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A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Gold Resource Corporation (NYSE-A:GORO, ETR:GIH) released preliminary first-quarter results showing it increased its gold sales with 11,729 ounces of total gold equivalent sold compared to 8,810 ounces in the same quarter last year. For the three-month period to end March 31, 2022, the company sold a total of 8,381 ounces of gold and 265,407 ounces of silver, and 4,359 tonnes of zinc, 408 tonnes of copper, and 1,639 tonnes of lead. In a statement, the firm said that the sales have contributed to a “strong” cash balance of over $31 million.
Helix BioPharma Corp said it has received conditional approval from the Toronto Stock Exchange to extend its previously announced early warrant exercise incentive program from April 28, 2022 to May 31, 2022, during which holders may take advantage of a temporary reduction in the exercise price of the eligible warrants to a price of C$0.26. The eligible warrants include an aggregate of 49,806,469 warrants that if exercised at the incentive exercise price will result in the company receiving gross proceeds of up to $12,949,682. There can be no assurances as to the number of eligible warrants that will be exercised under the incentive program. In connection with the extension of the incentive program, the Helix also announced that it is further extending the exercise period of a total of 4,683,500 warrants, all of which are held by arm’s length parties, until May 31 this year. It also reported that it has received a binding subscription for the purchase of 7,700,000 additional company shares from Jerzy Wilczewski, an insider of the company, on a private placement basis at a price of $0.26 per share for gross proceeds of $2,002,000. The company expects to close such subscription by the end of April 2022 and may close additional tranches for common shares prior to or following such date.
Delta 9 Cannabis Inc announced it had entered into an agreement with Manitoba Liquor and Lotteries Corporation to become one of the province’s first licensed cannabis distributors. Under the distribution agreement, Winnipeg-based Delta 9 said it will work with authorized cannabis suppliers to provide cross-docking and distribution services to deliver cannabis to licensed retailers in the province. The services will allow out-of-province suppliers to improve logistics efficiencies and reduce shipping costs – and give Delta 9 another significant source of revenue, it said in a statement.
Great Panther Mining Limited (TSX:GPR, NYSE:GPL) said it is on track to meet its 2022 production guidance with a new mining contractor expected to fully mobilize by the end of May. The mining company has set its production guidance for 2022 between 100,000 to 119,000 gold equivalent ounces from its portfolio of assets in Brazil, Mexico and Peru. In a statement, Great Panther said the mine plan for its flagship Tucano mine reflects more stripping in the first half of 2022 with the second half of 2022 expected to account for at least 65% of annual production guidance. The company also revealed its production results from the first quarter of 2021 from its two operating mines, Tucano in Brazil and Topia in Mexico. For the three-month period ended March 31, 2022, Great Panther reported consolidated metal production of 17,913 gold equivalent ounces, inclusive of 14,319 gold ounces and 173,698 silver ounces. Total gold production at Tucano came in at 14,037 gold ounces, while total silver equivalent production at Topia was 290,694 silver equivalent ounces.
Clean Air Metals Inc (TSX-V:AIR, OTCQB:CLRMF) announced it has signed an exploration agreement with its First Nations partners in the Thunder Bay area of Ontario. The junior resource company signed the agreement with the Fort William First Nation, Red Rock Indian Band and the Biinjitiwaabik Zaaging Anishinaabek groups, it said in a statement. Clean Air Metals and its wholly-owned subsidiary, Panoramic PGMs (Canada) Ltd, are exploring and developing mining claims located in the Greenwich Lake Area and Tartan Lake Area, on its Thunder Bay North Project.
Heat Biologics (NASDAQ:HTBX) Inc said it plans to host an investor and media livestream event on Tuesday, April 19, 2022 at 10:30 am EST to discuss the latest developments. The event will be broadcast at: https://vimeo.com/event/2027558/fc6de52c31.
