Proactive news headlines: MGC Pharmaceuticals, Seeing Machines, Apollon Formularies and more...
Jan 6, 2022
Fidelity Minerals Corp has outlined the recommendations of the author of an NI 43 101 technical report, as previously reported, for its Las Huaquillas project in Peru ahead of a potential resource update for the asset, which includes 5,000 metres (m) of drilling. In a statement, the company said that it had now filed the report, which was authored by Luc Pigeon, on January 4, 2022 with an effective date of December 18, 2021. Cabral Gold Inc (TSX-V:CBR) has outlined its plans for 2022 and provided a summary of successes achieved during 2021 at the Cuiú Cuiú gold district in northern Brazil. The company said it is looking forward to continuing its aggressive exploration program in 2022 and is planning an expanded drill program at its PDM target following encouraging drill results in December which included 22.4 metres (m) at 4.8 grams per ton (g/t) gold from the granitic rocks below the recently identified gold-in-oxide blanket. This drilling will determine the dimensions and grade of the new mineralized zone. Benchmark Metals Inc has reported the resumption of drilling this month to expand gold-silver zones at its flagship Lawyers Gold-Silver project in British Columbia. The program will continue from the 83,570 metres (m) completed in 2021 as the company anticipates drilling 20,000m during the winter drill program to expand and define the existing resource areas and to advance the new discovery at the Marmot Zone. Belmont Resources Inc (TSX-V:BEA) has revealed encouraging new drill results from its Lone Star copper-gold project in Washington State that show multiple zones of mineralization. Drilling intersected wide zones of high-grade copper mineralization of up to 18.5%, with elevated gold up to 10.4 grams per ton (g/t) and silver up to 106 g/t. Levitee Labs (CSE:LVT) Inc announced that it has formed a medical advisory board consisting of experts across a diverse group of fields, including addiction, mental health, drug development, compounding, chronic pain, policy, neurology, and psychedelics. The Vancouver, British Columbia-based company said that it methodically recruited each member of the new medical advisory board for their individual expertise and cumulative synergies that will facilitate expeditious and efficient growth through connections to other thought leaders and major players in all relevant industries. Northstar Gold Corp said its phase IIB surface exploration program at the Miller gold property near Kirkland Lake, Ontario has extended the Allied Syenite gold zone 130 metres (m) to the east and southeast. Notably, this zone has now been defined by drilling and surface sampling to measure 350m by 200m and remains open along strike to the northwest and southeast. Safe-T Group (NASDAQ:SFET) Ltd has advised investors that its fourth-quarter revenue is likely to reach $3.6 million, an increase of more than 170% from the $1.3 million reported for the quarter ended December 31, 2020. The company, a global provider of cybersecurity and privacy solutions, said the expected increase will take full-year revenue to above $10 million, more than double the $4.8 million reported for its 2020 fiscal year. PlantX Life Inc has announced the opening of XMarket Café at Rideau Hudson’s Bay in Ottawa. The 100% plant-based café features carefully crafted vegan beverages and plant-based food options with ingredients sourced from Ottawa businesses, including local bakery Marcie’s Café. Bloom Health Partners Inc (CSE:BLMH, OTCQB:BLMHF) announced that it has opened a new location in New Jersey to provide health services to the population-dense northeast seaboard. The new location will serve the surrounding metropolitan areas like New York City, Philadelphia, Boston and Washington, DC. CleanSpark Inc (NASDAQ:CLSK) , a sustainable bitcoin mining and energy technology company, has released an unaudited Bitcoin production and operations update, saying that it held 633 of the cryptocurrency as of December 31, 2021. The Las Vegas, Neveda-based sustainable bitcoin mining and energy technology company said it sold 414 bitcoin during December 2021 at an average of $49,791 per bitcoin to support growth and operations. “As of the date of this release, daily BTC production has reached a high of 9.5,” said the company. Todos Medical Ltd. (OTCQB:TOMDF) chief executive officer Gerald Commissiong has issued a letter to shareholders outlining the company’s progress towards a Nasdaq uplisting expected in the first half of 2022, its acquisition of NLC Pharma assets, and coronavirus (COVID-19) testing. Commissiong told investors that Todos expects the clinical data from the Phase 2 clinical trial of its botanical drug candidate Tollovir to be released on January 26 and will provide further details around the data’s release in the weeks ahead. GameSquare Esports Inc has congratulated its CEO, Justin Kenna, and Christina Grushkin, head of sales for its Complexity Gaming business, for being named as top executives defining the future of advertising in video games and esports by Business Insider. The Business Insider list includes executives from leading companies such as Anheuser-Busch, McDonald's, Verizon, State Farm, Nike, and Honda as well as top agencies and esports organizations like Dentsu, Omnicom Media Group, and Evil Geniuses. Logiq Inc. (NEO:LGIQ.AQN, OTCQX:LGIQ) , a provider of e-commerce and fintech business enablement solutions, told investors it expects to report an 87% rise in fourth-quarter revenue to a record $12.3 million. The company said its gross margin for the three months to December 31, 2021, is also expected to expand to record levels, exceeding 34%, from 29.5% in Q3 and 21.1% in the same year-ago quarter. BioHarvest Sciences Inc. (CSE:BHSC, OTC:CNVCF) has posted another strong quarter of sales growth for VINIA, its nutrient-rich red grape supplement, in both its primary markets of Israel and the United States. For the fourth quarter ended December 31, 2021, the biotech reported sales orders of 825,000 from its direct-to-consumer ecommerce business, up 17% from the third quarter. The firm said it also represented “triple the sales orders from the same quarter in 2020.”
