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NA Proactive news snapshot: Gevo, Mandalay Resources, Irwin Naturals, Avalon GloboCare, Nevada Copper, BioPorto UPDATE ...

Stock Markets Aug 08, 2022 17:15
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© Reuters. NA Proactive news snapshot: Gevo, Mandalay Resources, Irwin Naturals, Avalon GloboCare, Nevada Copper, BioPorto UPDATE ...
 
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Gevo Inc reported that it ended the second quarter flush with cash and equivalents of $546.8M as it spotlighted a slew of recent high-profile sales agreements. For the period ended June 30, 2022, the Englewood, Colorado-based company sold nine thousand gallons of sustainable aviation fuel (SAF), isooctane, and isooctene from its Luverne Facility. The company said revenue decreased to $0.1 million, compared to $0.3 million in 2Q 2021, due mainly to its Luverne facility being operated for Gevo’s development projects on an as needed basis. Gevo now has over 350 million gallons per year (MGPY) of financeable SAF and hydrocarbon fuel supply agreements, which based on current market projections represents $2.1 billion in expected revenue per year.

Mandalay Resources Corporation announced that its first quarter 2022 financial results will be released after market close on August 10, 2022, followed by a conference call with its CEO, Dominic Duffy, for investors and analysts on August 11, 2022, at 8:00 AM (Toronto time). Analysts and interested investors are invited to participate using the following dial-in numbers: 877 407 8289; 13731674. A replay of the conference call will be available until 11:59 PM (Toronto time), August 25, 2022, and can be accessed using the following dial-in number: 877 660 6853; 13731674.

Irwin Naturals Inc revealed that it has completed the acquisition of two ketamine clinics in Georgia through an asset purchase of Invictus Clinics LLC, which will be brought into its fast-growing national chain of psychedelic mental-health facilities. For the acquisition, Irwin Naturals will make the sellers cash payments, as well issue at least 333,333 subordinate voting shares no later than January 10, 2023. The Los Angeles-based company said the transaction includes an additional contingent sum based on future milestones linked to operational and profitability targets to be satisfied in shares. The clinics are in Atlanta and Woodstock, in Georgia, operated under the Invictus Clinic name. They offer ketamine-assisted therapy, hydration through IV infusion as well as NAD+, said the firm. They join Irwin Naturals Emergence, a national chain of mental-health facilities

Avalon GloboCare Corp said that an article featuring its QTY protein code technology was published in Chemical Reviews, the official journal of the American Chemical Society. The publication, titled “Protein Design: From the Aspect of Water Solubility and Stability,” discusses the innovative QTY protein design code, which Avalon co-designed, as a novel platform to generate water-soluble proteins for a wide spectrum of biomedical applications. The “QTY Code” breakthrough technology can turn water-insoluble transmembrane receptor proteins into water-soluble proteins, enabling their potential use in many clinical applications, including drug development.

Nevada Copper Corp has reaffirmed that Amvest Capital is hosting a Live Webinar with the company on Wednesday, August 10, 2022, from 4.30pm-5.30pm EDT. Registration is via the following link: https://event.on24.com/wcc/r/3888509/76DA7589FE180808CA208B5A196CD36E

BioPorto A/S has announced that in connection with the release of its Interim Report for the second quarter of 2022, the company’s management team will host an online investor presentation on August 17, 2022, at 2.00pm Central European Time/8.00amEastern Time via HC Andersen Capital. Investors interested in attending the webcast may register at: https://hcandersencapital643.clickmeeting.com/bioporto-presentation-of-interim-report-2022/register. A separate analyst call will be held on August 17, 2022, at 4.00pm Central European Time / 10.00am Eastern Time, with dial-in details as follows: Denmark +45 8025 1917 International +1 201-689-8562 US +1 877 407 0789; conference ID: 13732188; webcast: https://viavid.webcasts.com/starthere.jsp?ei=1563534&tp_key=e28614cf52

Nevada Copper Corp has provided an update on its operations and financing initiatives and activities at its Pumpkin Hollow copper mine located in Yerington, Nevada, for which it is seeking substantial mine financing. During July 2022, Nevada Copper said its management has advanced underground mine restart plans, which focus on the acceleration of key capital items followed by the development of a significant stope ore inventory in advance of a mill restart and completion of production ramp-up. The development of restart plans has allowed the company to advance financing discussions with its key stakeholders and the commencement of restart activities is contingent on the company obtaining long-term financing.

