Pharma & Biotech
Pharma & Biotech
16:58 Tue 13 Sep 2022
A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Southern Silver Exploration Corp (TSX-V:SSV, OTCQX:SSVFF) has unveiled encouraging drill results from the first two diamond drill holes at its wholly-owned Oro property in southwestern New Mexico, USA, which have underlined the project’s porphyry potential. The first two deep holes, of a six-hole, 4,000 metre (m) program, tested the main porphyry target, which had been identified via earlier geological compilation, clay-alteration studies and airborne geophysics.
East Side Games Group (TSX:EAGR, OTCQB:EAGRF) has announced the worldwide release of Star Trek: Lower Decks – The Badgey Directive, a mobile game available on iOS and Android. In addition to the storylines and characters from Star Trek: Lower Decks, the mobile game includes characters and stories from across the franchise, reimagining them for fans through the lens of the show. The game is part of a multi-year partnership with Paramount Consumer Products, using ESGG’s proven Game Kit-Idle technology. It has been co-developed by East Side Games (ESG) and Mighty Kingdom Limited (MK) and published by ESG.
South Star Battery Metals Corp announced that it has contracted a drilling company for the maiden diamond drilling campaign at its Alabama Graphite (CSE:ALP) project. The program, set to begin this month, will include drilling 10 to 15 holes, logging and assays, a quality assurance program, background water quality testing, geotechnical drilling, groundwater monitoring and more, the company said.
First Mining Gold Corp reported that partner Big Ridge Gold Corp. (TSX-V:BRAU, OTCQB:ALVLF) has now earned a 51% stake in the advanced Hope Brook project in Newfoundland having completed the first stage of an earn-in deal inked last year. Big Ridge has spent C$10 million in exploration at the asset, issued 15 million of its shares to First Mining and granted it a 1.5% net smelter returns (NSR) royalty on Hope Brook, of which 0.5% can be bought back for C$2 million.
Recruiter.com Group Inc has announced its new hiring process management solution, Recruter.com Shortlist, which it said can help businesses kickstart the hiring process and find the right talent while saving time and money. Recruiter.com Shortlist identifies highly qualified, engaged candidates and compiles a shortlist of 10 hand-selected candidates to pass along to the company looking for talent, Recruiter.com said. According to the company, Recruiter.com Shortlist eliminates hours spent speaking with prospective candidates to find out if they are qualified for the role and the extra cost spent on an expensive headhunter.
Mountain Valley MD Holdings Inc (CSE:MVMD, OTCQB:MVMDF) said it has begun commercial sales and marketing of Agrarius, a certified organic product designed to be applied to agricultural crops to naturally increase yields, reduce fertilizer use, and increase general resilience to pests and climate change. Agrarius – which works by activating plants’ defense mechanisms at the cellular level, without the actual stress factor – is owned by private US company Agrarius Corp (AC). By applying Agrarius, treated plants grow deeper roots and open up foliage to optimize the effect of photosynthesis, thus increasing growth hormones, plant efficiency for water use and nutrients, decreasing the requirement of fertilizer where used, and increasing overall resistance to diseases and stressed climate conditions, the company said.
Todos Medical Ltd together with The Alchemist’s Kitchen based in the SoHo district in Manhattan has announced an educational event benefiting the long-COVID charitable foundation Survivor Corps. The company said the event would be headlined by Manhattan-based functional medicine doctor Leo Galland who had established a specialty in treating long-COVID patients who exhibit viral persistence among their root causes. “Focusing on long-COVID’s root causes versus mediating its symptoms is a broader, deeper and longer lasting strategy to improve health and wellness,” Galland said.
Cloud DX (TSX-V:CDX, OTCQB:CDXFF), a leading digital health platform and provider of virtual and remote patient monitoring solutions, said its CEO Robert Kaul would be presenting live at a Virtual Investor Conferences event on September 15, 2022, at 11.30 am EDT. Kaul will present on the company’s recently announced partnership with Teladoc (NYSE:TDOC) Health to offer Teladoc (NYSE:TDOC) services on the Cloud DX (TSX-V:CDX, OTCQB:CDXFF) platform and application and other Cloud DX initiatives. Learn more about the event at www.virtualinvestorconferences.com.
