Falcon Gold Corp announced it has mobilized ground crews to its Gander North project for its first exploration program on the Newfoundland-based property. Exploration will consist of baseline prospecting, soil sampling, and trenching to vector future drill targets. Falcon has received its initial permits, it told shareholders in a statement.
Alkaline Fuel Cell Power Corp has announced the appointment of Carmine Marcello to the role of advisor to assist with the development of its growing asset base. The company noted that Marcello previously served as CEO of Hydro One Inc, one of Canada’s largest transmission and distribution companies with a market cap of over $20 billion and over $23 billion in assets, from 2013 to 2015. In his role as advisor, AFCP said Marcello brings extensive asset development and management expertise to guide the company as it establishes the development and operations of energy assets.
CleanSpark Inc said it has taken over an existing purchase contract for 1,800 Antminer S19 XP units as it continues to expand its infrastructure. The sustainable bitcoin mining and energy technology company said once fully deployed, the machines are expected to add over 252 petahashes per second (PH/s) to its bitcoin mining capacity. “We were able to secure the contract at an exceptional price because of our strategic relationships and the unique circumstances that current market conditions have created,” CleanSpark CEO Zach Bradford said in a statement.
GreenBank Capital Inc announced that its portfolio company Ubique Minerals Limited has received a report from its own subsidiary Resource 500 V Ltd (R500) covering an exploration license in Nambia. The report, dated June 6, covers exploration license EPL7167. The report suggests that sufficient information exists to undertake work on the ground and that it should focus on the identified trends with surface geochemical sampling followed by drilling, the company noted. Ubique and R500 are now working to determine next steps, according to Ubique CEO Vilhjalmur Vilhjalmsson.
Think Research Corporation has announced that its subsidiary, BioPharma Services Inc, has continued its record of audit achievement following the successful completion of an audit by the US Food and Drug Administration (FDA) of its Toronto clinical facility for compliance with Good Clinical Practice (GCP) regulations. Think said the FDA inspector, observed by Health Canada, reviewed two studies during the week of May 9, 2022, resulting in no critical findings and the issuance of zero Form 483 observations. A Form 483 observation is a notice that highlights potential regulatory problems. "The positive results of the audit by the FDA are a testament to the hard work and dedication of each employee at BioPharma,” Think CEO Sachin Aggarwal said in a statement. “I commend the team for their commitment to providing a level of quality and excellence clients can depend on."
Plurilock Security Inc offers investors a compelling risk-reward profile and a great entry point to the stock, according to analysts at Industrial Alliance Securities, who have initiated coverage on the cybersecurity solutions company with a ‘Buy’ rating. Analysts at the firm set a $0.65 price target, writing that “while some tech names were trading at excessive numbers, PLUR looks like a relative bargain and is trading at just a blended 2023 EV/revenue multiple of 0.1x, which is significantly below its value-added reseller (VAR) peers at 0.6x.” Plurilock is currently trading at around $0.16 per share.
Nova Royalty Corp announced that its CEO Alex Tsukernik and his team joined Toronto Stock Exchange head, global mining business development Dean McPherson to celebrate the company's new listing on TSX Venture Exchange and open the market. Nova Royalty is focused on providing investors with exposure to premier copper and nickel assets - the key building blocks of the global energy transition.
Nextech AR Solutions Corp has announced that it is moving away from its legacy e-commerce business, with a renewed “laser-focus” on its Web 3.0 software-as-a-service (SaaS) business providing leading-edge 3D/augmented reality solutions. The company said the transformation will result in its transition to a pure-play Web 3.0 services business as it winds down its legacy eCommerce business, including vacuumcleanermarket.com, trulyfesupplements.com and infinitepetlife.com, effective immediately. “We are extremely excited about the growth prospects of our 3D modeling and AR business in 2022 and beyond and see this transformation as the next logical step in our stated goal to be the 3D model factory for the metaverse,” Nextech CEO Evan Gappelberg said in a statement. “Nextech continues to gain traction in the 3D technology space by signing new deals and building its MRR (monthly recurring revenue) and ARR (annual recurring revenue).”
