leadf
logo-loader

NA Proactive news snapshot: Exro Technologies, Silver Range Resources, ElectraMeccanica Vehicles, Humanigen, Canada Silver Cobalt Works, Co-Diagnostics UPDATE …

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

Newspapers and laptop
Your daily round-up from the world of Proactive

Exro Technologies Inc (CSE:XRO)(OTCQB:EXROF), a Clean Tech company that has developed a new class of control technology for electric powertrains, granted incentive stock options to certain officers, employees and consultants to purchase an aggregate of 1,692,000 shares at $1 each pursuant to the terms of its stock option plan. All of the options are subject to vesting provisions, and any shares issued upon exercise of an option will be subject to a hold period of four months and one day from the date of grant.

Silver Range Resources Ltd (CVE:SNG) received 4,797,611 shares of Trifecta Gold Ltd as part of an amended option agreement on the Yuge property in Humboldt county, Nevada.Silver Range now holds 4,997,611 shares of Trifecta, representing 8.66% of the 57,686,897 shares of Trifecta currently issued and outstanding. Under the amended agreement, Trifecta will be required to make a $250,000 payment on or before July 7, 2021 in order to earn a 100% interest in the Yuge property. Once Trifecta earns 100% interest, Silver Range would be granted a 2% net smelter return royalty, one-half of which could be purchased for $1 million. Silver Range would also be granted defined resource payments of US$2 per ounce of gold or gold equivalent for each ounce identified in a measured or indicated mineral resource, or a proven or probable mineral reserve estimate, as contained in a NI 43-101 compliant technical report.

ElectraMeccanica Vehicles Corp (NASDAQ:SOLO), which is producing the SOLO electric vehicle, is scheduled to participate at three virtual financial conferences during September 2020. The company will hold a webcast on September 3 at 3pm ET, followed by another webcast on  September 10 at 4:40pm ET. It will also participate in an  EV and Mobility Panel on September 9 at 2:30pm ET. To schedule a one-on-one meeting, request a conference invitation or receive additional information, please contact ElectraMeccanica’s investor relations team at 949-574-3860.  

Humanigen Inc (OTCMKTS:HGEN) said Tuesday it will host an investor call and webcast to discuss the case-control lenzilumab data in COVID-19 patients published this week in Mayo Clinic Proceedings, including a discussion with the infectious disease expert and lead author of the study. The conference call and webcast is planned for Thursday, September 3, 2020 at 11:00 AM EST. To participate on the conference call, please dial toll free (833) 714-0938 or toll number (778) 560-2680. The conference ID number is 1158096. A simultaneous webcast of the call and presentation can be accessed by visiting this link. In addition, a replay of the webcast will be available on the company website for 30 days following the event.

Canada Silver Cobalt Works Inc (CVE:CCW) (OTCQB:CCWOF) announced Tuesday it raised more than C$3.5 million -- via a second and final tranche of its private placement financing -- to fund ongoing drilling at its Castle East Robinson zone discovery in northern Ontario. The explorer closed the first tranche on August 14 raising C$3,146,730, bringing the total earned in both tranches to C$6,693,730. Toronto-based Canada Silver Cobalt Works is advancing its flagship Castle mine on the 78-square kilometre (sq km) Castle property, which features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past-producing Gowganda high-grade silver-cobalt district of Ontario.

Co-Diagnostics Inc (NASDAQ:CODX), a molecular diagnostics company, provided shareholders with an operational update on its CoPrimer technology-based Logix Smart COVID-19 test kit. In an update on Tuesday, the Salt Lake City, Utah-based company said that it was “augmenting” its COVID-19 test kit with a respiratory virus panel to prepare for the flu season. "In light of the upcoming flu season and the ongoing coronavirus pandemic, the company is augmenting our COVID-19 testing with our forthcoming respiratory virus panel, which will test for and differentiate between influenza A, influenza B and COVID-19, and will be introduced to our expanded customer base in the United States and across the world,” said the company.

Milestone Scientific Inc (NYSEAMERICAN:MLSS) revealed that it has promoted Jan Adriaan (Arjan) Haverhals to be its president, replacing Brent Johnston. The company, a leading developer of computerized drug delivery instruments that provide painless and precise injections, said Haverhals will continue to serve as president and chief executive officer of its Wand Dental Inc subsidiary. Haverhals joined Milestone in June 2020 and brings over 30 years of experience in sales, marketing, product development, and international expansion within the medical device, pharmaceutical, and other industries.

