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News snapshot: Cloud DX, Universal Ibogaine, Burcon NutraScience, Logiq, Lavras Gold, Magna Mining, Psyched Wellness UPDATE...

Published: 16:30 08 Nov 2022 EST

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Brookside Energy Ltd (ASX:BRK) is drilling at the Juanita Well Operations at the expanded Bradbury Area of Interest (AOI) within the Arbuckle Uplift-Ardmore Basin in Oklahoma.

The drill was mobilised to the well site, rigged up and tested, and Juanita has spudded, with its surface hole already drilled, cased and cemented.

Aftermath Silver (TSX-V:AAG) Ltd said it is increasing the size of its previously-announced, non-brokered private placement from up to 11,764,705 company units to up to 17,647,058 units at a price of $0.17 per unit.

The junior explorer noted that it intends to use the net proceeds from the offering for metallurgical and other technical studies on the Berenguela silver-copper project in Peru, as well as the Challacollo silver-gold project in Chile, and for general working capital purposes.

Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc, a leading digital health platform, saw its shares rise sharply after announcing C$5.2 million of co-investment from the Digital Supercluster to create the Continuous Connected Patient Care (CCPC) digital platform.

This will allow the continuous remote monitoring of recently-discharged patients and is expected to improve patient outcomes and free up hospital resources, the company said.

Stifel GMP remains bullish on Mongolia-focused miner Steppe Gold Limited (TSX:STGO, OTCQX:STPGF), which beat the broker's estimates on earnings per share (EPS) in its latest third quarter.

In the three months to end-September, Steppe reported adjusted underlying earnings (EBITDA) of US$10.48 million on revenue of US$21.7 million, while EPS was US$0.08 compared to Stifel's estimate of US$0.05.

Magna Mining Inc (TSX-V:NICU) has unveiled an initial resource estimate for the Denison project in Sudbury, Ontario, which it recently acquired, and which showed a total indicated resource of more than 31 million tonnes, sending shares surging.

The company has just closed the acquisition of Lonmin Canada, which owned the property that includes the past producing Crean Hill mine, a significant producer of nickel-copper-platinum-palladium and gold for over 80 years.

Avalon GloboCare Corp (NASDAQ:AVCO) is set to buy a 60% stake in Laboratory Services MSO as it expands its focus on lab testing and services in what it called a 'transformative' deal worth $31 million.

California-headquartered Laboratory Services has completed over 600,000 tests since inception. Last year the company posted unaudited revenue of over $25 million and net income in excess of $10 million.

Nextech AR Solutions Corp has announced multiple platform development updates to its Toggle3D design studio, including new templates and file format availability.

Launched in September, Toggle3D is an AR-enhanced web application that allows users to create and publish high-quality 3D models and experiences without any prerequisite technical or 3D design knowledge.

Scottie Resources Corp. (TSX-V:SCOT) reported new assays on its Blueberry Contact Zone, including an intercept of 20.3 grams per ton (g/t) gold over 2.1 meters (m) that extends the length of the Blueberry Contact Zone by 250m, to a total length of 1.45 kilometers (km).

The Blueberry Zone is located just 2 km northeast of the company’s wholly owned royalty-free past-producing Scottie Gold Mine located in Canada's Golden Triangle region in British Columbia. Despite high-grade surficial samples and easy road access, the Blueberry Vein had only limited reported drilling prior to the company's exploration work.

Lucky Minerals (TSX-V:LKY, OTC:LKMNF) Inc told investors that it has been encouraged by fieldwork at its Wayka epithermal gold discovery at its Fortuna project in Ecuador, where it continues to find "feeders" north of the initial discovery zone.

Wayka lies along a ridge that trends northeast up to 3,700 metres (m) above sea level and is bound to the east by the El Buitre porphyry and to the west by the Emma porphyry and geological mapping, trenching and channel sampling is ongoing there.

PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) has announced the successful completion of the high-temperature operational testing phase at its Gen3 PUREVAP Quartz Reduction Reactor (QRR) pilot plant.

An operational test phase, which consisted of a series of optimization and repeatability tests of the production process, were conducted over the past several weeks. The QRR pilot plant, the first state-of-the-art prototype of its kind, includes multiple systems that must operate at extremely high temperatures, under vacuum and under harsh conditions, the company said. 

Willow Biosciences Inc. (TSX:WLLW, OTCQB:CANSF) has entered a master services agreement with Kalsec Inc to develop and commercialize a precision fermentation production process for use in functional foods.

Kalamazoo, Michigan-based Kalsec produces advanced hops ingredients for the food and beverage industry. The agreement consists of research and development, and scale-up phases, with Willow generating revenues from research fees and milestone payments.

LQwD FinTech Corp said it intends to consolidate its shares to increase the company’s flexibility and competitiveness in the market and to make its securities more attractive to a wider audience of potential investors.

