Zacks Small-Cap Research has started covering ION Energy Ltd - the largest lithium exploration license holder in Mongolia - as the fundamentals of the market remain strong driven by electric vehicles (EVs). "Not only has the lithium mining industry consolidated through mergers and acquisition, but also corporate consumers of lithium have bought upstream assets in order to secure supply," noted Zacks analysts, adding that the pool of "quality, prospective lithium projects" was dwindling. Zacks values the early stage explorer ION Energy such that it has a target price of $0.48 per share (current price: $0.39) on the company.
Lion Copper and Gold Corp (TSX-V:LEO, OTCQB:LCGMF) said it has entered into an option to earn-in agreement with Rio Tinto PLC (LSE:RIO) subsidiary, Rio Tinto America Inc to advance studies and exploration at Lion's copper assets in Mason Valley, Nevada. The company said Rio Tinto has the option to earn a 65% interest in the assets, which includes the historic Yerington mine, greenfield MacArthur project, Wassuk property, the Bear deposit, and associated water rights. “The agreement offers the potential to both increase the scope and scale of our development and accelerate the path to first production,” Lion Copper and Gold CEO Travis Naugle said in a statement. “Should Rio Tinto exercise its earn-in option, we are confident that it will bring its own level of quality to progress the development of the Mining Assets towards becoming a strategic domestic copper producer with the highest ESG (Environmental, Social, and Governance) standards and performance,” Naugle added.
Aftermath Silver (TSX-V:AAG) Ltd has provided an update on progress at its Berenguela silver-copper-manganese (Ag-Cu-Mn) project in southern Peru. The company has an option to acquire a 100% interest in the project through a binding agreement with SSR Mining. Aftermath said it is currently drilling at Berenguela and planning to advance the project through a pre-feasibility study. In a statement, the company said its drill program at Berenguela continues to progress well. As of March 20, 2022, the team has completed 39 diamond core holes for a total of roughly 3,680 meters (m) of drilling.
Belmont Resources Inc (TSX-V:BEA) has said it is poised for drilling to start at its Come By Chance (CBC) copper-gold project in the prolific Greenwood mining district in British Columbia in March this year, as the firm also revealed a strategic investment by Australia-listed Marquee Resources Ltd (ASX:MQR). The company has hired Hardrock Drilling for the planned 2,000 metre (m) diamond drill campaign, expected to kick off on March 28. "With a 5 year drill permit and financing in place, we are excited to be able to move forward with our initial drill program at CBC," Belmont's CEO George Sookochoff told investors in a statement. "Along with the current drilling program on our Lone Star property 10kms to the south, we will now have two separate ongoing drill programs generating news for our investors, with a third drill program to be announced soon. 2022 will indeed be a very busy and exciting year for Belmont and our shareholders."
Globex Mining Enterprises Inc revealed that it has expanded its royalty interests in Quebec on a large and prospective claims package. The resource company said it has acquired a 0.5% gross metal royalty (GMR) on the claims through a deal with First Energy Metals Ltd and a group of prospectors. Under the terms of the deal, Globex sold 18 claims to First Energy for $30,000 and 375,000 shares.
Los Andes Copper Ltd (TSX-V:LA) has announced a plan to temporarily suspend drilling at the Minera Vizcachitas project in Chile. In a statement, the company noted that on March 18, 2022, the Second Environmental Court decreed a preliminary injunction to suspend the effects of Resolution No. 14 of 2021 environmental license for the drilling project. The court injunction relates to the potential impact on the habitat of the vizcachas, a small rabbit, which is part of the food chain of the Andean Cat, a protected species. In response to the court order, the company has initiated the process of safety as it suspends the drilling operations.
Canaccord Genuity (TSX:CF, LSE:CF) and Stifel GMP are both forecasting strong revenue growth for Canadian healthcare firm CareRx Corporation (TSX:CRRX) after it posted its most recent quarterly results. The Toronto-based provider of pharmacy services to senior living communities reported revenue of C$96.9 million, compared to C$46.4 million in the fourth quarter of 2020. Excluding $1.1 million in non-recurring costs, the company logged C$8.7 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter. Stifel GMP noted that the company's 4Q 21 revenue figure came in ahead of street expectations of C$94 million.
