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NA Proactive news snapshot: KWESST Micro Systems, Star Royalties, AIM ImmunoTech, Real Luck Group UPDATE ...

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

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KWESST (TSX-V:KWE, OTCQB:KWEMF) Micro Systems Inc, the tech group, which provides solutions to the military, told investors it was making progress on all fronts and that its sales opportunity pipeline for its Android Team Awareness Kit (ATAK) integration services stood at more than US$40M and was growing. "These opportunities are with major end-users in NATO countries and with Tier 1 and Tier 2 global defense contractors," said Jeff MacLeod, CEO at KWESST (TSX-V:KWE, OTCQB:KWEMF), in a corporate update, alongside the firm filing its third quarter fiscal results. "We expect these to result in initial contracts and teaming agreements starting in Q1 of fiscal 2022, with more to follow through 2022 and extending to 2023, 2024 and beyond."

Star Royalties Ltd (TSX-V:STRR) has reported second-quarter results that showed a sequential revenue increase of 46% from its unique portfolio of assets. The royalty firm posted 2Q revenue of nearly US$209,000 compared to the US$146,000 it put up in 1Q 2021, its first as a public company. Star CEO Alex Pernin highlighted the performance of Keysbrook, a mineral sands operation in Western Australia in which Star Royalties holds a 2% gross revenue royalty.

AIM ImmunoTech Inc (NYSE:AIM) has announced a new provisional patent application for its flagship drug candidate Ampligen as both an intranasal and an intravenous therapy for what the company describes as Post-COVID-19 Cognitive Dysfunction (PCCD). The Ocala, Florida-based immuno-pharma company has been working steadily to expand its coronavirus (COVID-19) patent portfolio. In addition to the new provisional patent application addressing compositions and methods for treating PCCD, in February 2020 the company filed multiple COVID-19-related provisional patient applications, which are now patent pending worldwide, for Ampligen as a COVID-19 therapy and as a vaccine adjuvant. “Developing an effective therapy is critical for relieving the socioeconomical impact of PCCD and its medical burden on the population,” noted the company. The company said that people suffering from PCCD, including some young adults, are afflicted with severe difficulties in “concentrating, serious memory problems and inability to live an active lifestyle, unable to work," and even perform everyday tasks.

Real Luck Group (TSX-V:LUCK, OTCQB:LUKEF) Ltd and its group of subsidiary companies doing business as 'Luckbox' has released its 2Q results for the period ending June 30, 2021. The esports and sports betting conglomerate ended the second fiscal quarter of the year with $17.2 million in cash and no debt. "The second quarter was a busy and transitional period for Luckbox, during which I took over as CEO on May 10,” Thomas Rosander, chief executive officer of Real Luck said in the statement.

NEO Battery Materials Ltd said it has decided to build its pilot plant facility in South Korea. The technology company told investors that it is scouting three locations within the southeast Asian country for the plant, which will develop its proprietary silicon anode materials. NEO said it is prioritizing optimal integration into the battery supply chain and proximity with large battery manufacturers for the pilot plant.

CO2 GRO Inc (TSX-V:GROW, OTCQB:BLONF). and Mexico marketing and sales partner Rancho Nexo have announced that they have become a member of the Asociación Mexicana de Horticultura Protegida (AMHPAC) -- which is Mexico's largest protected agriculture association. In addition, CO2 GRO and its partner will be exhibiting at AMHPAC's ANNUAL CONGRESS in Los Cabos from September 1- 3, 2021. CO2 GRO added that Rancho Nexo is currently attending the GreenTech Americas Conference at the Querétaro Centro de Congresos in Mexico (August 24-26). 

The Valens Company (TSX:VLNS, OTCQX:VLNCF) Inc has announced that Laura Fuentes, co-founder of its US-based Green Roads subsidiary, has been recognized as a member of Forbes' inaugural 50 over 50: Vision List. Forbes 50 Over 50 platform recognizes women who are shaping the future of science, technology and art, and is dedicated to highlighting women over the age of 50 who have achieved significant success later in life, often overcoming formidable odds or barriers.