The company said on October 18, 2022, its board of directors approved the consolidation on the basis of 10 pre-consolidation shares for one post-consolidation share.

Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) has announced the final analytical results of the Phase III summer 2022 diamond drilling program at its flagship 20,006-hectare Davidson River project in Saskatchewan, which included the intersection of “significant structure and favorable alteration zones” that have defined high-priority follow-up target areas for the planned 2023 summer/fall drill program.

The uranium exploration company said the Davidson River Phase III program comprised 10 drill holes totalling 4,107.7 metres of diamond drilling along the Thunderbird and Bronco conductive trends.

Logiq Inc. (NEO:LGIQ.AQN, OTCQX:LGIQ), a provider of digital consumer acquisition solutions, said it recently signed a managed services contract with an undisclosed client that is estimated to generate $2 million to $3 million in revenue per month going forward.

The client, whose name was not disclosed for competitive reasons, is a mid-sized operating business, not an agency nor a reseller, Logiq noted. 

Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has inked a rig contract with CWC Ironhand Drilling (CWC) which will drill the company’s next well at the Paradox basin project in Utah.

The planned State 36-2 LNW-CC well will be the first of three wells designed to further delineate Zephyr's acreage position in the project, the company highlighted in a statement.

Teenagers will now be able to study for a BTEC in esports thanks to a pioneering new initiative by the David Beckham-backed company, Guild Esports PLC (LSE:GILD, OTCQB:GULDF).

It has teamed up with SCL Education to create the Guild College, which will provide level-two and level-three diplomas.

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) is making strong progress in ongoing work at the South Crofty mine in Cornwall.

Following the £40.5mln financing in May 2022, the company has been pressing ahead with plans to dewater the old mine, and construction of a water treatment plant is now well underway.

Poolbeg Pharma PLC (AIM:POLB, OTCQB:POLBF) said researchers have identified "multiple" drug targets for respiratory syncytial virus (RSV) using artificial intelligence.

RSV is a cold-like condition to which young children and the elderly are particularly vulnerable. Currently, it is poorly treated.

Thunderbird Entertainment Group Inc (TSX-V:TBRD, OTCQX:THBRF) said its annual general meeting previously scheduled for December 6, 2022 will be postponed to allow the company to properly consider the announcement made by a shareholder, Voss Capital LLC, on November 4, 2022 stating its intention to nominate a slate of new directors for Thunderbird. Thunderbird is reviewing this announcement and will determine the next steps, including a new date for the AGM, in due course. In the meantime, there is no need for shareholders to take any action. The company has applied to the British Columbia Registrar of Companies for an extension and intends to hold its AGM not later than March 6, 2023.

 

Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF) said its third quarter 2022 financial results will be released after market close on November 9, 2022, followed by a conference call with its president and CEO Dominic Duffy for investors and analysts on November 10, 2022, at 8:00am ET. Analysts and interested investors are invited to participate using the following dial-in numbers: Toll free 877 407 8289; Conference ID: 13734270

 

Aion Therapeutic Inc. (CSE:AION) said it has filed its annual financial statements and management discussion and analysis for the year ended April 30, 2022 as well as its interim disclosure documents for the three-month period ended July 31, 2022. These documents can be accessed under the company’s profile on SEDAR.

 

Emerald Health Therapeutics Inc (CSE:EMH, OTCQX:EMHTF) and Skye Bioscience Inc (OTCQB:SKYE) said they intend to close the previously-announced Plan of Arrangement on or about November 10, 2022. The companies have also waived the condition that Skye obtain a conditional approval to list its shares on the Canadian Securities Exchange (CSE) prior to closing the Arrangement. They said after careful consideration, both have determined that closing the transaction at this time was in their mutual best interest. The closing of the Arrangement will, among other things, result in Emerald Health shareholders receiving their shares of Skye under the Arrangement and will allow Emerald Health to complete the sale of its remaining cannabis assets and create funds to be utilized in Skye’s Phase 1 clinical trial, which is expected to begin before the end of 2022. Although the conditional listing requirement has been waived, Skye has covenanted that it will use its best efforts to obtain the listing of its shares on the CSE as soon as possible. The Skye listing application was submitted to the CSE on August 31, 2022 and is currently under review.

 

Golden Minerals Company (NYSE-A:AUMN, TSX:AUMN, ETR:7GB) intends to release its third quarter 2022 financial results and hold its quarterly management conference call and webcast on Thursday, November 10, 2022. The results will be released before 7:00am ET on November 10, 2022, while management’s conference call and webcast will be held at 11:00am ET. During the call, Golden’s management team will discuss the third quarter performance as well as recent project updates. Phone lines will be opened for a live Q&A session after the presentation. The webcast will also be available for replay at http://www.goldenminerals.com/ after November 10, 2022. 

