logo-loader

NA Proactive news snapshot: Falcon Gold Corp, Major Precious Metals, Atlas Engineered Products, BioVaxys Technology, New Pacific Metals UPDATE...

Published: 20:40 17 Sep 2021 BST

BioVaxys Technology Corp. - NA Proactive news snapshot:
Your daily round-up from the world of Proactive

Falcon Gold Corp (TSX-V:FG, OTC:FGLDF) said it has filed the necessary work permits to begin advancing its Hope Brook project in Newfoundland. Additionally, the company also unveiled its exploration plans for the property which is strategically located contiguous to the Sokoman - Benton Joint Venture, Marvel, as well as Discovery and First Mining's property which is optioned to Big Ridge Exploration. The recently filed initial permits will support the first phase of exploration which includes high resolution magnetic gradiometry surveys, a proven method to sort the structural complexities in geological terranes. 

Major Precious Metals Corp. (CSE:SIZE, OTC:SIZYF, FRA:3EZ) (CSE:SIZE, OTC:SIZYF, FRA:3EZ) announced that it has successfully completed its Phase 1 diamond drilling program at its flagship Skaergaard project, in eastern Greenland. The Vancouver-based mining company said the drilling program covered an area of around 10 square kilometers (km²) within the 7.5km east-west by 11km north-south Skaergaard intrusion, including key new target zones in the northern part of the project. A total of 32 diamond drill holes over 8,195 meters (m) were completed in several key target areas in the northern part of Skaergaard. “The combination of diamond drilling and channel sampling resulted in 8,435m being completed and approximately 11,600 core and channel samples being collected for gold, palladium, platinum, and secondary element assay testing,” said the company. 

Atlas Engineered Products Ltd told investors that it has carried the “strong momentum” gained in the first half of the year into the third quarter of 2021 and it has significant revenue to show for it. The Nanaimo, British-Columbia based company reported revenue in just the two months of July and August of $11.5 million, up 18.8% from $9.68 million in the third quarter in 2020. “Management is confident that 3Q 2021 revenues will surpass the 2Q 2021 revenues of $14.4 million, which were partly the result of higher-than-normal lumber prices,” said the company. In its performance update, Atlas Engineered also highlighted that current sales order bookings stand at approximately $12 million. 

Vuzix Corporation (NASDAQ:VUZI), a leading supplier of Smart Glasses and Augmented Reality (AR) technology products, said its Vuzix M400 Smart Glasses were recently featured in a clinical pilot study that examined the accuracy of the Pixee Medical Knee + augmented reality navigation in performing Total Knee Arthroplasty (TKA). The preliminary results of the study, which were highlighted in the Journal of Experimental Orthopaedics, found that the “Knee + system is accurate and effective to perform TKA, and that translation from pilot study to high-level prospective studies is warranted to assess accuracy and cost-effective analysis compared to conventional techniques."

ESE Entertainment Inc has announced that its Digital Motorsports division will attend the Allgemeiner Deutscher Automobil-Club (ADAC) SimRacing Expo, which takes place at the Nürburgring race track in Germany from September 17-19, 2021. The company said ADAC is one of the key sim racing events, attracting more than 23,500 visitors including motorsport fans, pro gamers, and racers with about 800,000 live stream viewers. 

Todos Medical Ltd is now accepting Bitcoin, Ethereum, Dogecoin, Bitcoin Cash, and Litecoin as payment for its proprietary 3CL protease inhibitor wellness products Tollovid and Tollovid Daily. The company said it is able to accept these forms of payments through its www.mytollovid.com website when purchasers select Coinbase Commerce as the form of payment at checkout.

Enveric Biosciences (NASDAQ:ENVB, FRA:SLZ) Inc announced it has closed the acquisition of MagicMed Industries Inc (CSE:MGIC), a Canadian biotechnology firm with a library of novel derivative psychedelics molecules known as the Psybrary. The all-stock transaction sees MagicMed’s CEO Joseph Tucker taking on the CEO role at Enveric, with former Enveric CEO David Johnson becoming executive chairman.

Unigold Inc. (TSX-V:UGD, OTCQX:UGDIF) (TSX-V:UGD, OTCQX:UGDIF) has announced a non-brokered private placement of up to 18,000,000 units at a price of $0.13 per unit, to raise gross proceeds of up to $2,340,000.  The proceeds from the offering will fund the continued exploration and development of its Neita Concession in the Dominican Republic and for general working capital purposes. The Canadian junior said each new unit will consist of one common share and one common share purchase warrant, entitling the holder to buy a common share at an exercise price of $0.15 for four months and a day from the date of issue. It said the closing of the offering may be completed in multiple tranches and is subject to certain closing conditions, including conditional approval from the TSX Venture Exchange and receipt of any other required regulatory approvals. 

