Deep-South Resources Inc has announced that its board of directors will start the search to find and appoint a new chairman or chairwoman to replace the late John Akwenye who passed away in May 2022. In the interim, the company said it has nominated Jean-Luc Roy to the position of acting chairman of the board. Roy has been a director of the board since May 2018 and has extensive exploration and mining company experience, according to Deep-South.
American Manganese Inc said chief technology officer Zarko Meseldzija took part in the UBS Energy Transition Call Series on July 21 this year. The recording can be viewed HERE
Eskay Mining Corp has announced the discovery of multiple new volcanogenic massive sulfide (VMS) targets across the Scarlet Ridge region, part of its 100% controlled Consolidated Eskay project in British Columbia. The mineral exploration company said to date it has completed 12,093 metres (m) of diamond core drilling around the area called Jeff North, about 40% of the 30,000m planned for 2022.
BANXA Holdings Inc announced that it has physically entered the US with the opening of its office in Nevada and the submission of its first Money Transmitter License (MTL) applications to solidify its position in the world’s largest and most lucrative crypto market. The company said its US operating headquarters in Reno, Nevada, would be led by BANXA’s newly appointed USA CEO Richard Mico whose team’s top priority was obtaining MTLs which would allow the company to operate compliantly as a regulated Money Services Business (MSB). To date, BANXA has lodged eight MTLs and the company anticipates lodging the remaining 34 applications in August this year.
Platinex Inc has issued an update on its W2 Copper-Nickel PGE (platinum group elements) project in Ontario, noting that it recently completed go-forward exploration plans. As part of the planning process, historical exploration and drilling data were analyzed, including 10,000 meters of drilling by Aurora Platinum and Inco Limited, along with airborne geophysical surveys by Aurora Platinum and Temex Resources. Platinex said it confirmed numerous drill targets, including step-outs within known areas of mineralization and new exploration targets in areas with no previous drilling.
Ortho Regenerative Technologies Inc announced that it has begun the enrollment of patients after the first patient surgery was completed in its US phase I/II clinical trial of rotator cuff tear repair. The first patient surgery was successfully completed at the Tucson Orthopaedic Institute in Tucson, Arizona, it said. The clinical trial will enroll 78 patients at 10 clinical sites throughout the US. The ORTHO-R phase I/II clinical study is a prospective, randomized, controlled, and blinded clinical trial, to evaluate the safety and efficacy of its ORTHO-R soft tissue repair platform as an adjunct to standard of care surgery versus standard of care surgery alone for rotator cuff tear repair. "The enrollment of our first patient in the US Phase I/II rotator cuff tear repair clinical trial is our most significant clinical milestone to date,” Philippe Deschamps, CEO of Ortho Regenerative said in a statement.
NorthWest Copper Corp told investors that it has boosted its overall copper-gold resource with an updated estimate for its Lorraine project, which sits in the middle of the explorer's British Columbia project portfolio. The report, dated June 30 this year, is based on drilling between 1949 and 2009 and pegged higher confidence indicated resources at 12.9 million tonnes for 156,093 pounds of copper at 0.55% copper and 0.66% copper-equivalent. The inferred resource was 45.2 million tonnes for 427,931 pounds at 0.43% copper and 0.50% copper-equivalent. "This updated mineral resource estimate adds to our overall copper-gold resource base with both size and good grades close to surface," NorthWest Copper CEO Peter Bell said in a statement. "Our portfolio continues to deliver results and the proximity of Lorraine to our flagship Kwanika-Stardust projects is significant.
CULT Food Science Corp has announced that its chief executive officer (CEO), Lejjy Gafour, has been appointed to the board of directors of New Harvest Canada Inc. New Harvest is a non-profit research institute that supports open, public cultured meat research. Founded in 2004, it is the world’s longest-running organization dedicated to advancing the field of cellular agriculture. The appointment follows the launch of 'OpenCellAg' as a cellular agriculture network of excellence in collaboration with New Harvest and other partners to advance foundational knowledge for the cellular agriculture industry. "I am honoured to be able to work with New Harvest in a closer capacity as the cell-based foods industry grows to play a pivotal role for the future of food production on the planet. We must advance knowledge to better support the industry on all fronts as we begin to suffer the real effects of climate change and the persistent issues of food security that we all face,” Lejjy Gafour said in a statement.
