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Healixa Inc has announced that it has expanded its board of directors as it prepares for a potential uplisting to a national exchange with the appointment of Fig Annunziato and Dong Yun (Kevin) Kim as independent directors. Healixa CEO Ian Parker said the company was pleased to welcome the new directors to its board as it makes final preparations to apply for a potential uplisting. “Healixa is striving to meet the highest standards of corporate governance, and with the addition of Fig and Kevin, the majority of our board is now held by independent directors,” Parker said.
Appia Rare Earths & Uranium Corp provided an update on its 2022 drilling, particularly related to the new discovery zone at Augier as well as the WRCB area, on its 100%-owned Alces Lake high-grade rare earth elements (REE) and gallium property in Saskatchewan. The rare earth element and uranium explorer/project developer said a total of 24 holes drilled in 2022 on the Augier discovery confirm a thick zone of anomalous radioactivity in REE-bearing pegmatite. Appia also noted that the Augier discovery is a potential AMP zone look-alike, although it is waiting on assay results to assess.
SPYR Technologies Inc said its subsidiary Geotraq has been granted a patent covering various aspects of the operation of its mobile IoT (internet of things) wireless modules. The patent claims cover, among other things, an apparatus comprising of an interval timer, a power control, a short message service (SMS) packetizer, a geo-locator; a radio frequency (RF) communicator, a controller, and a memory. The memory comprises instructions for the controller to operate the interval timer cooperatively with the power control to cause a transition of the geo-locator from a sleep state to a wake state after a preset defined time interval and to operate the geo-locator to receive signal strength levels and corresponding cell IDs from a plurality of cellular base stations, the company said. “GeoTraq is a mobile Internet of Things technology company that designs innovative wireless modules that provide Location Based Services (LBS) and connect external sensors to the IoT,” Project engineer, Chris Chammas, said in a statement. “GeoTraq is planning to manufacture and sell wireless transceiver modules and subscription services that will allow connectivity using publicly available global mobile IoT networks.”
Marvel Discovery Corp revealed that it has completed a structural interpretation of the high-resolution magnetic survey at its Gander East project, in Central Newfoundland. The Vancouver, British Columbia-based resource company said that several prominent shear and deformation zones have been identified that require follow-up prospecting, mapping, and soil sampling. Results of the boots on the ground campaign together with the favourable structural features will aid Marvel in targeting those areas of high merit for its inaugural Phase I drilling program. The Gander East project consists of 274 claims totaling 6,850 hectares, which have been strategically positioned adjacent to New Found Gold’s (NFG) Queensway project and along strike from both Exploits Discovery Middle Ridge project and Sassy Resources’ Gander North project.
Kootenay Silver Inc said its joint-venture partner Aztec Minerals Corp has received the final results of gold and multi-element analysis for its 2021-2022 reverse circulation (RC) drill program on the Cervantes property in Sonora, Mexico. The program comprised 5,249 meters in 26 RC drill holes, testing four targets (called Purisima East, California, Jasper and California North), the company said. Notably, the California zone of near-surface, oxide gold mineralization was successfully expanded, and one deeper drill hole (22CAL-018) intersected a high pyrite zone anomalous in copper, molybdenum, gold and silver. That corresponds well with the top of large, strong IP chargeability anomaly, the company said, noting that Pyrite shells typically surround and overlie copper porphyry mineralized zones.
Gevo Inc said that its renewable natural gas (RNG) project in Northwest Iowa has been producing biogas and is now upgrading and injecting RNG into the natural gas pipeline. The RNG Project generates RNG captured from cow manure supplied by three dairy farms located in Northwest Iowa totaling over 20,000 milking cows, the company said. Gevo expects the project to generate approximately 355,000 MMBtu of RNG per year at full operating capacity, which will be transported, marketed and sold in California by BP Canada Energy Marketing Corp and BP Products North America Inc on behalf of Gevo.
Psyched Wellness Ltd, a life sciences company focused on the production and distribution of health and wellness products derived from the Amanita Muscaria mushroom, has announced that it will be launching its online store today, June 14, 2022. The company said the online shop is a new distribution channel for its products, and will begin by selling branded merchandise such as t-shirts, hats, hoodies and other accessories. It added that it is currently testing its eCommerce purchase funnel before launching its extract Calm, the first Amanita Muscaria mushroom extract approved for sale in the United States.
