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NA Proactive news snapshot: Water Tower Research, AIM ImmunoTech, Falcon Gold, Numinus Wellness, Camino UPDATE ...

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

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Water Tower Research has published a business update and overview with Ballard Power Systems (NASDAQ:BLDP) (TSE:BLDP) CFO Paul Dobson. Ballard’s vision is to deliver fuel cell power for a sustainable planet. Ballard’s zero-emission PEM fuel cells are enabling electrification of medium- and heavy-duty mobility, including buses, commercial trucks, trains, and marine vessels. The company has $1.3 billion of cash to deploy and is focused on investing behind two key themes: accelerating hydrogen adoption and expanding global manufacturing capacity. Read more insights from the report here

AIM ImmunoTech Inc (NYSEAMERICAN:AIM) said it will host an investor update webcast at 11am ET on Wednesday, July 14, 2021, to discuss recent accomplishments and upcoming milestones. Investors and other interested parties are invited to submit questions to management prior to the call's start via email to aim@crescendo-ir.com. For those unable to participate at that time, a replay of the webcast will be available until Thursday, July 14, 2022 on the company’s website

Falcon Gold Corp (CVE:FG) (FRA:3FA) (OTCPINK:FGLDF) has applied for OTCQB listing and full eligibility through the Depository Trust Company (DTC), the mineral exploration company announced. The OTCQB is an upgraded marketplace tier for entrepreneurial and developing US and international companies. To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with US securities laws and undergo annual verification. Meanwhile, DTC eligibility will reduce costs and accelerate the settlement process for US investors and brokers by enabling Flacon Gold’s common shares to be traded electronically through a wider selection of brokerage firms, the company said.  

Numinus Wellness Inc (CVE:NUMI) announced it had struck an agreement to acquire the Neurology Centre of Toronto (NCT) in a deal worth up to $1 million. The Neurology Centre is a fully operational clinic that treats common neurological conditions and psychological disorders. Numinus said that it plans to expand NCT into a “comprehensive clinical neurology treatment centre” that specializes in psychedelic treatment for neurological disorders.

Camino Corp (CVE:COR) (OTCPINK:CAMZF) said it has commenced a geophysics campaign at its Los Chapitos copper project in Peru, consisting of 258 line kilometres of magnetic vector inversion modelling. The survey is targeting locations of previously reported sampling of artisanal workings that returned up to 5.12% copper (Cu) and 9.33 grams per ton (g/t) gold (Au), with vein samples measuring 0.3 metres (m) to 0.6m. This area, a 3-kilometre by 4-kilometre section known as Lidia, is geochemically anomalous for high-grade copper and gold, with 238 samples taken in 2018-19 averaging 0.78% Cu, and up to 23% Cu and 11 g/t Au.

Arrow Exploration Corp (CVE:AXL) said it has successfully restarted production at its Oso Pardo-1 and Oso Pardo-2 wells at the Oso Pardo Field, located on the Santa Isabel Block, Middle Magdalena Valley Basin in Colombia. Both wells were restarted on July 4, 2021. The company said the combined production from the wells is currently approximately 61 barrels of oil per day, which is in addition to the production from the Morsa-1 well re-commenced output during the week of June 21, 2021. In addition to the production restart, Arrow also highlighted the commencement of equity research analyst coverage on the company by Arden Partners and by Auctus Advisors, two London, UK-based stockbrokers. 

PyroGenesis Canada Inc (TSE:PYR) (NASDAQ:PYR) (FRA:8PY) said it has signed a contract for $4 million with HPQ Silica Polvere Inc, a wholly-owned subsidiary of HPQ Silicon Resources Inc (HPQ), a provider of low carbon emission silicon-based solutions. The partnership is part of the larger government contract PyroGenesis announced earlier this year, that saw the maker of advanced plasma processes and products win a $700,000 grant from Sustainable Development Technology Canada to develop a novel production process using a plasma reactor to transform quartz into fumed silica. The entire project is now valued at $5.3 million, with an added $630,000 coming for an additional government agency. PyroGenesis will also contribute $175,000.

Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) (FRA:X6C) announced the completion of four diamond core holes totaling 800.6 meters (m) at its flagship Pamlico project in Nevada, following up on reverse circulation (RC) hole P21-115 that intersected several high-grade structures including an assay of 22.35 grams per tonne (g/t) gold within an overall intercept of 123.5 meters averaging 1.13 g/t gold. The company said all four holes are 25m to 35m offsets of hole P21-115 and, collectively, appear to have discovered a previously unknown extension of the historic, high-grade Pamlico Mine.

Recruiter.com Group Inc (NASDAQ:RCRT) has revealed that sentiment among recruiters about the current job market remains high but talent shortages among potential employees may be growing more acute. The company was discussing the results of its monthly Recruiter Index survey for June 2021, which gathers information from the group's 28,500 independent recruiters and talent acquisition specialists. Recruiter.com CEO Evan Sohn also discussed the findings in an interview with 'The Exchange' on CNBC.

Talon Metals Corp (TSE:TLO) (OTCMKTS:TLOFF) (FRA:TAO) has provided an update on its Tamarack nickel project in Minnesota, saying latest assay results are likely to positively impact the overall economics of the project even further. The company said it is continuing to drill out the new pool of massive sulphides aggressively, with the goal of growing it in a meaningful way. It reiterated that it does not think the pooling will be limited to the one area as it believes there is potential for more high-grade nickel-copper mineralization to come along the 18 kilometre Tamarack Intrusive Complex.

Spotlite360 Technologies Inc (CSE:LITE) (FRA:87A) said it has launched an initiative to offer tailored supply chain tracing and tracking solutions to the pharmaceutical industry, and it is “presently in contract negotiations” with firms. The logistics technologies developer based in Vancouver and Denver said that its initiative aligns with an impending US regulatory change in the US$1.3 trillion pharmaceutical industry requiring companies to comply with the Drug Supply Chain Security Act (DSCSA), which mandates the implementation of electronic tracing measures. 

Else Nutrition Holdings Inc (CVE:BABY) (OTCMKTS:BABYF) (FRA:0YL), the plant-based baby, toddler and children nutrition company, has announced the activation of key distribution centers stretching from San Bernardino County, in California through to Northern Oregon, making its products readily available in 100 independent stores and food co-operatives (Co-Ops). The company said that thanks to distributor partners — KeHE and United Natural Foods Inc (UNFI) — Else successfully launched multiple accounts in the western US during the first two quarters of 2021, which include Sprouts Farmers Market, Raley's and Natural Grocers Vitamin Cottage. 

Mawson Gold Limited (TSE:MAW) (OTCPINK:MWSNF) (FRA:MXR) has reported further encouraging drill results from its Sunday Creek project in the famous Australian goldfields of Victoria, which show continuing mineralization at depth and increasing antimony grades. The assays come from 3 holes, out of 18 now completed at the project, for a total of nearly 3,000 metres (m). Fifteen holes have now been reported and drilling continues ahead of the publication of a maiden resource. "Our Victorian portfolio continues to successfully deliver at Sunday Creek," said Michael Hudson, CEO of Mawson, in a statement.

CytoDyn Inc (OTCQB:CYDY) has announced that its flagship drug candidate, leronlimab, has been granted US Patent No. 11,045,546 by the US Patent and Trademark Office (USPTO) for methods of treating coronavirus (COVID-19) infection. The patent discloses methods of treating hyperinflammation — a common complication of COVID-19. The Vancouver, Washington-based late-stage biotechnology company said CytoDyn’s patent is expected to extend until June 15, 2040. The USPTO prioritized examination of CytoDyn’s patent application, resulting in the grant of this patent under the USPTO’s COVID-19 Prioritized Examination Pilot Program in just about one year. 

Ximen Mining Corp (CVE:XIM) (FRA:1XMA) (OTCQB:XXMMF) said it has acquired several mineral claims in the Wild Horse Creek area, 15 kilometers (km) northeast of Cranbrook in the Fort Steele Mining Division in southern British Columbia. The Vancouver-based junior precious metals explorer said it will settle the claim acquisitions with its own stock. The Wild Horse Creek property, which adjoins Ximen's Hughes Range claims, includes a total of 139 mineral claims covering 12,767 hectares near historic Fort Steele. The land package is covered by two separate purchase agreements under which Ximen is required to issue 3,455,000 shares split among the vendors. The vendors have entered into voting trust agreements that cover the shares being issued.

