Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) has announced unaudited first-quarter 2023 revenue of $1.3 million, up 40% sequentially, as its 3D model revenue climbed 550% year over year.
The diversified augmented reality and artificial intelligence (AI) technology company also saw its gross profit for the quarter increase to 41% from 39% in 4Q and is projected to increase again in 2Q.
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) was today boosted as its finance facilities got a favourable nod after its syndicate of fourteen banks reviewed the North American oil and gas firm’s borrowing base.
The borrowing base was retained at US$375mln though its facility which is described as a ‘sustainability-linked loan’.
Ilika still has plenty to offer investors even though the share price is up 100% year-to-date, according to analysts at Liberum.
First deliveries of its Stereax miniature solid-state batteries to Blink Energy, CubeWorks and Lura Health suggest commercialisation of its medical SSBs is gaining momentum.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) said it has received an initial $2 million cash infusion from fintech firm Ratio Technology.
The funding represents a zero-dilutive capital source for the company as the cash was paid against future invoices for contracts that have not yet been settled.
"The worst should be behind us; onwards and upwards from here." They were the words of the mining team at Liberum, the boutique investment bank, analysing the first-quarter results of Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL).
The company's performance was marred by a less-than-auspicious start to oxide gold ore production at the Bilboes operation in Zimbabwe. Its main Blanket operation encountered operational and technical difficulties.
ImmuPharma PLC (AIM:IMM, OTC:IMMPF) shares leapt 6.5% in late morning trading following encouraging news on its experimental drug P140.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) said it has inked an ‘at the market’ (ATM) deal with Cantor Fitzgerald that could see up to US$30mln shares sold on the company’s behalf.
The shares would be sold in the United States, under the company’s NYSE America listing, and would be sold at market prices, Caledonia said in a statement.
ImmuPharma PLC (AIM:IMM, OTC:IMMPF), a specialist drug discovery and development firm, has announced significant progress with its late-stage clinical programme for treating chronic idiopathic demyelinating polyneuropathy (CIDP).
The US Food and Drug Administration (FDA) has provided positive feedback that supports the application for a phase II/III adaptive clinical trial of P140, the company's key investigative drug.
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) has completed its regularly scheduled semi-annual borrowing base redetermination for Spring 2023.
The company received 100% approval from its 14-bank lending syndicate of the facility's US$375mln (£300.8mln) borrowing base, which is structured as a sustainability-linked loan and aligned with the company's commitment to continuous ESG improvement.
Venture Minerals Limited (ASX:VMS, OTC:VTMLF) is set to begin a maiden drilling program to test the extent of high-grade, clay-hosted rare earth element (REE) mineralisation at the Iron Duke Project in Western Australia, having already contracted a drilling company for the work.
Iron Duke is a set of two granted tenements stretching some 151 square kilometres, with approvals already in place for a maiden drill program due to historical work on the tenure.
Australian Strategic Materials Ltd (ASX:ASM) has received A$6.5 million in funding for its rare earths and critical minerals Dubbo Project, under Tranche 2 of the Australian Government’s Critical Minerals Development Program (CMDP).
ASM will receive the funding, subject to the execution of binding documentation, to progress the Dubbo Project’s EPC Definition activities with respect to non-process infrastructure.
In an important step toward commercialisation, Imugene Ltd (ASX:IMU, OTC:IUGNF) has presented pre-clinical data to the American Society of Gene and Cell Therapy’s Annual Meeting demonstrating anti-tumour activity in vivo (in a live model) of its onCARlytics technology in combination with Eureka Therapeutics, Inc.’s ARTEMIS® cell receptor platform.
The data – which was revealed as a poster presentation – investigated the effect of the combination of IMU’s onCARlytic virus and Artemis CD19 T-Cells in hepatocellular carcinoma (liver cancer) tumours.
AMPD Ventures Inc said James Hursthouse has resigned as the company’s chief executive officer and has also stepped down as a director of AMPD Ventures, both effective immediately. Hursthouse remains a director and CEO of Departure Lounge Inc., a majority-owned subsidiary of AMPD Ventures. The company also announced that Howard Donaldson has resigned from the board of directors of the company, effective immediately. AMPD Ventures thanked Hursthouse and Donaldson for their dedication and service.
