leadf
logo-loader

NA Proactive news snapshot: Empower Clinics, RideShare Rental, Kintara Therapeutics, Numinus Wellness 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

Empower Clinics Inc (CSE:CBDT) (OTCQB:EPWCF) (FRA:8EC) announced Thursday that it is expanding its KAI Medical Laboratory in Dallas, Texas in anticipation of projected growth in COVID-19 testing requirements in the US, Canada and overseas. The company plans to expand the diagnostics laboratory to roughly double its current size. Empower also announced that it filed a Medical Device Establishment Licence with Health Canada in order to import, distribute and sell its KAI Medical COVID-19 Saliva Test. 

RideShare Rental Inc (OTCMKT:YAYO), formerly YayYo Inc, a provider of vehicles to the rideshare and delivery gig economy, announced that ACME Auto Leasing LLC has increased its line of credit to the company’s subsidiary Rideshare Car Rentals LLC by $2 million. The bulk of the funds will be allocated towards the purchase of electric vehicles to launch RSR's electric vehicle strategy for the rideshare space.

Dawson James Securities on Thursday issued a Buy rating on Kintara Therapeutics Inc (NASDAQ:KTRA), noting that the company’s drug VAL-083 has a notable status in a major brain-cancer study. In the 800-patient study by the Global Coalition for Adaptive Research, the analyst firm noted that “Kintara’s VAL-083 is the only compound in the study that is going to be evaluated in all three major cancer types" -- newly diagnosed unmethylated (NDUM), recurrent glioblastoma (GBM), and newly diagnosed methylated MGMT. Two other drug-makers will participate in the study, also called the GCAR Adaptive Study, which will split patients into three arms. Again, “each company will evaluate their respective therapeutic, but only VAL-083 will be evaluated in three active arms,” analyst Jason Kolbert wrote.

Numinus Wellness Inc (CVE:NUMI) announced that its common share purchase warrants will begin trading on the TSX Venture Exchange effective at the opening on Monday, January 25, 2021. The warrants were issued pursuant to a recent financing undertaken by Numinus Wellness, in which each warrant entitles the holder to purchase one common share of Numinus Wellness at a price of $0.90 per share and will expire on December 29, 2022.

GR Silver Mining Ltd. (CVE:GRSL) (FRA:GPE) (OTCQB:GRSLF) has announced the appointment of Dr Honza Catchpole as its VP Exploration effective January 20, 2021. The group noted that Dr Catchpole has extensive experience working in Mexico, USA, Canada, Andean South America and Europe, mainly with porphyry Cu, skarn (Zn-Pb-Ag-Cu), epithermal precious (Au-Ag) and base metal (Ag-Zn-Pb-Cu) deposits.  He has worked in project generation, exploration and project evaluation of precious metal and porphyry Cu projects for Teck Resources Limited, Vale Exploration Canada and Sumitomo Metal Mining Canada.

Phunware Inc (NASDAQ:PHUN) (FRA:2RJ) announced Thursday its 2021 roadmap for the commercial launch of its blockchain-enabled Customer Data Platform (CDP) and Mobile Loyalty Ecosystem. The company said its Multiscreen-as-a-Service (MaaS) CDP is a cloud-based, proprietary algorithm-enabled solution that aggregates and organizes customer data across a variety of touchpoints in real-time to create persistent and unified customer databases. In tandem, its MaaS Mobile Loyalty Ecosystem seamlessly integrates Phunware’s MaaS Mobile Engagement and MaaS Location Based Services (LBS) software to enable one-to-one consumer interactions that drive profitable behavior and further enrich these customer databases

VanadiumCorp Resource Inc (CVE:VRB) (OTCBB:APAFF) announced Thursday that geoscientist Paul McGuigan has joined its board of directors and its management team as vice president of business development. The company noted that McGuigan’s board appointment and new VP role comes at an unprecedented time of growth within the commercial development plans for VanadiumCorp’s green technologies to recover vanadium supply sustainably from many global sources. McGuigan is a professional geoscientist registered with the Association of Engineers and Geoscientists of the Province of British Columbia with 45 years of international experience in mineral exploration, deposit evaluation, mine operations, and corporate governance.

