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NA Proactive news snapshot: KULR Technology, First Mining Gold, HighGold Mining, MGX Minerals, Valeo Pharma, Tectonic Metals UPDATE …

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

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KULR Technology Group Inc (OTCQB:KULR) CEO Michael Mo will be an interview guest on CNN First Move with Julia Chatterley on July 30 at around 9:20 am ET. The interview will coincide with the launch of NASA’s Mars Perseverance Rover, set for earlier Thursday. KULR’s phase change material solution is used on the Rover’s SHERLOC (Scanning Habitable Environment with Raman & Luminescence for Organics & Chemicals) instrument. The interview may touch upon the company’s recent announcements of EV Supercar battery thermal management solution and space-proven battery safety design for the energy storage market.

First Mining Gold Corp.(TSE:FF) (OTCQB:FFMGF), a gold developer operating in northwestern Ontario, announced Tuesday that CEO Dan Wilton will present at the upcoming VirtualInvestorConferences.com virtual event at 3:30 pm ET on Thursday. The live, interactive event will allow institutional investors, advisors and analysts to ask Wilton questions in real-time. Pre-registration can be done here.

HighGold Mining Inc (CVE:HIGH) (OTCMKTS:HGGOF) revealed that it has closed its upsized bought deal offering of 7,976,975 shares at a price of C$1.73 per share to raise proceeds of C$13,800,166.75, which included the full exercise of the over-allotment option granted to the underwriters. The mineral explorer focused on high-grade gold projects in North America, said it has issued an additional 446,500 shares to an existing shareholder following the shareholder's election to exercise its participation rights. The participation shares were issued at a price of C$1.73 per participation share for gross proceeds of C$772,445. CEO Darwin Green said with the closing of the financing, HighGold has C$23 million in working capital, placing the company in "a strong position to materially advance" its flagship Johnson Tract gold project, in Alaska. 

MGX Minerals Inc (CSE:XMG)(OTCMKTS:MGXMF) has engaged GRA Enterprises LLC in association with the National Inflation Association to advance investor knowledge of the recently re-discovered Heino Gold Deposit in British Columbia. The NIA was launched during the 2008/2009 global financial crisis with a goal of helping educate the public to the truth about monetary policy and how the Federal Reserve's manipulation of interest rates leads to price distortions, malinvestment, asset bubbles, and income/wealth inequality. NIA provides its members with priceless information about the global economy and financial markets that the mainstream media refuses to discuss. NIA advocates for a return to the gold standard and provides analysis of the precious metals market while profiling publicly traded gold and silver mining/exploration companies that could be positioned to thrive during an inflationary environment. GRA Enterprises LLC will be paid US$30,000 for its investor relations and advisory services for a term of six months.

Valeo Pharma Inc (CSE:VPH) CEO Steve Saviuk will present at an upcoming virtual conference held by Wall Street Reporter on Wednesday July 29. Saviuk will provide an overview of the pharmaceutical company’s growing product portfolio, which include four products scheduled for launch this summer, and talk about how these launches and the upcoming Redesca approval expected for late summer will help the company move towards profitability. The presentation includes a Q&A period with participants. To register for the conference click here.

Tectonic Metals Inc (CVE:TECT) (OTCQB:TETOF) announced Tuesday it is bringing on veteran investor relations expert William Stormont to lead outreach activities between the junior explorer and the investment community. Stormont’s multidimensional professional experience includes leading resource development in Asia and co-managing a top-performing European equity fund in London. He most recently held the position of investor relations lead at Atlas Corp (NYSE:ATCO), a major global asset management company. "From being IR for a multi-billion-dollar company to an equity analyst to a co-manager of a billion-dollar equity fund, Bill brings extensive financial and capital markets experience and deep insider knowledge of how the buy and sell-side thinks and operates,” said Tectonic CEO Tony Reda in a statement.

Phunware Inc (NASDAQ:PHUN) announced the release of its new mobile application software Healthy Spaces, aimed at helping businesses track health information and people to assemble more safely by using tech-enabled prescreening and safety protocols. Healthy Spaces allows users to build their own health profile which includes tracking, recording and evaluating key activities, habits and symptoms. The Austin, Texas-based company said that user can then create, manage and join groups across their professional and social networks for easy monitoring and check-ins. “The world is looking for ways to restart the economy and feel comfortable being social again,” said Phunware COO Randall Crowder. "We leveraged over a decade of mobile experience to design, develop and deploy Healthy Spaces, so people and businesses will have the tools they need in a mobile-first world to combat uncertainty and gather again in a safer, more responsible way.”

