G2 Energy Corp (CSE:GTOO, OTC:GTGEF) and its G2 Energy TX1, Inc subsidiary have announced that it has resolved its differences with Cloudbreak Discover PLC, holder of a debenture in the principal amount of $2 million, regarding an alleged default of the debenture and has entered into a reinstatement, renewal and release agreement dated March 29, 2023.
The junior oil and gas producer said Cloudbreak has agreed to, among other things:
Excellon Resources Inc shares climbed 22% to $0.45 on Monday after the gold, silver and base metals projects developer announced that it is considering various alternatives to complement the company's go-forward strategy, which could include acquisitions, divestitures, mergers or spin-offs of Excellon's or third parties' assets.
The company also said it will be reversing a US$22 million liability from its March 31, 2023, consolidated balance sheet as a result of the Mexican Bankruptcy Court declaring one of its care-and-maintenance subsidiaries bankrupt effective March 28, 2023, which Excellon noted is an “overhang that has been with the company since 2019.”
The union representing more than 300 Starbucks locations is turning up the heat on the corporation’s board to accept the union — with billboards, a brass band and even a butter sculpture.
Starbucks hasn’t agreed to a contract with any stores that have voted to unionize under Starbucks Workers United, and workers have said the coffee chain is acting in bad faith.
McDonald’s is temporarily closing its US offices this week as the fast-food giant prepares to lay off an undisclosed number of corporate employees as part of a broader restricting effort announced earlier this year.
Per a report by the Wall Street Journal citing an internal email sent last week, staff were told to work from home from Monday through Wednesday to allow the company to deliver its layoff announcements virtually.
The Federal Trade Commission (FTC) has issued an Opinion and Order requiring DNA sequencing provider, Illumina Inc (NASDAQ:ILMN), to divest Gral Inc, which makes a multi-cancer early detection (MCED) test.
In a statement on its website, the FTC said the deal would stifle competition and innovation in the US market for life-saving cancer tests. The Opinion reverses an Administrative Law Judge’s initial decision that dismissed the antitrust charges in a complaint brought by FTC staff, it added.
Tesla Inc (NASDAQ:TSLA) scored record sales in the first three months of the year, the company said on Monday, as price cuts helped to boost demand for its electric vehicles (EVs).
Sales were up 5% from the previous quarter to 422,875, it said in a statement, with the figure sitting 36% higher than between January and March last year. Despite the record figure, that missed a mean estimate of 432,000, compiled by FactSet as of Friday.
Gamelancer Media Corp. (CSE:GMNG, OTCQB:GAMGF) told investors it expects to turn ‘EBITDA positive’ in its 2023 financial year as its posts triple-digit revenue growth.
Announcing management reviewed financial results for the quarter ended December 31, 2022, and 2023 guidance, the company said booked revenue for the current year amounts to $8.6 million, a 238% year-over-year (YoY) increase, while its gross profit margin is expected to reach 68%, from 60%, as it reduces total expenses by 36%.
Saputo (TSX:SAP) Inc revealed that it has inked a definitive agreement to sell two fresh milk processing facilities to Coles Group Limited, an Australia-based supermarket chain, in a transaction valued at C$95 million.
The Canadian dairy giant says the fresh milk processing facilities are in the Australian states of Victoria and New South Wales.
Extra Space Storage will acquire Life Storage in an all-stock transaction valued at about $12.7 billion creating a storage operator with a total enterprise value of $46 billion and a market capitalization of $36 billion.
The companies said in a joint statement that Life Storage shareholders will receive 0.8950 of an Extra Space share for each Life Storage share they own, representing a total consideration of approximately $145.82 per share based on Extra Space's share price close on March 31, 2023.
WWE and the UFC are linking arms, as the companies have announced plans to combine under a new company known as TKO.
The merger between WWE and UFC-owner Endeavor values the companies at a combined total of more than $21 billion. Notably, it values WWE at $9.3 billion, a more than 33% premium over the company’s market cap on Friday.
Rivian Automotive’s first quarter deliveries topped expectations as the electric vehicle (EV) maker said it is on track to meet its annual production guidance.
For the quarter ended March 31, 2023, Rivian delivered 7,946 vehicles, above the Street’s forecast per Bloomberg of 7,752.
WonderFi Technologies Inc, Coinsquare and CoinSmart Financial Inc announced that they have entered into a business combination agreement to merge their businesses.
The companies said the combined company will offer one of the largest regulated crypto asset trading platforms in the world and will provide Canadians with a wide range of diversified products and services, including both retail and institutional crypto trading, staking products, B2B crypto payment processing and will also soon include sports betting and gaming.
