Broker Canaccord is upbeat on gold and gold stocks for 2023 on the back of a rollercoaster 2022 as inflation and the US economy now cools and the Federal Reserve may pause its rate-hiking run.
Last year, a hawkish Fed helped the US dollar soar to 20-year highs, which did not aid the gold price, which tends to move inversely to the greenback.
Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) has announced results from a surface sampling program at its Cambridge Project in Nevada’s Lyon County, including the best samples that revealed 93.8, 41.4 and 16.4 grams per ton (g/t) gold from small shaft dump samples.
The company said a two-person crew sampled the prospective area south of the Cambridge mine in late November 2022, with grab samples collected from float, outcrop and dump piles.
Allergy Therapeutics PLC (AIM:AGY, OTC:AGYTF) has said it is confident about the direction of funding discussions as it forecast that revenue for the first six months of its current financial year to be £39.9mln, down 18% compared to the same period a year earlier.
The decrease in revenue is primarily due to a voluntary short-term pause in production in the UK and the streamlining of some older products in the company's portfolio, the firm noted.
Medivolve Inc. (NEO:MEDV.AQN, OTC:COPRF) said it has arranged a non-brokered private placement offering of common shares at a price of 15 cents per common share for aggregate gross proceeds of up to $4 million. The company intends to use the net proceeds of the offering to advance Medivolve's business, marketing, repayment of outstanding debt and payables, and for general corporate purposes. The offering is expected to close on or about January 31, 2023, and may close in tranches. No finder fees are anticipated to be paid as part of the offering. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day. Completion of the offering is subject to a number of conditions, including final approval of the Neo Stock Exchange.
G Mining Ventures Corp (TSX-V:GMIN, OTCQX:GMINF) said it has obtained a receipt for a final short-form base shelf prospectus with the securities regulators in each province and territory of Canada. This filing allows the Corporation and/or selling security holders to make offerings of common shares (including by way of an "at-the-market distribution" in accordance with applicable securities laws), preferred shares, subscription receipts, warrants, debt securities, units or any combination thereof for up to a maximum amount of C$500 million during the 25-month period over which the base shelf prospectus is effective. The company said it has filed this base shelf prospectus in order to have greater financial flexibility going forward, but has no immediate plans to issue any securities under it at this time, and may never proceed with any such issuance.
Sigma Lithium Corp (TSX-V:SGML, NASDAQ:SGML) has filed an updated technical report titled "Grota do Cirilo Lithium Project Aracuai and Itinga Regions, Minas Gerais, Brazil, Updated Technical Report," outlining a preliminary feasibility study supporting the news release dated December 5, 2022. The updated technical report was issued on January 16, 2023, and is available on SEDAR (www.sedar.com), EDGAR (www.sec.gov) and the company's corporate website.
Hawkmoon Resources Corp (CSE:HM, OTCQB:HWKRF) has announced that Thomas Clarke has resigned as vice-president of exploration and as a director of the company. Branden Haynes, chief executive officer of Hawkmoon, commented: "On behalf of the company, I would like to thank Thomas for his many contributions to the company. We wish him all the best in his future endeavours." Hawkmoon said it intends to engage a geologist to replace Clarke as VP exploration in the near future.
OTC Markets Group Inc. (OTCQX:OTCM), the operator of regulated markets for 12,000 US and international securities, has announced that Premium Nickel Resources Ltd, a Canadian company dedicated to the exploration and development of high-quality nickel-copper + cobalt resources, has qualified to trade on the OTCQX Best Market and has today upgraded from the Pink market under the symbol PNRLF. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best-practice corporate governance and demonstrate compliance with applicable securities laws.
OTC Markets Group Inc also said that American Battery Technology Company (ABTC), an American critical battery materials company that is commercializing both its primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling technologies, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market under the symbol ABML. The OTCQX Market provides investors with a premium US public market to research and trade the shares of investor-focused companies. “Directly reflecting the continued evolution of our company governance structures, financial stewardship, and streamlined focus on progression towards commercialization, we are excited to have been invited to trade on the OTCQX market,” said ABTC CEO Ryan Melsert. “Trading on the highest tier of the OTC Markets in the near term supports expanded visibility and access to a wide pool of investors throughout the world as we continue our progression to larger markets and expanded commercial operations.”
