Québec Nickel Corp (CSE:QNI, OTCQB:QNICF) told investors it has completed the closing of the first tranche of a brokered private placement of its stock that is targeting proceeds of up to $10 million.
The Vancouver, British Columbia-based mineral exploration company said it issued a total of 9,575,000 units at $0.20 each; 4,433,367 National flow-through shares at $0.24 each; and 10,612,000 Quebec flow-through shares at $0.25 each.
IXICO PLC (AIM:IXI, OTC:PHYOF) told investors it has been selected by a leading global pharmaceutical company, and new client, to provide MRI imaging services for an early phase clinical trial in Multiple System Atrophy.
The company, in a statement, said it had signed a start-up agreement with the client and it is anticipated to extend to a contract value of approximately £0.6mln early in 2023.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) is set to be the recipient of an additional US$1mln of grant funding, as it signed an amended cooperation agreement as part of a research project backed by the US government.
The company has previously received US$2.1mln of grant funding supporting operations on the tate 16-2 well in 2020 and 2021, and, it has continued to work closely with researchers from Utah's Energy & Geoscience Institute and the Utah Geological Survey.
Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF), the mining and mineral processing company which is focused on the development of the Broken Hill Cobalt Project in New South Wales, has now completed the processing of 4,200 tonnes of ore, yielding 680 tonnes of concentrate from the Concentrator Circuit.
The company said the grades of gravity circuit concentrate consistently averaged 4400 parts per million (ppm) cobalt during operations and the combined recovery for the concentrator circuit was typically 95%, exceeding the recoveries obtained in the 2020 Project Update (PFS level study) of 90%.
Lucky Minerals (TSX-V:LKY, OTC:LKMNF) has said its shareholders approved all resolutions presented to them at its Annual General Meeting held on December 6, 2022. This included approving the appointment of PricewaterhouseCoopers LLP as the company's auditor for the ensuing year and authorizing the directors to set their remuneration, setting the number of directors at five for the ensuing year and approving the appointment of the following to serve as directors until the next annual meeting of the shareholders: François Perron, Robert Rosner, Blake Hylands, Shaun Dykes and Roy McDowall; approving the adoption of a new rolling stock option plan for which the maximum number of common shares which may be issued is 10% of the company's issued and outstanding share capital at the date of grant. Disinterested shareholders also approved the Shares for Services Resolution under which the company may issue common shares of the company to Hubbard Perforaciones Ecuador Cia Ltda under a shares for services agreement.
Stuhini Exploration Ltd (TSX-V:STU) has announced that at the company's Annual General Meeting held on December 7, 2022, shareholders voted to re-elect Anthony Fogarassy, David O'Brien, Fioravante Aliperti and Kazuki Nohdomi as directors of the company; re-appoint Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as auditor of the company, and approve the company's new rolling 10% stock option plan.
Los Andes Copper Ltd (TSX-V:LA) said the TSX Venture Exchange has accepted for filing the company's proposal to issue 10,172 shares to settle outstanding debt for US$104,568 (C$140,373) at a deemed value of C$13.80 with one creditor.
ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) said it has retained Simone Capital Corp in the capacity of Investor Relations and Capital Markets Advisory. Simone Capital will leverage its proprietary database to engage and coordinate roadshows with retail brokers, portfolio managers, analysts, and individual investors on the company's behalf. Simone Capital is located in Toronto, Ontario and principally owned and operated by Anthony Simone and Matthew Benedetto In consideration for the services, Simone Capital will be paid C$6,500 per month for an indefinite term subject to termination on 30 days notice. Additionally, ACME said it has engaged Machai Capital Inc, located in Vancouver, British Columbia, for digital marketing services, branding, content creation, and data-optimization. In consideration for these services, Machai Capital will be paid C$12,500 per month for a six-month term.
Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQB:PNXLF) said it has granted 8,016,000 incentive stock options to directors, officers, employees and consultants of the company. The options are set for a period of five years, expiring on December 8, 2027, and each option will allow the holder to purchase a common share of the company at a price of $0.35. The options are subject to a 4-month hold period from the date of grant and to TSX Venture Exchange approval.
BlueRush Inc. (TSX-V:BTV) said it has affected the previously announced consolidation (of the company’s common shares on the basis of one post-consolidation common share for five pre-consolidation common shares held on December 8, 2022. The share consolidation was approved at the special meeting of shareholders of the company held on October 20, 2022, and the company's board of directors subsequently resolved to complete the consolidation. The company said it anticipates that the common shares will commence trading, effective at the market open on December 19, 2022, on the TSX Venture Exchange on a post-consolidation basis. Immediately prior to the consolidation there were 170,501,086 BlueRush common shares issued and outstanding. Following the consolidation, the company has approximately 34,110,217 common shares issued and outstanding. No fractional common shares will be issued upon the consolidation.
Kenorland Minerals Ltd (TSX-V:KLD) said that Sumitomo Metal Mining Canada Ltd has issued to the company its intent to exercise its 'top-up right' and retain its 10.1% interest in Kenorland. An aggregate of 16,852 common shares at a price of $0.72 per share will be issued in accordance with the IRA, subject to the approval of the TSX Venture Exchange.
Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from its Battery and Precious Metals Virtual Investor Conference held on December 7th and 8th are now available for online viewing at https://bit.ly/3iKkLlx. The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company’s resource section. Select companies are accepting 1x1 management meeting requests through December 13th.
Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ) announced that it has engaged Arion banki hf and Landsbankinn hf to provide certain market-making services in respect of Amaroq's Icelandic depositary receipts listed on the Nasdaq First North Growth Market in Iceland.
Universal Ibogaine Inc (TSX-V:IBO) announced that it has agreed to issue 350,000 company common shares, at a deemed price of $0.05 per share, as part of a settlement agreement related to a claim filed in August, 2021, by a former non-arm's-length consultant to the company. The shares issued will be subject to a hold period of four months plus one day from the date of issuance and the issuance has been accepted by the TSX Venture Exchange, Universal Ibogaine said.