Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

NA Proactive news snapshot: AIM ImmunoTech, Montero Mining and Exploration, Healixa, Ortho Regenerative Technologies, Gold Resource Corp UPDATE ...

Published 2022-07-28, 12:00 p/m
Updated 2022-07-28, 12:15 p/m
© Reuters NA Proactive news snapshot: AIM ImmunoTech, Montero Mining and Exploration, Healixa, Ortho Regenerative Technologies, Gold Resource Corp UPDATE ...

© Reuters NA Proactive news snapshot: AIM ImmunoTech, Montero Mining and Exploration, Healixa, Ortho Regenerative Technologies, Gold Resource Corp UPDATE ...

AIM ImmunoTech Inc has announced what it calls positive preliminary pilot study data from its ongoing Expanded Access Program (EAP) evaluating its investigational drug Ampligen as a therapeutic for Long COVID. The immuno-pharma firm said the preliminary data from this uncontrolled clinical trial found that patients reported statistically significant improvements in chronic fatigue after treatment with Ampligen and, based on these early results, the company is working to move forward with a Phase 2 controlled trial.

Montero Mining and Exploration Ltd has said it is seeking substantial damages against the United Republic of Tanzania from its fully funded arbitration proceedings over the expropriation of the Wigu Hill Rare Earth Element Project before the International Centre for Settlement of Investment Disputes' (ICSID), part of the World Bank group. Montero submitted its Memorial on the Merits to the ICSID arbitral tribunal in May 2022 as per the time schedule agreed by the parties and the tribunal. The Memorial contains the basis for compensation to Montero for C$90 million including interest up until May 2022, which interest continues to accrue. In a statement, Dr Tony Harwood, president and CEO of Montero commented: "Montero has submitted a claim to the ICSID for damages of C$90 million. The company has made repeated attempts to work with Tanzanian Government to reach an amicable settlement without success, while the discovery and development of the Wigu Hill project has created significant value for Tanzania. We are committed to pursuing fair treatment of our shareholders and a return on our substantial investment of time and money in Tanzania through a fully funded arbitration process governed by ICSID, a part of the World Bank."

Healixa Inc has announced the appointment of award-winning executive Satyajit Deb to its advisory board. The company said Deb was a highly accomplished entrepreneurial, senior executive with more than 20 years of extensive global experience leading innovation, product development, marketing, and business development efforts. Highlights from his career include leading Global Innovation for McDonald’s Happy Meal and Family Marketing Programs and orchestrating the development and market launch of multi-million-dollar revenue-generating product innovation Video-in-Print which was the world's first HD video embedded in print packaging and loyalty applications used by Fortune 500 Brands.

Noble Capital has repeated an 'Outperform' rating and C$1.35 (US$1.05) price target again tagged Ortho Regenerative Technologies Inc following news the first patient in the ORTHO-R rotator cuff Phase I/II trial has received surgical treatment. Ortho said recently that it had begun enrolling patients in its US phase I/II clinical trial of rotator cuff tear repair after the first patient surgery was completed in its US phase I/II clinical trial of rotator cuff tear repair. "If patient enrollment expectations hold. We consider the company's ORTHO-R/RESTORE platform safety profile to be excellent," analysts said.

Gold Resource Corporation said its has declared a quarterly dividend of one cent ($0.01) per common share for the third quarter of 2022 payable on September 30, 2022, to shareholders of record as of September 15, 2022. It said dividends may vary in amount and consistency or be discontinued at the board's 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 described in the company's public filings with the US Securities and Exchange Commission.

Planet 13 Holdings Inc said Planet 13 Illinois LLC, in which it owns 49%, has been awarded a conditional adult use dispensing organization license in the Chicago-Naperville-Elgin region from the Illinois department of financial and professional regulation. "After a long wait, it is great to be granted our license and to have the opportunity to move forward with our Illinois dispensary plans," said Larry Scheffler, co-CEO of Planet 13 in a statement. "The Chicago region offers significant value for cannabis operators. It has strong cannabis sales, a large population base, an attractive tourist destination, and is ready for the Planet 13 experience," he added.

Gold Resource Corporation said it sold a total of 8,746 ounces of gold and 231,622 ounces of silver in the second quarter of 2022 for a gold-equivalent total of 11,475 ounces. Additionally, the company said it sold 3,590 tonnes of zinc, 286 tonnes of copper, and 1,755 tonnes of lead. "Production remains solid at the Don David Gold Mine in Mexico with significant improvements in financial measures over the same period last year. The volume of tonnes processed during the quarter declined slightly from Q1 as we continue to address ground support challenges common to our type of mineral deposit,” Allen Palmiere, the company's CEO said in a statement.

