American Resources Corporation (NASDAQ:AREC) told investors that its ReElement Technologies division has achieved ultra-high pure (greater than 99.9%) lithium from its exclusively licensed and patented multi-modal chromatography technology that was developed in partnership with Purdue University.
The company said ReElement is focused on selling its high-purity lithium carbonate (Li2CO3) to the domestic battery manufacturing industry to help satisfy the need for domestically supplied battery materials while aligning with the clean vehicle tax credit as part of the Inflation Reduction Act.
Tiziana Life Sciences Ltd (NASDAQ:TLSA) has hailed news of an improvement in a multiple sclerosis patient being treated with intranasal foralumab in a clinical study.
This second expanded access patient (EA2), who has non-active secondary progressive multiple sclerosis (SPMS), has shown further improvements since last reported in September last year, according to the US Food & Drug Administration (FDA) recognised Expanded Disability Status Scale (EDSS). This is a measure of neural network functioning with ratings from 1 to 10 - a higher score means more disability.
Algernon Pharmaceuticals Inc. (CSE:AGN, OTCQB:AGNPF) said it has set up Algernon NeuroScience (AGN Neuro), a new wholly-owned private subsidiary of AGN Pharma, to advance its psychedelic DMT (N,N-Dimethyltryptamine) stroke program.
The company said it has valued the psychedelic DMT research program at US$20 million and has completed an asset transfer and trademark license agreement, transferring all DMT research program assets into AGN Neuro. The company has also signed a management agreement with AGN Neuro to provide all day-to-day operations, as well as management of the DMT stroke clinical trial program.
Liberum Capital expects a new drill rig to be found ‘fairly swiftly’ by Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF), which earlier Tuesday revealed it had unexpectedly lost access to the kit it hoped to deploy.
“While today’s announcement is likely to result in a delay to the original 1Q23 [first-quarter] spud date, an updated timeline will be provided once a new rig has been found, Helium One remains committed to delivering a successful campaign as early as possible in 2023,” said Liberum analysts in a note to clients.
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) shares rallied as investors returned to their desks for the new year and as the explorer provided additional commentary around its Alkaid-2 well results, that had spooked the market when released on 30 December.
The explorer told investors then that the Alkaid-2 well appears to be performing well whilst still undergoing constraints of its ‘clean up’ phase, which encountered a blockage in one section of the well.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) said it will exhibit its interior sensing technology at CES 2023, held at the Las Vegas Convention Centre, from 5 to 7 January.
According to a statement, Seeing Machines will be showcasing its latest software and algorithm developments for its FOVIO driver and occupant monitoring system (DMS/OMS) technology solutions.
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) has provided investors with further insights into last week’s Alkaid-2 well results from Alaska by publishing an ‘Investor Q&A’, via a statement on the stock exchange.
The full Q&A is shown below.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it is reviewing a number of alternative rig options for its Rukwa operation in Tanzania after it unexpectedly lost access to the Exalo drill rig that was supposed to be on-site early this year.
Chief executive David Minchin described the decision by the current operator to pay rig retention costs rather than release the unit as “disappointing and frustrating”.
Xantippe Resources Ltd (ASX:XTC, OTC:XTCPF) has identified a potentially large lithium-bearing brine zone during a geophysical survey at its Carachi Project in the lithium-rich province of Catamarca, Argentina.
The company recently completed a vertical electrical sounding (VES) survey covering about 300 square kilometres of the salar which has common geologic features with other lithium-rich salars in the region.
G2 Energy Corp (CSE:GTOO, OTC:GTGEF) confirmed that it has filed its unaudited financial statements for the three-month period ended September 30, 2022, accompanying management's discussion and analysis, and related CEO and CFO certifications that were due to be filed on Nov. 29, 2022. The Q1 filings are available for review under the company's SEDAR profile. As a consequence, the company will apply for revocation of the management cease trade order issued by the B.C. Securities Commission in respect of the delayed annual filings in accordance with National Policy 12-202 (Revocation of Certain Cease Trade Orders).
GGX Gold Corp. (TSX-V:GGX) said it has closed the first tranche of the non-brokered private placement previously announced on December 16, 2022, by issuing 1,375,000 flow-through units at a price of $0.08 cents per unit for gross proceeds of $110,000. Each flow-through unit will comprise of one common share (which is a flow-through share for Canadian income tax purposes) and one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at the price of $0.10 for 24 months after closing. Proceeds from the private placement will be used for the continued exploration work on the Gold Drop Property in the Greenwood mining camp of south-central British Columbia. All securities issued in connection with the offering will be subject to a hold period expiring April 29, 2023. The company paid no commission for this tranche. The closing of the private placement is subject to final TSX-V approval.
Kovo HealthTech Corporation (TSX-V:KOVO) said that under its equity incentive plan it has granted a total of approximately 2,406,563 restricted share units (RSUs) to its management team based on meeting key operating milestones in 2022, subject to acceptance by the TSX Venture Exchange and based on the market price at closing on December 29, 2022.
Vicinity Motor Corp. (TSX-V:VMC) has announced the granting of deferred share units (DSUs). Certain eligible directors have requested that their respective director's remuneration for the calendar year 2022 be paid in DSUs and, accordingly, the company has granted 148,437 DSUs in connection with directors remuneration for the fourth quarter.
Phunware Inc (NASDAQ:PHUN) said it will be virtually holding one-on-one and small group meetings at the 25th Annual Needham Growth Conference on January 12, 2023. The Annual Growth Conference is Needham’s flagship conference featuring presentations from over 550 public and private company management teams, fireside chats, and 1-on-1 meetings for qualified institutional, private equity, and venture capital investors. To receive additional information or to schedule a one-on-one meeting, email PHUN@gatewayir.com.