Gevo Inc (NASDAQ:GEVO) and oneworld Alliance, a network of world-class airlines, have announced that certain oneworld members plan to purchase up to 200 million gallons per year of sustainable aviation fuel (SAF) from Gevo. The delivery of the SAF is expected to commence in 2027 for a five-year term, as oneworld members Alaska Airlines, American Airlines, British Airways, Finnair, Japan Airlines, and Qatar Airways expect to utilize Gevo’s SAF for their operations in California -- including San Diego, San Francisco, San Jose, and Los Angeles airports. Gevo said that one member has already executed a binding fuel sales agreement whereby the company expects to produce and sell 30 million gallons per year of SAF in support of the oneworld Alliance SAF purchase goal.
Wellbeing Digital Sciences (NEO:MEDI.AQN, OTCQB:KONEF) Inc announced that its wholly-owned subsidiary, KGK Science Inc has been engaged by Lophos Pharmaceuticals Inc to evaluate a path to market for sustainably grown, peyote-derived natural health products (NHPs). The peyote cactus has legal status in Canada, but mescaline – the drug derived from the plant – remains a Schedule 3 controlled substance. With a focus on NHPs, potential paths to market will be evaluated based on the safety and sanitary requirements, quality specifications for peyote-derived inputs, and permissible label claims for packaging and sales. “We are very excited to engage with Lophos. Peyote and mescaline in general are currently underrepresented in the psychedelic medicine sector, given their traditional medicinal uses," Najla Guthrie, president and CEO of KGK said in a statement.
Thesis Gold Inc (TSX-V:TAU) has announced the discovery of a new gold system at the Thesis II zone at its wholly-owned Ranch project in the 'Golden Horseshoe' of British Columbia (BC). The new south zone was uncovered by three holes in the company's inaugural drill program last year, around 40 metres (m) southwest from the main zone at Thesis II. It boasts a strike length of over 50m, has been hit up to 100 vertical metres from surface, is over 20m wide, and is open in all directions. "This second recent discovery within the Thesis Structural Corridor demonstrates the opportunity that exists to make additional discoveries within this fertile area and continue expanding on known zones of mineralization," said Ewan Webster, CEO of Thesis Gold in a statement. "Our ongoing drill campaign is currently following up on these discoveries and we look forward to sharing those results as they become available," he added.
Australis Capital Inc (CSE:AUSA, OTCQB:AUSAF) - dba Audacious - has announced a new partnership with Thailand’s Golden Triangle Health to open the first Herbidus Medical Center in Bangkok, and the first medical cannabis clinic in Southeast Asia that is supported by a US multistate operator. Herbidus can prescribe cannabis for medical purposes using government-approved medicine and staffed by doctors, Audacious said. CEO Terry Booth told investors that interest in medical cannabis is expanding rapidly in Thailand.
Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQB:PNXLF) said it has begun advanced geophysical imaging surveys at its Rincon West lithium project in Argentina. The company said the deep-seeing Transient Electromagnetic (TEM) Sounding survey will image the sub-surface of the basin, and facilitate target definition for the follow-up drilling program planned for the second quarter of 2022. “Acquiring advanced sub-surface resistivity data at the Rincon West Project will provide vital information on the lithium potential and extent of brine within the property,” Argentina Lithium & Energy CEO Nikolaos Cacos said in a statement. “With these data in hand, we expect to quickly move to drill testing the project to validate the targets, and to assess grade and estimates of brine content of the host formations,” Cacos added.
Pathfinder Ventures (TSX-V:RV) Inc has updated on its previously announced acquisition of private recreational vehicle (RV) and self-storage group Black Sheep Income Corp (BSIC), saying the latter's Penticton storage location in British Columbia (BC) was now operating at full capacity. In the last six months, occupancy of the storage units has been over 95% and Pathfinder plans to add a further 2,800 square feet (sq ft) of rentable storage, the firm also highlighted. BSIC acquired the Penticton RV and self-storage location two years ago and has consistently improved revenues and net operating income since. "BSIC was attracted to the specialized container-based storage model given the reduced infrastructure costs versus traditional storage and the flexibility the containers provide," said Pathfinder. "The custom-built storage containers may be deconstructed, flat packed, and shipped to different sites allowing BSIC to maximise flexibility for both demand among its sites and to maximize land value."