Orgenesis Inc (NASDAQ:ORGS) (FRA:45O) has announced multiple milestones in the development of Ranpirnase for multiple indications, including anogenital warts, adenoviral conjunctivitis and even coronavirus (COVID-19). First, Orgenesis has completed its pre-Investigational New Drug (IND) consultation with the US Food and Drug Administration (FDA), discussing RanTop (Ranpirnase topical gel) for the treatment of anogenital warts (AGW). The company is on track to start Phase 2 trials in this indication after completing FDA pre-IND requests. A pair of Phase 1/2A trials were previously completed for the treatment of AGW caused by human papillomavirus, which demonstrated tolerability and signs of preliminary clinical efficacy, the company said. 

Clean Air Metals Inc (CVE:AIR) (OTCQB:CLRMF) (FRA:CKU) has revealed new results from its drill campaign at the Escape Lake Deposit on its Thunder Bay North project that shows multiple high-grade platinum group elements (PGEs) massive sulfide veinlets. The intersections came 450 metres north of the Escape high-grade zone on the northern Ontario property, the company said. One hole intersected a massive sulphide lens grading 41.2 grams per ton (g/t) palladium equivalent from the Bullseye magnetic anomaly, where another hole intersected a massive sulphide lens 100 metres southeast grading 31.8 g/t palladium equivalent.

Nextech AR Solutions Corp. (OTCQB:NEXCF) (NEO:NTAR) (CSE:NTAR) (FRA:N29) announced that it has won a multi-year agreement with a European-based, multinational company working in the energy and automation space with over 100,000 employees in more than 100 countries. It noted that the new customer has been named one of Fortune’s World’s Most Admired Companies over consecutive years. The agreement allows for multiple, defined scopes of work over an initial two-year period utilizing its solutions for large enterprise clients. Nextech said it recently received an order worth around $340,000 to design and deliver a live broadcast, global summit across several countries, concurrently, for the purposes of client engagement, education and training.

Thesis Gold Inc (CVE:TAU) (FRA:011) has told investors that an airborne survey has helped it define several prospects at the flagship Ranch gold project in British Columbia (BC), including Golden Furlong, for follow-up work during the upcoming field season. A 125 square kilometres (sq km) airborne versatile time-domain electromagnetic survey (VTEM) was carried out at the property, which lies in the 'Golden Horseshoe' of north-central BC.

KushCo Holdings Inc (OTCQX:KSHB) said it has begun to solicit investor proxies related to its previously-announced proposed merger with Greenlane Holdings Inc (NASDAQ:GNLN) (FRA:G67). KushCo expects the merger to create a leading ancillary cannabis company serving a premier group of customers, including many of the leading multi-state operators and licensed producers, top smoke shops in the US and millions of consumers globally. The merger is anticipated to close in the third quarter of 2021, pending approval from the majority of the shareholders of both KushCo and Greenlane. 

Vanstar Mining Resources Inc (CVE:VSR) (OTCMKTS:VMNGF) (FRA:1V8) announced that its joint venture partner, IAMGOLD Corporation (TSE:IMG) (NYSE:IAG) (FRA:IAL), is expected to drill about 9,500 metres on the Nelligan joint venture project in Quebec, which will include both definition drilling in the main resource area as well as step-out drilling with a focus on the west extension of the known mineralization. Vanstar said the drill program will support the completion of a future updated resource estimate.

Psyched Wellness Ltd (CSE:PSYC) (OTCQB:PSYCF) (FRA:5U9) has announced the results from a 14-day oral toxicity preclinical study that showed no adverse effects from its Amanita muscaria-derived products. The study, conducted by KGK Science, revealed no treatment-related adverse effects on animals during the study period, the company said. The next step is to move to a 90-day oral toxicity study to help pinpoint a safe and effective dose for human consumption.

Victory Resources Corporation (CSE:VR) (OTCPINK:VRCFF) (FRA:VR61) said it is fast-tracking a drill permit application for its Smokey lithium project in Nevada after receiving strong results from the recently completed geological sampling program. The explorer aims to commence the drill in late summer or early fall. Prices for lithium have been on the rise much of the last year, as demand from the electric vehicle sector increases. The value of lithium carbonate, in particular, has climbed 120% since July 2020. 