Algernon Pharmaceuticals Inc, a clinical-stage Canadian pharmaceutical development company, has announced additional positive results from its phase 2a study of NP-120 (Ifenprodil) for idiopathic pulmonary fibrosis (IPF) and chronic cough. After a further review of the topline data, Ifenprodil was shown to be much more effective at reducing cough in patients than initially reported, the company said. "Ifenprodil's potential as a potent cough treatment just increased," said Christopher J Moreau, CEO of Algernon in a statement. "We have to remember that cough in IPF patients has been historically even more difficult to treat than stand-alone chronic cough. It is quite possible that Ifenprodil may show an even greater efficacy if tested directly in patients that only have chronic cough in the absence of IPF."

HighGold Mining Inc has said its $9 million 2022 exploration program at the Johnson Tract polymetallic gold project in Alaska is well underway. “Our 2022 Johnson Tract drill program is in full swing, and we are very pleased with the early visual results from veined and brecciated intercepts at the Difficult Creek (DC) prospect and the potential opportunity to grow a second JT-style deposit on the property,” HighGold CEO Darwin Green said in a statement. “With the addition of the new on-site sample prep lab built this year, we hope to be receiving new assay results during our drilling season which will allow us to react immediately with follow-up holes,” he added.

Versus Systems Inc said that it has launched Zaxby’s PLAYMUSICITYGP.COM to support Zaxby’s sponsorship of the Music City Grand Prix IndyCar Race. The company said it has partnered with Innovative Group's newly-formed Innovative New Media, which is working with Zaxby's and with Music City GP teams. "We are excited to support Innovative New Media, Zaxby's, and Music City while expanding IndyCar fans experience," Matthew Pierce, founder and CEO of Versus Systems said in a statement. "We are proud to work with Innovative New Media to bring more interactive and rewarding games and experiences to IndyCar, and to fans and audiences of all kinds of live events throughout the country."

Burcon NutraScience Corp announced that its joint venture (JV) company, Merit Functional Foods Corporation, has developed an innovation utilizing its non-genetically modified organism (GMO) Peazazz pea protein as part of a 100% protein-based clean label solution to replace methylcellulose, a synthetic ingredient widely used in food and meat alternative applications. The developer of plant-based proteins for foods and beverages said Merit's Peazazz pea protein can now help drive clean label food and beverage applications. “We are very pleased with Merit's latest innovative protein-based solution that has the potential to disrupt a $1.96 billion methylcellulose market,” Burcon NutraScience interim CEO Peter Kappel said in a statement.

Todos Medical Ltd announced that its CLIA/CAP certified clinical laboratory Provista Diagnostics has entered into an agreement with Amerimmune Diagnostics, a CLIA/CAP certified laboratory with expertise in immune diagnostics and a leader in the field of clinical immunology and immune assessment of acute and long-COVID. Under the agreement, Amerimmune will provide Provista with clinically validated immune panels to assess patients with acute and long-COVID. Provista will complement the testing by measuring the immune system's ability to produce neutralizing antibodies to the SARS-CoV-2 virus. "All of the tests that are part of long-COVID are currently covered by commercial insurance. The Long COVID Panel will provide key insights on inflammatory responses related to immune system cells, whether a patient is immune compromised, and whether a patient produces neutralizing antibodies," Todos said in a statement.

Aurion Resources Ltd said the winter drill program at its joint venture (JV) with B2Gold (TSX:BTO) in Finland was "highly successful" such that the exploration budget for 2022 has been increased by C$3.5 million to C$13.5 million, and which will include 17,000 metres (m) of drilling. The venture, in which Aurion has a 30% stake, with operator B2Gold owning 70%, covers around 331 square kilometers (sq km) along the Sirkka Shear Zone in the Central Lapland greenstone belt and includes discoveries such as Helmi, Kutuvuoma, Soretiavuoma and Kettukuusikko. Aurion has now posted the results for the final 12 holes from the winter 2022 program, including six at the Helmi Discovery and six scout holes testing selected regional targets.

American Battery Technology Company said it has beefed up its research capabilities with new laboratories at the University of Nevada, Reno. The new labs are part of the company's Research Development Center housed at the Nevada Center for Applied Research (NCAR) at the university. The center is focused on domestically and sustainably sourced battery metals extraction and qualification processes.