Sassy Resources (CSE:SASY, OTCQB:SSYRF) Corporation said it has completed the purchase of 5,273 mining claims involving 1,318 square kilometers in Newfoundland for 4,260,000 shares and $500,000 in cash through a series of transactions. Sassy said it then sold the claims on, through a subsidiary, to privately-held Galloper Gold Corp for 8 million shares of Galloper Gold and $700,000 in cash. “Sassy has made great strides since early last year at creating a foundation for long-term financial success with strategic ownership positions in three exciting entities, each with a bright future in our view,” Mark Scott, the company's president and CEO said in a statement.
CULT Food Science Corp has said its Singapore-based portfolio company Umami Meats recently won two awards for sustainable seafood in Asia, while also making significant progress in research and development, and human resources. The company said Umami, a food-tech start-up developing sustainable seafood that is cultivated and not caught, was recognized as the Best Sustainable Seafood Company in Southeast Asia by Acquisition International and as Best Sustainable Seafood Company in the 2022 Singapore Business Awards. “We are impressed by the significant progress that Umami has made in various areas in such a short period of time. Since CULT invested in Umami, our management team has admired how the venture has taken stride after stride in a positive and valuable direction,” CULT CEO Lejjy Gafour said in a statement.
Group Eleven Resources Ltd has said its first-ever drill intercept of a major fault structure at its Stonepark project in Limerick, Ireland, strongly corroborates its view that the area has the potential to host zinc mineralization similar in style and scale to Glencore's nearby Pallas Green deposit. Updating investors on exploration drilling at the project, Group Eleven said it intercepted a major fault structure with zinc mineralization at the Carrickittle West Prospect. It noted that the structure is on the south side of the Limerick Volcanic Complex (LVC), approximately 5-6 kilometres (km) south of the Pallas Green zinc deposit, cutting through the Waulsortian Limestone (a key unit for zinc in Ireland) and hosting zinc mineralization.
TraceSafe Inc has announced that its smart building solution, SafeTown, won the prestigious loT Award in the Real Estate Category at the recently announced Singapore Business Review's (SBR) Technology Excellence Awards 2022. The SBR Technology Excellence Awards is part of the regional Asian Technology Excellence Awards, now running in 50 countries, and spotlights technological innovations of Singapore-based companies that are embracing the ongoing digital revolution, the company said. It noted that SafeTown was recognised for its ability to offer unprecedented connectivity and operational insights to large-scale infrastructure projects across the world.
Thesis Gold Inc has outlined its plans for a fully-funded exploration program at its Ranch project in the 'Golden Horseshoe' of British Columbia, which has now started, and will include 50,000 metres (m) of diamond drilling. The work is also set to involve ground magnetic surveys covering 8.7 square kilometres (sq km) and the taking of up to 4,000 soil samples. "We are extremely excited to begin this major 50,000-metre drilling campaign," Ewan Webster, Thesis CEO, told investors in a statement. "Our group has evaluated all datasets collected last year and the technical team has developed many prospective targets that will be drill-tested in the coming months."
Wellbeing Digital Sciences Inc announced that a clinical study conducted by its wholly-owned subsidiary, KGK Science Inc, has shown positive results of its GJ 191 supplementation (JointAlive) in treating osteoarthritis. The randomized, double-blind, placebo-controlled intervention demonstrated that supplementation with GJ 191 provided reductions in current knee pain at six and 12 weeks. Additionally, after 12 weeks, 53% of participants reported a clinically important improvement in knee symptoms. Seventy-two males and females between 40-73 years were enrolled in the study and participants consumed either GJ 191 or a placebo daily for 12 weeks. "This clinically meaningful change has impact on this population of patients with self-reported knee pain," Dr Mal Evans, chief scientific officer at KGK Science said in a statement.
Golden Arrow Resources Corp said it has commenced the first exploration program at its new 100% held San Pietro copper-gold-cobalt project in Chile. The Vancouver, British Columbia-based mining exploration company told investors it has retained two Chilean project geologists with extensive experience in geologic systems like those in and around San Pietro. The program has commenced with detailed surface mapping and sampling and is expected to include trenching and an updated geophysical program in the next six months. At the same time, it said the crew is engaged in re-logging much of the 34,000 metres of historic drill core. This work will modernize and build the database for the main prospects to refine the targets for a subsequent resource delineation drill program, the company added.
