Gevo Inc announced that its CEO Patrick Gruber will participate in a Water Tower Research Fireside Chat on Thursday, June 2, 2022 at 4 PM EDT. The topic will be a business overview. Investors and other persons interested in participating in the event must register using the link below. Please note that the replay may be accessed at any time after the presentation ends on June 2, 2022, utilizing the same registration link: https://globalmeet.webcasts.com/starthere.jsp?ei=1550774&tp_key=8c41aff149
Globex Mining Enterprises Inc provided a brief update on the latest drill results announced by Starr Peak Mining Ltd on Globex’s NewMetal property, Normetmar Zone, at Normetal, Quebec, which included 3.1 metres (m) of 4.2% copper, or 9.5% zinc equivalent over 5.9m. Globex noted that drilling continues on the property with two drills and Starr Peak also indicated that drilling by a third rig on Globex’s Rousseau and Turgeon Lake gold royalty properties has been completed and results are pending as are additional assay results from the winter drill program on the northern portion of the NewMetal property. Globex retains a 2.5% Gross Metal Royalty on the Normetmar Zone and retains over one million Starr Peak shares.
PyroGenesis Canada Inc has reportedly completed the commissioning phase of its program and the PUREVAP Quartz Reduction Reactor (QRR) pilot plant is now functional, according to its technology partner HPQ Silicon Resources Inc. In a statement, HPQ Silicon Resources noted that with the GEN3 PUREVAP QRR pilot plant functional the project is entering its “final” research and development phase. This constitutes operating the pilot plant to test the system under operational conditions and producing high purity silicon material needed by battery makers. With PyroGenesis Canada, HPQ is developing the PUREVAP Quartz Reduction Reactors (QRR), an innovative process which will permit the one-step transformation of quartz (SiO2) into high purity silicon (Si) at significantly reduced costs, energy input, and carbon footprint.
BioSig Technologies Inc plans to kick off a national commercial launch campaign for its PURE EP System on July 1, 2022 following multiple initiatives to accelerate its transition from limited market release to nationwide availability. “As a company, we have worked tirelessly to reach this point to commercially roll out our PURE System nationwide. We have put the right people in place and have executed on a strategy to see this come to fruition,” CEO Kenneth Londoner said in a statement. “We believe July 2022 will be a major milestone for our company and we look forward to collaborating with our new medical centers that recognize the invaluable benefits of Pure EP for their patients.”
SIGMA Lithium Corporation has announced the filing of its consolidated Phase 1 DFS and Phase 2 PFS Update of the NI 43-101 Technical Report for its 100% owned Grota do Cirilo Project. The consolidated technical report incorporates the Phase 1 Feasibility Study and a Phase 2 Pre-Feasibility Study, and demonstrates robust combined economics, highlighted by a combined after-tax NPV8% of US$5.1 billion and combined after-tax IRR of 589%. “With Phase 1 funded and in construction, we are delighted to share our progress on Phase 2 and the combined economics of this fully-integrated lithium project,” says Ana Cabral-Gardner, co-CEO and co-chairperson of Sigma Lithium in a statement. “We remain focused on delivering Battery Grade Sustainable Lithium for the electric vehicle supply chain, while continuing to focus on lifting the most vulnerable members of our local communities in Vale do Jequitinhonha, Brazil,” she added.
Clean Seed Capital Group Inc has announced that Saskatchewan dealer Canada West Harvest Centre (CAWHC) has placed orders for Clean Seed’s SMART Seeder MAX units. The seeding tools technologies provider said CAWHC has placed an initial order for three 2023 SMART Seeder MAX-5 Series-60 units in advance of the demonstration programs across Saskatchewan, which it believes are reflective of customer and dealer enthusiasm and support surrounding the SMART Seeder MAX.
Co-Diagnostics Inc, a molecular diagnostics company, has completed the principal design work on a PCR test for the monkeypox virus, the company announced. Outbreaks of the virus have been reported in roughly 20 countries (primarily in Europe) where it is not endemic, with more than 200 confirmed or suspected infections, according to reporting from Reuters and others. When complete, the new monkeypox test will feature the company’s patented CoPrimer technology, and it was designed using its proprietary software system.
Camino Minerals Corp announced that core drilling has started at the newly permitted Lourdes-Condori zones at its Los Chapitos copper project near the coastal town of Chala in Arequipa Department, Peru. The Vancouver, British Columbia-based discovery and development stage copper exploration company said near-surface high-grade copper drill targets at Lourdes-Condori are located in permitted areas that have never been drilled. The company is targeting bulk-scale manto-style copper mineralization to potentially support resource delineation studies at other known copper zones at Los Chapitos. In a statement, Camino Chief Geologist Jose Bassan said: “Copper oxides have been exposed intermittently along a 175-metre road cut that leads to our first drill target at the Lourdes zone. The exposed mineralization appears to be similar to that of our Adriana zone.”
