leadf
logo-loader

NA Proactive news snapshot: Falcon Gold, Water Tower Research, African Gold, Levitee Labs, Gevo 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

Falcon Gold Corp (TSX-V:FG, OTC:FGLDF) has applied to the TSX Venture Exchange for the approval of a warrant exercise incentive program.  The proposed program would work in conjunction with a private placement completed in July that offered 5,750,000 units priced at $0.08 each. In addition to one common share, each unit contained one share purchase warrant valid for three years and priced at $0.12.  As such, Falcon Gold has 5,750,000 placement warrants priced at $0.12 each and expiring July 13, 2023.

Water Tower Research has published a business update on Ideal Power Inc. which is focused on the development and commercialization of its B-TRAN-based solid-state circuit breakers (SSCBs). The technology acts orders of magnitude faster than incumbent electromechanical devices. Water Tower said Ideal Power is well-placed to capture a slice of the large and growing $6 billion IGBT (insulated-gate bipolar transistors) power switches market. “Owing to their superior performance and efficiency, bi-directionality, and fewer thermal management requirements, B-TRAN power switches may be able to replace IGBTs in many applications,” Water Tower said. Read more insights from the report here

African Gold Group Inc has announced the appointment of Douglas Jendry to the board of directors. Jendry is an accomplished executive with over 30 years of international experience in mining and capital markets. He has been involved as an executive and non-executive director for several mining companies with particular focus on companies listed in Australia and London. He has served as chairman of Capricorn Metals and Talon Energy and CEO of Impress Energy. “On behalf of the Board and the Company, we are pleased to welcome Douglas Jendry to African Gold Group,” said CEO Danny Callow in a statement. “Mr. Jendry brings a diverse set of expertise as an accomplished executive which will help us with our continued focus on diversifying our shareholder base and expanding into Australian market.”

Levitee Labs (CSE:LVT) Inc. said it has completed the acquisition of all the issued and outstanding shares of Earth Circle Organics Chain Inc. Headquartered in Las Vegas, Earth Circle Organics is a direct-to-consumer (DTC) and wholesaler of supplements and superfood products. It operates primarily in the US, but it also has a presence in Canada. For the acquisition, Levitee said it issued 488,702 shares at C$0.51 each and paid US$1,675,000 in cash on closing, with an additional US$125,000 having been previously paid as a deposit. 

Gevo Inc (NASDAQ:GEVO). announced that production operations at its advanced, renewable fuels production facility located in Luverne, Minnesota have restarted, and it is expected to produce fuel-grade, renewable isobutanol (IBA). The Englewood, Colorado-based company said the IBA produced will be used as a feedstock for Gevo to produce sustainable aviation fuel and renewable premium gasoline to fulfill existing sales contracts. These renewable hydrocarbons will be produced in Silsbee, Texas at the South Hampton Resources Inc hydrocarbon production facility. Gevo also expects to utilize some of the IBA produced to develop certain IBA specialty markets. Significantly, the production operations at the Luverne Facility will allow Gevo to test and evaluate certain potential unit operations that may be incorporated into Gevo’s advanced Net-Zero 1 production facility that is expected to begin production in 2024 in Lake Preston, South Dakota.

Spotlite360 Technologies (CSE:LITE) Inc. said it has strategically chosen market segments on which it will focus initially, including the pharmaceutical industry and the healthcare sector. The company also said it is now exploring opportunities in agriculture supply chains, which have faced significant challenges such as labour concerns and higher oil prices in recent years. Spotlite360 said its blockchain and internet of things (IoT) technologies can easily be integrated into systems, equipment, and supplies that are common for agriculture industry players that include farmers, ground transporters, distribution centres, and retail grocers.

