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NA Proactive news snapshot: Nomad Royalty, Logiq, TNR Gold, Blue Sky Uranium, Sidus Space, Bridgeline Digital, Silvercorp Metals UPDATE ...

Last updated: 16:23 12 Aug 2022 EDT, First published: 10:00 12 Aug 2022 EDT

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Nomad Royalty Company Ltd announced it has received approval for its acquisition by Sandstorm Gold Ltd (TSX:SAND) from the Superior Court of Quebec. The court issued a final order approving the previously announced acquisition by way of a plan of arrangement in accordance with the Canada Business Corporations Act. Under the terms of the arrangement, Sandstorm will acquire all of the outstanding shares of Nomad for a consideration of 1.21 Sandstorm shares per Nomad share.

Logiq Inc posted second-quarter financial results that demonstrated that the digital consumer acquisition solutions company continued to pivot to higher-margin opportunities. For the period ended June 30, 2022, the New York-based company reported consolidated revenue of $4.9 million, down 40.4% from $8.3 million in 2Q 2021. Logiq explained that the revenue dip was due to a strategic shift to pursue a higher gross margin business, which resulted in attrition of lower margin business and an increase in sales and marketing expenses. Logiq said its DataLogiq platform contributed $3.3 million in revenue, or 67.4% of second quarter consolidated revenue, down 39.3% from $5.5 million in the same period a year earlier. The decrease was due to Medicare enrollment and a newly-implemented focus on a direct-to-customer (D2C) portal. 

TNR Gold Corp said it has granted 4.4 million stock options to directors, officers and consultants of the company  under the terms of the company's stock option plan. The stock options are exercisable at $0.05 per share until five years from the date of grant and are subject to a trading hold period of four months plus one day.

Blue Sky Uranium Inc said that its vice president Exploration and Development, Guillermo Pensado will participate in a panel discussion on Mineral Exploration in Latin America on August 17, 2022, at 2.00pm ET. The registration link to the event is available at https://6ix.com/event/mineral-exploration-in-latin-america-a-new-dawn/?utm_bmcr_source=client_email&utm_source=client_email 

Sidus Space Inc has posted second-quarter 2022 revenue of $1.85 million, a whopping 695% increase from a year ago, reflecting greater customer confidence as a result of previous deliveries and higher contract flow driven by an expanded sales team. The Space-as-a-Service provider said it reversed a gross loss of $56,000 for the three months ended June 30, 2021, to a profit of $347,000 in the corresponding three months of 2022, attributable to higher revenue, a decrease in labor-intensive contracts and an increase in its higher-margin Satellite-as-a-Service business line. "In the second quarter, we continued to win contracts, customers and purchase orders while expanding existing partnerships, marking significant progress implementing our Space-as-a-Service strategy,” Sidus Space founder and CEO Carol Craig said in a statement announcing the results.

Bridgeline Digital Inc has announced strong growth in revenue and gross profit for its fiscal third quarter, powered by the company's intelligent product search and recommendation engine, Hawksearch. The marketing technology software firm said revenue for the three months ended June 30, 2022, grew by 22% to $4.2 million from a year earlier, while gross profit increased by 30% to $2.9 million from the same period in 2021. "Bridgeline continues to see strong demand, especially for our site search products," Bridgeline president and CEO Ari Kahn said in a statement announcing the results. "Hawksearch is leading our growth thanks to strong partnerships with platforms, including BigCommerce, Kentico, Optimizely, and Sitefinity."

Silvercorp Metals Inc has reported its first quarter financial and operating results for the three months ended June 30, 2022, showing an increase in revenue as mined ore tonnes and rolled rose significantly. The company posted first-quarter revenue of $63.6 million, up 8% compared to $58.8 million in the prior-year quarter. It mined 300,104 tonnes of ore and milled 298,176 tonnes of ore, up 30% and 23% compared to the prior-year quarter. Silvercorp said it sold approximately 1.9 million ounces of silver, 1,100 ounces of gold, 19.1 million pounds of lead, and 6.9 million pounds of zinc in the first quarter, representing increases of 17%, 10%, and 14% in silver, gold and lead sold, and a decrease of 5% in zinc sold, compared to the prior-year quarter.

