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Pharma & Biotech

NA Proactive news snapshot: NioCorp Developments, Water Tower Research, EverGen Infrastructure, CO2 GRO, Vuzix, Aurion Resources, Silver Range UPDATE...

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

Water Tower Research LLC said it is hosting a Fireside Chat with Flotek Industries chairman, CEO and president John Gibson on May 25, 2022, at 11am EDT. Flotek is a technology-driven specialty green chemistry and data company. It creates solutions to reduce the environmental impact of energy production on air, water, land, and people. Gibson will discuss Flotek’s specialty green energy chemistry solutions, industrial chemistry, and data analytics opportunities. Investors can register for the event here.

EverGen Infrastructure Corp (TSX-V:EVGN) co-founder and CEO Chase Edgelow said that despite being young, the company is establishing itself “very quickly” as one of the leaders in the renewable natural gas infrastructure space. In an interview with The Bell2Bell Podcast, which belongs to the Investor Brand Network, Edgelow discussed EverGen’s business model and operating markets. The Vancouver-based renewable natural gas energy company is a developer, owner and operator of projects that take organic waste and convert that organic waste into renewable energy in the form of renewable natural gas (RNG). The company operates a portfolio of RNG, waste to energy, and related infrastructure projects. “There are a number of Canadian utilities that are hungry for renewable content… In British Columbia, where we’re headquartered, FortisBC is leading the charge with that,” Edgelow told the podcast.

CO2 GRO Inc (TSX-V:GROW, OTCQB:BLONF) has announced another CO2 Delivery Solutions technology trial in a Canadian cucumber greenhouse. The grower required confidentiality as to greenhouse size, location and name, Toronto-based CO2 GRO said. The trial's goals are to demonstrate CO2 Delivery Solutions' ability to increase cucumber fruit yield, reduce the spread of pathogens such as powdery mildew, reduce CO2 usage and reduce the overall cost per unit of production, thereby increasing overall grower margins. "Our plant mix in 2022 year-to-date trials has favored traditional high volume vegetable growers in North America and the EU as well as high-value flower growers in Colombia and Ecuador,” CO2 GRO’s vice president for sales and strategic alliances Aaron Archibald said in a statement. “We are now gaining traction with greenhouse vegetable and flower growers who typically operate much larger facilities than our Canadian Cannabis customers.”

Vuzix Corporation (NASDAQ:VUZI) has announced that it and its partner TeamViewer, a leading provider of remote access software, are enabling Ricoh, a global provider of digital services, printing and imaging solutions, to expand its use of Vuzix smart glasses. When supporting conventional equipment such as copiers, printers, and multifunction printers, Vuzix explained that Ricoh needed to ensure a high level of customer satisfaction was maintained. It started employing Vuzix M400 smart glasses along with TeamViewer software in late 2020 and has scaled its usage in 2021 and 2022. The combined solution made it possible to view the equipment at the service location when needed and issue instructions via augmented reality from the office, the company added. Vuzix said it will conduct a panel discussion with Ricoh and TeamViewer on May 24 at an event in Japan held at The Capitol Hotel Tokyu.

Aurion Resources (TSX-V:AU) Ltd has announced it is expanding its land package in the Central Lapland Greenstone Belt in Finland with the acquisition of the Keulakkopää exploration permit. The company said the Keulakkopää exploration permit includes two separate areas totaling 6.4 square kilometres and it is located approximately halfway between Aurion's Aamurusko Discovery and Rupert Resources' 3.95 million ounce (Moz) Ikkari Deposit. Aurion is acquiring the permit through an agreement with Sakumpu Exploration OY, a 100% held subsidiary of S2 Resources (ASX:S2R).

Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) announced it has received acceptance from the TSX Venture Exchange for the issuance of 196,581 shares to Paladin Geoscience Corp, a private company controlled by Michael Power, Silver Range's President and CEO, pursuant to a "Shares for Services Agreement". These shares were 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, and were issued in partial consideration for geological and other consulting services provided to Silver Range by Paladin during the period October 1, 2021 through March 31, 2022. These shares are subject to a hold period which expires on September 20, 2022.

NioCorp Developments Ltd announced that a recently completed feasibility study has shown its Elk Creek project as having the second-largest indicated-or-better rare earth resource in the US, behind only the Mountain Pass rare earth deposit owned by MP Materials. According to the 2022 study, the Elk Creek mineral resource contains both relatively high grades and various amounts of niobium, scandium and titanium. As a result, the project’s after-tax net present value increased 12% to $2.35 billion from $2.1 billion following a 2019 feasibility study. The projected mine life rose to 38 years from 36 years.

