A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Alternus Energy Group Plc (OSE:ALT) has announced its up-listing to the Euronext Growth Oslo stock exchange with trading set to commence on June 30, 2021. Ahead of the up-listing, the European independent power producer (IPP) completed a private placement of 2.5 million new shares at a price of approximately €2.8 (NOK 28) per share on June 24, raising €7 million. The private placement increased the total amount of shares in the company to just over 26 million, resulting in a market capitalization of approximately €73 million. “We will use the funds from the private placement to continue executing on our current 1.4 GWp contracted backlog of projects,” chairman and CEO Vincent Browne said in a statement.
Bioasis Technologies Inc () () it has closed on initial funding under the previously announced convertible security funding agreement with Lind Global Macro Fund LP, an entity managed by The Lind Partners, LLC, a New York-based asset management firm. Under the agreement, Lind advanced to Bioasis C$3 million , less a closing fee of C$90,000, in consideration for the issuance of an uncertificated convertible security in the principal amount of C$3 million and having an aggregate face value of C$3.6 million. Bioasis issued to Lind 4,839,048 common share purchase warrants exercisable for 30 months from the date of issue at an exercise price of $0.41 per share. The proceeds from the issuance of the First Convertible Security will be used for general working capital.
Highgold Mining Inc () said The TSX Venture Exchange has accepted for filing an exploration agreement between the company, arm’s-length parties and Epica Gold Inc (a subsidiary of the company) for certain Ontario projects. As consideration, the company will issue the arm’s-length parties an aggregate of $100,000 of common shares. Depending on exploration costs, the company may also pay up to $75,000 in any given year.
Western Magnesium Corp () said The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 17, 2021.
Maxim Group has initiated coverage of () () () with a “Buy” rating and a 12-month price target of US$1. Mindset Pharma is focused on creating optimized and patentable next-generation psychedelic medicines to treat neurological and psychiatric disorders. Maxim noted that the company is building out next-generation psychedelics with four families of compounds including psilocybin and DMT/5-MeO-DMT analogues as well as a fifth family platform technology for improving psychedelic drugs.
Plurilock Security Inc () (OTCQB:PLCKF) issued a corporate update highlighting an “active” first half for the cybersecurity firm, with US$3.2 million in new business signed since April. The Victoria, British Columbia-based company closed a key acquisition of Aurora Systems Consulting Inc, a leading IT and security solutions provider, in March 2021. Aurora reported US$28.1 million in revenue in 2020 and gross margins of US$1.4 million. “The first half of 2021 has been an active one for our team,” Ian Paterson, Plurilock’s CEO said in a statement.
Corp () said it has completed a purchase agreement for the Garden Gate Pass property in the Cortez mining district of Nevada. The company has agreed to exchange an initial cash payment of $50,000 as well as 200,000 common shares of American Eagle and make advanced royalty payments starting at $15,000, paid every six months to Pyramid Lake for the property. Pyramid Lake will also be granted a 3% net smelter return royalty on the project, with American Eagle retaining the right to buy 1.5% at the time of a production decision for $1 million.
Inc () () (FRA:7CR) has said its seventh operator has gone live and is actively offering the company’s proprietary live dealer technology to its network of players in select markets. The Vancouver-based company’s technology combines high definition live streaming dealers with state-of-the-art augmented reality betting to provide an authentic casino experience. Playgon said it continues to grow its network with global operators offering players access to the company’s innovative mobile live dealer product. Existing operator partners are being leveraged through Playgon’s previously announced license agreements with aggregators Intelligent Gaming, Swintt and Solid Gaming.
() (FRA:3WQ0) revealed the remaining assay results from its 8,600-metre winter drill program on the Regnault target at its Frotet project that showed significant gold mineralization along the R2 structure. Located in northern Quebec, Frotet is a joint venture between Kenorland and Sumitomo Metal Mining Canada Ltd. Vancouver-based Kenorland reported results from the remaining 15 of 30 diamond drill holes, or 5,104 total metres drilled. Of the seven holes targeting the R2 structure, six encountered “significant” gold mineralization, according to a release.
Inc () has announced that the US Food and Drug Administration (FDA) has granted orphan drug designation to envafolimab, a novel, single-domain antibody against PD-L1. Envafolimab is the first subcutaneously injected PD-L1 inhibitor to be studied in pivotal trials. The antibody gained orphan drug status from the FDA following TRACON’s submission of an amended application that included Phase 1 clinical trial data from sarcoma patients treated with single-agent envafolimab. Clinical trial data were submitted in response to an FDA request to provide data using envafolimab to treat patients with soft tissue sarcoma that demonstrated a therapeutic effect, the company added.
