leadf
logo-loader

NA Proactive news snapshot: PyroGenesis, Information Services Corporation, Vendetta Mining, Gevo, Universal Ibogaine, Bam Bam Resources 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

PyroGenesis Canada Inc (TSE:PYR) (OTCQB:PYRNF) (FRA:8PY) said it wishes to reassure investors that all projects, including the NASDAQ listing, are all on track and that there are no undisclosed events to warrant this morning’s sudden decline in the company stock price. “I just wanted to take the time to reassure investors that the decline in stock price this morning cannot be explained by any undisclosed developments at the company, as all material events have been disclosed,” PyroGenesis Canada CEO Peter Pascali in a statement. “The Board believes the company is in the strongest position it has ever been with (i) a backlog at historical levels, (ii) a pipeline that is growing exponentially, and (iii) a clean balance sheet which, as of today, posts cash-on-hand in excess of $27.5M,” he added.

Information Services Corporation (TSE:ISV) said that it will release its financial results for the fourth quarter and year-ended December 31, 2020 on Tuesday, March 16, 2021 after market close. The company will hold an investor conference call on Wednesday, March 17, 2021 at 11:00 a.m. ET to discuss the results. Participants may join the call by dialing toll-free 1-844-419-1765 or 1-216-562-0470 for calls outside North America.

Vendetta Mining Corp (CVE:VTT) has closed the third and final tranche of its previously announced private placement with a total of 10,433,333 units being issued at a price of $0.06 per unit for gross proceeds of $625,999.98. Each unit comprises one common share and one-half of one common share purchase warrant exercisable for three years at a price of nine cents. Together with the proceeds from the first and second tranche, the company has issued 25,516,868 units for a total of $1,531,012. All securities issued and issuable under the private placement are subject to a four-month hold period from the date of closing of the private placement, in addition to any other restrictions under applicable law. Net proceeds from the financing will be used to advance the development of the company's 100%-owned Pegmont lead-zinc project and for general working capital.

Analysts at Noble Capital on Tuesday reiterated their ‘Outperform’ rating on Gevo Inc (NASDAQ: GEVO) , a day after Scandinavian Airlines agreed to purchase more sustainable aviation fuel (SAF) from Gevo. The Noble analysts also issued a $16 price target on Gevo’s stock, which trades around $11 a share on the Nasdaq. “We believe the high risk/high reward profile remains attractive even though profit-taking after strong stock price moves of 323% in 4Q2020 and 165% this year should be expected,” the analysts wrote. “Not only is the balance sheet debt-free, financial risk has moderated, the FEED engineering firm has been identified, and the majority of equity for the first two Net Zero plants has been secured. Other milestones/catalysts are on the horizon, and the prospects for 1H2022 financial closing on the first two Net-Zero plants have improved.”

Universal Ibogaine Inc announced Tuesday that it has appointed Dr Rami Batal as its new CEO. Batal, a veteran biopharmaceutical executive, is taking the reins from Jeremy Weate, who will remain involved in the psychedelics company through his seat on the board of directors. New CEO Batal forged a global career in biomedical innovation, specifically biopharmaceutical research, development and commercialization of medicines for central nervous system disorders and pain, with multinational pharmaceutical companies and biotech startups.  

Bam Bam Resources Corp (CSE:BBR) (OTCPINK:NPEZF) (FSE:4NPB) announced Tuesday upbeat assay results for 399 soil samples collected from the eastern side of the intrusive complex at the Majuba Hill Porphyry Copper Project in Pershing County, Nevada. In a statement, the company said that anomalous copper, silver, molybdenum, zinc, and gold correlate with the intrusive centers identified from the 2020 exploration program. Bam Bam said that combining the soil results with 2020 geologic modeling, the historical geophysics and geochemical data highlights the two newly recognized intrusive centers. Overlapping copper, silver, molybdenum, zinc, and gold zones will provide additional guidance for the 2021 exploration program.

