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The Markets
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The Markets
by Proactive
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News snapshot: Todos Medical, Platinex, Quantum eMotion, Nextech3D.ai, Alkaline Fuel Cell Power, enCore Energy UPDATE...

Experts following the bleeding edge of technology expect very few areas of human life will be left untouched by the imminent ‘AI revolution’, as a new generation of artificial intelligence systems take hold across the economy.

In less than a quarter of 2023, ChatGPT has blown open new avenues for AI technology – and blown more than a few minds along the way.

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Field Trip Health & Wellness Ltd announced it is closing five of its psychedelic wellness clinics across the US and Canada in an effort to reduce its expenses.

The Toronto-based firm said it was closing Field Trip Health Centres located in Chicago, Washington DC, Seattle, San Diego and Fredericton.

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ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) has reported that it has successfully reached a total depth of 1,940 feet (591 meters) in exploration hole DH-1A as part of the Phase 2 drill program at its Clayton Valley Nevada lithium brine project.

The company said prospective basin sediments have been encountered deep in DH-1A and delineated with a high probability to exhibit characteristics of the lower gravel unit (LGU) in Clayton Valley. The LGU is a permeable, lithium brine enriched, gravel aquifer, overlying bedrock throughout most of Clayton Valley and the core is consistent with the known basin stratigraphy, it added.

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Predictmedix Inc. (CSE:PMED, OTCQB:PMEDF) has announced the production of its AI-Powered mobile app in conjunction with a portable multi-spectral imaging camera to non-invasively detect impairment from alcohol and cannabis.

The non-invasive solution will be commercialized to serve global law enforcement agencies, transport, and other mobile high-risk industries where impairment remains a significant liability, it said.

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ARway Corporation (CSE:ARWY, OTC:ARWYF) revealed that it has signed five new deals for its Software Development Kit (SDK), which showcases the increasing demand for this disruptive technology.

Since its SDK was released on January 31, 2023, the company has been experiencing a wave of demand from resellers, enterprise corporations and brands, which is expected to drive significant revenue in 2023.

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Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) - formally Nextech AR Solutions Corp - has announced a number of new 3D modeling deals across a large variety of industries worldwide.

The company said sales continue to grow at an exponential rate, meaning that it is producing more 3D models each month with no end in sight, highlighting Nextech3D.ai as a major player in the rapidly growing $100 billion global 3D modeling market for eCommerce.

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Torr Metals Inc said its shareholders approved all matters proposed under the company's management information circular dated February 7, 2023, at its annual general and special meeting held earlier today. At the meeting, the shareholders elected Malcolm Dorsey, Sean Mager, Ewan Webster, Nicholas Stajduhar and John Williamson as directors of the company; appointed MS Partners LLP as auditor for the ensuing year and authorized the directors to set its remuneration; approved the company's 10% rolling stock option plan; and approved the company's restricted share unit plan.

Solstice Gold Corp has announced that Mike Timmins will step down from the role of CEO & director on March 31, 2023, to pursue an opportunity outside of the company. David Adamson will assume the role of chairman and Interim CEO until such time as a new CEO is appointed. Adamson, commented: “On behalf of the board of directors, I would like to thank Mike for his contribution to Solstice over the past year and wish him well in his future endeavours.”

Soma Gold Corp has announced that the civil disturbance, which had rendered the roads leading to and surrounding the El Bagre Gold Mining Complex in Columbia unsafe for the company's employees, has been resolved. As a result, employees are gradually returning to work, and the mining and milling operations will resume at the earliest convenience.

NEXGEL Inc has announced that it will report its financial results for the fourth quarter and full year periods ended December 31, 2022, after the market closes on March 27, 2023. Following the release of its financial and operating results, the company will host a conference call at 4.30pm ET on March 27, 2023. The conference call will be webcast live and can be accessed by registering on the Events and Presentations portion of NEXGEL’s Investor Relations website: Live Call number +1-877-407-9208 (U.S. Toll Free) or +1-201-493-6784 (International); Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1600317&tp_key=5dc1f7e99c. For interested individuals unable to join the conference call, a replay will be available through April 3, 2023, at +1-844-512-2921 (US Toll Free) or +1-412-317-6671 (International). Participants must use the following code to access the replay of the call: 13736617. An archived version of the webcast will also be available on NEXGEL’s Investor Relations site: https://ir.nexgel.com/. The webcast will be archived for approximately 90 days.

Crestview Exploration Inc revealed that is has closed the first tranche of its non-brokered private placement in the aggregate amount of $136,500 by issuing 1,300,000 units at a price of $0.105 per unit. Each unit consists of one common share and one share purchase warrant. The Calgary-based exploration company said that it plans to use the proceeds to expand geophysical surveying, claim expansion for corporate purposes. Crestview is focused on its portfolio of gold and silver properties in prolific mining districts of Nevada. The Rock Creek gold project is Crestview's flagship asset, with 74 unpatented lode mining claims. The firm said each warrant is exercisable into one common share at a price of $0.20 for a term of two-years from the date of issuance. Crestview will pay $10,920 in cash and issue 104,000 warrants as compensation to qualified finders. Each warrant is exercisable at a price of $0.20 for a term of two-years from the date of issuance. The securities will have a hold period expiring four months and one day from the date of issuance.

G2 Energy Corp has provided a further update on a notice of foreclosure it and its G2 Energy TX1 subsidiary received regarding an alleged default on Cloudbreak's US$2 million secured debenture, saying G2 currently has the monies in trust to pay the Fourth Quarter End Installment payment such that it can cure this default but Cloudbreak refuses to accept payment and maintains the position that the company is in default. G2 noted that it continues to raise capital in addition to capital recently secured by the company, conducting an ongoing non-brokered private placement for gross proceeds of up to C$1.5 million. G2 Energy added that it is actively taking steps to address its creditors' concerns and has engaged Canadian and Texas legal counsel to assist with these matters, and continues to seek to engage in discussions with Cloudbreak.

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