DRDGOLD Limited (NYSE:DRD) (JSE:DRD) reported higher revenue, earnings and margin in its financial year ended June 2020 as investors turned to gold amid the global pandemic. Despite the problems caused by the coronavirus (COVID-19), the South Africa mine tailings retreatment specialist said its revenue for the 12 months had increased by 52% to R4,185 million (US$251.5 million). This was down to higher gold production from the firm and the amount it sold of the yellow metal, coupled with a whopping 33% rise in the average rand gold price received to R768,675 per kilogram (kg) (US$46,207). The group's headline earnings for the year came in at R634.5 million (US$38.1 million) (82.4 SA cents per share) were reported compared with headline earnings of R72.7 million (US$4.36 million) (10.9 SA cents per share) in the same period a year ago.

Arcadia Biosciences Inc (NASADAQ:RKDA) announced Tuesday it has completed the purchase of Oregon-based Industrial Seed Innovations (ISI), which specializes in organically grown, high CBD feminized hemp seed and seedlings. With the acquisition, Arcadia said ISI's portfolio of strong performing, federally compliant hemp varieties have become part of its GoodHemp line of hemp seeds, transplants and extracts. The deal solidifies Arcadia's plans to accelerate the commercialization of its hemp-related breeding platform and establish a research and development facility in the Pacific Northwest, a key hemp production area.

Nextleaf Solutions Ltd (CSE:OILS) updated Tuesday on its rapid emulsion technology, telling investors it had now completed successful scale trials for a variety of products manufactured with the firm's patent-pending technology. Nextleaf is the first public company to be issued US patents for industrial-scale extraction and distillation of cannabinoids and highlighted in the release that it enjoys a pending to issued patent allowance success rate of 100%, with over 40 issued patents globally so far.

Killi Ltd (CVE:MYID) (OTCMKTS:MYIDF), a global leader in consumer privacy, announced Tuesday that it has added 4.8 million new accounts to its ecosystem in August. The company also said that it projects that this accelerated growth will continue over the coming months. By opting in with Killi, users receive compensation for the use of their data. Killi users can select what personal data they share, and with whom.

CleanSpark Inc (NASDAQ:CLSK), a diversified software and services company, announced Tuesday the successful deployment of its mPulse software on its latest microgrid project in Central America. Located on an industrial equipment retail facility in San Jose, Costa Rica, the project utilizes CleanSpark's patented mPulse controller to coordinate all aspects of the system and improve overall performance.  The company said the microgrid will consist of a 222-kilowatt (kw) PV solar system, and a Tesla 111-kW/223kWh Powerpack provided by CleanSpark. The system is integrated with standby diesel generation for use in the event of a sustained power. 

Aftermath Silver Ltd (CVE:AAG) (OTCQB:AAGFF) told investors it is set to produce an NI 43-101 compliant technical report for its recently acquired Berenguela silver-copper project in Peru. The junior explorer said it has hired AMC Consultants (Canada) and Ausenco Engineering Canada to produce the document concerning the 6,594 hectare asset, which boasts excellent local infrastructure and is an epithermal polymetallic carbonate-replacement deposit. The deposit has a known strike length of 1.4 kilometres (km) and mineralization is present from surface to a depth of about 100 metres (m). Small scale production from surface pits and underground occurred in the early part of the 20th century, for a total of around 500,000 tonnes.

FansUnite Entertainment Inc (CSE:FANS) (OTCPINK:FUNFF), a provider of online gaming technology, announced the launch of a 12-month online marketing campaign through AGORACOM for the purposes of targeting new potential investors. Vancouver-based FansUnite said it is not shelling out any cash for the program due to online marketing pioneer AGORACOM's cashless and “fully compliant shares for services program” with the Canadian Securities Exchange. FansUnite said it is eyeing “significant exposure” through the AGORACOM digital network.

Endeavour Mining Corp (TSE:EDV) (OTCMKTS: EDVMF) has said mining is poised to restart at its new improved Boungou mine in Burkina Faso within weeks and the project is expected to achieve the top half of its 2020 production guidance. The asset is now expected to generate between 130,000 and 150,000 ounces of the yellow metal at all-in-sustaining-costs (AISC) of between US$680 and US$725 per ounce as higher-grade ore will be fed to the mill and a new West African mining contractor has been engaged.

