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NA Proactive news snapshot: Mason Graphite, Vuzix Corporation, Canada Silver Cobalt Works, Royal Wins, Star Royalties, UPDATE ...

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

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Mason Graphite Inc (TSX-V:LLG, OTCQX:MGPHF) said it has agreed to purchase strategic assets related to a patented graphene processing technology from the UK specialty chemical company Thomas Swan & Co Limited through a joint venture company to be named Black Swan Graphene Inc. Mason Graphite and Thomas Swan will own 66.67% and 33.33%, respectively, of Black Swan Graphene, which is expected to go public in the coming months. “Graphene is no longer theoretical, but undergoing a transformative progress in applications, production, and commercialisation,” Mason Graphite chairman Fahad Al-Tamimi said in a statement. 

Vuzix Corporation (NASDAQ:VUZI) (NASDAQ:VUZI) (NASDAQ:VUZI) revealed it had struck a distribution agreement with UK-based MPH Group, which will strengthen the tech company's presence in Europe and the UK. MPH, which has already placed a volume purchase order for Vuzix Smart Glasses, distributes game-changing and highly immersive technologies that involve augmented reality (AR), virtual reality and IoT (Internet of Things) solutions. It serves customers in the healthcare, energy, automotive, telecommunications, defense, construction and manufacturing sectors.

Canada Silver Cobalt Works Inc has announced additional intersections of high-grade silver, including 7,981 grams per tonne (g/t) over 0.30 metres (m) at a downhole depth of 484.9 to 485.2m, belonging to the Big Silver vein at the company’s Castle East project in northern Ontario. Canada Silver Cobalt Works said the drill results further define and expand the high-grade silver zone initially discovered with hole CS-20-39, which had earlier recorded intercepts of up to 89,853 g/t silver over 0.30 meters. 

Royal Wins Corporation (CSE:SKLL) said its recently released version of the Kash Karnival 5.5.3 App will now include Apple Pay for iOS users. Kash Karnival is Royal Wins’ flagship hyper-casual gaming platform, in early July, the company unveiled its 5.5.3 release of the popular App. The latest version allows players using iOS platforms to purchase Kash Coin bundles using Apple Pay. Kash Coin bundles can be used within the App during play, the in-App Kash can also be used for other forms of in-App currency, including Arcade Tokens and Booster Cards.

Star Royalties Ltd (TSX-V:STRR) has added a new green royalty to its portfolio. The Toronto-based company announced an agreement with Elizabeth Metis Settlement (EMS) to acquire a 13.5% gross revenue royalty on EMS’s revenue share of carbon credit offsets from the EMS Forest Project in Alberta. EMS derives revenue from the creation and sale of emission reduction benefits from 15,457 hectares of forest located in the province. Star Royalties has paid C$300,000 for the 13.5% royalty and expects it to start generating revenue in 2023.

Xigem Technologies (CSE:XIGM) Corporation revealed that it has inked a letter of intent (LOI) to acquire a 25% interest in FB Labs Corporation (FB LABS), a lead generation software company with major success in the hospitality vertical, for around $750,000 in a cash-and-stock deal. FB LABS provides cloud-based software that helps businesses in capturing more leads and converting a higher proportion of them into sales. It also offers a turnkey proposal builder that quickly capitalizes on opportunities with personalized, branded proposals. Businesses using FB LABS' software can increase speed-to-sale, closing rates and workplace efficiencies, while having real-time intelligence on the sales pipeline and customer preferences to enable more effective decisions, said the company. On a continuing basis, the investment will allow Toronto, Ontario-based Xigem recognize its share of profit or loss in FB LABS after the effective date of acquisition.

QC Copper and Gold Inc has reported a positive drill result from the Saddle Zone, which it says underlines the potential of its flagship Opemiska project in Quebec and includes a 'spectacular' gold intersection in one hole. The Saddle zone is a previously unmined structural corridor, which lies between the Springer and Perry conceptual pits at the property, and hole 98 intercepted 100 metres (m) grading 0.5% copper-equivalent starting at just 7m from surface. And near the bottom of the hole (337.6m) was intersected a 9m interval grading 18.30 grams per ton (g/t) gold.

Psyched Wellness (CSE:PSYC, FRA:5U9, OTCQB:PSYCF) said it has entered into a service agreement with CannaLabs, a Canadian, London-based laboratory services company, licensed by Health Canada. The life sciences company, which produces and distributes functional and psychedelic mushrooms, said it will use the services of CannaLabs to perform stability tests on its AME-1. This will help it to determine the expiration dates and storage conditions for the final AME-1 product.

Dalrada Corporation said its subsidiary, Dalrada Precision, has entered the eco-friendly degreaser global market with the launch of its Ignite Industrial Technologies’ revolutionary biodegradable cleaner and degreaser products. The products provide a safe and more environmentally responsible solution to improving manufacturing efficiencies without harsh chemicals, including mineral spirits, butyl-based products, caustics, and alkaline detergents, the company added.  Dalrada said the proprietary ingredient profile of Ignite Industrial Technologies’ uniquely enhanced products is the first of its kind for the cleaning and degreaser market. Engineered by industry veterans as a safer, more effective, and cost-effective product line to revolutionize manufacturing efficiencies, the formulation acquired by Dalrada is now its intellectual property. 