The Valens Company has announced the launch of a Quebec-exclusive brand, Bon Jak, as it continues to build its presence in Canada’s second-largest province. The leading manufacturer of branded cannabis products said the addition of several exciting new SKUs under the Bon Jak brand is focused on delivering unique user experiences in the province. Consumers can expect to purchase the products through the retail and online channels of the Societe Quebecoise du Cannabis (SQDC) effective September 12, 2022, it added.
Electric Royalties Ltd said it has had a tremendous first half of 2022 with 24 exciting developments across 11 assets within its royalty portfolio. In an asset update on its current royalty portfolio, the company’s CEO Brendan Yurik highlighted the high-grade copper-cobalt Millennium project in Australia, where drilling is underway with assays expected later this year. Other achievements include the receipt of drill results on the Seymour Lake lithium project in Ontario where a resource estimate is imminent, and metallurgical development milestones being advanced at the Battery Hill manganese royalty, with operator Manganese X Energy Corp initiating a number of discussions with potential strategic partners seeking high-purity manganese products.
Jushi Holdings Inc has welcomed the Commonwealth Court of Pennsylvania’s order temporarily halting the Pennsylvania Department of Health’s (DOH) recall of certain vaporized medical marijuana products. The court granted Medical Marijuana Access & Patient Safety Inc's application to vacate the automatic stay of injunctive relief ordered on June 2 this year. "On behalf of Pennsylvania’s medical marijuana patient community, we would like to extend our appreciation to the Commonwealth Court for its thoughtful assessment of the facts and circumstances upon which DOH’s February recall of tested, approved medical marijuana vaporization products containing terpenes was based, and for the subsequent orders issued on June 2 and June 15 allowing responsible operators to again make these products accessible to patients,” the company said in a statement.
Bridgeline Digital Inc, a provider of cloud-based marketing technology software, announced that Federal Credit Union (FCU) has chosen its Unbound product to support its digital presence. The company said the regional bank has signed a multi-year deal to increase its infrastructure for higher performance with managed hosting. As a long-term customer of Bridgeline, it said the regional FCU recognized its Unbound powered site as a crucial part of its customer experience and sought to expand its commitment. Bridgeline noted that Unbound also reduces system errors through a checks and balances protocol. This gives the credit union the ability to control website content and data safely without the need for code, it added.
Vivakor Inc has announced plans to acquire two companies with assets in the key US oil states of Louisiana and Texas in a deal worth around $37.4 million. The company struck a definitive agreement to acquire Silver Fuels Delhi LLC, operating in Louisiana, and White Claw Colorado City LLC, which operates in Texas. California-based Vivakor said the acquisitions will allow the company to enter a synergistic segment of the energy industry with the combination of a crude oil gathering, storage, and transportation facility, which feature long-term ten-year take or pay contracts. Vivakor CEO Matt Nicosia called the potential acquisitions a “monumental opportunity” for Vivakor.
PharmaDrug Inc has released positive findings of a study of its cepharanthine (PD-001) candidate, which showed that when it is combined with chemotherapy drug paclitaxel, can treat esophageal cancer. The study showed it to reduce tumor volume and improve the inhibition of tumor growth. "We are extremely excited to continue to broaden the use case for PD-001 as a treatment for esophageal cancer," said Daniel Cohen, the CEO of PharmaDrug. "This study outcome serves to further support our goal of moving towards an FDA clinical trial and will provide the company with the opportunity to fully leverage the benefits of the previously granted FDA orphan drug designation for cepharanthine-based treatment of esophageal cancer."
Altamira Gold Corp has provided an exploration update on its three main project areas, Cajueiro, Apiacas and Santa Helena, covering a surface area of 163,000 hectares in the Alta Floresta Gold Belt in northern Mato Grosso, Brazil. In a statement, Altamira Gold CEO Michael Bennett said: "The initial drill results at Mutum (Apiacas) have provided significant encouragement regarding the potential for a large, disseminated gold system extending over at least 2 kilometers (km) strike length.” He added: “Whilst we wait for drill results from 23 holes at the Santa Helena project, the rig is currently testing several highly prospective targets at Cajueiro including the previously untested Maria Bonita gold-in-soil anomaly where gold values in soils exceed 1 gram per ton (g/t) gold.”
