Perma-Fix Environmental Services Inc has announced that its second-quarter 2022 revenue rose 20.5% to $19.5 million, boosted by sequential and year-over-year sales growth in both its Treatment and Services segments. The nuclear services company said growth in both segments was due, in part, to the resumption of work and attaining complete operational levels on several projects that had been delayed due to the impact of the coronavirus (COVID-19) pandemic, as well as a 54% increase in waste receipts, including both commercial and international waste.
X1 Esports and Entertainment Ltd has closed the previously-announced planned acquisition of Tyrus LLC, an influencer management firm empowering gamers, content creators and influencers. On closing, X1 holds all issued and outstanding securities of Tyrus, which will operate as a subsidiary of the Vancouver-based X1, a video games and creator economy portfolio company which owns and operates a growing Esports franchise. "The Tyrus transaction offers tremendous opportunity for X1 to partake in the growing global creator economy which is an industry of over 50 million individual content creators where Tyrus is extremely well-positioned," said Mark Elfenbein, CEO of X1, in a statement. "The video game category has been a top category of the creator economy and has largely benefited from the growth of the video game industry recently."
Sassy Gold Corp said that spin-out company Gander Gold Corp has identified a potential major new gold trend within the Gander gold belt as the 2022 exploration program continues at its 485 square kilometre (sq km) Gander North project in Newfoundland. Gander Gold, which launched on the CSE in March of this year and has combined ownership of 63% between Sassy Gold and Eric Sprott, said the trend starts around 12 km east of the GRUB Line and 25 km east of the Appleton trend that hosts the New Found Gold and Labrador Gold high-grade discoveries. In a statement, Shawn Ryan, Gander Gold technical adviser, said: “Broad areas of Gander North are lighting up from our Phase 1 Soil Sampling Program. Results from our 2021 Airborne Mag/VLF and LiDAR surveys are in and have been very helpful in adding the next layer of detail interpretation needed to advance the Phase 2 soil work."
Think Research Corp noted that The Globe and Mail reports in its August 4 edition that Desjardins Securities analyst Jerome Dubreuil amid "mounting recessionary concerns and rising rates," predicts "a period of capital preservation ahead" for healthcare companies in his coverage universe. The Globe's David Leeder writes that Dubreuil says: "Although healthcare is resilient relative to other industries, access to capital markets has deteriorated and caused our coverage companies to increasingly focus on profitable growth, which may not be all that bad long-term. ... We believe concerns on churn/the slowdown related to the reopening of the economy are overblown." Dubreuil continues to rate Think Research stock a 'Buy' but cut the share price target by 50 cents to $1.25. Analysts on average target the shares at $1.91. Mr. Dubreuil says in a note: "We believe turning sustainably EBITDA positive would be a catalyst for the stock given the market's increased preference for profitable companies. We highlight that the acceleration in marketing investments expected by management in the previous quarter could affect near-term profitability as this decision could take a few months before translating into additional sales."
Empower Clinics Inc. announced that its COVID-19 testing solutions offered in and around the Port of Vancouver and Canada Place in Vancouver has processed more than 4,000 tests in July. The company said more than 600 appointments have been confirmed for the remainder of the cruise season, which runs until November. The peak season is between July and October based on schedules managed by the Port of Vancouver. "More than half way into this year's cruise season, we're proud to have the cruise industry standing behind our fully accredited COVID-19 testing solutions in Vancouver," Empower CEO Steven McAuley said in a statement.
Tocvan Ventures Corp said it has completed a total of seven reverse circulation (RC) drill holes totaling 1,382 meters as part of the ongoing Phase III drilling program at its Pilar Gold-Silver project in Sonora, Mexico. Drilling focused on the 4-T expansion and extension targets and a new trend discovered during the last stage of drilling. Samples from all seven drill holes have been submitted to ALS (Hermosillo) for analysis, with results expected later this month. The company said in an update to investors that planning is underway for drilling step-outs further along trend to the southeast of target areas.