() (OTCQX:STRFF) has provided an update on its previously announced US$18 million gold purchase and sale agreement with Arizona Gold Corp which will be used to finance the restart of underground operations and gold production at the Copperstone Gold Mine in Arizona. Arizona Gold announced on June 28 that it has entered into a definitive arrangement agreement with Corp () (OTCQX:NTGSF) pursuant to which Arizona Gold and Golden Predator have agreed to merge to create a new North American-focused, near-term gold producer. The transaction would combine Copperstone and the historic, past-producing Brewery Creek Gold Mine in Yukon, Canada.
Todos Medical Ltd () has revealed that it continues to make progress with enrollment of its Phase 2 clinical trial to treat hospitalized coronavirus (COVID-19) patients in Israel, with its TolloTest biomarker being used for the first time as a surrogate biomarker to monitor patient response to treatment. In a second-quarter 2021 corporate update, the medical diagnostics and related solutions company also said its partners at NLC Pharma have identified an anti-inflammatory mechanism of action for its Tollovir dietary supplement to complement its 3CL protease inhibiting mechanism. Tollovid, a mix of botanical extracts, is being targeted to support healthy immune function against circulating coronaviruses.
authID.ai Inc, formerly named Ipsidy Inc (), has introduced its new non-executive directors to company shareholders and stakeholders. The four new members join Chairman Phillip Kumnick, along with Philip Broenniman and newly appointed CEO Tom Thimot. authID.ai said the new appointments strengthen the company’s broad industry experience and aim to provide guidance, support, and oversight as it expands its technology offering and works to deepen its business pipeline.
() (OTCPINK:RFHRF) (FRA:9RR) told investors that it has completed the first hole of the June 2021 drill program at its Surimeau District battery metals project in Quebec and also reported positive sampling results from a hole drilled this year at its Parbec gold project. The hole at Surimeau was completed to a length of 237.7 metres (m) in a successful bid to obtain a deeper intersection of mineralization and structure seen in a previous hole. The hole hit visual mineralization and core will be sampled and sent to the lab for assay. Meanwhile, at Parbec, the company reported the result of additional sampling of core from one hole PAR-20-101, the second in its 15,569m drill program. The additional sampling meant the mineralized interval was extended to 31.5m at a grade of 0.69 g/t gold, joining two previously released mineralized intervals.
() () (FRA:5VR) has said that second phase drilling is now underway at its Reveille silver-copper and gold project in Nevada, USA and that it believes the potential source of the mineral system there has been identified at the now confirmed anomaly at Kawich. Phase 2 drilling, comprising four holes, is expected to take two to three weeks, with geochemical results anticipated by the end of the summer. Two holes are aimed at testing the breccia pipe at G1 intersected in over 100 metres (m) of drill core in the final hole of the Phase I program, and two holes are planned to test the core of the new IP anomaly at Kawich, said VR.
LexaGene Holdings, Inc. () () said the company has filed its Annual Information Form and its financial results for the fourth quarter and year-end February 28, 2021. Full details of the report can be found at The System for Electronic Document Analysis and Retrieval (SEDAR), the filing system developed for the Canadian Securities Administrators and on the company website: www.lexagene.com
() () () closed the acquisition of merchant services gateway XPort Digital Limited in a deal worth C$5 million. XPort is a merchant services fiat-to-crypto gateway onramp solution that offers credit card processing for cryptocurrency exchanges and wallets. The firm is planning to launch its retail site, Buybitfast.com, in the third quarter of 2021.
BlueRush Inc () (OTCQB:BTVRF) is reporting that its third-quarter SaaS revenue increased by double digits year-over-year. For the period ending April 30, the company said it generated SaaS revenue of $517,878, a 44% increase compared to the year-ago quarter. In addition, BlueRush said it has pulled in year-to-date SaaS revenue of $1,487,018, a 63% increase.
Tribe Property Technologies Inc () has announced a partnership with real estate development company Landa Global Properties at its landmark Cascade City development in Richmond, British Columbia. The 15-storey, 271-unit development will join the 40,000-plus homes already utilizing Tribe’s services and solutions. The building is scheduled to occupy in mid-summer 2021. Landa Global has been using Tribe’s developer suite of products, including deficiency management and warranty tools, to help complete its condo and townhouse development in Richmond and digitize the community’s full suite of amenities, enabling them to be viewable and bookable with the company’s amenities feature.
