Altaley Mining Corporation is on track to return revenues of US$190 million and net earnings of US$63 million, or US$0.23 per share, in 2022 as production at its two Mexican projects ramps up, according to broker Couloir Capital who has initiated coverage on the junior company with a ‘Buy’ rating. Couloir analysts also provided a fair value estimate of CAD$0.93 per share. The company’s shares currently trade at about C$0.21. Analysts noted that production at Altaley’s Campo Morrado mine in Guerrero was increasing towards forecast levels as disruptions arising from prior shutdowns were resolved, with potential efficiency gains to be made at the site.
Los Andes Copper Ltd reported more positive results from its initial drill program at the Vizcachitas copper property in Chile that point to the project’s large-scale potential. Highlights from the latest round of assay results include 404 meters grading 0.41% copper equivalent in one hole, as well as 44 meters grading 0.46% copper equivalent on the southwestern edge of the deposit in another hole. In a statement, Los Andes said that results from the completed initial drill campaign have shown that the 1.2 billion tonnes at 0.45% copper equivalent measured and indicated resource has “considerable potential” to grow both in scale and grade.
Sigma Lithium Corporation has announced a roughly 50% increase of the total estimated mineral resource at its Grota do Cirilo project in Brazil following a NI 43-101 mineral audit at its Phase 3 NDC deposit. The new estimate clocks in at 85.7 million tonnes, up from the previous estimate of 58.9 million tonnes, which the company says makes it among the largest mineral lithium projects in the world. The mineral audit, completed by SGS Geological Services (SGS), reported an estimated 26.8 million tonnes (Mt) of high grade 1.49% lithium oxide at NDC. NDC is an open pit deposit located close to the project’s Phase 2 feasibility study stage Barreiro deposit.
Falcon Gold Corp said it has added two ‘green metal’ projects to its portfolio with the acquisition of the Timmins West and Outarde nickel projects in Ontario and Quebec, respectively. The Timmins deal covers five mining claims for 1,940 hectares (Ha) within the Kamiskotia Gabbroic Complex (KGC) and lies 40 kilometers (km) southwest of the Crawford nickel-cobalt asset being developed by Canada Nickel. The property has historically been explored for gold yet its ultra-mafic composition within the KGC makes it a prime target for magmatic nickel-cobalt-copper mineralization, said Falcon. Meanwhile, the undrilled Outarde project contains nickel-copper-cobalt style mineralization and was last explored by Falconbridge in 1997.
ACME Lithium Inc reported that it has successfully completed Hole DH-1 at the Clayton Valley lithium brine project to a total depth of 1,400 feet (427 meters) below ground surface. The Carson City, Nevada-based mineral exploration company said prospective basin sediments have been encountered and delineated as highly probable for aquifer units based on permeability features, lithology, and color. The core is consistent with the known basin stratigraphy. Most notably, multiple permeability features consisting of coarse sands and gravels, and sand and gravel with weak clay matrix were encountered from approximately 479 feet to 1,400 feet.
Talon Metals Corp has announced the results of its annual and special meeting of shareholders, saying all of the nominee directors listed in Talon’s management information circular dated May 24, 2022, were elected as directors. Shareholders also approved the issuance of all unallocated options issuable, from time to time, under the company’s stock option plan until June 22, 2025, and voted in favour of appointing MNP LLP as auditors of the company for the ensuing year and authorizing the directors to fix their remuneration.
AEX Gold Inc has announced that on June 21, 2022, it was informed that Livermore Partners LLC, a company in which David Neuhauser, a non-executive director of AEX, is managing director, acquired a total of 125,000 common shares of no par value in the company. This brings Livermore Partners LLC’s total holding to 11,980,710 shares, 6.76% of the capital in the company.
American Battery Technology Company said it is confirmed to participate in industry and investor conferences this summer. CEO Ryan Melsert will speak on expert panels at Benchmark’s Battery Gigafactories USA 2022, held between June 23 – 24, 2022 (register here), and FastMarket’s Lithium Supply and Battery Raw Materials Conference 2022, which takes place on June 27 – 29, 2022 (register here). “At this time when there is such unprecedented support for the lithium-ion battery metals industry from the federal government, state governments, strategic industry partners, and the investment community, it is important to continue to engage with each of our critical stakeholders and to support the industry on these expert panels,” Melsert told investors. The firm supplies low-cost, low-environmental impact, and domestically sourced battery metals.