CytoDyn Inc. (OTCQB:CYDY) has announced the formation and the initial members of its Scientific Advisory Board, including leading HIV, NASH, Oncology, and Rheumatological clinical experts and researchers. In a statement, Dr Scott A. Kelly, CytoDyn’s chief medical officer of CytoDyn, said: "This team of advisors is passionately committed to bringing new treatment options to patients facing some of the world's most challenging health conditions including HIV, cancer, NASH, and rheumatological disorders. We are grateful to be working with such a distinguished group of medical and academic professionals."

Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) revealed on Tuesday that it has signed a non-binding term sheet to acquire Dallas-Texas-based Kai Medical Laboratory LLC’s business through a share or asset acquisition, subject to due diligence and customary closing conditions. Empower, which is one of the largest operators of medical health and wellness centers in the US, said Kai would help the company advance coronavirus (COVID-19) testing. Kai has taken an active role in COVID-19 testing, battling the pandemic through RT-PCR testing and serology testing. While the RT-PCR test identifies if a patient has an active virus, the serology or antibody test detects if a patient has previously been exposed to the virus. Both of these test results are vital to managing outbreaks and the potential spread of coronavirus.

Victory Resources Corp (CSE:VR) (OTCMKTS:VRCFF) has kicked off the first phase of exploration at its newly optioned Hammond Reef South property in Ontario with 15 samples already sent to the lab for analysis. The work is being carried out by Clark Exploration of Thunder Bay and the first phase sees prospecting and mapping of anomalous trends identified by Osisko Mining to define drill targets.

Blackrock Gold Corp (CVE:BRC) has updated on the progress of its maiden drill program at the Tonopah West project located in the Walker Lane trend of Western Nevada. "Our second set of assays from our maiden drill program at Tonopah West has delivered our second high-grade discovery. The silver and gold grades encountered at both our Victor and [Denver, Paymaster, and Bermuda] targets offer prime examples of why this historic district long ago rose to prominence as the 'Queen of the Silver Camps' and highlights the scale of the opportunity for us as the first group to target these historic workings”, Blackrock president and chief executive Andrew Pollard said in a statement.

Humanigen Inc (OTCMKTS:HGEN) has said the first case-control data of lenzilumab in severe coronavirus (COVID-19) cases demonstrated an 80% reduction in relative risk of invasive mechanical ventilation (IMV) and/or death for patients treated with the drug compared to a matched control group.  Lenzilumab, an anti-human granulocyte macrophage-colony stimulating factor (GM-CSF) monoclonal antibody drug candidate, is being evaluated in an ongoing Phase III trial and was selected by the National Institutes of Health for its COVID-19 Big Effect Trial.  Humanigen said the manuscript of the study titled “GM-CSF neutralization with lenzilumab in severe COVID-19 patients: A case-control study” was published in Mayo Clinic Proceedings, a premier peer-reviewed journal.

Esports Entertainment Group Inc (NASDAQ:GMBL) said it has appointed gambling industry veteran Warwick Bartlett to its board as an independent director, with its chief financial officer Dan Marks also joining the board. Bartlett previously served as chairman of the Association of British Bookmakers for ten years and is also the chief executive and owner of Global Betting & Gaming Consultants (GBGC), an international specialist gambling consultancy.

Silvercorp Metals Inc (TSE:SVM) (NYSEAMERICAN:SVM) has boosted the silver resource at its flagship Ying silver-lead-zinc operation in Henan province, China, according to a new technical report. The mining firm said that measured and indicated silver resources at Ying increased by 18% in its new NI 43-101 technical report, while proven and probable silver reserves increased by 4%. The new technical report covers the SGX, HZG, HPG, TLP, LME, and LMW underground mines on the property.

PyroGenesis Canada Inc (CVE:PYR) said it has subscribed for 4,000,000 units for gross costs of $2,400,000 as part of a placement by its partner HPQ Silicon Resources Inc. (CVE:HPQ) (OTCMKTS:URAGF). In a statement, P. Peter Pascali CEO and Chairman of PyroGenesis Canada said: “It is indeed a pleasure to participate in this private placement and increase our position in HPQ. Not only do we find this to be a unique opportunity to invest in a business that has enormous potential for growth, but one that is supported by a visionary management and Board. We are confident that this investment will play out very well for us and our investors, and we look forward to consider adding to our position should the opportunity arise in the future.”

