A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Avalon GloboCare Corp (NASDAQ:AVCO) has been featured in an article running in Nature’s Biopharma Dealmaker June edition. Avalon’s R&D programs on vaccine development (S-layer nanotechnology) and cancer metastasis are featured in the article, titled: “Opening Up New Possibilities to Treat COVID-19 and Cancer Metastasis”. The article can be viewed via the following weblink: https://www.nature.com/articles/d43747-021-00076-0; and a PDF version of the article can be viewed via: https://media.nature.com/original/magazine-assets/d43747-021-00076-0/d43747-021-00076-0.pdf
Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) (FRA:2UE) announced its wholly-owned Voyage Cannabis Corp subsidiary has received its cannabis research licence under Health Canada’s Cannabis Act and Cannabis Regulations. Heritage said the licence will allow it to conduct research, analysis and trials for the assessment and development of its growing portfolio of differentiated medical and recreational cannabis products. “At Heritage we are at the forefront of product innovation and providing recreational and medical cannabis consumers with products they want. Our innovation team now has the competitive advantage it needs to continue to employ best practices in product evaluation, and tailor products that complement our already popular line of extracts and extract derivatives,” Heritage Cannabis Holdings CEO Clint Sharples said in a statement.
American Resources Corporation (NASDAQ:AREC), in conjunction with sponsored research partner Purdue University, has successfully achieved a high purity of the rare earth element (REE) — neodymium (Nd). The company said it used its exclusively licensed, ligand-assisted displacement (LAD) chromatography process and technology. Through the recycling of waste permanent magnets, American Resources said it was able to separate, isolate, and purify the inherent neodymium to a 99.5% purity, a standard required for high-quality permanent magnet manufacturing.
Loncor Resources Inc (TSE:LN) (OTCQX:LONCF) (FRA:LO51) is changing its name to Loncor Gold Inc, the company announced, to better brand itself as a gold exploration company. Loncor expects its shares to begin trading on the Toronto Stock Exchange under the new name on Thursday, June 10. Its ticker symbol will remain LN. The company’s gold operations are focused on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo.
Endeavour Mining Corp (TSE:EDV) (OTCQX:EDVMF) (FRA:E5Y1) said it will host a capital markets event on Monday to update shareholders on the company’s strategy and recent milestones, highlighting its long-term ability to reward shareholders. The event will take place on Monday at 2.00 pm BST and 9.00 am EST. In a statement, Endeavour CEO Sebastien de Montessus said: “Our team is excited to have the opportunity to provide greater visibility on our capacity to reward shareholders through the cycles while simultaneously investing in organic growth.” It is implementing a minimum progressive dividend policy with a target of distributing at least $500 million to shareholders through to fiscal year 2023. The firm also said it has a ‘strong commitment towards the current share buyback program,’ with around $49 million of shares repurchased in April and May.
Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GLBEF) has announced an option deal with experienced Australian exploration group Metal Bank Limited (ASX:MBK), which will advance the former’s Millennium copper, cobalt and gold project in Mount Isa, Queensland. The company has struck a binding term sheet with MBK on an exclusive six-month option period, in which the latter will carry out further due diligence and sole-fund an initial exploration program. After that, MBK will have the right to earn up to an 80% interest in the project.
Forian Inc (NASDAQ:FORA) will join the broad-market Russell 3000 Index on June 28, according to a preliminary list of additions announced last week. The move will take effect after the index’s annual reconstitution, which captures the 4,000 largest US stocks as of May 7 and ranks them by total market capitalization. Membership in the US all-cap Russell 3000 Index, which remains in place for one year, also means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes, the company said. “Forian’s inclusion in the Russell 2000 marks another exciting milestone as a publicly traded company,” CEO Dan Barton said. “We are committed to our vision of bringing disruptive and innovative technology and analytic products to the healthcare and cannabis marketplaces.”
Else Nutrition Holdings Inc (CVE:BABY) (OTCMTKS:BABYF) (FRA:0YL) announced it will begin distributing its plant-based toddler nutritional products in all 11 Mother’s Market stores in southern California. The company said Mother’s Market, known for pioneering the health food movement in southern California, has gained a reputation for having all the best products for specialized diets. “Launching at Mother’s Market expands our availability in the southern California area, which to date has been among our strongest performing market,” Else Nutrition Holdings CEO Hamutal Yitzhak said in a statement.
