Kootenay Silver Inc has reported significant progress on a 15,000-meter (m) drilling program at its Columba high-grade silver project in Chihuahua State, Mexico. The Vancouver-based exploration company, focused on mineral projects in Mexico's Sierra Madre region, said a “considerable proportion of assay results are outstanding” so it will pause until it gets results to help it in targeting additional step-outs. Columba is a past producing high-grade silver underground mine and the area is known to host dozens of mineralized veins. Kootenay initiated its first drilling program in 2019 and has returned many high-grade silver intervals.
Anacortes Mining Corp has said drill results from the Phase 1 drill program at its Tres Cruces gold project in northern Peru indicates mineralization potential outside the existing 2.47 million ounces indicated gold resource. The company announced the results from two of the 22 planned drill holes at the project, ATC-502 and ATC-504. Hole ATC-502 was drilled to a final depth of 120 metres (m) and intersected three separate gold intervals with Anacortes noting that it fulfilled the objective of confirming the gold grade, mineralization limits, and geological characteristics on the outskirts of the known oxide pit.
SPYR Inc announced that its subsidiary GeoTraq has completed a full suite of mobile Internet of Things (IoT) asset management tools that the company believes can create significant return on investment for enterprise customers across industry verticals. GeoTraq has developed an ultra-small tracker that allows customers to deploy what the company calls the smartest, most connected technological accounting and monitoring devices within the IoT. The modules can report location data as well as sensor information using NB-IoT (narrowband) and LTE-M (4G) technology wherever there is cellular coverage.
Benchmark Metals Inc told investors that the results of a preliminary economic assessment (PEA) for its flagship Lawyers gold-silver asset will be released this month as it provided a calendar of 'key milestones' for the project. The NI43-101 technical report for the British Columbia property will follow within 45 days, Benchmark added. "In the coming year the company plans on delivering the Feasibility Study (FS) and start preparing the Environmental Assessment (EA) regulatory filings collaboratively with First Nations for the Lawyers Gold-Silver Project," John Williamson, the CEO said.
Kontrol Technologies Corp announced that it has entered into a binding letter of intent (LOI) for a C$10 million heating, ventilation, and air conditioning (HVAC) and automation project through its wholly-owned Global HVAC and Automation Inc subsidiary. The Canadian technology company said the project, which began in the third quarter of this year, relates to a new high rise building in the Greater Toronto Area and will be completed over the next 12 months. “This is a new order from an existing customer and demonstrates our ability to generate repeat business in our solutions and offerings,” Kontrol Technologies CEO Paul Ghezzi said in a statement.
Great Panther Mining Ltd has told investors it continues to focus on improving operations at the Tucano gold mine in Brazil as the company posted second-quarter financial results to end-June 2022. The metals miner reported reduced revenue and increased losses in the three-month period, compared to the year-earlier period, and said it would have to revise its cost guidance upwards for the full year, although it maintained its output forecast for 2022. At Tucano, the company said it expects to achieve a steady-state of production by the fourth quarter. "Inflationary pressures and the necessary acceleration of certain capital programs affected our financial results this quarter, however as previously guided we continue to expect improvements in the coming quarters as we return to a normalized rate of production in the second half," Alan Hair, Great Panther's interim CEO, explained in a statement. "We expect the ramp up to steady-state production to continue through the third quarter and a regular run rate to be achieved by the fourth quarter.
Information Services Corporation (ISC) has reported a 14% increase in second-quarter revenue to $50.9 million from a year ago, buoyed by a booming real estate sector in Saskatchewan and new customer acquisitions. The leading provider of registry and information management services for public data and records said it now expects full-year revenue of between $188 million and $193.0 million. "Our results for the second quarter and first half of the year are a testament to the strength of our company. Our Services segment continues to grow through new customer acquisitions as well as challenge Registry Operations for the top spot in our revenue profile for the second quarter running,” ISC president and CEO Shawn Peters said in a statement.