Gold Mines Canada Inc () () (FRA:1QB1) said it has signed a binding property lease and option agreement with a private family to lease, with an option to acquire, 100% interest in new surface and mineral rights on properties within its Champagne gold project in Idaho in the US. The properties include four parcels of private ground totalling 240 acres. The parcels are located adjacent to the federal mining claims already controlled by . The Ranch is located northwest of the past-producing pits and will be instrumental in the company’s 2021 drilling program and ongoing exploration of the large induced polarisation (IP) anomaly on the project.
Braxia Scientific Corp () () () announced the launch of its psilocybin-assisted clinical therapy training program for medical professionals. Braxia said it hopes to develop a “new generation” of independent physicians, psychologists and psychotherapists that are interested in using psilocybin to treat depression. As part of the program, therapists will participate in delivering psychotherapy in upcoming clinical trials at Braxia that are evaluating the safety and efficacy of psilocybin in depression. Therapists would also be trained to implement psychedelics in clinical practice, pending regulatory approval.
() (OTCPINK:MWSNF) (FRA:MXR) has hit more high-grade gold and cobalt mineralization at the South Palokas prospect, ahead of an updated resource for its Rajapalot project in Finland earmarked to be released during August this year. The company has reported assays from three holes at the target, part of its 76-hole, 19,422 metres (m) 2020/21 drill program. Highlights included 15.3m at 3 grams per ton (g/t) gold, 998 parts per million (ppm) cobalt, 3.9 g/t gold-equivalent (AuEq) from 439.5m in one hole, which, “significantly” opens up high-grade gold potential at depth at South Palokas, said Mawson. That included an intercept of 2m at a grade of 11.2 g/t of the yellow metal, 1,019 ppm cobalt and 12 g/t gold-equivalent from 447.5m.
Heritage Cannabis Holdings Corp () () has posted fiscal second-quarter results that delivered strong profits and revenue growth fired by the growing popularity of the company’s portfolio of six brands. For the quarter ended April 30, 2021, the Toronto-based cannabis products company reported revenue that was up 251% to $4.6 million, compared to $1.8 million in the fiscal first quarter of 2021. The firm also saw its fiscal 2Q revenue jump by 338% year-over-year. In a separate statement, Heritage also revealed that it continues to expand into new provincial markets with an initial order from the Newfoundland and Labrador Liquor Corporation (NLC), the local recreational cannabis retailer, to sell its brands Purefarma, Pura Vida, RAD, Premium 5 and feelgood.
Inc () (OTCMKTS:CDXFF) has announced a new partnership with the Lung Health Foundation to supply remote patient monitoring (RPM) kits and services in the province of Ontario. The North American disruptor in virtual care based in Kitchener, Ontario and Brooklyn, New York, said the foundation plans to deploy the company’s Connected Health remote patient monitoring platform through Ontario hospital partners to “improve care for patients suffering from chronic obstructive pulmonary disease (COPD).” This comes on the back of a series of contract wins announced by in recent weeks, including a contract extension with a large Canadian provincial health authority, a partnership agreement with US-based Maxwell Telecare and a virtual clinic deployment in Newfoundland.
. () () (FRA:0YL) has said it will begin distribution at 16 Huckleberry’s Natural Market locations. Since the opening of the original Huckleberry’s in 1996, 15 additional “store with-in a store” concept locations have been added, all operating as a department with-in Rosauers Grocery stores with locations in the Spokane, Washington area, and with satellite locations in Idaho, Montana and Oregon. “Launching at Huckleberry’s continues to expand our availability in the key Pacific Northwest region,” stated Hamutal Yitzhak, CEO and co-founder of Else Nutrition.
() (OTCMKTS:FPOCF) (FRA:FP5) has kicked off a summer drilling program at its flagship Decar Nickel District property in central British Columbia. The 2021 summer drill is described as the most ‘active’ campaign to be conducted at Decar since 2012 and is expected to take eight weeks to complete.
() () (FRA:2V0) said it is expanding its consumer reach by entering into the employee wellness space through a deal with Venngo, the leading provider of group and employee perks in North America. The company has announced the launch of a new marketing program with Venngo, Canada’s most widely recognized of private group discounts and employee perk programs, with over 1.25 million Canadian’s already accessing Venngo’s merchant perks, offers, and digital content. Marble Financial’s MyMarble is the first and only AI-powered financial wellness technology solution available to Venngo members, providing Marble with an excellent opportunity to assist even more Canadians in improving their financial health and allowing Marble to increase brand awareness further and accelerate its member growth.
