Context Therapeutics Inc announced that it has ended its first quarter of 2022 with $45.7 million in cash and equivalents as of March 31, which the company says should be sufficient to fund its operations into 2024. The women’s oncology company also noted that 2022 looks to be a “pivotal year” as it anticipates reporting preliminary data of ONA-XR from ongoing Phase 2 trials in breast, ovarian, and endometrial cancers later in the year.
VolitionRx Limited rounded out a strong first quarter by receiving a $10 million milestone payment from Heska Corporation for the company’s Nu.Q Vet Cancer Screening Test. In exchange for granting Heska exclusive worldwide rights to sell the Nu.Q Vet Cancer Screening Test for companion animals, Volition has received a $10 million upfront payment and is eligible to receive up to a further $18 million based upon the achievement of near and mid-term milestones. In addition to these milestone payments, Volition expects to receive ongoing revenue for the supply of key components for the exclusive point of care products. The company underlined that the Heska deal is a long-term one with “significant market and revenue potential” for Volition through the “sale of kits and key components.”
Willow Biosciences Inc announced it has boosted its production capacity thanks to a new manufacturing partnership. The Canadian biotechnology firm has inked a manufacturing services agreement with a contract development and manufacturing organization (CDMO) that will help increase fermentation capacity to produce Willow’s FutureGrown platform, which allows large-scale production of pure, consistent, and sustainable products like the highly valued cannabigerol compound. Vancouver-based Willow said that the partnership allows it to accommodate new programs in addition to its cannabinoid portfolio.
Zynerba Pharmaceuticals Inc, a leader in transdermal cannabinoid therapies for rare neuropsychiatric disorders, revealed that it is making an oral podium presentation at the International Society for Autism Research’s four-day annual meeting starting on May 11, 2022. The meeting is being held both in-person and virtually from Austin, Texas. Zynerba said the presentation will be made available on its website on May 12, 2022, at 4:30 pm ET. The Devon, Pennsylvania-based company’s flagship product Zygel (ZYN002), a patent-protected CBD skin gel, is being developed to treat a slew of rare neuropsychiatric disorders, including Fragile X syndrome (FXS), 22q11.2 deletion syndrome (22q) and autism spectrum disorder (ASD).
TRACON Pharmaceuticals (NASDAQ:TCON) Inc CEO Charles Theuer said the biopharmaceutical company remains on track to release interim efficacy data from its recently approved amended ENVASARC protocol, using a higher dose of envafolimab, later this year. "We are pleased with the pace of enrollment under the amended ENVASARC protocol and remain on track to deliver interim efficacy data in the second half of this year,” Theuer said in a statement accompanying the firm's 1Q results. In the statement, the company highlighted upcoming milestones for 2022 including reporting the International Chamber of Commerce Arbitration Panel’s binding decisions on the legal disputes involving the TJ4309 and bispecific antibody agreements with I-Mab, and initiating dosing of a randomized Phase 2 trial of TRC102 in locally advanced non-small cell lung cancer sponsored and funded by the National Cancer Institute.
i-80 Gold Corp announced that at the company’s 2022 annual meeting of shareholders onTuesday, all director nominees listed in its management circular were elected. Shareholders also approved the reappointment of Grant Thornton LLP, Chartered Professional Accountants as the company's auditors and authorized the aforementioned directors to fix their remuneration.
Information Services Corporation announced the voting results from its annual meeting of shareholders held on May 11, 2022 in Regina, Saskatchewan. A total of 11,551,061 Class A Limited Voting Shares were represented at the meeting. According to the company, its shareholders voted in favour of all matters, including the appointment of Deloitte LLP as auditor for the ensuing year and the election of its Board of Directors. Headquartered in Canada, ISC is a leading provider of registry and information management services for public data and records.