Gratomic Inc said it has retained the services of Zimtu Capital Corp (Zimtu) out of Vancouver, British Columbia. Zimtu will be paid C$200,000 for a 12-month term. Zimtu is a public investment issuer that aspires to achieve long-term capital appreciation for its shareholders and was founded by Dave Hodge. Zimtu has been an active marketing and investor relations company since its inception in 2003. The services of this agreement cover a broad range of marketing activities including Live Investor Presentations, Email Marketing Campaigns, Influencer Marketing, Social Media Distribution, Rockstone Research Analyst Reports, Video Interviews, Investor Lead Generation, Investor Blogs and more. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The company trades on the TSX Venture Exchange under the symbol “ZC” and Frankfurt under symbol ‘ZCT1’.
LQwD Fintech Corp, an emerging technology company developing payment infrastructure for the Bitcoin Lightning Network, announced that its CEO, Shone Anstey, will present at NobleCon18 – Noble Capital Markets‘ eighteenth annual investor conference at the Hard Rock Hotel, Hollywood, Florida on April 21, 2022 at 12:30pm ET. The company said it will also be available for one-on-one meetings with investors at its breakout sessions scheduled for April 20, 2022 at 10:00am ET at Table 12. A video webcast of the presentation will be available the following day on LQwD’s website, on Noble Capital Markets‘ Conference website and on Channelchek investor portal. “Bitcoin’s Lightning Network is continuing to see explosive growth,” said LQwD CEO Shone Anstey. “LQwD is benefiting from this growth as we continue to strategically expand our Lightning Network presence through the launch of our global routing nodes to become one of the largest payments facilitator on the network.”
Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF), a leading vertically integrated multi-state cannabis company, announced the start of expansion for its Nevada cultivation facility adding 22,000 square feet of cultivation space to fuel in-house product growth. The Las Vegas, Nevada-based company grows its own cannabis and makes its own products for the wholesale, medical and retail markets. It sells its popular brands — Medizin, TRENDI, HaHa, DREAMLAND and Leaf & Vine. “We’ve seen incredible consumer support for our brands like TRENDI and HaHa which have risen to among the top selling brands in their respective categories in Nevada,” Planet 13 co-CEO Larry Scheffler in a statement. “The only thing that has limited Medizin, our popular premium flower brand, from joining them at the top of the leaderboard has been supply constraints. Our lack of supply has historically led to us selling out every harvest, leaving our customers wanting more. The expansion of our Nevada cultivation facility will allow us to better satisfy customer demand for our premium flower.”
Deep-South Resources Inc (TSX-V:DSM) said it expect to resume trading on Tuesday April 19, 2022.The company has signed a definitive earn-in agreement with World Class Mineral Ventures Ltd (WCMV) of Zambia to acquire up to 80% of three copper exploration licences in the center of the Zambian Copper belt, one of the most prolific copper belts in the world. Deep-South has paid to WCMV, US$15,000 on inking the agreement and will pay an additional US$15,000 on approval of the transaction by the TSX Venture Exchange. Deep-South will also issue 500,000 of its common shares to WCMV upon approval by the TSX Venture Exchange. On the second anniversary of the agreement, Deep-South will pay US$30,000 and issue 250,000 of its common shares to WCMV. Before the end of the second anniversary of the agreement, Deep-South will also complete the collection and analysis of 100 soil samples over the identified anomalies on Licence LEL 23246 and 350 soil samples over the identified targets on each of Licences LEL 23247 and LEL 23248. Deep-South will then decide whether to proceed with more intensive sampling or to evaluate any drilling targets.
The Valens Company (TSX:VLNS, OTCQX:VLNCF) Inc posted first-quarter fiscal year 2022 financial results that saw its net revenue jump 26.1% quarter-over-quarter, reinforcing the inherent strength of its diversified cannabis business lines.For the period ended February 28, 2022, the Kelowna, British Columbia-based cannabis consumer products company reported revenue of $23.2 million, compared to $18.4 million in 4Q 2021. The firm, which has expertise in manufacturing cannabinoid-based products and provides proprietary cannabis processing services, noted that revenue was primarily driven by provincial sales, which soared 36.7% to $10.8 million in 1Q 2022 compared to $7.9 million in 4Q 2021.