Ovintiv announced Monday it is acquiring oil exploration and production assets in the Permian Basin, in the United Stataes from Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources, companies controlled by private equity firm EnCap Investments, for about $4.275 billion in cash and stock.
The acquisition supports the company’s efforts to expand its operations in the Permian Basin, where it has already committed to undertaking additional drilling work.
Southern Silver Exploration Corp (TSX-V:SSV, OTCQX:SSVFF) has received assay results from the final two core holes of its 4,050-meter, 2022 drilling program at its Oro property in New Mexico, the company announced.
Specifically, hole OR22-012 tested a geophysical anomaly in an area believed to be relatively high in the metal system and where Cretaceous-age carbonate host rocks were expected to lie at relatively shallow depths beneath Laramide-age andesite volcanic rocks, the company said.
First Phosphate, together with Développement économique 02 and the Regional Conference of the Prefects of Saguenay-Lac-Saint-Jean, announced it has signed a collaboration agreement with the Regional Economic Benefits Maximization Committee (CMAX) to benefit the region where the company's phosphate mine project is located.
"This collaboration agreement will generate mutual benefits for First Phosphate and for the economic community of the Saguenay-Lac-Saint-Jean Region of Quebec," said First Phosphate CEO John Passalacqua.
Playgon Games Inc (TSX-V:DEAL, OTCQB:PLGNF) has announced that March 2023, was a record breaking month in terms of wagering at $145 million, which was 30% better than its previous best month.
The software-as-a-service (SaaS) technology company focused on licensing digital content for the growing iGaming market also said its daily wagering average for the month of $4.6 million was another new record, increasing 31% from its previous best daily wagering average for a month.
BioLargo Inc (OTCQB:BLGO) told investors that its 2022 annual report, filed March 31, 2023, revealed a 132% increase in revenues over 2021, and a 26% decrease in its net loss.
Dennis Calvert, the company's president and CEO, commented: "2022 was our strongest year yet in terms of financial performance, and we are eager for the day when our valuation reflects the significance of our ongoing success. With Pooph revenues leading the way and other key catalysts like our PFAS treatment business just now coming online, we're confident that this year will herald even more significant growth at the company.”
Bridgeline Digital signed $1.4 million in new sales, including $600,000 in licenses representing more than $300,000 in annual recurring revenue, plus $800,000 in services during the second quarter of fiscal 2023.
Most new sales were for a three year-term with the bulk of the new bookings for Hawksearch, its AI-powered search engine, Bridgeline said in a statement.
Recruiter.com Group Inc has announced the launch of Recruiter Marketplace, a pioneering platform designed to transform the talent acquisition landscape.
It works by connecting employers with vetted freelance talent acquisition professionals by leveraging automation, unmatched flexibility, cost savings and access to a global talent network, the company said.
RespireRx Pharmaceuticals (OTC:RSPI) Inc has announced the publication of four articles describing the pharmacological activity of novel structural analogs of KRM-II-81, the company’s lead anti-GABAkine.
Like RespireRx’s KRM-II-81, the analogs enhance GABAergic neurotransmission and function as orally bioavailable anti-seizure agents in the absence of the sedation typically associated with GABA augmentation.
HealthLynked (OTCQB:HLYK) Corp reported results for the full year 2022 that showed the company decreased net losses by 15% and had ended a challenging financial year with optimistic prospects for 2023.
For the full year ended December 31, 2022, the Naples, Florida-based healthcare network company decreased its net losses to $8.82 million in 2022, from $10.41 million in 2021.
SinglePoint Inc (OTCQB:SING) has announced a surge in fourth-quarter and full-year 2022 revenue, boosted by last year’s acquisition of Boston Solar.
The company reported revenue of approximately $9.1 million for the three months to December 31, 2022, taking full-year revenue to $21.8 million, an increase of about $20.9 million from the $808,000 generated in 2021.
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) CEO Brendan Yurik has updated investors on its current royalty portfolio, noting that the Authier lithium project is nearing production as part of the largest lithium mining operation in Canada.
He noted that production has already commenced at the nearby North America Lithium.
Avicanna has posted revenue growth of 24% year-over-year, driven by increased product sales during 2022.
For the full year 2022, the company achieved revenue of $4 million, up from $3.3 million in the previous financial year.
Iris Energy Limited (NASDAQ:IREN) has issued an update on the installation of its 5.5 EH/s of bitcoin mining capacity.
The company has increased its operating hashrate, essentially the speed at which bitcoin is mined, from 2.0 EH/s to a current level of 2.8 EH/s.
