Cardiol Therapeutics (TSX:CRDL, NASDAQ:CRDL) Inc CEO David Elsley told investors in a year-end 2022 update on operations that the life sciences company has made “important progress” with the development of CardiolRx, its lead drug candidate for the treatment of inflammation and fibrosis in heart disease.
The Oakville, Ontario-based company issued the update following the filing of its audited financial statements for the year ended December 31, 2022.
Bioxytran said positive top-line safety and efficacy results from the company’s randomized, placebo-controlled Phase 2 clinical trial of its drug candidate Prolectin-M in 34 patients with mild-to-moderate COVID-19 have been featured in the peer-reviewed journal “Vaccines.”
The company said in a statement that during the trial, an orally administered Galectin Antagonist in the form of a chewable tablet was administered for seven days.
Globex Mining Enterprises Inc said its partner Emperor Metals has received the necessary permit from provincial authorities for 12 initial drill pads at the Duquesne West high-grade gold project in Quebec.
The drill pads are an early step for a fully funded 8,000-10,000 meter drilling program at the project, which is located in the Duparquet Mining District.
Canadian actor Ryan Reynolds is investing big in his home country’s production sector by building a 1.2 million square foot production hub in the city of Markham, located in the Greater Toronto Area.
Maximum Effort, a production and advertising company co-founded by the Deadpool star, is part of an ownership group building the studio.
Paramount Global stock offers plenty of upside if the media company were to sell some or all of its business, according to analysts at Bank of America.
The firm upgraded its rating for the stock to ‘Buy’ from ‘Neutral’ and raised its price target to $32 from $24.
Movie tickets aren’t the only thing that Gwyneth Paltrow can sell.
The actress isn’t just entertaining Americans with her real-life courtroom drama, she is inspiring them to buy Caddis Hooper style glasses as well. The gold, wire-framed aviator-style glasses of the famous defendant have sparked as much tittle-tattle as the court proceedings themselves.
Apple’s newly announced Apple Pay Later “buy now, pay later” service is a positive development for partner Mastercard, according to broker Bernstein.
As reported by CNBC, Bernstein analysts wrote in a note on Tuesday “our thesis [is] that for tech giants (and most fintechs), the networks are essential partners for growth (and scale) versus profit pools to take share from.”
Liontown Resources (ASX:LTR) Ltd played hard to get with the world’s largest lithium producer, and investors have rewarded the company for it.
The Australian developer turned down a A$5.5 billion ($3.7 billion) cash offer from Albemarle, according to reports, and its shares shot up nearly 70% to A$2.57 (a record high) in Sydney and 63% to US$1.67 in New York.
Lithium-Iron-Phosphate Batteries
LFP Batteries, or lithium-iron-phosphate batteries, offer a lower-cost and environmentally friendly alternative to conventional lithium-ion batteries. At present, LFP batteries account for just 20% of planned battery production in the US but this expected to accelerate to 30% by 2025-2026. In comparison, it accounts for over 50% in other parts of the world, such as China.
One World Lithium Inc. (CSE:OWLI, OTCQB:OWRDF) named industry veteran Jack Lifton as the chairman of its newly formed Technology Advisor Committee, which will assist the company with the development of its lithium carbonization, a lithium extraction technology which channels an advanced carbon dioxide injection process.
The Vancouver-based company said that Lifton will assist One World Lithium in marketing its Direct Lithium Carbonization Extraction Technology (DLE).
Tesla Inc (NASDAQ:TSLA) first-quarter delivery numbers are expected to have increased to 420,000 when the company publishes this weekend, despite losing out in China to rival BYD.
Following the 439,701 electric vehicles produced and 405,278 delivered in the fourth quarter of 2022, the Elon Musk-run manufacturer has slashed prices in many markets, with cuts of as much as 20% to various models in the US, Europe and Asia.
Investor confidence rose slightly in March, according to the State Street Investor Confidence Index (ICI) which measures investor confidence and risk appetite by analyzing actual buying and selling patterns of institutional investors.
The index increased by 3.8 points to 81.4 from February’s revised reading of 77.6.
Premium yoga pants are still in high demand if Lululemon’s holiday quarter earnings are any indication.
For the period ended January 28, the Vancouver-based company posted revenue of $2.77 billion, up from $2.13 billion a year earlier and ahead of Street expectations of $2.7 billion. Earnings were $4.40 per share, compared to $3.37 a year earlier and analyst projections of $4.26. Total comparable sales for the fourth quarter increased by 27%.
AMPD Ventures Inc (CSE:AMPD, OTCQB:AMPDF) told investors it intends to conduct a non-brokered private placement through the sale of up to 70 units at C$11,000 each for aggregate gross proceeds of up to C$770,000, which it intends to use the net proceeds from the placement for general working capital purposes.