Thunderbird Entertainment Group Inc has announced that former Disney programming executive Kitty Walsh has joined the company’s kids and family division Atomic Cartoons as its new executive director of development. Before joining Atomic, Walsh was director of development at Disney Junior, where she most recently served as the lead development executive on the new series Robogobo and recent special Mickey’s Tale of Two Witches. The company said Walsh would be spearheading development across all kids and family demographics. She and her team will be actively sourcing and developing intellectual property (IP) while continuing to foster and grow relationships with creative partners.
Aurelius Minerals Inc has unveiled its maiden mineral resource estimate for its Aureus East gold project that highlighted the potential of the Nova Scotia-based property. The report outlined 162,700 ounces (oz) of gold in the Indicated category, and another 387,600 oz in the Inferred group. In a statement, Aurelius hailed the “tremendous” exploration potential of the property, with multiple zones north and south of the axis of the deposit.
Revive Therapeutics Ltd said it has received positive comments from the Food and Drug Administration (FDA) regarding the company’s request to determine and agree on new primary efficacy endpoints for its Phase 3 clinical trial to evaluate the safety and effectiveness of bucillamine, an oral drug with anti-inflammatory and antiviral properties, in patients with mild-to-moderate coronavirus (COVID-19). The potential new primary efficacy endpoints include the rate of sustained clinical resolution of symptoms of COVID-19 which the company said addresses the shift in COVID-19 clinical outcomes observed over the course of the pandemic and, therefore, are more meaningful study endpoints for the FDA to consider to potential Emergency Use Authorization. Revive added that the FDA agreed the company may unblind the pre-dose selection data for the first 210 patients of the study to further support the new primary endpoint.
Adyton Resources Corp has welcomed the results of preliminary metallurgical test work on samples from its Gameta deposit in Papua New Guinea, which showed high recoveries of gold and silver and potentially low processing costs. Aussie group Core Metallurgy confirmed that ROM (run of mine) ore samples upgraded well using a limited range of conditions and produced a concentrate assay of 22.3 grams per ton (g/t) gold and 32.9 g/t silver with recoveries of 86.9% gold and 84.6% silver. “We are pleased with the outcomes of this preliminary test work which showed high recoveries of both gold and silver in concentrate which paves the way for a low capital, simple processing flow sheet of crush, grind and float to produce a saleable concentrate for sale to third party processors,” said Adyton managing director Tim Crossley.
Hapbee Technologies Inc CEO Yona Shtern has told shareholders that the company is “full steam ahead” in growing its wellness platform. “Hapbee’s platform – for both consumer and enterprise channels – is built upon a recurring revenue model (subscription for consumers and licensing for enterprise). This offers the most attractive value proposition from an investment perspective because of the long-term, predictable and repeatable nature of revenue streams matched with higher revenue multiples typically afforded ARR technology businesses,” Shtern said in a shareholder letter. Montreal-based Hapbee is a leading wearable wellness technology platform with a mission to help people improve their wellbeing and enhance how they feel.
ION Energy Corp has said its team will be joining other leading Mongolian mining companies at ‘Mongolia @ PDAC 2022’, on Monday, June 13 from 1.30pm to 6.00pm EST, with a networking reception to follow. With PDAC’s 90th anniversary conference quickly approaching, Mongolia’s government and mining leaders are excited to also be marking the 100th anniversary of the mining industry in Mongolia. ION also looks forward to the opportunity to connect with many investors on the tradeshow floor. at Booth #275.
Investors can register for Mongolia @ PDAC 2022 via the following link: https://pdacmongolia.com/
AMPD Ventures Inc has forecast a doubling of revenue for the year to end-May 2022 after it saw a surge in sales in the third quarter. “The exceptional team at AMPD continues to execute and build upon its plan of building a full 360-degree metaverse company despite experiencing a challenging downturn in the technology sector markets,” the company said in a preview of its FY2022 results. Revenue in the third quarter amounted to $1.7 million, an increase of 275% on the same period the year before, while in the first nine months of this year, sales rose 104% to $2.3 million.
enCore Energy Corp has announced the completion of the sale of the Cebolleta Uranium Project in New Mexico to Future Fuel Corporation, a major step towards reaching enCore’s goal of becoming the next producer of American uranium. The sale resulted in enCore holding approximately 15.90% of Future Fuels and a US$250,000 boost to enCore’s balance sheet, which will help bring its Rosita Central Uranium Processing Plant back into production, the company said. “enCore Energy is focused on providing the necessary and reliable, clean energy in the United States by advancing the Rosita Plant and our Texas assets towards production,” enCore executive chair William M Sheriff said in a statement.