Milestone Scientific Inc (NYSEAMERICAN:MLSS) said it has begun selling its CompuFloEpidural Instrument and related disposables to the University Hospital of Würzburg (UHW) in Germany. “We appreciate the decision of the University of Wurzburg, in association with Dr Kranke and his team, to purchase our CompuFlo Epidural System. Dr Kranke is a premier anesthesiologist and key opinion leader in the area of safe delivery of anesthesia and analgesia. We believe this initial order by a leading European hospital and medical teaching institute is further validation that our technology provides a level of safety and efficiency not available for medical professionals using conventional syringes. We look forward to further expanding our global rollout strategy of the CompuFlo Epidural System and working closely with other hospitals across Europe and North America”, Milestone president Arjan Haverhals said in a statement.

Biocept Inc (NASDAQ:BIOC) announced plans Tuesday to collaborate with Protean BioDiagnostics Inc to research the ability of its own Target Selector molecular assays to determine the status of EGFR mutations in non-small cell lung cancer (NSCLC) patients. Protean also expects to validate the analytical performance of a laboratory-developed test (LDT) based on Biocept’s EGFR assay test kit in accordance with the requirements of the College of American Pathologists (CAP) validation process, the company said. The research is expected to be conducted in an independent pathology laboratory setting.

Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) said Tuesday it has intersected high-grade structures assaying up to 22.4 grams per ton (g/t) gold over 1.5 metres at the Pamlico project in Nevada. The exploration company said that it had discovered the high-grade oxide mineralization around 85 metres east of the Merritt Zone, representing a new gold zone. Results from a reverse circulation drill program included 4.38 g/t gold over 13.7 meters (m), including 12.5 g/t gold over 4.5m from 16.77 to 21.34m. 

Co-Diagnostics Inc (NASDAQ:CODX) announced Tuesday the appointment of Brian Brown as the company’s new chief financial officer (CFO). The company said Brown's previous experience includes CFO, vice president of accounting and investor relations, and director of finance roles for public and private companies.  In a statement, Brown called Co-Diagnostics a “true success story,” adding that “I was immediately drawn to the Company's vision and ability to run a profitable, well-managed operation during a period of dynamic growth. I look forward to bringing my experience to support the Company in these endeavors." The Utah-based company also said it has elevated Dr Jesse Montgomery to the post of chief scientific officer. Dr Montgomery has been the company's senior vice president of biochemistry, following a career that has included research and bioinformatics positions.

KULR Technology Group Inc (OTCQB:KULR) has announced the appointment of Dr Joanna Massey as an independent director on the company’s board of directors. The company noted that Dr Massey, a former senior vice president of Corporate Communications at Lions Gate Entertainment (NYSE:LGF.A), brings decades of experience relevant to KULR’s near and long-term growth strategies and is expected to further strengthen its corporate governance. “I am pleased to welcome Dr Massey to the KULR team. She is deeply experienced in corporate social responsibility, reputation management and strategic communications, all of which add immediate value to our board of directors,” KULR Technology Group CEO Michael Mo said in a statement.

GlobeX Data Ltd (OTCQB:SWISF) (CSE:SWIS) (FRA:GDT) announced Tuesday that it is in the final stages of signing a distribution deal in South Asia, with a large telecommunications operator for its Swiss-hosted Sekur encrypted email, encrypted messaging and secure file-share solution. GlobeX said the distribution agreement is with a publicly listed company and for this reason, the name of the telecom operator will remain confidential until the agreement has been executed and signed by both parties and a formal announcement can be made. GlobeX expects the deal to be completed in the next two to four weeks. 

First Cobalt Corp (CVE:FCC) (OTCQX:FTSSF) (FRA:18P) said a geophysical survey of its Iron Creek cobalt-copper deposit in Idaho, US, has identified several new drill targets and provided data that supports a resumption of drilling to expand the deposit and test new targets over a 2-kilometer radius at the site. The company said high chargeability zones were detected along strike of the deposit, which it said presents an opportunity to more than double the strike length of the current mineralization.