Lexaria Bioscience Corp (CSE:LXX) (OTC:LXRP) has won approval from the ethics board of a European university research hospital to conduct an exploratory clinical study of CBD formulated with its DehydraTECH drug delivery technology as a treatment for hypertension patients. The study will evaluate blood pressure reduction in 24 pre- or mild hypertension patients, who will receive a 300 milligram dose of CBD with or without DehydraTECH. The primary endpoints are blood pressure and heart rate. The company expects to have the results of the study by November.

Internet of Things Inc (CVE:ITT) (OTC:INOTF) has announced that it is considering changing its name to Predictiv AI Inc as well undertaking a share consolidation which it will propose for approval at the annual and special meeting of its shareholders on August 21. The share consolidation would trim the company’s outstanding shares at a ratio of up to 5.5:1 pre- to post-consolidation shares. There are currently more than 337 million shares of ITT outstanding, the company said.

Zinc8 Energy Solutions Inc (CVE:ZAIR) said it has entered into an engagement with Incite Capital Markets Inc. of Vancouver, British Columbia, Canada to provide investor relations and capital markets advisory services to the company. In a statement, Zinc8 said Incite will initiate and strengthen relationships with the financial community including shareholders, investors and other stakeholders for the purpose of increasing awareness of the company, its technology and its activities.

Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) has revealed unaudited interim first-quarter financial results that showed revenue grew more than fivefold on the back of record patient growth at the company’s Sun Valley Health subsidiary, which owns a network of physician-staffed, health & wellness clinics in Oregon and Arizona. For the period ended March 31, 2020, the group clocked up revenue of $789,135 driven by 5,717 patient visits, compared to revenue of $152,846 based on 1,198 patient visits in the first quarter of 2019. The group chalked up the bump in revenue to the acquisition of Sun Valley and the addition of five clinics which drove an increase in patient count.

Pure Gold Mining Inc (CVE:PGM) (LON:PUR) said Tuesday that its promising underground exploration campaign has intersected high-grade gold mineralization from step-out drill holes drilled close to existing underground development at its Red Lake mine project in Ontario. The mine developer posted more encouraging results from underground drilling at its Red Lake mine, saying it has extended gold mineralization out from current design stopes, has “discovered new gold zones that will be integrated into mine planning,” and has “confirmed stopes scheduled for near term production.” Underground drilling at Pure Gold’s Red Lake mine project intersected 12.8 grams per ton (g/t) gold over 10 metres from drill hole PGU-0136 and including 20.1 g/t gold over 5 metres.

CanaFarma Hemp Products Corp (CSE:CNFA) has struck a joint venture agreement with self-proclaimed food god and American TV personality Jonathan Cheban through his company FeelGoodCBD LLC to market, distribute and sell hemp oil-infused products under the Foodgod brand. In a statement Tuesday, CanaFarma said its science-based approach for designing and formulating its products will be partnered with FeelGoodCBD’s unique knowledge of the food industry to deliver premium products. The companies plan to work together to build “a line of high-quality hemp oil-infused snack and dessert products.”

mCloud Technologies Corp (CVE:MCLD) (OTCQB:MCLDF) announced Tuesday that it added an additional 2,675 assets under management during the second quarter 2020 as demand for its AssetCare solution increased from the oil and gas sector. The figure is an 83% increase from the same quarter a year prior and brings mCloud’s total portfolio to 51,347 connected assets. In a statement, mCloud told shareholders that the increased demand was fueled by oil and gas customers needing to remotely operate and maintain critical assets at production facilities amidst the coronavirus outbreak.

NexTech AR Solutions Corp (CSE:NTAR) (OTCQB: NEXCF) said Monday it has appointed augmented reality expert Ori Inbar to its board of directors. The company said Inbar, who has been involved in the AR industry for over a decade as both a startup entrepreneur and a venture capital investor through SuperVentures, is uniquely positioned to help guide NexTech on its growth trajectory and identify potential acquisition opportunities. In 2009, Inbar was the co-founder and CEO of Ogmento - renamed Flyby Media, and later acquired by Apple Inc (NASDQ:AAPL) - one of the first venture-backed companies conceived to develop augmented reality games and tech. In 2012, he founded AugmentedReality.org, a non-profit organization. He also worked for SAP and TopTier Software.

