Active Energy has appointed Steve Schaar as its chief operating officer to focus on the development of CoalSwitch production in the US.
Schaar recently worked for Enviva Biomass, one of the world's largest producers of biomass fuels where he was plant manager for production facilities at Sampson, North Carolina and Southampton, Virginia.
Québec Nickel Corp (CSE:QNI, OTCQB:QNICF) announced new drilling assay results from the Fortin Sill Zone at its Ducros nickel nickel-copper-platinum group elements project in Québec which suggest the metals-rich zone is open at depth and along strike.
Highlights from the results included Hole QDG-22-63, which returned a 4.9 metre (m)-long drill intercept averaging 0.77% nickel, 0.56% copper, 340 parts per million cobalt, and 0.80 grams per ton platinum-palladium-gold, which includes higher 3 m-long subintervals of 1.06% nickel, 0.77% copper, 447 parts per million cobalt, and 1.09 grams per ton platinum-palladium-gold.
ImagineAR Inc. (CSE:IP, OTCQB:IPNFF) told investors it has executed a non-binding memorandum of understanding (MOU) with a global digital publishing company to purchase a minimum of 10 and a maximum of 25 three-year SDK (software development kit) mobile app licenses in 2023 for top global icons in sport, music, entertainment and gaming.
Once the formal contract is signed, the company said the SDK licenses are expected to generate revenue between C$200,000 - C$414,000 per year for three years.
Solis Minerals Ltd (TSX-V:SLMN, ASX:SLM) has taken another key step towards realising the value of its battery metal assets in South America with the appointment of highly experienced mining executive Matthew Boyes as an executive director.
The company expects to reap the benefits of Boyes’ previous experience in South America including lithium and copper, which are the basis of Solis’ portfolio.
European Lithium Ltd (ASX:EUR, OTCQB:EULIF) and SPAC Sizzle Acquisition Corp (NASDAQ:SZZL) are on track to complete their business combination transaction and NASDAQ listing by the second quarter of 2023.
In October 2022, EUR and Sizzle signed an agreement pursuant to which EUR is combining its wholly owned Wolfsberg Lithium Project in Austria with Sizzle via a newly-formed lithium exploration and development company named “Critical Metals Corp” which is expected to be listed on Nasdaq.
Love Pharma Inc (CSE:LUV) has said it intends to proceed with a consolidation of its common shares on the basis of 10 pre-consolidation shares for 1 post-consolidation share after the company’s board of directors approved the consolidation on February 21, 2023. The company currently has 504,227,623 shares issued and outstanding. Accordingly, once the consolidation is effective, the company will have 50,422,762 Shares issued and outstanding, assuming there are no other changes in the issued capital of the company. The company intends to also proceed with consolidating its outstanding options and warrants on the same ratio as the common shares, with the result that each consolidated option and warrant will entitle the holder to acquire one Share at an exercise price of 10 times its original exercise price. The consolidation is being proposed in order to provide the company with increased flexibility to seek additional financing opportunities and is subject to the approval of the Canadian Securities Exchange. The company will not change its name as part of the consolidation.
Newrange Gold Corp. (TSX-V:NRG, OTCQB:NRGOF) has announced that, further to its news release of January 11, 2023, the aggregate number of shares to be issued under shares for debt agreements with certain creditors, will total 20,186,585 at a price of $0.015 per share, for settlement of $302,798.76. All securities issued will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issue. The company has received TSX Venture Exchange approval and the effective date of the transaction is February 27, 2023. The issuance of 6,166,667 common shares to directors and officers of the company constitutes a "related party transaction" as this term is defined in Multilateral Instrument 61-101: Protection of Minority Securityholders in Special Transactions (MI 61-101). The directors and officers of the Company, acting in good faith, determined that the fair market value of the common shares being issued pursuant to the shares for debt transaction and the consideration being paid is reasonable.
Medivolve Inc. (NEO:MEDV.AQN, OTC:COPRF) has said it will be hosting a corporate update presentation with analysts and investors via live webinar on March 8, 2023 at 1.00pm EST. Specifically, the webinar will feature Medivolve’s Chief Executive Officer, David Preiner, to discuss updates on the c ompany’s business developments. Participants can register to attend at the following registration link: https://zoom.us/webinar/register/WN_FN_IqgzsRiihZI_bmg3esA.