ImagineAR Inc (CSE:IP) (OTCMKTS:IPNFF) (FRA:GMS1) has announced a new three-year white-label mobile app agreement with BlackOwned, a peer-to-peer network dedicated to uniting and catalyzing the efforts of Black entrepreneurs and professionals to generate value in national communities. The deal is valued at C$185,000, plus subscription channel revenue sharing, the company said. BlackOwned will launch this fall with new ImagineAR Global Cloud Architecture, the company said.

Alpine 4 Holdings Inc (OTCQB:ALPP) announced that its subsidiary Alternative Laboratories LLC has secured a new $2 million order to kick off the third quarter. The order is related to the production of a high-quality, nutrient-rich gut health product line for a health food company. Alt Labs, a private label contract manufacturer in Florida, specializes in the manufacturing and packaging of liquids, powders, tablets, capsules and other nutritionals. Its product formulation ability access to and global raw materials provides its clients with unique "first to market" products and cutting-edge innovations, the company said.

Algernon Pharmaceuticals Inc (CSE:AGN) (OTCQB:AGNPF) (FRA:AGW), the drug repurposing company, has revealed that it will not be advancing Ifenprodil into a Phase 3 clinical trial for coronavirus (COVID-19) but said it would continue to investigate the drug as a potential treatment for other diseases. The company said the decision was based on several factors, including the findings of the Phase 2b COVID-19 study final data set, the global rate of vaccinations, and the projected trial size, costs and timelines needed. Feedback recently received from the US Food and Drug Administration (FDA) on the end of Phase 2 meeting request was also "informative," noted the company.

Fireweed Zinc Ltd (CVE:FWZ) has said its 2021 diamond drill program is now underway at the Macmillan Pass zinc, lead and silver project in Canada’s Yukon. Two diamond drill rigs are currently operational, the company said and they will focus on the Boundary Zone and follow-up drill testing of last season’s Boundary West discovery. Additionally, holes at Tom East and Jason South will include step-outs from current mineral resources and will allow for the deployment of detectors for borehole muon tomography surveys.

Maverix Metals Inc (NYSEAMERICAN:MMX) (TSE:MMX) (FRA:7781) has provided an update on its royalty assets, which bode well for the company's organic growth, including Karora Resources Inc's (TSE:KRR) (OTCMKTS:KRRGF) (FRA:5RN1) plans to double output at the Beta Hunt mine in Australia.  At the latter, Maverix holds a 4.75% gold royalty and 1.5% nickel net smelter royalty (NSR).  Due to increased throughput, the production capacity at Beta Hunt is expected to double from the current rate of around 75,000 to 85,000 tonnes per month (tpm) to 160,000 to 170,000 tpm by the end of 2024, noted Maverix. 

TomaGold Corporation (CVE:LOT) (OTCMKTS:TOGOF) (FRA:OTM) has announced the start of its 10,000 metres (m) drilling program on its wholly-owned Obalski property, located 3 kilometres south of Chibougamauin in Quebec.  The program is aimed at defining the A-Po zone by drilling every 50m between sections 120 E and 450 E, to a vertical depth of at least 500m, with some holes reaching a vertical depth of 650m, the mineral exploration company added. Results from a 2,502m drilling program conducted in the winter of 2020/21 revealed several high-grade gold and copper values, including 47.4 grams per ton (g/t) gold, 87.6 g/t silver and 7.06% copper over 1.1  and 67.1 g/t gold, 40.1 g/t silver and 2.32% copper over 0.5m in hole OBS-20-002; 12.45 g/t gold, 17.7 g/t silver and 0.53% copper over 0.65m in hole OBS-20-001; and 23.7 g/t gold and 24.5 g/t silver over 0.5m in hole OBS-21-005.

Trillion Energy International Inc (CSE:TCF) (OTCMKTS:TCFF) (FRA:3P2N) said it has started drilling preparation work for its first two South Akcakoca Sub-Basin (SASB) development wells, with capital provided from company sources. The oil and gas producer, which owns 49% of the SASB natural gas field in the Black Sea, also announced it is triggering the acceleration provision in all outstanding stock and purchase warrants issued during 2020 to provide additional working capital for the drilling program. 

