Paradigm Capital analysts released a research update on Wishpond Technologies Ltd, saying the company is showing “no signs of slowing down in 2022.” “We believe WISH is well positioned for outperformance in 2022 given leading organic growth of ~40%, investment in doubling the sales force and a pipeline of M&A opportunities,” the analysts wrote.
PlantX Life Inc announced that at its annual general meeting of shareholders, held on January 13, 2022, Quinn Field-Dyte, Fred Leigh, Alexandra Hoffman, Ralph Moxness, Lorne Rapkin and Peter Simeon were elected as company directors. PlantX added that shareholders passed all other motions at the meeting, including fixing the number of company directors at six and appointing MNP LLP as its new auditors for the ensuing year.
PharmaDrug Inc announced that Robert Schwartz has resigned from the board of directors and the board has accepted his resignation. Effective immediately, the company will appoint current member David Kideckel to replace Schwartz on the company's Audit Committee. Kideckel recently joined the board on August 30th, 2021 and has over 20 years of combined industry and capital markets experience, most recently serving as managing director, Senior Institutional Equity Research Analyst at ATB Capital Markets. The company will not be appointing any new board members at this time as no Board members were removed in connection with Kideckel's appointment.
Mandalay Resources Corporation said it beat its full-year (FY) production guidance for 2021 with consolidated saleable gold equivalent production of 123,002 ounces from its global mining operations, topping its previously reported range of between 105,000 and 117,000 ounces. The Toronto-based mining company said the level is its highest total since 2017. Mandalay saw year-over-year production growth of 19% and sales growth of 26% compared to FY 2020, with 38,904 ounces of gold equivalent sold in 4Q 2021. Costerfield, Mandalay’s flagship operation in Australia, saw its highest-ever quarterly saleable gold equivalent production of 19,507 ounces.
Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc has announced new partner funding from the New Brunswick Health Research Foundation (NBHRF). The company said that the funding will support ongoing clinical calibration and subsequent validation trials with the Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Pulsewave 2.0 wrist-worn vital sign monitoring device. "The NBHRF is proud of our continued support of industry," said Meaghan Seagrave, NBHRF CEO in a statement. "Building strong partnerships like the one with Cloud DX (TSX-V:CDX, OTCQB:CDXFF) enables us to maximize the impact of our work. We are able to support the best health research for New Brunswick solutions to New Brunswick health challenges."
Northstar Gold Corp has revealed positive results from Phase IIB drilling exploration program on its flagship Miller Gold property, located 18 kilometres southwest of Kirkland Lake, Ontario. The Vancouver-based company said that last year 2,495 metres (m) of drilling was completed in 14 holes with six holes testing Allied Syenite Gold Zone extensions, two holes testing the recently discovered E Zone, and six holes designed to upgrade a historic resource estimate on the recently optioned, adjacent Searles property. Assay results for the first three of six drill holes (MG21-63, MG21-64 and MG21-65) targeting the Bulk Tonnage Allied Syenite Gold Zone, have been received and confirm a 180m northwest extension from previous drilling, the company said.
Co-Diagnostics (NASDAQ:CODX) Inc said its CoSara Diagnostics Pvt Ltd joint venture in India has received clearance from the Central Drugs Standard Control Organization (CDSCO) to manufacture and sell its SARAGENE Human Papillomavirus High-Risk (HPV-HR) Real-Time PCR test as an in vitro diagnostic (IVD). Human papillomavirus (HPV) is the most common sexually transmissible infection in the world and the cause of almost all cervical cancer worldwide (the 4th deadliest cancer in women), as well as a substantial portion of certain other cancers, totaling over 600,000 cases of cancer per year being attributable to HPV. CoSara's new multiplex test, the 12th CoSara assay to receive CDSCO (India’s version of the US Food and Drug Administration) approval, is built on the company's patented CoPrimer technology and designed to detect and differentiate between HPV genotypes 16 and 18, while simultaneously detecting high-risk carcinogenic HPV types 31, 33, 35, 39, 45, 51, 52, 56, 58, 59, 66, and 68.
Belmont Resources Inc (TSX-V:BEA) told investors it has identified five high priority targets for follow-up diamond drilling after last year's Fall program of 3D induced polarization (IP), prospecting and rock sampling at its CBC property in British Columbia. "Our systematic 2021 exploration program on the CBC property has resulted in the delineation of some very high priority drill targets for our upcoming drill program," said George Sookochoff, CEO of Belmont Resources, in a statement. "We are very excited to now advance the CBC to the next important stage of exploration and that is putting the drill in the ground," he added.
