H.C. Wainwright & Co has started covering Graphene Manufacturing Group Ltd (TSX-V:GMG, OTC:GMGMF), which it describes as an "under followed stock" with "meaningful" upside.
The firm stands at an inflection point as it looks to commercialize, what the broker believes is a "disruptive graphene producing technology", which uses methane gas to produce high-grade graphene in bulk quantities at very low cost.
Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) said it has signed an exploration agreement that formalizes its relationship with various native communities for meaningful participation in projects conducted on their traditional lands, employment opportunities and financial returns.
The agreement is with Ya’ thi Néné Lands and Resources (YNLR), together with the Hatchet Lake Denesułiné First Nation, Black Lake Denesułiné First Nation, Fond du Lac Denesułiné First Nation - the Athabasca First Nations - and the Northern Hamlet of Stony Rapids, the Northern Settlement of Uranium City, the Northern Settlement of Wollaston Lake and the Northern Settlement of Camsell Portage. collectively known as the Basin Communities.
Water Tower Research analyst Shawn Severson has noted that second-quarter 2023 results from Ocean Power Technologies Inc (NYSE-A:OPTT) (OPTT) showed its consulting business driving top-line growth, together with strong R&D efforts across the company's offerings.
Severson pointed out that OPTT saw its Q2 revenue grow by 22.7% year-on-year to $0.3 million, compared with $0.2 million in 2Q22, with the increase primarily due to higher levels of revenue, stemming from the acquisition of MAR, which produced $0.1 million in 2Q23, while sales of WAM-Vs also drove growth.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said it has completed a preliminary maiden resource estimate for the Gilar deposit in Azerbaijan, which contains over 135,000 ounces of gold, 21,500 tonnes of copper, and 23,000 tonnes of zinc.
The resource estimate was compiled by an independent consultant and is based on stage one drilling. It is not, at this stage, JORC compliant.
Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) (TG) has clarified some details of the agreement with Battery Metals Limited to acquire the entire issued share capital of its subsidiary Suni Resources SA owing to some questions received from investors in relation to the shareholder loans amounting to around A$29 million that will be assigned to the company.
TG said it will not be assuming any external debt as a result of the acquisition and it will not have any obligation in respect of repayment of or the payment of interest in respect of any third-party debt upon completion as a result of the acquisition of Suni Resources.
Euro Sun Mining Inc (TSX:ESM, OTC:CPNFF) has announced the appointment of Ryan Ptolemy as chief financial officer of the company effective immediately. Ptolemy will succeed Paul Bozoki following his resignation. Ptolemy is a CPA, CGA and CFA charter holder who also attained a Bachelor of Arts from Western University. He serves as chief financial officer to many public and private companies in the resource sector, particularly development-stage companies. Ptolemy formerly served as chief financial officer for an independent investment dealer in Toronto where he was responsible for financial reporting, budgeting and the company’s internal controls. Euro Sun said its management and board of directors would like to thank Bozoki for his services and continued support of the company.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has announced the exercise of share options for 400,000 common shares without par value at a price of C$0.145 per common share in the share capital of the company, for an aggregate consideration of $58,000. The new shares will rank pari passu with the existing shares and application has been made for them to be admitted to trading on AIM on December 22, 2022. The new shares will also trade on the TSX Venture Exchange. Following the admission, Thor Explorations' issued share capital will consist of 643,733,413 common shares. The company does not hold any shares in treasury.
Klondike Gold Corp. (TSX-V:KG) has announced that further to its news release of November 10, 2022, the NI 43-101 Technical Report relating to the 2022 Mineral Resource Estimate on the Klondike District Gold Project, located in the Dawson Mining District, Yukon, Canada, has been filed on SEDAR. The Technical Report dated December 16, 2022, with an effective date of November 10, 2022 is entitled 'NI 43-101 Technical Report for the Klondike District Gold Project, Yukon Territory, Canada'. The Technical Report was prepared in accordance with the National Instrument 43-101 Standards for Disclosure of Mineral Projects (NI 43-101) and is available for review under the company's profile on SEDAR at www.sedar.com and on the company's website at www.klondikegoldcorp.com.
Soma Gold Corp. (TSX-V:SOMA) has announced that all matters submitted to the shareholders for approval as set out in the company's Notice of Meeting and Information Circular, both dated November 10, 2022, were approved by the requisite majority of votes with 70.86% of eligible votes cast at its Annual General Meeting (AGM) held on Friday, December 16, 2022. The company also announced that, subject to regulatory approval, the grant of a total of 740,000 stock options to directors, officers, and employees of the company to purchase common shares in accordance with its equity incentive plan. The options vest immediately and are issued at an exercise price of 30 cents per common share and expire five years from the date of issuance. Upon completion of this grant, there will be 6,025,332 options and RSU's granted under the plan, representing 6.6 % of the outstanding shares of the company.
