Phunware Inc, the company behind a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, reported first-quarter results and upped its revenue guidance for the future. The company posted net revenue of $6.8 million, including Multiscreen-as-a-Service (MaaS) platform revenues of $2.5 million and hardware revenues of $4.3 million. Adjusted EBITDA loss was $4.2 million, the company said.
Co-Diagnostics (NASDAQ:CODX) Inc has reported record 1Q revenue as the company says it plans to leverage its strong financial position to fund future growth initiatives. For the quarter ending March 31, 2022, the company reported revenue of $22.7 million, up from $20 million for the same quarter in 2021, which it attributed primarily to sales of its Logix Smart COVID-19 test. Profits reached $11.7 million, or $0.34 per share for the quarter, compared to $7.9 million, or $0.26 per share, for the same period last year.
Kidoz Inc, the mobile AdTech developer, announced it is reshuffling its management team under the leadership of a single CEO. The company said that Jason Williams will become the sole CEO. Williams previously shared the title with Eldad Ben Tora, who will now take on the president role. Ben Tora will also take responsibility for growth throughout the Europe, Middle East, and Africa (EMEA) region as general manager.
GlobalBlock Digital Asset Trading Limited will be partaking in the H.C. Wainwright Global Investment Conference on May 23-26, the company announced. A presentation by CEO Rufus Round will be available for institutional investors to view on demand at 7 am ET on May 24. Round is expected to discuss the company's recent newsflow and present the opportunities that lie ahead for the business. Interested parties can register for the event here: www.hcwevents.com/globalconference
Appia Rare Earths & Uranium Corp said it has extracted a bulk sample from its Alces Lake discovery in northern Saskatchewan which it plans to ship off for beneficiation testing as part of its metallurgical collaboration with CanmetMINING. Appia said it will ship the sample to CanmetMINING in the next few days. The primary focus of the test program will be to optimize and enhance the development of an Alces Lake Project flowsheet and to confirm other material testing that has been previously conducted by other parties on the Alces Lake monazite.
CO2 GRO Inc (TSX-V:GROW, OTCQB:BLONF) said it has been selected to present its sustainable precision agricultural CO2 Delivery Solutions technology to the Morocco Innovations Demo Day on July 28, 2022. The agricultural technology company said the objective of the AgriTech4Morocco Innovation Challenge is to discover the best disruptive agri-tech solutions to support Morocco's Generation Green 2020-2030 Strategy, with an aim to enhance efficiency, equity, and environmental sustainability for Morocco. “This is a great opportunity to increase the visibility of our CO2 Delivery Solutions in Morocco and adjacent North African countries as well as the Middle East and the EU which is a large importer of produce grown in Moroccan greenhouses,” CO2 GRO vice president sales and strategic alliances Aaron Archibald said in a statement.
Benchmark Metals Inc has told investors that it is rapidly progressing technical and permitting work to advance its flagship Lawyers Gold-Silver project, located in the prolific Golden Horseshoe of northern British Columbia. The Canadian company said it is “near completing” an updated Mineral Resource Estimate (MRE) for delivery in May this year. In addition, considerable work has been completed to generate the company's maiden engineering and economic study. Moreover, the Preliminary Economic Assessment (PEA) is anticipated in June this year and will focus on open-pitable resources derived from the updated MRE. In a corporate update, Benchmark said it has already completed over 18,000 metres (m) of drilling, a significant portion of which will be included in the updated MRE and PEA. In addition, a portion of the drilling has focused on geotechnical work towards infrastructure areas, noted the company.
Murchison Minerals Ltd (TSX-V:MUR, OTCQB:MURMF, TSX-V:MUR.V) has announced that it will have Booth #819 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on May 17-18, 2022. Former Prime Minister of Canada Stephen Harper and Former President of Mexico Felipe Calderon are two of the marquee speakers at the 2022 Resource Investment Conference. VRIC will host more than 100 international keynote speakers who will cover the most important investment opportunities and key issues in macro-finance.
CareRx Corporation (TSX:CRRX) said its first-quarter revenue jumped 108% from the year-ago period on the back of strong contributions from businesses it acquired as well as organic growth from contracts onboarded last year. Canada's leading provider of pharmacy services to senior living communities said it recorded revenue of C$93.2 million in the three months to March 31, 2022, from C$44.9 million a year earlier, while adjusted EBITDA increased 111% to C$8.6 million from C$4.1 million as a result of the integration of the earnings of the acquired businesses of SmartMeds, Rexall LTC Pharmacy and the long-term care pharmacy business of Medical Pharmacies Group Limited (MPGL LTC Pharmacy). "The first quarter of 2022 once again saw strong year-over-year revenue and adjusted EBITDA growth, driven by both acquisitions and organic growth, and by continued outstanding execution by our team," CareRx president and CEO David Murphy said in a statement.
