A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Globex Mining Enterprises Inc (TSE:GMX) (OTCQX:GLBXF) (FRA:G1MN) said it has optioned the 77-hectare, past-producing Eagle gold mine property in Quebec to Maple Gold Mines Ltd (CVE:MGM). Under the agreement, Maple Gold Mines has the option to pay C$1.2 million, half in cash and half in shares, over a five-year period to Globex and undertake C$1.2 million in exploration over four years in order to earn a 100% interest in the Eagle property. As well, Globex will retain a 2.5% Gross Metal Royalty (GMR) of which a 1% GMR may be purchased by Maple Gold Mines for C$1.5 million before commercial production begins.
RedHill Biopharma Ltd. (NASDAQ: RDHL) has announced that all treatment and follow-up has now been completed in the 475-patient global Phase 2/3 study with opaganib (ABC294640) in patients hospitalized with severe COVID-19 pneumonia (NCT04467840), with top-line results expected in the coming weeks. RedHill is a leader in the development of novel oral therapies for COVID-19, with two first-in-class oral candidates in Phase 2/3 testing. Opaganib, their lead COIVD-19 compound, is a novel, host-targeted, dual antiviral and anti-inflammatory investigational pill in advanced clinical development for the treatment of severe COVID-19. Opaganib recently demonstrated potent in vitro inhibition of the Beta (South African) and Gamma (Brazilian) variants and based on its unique host-targeted mechanism and the preliminary results from this study, the company believes opaganib is likely to also maintain its activity against emerging variants, including Delta and Delta Plus.
Alpine 4 Holdings Inc (OTCQB:ALPP) said its Q2 2021 sales are estimated to rise by 54% year-over-year to total $14 million. Outlining its preliminary guidance for the second quarter, the company is also projecting the higher numbers to continue into 3Q 2021, where revenues could exceed $18 million. The diversified technology holding company has been busy this year advancing its portfolio of cutting-edge tech firms. Most recently, Alpine 4 announced that its subsidiaries, Impossible Aerospace Corporation and Vayu (US) Inc, were merging under the banner, Vayu Aerospace Corporation Inc.
Sigma Lithium Corporation (CVE:SGMA) (OTCQB:SGMLF) said that, further to its news release dated June 2, 2021, announcing the release of its preliminary economic analysis on Phase 2 of its high-grade project in Brazil it has filed the supporting technical report titled ‘Grota do Cirilo Lithium Project Araçuaí and Itinga Regions, Minas Gerais, Brazil, Phase 2 (Barreiro) Update of the NI 43-101 National Instrument Technical Report on Feasibility Study’. The PEA Phase 2 Technical Report was prepared by leading mining consulting and engineering services firms including: Primero Group Americas Inc. (a subsidiary of Primero Group Ltd), SGS Geological Services of Canada, Promon Engenharia and GE21 Consultoria Mineral in Brazil. The PEA Phase 2 Technical Report can be found on the company’s website at www.sigmalithium.ca
Adcore Inc (TSX:ADCO) (OTCQX:ADCOF) (FRA:ADQ), an e-commerce advertising management and automation platform to leverage digital marketing, announced that its shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States. “We are pleased to announce that we have received DTC eligibility,” said Adcore CEO Omri Brill in a statement. “The ability to have the company’s shares electronically transferred between brokerages in the US not only simplifies the process and reduces costs incurred by US investors, but also opens the door for investors who may have previously been restricted from purchasing our shares.” Israel-based Adcore provides search engine marketing software solutions and services via automation and machine learning technologies. In addition, Adcore said that all items on the agenda at its annual meeting of shareholders was approved.
Logiq Inc (NEO:LGIQ) (OTCQX:LGIQ), a global provider of e-commerce and fintech solutions, said it has promoted Steven Hartman to chief operating officer as the company gears up to help small and medium-sized businesses thrive in the global e-commerce marketplace. The New York-based company said that Hartman will be responsible for defining the company’s “global strategy, branding and communications, and setting performance goals.” He will also be in charge of effectively managing corporate infrastructure. Hartman succeeds Daniel Urbino, who is leaving the company to pursue other interests.
Todos Medical Ltd (OTCQB:TOMDF) has entered into a distribution agreement with Fosun Pharma for the cPass SARS-CoV-2 Neutralizing Antibody Detection Kit. The kit has received Emergency Use Authorization (EUA) from the US Food and Drug Administration for the detection of SARS-CoV-2 receptor-binding domain (RBD or neutralizing) antibodies. Todos sees a large market opportunity developing for cPass that will begin to encroach on the COVID-19 PCR testing market, which rapidly developed into an $80 billion market worldwide in 2020, as immune monitoring will be the primary driver of COVID-19 testing growth going forward.