Japan Gold (TSX-V:JG) Corp said that the Japanese Ministry of Economy, Trade and Industry (METI) has accepted 51 new prospecting rights applications covering around 145 square kilometers (km) around its Barrick alliance Togi project, on the Noto Peninsula of Honshu. The Vancouver-headquartered group said that in November 2020, the Barrick alliance collected 412 rock samples and 88 bulk leach extractable gold (BLEG) samples across the Togi project. “Systematic stream sediment sampling defined a continuous, 8 km long corridor of gold anomalous drainages within the Togi project,” said the company.

ESE Entertainment Inc. (TSX-V:ESE) has announced the appointment of professional digital motorsports driver, Kuba Brzeziński as a digital motorsports advisor to the company. The company noted that Brzeziński is a driver with Williams Esports, one of the world’s leading sim racing organizations that competes in Formula 1 Esports Series, Formula E Accelerate, ESL MAPFRE, eWTCR, Le Mans Esports, GT Pro and FIA Gran Turismo Championships. Brzeziński joined Williams in early 2019.Brzeziński began sim racing in 2010 and is now considered one of the top esports drivers in the world, mainly competing in rFactor 2 and RaceRoom. He also brings digital motorsports to the masses via his YouTube channel - Formula 7, where he regularly streams with his Williams Esports teammate Nikodem Wiśniewski.

PlantX Life Inc said Lorne Rapkin has been appointed to the role of chief executive officer of the company, effective immediately. Previously, Rapkin held the position of chief financial officer at PlantX Life dubbed the; ‘one-stop-shop for everything plant-based.’ Julia Frank, who formerly served as CEO will continue as the company's chief operating officer, while Shariq Khan, the company's director of finance, has been appointed the new chief financial officer.

Heritage Cannabis Holdings Corp is getting a new CEO in cannabis veteran David Schwede. The Toronto-based vertically integrated cannabis company is reshuffling its boardroom with outgoing CEO Clint Sharples taking on the role of chairman, following the resignation of Donald Ziraldo for personal reasons. “I am very pleased to hand the CEO role to David at a pivotal and exciting time for Heritage,” Sharples said in a statement.

Esports Entertainment Group, Inc. (NASDAQ:GMBL) has said it will co-produce and participate in the 24th Annual East Coast Gaming Congress and NexGen Gaming Forum in Atlantic City, New Jersey, on October 25-26, 2021. The company is expected to be the only esports operator participating in the conference. "This is a great opportunity to showcase our evolving brand and comprehensive B2B esports solution set with leaders from across the casino industry," said Grant Johnson, CEO of Esports Entertainment in a statement.

Co-Diagnostics (NASDAQ:CODX), Inc. has said it will release its second-quarter 2021 results on Thursday, August 12, 2021, after the market close. The company will also host a conference call and webcast on the same day at 4.30pm EDT to discuss its financial results with analysts and institutional investors. Management on the call will include CEO Dwight Egan and CFO Brian Brown. The call and webcast will be available via: Webcast: ir.codiagnostics.com on the Events & Webcasts page; Conference Call: 877-317-6789 (domestic) or 412-317-6789 (international). For investors unable to participate during the live webcast, the call will be recorded and later made available on the company’s website.

Ketamine One (NEO:MEDI.AQN) Capital Limited (LSE:CAPD, FRA:C8D) has signed an exclusive agreement for the use of virtual reality (VR) technology in psychedelic treatments. The company is partnering with OVR Tech LLC to provide its INHALE Wellness Platform during an initial two-year term in Ketamine One (NEO:MEDI.AQN)’s clinics. The technology is an olfactory-enabled VR platform designed to deepen immersion, promote relaxation, and help manage stress. 

Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF). has reported $11.9 million in sales during July. During the first month of operations the company's new Orange County store generated around $800,000 in sales, while gross margin for the company during the month was in excess of 50%. "Based on the early results we've seen from the Orange County store we are confident in the trajectory of sales and the quality of service and product we are providing. Sales have grown week over week as we start to gain traction as one of the top dispensaries in Orange County," said Bob Groesbeck, co-CEO of Planet 13 in a statement.