Silvercorp Metals Inc (TSE:SVM) (NYSEAMERICAN:SVM) (FRA:S9Y) has reported encouraging exploration drill results from its SGX mine in China, which encountered high-grade veins in and above current production areas. The SGX mine is one of six underground mines at the metal miner's flagship Ying complex. Exploration drilling and tunneling are currently ongoing at all mines. From October 1 last year to June 30 this year, 298 diamond drill holes were sunk at SGX for 48,867 metres (m). That included 242 underground holes and 56 surface holes and assays for 254 holes have been received, with 166 hitting mineralization. Currently, 20 rigs are drilling at the mine.

Fortitude Gold Corp. (OTCQB:FTCO) said it has increased its monthly dividend 16.7% to $0.035 per common share, or $0.42 annually.  The $0.035 per common share monthly dividend for July 2021 is payable on July 30, 2021 to shareholders of record as of July 19, 2021. "The Isabella Pearl mine is exceeding expectations," commented Fortitude Gold CEO and president, Jason Reid. "The dividend increase is based off strong second-quarter operational performance and production which has delivered an increasingly strong cash position reflecting our ability and confidence to generate significant free cash from our high-grade Isabella Pearl gold mine. The Board of Directors is pleased to reward shareholders with this second dividend increase in as many months and remains focused on returning as much cashback to shareholders as possible, while balancing the capital needs of our operations, paying taxes and providing for future Company growth." Second-quarter preliminary Isabella Pearl production numbers are expected to be announced by mid-July, the company added.

Hillcrest Energy Technologies (CNSX:HEAT.CN) (OTCMKTS:HLRTF) (FRA:7HIA.F) has announced the results of its previously announced early warrant exercise incentive program intended to encourage the early exercise of up to 34,683,334 outstanding common share purchase warrants of the company. As of the close of business on Friday, June 30, 2021, Hillcrest said it had received written commitments to exercise 29,563,000, or more than 85% of the 34,683,334 eligible warrants, which will result in gross proceeds of $2,956,300. “The Hillcrest team appreciates the phenomenal action and support shown by the warrant holders,” said Don Currie, CEO, Hillcrest Energy Technologies. “Backed by a substantially improved balance sheet, we’re positioned to advance with purpose and are financially able to deliver a compelling innovation pipeline intended to create considerable value to customers and investors alike. Over the last six months we’ve achieved a $4 million swing, moving from a deficit of $700,000 as shown in the audited year-end statements, to a current positive balance of approximately $3,400,000 of working capital.  We aim to deploy these funds over the coming months on Hillcrest’s tech collaboration and development initiatives that are already trending ahead of schedule and exceeding the Company’s internal expectations.”

authID.ai Inc. - formerly Ipsidy - (OTCQB:IDTYD) has announced that approximately $6.4 million of indebtedness has been voluntarily converted into equity by the company’s noteholders. As of June 30, 2021, the company said it had received notices of conversion from the holders of Convertible Notes issued in 2019 and 2020, voluntarily opting to convert their principal and interest into fully paid shares of common stock, in accordance with the terms of the various notes. As a result, approximately 1.1 million shares of common stock were issued to the noteholders. “The note conversions represent an important milestone for authID.ai,” said Tom Thimot CEO of authID.ai. “We greatly appreciate the tremendous support of our investors and the confidence that they have shown in the direction the Company is headed, by virtue of the voluntary conversion they have undertaken.”

Boosh Plant-Based Brands Inc. (CSE:VEGI) (OTCPINK:VGGIF) has announced that on Monday, June 28, 2021, the company submitted its application to have its common stock quoted on the OTCQB market maintained by OTC Markets, Inc (OTCQX:OTCM). On July 1, 2021, the company added, it received notice that its market maker in the US had received clearance from FINRA to initiate a quotation, and thus its common stock is now quoted on the OTCPink market as VGGIF. The company said it will provide an update on its DTC eligibility and the outcome of its OTCQB application as available. In other news, Boosh also said it has issued 10,000 Employee Stock Options to Maria Hussaini, the company's CFO and to Marion Mcgrath, the company's corporate secretary, respectively. The price of the options are $1.10 and was based on the close of trading on July 5, 2021.

