NA Proactive news snapshot: Energy Fuels, PyroGenesis Canada, CleanSpark, Versus Systems, Avalon GloboCare, MGX Minerals UPDATE …

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

US Federal -
Your daily round-up from the world of Proactive

Energy Fuels Inc (NYSE:UUUU) (TSX:EFR), a leading producer of uranium and vanadium in the US, is applauding President Trump for signing an executive order declaring a state of emergency to address America's overreliance on critical minerals from foreign adversaries. In a statement Thursday, a day after the order was issued, the company said it believes the decision could be a major step toward providing tangible support and/or funding to be directed toward producers and processors of critical minerals, such as Energy Fuels. In 2018, the Secretary of Interior issued a final list of 35 minerals deemed critical to US national security and the economy, including uranium, vanadium, and the rare earth elements group. At the end of 2020, the company said it expects to hold significant inventories of both uranium and vanadium that have been produced in the US.

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) CEO Peter Pascali has increased his ownership in the hi tech company with an additional 3.225 million shares after converting a loan of C$903,000. Pascali now owns and controls just over 77 million shares of the Montreal-based firm. On a fully diluted basis, assuming all options fully vest, Pascali and his holding company or trust would beneficially own and control 52.2% of the issued and outstanding PyroGenesis shares.

CleanSpark Inc (NASDAQ:CLSK) announced Thursday its support for Federal Energy Regulatory Commission Order 2222 that is designed to help aggregated distributed energy resources (DERs) compete alongside and work with traditional power utilities. In its published opinion thoroughly investigating the ruling, the company noted, the National Law Review concluded that "FERC's new rules could prove to be a disruptive and transformative change to electric utilities" and the electric industry broadly. “This is a significant win for clean energy and alternative energy production, said CEO Zach Bradford in a statement. “This ruling should transform the microgrid industry by promoting competition in electric markets by removing the existing barriers that have favored utilities for decades."

Versus Systems Inc (CSE:VS) (OTCQB:VRSSF) has signed an agreement with Predictmedix Inc (CSE:PMED) (OTCQB:PMEDF), a medical software company that integrates artificial intelligence (AI) into healthcare testing technology. In a statement Wednesday, Versus said the agreement brings its proprietary rewards platform to the healthcare vertical -- allowing healthcare providers, Contract Research Organizations (CROs), and life science companies to use rewards to recruit and retain a broader range of patients, and to promote compliance in testing medical therapies. These products, for use primarily by CROs, academic medical centers and those in the clinical trials markets, will enter a market that Fortune Business Insights estimates at US$40 billion annually, the company added. Predictmedix will use Versus’ patented rewards and engagement engine to incentivize users and patients to take steps in their treatment. In the case of clinical trials, this may include rewarding patients for joining certain trials, as well as for complying with trial protocols. 

Avalon GloboCare Corp (NASDAQ:AVCO) announced Thursday that it has expanded the Phase 1 clinical trial of its relapsed/refractory B-cell lymphoblastic leukemia treatment, AVA-001, to include enrollment of patients with relapsed/refractory non-Hodgkin lymphoma. AVA-001 is a chimeric antigen receptor (CAR) T-cell (a type of white blood cell) therapy and allogeneic mesenchymal stromal cell (MSC, or connective tissue) therapy, which is designed to improve the body’s capacity to kill cancer cells. Now, the company has completed pre-clinical study and standardized process development for another allogeneic MSC-based cellular therapy candidate, CB-MSC-1. Avalon anticipates initiating a first-in-human clinical trial in patients with acute graft-versus-host disease (aGVHD) and acute respiratory distress syndrome (ARDS) in the fourth quarter of 2020.

MGX Minerals Inc (CSE:XMG) (OTCPINK:MGXMF) released additional metallurgy results from its Heino gold deposit on Thursday morning that showed 94% gold recovery, according to a statement. Located in British Columbia, Heino-Money has had 100 surface holes drilled totaling 7,060 meters and nine underground holes totaling 177 meters. Heino-Money was active between 1981 and 1993 and produced around 5,800 tons of gold and silver ore. According to the firm, a two kilogram sample taken from a 150 kilogram bulk sample and averaging 28.8 grams per ton gold was crushed and put through a gravity concentrator and flotation circuit. The result was a 94.1% total recovery of gold and 5.9% gold reporting to tailings, according to a release.

