Ocean Power Technologies Inc (NYSE-A:OPTT) (OPT) expects its contract orders to more than double to $15 million in the 2024 financial year, the intelligence maritime solutions and services provider highlighted when handing down its latest quarterly results.
Analysts at Water Tower Research noted this expected contract growth, which is projected to be driven by the ramp-up of OPT’s data-as-a-service (DaaS) line, wave adaptive module vehicle (WAM-V) sales and leases, and consulting business inflows.
First Phosphate Corp. (CSE:PHOS) said it has signed a non-binding memorandum of understanding (MOU) with NorFalco Sales, a division of Glencore Canada Corporation, to secure a crucial supply of sulfuric acid for its future industrial facilities in Saguenay-Lac-St-Jean, Quebec.
Under the terms of the MOU, pending the parties' agreement on a definitive sulfuric acid supply arrangement, First Phosphate will have access to NorFalco's sulfuric acid supply for its planned phosphoric acid and other industrial facilities located in Quebec.
BioVie Inc (NASDAQ:BIVI) has issued a letter to shareholders providing an update on its progress and recent findings.
The letter highlights the company's excitement and optimism regarding the Phase 3 trial for NE3107 in Alzheimer's Disease (AD), which is expected to release its results later this year.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) said it has entered into an agreement with Research Capital Corporation for a marketed private placement offering of units at a price of $0.42 each for aggregate gross proceeds of up to $3 million.
The company said Evan Gappelberg, its CEO, intends to participate in the offering,
Futura Medical PLC (AIM:FUM, OTC:FAMDF) has announced Jeff Needham as its new non-executive chair, succeeding from John Clarke who has stepped down.
Clarke joined Futura in 2011 and, in a statement, the company described him as instrumental in driving the Company's strategy and success in securing commercial partnerships.
FYI Resources Ltd (ASX:FYI, OTCQX:FYIRF) has conditionally been awarded an A$3 million grant from the Western Australian Government’s Investment Attraction Fund (IAF), which will accelerate the development of its innovative high purity alumina (HPA) project.
The grant recognises the importance of FYI’s project to the state of WA and will support the continued development of the company’s strategy to become a supplier of high-quality HPA.
Two years of systematic surface work at its Copper Duke Project in southern Ecuador has led Titan Minerals Ltd (ASX:TTM) to the discovery of an extensive copper-gold porphyry system at the El Huato and Lumapamba prospects.
The company’s exploration, including collection and integration of copious amounts of data at the prospects, has uncovered a mineralised system as old as the Cerro Verde-Santa Rosa copper-molybdenum porphyry deposit in Peru, one of the largest copper districts in the world with 17 million tonnes of copper.
Information Services Corporation announced it will release its financial results for the second quarter ended June 30, 2023, following the close of the market on Wednesday, August 2. ISC will hold an investor conference call on Thursday, August 3 at 11am ET to discuss the results. The company encouraged those joining the call on a listen-only basis to join the live audio webcast, which will be available on the company’s website at www.company.isc.ca/investor-relations/events. Participants who wish to ask a question on the live call may do so through the ISC website, or by registering at: https://register.vevent.com/register/BI69c1d6014af549099dfab3527c771c2.
Solstice Gold Corp intends to raise $420,000 through a non-brokered private placement financing. The offering will consist of National Units, Ontario Units, and Units, with participation led by members of the management team and board of directors. The proceeds will be used to fund exploration programs for the company's mining projects in Quebec and Ontario, with a focus on lithium exploration at the SLP property. The closing of the offering is anticipated to occur on or about August 7, 2023, subject to regulatory approvals.
BioHarvest Sciences Inc has successfully closed its non-brokered private placement of convertible notes, which amounts to CA$4,642,075.50 in aggregate principal amount. The company also paid finder's fees of $41,282.20 to a finder for a portion of the private placement. The notes and any common shares that may be issued upon conversion will be subject to a hold period of four months and one day, in accordance with applicable Canadian securities laws and relevant restrictions in other jurisdictions. CEO Ilan Sobel expressed gratitude for the strong investor support, highlighting BioHarvest's ability to attract funds even amid challenging global investment conditions.
Victory Battery Metals has issued 7,205,000 options to management, employees, and consultants as part of its incentive stock option plan. Each option allows the holder to purchase one common share of the company for $0.05 within a five-year period, subject to the terms of the plan.