Mandalay Resources Corp told investors it was on track to reach its 2022 production guidance after posting a ‘solid’ first quarter. In the three months to March 31, the metals miner recorded total production, across its mines, of 29,631 gold-equivalent ounces, up from 28,676 ounces in the first quarter of 2020. Total sales were 28,280 gold-equivalent ounces compared to 29,713 ounces in Q1, 2020. From its Bjorkdal mine in Sweden, 12,384 ounces of saleable gold production was generated, which was the highest result since the second quarter of 2019 and 12,134 ounces of gold sold, the best quarterly sales result since the third quarter of 2019.
Silvercorp Metals Inc (TSX:SVM, AMEX:SVM) has reiterated its fiscal 2023 production guidance range of 7 million to 7.3 million ounces of silver, 6,300 to 7,900 ounces of gold, 68.4 million to 71.3 million pounds of lead, and 32 million to 34.5 million pounds of zinc. Compared to fiscal 2022 production results, the Vancouver-based firm’s figures for 2023 represent increases of 14% to 19% in silver, 85% to 132% in gold, 6% to 11% in lead, and 19% to 29% in zinc. In its financial year ended March 31, 2022, the firm produced nearly 6.1 million ounces of silver and 3,400 ounces of gold. In addition to the silver and gold sales, the China-focused miner also produced 64.4 million pounds of lead, and 26.8 million pounds of zinc.
Golden Minerals Company (NYSE-A:AUMN, TSX:AUMN, ETR:7GB) (Golden Minerals Company (NYSE-A:AUMN, TSX:AUMN, ETR:7GB), Golden Minerals Company (NYSE-A:AUMN, TSX:AUMN, ETR:7GB), Golden Minerals Company (NYSE-A:AUMN, TSX:AUMN, ETR:7GB)) has unveiled its production statistics for the first quarter from its Rodeo mine in Durango state, Mexico, which showed output of 3,787 gold-equivalent (AuEq) ounces. In the three months to end-March, payable gold production was 3,608 ounces, while the miner generated 13,944 ounces of silver. Processed was 527 tonnes per day (tpd), while the realized prices, before selling and refining costs, came in at US$1,888 per ounce of gold and US$24.24 per ounce of silver.
Marvel Discovery Corp. (TSX-V:MARV) said it has commissioned KRM Resources Group to fly a fixed-wing airborne magnetic survey over the KLR and Walker Uranium Project in Saskatchewan’s Athabasca Basin. As previously announced, Marvel had entered into an option agreement to acquire two large land packages within the Wollaston-Mudjactic Transition Zone (WMTZ) of the eastern Athabasca Basin, an area that hosts the highest-grade uranium mines in the world. “This is our first step in our exploration strategy for the newly acquired claim groups, the KLR & Walker. Both projects straddle the Key Lake fault and are contiguous to Cameco and Fissions ground, said Karim Rayani, president and CEO of Marvel, in a statement.
Nextech AR Solutions Corp announced the launch of its new Metaverse suite of Software-as-a-Service (SaaS) products, rolling the technology company’s technology stack of 3D and augmented reality (AR) offerings into one platform. The Metaverse Suite gives users access to Nextech’s technology – the 3D Modeling, 3D Holograms and 3D Mapping capabilities – using one login and account. Nextech called the launch “a major milestone” that has significant revenue implications by increasing the potential for monthly and annual recurring revenue.
NEO Battery Materials Ltd said it is proceeding with a “change of business” application with the TSX Venture Exchange in view of the company’s change of focus from battery mineral exploration to battery technology. With the planned construction of a commercial plant that will be capable of producing an initial capacity of 240 tons per year, the company said it is on an accelerated timeline to deliver its proprietary silicon anode active materials, NBMSiDE(TM), to lithium-ion battery manufacturers and electric vehicle OEMs. “The company deems that a change in classification to a Tier 2 Industrial, Technology, or Life Sciences issuer on the Exchange will help serve the company’s, and its shareholders, best interests in order to facilitate its business activities going forward.”