BioVaxys Technology Corp. (CSE:BIOV, OTCQB:BVAXF) (CSE:BIOV, OTCQB:BVAXF) announced that cancer vaccine manufacturing partner Bio Elpida has reached major milestones in the development of the bioproduction process for BVX-0918A, BioVaxys’ ovarian cancer vaccine. The Lyon, France-based company is now beginning the next phase of manufacturing process development. Vancouver-based BioVaxys said Bio Elpida has completed the technology process transfer with BioVaxys and started the development phase using a ‘quality by design' approach. which includes establishing the control methods and manufacturing process development. In parallel, as Bio Elpida further prepares for GMP (good manufacturing practice) manufacturing of BVX-0918A, the preparation of the new manufacturing facility is ongoing and on schedule. The next step is the vaccine process validation using donated tumor samples obtained following surgical excision from ovarian cancer patients. 

New Pacific Metals (TSX:NUAG, NYSE:NEWP) Corp reported that it had a busy fiscal 2021, which saw the Bolivia-focused explorer acquire the Carangas silver project, continue to advance its preliminary economic analysis (PEA) for Silver Sand, uplist to the Toronto Stock Exchange and start trading on the NYSE American. Reporting results for the year to June 30, the company noted it had maintained its working capital of US$46.36 million, which was enough to advance Silver Sand and fund regional exploration initiatives, including at Carangas and Silverstrike.

Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc has announced the launch of its connected retail commerce solution aimed at supporting real-time point of sale (POS) data connectivity across all banners and channels, in-store, online and mobile. The provider of real-time data analytics through artificial intelligence (AI) to drive customer engagement said the solution will provide retailers and consumer packaged goods (CPG) manufacturers with the ability to deliver automated and personalized marketing at scale. Fobi said it will unveil both the next generation of its proprietary IoT Device, Fobi 3.0, and the all-new connected retail commerce solution at GroceryShop, a convenience and grocery premier industry event, alongside major CPGs in attendance such as Johnson & Johnson (NYSE:JNJ), Proctor & Gamble Co, General Mills (NYSE:GIS) Inc., Frito Lay, PepsiCo (NASDAQ:PEP), Inc. and premier retailers such as Krogers Co, Albertsons Companies Inc, 7-11, and Amazon. “This is a huge step forward for Fobi, and we believe we are well-positioned to transform the retail industry as a whole,” CEO Rob Anson said in a statement.

Trust Stamp (OTCQX:IDAID, EURONEXT:AIID) Inc says its ability to deliver a secure authentication solution in low-resource environments for Mastercard (NYSE:MA)'s Inclusive Identity initiative has gained even greater significance as Mastercard (NYSE:MA) has partnered with African FinTech and Trust Stamp (OTCQX:IDAID, EURONEXT:AIID)'s fellow Start Path participant Paycode to unlock services for the underserved and unbanked in Africa. As a result, Trust Stamp (OTCQX:IDAID, EURONEXT:AIID) said its unique AI-powered data transformation and comparison technology is now positioned to protect the personal data of millions of individuals, who are being empowered to achieve financial inclusion through Mastercard (NYSE:MA)'s Community Pass platform. Trust Stamp (OTCQX:IDAID, EURONEXT:AIID)'s technology is used to turn sensitive biometric data into unique Irreversibly Transformed Identity Tokens (IT2) that are probabilistically compared to enable effective authentication, without the need to store or share biometric images or templates anywhere in the ecosystem.

PsyBio Therapeutics Corp said it has been included in the AdvisorShares Psychedelics Exchange Traded Fund (ETF). The intellectual property-driven, biotechnology company is currently developing novel, bespoke, and psycho-targeted therapeutics to potentially improve mental and neurological health. PsyBio is focused on the research and development of naturally occurring psychoactive tryptamines originally discovered in different varieties of hallucinogenic mushrooms, other tryptamines and phenethylamines. The AdvisorShares Psychedelics ETF is described as a dedicated investment tool in the future of psychedelics. “Based on promising research, psychedelics have the potential to disrupt the mental healthcare industry," the ETF overview states.