TRACON Pharmaceuticals Inc said it has submitted an application to initiate a trial combining a new drug to be taken in combination with two other medications by patients with various types of tumours. Tracon said it has filed an investigational new drug (IND) application to the US Food and Drug Administration (FDA) for the initiation of a phase one and two clinical study of CTLA-4 antibody YH001 in combination with envafolimab and doxorubicin for front-line patients with sarcomas, including those who have not previously received therapy. The phase one and two trial will assess the safety and efficacy of YH001 and envafolimab with or without doxorubicin in patients with the rare sarcoma subtypes of alveolar soft part sarcoma and chondrosarcoma and in the common sarcoma subtypes of leiomyosarcoma and dedifferentiated liposarcoma.

Aurion Resources Ltd said it has agreed with Tertiary Minerals PLC to acquire and cancel royalties on the Kaaresselka (Risti, 100% Aurion) and Kiekeromaa (B2Gold (TSX:BTO) JV) gold prospects in Finland for a total consideration of C$200,000 and 83,333 Aurion common shares to be paid on closing. "The acquisition and cancellation of the royalties on the Kaaresselka (Risti, 100% Aurion) and Kiekeromaa (B2Gold JV) gold occurrences is well aligned with Aurion's approach of maximizing the value of our properties," commented Aurion's CEO, Matti Talikka in a statement. The royalties being acquired and canceled on Kaaresselka and Kiekeromaa consist of a pre-production royalty on definition of a NI 43-101 (or equivalent) code compliant Minerals Resource Estimate on either project, with US$1.00, US$2.00, US$3.00 payable per ounce gold in the Inferred, Indicated or Measured Mineral Resource categories respectively, plus a Net Smelter Returns Royalty (NSR) of 2% on all future gold production from either property.

Australis Capital Inc, doing business as Audacious, announced that its wholly-owned AUDACIOUS NJ, LLC subsidiary has now received approval from the municipality of Millville, New Jersey for its planned cannabis facility. The cannabis multi-state operator (MSO) said the final milestone has been met, which clears the way for a submission to the state for conversion of its provisional license to a final license. “Once our full license is granted, we will have added yet more value to the company in a state that has incredible potential,” Audacious CEO Terry Booth said in a statement.

New Pacific Metals Corp, together with its local Bolivian partner, has reported assay results for another seven drill holes of the 2022 drill program at the Carangas Silver-Gold Project, Oruro Department, Bolivia. The company said the assay results continue to expand silver and gold mineralization for the Carangas project, where near-surface silver horizons are stacked over a broad bulk gold mineralization. To date in 2022, New Pacific said, 21,980 meters (m) in 43 drill holes have been completed at Carangas. Assay results for the twelve drill holes from the 2022 drilling program have now been received and released with the first five holes released on July 13, 2022.

RespireRx Pharmaceuticals Inc announced that its dronabinol obstructive sleep apnea (OSA) program has been featured in a free e-book published in the June 13, 2022, edition of Sleep Review magazine. The e-book, entitled 'How Close Are We to Drug Therapy for Obstructive Sleep Apnea?' discusses dronabinol as one of four emerging drug treatments for the treatment of OSA. “For decades, scientists have been searching for a drug therapy for obstructive sleep apnea,” Sleep Review editor Sree Roy said in a statement. “An oral pharmacologic treatment that keeps airways open during sleep would be a game-changer.”