Global Energy Metals Corp said it has initialized its summer exploration program at the Lovelock and Treasure Box projects in Nevada. The company said the program will apply GoldSpot Discoveries Corp’s artificial intelligence and machine learning technology to build knowledge acquired in prior programs and undertake regional sampling to assess high potential target areas throughout the prospective landholdings. “We are excited to launch our 2022 exploration campaign. We’re looking forward to having boots back on the ground in Nevada and will be systematically undertaking a regional sampling program in the vicinity of several high potential target areas,” GEMC’s project development manager, Timothy Strong said in a statement.
Bhang Inc told investors it is complementing its strong position in the cannabis edibles market with the launch of the new Bhang High Roller nano-infused pre-roll, a whole flower product combined with nano-THC that delivers a more effective, efficient, and consistent experience. Since 2010, Bhang said it has focused on building a legacy around providing its customers with precise, consistent cannabis chocolate products, perfecting a recipe with Bhang’s signature cannabis-free taste, and the best premium ingredients. The Bhang High Roller nano-infused pre-roll add to its legacy of effectiveness and consistency, produced with quality infused flower that is precisely dosed, just like Bhang’s chocolates, the company added.
AEX Gold Inc has said a 2021 exploration campaign at its Nanoq gold project in South Greenland “materially increased” the resource size potential. Geological mapping and drone imagery at Nanoq highlighted the presence of a total of three key altered mineralised shear zones each over 20 metres wide. “Only one zone was previously recognised, therefore this discovery has materially increased the resource size potential of the target,” it said. Targeted sampling by AEX resulted in 26 rock chip samples, returning up to 16.95 grammes a tonne (g/t) gold in one of the newly identified zones. Infill sampling returned up to 5.65 g/t gold, confirming its potential to host economic resources.
Fobi AI Inc said Passcreator has seen continued success and momentum, with the number of customers using the platform increasing by 43% in the first quarter of this year compared to the same quarter in 2021. The company said Passcreator customers grew from 119 in 1Q of 2021 to 170 in the same quarter this year, while revenue grew 48%. Passcreator’s Insurance Pass product offering continues to gain market share, with the company onboarding an additional three key global insurance companies during 1Q.
Outlook Therapeutics Inc has provided an update on its Biologics License Application (BLA) submission for ONS-5010/LYTENAVA (bevacizumab-vikg) for the treatment of wet age-related macular degeneration (wet AMD). The pre-commercial biopharmaceutical company said it has confirmed the additional information necessary to re-submit the BLA for ONS-5010 by September 2022 following receipt of additional correspondence from the US Food and Drug Administration (FDA).
Melkior Resources Inc said drilling has started in the Shenkman zone to follow up on new discoveries at its flagship Carscallen project in Ontario. The company said that it has budgeted 4,200 meters across three targets as part of the program, adding that the targets are being finalized to follow up on recent discoveries north of the ZamZam zone, and new targets around the Mystery zone. “The Carscallen project has demonstrated the potential to be a high-grade gold system with continuity amongst numerous zones,” Melkior CEO Jonathon Deluce said in a statement. “We push to make that game-changing discovery hole with every drill program, and we are confident that we have the best partner to achieve this goal.”
BANXA Holdings Inc said it has formally entered a new partnership with WonderFi Technologies Inc, a leading technology company with the mission of creating better access to digital assets through compliant centralized and decentralized platforms. The company said the partnership builds on the Ethereum, Polygon, and Bitcoin blockchains, and targets key markets including Australia, Brazil, European Union, the United Kingdom, and the United States. Through the partnership, Banxa said it will enable WonderFi customers to utilize local payment and banking options with less friction, fewer fees, and better fraud protection. Users are able to easily and securely convert fiat currency to cryptocurrencies and back again. The company said its solutions also provide many important benefits to WonderFi’s gateway platform, including higher conversion rates along with rigorous compliance and risk management across countless geographies. “Together, we are building the foundational infrastructure needed for the next generation of financial services,” CEO Holger Arians said in a statement. “Banxa’s B2B (business-to-business) services provide a seamless experience for our partners to offer their customers local payment methods in a safe, compliant way.”
Stuhini Exploration Ltd, the Canada-focused metals explorer, has told investors that a high-resolution airborne geophysical survey had been completed at its Big Ledge zinc project in British Columbia, underscoring the potential to expand the resource there. The helicopter survey spanned 50.93 square kilometres (sq km) and used the company SkyTEM’s proprietary time-domain electromagnetic (TDEM) and magnetic survey system. Stuhini said that preliminary maps have revealed overlapping signatures for around 14 km, interpreted to represent the mineralized horizon and show the potential for expanding the resource. “We are pleased to see that the geophysics matches the known mineralization and indicates that the mineralized horizon possibly extends well beyond Teck Resources’ crown grants, and onto the company’s claims surrounding the crown grants,” Stuhini’s CEO Dave O’Brien said in a statement. “The project’s location and its proximity to power and infrastructure makes Big Ledge a very attractive zinc asset.”