East Side Games Group Inc (ESGG) has announced its financial results for the second quarter ended June 30, 2022, showing solid growth. "Q2 was a solid quarter with 32% growth over the prior year. Total revenue for 2022 to date was $65.3 million up 43% year over year. Excluding one-time revenue items in the Q1 quarter, Q2 decreased approximately 15% from Q1 of this year, in line with industry trends. 'RuPaul's Drag Race Superstar', which launched on October 25, 2021 and 'The Office: Somehow We Manage', which launched in late January of this year in partnership with Universal Games and Digital Platforms continue to perform" said Jason Bailey, CEO of ESGG in the results statement. "Our core portfolio of active titles also performed over the quarter. These titles continued to be EBITDA drivers. This foundation is paying for the development of new titles, GameKit R&D, as well as operational cash flow," added Bailey.

Predictive Oncology Inc said it ended the second quarter of 2022 with a strong balance sheet, a solid cash position, commensurate equity, and no debt. The Minnesota-based company recognized net sales revenue of $400,000 for the three months ended June 30, 2022, an increase of 6% from the year-ago period, mainly due to a $100,000 sales contribution from its zPREDICTA subsidiary which is pioneering tumor-specific 3D cell culture services for anti-cancer drug testing. “zPREDICTA is anticipating stronger business growth in the second half of the year with current and potential customers of its validated models for multiple myeloma (existing), breast cancer (new) and pancreatic cancer (new), as well as the development of new therapies in immuno-oncology,” the company said in its results update.

Electra Battery Materials Corporation has announced the filing of its financial results for the second quarter ended June 30, 2022, and provided an update on the commissioning of its cobalt refinery located north of Toronto. "We made considerable progress on our battery materials refinery project in Q2, completing 80% of testing of existing brownfield equipment for recommissioning, 80% of all procurement, and 85% of detailed engineering," said Trent Mell, CEO of Electra Battery Materials in a statement. "But consistent with the realities facing companies who are constructing projects around the world today, we experienced the dual impacts of inflationary price pressures and supply chain disruptions firsthand during the second quarter," he added.

Aurelius Minerals Inc has announced results from the on-going underground channel sampling program at its flagship Aureus East project in Nova Scotia, which included 365 grams per tonne (g/t) gold over 2.0 metres (m) and 1,425 g/t gold over 0.5m. The gold exploration company said the gold mineralization in the 944L channels offer a significant opportunity to add new high-grade mineralization to the current mineral resource for Aureus East and potential to increase the gold resource. “These results, including the highest grade we have encountered to date, continue to demonstrate the extent and continuity of gold in this mineral system,” Aurelius Minerals CEO Mark Ashcroft said in a statement.

Maverix Metals Inc has announced its operating and financial results for the second quarter ended June 30, 2022, which show steady progress over the period. In the results statement, Dan O'Flaherty, CEO of Maverix, commented: "Maverix's portfolio had a steady second quarter related to underlying production and we welcomed Orla's declaration of commercial production at its Camino Rojo mine. There were also several meaningful developments at other assets within our portfolio, related to ongoing exploration efforts and mineral resource updates". He added: "However, given the ongoing uncertainty relating to our Omolon royalty, we believe it is prudent to exclude Omolon GEOs from our outlook for the second half of 2022. As inflation continues to impact the operating and capital costs of mining companies, our diversified high-margin royalty and stream portfolio is well-positioned to reduce exposure to rising costs and other global supply chain issues."

Infinity Stone Ventures Corp has provided an update on the soil sampling program at its Zen-Whoberi property, located north of Mont Laurier, Quebec, and also announced the appointment of Case Lewis as an independent director of the company. The soil geochemical survey of 950 samples taken on the Zen-Whoberi property revealed two new anomalous copper zones and two new anomalous nickel-cobalt zones. The cobalt zone is located 800 metres north of the known mineralization at the property, and trends roughly east-west for at least one kilometre and 100 metres in width. New trails on the property will ease the tasks of stripping and blasting. The nickel-cobalt anomalies will also be analyzed for platinum group metals (PGM), as previous work had identified a correlation between sulphides and PGM content in drill core, particularly CB-06-05 (GM 61701), the company said.