Healixa (OTC:EMOR) Inc is beefing up its advisory board with the addition of Managed Health Care Associates Inc president Diane Koontz. Managed Health Care is the largest group purchasing organization in the US and a leading health care services and software company that looks at alternate site health care providers. New York City-based Healixa (OTC:EMOR) said that Koontz’s appointment demonstrated the firm’s commitment to its healthtech portfolio.
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc, which provides real-time data analytics through artificial intelligence, revealed that it has struck a share purchase agreement (SPA) with Portugal-based Passworks to acquire all its issued and outstanding shares for €400,000 (US$458,684) in an all-share deal. Passworks is a leading European digital wallet and mobile marketing company with international clients such as luxury fashion house Hugo Boss, coupon giant Catalina Marketing Corporation and media giant Wunderman Thompson UK. In a statement, Fobi founder CEO Rob Anson said: "The acquisition of Passworks, our fourth wallet pass acquisition in the past year, will further position us as a global wallet pass leader and gives us access to a number of key Tier 1 customers which will help drive immediate revenue and strengthen our brand."
Silvercorp Metals Inc (TSX:SVM, AMEX:SVM), the China-focused metals miner, has reported more results from extensive drilling and tunneling program at its flagship Ying project in Henan Province, this time from the HPG mine. HPG is one of six mines that make up the Ying project and the company said high-grades were uncovered in the diamond drill program, which ran from June 1 to December 31 last year and saw 153 holes sunk, including 89 underground holes and 64 at surface. Highlights of the high-grade underground gold-silver-lead-zinc intercepts near-surface or previously mined stopes included an interval of 1.91 metres (m) at the vein H16, which graded 24.66 grams per ton (g/t) gold, 56 g/t silver, 3.28% lead, 2.12% zinc, and 0.11% copper (Cu) starting from a depth of 29.11m.
XPhyto Therapeutics Corp revealed that it has signed a distribution agreement with TechUnit s.r.o. for its coronavirus (COVID-19) PCR test, Covid-ID Lab, in the Czech Republic as an initial priority market followed by Hungary, Slovakia, Ukraine and Russia. The Vancouver and Germany-based bioscience accelerator said the Covid-ID Lab is a rapid test for the qualitative detection of SARS-CoV-2 based on the reverse transcriptase-polymerase chain reaction (RT-PCR) method. TechUnit is a privately owned company based in the Czech Republic focused on medical product distribution, advertisement and promotion. "Execution of the distribution agreement with TechUnit is an important step toward building strong European sales," Professor Dr Thomas Beckert, head of XPhyto's diagnostics and drug formulation business, said in a statement. "This is an important relationship with excellent potential for additional territorial expansion,” he added.
Delta 9 Cannabis Inc has told investors that it will report a rise in fourth-quarter and full-year 2021 revenue as it continues to grow revenue streams from its three core business units. For the three months ended December 31, 2021, the Winnipeg, Manitoba-based vertically integrated cannabis company said it expects net revenues of between $16.6 million and $17.4 million, an increase of 17%-23% from the same quarter a year earlier. The guided range is 9%-14% higher than 3Q revenue of $15.2 million. It said it anticipates full-year net revenues to be between $61.8 million and $62.6 million, compared to $52.1 million for fiscal 2020.
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has announced that its subsidiary American Affiliate has demonstrated strong sales growth and operational performance since being acquired in November 2021. Since November 23, FansUnite said American Affiliate has generated more than C$3.4 million in unaudited revenue while operating at over 30% gross margins and has registered more than 16,000 new depositing customers for leading partner brands such as BetMGM, WynnBet, Caesars, FanDuel, and DraftKings. "American Affiliate's performance continues to exceed our expectations," said Chris Grove, CEO of American Affiliate, in a statement. "Our growth continues to be powered by our unique strategy of focusing exclusively on the U.S. market with a brand-driven, tech-based portfolio of assets that are able to access potential gamblers across multiple digital and retail channels."
