Australis Capital, doing business as AUDACIOUS, posted fiscal fourth-quarter results that saw its revenue soar 405% year-over-year thanks to the company's 51% stake in commercial crops facility management firm ALPS, even though the deal was closed less than a month before the fiscal year ended. For the period ended March 31, 2021, the Las Vegas cannabis company earned a pre-tax net income of $3 million, compared to a pre-tax loss of $10.6 million in the fiscal 4Q of 2020. “The company benefited from increases in value in its Body and Mind holdings, favorable legacy settlements and cost reductions led by the new management team and other revaluations,” said the company. “The acquisition of ALPS more than doubled revenues for all of FY 2021 even though the company only owned ALPS for the last 23 days of the fiscal year,” noted the company.
Mountain Valley MD Holdings Inc (CSE:MVMD, OTCQB:MVMDF) has announced that it shares will graduate from the OTCQB Venture Market and begin trading on the OTCQX Best Market under the symbol ‘MVMDF’ effective August 27, 2021. Mountain Valley said graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors.
Kwesst Micro Systems Inc said the TSX Venture Exchange has conditionally accepted the listing of 3,536,057 common share purchase warrants of Kwesst Micro Systems Inc issued in connection with its oversubscribed brokered private placement of 3,536,057 units, which closed on April 29, 2021. The TSX-V has advised that the warrants will be listed for trading on the TSX-V under the symbol KWE.WT effective at market open on Aug. 31, 2021. The offering consisted of 3,536,057 units issued at a price of $1.25 per unit. Each unit consists of one common share of Kwesst and one warrant. Each warrant entitles its holder to purchase one share of the company at a price of $1.75 for a period of 24 months ending April 29, 2023.
Todos Medical Ltd. (OTCQB:TOMDF) has announced that its CLIA/CAP-certified lab Provista Diagnostics has successfully completed the validation studies required to put the Kogene Biotech PCR Variant Test Kit (Kogene Variant Kit) into production. Todos added that it expects to launch variant testing in September 2021. The company said the Kogene Variant Kit is a PCR kit capable of identifying the key mutations associated with specific SARS-CoV-2 variants, including the key P681R mutation identified in the Delta variant, that allows Todos to categorize the lineage of the strain responsible for a positive test result.
Altiplano Metals Inc saw its copper grades increase yet again during its July production run from the Farellon copper-gold mine in Chile. Over the month, Farellon produced around 4,020 tonnes of copper-gold material at a grade of around 1.52% — a 2% increase in copper grade, according to a release from the company. Altiplano also increased the amount of tonnes extracted by 11.5% compared to the month of June 2021, it told shareholders.
RedHill Biopharma (NASDAQ:RDHL) Ltd. has reported financial results for the second quarter of 2021, showing record quarterly revenues achieved and significant growth for its Talicia and Movantik drugs. For the three months ended June 30, 2021, RedHill posted net revenue of approximately $21.5 million while maintaining gross margin above 50%. The increase was attributable to a rise in revenues from Talicia and Movantik despite the challenging coronavirus (COVID-19) pandemic environment. RedHill noted that its focus on initiatives to drive Movantik market growth and gain market share had resulted in a strong quarterly performance for Movantik, registering a 5.6% increase in new prescriptions. In addition, Talicia achieved a record quarter, delivering more than 10% growth in prescription volume, compared to the previous quarter. RedHill's cash balance as of June 30, 2021, was approximately $71.5 million.
Naturally Splendid Enterprises Ltd. (TSX-V:NSP, OTC:NSPDF) has announced that Denny's restaurants across Canada will be offering select NATERA meat-alternative entrees on their menus. The Vancouver-based company said that following a menu test of NATERA products at five Denny's restaurants in British Columbia, guests can now look forward to enjoying NATERA Seasoned Chick-Un Tenders and NATERA Chick-Un Nuggets at 71 Denny's across Canada later this Fall. Naturally Splendid also revealed that Bar One, a restaurant under the Denny's Canada brand, will be offering select NATERA plant-based, meat-alternative entrées shortly after the Denny's launch at all 13 locations in British Columbia and Alberta.
NEO Battery Materials Ltd said it has received three additional prototype requests from “global-tier battery materials and metals manufacturers and an automotive company”. This latest request follows the first samples of NEO's silicon anode prototype that were previously sent out. The company notes it is currently in the process of manufacturing more prototype samples to meet the demand and is refining the prototype for further improvements in performance.