Think Research Corporation (TSX-V:THNK) has announced that its MDBriefcase Group Inc subsidiary has been chosen by a global pharmaceutical company to deliver high-quality content to healthcare practitioners and allied health professionals regarding its drug and vaccine therapies. The company said MDBriefCase will deliver programming throughout 2022 and 2023 under the contract, which has a total value of approximately $4.1 million, with revenues to be earned based on the achievement of various contractual milestones and the delivery of applicable programming. The agreement encompasses Think's content solutions along with MDBriefCase's learning management system (LMS) to provide a broad offering of content, essential data services and software, it added. "We are pleased to be selected to provide essential content and learning solutions to healthcare practitioners on behalf of this exceptional client,” Think Research CEO Sachin Aggarwal said in a statement. “This agreement is indicative of our vision to leverage our entire suite of solutions to become an essential data service for clinicians everywhere."

Alkaline Fuel Cell Power Corp said it has successfully created a functioning, bench test, single stack and system operation at working temperature, its first milestone, and is working towards commercializing the 4 kilowatt micro-combined heat and power (micro-CHP) system. "We are very pleased that, despite strong challenges from COVID-19 and supply chain, our teams in Belgium and Czech Republic were able to achieve the first critical milestone in the development of our own hydrogen fuel cell, on time," CEO Frank Carnevale said in a statement.

Alternus Energy Group PLC has reported its fifth consecutive quarter of annual recurring revenue growth as the company steps up power production through the acquisition of several solar parks. For the three months ending March 31, 2022, the company reported a 278% increase in revenue to €6.4 million from €700,000 for the same period in 2021. Alternus also increased its earnings before interest, taxes, depreciation, and amortization to €2.3 million for the first quarter, compared to €0.1 million in 1Q 2021.

Tocvan Ventures Corp. (CSE:TOC) said it has executed an assignment agreement to sell its Rogers Creek project in British Columbia to Cascade Copper Corp so it can focus on its core assets in Sonora, Mexico. The company said the transaction consists of the sale of Rogers Creek in exchange for 5 million common shares of Cascade Copper, which will be distributed to Tocvan shareholders. Cascade Copper is a private Alberta company that intends to complete an initial public offering (IPO) and list its common shares on a Canadian exchange later this year. The company explained that each Tocvan shareholder of record as of the close of business on May 31, 2022, will receive, on the distribution date, one common share of Cascade Copper for every 6.5384044 common shares held in Tocvan. The share dividend is expected to be distributed to shareholders on or about the time that Cascade Copper completes its IPO. “Completing this transaction means we can unlock the value of the Rogers Creek asset to our shareholders and ensure it has the focus it deserves through Cascade Copper," Tocvan CEO Brodie Sutherland said in a statement.

Edison Lithium Corp. (TSX-V:EDDY, OTCQB:EDDYF) revealed it is poised to spin out its cobalt assets in Ontario, namely the Kittson Cobalt property, into a newly incorporated subsidiary in a bid to unlock value. The move, which has been unanimously approved by the board, will be carried out via a plan of arrangement. There will be no change in Edison shareholders' holdings in the company, and if completed, shareholders will own shares in both firms. Edison will be focused on Argentinian lithium, while SpinCo will be focused on cobalt exploration in Canada.

Predictive Oncology Inc. (NASDAQ:POAI) said it has closed two concurrent offerings with several institutional investors, raising gross proceeds of approximately $7.2 million before placement agent fees and other offerings expenses. The company intends to use the net proceeds from the offerings for working capital purposes. In the first offering, the company sold 3,837,280 shares at a purchase price of $0.60 each in a registered direct offering for gross proceeds of approximately $2.3 million. The company also issued to these investors unregistered warrants to purchase up to an aggregate of 3,837,280 shares of its common stock. The warrants have an exercise price of $0.70 per share, and will become exercisable six months following the date of issuance and expire five and one-half years from the date of issuance.

Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF) said it has won multiple new 3D modeling deals for e-commerce, providing the company with a growing base of annual and monthly recurring revenue. The new contracts are for hundreds of additional 3D models, on top of the 1,500 and additional 400 SKUs announced in the last several weeks.

"We are seeing an acceleration in demand for our suite of Web3 products by simultaneously signing on new clients to ARitize 3D (and) expanding into new industries, while renewing with existing clients for more 3D models, which means our 3D/AR product offering is now being recognized as providing a high ROI for the global ecommerce ecosystem," Nextech AR CEO Evan Gappelberg said in a statement.

ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) announced it has closed the second and final tranche of its non-brokered private placement financing of C$1.25 million, raising total gross proceeds of C$5.7 million. The proceeds will be used to finance its Cat-Euclid and Shatford Lake lithium projects in southeast Manitoba, its Clayton Valley and Fish Lake Valley projects in Nevada, and for general working capital purposes, ACME said. As a result of the funding, the company said its working capital now stands at approximately C$11.9 million, with no debt.

Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) has partnered with IdRamp, a decentralized identity orchestration product provider, the company announced. Together, the two companies are expected to launch a new biometric multi-factor authentication (MFA) offering that can be augmented with a range of access management, social sign-on and bring-your-own identity services, all through IdRamp’s no-code platform. Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID)’s advanced biometric tokenization technology streamlines trust assurance with a simple selfie, the company said. The company’s Biometric MFA offers a powerful addition to authentication processes at all levels of risk, from standard account access to financial transaction authentication.

PowerTap Hydrogen Capital Corp. (NEO:MOVE.AQN, OTC:MOTNF) as updated on its zoning application activities for its initial stations in Humboldt County in Northern California, noting that the relevant planning commission has unanimously approved the company’s site design. “With a 6-0 vote, Fortuna's Planning Commission found that the proposed site design is compatible with the surrounding area, meets the criteria in the Fortuna Zoning Code, and will not be detrimental to adjacent property owners or the public at large,” the company said. The company said that a public hearing to review the site design for the first Andretti station incorporating a PowerTap Gen3 modular blue hydrogen production and dispensing unit was held in the first half of May to ensure consistency with the City of Fortuna’s community design guidelines for the area.

Ximen Mining Corp (TSX-V:XIM, OTCQB:XXMMF) said it has closed the final tranche of the private placement previously announced on April 1, 2022 for gross proceeds of $90,000. The company said the final tranche of the non-brokered private placement consisted of 600,000 units at a price of $0.15 per unit. Each unit consists of one common share and one transferable common share purchase warrant, entitling the holder to purchase one additional common share at an exercise price of $0.25 per share for 24 months from the date of issue. Ximen said the net proceeds from the offering will be used for exploration expenses on its British Columbia mineral properties and general working capital. There were no finders fees payable on the final tranche, the company added.

Belmont Resources Inc (TSX-V:BEA) announced that it has started a new drilling program at its Kibby Basin lithium project, which is under a joint venture with Australia’s Marquee Resources. The companies are planning to drill up to 3,000 metres to target a highly conductive geophysical anomaly that Belmont said has the signature for a potential lithium-enriched aquifer beneath the dried lakebed. “We are excited to have our third drill program getting underway after our CBC and Lone Star drill programs,” Belmont CEO George Sookochoff said in a statement. “We plan to have plenty of news coming from these three projects throughout the summer."

Plurilock Security Inc, the cybersecurity solutions provider for workforces, said it has been mentioned as a ‘representative vendor’ in a 2022 Gartner Innovation Insight for Biometric Authentication report. Gartner, which delivers actionable, objective insights to executives and their teams, identified Plurilock as a representative vendor for gesture (mice, trackpads and touchscreens) and keystroke biometric authentication. "We believe our inclusion as a representative vendor in this Gartner report validates Plurilock's position as a leading player in the zero-trust identity space," Plurilock CEO Ian L Paterson said in a statement.

South Star Battery Metals Corp. (TSX-V:STS, OTCQB:STSBF) announced that it intends to complete a non-brokered private placement of units to raise around C$2 million, followed by a share consolidation. The placement will consist of 13,333,333 units priced at $0.15 apiece, with each unit comprising one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at an exercise price of $0.25 per common share for a period of five years from the date of issue.

Binovi Technologies Corp said it intends to grant up to 2,646,349 incentive stock options to certain of its directors, officers, employees and consultants. The company noted that the options, which are governed under its stock option plan, are exercisable at $0.09 per share and have a two-year term. Binovi also announced that it intends to spend up to $500,000 on marketing and advertisement on, but not limited to, Google, Facebook, Yahoo, Bing, and Twitter, as well as on general working capital and investor relations.

GGX Gold Corp said it has closed the non-brokered private placement previously announced on April 1, 2022, by issuing 2,012,333 units for $0.15 cents per unit for gross proceeds of $301,850. Each flow-through unit will comprise one common share (which is a flow-through share for Canadian income tax purposes) and one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at the price of $0.20 for 18 months after closing. The company said proceeds from the private placement will be used for the continued exploration work on its Gold Drop Property in the Greenwood mining camp of south-central British Columbia.