Evergold Corp (TSX-V:EVER, OTC:EVGUF) has announced that diamond core drill sampling carried out at mineralized outcrop sites within a 1.5 kilometre radius of the GL1 Main gold-silver zone at its Golden Lion property in British Columbia (BC) has returned “strong to locally very high grades” of copper, silver, and some gold, which included 16.2% copper and 735 grams per tonne silver. The company said drilling was focused on mineralized outcrop at four sites within the broad GL2 target area, highlighting the exploration potential in areas adjacent to the GL1 Main zone. “We observe high-grade polymetallic mineralization in outcrop at several sites lateral to the prominent N-S trending ridge that bisects the GL1 and GL2 target areas, and to the north as well,” Evergold CEO Kevin Keough said in a statement.
HealthLynked (OTCQB:HLYK) Corp announced the launch of its updated coronavirus (COVID-19) Tracker Application (App) to include confirmed cases of the Omicron variant as reported by the Centers for Disease Control (CDC). The HealthLynked (OTCQB:HLYK) COVID-19 Tracker Application was first released on the Apple App Store in March 2020 at the height of the pandemic. The company said the updated app will now include confirmed cases of the Omicron variant as reported by the CDC and local state health departments while continuing to track COVID-19 cases and global statistics. Other features of the app will remain in place, including real-time chat and updates from the CDC and World Health Organization (WHO).
Essex Minerals Inc said it has entered into binding terms with First Au Limited (FAU) for an arm's length option, earn-in, and acquisition of the Mt Turner project in north Queensland, Australia. Essex noted that its preliminary exploration activities have outlined a very large copper-molybdenum (with gold and silver) porphyry target at the project. The Vancouver-based junior added that FAU considers Mt Turner a strategic acquisition that complements the Australian explorer's existing copper prospects of Dogwood in Victoria and Mabel Creek in South Australia.
Mydecine Innovations Group Inc (OTC:MYCOF, NEO:MYCO) has announced that it will be launching a Special Access Support and Supply Program (SASSP) to provide products and services to physicians, clinics, and hospitals in Canada looking to treat patients through psychedelic-assisted psychotherapy. With the new addition of psilocybin and MDMA to the approved list of substances under Health Canada's Special Access Program (SAP), the company said that it aims to fill a critical gap in the market by allowing thousands of healthcare professionals and clinics the resources needed to bring these treatments to patients in need. “The goal of our Special Access Support and Supply Program is to help physicians who want to prescribe these treatments to their patients but might not have access to the drug product in Canada or experience implementing psychedelic-assisted psychotherapy,” CEO Josh Bartch said in a statement.
Altiplano Metals Inc (TSX-V:APN, OTC:ALTPF) revealed high-grade copper assays from its Farellon project in Chile that confirm the continuation of mineralization at depth and along strike. The company reported grades of 3.18% copper over 3.67 metres,2.85% copper over 3.97 metres and 3.24% copper over 2.68 metres below the existing workings in the NE section of the project. Edmonton-based Altiplano drilled a total of 20 holes at Farellon for a cumulative 3,634 metres. All holes have intersected the mineralized vein system at depths of up to 24 metres below the current 360 metre operational level and along the NE-SW strike extensions.
Railtown AI Technologies Inc announced that Vivos Solutions, a provider of cloud data management solutions for educational institutions, has chosen Railtown's AI application to help monitor, analyze and prioritize its errors and issues in real-time. “We are thrilled to be working with Vivos and assisting them in their mission to provide best in class data management solutions for education,” Railtown AI Technologies CEO Cory Brandolini said in a statement. Vivos Solutions co-founder Khalid Ansari also commented, stating: “Using railtown.ai, we have improved the quality of and confidence in our code.”
Vicinity Motor Corp has announced a new collaboration with Proterra Inc, a leading innovator in commercial vehicle electrification technology, to power its electric transit buses and work trucks with its industry-leading battery technology. Under a new, multi-year supply agreement, Vancouver-based Vicinity said the Proterra battery systems will power its Vicinity Lightning 28-foot electric transit bus and its strip chassis platform to support several commercial vehicle configurations such as utility trucks, shuttle buses, and box trucks. The agreement is also expected to support its next-generation heavy-duty electric transit bus as well as the VMC 1200 Class 3 work truck and VMC 1500 Class 5 work truck with Proterra battery systems, Vicinity added.