American Battery Technology Company (OTCQB:ABML) (ABTC) said the past 12 months have been “transformational” for the company as it accelerates toward commercializing both its primary minerals manufacturing and secondary minerals lithium-ion battery recycling technologies. The company said it finished fiscal 2022 with a cash balance of $29 million, up from $16.1 million in the previous fiscal year. ABTC also highlighted significant construction progress on its pilot plant for the recycling of lithium-ion batteries in Fernley, Nevada. The company said it anticipates beginning the commissioning of Phase 1 of the plant by year-end 2022 and ramping throughput throughout calendar 2023.
American Resources Corporation (NASDAQ:AREC) announced that its majority-owned ReElement Technologies LLC division has entered into a partnership with Indiana-based RecycleForce, whereby the parties will jointly and independently source and process end-of-life products for its rare earth and critical battery elements to feed the domestic supply chain. The supplier of rare earth and critical elements said under the terms of the partnership, post the sourcing of end-of-life products, RecycleForce will aggregate and preprocess a high concentrate feedstock of battery elements or permanent magnets to provide to ReElement. ReElement will then utilize its patented, low-cost, scalable, flexible and environmentally safe chromatographic separation and purification technology to produce high-purity battery elements such as lithium, cobalt, nickel and manganese and rare earth oxides for its magnet and battery manufacturing partners, the company added.
Fireweed Metals Corp (TSX-V:FWZ, OTCQB:FWEDF) said that the 2022 drill program at its Macmillan Pass zinc-lead-silver project in Yukon, Canada is off to a successful start, noting the discovery of massive sulphone mineralization and laminated sphalerite-galena-barite mineralization at Boundary Main. The sulfide and laminated sphalerite-galena-barite were discovered on the south side of a fault at Boundary West and at Boundary Main, respectively. Fireweed also intersected significant widths of massive pyrite-sphalerite-galena mineralization in the first two holes at Boundary West.
Golden Shield Resources (CSE:GSRI) Inc revealed high-grade assay results from the final four holes of the company’s 11-hole Phase Two drill program and recent trenching results at its flagship Marudi Mountain gold project in the Rupununi district of southwestern Guyana. The Vancouver-based company said the 3,100-metre Phase Two drill program on the 5,457-hectare Marudi Mountain gold project was designed to test the extension of mineralization at depth, and laterally at the previously-identified Mazoa Hill prospect. The company drilled 10 meters (m) grading 2.68 grams per tonne (g/t) gold, including 3m at 5.12 g/t Au at its flagship Marudi Mountain gold project in Guyana. ‘The final four drill holes from our Phase Two drill campaign at Marudi Mountain continue to produce high-grade gold intercepts,’ said Golden Shield CEO Hilbert Shields.
Global Energy Metals Corp (TSX-V:GEMC) has engaged Dahrouge Geological Consulting to explore in greater detail two of the group’s projects after new cobalt, copper and nickel targets were identified. The new findings were at the Lovelock and Treasure Box projects in the Stillwater Range in Nevada. GEMC had appointed Earthlabs Inc to assist in identifying new high-priority target areas and a total of 30 exploration targets have been identified, 15 on the Lovelock project and 15 on the Treasure Box project.
Gevo Inc (NASDAQ:GEVO) has announced that its Northwest Iowa Renewable Natural Gas (RNG) project, Gevo NW Iowa RNG, LLC, has obtained the approval of the Environmental Protection Agency (EPA) to participate in the Renewable Fuel Standard (RFS) program ahead of schedule. “The work we are doing at the Northwest Iowa RNG operations is critical to Gevo’s work in the reduction of the carbon intensity of fuels,” Gevo president and chief operating officer (COO) Dr Chris Ryan said in a statement. “While Gevo RNG is just one piece of the circular economy that Gevo is building, the capture of manure to make RNG in the production of transportation fuels is a very important component,” he added.