MedX Health Corp, a teledermatology company, has announced the launch of its DermSecure skin screening services in Newfoundland and Labrador with the health authority Central Health. MedX said the paid pilot program, which will span 60 days, will see the company implement its training program for nurses and supervisors to easily integrate the DermSecure Screening Platform into the Central Health patient service offerings. Additionally, the company will provide training for dermatologists who will be reading the scans and establishing the protocols in conjunction with mobile services already provided by Newfoundland's health care system to improve access to dermatological services in remote communities across the province. Upon the successful completion of the pilot, the MedX DermSecure Screening Platform will be made available to Central Health's patients across Newfoundland and Labrador.
Delta 9 Cannabis Inc has provided guidance on its revenue forecast for the three-month and six-month period ending June 30, 2022, expecting solid growth based on preliminary results. The company said it anticipates revenue for the three-month period ending June 30, 2022, to be between $17.4 million and $18.0 million compared with $12.5 million for the first quarter of 2022 and $16.7 million for the second quarter of 2021. Delta 9 anticipates revenue for the six-month period ending June 30, 2022, to be between $29.9 million and $30.5 million. "Sequentially and year over year, Delta 9 anticipates another record quarter with all three business units contributing to the success of the quarter," said John Arbuthnot, Co-founder, and CEO of Delta 9 in a statement. "We remain optimistic that the second half of 2022 will continue to outperform the first half of the year for Delta 9."
Separately, Delta 9 Cannabis also announced the completion of the cash repayment of its unsecured 8.5% convertible debentures issued on July 17, 2019, which had a maturity date of July 17, 2022. The $11.8 million cash repayment represents a full payout of the convertible debentures which were previously traded on the Toronto Stock Exchange under the trading symbol DN.DB. The company said it met the pre-disbursement conditions required to draw down $11.8 million under its credit facility with ConnectFirst Credit Union and concurrently made the cash repayment of the convertible debentures. The company's $11.8 million draw-down from its credit facility is subject to a 60-month repayment term at a fixed rate of 4.55% per annum, amortized over 144 months.
American Resources Corporation has announced that, at the request of an independent board member and shareholder, it has created a special committee to evaluate strategic opportunities that can unlock the value of the company for its shareholders. The extractor and processor of metallurgical carbon said the value-creating strategies may include the spin offs of certain divisions, stock repurchase programs, and going private or sale of certain divisions. “The demand for our products remains exceptionally strong and both American Carbon and reELEMENT Technologies find themselves at important inflection points,” American Resources Corp CEO Mark Jensen said in a statement.
GlobalBlock Digital Asset Trading Limited has announced that its service-led digital asset broker subsidiary, GlobalBlock Europe, UAB (GBE), has successfully launched its new mobile trading app. In a statement, Rufus Round, CEO of GlobalBlock, said: "At a time when many other crypto firms are under pressure from the recent developments within the industry and reining in investment in their technology, here at GlobalBlock we are preparing for the continued adoption of digital assets with the launch of our new app." He added: "Our technology upgrade is a foundational development for us as we continue to expand our digital asset product and service offering. We now have the ability to scale quickly, a development that has been delayed slightly whilst awaiting regulatory clarity. Now that we have this clarity, having established the business in Europe, we can commence our marketing efforts in earnest."
Benchmark Metals Inc said it has delineated several new drill targets adjacent to the AGB gold-silver deposit in British Columbia. According to Benchmark, the new targets include a large kilometre-scale, fault-bounded geophysical target adjacent to the existing deposit. AGB contains a 619,000-ounce, 1.65 grams per tonne gold-equivalent measured and indicated resource.
VR Resources Ltd told investors it has staked the Northway project, which sits around 15 kilometres (km) northeast of its Hecla-Kilmer (H-K) property in Ontario following last year's discovery of a rare earths system at the latter. Updating on the company's exploration strategy, VR's CEO Dr Michael Gunning, said the discovery of the new niobium-rare earth metals system at H-K was made last November. One hole hit 238 metres (m) at 0.2% Nb205 with 0.5% total rare earth oxides (TREO), including sample intervals of 1.7 % TREO with 18% PMREO over 3m. PMREO is the sum of the high-value rare earth oxides Pr2O3, Nd203, Tb2O3 and Dy2O3, which are used in permanent magnets for wind turbines and electric vehicles.