Sigma Lithium Corporation announced that its annual and special meeting of shareholders will be held virtually at 11 am ET on June 30. Additionally, members of the company's senior management, including Co-CEO, Ana Cabral-Gardne, will be participating in person and will be available for one-on-ones at the following conferences:Itau BBA LatAm CEO Conference on May 12 in New York; Canaccord Genuity Global Metals and Mining Conference on May 15-17 in Palm Desert, California; Bank of America 2022 Global Metals, Mining and Steel Conference on May 17-19 in Miami Beach, Florida. "2022 is a critical year for Sigma .... as such we are strengthening the intensity and frequency of our dialogue with investors ... [and] reinvigorating our IR efforts with at these important industry events”
BioSig Technologies Inc CEO Kenneth Londoner said the company has made great strides on multiple fronts as it accelerates commercial momentum for developing a national installed base of its PURE (Precise Uninterrupted Real-time evaluation of Electrograms) EP systems. In a letter to shareholders, the company reported recent highlights including that the PURE EP system has now completed over 2,200 patient cases with 75 physicians at 17 hospitals across the United States, the strengthening of its management team, and the launch of its NOVA-5 software which offers greater customization and smarter workflows with the aim of further driving clinical adoption. “We strongly believe in the value of our technology and are now supported with both peer-reviewed clinical data and third-party economic data, proving the value of what we have built,” Londoner said.
Proactive Research has issued a note on Copper Fox Metals Inc, noting that the firm is an exploration and development company with projects in geopolitically stable, proven copper mining districts within Canada and the US. Analyst Ryan Long concluded: "All three of these projects have the potential to host significant levels of porphyry copper mineralisation and the exploration work planned for 2022, could generate some exciting targets for drill testing."
CleanSpark Inc (NASDAQ:CLSK) has reported a four-fold increase in revenue for the fiscal second quarter while continuing to execute on its infrastructure-first strategy. The bitcoin miner posted revenue of $41.6 million in the three months to March 31, 2022, compared to $8.1 million in the same period last year, while sequential revenue was up 1% from the previous quarter. "The theme for this quarter has been operational and financial execution," CleanSpark CEO Zach Bradford said in a statement. "While the whole industry faced macro headwinds, primarily driven by a lower average bitcoin price, we continued to execute on our infrastructure-first strategy.”
Plurilock Security Inc has announced that Plurilock DEFEND, its zero-trust identity solution, can now extend its continuous identity assurance capabilities to Amazon Workspaces virtual sessions operating on Windows and Linux devices. With a growing number of workforces shifting to remote environments and projections that 25% of all professional jobs in North America will be remote by the end of 2022, more organizations are implementing virtual infrastructure, the company noted. "In an increasingly remote world, zero-trust identity technology is critical for securing workforces, including those operating in virtual environments," Plurilock CEO Ian L. Paterson said in a statement.
i-80 Gold Corp has announced positive initial results from the maiden drill program at its wholly-owned Ruby Hill Property in Eureka County, Nevada, with assay results for the first five holes demonstrating the potential for impressive gold grades and widths of mineralization. "Ruby Hill is one of several projects that we are looking to advance to mine development in the next twelve months and early results from our first-ever drill program have confirmed our belief that the property has excellent potential to host a world-class, Carlin-type gold deposit", Ewan Downie, CEO of i-80 said in a statement. "The extent of Carlin-type alteration and mineralization in the Eureka district is comparable to Nevada's most productive gold districts on the Carlin, Getchell, and Battle Mountain trends. We are not only excited by the impressive widths of high-grade mineralization we are seeing in our early drilling, but also by the apparent rock quality that appears more competent than expected and bodes well for mining," he added.
Adcore Inc (TSX:ADCO) has announced a significant improvement in its margins in the first quarter of 2022 after it decided to focus on higher-margin indirect revenue, a strategy it expects to boost profitability in the long term. Gross margin for the three months to March 31, 2022, was 43% compared to 23% for the same period in 2021, the company said. "During the quarter we successfully executed on our strategy started in the second part of 2021 to achieve improved and sustainable gross margins in the 45%-55% range by focusing on higher-margin indirect revenue,” Omri Brill, CEO of Adcore said in a statement. Separately, Adcore also announced that it intends to make a normal course issuer bid (NCIB) to purchase up to 3,188,475 of its common shares.
Golden Shield Resources (CSE:GSRI) Inc has announced drill results from the initial hole of a 13-hole, 3,000-metre (m) program at Mazoa Hill, the most advanced of eight prospects at the company's flagship, 5,457-hectare, Marudi Mountain gold project in the Rupununi District of southwestern Guyana. The company noted that it is currently drilling the ninth hole of the Phase 2 drill program at Mazoa Hill. While results for eight of the holes that have been completed are pending, it revealed that it drilled 33m grading 3.45 grams per tonne (g/t) at hole MH-22-16. Drilling of the remaining four holes of the program is progressing and will be finished before the end of this month, Golden Shield added.
