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NA Proactive news snapshot: LQwD FinTech, Mason Graphite, Montero Mining and Exploration, NioCorp Developments UPDATE ...

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

LQwD FinTech Corp announced the strategic deployment of additional European routing nodes for the Bitcoin Lightning Network (LN). The company said its European routing nodes now include Italy, Ireland, Sweden, France, England, and Germany -- with Europe now containing about 43% of all LN nodes, second only to North America.

Mason Graphite Inc (TSX-V:LLG, OTCQX:MGPHF) said it has appointed Carmelo Marelli as the company’s new chief financial officer. In a statement, the company said Marrelli is the principal of the Marrelli Group -- which has been delivering accounting, corporate secretarial, and regulatory compliance services to listed companies on various exchanges for more than 20 years. Mason Graphite noted that Marrelli acts as the CFO to several issuers on the TSX, TSX Venture Exchange, and the Canadian Securities Exchange, as well as non-listed companies. He’s also a director of select issuers.

Montero Mining and Exploration Ltd (TSX-V:MON) announced that it has finalized the regulatory process for 200.8 square kilometres (km2) of exploration concessions, as it continues to consolidate its property holdings at the Avispa copper molybdenum project in Chile. The company said the concessions include the original Avispa and recently-awarded Abeja exploration concessions that were registered in 2021. “With advancement of the regulatory process Montero will control a significant land package in this world class porphyry copper district,” Montero Mining and Exploration CEO Tony Harwood said in a statement.

NioCorp Developments Ltd has announced a significant advance in its ongoing process optimization and rare earth recovery test work being conducted for the Elk Creek Superalloy Materials project by L3 Process Development. NioCorp said L3 has conducted bench-scale testing at its facility in Quebec to optimize the project's current processing flowsheet and demonstrate that NioCorp can recover and produce high purity rare earth elements, such as neodymium-praseodymium, dysprosium, and terbium, in addition to the niobium, scandium, and titanium products already planned for production by the company -- once project financing is secured. L3's bench-scale testing recently succeeded in showing the promise of a much more efficient process for recovering niobium and titanium from Elk Creek ore following the leaching and acid baking steps in the current flowsheet. Among other things, the process removes iron earlier in the process.

Imperial Helium Corp (TSX-V:IHC, OTCQB:IMPHF) has received plaudits from analyst firms Eight Capital and Auctus Advisors after the company released positive test flow results from its IHC-Steveville-3 well earlier in March. Tests conducted by IHS Markit calculated an absolute open flow rate of 13.3 million cubic feet of gas per day (mmcf/d), and the capability of sustaining production rates of 2.5 mmcf/d for three years before decline. Eight Capital analysts called the results “positive” as the two production test results from the Blow Out Zone (BOZ) and Sub-Salt Zone (SSZ) confirm the capacity of the reservoir to supply a 10 MMcf/d gas facility.

Goldmining Inc has acquired an existing 1% net smelter return (NSR) royalty on the company's Yarumalito project in Colombia from Newrange Gold Corp. (TSX-V:NRG, OTCQB:NRGOF) Under the agreement, the company paid Newrange $100,000 in cash and delivered 10,000 common shares of the company. Alastair Still, chief executive officer of Goldmining, commented: "Yarumalito was acquired by the company in 2019 as part of a strategic consolidation of three projects in the Mid Cauca belt of Colombia that form a district-scale property package in one of the underexplored gold-copper belts in the world. By acquiring this royalty, Goldmining provides additional optionality for future exploration, joint ventures or value-enhancing transactions as we continue our disciplined approach of unlocking value from our portfolio of gold and gold-copper projects located throughout the Americas."

Numinus Wellness Inc announced that its research lab, Numinus Bioscience, has been approved by the Public Health Agency of Canada for a containment level 2 (CL2) pathogens and toxins license, following the upgrading of the facility. The addition will contribute novel data on natural psychedelics, presenting additional intellectual property (IP) opportunities and another revenue driver through contract research services, the Vancouver, British Columbia-based company said. "With this new license, Numinus is more committed than ever to advancing psychedelic research from theory to practice," said Payton Nyquvest, CEO of Numinus in a statement. "By investigating optimal growth, bioavailability and pharmacokinetics, we are moving closer to developing therapeutics at scale to support accessible psychedelic-assisted therapy."