Ready Set Gold Corp. (CSE:RDY) (FRA:0MZ) (OTCPINK:RDYFF) has announced that it will hold an annual and special general meeting of shareholders on October 12, 2021, at which normal-course annual meeting matters will be discussed as well as matters raised in a purported dissident requisition made by CBLT Inc., which the company believes may be controlled or directed by Peter M. Clausi. The board of directors of the company believes that it would be in the best interests of the company to mitigate the significant costs and expenses of a contested meeting of shareholders so close to the time at which the incumbent directors would stand for election or re-election, as the case may be, in the normal course, and so has determined that holding the company's annual meeting earlier than usual, together with considering the matters raised in the requisition, would be in the best interests of the company and would also allow the newly elected directors at the AGM to enjoy a full mandate from shareholders for the ensuing year. Ready Set Gold said its board has attempted constructive engagement with the dissident to hear out its concerns and to consider the qualifications of the dissident's candidates for inclusion on the board, however, the dissident has recently ceased its engagement with the company.

First Mining Gold Corp. (TSX:FF) (OTCQX:FFMGF) (FRA:FMG) said it has obtained a final order from the Supreme Court of British Columbia approving the company's previously announced plan of arrangement under which First Mining will distribute 23,333,333 common shares and 11,666,666 common share purchase warrants of Treasury Metals Inc to shareholders of First Mining on a pro-rata basis, by way of a reduction in the capital of the common shares of First Mining. Each common share purchase warrant of Treasury Metals is exercisable, on a cashless basis only, for one common share of Treasury Metals at an exercise price of $1.50 per share until August 7, 2023. The arrangement was previously approved by First Mining's shareholders at the annual general & special meeting of shareholders held on June 30, 2021. First Mining confirmed that it has received all requisite approvals and that the July 14, 2021. record date and the effective distribution date of July 15, 2021, are now unconditional.

Thor Explorations Ltd. (CVE:THX) (LON:THX) has announced the exercise of share options for 500,000 common shares without par value at a price of 12 cents per common share by Alfred Gillman, the company's group exploration manager, for an aggregate consideration of $60,000. Following the admission of this stock, Thor Explorations' issued share capital will consist of 623,570,509 common shares. The company does not hold any shares in treasury.

Xigem Technologies Corporation (CSE:XIGM) (FRA:2C1) said it has granted 200,000 incentive stock options to members of the company's Advisory Board under its Stock Option Plan. Each option entitles the holder to purchase one common share of the company at an exercise price of $0.325 for a period of five years and will vest immediately. The options were granted on July 5, 2021, by Xigem's board of directors.

KULR Technology Group Inc. (NYSEAMERICAN:KULR) has announced that it will be ringing the closing bell on the New York Stock Exchange in celebration of the successful completion of its recent uplisting to the NYSE American exchange. The market closing ceremony will occur on Friday, July 9, 2021 at 4.00pm EDT and will be available for viewing on the NYSE Bell website. Michael Mo, co-founder and CEO of KULR Technology Group, Inc., along with members of the company's leadership team, will be ringing the bell to mark this milestone. "It's truly an honor to mark the beginning of our next chapter as a public company by ringing the NYSE closing bell," said Mo. "We couldn't be more excited about our prospects serving the world of e-mobility and energy storage at a time when the world is entering into an electrification revolution. We will continue to innovate with our space-proven technologies to make batteries and electronics cooler, lighter and safer."

Braxia Scientific Corp. (CSE:BRAX) (OTCMKTS:BRAXF) (FRA:496) has announced its participation at the upcoming PSYCH Investor Summit: Research & Development which will be held virtually on July 7, 2021. Braxia CEO Dr Roger McIntyre will deliver a presentation discussing the recently announced funding by the Canadian Institutes Of Health Research (CIHR), of the Government of Canada, to support the first of its kind Ketamine clinical trial for Bipolar Depression. Additionally, Dr McIntyre will discuss Braxia's initiatives related to developing innovative therapeutics and delivery systems, while also administering patient care in its growing network of clinics. The presentation will be followed by a Q&A. Dr McIntyre will also take part in a panel discussion, along with Canadian Securities Exchange CEO Richard Carleton, on "The Next 5-10 Years of Research & Development." For additional information on the conference, investors can visit: https://psych.global/agenda/

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