Fabled Copper Corp has announced more results from last year's surface field work on its Muskwa copper project in British Columbia, this time from the 428 South copper occurrence at the Bronson property. In all, 14 rock samples were collected on August 25 last year at the 428 occurrence and the slopes hosting the veining and an east trending valley to the south were prospected. An exposure of quartz-carbonate veining was discovered in a ravine trending southward into the valley, 1.65 kilometres (km) along strike south from the southernmost exposure of the 428 Central Occurrence.
Braxia Scientific Corp has announced the appointments of Jason Wolkove as the company’s new chief information officer (CIO) as well as Daniel Herrera as its new vice president of research & development (R&D) and growth. The medical research company said both roles will be integral to executing the expansion of Braxia's clinical footprint, the rollout and expansion of novel ketamine and psilocybin therapy offerings, new special access programs, current and upcoming clinical trials, and the potential commercialization of future product development. “We look forward to (Wolkove’s) guidance as we implement our technology vision and focus on scaling up our clinical ketamine and psilocybin therapy programs, as well as clinical trials, to meet increasing demand for affordable access to innovative treatments for depression,” Braxia Scientific CEO Dr Roger McIntyre said in a statement.
GreenBank Capital Inc said its portfolio company Beelivery Inc is celebrating the cinematic release of Illumination Entertainment's Minions: The Rise of Gru movie by engaging in Beelivery's very first film partnership and co-branding campaign. GreenBank has a 5.83% ownership in Beelivery, a United Kingdom-based on-demand rapid grocery delivery service. The Minions are the popular fictional characters from the hit 'Despicable Me' film franchise who also serve as the official mascots for Illumination Entertainment.
PlantX Life Inc is “a market leader with a disruptive business in an emerging industry with long-term tailwinds,” according to a recent report by New York-based hedge fund Capital Y Management. In a press release, PlantX highlighted the report in which Capital Y Management analysts set a 12-month price target of C$0.67 per share for the company, representing an enterprise value for PlantX of approximately C$68 million. The company’s stock is currently trading at about C$0.03. Capital Y analysts noted that PlantX’s recently announced engagements with Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT) would likely contribute an additional 12% of revenue to the company and decrease the need for market spend, expanding operating profit on both a dollar and margin basis.
Great Atlantic Resources Corp said it has closed the final tranche of its previously announced non-brokered private placement for gross proceeds of $439,000, bringing the total gross proceeds from the placement to $816,500. The company said the proceeds of the private placement would be used for general working capital and exploration work on its properties in Atlantic Canada. The private placement consisted of 8,165,000 units at a price of $0.10 per unit. Each unit comprises of one share and a full share purchase warrant which may be exercised for a period of five years at a price of $0.12 per share.
Mountain Boy Minerals Ltd has said it plans to raise gross proceeds of $1 million through a non-brokered private placement consisting of units priced at 12 cents per unit. The financing is fully subscribed. The proceeds raised from the financing will be used for working capital and prioritized to the Telegraph project. Each unit will comprise one common share and one common share purchase warrant. Each warrant shall be exercisable to acquire one common share at a price of 12 cents per warrant share for a period of 24 months from the closing of the offering. All securities will be subject to a four-month hold period from the date of closing. The financing is subject to the approval of the TSX Venture Exchange and applicable laws.
Hawkmoon Resources Corp said it has closed a second tranche of the previously announced private placement under which the company issued an aggregate of 700,000 units at a price of five cents per unit for aggregate gross proceeds of $35,000. Each unit consists of one common share of the company and one share purchase warrant exercisable into one share at a price of $0.07 each at any time prior to 5.00pm on the date that is 24 months from the closing date. All securities issued in connection with the second tranche will be subject to a four-month and one-day hold period under applicable securities laws. The company said it expects to use the net proceeds from the Second Tranche towards drilling programs and for general working capital.