Unigold Inc said it has closed a second and final tranche of a non-brokered private placement issuing 2,300,000 units for aggregate gross proceeds of $184,000. The first tranche closed on September 6, 2022, under which the company issued 17,500,000 units for aggregate gross proceeds of $1.4 million. In total, Unigold issued 19,800,000 units at a price of $0.08 for gross proceeds of $1,584,000 for the entire private placement financing that was announced on July 26, 2022. The company said the proceeds from the offering will be used to fund its continued exploration and development on its Neita Concession in the Dominican Republic, and for general working capital purposes.
PowerTap Hydrogen Capital Corp said it has engaged T2M Global to validate its Gen3 Modular Hydrogen Production and Dispensing Unit (MHPDU) to fast-track initial station delivery to capitalise on the growing demand for hydrogen refueling stations worldwide. “We are excited to engage with T2M for rapid deployment of our Gen3 MHPDU, leveraging their extensive hydrogen experience,” PowerTap CEO Raghu Kilambi said in a statement. “T2M’s experience will enable PowerTap to take full advantage of the excellent market conditions for blue hydrogen over the next few years, especially benefitting from an already existing infrastructure of natural gas and renewable natural gas,” he added.
Minto Metals Corp (TSX-V:MNTO) said it has submitted a proposal to the Yukon government with respect to furnishing the $21 million increase in security costs required for the Minto Mine site. The Yukon Government and Selkirk First Nation (SFN) are currently reviewing the adequacy of the proposal to address the current security gap. “I would like to thank the Yukon Government for their support and acknowledgment of all the hard work our team has been doing to reduce the site liabilities and improve our water management,” Chris Stewart, president & CEO of Minto Metals said in a statement.
Tocvan Ventures Corp has told investors it is planning to start drilling at its El Picacho gold-silver project in Mexico ‘as soon as possible’ after the company identified the San Ramon prospect as a high-priority target. It comes after the company completed a surface evaluation at the prospect in Sonora state. The target area identified spans an area 500 metres (m) by 500m, focused around significant historic workings, which trend south along the contact of a regional fault, the firm said. Reconnaissance drilling by Timmins Gold in 2012 and 2013 identified multiple mineralized horizons, which hosted gold and silver mineralization down to a depth of 60m.
Givex Information Technology Group Limited (TSX:GIVX, OTCQX:GIVXF) has said it will exhibit at the definitive restaurant, pub and bar event Casual Dining at ExCeL in London from September 14-15, 2022, with recently-acquired UK-based Counter Solutions. The trade show is the first time that Givex and Counter Solutions will present together since the acquisition was completed in August. “We are thrilled at how quickly and thoughtfully the Counter Solutions and Givex teams collaborated in a few short weeks to prepare to display our new collective capabilities,” Givex EMEA managing director Jurgen Ketel said in a statement.
ENDEXX Corp announced that its newly acquired subsidiary, HYLA US Holdco Limited, has initiated marketing approvals in eight new markets, namely Germany, Italy, Israel, Egypt, Slovenia, Romania, Iran, and Bahrain. HYLA US Holdco produces and distributes organic, guarana-based, all-natural, zero-nicotine vape products, and is currently active in the United States, Canada, the Czech Republic, Georgia, Russia, Slovakia, South Africa, Switzerland, the United Arab Emirates, United Kingdom, and Uzbekistan. “We continue to see increased demand for our non-nicotine, guarana-based vape products, with sales and territories increasing quarter by quarter, all despite a current inability to sell the product online in the US,” HYLA CEO Nick Mehdi said in a statement.
Kodiak Copper Corp has told investors that this year’s exploration program at its MPD project in the main copper-gold producing belt in British Columbia is progressing well and it is now expanding efforts away from the Gate Zone and across the 147 square kilometre (sq km) property. Drilling is on schedule, and as of September 9, 2022, the company said it had completed 29 holes, for 19,150 metres (m) of the up to 25,000m program.