Kootenay Silver Inc said it has unearthed a potential new high-grade zone known as the East Block within the Columba Silver project, in Chihuahua State, Mexico. The discovery was made as part of the 2021 phase II drill program during expansion drilling east of the JZ Zone. Hole CDH-21-101 returned results indicative of high-grade areas on the property seen in the F, B and D Veins and JZ zone.
Mindset Pharma Inc (CSE:MSET, OTCQB:MSSTF, FRA:9DF) announced positive preclinical results from research on its Family 3 group of psilocybin compounds that could significantly improve the sustained effectiveness and safety profile of microdosing practices. The company said in a statement that research on the compounds, comprised of long-acting psilocybin side-chain restricted analogs, demonstrated “extended duration of action” and decreased effect size at the 5-HT2A receptor.
Major Precious Metals Corp. (CSE:SIZE, OTC:SIZYF, FRA:3EZ) has provided an update on its Phase I diamond drilling program at the Skaergaard Project in eastern Greenland. The company said it commenced drilling in July and has prioritized the northern part of the Skaergaard deposit, including several areas being drilled to determine the open-cut potential at the site. Historically, these priority areas were never drilled at Skaergaard due to the focus on defining a resource in the southern part of the deposit. Major Precious Metals noted that the successful completion of the drill holes within key priority areas by September has the potential to both upgrade and significantly expand the existing mineral resource estimate (MRE) for Skaergaard.
Safe-T Group (NASDAQ:SFET) Ltd, a provider of secure access solutions and intelligent data collection, has reported that its second-quarter revenue reached a record high, increasing by two-thirds year-over-year. For the three months ended June 30, 2021, the company generated $1.78 million in revenue, versus $1.08 million in the same quarter a year earlier, a 66% increase. Safe-T attributed the revenue jump to increased demand for its privacy platform and growing partnerships for its ZoneZero solution. Another highlight of the quarter was the recently-announced acquisition of CyberKick, the company added.
Lucky Minerals (TSX-V:LKY, OTC:LKMNF) Inc has announced a non-brokered private placement consisting of 43,750,000 units of the company at a price of C$0.08 per unit to raise gross proceeds of C$3.5 million, to be used to complete the very first drill program on its Fortuna gold and copper project in Ecuador and for general working capital. “The drill program is expected to be approximately 3,000 meters and is a follow up to the recent discoveries made during the surface exploration work over the past 18 months,” the company said in a statement. This includes Wayka's trench T6, which sampled 17.63 grams per tonne (g/t) gold over 3 meters (m).
Lingo Media Corporation (TSX-V:LM) has reported second-quarter 2021 revenue of C$1,030,518, a 5% year-over-year increase, as the company expanded the existing market for its Primary English Program (PEP) into an additional province in China. Lingo Media also recorded a net profit of C$707,561 for the quarter ending June 30, 2021, up from C$624,329 during the same period last year. “We are pleased to see the maintenance and growth of our recurring royalty stream from our PEP business in China even in the face of COVID,” Lingo Media CEO Gali Bar-Ziv said in a statement.
Tocvan Ventures Corp has told investors it plans to start a trenching program at its Pilar gold and silver project in Mexico in October as the company recapped on the findings of a successful drill program completed in June this year. The 20-hole Phase 2 drill program expanded the so-called Main zone 30 metres (m) to the northwest and 150m to the southeast and defined a new mineralized trend over a 500m strike, parallel to the Main zone. At the Triple Vein zone, one hole also hit a narrow silver-rich zone with gold.
RedHill Biopharma (NASDAQ:RDHL) Ltd. has announced results of a new preclinical study demonstrating strong inhibition by its investigational oral pill opaganib (ABC294640) of the coronavirus (COVID-19) Delta variant replication while maintaining cell viability at relevant concentrations. Working with the University of Louisville Center for Predictive Medicine, the company noted that opaganib was studied in a 3D tissue model of human bronchial epithelial cells (EpiAirway) to evaluate the in vitro efficacy of opaganib in inhibiting the Delta (Indian) variant. RedHill said this adds to the previously reported work that showed opaganib also inhibits Beta (South African) and Gamma (Brazilian) SARS-CoV-2 variants. "There is growing evidence in support of the possible key role played by sphingosine kinase-2 in the replication of RNA viruses such as SARS-CoV-2, irrespective of mutations at the spike protein. This makes inhibition of this intra-cellular enzyme a promising therapeutic target for treating COVID-19 disease," said Dr Reza Fathi, RedHill's Senior VP, R&D.