 

Wishpond Technologies Ltd. (TSX-V:WISH, OTCQX:WPNDF), a provider of marketing-focused online business solutions, has announced that it expects to release its third quarter financial statements and corresponding management's discussion and analysis for the three months to September 30 this year before market open on Thursday, November 17, 2022. The company said it will also host a conference call to discuss the results on the same day at 10am PT (1pm EST). The call will be hosted by chairman and CEO Ali Tajskandar and David Pais, the CFO. Webinar registration details can be found here: https://bit.ly/WISH_Q3Results

 

DRDGOLD Ltd (NYSE:DRD, JSE:DRD, OTC:DRDGF) announced that CEO Niel Pretorius will be attending the Q4 Investor Summit live in NYC at the Sheraton Times Square. During the presentation, Pretorius will introduce the company and its value proposition of gold-price exposure, ESG and dividend history. The presentation will be made available on the DRDGOLD website at www.drdgold.com on 14th November 2022.

 

Bloom Health Partners Inc (CSE:BLMH, OTCQB:BLMHF) announced that Jessica Federer has resigned from the board of directors of the company to focus on another venture. Marlis Yassin has also resigned as Chief Financial Officer of the company. The board of directors thanks Mses. Federer and Yassin for their service to the company.

 

Versus Systems Inc. (NASDAQ:VS, CSE:VS) announced that its Board of Directors has approved a 1-for-15 reverse split of its common shares to comply with Nasdaq’s listing requirements. The Consolidation is effective as of the close of trading on November 8, 2022. As a result of the consolidation, every 15 common shares of the company will be converted into one common share, reducing the number of issued and outstanding common shares from approximately 31.1 million to approximately 2.1 million. Versus expects its common shares to commence trading on a split-adjusted basis as of the open of trading on November 9, 2022.

 

American Resources Corporation (NASDAQ:AREC) announced it will report its third quarter 2022 financial results on Tuesday, November 15, 2022. The American Resources management team will host a conference call and live audio webcast to provide a business outlook at 4:30 PM ET that same day. Interested participants and investors may access the conference call by dialing (877) 407-4019 and referencing American Resources Corporation's Third Quarter 2022 Conference Call, or by the webcast link here: https://pr.report/tp2DlC61.

 

Vicinity Motor Corp. (TSX-V:VMC) announced that it will release financial results for the third quarter ended September 30, 2022, after market close on Tuesday, November 15, 2022. Management will host an investor conference call at 4:30 p.m. Eastern time the same day to discuss the results, provide a corporate update, and conclude with a question and answer session from telephone participants. To participate, please use the following information: U.S./Canada Dial-in: 1-844-850-0545; International Dial-in: 1-412-542-4118; Conference ID: 10173008; Webcast: Vicinity Motors Q3 2022 Webcast https://pr.report/7QkIbeAE

 

NioCorp Developments Ltd. (TSX:NB, OTCQX:NIOBF) announced that it has filed a Form S-4 Registration Statement with the U.S. Securities and Exchange Commission regarding the company's proposed Business Combination Agreement with GX Acquisition Corp II. The filing of an S-4 is a key milestone in the process and helps NioCorp and GXII continue to advance the proposed deal to closing. The proposed transaction values the combined entity at an estimated enterprise value of $313.5 million. The deal is expected to close in the first quarter of 2023, subject to effectiveness of the registration statement on Form S-4 that NioCorp filed, the satisfaction of customary closing conditions. The form can be seen on NioCorp's website at https://www.niocorp.com/S-4_filing_excerpts/.

 

Sidus Space Inc (NASDAQ:SIDU) announced its participation at Space Tech Expo Europe 2022 in Bremen, Germany from 15 to 17 November 2022. The event is considered the most important European B2B exhibition and conference for the space industry. Sidus CEO Carol Craig and team will be showcasing LizzieSat, a multipurpose satellite designed to integrate multiple technologies, at the event with Dutch space companies that include Dawn Aerospace who specializes in space transportation. “With our expanded focus on international partnerships, we are very pleased to participate in such a significant international space conference. Our team looks forward to interacting with and progressing meaningful relationships with our colleagues, customers and partners,” said CEO Carol Craig.

 

Lobe Sciences Ltd (CSE:LOBE, OTCQB:LOBED) announced that Philip Young, CEO and Executive Director, will present at the MONEYSHOW VIRTUAL EXPO, November 10th at 10:40AM EDT. The presentation will be available on demand through the MONEYSHOW VIRTUAL EXPO Meeting site at this link: https://www.newsfilecorp.com/redirect/KJoB8uxg1p. Registration for the event is accessible via the following link: https://www.newsfilecorp.com/redirect/ErQvyfZaLE. The company will also participate in one-on-one meetings during the conference.

 

Blue Sky Uranium Corp. (TSX-V:BSK, OTCQB:BKUCF) said that it is presenting at Virtual Investor Conferences upcoming Uranium Virtual Investor Conference to be held on November 8, 2022 at 10:00 am PT/1:00 pm ET. Investors can register for the conference at: https://bit.ly/3WqshkN.

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