Constantine Metal Resources Ltd (CVE:CEM) (OTCMKTS:CNSNF) announced Tuesday the resignation of Brian Irwin from the board of directors. Board Chairman Wayne Livingstone said Irwin had been with the Vancouver-based mineral exploration company since its formation in 2006 and “played a key role in guiding and supporting the company through the Palmer discovery years and during challenging times in world markets.” The company's flagship asset is the Palmer Project in Alaska, a high-grade volcanogenic massive sulphide-sulphate project.
Analysts at HC Wainwright reiterated their 'Buy' rating and $13.75 ADR price target on DRDGOLD Limited (JSE:DRD) (NYSE:DRD) after the South African gold producer reported a substantial increase in output for the quarter ended September 30 compared with the three months to June. In a note to clients, HC Wainwright analysts Heiko F Ihle and Tyler Bisset said that total quarter-on-quarter production increased by 5% to 48,001 ounces of gold, as throughput and grades improved. “The better throughput was due to the Far West Gold Recoveries operations processing its mills at the planned capacity of 500,000 tonnes per month,” the analysts said.
Canadian junior explorer Bonterra Resources Inc (CVE:BTR) (OTCMKTS:BONXF) is saying goodbye to its CFO James Fairbairn at the end of the month after the long-service finance chief announced his retirement on Tuesday.Fairbairn’s years of experience as a finance professional helped guide the junior company’s coffers as it advanced a portfolio of high-grade assets in the Canadian province of Quebec. Val-d'Or, Quebec-based Bonterra told shareholders that its current financial reporting manager Johnny Oliveira will take on the CFO position on an interim basis.
Mandalay Resources Corp (TSX:MND) (OTCMKTS:MNDJF) will broadcast its third-quarter results after the market closes on November 4. A conference call with Dominic Duffy, Mandalay’s CEO, will follow a day later at 8 am. The precious metals miner operates the Costerfield mine in Australia and the Björkdal mine in Sweden.
PreveCeutical Medical Inc (CSE:PREV) (OTCMKTS:PRVCF) revealed it has advanced its scorpion venom-derived research and development (R&D) program toward proof of concept studies. The health sciences group, which is developing innovative preventive therapies using organic and nature identical products, noted that venom from the Caribbean blue scorpion has been shown to impact aggressive cancers, such as in the brain.
Lithoquest Diamonds Inc (CVE:LDI), the exploration group, revealed it is set to triple its footprint in a prospective diamond district in Western Australia as it struck a deal to buy six new licences. The licences are contiguous to the group's 100%-owned North Kimberley diamond project and it means the company would own more than 5,000 sq km of contiguous land in the North Kimberley region.
Hill Street Beverage Company Inc (CVE:BEER) (OTCMKTS:HSEEF) on Tuesday reported fiscal 2019 year-end financial results, noting a healthy increase in revenue year-over-year. The Toronto-based company also said it closed its fiscal year, ended June 30, with working capital of C$1.880 million, compared with C$1.455 million for the same period last year. And it ended with a cash position of C$1.068 million and no debt. Hill Street said it produced gross revenue of C$2.432 million, up 61% year-over-year. Net revenue was C$1.280 million, nearly doubling from 2018.
LexaGene Holdings Inc (CVE:LXG) (OTCMKTS:LXXGF) has succeeded in raising C$6.64 million gross via its latest stock issue – its largest capital raise to date, bringing it closer to its goal of commercialization in 2020. The company’s target is to use the proceeds for research, development and marketing as well as bring its genetic analyzer technology to market.
Analysts at HC Wainwright reiterated their 'Buy' rating and $13.75 ADR price target on DRDGOLD Limited (JSE:DRD) (NYSE:DRD) after the South African gold producer reported a substantial increase in output for the quarter ended September 30 compared with the three months to June. In a note to clients, HC Wainwright analysts Heiko F Ihle and Tyler Bisset said that total quarter-on-quarter production increased by 5% to 48,001 ounces of gold, as throughput and grades improved. The better throughput was due to the Far West Gold Recoveries operations processing its mills at the planned capacity of 500,000 tonnes per month,” the analysts said.
Capstone Turbine Corp (NASDAQ:CPST), the maker of clean-energy microturbines, revealed Tuesday that it has won its first-ever offshore oil and gas order in India, the world’s third-biggest oil importer and consumer, which is trying to ramp up crude oil production. In a statement, the company said Brio Energy Private Limited, Capstone’s exclusive distributor for India, secured the order for two C65 microturbines on a wellhead platform in the Arabian Sea.
Harvest One Cannabis Inc (CVE:HVT) (OTCMKTS:HRVOF) revealed Tuesday that its fiscal fourth-quarter saw strong revenue growth within its consumer and medical segments. In a statement accompanying the global cannabis company’s latest numbers, Harvest One CEO Grant Froese said: "We are delighted with the company's progress throughout the fourth quarter and fiscal 2019 as we build a platform for long-term growth across all our segments.”
GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) unveiled Tuesday more drill results from a number of holes at the Gold Drop project in British Columbia, which continue to confirm potentially economic mineralization in the COD vein. In the statement, the firm provided significant results, which included an intersection of 0.40 metres (m) at 35.6 grams per ton gold (g/t), 180 g/t silver and 251 g/t tellurium.
Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF), a cannabis-focused investment company has formed a cloud-based, self-service fulfillment platform, Cocoon Technology LLC. Cocoon, which will operate as a wholly-owned subsidiary of Australis, will provide dispensaries with a Platform-as-a-Service model to help them improve order fulfillment, cash management, bankcard acceptance, data analytics, customer loyalty, marketing, privacy, and compliance.
TIMIA Capital Corporation (CVE:TCA) (OTCMKTS:TIMCF) announced Tuesday it has funded an additional US$500,000 for Washington, DC-based software company TransitScreen Inc. In a statement, TIMIA said this second tranche follows the first disbursement of US$1 million previously announced on May 1, 2019. TransitScreen achieved certain milestones under the initial financing facility, triggering this second tranche.
RYAH Medtech Inc, the medical cannabis and data company, has cemented a deal with a leading pharmaceutical clinic to kick off a research program that will use its dose-measuring vaporizers and dry herb cartridges. Under the deal’s terms, the undisclosed oncology clinic will analyze the safety of using cannabis and hemp to treat patients in chronic pain, using RYAH’s proprietary devices which allow medical cannabis patients to precisely control dosage and temperature. The clinic has agreed to purchase about 100,000 RYAH dose-measuring dry herb vaporizers and several million dry herb cartridges over five years, starting in December
CB2 Insights Inc (CSE:CBII) (OTCMKTS:CBIIF) and VIVO Cannabis Inc (CVE:VIVO) (OTCMKTS:VVCIF) are teaming up to help people choose the right medical cannabis treatment. The cannabis data analytics company announced Tuesday that it signed a new research agreement with VIVO to help the cannabis producer develop a new global medical product development strategy.
VolitionRx Limited (NYSEAMERICAN:VNRX) has received a $500,000 loan from Texas A&M University to further the development of its subsidiary Volition Veterinary Diagnostics Development LLC. Specifically, the new infusion of non-dilutive funding comes from the university’s SOFINEX fund, which is active in the Walloon region of Belgium, where Volition is based. On October 25, Volition signed multiple agreements with Texas A&M to help develop its Nu.Q Vet products, and the institution now holds a 12.5% stake in the company.
American Battery Metals Corporation (OTCMKTS:ABML) has been selected to participate in the 2019 Greentown Labs/BASF Circularity Challenge accelerator program for battery recycling, the company said Tuesday. The Greentown Labs Circularity Challenge is a six-month accelerator program for start-ups developed in partnership with leading chemical company BASF, the lithium resource exploration and development company said in a statement.
Pacton Gold Inc (CVE:PAC) (OTCMKTS:PACXF) announced Tuesday that drilling has begun on its Red Lake Gold project in the historic Ontario mining district. The Vancouver-based junior’s Red Lake property is situated between Pure Gold Mining's Madsen project, set for production next year, to the north, and Great Bear Mining's Dixie property to the south. The company is planning a 10,000 metre program to focus on high-priority targets at its Boyden and Carricona prospects and look for potential mineral extensions from nearby properties in the Madsen-Dixie fault corridor.
Maxtech Ventures Inc (CSE:MVT) (OTCMKTS:MTEHF) is not wasting any time at the Panama gold project in Red Lake, Ontario and revealed Tuesday that it had just completed a brief, late season exploration program there. As reported last week, the firm has now finalized its option deal with Benton Resources over the 74 sq km asset, allowing it to earn up to 100% of the property.
Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) told investors Tuesday that its optionee GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) had reported more drill results from a number of holes at the Gold Drop project in British Columbia. It comes after last week, the group updated on the progress of its first hole at Gold Drop project, which is testing a large, deep geophysical anomaly, and which has hit mineralization.
Universal mCloud Corp (CVE:MCLD) (OTCMKTS:MCLDF), the artificial intelligence and analytics specialist, said it has changed its name to mCloud Technologies Corp. The company will continue trading on the TSX Venture Exchange under the same ticker symbol "MCLD." The CUSIP number assigned to the company's shares is 582270104 (ISIN CA5822701044). The company said the completion of the name change is subject to regulatory approval, including the approval of the TSX Venture Exchange.
Namaste Technologies Inc (CVE:N) (OTCMKTS: NXTTF), the cannabis e-commerce company, is set to press ahead with its plan to lend C$300,000 to Choklat, an Alberta-based craft chocolate manufacturer, in the wake of news that the TSX Venture Exchange has signed off on the agreement. The loan, which matures at the end of December 2020, bears interest at 12% per year and if Choklat fails to repay any principal or interest, it will automatically convert into common shares of Choklat at a deemed value of $0.152 each.