American Eagle Gold Corp said it has received its drill permit for its NAK Copper-Gold Project in north-central British Columbia, Canada and added that a planned 4,000 metre (m) diamond drilling program is expected to commence in the coming days. The company noted that NAK is a classic porphyry target that exhibits all the signs of a large copper-gold system. Previous owners defined a large shallow copper-gold footprint that is open at depth. Reinterpretation of historical ZTEM and geophysics defined several deeper exploration targets, which will be tested with 5-6 drill holes. American Eagle said its exploration program will test the most compelling geophysical anomalies at depth and its drill plan is designed to vertically intersect the core of these new geophysical targets, which are situated directly below the shallow low-grade resource. Previous drilling has intersected wide zones of copper-gold (Cu-Au) mineralization, including DH95-15, which returned a grade of 0.35% Cu and 0.645 grams per ton (g/t) Au over a width of 168.5m starting 5.5m from the surface.

Todos Medical Ltd said its clinical testing laboratory Provista Diagnostics has entered into two contracts to provide PCR-based monkeypox testing. The company said under the first agreement, Provista will provide monkeypox-related testing to a New Jersey-based medical group that specializes in the routine screening of patients presenting with dermatologic complaints. Under the second agreement, the company is expanding a reference laboratory agreement with a New Jersey-based lab that is already sending COVID testing samples to add monkeypox testing.

HighGold Mining Inc has announced the expansion of the company's Timmins regional land holdings and provided an exploration update on the Timmins properties. HighGold said recent claim staking and acquisition has expanded the company's commanding land position by 25% to 335 square kilometers. "This acquisition builds on HighGold's vision of creating one of the most dominant land positions in the Timmins gold camp," said HighGold CEO Darwin Green in a statement. "Our focus is underexplored portions of this world-class gold environment underpinned by high-potential geology. The Timmins assets provide shareholders with exposure to low-cost greenfield exploration in the shadow of headframes that is complimentary to the company's flagship Johnson Tract high-grade gold project, Alaska," he added.

Predictmedix Inc has announced that its Safe Entry Station will be used as a comprehensive Fit for Duty screening solution for workplaces and industries around the world, detecting impairment from alcohol and cannabis, extreme fatigue, and infectious diseases like COVID-19. Additionally, SBL Testing Technologies, the company's partner and reseller, will be debuting Fit for Duty screening solutions at Electra Mining Africa on September 5 to 9, 2022, and the US National Safety Council (NSC) Congress & Expo on September 19 to 21, 2022. Dr Rahul Kushwah, interim CEO at Predictmedix, said the company is excited to showcase its Fit for Duty screening solutions at the upcoming events. "Debuting Safe Entry's Fit for Duty at NSC will be a crucial moment for us, as every safety and risk professional at NSC understands fit for duty risk and will immediately recognize the application of our solutions. The attendees will be decision-makers and we and our partners believe it will open a lot of doors for us," Kushwah said in a statement.

Cordoba Minerals Corp has reported impressive diamond drilling results from the Feasibility Study at its fully owned San Matias Copper-Gold-Silver project in Colombia. The Vancouver-based mineral exploration company, which is focused on copper and gold, noted that the initial drill results show “strong correlation” with the pre-feasibility study resource block model. Cordoba kicked off an initial 25,000-metre (m) in-fill drill program in May 2022, which is part of the 40,000m in-fill drilling campaign planned to update the mineral resource and mine plan at the Alacran deposit. The program focuses on the northern and central areas within the Alacran Deposit which host high-grade mineralized zones.

GR Silver Mining Ltd has announced a new silver (Ag) discovery in the first drill hole stepping out 250 metres (m) to the southeast of the San Marcial Resource Area on the wholly-owned Plomosas Project in Sinaloa, Mexico. In a statement, GR Silver Mining chairman and CEO, Eric Zaunscherb commented: "The discovery of wide, high-grade silver mineralization in this new area is not only evidence of the Plomosas Project's exploration potential, but also testament to the efficacy of the exploration model developed by our geologists. They have clearly 'dialed in', hitting impressive mineralization on a blind target guided by modern exploration tools and concepts. We look forward to continued exploration success and news flow from ongoing drilling, leading to an updated project Mineral Resource Estimate in Q1 2023. In addition to wide intersections building tonnage, we are confident that the higher grades encountered in recent drilling may also be meaningfully impactful in the upcoming resource update."