Spyder Cannabis Inc, an established Canadian cannabis and vape retailer, says its issued and outstanding common shares have started trading on a post-consolidation basis on the TSX Venture Exchange. The shares commenced trading today (September 17) and recently traded at $0.20 each. Last month, the company announced that its shares would be consolidated on the basis of one post-consolidation share for five pre-consolidation shares (share consolidation). Spyder said the share consolidation has reduced the number of issued and outstanding shares from 74,048,157 to about 14,809,631.

Enveric Biosciences (NASDAQ:ENVB, FRA:SLZ) Inc announced it has closed the acquisition of MagicMed Industries Inc (CSE:MGIC), a Canadian biotechnology firm with a library of novel derivative psychedelics molecules known as the Psybrary. The all-stock transaction sees MagicMed’s CEO Joseph Tucker taking on the CEO role at Enveric, with former Enveric CEO David Johnson becoming executive chairman.

Unigold Inc. (TSX-V:UGD, OTCQX:UGDIF) has announced a non-brokered private placement of up to 18,000,000 units at a price of $0.13 per unit, to raise gross proceeds of up to $2,340,000.  The proceeds from the offering will fund the continued exploration and development of its Neita Concession in the Dominican Republic and for general working capital purposes. The Canadian junior said each new unit will consist of one common share and one common share purchase warrant, entitling the holder to buy a common share at an exercise price of $0.15 for four months and a day from the date of issue. It said the closing of the offering may be completed in multiple tranches and is subject to certain closing conditions, including conditional approval from the TSX Venture Exchange and receipt of any other required regulatory approvals. 

American Resources Corporation (NASDAQ:AREC) said it had hired mining industry expert Rodney Campbell to help it advance its rare earth extraction aims. Campbell, who has worked for the company for several years and recently started his own consultancy Advanced Minerals, will focus on refining and advancing the sampling, handling and analysis of rare earth element (REE) feedstocks from the company's acid mine drainage (AMD) and coal processing waste streams in conjunction with the firm's sponsored research partnership with Penn State University. 

PyroGenesis Canada Inc a high-tech firm designing, developing, manufacturing and commercializing advanced plasma processes and sustainable solutions to reduce greenhouse gases, said P. Peter Pascali, CEO and Chair of PyroGenesis is scheduled to present at the Sidoti & Company Fall Small Cap Investor Conference. Pascali is slated to speak at the event on September 22, 2021 at 2:30pm EST. The CEO and Chair will also participate in one-on-one meetings with qualified members of the investment community throughout the conference. You can access the link to the live presentation here.

DGTL Holdings Inc has announced the availability of a broadcast titled, “Digital Media — The Next Generation: AI, Social for Video and Content to Web Ad Commerce.” As the new kid on the block, DGTL said it is the unsung public company that is making a name for itself with an A-list client roster through Hashoff, a turnkey enterprise level self-service CaaS (Content-as-a-Service) provider built on proprietary AI/ML technology. DGTL acquired Hashoff in January 2020 for just two times annual revenue at C$4.5 million in cash and stock up front with another C$1.5 million payable only upon Hashoff meeting sales milestones. Hashoff allows global brands to identify, optimize, engage, manage and track top-ranked digital content publishers for localized brand marketing campaigns. Its database of more than 150 million freelance influencers enables customers to target precise demographics throughout the world. You can hear the AudioPressRelease, here. Separately, you can view the full editorial here.

Thunderbird Entertainment Group Inc (TSX-V:TBRD, OTCQX:THBRF), an international award-winning, full-service multiplatform production, distribution and rights management company, said its President and CEO, Jennifer Twiner McCarron has been invited to the Sidoti Fall Virtual Investor conference. Twiner McCarron will present and host one-on-one meetings with investors at the conference, which is slated to take place over September 22-23, 2021. The presentation will begin at 1:45pm EST on Thursday, September 23rd. Thunderbird will also host virtual one-on-ones with investors on Wednesday and Thursday, September 22 and 23, 2021. Interested investors that wish to listen to the presentation can register here.

FTSE rises ahead of Easter weekend, JD Sport gains on upbeat outlook -...

The FTSE 100 gained on the final morning of this shortened Easter trading week. Festive cheer was limited though, as Thames Water confirmed shareholders would not provide it with a £500 million rescue package, prompting speculation over the London supplier’s future. On a more positive...

1 hour, 6 minutes ago