Kainantu Resources Ltd (TSX-V:KRL) (KRL) has filed a Technical Report entitled "Kili Teke Cu-Au Project, Papua New Guinea" relating to the company's proposed acquisition of the Kili Teke project from Harmony Gold (NYSE:HMY) Exploration Limited, initially disclosed in April 2022.
The independent report was written by Graeme Jon Fleming of GJF Geological Services and fulfils one of the few remaining conditions precedent for KRL to acquire the project.
Power Nickel Inc (TSX-V:PNPN) has told investors that recent results from Phase 2 drilling at its Nisk deposit in Québec continue to show high-grade nickel-copper-cobalt sulfide and platinum group element (PGE) mineralization.
One hole (PN-22-009) sunk at the deposit in the James Bay territory hit 40.3 metres (m), grading 0.88% nickel, 0.56% copper, 0.06% cobalt, 1.64 parts per million (ppm) palladium and 0.15 ppm platinum, starting from 337.7m depth, the firm highlighted.
Nextech AR Solutions Corp. (CSE:NTAR, OTCQX:NEXCF) reported that its 3D modeling revenue surged more than 266% in 2022 compared to 2021, according to preliminary results.
The company’s technology services gross profit margin rose to 43% in 2022 compared to 28% in 2021. All told, revenue for fiscal 2022 was $10.3 million, $1.5 million of which came from 3D modeling.
Toubani Resources Inc. (TSX-V:TRE, ASX:TRE) has announced the appointments of Bill Oliver and Kerry Griffin to its technical management team, effective immediately.
Toubani said both men bring a wealth of experience to the company and will be instrumental in driving its exploration and resource development strategy as the company initiates a concerted effort to unlock the significant geological potential at the Kobada Gold Project in Southern Mali.
Mountain Valley MD Holdings Inc (CSE:MVMD, OTCQB:MVMDF) (MVMD) has announced that its chief medical officer (CMO), Dr Azhar Rana, will be transitioning to an advisory capacity, effective February 1, 2023. As announced in a news release on November 29, 2022, the company has been transitioning from a research and development phase to a commercialization focus and is focusing on recruiting experienced talent in those particular areas of human, plant, and husbandry animal health commercialization in the coming months. Dr Rana joined the company as CMO in August of 2021 and has made numerous contributions to the organization's advancement toward its commercialization objectives during his tenure. He will continue to advise MVMD's management as needed pursuant to an advisory agreement. "We are grateful to Dr Rana for his contributions to MVMD and look forward to continuing to work together in his new advisory role as we progress through this next phase focused on our key projects and technologies and the generation of revenues with a view to and our overarching goal to create long-term shareholder value," said Dennis Hancock, President & CEO of Mountain Valley MD.
Newrange Gold Corp. (TSX-V:NRG, OTCQB:NRGOF) has said that, in order to conserve capital, it has agreed with certain creditors to accept shares in the company in settlement of their debt. The aggregate number of shares to be issued, subject to TSX Venture Exchange approval, is 18,186,584 at a price of 1.5 cents per share, for settlement of $272,798.76 in debt.
PlantX Life Inc. (CSE:VEGA) has said it is retaining a law firm to review and assess legal options against auditors. The company said it has identified concerns with the delay, preparation, and issuance of the restatement of its fiscal 2021 financial statements and the audit of its fiscal 2022 financial statements. PlantX has retained Kushneryk Morgan LLP to review and assess legal options, including seeking financial recovery, to address the harm caused by the delay, preparation, and issuance of those materials. PlantX will take appropriate legal action against those who are responsible. Kushneryk Morgan is a boutique law firm in Toronto, Ontario with expertise in corporate commercial litigation and arbitration, securities and other regulatory enforcement matters, special situations and crises, and internal investigations and risk management.
Sidus Space Inc (NASDAQ:SIDU) has announced a partnership with ViaSatellite to educate industry leaders about the potential value of space-derived data in a webcast series, entitled 'The Future Space Economy'. Attendees will have an opportunity to learn more during the upcoming webcast, “Building in Space: Infrastructure for a New Frontier,” on January 23, 2023, featuring Carol Craig, founder and CEO of Sidus Space. Craig commented: “We’ve reached an inflection point where space-based data can be used to power predictive analytics and drive outcomes that benefit nearly every industry on Earth. Our mission is to provide access to critical space-based data so everyone can make informed decisions. We now have the knowledge and technology to get space-based data directly to end-users,” continued Craig. “Understanding how these technologies and data can be used in a meaningful way has been a challenge for many. Our webinar will provide an in-depth look at the opportunities available for businesses to take advantage of this rapidly growing market. We invite industry experts and thought leaders to join us as we explore what it takes to bring Space down to Earth."