Else Nutrition Holdings Inc (OTCQX:BABYF, TSX-V:BABY). has announced that after months of R&D and trials, it has successfully completed a full-scale commercial trial manufacturing run of ready-to-drink (RTD) liquid version of its Plant-Based Complete Nutrition for Toddlers and Kids products. “This key milestone sets the Company on a path to penetrate the lucrative liquid format in both the Toddler and Kids Nutrition space,” said Hamutal Yitzhak, CEO and co-founder of Else Nutrition in a statement. “With thousands of families nationwide already using Else products in powder format, being able to offer Clean Label, whole-food-based Else products in convenient RTD form, opens up a further 92% of the Kids nutritional drinks market, a $1 billion category in the US alone," Yitzhak added.

Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) boosted production from its gold mines in West Africa in the second quarter of by 18% to 409,000 ounces of gold, while all-in sustaining costs decreased by US$15 per ounce to US$853 per ounce. Total production for the first half of 2021 amounted to 756,000 ounces of gold and an all-in sustaining cost of US$860 per ounce.

PsyBio Therapeutics Corp. has initiated a new program to study N-methyl-D-aspartate (NMDA) receptor antagonists and associated analogs for potential activity against a variety of human health conditions. The company said it has filed a new provisional patent application with the United States Patent and Trademark Office entitled NMDA Receptor Antagonist-Containing Compositions and Methods of Treatment. The addition of NMDA receptor antagonists with pending patent protection is highly focused on the potential improvement of neurological conditions including traumatic brain injury, other neurological deficits, addiction as well as other psychological conditions.

BMEX Gold Inc (TSX-V:BMEX) has released a detailed overview of its 2H 2021 exploration plans for both the King Tut and Dunlop Bay properties located in Quebec. Covering the next six months, BMEX has scheduled several drills and reconnaissance surveys for the projects that lie within the Abitibi Greenstone Belt. The gold explorer has also appointed Robert Pryde as president and director of the company. 

Empower Clinics Inc announced that it has achieved a major milestone in completing the expansion of its recently acquired Dallas, Texas-based Kai Medical Laboratory, which operates accredited labs that provide reliable and accurate testing solutions for hospitals, clinics, pharmacies, and employer groups. Empower, which is one of the largest operators of medical health and wellness centers in the US, acquired Kai with its 8,000-square-foot medical lab and covered drive-up testing center on October 6, 2020. Empower has been able to expand the impact of its integrated health model via a successful pivot towards the coronavirus (COVID-19) testing space through Kai Medical Laboratory. 

Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQB:PNXLF). has said it is expanding its lithium exploration project at the Salar de Antofalla in Argentina via an option agreement. The company said it has entered into an option agreement with a group of three local vendors to earn a 100% interest in three granted mine concession properties totaling 5,380.5 hectares situated adjacent to the company's 9,000 hectares of 100% held claims. "This acquisition further bolsters our presence in this highly prospective salar. Albemarle Corporation, a major lithium producer, stated that its lithium resource in the southern portion of Salar de Antofalla is expected to be certified as the largest in Argentina," said Nikolaos Cacos, president and CEO of Argentina Lithium & Energy in a statement.

Royal Wins Corporation (CSE:SKLL) said it has integrated the UserTesting platform into the marketing strategy for its flagship Kash Karnival hyper-casual gaming app. Companies such as Microsoft, Sony (NYSE:SNE) and Canva employ UserTesting - https://www.usertesting.com/ - to gain product feedback and improve the experiences of their customers. Royal Wins will employ UserTesting to rapidly increase the rate at which the company is able to test new games and user interface developments, and to help perfect marketing materials and strategies at scale and in real-time. This integration into the Kash Karnival marketing strategy will assist the company in targeting its marketing efforts more accurately, and therefore more efficiently, it said.