GameSquare Esports Inc said its subsidiary Complexity Gaming, one of North America’s longest-standing esports organizations, has extended its partnership with beer brand Miller Lite to develop a limited-edition merchandise capsule and expand the scope of its current content offering. The partnership will also see a renewed focus on supporting and amplifying minority voices in gaming, the company said. “Our relationship with Miller Lite has continued to grow organically well into year three of this partnership,” said Bee Yancey, senior director of partnerships at Complexity Gaming in a statement. “We’ve had great success with Miller Lite creating engaging content and brand activations and look forward to expanding further into merchandise and developing positive social initiatives for the gaming ecosystem.”

TraceSafe Inc, a leader in location-aware Internet of Things (IoT) platforms, has announced a partnership with Sixth Wave Innovations, a nanotechnology company that provides extraction and detection of target substances like viruses at the molecular level with significant advantages in speed, cost, and accuracy. Halifax, Nova Scotia-based Sixth Wave’s technology uses patented Molecularly Imprinted Polymers (MIPs) for imprinting, capturing, and detecting substances at the molecular level, providing effective and proactive prevention and containment strategy for deadly viruses and pathogens in animals. TraceSafe said that the two Canadian companies are joining forces to work on a first-of-its-kind solution that constantly monitors for pathogens and “provides real-time updates across the entire food supply chain.”

Champion Gaming (TSX-V:WAGR) Group Inc announced that it has hired Web3 and non-fungible token (NFT) firm Long Lost Friends to assist it in developing and implementing a metaverse and NFT strategy. The company said it has been identifying actionable opportunities in the metaverse, NFT and crypto space for itself and its two principal brands, Football Outsiders and EdjSports, and expects Long Lost Friends will assist in building the roadmap and strategic materials necessary to execute on these opportunities. “By combining our company's industry-leading sports wagering-focused content, data and analytics with this new and limitless virtual world, we will empower our customers to harness next-generation strategies, tools and technologies to inhabit virtual worlds for all of their sports wagering and fantasy sports activities,” Champion Gaming (TSX-V:WAGR) Group CEO Ken Hershman said in a statement.

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has issued a further operational update about the drilling of its next scheduled well (RCE-2) at the Rio Cravo Este Field (Tapir Block) in Colombia. The company said the Lee C. Moore 1,500 HP unit with a 500 ton top drive is currently being mobilized to the RCE-2 drilling location. A minor delay with rig scheduling has been overcome and the partners on the Tapir Block now expect the RCE-2 well to spud in late-March 2022. “Major gating items, including the acquisition of tubulars and pumps, the mobilization of trucks, the completion of civil works, and the community socialization process have been completed,” Arrow said In a statement.

FPX Nickel Corp (TSX-V:FPX) has announced results of the summer 2021 infill drilling program at the Baptiste Project at the company's wholly-owned Decar nickel district in central British Columbia. The company said the results are highlighted by hole 21BAP073, which returned the third-highest grading broad interval of near-surface nickel mineralization in the project's history. "We are very pleased to see that the 2021 drill results validated the 2020 PEA block model, while continuing to showcase very strong, near-surface DTR Davis Tube magnetically-recovered nickel grades in the Baptiste starter pit area," said Martin Turenne, FPX CEO

Clean Air Metals Inc (TSX-V:AIR, OTCQB:CLRMF) has announced new appointments to underscore its commitment to sustainable mining at its flagship high-grade polymetallic Thunder Bay North Project in Ontario, Canada. Kris Tuuttila has been appointed as director of Sustainability, Permitting and Community Relations, while Dr Geoff Heggie has been promoted to vice president-exploration, the company said. At the same time, the company has initiated a search for a chief operating officer to lead the technical studies to advance the Thunder Bay North Project towards execution. The COO’s immediate priorities will include pre-feasibility level metallurgical optimization as well as investigate options to achieve net zero emissions related to the onset of feasibility studies at the project. "Following the company's recent $12.5 million financing, these executive appointments signal the company's commitment to sustainable mine development at the Thunder Bay North Project. The project features a rare combination of peer-leading platinum, palladium, copper and nickel grades, proximity to infrastructure and skilled workforce and relatively low initial capital intensity,” Clean Air Metals CEO Abraham Drost said in a statement.