Helix BioPharma Corp (TSX:HBP) (OTCMKTS:HBPCF) has said it will now close the planned divestment of its remaining shares in Polish subsidiary, Helix Immuno-Oncology SA (HIO) in September. The transaction was scheduled to close on August 31 but has now been pushed back to September 30, the company said. Under the term sheet, in June, Helix accepted a non-binding offer from CAIAC Fund Management AG in its capacity as designated trustee of an Alternative Investment Fund that is currently in the process of being established and authorized by the Financial Market Authority in Liechtenstein (FMA). The terms of the offer provide for Helix to sell its remaining holdings in HIO - about 51% of the issued and shares - for gross proceeds of up to PLN6,700,000 (C$2.3 million).

Gatling Exploration Inc (CVE:GTR) (OTCMKTS:GATGF) told investors Tuesday it has generated five priority targets for drill testing at its flagship Larder gold project in Ontario following survey work. Several of the targets have been identified lying next to the so-called Cadillac-Larder Lake Break (CLLB), which already hosts Gatling's three existing, high-grade gold deposits, named Fernland, Cheminis and Bear. The new targets include a fault splay to the north of the Swansea zone and untested unconformities to the north of Gatling's three main deposits.

Medallion Resources Ltd. (CVE:MDL) (OTCPINK:MLLOF) has announced the commencement of further rare-earth element (REE) process optimization test work at the Saskatchewan Research Council (SRC). The SRC has been a long-term research partner of Medallion, and is instrumental in the delivery of data for the design of Medallion’s proprietary REE- extraction technology that utilizes the REE-rich mineral monazite. The current test work will provide additional detail on various stages in the breakdown of monazite and in the recovery of phosphate as a secondary product. Completion is anticipated within one month.

Newgioco Group, Inc. (NASDAQ:NWGI) has announced that Odissea Betriebsinformatik Beratung GmbH, its wholly-owned software development subsidiary, has completed the previously announced Stage 2 compliance and testing procedures and has obtained ISO-27001:2013 certification for safety management. The global sports betting and interactive gaming technology company noted that the process involved a detailed and formal compliance audit and independent testing of the Information Security Management System (ISMS) that now certifies Odissea to manage the security of sensitive third party information such as financial assets, legal and personal details.

Telson Mining Corporation (CVE:TSN) (OTCPINK:SOHFF) has announced the resignation from its board of directors of Remigio Martinez Muller for personal reasons. It noted that Martinez has worked his whole professional career with Grupo Mexico starting in 1967 as a Mine Geologist in Taxco, Guerrero and ending as Grupo Mexico's Director of Exploration in 2013. From 2013 to 2016 he maintained an exclusive consultant position with Grupo Mexico and became an independent consultant thereafter. Ralph Shearing, Telson's CEO commented: "The Board of Directors and management thank Remigio for his valuable contribution to Telson over the past serval years. His experience and guidance will be missed by both the board and management. In addition, we wish Remigio a prompt return to good health as he focuses on his retirement."

Binovi Technologies Corp. (CVE:VISN) (OTCMKTS:BNVIF) has said it now expects that it will be in a position to file its annual financial statements and accompanying management's discussion and analysis for the financial year ended February 29, 2020, on or before September 14, 2020. Additionally, on July 28, 2020, Binovi announced that it would be relying on the temporary blanket relief provided by the Canadian securities regulators for the filing of its interim financial statements and accompanying management's discussion and analysis for the first quarter ended May 31, 2020 due to logistics and delays caused by the coronavirus (COVID-19) pandemic. Under the temporary blanket relief, the company would need to file the Interim Filings on or before September 14, 2020. As a result of the delayed Annual Filings the company anticipates there could be additional delays in the filing of its Interim Filings and it will continue to provide biweekly status updates on the delay in filing.