Kontrol Technologies Corp said that Neo Exchange Inc. has accepted the company's notice of intention to begin a normal course issuer bid (NCIB) of up to 2,431,898 common shares, representing around 5% of its issued and outstanding common shares. The NCIB will commence on NEO at the start of trading on August 8, 2022. Purchases pursuant to the bid will be made by PI Financial Corp. on behalf of the company. Kontrol Technologies, a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology.
HealthLynked Corp announced that it will host a one-time screening of the documentary "Forever: The End of Aging" at the luxury dine-in CMX CinéBistro theater in Naples, Florida. 'Forever' was written and directed by award-winning film and television writer Paul Castro, writer of the original screenplay "August Rush." HealthLynked, along with its technology that improves communication between patients and doctors, is featured in the film to show how people can be a part of medical discoveries through information sharing.
Stuhini Exploration Ltd said it has closed the first tranche of its previously-announced non-brokered private placement, raising total gross proceeds of $1,026,125. The base and precious metals explorer said under the first tranche of the private placement, it issued a total of 2,142,500 flow-through (FT) units at a price of $0.45 each for total gross proceeds of $964,125, as well as a total of 155,000 non-flow-through (NFT) units at a price of $0.40 per NFT unit for total gross proceeds of $62,000. Gross proceeds from the FT unit offering will be used to fund exploration programs on Stuhini's Ruby Creek project and Big Ledge project in British Columbia, while those raised from the NFT offering will be used to fund exploration programs on the company's other mineral properties, including the Que project in the Yukon Territory, the South Thompson Nickel project in Manitoba, and any additional exploration projects acquired or staked in the United States through the company's wholly-owned subsidiary, Arizada Metals Corp, as well as for general and administrative expenses.
Great Panther Mining Limited said it has closed the sale of its Mexican subsidiary Minera Mexicana El Rosario SA de CV to Guanajuato Silver Company Ltd. The subsidiary owns the Guanajuato mine complex, the Topia mine, and El Horcon and Santa Rosa projects. Purchase consideration comprised $8,000,000 of cash, plus additional cash of around $1,350,000 under a working capital adjustment, together with 25,787,200 common shares of Guanajuato Silver, valued at around $6,700,000 as of the announcement of the transaction on June 29, 2022, and $8,921,172 as of the close of business on August 4, 2022.
Sidus Space Inc said it intends to release its 2Q results on August 12, 2022, before market trading beings. The space-as-a-service company, which is focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support, said it would host a listen-only webcast of its results and business update at 9am EDT on August 12, 2022. Participants can join the webcast via the Investors page of sidusspace.com.
BioVaxys Technology Corp has announced a non-brokered private placement consisting of up to 10,000,000 units at a price of $0.10 per unit for total gross proceeds of up to approximately $1 million. Each unit consists of one common share and one whole common share purchase warrant. Each warrant is exercisable for one additional common share at an exercise price of $0.20 for a period of 48 months. The company intends to use the net proceeds of the private placement for working capital purposes. All securities issued under the private placement are subject to a statutory hold period of four months and one day from the date of issuance. The company may pay cash finder's fees on all or a portion of the private placement. Closing of the private placement is subject to customary conditions of closing, including the approval of the Canadian Securities Exchange, and is expected to complete on or about August 19, 2022.
Aben Resources Ltd said it has closed a non-brokered private placement financing for total gross proceeds of C$211,500. The company said it has allotted and issued 6,042,857 units at a price of C$0.035 per unit. Each unit is comprised of one common share and one transferable warrant. Each warrant will entitle the holder to purchase one additional common share for a period of two years at a price of C$0.05 per share. The company intends to use the proceeds from the placement towards general working capital purposes. All securities issued under the placement will be subject to a four-month and one-day hold period expiring December 5, 2022. The placement remains subject to the final approval of the TSX Venture Exchange.
Southern Energy Corp said the TSX Venture Exchange has accepted for filing documentation with respect to its brokered private placement announced on June 23, 2022, which will see the issue of 20,311,927 common shares at a purchase price of 54.5 pence per share (approximately 87 Canadian cents per share) with 27 placees.