Golden Shield Resources (CSE:GSRI) Inc has revealed new drill results from the prospective Mazoa Hill target on its Marudi Mountain project in southern Guyana. The results confirmed high-grade, continuous mineralization at the target, Vancouver-based Golden Shield said. Highlights from the final four holes of a seven-hole program include 50 metres at a grade of 9.10 grams per ton (g/t) gold. Golden Shield said it interprets a deeper zone of 12 metres grading 5.47 g/t gold to represent a downdip continuation of the high-grade intersection from another of the seven assay results released earlier in March. The deeper four intersections in the hole are outside the historical resource, it added.

GreenBank Capital Inc (CSE:GBC) said it has exited investments in three non-core portfolio companies, namely Reliable Stock Transfer Inc, Inside Bay Street and The Lonsdale Group as it continues to streamline its investment portfolio. GreenBank said it has agreed to sell its 10% stake in Reliable, a Toronto-based small-cap transfer agency, for C$225,000 to Zara Wettreich, an insider of GreenBank who is also currently the 90% controlling shareholder of Reliable. Separately, GreenBank said it has agreed to sell its 19% interest in Inside Bay Street, a Toronto-based financial news communications company, in exchange for $4,045, an amount equal to the outstanding debt that GreenBank owed to Inside Bay Street, a company with minimal identifiable assets. Additionally, GreenBank said it has agreed to sell its 10% interest in The Lonsdale Group LLC, a Dallas, Texas-based private equity company focused on small-cap Investments to David Lonsdale in exchange for 114,937 common shares of GreenBank Capital and 163,384 common shares of Ubique Minerals. GreenBank intends to return the 114,937 shares of GreenBank common stock back to its treasury, thus reducing the total number of Greenbank's issued and outstanding shares.

Vanstar Mining Resources Inc (TSX-V:VSR, OTCQX:VMNGF) has announced that it has struck a definitive option agreement with IAMGOLD Corporation for the Bousquet-Odyno gold project, directly south of Highway 117 between the towns of Rouyn-Noranda and Malartic, in Quebec. Under the terms of the agreement, IAMGOLD has granted the Montreal, Quebec-based Vanstar an option to earn up to a 75% interest in the property, which is comprised of 37 contiguous mining claims covering roughly 1,492 hectares (ha). The terms are like those contained in the letter of intent, and state that Vanstar has the option to complete as operator a minimum of $4 million in exploration expenditures over four years and will have the right to earn up to a 75% interest in the property.

Electra Battery Materials Corporation (TSX-V:ELBM, OTCQX:ELBMF) said that drill results to the west of its Iron Creek cobalt-copper project have successfully extended mineralization by 130 meters (m) along strike and by 110m at depth. "Drill results from the western side of the deposit confirm that we have continuity of mineralization in an area that has been historically underexplored," said Dan Pace, principal geologist, in a statement. "The extension of mineralization at depth was expected though the high-grade cobalt intercepts in this copper-rich area of the deposit are a nice surprise and lends support to the view that cobalt is not confined to the east and that we could identify new high-grade cobalt lenses with further drilling west and at depth."

ESE Entertainment Inc said it has been selected as a Gold Winner in the 2022 Muse Creative Awards for its work on the SkillzVault by Bitcoin Vault project, which was organized in 2021 in Asia and South America. A list of Season 1 winners for the 2022 MUSE Creative and Design Awards has been officially released by the award’s host, the International Awards Associate (IAA). Having received over 6,000 entries from all over the globe, the MUSE Creative Awards and MUSE Design Awards are two leading award programs created to honour creative and design professionals for their excellence. ESE said it was selected as a 2022 Gold Winner under the Social Media - Financial Services category of the competition. The work that landed ESE this award was created for Bitcoin Vault's esports and gaming talent show called SkillzVault. ESE was responsible for the production and infrastructure of the show, including the development of the project concept, media plan, technology implementation, marketing, and overall campaign roll-out. VYRAL Producer of Gaming Projects, Converters and Next Level Agency were the other partner involved in the project.