Minto Metals Corp said it has delivered a positive performance for the second consecutive quarter as the copper producer posted its first-quarter metrics. Sales of copper from its Yukon mine rose by around 71% in the three months to end-March 2022 to 9.1 million pounds compared to 5.3 million pounds in Q1 2021. Net income came in at C$14.5 million compared to a loss of C$2.7 million a year earlier boosted by revenue, which was up 109%, at C$53.3 million compared to C$25.5 million in the first quarter of last year. “Our excellent operating performance and cost containment in a higher copper price environment has surpassed our expectations,” said Chris Stewart, Minto metals CEO in a statement. “Our team has strong momentum and has delivered a positive performance for the second consecutive quarter.”
Australis Capital Inc – dba AUDACIOUS – has announced that the company and its partner, First Americans LLC, have started construction of its New York cultivation, manufacturing and retail project located on the Saint Regis Mohawk territory. The Las Vegas-based cannabis company said the project will begin with a low-cost, customized growing system utilizing top class auto-flower genetics but an Achieve12 facility will eventually be constructed to expedite stocking products on shelves. “Early market entry into New York has been a core element of our strategy and we are 100% executing on this,” AUDACIOUS CEO Terry Booth said in a statement. “With first products hitting the market around October, we are well ahead of the general market, which is still waiting for the full regulations on how adult use will be introduced throughout the entire state.”
Prospector Metals Corp said it has acquired a 100% interest in the Leopard Lake Property, comprising 7,383 hectares on the boundary of the Wabigoon and Quetico sub-provinces in Ontario. The property, located 180 kilometres (km) northeast of Thunder Bay and approximately 20 km east of the past-producing Northern Empire Mine, is on the largely unexplored crustal-scale break between the Wabigoon and Quetico sub-provinces where there had been historic gold production of over 4 million ounces from a combination of quartz-carbonate vein systems/shears and sulphide replaced iron formation, Prospector said. “The Leopard Lake Property offers a rare district-scale opportunity in the largely unexplored portion of Ontario, with a crustal-scale break that has hosted numerous robust gold deposits elsewhere. This opportunity is a great example of the PPP strategy to acquire district-scale exploration projects which have been traditionally overlooked by previous folks due to technology, prevailing dogma or access,” Rob Carpenter, co-chairman of Prospector said in a statement.
Wishpond Technologies Ltd saw its quarterly revenue grow by 41% year-over-year as new acquisitions, coupled with organic growth powered the online marketing solutions company to a strong first quarter in 2022. For the three-month period ended March 31, 2022, the Vancouver-based firm posted revenue of $4.08 million, compared to $2.90 million in the same period last year. In a statement, Wishpond attributed the growth to its “expanded sales team, new product introductions and acquisitions.”
CO2 GRO Inc and its Mexican sales partner have announced that a second technology trial using the former’s technology is going ahead in the North American country. The company and Rancho Nexo said the trial is at an anonymous customer’s 5,500 square feet (sq ft) bell pepper greenhouse in the state of Querétaro. The aim is to increase fruit yield, reduce the spread of pathogens such as powdery mildew, and reduce the overall cost per unit of production and lift margins.
ReVolve Renewable Power Corp announced that it has signed a definitive agreement to acquire 100% of Mexico’s Centrica Business Solutions Mexico S.A. de C.V. (CBS Mexico), a subsidiary of Centrica PLC, for a total consideration of $33 million Mexican pesos. The renewable energy projects owner and developer said the deal adds a 2.8 megawatt (MW) portfolio of operational distributed generation assets in Mexico and a further 3MW asset that is under construction and expected to go into operation by the end of 2022.
Ayurcann Holdings Corp, a cannabis extraction company, said revenue in the third quarter of its fiscal year 2022 jumped nearly 7.7% year-over-year as it gained more traction in the market. For its fiscal 3Q ended March 31, 2022, the rapidly growing Toronto-based company reported net revenue of $2.8 million, compared to $2.6 million in the 3Q in fiscal year 2021. Ayurcann also logged $7.8 million in revenue for the nine months ended March 31, 2022, up 57% from the corresponding period in 2021. The $7.8 million figure also surpassed the company’s total revenue for the full fiscal year 2021.