FSD Pharma (CSE:HUGE, NASDAQ:HUGE) Inc has said it is to buy Canada-based specialty psychedelic pharma group Lucid Psycheceuticals Inc in a stock deal worth around US$9 million (C$11.3 million). The life sciences holding company said the acquisition provided it with new assets at the forefront of new medicine and represented a 'paradigm shift' in its development. Founded in 2020, Lucid is developing novel molecules and targeting some of the most challenging neurodegenerative diseases, such as Multiple Sclerosis (MS), Alzheimer's and Parkinson's disease.  It also has exclusive worldwide licensing rights from the University Health Network, North America’s largest health research organization, to a patent-protected family of new chemical entities (NCEs).

Snowline Gold Corp told investors it believes it has uncovered a 'robust in-situ gold system' as the company reported the latest assays from a drill hole at the recently discovered Jupiter Zone at its Einarson project in the Yukon, Canada. The hole was a 710 metre (m) step-out along trend from earlier holes at the zone and hit two distinct intervals of high-grade gold within broader areas of anomalous gold. Results included an interval of 6.5m at 13.21 grams per ton (g/t) gold starting from 155.5m depth, which included a width of 1.3m at 43.48 g/t of the precious metal. The hole also hit an intercept of 10.43 g/t gold over 5m from 56m depth.

Versus Systems Inc said the company powered at-home and in-stadium fan engagement for the 2021 MLS All-Star Skills Challenge presented by AT&T 5G on August 24, 2021, at Banc of California (NYSE:BANC) Stadium in the heart of Los Angeles. During the Skills Challenge, which took place the night before the MLS All-Star Game, the top eight players from the MLS battled a team of eight LIGA MX stars in five different field challenges that tested the soccer players’ shooting, touch, cross and volley, passing and crossbar skills. “Fans used a QR code promoted on screen to access Versus’s XEO platform from their mobile devices to participate in the Fan Poll as they supported their favorite MLS and LIGA MX players,” the company noted. The fan experience at Banc included games such as Skeeball and Soccer Shuffle.

Evergold Corp (TSX-V:EVER, FRA:5EG, OTC:EVGUF) said that drilling will get underway very early in September on the “C Zone” high-grade gold-silver discovery on Pyramid Peak, located on its Snoball property in northwest British Columbia’s Golden Triangle region. The Vancouver-based company reported that the C Zone target returned locally high-grade gold and silver values from initial drilling carried out in 2020, including 12.9 grams per ton (g/t) gold and 54 g/t silver over 1.4 metres (m) in hole SB20-005 within 9.6m of 3.2 g/t gold and 28 g/t silver.

PharmaDrug Inc announced it has entered into a clinical trial agreement with the Johns Hopkins University (JHU) to conduct a clinical study comparing acute and enduring psychological and neural effects of N,N-Dimethyltryptamine (DMT) and an undisclosed, potently active comparator molecule. The clinical research collaboration builds upon its existing strategy of focusing on establishing a better understanding of the basic mechanisms by which DMT exerts its effects in the brain and elsewhere in the body. The company said the first part of the planned study will examine the dose effects of DMT and the other test article. In the second part of the study, healthy subjects will be exposed to a maximum tolerated dose of each drug.

American Resources Corporation (NASDAQ:AREC) announced that it has been named to a US Department of Energy (DOE) Federal Demonstration Partnership award for the sorting of critical mineral-rich coal resource feedstocks in a support role. Under the agreement, the company said it will provide support to the DOE-sponsored program lead by Microbeam Technologies Inc. (Microbeam) and Energy Technologies (ASX:EGY) Inc. (ETI) to determine novel methods for predicting rare earth elements and critical minerals in different coal types utilizing gamma neutron activation analysis (PGNAA) spectra technology. “We are pleased to join this effort in developing an innovative application in analyzing carbon-based feedstocks for their inherent critical and rare earth elements,” said American Resources CEO Mark Jensen in a statement.

Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF) said that its portfolio company Turnium Technology Group Inc (TTGI) is collaborating with IBM to onboard its cloud-native SD-WAN edge solution to IBM Cloud for Telecommunications. The company said Turnium’s solution is designed to help connect customers, applications and devices by creating a new cloud extension service that helps to interconnect their offices, vehicles, and devices sites with IBM Cloud in a single private international network.

Harvest One Cannabis Inc has unveiled a new line of sleep gummies under its Dream Water brand for the American market. This latest product offering will be available through company distributors and retailers in September. The line of Sleep Gummies falls in line with Harvest One’s goal of developing cannabis-infused and non-infused premium health, wellness and self-care products with a market focus on solutions for sleeplessness and pain.

Aequus Pharmaceuticals Inc said Dr Robert Koenekoop has joined the company as a medical and clinical consultant on inherited retinal diseases, and specifically to support Aequus’ previously-announced collaboration with reVision Therapeutics Inc for the product REV-0100, a potential therapy for Stargardt disease. Dr Koenekoop, a pediatric ophthalmologist, has more than 25 years of national and international basic and clinical research expertise in ophthalmology, in both children and adults.

ESE Entertainment Inc announced that it won a Stevie Award for the marketing campaign of the year in the automotive category, together with partners Next Level and Webtalk. The Stevie Award was awarded to the companies for the KIA Motors marketing campaign called “Enter the Game” which incorporated the new KIA Stinger GT into the popular video game Assetto Corsa. The Stevie Awards were created in 2002 to honour and generate public recognition of the achievements and positive contributions of organizations and working professionals worldwide. “This award is the latest milestone which validates the effectiveness of our esports platform for major brands to reach the strong buying power of the millennial demographic," CEO Konrad Wasiela said in a statement.

HempFusion (TSX:CBD.U, OTCQX:CBDHF) Wellness Inc said it expects to generate revenues of between US$12.5 million and US$13.5 million in fiscal 2021, as well as US$20 million to US$25 million in fiscal 2022, which the company credits largely to its expansion plans over the next 18 months and beyond. HempFusion (TSX:CBD.U, OTCQX:CBDHF) noted its guidance for the current fiscal year includes pre-closing fiscal 2021 revenues from its recently completed acquisitions of Apothecanna and Sagely Naturals. “With the Acquisitions closed, not only do we reach over 15,000 retail locations and sell products in eight countries, but we’re also targeting up to $30 million in revenue for 2022,” HempFusion (TSX:CBD.U, OTCQX:CBDHF) Wellness CEO Jason Mitchell said in a statement.

Aurania Resources Ltd (TSX-V:ARU, OTCQB:AUIAF) said it had identified a new epithermal gold-silver target on its Lost Cities-Cutucu project in Ecuador. The target covers an area of more than 0.67 square kilometres, according to Aurania, and is near the previously identified Kuri-Yawi target on the property. Soil sampling has returned gold values of up to 0.56 grams per ton (g/t), the company said in a statement.

CytoDyn Inc shared an update to its previously reported preliminary results from its Phase 1b/2 trials and compassionate use of its flagship drug candidate leronlimab to treat a total of 30 metastatic triple-negative breast cancer (mTNBC) patients. The Vancouver, Washington-based late-stage biotechnology company said that decrease in circulating tumor cells (CTC) as reported using the LifeTracDx test developed by Creatv MicroTech Inc, after induction with leronlimab was associated with a 400%-to-660% increase in modified progression free Survival (mPFS), 12-month Progression Free Survival (PFS) and a 570%-to-980% increase in modified overall survival (mOS), and 12-month overall survival.

MedX Health Corp, the emerging global teledermatology leader, has started to generate revenue from its cloud-based telemedicine platform and patient management system and expects “increasing activity” during the rest of the year. The Mississauga, Ontario-based medical device and software company is focused on skin health, with its SIAscopy on DermSecure telemedicine platform, utilizing its SIAscopy technology. The SIAscope is the only image-capture technology on the market that provides clinical, dermoscopic, and spectrophotometric views of moles and lesions up to 2 millimeters (mm) below the skin's surface. The company’s software creates real-time images for physicians and dermatologists to evaluate all types of moles or lesions within seconds.

