCQX:DLTNF) has announced the grand opening of its eleventh Delta 9 Cannabis retail store, and eighth cannabis store in the Province of Manitoba. The company’s newest retail store, located in the City of Winnipeg, is scheduled to open on March 18, 2021. “We’re pleased to bring Delta 9 and our many brand partners to the residents of North Winnipeg and surrounding areas with a brand-new retail store at Bunn’s Creek.” said John Arbuthnot, CEO of Delta 9 in a statement.
Soma Gold Corp () () () reported encouraging drill results from its assets in Antioquia, Colombia, which show the potential to expand mineral resources. At the Cordero-Balvina target, the current round of drilling kicked off in early November last year, and assays for 15 holes, for 4,200 metres (m), or around half the program, were reported on Thursday. The remaining work is expected to be completed by the end of June.
Technology Inc () (FRA:26N) () announced Thursday that cryptocurrency transactions within its ecosystem are continuing at a record pace. The company said it has processed over $10,800,000 in transaction volume in the first half of March, increasing over February’s volume by 61% and surpassing January volume by over 31%. This growth builds on the announced 6.7 million processed in February and 8.2 million processed in January.
Tocvan Ventures Corp () (FRA:TV3) said it had completed exploration at its flagship Pilar gold-silver project in Mexico ahead of a Phase II drill program and three new vein zone targets were identified. A new so-called Triple Vein Zone (TVZ) was identified, extending 350 (m) meters south of the Main Zone, Tocvan said. The TVZ has mapped veins 5 to 15m wide, all hosted with the same oxidized andesite rock seen at the drill-defined Main Zone. In addition, a new SE Vein Zone was discovered along the eastern edge of the property, identified with two dominant vein trends.
PyroGenesis Canada Inc () (NASDAQ:PYR) () said it has received a grant of $194,090 from the Ministry of the Economy and Innovation through the support for innovation projects component of the Innovation program, administered by Investissement Québec, to develop a solution to recover the dangerous residues of pot lining produced in the primary aluminum industry. The developer of environmentally-friendly plasma waste-to-energy systems and clean plasma torch products said it will play an important role in eliminating the landfill of the material and potentially other industrial by-products, in addition to significantly reducing specific greenhouse gas (GHG) emissions. PyroGenesis said it is also working in partnership with Aluminerie Alouette, the largest aluminum smelter in the Americas.
Codebase Ventures Inc. () (FRA:C5B) () has provided an update on the current bitcoin ecosystem and the company’s bitcoin mining infrastructure. As the Bitcoin and cryptocurrency markets continue to show increasing strength, Codebase announced that its Bitcoin mining machines are currently being prepped for immediate release to their hosting facility in upstate New York. This first tranche of 115 state of the art Canaan A1246 miners are to be delivered and operational in the coming weeks. With Bitcoin establishing new support levels fueled by institutional investors and individuals alike, became the first big US bank to offer clients access to bitcoin funds on March 17, 2021.
() () (FRA:7LV) announced it will be distributing select products from its partner Verse Cannabis to the Medical Cannabis by Shoppers platform. Valens noted the products have been selected from each Verse Cannabis line, Verse Originals and Verse Concentrates, which are custom manufactured using Valens’ proprietary hydrocarbon method, and will be available in the coming weeks across Canada through the national medical cannabis retail platform.
Inc. () (OTCQB:TBPMF) (FRA:JAM1) has announced that its contract manufacturing facility, Inc., has received a notice of compliance for its Drug Establishment License (DEL) following an audit by the Drug GMP Inspection Program of Health Canada. The facility first obtained the DEL in 2018. Since then, Tetra said it has continuously improved its quality management system to ensure compliance with Health Canada’s GMP requirements. The inspection took place in February 2021 and during this period, Tetra demonstrated to Health Canada that it can manufacture drugs, such as QIXLEEF, in compliance with the requirements for a prescription drug. Ltd. () said it is granting 200,000 stock options to the company’s recently appointed vice-president, operations and product development, exercisable at 50 cents per share until February 28, 2025. Clean Seed said it has also expanded its marketing department with additional personnel and has granted 75,000 stock options at 60 cents per share until December 31, 2023, to employees of the company. And further to the company’s press releases regarding bonus warrants previously issued in connection with a promissory note, the company has submitted an application to the TSX Venture Exchange to replace 1,312,500 bonus warrants since expired in consideration of the extension of the promissory note and market price adjustments. The proposed bonus warrants will be exercisable at 64 cents per share until July 31, 2021, and are subject to TSX-V approval.
