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NA Proactive news snapshot: Great Bear Resources, CleanSpark, Milestone Scientific, RideShare Rental UPDATE …

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

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Your daily round-up from the world of Proactive

Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) reported results Wednesday from seven additional drill holes at its Dixie project in the Red Lake district of Ontario. The new results cover 200 metres of strike length on seven drill sections as part of the company's $25 million fully funded 2021 exploration effort. New shallow high-grade drill results between bedrock surface and approximately 70 vertical metres depth include 10 grams per ton of gold over 34.9 metres.

CleanSpark Inc (NASDAQ:CLSK) announced Wednesday that it has produced just over 56 Bitcoins in the last 40 days since its acquisition of ATL Data Centers LLC last month. And mining revenue thus far for fiscal year 2021 has exceeded $1.6 million based on the daily price of Bitcoin on the date they were mined, the company said in a statement. As of the end of business on January 19, CleanSpark said it continues to hold about 31 of the 56 Bitcoins it has mined. 

Milestone Scientific Inc (NYSEAMERICAN:MLSS) announced that it has received a Notice of Allowance from the US Patent and Trademark Office (USPTO) for a patent relating to the disposable component of company’s CompuFlo Instrument. The CompuFlo Epidural Instrument, which is used for epidural injections, has a 99% success in locating the epidural space on the first attempt.

 

 

RideShare Rental Inc (OTCMKTS:YAYO), acting through its wholly-owned subsidiary Rideshare Car Rentals LLC, is moving its headquarters to a larger facility in the Los Angeles area. Company operations will be moving from its current location Hollywood to Beverly Hills. The new office space will significantly expand its operational square footage, which will facilitate its rapid growth strategy. RideShare, formerly YayYo Inc, said the new site will include four service bays, which will allow it to service its own vehicles on-site. Since vehicle maintenance is one of the company's top three expenses, the savings it will realize from on-site maintenance will immediately improve profit margins. The facility can also accommodate up to 75 vehicles, which will help, given the company’s expansion into electric vehicles. Up to 15 charging stations will be on-site.

Gevo Inc (NASDAQ:GEVO) revealed that it has struck definitive agreements with institutional and accredited investors for the sale of around 43.75 million shares through a registered direct offering to raise gross proceeds of $350 million to fund projects and as working capital. The Englewood, Colorado-based company said it entered into the agreements with institutional and accredited investors for the sale of 43,750,000 shares at a purchase price of $8 per share in a registered direct offering priced at-the-market under Nasdaq rules. The offering is expected to close on or about January 22, 2020, 

NEXE Innovations Inc (CVE:NEXE) (OTCMKTS:NEXNF) (FRA:NX5), a leader in plant-based compostable technology and advanced materials innovation, announced the expansion of its research, development and manufacturing facility in Surrey, British Columbia. In a statement, the Vancouver-based company said it will be doubling its footprint from its existing about 10,000 square foot to around 20,000 square foot. The expansion will include increased space for laboratories, factory floor and offices. "Our company is poised for immediate growth in production capacity, research activity, and personnel," said NEXE Innovations CEO Darren Footz. 

Cabral Gold Inc (CVE:CBR) (OTCPINK:CBGZF) (FRA:C3J) announced that it has identified what it called a “compelling” new drill target at Indio within the company’s Cuiú Cuiú gold district project in Brazil. Cabral noted that reconnaissance surface sampling at the Indio target returned gold values from quartz-sulphide float material of up to 137.8 grams per tonne (g/t) gold.  

Broker Canaccord Genuity has hiked its price target on Neo Lithium Corp (CVE:NLC) (OTCQX:NTTHF) (FRA:NE2) to C$4.20 from C$3.40 previously following news the company had improved the purity of the battery-grade lithium carbonate produced at its pilot plant. The company, which is advancing its 3Q project in Argentina, said on Tuesday that the carbonate now met worldwide premium specifications and was very close to electric vehicle (EV) battery giant and its 8% shareholder Contemporary Amperex Technology Co Ltd's (CATL) high standards. Canaccord rates the stock a 'Speculative Buy'.

Melkior Resources Inc (CVE:MKR) (OTCMKTS:MKRIF) announced Wednesday that it has received preliminary data from its induced polarization (IP) survey and high-resolution magnetic survey on its Val-d’Or property. The surveys, completed in December 2020, consisted of around 13.9 line-kilometres along the western extension of the Brunell showing, which is around 250 metres from the property. The showing is on strike with three other gold showings on the same structural trend that are being developed by Eldorado Gold, Melkior told investors. Results from the survey will help Melkior define its targets for an upcoming drill program.