Skye Bioscience inc (OTCQB:SKYE) and Emerald Health Therapeutics Inc (CSE:EMH, OTCQX:EMHTF) said they have entered into a definitive agreement that will see Skye acquiring Emerald in a share-for-share transaction. Under the proposed plan of arrangement, Skye will issue Emerald shareholders 1.95 shares of its shares in exchange for each Emerald share, resulting in current Skye stockholders owning approximately 54% of its common stock and former shareholders of Emerald owning approximately 46%. All stock options and warrants of Emerald will be exchanged for replacement options and warrants of Skye on identical terms, it said. San-Diego-based Skye is developing proprietary, synthetic cannabinoid derivatives to treat glaucoma and other diseases with significant unmet needs. The company noted that Emerald possesses cash and non-cash assets that it would acquire through the arrangement.
Mandalay Resources Corp said it posted revenue of $54.2 million for the first quarter ended March 31, 2022, its second-highest since the Q2 2016. Quarterly adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were $31.3 million, also the second highest in its history, the company noted, adding that it was free of net debt during the quarter with $50.4 million of cash on hand and $45.7 million in total interest-bearing debt outstanding."Mandalay is pleased with our Q1 2022 financial results and particularly in reaching a net debt free position,” Dominic Duffy, the company's president and CEO said in a statement. “Reaching a net debt-free position has been one of the major goals of the company and it is a credit to the Mandalay team the degree to which the company has been turned around over the past three years.”
Jushi Holdings Inc has announced that it is expanding its retail footprint in California with the opening of its 32nd retail location nationally and third dispensary in the Golden State. The BEYOND / HELLO Grover Beach store, the fourth and final retail dispensary permitted in the city of Grover Beach, will officially open and start serving consumers and medical marijuana patients on May 13, 2022, the vertically integrated cannabis company said. “With an annual tourist population of approximately 2.2 million and many of the surrounding municipalities prohibiting retail cannabis dispensaries from operating, Grover Beach presents a key market opportunity for Jushi," said Jushi founder, chairman and CEO Jim Cacioppo in a statement.
AEX Gold Inc (AIM:AEXG, TSX-V:AEX) said it has acquired two exploration licences in South Greenland from Orano Group, for a zero upfront amount and a royalty on future production, as it sees a significant opportunity for the discovery of strategic minerals. The licence area increases AEX’s exposure to metals such as nickel, copper, zinc, lead, titanium, vanadium, graphite and rare earth minerals, as well as additional gold resources across the Nanortalik and Tartoq gold belts. The acquisition takes AEX's total land package in South Greenland to 7,615.85 square kilometres, making it the largest licence holder in South Greenland and the third-largest in Greenland.
Manganese X Energy Corp (TSX-V:MN, OTCQB:MNXXF) has announced positive results from an independent Preliminary Economic Assessment (PEA) for its wholly-owned Battery Hill project located near Woodstock in New Brunswick, Canada. The company said the PEA, prepared by independent engineering services group Wood Canada Ltd, points to a project with an after-tax net present value of $486 million, using a 10% discount rate (NPV10), and a 25% internal rate of return. “Our Battery Hill Mineral Resource has the potential to be the most impressive manganese properties in North America and has several attributes that make it attractive for development and commercialization,” CEO Martin Kepman said in a statement. “Battery Hill has robust economics, strong value metrics and a short payback period for a relatively low capital investment,” he added.
Albert Labs International Corp (CSE:ABRT) has announced that it is carrying out safety and toxicology studies in partnership with the University of CESPU Health Sciences Department in Portugal to lay the groundwork for its upcoming real world evidence studies slated to start later this year. The company said research would provide essential data on its mycelium-based pharmaceutical products in support of its upcoming clinical trials investigating the potential of its psilocybin-based product candidate KRN-101 to treat cancer-related distress. The pre-clinical studies are being led by toxicologist Ricardo Jorge Dinis-Oliveira to clarify the toxicological, pharmacokinetic and pharmacodynamic properties of Albert Labs' proprietary mycelium derived active pharmaceutical ingredients (API).