Guardforce AI Co Limited said it has opened new offices in Tokyo and San Francisco, the company announced, expanding its Robotics-as-a-Service (RaaS) business in those two markets. The company’s robotics solutions offerings in the new locations will include the T-series robot for reception services, food delivery robots and disinfection robots for restaurants, shopping malls and hotels. “Opening offices in Tokyo and San Francisco mark important milestones as these two markets represent significant opportunities for our RaaS business line,” Guardforce AI chairman Terence Yap said in a statement, noting that both cities represent a strategic opportunity.
Usha Resources Ltd said it has begun exploration work at its Jackpot Lake Lithium Brine Project in Clark County, Nevada, and aims to commence drilling in late summer or early fall pending the receipt of permit approvals. The Vancouver-based company said the upcoming program is focused on sourcing a domestic supply of lithium in Nevada in line with US President Joe Biden’s $3.1 billion plan to shift the country away from gas-powered cars to electric vehicles by boosting domestic manufacturing of batteries. Local Nevada firm Rangefront Mining Services has been contracted to provide geological services, and following discussions with Rangefront, Usha said it now plans to increase the scope of its maiden drilling program to 2,700 metres over six holes from 900 metres over three holes to better define a 43-101 resource estimate.
Zynerba Pharmaceuticals Inc has announced “very encouraging” data from a trial of its Zygel CBD gel for the treatment of 22q11.2 Deletion Syndrome (22q). The exploratory, open-label Phase 2 INSPIRE trial was designed for signal detection by assessing the safety, tolerability and efficacy of Zygel (also known as ZYN002) for the treatment of behavioral symptoms of 22q in children and adolescents. Zygel was administered to patients with 22q as add-on therapy to their standard of care and utilized a variety of efficacy assessments. Following positive top-line results from the trial, the company said it will request a meeting with the US Food and Drug Administration (FDA) to discuss the data and the regulatory path forward.
Tocvan Ventures Corp said drilling has resumed at its Pilar gold-silver project in Sonora, Mexico, and will focus on priority exploration targets across the property. The drilling, a continuation of Phase III, targets parallel trends and trend extensions as the company looks to rapidly define the extent of mineralization at Pilar. Recent reconnaissance drilling in a 200-meter gap between the Main Zone and 4-T Trend was successful in defining a new parallel trend – JES-22-63 returned 54.9-meters at 0.3 grams per ton (g/t) gold (Au) and 5 g/t silver (Ag) from 6.1-meters depth. Another 200-meters to the east, surface exploration returned chip samples of 6.6 g/t Au and 433 g/t Ag defining an untested extension of the 4-T Trend, both of these targets will be tested during this stage of drilling, the company said. “We are excited for this next stage of drilling at Pilar, as we feel the potential to expand the known areas of mineralization is very significant,” Tocvan CEO Brodie Sutherland said in a statement.
The Valens Company announced that it has secured an exclusive cannabis partnership with Coldhaus Distribution to provide integrated logistics solutions for Valens-branded cannabis products across Ontario, Alberta, and British Columbia. The cannabis processing services provider said the agreement secures a dedicated field team under a direct-to-store management model for Valens-branded products, driving sales through a robust distribution network. “Having a major partner like Coldhaus we believe will help accelerate our growth in key markets and create long-term meaningful relationships with retailers and consumers throughout the distribution territory as we increase visibility of our branded cannabis products,” The Valens Company CEO Tyler Robson said in a statement.
GR Silver Mining Ltd has posted drill results from new areas of exploration at its 432 square kilometre (sq km) Plomosas project in Mexico, which underline the future potential of the project. The work focused on new areas at El Saltito, Las Cuevas and Las Teresas, as well as the previously reported Loma Dorada vein system. Assays showed high-grade gold close to the surface and the potential to extend mineralization along strike from existing resource areas. “Our primary focus remains on delivering updated mineral resource estimates for the San Marcial and Plomosas Mine Areas in Q1|23,” said GR Silver’s CEO Eric Zaunscherb in a statement.