Referring to a March 24, 2023, announcement, AMPD repeated its commitment to reducing monthly expenses, focusing on potentially high-growth areas such as its Departure Lounge subsidiary, and evaluating less capital-intensive mechanisms to realize the investment made to date in the high-performance cloud and compute platform developed at its AMPD Technologies subsidiary.
Dollarama said it is raising its dividend by 28% as the Canadian dollar store chain reported higher-than-expected revenue and profit for the fourth quarter of fiscal 2023.
For the quarter ended January 29, 2023, the company posted a 20.3% increase in revenue to $1.47 billion from $1.23 billion in the year-ago quarter, ahead of the consensus analyst expectation per FactSet of $1.4 billion.
Perimeter Medical Imaging AI (TSX-V:PINK, OTC:PYNKF) announced the publication of a new white paper featuring three case studies involving the commercial use of its Perimeter S-Series Optical Coherence Tomography (OCT) technology.
The Perimeter S-Series OCT is an ultra-high-resolution medical imaging tool with FDA 510(k) clearance that uses OCT to provide clinicians with cross-sectional, real-time margin visualization 1 to 2 mm below the surface of an excised tissue specimen, the company noted in a statement.
Southern Energy Corp (TSX-V:SOU, AIM:SOUC, OTC:MAXMD) has issued a year-end corporate update highlighting its improving oil and gas reserves.
The company reported an increase in proved, developed producing reserves of 25% to 6.2 million barrels of oil equivalent (boe), an increase in total proved reserves of 44% to 14.1 million boe and an increase in total proved plus probable reserves by 31% to 25.5 million boe all in 2022.
BetterLife Pharma Inc (CSE:BETR, OTCQB:BETRF) has announced that an article titled “Non-hallucinogenic LSD derivative reduces depression symptoms in preclinical studies,” based on BetterLife’s lead candidate BETR-001 (2-bromo-LSD) was published by Drug Discovery & Development on March 22, 2023.
The emerging biotech company said the Drug Discovery & Development article describes and adds further comments to the positive data and extensive pharmacological characterization of BETR-001 which were published recently in the peer-reviewed journal Cell Reports.
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) said it is expanding its technology solutions to the Asia-Pacific (APAC) region starting with its technology officially launching in Japan where the company sees opportunities within the tech, hospitality and sports markets.
The company’s expansion strategy into APAC will be spearheaded by Fobi VP of marketing Ian Cameron, along with CEO Rob Anson and CRO Colby McKenzie, the company said in a statement.
VanadiumCorp Resource Inc (TSX-V:VRB) told investors it has met significant milestones in the establishment of a test facility for manufacturing vanadium electrolytes.
Site selection is complete and equipment procurement has begun, with the company securing the primary electrolyte manufacturing equipment from leading international process equipment suppliers, it added.
Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF) said flow testing of the Guluc-2 natural gas well at the SASB gas field, offshore Türkiye, demonstrated flow rates peaking at a rate of 16.35 million cubic feet (MMcf) of natural gas per day and shut-in pressure of 2,000 pounds per square inch (PSI).
The company said in a statement that 5.5 metres of the lower natural gas sands in the Guluc-2 well were perforated and tested on March 28.
Hillcrest Energy Technologies Ltd (CSE:HEAT, OTCQB:HLRTF) told investors it is preparing for dynamic load bench demonstrations of the Hillcrest SiC traction inverter at Systematec GmbH's facility in Germany.
The company said it is currently completing the necessary preparations to test its 250-kilowatt, 800-volt SiC (silicon carbide) inverter with a motor of a European automotive original equipment manufacturer (OEM). The high-power bench testing will commence in April and is expected to be completed by the end of the second quarter, it added.
MAS Gold Corp (TSX-V:MAS, OTCQB:MSGCF) has announced a Mineral Resource Estimate (MRE) for its Preview Adit gold deposit which it says has added a further 29,000 ounces of gold to its inventory.
At a marginal grade cut-off of 0.40 grams per tonne (g/t) gold (Au), the company said the Preview SW Adit gold deposit is appraised to contain an Inferred Mineral Resource of 339,000 t grading 2.66 g/t Au for a contained 29,000 oz of gold.
A group of over 1,100 tech executives and researchers, including Elon Musk, have warned of the dangers of artificial intelligence (AI) and called for a six-month pause on the developments of the likes of ChatGPT and Google's Bard.
Citing concerns over a “dangerous” arms race, a letter was published by the non-profit campaign group Future of Life Institute, with other signatories including Apple co-founder Steve Wozniak, top AI professors Stuart Russell, Yoshua Bengio and Gary Marcus, and founders of AI startups Stability AI, Character.ai, Unanimous AI and Attain.ai.
Renforth Resources Inc (CSE:RFR, OTCQB:RFHRF) has highlighted the success of its ongoing drill program at the western end of the company’s wholly-owned Surimeau District Property, with three holes intersecting visual mineralization.