Nevada Silver Corporation has provided an update on the sale of securities of its indirectly wholly-owned subsidiary North Star Manganese Inc (NSM), with proceeds of the sale to be used to advance technical studies at the Emily manganese project in Minnesota and for general working capital. The company said as previously disclosed, it intends to issue approximately 3,000,000 shares of NSM at a price of US$0.25 per share for proceeds of approximately US$750,000. The financing comes after the split of its outstanding securities on the basis of 2.3483 new shares for each currently outstanding share.

Doré Copper Mining Corp has announced the second set of results from its 2022 drilling program of 45,000 meters at its flagship Corner Bay property, located in the Chibougamau mining camp, approximately 40 kilometers by road from Chibougamau, Quebec. As of August 10, 2022, Doré Copper said it has completed 37 holes totaling 36,135 meters and was reporting the assay results from 14 holes. In a statement, Ernest Mast, president and CEO of Doré Copper, commented: "The second set of assay results from the infill drilling program at Corner Bay continue to confirm the continuity of the copper mineralization. In addition, a representative bulk sample of one-fourth core is being shipped to a supplier's facility in the United States for additional ore sorting tests."

Nickel North Exploration Corp said it has completed its non-brokered flow-through (FT) private placement of six million FT units at 5 cents per FT unit for gross proceeds of $300,000. The company said the proceeds from the issuance of the FT Units will be used for field exploration programs on the Hawk Ridge Ni-Cu-PGE-Co project in 2022. Each FT Unit consists of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at $0.075 per common share. The warrants will have an expiry date of two years from the date of issuance, subject to acceleration. The FT private placement is subject to regulatory approval. All securities to be issued are subject to a four-month hold period under applicable Canadian securities laws. A cash fee in the amount in the aggregate of up to 7% of the aggregate gross proceeds of the sale of the FT Units sold at closing to potential investors.

Aben Resources Ltd said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on July 11, 2022, which will sess the issue of 6,042,857 shares at a purchase price of 3.5 cents per share together with 6,042,857 share purchase warrants with an exercise price of 5 cents for a two-year period with nine placees.

MedX Health Corp has announced that, in connection with its private placement, the $250,000 first tranche closing of which was announced on July 14, 2022, it has applied to the TSX Venture Exchange for an extension of a further 30 days price protection in order to complete subscriptions for up to a total of $4 million. It said further closings, will be subject to receipt of subscriptions and a number of other conditions, including, without limitation, the receipt of all relevant regulatory and stock exchange approvals or acceptances. The financing is a non-brokered private placement to accredited investors of up to $4 million by issuance of up to 80 Convertible Loan Notes, each with a face value of $50,000, the terms of which are fully described in the company's press release dated July 14, 2022.

BioLargo Inc has said it will host an investor webcast and conference call on Wednesday, August 17, 2022, at 1.00pm Pacific Time / 4.00pm Eastern Time. The event, which will be open to the public, will be held to review the company's financial results for the three and six months ended June 30, 2022, discuss recent milestones and ongoing business initiatives, and conduct a question-and-answer session. Teleconference dial-in details: Domestic 888-506-0062; International 973-528-0011; Participant Access Code 656092. Webcast Link: https://www.webcaster4.com/Webcast/Page/2448/46358.To watch or listen to a replay of the webcast or teleconference: Domestic 877-481-4010; International 919-882-2331; Replay Passcode 46358. Teleconference Replay Expiration: Wednesday, August 31, 2022; Webcast Replay Expiration: Thursday, August 17, 2023. The webcast replay and accompanying presentation materials will be made available on the Investor Relations section of BioLargo's website at www.biolargo.com/investor-relations.

World Copper Ltd said it has filed an amended National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) technical report for the Escalones copper project, located in Chile. The NI 43-101 technical report is entitled "Amended Preliminary Economic Assessment NI 43-101 Technical Report, Escalones Copper Project, Santiago Metropolitan Region, Chile" (the "Technical Report")with an effective date of February 15, 2022, and a revised and amended date of August 9, 2022. The Technical Report was prepared pursuant to NI 43-101 by Global Resource Engineering, Ltd. and Hard Rock Consulting, LLC. The technical report is available on the company's SEDAR profile at www.sedar.com and is available on the company's website at worldcopperltd.com.

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