Numinus Wellness Inc said its subsidiary Numinus Bioscience Inc has filed a patent application to the World Intellectual Property Organization (WIPO), an agency of the United Nations (UN), for a rapid production process for Psilocybe and other fungi species containing psilocybin and other compounds. “This application is part of Numinus’ long-term IP strategic focus on scalable and sustainable production that advances research, development and delivery of innovative psychedelic-derived formulations in North America and beyond,” Payton Nyquvest, founder and CEO of Numinus said in a statement.
HighGold Mining Inc has announced positive metallurgical test results for the Johnson Tract (JT) polymetallic gold project in southcentral Alaska. The project hosts the high-grade Au-Zn-Cu-Pb-Ag JT Deposit with a 0.75moz gold equivalent (AuEq) indicated resource at 10.9 g/t AuEq and a 0.13moz AuEq inferred resource at 7.1 g/t AuEq. An updated and expanded mineral resource estimate for the JT Deposit is expected to be delivered before the end of the second quarter of 2022. “We are very pleased with these metallurgical results, which demonstrate excellent metal recoveries to high-quality concentrate products,” HighGold president and CEO Darwin Green said in a statement.
Mindset Pharma Inc has announced that it has partnered with Toronto-based psychiatric research hospital the Centre for Addiction and Mental Health (CAMH) for a pre-clinical study on the company’s novel psilocybin-like compound MSP-1014. The company said the study would investigate how macro and micro doses of psychedelic compounds modulate expression levels of molecular biomarkers of brain plasticity in rats. To date, how single psychedelic experiences can cause both short- and long-term behavioural changes in humans and the mechanisms of these are relatively unexplored, Mindset noted.
BioSig Technologies Inc said it has entered into an evaluation agreement for its PURE EP System with Cleveland Clinic, its first following the induction of a new commercialization team to accelerate the process from product evaluation to adoption. The medical technology company said Cleveland Clinic, a non-profit multi-specialty academic medical center, will participate in a 60-day evaluation of BioSig’s signal processing platform. “We are excited to include Cleveland Clinic as an evaluation center for the Pure EP System,” said Gray Fleming, BioSig’s chief commercialization officer, in a statement. “We look forward to working alongside their physicians to demonstrate the superior signal quality that can be achieved on even the most difficult arrhythmias.”
Electra Battery Materials Corporation said it is in early discussions with the Government of Quebec to build a new cobalt refinery in the province. If built, the refinery will integrate with an emerging battery materials park in the province, Electra said in a statement. The refinery would be built in Becancour, Quebec, which is an emerging hub in the battery materials supply chain in North America.
Ayurcann Holdings Corp said it has entered into an agreement to acquire 100% of Joints and Hustle & Shake Inc. for $5,500,000. The arm’s length transaction is expected to close in the coming weeks. Consideration comprises $5,500,000 in common shares of Ayurcann at a deemed price of $0.17 each. The consideration shares are subject to a statutory hold period of four months and one day and shall be deposited into escrow and be released every six months in 25% allotments. They are also subject to post-closing downward adjustments pursuant to the terms and conditions of the escrow agreement. In a statement, Igal Sudman, chief executive officer of Ayurcann said: “We are excited about the ability to participate in new M&A deals and strategically invest in and acquire opportunities that enhance our company and our ability to expand and grow our offerings across the country. Growing our business and market share is a top priority.”
Biocept Inc and Plus Therapeutics Inc have announced a comprehensive laboratory services agreement for Plus Therapeutics’ ReSPECT-LM trial for the treatment of cancer in the membranes that surround the brain and spinal cord. Under the multi-year agreement, Biocept’s cerebrospinal fluid (CSF) assay CNSide1 will be employed in Plus Therapeutics’ ReSPECT-LM Phase 1/2a dose-escalation clinical trial of Rhenium-186 NanoLiposome (186RNL) for the treatment of patients with leptomeningeal metastases (LM). Biocept’s CNSide assay provides a highly sensitive method to assess and quantify tumor cell burden in LM of the central nervous system, and the assay results will be used to evaluate response to treatment and treatment efficacy for patients enrolling in the ReSPECT-LM clinical trial.