Co-Diagnostics Inc has announced that it will be attending and speaking at the Yale School of Public Health SalivaDirect Conference to be held July 28-29 in Chicago, Illinois. The mission of Yale'sSalivaDirect is to advance the use of saliva-based testing as a readily-deployable, sensitive, patient-friendly option that increases access to affordable and equitable infectious disease testing. Dwight Egan, Co-Diagnostics CEO, and Dr Carl Wittwer, chairman of the company's Scientific Advisory Board, will be presenting a talk at the conference titled 'The Opportunity for A New Global Response To Infectious Disease' at 3.00pm CT on July 29, 2022.
Essex Minerals Inc announced that Elena Tanzola, the company's chief financial officer and corporate secretary has been appointed to its board of directors effective immediately. The company also said James Harris has decided to retire from public company life and has resigned from its board effective immediately. The board thanked Harris for his valuable contribution and wishes him well in his retirement. The company also advised that it received shareholder approval for amendments to its stock option plan and its performance and restricted share unit plan at its annual general and special meeting held on May 16, 2022. Details of the amended plans are set out in the company's management information circular dated April 13, 2022, which is available on SEDAR.com.
Progressive Planet Solutions Inc has announced the acceleration of warrants issued under a January 2021 private placement. The expiry date of the warrants, which are exercisable at $0.15 per share, was accelerated to expire at 5,00pm PST on August 26, 2022, from its original date of January 20, 2023. The decision came after Progressive Planet shares have closed at a price higher than $0.25 for a period of 10 consecutive trading days on the TSX Venture Exchange. Funds received from warrant holders who chose to exercise their warrants before their accelerated expiry will be used to fund the purchase of industrial-scale equipment used to produce PozDE SCM as well as additional equipment used to make non-chemical fertilizers and soil amenders and for general working capital.
Lion Copper and Gold Corp said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on May 26, 2022, which will see the issue of a US$2 million debenture convertible into one common share at 8.5 Canadian cents (6.7 US cents) per share within 12 months of closing, at 10 Canadian cents (7.8 US cents) per share at any time after 12 months of closing, or elect, at any time before the maturity, for common shares the company owns of 1301666 B.C. Ltd. or its successor at 32 Canadian cents (25 US cents) per share and a maturity date 20 months from the closing date at an interest rate of 14% per annum (non-compounded), together with 29,850,738 warrants with a term of 20 months from the date of issuance of the convertible notes which entitle the holder to purchase one common share exercisable at a price of 8.5 Canadian cents (6.7 US cents) if exercised within 20 months of closing, with 13 placees.
Standard Uranium Ltd said the TSX Venture Exchange has accepted for filing documentation with respect to its brokered private placement announced on June 6, 2022, which will see the issue of 7,306,900 non-flow-through shares and 21,242,962 flow-through shares at purchase prices of 11 cents non-flow-through per share and 13 cents flow-through per share, together with 14,274,931 share purchase warrants with an exercise price of 17 cents for a two-year period with 28 placees.
Paltalk Inc has said it will host its second quarter 2022 earnings results conference call on Monday, August 8, 2022, at 4.30pm Eastern Time. Paltalk CEO Jason Katz and CFO Kara Jenny will discuss the company's quarterly results for the three months and six months ended June 30, 2022, and address stockholder questions. Dial-In Phone Numbers: Toll Free: 877-545-0320; International: 973-528-0002; Participant Access Code: 967075; webcast link: https://www.webcaster4.com/Webcast/Page/2856/46185. Replay: Toll Free 877-481-4010; International: 919-882-2331; replay Passcode: 46185. To submit a question, interested parties can email questions to nyc@clearthink.capital prior to the call.
TRACON Pharmaceuticals Inc has announced that it will report its second quarter 2022 financial and operating results after the close of US financial markets on Wednesday, August 10, 2022. In addition, management will host a conference call to provide an update on corporate activities and discuss the financial results also on August 10, 2022, at 4.30pm Eastern Time (1.30pm Pacific Time). In order to participate in the live conference call, interested parties must register in advance here: https://register.vevent.com/register/BIbec53e78d6f34a46bcd9be57da5fa1f8. After registering, you will receive an email with dial-in details and a unique conference call access code required to join the live call. For those not planning to ask a question of management, the Company recommends listening via the webcast: https://traconpharma.gcs-web.com/events-and-presentations/upcoming-events. A replay of the webcast will be available for 60 days on the website.