Codebase Ventures Inc (CSE:CODE) (OTCQB:BKLLF) (FRA:C5B) announced Monday that its blockchain subsidiary Arcology has released an improved version of its Ethereum-powered CryptoKitties game. CryptoKitties, which lets users collect and breed digital cats, is the most popular game on Ethereum blockchain, the company said. In fact, when the game debuted in 2017, its popularity congested the Ethereum network to the point that noticeable shutdowns hurt the performance of other apps. The new version has been optimized to take advantage of Arcology’s processing power and native ability to dynamically adjust to network demands, the company said.

Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) has revealed further drill results from the Virginia silver project in Argentina that show the potential for “significant” new mineralization outside of the current resource area. The Vancouver-based company said it had defined shallow and high-grade mineralization in six new zones, including Julia South, Ely Central and Martina. Highlights from the results included 8.5 metres at 123.4 grams per ton (g/t) silver, including 3.9 metres at 168.3 g/t at Julia South, and 16.1 metres at 64 g/t silver, including 0.9 metres at 352.3 g/t silver at Martina SE.

Mandalay Resources Corporation (TSE:MND) (OTCQB:MNDJF) (FRA:R7X2) said last year's exploration efforts had boosted both its operating mines, with an almost doubling of proven reserves at its Australia mine and an uplift of underground reserves in Sweden. The year saw "significant" growth at the Costerfield mine in Australia as resources and reserves were increased at the Youle deposit, noted the miner's CEO Dominic Duffy, adding this was the driving force behind the company's significant cash generation in 2020.

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) announced that cannabis products from well-known licensed producer HEXO Corp (TSE:HEXO) will be available to Canadian medical customers on Namaste subsidiary CannMart.com beginning in March on an ongoing basis, or until such time as the agreement is terminated by either party. Namaste said the new agreement with HEXO points to the continued validation of CannMart.com as a platform for Canadian medical cannabis.

ImagineAR Inc (CSE:IP) (OTCQB:IPNFF) announced Tuesday that it has been selected as one of the 40 global sports finalists for the Hype Global Virtual Accelerator 2.0 Fan Vertical Bootcamp.   The company that enables sports teams, entertainers, brands and businesses to instantly create immersive global mobile phone AR campaigns said this year's Fan Vertical Bootcamp is focused on over 32 Sports clubs, Leagues, Federations, and Broadcasters -- including the St. Louis Blues, PGA tour, Philadelphia Phillies, Deutscher Fußball-Bund, and Star Sports. ImagineAR said that, according to HYPE Sports Innovation President Amir Raveh, 1,444 global sports startups applied to participate in the Hype Global Virtual Accelerator 2.0 and only 40 were selected to participate in the bootcamp. In other company news, ImagineAR said it has launched its Japanese language website, ImagineAR-JP.com, to commence marketing and sales in Japan. 

HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) told investors it has acquired three further properties surrounding the Munro-Croesus gold project at the Timmins camp in Ontario, meaning it has increased its ground at the project ten-fold over the past year. The latest acquisitions cover 12 single-cell mining claims, three patented claims and one leasehold property consisting of four mining claims covering a total area of around 4 square kilometres. HighGold said it has paid, or agreed to pay cash totaling C$200,000 and US$150,000 to the vendors and issued them with 60,000 shares in the company. The latest consolidation of claims means the Munro-Croesus project area now spans 32 square kilometres (sq km), or 3,187 hectares.

Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLYF) (FRA:CCY) reported that it has signed a Memorandum of Understanding (MOU) for an exclusive global licence with Cambridge Advanced Materials Innovation Consultancy Ltd involving certain technology and the associated intellectual property of the CAMI Technology, which is related to a method of producing high-quality few-layer graphene and derivatives by exfoliation of processed high-grade vein graphite.  Ceylon Graphite said the highly-effective exfoliation process is low-energy consuming but results in increased yield (greater than 60%) of few-layer graphene products, which have been validated for batteries and energy cells in addition to industrial end-user applications.