Amarillo Gold Corporation (TSX-V:AGC, OTCQB:AGCBF, FRA:72A) said that during the second quarter, it had made “great progress” on its shovel-ready Posse Gold Project on its Mara Rosa Property in Goiás State, Brazil, as it continued to explore its financing options. Heading into a pivotal period for Posse, Amarillo’s strategy is to make the necessary expenditures to stay on schedule for Posse while minimizing its financial exposure until it obtains full construction financing. Amarillo is gearing up to start building its 100,000-ounces-per-year operation at Posse. For its second quarter ended June 30, 2021, the Toronto-based company had C$40.5 million on hand, most of which is invested in short-term savings and investment accounts awaiting deployment for constructing Posse, exploration, and general corporate purposes.
Pathway Health (TSX-V:PHC) Corp said it had achieved "stable" second quarter and first half results despite the impact of the pandemic as it outlined plans to continue to grow the business via acquisitions, partnerships and creating new products. The firm, which provides out-of-hospital pain management services in Canada and has a focus on medicinal cannabis, said it ended the period to June 30 this year with $6.4 million in cash after raising $13.8 million gross from a private placing, giving it the firepower to execute on operational and expansion plans.
Silver Range Resources (AIM:RRL, ASX:RRS) Ltd released an encouraging exploration update on recent work at the Cambridge project in western Nevada, which is a joint venture with Auburn Gold Mining LLC. In May, the company completed a detailed soil geochemical survey over the known gold mineralization trends on the property, and results defined clear gold-in-soil anomalies coincident with the Price Lode, Cambridge Mine and North trends. Surveys also defined a 1,350 m long anomaly along the Price Lode trend with peak response of 5,070 parts per billion (ppb) gold in an area of known gold mineralization, Silver Range said.
Gevo Inc (NASDAQ:GEVO). has announced that the air quality and wastewater permit applications for its Net-Zero 1 project have been filed with the South Dakota Department of Agriculture & Natural Resources. "These permit applications are on schedule and represent the first of the permits necessary for the construction of Net-Zero 1,” said Chris Ryan, Gevo’s president and chief operating officer, in a statement. “We are happy to work closely with Pinnacle Engineering, a world-class engineering firm known for specializing in environmental permitting, to draft our permits. These combined efforts are focused on minimizing environmental impact and establishing the lowest CI (Carbon Intensity) score possible.”
Cabral Gold Inc (TSX-V:CBR) said assay results from recent drilling at its Pau de Merenda (PDM) target at the Cuiú gold district in northern Brazil suggest the presence of a much larger gold-in-oxide blanket than previously envisaged. In a drilling update, the junior resource company said results from ten additional reconnaissance RC (reverse circulation) drill holes at PDM have expanded the recently identified gold-in-oxide blanket to 800 x 300 metres (m) in size. The blanket remains open in three of four directions, the company added.
American Manganese Inc has announced the successful production of electrolytic manganese metal (EMM) in the final stages of the Wenden Stockpile reclamation and advanced material processing project in Arizona. The company said it has conducted multiple stages of bench-scale tests on the Wenden Stockpile material that confirm the viability of its patented manganese recovery process to produce EMM. The project was funded by an award in late 2020 from the US Defense Logistics Agency (DLA) to perform lab-scale work on the US government's 322,000 metric ton manganese stockpile located near Wenden and assess the viability of production using American Manganese's ground-breaking recovery process.
Silvercorp Metals Inc (TSX:SVM, AMEX:SVM) unveiled a new technical report on its Gaocheng (GC) operation that increases the resources and reserves on the silver-zinc-lead project. The report outlines mineral reserves of 4.131 million tonnes in the combined proven and probable categories at a grade of 94 grams per ton (g/t) silver, 1.5% lead, and 3.2% zinc, containing about 12.5 million ounces of silver, 135 million pounds of lead, and 293 million pounds of zinc. As for the resources, the report reveals 10 million tons inclusive of mineral reserves, grading 82 g/t silver, 1.2% lead and 2.8% zinc, for about 26.4 million ounces of silver, 265 million pounds of lead and 619 million pounds of zinc.