The mineralization includes zinc, copper, and nickel within the ultramafics and graphitic mudstones, visually similar to the mineralization intersected by drilling approximately 4 kilometres (km) to the east, within the around 20-km Victoria structure which crosses the centre of Surimeau, the company said.
Infinity Stone Ventures Corp (CSE:GEMS, OTC:GEMSF) has announced the formation of a new wholly-owned subsidiary, AirCarbon Technology Corp, to develop its Rockstone Graphite project near Thunder Bay in Ontario.
The company also told investors it has entered into a partnership with R&D Innovation Inc to use its patent-pending and proprietary air classification separation technology to process samples from the Rockstone Graphite project.
Golden Shield Resources Inc (CSE:GSRI, OTCQB:GSRFF) said it has amended its agreement with Canaccord Genuity to increase the size of its private placement offering from up to C$3.5 million to up to C$4.0 million and amend the price of the units from C$0.175 to C$0.20 each.
Each unit will continue to consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the company for a period of 24 months following the closing date of the offering. The exercise price of the warrants has been amended to C$0.30 for the 12-month period following the closing date and to C$0.40 for the remaining term of the warrants.
With up to $20 million in financing secured, 1606 Corp is staking out its footprint in the booming cannabidiol (CBD) market through its acquisition-led strategy.
A spin-off from SinglePoint Inc (OTCQB:SING), 1606 has positioned itself to benefit from the growing demand for CBD commodities in the United States with its diverse portfolio of CBD products.
Manganese X Energy Corp (TSX-V:MN, OTCQB:MNXXF) has announced strong initial results from the recently completed pre-feasibility diamond drilling program at its 100%-owned Battery Hill project near Woodstock in New Brunswick, Canada.
"We are very pleased with the progress made on our Battery Hill prefeasibility drilling program, having just completed 35 infill drill holes measuring 4,690 meters, especially given the harsh winter conditions. Today we are reporting on our first 10 drill holes and are very satisfied with the strong results. The remainder of the infill drill holes are currently at the laboratory for analysis,” Manganese X CEO Martin Kepman said in a statement.
NorthWest Copper Corp (TSX-V:NWST) has announced the eighth and final set of results from the 2022 Kwanika drilling program which demonstrate potential to both upgrade and expand the South Zone resource.
The results from the Kwanika South Zone, which is located one kilometre south of the Central Zone and makes up part of the company’s flagship Kwanika-Stardust project, show six holes encountered several long intervals of copper and gold mineralization that have higher grades than the average of the current South Zone mineral resource estimate.
Hawkmoon Resources Corp (CSE:HM, OTCQB:HWKRF) said it has appointed Patrick Morris as a director and chief executive officer (CEO) and corporate secretary of the company, with Jasmine Cherian named as its new chief financial officer (CFO).
The company also announced the resignations of Branden Haynes as director, CEO and CFO with effect from March 27, 2023, and Hugh Oswald as a director, effective March 22, 2023.
Tocvan Ventures Corp (CSE:TOC) has told investors that over 1,200 tonnes of material from its first bulk sample at the Pilar Gold-Silver Project in Sonora, Mexico, have now been stockpiled, with the first shipments of material completed.
In a progress update, the company said its crushing, screening circuit and laboratory setup are completed and material crushing and screening have started. Foundation and drainage system for leach pad installation is ongoing, the company added.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has announced the results of its 2022 year-end reserves evaluation by Boury Global Energy Consultants Ltd which saw proved (1P) reserves increase by 11% to 3.37 million barrels of oil equivalent (boe), driven principally through uplift at Tapir (Rio Cravo), Colombia.
In a statement, Marshall Abbott, CEO of Arrow, commented: "Arrow delivered an increase in volumes and pre-tax values across 1P, 2P and 3P reserves in 2022. We are pleased with the results of the BouryGEC reserves evaluation, which reinforces the significant value of our Colombian and Canadian assets.”
Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) reported record results from its portfolio as it benefited from stronger commodity prices for the majority of the year, with the new year also starting strongly.
There was a portfolio contribution of US$143.2mln in 2022, up 67% on the year before, while royalty and metal stream-related revenue rose 66% to US$141.9mln.
Sunstone Metals Ltd (ASX:STM) believes a 177-metre drill hit grading 1.1 g/t gold equivalent could flip the Bramaderos Project in Ecuador on its head.
The explorer has uncovered a high-grade gold and silver zone during drilling outside the resource at the asset in the country's south, underpinning a material precious metal discovery.
Western Magnesium Corporation said it has corrected the term of its convertible note, as described in its prior press release of November 16, 2022. The offering consisted of a US$3,748,561 convertible note which will bear interest at 15% and have a maturity date of 18 months from the closing of the offering. For every conversion share issued, the company will also issue one full warrant exercisable at US$0.17 for a period of 18 months from the closing date. The convertible note remains subject to the final approval of the TSX Venture Exchange.