Goldshore Resources Inc has revealed impressive assay results from its ongoing 100,000-meter drill program at its Moss Lake project, 100 km west of the city of Thunder Bay, Ontario. The Vancouver, British Columbia-based junior gold development company explained that the drilling is aimed at expanding and defining high-grade structural zones within the Moss Lake deposit to improve the overall grade and volume beyond that of the historic mineral resource. In a statement, Goldshore CEO Brett Richards said: “As we have demonstrated since the beginning of our drill program, our thesis that Moss Lake is larger (in depth, in width and along strike) is proving to be true.”
Royal Helium Ltd – which is acquiring Imperial Helium Corp – said it has received the final results on its seismic program at Val Marie, with the initial well at the project scheduled to spud on July 10, 2022. The Val Marie project is located in southwest Saskatchewan and consists of claims totalling 13,000 hectares. The project lies in the heart of the Bowdoin Dome feature which has hosted both historic and current helium production. Royal said the program, which consisted of 35 kilometres of both newly acquired and purchased trade data has identified a series of large structural features, from which it has selected its initial drill target as well as five additional high-priority targets.
Cypress Development Corp could start production from its Clayton Valley lithium asset as early as 2025, analysts at Noble Capital said as they recommended an ‘Outperform’ rating on the stock. Located near Silver Peak, Nevada, Cypress plans to mine claystone, produce a high-grade lithium concentrate solution and apply a licensed lithium extraction process to produce lithium concentrate or hydroxide at Clayton Valley. Analysts at Noble estimate that Cypress could put Clayton Valley into production “as early as 2025” following the completion of a feasibility study by the end of 2022, a two-year permitting period and a one-year construction period.
New Pacific Metals Corp said it has commenced a 6,000-metre (m), one-rig drill program at the Silverstrike project in Bolivia targeting a broad gold zone identified by the company and historical drilling. The company has previously identified near-surface broad zones of silver mineralized in altered sandstones to the north, with similarities to New Pacific’s Silver Sand project located 450 kilometres northwest of the Silverstrike project. New Pacific said it has also identified a near-surface broad silver zone that occurs near the top of a 900 m diameter volcanic dome of ignimbrite units with the intrusion of rhyolite dyke swarm and andesite flows and a broad gold zone occurs halfway from the top of the dome in the Silverstrike Central area.
MedX Health Corp has announced that recently-appointed CEO Naman Demaghlatrous has been appointed to its board of directors. MedX noted that Demaghlatrous, who was named CEO on March 23, 2022, has over 20 years of healthcare and pharmaceutical industry experience, previously building international market development strategies and distribution networks for Medtronic, Johnson & Johnson, and Atfal Pharma. Demaghlatrous joined MedX in 2021 as managing director of the company’s operations in Europe, the Middle East and Africa, and has since been instrumental in developing and expanding its global market opportunities and establishing distribution partnerships and adoption of MedX’s DermSecure Screening Platform in Europe, the Middle East, and North America, the company added.
Nevada Silver Corporation announced that Sheldon Inwentash has resigned as non-executive chairman of the company, with immediate effect. John Kutkevicius, a director of the company, will assume the role of interim chair until a permanent replacement is announced. He holds a Bachelor of Commerce from Queen’s University, a Bachelor of Laws from the University of Western Ontario and a Master of Laws from York University. Kutkevicius practices law exclusively in the areas of income tax and estate planning and has extensive experience in diverse areas of the income tax practice, including corporate reorganizations, mergers and acquisitions, financings, resource taxation, insurance taxation and dispute resolution. He formerly sat on the board of directors of several junior resource companies including Chariot Resources Ltd, Barkerville Gold Mines Ltd, and Changfeng Energy Inc and is a member of the Canadian Tax Foundation.
Sanatana Resources Inc said it has changed its auditor from BDO Canada LLP to Davidson & Company LLP effective June 13, 2022. Sanatana’s board of directors accepted the resignation of the former auditor and appointed the successor auditor effective June 13, 2022, and to hold office until the close of the company’s next annual general meeting of shareholders. There were no reservations in the former auditor’s audit reports for any financial period during which the former auditor was the company’s auditor. There are no “reportable events” (as the term is defined in National Instrument 51-102 – Continuous Disclosure Obligations) between the company and the former auditor.