Mind Medicine (MindMed) Inc (NEO:MMED) (OTCQB:MMEDF) (FRA:MMQ) announced Wednesday the start of the first-ever clinical trial measuring and evaluating MDMA and LSD used in combination in the human body. The trial will be conducted at the University Hospital Basel Liechti Lab in Basel, Switzerland. If administered in combination with LSD, MindMed said that MDMA may increase positive subjective drug effects, including positive mood and empathy, and reduce the negative emotions and anxiety that are sometimes associated with LSD - producing an overall more positive experience.

Ridgeline Minerals Corp (CVE:RDG) (OTCMKTS:RDGMF) (FRA:0GC0) said it had expanded its previously announced silver-gold discovery via drilling at the Selena project in White Pine County, Nevada. Wide-spaced drilling has now defined a footprint that outcrops at surface and continues down-dip and along strike for over one kilometer (km), the firm said.

Nextech AR Solutions Corp (OTCQB:NEXCF) (NEO:NTAR) (FRA:N29) announced Wednesday that Microsoft’s Azure cloud services platform will be offered across its virtual experience platforms and consumer apps going forward. Adding Azure allows NexTech to offer hyper-scalable, secure and immersive cloud-based events and applications for users, the company said. Events across the education, hospitality, health and professional services industries will be able to accommodate a 20X increase in concurrent users with Azure in the mix.

QC Copper and Gold Inc (CVE:QCCU) (OTCMKTS:QCCUF) announced that its 20,000-metres (m) drill program at the Opemiska Copper Mining Complex in Quebec is scheduled to start on January 25. The company said the drill program comprises 75 drill holes distributed between the Opemiska Project's Springer and Perry mines to delineate a near-surface, in-pit mineral resource. QC Copper also noted that it has hired professional geologist Denis McNichol, who has 30 years of geological and geophysical exploration experience primarily in the Abitibi, to lead the diamond drilling program. 

NEXE Innovations Inc (CVE:NEXE) (OTCMKTS:NEXNF) (FRA:NX5), a leader in plant-based compostable technology and advanced materials innovation, on Wednesday announced the expansion of its research, development and manufacturing facility in Surrey, British Columbia. In a statement, the Vancouver-based company said it will be doubling its footprint from its existing about 10,000 square foot to around 20,000 square foot. The expansion will include increased space for laboratories, factory floor and offices. "Our company is poised for immediate growth in production capacity, research activity, and personnel," said NEXE Innovations CEO Darren Footz. 

Victory Square Technologies Inc (CSE:VST) (OTCMKTS:VSQTF) (FRA:6F6) announced Wednesday that its portfolio company Immersive Tech has launched a premiere new Location-Based Entertainment (LBE) VR attractions division named UNCONTAINED. Victory Square said the new division will capitalize on the growing demand for COVID-safe attractions, and UNCONTAINED will be the world’s first free-roam interactive virtual reality (VR) franchise attraction built for a COVID-world within shipping containers. The experience will allow for up to six players to roam freely within the container while interacting inside a digital environment as a team while making decisions that help guide and define the story.

First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) (FRA:FMG) has reported a positive pre-feasibility study (PFS) for its Springpole gold project in Ontario, marking a major milestone in the development of the asset, which is one of the largest undeveloped open pit projects in Canada. The study envisages recovering gold and silver from a 30,000 tonne-per-day (tpd) operation, with a process plant, which includes crushing, grinding and flotation.

The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) provided a corporate update on Tuesday showing that it has become one of the lowest-cost cannabis platforms following realignment of its inventory to drive growth in 2021. In the update, the Kelowna, British Columbia-based manufacturer of cannabis derivative products, said that after analyzing Canadian cannabis market trends, it made the strategic decision to liquidate the majority of its cannabis oil inventories at market-clearing prices in the fourth quarter of 2020. The company said this decision led to a related one-time financial statement impact in the fourth quarter of 2020 between $9 million to $10 million, including a $2.9 million to $3.2 million loss from the sale of bulk cannabis oil, an inventory write-down of $4.7 million to $4.9 million, and a provision on previously entered biomass commitments of $1.4 million to $1.9 million.

Mountain Valley MD Holdings Inc (CSE:MVMD) (OTCMKTS:MVMDF) (FRA:20MP) has filed a patent to protect its Porous Aluminum Nano-Structured Adjuvant (PANA) process for vaccine dose sparing, which allows a vaccine to be delivered at a fraction of its normal dose without losing potency. The PANA patent includes a novel adjuvant that was created to be fully compatible with current vaccine manufacturing methods. Adjuvants are pharmacological or immunological agents that improve the immune response of a vaccine, the company said, enabling vaccines to produce more antibodies and achieve longer-lasting immunity, thus allowing for lower dosage.