Japan Gold Corp said it has completed “thorough” field and data review of the 29 projects under its alliance with Barrick Gold (NYSE:GOLD) Corp. Japan Gold said the reviews identified a number of highly-prospective areas that could warrant further exploration by either company. It noted that Barrick is poised to make a decision as to whether the projects meet the mining giant’s criteria for advancement under the Alliance by August 31, 2022.

Aben Resources Ltd said it has finished up its first phase of fieldwork at its Slocan graphite project in British Columbia. The Vancouver-based company said it has completed field reconnaissance, geological mapping, rock and soil sampling as part of its initial exploration to evaluate prospective drill sites for a potential drill program. Aben geologists took 52 surface rock samples spanning over several kilometres, it noted.

PlantX Life Inc said it has celebrated the opening of its 6,000 square-foot vegan superstore XMarket Uptown in Chicago, the company’s second XMarket store in the United States and seventh store globally. The company said the opening event included festivities such as booths and sampling stations from vegan brands Dreampops, Kitchen 17, Good2Go Veggie, and Up-N-Down Burger. To continue to leverage the success of live events, XMarket Uptown has weekly events scheduled through the end of 2022, it added.

Solstice Gold Corp has said it intends to complete a financing by way of a non-brokered private placement for aggregate proceeds of $1.1 million, with participation in the offering being led by members of the company's management team, board of directors and a new institutional investor. The company said the placement proceeds will be used to fund exploration programs and for corporate and working capital. In a statement, Mike Timmins, Solstice Gold CEO said: "Current drilling at the Red Lake Extension (RLX) project is tracking to plan and given the size of the property position, number of developed target areas and early observations from core logging, we will expand the program and continue to focus our activities on this under-explored extension of the camp. We are fortunate to have a tremendous level of support from our board of directors and it's exciting to be able to attract new investment to fuel our goal of making a new discovery in Red Lake."

VolitionRx Limited said it has appointed Diagnostic Oncology CRO, LLC (DXOCRO) to undertake development and clinical validation studies for its Nu.Q product portfolio in the US. The diagnostics and monitoring company said DXOCRO will conduct large-scale finding studies across multiple sites in the US using Volition's Nu.Q NETs and Nu.Q Cancer tests to determine clinical utility in sepsis and cancer. VolitionRx said it anticipates that subsequent studies will investigate the chosen intended use claims of the tests, with the objective to gain clearance, authorization, or approval from the United States Food and Drug Administration (FDA) and allow the tests to be marketed in the US.

Mountain Boy Minerals Ltd has reported that the on-going exploration program at its Telegraph copper-gold project has demonstrated highly encouraging initial results. The work in the early part of the season was directed at two areas that had seen minimal exploration in the past - the Border Zone and the Strata Gossan. The company said the project continues to indicate the presence of extensive mineralization, and observations and interpretations support a metallogenic model of one or more mineralized porphyry systems.

The Greenrose Holding Company Inc has announced two new appointments to its executive team and board of directors, effective August 2022. It said Bernard Wang has been appointed as the company's new chief financial officer, effective August 8, 2022, and Benjamin Rose has been appointed to the company's board of directors, effective August 1, 2022. "We are proud to welcome two finance and cannabis industry veterans to our leadership team as we further establish Greenrose as a growing multi-state operator," said Mickey Harley, CEO of Greenrose in a statement. "We believe Bernard and Ben's appointments help strengthen our leadership team and add valuable cannabis expertise, as we continue ramping our operations in Arizona and Connecticut and pursue additional expansion opportunities. We look forward to leveraging their expertise to deepen our current market footprint and improve our foundation for long-term growth," he added.

