NEO Battery Materials Ltd announced that the Korean Intellectual Property Office (KIPO) has issued a core patent of its silicon anode material technology following the notice of allowance announcement made in November 2021. "We are glad to announce that the KIPO has issued one of the core patents related to NEO's low-cost, single-step nanocoating technology for manufacturing silicon anode active materials,” said Spencer Huh, CEO of NEO Battery Materials, in a statement. He added: “As South Korea stands as one of the largest battery manufacturing countries and an epicenter of battery innovation, NEO will continue to strategically establish its presence and development within this market."
Empower Clinics Inc said its MediSure Canada subsidiary has formally submitted an application to Health Canada for an interim approval order to manufacture and sell MediSure Canada Lateral Flow Rapid coronavirus (COVID-19) Antigen Tests. Empower said MediSure Canada is leveraging its experience in the manufacturing and distribution of diabetes management solutions and medical devices, to meet the critical need for expanded COVID-19 testing supply. The Vancouver, British Columbia-based company said that the approval of this application initiates the commercialization and distribution of its MediSure COVID-19 Rapid Antigen Tests in Canada. Empower Clinics anticipates a response on the application in early 1Q 2022 as Health Canada is continuing to expedite the review of coronavirus-related applications under its interim order no. 2.
Naturally Splendid Enterprises Ltd said it has completed the first tranche of its previously-announced, non-brokered private placement financing, raising gross proceeds of C$2,150,515 by issuing 71,683,846 company units at a price of C$0.03 per unit. Naturally Splendid noted that proceeds of the first tranche will be directed primarily towards the purchase of new manufacturing equipment and facility upgrades to accommodate the manufacturing of plant-based entrees as per the company's 10-year exclusive manufacturing and distribution agreement with Flexitarian Foods Pty Ltd, as well as inventory from key suppliers, general working capital purposes, accrued management fees of C$278,371.71, and future management fees totaling C$108,000. “Manufacturing in Canada rather than importing from Australia has many advantages, including increased margins due in part to reduced transport cost, optimizing inventory levels, as well as incorporating Canadian-grown ingredients,” Naturally Splendid CEO Craig Goodwin said in a statement.
American Eagle Gold Corp (TSX-V:AE) said it has received final approval from the TSX Venture Exchange and has closed its acquisition transaction to acquire a 100% interest in the NAK property in the Babine Copper-Gold Porphyry district in central British Columbia (BC). The NAK acquisition offers American Eagle Gold a valuable risk-reward proposition to drill test a new geophysical feature within a well-understood geologic environment, the company said. American Eagle Gold also said it has closed its previously announced private placement of 10,791,244 flow-through units at a price of $0.14 per FT unit, for gross proceeds of $1,510,774.
Empress Royalty Corp (TSX-V:EMPR, OTCQB:EMPYF) announced that it has made the final payment of its US$10 million gold stream agreement on the Sierra Antapite mine in Peru owned by the Sierra Sun Group. The Vancouver-based royalty made the final US$2.5 million payment of the agreement, it said in a statement. The agreement was funded in three tranches: US$5 million in July 2021; US$2.5 million in September 2021 and the remaining US$2.5 million in December.
In a separate statement, Empress Royalty said that, upon receipt of TSX Venture Exchange approval, it has now closed the US$15 million accordion credit facility agreement with Nebari Natural Resources Credit Fund I LP, as announced on December 22, 2021. The company's initial draw of a US$4.5 million loan under the accordion facility is now financed. The company issued 7.5 million share purchase warrants to Nebari. Each warrant is exercisable into one common share for two years at an exercise price of 27 cents, subject to a four-month-and-a-day hold period.
Nabis Holdings Inc has announced the closing of the first tranche of a non-brokered private placement of 1,900,000 common shares in the capital of the company at a price of $0.20 per common share for aggregate gross proceeds of $380,000. The net proceeds raised from the offering will be used for working capital and general corporate purposes. The securities issued upon closing of the offering will be subject to a hold period of four months plus a day from the date of closing, under applicable securities laws. The closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange.
Logiq Inc has said it convened its Special Meeting of Stockholders on December 20, 2021, however, a quorum was not present for the conduct of business at the Special Meeting. To allow more time for stockholders to vote and more time for the company to solicit additional votes to establish a quorum for the Special Meeting, the meeting was convened and then adjourned until Tuesday, January 18, 2022, at 11.00am Eastern Standard Time, and will reconvene at that time as a virtual meeting via the Internet at www.virtualshareholdermeeting.com/Logiq2021SM. There is no change to the record date of October 25, 2021, for the stockholders entitled to vote at the Special Meeting. A quorum consists of a majority of the shares entitled to vote. If a quorum is not met as of January 18, 2022, the company will not be able to conduct the business included in the company’s proxy statement. If they have not yet voted, Logiq urges stockholders to vote through the Internet, by telephone, or by mail by following the instructions on the proxy card they received.
AMPD Ventures Inc said it has granted 425,000 incentive stock options to certain employees, officers, directors or consultants under the company's stock option plan. The options have an exercise price of 45 cents per share with 400,000 of the options exercisable for a period of five years, and 25,000 of the options exercisable for a period of three years, unless terminated pursuant to the terms of the stock option plan. 400,000 of the options will vest in 12 equal quarterly instalments with the first instalment vesting on the date of grant. 25,000 options will vest in five equal instalments, with 5,000 options vesting on the date of grant and 5,000 options vesting at the end of each of the following four quarters thereafter.
Belmont Resources Inc (TSX-V:BEA) said the TSX Venture Exchange has accepted for filing documentation related to a property option agreement between the company and Highrock Resources Ltd., a non-arm's-length party, whereby the company will dispose of up to a 75% interest to Highrock in its Pathfinder property. Under the terms of the agreement, Highrock can earn a 51% interest in the property by making a $5,000 cash payment and issuing 100,000 shares to the company. Highrock can then earn the remaining 24% interest by making an additional cash payment of $10,000, issuing an additional 100,000 shares to the company and incurring specified exploration expenditures. Director and officer of the company, Gary Musil, is also a director and officer of Highrock.
Aurelius Minerals Inc (TSX-V:AUL, OTCQB:AURQF) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced December 16, 2021, which will see the issue of 2,418,611 flow-through shares and 963,333 non-flow-through shares at purchase prices of 36 cents per flow-through share and 30 cents per non-flow-through share, together with 481,666 share purchase warrants with an exercise price of 40 cents for a two-year period with 8 placees.
VanadiumCorp Resource Inc (TSX-V:VRB) said the British Columbia Securities Commission (BCSC), as principal regulator, has granted the company a full revocation order of a failure-to-file cease trade order (FFCTO) issued on March 8, 2021.
Water Tower Research has published a management series report for Aqua Metals Inc (NASDAQ:AQMS) which can be accessed via the following link: https://watertowerresearch.com/content/leading-the-way-in-sustainable-lithium-ion-battery-recycling-helping-reduce-the-carbon-footprint-of-evs