Clean Air Metals Inc has announced results from the 2022 drill campaign at the Escape platinum group element, copper and nickel deposit of its Thunder Bay North project in Ontario. Assay highlights include Hole ELR22-137, which intersected 39 meters grading 1.17 grams per ton (g/t) platinum, 1.47 g/t palladium, 0.49% copper and 0.27% nickel between 361 meters (m) and 400m downhole. Hole ELR22-139 meanwhile intersected 16m grading 1.83 g/t platinum, 2.38 g/t palladium, 0.88% copper and 0.51% nickel between 383m and 399m, including 6m of 2.63 g/t platinum, 3.48 g/t palladium, 1.28% copper and 0.75% nickel from 385m to 391m. Hole ELR22-140 intersected 25m grading 2.01 g/t platinum, 2.57 g/t palladium, 0.94% copper and 0.52% nickel from 325.7m to 373m downhole.
Bridgeline Digital Inc has announced that its natural language processing (NLP) site search product, Celebros, has been chosen by another sports retailer, Michael Murphy Sports and Leisure, on the AB Commerce platform. The cloud-based marketing technology software provider said Michael Murphy has selected Bridgeline for a multi-year subscription after testing five competing site search products. “We’re excited to see another win from our partnership with AB Commerce,” Bridgeline Digital CEO Ari Kahn said in a statement.
New Age Metals Inc has said it is set to progress its lithium projects this spring after the 2022 exploration budget and program for its Manitoba lithium division have received the tick of approval from the company’s partner Mineral Resources Limited. New Age Metals CEO Harry Barr said the $1.8 million budget was the largest to date for the company’s lithium division and it would include a comprehensive exploration program covering multiple properties. “With the support of our partner, Mineral Resources Limited, we are looking forward to the advancement of our projects this coming season,” Barr noted.
Albert Labs International Corp said it has appointed Dr Sara Tai as principal investigator for its upcoming trial on KRN-101, a psilocybin-based medicine, for the treatment of cancer-related distress. Tai, a senior lecturer in clinical psychology at Manchester University, has extensive clinical research experience, according to Albert Labs. Tai developed psychological interventions for people diagnosed with a variety of mental health issues such as depression, psychosis and bipolar disorder, and her research focuses on the science and practice of therapy, progressing these into regulatory approved clinical practices.
Lion Copper and Gold Corp said it had struck an amicable deal to terminate a previously announced sale of water rights, which will further allow the advance of its MacArthur and Yerington assets in Nevada, USA. As a result, Lion Copper and Gold will recover the water permit designated for mining and milling use and will return a US$1 million deposit to Desert Pearl Farms, it said in a statement. It also follows the announcement in May this year of a final agreement between the company and Rio Tinto America Inc on the scope of the stage one work program at the firm’s Mason Valley assets in Nevada, which will see Rio Tinto provide $3.5 million in funding to advance the assets.
Think Research Corporation said it expects to realize $9 million in cost synergies this year as part of its cost optimization program. The company, which is focused on transforming healthcare through digital health software solutions, said it has formed an internal cost optimization team to review every aspect of its operations to ensure gross margins and operating margins are optimized while revenue growth targets remain unaffected. “The company made two acquisitions in the last 12 months which significantly increased our growth opportunities, but also our cost base,” Sachin Aggarwal, Think Research CEO said in a statement. The company extracted $5.8 million of aggregate annualized cost synergies associated with these acquisitions in the third and fourth quarters of full-year 2021. Think Research achieved an additional $1.1 million of annualized cost synergies in the first quarter of this year, with the total figure expected to reach $9 million by the end of FY2022.
Vox Royalty Corp has told investors it expects to report royalty revenues of between C$10 million and C$12 million in 2022—more than double what it realized in 2021—as it also revealed it has acquired a producing royalty on a Western Australian iron ore mine. The royalty, purchased from a private vendor, is a 1.25%-1.50% sliding scale gross revenue royalty (GRR) on the Wonmunna mine operated by major Mineral Resources Ltd. Vox is paying US$4.75 million in cash, US$12.15 million in Vox shares and issuing 3.6 million share purchase warrants with an exercise price of C$4.50.
Ortho Regenerative Technologies Inc (CSE:ORTH) announced that it has received a $500,000 grant to advance the development of its secondary technology platform indication ORTHO-M for meniscus repair. The grant was obtained through the company’s partnership with Polytechnique Montreal from non-profit organization Axelys, whose mission is to contribute to the economic and social prosperity of Quebec by accelerating the development and transfer of high-potential innovations stemming from public research, according to the company. Ortho Regenerative Technologies, which is focused on the development of novel soft tissue repair regenerative technologies, said there were approximately 600,000 meniscus repair operations in North America every year, representing a $1 billion market opportunity.