Auxico Resources Canada Inc (CSE:AUAG, OTC:AUXIF) has provided an update to its previously disclosed management cease trade order (MCTO), announced on January 30, 2023, in respect of the audited annual financial statements and corresponding management's discussion and analysis for the year ended September 30, 2022, including the CEO (chief executive officer) and CFO (chief financial officer) certifications that were not filed by the required filing deadline of January 30, 2023. The annual financials were not filed by the filing deadline due to the fact that there have been delays associated with the change in auditor this year, as well as the complex accounting treatment for the convertible debentures issued by the company in 2020. The company said it is working expeditiously on the steps required to complete the annual financial filings and expects to be able to file the annual financial filings by March 6, 2023. The company will provide updates as further information relating to the annual financial filings becomes available. The MCTO will be in effect until the annual financial filings are filed and requires that the annual financial filings be filed on or before March 6, 2023.
OTC Markets Group Inc. (OTCQX:OTCM), the operator of regulated markets for 12,000 US and international securities, has announced that Hafnia Ltd, an oil product and chemical tanker owner and operator, has qualified to trade on the OTCQX Best Market and has today upgraded from the Pink market under the symbol HAFNF. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading measures for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their local market reporting to make their information readily 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. With an increasing interest from US investors in the oil and shipping market, being present on the premier OTCQX Market is an essential step for Hafnia, a $2.5 billion market cap company with one of the world's largest fleets of product and chemical tankers. “By joining the OTCQX Market, we intend to generate wider interest and recognition with US based investors. We see first-hand the value created for companies that choose to cross-trade on OTCQX, and we are confident the widened US investor base will be an asset in generating higher trading volumes and stronger shareholder returns,” said Hafnia CEO Mikael Skov.
Burcon NutraScience Corp (TSX:BU) announced that Merit Functional Food's lenders, Export Development Canada and Farm Credit Canada, have filed an application with the Court of King's Bench of Manitoba for the appointment of a receiver in respect of the assets of Merit. The application is expected to be heard by the Court on Wednesday, March 1, 2023. Burcon said it intends to continue its discussions with Merit's lenders, as outlined in its recent shareholder letter, in order to seek a potential funding solution for Merit's business.
EnviroMetal Technologies (CSE:ETI, OTCQB:EVLLF) has entered into an investor relations agreement with Jemini Capital to provide strategic investor relations and financial communications services. Under the terms of the investor relations agreement, Jemini receives a monthly consulting fee of $3,000 and stock options to purchase 200,000 common shares of the company at a price of $0.15 per share. The six-month contract term commences immediately.
EnviroMetal also issued convertible notes with a total face value of up to C$215,200 bearing interest at a rate of 12% per annum accruing daily. The notes mature 120 days from the date of issuance. If the company completes an equity financing prior to the maturity date the notes will be converted into units of the equity financing. If the company does not complete an equity financing prior to the maturity date the face value of the notes plus accrued interest will automatically convert into units of an equity financing on the maturity date. Each maturity unit will consist of one common share and one share purchase warrant, exercisable into one common share for a period of two years from the maturity date at a price of $0.15 per share if converted within one year and at a price of $0.24 if exercised more than one year following the maturity date.
Transition Metals Corp (TSX-V:XTM) said shareholders voted overwhelmingly in favour of all items put forward by the Board of Directors and Management at its AGM on February 24. All four of the individuals nominated for the board of directors, namely Thomas Atkins, Jason Marks, Scott McLean and Brian Montgomery received the support of the company's shareholders to continue in their roles for the forthcoming year. A total of 19,441,586 Transition Metals common shares were voted, representing 33.896% of total shares issued and outstanding as at the record date of the meeting. Shareholders also voted in favour of ratifying the appointment of UHY McGovern Hurley LLP as auditors of the Company for the ensuing year and authorizing directors to fix the remuneration of the auditors; and ratifying of Omnibus Equity Incentive Compensation Plan.
Separately, Transition board members Jon Baird and William Pearson have retired from the board by not standing for re-election. CEO Scott McLean commented: "Jon and Bill have both been valuable contributors to the Company and we have benefitted greatly from their knowledge and decades of experience. On behalf of the Board of Directors, management and shareholders, I wish Jon and Bill all the best in the future."
Kootenay Silver Inc. (TSX-V:KTN) will present at the Pre-PDAC Mining Showcase hosted by Red Cloud Financial Services Inc on March 2 and 3. Kootenay Silver CEO James McDonald will present the company at 9.10am on March 3. "We invite you to come and hear about the exciting potential of the high-grade silver discovery Columba and why we think it is likely an almost entirely intact new vein district in Mexico,” McDonald said. “It is easy to understand our excitement when you see high-grade intercepts in multiple veins like 6 meters of 2035 grams per ton (gpt) silver, 17.8 meters of 650 gpt silver, 4.6. meters of 1186 gpt silver and 9.7 meters of 1746 gpt silver. We look forward to presenting to you.”