Mawson Gold Limited (TSE:MAW) (OTCPINK:MWSNF) (FRA:MXR) has hailed the results of ‘comprehensive’ geometallurgical testing at its Rajapalot gold-cobalt project in Finland, which showed flotation could be the best method to recover gold and cobalt. The work was carried out by BATCircle, which is funded by Business Finland, in cooperation with several consortium members, including the company, the Geological Survey of Finland (GTK), and also Aalto University. Mawson said more testing would be carried out to further optimize gold and cobalt recoveries and define a definitive flowsheet.
Organic Garage Ltd (CVE:OG) (OTCQX:OGGFF) (FRA:9CW1), one of Canada’s leading independent organic grocers, announced that it has signed an exclusive partnership agreement to utilize Instacart’s delivery platform for the online ordering and delivery of groceries from all Organic Garage retail locations. The Toronto-based organic grocer revealed that under the data sharing agreement, prices on the Instacart platform will reflect Organic Garage’s regularly priced on-shelf and flyer merchandise. In a statement, Organic Garage CEO Matt Lurie said: “I am very excited to finalize this agreement with Instacart and significantly increase the potential customer base of Organic Garage.”
Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) is set to buy, for US$1.98 million in cash, a royalty on part of Gold Standard Ventures Corp’s (TSE:GSV) (NYSEAMERICAN:GSV) (FRA:6AZ) Railroad-Pinion gold project, which sits on the prolific Carlin Trend in Nevada, and is rapidly advancing towards the completion of a feasibility study and a subsequent construction decision. The company has struck binding agreements with a group of private individuals on the acquisition of a 0.633% net smelter returns (NSR) royalty on the so-called South Railroad part of the project, which comes with advance minimum royalty payments of more than C$120,000 per year.
Planet 13 Holdings Inc (CSE:PLTH) (OTCQB:PLNHF) announced record sales in May of $11.2 million, with gross margins above 50%. In a statement, the company said May’s performance represents the third consecutive month of record sales as Las Vegas and the US return to normal after the lifting of coronavirus (COVID-19) restrictions. Its flagship, uber luxury SuperStore dispensary, the Planet 13 Cannabis Entertainment Complex is located not far from the famous Las Vegas Strip. At 112,000 square feet, the SuperStore is the biggest cannabis store in the world.
HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) revealed that it has struck an exploration agreement with the Matachewan First Nation and Mattagami First Nation in the Timmins area, which is one of the richest mineral producing areas in Ontario. The well-funded Vancouver-based mineral exploration company said that the purpose of the exploration agreement is to promote a “cooperative, collaborative and mutually respectful relationship” in relation to HighGold’s exploration activities in areas where the two First Nations’ members exercise aboriginal rights. “We are delighted to formalize the positive working relationship established between HighGold and the neighboring First Nation communities of Matachewan and Mattagami,” HighGold Mining CEO Darwin Green said in a statement.
GR Silver Mining Ltd (CVE:GSRL) (OTCQB:GRLSF) reported new drill results from the northern part of its Plomosas Mine Area that revealed high-grade mineralization in unmined portions of the historic operation. The results showcase intersections of polymetallic (silver-gold-lead-zinc) hydrothermal breccia near the surface at Plomosas, a primary silver project in Sinaloa, Mexico. Highlights include 1.8 metres (m) at 15.8 grams per ton (g/t) gold, 1.1% lead (Pb), 3.9% zinc (Zn) and 17 g/t silver (Ag) for 1,779 g/t of silver equivalent (AgEq) and 6.2 m at 171 g/t Ag, 1.1% Pb, 0.7% Zn, 0.2% copper (Cu) and 0.4 g/t Au for 282 g/t AgEq.
LexaGene Holdings Inc (OTCQB:LXXGF) (CVE:LXG) (FRA:5XS2) announced that Denver Animal Emergency (DAE) has ordered one of the company’s MiQLab diagnostics test systems. “We have been using LexaGene’s MiQLab for several months as part of their early access program,” DAE Medical Director Andrew Pierce said in a statement. “We’ve compared the accuracy of the MiQLab to results generated by culture and there was such high concordance, we have found that we are running MiQLab more often than we are sending samples out for culture.” MiQLab delivers excellent sensitivity, specificity, and breadth of detection, can test for 27 pathogens and returns results in about one hour versus 1-3 days at a lab, the company said.