Altaley Mining Corporation (TSX-V:ATLY) said that under a directors resolution dated November 30, 2022, the company has consolidated its capital on a one-new-for-eight-old basis. Effective at the opening on December 20, 2022, the common shares of Altaley Mining Corp. will commence trading on the TSX Venture Exchange on a consolidated basis.
Bridgeline Digital Inc (NASDAQ:BLIN) has announced that it will release its financial results for the fourth quarter of fiscal 2022 on Tuesday, December 20, 2022, at 4.30pm ET. On that day, Ari Kahn, the company's president and chief executive officer, and Thomas Windhausen, the company's chief financial officer, plan to host a live conference call at 4.30pm ET to discuss the financial results. The registration link for the conference call and replay is: register.vevent.comregister.vevent.com.
PlantX Life Inc. (CSE:VEGA) has provided an update on the delay in the filing of the company's annual financial statements, management's discussion and analysis and related certifications for the fiscal year ended March 31, 2022 and its financial statements, management's discussion and analysis and related officer certifications for the six-month period ended September 30, 2022. The company said its 2022 audit currently remains ongoing and, as previously disclosed, is experiencing delays caused by the need to complete the previously announced restatement of the company's annual audited financial statements for the fiscal year ended March 31, 2021, and the implementation of additional internal control procedures as a result of the restatement process. The company said it is working diligently with the auditors to complete and file the annual filings and the interim filings and expects to have the audit of the annual filings completed and filed, within a few business days. The company expects the interim filings to be filed concurrently with or shortly after the annual filings. Trading in the company’s securities currently remains subject to a general "failure to file" cease trade order issued on October 18, 2022, by the British Columbia Securities Commission.
OTC Markets Group Inc. (OTCQX:OTCM), the operator of regulated markets for trading 12,000 US and international securities, has announced that blueharbor bank, headquartered in Mooresville, North Carolina, has qualified to trade on the OTCQX Best Market and has today upgraded from the Pink market under the symbol BLHK. Graduating to the OTCQX Market marks an important milestone for community banks in the US public markets. The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best-practice corporate governance, and demonstrate compliance with applicable securities laws.
First Mining Gold Corp. (TSX:FF, OTCQX:FFMGF) said it has closed the previously announced sale of its 1.5% net smelter return (NSR) royalty on the Goldlund gold property in Ontario owned by Treasury Metals to an affiliate of Sprott Resource Streaming and Royalty Corp for total cash consideration of approximately C$9.5 million (US$7 million). Following the closing of the Goldlund Royalty Transaction, First Mining continues to hold a comprehensive royalty portfolio comprised of 20 royalties across four countries, which includes a 2.0% NSR royalty on the Pickle Crow gold project in Ontario operated by Auteco Minerals Ltd, a 1.5% NSR royalty on the Hope Brook gold project in Newfoundland operated by Big Ridge Gold Corp. and NSR royalties on a number of other exploration and development projects.
Global Energy Metals Corp (TSX-V:GEMC) has said it intends to reprice an aggregate of 13,506,500 outstanding common share purchase warrants issued under three private placements that closed September 2020, May 2021 and March 2022 with Warrant expiration dates in September 2023, May 2024, and March 2024. The warrants are proposed to be repriced to $0.08. The company believes that the repricing of the amended warrants is reasonable and necessary in the context of the overall market, as it increases the likelihood that any additional near-term cash needs of the company could be financed through the exercise of the amended warrants. The warrants, as amended, will be subject to an accelerated expiry provision such that if, for any 10 consecutive trading days during the unexpired term, the closing price of the common shares exceeds $0.10, representing the amended warrant exercise price of $0.08 plus 25%, the exercise period of the warrants will be reduced to thirty calendar days. The company will announce any such accelerated expiry date by press release, and the 30‐day period will commence 7 days after the last premium trading day. All other terms of the warrants remain unchanged.
The warrant amendments are subject to acceptance by the warrant holders and approval of the Exchange. The company also announces that if it obtains warrant amendment approval, it will institute a warrant exercise incentive program designed to encourage the early exercise of 13,506,500 warrants. Under the incentive program, the company will offer an inducement to each warrant holder that exercises their warrants for a period of 30 days from receipt of warrant amendment approval, by the issuance of one additional common share purchase warrant for each warrant exercised during the 30-day period of the incentive program. Each incentive warrant will entitle the holder to purchase one additional common share for a period of 12 months from the date of issuance of such incentive warrant, at a price of $0.15.
Toubani Resources Inc. (TSX-V:TRE, ASX:TRE) has invited shareholders and investors to a webinar on Wednesday, 21 December 2022 at 10:00am AEDT / 7:00am AWST, where incoming CEO, Phil Russo, will join the company’s current CEO, Danny Callow and provide a company overview and engage in a Q&A session. Interested participants may register here: https://janemorganmanagement-au.zoom.us/webinar/register/WN_4uEPIOGdTLewgCk-VXVU3w.