Magna Mining Inc (TSX-V:NICU) said it has commissioned a second drill rig to accelerate exploration drilling at previously identified regional targets on the Shakespeare Nickel project in Ontario. The second rig was moved to site early this month, and recently began drilling at the company's Spanish River Mine option, located 1 kilometer (km) south-west of the recent P-4 nickel discovery. Spanish River was previously in production as an underground copper-cobalt-gold-silver (Cu-Co-Au-Ag) operation until 1970, and the current drill program is the first diamond drilling program since the mine closed. Magna Mining said the first drill rig of the 2022 drill program started in January and is currently drilling the P-4 Nickel target, which was discovered during the 2021 regional exploration drill program.
Codebase Ventures Inc said it has rebranded as Cypher Metaverse Inc (CSE:CODE, OTCQB:BKLLF) to better represent its updated investment thesis. The company said it has been working to identify key early-stage investments including those within the decentralized finance (DeFi) and Metaverse ecosystems and decided on an identity that aligns with those investments. The company identifies such opportunities and applies its relationships and capital to advance its interests. Cypher said it has begun accumulating key investments in some of the largest DeFi protocols in the ecosystem. With these investments, the company anticipates the ability to profit, and hopes to position the company to have the ability to participate in the governance decisions within these protocols, shaping the future of DeFi as it matures.
Power REIT (NYSE-A:PW) Corp. said it has entered into a lease amendment to fund additional capital improvements to its existing greenhouse cultivation property, Sweet Dirt, in York County, Maine. Under the amendment, Power REIT (NYSE-A:PW) will fund the installation of a highly energy-efficient onsite power generation and cooling system, the company said. Power REIT (NYSE-A:PW)'s total capital commitment related to these improvements is approximately $3,500,000, which increases the straight-line annual rent by approximately $654,000, representing an approximately 19% unleveraged core FFO yield. The approximately 48,000 square-foot facility sits on six acres and is leased to a leading vertically integrated cannabis company in Maine.
Dalrada Corporation has announced the appointment of William “Bill” Probst as its new vice president of energy management for Dalrada Energy Services. The company said Probst, the former principal of Energi Pros, LLC, has specialized experience in energy efficiency, water conservation, and renewable energy applications. “Dalrada welcomes Mr Probst, who holds more than 25 years of dedicated experience in the Energy Services Company (ESCO) industry,” Dalrada Corporation CEO Brian Bonar said in a statement.
DGTL Holdings Inc has announced senior appointments after the successful completion of its merger with Engagement Labs (TSX-V:EL), including a new CEO and a board director. The company said founder and director John Belfontaine has been appointed as chief executive officer (CEO) and chairman of the board of DGTL Holdings as well as sole director of Engagement Labs (TSX-V:EL), It noted that Steven M. Brown has been appointed to the role of chief commercial officer (CCO) of DGTL, overseeing all business development initiatives for Engagement Labs (TSX-V:EL), Hashoff LLC and future potential subsidiaries of DGTL. He will also continue as the president and chief revenue officer of Engagement Labs (TSX-V:EL).
Belmont Resources Ltd said it has received regulatory approval to close a private placement of $522,900 through the issuance of 7,470,000 units at a price of $0.07 each. The company said it intends to use the proceeds of the financing for a drill program on its CBC copper/gold project, anticipated April 2022 along with exploration on its Greenwood gold camp projects and for working capital. While Belmont intends to spend the proceeds from the financing as stated above, it said there may be circumstances where, for sound business reasons, funds may be reallocated at the discretion of the board. Each unit consists of one common share of the company and one warrant exercisable at $0.10 in the first year and $0.15 in the second year.
Plurilock Security Inc said the TSX Venture Exchange has accepted for filing the company's proposal to issue 42,647 shares at a deemed price of 34 cents in consideration of certain services provided to the company by Kernel Advisory Inc. (Ira Goldstein), under an agreement dated August 1, 2020.
Kootenay Silver Inc said the TSX Venture Exchange has accepted for filing documentation with respect to a brokered and non-brokered placement announced February 9, 2022, February 10, 2022, and February 14, 2022, which will see the issue of 39,062,500 shares at a purchase price of 16 cents per share together with 39,062,500 share purchase warrants at an exercise price of 22 cents for a three-year period with 67 placees.
