Gevo Inc (NASDAQ:GEVO) announced that its sustainable aviation fuel (SAF) is now being used by the aviation complex Banyan Air Service in Fort Lauderdale. Gevo’s signature fuel was bought in concentrate by Avfuel Corporation, a provider of aviation fuels, systems, and service, which mixed it with traditional petroleum-based jet fuel, tested it for quality and delivered it to Banyan. Banyan’s use of Gevo’s more carbon neutral fuel accounts for a two-metric-ton reduction in lifecycle CO2 emissions.
American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) CEO Larry Reaugh has positive things to say about recent actions by the international community to incentivize battery recycling. In December, the European Union approved €3.2 billion (US$3.5 billion) in subsidies for seven member countries that want to develop the electric battery industry, according to an AP report. Meanwhile, China put in place regulations mandating that the battery recycling process must recover no lower than 98% of the nickel, cobalt and manganese and no less than 85% of the lithium. “These actions are signs that governments are looking to incentivize innovation,” Reaugh said. “American Manganese’s pilot testing has surpassed the proposed recovery regulations and positions the company front and center in the effort to meet these new government objectives.”
Hillcrest Petroleum Ltd (CVE:HRH) (OTCMKTS:HLRTF) told investors that it was pleased with how well its West Hazel operations have performed during the last six months of production. Daily oil output from four wells at West Hazel averaged around 115 barrels per day, with some days seeing over 200 barrels per day, after all of the wells were brought back online last year. The rates come despite the decision to reduce total fluid production to minimize sand influx in the wells, Hillcrest said. Production performance over the past 6 months indicates consistently strong fluid flow capacity from the wells and reservoirs.
CytoDyn Inc (OTCMKTS:CYDY), a late-stage biotechnology company, said Friday that it will request an emergency Type C meeting with the US Food and Drug Administration (FDA) to enroll 50 patients with solid tumor cancer conditions. The Vancouver, Washington-based company explained that the move was inspired by “very strong data” from its clinical trials evaluating its lead drug leronlimab (PRO 140) for the treatment of metastatic triple-negative breast cancer (mTNBC) and metastatic breast cancer (MBC). initial data from a third patient in the mTNBC trial indicated the CTC dropped to zero after two weeks of treatment with leronlimab.
MegumaGold Corp (CSE:NSAU) has increased its footprint at its Greater Goldenville gold project in Nova Scotia with the acquisition of 203 new claims. It owned 204 previously and the new claims, which are adjacent to and on-strike with its project, make the company the largest claim holder in the gold district, the firm noted. It also scales up the group's operating base and exploration portfolio in the area by around 85%, it said in Friday's statement. The claims were bought from an arm’s-length vendor at a cost around the same as the mining license fees paid to the Nova Scotia government. A 2% gross royalty was granted on the claims as part of the deal.
Pacton Gold Inc (CVE:PAC) (OTCMKTS:PACXF) is set to become a joint venture partner in the Sidace Lake advanced gold property, which is contiguous to the firm's current claims in Red Lake, Ontario. The terms see it acquire all of TomaGold's 39.5% interest in the venture, which it holds with Evolution Mining Ltd (ASX:EVN) and Newmont Corporation.
Great Bear Resources Ltd (CVE:GBR) (OTCMKTS:GTBDF) announced Friday that it is planning to spin out a newly-created royalties subsidiary, Great Bear Royalties. The spinout company will take ownership of a 2% net smelter return royalty on any future production in addition to C$1 million in marketable securities and C$500,00 cash, which will form the new company’s initial assets. The decision to spin out Great Bear Royalties allows shareholders to secure additional long-term value through royalty interest, the parent company said in a statement.
Belgravia Hartford Capital Inc (CSE:BLGV) (OTCMKTS:BLGVF) announced Friday it has acquired $400,000 worth of Blackrock Gold Corp (CVE:BRC) securities pursuant to a private placement. The investment holding company purchased 2 million units at a price of $0.20 per unit. Each unit consists of one common share and one-half common share purchase warrant of Blackrock Gold. And each whole warrant entitles the holder to acquire one additional common share until January 30, 2022 at an exercise price of $0.30 per share. The shares acquired by Belgravia Hartford represent about 3% of all outstanding shares. “Belgravia is confident in the leadership at Blackrock Gold and further due diligence supports the advancement of the Silver Cloud project in Nevada,” said Belgravia CEO Mehdi Azodi and board Chairman John Stubbs in a statement.
Auryn Resources Inc (TSE:AUG) (NYSEAMERICAN:AUG) is rated a 'Buy' again by Jay Taylor, in the January 14 edition of Gold, Energy & Tech Stocks. Taylor has said 'Buy' eight times from March 16, 2015, to November 12, 2019, at prices ranging from $1.25 to $3.19. Auryn explores for gold and copper in Nunavut and Peru. Shares suffered last year as a result of Peruvian drilling delays, but the necessary drill permits should arrive shortly. Auryn will then be able to drill what Taylor describes as the "very exciting" Sombrero project. This copper-gold asset bears striking geological similarities to the Las Bambas copper mine, which Glencore (LON:GLEN) sold to a Chinese firm for $8 billion in 2014. Early-stage trenching and sampling results at Sombrero have been heartening. Auryn also owns the Curibaya project in Peru, which is reportedly similar to Las Bambas and Sombrero but richer in precious metals. Both Sombrero and Curibaya should see some drilling activity this year. Given the odds of encouraging results from one or both drill programs, Taylor says it "makes good sense" to stock up on Auryn now, while it is still awaiting permits.
Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) said the TSX Venture Exchange has accepted for filing the company's proposal to issue 685,346 common shares at a deemed value of $0.10 per share to settle outstanding debt for $68,534.59 with its creditor Carrington Consulting Corp.