Great Atlantic Resources Corp said it has begun the 2022 exploration program at its wholly-owned Pilley's Island base metal-precious metal property, located in north-central Newfoundland. The focus is on exploration for base metal and precious metal bearing volcanogenic massive sulfide deposits within the property and the program consists of prospecting and rock-soil geochemical sampling, involving areas of copper, zinc and gold soil geochemical anomalies and anomalous copper in bedrock, the company said. Volcanogenic massive sulfide deposits are reported within the central region of the property, including the historic Pilley's Island Mine, which operated during the 1890s and early 1900s, and the Bull Road showing.
Therma Bright Inc has said it continues to communicate with the US Food & Drug Administration (FDA) regarding its application for Emergency Use Authorisation (EUA) for its AcuVid COVID-19 rapid antigen saliva test. The medical diagnostics and device technology company also said Health Canada's application for approval under the interim order is moving along expeditiously with consistent feedback and answers between Therma and Health Canada's technical and medical reviewers. "We thank our shareholders for their continued patience and support. The FDA EUA review process is a rigorous and thorough process, as are all regulatory reviews, and therefore patience is required," Rob Fia, CEO of Therma Bright said in a statement.
Evergold Corp said it has updated the exploration model for its 100% owned Holy Cross gold-silver property in central British Columbia in advance of plans to carry out up to 2,500 metres of drilling commencing in October 2022. "It's always exciting to be the first to drill targets of this scale," Evergold president and CEO Kevin Keough said in a statement. "With Blackwater not too far to the south, we're in fertile geological terrane, and very much looking forward to doing the work. The fact that we have these targets to drill reflects the systematic approach to exploration applied to all our projects by our exploration team, CJ Greig & Associates, including at our Rockland, Nevada property, where the same methodical approach is revealing a felsic intrusive-extrusive complex similar to that at Holy Cross, associated closely with mineralization and promising geophysical anomalies," he added.
Irwin Naturals Inc announced that it has entered into an exclusive licensing, manufacturing and distribution agreement with Entourage Health Corp for Irwin's cannabis products in Canada. The nutraceutical company said under the terms of the agreement, Entourage will manufacture the newly-formulated suite of Irwin-branded line of softgels, which utilize hempseed oil and medium-chain triglycerides (MCTs), in five different varieties: CBD, THC and three additional formulations that include both THC and another cannabinoid. “We've set out to become the first household brand to have its products available on dispensary shelves across America,” Irwin Naturals CEO Klee Irwin said in a statement.
Cabral Gold Inc has provided assay results from 11 new trenches excavated along strike and immediately west of the previously drilled Machichie Main zone within the Cuiu Cuiu gold district. All of the Machichie West trenches encountered gold mineralization in weathered bedrock, and cut multiple mineralized structures within a 500-metre (m) x 300m area indicating the presence of a large new mineralized area on the western side of the east-trending Machichie Main zone. In a statement, Alan Carter, Cabral's president and CEO said: "These recent trench results are highly significant for three reasons. Firstly, they indicate that the east-trending Machichie Main zone can be traced for at least 350m west of previous drilling, significantly increasing the strike extent, and in particular extending the high-grade zone previously identified in recent trenching. The Machichie Main zone remains open to the west.
Trees Corporation has said it recorded another system-wide sales record in July with sales totalling $1.3 million, a 7% increase over the prior month. The company said it expects to report 2Q system-wide sales of approximately $3.1 million, a 13% increase over the previous quarter, when it releases its results for the quarter ended June 30, 2022, after the closing of the markets on August 15. Trees president Jeff Holmgren noted that the company continues to be encouraged by its robust growth in sales, now setting records in both June and July, and for its soon-to-be-released 2Q results.
ACME Lithium Inc announced that it has commenced geological field work at its FLV claim group in Fish Lake Valley, Nevada to further develop knowledge of lithium occurrences. The FLV claim group encompasses 144 lode mining claims totalling roughly 2,975 acres. Historical sampling has shown occurrences of up to 600 parts per million (ppm) lithium. Fine sediments the same age as Clayton Valley occur on the property with some beds enriched in lithium, the company said. Follow-up sub-sampling and mapping at Fish Lake Valley are intended to better understand the geological model and focuses on traverses along a major drainage area where higher lithium values occurred. Further analysis will assist with drill hole targeting and access routes for potential drill sites.
