Co-Diagnostics Inc (NASDAQ:CODX) announced it has shipped testing reagents for the monkeypox virus, currently exhibiting a multi-country outbreak, to one of its international distributors. In a statement, the molecular diagnostics company said the products shipped were designed and developed on an expedited basis to meet the demands in the distributor's region. Over 6,000 cases of monkeypox have been reported to the World Health Organization from 59 countries.
Lavras Gold Corp (TSX-V:LGC) announced that it has filed the technical report for the mineral resource estimate on the Cerrito Gold Prospect on SEDAR. As previously announced on June 6, 2022, the company said the resource estimate shows that Cerrito has an Indicated gold resource of 187,650 ounces and an Inferred gold resource of 293,468 ounces. The estimate presumes a gold cut-off grade of 0.3 grams per tonne.
Lion Copper and Gold Corp (TSX-V:LEO, OTCQB:LCGMF) announced it has closed the final tranche of its US$2 million debenture financing. The second tranche raised gross proceeds of US$925,000. The debentures issued under the second tranche bear interest at the rate of 14% per annum and mature on March 8, 2024. They may be converted into shares of the company at US$0.067 per share until July 8, 2023 and thereafter at US$0.078 per share.
Doré Copper Mining Corp. (TSX-V:DCMC, OTCQX:DRCMF) said it has received the first results from its 45,000-metre (m) drilling program at its flagship Corner Bay copper-gold deposit in Quebec, as the company works toward updating the site’s Inferred Mineral Resource to the Indicated category. The company said as of July 4, it has completed 32 drill holes totalling 33,900m and it is reporting the results from 13 holes. The program was designed to infill the Corner Bay deposit at a 50 to 60m spacing from surface to a depth of 1,000m and to potentially expand the higher-grade copper zone in the Main Vein above the dyke.
Rio2 Limited (TSX-V:RIO, OTCQX:RIOFF) said it is evaluating various options to advance its Fenix gold project in Chile, one of the largest undeveloped gold oxide, heap leach projects in the Americas. The news comes following the Atacama Regional Evaluation Commission's decision to not approve the Environmental Impact Assessment (EIA) for the project. In a statement, Vancouver-based Rio2 thanked investors, government authorities and community organizations that participated in the consultation process for their support. The company said it is waiting for the Environmental Qualification Resolution (RCA), which is the administrative document with which the Environmental Assessment Service (SEA), outlines the rationale for their decision.
Naturally Splendid Enterprises Ltd has said it will continue to focus on higher-margin products and commercial opportunities for its new plant-based line as it reports financial results for the three months ended March 31, 2022. "We are continuing to implement our strategic plan focused on plant-based opportunities. The company is evolving the manufacturing capabilities and capacities of our existing certified food manufacturing facility as our product mix shifts to more plant-based entrees and appetizers from bars and bites,” Naturally Splendid CFO George Ragogna said in a statement. “We have shifted our product mix due in large part to the 10-year Canadian exclusive manufacturing and distribution agreement that we executed with Australia's largest plant-based manufacturer, Flexitarian Foods. This agreement is renewable for a further 10 years.”
SpotLite360 IOT Solutions (CSE:LITE) Inc said it has entered into an agreement with Denver-based Eco Green Grow, LLC—doing business as Verde Natural—to provide services, technology, and equipment for the environmental condition of Verde Natural's Colorado-based indoor cultivation facility. The services will be provided by Spotlite360’s subsidiary E3 Service Group LLC. "We bring optimization expertise of design, build and cultivation project management with operators in over a dozen states, effectively managing different cultivation variables and environmental conditions,” Bryson Guyer, Founder of E3 said in a statement.
Jushi Holdings Inc has announced that its redesigned Beyond Hello Palm Springs retail location will reopen on Wednesday, July 13, 2022 at 9:00 am PT. Following the redesign, the retail location at 4765 E Ramon Road features a new desert-inspired aesthetic, locally-sourced cannabis and artisan crafts, along with a new art exhibit from award-winning photographer, Jushi chief creative director Andreas (Dre) Neumann, the cannabis company said. "Palm Springs has long been a playground for outdoor enthusiasts, music lovers and cannabis connoisseurs, so it's fitting that our store personifies the best California has to offer," Jim Cacioppo, chief executive officer, chairman and founder of Jushi said in a statement. "Beyond Hello Palm Springs provides our guests with a new retail experience that they can enjoy on their way to Joshua Tree National Park, Coachella or a quick dinner. As adventure seekers ourselves, we aim to bring the excitement of discovering new things to every aspect of our in-store and digital customer experience.”