Platinex Inc has announced the appointment of Sam Kiri to the company's board of directors, where he will chair the audit committee. Kiri has over 20 years' capital markets and asset management experience in North America, Europe, and the Pacific Rim, with a primary focus on the mining and energy sectors. He replaces Graham Warren on the board. Warren will continue in his role as chief financial officer, Platinex noted. "I would like to welcome Sam to the board of directors, where his multi-disciplinary experience in the capital markets, gold equities and battery metals industries will assist in advancing the company's 100%-owned district-scale projects in Ontario, including the Shining Tree Gold project and the recently acquired W2 Cu-Ni-PGE project in the Ring of Fire," said Platinex CEO Greg Ferron in a statement.

Helix BioPharma Corp said it has closed a private placement financing for gross proceeds of $1,001,000 from the issuance of 3,850,000 common shares at a price of $0.26 each. The company said it intends to use the net proceeds of the private placement for working capital and advancing its L-DOS47 drug development program. Helix BioPharma noted that Jerzy Wilczewski, an insider of the company, subscribed for all 3,850,000 of the common shares issued under the private placement. As a result of the closing of the private placement, Wilczewski owns, or exercises control or direction over, 23,467,153 common shares, representing approximately 15.94% of the issued and outstanding common shares of the company on a non-diluted basis, or approximately 24.95% on a partially diluted basis, assuming the full exercise of the 17,659,500 common share purchase warrants that Wilczewski owns or exercises control or direction over. In a statement, Wilczewski commented: "I strongly believe in the new strategy and look forward to further advancements of the company's L-DOS47 drug platform." "We are very appreciative of Mr Wilczewski's continued support," added Dr Slawomir Majewski, Helix's interim chief executive officer. Helix BioPharma also announced that it has applied to the Toronto Stock Exchange (TSX) to introduce an Incentive Plan to temporarily reduce the exercise price of its issued and outstanding common share purchase warrants that are not held by insiders of the company, or non-arm's length parties, including all such warrants expiring on March 31, 2022, to May 12, 2026, from their current respective exercise prices to a reduced exercise price of $0.26.

Pathfinder Ventures (TSX-V:RV) Inc announced that it has qualified for trading on the OTCQB Venture Market, operated by the OTC Markets Group Inc, under the symbol RVRVF in the United States. The corporation also announced its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States. Pathfinder common shares will continue to trade on the TSX Venture Exchange under the symbol RV. "Having our company listed on the OTCQB is an exciting first step to provide easier access and trading capability in our shares for both institutional and retail investors in the United States. Along with our DTC eligibility, this will contribute to our strategy of enhancing our share liquidity and broaden the reach and awareness of our growth in the RV camping and storage industry", said Joe Bleackley, founder & CEO of Pathfinder Ventures (TSX-V:RV).

Vejii Holdings (CSE:VEJI, OTCQB:VEJIF) Ltd has announced that subject to the approval of the Canadian Securities Exchange (CSE), it intends to consolidate its issued share capital on the basis of one new common share without par value for every four existing common shares without par value. No fractional shares will be issued in connection with the share consolidation and any fractional shares arising comprising less than one-half of one share will be deemed to have been tendered by the shareholder to the company by way of gift and for cancellation and returned to the authorized but unissued share structure and any fractional shares arising upon the share consolidation comprising greater than or equal to one-half of one share will be converted into one whole share. The company anticipates the effective date of the share consolidation will be March 28, 2022. Following the consolidation, the company intends to apply to the CSE for the repricing of certain of its outstanding common share purchase warrants. The warrant repricing remain subject to approval of the CSE.

Empower Clinics Inc announced that Yoshi Tyler will no longer serve as president of Kai Medical Laboratory, LLC effective immediately. "On behalf of the Company, I would like to thank Ms. Tyler for her contributions to the Company and we wish her all the best in her future endeavors," stated Steven McAuley, chairman and CEO of Empower Clinics. A further announcement will be made once the company appoints its new leadership structure at Kai Medical.