Perk Labs Inc said it has received certification from Deliverect for point-of-sale (POS) integration allowing it to provide its customers with seamless food ordering solutions. The company said Deliverect was a software-as-a-service company that simplified food delivery management by seamlessly integrating online orders from food ordering channels with restaurants, saving time and eliminating mistakes. Deliverect supports hundreds of POS systems, including more than 30 different POS systems in the Canadian market, such as Square (NYSE:SQ), Clover, TouchBistro, Lightspeed (TSX:LSPD), and Micros.
Cypress Development Corp has reported impressive results from its recently completed drill program at its Clayton Valley Lithium project in the US mining-friendly state of Nevada. A sonic drill program was conducted in May 2022 to obtain sample material for lithium extraction testing at the company’s pilot lithium extraction plant in Nevada’s Amargosa Valley, and to supplement the project’s resource model for the feasibility study that is currently underway. “The drill program was highly successful in generating material for our pilot plant and providing distinct data to strengthen the project’s resource model,” Cypress CEO Bill Willoughby said in a statement.
Playgon Games Inc has announced that player activity continues to scale at the company's live dealer tables since its last update, and in July Playgon surpassed C$82 million in player betting turnover, or more than C$2.6 million per day, which is a corporate best since the company launched in May 2021. The software-as-a-service (SaaS) gaming technology company said it also achieved record monthly and daily bet spots (wagers) of 2.85 million and 92,100, respectively, at Playgon's VegasLounge tables. “We continue to see strong user engagement and traction in both organic and new business and are delighted our mobile live dealer offering is being well received – we have every reason to expect this to continue and grow monthly,” at Playgon CEO Darcy Krogh said in a statement.
Revolve Renewable Power Corp said the United States Bureau of Land Management (BLM) has approved its right of way/variance land application for the Parker Solar and Storage Project in Arizona for further processing. The Parker Project is a 250-megawatt solar and battery storage project, located on approximately 1,530 acres of land wholly managed by the BLM in La Paz County, just southeast of Parker, Arizona. The entire project site is located in a solar variance area as identified in BLM's Solar PEIS and record of decision. It has the capacity to provide electricity to an equivalent of approximately 300,000 homes. "Completion of the variance approval process is a major milestone for the development of the Parker Project and is the result of some excellent work by the Revolve development team working closely with the BLM over the last 10 months. We now look forward to continuing this work with the BLM and our external consultants as the project moves into the NEPA process," Steve Dalton, CEO of Revolve, said in a statement.
Deepspatial Inc has said it is the only artificial intelligence company selected to demonstrate its platform for law enforcement at the Bureau of Police Research and Development (BPRD) conference in India. Deepspatial CEO Dr. Rahul Kushwah said it is an honour to be selected for the August 18 conference, which will be attended by senior law enforcement officials from over 25 states across India. “We firmly believe law enforcement agencies will benefit tremendously from the use of AI and our platform. The positive impact and implications our platform have was the reason why Deepspatial was solely selected to present at BPRD's conference,” Kushwah added.
American Resources Corporation said it has boosted its ReElement Technologies division with new hires and promoted Jeff Peterson to the role of its chief operating officer after he has successfully led the firm's operations to commercialization. ReElement Technologies is focused on critical and rare earths and has developed its 'Capture-Process-Purify' process chain, which is low cost, scalable, flexible and environmentally safe. Dr Yi Ding joins the division as director of research & development (R&D) from Purdue University, Indiana, while Chris Moorman joins as chief commercial officer.
Cordoba Minerals Corp has announced the appointment of Dr Diane Nicolson to its board as an independent director with effect from August 1, 2022. The company noted that Dr Nicolson is an economic geologist who has been active in the international minerals exploration and mining industry for more than 20 years, working globally in both precious and base metals. She is currently president and CEO of Amarc Resources Ltd. "Dr Nicolson's extensive experience in the mining industry, and her background in geology, is a tremendous asset to Cordoba, and we look forward to working with her as we develop our San Matias Project in the Cordoba region of Colombia,” Sarah Armstrong-Montoya, president and CEO of Cordoba said in a statement.