Deepspatial Inc said it has been invited to present at the United Nations General Assembly Forum (UNESCO) Artificial Intelligence for Information Accessibility 2022 Global Conference, where the theme is promoting and understanding artificial intelligence (AI). The company said AI can be "very beneficial to society but if abused it can also be very harmful". The theme raises a range of issues, including the relationship between AI and law, AI and ethics, media and the right to know, creativity, and innovation. UNESCO's programs contribute to the achievement of the Sustainable Development Goals defined in the 2030 Agenda, adopted by the United Nations General Assembly in 2015.

Perk Labs Inc said it has continued to invest in its technology platform in the second quarter of 2022, reporting a 9% increase in its research and development (R&D) expenses during this period. For the quarter ended May 31, 2022, the company spent $406,000 on R&D, compared to $372,000 in the same quarter in 2021. The company also increased its spending on general and administrative expenses by 14%, from $568,000 in 2Q 2021 to $645,000, to support the prioritization of investor relations through its market awareness campaign.

Logiq Inc said it has completed the distribution of GoLogiq spin-off shares to its shareholders on record as of the close of business on December 30, 2021, through a special dividend on a one-for-one basis. This completes the previously-disclosed separation of Logiq and GoLogiq - formerly known as Lovarra - into two independent, publicly traded companies, the New York-based provider of eCommerce and fintech business enablement solutions said. "The distribution of GoLogiq shares to our investors marks a long-awaited journey in which we successfully transformed our business into two standalone entities to enhance value for our shareholders,” Logiq CEO Brent Suen said in a statement.

Evergen Infrastructure Corp said the TSX Venture Exchange has accepted for filing a share purchase agreement dated July 13, 2022, between the company, and 2418207 Alberta Ltd. and 2418367 Alberta Ltd. Under the terms of the agreement, the company may acquire 67% of the issued and outstanding shares of Grow the Energy Circle Ltd. By way of consideration, the company will make a cash payment of $2,054,336, subject to working capital adjustments, and will issue 600,000 shares at a deemed price of $5.50 per share at closing of the agreement. Additional cash considerations of up to a total of $4 million can be paid to the vendors if certain contingent requirements are met as per the terms of the agreement.

Infinity Stone Ventures Corp has announced the closing of the second tranche of a financing through the issuance of 1,328,333 units at a price of $0.15 per unit, for gross proceeds of $199,250. Each unit is comprised of one Class A Subordinate Voting Share and one-half of one share purchase warrant. Each whole warrant is exercisable into one share at a price of $0.30 for a period of three years from the date of issuance. In connection with the first tranche, the company issued 15,600 finders' warrants, and paid finder's fees of $2,340. Each finders' warrant is exercisable at a price of $0.30 for a period of two years from the date of issuance. The company intends to use the net proceeds from the financing towards general working capital.

American Resources Corporation has announced the rebranding of its reELEMENT Technologies website, including newly produced industry and process and technology videos. Dave Sauve, vice president of reELEMENT Technologies commented: "Highlighting and showcasing the efficiency and low environmental impact of our process and technology is important as we are creating a domestic alternative to the existing environmentally and socially disastrous alternatives used across the globe. Our new website and informative videos illustrate the impact and needed solutions we are delivering. We are excited to share these with the public as we continue to hit important milestones." Mark Jensen, CEO of American Resources Corporation added: "The website update is a natural progression since rebranding American Rare Earth to reELEMENT Technologies and the previously discussed plans to grow reELEMENT and explore all avenues to maximize shareholder value. We believe this update and rebranding effort helps illustrate the value we are creating." The website redesign spotlights the unique and proprietary technology which has been incubated and synthesized through four leading universities and is being commercialized for the first time to create a domestic circular supply chain for end-of-life rare earth permanent magnets and lithium-ion batteries. reELEMENT is leading the way in redefining how critical and rare earth elements are sources and processed while also addressing our sustainability needs.

Looking Glass Labs Ltd said it has received approval from The Depository Trust Company (DTC) to make the company’s common shares eligible to be electronically cleared and settled through DTC. DTC eligibility makes LGL’s shares more accessible to investors in the United States. The company’s shares are currently listed on the OTC Pink level market in the United States, in addition to primarily being listed on the NEO Exchange in Canada. “We are happy for the company to receive DTC Eligibility, to go along with the listing of its shares on the OTC Pink-level market at this time,” said Dorian Banks, CEO of Looking Glass Labs. “This is a step in the right direction for LGL and we are happy to see things progressing on the US capital markets front, as part of a longer-term plan to make our shares more accessible to American investors.”