BlueRush Inc. (TSX-V:BTV) has reported a strong rise in second-quarter Software-as-a-Service (Saas) sales as demand for its IndiVideo platform continues to grow.
The Toronto-based company said SaaS revenues increased by 26% to $734,051 in the three months to January 31, 2022, taking six-month sales 34% higher to $1,499,075 compared to $1,121,962 in 1H 2022. SaaS gross margins were 94%.
Revive Therapeutics Ltd (CSE:RVV, OTCQB:RVVTF) said it has initiated research and development of its novel transdermal microneedle patch to deliver 3,4-Methylenedioxy methamphetamine (MDMA).
Following the exclusive supply agreement with PharmaAla Biotech Holdings Inc to obtain PharmAla’s LaNeo, GMP source of MDMA, the company has purchased MDMA supply to support upcoming Investigational New Drug Application (IND)-enabling studies with the MDMA patch.
Prospector Metals Corp. (TSX-V:PPP, OTCQX:ETHOF) told investors that its maiden diamond drilling program has commenced at its 100%-owned district-scale Whitton nickel-copper-platinum group elements (Ni-Cu-PGE) project.
The company said the Whitton project, formerly known as the Heaven Lake project, is a 100%-owned district-scale project covering 4,400 hectares (44 square kilometres) located 20 kilometres (km) north of Impala Canada's Lac des Iles PGE-nickel-copper mine in Ontario.
Reunion Gold Corporation (TSX-V:RGD, OTCQB:RGDFF) announced that it has qualified to upgrade from the OTCQB to the OTCQX Best Market, the highest market tier operated by OTC Markets Inc on which 12,000 US and international securities trade.
Reunion Gold will begin trading today on OTCQX under the symbol RGDFF. The common shares will continue to trade on the TSX Venture Exchange under the symbol RGD.
Algernon Pharmaceuticals Inc. (CSE:AGN, OTCQB:AGNPF) said its wholly-owned subsidiary, Algernon NeuroScience (AGN Neuro), has qualified its Form 1-A offering statement filed with the US Securities and Exchange Commission (SEC) under a Tier II Regulation A+ offering (Reg A+).
Under the Reg A+, AGN Neuro will be offering up to 37.5% of its common shares, with majority ownership residing with Algernon Pharma. The capital raised will be used for research, development, and program management costs related to the completion of the Phase 1 DMT study currently underway as well as Phase 2a stroke and traumatic brain injury (TBI) studies.
PowerTap Hydrogen Capital Corp. (NEO:MOVE.AQN, OTC:MOTNF) said it has entered into a letter of intent with Newport Realty Group (NRG) to enter into a lease in Yermo, California, to operate a future PowerTap Hydrogen Fueling Station.
The company said the lease with the Newport Beach, California-based real estate development firm remains subject to a definitive agreement and, subject to finalizing the terms of the lease, the future location for PowerTap hydrogen fueling stations will help to provide clean and reliable energy solutions for light-duty fuel cell electric vehicles (FCEVs), as well as battery electric vehicles (BEVs) and traditional gasoline-powered vehicles.
G Mining Ventures Corp (TSX-V:GMIN, OTCQX:GMINF) said it has drawn approximately $91 million on its $250 million gold stream with Franco-Nevada (Barbados) Corporation, as previously announced in July 2022.
The proceeds will be used to continue the development and construction of its flagship, 100%-owned Tocantinzinho (TZ) Gold Project, currently under construction in the State of Pará, Brazil and which remains on track and on budget for commercial production in the second half of 2024.
Kainantu Resources Ltd (TSX-V:KRL) (KRL) said it has agreed terms for the acquisition of the remaining 90% interest in the May River Project from Hardrock Limited, a key milestone for the company in gaining full ownership and control of the highly prospective copper-gold project.
Further to its announcement of February 15, 2023, KRL said it has completed negotiations with Hardrock on terms favourable to all parties, which will see the company issue a script consideration of 18 million of its common shares to the vendors representing a value of C$1,440,000, based on the closing market price of KRL shares on March 31, 2023.
East Side Games Group (TSX:EAGR, OTCQB:EAGRF) Inc said it finished the financial year ended December 31, 2022, on a strong note with both revenue and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) in the final quarter rebounding from the previous three-month period.
In the final quarter of 2022, revenue was $25.9 million, taking full-year revenue to $116.4 million, a 25% increase from the year ended December 31, 2021. Fourth-quarter 2022 adjusted EBITDA was $2.5 million, taking the full-year adjusted EBITDA to $7.5 million.