Medallion Resources Ltd said it has received proceeds of US$1,000,000 (C$1,286,000) from the issuance of US$1,150,000 principal amount unsecured promissory notes. The notes, due August 2, 2023, bear interest at 5% were issued to two US investors at an original issue discount of US$150,000. The company said the proceeds will be used for working capital and general corporate purposes including continuing to advance the Ligand Assisted Displacement (LAD) Chromatography separation of rare earth elements (REEs) in partnership with Purdue University and Medallion's proprietary monazite process, as well as advancing its clean energy technology strategy.
Champion Gaming Group Inc said it has entered into secured promissory notes with arm's length creditors to the company of an aggregate principal amount of $800,000. The promissory notes are secured by a general security agreement over the assets of the company and will mature on August 3, 2024, the Toronto-based sports content, data and analytics company said in a statement. The loan amount will be used by the company for general working capital purposes.
GlobalBlock Digital Asset Trading Limited has announced the grant of incentive stock options to acquire a total of 800,000 common shares of the company at an exercise price of $0.25 per share, with such options to vest as to one-half on the three-month anniversary of the draft of grant and the remaining one-half on the six month anniversary of the date of grant. The options expire five years from the date of grant. These options were granted to directors and officers of the company.
Kontrol Technologies Corp has said it intends to implement a new Normal Course Issuer Bid (NCIB) program to buy back its common shares through the facilities of the NEO Exchange and/or alternative trading systems. The NCIB has been approved by Kontrol's board of directors and accepted by NEO and will be executed in accordance with the applicable rules and polices of NEO and any applicable Canadian securities laws. Under the NCIB, Kontrol may purchase, from time to time, over a period of 12 months starting August 8, 2022, and ending August 7, 2023, up to 2,431,898 common shares, being approximately 5% of the 48,637,969 issued and outstanding common shares of the company as at July 29, 2022.
CULT Food Science Corp has announced that its chief executive officer (CEO), Lejjy Gafour, has been invited to speak at the Annual Phosphorus Forum on November 1, 2022, in Raleigh, North Carolina. The Forum, which takes place on November 1-2, 2022, as well as the Sustainable Phosphorus Summit, which takes place on November 3-4, 2022, are both a part of Phosphorus Week 2022. Gafour’s presentation at the Forum, which may contain forward-looking information, is scheduled for November 2, 2022, at 11.00am Eastern Time and will be titled 'Not Slaughtering Sacred Cows: The Promise of Cellular Foods'. People attending the Forum typically represent a broad set of affiliations including companies, governments, research institutes and non-profits with stakes in fields such as phosphate mining, crop and animal agriculture, wastewater treatment for nutrients, nutrient management, recycling and more. "I am looking forward to speaking at the Forum and think it is a great opportunity to engage with other leaders, in a variety of industries, with a common goal of resource sustainability not just regarding food,” Gafour said. “It is important to us that we work with and support other industries that want to create a sustainable future and innovative solutions. To hear leaders present their views regarding their areas of expertise, and explain their ideas to help improve our strained global food system, our environment, and our need for sustainability will be very interesting not only for myself and CULT, but also for the large group of attendees.” More information about Phosphorus Week, the Forum and the Summit can be found at: https://phosphorusalliance.org/phosphorus-forum/.
Stuhini Exploration Ltd has announced that its president and CEO, David O'Brien will be hosting an upcoming webinar day in connection with the company's most recently announced $1,500,000 private placement financing. The Webinar will allow Stuhini shareholders and interested investors to view an interactive live investor presentation, followed by a Q&A session. Three different time slots have been chosen to make the webinar convenient to attend for investors and all other interested parties located in different time zones: Tuesday, August 9, 2022, at 8.00am Pacific Time (11.00am eastern Time); Tuesday, August 9, 2022, at 1.30pm Pacific Time (4:30 pm Eastern Time); and Tuesday, August 9, 2022, at 7.00pm Pacific Time (10.00pm Eastern time). Interested parties can use the following zoom link to attend any of the presentations: https://us02web.zoom.us/j/81949132725?pwd=SGFRREtyYTcrUzBhYk5pNjhHaW5SUT09. Zoom recently announced a major overhaul for August 6, 2022, so if this above zoom link is no longer valid, please go the homepage of the company website as this announcement will be there with an updated link should this be necessary.