Ltd. () said it is granting 200,000 stock options to the company’s recently appointed vice-president, operations and product development, exercisable at 50 cents per share until February 28, 2025. Clean Seed said it has also expanded its marketing department with additional personnel and has granted 75,000 stock options at 60 cents per share until December 31, 2023, to employees of the company. And further to the company’s press releases regarding bonus warrants previously issued in connection with a promissory note, the company has submitted an application to the TSX Venture Exchange to replace 1,312,500 bonus warrants since expired in consideration of the extension of the promissory note and market price adjustments. The proposed bonus warrants will be exercisable at 64 cents per share until July 31, 2021, and are subject to TSX-V approval.
() (OTCMKTS:NOPUF) (FRA:OE6) announced it had now filed its new NI 43 101 resource estimate for its Tres Cruces project in north-central Peru. As reported in February this year, the report showed 425,000 ounces of leachable oxide mineralization (at 1.37 grams per ton (g/t) gold) and 205,000 ounces of deeper leachable sulfide gold mineralization (at 1.12 g/t grade) within a pit-constrained total indicated resource of 2.47 million (m) ounces of gold. A further 104,000 ounces of gold at 1.26 g/t was placed in the lower-confidence inferred category. CEO Wayne Livingstone said in a statement on Thursday: “The filing of the NI 43-101 updated mineral resource estimate report marks an important milestone for the company. This break-out of leachable resources suggests that a standalone development may be a very viable scenario for Tres Cruces. There are additional opportunities to identify more leachable gold resources which could enhance project economics. The Tres Cruces heap leachable oxide mineralization, and the immediately underlying leachable sulfides can provide the foundation to develop the deposit as an initial heap leach operation, which could then transition to the exploitation of the sulfides. We will proceed with advancing the project towards a production scenario and further evaluate economic options for the Tres Cruces project.”
, Inc. (), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, has announced it will release its fourth-quarter and full-year 2020 results on March 25, 2021, after the market close. The company will also host a conference call and webcast on the same day at 4.30pm EDT to discuss its financial results with analysts and institutional investors. Management on the call will include CEO Dwight Egan, newly appointed CFO Brian Brown, and Reed Benson, General Counsel. Conference call dial-in details: 877-317-6789 (domestic) or 412-317-6789 (international). The call and webcast will be available via ir.codiagnostics.com on the Events & Webcasts page. The call will be recorded and later made available on the company’s website
(NYSEAMERICAN:UUUU) (TSX: EFR) has announced the availability of a broadcast titled, “Rare Earths, Rare Opportunity.” Prices for neodymium and praseodymium oxide (NdPr), which are the most common rare earths used in making magnets, are up by more than 40% in 2021. Several other key rare earths also jumped in value this year, including dysprosium (+53%), gadolinium (+39%) and terbium (+39%). This follows significant increases in prices for these products in 2020. says that the surge in the price of rare earth metals last year reflected geopolitical tensions in a tug of war between China and the developed world. To hear the AudioPressRelease, investors can visit: https://news.networknewsaudio.com/. The full editorial, can be accessed by the following link https://nnw.fm/evBE2
() has announced that Nader Pourhassan, its president and chief executive officer, Scott Kelly, its chairman and chief medical officer, Christopher Recknor, its chief operating officer and Mahboob Rahman, its chief scientific officer, will host an investment community webcast on Monday, March 22, 2021, at 1.00pm PT / 4.00pm ET Management will update stockholders on the company’s recent coronavirus (COVID-19) related filings for Conditional EUA with the US Food & Drug Administration (FDA) Interim Order in Canada, and accelerated rolling review in the UK, as well as potential similar filings in Brazil and the Philippines. Management will also provide updates on its active trials in COVID-19, NASH and Cancer, along with expected timelines for BLA submissions for HIV in the US, Canada and the UK. Management will provide approximately 60 minutes to address questions submitted online by analysts and investors. Prior to the webcast, questions can be submitted online to email@example.com; during the webcast, questions can be submitted through the webcast link: https://78449.themediaframe.com/dataconf/productusers/cydy/mediaframe/44169/indexl.html. A replay will be available approximately 60 minutes after the conclusion of the webcast and can be accessed via the same link until April 22, 2021.
(), operator of financial markets for 11,000 U.S. and global securities, has announced that Corp (CVE:PGX;) (OTCQX:PGXFF), a Canadian based mineral exploration company focused on discovery-stage gold properties, has qualified to trade on the OTCQX Best Market has today upgraded from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. “By trading on OTCQX we have succeeded in making shares more accessible to an even broader range of investors,” stated Peter Bernier, president and CEO. “This important milestone will strengthen our US and global shareholder base and increase liquidity to the benefit of all investors.”
Proactive Research has issued an initiation note – https://www.proactiveinvestors.co.uk/companies/news/944218/pharmadrug-inc-a-balanced-approach-to-psychedelic-healthcare-and-wellness-944218.html – on (). In it, analyst Ed Stacey explains the investment case for the specialty pharmaceutical company focused on the development and commercialization of controlled-substances and natural medicines such as psychedelics, cannabis and naturally-derived approved drugs.