Transition Metals Corp (TSX-V:XTM) said it has scheduled a live webcast to discuss a detailed analysis of the drill results from the Pike Warden Au-Ag-Cu Project on January 24, 2023, at 1.00pm Eastern Time via the following webcast Link: https://us02web.zoom.us/j/89895297143?pwd=ZCtPVTB5eVdLenc1dENVVW5Ncm1lZz09. As previously disclosed, results from a program of shallow RC drilling at the ERT zone returned significant grades of silver mineralization on the project's maiden drill program. The ERT zone is only one of 18 identified mineralized zones discovered to date on the property. The company believes this cluster of mineralization may be part of a marge larger epithermal - porphyry copper system. Transition Metals also announced that it will be exhibiting in person at the AME Roundup 2023 in Vancouver from Monday, January 23 and Tuesday, January 24. Interested parties can visit booth 6 in the Project Generator Hub or contact Scott McLean, CEO, at smclean@transitionmetalscorp.com to arrange a meeting.
Forward Water Technologies Corp (TSX-V:FWTC) said it has granted incentive stock options to its CEO, Howie Honeyman, to acquire 425,000 common shares in the capital of the company at an exercise price of $0.1050 in accordance with the company's 10% rolling incentive stock option plan. The options are exercisable for a five-year term expiring January 19, 2028. The options granted vest as to one-third immediately, the second third on January 19, 2024, and the final third on January 19, 2025.
Nextech AR Solutions Corp. (CSE:NTAR, OTCQX:NEXCF) has announced that its CEO Evan Gappelberg will be presenting at the AlphaNorth Capital Conference on January 21, 2023. The AlphaNorth Capital Event includes thirty one-on-one meetings for Nextech AR’s CEO, with a host of qualified investors from CIBC Wood Gundy, Canaccord Genuity, Scotia Wealth Management, Research Capital, and other institutions, as well as high net worth private investors and wealth managers.
Vox Royalty Corp (TSX-V:VOX), the mining royalty company, reported that in connection with the review of the preliminary base shelf prospectus dated October 25, last year and further to the Ontario Securities Commission's (OSC) review of the company's continuous disclosure in connection with the prospectus, the company will be refiling its technical report on its Wonmunna project dated August 10, 2022, its annual management discussion and analysis for 2021, dated April 26, 2022, and its interim management discussion and analysis for the nine month period ended September 30, 2022, dated November 15, 2022 to address comments raised by the OSC. "The company is pleased to be updating its technical disclosure concerning certain technical reports and MD&A as requested by the OSC in conjunction with its review of our preliminary base shelf filing, which is needed to strictly comply with NI 43-101," said Kyle Floyd, CEO in a statement. "Management is pleased to have the disclosure fully compliant and does not believe that the disclosure amendments are material (individually or in the aggregate)". See the full report here.
VolitionRx (NYSE-A:VNRX) will take part in a webinar hosted by Edison Group on January 26 at 12pm ET, which will focus on Volition's Nu.Q Vet commercial strategy. The webinar will include updates from Dr. Tom Butera (Chief Executive Officer) and Dr. Heather Wilson Robles (Chief Medical Officer) of Volition Veterinary Diagnostics Development LLC, and Gael Forterre, Volition's Chief Commercial Officer. The panel follows the release of 'Vetting the pet health opportunity', an insights report on Volition. "We are now embarking on a pivotal phase for Volition as we continue to roll out our Nu.Q technology within the companion animal healthcare sector and capitalize on what we believe to be significant mass market opportunities. It is a hugely exciting time for the company,” CEO Butera said. Participants may register here: https://edisongroup.zoom.us/webinar/register/WN_TjeTdVOLQry4PpBJyzLCpg.
SinglePoint Inc (OTC:SING) announced that Wil Ralston, CEO of SinglePoint, will be on The Uncaged Show (https://uncagedshow.com/) to discuss how the company is helping commercial, government, and residential consumers adopt sustainable solutions for indoor air quality and solar energy. The Uncaged Show celebrates the thought leadership of today's top business leaders.