Guardforce AI Co Ltd (NASDAQ:GFAI) said it has signed a non-binding letter of intent (LOI) with Shenzhen Intelligent Guardforce Robot Co Ltd to acquire Shenzhen Kewei Robot Technology Company Ltd, a high-tech robotics company specializing in developing robotics software solutions and robotics management platforms, as well as robotics sales and technical services. The agreement supersedes and replaces the previously-announced LOI with Kewei to acquire 12 of its subsidiary companies, and the terminated securities purchase agreement under which the company had intended to acquire seven of its subsidiary companies. “After conducting further due diligence, it became clear that acquiring Kewei itself, compared to acquiring only the Kewei sales channel subsidiaries, would add both a premier roster of business clients, as well as advanced technologies that we believe will help to accelerate our strategic expansion within the robotics industry worldwide,” Guardforce AI chairwoman and chief executive officer Olivia Wang said in a statement.
Numinus Wellness Inc has updated on the integration of the Novamind acquisition, which was completed on June 10, 2022, noting that its US clinics have continued to perform well during the three months ended August 31, 2022, with strong client appointment growth in recent months. During August, over 6,200 client appointments were completed across Canada and the US, representing 25% growth compared to July. In total, the company’s eight US wellness clinics – six in Utah and two in Arizona – completed more than 4,900 client appointments in August, representing an increase of 22% from July, it said. “We continue to be pleased with the performance of our recently acquired US clinics – and their continued success in building strong client relationships,” said Payton Nyquvest, Numinus founder and CEO, in a statement. “Impressively, 15% of the client appointments held in August at our US clinics were from new clients.”
Scottie Resources Corp has announced assay results from its 100% owned Blueberry Contact Zone in British Columbia, which included 7.1 grams per tonne (g/t) gold over 24.6 metres (m) that extends the depth of the zone an additional 135m. The gold projects developer said the mineralized structure has now been drill tested to 360m in depth.
LithiumBank Resources Corp (TSX-V:LBNK) reported that it has bolstered its land position in Western Canada by acquiring a further 530,000 acres in the last month alone. The total permits and leases across Alberta and Saskatchewan now stand at around 3.77 million acres, or 1.52 million hectares (Ha).
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) has announced it is among a group of seven companies that have launched one of the most expansive pilot programs for 8112 universal digital coupons. Vancouver-based Fobi, a leader in providing real-time data analytics through artificial intelligence to drive customer activation and engagement, is joined in the pilot by Wells Enterprises makers of Blue Bunny Ice Cream, IT Retail, Lagree’s Food Stores, nData Services, SMS Promotions, and The Coupon Bureau (TCB). 8112 digital single-use coupons are an industry standard, validated in real-time via virtually any medium.
HighGold Mining Inc (TSX-V:HIGH, OTCQX:HGGOF) said it has executed an agreement to purchase the remaining 50% interest in its Yukon mineral properties, bringing its ownership to 100%. The company said the acquisition includes four separate properties totalling 1,023 claims and 210 square kilometres (km). According to HighGold, the most advanced of the properties is King Tut, where past exploration work outlined multi-km long gold-in-soil anomalies, including an open-ended 1 km by 1 km gold anomaly associated with the upper carapace of an intrusive body with no prior drilling. This property is located 10 km south of Snowline Gold’s Selwyn Basin land package and 50 km from their recently “reduced intrusive related gold” discovery.
Great Panther Mining Limited (TSX:GPR, NYSE:GPL) announced it has inked a letter of intent to sell its Coricancha mine in Peru to Newrange Gold Corp. (TSX-V:NRG, OTCQB:NRGOF) The sale, which encompasses 100% of Great Panther’s Peruvian subsidiaries, Great Panther Silver Peru SAC and Great Panther Coricancha SAC., will net the Canadian mining company US$750,000 payable in cash. Located in the central Andes of Peru, Coricancha is a past producing mine with an extensive land package in the prolific Central Polymetallic Belt in Peru. The asset includes and includes an operational 600 tonne per day mill, an underground mine and supporting infrastructure.