Doubleview Gold Corp said it has closed the first tranche of its non-brokered flow-through and non-flow-through private placement for gross proceeds of $517,991.20. In total, the company intends to raise up to $5 million through the sale of its flow-through and non-flow-through units. The proceeds of the financing will be used for exploration work on the company’s projects, particularly for the Hat project and general administration. Under the first tranche, Doubleview has issued a total of 1,643,304 flow-through (FT) units at a price of 30 cents per FT unit for total gross proceeds of $492,991.20. The company also issued 100,000 non-flow-through (NFT) units at a price of 25 cents per unit for total proceeds of $25,000.
Fireweed Zinc Ltd has announced that it will now operate and market itself as Fireweed Metals Corp in a rebranding and transitioning exercise to reflect its emergence as a leading critical minerals company. The company said it has launched a redesigned website with new content, and will formally adopt the new name when regulatory approvals are received, including from the TSX Venture Exchange. “Fireweed has quickly grown into much more than a zinc company. The purpose of this rebranding and the new website is to reflect that we are now a leading critical minerals company,” Fireweed CEO Brandon Macdonald said in a statement.
Nova Royalty Corp has revealed the voting results for its annual general meeting of shareholders held on June 21, 2022. The Vancouver-based company focused on royalty exposure to copper and nickel, said Brett Heath, Alex Tsukernik, EB Tucker, Johanna Fipke, Andrew Greville and Luke Leslie were re-elected to serve as directors of the company. A total of 41.32 million shares were represented at the meeting, representing 48.51% of the company’s issued and outstanding common shares. Nova also provided a company update through a letter to shareholders written by Nova CEO Alex Tsukernik which can be accessed on the firm’s website.
Soma Gold Corp has announced that C. Geoffrey Hampson of Vancouver, British Columbia, has acquired shares of the company under various private transactions. Immediately prior to the acquisitions, Hampson owned and/or had control over an aggregate of 10,736,487 Soma shares, representing approximately 14% of the issued and outstanding shares of the company on an undiluted basis, of which 43,250 shares were controlled directly, 8,633,529 shares were controlled through Hampson Equities Ltd., a company controlled by Hampson, and 2,059,708 shares were controlled through Lake Forest Development Corp., a wholly-owned subsidiary of Hampson Equities Ltd. Following completion of the acquisitions, Hampson owns and/or has control over an aggregate of 19,112,952 shares, representing approximately 22.5% of the issued and outstanding shares of the company on an undiluted basis, of which 74,917 shares are controlled directly, 16,978,327 shares are controlled through Hampson Equities Ltd., a company controlled by Hampson, and 2,059,708 shares are controlled through Lake Forest Development Corp., a wholly-owned subsidiary of Hampson Equities Ltd. In addition, Hampson also owns and/or has control over 1,172,000 stock options to purchase shares. If Hampson exercises all of his options, he would then own and/or have control over, directly or indirectly, 20,284,952 shares, representing approximately 23.5% of the issued and outstanding shares of the company on a partially diluted basis, assuming that no further shares of the company have been issued. The acquisitions, therefore, resulted in an approximate 8.5% change in Hampson’s ownership and/or control over shares of the company. The securities acquired will be held for investment purposes.