Deep-South Resources Inc. (CVE:DSM) said it has closed a previously announced non-brokered private placement for an amount of $4,601,211. The funds will be used to further exploration and development of the Haib Copper project in Namibia and for general working capital. The offering comprised 30,674,739 units of Deep-South at a subscription price of $0.15 per unit

American Resources Corporation (NASDAQ:AREC) reported that it has signed exclusive technology license agreements with Penn State University’s Department of Energy and Mineral Engineering to implement Penn State's intellectual property and technologies that separate and extract pre-concentrate critical and rare earth minerals from carbon-based resources, which will be provided by the company. American Resources noted that the licensed technologies and efforts will be incorporated in the company's process chain, in order to enable a low-cost extraction, processing and purification of rare earth oxides while hopefully improving its environmental and commercial applications.

American Manganese Inc (CVE:AMY) announced Thursday that its specialized cathode reactor is being prepared to produce its first test batch of cathode-precursor materials. The company acquired the specialized reactor for cathode-precursor production, which is a valuable input for lithium-ion battery manufacturing. The reactor is capable of producing modern cathode materials such as lithium-nickel-manganese-cobalt oxide (NMC) and lithium-nickel-cobalt-aluminum oxide (NCA), both of which are commonly used in electric vehicle (EV) batteries. To achieve the modern cathode material's high-quality standards and to ensure testing conditions are not contaminated, American Manganese said it has prepared a specialized and controlled testing area for the reactor.

Cardiol Therapeutics Inc (TSE:CRDL) (OTCQX:CRTPF) announced Thursday it had formed two committees for its Phase II/III trial examining the efficacy of CardiolRx in high-risk coronavirus (COVID-19) patients. The Oakville, Ontario-based company said that the Data Safety Monitoring Committee (DSMC) and the Clinical Endpoint Committee (CEC) will be involved in the ongoing trial, which looks at 422 patients hospitalized with COVID-19 at clinics throughout the US. CardiolRx is a pharmaceutically produced oral cannabidiol formulation that could be a cardioprotective therapy to reduce mortality and major cardiovascular events in COVID-19 patients either diagnosed or at risk of cardiovascular disease, and to investigate the influence CardiolRx has on key markers of inflammatory heart disease.

Silvercorp Metals Inc (NYSEAMERICAN:SVM) (TSE:SVM) (FRA:S9Y) said it has added to its portfolio in China by successfully bidding for the exploration rights at the Zhonghe Silver project via an online auction, offering RMB 495 million, or around US$76 million. The project covers an area of nearly five square kilometres (sq km) and lies around 75 kilometres (km) by road northeast from the firm's producing Ying project, which is also in Luoning County, Henan Province. Silvercorp told investors that the silver-lead-zinc mineralization at Zhonghe was similar to that found at its SGX mine, one of the six mines that make up the group's flagship Ying project.

HempFusion Wellness Inc (TSX:CBD.U) (FRA:8OO) said on Thursday that it has struck a big distribution agreement with Fullscript.com, a leading e-commerce platform that allows health professionals to dispense professional-grade natural health products. Fullscript, an online dispensary designed by Healthy Web Inc, provides nutritional supplements to over 80,000 practitioners and over 600,000 patients across the US and Canada.   Denver, Colorado-based HempFusion said the agreement signifies the health and wellness CBD company’s “strategic launch into the doctor practitioner sales channel.” 

HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) has released new drill assays from its Johnson Track (JT) deposit in Alaska, which underline the potential to expand the resource there. The assays come from last year's program for 16,418 metres (m) in 32 holes and show the up-plunge extents of the deposit and also the continuity of the deeper Footwall Copper-Silver Zone (FCZ).

Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) announced Thursday it is collaborating with virtual-care company Hippo Technologies Inc to connect global surgeons and healthcare providers with vital medical networks and virtual care services with the Vuzix M400 and M4000 Smart Glasses. Vuzix said Hippo Virtual Care is an interoperable platform connecting enterprise systems, databases, Internet of Things (IOT) devices, wearables and technologies together to bridge the gap between physical care and virtual care. 