Renforth Resources Inc (CSE:RFR, OTCQB:RFHRF) said it has successfully completed the final twin hole, with multiple mineralized intervals at its Parbec project in Quebec. The company said in a statement that one of the intervals included 11.75 metres (m) assaying 3.3 grams per ton (g/t) gold, which also included 1.75m at 15.53 g/t gold. Renforth’s drill program was planned to twin, infill and undercut historic drill holes at Parbec, to support a rebuild of the geological model and a resource estimate restatement. 

Soma Gold Corp. (TSX-V:SOMA, FRA:8PR1) has announced new drilling and channel sampling results for the ongoing exploration program at the Estrella-Diamantina mineralized trend within its Zara property in Colombia. Soma said it has now completed 2,450m of the 3,500m planned for 2021 on the Estrella-Diamantina trend, noting that drilling and channel sample results have successfully identified a hydrothermal system, including well-developed quartz-carbonate veins. "These results verify the continuity of the mineralization associated with the Otu Fault trend on the company's property, and additional drilling might outline economic mineralization," said Soma CEO Javier Cordova.

Golden Arrow Resources Corporation has identified new anomalies on its Rosales copper property in Chile. The junior resource company said that geophysical surveying had revealed a “more conductive and larger feature” below the near-surface conductivity anomalies reported in June 2021. According to Golden Arrow, the earlier reported G1 and G2 conductivity anomaly targets cover 800 metres (m) by 500m and 600m by 400m at surface, respectively.

Fortitude Gold (OTCQB:FTCO) Corp, a junior gold producer with operations in the goldfields of Nevada, posted second-quarter results that saw record production, net income of $8.3 million and a strong cash position of $41.5 million. For the period ended June 30, 2021, Fortitude reported 14,579 ounces of gold produced at $628 per ounce all-in sustaining cost. The company reported 6.75 grams per tonne average gold grade mined. Realized metal prices during the quarter averaged $1,794 per ounce gold, with the company clocking up $25.9 million in net sales. The Nevada-focused mining company posted $8.3 million in net earnings or $0.35 per share in the second quarter. Fortitude’s treasury increased to $41.5 million on June 30, 2021, up $13.8 million or 50%, from December 31, 2020.

Vanstar Mining Resources Inc (TSX-V:VSR, OTCQX:VMNGF, FRA:1V8) said a summer exploration program is ongoing at its Nelligan property in northern Quebec. Currently, the company is focused on an infill drilling program that has collected data from five holes (1,600 meters) to date. An additional five to 10 holes are anticipated for this zone. Once infill drilling in the target area is completed, Vanstar will shift its attention to the western extension, with the intention of expanding the resource. 

Zynerba Pharmaceuticals (NASDAQ:ZYNE), Inc. has announced that company management will participate in a fireside chat during the Canaccord Genuity (TSX:CF, LSE:CF) 41st Annual Growth Conference being held virtually on Wednesday, August 11, 2021, at 1.30pm ET. Investors interested in arranging a virtual meeting with the company’s management during the conference should contact the Canaccord Genuity (TSX:CF, LSE:CF) conference coordinator. A webcast of the fireside chat will be available under the Events & Webcasts tab of the Investors section of the Zynerba website at www.zynerba.com. An archived replay will be available on the company’s website following the event for 60 days.

CleanSpark, Inc. has announced that it will hold the company's third-quarter 2021 live virtual earnings presentation and business update for investors and analysts on August 16, 2021, at 1.00pm PST/ 4.00pm. EST. To participate in the virtual meeting, investors can use the following link: https://globalmeet.webcasts.com/starthere.jsp?ei=1486534&tp_key=e7f1f1fab1. This URL can be used for the live event or to watch the recorded version. A transcription will be available on our investor website after the event.

Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc, has said it will publish its operating results for the second quarter of 2021 on Monday, August 16, 2021. The company will host a live webcast with Robert Kaul, Cloud DX (TSX-V:CDX, OTCQB:CDXFF) CEO to review its progress to date and its fiscal second-quarter results beginning at 1.30pm Eastern time on Tuesday, August 17, 2021. Investors wishing to participate in the webcast can register at: https://zoom.us/webinar/register/WN_aoM3X1mORRmEUTNpQ32RHQ. Cloud DX (TSX-V:CDX, OTCQB:CDXFF) also said that, subject to regulatory approval, it has retained Generation IACP INC. (GIACP) to initiate its market-making services to the Company and Mercova Capital (Evan Eadie) to perform Investor Relations services.

Bragg Gaming Group (TSX:BRAG, OTCQX:BRGGF) Inc. said it will release its second-quarter 2021 financial results prior to the opening of the financial markets on Wednesday, August 11, 2021. The release will be followed by a conference call at 8.30am Eastern Time, hosted by Bragg chief executive officer, Richard Carter, chief financial officer, Ronen Kannor, and chief strategy officer, Yaniv Spielberg, to discuss the results and provide a business update. Dial-in information: US/Canada: (844) 965-3274; International: (639) 491-238; Passcode: 7796169. A replay of the call will be available for seven days following the conclusion of the live call. In order to access the replay, dial (416) 621-4642 or (800) 585-8367 (toll-free) and use the passcode 7796169.  During the call, management will review a presentation that can be accessed via the following link: http://www.bragg.games/investors

Kintara Therapeutics (NASDAQ:KTRA), Inc. has announced that Saiid Zarrabian, its chief executive officer, will participate at the BTIG Virtual Biotechnology Conference on August 9, 2021. The company said Zarrabian will deliver his corporate presentation on Monday, August 9, 2021 at 2.00pm ET / 11.00am PT. The live webcast will be available on the BTIG conference website at the time of the event, after which it will be available through BTIG research access. Investors can also request a one-on-one meeting with Zarrabian to be arranged following the conclusion of the conference by contacting a BTIG conference representative.

VolitionRx (NYSEMKT:VNRX) Limited has said it will host a conference call on Thursday, August 12, 2021, at 8.00am Eastern time to discuss its financial and operating results for the second quarter of 2021, in addition to providing a business update. Cameron (NYSE:CAM) Reynolds, VolitionRx (NYSEMKT:VNRX) president and chief executive officer will host the call along with Terig Hughes, chief financial officer, Dr Tom Butera, chief executive officer of Volition Veterinary, and Scott Powell, executive vice president, Investor Relations. The call will provide an update on recent developments and Volition's activities, including details of new and ongoing clinical trials, important events which have taken place in the second quarter of 2021, and milestones for 2021 and beyond. Dial-in details: US & Canada 1-877-407-9716 (toll free) UK 0 800 756 3429 (toll free); Toll/International: 1-201-493-6779; Conference ID 13722250 A live audio webcast of the conference call will also be available on the investor relations page of Volition's corporate website at http://ir.volition.com. In addition, a telephone replay of the call will be available until August 26, 2021. The replay dial-in numbers are 1-844-512-2921 (toll-free) in the US and Canada and 1-412-317-6671 (toll) internationally; replay pin number 13722250.

Clean Seed Capital Group (TSX-V:CSX) Ltd said the TSX Venture Exchange has consented to an extension in the expiry date of the following warrants all issued under private placements: 385,000 warrants with an exercise price of 50 cents from an original expiry date of July 31, 2021, to a new expiry of January 31, 2022; 790,000 warrants with an exercise price of 50 cents from an original expiry date of July 31, 2021, to a new expiry date of January 31, 2022; 2 million warrants with an exercise price of 50 cents from an original expiry date of July 31, 2021, to a new expiry date of January, 2022.

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 named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Marble Financial’s subsidiary Inverite Verification records 80,000 monthly...

Marble Financial CEO Karim Nanji joined Steve Darling from Proactive to share news its subsidiary, Inverite Verification has reported achieved record growth and transaction volume milestones. Nanji telling Proactive in August the company surpassed 80,000 monthly transactions and recorded an...

10 hours, 5 minutes ago

18 min read