Harbor Custom Development Inc has posted first-quarter results that saw its revenue jump 106% year-over-year on the back of sustained demand from buyers. For the period ended March 31, 2022, the Tacoma, Washington-based real estate developer reported consolidated net sales of $28.6 million, compared to $13.9 million in the corresponding period a year earlier. Harbor Custom attributed the increase to higher home sales of $5.5 million, entitled land sales of $4.5 million, fee build revenues of $2.7 million, and sales of developed lots of $2.1 million.
New Pacific Metals (TSX:NUAG, NYSE:NEWP) Corp, the Bolivia-focused explorer, has told investors that it ended its fiscal third quarter with US$34.7 million in working capital, sufficient to advance its Silver Sand and Carangas assets, along with other regional exploration. Reporting results for the three and nine months to March 31, 2022, the company said highlights of the third quarter included assay results of the 2021-2022 drill program at the Silver Sand project. It also noted that it reported assay results of 25 drill holes from the discovery drill program completed in 2021 at the Carangas silver-gold project. For the three months to March 31, 2022, the company posted a net loss of around US$1.41 million, narrower than a loss of US$1.7 million in the corresponding period of 2021. For the nine months to March 31, 2022, the net loss was US$4.08 million, compared to a net loss of US$4.59 million for the nine months ended March 31, 2020.
CULT Food Science Corp has highlighted the continuing advancement of technologies in cellular agriculture, saying it believes cell-based foods are a “viable solution” to combat growing fertilizer and food shortages. The company said it is supporting these technological advances by investing in the development of its own intellectual property and patent portfolios, as well as via cellular agriculture companies around the world that are working to help solve food insecurity concerns to populations at risk. Higher energy costs and global tensions, with Russia being the world’s biggest exporter of fertilizer, have driven up fertilizer prices to all-time highs, leading to higher food prices and potential food shortages, as COVID-19 related supply chain disruptions persist. Cell-based foods are an “attractive solution” to these issues as they do not require fertilizer or depend on the weather for crop yields, CULT noted.
Versus Systems Inc said it has entered into a strategic partnership with marketing agency Red Moon Marketing to support new client activations built around the Versus XEO platform. Versus’ technology will bolster Red Moon’s best-in-class digital and experiential capabilities, allowing them to create unique engagement experiences for clients, customers and fans, the company said. “We are thrilled to be able to provide an innovative form of fan engagement and interactivity to their clients and enable them to provide prizes and rewards to their customers and fans. We look forward to working with Red Moon in the future to bring the power of XEO to their clients’ marketing campaigns and activations," Matthew Pierce, founder and CEO of Versus Systems said in a statement.
Hapbee Technologies Inc (TSX-V:HAPB, OTCQB:HAPBF) has announced soaring growth in subscriber numbers for its Hapbee Neckband in the first three months of 2022, with retention rates also showing a marked improvement. The number of subscribers stood at 2,941 at the end of the first quarter of this year, a rise of 246% on Q1 2021. The company shipped 1,253 units in the first quarter, up 60% on the same period last year. Meanwhile, “significant” improvements in customers’ in-app experience boosted paid subscriber retention rates after six months to 65% in March compared with 22% in September last year, the company said. “The first quarter of 2021 saw Hapbee grow its subscriber base substantially year-over-year, while increasing customer retention and engagement,” said Yona Shtern, CEO of Hapbee in a statement.
Royal Fox Gold (TSX-V:FOXG) Inc has announced assay results for 13 drill holes from the 2022 campaign, as well as the remaining results for the 2021 diamond drilling campaign, on the Philibert gold deposit in Quebec, which included 2.8 grams per tonne (g/t) gold over 6.1 metres (m) from the Corsac Fox Zone. The gold explorer said the northwestern section of the Corsac Fox Zone returned “significant” gold intersections near-surface and down-dip along a 280m strike from hole PB-22-332 to hole PB-22-343. ”We are very pleased with the results received to date which continue to validate the size and potential of the Philibert deposit, as we work towards our maiden NI 43-101 resource later this year,” Royal Fox Gold (TSX-V:FOXG) CEO Simon Marcotte said in a statement.