Nano One Materials Corp (CVE:NNO) (OTCPINK:NNOMF) (FRA:LBMB) is taking its patented One Pot cathode materials production process to Chile after the company’s project proposal with Associated Universities Inc (AUI) was selected by the Chilean Clean Technology Institute (Instituto Chileno de Tecnologías Limpias or ICTL). Nano One and AUI submitted their proposal to make nickel-rich cathodes using Chilean lithium carbonate back in March.  AUI was announced as the winning bid by the Corporación de Fomento de la Producción de Chile (CORFO) Council on January 4 to build, manage and operate the Institute. 

Duos Technologies Group Inc (NASDAQ:DUOT) said on Thursday that it has appointed rail industry veteran Edmond L Harris to the company’s board, as it focuses on driving long-term partnerships and agreements with some of the industry's largest and most influential players. The Jacksonville, Florida-based company said Harris was elected to the company’s board at the annual meeting of shareholders held on November 19, 2020.  Harris will serve as the chairman of the company's Nominating and Governance Committees and will also take a position as a member of the Audit Committee. “With this change and others previously disclosed, the Duos board composition remains at five total directors, four of whom are independent,” said the company.

CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) has appointed Darla Lanphear as its head of sales for Canada, Mexico and the US, it announced Thursday. Lanphear has 23 years of experience as a regional sales manager for the greenhouse, shade, shelter and playground industries, most previously responsible for East Coast territory sales at Paul Boers Manufacturing. CO2 Gro’s vice president sales and strategic alliances Aaron Archibald told investors that Lanphear’s appointment will allow the Toronto-based company to focus on increasing opportunities to partner with marketing partners in the region.

Gatling Exploration Inc (CVE:GTR) (OTCQB:GATGF) announced that it has formed a technical advisory board to accelerate the advancement of the company’s Larder gold project in Ontario. The company said its first advisory board appointee, Darin Wagner, is a highly-regarded senior executive in the mining sector, with an impressive track record of corporate development and M&A. 

Medexus Pharmaceuticals Inc (CVE:MDP) (OTCQX:MEDXF) (FRA:P731), the specialty pharmaceutical company, said Thursday it had applied to list on the Nasdaq index in a bid to gain greater exposure within the US investment community as it executes on key upcoming financial and operational milestones.  "We believe we now meet the initial listing requirements, which reflects the success of our ongoing efforts to create a highly scalable business platform with a diversified and growing product portfolio across North America," said Ken d’Entremont, the chief executive of Medexus.

Phunware Inc (NASDAQ:PHUN) (FRA:2RJ) announced Thursday its 2021 roadmap for the commercial launch of its blockchain-enabled Customer Data Platform (CDP) and Mobile Loyalty Ecosystem. The company said its Multiscreen-as-a-Service (MaaS) CDP is a cloud-based, proprietary algorithm-enabled solution that aggregates and organizes customer data across a variety of touchpoints in real-time to create persistent and unified customer databases. 

Versus Systems Inc (NASDAQ:VS) (CSE:VS) (FRA:BMVB) announced Thursday that it has closed an upsized public offering that raised more than US$11 million. In a statement, the company said it intends to use the net proceeds to repay indebtedness in the principal amount of US$250,000 and the balance for working capital and general corporate purposes, including marketing and sales expenses, the costs and expenses of the continuing development of Versus’ prizing and rewards platform, and salaries and wages. The offering began with 1,280,000 units but the underwriter exercised in full its over-allotment option to purchase an additional 192,000 common shares at US$7.50 each for gross proceeds of US$11,040,000, before deducting underwriting discounts and commissions and other offering expenses payable by Versus.

Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) (FRA:M8R) and partner Silver Sands Resources (CSE:SAND) have posted assays from diamond drilling at the Virginia project in Argentina, which show the potential to expand the current resource area. The assays come from six holes for 903 metres (m) or 32% of the 2,831 m Phase I exploration program, which was completed in the fourth quarter last year. Results included 33.5m at a grade of 198 grams per ton (g/t) silver, with a higher-grade section of 17.7m grading 313 g/t silver in one hole at the Martina target. At the Ely Central target, another hole returned a 12m intercept of 184 g/t silver, which included a higher-grade intersection of 4.5m at 442 g/t silver.