CULT Food Science Corp said it has secured office space in Toronto to further develop an incubation studio as well as a project development hub aimed at advancing its role as a leader in the cell-based and alternative food space in Canada. The company also announced the appointment of Dr Kantha Shelke to its advisory board as a complementary addition to its existing members. “We are excited to embark on this new adventure and work to develop a space to incubate ideas and transform them into valuable intellectual property and commercial opportunities in the cellular agriculture field,” said CULT CEO Lejjy Gafour in a statement.
Pacific Empire Minerals Corporation has announced that it has finalized two high-priority drill targets for the upcoming summer exploration season at its flagship Jean Marie copper porphyry project in north-central British Columbia. The company said the two targets had been chosen following the company’s comprehensive exploration programs at Jean Marie in 2020 and 2021, which incorporated historical data on the property. Pacific Empire CEO Brad Peters said the company’s initial objective was to test below shallow historic drilling at Target 1, where new geophysics suggests this zone extends at depth, dipping to the east.
Empower Clinics Inc said it has received accreditation for mobile services for its COVID-19 testing solutions through the Diagnostic Accreditation Program of the College of Physicians and Surgeons of BC, which regulates the practice of medicine in British Columbia. The accreditation allows Empower to offer concierge testing solutions at any location a client desires, the company said, adding that customers, especially those catering to large groups, may prefer concierge mobile services at a hotel, cruise ship, workplace, or conference venue. “With this newly certified mobile service, Empower Clinics is clearly the leader in offering the most convenient and fully certified COVID-19 testing solutions in and around the Port of Vancouver,” Steven McAuley, chairman and CEO of Empower Clinics said in a statement.
Forward Water Technologies Corp said it has been selected by the panel of The Centre for Ganga River Basin Management and Studies (cGanga) to participate in the Environment Technology Verification (ETV) program. The ETV program is used to accelerate the introduction, piloting and adoption of innovative new water and wastewater technologies into the India market. Selected technologies are evaluated by a panel and if approved, formal recommendation is made to the Government of India, Ministry of Water Resources for the piloting of the technology. The company’s president and CEO, Howie Honeyman commented: “The market demand in India is both critical and enormous but pin-pointing application opportunities remains a challenge. The ETV program will aid Forward Water in overcoming that barrier and give Forward Water the opportunity to demonstrate the promise of its unique Forward Osmosis approach for advanced water treatment.”
American Manganese Inc said it has begun first-stage testing of its RecycLiCo demonstration plant project with lithium-ion battery cathode production scrap feed material. The scaled-up demonstration plant is designed with a 500 kilograms per day input capacity of lithium-ion battery waste and will require each processing step of the process to be tested and analyzed, the company said. “Kickstarting the first stage of our demonstration plant project is an incredible milestone, and we look forward to showcasing our scaled-up technology to existing collaborators across the lithium-ion battery supply chain as we diligently progress through the demonstration plant processing steps,” said Larry Reaugh, president and CEO of American Manganese in a statement. “We believe this new phase of activities will continue to drive strategic engagement in the lithium-ion battery supply chain and enable the development of our first commercial recycling plant.”
Pure Gold Mining Inc said it has closed the first tranche of its non-brokered private placement, which was announced on May 6, 2022, with the second of two tranches expected to close on or about May 27, 2022. Between both tranches, the company said it expects to close on aggregate gross proceeds of approximately C$31 million. Proceeds from the offering will be used to complete the company’s near-term objectives of ramping up the PureGold Mine to 800 tons per day by Q3 2022, reducing operating and sustaining capital costs in Q2 2022 by at least 30% compared to Q1 2022, achieving sustainable positive site-level cash flow by Q3 2022, completing critical trade-off studies in support of the updated Mineral Resource, Mineral Reserve, and Life of Mine plan expected to be released by Q4 2022, and for general corporate purposes.
Mandalay Resources Corp has released the results of its annual general meeting of shareholders, held today, virtually. All the resolutions presented at the meeting were approved by the shareholders, with the votes cast by proxy representing 67.63% of the total shares outstanding as of the record date. The number of directors was fixed at seven members and each of the seven nominees listed in the company’s management information circular dated April 14, 2022, was re-elected to the company’s board of directors. Abraham Jonker remains the lead independent director and Bradford Mills continues as chair. Ernst & Young LLP was reappointed as the auditor of the company to hold office until the close of the next annual meeting of the shareholders or until its successor is otherwise appointed, and the directors were authorized to fix the auditor’s remuneration.