Talon Metals Corp. (TSX:TLO, OTC:TLOFF) has told investors it spent over $50 million on the exploration and development of its Tamarack nickel-copper-cobalt project in Minnesota last year.
Reporting its financial results for the year to December 31, 2022, the mineral exploration company also said it reduced its net loss to $1.5 million, or nil per share, compared to a net loss of $5.5 million, or $0.01 per share, in 2021. The loss was primarily the result of administration expenses and stock option compensation offset by foreign currency gains, it said.
Delta 9 Cannabis Inc (TSX:DN) has reported record revenue in financial and operating results for the three-month and full year ending December 31, 2022.
“We are pleased to report record fourth-quarter and year-end revenues for 2022 demonstrating the versatility of our business model with measurable improvements versus the third quarter of 2022,” said John Arbuthnot, CEO of Delta 9 Cannabis in the results statement.
District Metals Corp (TSX-V:DMX) CEO Garrett Ainsworth has said it is "unexpected and disappointing" that the Swedish Parliament voted on March 30, 2023, to maintain the moratorium on exploration and mining of uranium in the country.
The company had previously noted on January 25, 2023, that Swedish media had reported that a majority of the Swedish Parliament had resolved to allow for exploration and mining of uranium in Sweden.
World Copper Ltd (TSX-V:WCU, OTCQX:WCUFF) said it has closed the first tranche of its previously announced private placement with the issue of 7,974,344 units for gross proceeds of $1,435,381.90.
The net proceeds from the offering are intended for general working capital and development costs.
i3 Energy PLC (AIM:I3E, TSX:ITE, OTC:ITEEF) has announced the appointment of Jason Dranchuk as its chief financial officer, a non-board role, effective from today, 3 April 2023.
The independent oil and gas company, with assets and operations in the UK and Canada, noted that Dranchuk has over 25 years of experience working in various senior finance roles in the energy sector with considerable focus on the Western Canadian Sedimentary Basin, a core area for the company.
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) chief executive Arthur Millholland described “significant progress” as the company continues work to resolve its recent challenges.
Today, in the company’s quarterly results statement, COPL showed working interest average crude oil sales of 1,177 barrels per day.
i3 Energy PLC (AIM:I3E, TSX:ITE, OTC:ITEEF) has announced the results of the 2022 year-end reserve report for its subsidiary i3 Energy Canada, confirming a 9% increase in proved plus probable developed producing (2PDP) reserves to total 65.7mln barrels oil equivalent.
Total proved (1P) reserves meanwhile increased by 10% to 93.5mln barrels and total proved plus probable (2P) reserves increased by 18% to 181.5mln barrels.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors that its Rio Cravo Esta-5 well, in Colombia, has reached target depth and has encountered six hydrocarbon bearing intervals which together total around 90 net feet of oil pay.
The company, in a statement, said some 36 feet of net oil pay was recorded in the Carbonera C7 interval, whilst 54 feet of oil pay was measured in the Lower Gacheta interval.
Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) has received a strong endorsement of its multi-mine, multi-jurisdictional gold strategy in Africa by signing a US$300 million syndicated revolving corporate facility, which replaces the company’s existing US$150 million facility.
The increased facility from the refinancing from an upsized banking consortium is available for general corporate purposes, subject to the satisfaction of certain customary conditions.
Corazon Mining Ltd (ASX:CZN) is maintaining a dual focus at the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada - exploring for new nickel sulphide deposits whilst conducting studies for the re-establishment of mining at the historical Lynn Lake Mining Centre.
The company has completed a high-powered, ground-based 3D induced polarization (IP) geophysical at the Fraser Lake Complex (FLC).
Regency Silver Corp has announced that, due to demand from investors, the non-brokered private placement announced on March 24, 2023 will now consist of up to 6,250,000 common shares at a price of $0.40 per share for gross proceeds to the company of up to $2.5 million. The proposed terms of the private placement and use of proceeds are otherwise as previously disclosed in the company's news release dated March 24, 2023. All common shares issued under the private placement will be subject to a four month hold period, in accordance with applicable Canadian securities laws.
Stuhini Exploration Ltd said it has renewed its option on the Que Project. The option agreement was first announced on February 21, 2020 and amended and restated on October 26, 2020 whereby Stuhini can acquire a 100% interest in the road accessible Que Property, located in the Yukon, Canada approximately 70 kilometres from Johnson's Crossing. The agreement as amended provides for the payment of a total of 112,500 shares of the company to optionors, as defined in the agreement, on the third anniversary date of the approval of the option by the TSX-V. These shares are the only committed payment over the next 12 months. There are no work commitments. The balance of the share issuances and the cash payments are all at the Company's election should it wish to maintain the option after April 2, 2024. Dave O'Brien, Stuhini president and CEO commented: "Given the notable molybdenum price uptick over the past 4 months, we are presently focused on the advancement of our Ruby Creek Molybdenum deposit, but we remain encouraged by the prospectivity of the Que Project and believe this is a notable asset within the Companies Project portfolio."