BioPorto A/S has announced that the strong performance of its flagship NGAL test drove revenue growth for the group in the first quarter of this year as it reiterated its guidance for full-year revenue. The Denmark-listed in vitro diagnostics company reported revenue of 6.5 million Danish kroner in the first quarter of 2022, a 17% increase over the previous year. The revenue growth reflected a 70% increase in sales of the NGAL test, primarily from research use only (RUO) sales in the US and the timing of customer orders, which were up 116% over the prior year. Rest-of-the-world (ROW) sales of the test increased by 10%. The company maintained its guidance for revenue of 24-26 million kroner for the financial year 2022.
Casa Minerals Inc has announced the commencement of diamond drilling at its Congress gold deposit in the Martinez Mining District of Arizona’s Yavapai County. The Vancouver-based company reminded investors that a 10,000-foot diamond drilling contract has been awarded to Godbe LLC of Colorado to complete the programme. Since purchasing the Congress property, Casa said it has compiled all available technical data concerning the former mining operations. Documented mining operations, at intervals from 1880 to 1980, reveal it produced 426,000 ounces of gold, followed from 1982 to 1988 by poorly documented operations that may have produced about 75,000 ounces, the company added.
Usha Resources Ltd said it is poised to spin out its Nicobat nickel-copper-cobalt property in Ontario to subsidiary Formation Metals Corp (FMC) following unanimous approval by its board. When complete, Usha shareholders will own stock in two public companies, Formation Metals, which will be focused on Nicobat, a nickel-copper-PGE project in Dobie Township, and Usha Resources, which will focus on the US-based assets, including the Jackpot Lake lithium property. "Formation Metals was conceived with the idea of expanding our investor base while creating additional shareholder value," said Deepak Varshney, CEO of Usha Resources. "Both USHA and FMC will be better positioned to execute on their respective strategic business plans and have the required flexibility to allocate resources and deploy capital as each see fit."
Golden Arrow Resources Corp said it has optioned its Mogote copper-gold project in Argentina’s San Juan Province to Australian-based mineral exploration company Syndicate Minerals Pty. The Vancouver-based company noted that this is the third property option it has completed since early 2021 as part of its strategy to build a secondary value stream through joint-venture advancement of non-core exploration projects from its more than 180,000-hectare (ha) property portfolio in Argentina. "We look forward to this partnership with Syndicate to advance Mogote, providing another excellent opportunity for us to build value for our investors at no cost to us,” the company’s chairman, president and CEO Joseph Grosso said in a statement. “Our previous success at Chinchillas left us strongly funded for exploration without further dilution to our shareholders and our team is focused on repeating that achievement at our new 100% held San Pietro copper project in Chile while continuing to advance our other core projects through our five-step exploration process.”
Ridgeline Minerals Corp announced that the Phase V drill program at its Selena silver-gold-lead-zinc project in Nevada began on May 2, 2022. The precious metals explorer said the Phase V program will drill up to eight holes, or 5,500 metres, and test the conceptual carbonate replacement style discovery (CRD) and Skarn targets located down-dip and to the west of the company's original shallow-oxide, silver-gold, lead-zinc discovery. “We've spent almost a year putting together the porphyry zonation model at Selena and our team is excited to finally be testing the conceptual CRD and Skarn targets,” Ridgeline Minerals vice president, exploration Mike Harp said in a statement.
BANXA Holdings Inc has announced its entry into the US$17 billion non-fungible token (NFT) market with the launch of a new cash (fiat) to NFT checkout in partnership with NFT marketplace leader Atomic Hub. The digital payments infrastructure provider said the launch allows its global partner network access to millions of end users looking to more easily purchase NFTs with credit cards.
Mobilum Technologies Inc, a tech-driven company making digital assets and crypto-currencies accessible through traditional payment infrastructure, announced that it has signed a strategic services agreement with crypto giant Binance, the world’s largest crypto exchange globally through trading volume. Vancouver-based Mobilum noted that the Binance platform is aimed at increasing the freedom of money for its users and features an unmatched portfolio of crypto products and offerings. In a statement, Mobilum CEO Steven LaBella said: "The Mobilum team takes great pride in providing a quality suite of services for bridging the traditional world of finance to the digital world of finance.”
