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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Small cap snapshot: Auxico Resources, HighGold Mining, G Mining Ventures, Usha Resources, Forward Water Technologies, ARway UPDATE...

Atossa Therapeutics Inc (NASDAQ:ATOS) has found its new chief financial officer in veteran life sciences executive and longtime board member Greg Weaver.

Weaver brings more than 30 years of life science, financial and operations experience to Atossa, most recently serving as CFO BioIntelliSense, a privately held medtech company.

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Trillion Energy International Inc has announced that the Bayhanli-2 natural gas well at the SASB gas field, offshore Türkiye, has successfully flow tested at a rate of 11.9 million cubic feet per day (MMcf/d).

The natural gas focused producer said the well is expected to be produced to pipeline with initial flow rates from between 8 and 9 MMcf/d.

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TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) announced its plan to conduct a normal course issuer bid following the sale of a portion of its Mariana Royalty.

The company intends to repurchase up to 9,548,639 shares, equivalent to around 5% of its outstanding shares. The bid is subject to certain restrictions, with a maximum of 2% of the outstanding shares eligible for purchase within any 30-day period.

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ARway.ai has announced the compatibility between the future of augmented reality smart headsets and ARway.

There are currently two industry leaders in this space that ARway's technology is compatible with: Magic Leap and Microsoft HoloLens.

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G Mining Ventures Corp (TSX-V:GMIN, OTCQX:GMINF) said it has secured low-cost, 100% renewable energy for its wholly owned Tocantinzinho Gold Project (TZ) in Brazil through a power purchase agreement with Companhia Energética de Minas Gerais (CEMIG) and CEMIG Geração e Transmissão S.A.

The company said the all-in cost of electricity is about 25% lower than the estimates used in the 2022 Feasibility Study, with fixed energy pricing for 2024, 2025 and 2026.

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Graphene Manufacturing Group Ltd (TSX-V:GMG, OTC:GMGMF) (GMG) has announced further results of energy savings tests on a 4.3 kilowatt refrigeration system and heat transfer demonstrations on aluminium and copper, in which the company says the results provide additional confidence in the potential benefits of THERMAL-XR (TXR) in a range of applications.

The clean-tech company said the THERMAL-XR coated coil resulted in 15.7% energy savings and a 16.1% time savings for the Pull Down test, which assessed the time and energy required to reach a set temperature of 2 degrees Celsius in the heat controlled room with an initial set temperature of 30 degrees Celsius, controlled constant humidity level, and an outdoor temperature of 35 degrees Celsius.

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Imugene Ltd (ASX:IMU, OTC:IUGNF) has dosed its first combination patient in the PD1-Vaxx and Immune Checkpoint Inhibitor lung cancer clinical trial.

The clinical-stage immuno-oncology company is conducting the IMPRINTER (adults with non-small cell lung cancer) study, to evaluate the safety and efficacy of Imugene’s PD1- Vaxx, a B-cell activating immunotherapy alone or in combination with atezolizumab (Tecentriq®), an immune checkpoint inhibitor targeting PD-L1 from Roche, in patients with non-small cell lung cancer (NSCLC).

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Arrow Exploration Corp said it issued 1,695,052 common shares in May 2023 pursuant to the exercise of warrants issued at the company's IPO in October 2021. The exploration company noted that all of the new common shares issued during the month were issued under its existing block listing entitlement. Following the new shares, it said its issued share capital comprises 230,674,893 common shares with one vote per share

VolitionRx Limited said it has commenced an underwritten public offering of shares of its common stock. The multi-national epigenetics company also said it will grant the underwriters of the offering a 30-day option to purchase up to an additional 15% of the shares in the offering at the public offering price. The proceeds from the offering will be used for research and continued product development, clinical studies, product commercialization, working capital and other general corporate purposes, including potential strategic acquisitions, VolitionRx said. Freedom Capital Markets is acting as the book-running manager of the offering and Bancroft Capital is acting as co-manager.

Nextech3D.AI said it has successfully demonstrated its "Fixed Point Diffusion For Robust 2D To 3D Conversion" technology in a real-world application. The technology allows Nextech3D.AI to create high-quality 3D models from 2D reference photos, improving the online shopping experience and offering advanced visualization tools for retailers. Watch a video showcasing Fixed Point Diffusion technology for 2D to 3D conversion here: https://www.youtube.com/watch?v=feI6mpnWlYk

Century Global Commodities Corp. plans to raise approximately $394,018 through a rights offering, offering 98,504,571 rights to its ordinary shareholders. Shareholders will be able to subscribe for additional shares at a subscription price of two cents per share, with five rights needed to obtain one share. The proceeds from the offering will be used for preliminary costs related to exploring and preparing for an additional stock exchange listing for the development of the Joyce Lake iron ore project.

Fireweed Metals Corp has announced the voting results from its annual general meeting of shareholders held on May 31, 2023, in Vancouver, BC. Shareholders approved all matters proposed in the company's notice of meeting and information circular, including the approval of the stock option plan and the appointment of Davidson & Company LLP as auditors for the upcoming year. CEO Brandon MacDonald also expressed gratitude to departing board members George Gorzynski and Peter Hairsine for their valuable contributions to the company.

Plurilock Security Inc has announced a non-brokered private placement to raise up to approximately $773,997. The placement consists of 5,337,772 units, each comprising one common share and one common share purchase warrant. The company also plans to conduct a concurrent private placement for additional units, raising up to approximately $450,000. The proceeds from both offerings will be used for general corporate purposes and market awareness advertising.

Xeris Biopharma Holdings Inc will have members of its senior management participate in a fireside chat at the Jefferies Healthcare Conference on June 8th at 10:30am ET. The event will be available through a live webcast and a replay will be accessible for 60 days on Xeris' Investor Relations website here: https://wsw.com/webcast/jeff281/xers/1879020.

GlobalBlock Digital Asset Trading Limited has completed the preparation and audit of its annual financial statements for the fiscal year ended December 31, 2022, and its unaudited interim financial statements for the three-month period ended March 31, 2023. These filings are now available for viewing on SEDAR. The company is seeking revocation of the management cease trade order (MCTO) issued on May 3, 2022, and the long stop date for the completion of the Disposition Transaction has been extended to June 30, 2023.

PyroGenesis Canada Inc’s technology achieved a milestone in silicon purity in a recent quartz reduction reactor (QRR) test at an HPQ Silicon Inc facility, according to a statement. The GEN3 pilot plant program, conducted by technology provider PyroGenesis, achieved an average silicon purity surpassing 99.8% in its fourth test. This is a noteworthy improvement compared to the previous best results of 99.6%. This, along with a 99.92% result in its fifth test, confirms the capability of the QRR process to reduce the cost of silicon metal manufacturing through a single-step process.

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