Cypher Metaverse Inc noted that its investee company Arcology has launched a new website with advanced capabilities to spur the next phase of its growth. Arcology is owned by Capital Blocktech Inc, of which Cypher owns 30%. “Arcology has successfully solved virtually all the technical challenges and achieved our initial goals,” said Laurent Zhang, Arcology founder and CEO. “The project has advanced to the point where it must attract the developer community – as such this robust site does the following to achieve that objective. It is understood that Arcology needs to demonstrate its technical capabilities as other projects in the space, such as Ethereum and Solana have done – this site helps to advance our efforts in that area. In addition, we will add a link to the public Testnet, which we are going to launch in the near future.” The Arcology site can be found at: https://arcology.network/
PyroGenesis Canada Inc has released the voting results from its annual meeting of shareholders, held on June 21, 2022, in a virtual format. A total of approximately 52% of the issued and outstanding common shares of PyroGenesis were represented at the meeting. All of the nominees for election as directors of PyroGenesis referred to in its management information circular for the meeting were elected. Shareholders approved the appointment of Raymond Chabot Grant Thornton LLP as auditor of PyroGenesis and the directors of PyroGenesis were authorized to fix their remuneration. Shareholders authorized a change in the name of the corporation to “PyroGenesis Inc.” or to such other name the board of directors deems appropriate. Shareholders also approved the adoption of a new Long Term Incentive Plan. Additionally, the company announced that Audrey Haligua has joined the company as Senior Legal Counsel. Haligua was admitted to the Quebec Bar in 2002 and has over 20 years of experience in corporate and commercial law. The company also announced the departure of Sara-Catherine Tolszczuk. the predecessor of Haligua, to start her own enterprise through which she provides legal services to public and private technology companies. “We are excited to welcome Audrey to the team at this exciting time. We look forward to benefiting from her deep legal expertise as we continue to grow PyroGenesis into a truly global organization with a focus on sustainability and reducing GHGs,” said P. Peter Pascali, the company’s president and chief executive officer. “Sara-Catherine’s intellectual property knowledge and negotiation skills have been significant in the growth of the company over the last two years. We are pleased that Sara-Catherine continues to serve the company as Secretary of the Board and as outside counsel on a project-by-project basis.”
EverGen Infrastructure Corp, a renewable natural gas (RNG) company, revealed that it has been featured in a broadcast through NetworkNewsAudio (NNA). The audio release covers EverGen’s recent announcement of its entry into definitive agreements with Northeast Renewables LP to acquire a 50% interest in Project Radius, a portfolio of RNG development projects in Ontario. “The acquisition of Project Radius provides a foothold in Ontario – a new and strategic jurisdiction in which EverGen can continue to participate in the consolidation and growth of the RNG industry in the near-term, as well as benefit from project economics in line with or exceeding those we have seen with our initial projects,” EverGen CEO Chase Edgelow said in a statement. Investors can hear the audio podcast at https://nnw.fm/6lF8S.
MedX Health Inc said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on March 1, 2022, April 13, 2022, and May 12, 2022, which will see the issue of a convertible debenture: with a $1 million principal amount and an Interest rate of 8% per annum, convertible into units, each consisting of one common share and one-half of one common share purchase warrant, at 10 cents per unit of principal amount outstanding until maturity December 31, 2026, with each whole warrant will have a term of four years from the date of issuance and will be exercisable into one common share at the price of 15 cents, with eight placees.
Alkaline Fuel Cell Power Corp has posted a new corporate video on its YouTube channel – https://youtu.be/olkMu2LMrKU – and on its website at https://www.fuelcellpower.com/power-to-the-people-afcp-corporate-video.
OTC Markets Group Inc, the operator of regulated markets for trading 12,000 US and international securities, has announced that Yellow Cake PLC, a specialist company operating in the uranium sector holding physical uranium for the long term, has qualified to trade on the OTCQX Best Market and has today upgraded from the Pink market under the symbol YLLXF. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Andre Liebenberg, CEO of Yellow Cake, said: “We are delighted to have qualified to begin trading our shares on the OTCQX Market. It highlights the growing profile of our business, but also the increased awareness and endorsement of our long-term investment case. Further, around half of our investors are already based in North America, so it is only right we take the steps to provide them with greater liquidity and market visibility. Trading on OTCQX Market is another important milestone in the continued development of Yellow Cake. The supply-demand fundamentals that have driven the growth in Yellow Cake to date are as relevant today as they were when we first chose to list in London. Recent geopolitical events only serve to reaffirm those fundamentals. We remain as confident as ever in our strategy and in our ability to deliver long-term value for our shareholders.”