Fabled Copper Corp has announced additional results of the 2021 surface fieldwork covering 19 specific areas at its Muskwa Copper project, located in northern British Columbia. The company’s 2021 exploration mandate was to prospect the area surrounding the Davis-Keays adits and Eagle Vein. Detailed ground VLF-electromagnetics (EM) and total field magnetics surveys were completed along the old switchback dozer trail, downslope from the Davis-Keays 6400 adit, the company said.
Electric Royalties Ltd has said in a portfolio update that two of its lithium royalty assets are headed towards resource upgrades. The Vancouver-based firm, which is focused on advanced stage and operating projects that offer exposure to the clean energy transition, has 18 royalty assets under its portfolio, including one that is already generating revenue. CEO Brendan Yurik told shareholders that the company is excited that its Graphmada graphite and Seymour Lake lithium royalty assets are nearing the completion of mineral resource upgrades.
Nextech AR Solutions Corp has announced the closing of multiple new 3D modeling deals for eCommerce, providing the company with a continuously growing base of annual and monthly recurring revenue. The company said it has been contracted to produce around 400 3D models from the new deals, on top of 1,500 announced last week, highlighting the demand for Nextech's state-of-the-art AI-powered ARitize 3D and ARitize CAD technologies. “I believe that 3D models are a must have in 2022 and beyond and that it will become increasingly difficult and eventually impossible to compete and do business online without 3D models when your competitors are adopting this technology,” Nextech AR CEO, Evan Gappelberg, said in a statement.
Marvel Discovery Corp has announced a joint venture (JV) agreement to expand its land position within the Rocky Mountain Rare Metal Belt. The explorer said the JV with private company Eagle Bay Resources gives it the right to earn a 50% interest in the 507 hectare (ha) claim block upon completion of at least two drill holes. The block is immediately adjacent to the west of Defense Metals Corp’s Wicheeda project. "We are very excited with the current developments coming out of the Wicheeda Camp,” Marvel president and CEO Karim Rayani said in a statement. “Marvel is in a great position now as we control a sizeable area of influence, and we look forward to working with our new partner Eagle Bay Resources to explore this new territory."
ElectraMeccanica Vehicles Corp has said it will showcase its SOLO Cargo EV for the first time at the National Restaurant Association Show at McCormick Place in Chicago from May 21-24, 2022. The all-electric, three-wheeled vehicles - now available for order for business customers - offers restaurant owners, chains and franchises a more efficient and cost-effective alternative to traditional third-party delivery options, the company said. "Delivery has never been a bigger part of the to-go food business, which is exactly why every restaurant needs a smaller, electric, enclosed-delivery-vehicle option," Kevin Pavlov, CEO of ElectraMeccanica said in a statement. "SOLO Cargo is really the only name in that game that's ready to meet the needs of businesses and their customers right now. We can't wait to introduce our SOLO Cargo to the biggest restaurant chains in the nation, who can get outsized operating and marketing value from shrinking carbon footprints and lower transport costs."
Think Research Corp said it has closed an initial advance of $10 million from Beedie Investments Ltd (Beedie Capital) under the company's non-revolving term convertible loan facility of up to the principal amount of $25 million. Under the terms of the credit agreement between Think and Beedie Capital dated April 22, 2022, the firm may use the proceeds of the initial advance to fund future acquisitions, organic growth investments, and for general working capital purposes. The undrawn $15 million of the convertible facility will be available for subsequent advances in minimum tranches of $3 million over the term of the convertible facility, with such advances to be used to finance Think's acquisition of complementary businesses or assets. In a statement, Sachin Aggarwal, CEO of Think Research said: "We are pleased to have a funding partner with the pedigree of Beedie Capital. The immediate capital injection of $10 million from Beedie provides us with the balance sheet strength and flexibility to continue to execute our aggressive strategic plans as we aim for operating profitability while becoming an essential data service to clinicians everywhere in the markets that we serve."
Potent Ventures Inc said it has received conditional approval from the Canadian Securities Exchange (CSE) for its proposed change of business from an issuer operating in the cannabis sector to an issuer focused on the branded gummy and wellness space. Completion of the change of business is subject to certain conditions including final CSE approval, shareholder approval and the filing of a CSE Listing Statement and associated disclosure and payment of the applicable fees. A date for trading under the new name and symbol will be determined upon confirmation of the above conditions being met.