Outlook Therapeutics Inc has announced that Russ Trenary, its president and chief executive officer will present at the HC Wainwright 2nd Annual Ophthalmology Conference being held virtually on Wednesday, August 17, 2022. In addition to the presentation, Outlook management will be available to participate in virtual one-on-one meetings with qualified members of the investor community who are registered to attend the conference. A video webcast of the presentation will be accessible for viewing on-demand beginning on Wednesday, August 17, 2022, at 7.00am ET for those registered for the event and will be available on the Events page in the Investors section of the company's website: outlooktherapeutics.com. The webcast replay will be archived for 90 days following the event.
Nickel North Exploration Corp has announced the results of its Annual and Special General Meeting held on Friday, July 29, 2022. A total of 63,900,640 common shares, representing 71.03% of the issued and outstanding common shares of the company, were represented at the meeting. All resolutions proposed to shareholders were duly passed. Dr Jingbin Wang, Andrew Lee Smith, Dr. Yingting (Tony) Guo and Julie Lemieux were re-elected to the board of directors of the company. The motion to approve the shares for debt settlements for debts in an aggregate amount of $223,462.50 was passed by disinterested shareholders (excluding votes cast by an associate of SinoTech (Hong Kong) Corporation Limited, Yingting (Tony) Guo and his associates). The motion to approve the settlement of loans from Sinotech (Hong Kong) Corporation Limited in the amount of $1,654,995 by issuance of a convertible debenture was also passed by disinterested shareholders (excluding votes cast by an associate of SinoTech (Hong Kong) Corporation Limited).
Mountain Boy Minerals Ltd said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on July 26, 2022, that will sess the issue of 8,333,334 shares at a purchase price of 12 cents per share, together with 8,333,334 share purchase warrants with an exercise price of 12 cents for a two-year period with one placee.
AMPD Ventures said it and its subsidiaries, Departure Lounge and AMPD Technologies. will be holding an Investor Update Reception to celebrate the launch of Departure Lounge’s 6,000 square foot studio in Vancouver at 170 - 577 Great Northern Way on Thursday, August 11, 2022, from 6.00pm-9.00pm. The company said presentations will begin at 7.00pm and drinks and hors d’oeuvres will be served. Space is limited, so interested parties should register via the following link https://www.eventbrite.com/e/ampd-investor-update-reception-tickets-391803383467 and use the promo code PROACTIVE.
Versus Systems Inc has said it will host an investor webinar on Monday, August 15, 2022, to provide an update on the company and recent operational highlights. The webinar will begin at 2.00pm PT (5.00pm ET). Investors will be able to access the event in the investor relations section of the company's website at https://ir.versussystems.com/. Versus Systems' executive management team will discuss second quarter 2022 developments, key performance indicators, and the company's growth strategy and related milestones. Investors can register for the webinar here: https://gatewayir.zoom.us/webinar/register/WN_fXdY2I7-SgGY6uK0r9tykQ. Questions for the Q&A session may be sent in advance to ir@versussystems.com.
OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, announced that Kolibri Global Energy Inc, an international energy company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market under the symbol KGEIF. 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. Wolf Regener, president and CEO of Kolibri commented: "We are pleased that we have begun trading on OTCQX, which is the highest tier of the OTC markets. Being upgraded to OTCQX validates our commitment to strong corporate governance, which includes clear and timely disclosures and our commitment to compliance with the applicable securities laws. In addition, it will increase our market awareness and visibility for investors. The transition to OTCQX is timely as the company is on target to meet or exceed its previously announced financial guidance. This guidance has the company exiting 2022 with production rates that are about three times higher than the beginning of the year with an annual adjusted funds flow that is about four times higher than what we achieved in 2021 and a total debt to EBITDA ratio at year-end of less than 1.0."
OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, announced that SPARQ Corp, a designer and manufacturer of next-generation single-phase microinverters, has qualified to trade on the OTCQX Best Market and has today upgraded from the Pink market under the symbol SPRQF. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.