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc has announced that it intends to acquire new intellectual property (IP) and assets related to the market-leading retail price comparison app and shopper intelligence platform Basket, which will allow the company to enter a new era of personalized marketing at scale. The company said in a statement that it has entered into an arm’s length letter of intent (LOI) with Virginia-based technology company Grocery Shopping Labs Inc through a wholly-owned subsidiary, which proposes the company acquire certain IP property and assets owned by the vendor related to Basket. Fobi said that it anticipated the synergies between Basket and Qples by Fobi Grocery Coupon Network and growth in the overall network would drive increased advertising revenue and higher average revenue per use with coupons and promotions.
Thesis Gold Inc (TSX-V:TAU) has told investors it is planning 50,000 metres (m) of drilling as part of the 2022 exploration activities at its flagship Ranch Gold Project in British Columbia, including expansion drilling at known occurrences, 2021 discovery areas, and exploration drilling following up on targets defined by 2021 surface work. The explorer said it also intends to complete extensive surface geochemical sampling, bedrock lithology and alteration mapping, and ground-based magnetics and induced-polarization (IP) geophysics. "We are very excited to execute on this expansive drilling and surface exploration campaign,” the company’s CEO Ewan Webster said in a statement. “Our 2021 exploration program delivered several new discoveries and generated multiple significant new drill targets that we are looking forward to testing this year."
Marble Financial Inc announced that Canadian mortgage brokerage services provider RateShop Inc has launched Marble Connect Application Programming Interface (API) and Inverite’s open-banking software on its platform. RateShop specializes in matching customers with competitive deals for mortgages that fit their preferences and credit profiles and boasts access to over 65 financial institutions, including banks, credit unions, and mortgage lenders. The Connect API and Inverite software will allow RateShop's customers to receive accurate credit assessments, gain access to MyMarble's comprehensive financial programs and tools, and AI-driven credit improvement solutions in addition to having their banking information verified in near real-time, Marble said in a statement.
Mindset Pharma Inc (CSE:MSET, OTCQB:MSSTF) has revealed that it is making headway in progressing its Family 1 lead clinical candidate, MSP-1014, towards clinical trials. The Toronto-based drug discovery company recently roped in a UK-based contract research organization (CRO), Clerkenwell Health, to prepare for an initial scientific meeting with regulators to discuss the company’s initial plans for clinical development. “At Mindset, we are working diligently to advance MSP-1014 through the regulatory process as quickly as possible. We have selected an expert CRO, Clerkenwell Health, to lead the initial scientific discussions with the regulators in the UK as we start to pull together our clinical plans,” Mindset CEO James Lanthier said in a statement. “We’re invigorated by this next step and look forward to providing updates along the way."
BioHarvest Sciences Inc has unveiled the composition profile of its full-spectrum cannabis produced from large-scale industrial bioreactors based on its proprietary Bio-Plant CELLicitation platform. BioHarvest told investors testing has demonstrated that the composition profile includes the cannabis compounds THC, CBD, CBG, THCV, CBDV and CBC, as well as the terpenes Beta-caryophyllene, Beta-panasinsene and Selina, in addition to other minor cannabinoids. The profile and ratio between the cannabinoids is unique, BioHarvest said, allowing potential patents to be filed.
Potent Ventures Inc has said that The Gummy Project will debut its low-sugar bee and shark gummies at the Sweets & Snacks Expo in Chicago.The expo – which boasts a 25-year history – is taking place this year between May 23 and 26, 2022. Potent Ventures said that the show brings together leading industry experts to offer big-picture insights that help attendees predict shopper trends and stay one step ahead of their competition. "We're thrilled to debut our products as an approved exhibitor at the Sweets & Snack Expo 2022,” Charlie Lamb, Potent’s CEO said in a statement.
Vox Royalty (TSX-V:VOX) Corp said the TSX Venture Exchange has accepted for filing documentation pertaining to a royalty sale and purchase agreement dated Jan. 17, 2022, between the company and arm's-length parties, whereby the company has acquired two platinum group metal royalties, which include a 1.0% gross receipt royalty over the Dwaalkop project and a 0.704% gross receipt royalty over the Messina project. As consideration, the company will issue to the vendors 409,500 common shares, as well as make additional cash payments or issue additional common shares upon the achievement of certain production milestones.
Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF) has noted that investee company IV Hydreight is the main sponsor of The National Nurses March (NNM) in Washington DC and will be marching to the US Congress in solidarity with thousands of nurses. Since its inception in January 2022, the NNM organization has accrued more than 200,000 members on its Facebook group. The grassroots organization strives to unite nurses and amplify their voices peacefully to advocate for much needed change in the nursing industry, culminating with a national nurses' march at the nation's capital. "Hydreight set out as an organization passionate about making healthcare more easily accessible for patients and creating a platform for Nurses to operate and do what they do best, which is "healthcare" without the normal legal and business headaches. Hydreight is proud to support all nurses across the United states and be their platform partner in revolutionizing healthcare," said Shane Madden, CEO Hydreight. "National Nurses March seeks to impact legislation that will eliminate unsafe nurse patient ratios, end workplace violence against healthcare workers, promote fair wages, and stop discrimination in the nursing profession," said Najja Williams, National Nurses March chair. IV Hydreight offers nurses an opportunity for financial freedom with uncapped earning potential and safe staffing patient ratios as members create their own schedule and can decide when they work and on their terms.
Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) has said it proposes to issue a total of 196,581 shares to Paladin Geoscience Corp, a private company controlled by Michael A. Power, Silver Range's president and chief executive officer, under a "Shares for Services Agreement". The proposed share issuance, which is subject to TSX Venture Exchange acceptance, is in partial consideration for geological consulting services provided to Silver Range by Paladin during the period October 1, 2021, through March 31, 2022. The shares are to be issued at deemed prices per share ranging from $0.1181 to $0.1444, being the market prices of Silver Range's shares as traded on the exchange as calculated at the end of each month in which such services were provided, minus 50% of the discount permitted under applicable Exchange policies. All consulting fees not paid for by the issuance of Silver Range shares are paid in cash.
Adcore Inc (TSX:ADCO) has announced that the Toronto Stock Exchange (TSX) has accepted its notice of intention to proceed with a normal course issuer bid (NCIB). Under the notice, Adcore may purchase up to 3,188,475 of its common shares, representing approximately 5% of its issued and outstanding shares of 63,769,494. The NCIB will be conducted during the twelve-month period commencing May 18, 2022, and ending May 17, 2023.
American Manganese Inc said it has rescheduled its annual general and special meeting of shareholders to July 8, 2022, at 11.00am. Further details on the meeting will be contained in a new Notice of Meeting and the management information circular that will be mailed to shareholders and filed on SEDAR.
Phunware Inc (NASDAQ:PHUN) has said it is scheduled to participate at the following financial conferences in May 2022: 17th Annual Needham Technology & Media Conference (May 16-19, 2022), with CEO Alan Knitowski, CFO Matt Anne, and COO Randall Crowder virtually presenting on Wednesday, May 18, 2022, at 3.45pm Eastern time and virtually participating in one-on-one meetings throughout the conference; and the H.C. Wainwright Global Investment Conference (May 23-May 26, 2022), with CEO Alan Knitowski, CFO Matt Anne, and COO Randall Crowder presenting on Wednesday, May 25, 2022, at 10.30am Eastern time and participating in one-on-one meetings throughout the conference For additional information or to schedule a one-on-one meeting with Phunware management, investors can contact Gateway Investor Relations at phun@gatewayir.com.
Western Magnesium Corporation has said that Sam Ataya, its executive president and CEO appeared on Fox Business this week to discuss the importance of domestic metal manufacturing and highlight magnesium's importance as a "super metal." During the televised interview on Making Money with Charles Payne, Payne referred to the current hazardous environmental practices of producing magnesium metal overseas and asked Ataya what specifically is changing manufacturing processes now. Ataya answered, "Technology is changing everything. If we invest in technology and look at the long-term view, we can do the same thing the rest of the world is doing except better and within our own borders."
AIM ImmunoTech Inc (NYSE:AIM) has announced that it will participate in the Solve M.E. Diagnostics signature event "Long COVID: Research, Policy, and Economic Impact," being held virtually and in New York, NY, on Thursday, May 19, 2022. The Global Interdependence Center, in partnership with the Solve Long Covid Initiative, is continuing its conference series exploring the pandemic's long-term healthcare, policy, and economic impact, specifically the implications of long haul COVID (a.k.a. long COVID). The event is aimed at raising awareness of Long Covid by examining the science and research behind it. As part of the hybrid event, Thomas K. Equels, chief executive officer of AIM ImmunoTech, will discuss the clinical development plans for Ampligen for the treatment of ME/CFS and Long COVID. Ampligen (rintatolimod) is AIM's RNA product candidate being developed for globally important cancers, viral diseases and disorders of the immune system. Ampligen is designed to modulate the immune system and has demonstrated anti-viral activity. The company is currently sponsoring an expanded access program (EAP) for ME/CFS patients in the United States. In 2021 AIM dosed its first "Long Hauler" patient with Ampligen in its post-COVID-19 "Long Hauler" portion of the active AMP-511 EAP in the United States. To register for the signature event, investors can use the following link: https://www.interdependence.org/events/browse/long-covid-research-policy-and-economic-impact/
Medallion Resources Ltd has announced that it will be exhibiting at the upcoming Vancouver Resource Investment Conference (VRIC) at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Tuesday, May 17 and Wednesday, May 18, 2022. Medallion's management team invite current shareholders, potential investors, analysts, brokers, and interested parties to visit booth #309 to discuss the company's recent activities, including updates on the company's New Clean Energy Technology Strategy.