Mydecine Innovations Group Inc (OTC:MYCOF, NEO:MYCO). said its board of directors voted in favour of completing a reverse stock-split, a move that will consolidate all of the company’s issued and outstanding common shares. The consolidation will be on the basis of one post-consolidation common share for every fifty pre-consolidation common shares, resulting in the number of issued and outstanding common shares falling from 268,515,954 to approximately 5,370. The consolidation is subject to the receipt of all required regulatory approvals, including the approval of the NEO Exchange.
Looking Glass Labs Ltd announced that it has appointed Tom Sweeney, a 25-year veteran in cross-border technology investing, fund management and corporate strategy, to its strategic advisory board. Sweeney is the founder and current CEO of Jun Capital Management, a crypto investment and strategic advisory firm, and the CEO and co-founder of the Unizen Smart CeDeFi Platform.
Tocvan Ventures Corp. (CSE:TOC) said a total of 1,562 meters of Phase III drilling has been completed in nine drill holes at its Pilar gold-silver Project in Sonora, Mexico, providing key information across the Main Zone and 4-T Trend. “Once again, core drilling has confirmed the significant grade and distribution of gold-silver mineralization at Pilar,” said CEO Brodie Sutherland in a statement. “This further validates the strength of the shallow mineralized system at Pilar, especially in regard to the significant high-grade mineralization adjacent to controlling structures. We look forward to reviewing the remaining results that test the extension of these controlling faults to the southeast.” Drill hole JES-22-59 returned 116.9-meters at 1.2 grams per ton (g/t) gold and 7 g/t silver (Ag), including an impressive 48.1-meters at 2.8 g/t Au and 9 g/t Ag. High-grade gold-silver mineralization was recorded adjacent to a heavily faulted and altered zone returning 10.2-meters at 12.0 g/t Au and 23 g/t Ag, including 4.2-meters at 28.3 g/t Au and 49 g/t Ag, the company said.
Wellbeing Digital Sciences (NEO:MEDI.AQN, OTCQB:KONEF) Inc. has announced the start of a global and comprehensive strategy to expand the company’s primary focus and re-engineer psychedelic treatment services offered throughout North America. The strategy, planned by its recently appointed CEO, Najla Guthrie, will seek to establish next-generation mental health clinics, contemporize existing clinic facilities and launch best-in-class adjunct programs to improve patient treatment outcomes. “The evidence shows that patient access to mental healthcare remains one of the primary issues of the mental health crisis. Both the psychedelic medicine and digital therapeutics sectors are moving at light speed to address this, but they face two major obstacles; clinical development to gain regulatory approvals, and clinical adoption by the medical establishment,” Guthrie said in a statement.
Guardforce AI (NASDAQ:GFAI) Co Limited said it received a notice from Nasdaq Stock Market LLC on April 11, 2022, informing the company that it has regained compliance with the minimum bid price requirement under Nasdaq’s listing rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Consequently, Guardforce AI (NASDAQ:GFAI) is now in compliance with all applicable listing standards and its ordinary shares will continue to be listed on The Nasdaq Capital Market. The integrated security solutions provider was notified by Nasdaq on March 9, 2022 that it was not in compliance with the minimum bid price rule because its ordinary shares failed to meet the closing bid price of $1.00 per share or more for 30 consecutive business days.
Levitee Labs (CSE:LVT) Inc. has issued an aggregate 5.45 million common shares in the capital of the company at 7.5 cents each to settle a debt of $408,750 owed by the company’s wholly-owned subsidiary, Levitee Real Estate Inc. The debt is owed to an arm’s-length company pursuant to the terms of a debt settlement agreement among the parties dated Feb. 28, 2022. All securities issued in connection with the debt settlement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation, the firm said.
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