Nova Royalty Corp (CVE:NOVR) debuted Thursday on the TSX Venture Exchange and secured a $15 million financing facility from major Candian institutional investor Beedie Capital. Nova said it has secured a convertible loan facility of up to $13 million with Beedie Capital to fund acquisitions of new royalties and streams. Beedie also committed to a subscription of $2 million in Nova’s next equity offering in 2020, assuming the offering is at least $10 million and led by a recognized securities dealer. Nova Royalty CEO Alex Tsukernik said: “We are very pleased to have continued support of one of the most highly regarded institutional investors in Canada. Beedie Capital was an early supporter and shareholder of Nova, and we welcome their vote of confidence in our strategy of building a premier royalty company in the building blocks of clean energy – copper and nickel.”

OTC Markets Group Inc (OTCQX:OTCM) is welcoming White Rock Minerals Limited (ASX:WRM) (OTCQX:WRMCF), an Australian exploration and development company, to the OTCQX Best Market. "Cross-trading in the US on the OTCQX Market enables ASX-listed companies to grow liquidity in their home market by helping them to build visibility and provide transparent trading for their investors globally,” said Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group. “As the number of Australian companies traded on the OTCQX Market continues to grow, we look forward to supporting these companies in the U.S. public markets." White Rock’s CEO Matt Gill added that the step was an important part of the company’s strategy to build market awareness of its Alaskan projects in North America.

Nano One Materials Corp (CVE:NNO) (OTC:NNOMF) (FRA:LBMB) announced Thursday that it has refiled third-quarter financial documents after receiving nearly C$6 million from a partner contribution and the exercising of warrants. The company reached what it called milestone one in its project titled, “Scaling Advanced Battery Metals” and received an advanced contribution of C$2.8 million from its partners, including Sustainable Development Technology Canada (SDTC), to fund progress toward milestone two. Additionally, Nano One received aggregate proceeds of more than $3 million from the exercising of 2.1 million warrants and options.

Biocept Inc (NASDAQ:BIOC), a provider of liquid biopsy tests for cancer, said it will present results from a prospective study using its Target Selector testing of the cerebrospinal fluid in patients with non-small lung cancer (NSCLC) at the International Association for the Study of Lung Cancer (IASLC)Virtual Lung Cancer Hot Topic Meeting on October 2 from 2.30pm to 3.30pm EST. "Testing the cerebrospinal fluid of patients for metastases to the central nervous system is a key  component of our oncology testing business," said Michael Nall, CEO of Biocept in a statement. "We are excited that Dr. Berz, a national thought leader in lung malignancies and personalized oncology treatment, will present these results at the IASLC conference which features the latest developments in cancer treatment including liquid biopsy clinical utility." Biocept's patented Target Selector liquid biopsy platform captures and analyzes tumor-associated molecular markers in both circulating tumor cells (CTCs) and in circulating tumor DNA (ctDNA).

Chemesis International Inc (CSE:CSI) (OTCMKTS:CADMF) announced Thursday the initial deployment of its VICKI Artificial Intelligence Self-Checkout solution at Hartsfield-Jackson Atlanta International Airport, the world's most efficient and busiest airport with over 110 million passengers in 2019. In collaboration with Business Traveler Services Inc, Chemesis with its partner ViaTouch Media Inc has launched branded CBD automated retail stores in Concourses A and D. Chemesis’ retail brand Green Spirit Rx, which deploys unattended retail stores, offers consumers CBD products and Personal Protective Equipment (PPE). Green Spirit Rx brings the highest quality, certified brands to market with the ability for consumers to benefit while they are on the go with travel size personal care packages, Vancouver-based Chemesis said.

Phunware Inc (NASDAQ:PHUN) announced Thursday that it has partnered with multifaceted technology company GAIN Innovation in an effort to win government contract bids in Texas. GAIN operates as a certified Texas Historically Underutilized Business (HUB) and Texas Department of Information Resources vendor for State and Local Government and Education (SLED) engagements, the company said. That means they have a direct line to government organizations, a key target demographic for Austin-based Phunware.

Media Central Corporation Inc (CSE:FLYY) is adding to its fleet of affiliate partnerships thanks to a new agreement with leading Canadian shoe company Vessi. Through the partnership, Vessi’s content will be generated by editors at Media Central’s leading publications NOW Magazine and the Georgia Straight and contain in-text links and banner ads that will direct readers back to the footwear brand’s website. Toronto-based Media Central said it saw an “opportunistic partnership” with Vessi thanks to the strength of the Canadian footwear market, which is estimated to be worth around C$8.6 billion.