Naturally Splendid Enterprises Ltd (CVE:NSP) (OTCPINK:NSPDF) (FRA:50N) continues to grow its client list, saying it had struck an initial C$75,000 purchase order from a Canadian-based company, to provide a selection of plant-based meat replacement products. The meat-free products will be distributed under the Canadian firm’s own private label brand. “We are excited with the opportunity to private label for this Canadian-based company,” said Naturally Splendid CEO Craig Goodwin. “The private label clients we take on will be selected strategically, with the objective being to identify unique opportunities through product development, packaging, as well as specific distribution channels not in competition with our own NATERA Plant Based Foods.”
Vicinity Motor Corp (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG), formerly Grande West Transportation Group Inc, has announced a $300,000 economic development strategic reserve fund grant to assist the company in building its new Vicinity Lightning EV bus assembly facility in Whatcom County, Washington State. The company said the Washington State Department of Commerce awarded the grant to the Regional Economic Partnership at the Port of Bellingham. Vicinity said the funding is part of a larger group of state grants focused on high-impact investments in the areas of innovation, sustainability, and resilience.
CytoDyn Inc (OTCQB:CYDY) announced that the scientific journal Nature Communications published a study showing that leronlimab prevented nonhuman primates from being infected with Simian Human Immunodeficiency virus (SHIV), a monkey-human chimeric form of HIV. The results will inform a future human clinical trial evaluating leronlimab as a potential pre-exposure prophylaxis, or PrEP, therapy to prevent human infection from the virus that causes AIDS, the company said.
Alpine 4 Holdings Inc (OTCQB:ALPP) announced that its subsidiary Morris Sheet Metal (MSM) has been awarded $2.3 million in new building projects, bringing the company’s backlog production work to $9.8 million. The company noted that MSM’s backlog has recently grown, thanks to its ability to deliver to its healthcare, food process industry, industrial, and educational customers. “We are proving to our customers, employees and competitors that MSM is a top-tier contractor,” said Tom Laubhan, MSM president, in a statement.
Empower Clinics Inc (CSE:CBDT) (FRA:8EC) (OTCQB:EPWCF) has signed six letters of intent (LOIs) with open medical healthcare centers affiliated with Rexall/Pharma Plus Pharmacies Ltd, the second-largest pharmacy group in Canada, to sublet their facilities. The plan is to build and operate health care centers as part of the company’s national clinic expansion strategy. Services will include full primary care led by medical doctors, plus paramedical services with practitioners providing chiropractic care, physiotherapy, osteopathy, acupuncture and more, the company said.
AEX Gold Inc (AIM:AEXG)(TSXV:AEX) said a team of geologists and drilling engineers have arrived on-site at its Nalunaq property in South Greenland. The gold explorer said the team is beginning work to further develop the company’s understanding of the area to the south west of the deposit, which is thought to be a parallel structure. Extensive drilling between 2017-2020 demonstrated how the area, known as Valley Block, has good continuity of the main gold vein, with high-grade gold intersections returned.
Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) announced its wholly-owned subsidiary CannMart Labs Inc has submitted its application for a Health Canada Controlled Drugs and Substances Dealer’s Licence for future storage and distribution of controlled substances psilocybin, psilocin, ketamine (ketamine hydrochloride), LSD (lysergic acid diethylamide), DMT (N, N-dimethyltryptamine) and MDMA (3, 4-methylenedioxymethamphetamine). The company said the Dealer’s Licence will allow labs to sell these controlled substances to approved individuals, or their compounding pharmacies, researchers and companies undertaking clinical trials. “We are excited to have finalized and submitted this application. Societal acceptance and scientific discovery of new paths to wellness is rapidly increasing,” Namaste Technologies CEO Meni Morim said in a statement.
Kintara Therapeutics Inc (NASDAQ:KTRA) (OTCMKTS:DMPWW) (FRA:3DM), a biopharmaceutical company focused on the development of new solid tumor cancer therapies, has announced its addition to the Russell Microcap Index. The company said its addition will take place at the conclusion of the 2021 Russell Indexes’ annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted on June 4. “We are delighted for Kintara to have been added to the FTSE Russell Microcap Index, which will help increase investor exposure to our company’s mission of developing novel cancer therapies for patients with unmet medical needs,” said CEO Saiid Zarrabian in a statement.