BetterLife Pharma Inc (CSE:BETR) (OTCQB:BETRF) (FRA:NPAU) has chosen Equilab International as the contract research organization (CRO) to manage upcoming clinical trials of its proprietary formulation of Interferon alpha2b (AP-003) in mild to moderate cases of the coronavirus (COVID-19).  The Vancouver-based company believes that its inhaled IFN-α2b, AP-003, could lessen the severity and duration of COVID-19 and decrease the need for hospital admissions.  Equilab, based in Jakarta, is an internationally recognized CRO with a strong team of clinical and analytical researchers that have already conducted clinical trials in COVID-19 patients, the company said. BetterLife and Equilab will conduct the placebo-controlled blinded trials at Equilab’s 75-bed clinical facility. 

O3 Mining Inc (CVE:OIII) (OTCMKTS:OQMGF), the Quebec-focused exploration project consolidator, outlined Thursday its plans for 2021, which includes a 150,000 metre (m) drill campaign on its Alpha and Marban projects, and to initiate a pre-feasibility study (PFS) on the latter. Last summer, the group kicked off a 150,000m drilling program on its projects in Val-d'Or and this will continue through 2021. 

Esports Entertainment Group, Inc. (NASDAQ:GMBL), an esports entertainment and online gambling operator has announced the closing of its previously announced acquisition of Esports Gaming League (EGL). "EGL is a great addition to our growing operations and further strengthens our ability to execute on our three-pillar strategy,” commented Grant Johnson, CEO of Esports Entertainment in a statement. “EGL technology underpins the esports programs for some of the world’s best-known sports franchises, including the LA Kings, Philadelphia Eagles, and Arsenal Football Club. We plan to build on this strong foundation moving forward, driving near-term revenue growth and long-term shareholder value improvement,” he added. 

Progressive Planet Solutions Inc. (CVE:PLAN) said it has closed its non-brokered private placement financing comprising of 7,500,000 units, at $0.10 per unit, for total gross proceeds of $750,000.  Each such unit will consist of one share and one share purchase warrant entitling the holder to purchase an additional share in the company for $0.15 per share if exercised on or before January 20, 2023. The proceeds of the private placement will be used for general working capital. All securities issued under the financing will be subject to a statutory four-month hold period and securities will bear legends restricting resale until May 21, 2021.

Contakt World LLC, a technology and media company modernizing public health and safety, said it has received two AVA Digital Gold Awards in the categories of Audio Production – PSA and Audio Production – Podcast Series. The AVA Digital Awards is an international competition that recognizes excellence by creative professionals responsible for the concept, direction, design and production of media that is a part of digital communication. Work ranges from audio and video productions – to websites and social media sites that present interactive components such as video, animation, blogs, and podcasts – to other forms of user-generated digital communication. “We are honored to be recognized by the AVA Digital Awards for our podcast, especially after only a few episodes,” said Justin Beck, CEO of Contakt World and host of the Contakt World: Truth in Health podcast. “It’s a true passion project that started with our Chief Innovation Officer Deepti Pahwa’s goal of getting people thinking, talking and facing the true human impact the pandemic has had on all of us. The podcast wouldn’t be possible without our co-producers at iHeartRadio, who have been tremendous partners in this process to help create a well-respected and award-winning podcast, and our co-hosts Deepti Pahwa and Catherine Delcin."

Nova Royalty Corp (CVE:NOVR) said the TSX Venture Exchange has accepted for filing documentation relating to several purchase agreements between the company and several arm's-length parties, whereby the company has acquired a combined, existing 0.24% net smelter return (NSR) royalty interest on the Taca Taca copper-gold-molybdenum project, located in Salta province of Argentina and wholly-owned by First Quantum Minerals Ltd. The aggregate purchase price for the NSR royalties includes an upfront cash payment of US$8.5 million and the issuance of two million common shares of the company on closing. Additional cash payments: US$500,000  due six months after closing; US$1 million due 12 months after closing; and US$500,000 due 24 months after closing.