Lucky Minerals (TSX-V:LKY, OTC:LKMNF) Inc has announced a strategic partnership with Hubbard Drilling Services ahead on an upcoming drill program at the Wayka gold discovery on its Fortuna project in 2022. The firm also announced a non-brokered private placement to raise just over C$2 million to support its drill program. Phunware Inc (NASDAQ:PHUN) has announced two new strategic supplier relationships in support of a Consumer Electronics Show-inspired series of optimized high-performance computers provided by its LYTE Technology business unit. “With these new strategic supplier relationships, we took the guesswork out of selecting the right personal computer systems for power users’ needs,” said Caleb Borgstrom, vice president and general manager of LYTE by Phunware, in a statement. Synairgen PLC (AIM:SNG, OTC:SYGGF) has announced a partnership with Ashfield Engage, a specialist in strategic engagement and commercialisation in the healthcare sector, as it advances the SNG001 antiviral product for the treatment of COVID-19. Ashfield will support the company as it builds commercialisation infrastructure for the needs of SNG001, Ashfield said in a statement, initially in the US, pending completion of pivotal trials and regulatory authorisations. FPX Nickel Corp (TSX-V:FPX) said that it has confirmed the continuation of a new nickel discovery at the Van target on its Decar nickel project in central British Columbia. Drill results from the final three holes in the 2021 program revealed the continued near-surface lateral extension of the discovery, according to a statement from the company. CO2 GRO Inc (TSX-V:GROW, OTCQB:BLONF) has told investors that three months into a commercial feasibility study using its CO2 Delivery Solutions system at a California greenhouse yield targets are being met and its Pathogen Perimeter Protection is also successfully suppressing powdery mildew. In a progress update, the Toronto-based company said both factors are a key focus of the commercial feasibility. Hydrogen Utopia International PLC (HUI), a company that is partnering with Powerhouse Energy Group PLC (AIM:PHE, ETR:BT81) aims to turn non-recyclable waste plastics into hydrogen in several European countries, saw its shares surge higher as it began trading on London’s AQSE Growth Market today. Under the ticker ‘HUI’, the company has been admitted to the access segment of AQSE after an initial public offer where it raised £3mln before expenses at a price of 7.5p. With the announcement, Nextech said it is validating its proprietary CAD-Poly 3D modeling technology called ARitize CAD. Golden Tag Resources Ltd has told investors that diamond drilling at its San Diego project in Mexico is expected to get going within days after the work paused at year-end. The now expanded 4,500-metre (m) program is following up on 4,716m of drilling, which were completed and reported in the first half of last year. Sassy Resources (CSE:SASY, OTCQB:SSYRF) announced that it signed a binding letter of intent (LOI) to acquire up to 100% of the Highrock Uranium Project in Saskatchewan’s Athabasca Basin from Forum Energy Metals Corp (TSX-V:FMC, OTCQB:FDCFF) . The company said the drill-ready Highrock project is a potential high-impact exploration play that gives its shareholders exposure to a dynamic sector benefiting from the global energy transition, which is driving significant new investment in nuclear demand. Hapbee Technologies Inc (TSX-V:HAPB, OTCQB:HAPBF) has unveiled the latest generation of its smart wearable device and app at the highly influential consumer electronics show (CES) in Las Vegas and told investors now is a "pivotal" time in human history as billions struggle with anxiety and stress amid the pandemic. The firm is also showcasing its Sleepbee Sleep Mask and Sleepbee Mattress Topper at this year's conference, which runs between January 5 and 8, 2022. Primary Health Properties PLC (LSE:PHP) (PHP) said today it plans to pay four interim dividends to its shareholders in equal installments throughout the year. The first quarterly dividend in 2022, which will be 1.625p per ordinary share, will be paid on 25 February to those on the company’s register at the end of business on 14 January. Braxia Scientific Corp said it has entered into a securities purchase agreement with institutional investors for a private placement of its common shares and warrants for gross proceeds of approximately C$3 million. Under the private placement, the company will issue 30,000,000 common shares (or common share equivalents) together with warrants to purchase up to an aggregate of 30,000,000 common shares at a purchase price of C$0.10 each. Each warrant will entitle the holder to purchase one common share at an exercise price of C$0.125 per common share for a period of five years following the issuance date. Vicinity Motor Corp. (TSX-V:VMC) has announced the receipt of a new C$3.5 million purchase order from North American private transit operator First Transit Inc for eight Vicinity Classic buses. Vancouver-based Vicinity said the 35-foot clean-diesel buses are due for delivery in 2022 and will service the city of Yellowknife in Canada’s Northwest Territories. Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) announced today a collaboration with US semiconductor designer Ambarella to bring integrated advanced driver assistance system (ADAS) and occupant and driver monitoring system (OMS and DMS) solutions to the market. The AIM-listed computer vision technology company says its OMS and DMS solutions will be provided to Ambarella’s edge artificial intelligence perception systems-on-chip to create complete and integrated DMS and ADAS solutions. Vuzix Corporation (NASDAQ:VUZI) has announced a collaboration with Fielmann Group, one of the largest manufacturers of glasses and eyewear products in the world, and TeamViewer, an AR productivity solution platform provider and Vuzix value-added reseller. Hamburg, Germany-based Fielmann currently supports over 11,000 enterprise customers and provides individual workstation and protection glasses, as well as hearing protection, to over 100,000 employees across Europe. Fielmann also has an existing relationship with TeamViewer. It is currently assisting companies with the selection of suitable glasses, fitting of smart glasses, and training their staff. Kodiak Copper Corp. (TSX-V:KDK) has told investors that 2022 is shaping up to be a potentially transformative year for the company as it embarks on another exploration season at its flagship MPD copper-gold project in Southern British Columbia, as well as a maiden drill program at its Mohave copper porphyry project in Arizona. In an annual letter to investors, the company’s president and CEO Claudia Tornquist said the chance for more discoveries, combined with its strong treasury and share structure presents a compelling opportunity to create value for shareholders. Binovi Technologies Corp. (TSX-V:VISN, OTCQB:BNVIF) said it has appointed Jatinder Dhaliwal as its chief executive officer and to the company's board of directors. A registered pharmacist, Dhaliwal is the director of multiple publicly traded companies and has extensive knowledge in agricultural, medical and pharmaceutical operations, Binovi said. Thesis Gold Inc (TSX-V:TAU) has hailed initial drill results from the Ridge zone at its Ranch project in British Columbia, which showed strong continuity of high-grade gold and silver from near-surface to a vertical depth of 160 meters (m). The assays come from the first six of a 12-hole program last year at Ridge, during the firm's inaugural drill program at the asset in the Golden Horseshoe area. AMPD Ventures Inc has announced that Ian Wilms has joined the company as vice president of Business Development and Government Affairs to accelerate its domestic and international growth. The company noted that Wilms is a seasoned senior executive with over 26 years of experience. For 14 years, he led procurement, consulting, and public safety teams across Canada and Latin America for IBM. NetCents (CSE:NC, OTCQB:NTTCF, Frankfurt Code :26n) Technology Inc has announced the appointment of Sholeh Atash as its chief operating officer. The company noted that Ms Atash brings over 15 years of experience in the technology and finance sectors, and has a proven ability to scale teams and build sustainable growth. Red Rock Resources PLC (AIM:RRR) has announced the acquisition of two prospective exploration projects, known as Bilbale and Boulon, in Burkina Faso. The projects, located in the prolific Boromo and Banfora Greenstone belts respectively, span some 348 square kilometres and include artisanal activity, which shows evidence presence of high-grade gold. Apollon Formularies PLC (AQSE:APOL) has received a renewed medical cannabis licence from the Jamaican government, allowing processing and retail activities for another three years. The Caribbean island's Cannabis License Authority approved the renewal of Apollon's Processing (Tier 1) and Retail (Therapeutic) licences, adding to the company's current CLA approved Research & Development licence. Sativa Wellness Group Inc (AQSE:SWEL, CSE:SWEL, OTC:SCNNF) said it gained an ISO 22000 certification for food safety in relation to cannabis extraction at its plant in Poland. The plant also passed the Hazard Analysis and Critical Control Point (HACCP) requirements, including