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News snapshot: Nouveau Monde Graphite, Power Nickel, Casa Minerals, Therma Bright, Predictmedix, CareRx UPDATE

Québec Nickel Corp (CSE:QNI, OTCQB:QNICF) has begun a scoping-level metallurgical test work program at its Ducros project in Québec, the company announced.

The program is intended to perform a preliminary evaluation of the amenability of the Fortin Sill Zone to produce saleable critical metals-bearing (nickel-copper-cobalt-platinum group element and gold concentrate).

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Predictmedix Inc. (CSE:PMED, OTCQB:PMEDF) has announced the launch of its artificial intelligence (AI)-driven complete triage solution for healthcare assessments, a technology the company said has the potential to revolutionize the way hospitals manage patients care.

The company said that its technology uses AI and advanced computer vision to analyse a patient’s vital signs and provides real-time data to medical staff to help them make informed treatment decisions.

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Power Nickel Inc (TSX-V:PNPN) said it has discovered a “very significant” new mineralized zone with high-grade platinum and palladium associated with copper (CU-PGE) in a previously undrilled target area some five kilometres northeast of its main Nisk deposit located in the Eeyo Istchee James Bay territory, Québec.

The area, identified as ‘Wildcat’, represents a completely new target to explore and is wide open laterally along strike and at depth, Power Nickel said.

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Direct Lithium Extraction (DLE), a technology that could potentially double lithium yields from brine projects, is set to revolutionise the mining industry much like the shale oil boom did for the energy sector, according to research from Goldman Sachs (NYSE:GS).

DLE technologies are currently being tested at scale, with a selection of projects already under commercial construction.

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OTC Markets Group Inc. said Canadian North Resources Inc, a Canadian mining company, will start trading on the OTCQX Market today under the symbol ‘CNRSF’, following an upgrade from the Pink market.

GGX Gold Corp has announced a shares-for-debt agreement to pay outstanding loans to an arm's length party. The gold miner said it will issue 340,649 shares in the company to pay debts of around US$25.5 million. The shares-for-debt agreement is subject to TSX Venture Exchange acceptance and, if issued, will be subject to the customary four-month hold period.

VR Resources Ltd has closed its non-brokered private placement for gross proceeds of $1.88M. The company issued an additional 1,270,743 units, as part of the final trance, for gross proceeds of $177,904. Plans are now underway to start drilling next month at the REE critical metals project at Hecla-Kilmer and the kimberlite discovery nearby at Northway, located in northern Ontario, VR said.

PyroGenesis Canada Inc will host a conference call at 10:00 AM Eastern Time on Tuesday, May 16, to discuss its 1Q financial results, as well as its corporate progress and other developments. A live webcast of the conference call can be accessed by visiting the following link: https://edge.media-server.com/mmc/p/bo4ywr2m.

Electra Battery Materials Corporation will release its first quarter 2023 financial results after market close on May 10, 2023. Senior management will host a conference call and webcast on May 11, 2023 at 8 AM EDT to review Electra’s first quarter performance and discuss near-term outlook. North American dial-in number: 1-800-319-4610; International dial-in number: 1-416-915-3239; Webcast and slide presentation: https://ElectraBMC.com/category/events/.

Casa Minerals Inc announced an update for an aggregate of over 21 million common share purchase warrants issued as part of its its May 20, 2021 private placement. The plan is to extend the expiry date, reprice the warrants and issue incentive warrants for exercised warrants. The warrants have an exercise price of $0.30 and expiry dates of May 20, June 24 and July 8, 2023. That will become a price of $0.10 that expires on August 18, September 20 and October 06, 2023. respectively. Also, an inducement program will make available an additional share at a price of $0.15 for each exercise warrant.

Guardforce AI Co Limited has commenced an underwritten public offering, the company announced. Ordinary shares and pre-funded warrants are being offered by the company pursuant to a "shelf" registration statement declared effective by the US Securities and Exchange Commission in January 2022. The offering is being made through a prospectus supplement and an accompanying prospectus, the company said.

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