Bragg Gaming Group Inc (CVE:BRAG) said the TSX Venture Exchange has accepted for filing documentation relating to an amendment to a securities purchase agreement dated September 29, 2020, between the company and non-arm's-length parties, KAVO Holdings Ltd. and Matevz Mazij, under which it acquired the securities of Oryx Gaming International LLC. Under the amendment, the second earn-out payment, forming part of the agreement for 22 million euros (approximately $34,289,200), will be satisfied by the company via issuance of 47 million common shares to the vendor at a deemed value of 73 cents per share.

Lingo Media Corporation (CVE:LM) (OTCMKTS:LMDCF) (FRA:LIMA), a global provider of digital and print-based English language learning solutions, has said it will be presenting at the LAAAA, LATAM Accreditation Association www.latam-aa.org virtual conference event on January 23 and 24, 2021. This 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".

Bam Bam Resources Corp. (CSE:BBR) (OTCMKTS:NPEZF) (FRA:4NPB) said that it intends to list, as a supplemental listing on the Canadian Securities Exchange, a total of 26,100,000 (post-split) common share purchase warrants of the company as a single class, originally issued pursuant to a private placement offering completed on September 14, 2020. The Warrant listing is subject to receipt of acceptance from the CSE. David Greenway, Bam Bam president & CEO commented: "The listing of the Company's share purchase warrants provides investors with additional visibility and a secondary market to derive value from their securities. Bam Bam Resources is committed to driving shareholder value through the ongoing exploration and development of its porphyry copper-silver-gold project at Majuba Hill District. 2020 was a historic year for copper and we could not be more excited for what 2021 could bring. Listing the warrants provides an alternative avenue for investor participation and an opportunity to increase leverage to what may be the next major domestic US copper-silver-gold porphyry district."

Genprex, Inc. (NASDAQ:GNPX), a clinical-stage gene therapy company focused on developing life-changing therapies for patients with cancer and diabetes, has announced that the company will present at the MoneyShow Accredited Investors Virtual Expo taking place virtually January 26-28, 2021. Genprex’s president and chief executive officer, Rodney Varner, will virtually deliver a company overview, including recent progress made on its upcoming clinical trials, to participating investors on Thursday, January 28 at 12:25 p.m. EST Registration Link: http://bit.ly/3p0yJOl. The presentation will be available for replay on the company's website - www.genprex.com - for a period of time following the conference, and the video will be archived on MoneyShow.com.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Tuesday Morning Corp (OTCQX:TUEM), an off-price retailer, has qualified to trade on the OTCQX Best Market following its successful financial and operational reorganization and emergence from Chapter 11. Trading on the OTCQX Market offers companies efficient, cost-effective access to the US capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly-traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. "We are pleased to have emerged from a highly successful reorganization that enabled our shareholders to continue owning our common equity. We welcome significant new institutional ownership through the backstopped rights offering which is led by Osmium Partners, LLC and Tensile Capital Management LLC. Trading on OTCQX is an important step forward for Tuesday Morning and our shareholders," commented Steve Becker, chief executive officer of Tuesday Morning.

Proactive Research has issued an initiation report on Empress Royalty Corp. (CVE:EMPR), which listed on the TSX-V in December 2020. Analysts Dr Ryan D. Long concluded that: “Empress is financially disciplined in its approach to investing, only examining cost-effective operations with strong experienced management teams and excellent exploration potential.”

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 Silvercorp Metals Inc named herein, including the promotion by the Company of Silvercorp Metals Inc in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Danakali 're-energised' and focused on getting the Colluli SOP project up...

Danakali Ltd's (ASX:DNK) (OTCMKTS:SBMSF) (LON:DNK) (FRA:SO3) Seamus Cornelius caught up with Proactive's Andrew Scott soon after announcing a restructure of its board. He's confident that their unique Colluli Sulphate of Potash (SOP) Project in Eritrea, Africa, is set to become a global game...

2 hours, 20 minutes ago

18 min read