Esports Entertainment Group, Inc. (NASDAQ:GMBL), a licensed online gambling company with a focus on esports wagering and 18+ gaming, said it has appointed former equity analyst Jeff Cohen as Vice President Strategic Planning and IR. Cohen was previously an analyst covering gaming and esports for Stephens Inc., a leading Wall Street investment bank and asset manager. Prior to joining Stephens in 2017, Cohen was an analyst in the Equity Special Situations Group at Barclays.

Metalla Royalty & Streaming Ltd (NYSEAMERICAN:MTA) (CVE:MTA) has boosted its portfolio with the acquisition of a 2.5% royalty on Kirkland Lake Gold Ltd’s (TSE:KL) (NYSE:KL) Fosterville gold mine in Australia. Fosterville produced 619,000 ounces in 2019 at an average grade of 39.6 grams per ton. In 2020, Kirkland Lake is anticipating production of up to 610,000 gold ounces at an operating cost of up to US$150 per ounce. Vancouver-based Metalla acquired the royalty from Australia’s NuEnergy Gas Limited for A$2 million in cash and 467,730 Metalla shares worth A$4 million.

Mind Medicine (MindMed) Inc. (OTCQB:MMEDF) said it has concluded dosing in a Phase 1 Single Ascending Dose (SAD) study of its 18-MC molecule which was well tolerated in humans and will help advance planning for a Phase 2a clinical trial in opioid addiction. Furthermore, the leading psychedelic pharmaceutical company added, the study has not incurred any delays due to the coronavirus (COVID-19) pandemic and the Multiple Ascending Dose (MAD) study is on track according to the original development timeline.

Nemaura Medical Inc (NASDAQ:NMRD) has announced plans to launch a public offering to raise up to $11.5 million to help fund the development and commercialization of its diagnostic devices and subscription services.  Under its “best efforts” offering, the Loughborough, UK-based company said it will issue 793,103 shares of its common stock. Each share of common stock and accompanying one-half of a warrant is being sold for a combined purchase price of $7.25 each. Each whole warrant will have an exercise price of $8 a share and is exercisable immediately. The warrants will expire five years from the date of issuance.

Pacific Empire Minerals Corp (CVE:PEMC) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement, announced on July 9, 2020, which will see the issue of 4,222,258 flow-through shares and 16 million common shares at purchase prices of 7 cents per flow-through share and 5 cents per common share, together with 8 million share purchase warrants with an exercise price of 10 cents for a two-year period with 56 placees.

Candelaria Mining Corp. (CVE:CAND) (OTC PINK:CDELF) has announced the grant of incentive stock options under its stock option plan, to directors and officers of the company, to purchase up to an aggregate of 2,250,000 common shares at a price of $0.30 per share expiring five years from the date of grant. In addition, the company said it has granted directors and officers of the company 2,060,000 restricted share units at a price of $0.30 per share. All options and restricted share units vest in three equal installments over 18 months.

Matinas BioPharma Holdings, Inc. (NYSEAMERICAN:MTNB), a clinical-stage biopharmaceutical company, said the company will host a conference call and live audio webcast on Monday, August 10, 2020, at 4.30pm ET to discuss operational and financial results for the second quarter ended June 30, 2020. To participate in the call, investors can dial (877) 407-5976 (domestic) or (412) 902-0031 (international). The live webcast will be accessible on the Investors section of Matinas’ website, www.matinasbiopharma.com, and will be archived for 90 days.

First Mining Gold Corp. (TSX: FF) (OTCQX:FFMGF) has announced that its CEO Dan Wilton will present live at VirtualInvestorConferences.com on Thursday, July 30 at 3.30pm ET via the following link: https://www.tinyurl.com/073020MiningVIC. This will be a live, interactive online event where investors, institutional investors, as well as advisors and analysts are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com.

Quick facts: Empower Clinics Inc.

Price: 1 CAD

Market: CSE
Market Cap: $196.24 m

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