South Star Battery Metals Corp has invited investors to visit it at Booth #933 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Tuesday, May 17 to Wednesday, May 18, 2022. Former Prime Minister of Canada Stephen Harper and Former President of Mexico Felipe Calderon are two of the marquee speakers at the 2022 Resource Investment Conference. The Vancouver Resource Investment Conference (VRIC) will host over 100 international keynote speakers covering the hottest topics in finance, economics and geopolitics. The VRIC will include a marketplace of 225 investment opportunities in the mining industry, spanning early-stage exploration to advanced producing mines. For more information and/or to register for the conference investors can visit: https://cambridgehouse.com/vancouver-resource-investment-conference.
Guardforce AI (NASDAQ:GFAI) Co. Limited has announced that Terrance Yap, its chairman, has been invited to present at the Spring Into Action - Best Ideas Investor Conference, which is being held virtually on May 16-20, 2022. Yap is scheduled to present on Tuesday, May 17, 2022, at 9.30am ET. The presentation will be webcast live and available for replay https://www.webcaster4.com/Webcast/Page/2882/45569. Management will also be available for one-on-one meetings with qualified investors throughout the conference.
Investors can register for the conference here: https://microcaprodeo.com/signup. To receive additional information, request an invitation or to schedule a one-on-one meeting, investors can email angie.wright@issuerdirect.com.
Nextech AR Solutions Corp has said it plans to release its first-quarter 2022 financial results after markets close on Monday, May 16, 2022. Subsequently, Nextech will host a conference call to discuss the first-quarter results on Monday, May 16, 2022, at 5.00pm Eastern Time. Evan Gappelberg, the company's chief executive officer, and Andrew Chan, its chief financial officer will discuss the financial and operating results followed by a question and answer period. Conference Call Details: Toll-Free Dial-In Number (888) 330-2024; International Dial-In Number (646) 960-0187; Conference ID 7778367; Webcast link https://events.q4inc.com/attendee/368149795. For those unable to join the live event, a recording of the presentation will be posted on the company's IR website at https://www.nextechar.com/investors/financial-information.
Alternus Energy PLC (EURONEXT:ALT) has said it will hold its Q1 2022 financial presentation online on Wednesday 18 May at 1.00pm Irish standard time. Investors can register to attend via the following Link: https://forms.office.com/pages/responsepage.aspx?id=-QEn0CM7P0uPzintVGMr-MNpRw5He71Np1LfgDn3M5VUMDlSTzNPSFRIOVBZM0E4NFlKU09PMktYMi4u. Investors unable to attend the event will be able to view the recording and reports on the company website afterwards at https://alternusenergy.com/reports-presentations/.
OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, has announced that European Metals Holdings Ltd (AIM:EMH, ASX:EMH, OTC:EMHLF)., which is developing the largest hard rock lithium deposit in Europe, has qualified to trade on the OTCQX Best Market and has today upgraded from the Pink market under the symbols EMHLF; EMHXY; and ERPNF. 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. Commenting on the commencement of trading, European Metals Holdings executive chairman Keith Coughlan said: "I am very pleased to see European Metals join the OTCQX, which will significantly enhance the Company's exposure to North American investors. Trading on OTCQX comes at a pivotal time for investors seeking to leverage the transition away from fossil fuels, with the European Union offering significant funding to accelerate change and adoption rates of electric vehicles in the region continuing to climb. European Metals is well-positioned for the rising demand in battery materials, developing the Cinovec project, the largest hard rock lithium project in Europe, which is centrally located on the Cech Republic's border with Germany. The project boasts excellent ESG credentials which will enable the production of battery-grade lithium hydroxide and carbonate with potentially one of the lowest CO2 emissions, globally."