Cardiol Therapeutics (TSX:CRDL, NASDAQ:CRDL) Inc., the clinical-stage life sciences company, said it has appointed Teri Loxam and its chief financial officer Chris Waddick to serve as board directors, effective immediately. Loxam has over 25 years of experience in the pharmaceutical, life sciences, and entertainment industries, while Waddick has over 30 years of experience in financial and executive roles in the biotechnology and energy industries, the company said. "We are delighted that Teri and Chris have agreed to join our board of directors," Dr Guillermo Torre, chairman of Cardiol Therapeutics (TSX:CRDL, NASDAQ:CRDL) (Cardiol Therapeutics (TSX:CRDL, NASDAQ:CRDL), Cardiol Therapeutics (TSX:CRDL, NASDAQ:CRDL)) said in a statement. "Their extensive and diversified experience will be invaluable to our continued growth and success as we advance the development of important new anti-fibrotic and anti-inflammatory therapeutics for the treatment of heart disease."

Vyant Bio (NASDAQ:VYNT) Inc announced that it will be participating in the HC Wainwright Global Investment Hybrid Conference. The event is being held from May 23-26, 2022. During the presentation, Vyant Bio (NASDAQ:VYNT)'s CEO Jay Roberts will be discussing key milestones and achievements on the scientific, business, and strategic fronts. The presentation slides will also be available in the Investors' section of the Vyant Bio (NASDAQ:VYNT) website. Registration is available here. Vyant Bio will also be available for virtual outside 1:1 meetings after the conference. Please contact Jennifer K. Zimmons, PhD at jzimmons@zimmonsic.com or +1 917.214.3514 for scheduling.

Guardforce AI (NASDAQ:GFAI) Company Limited, an integrated security solutions provider, announced that the company’s Chairman Terence Yap will be presenting at the HC Wainwright Global Investment Conference, which is being held on May 23-26, 2022, at the Fontainebleau Miami Beach Hotel, in Miami, Florida. The conference will include virtual and in-person participation. Yap is scheduled to present in-person on Tuesday, May 24, 2022 at 3.00 pm ET. The presentation will be webcast live and available for replay here. The company's management will also be available for one-on-one meetings with qualified investors throughout the conference.

AIM ImmunoTech Inc (NYSE:AIM), an immuno-pharma company focused on the research and development of therapeutics to treat multiple types of cancers, immune disorders, and viral diseases, announced that the company’s CEO Thomas K. Equels, will present at the HC Wainwright Global Investment Conference being held from May 23-26, 2022 in Miami, Florida. A video webcast of the presentation will be accessible for viewing on-demand beginning on Tuesday, May 24, 2022, at 7:00 AM ET for those registered for the event and will be available on the Events page in the Investor Relations section of the company's website. The webcast replay will be archived for 90 days following the event.

Genprex Inc CEO Rodney Varner will be providing a virtual overview of the clinical-stage company's gene therapies for cancer and diabetes to investors at the four-day HC Wainwright Global Investment Conference from May 23-26, 2022. The company said the virtual presentation will be available on-demand within the virtual platform for all delegates beginning May 24 at 7 am ET. Genprex's oncology program utilizes its unique, proprietary, non-viral ONCOPREX(TM)

Nanoparticle Delivery System, which the Company believes is the first systemic gene therapy delivery platform used for cancer in humans. The Company's lead product candidate, REQORSA (quaratusugene ozeplasmid), is being evaluated as a treatment for non-small cell lung cancer.

SPYR (OTCQB:SPYR) (SPYR (OTCQB:SPYR)) Inc announced its placement in an editorial published by NetworkNewsWire (NNW), one of over 50 trusted brands within the InvestorBrandNetwork (IBN). Readers can view the full publication of "From a Single Soda Machine to Everywhere: The Explosion of the IoT" here. The AudioPressRelease is available here The NetworkNewsAudio News Podcast. It's generally accepted that the phrase "Internet of Things" was coined in 1999 during a presentation for Procter & Gamble (NYSE:PG) (Procter & Gamble (NYSE:PG)). However, the company says the concept was already in use more than 15 years earlier when programmers at Carnegie Mellon University connected a Coke machine to the internet so they could see if there were any cold Cokes available before walking to the machine to buy one. After four decades, the Internet of Things (IoT) has become ubiquitous, making its way into essentially every facet of day-to-day life and consumer demand for IoT products has become insatiable. That demand has proved a boon for companies such as New York-based SPYR (OTCQB:SPYR) (SPYR (OTCQB:SPYR)). The tech company through its subsidiary Applied Magix Inc., develops and resells Apple ecosystem compatible products with an emphasis on the growing multibillion-dollar IoT smart home and connected car markets.

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors it has issued 50,000 new common shares of no par value pursuant to the receipt of notices for the exercise of warrants issued in October 2021. The high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins said the application is being made for 50,000 new common shares to be admitted to trading on London’s AIM, which is expected to occur on May 24, 2022. Following admission, it said it will have 214,104,643 common shares in issue with voting rights and admitted to trading on AIM.

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