Great Bear Resources (TSX-V:GBR) Ltd has released results from its ongoing, fully-funded exploration program at its flagship Dixie Project in the Red Lake district of Ontario. Part of the exploration targeted previously underexplored northwestern and southeastern areas of the 4.2-kilometer Phase I drill grid. According to Great Bear, the results expand and characterize the zone outboard from the Central LP Fault, which had seen the highest density Phase I drilling prior to today’s release.

BetterLife Pharma Inc (CSE:BETR, OTCQB:BETRF) revealed that a pre-clinical study of its interferon AP-003 candidate to tackle the Delta variant of coronavirus (COVID-19) had started at the ImPaKT Facility at Western University in Ontario. The study is being carried out in the lab of Dr Stephen Barr and his team in the department of Microbiology and Immunology at the Canadian university. The first proposed target indication is for people who are at higher risk to develop severe COVID-19 disease.

MegumaGold Corp is awaiting assay results after completing its first drilling program on the Caribou gold project in Nova Scotia. Four holes, for 620 metres (m), were completed by Maritime Drilling on August 10 this year. Around half of the drilling, in two NQ-sized diamond drillholes, twinned important historical drillholes, while the other half was step-out and in-fill drillholes, said MegumaGold.

DRDGOLD Limited has reported full-year 2021 earnings more than double those reported in 2020 and declared a higher final dividend of 40 rand cents per share as it benefitted from a higher rand gold price and managed increases in working costs. The South Africa-focused mine tailings retreatment specialist is majority-owned by Sibanye-Stillwater, the major platinum group metals (PGMs) and gold producer. It operates the Ergo Mining Operations (EMO) business on the eastern Witwatersrand, and also the Far West Gold Recoveries (FWGR) project. DRDGOLD's operating profit increased by 39% to 2.2 billion rand ($146 million) for the year to June 30, 2021, as it also increased total gold production by 6% to 5,723 kilograms (kg), reflecting an 11% improvement in throughput.

Bragg Gaming Group (TSX:BRAG, OTCQX:BRGGF) Inc, has announced that the company’s common shares have been approved for listing on the Nasdaq Global Select Market and are expected to begin trading on Nasdaq on August 27, 2021, under the ticker symbol BRAG. The company will retain its listing on the Toronto Stock Exchange under the ticker symbol BRAG. Richard Carter, chief executive officer of Bragg commented: “Our Nasdaq listing approval marks another key milestone in Bragg’s growth and evolution and will allow the Company to attract greater capital markets interest in the US where we are successfully pursuing the large and rapidly growing iGaming market opportunity. By listing in the US and maintaining our Canadian listing, we are positioned to enhance shareholder value by improving the Company’s visibility and trading liquidity for investors. We believe Bragg is ideally positioned to grow our business and gain share in the large global iGaming market and the Nasdaq listing is another positive step that will enable us to move forward aggressively with our plans.”

Phyto Extractions Inc (CSE:XTRX, FRA:D2EA). - formerly, Adastra Labs Holdings Ltd. - has announced that, further to its news releases of March 10, 2021, and March 23, 2021, the company continues to proceed towards the acquisition of 1204581 B.C. Ltd, doing business as Phyto Extractions. Originally structured as an acquisition to acquire an initial 51% equity interest with a right of first refusal to acquire the remaining 49% interest, the company noted that the parties are proceeding on the basis of acquiring a 100% interest on the closing date. The parties continue to negotiate definitive terms and conduct further due diligence but anticipate signing a definitive share purchase agreement on or before September 15, 2021, it added.