Deepspatial Inc. (CSE:DSAI) said it granted stock options to its directors, officers and consultants on June 4, 2021, to purchase up to 9,400,000 common shares of the company at an exercise price of $0.13 per common share. The options have a term of three years expiring on June 4, 2024. These options have varying vesting periods, with the majority being in equal installments over a quarterly basis throughout the first year of the term.
Energy Fuels Inc. (NYSEAMERICAN:UUUU) (TSX:EFR) has announced that it will be a Hall of Fame Presenter at the upcoming LD Micro Invitational XI virtual event on Tuesday, June 8, 2021 at 11.00am AM ET. Mark S. Chalmers, president and CEO of Energy Fuels, will discuss the company’s growing, monazite-based rare earth element (REE) business under which Energy Fuels recently began ramping up US. production of an intermediate REE product, called a mixed REE carbonate, at its White Mesa Mill in Utah. Upon successful ramp-up, this will be a product ready for separation into individual REE oxides. Chris Lahiji, founder of LD Micro commented: “The Hall of Fame not only highlights companies that have achieved a high rate of return but have also been beneficial to society. I think the world of Energy Fuels and its management, and I’m very proud of what they have achieved. We are looking forward to hosting them at the invitational.” Investors can register to watch the presentation via the following link: https://ldmicrojune2021.mysequire.com/
Nano One Materials Corp. (CVE:NNO) (OTCPINK:NNOMF) (FRA:LBMB) said it has received final approval to list its common shares on the Toronto Stock Exchange (TSX). Nano One shares will commence trading on the TSX effective as of market open tomorrow, Tuesday, June 8, 2021, under a new trading symbol NANO, and will cease to trade on the TSX Venture Exchange. Shareholders are not required to take any action in connection with the graduation and listing on the TSX. Nano One shares will continue to trade on the OTC under the symbol NNOMF. Dan Blondal, Nano One CEO, commented: “I would like to thank the Toronto Stock Exchange for providing a platform to showcase our vision as technology innovators changing how the world makes battery materials. Nano One has grown tremendously since its debut on the TSX Venture Exchange in 2015, with many successful milestones along the way, and recently was recognized as a top-performing company on the 2021 Venture 50. Graduating to Canada’s most prestigious and senior exchange will ensure that Nano One reaches a broader audience both nationally and internationally as we execute on our business and commercialization plans.”
Fortitude Gold Corp. (OTCQB:FTCO) has declared its monthly dividend of $0.03 per common share payable on June 30, 2021, to shareholders of record as of June 21, 2021. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, USA. Dividends may vary in amount and consistency or be discontinued at the board of directors’ discretion depending on variables including but not limited to operational cash flows, company development requirements and strategies, construction, spot gold and silver prices, taxation, general market conditions and other factors.
Western Magnesium Corporation (CVE:WMG) (FRA:3WM (OTCMKTAS:MLYF) said it has received final approval from the TSX Venture Exchange for the agreement with Industrial Surplus Ltd. (ISL). Under the agreement ISL will be paid up to C$200,000.00 in cash or up to a maximum of 1,538,461 common shares of the company. The securities issued will be subject to a statutory hold period in Canada for a period of four months and one day from the closing date. Western Magnesium executive president and CEO Sam Ataya commented: “I am very pleased with Western Magnesium’s and ISL’s combined efforts in the buildout of our reactor and I look forward to the completion of our testing phase and metal.”
BioLargo, Inc. (OTCQB:BLGO) has said it will host its annual stockholder meeting on Tuesday, June 15, 2021, at 10.00am Pacific Time, via live webcast. In light of the continuing public health impact of the ongoing coronavirus (COVID-19) pandemic and to support the health and safety of the company’s stockholders and attendees, the 2021 Annual Meeting will be held in a virtual-only meeting format. Stockholders may register to attend the online Annual Meeting by using the following link: https://agm.issuerdirect.com/blgo. Members of the BioLargo board and management team will discuss the company’s most recent annual and quarterly results and other general company matters, followed by a question-and-answer session with stockholders and management.