Kodiak Copper Corp announced it was restarting its drill program at its MPD copper-gold porphyry project in Southern British Columbia after work was temporarily halted last week due to wildfires. "With improved conditions, wildfire risk to our operations has been reduced, allowing the company to resume work," the explorer said in a brief statement. Thanking fire fighters and first responders, the company's CEO Claudia Tornquist added that the "short interruption" would not have a "material impact on the large exploration program we are undertaking at MPD this year".
Nextech AR Solutions Corp said it has closed the previously announced acquisition of UK-based spatial computing company ARWAY Ltd, in an all-stock transaction. The deal will also see Nextech hire key founders Baran Korkmaz and Nikhil Sawlani. ARWAY’s spatial mapping platform uses AI to scan and recognize surroundings for hyper-accurate location-based 3D mapping.
Predictmedix Inc. (CSE:PMED, OTCQB:PMEDF) has announced the revenue-generating deployment of four Safe Entry Stations at the upcoming Palm Tree Music Festival in New York. The event will be held on August 29 in Westhampton Beach as part of the company's reseller partnership with the US-based JUICEWORKS. In a statement, Predictmedix said the festival will serve as a unique opportunity to demonstrate its proprietary AI-enabled screening solution to representatives from local, state, and federal government agencies, the military, and tier-1 event organizers in attendance.
Empower Clinic Inc has announced the appointment of Annette Robinson to its inaugural global advisory board, which the company said is designed to advance its strategic goals through expert advice and guidance. Robinson, a pharmacist by trade with 37 years of industry experience, is currently president of the British Columbia Pharmacy Association and is the board representative for the Canadian Pharmacists Association.
ElectraMeccanica (NASDAQ:SOLO) Vehicles Corp, a designer and manufacturer of electric vehicles, announced that it will bring its flagship three-wheeled, single-occupant, SOLO EV to the Advanced Clean Transportation (ACT) Expo, the industry’s largest advanced transportation technology and clean fleet event. The four-day event will kick off on August 31 at the Long Beach Convention Center, in California. ElectraMeccanica (NASDAQ:SOLO) will occupy Booth #1907. The carmaker said it is “proud" to be the official sponsor of the “ACT Ride and Drive” event on September 1 with SOLO test drives available for interested attendees.
CO2 GRO Inc (TSX-V:GROW, OTCQB:BLONF) said it has been selected to participate in a virtual trade mission to Mexico presented by the Ontario Ministry of Economic Development, Job Creation and Trade (MEDJCT) in collaboration with the Toronto Regional Board of Trade. The selection was based on its CO2 Delivery Solutions application as a clean technology. The objective of the virtual clean tech mission, from September 20-23, is to attain a targeted six pre-screened, high-impact business-to-business meetings coordinated by Global BMT Consulting. Global BMT is a market intelligence company focused on international business, marketing, and trade consultancy that has been retained by the MEDJCT to introduce Ontario-based clean technology companies entering the Mexico market to targeted potential customers and distributors.
i-80 Gold Corp. said its application to the OTC Markets Group Inc for the company's common shares to begin trading on the OTCQX Best Market has been accepted. The company noted that its common shares will begin trading on the OTCQX Best Market on Thursday, August 26, 2021, under the ticker symbol IAUCF after qualifying for an upgrade from the OTC Pink market. "This is exciting news for the Company and will allow for a broad set of shareholders to invest in i-80. We are pleased to be accepted onto the OTCQX and believe this is the next step in unlocking the value of our Nevada-focused mining company", Ryan Snow, chief financial officer of i-80 said in a statement.
Nomad Royalty (TSX:NSR) Company Ltd. has announced that its common shares are anticipated to begin trading on the New York Stock Exchange (NYSE) on or about August 31, 2021, under the symbol NSR. In addition to listing and trading on the NYSE in US dollars, Nomad's common shares will continue to be listed and traded in Canada on the Toronto Stock Exchange (TSX) in Canadian dollars under the symbol NSR. Shareholders that purchased their Nomad common shares 'over-the-counter' or OTC, including shareholders whose shares are denoted in their institution/broker account with the symbol NSRXF, are advised to monitor their account to ensure their holdings are updated to reflect the NYSE listing and trading symbol, as Nomad expects OTC quotations for its common shares to cease in connection with the NYSE listing. Nomad's common shares will also continue to trade on the Frankfurt Stock Exchange under the symbol IRL.