Looking Glass Labs Ltd. (LGL) said its CEO Dorian Banks, has recorded an interview on the “Own the Moment” (OTM) podcast for Own the Moment NFT, Inc. The episode was hosted by the founders of OTM, TJ Laessig and Justin Herzig, and is scheduled to be released on May 12, 2022. OTM is well known for its NBA Top Shot, NFL All Day and Sports NFT podcasts. It is a platform that focuses on fantasy sports, gaming and NFT collecting and aims to build the next generation of Web3 fantasy sports and analytic tools, leading with a community-centered approach. The Podcast began airing in January 2021 and has aired 97 episodes to date. “I am grateful to have been invited by the OMT team to be interviewed on the Podcast. It was such a pleasure to be a guest and I enjoyed a rich discussion with both TJ and Justin. I hope the interview will help the NFT community gain a better understanding of LGL, its HoK subsidiary and its future direction,” said the LGL CEO .“We are excited to see what the future of the NFT and metaverse worlds hold, including competitive P2E games and other exciting developments on the near-term horizon,” Banks added. More information about OTM can be found on its website by visiting the following URL: www.otmnft.com.
Naturally Splendid Enterprises Ltd has announced that it will be applying for approval from the TSX Venture Exchange to extend the expiry date of 26,321,516 common share purchase warrants issued to subscribers under the company's private placement that closed on June 4, 2020. The company intends to extend the expiry date of the subscriber warrants from June 4, 2022, to June 4, 2023. The exercise price of $0.055 and all other terms of the subscriber warrants will remain unchanged for the extended exercise period. The extension is subject to approval from the exchange.
Zoglo’s Incredible Food Corp has announced that its annual financial statements for the year ended December 31, 2021, including the related management discussion and analysis, and CEO and CFO certifications were not filed by the required filing deadline of May 2, 2022. The company said they were not filed due to the nature of its business, the location of the company's subsidiaries and the COVID-19 pandemic. The company said it has been advised by its auditors, Baker Tilly Canada Cooperative, that they need more time to complete the audit. The company is working on the steps required to complete the Annual Financial Filings and expects to be able to file the Annual Financial Filings by May 13, 2022. The company said it will provide updates as further information relating to the Annual Financial Filings becomes available.
The International Speculator, in its April 25, 2022, issue, has refreshed it's buy' of Goldshore Resources Inc (TSX-V:GSHR, OTCQB:GSHRF) (recently at 41.5 cents) up to 70 cents. The newsletter said buy on June 23, 2021, at 76 cents, and again on December 29, 2021, at 64 cents. It noted that Goldshore to its portfolio shortly after its initial public offering last year. The company is overlooked, the newsletter said, but its story is about to change. Goldshore's management is serious about developing the Moss Lake, Ontario, project into a world-class asset. It added that it has faith that Goldshore has the management talent, led my Brett Richards, chief executive officer, and David Garofalo, ex-CEO of Goldcorp to do the job.
OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, has announced that NevGold Corp, a mineral exploration and development company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market under the symbol NAUFF. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. "Starting to trade on OTCQX will broaden access to the Company's shares to a range of US-based institutional and retail investors," said NevGold's CEO Brandon Bonifacio. "We are a US-based gold resource development and exploration company, and providing easy access to US-based investors on an established, liquid, trading platform is critical to broaden our investor base."
Numinus Wellness Inc has announced that Payton Nyquvest, the company's founder and CEO will participate in a fireside chat hosted by Patrick Trucchio, H.C. Wainwright Research Analyst, at the H.C. Wainwright Global Investment Conference to be held at the Fontainebleau Miami Beach Hotel in Miami, Florida on Wednesday, May 25, 2022, at 3.30pm ET. To attend, investors can register here: https://hcwevents.com/globalconference/. In addition, the event will be available via live webcast and archived replay on Numinus' investor relations website at: https://www.investors.numinus.com/events-and-presentations/default.aspx. For more information about the conference, or to schedule a one-on-one meeting with Numinus' management, investors can send an email to KCSA Strategic Communications numinusir@kcsa.com.