BioSig Technologies, Inc. (NASDAQ:BSGM) has announced that Natasha Drapeau, its executive vice president will be presenting at the upcoming LD Micro Invitational XI event on Tuesday, June 8, 2021, at 5.00pm ET. BioSig’s PURE EPSystem is an advanced signal acquisition and processing platform that aims to drive procedural efficiency and efficacy in electrophysiology. The system provides essential diagnostic signals with high clinical value in all types of cardiac ablations that treat irregular heartbeats or arrhythmias. To register for the live webcast of the event, investors can use the following link: https://ldmicrojune2021.mysequire.com/.The presentation can be viewed live and any time after the event using the same link.
Real Luck Group Ltd. (CVE:LUCK) (OTCQB:LUKEF) and its subsidiary companies doing business as Luckbox’, said its board of directors has granted chief executive officer Thomas Rosander an aggregate of 1,150,000 stock options in accordance with the terms and conditions of the company’s stock option plan and the policies of the TSX Venture Exchange. Each option is exercisable for one common share of the company for a period of 3 years from the grant date at an exercise price of C$0.62, based on the closing price of the company’s shares on June 3, 2021. 150,000 of the options vest immediately and the remaining 1,000,000 options vest over a period of three years beginning upon the achievement of key business milestones.
Marvel Discovery Corp (CVE:MARV) said its board of directors, in compliance with the company’s stock option plan, has granted 1.4 million incentive stock options exercisable for up to three years at a price of 12 cents per share to directors, officers and consultants of the company.
Nextech AR Solutions Corp. (OTCQB:NEXCF) (NEO:NTAR) (CSE:NTAR) (FRA:N29) has announced today that it will be presenting virtually at the upcoming LD Micro Invitational XI event on Tuesday June 8, 2021, at 5.00pm ET. Evan Gappelberg, founder and CEO of Nextech, will be giving the live presentation. Investors can register to watch the presentation via the following link: https://ldmicrojune2021.mysequire.com/
O3 Mining Inc. (CVE:OIII) has released the results of its annual and special meeting of shareholders held on Friday, June 4, 2021. A total of 45,809,672 common shares of the corporation were represented at the meeting, representing approximately 67.33% of the total number of common shares of the corporation issued and outstanding. All matters presented for approval at the meeting were duly authorized and approved.
Fury Gold Mines Limited (TSX:FURY) (NYSEAMERICAN:FURY) has confirmed the details of its 2021 Annual General and Special Meeting of Shareholders, which will be held on Thursday, June 24, 2021, at 1.00pm ET. Due to the continuing public health restrictions relating to the coronavirus (COVID-19) pandemic, and having regard to the health and safety of the company’s directors, employees and shareholders, the meeting will be held in a virtual-only format via a live webcast, which can be accessed at http://web.lumiagm.com/469793926, using the meeting password “fury2021”. Following the conclusion of the meeting, senior management will be in attendance to give a company presentation, as well as answer questions in an informal question-and-answer session through the webcast platform.
Unigold Inc. (CVE:UGD) (OTCQX:UGDIF0 (FRA:UGB1) has said that the Technical Report titled “Updated Mineral Resource Estimate And Preliminary Economic Assessment For The Oxide Portion Of The Candelones Project, Neita Concession, Dominican Republic” has been filed on SEDAR. The Technical Report, with an effective date of May 10, 2021, provides the required technical disclosure supporting the Company’s recent PEA study for the oxide portion of the deposit and an updated Mineral Resource Estimate which supports moving a portion of the sulphide resources to the Measured and Indicated categories.
OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, today announced Troilus Gold Corp. (TSX:TLG) (OTCQX:CHXMF), a development-stage gold and copper mining company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. “This upgrade to the OTCQX Market is a testament to our progress and our continued success of executing on our plan to grow and develop the Troilus gold and copper asset into a cornerstone mine in North America”, commented Justin Reid, CEO of Troilus. “It also demonstrates our financial strength and our commitment to delivering the highest standard of compliance, disclosure and corporate governance. Of all the securities traded on the OTC Markets, we are very proud to be among the 5% on the top tier OTCQX. We anticipate that this upgrade will increase our exposure within the US investment community and provide greater access to shareholders seeking to take part in Troilus’ growth.”