Milestone Scientific Inc (NYSE American:MLSS), which designs computerized drug delivery instruments that provide painless injections, said on Thursday that the company’s projected sales for the third quarter are likely to jump five-fold in the quarter ended September 30, 2020. In a statement, Milestone Scientific interim CEO Leonard Osser said: “Although we continue to witness the negative impact of the COVID-19 pandemic, I am pleased to report our dental sales have improved considerably. Specifically, dental offices throughout the country and the rest of the world have begun to reopen, as illustrated by the increase in handpiece orders.”  He added: “The dental business has proven quite resilient, illustrating the loyalty of our current users and reinforcing the long-term positive outlook for the business.”

WeedMD Inc (CVE:WMD) (OTCQX:WDDMF) (FRA:4WE) reported its fiscal 2Q results that saw it generate C$5.9 million over the quarter ended June 30, 2020, driven by its new direct-to-consumer model in the adult-use market. The cannabis company is sharpening its focus on higher-margin consumer-directed revenue, which contributed $2.4 million to overall revenue for the quarter. Total cannabis sold came in at nearly 977,000 grams at an average selling price of C$4.96 per gram and a cultivation cost of C$0.55 per gram, as compared to the C$3.76 per gram at C$0.96 cultivation cost it sold for during the same period a year ago.

Essex Minerals Inc (CVE:ESX) (FRA:EWX1) told investors that the first phase drilling at its Cumberland joint venture project in Queensland, Australia had been an "exceptional success", with all six holes hitting favourable geology. The drilling covering 1,248.9 metres (m) confirmed the initial interpretation that the RBZ Structural Zone is a large 3.5 kilometres by 700m wide structural corridor similar in geology to many of the world's major epithermal gold and gold-silver deposits. One hole in the southern part of the zone hit 18.8 grams per ton (g/t) gold and 160.6 g/t silver over 6.4m from 139.5m down hole.

NexTech AR Solutions Corp (OTCQB:NEXCF) (CSE:NTAR) (FRA:N29) revealed that the company’s popular video conferencing and virtual events platform InfernoAR is now eyeing large international and US government agency contract sales. The company recently acquired remote video learning and training platform Jolokia, now InfernoAR, and has its own unique registered Commercial and Government Entity Code, or NCAGE Code for doing business with the US federal government, and NATO’s commercial and government agencies globally. NexTech has also been GSA-approved, which opens the doors to long-term nationwide government contracts. “With our new video and virtual events conferencing capabilities the InfernoAR platform is rapidly winning new business, scaling, and gaining attention from large multinational corporations and US government branches, which we are currently quoting,” said NexTech CEO Evan Gappelberg.

The Valens Company Inc (CVE:VLNS) (OTCQX:VLNCF) (FRA:7LV) announced Thursday the launch of vape cartridges under a custom manufacturing agreement with TREC Brands for its WINK brand premium product portfolio. Valens said the 510 thread cartridges, WINK Onyx and WINK Chalice, are the first set of vape products to be introduced to WINK's carefully curated collection of unique products. The cartridges contain high THC, custom formulations crafted using a broad-spectrum CO2 extraction process, offering consumers terpene-rich cannabis extract, free of carriers and additives, according to a statement. Valens said TREC Brands will donate 10% of profits from all sales of WINK products to community-based initiatives that put the people and planet first.

KULR Technology Group Inc (OTCQB:KULR) announced that it will supply NASA with safe storage solutions for the Microsoft Surface Pro 5 hybrid notebook computers used aboard the International Space Station (ISS). In a statement, the company said it will include a version of its passive propagation resistant Thermal Runaway Shield (TRS) technology in fireproof storage pouches, which are specifically designed to mitigate the risks of lithium-ion battery fires and explosions while accommodating the restrictive dimensions of the Microsoft Surface Pro 5. The safe storage pouches will be used onboard the Orion spacecraft to transport crews to and from the ISS and will be included in a future NASA launch.

Progressive Planet Solutions Inc (CVE:PLAN), the natural pozzolan-focused firm, has announced the closing of its two financings for total gross proceeds of C$304,750. In a brief statement, the firm said 3.15 million non-flow through units were issued under the private placement at C$0.065 each, for gross proceeds of $204,750. Each unit consisted of one share and one half warrant exercisable at C$0.10 per share for 12 months. There were 1.25 million flow-through units issued under the private placement at C$0.08 each for gross proceeds of C$100,000. Each flow through unit consisted of one "flow through" common share and one half warrant exercisable at C$0.10 per share for 12 months. Proceeds for the flow-through units will be used for continued exploration on its 100% owned Heffley Creek Metals and Pozzolan Property in British Columbia. The firm noted that it had originally announced it would offer up to 6.5 million units, but received funds from the exercise of outstanding warrants at 5 cents issued from a prior financing since announcing this financing. Thus, to minimize shareholder dilution, management decided to limit the units sold in the placing.