Delta 9 Cannabis Inc has announced that Joanne Duhoux-Defehr has resigned from the board of directors of the company effective today. "Ms Duhoux-Defehr has been instrumental in her support of Delta 9 at the board level since 2017 as we have scaled the company into one of Canada's largest vertically integrated cannabis operators," said John Arbuthnot, Delta 9 CEO. "On behalf of the company, I wish to thank Ms Duhoux-Defehr for her years of service on the board of directors."

Globex Mining Enterprises Inc has announced that the Toronto Stock Exchange (TSX) has approved the company's normal course issuer bid (NCIB). Under the NCIB, Globex will be entitled to repurchase for cancellation up to 1,000,000 common shares, representing approximately 1.8% of its issued and outstanding shares as of July 21, 2022, over a twelve-month period starting on August 2, 2022, and ending on August 1, 2023. The purchases by Globex will be effected through the facilities of the TSX and on other alternative trading systems in Canada, and will be made at the market price of the shares at the time of the purchase. Globex had 55,635,336 common shares issued and outstanding as of July 21, 2022, of which 49,224,245 shares constituted the "public float". Globex said it intends to acquire the common shares because it believes that the repurchase of common shares at certain market prices is beneficial to Globex and its shareholders. Globex intends to make any purchases on an opportunistic basis, taking share price and other considerations into account.

Xigem Technologies Corporation said it has cancelled 1,225,000 incentive stock options under its Stock Option Plan. The options had been granted between January and April 2022 to several of the company's directors, officers, consultants and advisory board members.

Harbor Custom Development Inc has said it will host a conference call and webcast on Monday, August 15, 2022, at 9.30am PT (12.30pm ET) to elaborate on the second quarter 2022 financial results and the company's outlook. The public may access the conference call and webcast at https://investors.harborcustomhomes.com/events. Harbor will be answering previously submitted questions during the webcast. For those who would like to submit written questions in advance, they may do so by emailing: IR@harborcustomdev.com. The conference call will be available by telephone at 1-877-407-0789 (for international callers, dial 1-201-689-8562), and refer to "Harbor", "Harbor Custom Development", or conference ID: 13731834. A replay of the conference call will be available for two weeks at 1-844-512-2921 (for international callers, dial 1-412-317-6671) using the replay PIN: 13731834. Harbor will issue its second quarter 2022 earnings release and supplemental presentation prior to the call on the morning of Monday, August 15, 2022, in the Investor Relations section of the Harbor website at https://harborcustomhomes.com.

Phunware Inc has said it will hold a conference call on Thursday, August 11, 2022, at 4.30pm ET (1.30pm PST) to discuss its financial results for the second quarter ended June 30, 2022. Financial results will be issued in a press release prior to the call. Phunware management will host the conference call, followed by a question and answer period. Call details: US dial-in: 888-506-0062; International dial-in: 973-528-0011; access code: 575582. The conference call will be broadcast live and available for replay here and via the investor relations section of the company’s website at investors.phunware.com. A telephonic replay of the conference call will be available after 8.00pm ET on the same day through Thursday, August 25, 2022: Toll-free replay number: 877-481-4010; International replay number: 919-882-2331; Replay ID: 46161

Nextech AR Solutions Corp has announced that its CEO, Evan Gappelberg, will present live at VirtualInvestorConferences.com on Thursday, August 4, 2022, at 10.30am EST via the following link: https://bit.ly/3u8UbFn. 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. Gappelberg's real-time, interactive presentation will discuss ARway; Nextech's spatial computing platform, and the company's fast-growing 3D model business.

OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, has announced that Andean Precious Metals Corp, a Canadian silver producer operating in Bolivia, has qualified to trade on the OTCQX Best Market having upgraded from the OTCQB Venture Market under the symbol 'ANPMF'. 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 from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. Simon Griffiths, Andean Precious Metals's CEO said: "Trading on the OTCQX is the highest market tier of the OTC Markets and demonstrates our commitment to serving our U.S investors. This important milestone will not only enable us to increase our liquidity and capital markets profile, but also reaffirms our commitment to maintaining the highest standards of governance and financial standards."

Read more on Proactive Investors CA

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.