Gold Resource Corporation (NYSE-A:GORO, ETR:GIH) has announced today that the company will host its annual meeting of shareholders at 9.00am Mountain Time on Thursday, May 19, 2022, at 7800 East Union Avenue, Denver, Colorado 80237. The company has fixed the close of business on March 21, 2022, as the record date for determining shareholders entitled to notice of, and to vote at, the annual meeting and any adjournments of postponements thereof. Additional information, including details of the business to be conducted at the meeting, will be included in the company's Notice of Annual Meeting and Proxy Statement, to be sent to shareholders and filed with the Securities and Exchange Commission.
American Resources Corporation (NASDAQ:AREC) has announced that it will report its fourth-quarter and full-year 2021 financial results on Tuesday, March 29, 2022. The American Resources management team will host a conference call and live audio webcast to provide a business outlook at 4.30pm ET that same day. Interested participants and investors may access the conference call by dialing (877) 407-8219 and referencing American Resources Corporation (NASDAQ:AREC)'s Fourth Quarter and Year-End 2021 Conference Call, or by the webcast following link: https://themediaframe.com/mediaframe/webcast.html?webcastid=KMwUlUYN. An audio replay will be available on the company's website following the call.
The TSX Venture Exchange has accepted for filing documentation with respect to Belmont Resources Inc (TSX-V:BEA)’s non-brokered private placement announced March 4, 2022. Number of shares was 7.47 million; purchase price was $0.07 per share; 7.47 million share purchase warrants to purchase 7,685,000 shares; warrant exercise price was $0.10 for a one-year period; $0.15 in the second year. The warrants are subject to an accelerated exercise provision in the event the company's shares trade at or greater than $0,25 for 10 consecutive trading days.
Lucky Minerals (TSX-V:LKY, OTC:LKMNF) Inc has said it will be participating in Renmark Financial Communications Inc.'s live Virtual Non-Deal Roadshow Series to discuss the latest investor presentation on Monday, March 21, 2022, at 11,00am CDT and Monday, March 28, 2022, at 11.00pm DT. The presentation will feature President and Chief Executive Officer, François Perron. Topics to be covered will include the latest investor presentation followed by a live Q&A. Investors interested in participating in these events will need to register using the following links: Monday, March 21, Houston, Texas - https://www.luckyminerals.com/upcoming-events-1; Monday, March 28, 2022 - San Francisco, California - https://www.renmarkfinancial.com/events/renmark-virtual-non-deal-roadshow-tsx-v-lky-2022-03-28-130000
OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, has announced that Givex Information Technology Group Limited, a global fintech company that provides merchants with customer engagement, point-of-sale and payment solutions in a single platform, has qualified to trade on the OTCQX Best Market under the symbol GIVXF. 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. "As an established, growth-with-profit fintech company with a 20-year history of US-based operations, we are very pleased to begin trading on the OTCQX Market. OTCQX provides US investors with a cost-effective method of trading Givex shares and broadens the base of US investors," said Givex CEO Don Gray.
Codebase Ventures Inc. has announced a name change to Cypher Metaverse Inc (CSE:CODE, OTCQB:BKLLF). Shares will begin trading under the new name and with a new CUSIP number on March 23, 2022, but the ticker symbol will remain the same. Disclosure documents are available at www.thecse.com. Please note that all open orders will be cancelled at the end of business on March 22, 2022. Dealers are reminded to re-enter their orders.
OTC Markets Group Inc, the operator of financial markets for over 11,000 US and global securities, has announced that Standard Premium Finance Holdings, Inc, a premium finance company providing premium finance solutions to businesses and individuals, has qualified to trade on the OTCQX Best Market under the symbol SPFX. Standard Premium Finance was previously privately-held. The OTCQX Market serves as a more efficient and cost-effective public market for US companies through standards tailored for company reporting. By providing price transparency and broader information distribution, OTCQX enables companies to maximize the value of being a public company. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. "We are extremely excited to begin trading on OTCQX," saId William Koppelmann, Standard Premium Finance CEO, "What started out as a small regional company over twenty years ago has now grown into a nationally recognized brand through the loyalty and commitment of over 1,000 independent insurance agents. Our unwavering commitment to personal service is the key to our success as we continue to grow. That's what we mean when we say, 'Local Presence, National Power.'"