Jushi Holdings Inc said it has entered into a confidential settlement agreement with Curaleaf Holdings Inc and with Jushi's former chief financial officer, Edward Kremer, to resolve claims Jushi asserted in a lawsuit filed on July 15, 2022, including a claim asserted against Kremer for breach of his employment agreement and a claim asserted against Curaleaf for tortious interference. Under the terms of the settlement agreement: 1) Kremer has reaffirmed and agreed to abide by his other continuing obligations to Jushi under the terms of his employment agreement in exchange for a limited waiver of his non-compete to allow him to accept employment with Curaleaf, and 2) Curaleaf has made certain commitments to strengthen the commercial relationship between Jushi and Curaleaf. "We are pleased to resolve this matter promptly and reach an amicable agreement which strengthens our commercial relationship with Curaleaf," said Jim Cacioppo, chief executive officer, chairman and founder of Jushi Holdings in a statement. "This agreement strengthens some of our core markets and gives us access to an even greater group of consumers across our footprint."

Mason Graphite Inc has congratulated Black Swan Graphene Inc on the closing of its Qualifying Transaction as announced by Black Swan in its news release dated August 2, 2022. At the market open on Tuesday, August 9, 2022, Black Swan's common shares will commence trading on the TSX Venture Exchange (TSX-V) under the ticker symbol SWAN. Mason Graphite owns approximately 41.49% of the issued and outstanding shares of Black Swan.

Eric Sprott has announced that, on August 5, 2022, 6,976,944 common share purchase warrants of Steppe Gold Ltd - held by 2176423 Ontario Ltd., a corporation he beneficially owns - expired unexercised representing a decrease in holdings of approximately 9.9% of the outstanding common shares on a partially diluted basis since the date of the last early warning report. Prior to the expiry of these warrants, Sprott beneficially owned and controlled 6,976,944 shares and 6,976,944 warrants representing approximately 10.0% of the outstanding Shares on a non-diluted basis and approximately 18.2% on a partially diluted basis assuming the exercise of such warrants. As a result of the warrant expiry, Sprott now beneficially owns and controls 6,976,944 shares representing approximately 10.0% of the outstanding shares on a non-diluted basis. The warrants expiry resulted in a partially diluted ownership change of greater than 2% and, therefore, the filing of an update to the early warning report. The securities are held for investment purposes. Sprott said he has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

CareRx Corporation has announced that it will host a conference call, including a slide presentation, to discuss its second quarter 2022 financial results on Monday, August 15, 2022, at 8.30am Eastern Time (ET). The company expects to report its second quarter 2022 financial results via news release at approximately 7.00am ET on Monday, August 15, 2022. To access the conference call by telephone, dial 416-764-8659 or 1-888-664-6392. A live webcast of the conference call, including the slide presentation, will be available on the Events and Presentations page of the Investors section of the company's website: https://carerx.ca/presentations/. The webcast with slide presentation will be archived for 90 days on the same Events and Presentations page of the Investors section of the company's website.

American Resources Corporation has announced that it will report its second quarter 2022 financial results on Monday, August 15, 2022. The American Resources management team will host a conference call and live audio webcast to provide a business outlook at 4,30pm ET that same day. Interested participants and investors may access the conference call by dialing (877) 407-4019 and by referencing American Resources Corporation's Second Quarter 2022 Conference Call, or by the webcast link here: https://event.choruscall.com/mediaframe/webcast.html?webcastid=STywKZ9P

OTC Markets Group Inc, the operator of regulated markets for trading 12,000 US and international securities, has announced that Invinity Energy Systems PLC, a leading global manufacturer of utility-grade vanadium flow batteries, has qualified to trade on the OTCQX and has today upgraded from the Pink market under the symbol IESVF. Upgrading to the OTCQX Market is an important strategic step for Invinity to provide transparent trading and enhanced access for their US investors. To qualify for OTCQX, Invinity had to meet high financial standards and demonstrate that it follows best practice corporate governance and compliance with applicable securities laws. "The US investor community has shown significant interest in Invinity since the Company's inception in April 2020," commented Larry Zulch, the CEO of Invinity. "With Invinity now quoted on OTCQX, we have streamlined access to our shares for an important and growing segment of our investor base, making it even easier for US-based funds and individuals to hold shares in what we believe is the world's leading vanadium flow battery company."

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NA Proactive news snapshot: Gevo, Mandalay Resources, Irwin Naturals, Avalon GloboCare, Nevada Copper, BioPorto UPDATE ...
 

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