Naturally Splendid Enterprises Ltd announced that it has successfully negotiated a purchasing program for its Plantein plant-based entrees with Greenbridge Foodservice, a group of independent distributors across Canada. The plant-based food manufacturing and technology company said Greenbridge Foodservice will market the complete Plantein line – including Burgers; Nuggets; Crumbed Tenders; Sweet Chili Tenders; Schnitzel; Garlic Kiev; and Phishy Fillet – throughout its extensive network and has already received its first purchase order.
PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) revealed that it has been chosen by an advanced materials and chemicals trading house in the southern hemisphere to provide the company’s SPARC refrigerant waste destruction system. The Montreal, Canada-based high-tech company that designs, manufactures, and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), didn’t disclose the client’s name for competitive reasons. The Steam Plasma Arc Refrigerant Cracking System (SPARC) is the first of two systems that the yet-to-be-named company has indicated they may require. With engineering services, ancillary equipment options, and after-sales support, the ultimate project cost will be between US$2-to-$5 million per system depending on final decisions regarding full deliverables, according to PyroGenesis.
PlantX Life Inc said it has entered into a wholesale distribution agreement with KeHE Distributors to carry its Little West cold pressed juices. The new partnership with KeHE is a landmark achievement for Little West’s expansion strategy, broadening the market reach and giving the company access to new accounts, said PlantX CEO Lorne Rapkin. “KeHE is a well-established and highly trusted distributor in the food industry. By working with KeHE, we believe we can quickly bring Little West to every state in the United States and reach markets, hotels, cafes, and other businesses that were previously unavailable to us,” Rapkin said in a statement.
Mandalay Resources Corp has issued an update on drilling progress at its Costerfield operation in Victoria, Australia, reporting extended mineralization. Particularly, infill drilling at the Shepherd Zone supported and extended high-grade veining to the north, and both extended and upgraded the zone’s southern portion.
KULR Technology Group Inc (NYSE:KULR) announced that it has received approval from the Department of Transportation (DoT) to increase the energy levels in three special permits from 2.1 kilowatt-hours (kWh) to 2.5 kWh, expanding usage for its SafeCase product. The developer of next-generation lithium-ion (Li-ion) battery safety and thermal management technologies said it will utilize the permit upgrades to support a recently-awarded project with one of the three largest outdoor rider landscaping companies in the world for the safe shipment and storage of Li-ion batteries.
Generation Hemp (OTCQB:GENH) Inc, a midstream hemp company, and its wholly-owned subsidiary GENH Halcyon Acquisition LLC reported that its unaudited revenue for July this year was approximately $438,000, which is a record for any single month since the company was founded. The Dallas, Fort Worth-based company said the bump in revenue is predominantly the result of a significant increase in processing of hemp biomass for certain clients, along with the presale of certain inventory that the company had intentionally stored over the past year and a half. In a statement, Generation Hemp (OTCQB:GENH) CEO Gary C Evans said: “We anticipate that these record revenue numbers will continue throughout the entire third quarter due to existing contractual agreements in place that are being fulfilled.”
Lucky Minerals (TSX-V:LKY, OTC:LKMNF) Inc has said it will be issuing additional shares to Franklin Vinicio Viera Ramos under the services agreement which has received approval from the TSX Venture Exchange. The company said it will issue 159,310 common shares of the company for the services provided under the agreement, and which are issued in partial consideration for technical and other consulting services provided Viera Ramos during the months of July 2022 and August 2022. The common shares are issued at a deemed prices per share of $0.057. Any common shares issued to Viera Ramos are subject to a hold period expiring January 13, 2023, in accordance with Canadian securities laws.
Transition Metals Corp (TSX-V:XTM) said the TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement dated June 27, 2022 (as amended on August 31, 2022), between the company and an arm’s-length vendor. Under the agreement, the company will have the option to acquire a 100% interest in the Pike-Warden property, a gold mining property located in Whitehorse, Yukon. In order to exercise its option, the company must pay the vendor an aggregate of: (i) C$150,000 in cash over a four-year period; and (ii) issue one million common shares over a four-year period. Additionally, the company must incur an aggregate of C$1 million in exploration expenditures over a four-year period. Further, the vendor will retain a 1% smelter return (NSR) royalty and a US$1.5 million milestone payment to be paid within six months following commercial production being achieve from the property.