Japan Gold Corp (CVE:JG) (OTCQB:JGLDF) (FRA:2LD) has revealed that its Barrick Alliance partner has approved a budget of US$4 million, solely funded by Barrick Gold Corporation, to complete planned exploration programs for 2021 across the group's extensive land package. The alliance, in which Japan Gold is the operator, was formed in February last year and has been expanded to cover 30 out of Japan Gold's 32 projects, or 1,889 square kilometres (sq km) in the south-east Asian country. Regional exploration is aimed at identifying new gold prospects through sampling of stream sediments for bulk leach extractable gold (BLEG) and gold and multi-element analysis of rock samples.

Victory Square Technologies Inc (CSE:VST) (OTCMKTS:VSQTF) (FRA:6F6) portfolio company, GameOn Entertainment Technologies welcomed a trio of new advisors on Tuesday: former Australian and Premier League soccer star Tim Cahill, LaLiga North America CEO Boris Gartner and SLG Impact CEO Shauna Griffiths. Cahill, Gartner and Griffiths join Vahid Shababi of Victory Square Technologies, Mike Vorhaus of Vorhaus Advisors, sports betting consultant Sean Hurley and Sabrina Carrozza of Sabrina LCP Communications as Advisors.  Cahill, the all-time leading scorer for the Australian men’s national soccer team, starred at striker and midfielder for Millwall, Everton, the New York Red Bulls and elsewhere around the world during his more than two-decades-long playing career. 

Silver Range Resources Ltd (CVE:SNG) (OTCMKTS:SLRRF) (FRA:8SR) announced Tuesday it has concluded an asset purchase agreement granting Silver47 Exploration Corp a 100% interest in the Michelle Silver-Zinc-Lead Project in central Yukon. Silver Range said the Michelle Project lies within a belt of Paleozoic platform carbonate rocks that stretches through northern British Columbia, western Northwest Territories, Yukon, and Alaska. It covers carbonate-hosted, zinc-lead-silver-gallium mineralization, with district-scale potential. The project encompasses 782 mineral claims that adjoin the Dempster Highway via an 18 kilometre-long proposed access corridor. 

AgraFlora Organics International Inc (CSE:AGRA) (FRA:PU31) (OTCPINK:AGFAF) has said Propagation Services Canada Inc (PSC), its flagship cultivation asset located in Delta, British Columbia, is continuing its momentum towards first commercial sales and is expected to report initial revenues in the summer of 2021. The cannabis firm noted that the first commercial crop for sale will include three proprietary strains - Mimosa 37, Kosher Kush, and Gelato - which it said have been selected for their strong demand in Canada’s dried flower market, as well as their growing attributes within the greenhouse environment which align with their low-cost high-THC cannabis attributes.

Orogen Royalties Inc (CVE:OGN) (OTCMKTS:EMRRF) (FRA:5EV) aims to create more organic royalties and joint ventures in 2021, the group told investors as it updated on the outlook for the first quarter of this year. In the joint venture side of its business, Orogen has seven joint ventures/exploration alliances in Mexico, USA, and Canada focused on copper and gold. Notably, it revealed, that at the Sarape project in Mexico, where it is in a joint venture with Hochschild Mining, preparations are afoot for a 2,500-metre drill program scheduled to start in late Q1 this year. If Hochschild exercises its option in the next five years, Orogen will retain a 3% net smelter royalty (NSR), of which 1% can be purchased for US$3 million.

Mawson Gold Limited (TSE:MAW) (OTCPINK:MWSNF) (FRA:MXR) has revealed that its Rajapalot project in Finland is moving on from the exploration stage, announcing that the company has started two key planning processes. The group said Environmental Impact Assessment (EIA) and land use planning processes have now been initiated for the giant gold-cobalt project. Mawson added that the move validated the strong local support for the project and further de-risks it, as resource-expansion drilling is ongoing with four rigs now turning this winter.

Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) (FRA:TSGN) announced a new US$25 million funding agreement on Tuesday that will see the company complete the construction of its Tahuehueto gold operation in Mexico.  The agreement is with Accendo Banco SA de CV, Empress Royalty Corp, and Endeavour Financial (collectively referred to as the Accendo Syndicate), and will help the company meet debt service obligations, Telson said in a statement. In addition, Telson, Accendo Syndicate and Trafigura Mexico SA de CV have entered into a memorandum of understanding to negotiate a potential definitive agreement to restructure the gold miner’s debt obligations to Trafigura and Nyrstar Canada (Holdings) Ltd. 

Bragg Gaming Group (TSX:BRAG) (OTCMKTS:BRGGF) has announced that the common share purchase warrants of the company issued on November 18, 2020, have now expired, as of February 22, 2021. “Bragg’s sustained performance allowed us to exercise our option to accelerate the November warrants,” said Adam Arviv, CEO of Bragg Gaming. “Not only is this an excellent indication of the continued confidence of our investors, but it immediately contributed to the balance sheet, providing increased liquidity and flexibility for future growth. The Company is now in a position of more than $40M in cash and no debt, with a positive cash flow.”

Couloir Capital Ltd. has announced the initiation of research coverage on Melkior Resources Inc. (CVE:MKR). The report is titled: 'Gold Explorer with Strong Partners in World-Class Mining Jurisdiction'. Melkior Resources is a Canadian exploration company focused on unlocking value by advancing its four projects located in gold-rich areas across Canada. Its projects include Carscallen Project, White Lake Project, Maseres Project and the Val d'Or Property.

Weekend Unlimited Industries Inc. (CSE:POT) (FRA:0OS2) (OTCQB:WKULF) announced that it has closed a non-brokered private placement of 8,818,001 units at a price of C$0.17 per unit, raising gross proceeds of C$1,499,060. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase an additional common share for C$0.23 for a period of 2 years from the issue date. All of the securities issuable in connection with the private placement will be subject to a hold period expiring four months and one day after date of issuance. In connection with the closing of the private placement, the company paid finder's fees of $50,728 in cash and issued 298,400 finder's warrants. The finder's warrants hold the same terms of the warrants issued as part of the units.

Nomad Royalty Company Ltd. (TSX:NSR) (OTCQX:NSRXF) has announced a quarterly dividend of C$0.005 per common share, payable on April 15, 2021 to Nomad's shareholders of record as of the close of business on March 31, 2021. For shareholders residing in the United States, the dividend will be paid in US dollars based on the daily exchange rate published by the Bank of Canada on March 31, 2021. The dividend has been designated by Nomad as an "eligible dividend" under the Income Tax Act (Canada)

Hire Technologies Inc (CVE:HIRE) said the TSX Venture Exchange has accepted for filing the company's proposal to issue 206,709 common shares at an average deemed price of approximately 67.7 cents per common share to settle outstanding debt for $140,000 with one creditor.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 U.S. and global securities, has announced that BIGG Digital Assets Inc. (CSE:BIGG) (OTCQX:BBKCF), owner of Netcoins, an online cryptocurrency brokerage,  and owner of Blockchain Intelligence Group (BIG), a developer of Blockchain technology search, risk-scoring and data analytics solutions, 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. BIGG CEO, Mark Binns, commented: "We are very pleased to reach the milestone of trading on OTCQX, and look forward to the increased exposure that the OTCQX will bring to potential investors in BIGG including US investment funds and family offices."

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 Mawson Gold Limited named herein, including the promotion by the Company of Mawson Gold Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Nano One launches M2CAM and named as one of the TSX Venture top 50 companies

Nano One (CVE: NNO- OTC: NNOMF) CEO Dan Blondal joined Steve Darling from Proactive to share news, Nano One has been named of the TSX Ventures top 50 companies. Blondal shares with Proactive what that means for the company and he also shares with Proactive how their proprietary coated single...

5 hours, 18 minutes ago

18 min read