Hillcrest Energy Technologies Ltd is developing a high-efficiency power inverter that the company says can be an “unassuming power electronics hero” when it comes to electrifying and decarbonizing energy systems. “Our clean-energy technologies specifically target efficiencies in electric machines and can be deployed to maximize performance across a wide variety of applications within the electric ecosystem, from electric vehicles (EVs), energy storage systems to grid-connected power generation,” Hillcrest CEO Don Currie said in a statement. “In addition to scaling our in-house development and design capabilities, Hillcrest has initiated targeted discussions with strategic partners with the potential to scale with us.”
Trust Stamp Inc has announced that its CEO Gareth Genner will join a trade delegation organized by TradeMalta to attend the Commonwealth Business Forum coinciding with the Commonwealth Heads of Government Meeting (CHOGM). CHOGM will take place in Rwanda from June 20, 2022, to June 25, 2022, with the theme of 'Delivering a Common Future: Connecting, Innovating, Transforming.' The Commonwealth Business Forum brings together the Commonwealth's most senior business leaders alongside Heads of Government and Ministers for three days of discussions, networking, and deal-making. With over 1,000 expected participants, it is designed to provide different ways to create meaningful connections, exchange knowledge, contribute to impactful dialogue and consume information. Genner commented: "With intra-Commonwealth trade expected to surpass $700 billion in 2022 and Commonwealth countries comprising a number of free trade zones including the Africa Continental Free Trade Area (AfCFTA), the Commonwealth Business Forum provides a valuable opportunity to capitalize on global opportunities for economic growth and social development. Trust Stamp's investment in cross-national development and ongoing governmental relationships position us to develop and deliver equitable, accessible, and inclusive technology that enables organizations and individuals to transact more freely and with trust." Trust Stamp established its Rwandan subsidiary in 2021, which currently employs 16 people out of its Kigali office. The company recently entered into a memorandum of understanding with the African Institute for Mathematical Sciences to together further research in identifying and addressing race and ethnicity-based discrepancies in the performance of biometric systems resulting in systemic inequities.
Southern Energy Corp announced that Paul Baay has agreed to join the company's board of directors as a non-executive director, subject to the completion of customary due diligence required in accordance with the AIM Rules for Companies. The natural gas exploration and production company said Baay, who previously acted as a special advisor to Southern and is currently CEO of Touchstone Exploration, brings more than 25 years of experience leading oil and gas exploration and production companies to his new role. “Paul's experience across the oil and gas industry and capital markets has been of significant value in his role as an advisor to the company and we look forward to working even closer with him in the near future,” Southern Energy non-executive chairman Bruce Beynon said in a statement.
LQwD Fintech Corp said that Peter Loretto has resigned as an independent director of the company for personal reasons. LQwD said it would like to thank Loretto for his contributions, and noted that its board now consists of Shone Anstey, Ashley Garnot, Pino Perone and Kim Evans.
Unigold Inc said the TSX Venture Exchange has consented to the extension in the expiry date of 16,629,167 warrants with an original expiry date of June 23, 2022, to a new expiry date of December 23, 2022, and an unchanged exercise price of 30 cents. These warrants were issued under a private placement of 33,333,334 shares with 16,666,667 share purchase warrants attached, which was accepted for filing by the exchange effective July 3, 2020.
Vanstar Mining Resources Inc has announced that it will be participating in The Mining Investment Event of the North, which will be held in person and will take place on June 19-21, 2022, at the Fairmont Chateau Frontenac and Voltigeurs de Quebec Armoury in Quebec City, Canada. JC St-Amour, president & CEO will be presenting at 8.00am ET on June 20, 2022. Management from Vanstar Mining Resources will also be holding one-on-one investor meetings throughout the three-day conference. Interested parties should contact Nancy Larned at nlarned@vidconferences.com to inquire about registering to attend. Information regarding the event including investor registration details, a list of participating companies, panelists and keynote speakers and a preliminary agenda can be found at https://vidconferences.com/conferences-events/in-person/canadas-first-tier-1-mining-conference/.