Universal Ibogaine Inc. (UI) has announced that P Squared Renewables Inc. (PSQ) has received conditional approval from the TSX Venture Exchange for its previously announced Qualifying Transaction with UI. Under the transaction, UI said PSQ will acquire all of its outstanding shares by ‎way of a three-corner amalgamation among PSQ, UI, and 1266855 B.C. Ltd. (Subco), a ‎wholly-owned subsidiary of PSQ.  PSQ ‎also will subsequently change its name to 'Universal Ibogaine Inc.'‎

Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF, NEO:NTAR) has revealed plans to launch its NFT (non-fungible token) hologram creator platform. The company said the creator platform will leverage its human hologram creator platform HoloX, which is expected to launch in the third quarter. Once up and running, customers will have the ability to seamlessly experience its digital collectibles in augmented reality. Nextech noted that it has a two-staged rollout plan where initially AR human holograms are purchased through a third-party NFT marketplace, then viewed and experienced outside a digital wallet using the company’s HoloX application. 

BioLargo Inc said it will receive and treat contaminated water from a major municipality in Southern California and a federal government agency. The company’s Aqueous Electrostatic Concentrator (AEC) is a proprietary water treatment technology specifically designed to remove per- and polyfluoroalkyl substances (PFAS), a group of man-made ‘forever’ chemicals. The receipt of the treatment water from two potential clients will allow BioLargo to implement its multi-phase commercial approach. 

Vox Royalty (TSX-V:VOX) (TSX-V:VOX) Corp said it has executed binding agreements with Titan Minerals Limited to acquire four Peruvian gold, silver, and copper royalties for a total cash consideration of US$1 million.  As part of the transaction, Titan will pay Vox Royalty (TSX-V:VOX) US$1 million in cash under the terms of a deal between Vox subsidiary SilverStream and Titan’s Mantle Mining Peru. The amount payable by Titan was previously recorded as a non-current accounts receivable balance. The acquisition gives Vox exposure to four exploration royalties in Peru, which hold potential for the discovery of large-scale precious and base-metal deposits. Historical fieldwork confirmed geological alteration systems indicative of such deposit styles, Vox said.

Marble Financial Inc said that it has entered into an arm’s length definitive credit facility agreement with CHP Agent Services Inc., a subsidiary of an independent, non-affiliated Canada-based alternative specialty lender Cypress Hills Partners Inc. The Vancouver, British Columbia-based financial technology company said the credit agreement provides for a $10 million credit facility through its wholly owned special purpose vehicle (SPV) subsidiary and “TPFM as servicing agent for originations, administration, and monitoring of the SPV loan portfolio.” The funding is a selected percentage of the SPV’s eligible customer loans, with the initial advance rate set at 95% and a minimum threshold of 80%.

AgraFlora Organics International Inc has announced that, effective on July 28, 2021, it will change its name to Agra Ventures Limited to reflect the “evolved vision and strategic direction” of the company under its current leadership. The company said the Canadian Securities Exchange will publish a bulletin announcing the date of the name change, and the firm will begin trading under its new name on or about July 28, 2021. The shares will continue to trade under the “AGRA” ticker symbol on the Canadian Securities Exchange. In addition, the company’s main subsidiary Propagation Services Canada has rebranded to Boundary Bay Cannabis to conjure up the picturesque setting in which its cannabis is grown in the Delta region, in British Columbia.

Empress Royalty Corp said it has amended its agreement with mining sector financial advisor Endeavour Financial Ltd to source and evaluate debt facility opportunities and/or corporate transactions to accelerate the former's growth. "We have been working closely with Endeavour since our inception, building a strong platform to identify investment opportunities and continue to do so," said Alexandra Woodyer Sherron, CEO of Empress Royalty in a brief statement.

Harvest One Cannabis Inc. (TSX-V:HVT, OTCQB:HRVOF) said it has engaged an arm's length service provider, Jonathan Carroll to provide strategic advisory and consulting services to the company for a 24-month period, subject to extension or termination in accordance with the provisions of the consulting agreement. It noted that Carroll has vast c-suite experience in the travel industry and is an innovative leader in the corporate branding and loyalty management areas, which experience will benefit the company by fostering growth and expanded distribution of its CPG brands. As partial consideration for the consulting services, the company will grant an aggregate of 1,500,000 warrants to purchase common shares of the company to the consultant as follows: (i) 300,000 warrants following the second month of the term of the consulting services; (ii) 300,000 warrants following the 6th month of the term; (iii) 400,000 warrants following the 12th month of the term; and (iv) 500,000 warrants upon the company reaching certain sales targets for fiscal 2022. Each warrant will entitle the consultant to one Common Share, at an exercise price equal to the greater of the: (i) market price of the common shares on the day immediately prior to the date of issuance of the warrants; and (ii) volume-weighted average trading price of the common shares during the 30 full trading days immediately prior to the date of issuance of the warrants; and will expire 24 months from the date of issuance.

First Cobalt (TSX-V:FCC, OTCQX:FTSSF) Corp said the TSX Venture Exchange has accepted for filing documentation pertaining to a purchase and sale agreement dated March 12, 2021, between the company and an arm's-length party, whereby the company has acquired a 100% interest in 103 unpatented mining claims located to the west of its existing Iron Creek project, Idaho. Under the terms of the agreement, the company has agreed to acquire the property for a $50,000 cash payment and the issuance of 225,000 common shares. Additionally, the vendor will retain a 1% net smelter return (NSR) royalty, 0.5% of which the company has a right to buy $750,000.

Benchmark Metals Inc said the TSX Venture Exchange has accepted for filing documentation pertaining to an exploration co-operation and benefit agreement dated March 25, 2021, as amended, between the company and Tsay Keh Dene Nation, Kwadacha Nation and Takla Nation. The agreement establishes a mutually beneficial framework under which the company and the first nations will advance the company's Lawyers gold-silver project. Under the agreement, the company will make various cash payments and has granted the first nations 300,000 non-transferable warrants in the company. Each warrant entitles the holder to acquire one share for $1.30 for a three-year period.

Quick facts: Vox Royalty


Price: 3.1 CAD

Market Cap: $123.12 m

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on 08/16/2021

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