RideShare Rental Inc (OTCMKTS:YAYO), acting through its wholly-owned subsidiary Rideshare Car Rentals LLC, is moving its headquarters to a larger facility in the Los Angeles area. Company operations will be moving from its current location Hollywood to Beverly Hills. The new office space will significantly expand its operational square footage, which will facilitate its rapid growth strategy. RideShare, formerly YayYo Inc, said the new site will include four service bays, which will allow it to service its own vehicles on-site. Since vehicle maintenance is one of the company's top three expenses, the savings it will realize from on-site maintenance will immediately improve profit margins. 

Gevo Inc (NASDAQ:GEVO) revealed on Wednesday that it has struck definitive agreements with institutional and accredited investors for the sale of around 43.75 million shares through a registered direct offering to raise gross proceeds of $350 million to fund projects and as working capital. In a statement, the Englewood, Colorado-based company said it entered into the agreements with institutional and accredited investors for the sale of 43,750,000 shares at a purchase price of $8 per share in a registered direct offering priced at-the-market under Nasdaq rules. The offering is expected to close on or about January 22, 2020, subject to the satisfaction of customary closing conditions.

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) (FRA:20Q) told investors that its on-going mobile MT (MMT) geophysical survey at its flagship lost Cities - Cutucu project in south-eastern Ecuador had identified the likely centre of the iron oxide copper gold (IOCG) system at the property.  A total of 1,891 metres (m) were drilled at the so-called Tsenken N2 and N3 targets, while the geophysical survey identified two closely - spaced features that are likely to be the sulphide-rich centres of the target area, around 1.5 kilometres (km) to the north of the drilling area, the company said.

Tocvan Ventures Corp (CSE:TOC) (FRA:TV3) said Wednesday that experienced mining industry executive Rodrigo Calles-Montijo will join its board of directors and the group's management team as exploration and corporate development manager, responsible for Mexico. The geologist has over 30 years' experience and he has worked for the likes of Rio Tinto (LON:RIO) and SRK Consulting. He has also acted as an independent consultant. Tocvan is advancing its Pilar gold-silver project in Sonora state in Mexico and Calles-Montijo has been an "integral" part to the success of operations there so far, noted the company.

Bragg Gaming Group (CVE:BRAG) (OTCMKTS:BRGGF) said it has satisfied its earn-out payment obligations owed to K.A.V.O. Holdings Limited. Immediately prior to the completion of the transaction, Matevž Mazij had beneficial ownership of and exercised control or direction over 1.49% of the issued and outstanding Bragg common shares. Following completion, Mazij will become a "control person" of the company and exercise control or direction over 27.02% of the outstanding common shares on a non-diluted basis. The transaction is subject to final approval by the TSX Venture Exchange, and issued to satisfy the second earn-out payment will be subject to a statutory 4-month hold period. “We’re pleased that Matevž has demonstrated such strong conviction in Bragg’s future,” said Adam Arviv, CEO of Bragg Gaming. “His unparalleled knowledge of gaming technology and content will be invaluable to Bragg as we continue our global expansion.” Mazij added:  “I’m excited to continue to play a role in Bragg’s growth. With our market-leading technology and strong pipeline, I’m confident that the Company is on track to be a leader in the rapidly expanding global gaming market.”

Highgold Mining Inc (CVE:HIGH) said the TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on December 15, 2020, which will see the issue of 1.85 million flow-through shares at a purchase price of $2 per flow-through share with 17 placees.

Goldcore Resources Ltd (CVE:GEM) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on October 27, 2020, and December 15, 2020, which will see the issue of 15 million shares at a purchase price of 10 cents per share, together with 15 million share purchase warrants with an exercise price of 20 cents for a two-year period, with 59 placees.

DGTL Holdings Inc. (CVE:DGTL) (OTCQB:DGTHF) (FRA:A2QB0L) announced that it has completed the previously announced non-brokered private placement financing which saw the issue of 2,272,727 common shares at a price of $0.44 per share, for aggregate gross proceeds of $1,000,000. All of the securities issuable in connection with the offering will be subject to a hold period expiring four months and one day after date of issuance, in accordance with Canadian securities laws. The offering has received the conditional approval of the TSX Venture Exchange and remains subject to final approval by the TSX Venture Exchange.