good hygiene and manufacturing practice. BiVictriX Therapeutics PLC (AIM:BVX, OTC:BVTXF) said it appointed Glyn Baker as chief financial officer, in a non-board role. Baker joins the biotechnology company with around 20 years of experience in the industry, holding consultancy positions in finance and IT before moving onto various management roles. Pod Point Group Holdings PLC (LSE:PODP) , the provider of charge points for electric vehicles (EVs), said it expects its results for 2021 to be in line with management forecasts after trading remained strong in the second half. The company, which floated on the London Stock Exchange on 9 November last year, said the positive momentum and trends seen during 2021 have continued since its Initial Public Offering (IPO), with increased demand for its charge points. Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) said the ice road from the Dalton Highway to the Talitha #A location in Alaska has been completed. In an operations update, the AIM-quoted oil and gas company, which has working interests in a number of oil projects immediately adjacent to transportation and pipeline infrastructure on the Alaska North Slope, said the pad at the Talitha #A location has also been completed and the camp has been set up. MGC Pharmaceuticals Ltd (LSE:MXC, OTC:MGCLF, ASX:MXC) said its ArtemiC Rescue food supplement was granted import approval in India, opening a potentially significant new market for the bio-pharma company. ArtemiC Rescue which helps alleviate symptoms associated with Coronavirus (COVID-19) was approved by Indian regulators for import, distribution, marketing, and sales. DeepVerge PLC (AIM:DVRG) said its environmental division Modern Water completed the installation of its Microtox water testing equipment in Beijing, China ahead of athletes arriving for the 2022 Winter Olympics. The company’s Microtox CTM toxicity monitor measures the chemical toxicity of a water source, giving instant indication of water health. Microtox FX provides a rapid test to detect pathogens and toxic chemicals that may contaminate drinking water or wastewater. Red Rock Resources PLC (AIM:RRR) updated the market on its interests in the Democratic Republic of Congo (DRC). Results from drilling at the Galaxy (Luanshimba) project are being analysed. In addition the company continues to pursue a dispute settlement relating to the 50.1% owned VUP project. NextEnergy Solar Fund Ltd (LSE:NESF) signed its first co-investment transaction for a 25% stake in a Spanish 50 megawatt (MW) solar project currently under construction. The specialist solar power renewable energy investment said in a statement the energisation of the project, in Cadiz, is expected to take place in the first half of 2022. Digitalbox PLC (AIM:DBOX) shares surged almost 25% after the media company again raised its forecasts for 2021, following stronger-than-anticipated trading across its three brands in December, its most important month. The owner of Entertainment Daily, The Daily Mash and The Tab said it expects revenue and underlying profit (EBITDA) for the year ended 31 December 2021 to be “significantly ahead” of the recently upgraded market consensus of EBITDA of £850,000. Revenue is now expected to be not less than £3.6mln. Advance Energy PLC (AIM:ADV) updated the market on the ongoing Buffalo-10 well, offshore Timor-Leste. The project operator, Carnarvon Petroleum, informed Advanced Energy drilling has reached 804 metres and will proceed down to target depth of around 3,500 metres. Pharmaxis Ltd’s drug discoveries have been given a boost after the Australian government awarded two grants totalling A$1.4 million to respected scientific collaborators to advance work they are conducting on the company's discoveries. Associate Professor Thomas Cox of the Garvan Institute of Medical Research has received a A$827,500 NHMRC Development Grant to lead a multidisciplinary team investigating PXS‐5505 as a promising new treatment approach for pancreatic cancer. Element 25 Ltd (ASX:E25) has had a strong start to operations at Butcherbird Manganese Project in 2022 with the Stage 1 production plant achieving a new daily production record of 1,209 tonnes on January 3, well above the target nameplate production of 1,000 tonnes. This provides encouragement for the company following the completion of logwasher repairs and engineering modification works on schedule in late December 2021. Imugene Ltd (ASX:IMU, OTC:IUGNF) has secured a patent for its HER-Vaxx immunotherapy candidate in South Korea. The clinical-stage immuno-oncology company’s newest patent covers the methods of use and composition tied to the HER-Vaxx immunotherapy in South Korea up until 2036.