Gold Resource Corporation said it will host its annual meeting of shareholders at 10.00am Mountain Time on Thursday June 15, 2023 at 7800 East Union Avenue, Denver, Colorado 80237. The company has fixed the close of business on April 17, 2023 as the record date for determining shareholders entitled to notice of, and to vote at, the annual meeting and any adjournments of postponements thereof. Additional information, including details of the business to be conducted at the meeting, will be included in the company’s Notice of Annual Meeting and Proxy Statement, to be sent to shareholders and filed with the Securities and Exchange Commission.
PyroGenesis Canada Inc said it plans to host a conference call at 11.00am Eastern Time on Friday, March 31, 2023, to discuss the company’s financial results for the 2022 fiscal year ended December 31, 2022, as well as the company’s corporate progress and other developments. To access the conference call, interested parties can pre-register via the following link: Conference Registration. A live webcast of the conference call can be accessed at https://edge.media-server.com/mmc/p/rxcgk48w/ or on the Investor Relations section of the company's website at Events | PyroGenesis Canada Inc
Mountain Boy Minerals Ltd said that under a directors resolution passed on March 1, 2023, the company has changed its name to MTB Metals Corp. There is no consolidation of capital. Effective at the opening on March 30, 2023, the common shares of MTB Metals will commence trading on the TSX Venture Exchange and the common shares of Mountain Boy Minerals will be delisted.
Copper Fox Metals Inc has announced that the company's controlling shareholder, Ernesto Echavarria, has exercised a total of 21,666,667 common share purchase warrants of the company, representing all the warrants held by Echavarria. As a result of the exercise of the warrants, together with prior acquisitions, Echavarria now holds an aggregate of 312,242,855 common shares of the company, representing approximately 56.95% of the issued and outstanding shares, an increase from approximately 55.23% prior to the exercise of the warrants. Elmer B. Stewart, president and CEO of Copper Fox commented: "Copper Fox is pleased to have the continued support of its major shareholder. The funds made available pursuant to the warrant exercise are being used to advance Copper Fox's 2023 activities on its advanced and exploration stage copper projects located in Arizona, USA and British Columbia, Canada." An aggregate of $1,950,000 was paid to exercise the 21,666,667 warrants at an exercise price of $0.09 each, and Echavarria acquired the shares for investment purposes and, may in the future acquire or dispose of securities of the company, through the market, privately or otherwise, as circumstances or market conditions warrant.
Plurilock Security Inc said it has signed a contract renewal for its flagship software platform with an overseas automotive technology and sourcing solutions provider. The customer provides various solutions within the global automotive industry such as product design and engineering, sourcing, e-commerce platforms, and more. According to the terms of the contract, the customer has renewed its subscription for the cloud security functionality of the Plurilock platform, which includes Single Sign-On Authentication, Password Policy and SelfPassword Reset. “We are pleased to renew a contract for our flagship cybersecurity solution with an overseas customer within the global automotive industry,” said Ian L. Paterson, CEO of Plurilock. “This contract renewal highlights the reliability and robustness of our zero-trust technology as well as our ongoing commitment to maintaining strong business relationships with existing customers, which led to them to continue utilizing our high-margin software.”
BioLargo Inc has announced that it will host an investor webcast and conference call on Monday, April 3, 2023, at 4:30PM Eastern. The event, which will be open to the public, will be held to review the company's financial results for fiscal year ending December 31, 2022, discuss recent milestones, and conduct a question-and-answer session. To listen to a live broadcast, go to the site linked below at least 15 minutes prior to the scheduled start time to register and download any necessary audio/video software. Webcast Link: https://www.webcaster4.com/Webcast/Page/2448/47877. Teleconference Domestic: 888-506-0062; Teleconference International: 973-528-0011; Participant Access Code: 857043. Teleconference Replay Expiration: Monday, April 17, 2023; Teleconference Replay Domestic: 877-481-4010; Teleconference Replay International: 919-882-2331; Replay Passcode: 47877; The webcast replay and accompanying presentation materials will be made available for 90 days on the Investor Relations section of BioLargo's website at www.biolargo.com/investor-relations.
Falcon Gold Corp announced the passing of R Stuart “Tookie” Angus, a significant shareholder and strategic advisor to the company since early 2019. Angus had an extensive legal and mining career that included leading Fasken's global mining group and serving as managing director of mergers and acquisitions for Endeavour Financial. "It was an honor to work with Tookie, his counsel and business acumen will be long missed,” Falcon CEO Karim Rayani said. “We mourn his loss and extend our deepest condolences and prayers to his family. The legacy he leaves behind will always be remembered.”