American Battery Technology Company (OTCQB:ABML), a critical minerals manufacturing and lithium-ion battery recycling company, said it has completed drilling of its first set of several sampling locations and submitted the subsurface samples collected from its Tonopah Flats Lithium Exploration Project for high throughput screening analysis. The Reno, Nevada-based company said the samples were collected from the initial secured 305 lode mining claims, located in Big Smoky Valley near Tonopah, Nevada. “We’re proud of how quickly and efficiently our Resources team has been able to develop and execute this initial exploration drilling and sampling effort, and we’re excited to begin analyzing the characterization results from these initial samples,” the company’s CEO Ryan Melsert said in a statement.
Manganese X Energy Corp (TSX-V:MN, OTCQB:MNXXF) said its wholly-owned subsidiary Disruptive Battery Corp, together with US joint venture partner PureBiotic AIR Corp, continues to advance the certification and regulatory registrations of its products. In a statement, Manganese X Energy CEO Martin Kepman said: "We continue to evolve our misting solution for the mitigation of pathogens, including coronavirus (COVID-19). Research is showing positive efficacy. We are now moving towards additional certifications, including applying for US Food and Drug Administration (FDA) approval."
CLS Holdings USA (CSE:CLSH, OTCQB:CLSH) Inc posted 10% growth in fiscal 2Q 2022 revenue at $5.4 million as its City Trees branded products continued to be in high demand. The firm’s 2Q revenue growth – up from the $4.9 million it posted in the comparable year-ago quarter – was largely driven by the success of City Trees, which saw a 55% sales increase over last year’s levels. During the three-month period to end November 30, 2021, CLS posted a gross profit margin of over 50% for the quarter and a 4% increase in quarter-over-quarter revenue for fiscal 2022.
Australis Capital Inc (CSE:AUSA, OTCQB:AUSAF), doing business as Audacious, said it has completed the acquisition of Lo͞oS, a cannabinoid-infused shot beverage company, based in Santa Cruz, California. The Las Vegas-based company said it can now go ahead and significantly ramp up production and marketing initiatives with retail and delivery partners across California to meet growing demand. "Lo͞oS is another example of how brands with strong value propositions will attract a growing audience,” Audacious CEO Terry Booth said in a statement. “I am very proud of how well the Lo͞oS brand resonates with the discerning Californian cannabis community, as reflected by our last production runs selling out in short order," he added.
Metal Energy Corp announces that Mike Sweeny has been appointed the company's vice president, Exploration & Development. The company noted that Sweeney is a professional geologist with over 30 years of experience and a strong focus on nickel, copper and platinum group element (Ni-Cu-PGE) minerals systems. Previously he held various positions, including Senior Geologist, for numerous underground and surface exploration programs with Falconbridge-Xstrata-Glencore. In a statement, James Sykes, CEO of Metal Energy commented: "We are very excited to have Mike join Metal Energy as Vice President, Exploration & Development, as his long-standing career spanning 30 years showcases numerous successes through the discovery of many nickel deposits and helping lead them into production."
Nova Royalty Corp has announced that Greg DiTomaso has agreed to join the company as vice president, Investor Relations. The company noted that DiTomaso has over 14 years of investor relations and strategic communications experience, predominantly in the mining and energy sectors. In a statement, Alex Tsukernik, Nova’s president and CEO, commented: “On behalf of Nova, I would like to welcome Greg to our executive leadership team. Greg is a skilled investor relations professional with significant mining sector experience. We are confident that he will contribute to Nova’s ongoing growth and help communicate our unique value proposition to the investment community as we work to expand our high-quality, long-lived portfolio of royalties on the next generation of the world’s major copper and nickel projects.”
Thunderbird Entertainment Group Inc (TSX-V:TBRD, OTCQX:THBRF) announced it has appointed Jérôme Levy to its board of directors as the newest independent member, effective January 13, 2022. The company said the appointment of Levy furthers the strategic alignment of its board and management team to become the next major global studio under the guidance of seasoned media and industry experts. "He offers a tremendous wealth of media and entertainment industry operating, investment banking and capital markets knowledge, which will enhance our board as we collectively support Thunderbird’s execution of the company’s long-term growth plan,” interim board chair Marni Wieshofer said in a statement. "I had the privilege of partnering with Jérôme at MESA and Houlihan Lokey (NYSE:HLI) (Houlihan Lokey (NYSE:HLI)) and I am thrilled to be working with him again.”
CytoDyn Inc said it has canceled its webcast scheduled for today, Thursday, January 13, 2022, and will provide an update at a future date.
