Arizona Silver Exploration Inc. (TSX-V:AZS) revealed positive results from re-assays by the metallic screen technique on selected drill hole intervals on its flagship Philadelphia gold project, where it is drilling off an epithermal gold-silver system.
The Vancouver-based exploration company said the highest grade sample in drill hole PRC23-97, which originally reported 51 grams per ton (g/t) gold, soared 42% higher in grade to 72.5 g/t gold thanks to the metallic screen analyses.
American Rare Earths Ltd (ASX:ARR, OTCQB:ARRNF) has appointed Jose Rico as its new United States-based chief financial officer.
The company said Rico brings more than 22 years of corporate finance and accounting experience to American Rare Earths.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF), formally Nextech AR Solutions Corp, has said it intends to uplist its common shares to the NASDAQ Capital Market.
The company, which has also filed to change its formal name to Nextech3D.ai to better reflect its ongoing AI-powered business, said it recently confidentially submitted a draft registration statement to the Securities and Exchange Commission (SEC) for purposes of a potential future offering of its securities in the US.
Africa Oil Corp (TSX:AOI) said it has entered an agreement to buy an additional 6.25% interest in Block 3B/4B in the Orange Basin off the coast of South Africa for $10.5 million in cash.
The company said it signed a legally binding Letter of Intent (LOI) with Azinam Limited, a wholly owned subsidiary of Eco (Atlantic) Oil & Gas Ltd for the additional stake.
Jolt Health Inc has said it intends to close its previously announced non-brokered private placement financing on July 15, 2023. The company will issue a total 6,984,266 units for gross proceeds of $100,125 at $0.143 cents per unit. Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for a period of two years from the date of closing at a price of five cents subject to the corporation's option to accelerate the expiry date if the stock trades at $0.15 for 10 trading days.
PyroGenesis Canada Inc said it has amended certain terms of its previously announced best effort brokered private placement offering of up to 5,000 unsecured convertible debenture units of the company at a price of $1,000 per debenture unit for gross proceeds of up to $5 million. Under the amended terms, each convertible debenture unit will consist of one 10.0% unsecured convertible debenture of the company with a maturity of 36 months from the date of issuance and 1,000 common share purchase warrants of the company. Each warrant shall entitle the holder to acquire one common share at an exercise price of $1.25 for a period of 24 months following the closing date. The company intends to use the net proceeds for working capital and general corporate purposes. The offering is scheduled to close on or about the week of July 17, 2023.
Numinus Wellness Inc has that announced that Payton Nyquvest, its founder and CEO, will present live at the Small Cap Growth 50 Virtual Investor Conference on July 13, 2023, at 2.30pm ET / 11.30am PT, via the following link: https://bit.ly/43mPSpB. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
Infinity Stone Ventures Corp has said it is consolidating all of its Class A Subordinate Voting shares and Class B Super Voting Shares on the basis of one post-consolidated Class A Share or Class B Share for every two pre-consolidated Class A Shares or Class B Shares held. The Class A Shares are expected to begin trading on a consolidated basis on the Canadian Securities Exchange (CSE) on Thursday, July 13, 2023. The record date for the consolidation is July 14, 2023. Infinity Stone said its management believes that the consolidation is necessary to provide the company with a share structure that will better attract capital financing and that will provide for future growth opportunities. It is subject to final approval from the CSE.
Stefan Gleason announced that he has taken his stake in Global Energy Metals Corporation (GEMC) to approximately 14.2%. Gleason is a Charlotte-based entrepreneur who owns several privately held businesses in the United States such as Money Metals Exchange LLC, one of the largest precious metals dealers and depositories in North America with over C$1 billion in annual revenues. Gleason commented: "Over the past year, Global Energy Metals has strategically pivoted to creating royalties and establishing joint ventures, enabling it to diversify its battery metals exposure while reducing its internal costs amid today's difficult capital market for mining equities.” He added: "With two new royalties created just last week, all of Global's projects other than Nevada-based Lovelock and Treasure Box are proceeding under joint-venture arrangements - with its partners responsible for virtually all exploration and development expenditures. I believe this deeply undervalued Company is also ripe for a strategic partnership or transaction." On July 10, 2023, Gleason purchased 1,855,317 GEMC shares via the OTCQB (at a cost of C$ 113,218, or an average of $0.061 per share). Prior to July 10, he held an aggregate of 3,794,280 GEMC common shares and 480,000 warrant shares, representing 9.89% of the issued and outstanding shares on an as converted and partially diluted basis. After the purchases on July 10, Gleason held 5,649,597 GEMC common shares and 480,000 warrant shares, or 14.18% of the issued and outstanding GEMC shares on an as converted and partially diluted basis.
Sonoro Gold Corp will present a live virtual corporate update hosted by Red Cloud Financial Services on July 13 at 11:00 ET. The gold company said the presentation will focus on new gold mineralized targets as potential resource expansion in the northwestern region of the Cerro Caliche concession, where it has completed over 600 samples in the region with sample lengths of 1 to 2 meters and assays grades of up to 24.8 g/t Au. Register at: https://redcloudfs.com/rcwebinar-sgo/.
Cepton Inc announced today that its CEO Jun Pei and CFO Hull Xu will participate in the upcoming JP Morgan Auto Conference, held in New York, from August 9th to 10th. Cepton management will be available for one-on-one or group investor meetings throughout the conference. Please contact InvestorRelations@cepton.com for any inquiries.
GR Silver Mining Ltd has said it proposes to undertake a non-brokered private placement of units at a purchase price of $0.075 each to raise total gross proceeds of up to $1 million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of $0.12 at any time on or before that date which is 24 months after the closing date of the offering. The gross proceeds received from the sale of the units will be used for advancement of studies on the company's Plomosas Project and for general working capital.