American Rare Earths Ltd (ASX:ARR) has appointed a new president of North America to continue to build the company’s presence and partnerships in the region.
The highly experienced Melissa (Mel) Sanderson replaces Marty Weems in the position and brings with her accomplished leadership skills in mining and diplomacy.
PI Financial analysts have reiterated their ‘Buy’ rating and maintained their C$41 price target for Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) after the West Africa-focused gold miner reported fourth-quarter 2022 production results that were slightly above their estimates.
In a note to clients, the analysts also noted that Endeavour’s consolidated production guidance for 2023 is generally in line with their estimates, with all-in-sustaining costs (AISC) guidance slightly above.
Cypress Development Corp (TSX-V:CYP, OTCQX:CYDVF) announced the ongoing feasibility study being conducted at its Clayton Valley lithium project and operational lithium extraction facility is on schedule and on pace to be completed in the second quarter.
The company’s pilot plant is functioning as designed to leach lithium-bearing claystone material and produce concentrated lithium solution using its direct lithium extraction (DLE) process.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, told investors it has received a Notice of Allowance from the US Patent Office for its Privacy-First Identity Company trademark.
The company noted that it launched its low-code Privacy-First Identity solution for banks and financial institutions in 2022 and is now seeing significant traction. Over the past three months, 22 banks with total assets exceeding $50 billion enrolled in paid pilot programs over the past three months, it added.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) said it produced 355,000 ounces of gold in the fourth quarter of 2022, a 4% increase on the third quarter.
All-in sustaining costs remained roughly level at around US$954 per ounce.
G2 Energy Corp (CSE:GTOO, OTC:GTGEF) said it has received a notice of default from Cloudbreak Discovery PLC to the company and its subsidiary G2 Energy TX1 Inc regarding a default under Cloudbreak's US$2 million secured debenture related to default in payment of an interest installment, which was due December 31, 2022, among other alleged defaults. Cloudbreak holds second-ranking security over the shares of G2 TX1 held by the company. G2 TX1 owns the Masten unit oil and gas-producing property located in Texas. Cloudbreak also alleged that G2 TX1 breached the debenture for failure to pay ad valorem taxes on the Masten project, which is not true because the taxes are not due until January 31, 2023. Other alleged breaches relate to the company's negative working capital and maximum debt. The company is in discussions with Cloudbreak regarding an extension of time for the interest payment and other solutions, as well as better communication going forward. To reduce its working capital deficit, company is seeking to raise capital through an equity or debt private placement. Management is also in discussions with the sellers of the Masten project related to the situation with Cloudbreak and options to prevent unnecessary enlargement of this issue. The sellers provided G2 TX1 with US$1.6 million secured loan financing to finance a portion of the purchase price payable for the Masten project. The sellers were granted first-ranking security over the property and assets comprised in the Masten project.
Ocean Power Technologies Inc (NYSE-A:OPTT) (OPT) has said it will participate in the third installment of the 'Fireside Chats' series hosted by Water Tower Research at 2.00pm ET on January 26, 2023. The chat will be followed by a brief question-and-answer session. During this installment, Dr Philipp Stratmann, OPT chief executive officer will discuss the company's defense and security applications including recent demonstrations for autonomous systems to support broader ocean “drones” efforts, its focus on providing quiet and zero-emission systems to safeguard ocean resources, its efforts in monitoring illegal fishing activities, and tits approach to safeguarding of port and terminal facilities. “We are excited to continue our 'Fireside Chats' series and provide our investors with an in-depth look at our Company's efforts to support ocean sustainability and safety," said Dr Stratmann. To register for the listen-only event, interested parties can use the following link: https://us06web.zoom.us/webinar/register/WN_eJAwsm0LS2eBL2uq71KeAA. A replay of the presentation will be available under 'Events and Presentations' in the Investors section of the OPT website at investors.oceanpowertechnologies.com.
Africa Oil Corp (TSX:AOI) said it repurchased a total of 930,000 of its own common shares during the period of January 16, 2023, to January 20, 2023, under the previously announced share buyback program. During the period, the company repurchased 470,000 common shares on the TSX and/or alternative Canadian trading systems. The repurchases were carried out by Scotia Capital on behalf of the company. During the same period, the company repurchased 460,000 common shares on Nasdaq Stockholm, and these repurchases were carried out by Pareto Securities on behalf of the company. All common shares repurchased by Africa Oil under the share buyback program will be cancelled. During the period dated January 16, 2023, to January 20, 2023, the company cancelled 200,000 common shares repurchased under the share buyback program. Since September 27, 2022, up to an including January 20, 2023, a total of 18,555,190 Africa Oil common shares have been repurchased under the share repurchase program. A maximum of 40,482,356 Africa Oil common shares may be repurchased under the program over a period of twelve months commencing September 27, 2022 and ending September 26, 2023, or until such earlier date as the share repurchase program is completed or terminated by the company.
GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) said that it is the Uranium Title Sponsor at the Vancouver Resource Investment Conference (V.R.I.C.) taking place at the Vancouver Convention Centre West, 1055 Canada Place, on Sunday, January 29, 2023, and Monday, January 30, 2023. Daniel Major, the company's CEO, will be a panelist on the session entitled 'The Uranium Forecast' on January 30 at 3.30pm at the Speaker Hall and he will also present on Sunday January 29 at 1.20pm in Workshop 3. Major will also be present at GoviEx's booth, number 311.
KULR Technology Group Inc (NYSE:KULR) said it will demonstrate its KULR VIBE suite of products and services at the 2023 Autonomous VTOL Technical Meeting and Electric VTOL Symposium on January 24-26, 2023 in Mesa, Arizona. KULR is also a sponsor of the event. KULR VIBE’s proven software is based on Artificial Intelligence with “learning” algorithms to reduce the vibration in current and next-gen technology in hundreds of applications, including aviation, transportation, renewable energy (wind), manufacturing, industrial, performance racing and autonomous aerial (drone) applications. “Vibrations destroy everything,” said KULR’s President & COO, Keith Cochran. “Vibration issues never get better on their own; they destroy rotating components, critical electrical assemblies, induce wire chafing, cracking and fatigue of metal and composite structures, and cause loss of equipment and life. Removing vibrations increases battery efficiency resulting in longer flight time, increased payload capability and extended life of all rotating components.” Customers may contact KULR at contact@kulrtechnology.com to schedule an onsite software demonstration.
Québec Nickel Corp (CSE:QNI, OTCQB:QNICF) will be present at Booth #511 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West between January 29 - 30, 2023. “We are entering a new era of de-globalization. The trust that allowed for global trade over the last 30 years has shifted irreversibly and countries are now scrambling to secure supplies of natural resources as a matter of national security. As a result, demand for key resources, will skyrocket. We have gathered over 300 companies that are exploring for and producing these natural resources so investors can position themselves accordingly,” said Jay Martin, Host of the Vancouver Resource Investment Conference. For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.
Lobe Sciences Ltd (CSE:LOBE, OTCQB:LOBED) announced its Board of Directors voted to receive shares in Lobe in lieu of the traditional cash renumeration. Philip Young, Chairman and CEO, called the decision “a tremendous endorsement” of the firm’s progress. "Lobe's leadership in neurological conditions and brain disease continues to grow as evidenced by its proprietary platform of differentiated tryptamine-based analogues. The Board looks forward to seeing the advancement of these novel compounds in clinical trials in the first half of 2023. Collectively, we will continue to offer our industry expertise and strategic support to Lobe as the company emerges into a leader in neurologic conditions on a global scale."