Golden Arrow Resources Corporation (CVE:GRG) (FRA:G6A) (OTCQB:GARWF) said it has made an application to the TSX Venture Exchange to extend the term of 15,804,012 outstanding warrants as follows: 11,051,611 warrants that are set to expire on February 25, 2021, 1,290,367 warrants that are set to expire on March 5, 2021 and 3,462,034 warrants that are set to expire on March 21, 2021 to be extended to February 25, 2023, March 5, 2023 and March 21, 2023 respectively. These warrants were originally issued as part of the units under a single private placement completed by the company in three tranches on February 25, 2019, March 5, 2019 and March 21, 2019 respectively. The exercise price of the warrants will remain at $0.40.  Each whole warrant, when exercised, will be exchangeable for one common share of the company. Golden Arrow also announced that it has granted 4,655,000 incentive stock options to directors, officers, employees and consultants of the company. The options are set for a period of five years, expiring on January 19, 2026, and each option will allow the holder to purchase a common share of the company at a price of $0.25. The options are subject to a 4 month hold period from the date of grant and TSXV approval.

Algernon Pharmaceuticals Inc (CVE:AGN) has confirmed that its warrants will expire on January 21, 2021. Trading in the warrants will be halted at noon and they will be delisted at the market close on January 21.

IEC Electronics Corp. (NASDAQ:IEC) has announced that it will host a conference call on Wednesday, February 3, 2021, at 10.00am Eastern Time, to discuss its financial results for the fiscal first quarter of 2021, ended December 31, 2020. The conference call may be accessed in the US and Canada by dialing toll-free (877) 407-9210. International callers may access the call by dialing (201) 689-8049. A replay of the teleconference will be available for 30 days after the call and may be accessed domestically by dialing (877) 481-4010 and international callers may dial (919) 882-2331. Callers must enter conference ID: 39521. To access the live webcast, log onto the IEC website at: http://www.iec-electronics.com. The webcast can also be accessed at: https://www.webcaster4.com/Webcast/Page/2149/39521. An online replay will be available shortly after the call.

Lingo Media Corporation (CVE:LM) (OTCQB:LMDCF) (FSE:LIMA) says subsidiary ELL Technologies will be presenting at the LAAAA, LATAM Accreditation Association www.latam-aa.org virtual conference event on January 23 and 24. The virtual event offers teachers, coordinators, and directors involved in language teaching an opportunity to engage in professional development by way of a unique and highly relevant international conference, focusing on the latest research, practical insights for the face to face and virtual classroom, and a vision for the future of language education.ELL Technology will present as part of the keynote speaker event "Building Community and Connection in Our Online Learning Spaces"

Gevo Inc (NASDAQ:GEVO) announced that the live webcast fireside chat with Water Tower Research involving Gevo CEO Dr. Patrick Gruber has been rescheduled and will now take place on Monday, January 25, 2021 at 3:00 pm EST. The topic will be the concept of Net-Zero Projects to produce energy-dense liquid hydrocarbons using renewable energy and Gevo’s proprietary technology. The concept of a Net-Zero Project is to convert renewable energy (photosynthesis, wind, renewable natural gas, biogas) from a variety of sources into energy-dense liquid hydrocarbons. Investors and other persons interested in participating in the event must register using the link below. Please note that registration for the live event is limited but may be accessed at any time for replay after the presentation ends on January 21, 2021, utilizing the same registration link: https://globalmeet.webcasts.com/starthere.jsp?ei=1422180&tp_key=68f3ef73e7

Bragg Gaming Group Inc (CVE:BRAG) (OTCMKTS:BRGGF) announced that it has amended the agreement related to its acquisition of Oryx Gaming so that the second earnout payment, forming part of the agreement for 22 million euros (approximately $34,289,200), will be satisfied by the company via the issuance of 47 million common shares to the vendor at a deemed value of $0.73 per share.

Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLUF) (FRA:CCY) revealed that Bharat Parashar, chairman and CEO , and Sasha Jacob, founder and strategic advisor of the company, will be speaking at an investor webinar hosted by New York based O&M Partners on Thursday, January 21 this year at 4.05pm ET. "I encourage existing and potential investors to participate in this interactive meeting so that they may have the opportunity to learn more about the unique investment opportunity Ceylon Graphite presents. Graphite is the “New Oil” and currently impacts our daily lives in many ways. It will become even more important in the years to come as electric vehicles and energy storage gain further adoption," said Parashar in a brief statement. To register click HERE.

The company also said it will be presenting virtually at the Global Chinese Financial Forum - Virtual Base Metals and Energy Metals Day on February 3, 2021 and the Mines and Money Online Global Conference taking place March 23 to 25 this year.

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