Vox Royalty Corp (TSX-V:VOX) said the TSX Venture Exchange has accepted for filing documentation pertaining to a royalty sale and purchase agreement dated June 3, 2022, between the company and arm’s-length parties, whereby the company has acquired three Canadian gold royalties: two platinum group metals royalties that include a 1.0% net smelter return (NSR) royalty over part of the Goldlund project in Ontario; an effective 0.6% NSR royalty over the Beschefer project in Quebec; and all personal rights held to a 1.5% NSR royalty over the Gold River deposit in Ontario. As consideration, the company will pay $100,000 on closing, and make additional cash payments or issue common shares of Vox (at Vox’s sole election) as follows: C$500,000 or issue up to a maximum of 184,399 common shares in September 2022; C$700,000 or issue up to a maximum of 258,159 common shares in January 2023; and C$500,000 or issue up to a maximum of 184,399 common shares in December 2023.
NorthWest Copper Corp (TSX-V:NWST) has announced the filing on SEDAR of an updated independent Mineral Resource Estimate (MRE) for its Lorraine property, located approximately 280 kilometres (km) northwest of Prince George, British Columbia and approximately 40 km from the company’s Kwanika-Stardust Projects. The MRE results were previously disclosed in the company’s news release dated July 27, 2022. The technical report is entitled ‘Lorraine Copper-Gold Project NI 43-101 Report & Mineral Resource Estimate Omineca Mining Division, B.C’ dated September 12, 2022 with an effective date of June 30, 2022. The technical report was authored by Michael Dufresne and Alfonso Rodriguez both of APEX Geoscience Ltd. The technical report is available on the company’s website at www.northwestcopper.ca.
Western Magnesium Corporation has announced the appointment of long-time Board member Steve Thorlakson as Interim CFO, effective immediately. The company said Thorlakson brings extensive financial and business management expertise, having worked more than three decades within the financial services and construction industry, and has proven success in the construction project management and logistics sectors. He has been a member of the company’s board of directors for nearly a decade. Thorlakson, who executed financial responsibilities for Western Magnesium as interim CFO between 2016-2017, replaces Ramsey Hamady. The company said it will launch a formal search process to identify a permanent replacement in the coming months.
MySize Inc (NASDAQ:MYSZ) announced it will participate in two upcoming retail industry conferences in New York and in Cologne, Germany. MySize will participate in the SAP Fashion Experience with Pan-American Customers conference from September 13-16, 2022 in New York City during Fashion Week. During the session titled Fashion on the Move, MySize and GK will present an end-to-end fashion demo featuring MySize’s FirstLook Smart Mirror. It will also attend and present its FirstLook Smart Mirror, in partnership with GK Software, at DMEXCO – Digital Marketing Exposition & Conference in Cologne, Germany on September 21-22, 2022. DMEXCO is Europe’s leading digital marketing and technology event. “With over 1,000 B2B retail customers using our MySizeID sizing solution already, we are looking to further penetrate the global retail market which has rapidly become a hybrid online and brick-and-mortar shopping experience,” CEO Ronen Luzon said in a statement. “FirstLook Smart Mirror, which integrates our MySizeID sizing solution, directly addresses this hybridization by combining the best elements of online and physical retail shopping to create an unparalleled consumer experience.”
Globex Mining Enterprises Inc updated shareholders on plans by Excellon Resources Inc regarding the Silver City property in Saxony Germany, much of which is under option from Globex. According to an Excellon release, the company is considering spinning out Silver City to create a European-focused exploration company. Excellon said it expects that SpinCo would conduct a financing to fund working capital and continuing exploration activities. It may also seek a listing for the spinout’s shares on a recognized Canadian stock exchange, subject to fulfilling all of the applicable regulatory and listing requirements. “Any plan that creates increased shareholder value and advances exploration of the Silver City property is welcome by Globex,” the Canadian mining company said in a statement.
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