Silvercorp Metals Inc (TSX:SVM, AMEX:SVM). has announced a normal course issuer bid to acquire up to 7,054,000 common shares of the company, representing approximately 4% of the 176,354,091 common shares issued and outstanding as of August 22, 2021. The repurchase program will run from August 27, 2021 to August 26, 2022. The company is taking this action to provide it with enhanced flexibility should market conditions result in Silvercorp's shares being undervalued relative to the value of its mining operations and corporate assets comprised of cash and cash equivalents and short-term investments of $214.4 million, in addition to investments in associates and other companies having a total market value of $243.2 million, both as at June 30, 2021. Purchases will be made at the discretion of the directors at prevailing market prices, through the facilities of the TSX, the NYSE American, and alternative trading platforms in Canada and the United States, in compliance with regulatory requirements. The company intends to hold all shares acquired under the issuer bid for cancellation. The price the company will pay for any common shares will be the market price at the time of purchase or such other price as may be permitted by the CSA. Any private purchase made under an exemption order issued by a securities regulatory authority will generally be at a discount to the prevailing market price.

Metalla Royalty and Streaming Ltd said its short form base shelf prospectus dated May 1, 2020, has been filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission. The prospectus was also filed under Multilateral Instrument 11-102, Passport System, in Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador. A receipt for the prospectus is deemed to be issued by the regulators in each of those jurisdictions, if the conditions of the instrument have been satisfied. Further to an at-the-market offering of shares made under a prospectus supplement dated May 14, 2021, to the company's short-form base shelf prospectus dated May 1, 2020, the exchange has accepted for filing documentation with respect to the following sales under the at-the-market offering: aggregate gross proceeds of $6,296,007 from May 14, 2021, to June 30, 2021, with 515,532 shares in aggregate offered during the quarter ended June 30, 2021, at varying prices, with an average sale price of $12.21 per share.

BioLargo, Inc. (OTCQB:BLGO) has announced its participation in Water Solutions 6, the sixth annual water innovation-focused conference run by Sustain SoCal, a leading cleantech industry advocacy organization in Southern California. The event takes place on August 26, 2021, from 1.30pm to 5.00pm Pacific Time. BioLargo's director of Strategic Marketing and Business Development Tonya Chandler will be presenting about recent innovations in water treatment focused on per- and polyfluoroalkyl substances (PFAS), a class of water contaminants of emerging concerns. She will discuss BioLargo's innovative technology that removes PFAS from water without creating significant PFAS-laden waste, and the company's plans to offer other new PFAS-related services to customers. Water Solutions 6 (WS6) is a virtual-only conference focused on exploring real-life strategies and innovations in conservation, reuse, desal, water quality and big data in Southern California and the surrounding region. BioLargo is a Title Sponsor for the event. Registration for WS6 is open to the public. Followers of BioLargo can register for free using the promo code WS6BLGOCOMP via the following link: https://sustainsocal.org/events/event/water-solutions-6/

Vicinity Motor Corp. (TSX-V:VMC, FRA:6LG) has said it will be hosting a virtual roadshow webinar on Wednesday, September 8, 2021, at 11.30am ET. The company said its chief executive officer William Trainer will present an overview of the business model and near-term growth initiatives. The webinar will be accompanied by a presentation and followed by a question-and-answer session, which can be accessed via the following webcast link or dial-in numbers: Domestic Dial-in: 1-877-300-8521; International Dial-in: 1-412-317-6026; Webcast: http://public.viavid.com/index.php?id=146352. A telephone replay will be available approximately two hours after the call and will run through October 8, 2021, by dialing 1-844-512-2921 from the US, or 1-412-317-6671 from international locations, and entering replay pin number 10159746. An online replay will be available using the webcast link.

PlantX Life Inc. (CSE:VEGA, FRA:WNT1) has announced its placement in an editorial published by NetworkNewsWire (NNW), one of 50+ trusted brands within the InvestorBrandNetwork (IBN). To view the full publication, “Investing in the Movement: Plant-Based Food Is the New Black,” investors can visit: https://nnw.fm/7mPrO

Quick facts: Evergold Corp


Price: 0.155 CAD

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Evergold completes Golden Lion drill program and turns its attention to...

Evergold Corp (TSX-V:EVER, FRA:5EG, OTC:EVGUF) CEO Kevin Keough joined Stephen Gunnion from Proactive with news of the completion of the Golden Lion drill program ahead of schedule. Keough telling Proactive that the company is now ramping up to drill its Snowball project, which lies in the...

on 08/04/2021

18 min read