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NA Proactive news snapshot: Vuzix, MySize, Real Luck Group, EverGen Infrastructure, QC Copper and Gold, Mountain Boy Minerals, Mednow UPDATE...

Last updated: 17:00 24 Aug 2022 EDT, First published: 10:00 24 Aug 2022 EDT

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Your daily round-up from the world of Proactive

MySize Inc (NASDAQ:MYSZ), an e-commerce platform and provider of AI-driven measurement solutions, has announced a joint venture with Santista Textil, a pioneering innovator in the Brazilian denim market. The joint venture marks the dedication of both companies to helping the retail industry exceed its sustainability goals through technology, expanding the reach of both Santista and MySize to hundreds of leading Brazilian brands and e-tailers in the country's US$33 billion apparel market. MySize Brazil said it will provide access by Brazilian retailers, brands, and e-commerce companies to MySize's MySizeID size solution and its FirstLook Smart Mirror as well as Santista's sustainable tech solutions.

Vuzix Corporation (NASDAQ:VUZI) has announced the launch of its Blade 2 smart glasses - the latest iteration of its Blade model. The glasses list for $1299.99 and will be available to buy on the company's website in September this year for shipment within the US, EU, UK, Canada and Japan. "Enterprise clients across market verticals such as healthcare, construction, security and retail already know and love Vuzix Blade's sleek, comfortable design," said Paul Travers, CEO at Vuzix.

Virtual Investor Conferences (VIC), the leading proprietary investor conference series, has released the presentations from the August Battery Metals Virtual Investor Conference held on held on August 23. The presentations are now available for on-demand viewing and will be available 24/7 for 90 days. interested parties may download the presentations at the following link: https://bit.ly/3PITJ8L

Real Luck Group Ltd (TSX-V:LUCK, OTCQB:LUKEF) and its subsidiaries (known as Luckbox) filed second-quarter results, and CEO Thomas Rosander teased the company’s next growth phase in a statement released Wednesday. The company ended the quarter with more than 700 games from six providers on its newly launched Luckbox online casino, an increase of roughly 66% in games content from the first quarter. 

EverGen Infrastructure Corp (TSX-V:EVGN) has revealed that it ended its second-quarter to June 30, 2022, with cash and cash equivalents of $17.4 million, and said it is poised for a catalyst-rich second half having reached key milestones in its expansion projects. Canada's renewable natural gas (RNG) infrastructure platform said its 67%-owned subsidiary Grow the Energy Circle Ltd (GrowTEC) is expected to complete the first phase of a core RNG expansion project designed to produce about 80,000 gigajoule per year (GJ/year) of RNG in the fourth quarter. The unit will subsequently progress into the second phase of the project, which is expected to produce a total of 140,000 GJ/year of RNG. "We are excited to see the recent transformative tailwinds develop for the RNG sector with governments and utilities around the globe increasingly focused on supporting sustainable energy infrastructure,” EverGen CEO Chase Edgelow said in the results statement.

QC Copper and Gold Inc has reported new assay results from its current drill program on the Opemiska Copper-Gold Property. It said Holes 209, 211, and 214, were drilled in the Gap Zone between Vein #1 and Vein #3 and include Vein #2. These holes intersected wide zones of copper/gold mineralization that are present as stacked zones and each hole successfully traversed open stopes and therefore do not include the high-grade mined-out vein material but only their lower-grade envelopes. Other unnamed veins, too narrow for underground mining, were also encountered. As a result, much of the material reported here was not included in Opemiska's 2021 Mineral Resource Estimate (MRE). The Gap Zone is in the Starter Pit area that demonstrated higher grades and lessor strip ratio in the MRE.

Mountain Boy Minerals Ltd (TSX-V:MTB, OTCQB:MBYMF) has announced that its non-brokered private placement of flow-through units, raising gross proceeds of $500,000 was over-subscribed and has been increased to $626,000. Each flow-through unit will consist of one common and one common share purchase flow-through warrant. The price of each unit is $0.12 and each warrant entitles the holder to purchase one common share at a price of $0.18 for a period of 29 months following the closing date of the offering. Mountain Boy also said it has arranged a non-brokered private placement of units at $0.12 per unit for gross proceeds of $119,880. Each unit will consist of one common share and one common share purchase warrant. Each unit warrant will entitle the holder to purchase one common share at $0.12 for a period of 24 months following the closing date of the unit offering.