Universal Ibogaine Inc (UI) said it has engaged investor communications firm Blue Digital Media & Web Solutions for assistance with expanding awareness of UI’s business activities. Blue Digital will provide expanded distribution of the UI story across multiple channels and audiences. The expected result is increased awareness of UI’s plans for research into utilizing ibogaine as part of the delivery of a continuum of care treating opioid abuse and other addictions. UI said Blue Digital will receive compensation of US$27,000 for a 3-month engagement effective June 13, 2022. In addition, Blue Digital will receive a total of 450,000 stock options to purchase common shares of the company, with an exercise price of $0.10 per share, a term of 3 years to expiry, and vesting one-third at the end of each month of the term of service. Nick Karos, UI’s chief executive officer, commented: “We are pleased to have access to Blue Digital’s distribution channels, as their reach across borders will expand awareness of our business to new audiences. Addiction knows no boundaries and so the solution we pursue must also be global in nature.”
Pure Gold Mining Inc said its board of directors has approved the grant of an aggregate of 35,450,000 stock options for incentive and operational retention purposes, to senior mine site personnel, the executive management team, the board and an outside technical advisor to the company, under its stock option plan. The stock options have an exercise price of $0.275 and expire after five years.
Vicinity Motor said the TSX Venture Exchange has accepted for filing the company’s proposal to issue one million new bonus warrants in consideration of the term extension of $10.3 million in unsecured debenture units originally issued on October 4, 2021. The new warrants will bear a maturity date of October 4, 2023, and may be exercised at a price of $2.25 per common share of the company. The warrant certificate for 412,000 warrants dated October 4, 2021, will be cancelled upon issuance of the new warrants. All other terms of the debt will otherwise remain unchanged.
Adcore Inc said it has entered into an agreement to purchase for cancellation 2,171,400 common shares of the company, representing 3.4% of the issued and outstanding common shares, from a former executive officer of the company at a price of $0.20 per common share. Following completion of the acquisition and the cancellation of the common shares acquired, based on current numbers, the company will have 61,613,021 common shares issued and outstanding. Adcore said its board of directors believes that the market price of the common shares does not fully reflect their value and accordingly, the purchase of common shares is in the best interests of the company and its shareholders and represents an attractive and appropriate use of available funds.
Michael Gentile said he has filed an early warning report announcing the acquisition of 12,750,000 units in the capital of Lucky Minerals Inc. Prior to the completion of the acquisition, Gentile beneficially owned or controlled 8,875,000 common shares in the capital of the company and 6,625,000 common shares purchase warrants representing approximately 5.91% of the company’s issued and outstanding on an undiluted basis and approximately 9.89% on a partially diluted basis. Following the completion of the acquisition, Gentile beneficially owns and/or controls, an aggregate of 21,625,000 common shares and 19,375,000 common share purchase warrants representing approximately 11.6% of the company’s issued and outstanding on an undiluted basis and approximately 19.98% on a partially diluted basis. Gentile said the units were acquired for investment purposes, adding that he has a long-term view of the investment and may acquire additional securities of the company either on the open market or through private acquisitions or sell the common shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
Dore Copper Mining Corp has said it will be participating in THE Mining Investment Event of the North, which will be held in person and will take place on June 19-21, 2022, at the Fairmont Chateau Frontenac and Voltigeurs de Quebec Armoury in Quebec City, Canada. Ernest Mast, the company’s president & CEO, will be presenting at 10.50am ET on June 20. Management from Dore Copper Mining will also be holding one-on-one investor meetings throughout the three-day conference. Interested parties should contact Nancy Larned at nlarned@vidconferences.com to inquire about registering to attend. THE Event will feature a mix of exploration, development, royalty companies and producers representing all commodities. CEOs will be asked to present in a unique “THE Talk” format, be part of a panel, or be interviewed. THE Event will also feature keynotes and panels with well-known industry thought leaders. A list of participating companies, panelists and keynote speakers and a preliminary agenda can be found at https://vidconferences.com/conferences-events/in-person/canadas-first-tier-1-mining-conference/
OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, has announced that Appia Rare Earths & Uranium Corp, a Canadian company currently delineating high-grade critical Rare Earth Elements at Alces Lake, has qualified to trade on the OTCQX Best Market and has upgraded from the OTCQB Venture Market under the symbol APAAF. 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.
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