Versus Systems, Inc. (CSE:VS) (OTCQB:VRSSF) said its chief technology officer, Alex Peachey, and director of Engineering, Chris Hildebrand, will lead "Mnesia: Concept to Reality", an Elixir workshop showcasing real-world solutions that leverage Elixir/Erlang OTP middleware tools at ElixirConf 2020 on September 1-September 2, 2020. Hildebrand commented: "Mnesia is a database tool in the OTP that gets little coverage. There was a knowledge gap in the Elixir community that we overcame through trial and error. We're thrilled to return to ElixirConf as educators this year to share what we've learned and our insights with the attendees and the broader Elixir community." Workshop attendees will learn from market-tested solutions that optimize Mnesia's data management system, which can also be applied to a variety of ecosystems and adapted for growing teams with limited manpower. Peachey added:  "Our platform supports a range of ecosystems, from mobile apps to desktop applications. With Mnesia, we've been able to quickly scale to match our partners' needs from momentary spikes on mobiles games to sustained growth stemming from global expansion of HP's OMEN Rewards platform even as a small team." The workshop will include discussions and hands-on development and deployment to AWS, de-mystifying the implementation of Mnesia for real-world scenarios. Tickets to ElixirConf 2020 are available at https://ti.to/elixirconf/elixirconf-2020.

Ideanomics (NASDAQ:IDEX), a global company with a platform of services for the adoption of commercial electric vehicles (EVs), has announced that it will be presenting at the LD 500 Investor Conference on Thursday, September 3 at 11.00am PST / 2.20pm EST. It said Alf Poor, CEO of Ideanomics, will be presenting to a live virtual audience, who can register here to take part: https://ld500.ldmicro.com/

CleanSpark, Inc. (NASDAQ:CLSK), a diversified software and services company has announced that it will be presenting at the LD 500 investor conference on Thursday, September 3rd, 2020,  at 3.40pm ET. CleanSpark's chairman, Matthew Schultz will be presenting live to a virtual audience. Participants wishing to register may do so at https://ld500.ldmicro.com/. The corporate presentation will be available via live webcast and in archive for up to 90 days following the conclusion of the event at https://www.webcaster4.com/Webcast/Page/2019/36853

VolitionRx Limited (NYSEAMERICAN:VNRX) has announced that its chief executive officer, Cameron Reynolds, and its executive vice p[resident, Investor Relations, Scott Powell, are scheduled to present at five conferences in September 2020. During the conferences, the pair will outline Volition's business, clinical, regulatory and operational milestones, as well as the Company's recently announced quarterly financial results. Details of the conference presentations (all virtual) are as follows: LD Micro 500 Virtual Conference on Tuesday, September 1, 2020, at 9.00am EDT, Registration Link: https://ld500.ldmicro.com/; GCFF Virtual Conference – Investing in Innovation on Thursday, September 10, 2020, at 12.00pm EDT, Registration Link: https://nai500.com/events/gcff-2020-investing-in-innovation; Cantor Virtual Global Healthcare Conference on Tuesday, September 15, 2020, at 8.00am EDT, Registration Link: https://cantor-fitzgerald-global-healthcare-conference.events.issuerdirect.com/signup; Life Sciences Investor Forum on Thursday, September 17, 2020, at 10.00am EDT, Registration Link: https://bit.ly/30GjErk; and the Oppenheimer Fall Healthcare Life Sciences & MedTech  Summit on Monday, September 21, 2020, ay 10.50 am EDT, Registration Link:  https://www.oppenheimer.com/events/2020/healthcare-fall- summit.aspx

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Gold Terra Resource Corp. (CVE:YGT) (OTCQX:TRXXF), a junior gold exploration company, has qualified to trade on the OTCQX  Best Market and has today upgraded from the OTCQB Venture Market. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. "With the resurgence of the gold market and the Company's recent exploration success on its YCG project, we are delighted to be traded on the OTCQX," said David Suda, president and CEO of Gold Terra. "Trading on OTCQX is a reflection of our increased focus on growing our investor base in the US as we continue to build awareness and unlock the potential of our gold project in Yellowknife."

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Aftermath Silver named herein, including the promotion by the Company of Aftermath Silver in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

FansUnite Entertainment pleased Canada taking a look at allowing single...

FansUnite Entertainment (CSE: FANS- OTCQB: FUNFF) President Darius Eghdami joined Steve Darling from Proactive with news the company is hailing the Canadian government’s decision to introduce legislation that would legalize single-event sports betting in Canada. Eghdami talks about why that...

1 day, 14 hours ago

19 min read