Mednow Inc (TSX-V:MNOW, OTCQB:MDNWF) has said it is officially open to serve patients in Quebec, with its newest location serving as the pharmacy distribution center for all Mednow customers in the province, offering fast, free prescription delivery and deep commitment to holistic, pharmacist-led patient care. In addition to creating space for in-person pharmacist consultations and clinics the around 6,300 square foot facility prioritizes virtual patient care with a thoughtfully designed space for multiple pharmacists to do real-time private virtual patient consultations and medication reviews and provide virtual clinic services and prescriptions for minor ailments. "We're thrilled to serve Quebec. Launching in Quebec is in line with our goal of being a truly national virtual pharmacy operating all across Canada, serving Mednow patients where they live and work," said Ali Reyhany, Mednow CEO in a statement.

Nextech AR Solutions Corp has announced that ARway, its no-code spatial computing platform for the real-world metaverse, is adopting LiDAR technology to create hyper-accurate meshes for its metaverse spatial mapping software. The move to LiDAR technology enhances the ability of ARway to create high-quality meshes and spatial mapping solutions, and will set the stage for a leadership position in the rapidly-growing wayfinding and spatial computing market, said the Toronto-based metaverse company and leading provider of augmented reality. “We are constantly analyzing new technologies which can give us a competitive edge in the market and with our adoption of LIDAR, which is bleeding edge technology, we believe we have gained that edge,” Nextech CEO Evan Gappelberg said in a statement.

American Manganese Inc, doing business as RecycLiCo Battery Materials, and its R&D partner Kemetco Research Inc announced that the company has achieved over 99% lithium recovery from lithium iron phosphate (LFP) battery cathode materials during bench-scale tests. The company said that since 2016, it has facilitated up to 100% extraction of valuable battery materials from chemistries rich in nickel, manganese and cobalt. LFP now joins the list. These battery cathode chemistries all contain lithium, which has risen over 350% in price year-over-year. "Despite the changing composition and exclusion of nickel, manganese, and cobalt in the cathode-lithium remains a core element in the lithium-ion battery and a significant value driver for efficient and environmentally friendly recycling processes that can achieve high-extraction of lithium," Zarko Meseldzija, CTO of American Manganese said in a statement.

DRDGOLD Ltd (NYSE:DRD, JSE:DRD, OTC:DRDGF), which recovers gold from processing mine dumps and tailings dams, said it 'held its own' in fiscal 2022 as the mining firm posted full-year results for the period to June 30. The company declared a final dividend of 40 South African cents—its 15th consecutive year of dividend payments and said it remained committed to investing in the sustainability and growth of the business despite the challenges of operating globally and in South Africa.

Wishpond Technologies Ltd has announced record revenue of $5,007,343 for the second quarter ended June 30, 2022, a 55% increase from a year ago, on the back of an expanded sales team, new product introductions and acquisitions. The marketing-focused online business solutions provider also revealed that it had returned to a positive net cash position of $81,354 for the second quarter, compared to negative $801,512 in the same quarter a year ago. "We are very pleased with our second quarter results, which proved to be the strongest quarter in the company's history, with 55% year-over-year growth compared to the same period last year,” Wishpond chairman and CEO Ali Tajskandar said in a results statement. “I am particularly proud of having achieved a significant milestone of $20 million annualized revenue run-rate.”

Snowline Gold Corp has posted encouraging early drill results from this year's program at its Valley discovery at the Rogue project in the Yukon, which show the potential to expand the system. One of the holes, for which assays were released, hit 2.30 grams per ton (g/t) gold, starting at bedrock surface, over a long length of 282.9 metres (m). That included an intercept of more than 146m from 56m depth at 3.24 g/t of the yellow metal. Results for the final 127m of the hole's depth are still pending. Also in the statement, the company reported that the first-ever drilling at the Gracie Zone at Rogue had started, with visible gold observed in the first hole.

Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc has announced the launch of its new Affiliate & Social Influencer Marketing platform for Qples by Fobi as consumer packaged goods (CPG) manufacturers seek to increase the distribution of their offers amid rampant inflation. The company said it would generate revenue from this platform by selling physical and digital coupon activations to retailers and CPG brand manufacturers. According to Fobi, the platform provides a valuable means for social influencers to monetize their audience by enabling the distribution of offers at scale across a localized, regional, national, and global scale.

Kenorland Minerals Ltd (TSX-V:KLD) announced that it has begun exploration activities and outlined the 2022 exploration budget at its Tanacross project in Alaska, which is held under an earn-in agreement with a wholly-owned subsidiary of Antofagasta PLC (LSE:ANTO). The North-American focused exploration company said the 2022 field program includes various geophysical, geological, and geochemical surveys covering the East Taurus, McCord Creek, West Taurus, and South Taurus target areas. “This comprehensive exploration program will create a strong foundation for future drill targeting,” Kenorland Minerals CEO Zach Flood said in a statement.  

Fabled Copper Corp has announced additional results of 2021 surface fieldwork on its Muskwa copper project, showing mineralization in the Toro claim consisting of copper-bearing quartz iron carbonate veining hosted in Proterozoic carbonates. The Muskwa project is comprised of the Neil, Toro and the Bronson properties located in northern British Columbia. Peter Hawley, Fabled Copper CEO said: "To date we have reported on the geology and sampling on the numerous copper occurrences on the Neil and Bronson properties in addition to the geophysical and UAV drone missions. We now would like to report on our findings on the Toro property conducted during the 2021 summer field season."

Nevada Silver Corporation (TSX-V:NSC) said it has received encouraging first drill core assays from its recent drill testing of six priority targets at its Belmont Silver project in Nevada. Highlights from the results include an intersection of 440 grams per tonne (g/t) of silver and 0.99% lead between 27.74 metres (m) and 28.47m in drill hole BS2202. The company said the high-grade silver was included within a wider interval between 26.76m and 30.82m, which averaged 134 g/t of silver and forms part of a fault/crush zone that appears to be trending at a high angle to the drill core.

NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) announced it has beefed up its executive team with two new appointments. The innovative compostable materials company has appointed Chris Murray as vice president of sales and marketing, and Kam Mangat as vice president of investor relations and corporate strategy. In a statement, Vancouver-based NEXE said that the moves enhance its leadership team to support and implement its strategic priorities.

Star Royalties Ltd (TSX-V:STRR) has posted second-quarter results with revenue jumping 26% year-over-year as the Elk Gold Mine became the company’s second producing royalty asset. For the period ended June 30, 2022, the Toronto-based precious metals and carbon credit royalty and streaming company reported revenue of $264,203, compared to revenue of $208,948 in 2Q 2021. Significantly, the strategic investment by Agnico Eagle Mines Limited into Green Star Royalties was completed in May this year. Star Royalties now holds a 61.9% stake in Green Star, and Agnico Eagle owns a 35% stake, while 3.1% belongs to the company’s management team. Star Royalties said it recognized an $18.6 million gain on the deconsolidation of Green Star.

BetterLife Pharma Inc (CSE:BETR, OTCQB:BETRF) has said a recent study of the nootropic effects of LSD, published in the scientific journal Experimental Neurology, has provided new evidence that LSD has nootropic effects, which are believed to be driven by neuroplasticity promotion. Researchers of the study, "Nootropic effects of LSD: Behavioral, molecular and computational evidence," have found that LSD increased neuroplasticity in “human brain organoids, increased novelty preference in rats, and improved memory performance in humans.” Increased structural plasticity in the brain neurons, mainly prefrontal cortex, has also been linked to sustained antidepressant effects. “These results confirm that our proprietary BETR-001, an LSD analog, retains the anti-depressant and neural plasticity activity of LSD without causing hallucination,” BetterLife Pharma CEO Ahmad Doroudian said in a statement. 

TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) has announced the start of an exploration program on its Shotgun Gold Project in Alaska. The pending green energy metals royalty and gold company said the 2022 field program at the Shotgun and Winchester prospects will investigate the geochemical anomalies generated by the 1998 Novagold Resources soil surveys and the geophysical targets indicated by anomalies from the SJ Geophysics 2011 and 2012 electromagnetic (EM) surveys. “The company's strategy with the Shotgun Gold Project is to attract a partnership with a major gold mining company,” TNR Gold CEO Kirill Klip said in a statement.   

Newrange Gold Corp said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on August 2, 2022, which will see the issue of 10 million shares at a purchase price of 3 cents per share together with 10 million share purchase warrants with an exercise price of 5 cents for a two-year period with 17 placees.

Falcon Gold Corp (TSX-V:FG, OTC:FGLDF) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on August 10, 2022, which will see the issue of 4 million shares at a purchase price of 7.5 cents per share together with 4 million share purchase warrants with an exercise price of 10 cents for a three-year period with six placees.

World Copper Ltd (TSX-V:WCU, OTCQX:WCUFF) said it has received TSX Venture Exchange acceptance of the Paradox Public Relations Inc agreement and has granted to Paradox one million stock options at an exercise price of 31 cents for a period of 36 months. The options will vest in stages over a 12-month period, whereby 25% of the options will vest each quarter. The option grant includes a four-month hold period.

Kootenay Silver Inc said the TSX Venture Exchange has accepted for filing documentation relating to the purchase and sale agreement dated July 22, 2022, between the company and Aztec Minerals Corp. (TSX-V:AZT, OTCQB:AZZTF) Under the terms of the agreement, the company will sell its 35% interest in the Aztec Minerals (Mexico) JV Corp. to Aztec for a consideration of 10 million common shares of Aztec at a deemed price of 25 cents per Aztec share. Upon completion of the transaction, Aztec Minerals (Mexico) JV will be a wholly owned subsidiary of Aztec. The company will retain a 0.5% net smelter return royalty on certain mineral products that are produced or extracted for use or commercial sale from the Cervantes property.

Aurion Resources (TSX-V:AU) Ltd said the TSX Venture Exchange has accepted for filing a letter agreement dated August 5, 2022, between the company and Tertiary Minerals PLC (AIM:TYM), whereby the company will acquire and cancel royalties on the Kaaresselka and Kiekeromaa gold prospects, which were acquired under an asset purchase agreement and a royalty agreement between the company and Tertiary, both dated December 1, 2016. Consideration is $200,000 and 83,333 common shares.

OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, has announced that ACME Lithium Inc, a mineral exploration company, has qualified to trade on the OTCQX Best Market and has today upgradedfro m the OTCQB Venture Market under the symbol ACLHF. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors.

Think Research Corporation (TSX-V:THNK, OTCQB:THKKF) has announced that it will release its financial results for the three months ended June 30, 2022, before the market opens on August 29, 2022. Think's financial statements and Management Discussion and Analysis will be available under the company's profile on SEDAR and on the company's website as of 7:30 a.m. Eastern Time. Its management will hold a conference call on August 29, 2022, at 9.00am Eastern Time hosted by CEO Sachin Aggarwal and interim CFO John Hayes with a Q & A session to follow. Conference call dial-in details: Toronto 416-764-8659; North American Toll-free 1-888-664-6392; Conference ID: 61386443; Webcast: https://app.webinar.net/y5Ag9m7L36M. A transcript of the call will be posted on the company's website at www.thinkresearch.com within 48 hours of the call.

Graphene Manufacturing Group Ltd (TSX-V:GMG, OTC:GMGMF) (GMG) has provide an update to the composition of the company's board of directors and company secretary roles which will support GMG as it proceeds into its next phase of development. Frederick Kotzee, who recently joined the company as chief financial officer and will now join the board of directors. It added that Anjana Reddy, the current General Manager Business Services of the company who oversees legal, commercial and HR functions, has been appointed as company secretary. GMG's CEO Craig Nicol commented: "I'm looking forward to Frederick's and Anj's additional contributions following their displays of high quality leadership and professionalism in their roles." Guy Outen, GMG's chair added: "I'm delighted to welcome Frederick to the board and Anj as a Company Secretary. Their past successes in various companies in these respective roles and recent contributions to GMG give me confidence that they will be great assets to the board and in supporting GMG's significant aspirations."

 

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