Snowline Gold Corp (CSE:SGD) (OTCQB:SNWGF) said it has closed a previously announced non-brokered private placement of 2,857,142 units at a price of C$0.35 per unit for total proceeds of C$999,999.70. The capital will be used to advance the company’s Ursa gold and base metals project in Yukon, Canada. Snowline also disclosed that Crescat Capital LLC has been granted a pre-emptive right to maintain its pro-rata interest pursuant to the terms of an investment agreement, as long as Crescat continues to hold 2% of Snowline’s common shares.
CytoDyn Inc (OTCQB:CYDY) has shared strong preliminary results from its Phase 1b/2 trials and compassionate use study of its flagship drug candidate leronlimab in 30 metastatic triple-negative breast cancer (mTNBC) patients. The leronlimab trial is being carried out in combination with carboplatin for the treatment of metastatic triple-negative breast cancer. In a statement, Creatv MicroTech Director of Clinical Research & Development Daniel Adams said: “While these are only interim results at the 12-month point, our ability to rapidly monitor and identify patients that appear to respond to leronlimab using a single tube of blood is quite an encouraging finding.”
Thor Explorations Ltd. (CVE:THX) (LON:THX) has told investors it expects to pour first gold from its Segilola mine project in Nigeria before the end of this month as the firm revealed it had started commissioning the process plant. The plant is being made live in stages with the power plant already being commissioned. Next will be the SAG & Ball Mills and the crushing section. Work is also remaining on the gold room, elution and electrowinning circuit.
TPCO Holding Corp – The Parent Company – (NEO:GRAM:U) (OTCQX:GRAMF) has launched a new-look cannabis mobile shopping application on the Apple App Store. The new app allows California customers to buy cannabis through the platform and receive rewards through The Parent Company’s Caliva CLUB loyalty program. Consumers can place pickup or delivery orders, pay electronically and access online chat and scheduled consultations, San Jose-based The Parent Company said in a statement.
NEO Battery Materials Ltd (CVE:NBM) (OTCMKTS:NBMFF) (FRA:1BC) revealed that it has struck a Memorandum of Understanding (MoU) with Ferroglobe Innovation (FGI), a subsidiary of Ferroglobe PLC (NASDAQ:GSM) (FRA:5FG), a top global supplier of silicon metal, silicon-based and manganese-based specialty alloys and ferroalloys. The Vancouver battery metals resource company said the two firms entered into a non-disclosure agreement (NDA) in April and have “advanced discussions regarding the development of silicon powders and anode materials.”
FPX Nickel Corp (CVE:FPX) (OTCMKTS:FPOCF) (FRA:FP5) has announced the appointment of Randy MacGillivray as the company’s new manager of environment and government affairs. MacGillivray, who previously held a similar role with Centerra Gold Inc (TSE:CG) (NYSE:CGAU) (FRA:GOU), will support FPX’s senior leadership in managing the environmental, community and government engagement efforts of the company’s Preliminary Economic Assessment (PEA)-stage Decar nickel district in British Columbia (BC).
Contakt World Technologies Corp. (CSE:HELP) has announced that trading in its Class A Subordinate Voting Shares will commence on Monday, July 19, 2021, on the Canadian Securities Exchange (CSE) under ticker symbol “HELP”. Trading was previously paused on October 30, 2020, pending completion of its “fundamental change” involving Tracker Ventures Corp., (CSE:TKR) (OTCMKTS:TLOOF) which took place on July 12, 2021. The company also said it will host a corporate update webinar on Tuesday, July 20, 20231, at 12.00pm ET. Contakt World founder and Chief Visionary Officer Justin Beck will provide an update to shareholders and prospective shareholders of material progress by the company since October 30, 2020, and the long-term potential for the company in public and private markets. To participate, investors can use the following registration link: https://us06web.zoom.us/webinar/register/WN_guCUCCeTSz6rszvlHK_FHA.
GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS) (FRA:GDT) has announced that, as part of its US mass marketing strategy to bring awareness to GlobeX Data’s Sekursolution, it is launching a 30 seconds commercial that has started airing today, July 19, 2021, on the following TV channels: CNBC, Bloomberg TV, CNN, MSNBC, Fox News Channel, Fox Business News. The commercials will air in total 116 times as part of a marketing test campaign from July 19, 2021, to August 15, 2021. Alain Ghiai, CEO of GlobeX Data said: ‘We are very happy to be launching our Sekur 30 seconds commercial in the United States on such prestigious and popular channels. The target audiences of CNBC, Bloomberg TV, CNN, MSNBC, Fox News Channel, Fox Business News, are a perfect match for Sekur, as Privacy and Security has become a very hot topic and a big problematic as consumers and businesses’ data are being mined constantly, violating people’s privacy and security and risking intellectual property of businesses in the USA and throughout the world. We look forward to introduce Sekur, and its many unique benefits, such as Swiss hosted data privacy and security, and the right for consumers and businesses not to have their data mined by third party service providers. As we are not connected, and never have been connected, to AWS, Microsoft Azure or Google Cloud platforms, commonly referred to as “Big Tech”, we can offer a truly independent, private and secure means of communications through secure messaging, secure voice record transfer and secure email and secure video conferencing, through our proprietary technology and our secure servers based in Switzerland. As we move forward, and our brand becomes synonymous with data privacy over the coming months and years, we look forward to offer true data privacy and no data mining to all Americans.” the commercial can be viewed via the following link: https://youtu.be/VTZy_C4XFs4
Biocept, Inc. (NASDAQ:BIOC) has announced that Michael Nall, its president and CEO, will participate at the following investment conferences: Brookline Capital Markets Newport Symposium, ‘Transformative Biotech – Cancer, Rare Diseases, and Viruses,’ which will feature group and one-on-one investor meetings and panel discussions with scientific and industry experts. The conference is being held in Newport, Rhode Island on July 26, 2021; and at A.G.P.’s Virtual MedTech Summer Conference, which will feature one-on-one investor meetings. The conference is being held on July 29, 2021. A copy of the Biocept Investor Presentation is available via the following link: https://ir.biocept.com/.
Spotlite360 Technologies Inc. (CSE:LITE) has published an original video presentation delivered by its president James Greenwell, discussing cannabis industry applications for blockchain and Internet-of-Things (IoT) technologies such as those developed by Spotlite360. In the 17-minute video presentation, which can be viewed on the company’s YouTube channel via the following link https://www.youtube.com/watch?v=5Bmh0_I4JVc, Greenwell introduces the Spotlite360 technologies and explains the synergies between blockchain and IoT functionality. Initially, he outlines the current landscape of supply chains in the US cannabis industry and the issues that arise from conflicts between laws at the federal and state levels (e.g., lack of EPA oversight of pesticide use). Greenwell then describes the nuances of specific cannabis product types (e.g., distillate and crude oils) and how the Spotlite360 technologies can provide value both for stakeholders in the cannabis supply chain as well as the end consumer. Early in the video, Greenwell also shows examples of unique item-level tracking technologies that can be used with Spotlite360 such as RFID (Radio Frequency Identification) tags. Greenwell commented: “In the past few years, cannabis has become an increasingly sophisticated market segment from a supply chain perspective. Macro-level demand has put cannabis existing cannabis supply chain solutions to the test, especially in markets that allow both recreational and medical use. I encourage everyone involved in the cannabis, logistics, or blockchain technology sectors to watch our latest video presentation to see how powerful tracing and tracking technologies combined with blockchain to enable supply chain partner collaboration are necessary to respond to the demands for visibility and compliance that exist in the Cannabis industry.”
Else Nutrition Holdings Inc. (CVE:BABY) (OTCMKTS:BABYF) (FRA:0YL.F) said it will host a company update on October 4, 2021, in New York City, at a venue to be announced ahead of the event with registration and RSVP links. “We are working on some exciting developments we would like to present to shareholders in person,“ commented Hamutal Yitzhak, CEO and co-founder of Else Nutrition. “We look forward to this event and invite both retail and institutional investors to attend our conference”.
New Pacific Metals Corp. (TSX:NUAG) (NYSEAMERICAN:NEWP) said it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada and a corresponding shelf registration statement on Form F-10 with the US Securities and Exchange Commission. The Prospectus is expected to provide the Company with a flexible and efficient approach for completing future financings. The Prospectus and Registration Statement enable the company to make offerings of up to US$200,000,000 of common shares, preferred shares, debt securities, warrants, units or subscription receipts of the company or any combination thereof from time to time, separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the offering and as set out in an accompanying prospectus supplement, during the 25-month period that the Prospectus is effective. The specific terms of any future offering will be established in a supplement to the Prospectus, which will be filed with the applicable Canadian securities regulatory authorities.
OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Naked Wines PLC (LON:WINE) (OTCQX:NWINF), a company which connects winemakers to end consumers online, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. “We are delighted to welcome Naked Wines to the OTCQX Market,” said Jason Paltrowitz, executive vice president of Corporate Services at OTC Markets Group. “Cross-trading on OTCQX will enable Naked Wines, which is listed on London’s AIM market, to expand their US investor base and enhance their global liquidity. We look forward to providing the company and its investors with a transparent and efficient trading experience and all the benefits of our premium public market.”. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Nick Devlin, Naked Wines group chief executive, commented: “We are pleased to have qualified to trade on the OTCQX Market, the highest tier of the OTC market. Trading on OTCQX will provide US institutional and retail investors, and our colleagues, the opportunity to share our growth as we build on a breakthrough year for Naked Wines following an unprecedented channel shift to online, accelerated by the COVID-19 pandemic.”