Perk Labs Inc announced that it has appointed Welch LLP as independent auditor of the company, effective as of May 3, 2023. The new auditor is being appointed following the formal resignation of Saturna Group Chartered Professional Accountants LLP, effective as of May 3, 2023. There are no reportable events between the company and the former auditor.
Candelaria Mining Corp has announced that effective May 16, 2023, Neil O’Brien has resigned as a director of the company and as chairman of its board of directors. The company thanked O’Brien for his service and wished him all the best in his future endeavors. Candelaria also announced the appointment of Manuel Gomez as the new chairman of the board, effective May 16, 2023. Gomez was appointed as a director of the company on December 15, 2022.
EverGen Infrastructure Corp said it plans to release its 2023 first quarter financial results on Wednesday, May 24, 2023 after the market close. EverGen will hold a results and corporate update conference call at 10.00am Eastern Time on Thursday, May 25, 2023, hosted by chief executive officer, Chase Edgelow via the following Zoom link: https://us02web.zoom.us/webinar/register/WN_7vkaAt4cTCCMR3GjqTRKsA
Plurilock Security Inc said it has received a sale order for its flagship software platform with an overseas utility infrastructure developer. The customer’s portfolio which includes projects that are completed and under development, covers over 10,000 kilometres of power transmission lines across two countries. Under the terms of the contract, the customer will license the cloud security functionality of the Plurilock AI platform, which includes Single Sign-On, Access Control Management, Password Policy and Self-Password Reset. “We are pleased to announce a sale order for our high-margin AI-driven software with a new customer,” said Ian L. Paterson, CEO of Plurilock. “The utilities sector is unfortunately a popular target for cybercriminals, and we see a growing demand for advanced zero-trust technology in this space. Overall, this order highlights our commitment to further expand our sales pipeline across different key industries.”
Wishpond Technologies Ltd has said it expects to release its first quarter financial statements and corresponding management's discussion and analysis for the three months ended March 31, 2023, before the market open on Thursday, May 25, 2023. The company will also host a conference call to discuss the results on the same day at 12.00pm PT (3.00pm ET) hosted by: Ali Tajskandar, its chairman and chief executive officer, and David Pais, its chief financial officer. Webinar registration: https://bit.ly/WISH_Q1_2023. Dial-in details: +1 778 907 2071 (Vancouver local); +1 647 374 4685 (Toronto local); Meeting ID #: 898 1895 0563.
Namibia Critical Metals Inc announced results of its Annual General Meeting of Shareholders held on May 18, 2023. Shareholders holding 58.84% of the shares were represented in person or by proxy at the meeting. All the matters submitted to the shareholders, as set out in the Notice of Meeting and Information Circular dated April 12, 2023, were voted in favour, including: election of directors to the company’s board; the approval of the stock options plan, pursuant to which the company may grant stock options up to 10% of its issued and outstanding common shares at the time of grant; and the appointment of PricewaterhouseCoopers LLP as the auditors of the company for the ensuing year. Adrian Hickey, Darrin Campbell and William Price were re-elected and Steve Herlihy was newly appointed to serve as directors of the company. Herlihy is the CFO of Bannerman Energy Ltd, the largest shareholder of Namibia Critical Metals.
Harbor Custom Development Inc said it has closed its previously announced public offering of 1,951,218 company shares and warrants to purchase 1,951,218 shares of common stock, at a combined public offering price of $5.125 per share and accompanying warrant, raising gross proceeds of about $10 million before deducting the placement agent’s fees and other offering expenses payable by the company. The warrants have an exercise price of $5.00 per share, are exercisable immediately upon issuance, and expire five years from the date of issuance. The company said it intends to use the net proceeds from the offering for real estate entitlements, and real estate construction and development, along with payment toward the balance of its loan with BankUnited NA, and working capital and general corporate purposes. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
Perimeter Medical Imaging AI will release its first quarter 2023 results after the close of US financial markets on Thursday, May 25, 2023. CEO Jeremy Sobotta will hold a conference call the same day at 5PM ET. Participants can join by phone a 1-877-704-4453 or +1-201-389-0920, or register for the webcast at https://viavid.webcasts.com/starthere.jsp?ei=1616593&tp_key=a45fa84715.