Corp (CVE:NUAG) (OTCQX:NUPMF) (FRA:3N7A) has commenced an initial discovery drill program at the Carangas Silver Project in Bolivia. The company said it has identified near-surface bulk-tonnage and high-grade vein-hosted silver-rich polymetallic targets centered on and adjacent to the historically exploited West and East Dome areas. Phase I of the 5,000-metre (m) drill program will consist of about 20 drill holes for an initial 3,000m to be completed over an eight-week period. Contingent on the success of initial results, follow-up drilling will complete the budgeted 5,000m program.
BioLargo Inc () has announced that its engineering subsidiary has recently been notified of several new contract awards. The Westminster, California-based company said the recent wins are expected to increase its operating cash flow, which will support its plans for top-line revenue growth and its efforts to commercialize several of its patented environmental technologies.
() () has announced the expansion of its preferred reseller and distribution relationship with Bernell through the expansion of its product offerings geared towards the behavioral optometry and vision training industries. “We’re very pleased with the partnership we’ve had with the team at Bernell and are excited to continue working with them to promote and distribute Binovi products. The feedback they’ve collected from their clients with respect to both Binovi Touch and Binovi Kit has been very valuable in the incremental changes made to both products. We look forward to working with Bernell for the foreseeable future,” commented Adam Cegielski, Binovi Founder + CEO in a statement.
American Manganese Inc () () (FRA:2AM) has announced another boost for its ground-breaking battery technology, saying it has the potential to ‘upcycle older style cathode materials into ones, which can be used in modern electric vehicle (EV) batteries. With partner Kemetco Research, the company said it had successfully produced, so-called, NMC-532 cathode precursor from recycled NMC (lithium-nickel-manganese-cobalt oxide) cathode waste. NMC-532 represents the ratios: 50% nickel, 30% manganese, and 20% cobalt, which is that used in today’s lithium-ion batteries.
() (NYSEAMERICAN:MMX) (FRA:7781) has reported the acquisition of a portfolio of precious metals royalties from Latin America-focused Pan American Silver Corp (TSE:PAAS) () (FRA:PA2). The portfolio includes six royalties and will be exchanged for 491,071 common shares of Maverix and a cash payment of $7 million. Currently, Maverix’s portfolio of globally diversified assets sits at more than100.
A/S (CPH:BIOPOR) (FRA:2P4) has announced that it is developing a point-of-care test for SARS-CoV-2 on the proprietary gRAD platform, which is designed to quickly and easily identify infected patients using a non-invasive sample. While indicative data from the process and studies in the US and Denmark support the gRAD platforms strong capabilities as a technology for rapid testing, said it seeks to secure a high sensitivity of more than 80% to further strengthen the clinical and commercial potential of the technology, compared to other rapid tests.
Mandalay Resources Corporation () () (FRA:R7X2) has reported encouraging exploration drill results from its Björkdal operation in Sweden, which augur well for mining higher gold grades within the current life-of-mine plan. The work, via two drill campaigns, has been focused on the eastern margin of the orebody, where significant veins have been encountered.
Company Ltd. () (OTCQX:NSRXF) said it has filed on a voluntary basis an independent NI 43-101 Technical Report titled “An Updated NI 43-101 Technical Report on the Blyvoor Mine, South Africa” with an issue date of June 25, 2021 and an effective date of March 1, 2021, for the Blyvoor Gold mine located in Gauteng Province, South Africa. The Technical Report focuses on the underground operations and associated infrastructure only, and was prepared to present updated mineral resources and reserves as well as an updated life of mine plan for the Blyvoor Mine. The report was prepared by Minxcon (Pty) Ltd, an independent international engineering firm specializing in mining and mineral exploration engineering and evaluation. A copy of the Technical Report is available on the company’s website at www.nomadroyalty.com.
Marvel Discovery Corp () said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement which will see the issue of 2 million shares at a purchase price of 10 cents per share, together with 2 million share purchase warrants with an exercise price of 15 cents for a three-year period with one placee.
Nextleaf Solutions Ltd. (CSE:OILS.CN) () has announced that Paul Pedersen, chief executive officer of the company, will present live at VirtualInvestorConferences.com on June 30, 2021, at 4.00pm ET (1.00pm PT) to 4.30pm ET (1.30pm PT) via the following link: https://bit.ly/34Tj6je. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. Investors can learn more about the event at www.virtualinvestorconferences.com.