EuroLife Brands Inc (CSE:EURO) (OTCMKTS:EURPF) is confident about its potential growth in Europe as it revealed that negotiations to finalize a binding letter of intent (LOI) to acquire a 20% interest in a state-of-the-art industrial hemp cultivation operation near Dresden, Germany, continue as planned. In a corporate update, the company said that via "sustained strategic deployment of capital and unification of synergistic assets", it aimed to become amongst the largest cultivators of hemp in Europe. The Dresden hemp deal is expected to be finalized in the first quarter of 2020 and the partners aim to maximize the value of the 110,000 kilograms of existing hemp biomass that is currently on hand, EuroLife added.
American Resources Corporation (NASDAQ:AREC), a supplier of raw materials to the steel industry, told investors Tuesday that it is focused on reclaiming thermal coal mines while expanding its metallurgical carbon operations. In an update of its environmental practices, the Fishers, Indiana-based company outlined its ongoing efforts to evaluate its mining permits and identify properties at or below its proprietary economic and environmental margin and select them for reclamation. To date, American Resources has acquired more than 75 mining permits with an associated reclamation bonding value of more than $36 million.
EnWave Corporation (CVE:ENW) (OTCMKTS:NWVCF) has signed an equipment purchase agreement with food processing company Fresh Business in Peru for the delivery of one of its 100 kiloWatt Radiant Energy Vacuum (REV) machines. The company plans to scale up its operations in Peru, where it sources its fruits and vegetables to be dehydrated with EnWave’s technology. The new nutraREV is Fresh Business’ second EnWave product after the company bought a 10kw machine when the companies signed a royalty-bearing commercial license back in April.
NexTech AR Solutions Corp (OTCMKTS:NEXCF) (CSE:NTAR), the augmented reality (AR) focused tech group, continues to expand its reach as it announced a new customer deal with retailer Weby Corp. Weby is a multi-brand eCommerce dealer for hunting, shooting, camping and running gear and has been placed on Inc. 5000 list of the fastest-growing companies in America six years in a row.
Nabis Holdings Inc (CSE:NAB) (OTCMKTS:NABIF), the cannabis investment firm, told investors it expects increased revenues and profit margins going forward, now that it owns the rights to operate the Emerald dispensary in Phoenix, Arizona. Reporting fourth-quarter results for the three months to end October, the group said the transfer of ownership occurred on October 10 and in just 21 days, the group reported gross revenue of C$644,000 from dispensary operations.
Bonterra Resources Inc (CVE:BTR) said the TSX Venture Exchange has accepted for filing documentation with respect to its brokered private placement, announced on November 19, 2019, which sees the issue of 1,307,066 flow-through shares, at $2.25 each, and 980,000 Quebec flow-through shares, at $2.40 each, with 15 placees.
Newrange Gold Inc (CVE:NRG) (OTCMKTS:NRGOF) reported that the TSX Venture Exchange has accepted for expedited filing, documentation about a property option agreement dated December 23 this year between Newrange Gold Corp, as optionee, and Aurcrest Gold Inc, as optionor. Newrange has an option to acquire a 100% interest in 110 claim cells covering around 2,170 hectares in the Red Lake mining division in Ontario, known as the Western Fold claims. In consideration, the firm will make cash payments totalling $200,000 and issue 1 million shares, both in stages as follows: Upon exchange acceptance, C$30,000 cash and 150,000 shares; Year 1, C$70,000 cash and 350,000 shares; Year 2, C$100,000 cash and 500,000 shares.
BlueBird Battery Metals Inc (CVE:BATT) (OTCMKTS:BBBMF) has closed a private placement of over 1.49 million units at C$0.055 each for total gross proceeds of C$82,000. Each unit consists of one common share and one transferable share purchase warrant. Each warrant is exercisable into one further common share for two years from issue at C$0.07 per share. Proceeds of the placing will be used for general working capital, the firm said, while all securities will be subject to a four month hold period.
Arizona Silver Exploration Inc (CVE:AZS) (OTCMKTS:AZASF) said it has repriced its previously announced private placing to raise funds for further exploration of the Philadelphia property and the Ramsey silver mine, both in Arizona. In a statement, the company said it will issue up to seven million units at C$0.10 each for gross proceeds of C$700,000. Each unit consists of one company share and one-half of one transferable share purchase warrant, with each whole warrant exercisable at C$0.15 each for two years from closing.
Arctic Star Exploration Corp (CVE:ADD) said Tuesday that the TSX Venture Exchange granted the company a three-week extension to complete C$1.3 million private placement, which was announced in November. The funds raised will be used for general working capital, to explore existing properties and potential future acquisitions, according to the diamond explorer. The company is offering up to 26 million units at a price of C$0.05 per unit, for gross proceeds of up to $C1.3 million.