MedX Health Corp. (TSX-V:MDX) says it is making an application to the TSX-V for acceptance of the proposed extension of the expiration dates of a series of warrants issued in April/May 2020 in connection with a private placement completed at that time. Subject to, and conditional on acceptance by the TSX-V, the company will extend the expiration dates of a total of 14,995,472 share purchase warrants and 569,760 brokers warrants from their respective Expiration dates of April 22, 27 and 29 and May 13, 2022, to December 31, 2023. Each of the warrants is exercisable to purchase one common share from the treasury of MedX at $0.20, and each of the brokers warrants is exercisable to purchase a broker's unit from the company at $0.12, with each brokers unit comprising one common share and one share purchase warrant exercisable to purchase one additional common share at $0.20.

Tocvan Ventures Corp has announced that the offering price of its previously announced non-brokered private placement has been amended to $0.75 per Unit. All other terms and conditions of the private placement remain the same as disclosed in the company's news release dated February 16, 2022.

Fidelity Minerals Corp said it has granted an aggregate of 4,225,000 incentive stock options to certain directors, officers and consultants of the company under the company's previously approved Stock Option Plan. The options are exercisable at a price of $0.11 per share for a period of 5 years.

Co-Diagnostics (NASDAQ:CODX) Inc has announced that it will release its fourth quarter and full-year 2021 results on Thursday, March 24, 2022, after the market close. The company will also host a conference call and webcast on the same day at 4.30pm EDT to discuss its financial results with analysts and institutional investors. Management on the call will include Dwight Egan, CEO, Brian Brown, CFO, and Andrew Benson, head of Investor Relations. The call and webcast will be available via: Webcast at ir.codiagnostics.com on the Events & Webcasts page; Conference Call at 877-317-6789 (domestic) or 412-317-6789 (international). If investors are unable to participate during the live webcast, the call will be recorded and later made available on the company's website.

Vicinity Motor Corp has announced that it will release financial results for the fourth quarter ended December 31, 2021, before the market open on Wednesday, March 30, 2022. Management will host an investor conference call at 8.30am Eastern time on Wednesday, March 30, 2022, to discuss the financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, investors can use the following information: US/Canada Dial-in: 1-877-300-8521; International Dial-in: 1-412-317-6026; Conference ID: 10164603; Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1536513&tp_key=cc4fa60105. A playback of the call will be available through Saturday, April 30, 2022. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally. Please use the replay pin number 10164603. A webcast will also be available by clicking here: https://viavid.webcasts.com/starthere.jsp?ei=1536513&tp_key=cc4fa60105

CareRx Corporation (TSX:CRRX) has announced it will host a conference call, including a slide presentation, to discuss its fourth quarter and year-end 2021 financial results on Friday, March 18, 2022, at 8.30am Eastern Time. The company expects to report its fourth quarter and year-end 2021 financial results via news release after market close on Thursday, March 17, 2022. To access the conference call by telephone, dial 416-764-8659 or 1-888-664-6392. A live webcast of the conference call, including the slide presentation, will be available on the Events and Presentations page of the Investors section of the company's website at https://carerx.ca/presentations/. To view the webcast presentation with slides, please choose either the Real Streaming Audio or Windows Streaming Audio option. The webcast with slide presentation will be archived for 90 days on the same website page.

Virtual Investor Conferences, the leading proprietary investor conference series, has announced that the presentations from the March 10, 2022, Life Sciences Investor Forum are now available for on-demand viewing via the following link: https://bit.ly/3hVNWhL. The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download shareholder materials from the company's resource section. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. To view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

OTC Markets Group Inc, the operator of financial markets for 12,000 US and global securities, has announced that Western Exploration Inc, a Nevada-focused precious metals exploration company, has been qualified to trade on the OTCQX Best Market, with its shares set to begin trading today, March 14, 2022, under the symbol WEXPF. Prior to upgrading to the OTCQX, Western Exploration's shares were previously quoted on the Pink Market under the symbol PMMD". Western Exploration's shares are also listed and posted for trading on the TSX Venture Exchange under the symbol WEX. Trading on the OTCQX Market offers companies efficient, cost-effective access to the US capital markets. 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. Darcy Marud, chief executive officer of Western Exploration, commented: "Obtaining a quotation on OTCQX Best Market has been planned as an integral part of our 'go-public' transaction completed in January 2022. We are confident that the wider visibility amongst the investment community will strengthen shareholder value and enable Western Exploration to continue on the path of accomplishing our corporate objectives."

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The Markets
by Proactive
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