District Metals Corp (CVE:DMX) (FRA:DFPP) said Thursday it had received “valuable information” about its Tomtebo project through a successful field work program at the Swedish property. The firm told shareholders that it identified strongly altered and mineralized rocks along the southern portion of the historic Tomtebo mine for at least 600 metres, with all rocks within the two Tomtebo open pits appearing to be strongly altered with sulphide mineralization occurrences. Mineralization seen at the Tomtebo open pits confirms the location as proximal feeder zones, according to the company.

American Resources Corporation (NASDAQ:AREC) announced Thursday that it has won the National Mining Association's 2019 Sentinels of Safety Award, which is widely considered mining's most prestigious safety award. NMA's Sentinels of Safety Award recognizes mineral mining operations in various categories for recording the most hours in a calendar year without a single lost-time injury. A minimum of 4,000 hours is required for award consideration. American Resources said it received the award for its underground, room and pillar carbon mining operation in Letcher County, Kentucky.

Melkior Resources Inc (CVE:MKR), the junior metals explorer, said the Toronto venture exchange had accepted for filing documentation about the private placing announced in May, July and August, which consists of 1.25 million shares priced  at C$0.80 each. There are also 1.25 million share purchase warrants to buy 1.25 million shares for C$1.20 for two years.

Black Iron Inc (TSE:BKI) (OTCMKTS:BKIRF) (FRA:BIN) has updated on its quest to get its giant Shymanivske iron ore project in Ukraine financed and built, saying it had set a deadline of October 9 for expressions of interest on an offtake deal. Steel mills and global traders can secure the right to purchase the group's initial entire expected annual production of 4 million tonnes of pellet feed, in exchange for making a "substantial investment" towards the cost of construction, the group said in a statement. Upon a review of the expressions received, those who submit the most compelling investment and offtake proposals will be invited to participate in a second round of due diligence, added Black Iron. "Upon completion of the second round, targeted for mid-Q1 2021, binding submissions to invest and secure offtake rights will be sought."

Arizona Silver Exploration Inc (CVE:AZS) (OTCMKTS:AZASF) says that all of the 3,413,809 warrants granted under its January 2020 private placement at C$0.15 that were subject to acceleration with an early expiration date of September 30, 2020 were exercised for a value of C$512,071.35. Directors and officers participated for C$137,900. The company says management's participation in the warrant exercise is indicative of their continued commitment and support. Management now owns and controls 30% of the outstanding shares in the Vancouver-based company.

Thunderbird Entertainment Group Inc (CVE:TBRD) (OTCMKTS:THBRF) will hold a conference call and webcast to share the company's fourth quarter and fiscal 2020 financial results on October 15, at 11am PT. During the call, CEO Jennifer Twiner McCarron will provide a corporate update and strategic overview. CFO Barb Harwood will present the financial statements. A short question and answer period will take place after the prepared remarks. The conference call will be available via a live webcast. To access the live webcast or a replay, visit the event's page on the company's investor relations website. Investors can access a replay of the teleconference at 1-416-621-4642 or toll-free at 1-800-585-8367 two hours after the call's completion. The Conference ID is 9649827. The teleconference replay will be available through October 29.

Helix BioPharma Corp (TSE:HBP) said it had extended the closing date of the divesture of its Polish subsidiary Helix Immuno-Oncology SA to October 30. The biopharmaceutical company said that due to coronavirus-related delays, the approval of the fund by Financial Market Authority in Liechtenstein to raise a minimum PLN7,300,000 was only recently been granted. CAIAC Fund Management AG, in its capacity as the designated trustee of an alternative investment fund is purchasing Helix's remaining holdings in the subsidiary for gross proceeds of up to PLN6,700,000, or C$2,300,000.

International Land Alliance Inc (OTCQB: ILAL) has engaged p2klabs, a CleanSpark Inc (NASDAQ:CLSK) company, for marketing, branding, and design services. p2klabs will help update the corporate website, sales and marketing materials, as well as improving some of the property technology (PropTech) software applications which will make shopping for and purchasing land and homes in Baja California, Mexico even easier.



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 Media Central Corporation named herein, including the promotion by the Company of Media Central Corporation in any Content on the Site, the...


Purepoint Uranium Group sees great opportunity as they look to develop in...

Purepoint Uranium Group (CVE: PTU) President and CEO Chris Frostad joined Steve Darling from Proactive to shared details about the company that is focused on the exploration of its projects in the Canadian Athabasca Basin, the world’s richest uranium region. Frostad telling Proactive about...

8 hours, 28 minutes ago

16 min read