Toubani Resources Inc said that Kevin Hart has been appointed as its company cecretary, effective immediately. Hart is a Chartered Accountant with over 30 years’ experience in statutory reporting, business administration and corporate compliance of public listed entities in the mining and exploration industry. He is a director of the corporate advisory firm Endeavour Corporate which specialises in providing company secretarial and accounting services to ASX listed entities. The company noted that Lucy Rowe has retired from the role of company secretary and the board thanked her for her service as since the company’s listing on the ASX in November 2022 and wished her every success going forward.
GR Silver Mining Ltd has announced the departure of Brenda Dayton, the company's VP Corporate Communications, effective immediately. Over the past two years, Dayton has been instrumental in strengthening GR Silver Mining's brand in the industry, building the company's profile amongst investors and analysts, and improving internal procedures. CEO and board of directors GR Silver Mining chair Eric Zaunscherb noted that: "Brenda's experience, energy, organizational skills, and extensive contact list yielded important contributions to the Company. We wish her well in her future endeavours and are confident in her success." Zaunscherb will assume some of the company's investor relations and communications functions going forward.
Sassy Gold Corp said it has granted an aggregate of 1.75 million incentive stock options at an exercise price of 15 cents per common share for a period of five years to certain directors, officers and consultants, in accordance with the provisions of the company's option plan and an aggregate of 2.3 million restricted share units (RSUs) to certain eligible persons in accordance with the company's RSU plan.
Mindset Pharma Inc has announced that it will participate in the Sequire Cannabis & Psychedelics Conference to be held virtually on Wednesday, April 5, 2023, with James Lanthier, CEO of Mindset Pharma, will present at 1.30pm ET. To attend, interesred parties can register at: https://cannabis.sequireevents.com/. For more information about the conference, or to schedule a one-on-one meeting with Mindset’s management team, interested parties can send an email to KCSA Strategic Communications at Mindset@kcsa.com.
Electra Battery Materials Corporation said it has postponed its conference call and webcast previously scheduled for today pending the filing and release of its fourth quarter and year-end financial results for 2022. The company anticipates filing its financial results on or before Wednesday April 5, 2023 and will announce the new date and time of its conference call and webcast accordingly.
Context Therapeutics Inc has announced that its chief executive officer Martin Lehr will participate virtually in two investor conferences in April 2023. The Diamond Equity Emerging Growth Invitational Investor Conference where the company will present on Wednesday, April 5 at 9.40am ET - to register for the event, interested parties can use the following link: https://us02web.zoom.us/webinar/register/WN_O8JkKLzwTV-hXhBZfrzvAA; and the 22nd Annual Needham Virtual Healthcare Conference where the company will present on Wednesday, April 19 at 8.45am ET and will also participate in one-on-one meetings.
DGTL Holdings Inc has reported the grant of Incentive Stock Options and Deferred Share Units (DSUs) in accordance with the policies and provisions of the company's TSX Venture approved Long-Term Omnibus Equity Incentive Plan. The Omnibus Equity Incentive Plan provides performance-based incentives to operational personnel to support the company's corporate development programs and long-term growth objectives. Incentive Stock Option and DSU grants are subject to vesting schedules which initiate on the 12 month anniversary from the date of grant and have a five-year expiration term. Incentive Stock Options have an exercise price of $.05 per common share. All grants are subject to formal disinterested shareholder approval to take place at the next annual general shareholders meeting. The company noted its board has approved an aggregate grant of 4,250,000 DSUs and the equivalent in Incentive Stock Options. Participants include officers, directors, key operational employees, and contractors. Its board also reports an amendment to the company's existing stock option pool with 750,000 stock options exercised and 2,819,000 stock options forfeited, or expired, to date. Lastly, DGTL also reported on the exercise of 200 Convertible Debenture Units purchased at $1,000 per unit into common shares at the conversion price of $.30 per share by its CEO John Belfontaine.
Vicinity Motor Corp announced the granting of Deferred Share Units (DSUs). Certain eligible Directors have requested that their respective director's remuneration for the calendar year 2023 be paid in DSUs and accordingly, the company has granted 180,378 DSUs in connection with Directors Remuneration for the first quarter.