Globex Mining Enterprises Inc has provided an update on exploration by Radisson Mining Resources (TSX-V:RDS) Inc on Globex’s Kewagama Royalty Property near Cadillac, Quebec. In a recent press release, Globex noted that Radisson reported multiple high-grade gold intersections in what it called the #4 Trend which is entirely within the company's Kewagama royalty claims and additional high-grade gold intersections in the #3 Trend which is largely on Globex’s Kewagama royalty claims as the #3 Trend plunges to the east onto said royalty claims. Globex suggested that its shareholders consult figure 3 in the Radisson release - https://www.radissonmining.com/press-releases/high-grade-obrien-1200m-old-mine/ - which it said graphicly provides a good visual understanding of their current drill results and the potential of future drill intersections currently out for assay, many with reported visible gold on Globex’s Kewagama royalty claims.
Clean Air Metals Inc (TSX-V:AIR, OTCQB:CLRMF) said it has filed a technical report detailing the Preliminary Economic Assessment (PEA) of the Thunder Bay North Project near Thunder Bay, Ontario. The technical report was independently prepared for Clean Air Metals by Nordmin Engineering Ltd. The report, titled "NI 43-101 TECHNICAL REPORT AND PRELIMINARY ECONOMIC ASSESSMENT FOR THE THUNDER BAY NORTH PROJECT, THUNDER BAY, ONTARIO" has been filed on the company's profile on SEDAR at www.sedar.com as of January 13, 2022, and is also available on Clean Air Metals' website at www.cleanairmetals.ca. Further to its news release on December 1, 2021, the company also advised of a change in the calculation of the future post-tax treatment used for the PEA. As a result of amended assumptions regarding resource capital pools, application of Ontario Mining Tax, federal and provincial corporate tax, the post-tax IRR is amended to 25.2%, post-tax NPV5 is amended to C$293 million and the post-tax payback period is amended to 2.6 years. Original pre-tax operating assumptions and PEA project fundamentals have not changed.
Plurilock Security Inc said it has now received conditional approval from the TSX Venture Exchange (TSXV) to the online marketing agreement with AGORA Internet Relations Corp announced on December 30, 2021. In connection with the services provided by AGORA under the AGORA agreement, the company has issued 53,809 common shares of the company at a deemed price of $0.42 per share to AGORA as the first installment payment of $20,000 plus applicable taxes.
AMPD Ventures Inc has announced that, subject to regulatory approval, it has retained Red Cloud Securities to provide market-making services to the company in compliance with the policies and guidelines of the Canadian Securities Exchange (CSE) and other applicable legislation. Red Cloud is a Toronto-based financial services company that provides assistance to Companies in accessing capital markets and enhancing their corporate profile. Red Cloud will trade shares of AMPD Ventures Inc. on the CSE for the purposes of maintaining a reasonable market and improving the liquidity of AMPD common shares. Under the agreement, the company will pay Red Cloud $5,000 per month during the term, payable quarterly in advance. The term of engagement is ongoing and may be terminated by either party on 30 days' prior written notice.
Harbor Custom Development Inc has said it will present virtually to the investment community via webcast at the Sidoti & Company Virtual Small Cap Conference on Thursday, January 20, 2022, at 12.15pm EDT. The live broadcast of the presentation may be accessed under the events and presentations section of Harbor Custom Development’s investor website at https://investors.harborcustomhomes.com.
Water Tower Research has published an update note on XpresSpa Group which can be accessed via the following link: https://www.watertowerresearch.com/content/company-announces-better-than-expected-preliminary-2021-revenues-and-strategic-acquisition-of-hyperpointe/teaser?utm_campaign=elts&utm_medium=social&utm_source=social
OTC Markets Group Inc, the operator of financial markets for over 11,000 US and global securities, announced that AVZ Minerals Limited, a mineral exploration company, has qualified to trade on the OTCQX Best Market and has upgraded today from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. AVZ Minerals managing director, Nigel Ferguson, said: “AVZ Minerals has long recognised the opportunities provided by the North American capital markets and with a burgeoning interest in the global lithium sector, the Company’s majority-owned Manono Lithium and Tin Project is generating significant investor interest, We believe AVZ’s admission to the OTCQX Best Market will benefit all of our shareholders, enhancing the visibility and accessibility of the Company to US investors, allowing the Company to efficiently grow its North American shareholder base”.