Algernon Pharmaceuticals Inc, a clinical stage Canadian pharmaceutical development company, has provided an update on its chronic kidney disease (CKD) research program with NP-251 or Repirinast. The company said in a pre-clinical animal model of kidney fibrosis, Repirinast reduced fibrosis by 50% with statistical significance, and showed an additive improvement when given in combination with Telmisartan, a blood pressure lowering medication considered to be a front line, standard of care treatment for CKD. Algernon previously announced it had initiated a new CKD research program to investigate Repirinast as part of its drug repurposing program. Repirinast was originally an asthma drug developed by Mitsubishi Tanabe Pharma for the Japanese market.
Zoglo's Incredible Food Corp announced that its plant-based products will be available for purchase on IGA's new online grocery and delivery service, Voilà par IGA, beginning August throughout all of Quebec. “We are very pleased to be expanding our offering to leading online grocery and delivery platforms to provide new and existing Zoglo's customers with greater optionality,” Zoglo's Incredible Food CEO Anthony Morello said in a statement. Zoglo's Incredible Food currently offers 14 products through its Traditional Green Box product line and aims to offer 12 products for the mainstream market through its new Zoglo's Incredible Black Box product line.
Sassy Resources (CSE:SASY, OTCQB:SSYRF) Corporation announced that the first tranche of its non-brokered private placement to raise funds for exploration at the Westmore gold discovery has generated over $3.2 million. The junior resource firm issued 16,564,925 common shares with no warrants attached for gross proceeds of $3,230,160. The second tranche is expected to close shortly, according to Vancouver-based Sassy.
Perk Labs Inc has announced that it has completed the build of custom branded apps for Chun Fun How and SoyTalk and that the company plans to launch them in the Apple App and Google Play stores this week. The digital franchise company said that its custom branded apps were built on its Perk Hero platform and leveraged its downloadable merchant app, merchant web portal, and powerful features such as mobile ordering, contactless payment, digital wallets, and loyalty. Perk chief technology officer Gary Zhang said the company’s platform was built to empower restaurant clients with flexible and scalable solutions for their own custom branded applications.
Perma-Fix Environmental Services (NASDAQ:PESI) Inc has announced that it is one of just three suppliers to be awarded a framework contract by Nuclear Waste Services (NWS), part of the UK's Nuclear Decommissioning Authority (NDA). The company has been selected to compete for firm, fixed-price and cost-reimbursement task orders for the treatment and conditioning of radioactive waste in the UK, with a maximum value of £41 million (US$48.8 million) over four years. The agreement includes a variety of services covering the full waste lifecycle such as project management, expert advice, characterization, site preparations, dismantling, transport, segregation, treatment, conditioning and optimized disposal, the company said.
ION Energy Ltd said that a recent geophysical survey on its Urgakh Naran lithium brine project has detected high conductivity and low resistivity across the basin. The TEM (Transient Electro Magnetic) survey identified very low resistivity northeast structures narrowing from the southwest to the northeast direction in the central licence of the Mongolia-based project, according to a statement from ION. The company told shareholders that the 82 line-kilometre TEM survey was “highly successful” in meeting all of its objectives.
PlantX Life Inc announced that it generated monthly gross revenue of C$1,489,988 for June 2022, with the cost of goods sold totaling C$968,492 for the same month. The plant-based products provider said its year-over-year gross revenue increased by about 97%, or C$735,988. “Our team is extremely dedicated and works day in and day out to contribute to the success of each of the company's verticals and more importantly, establish the tone for becoming leaders in the e-commerce plant-based space,” PlantX Life CEO Lorne Rapkin said in a statement.
NorthWest Copper (TSX-V:NWST) Corp said drilling has started at its 100%-owned East Niv project in north-central British Columbia, involving around 3,400 metres (m) of drilling and six drill holes in the first phase for 2022. The company said that East Niv is its third drill project to be activated in 2022. Drilling is already in progress at Kwanika and Stardust where 26 holes have been completed this year. At the East Niv discovery, drilling in 2021 outlined a mineralized footprint of 1.5 x 1.0 km, open in all directions. The strongest mineralization was intersected at the northwest edge of this footprint.
Mindset Pharma noted that The Globe and Mail in its July 8 edition said that Echelon Capital analyst Stefan Quenneville started coverage on the company with a 'speculative buy' rating, seeing it poised to benefit from a first-mover advantage in the "highly competitive" next-gen psychedelics industry through patenting of its innovations. The Globe's David Leeder writes in the Eye On Equities column that Quenneville set a share target of C$1.25, representing 279% upside from current levels. Quenneville was quoted saying: "Mindset is developing four families of drug candidates inspired by psilocybin and DMT but with improved safety profiles and optimized potency and bioavailability. By leveraging the existing data generated in ongoing trials of the classic psychedelic compounds, they may also be among the first second-gen psychedelic drugs to market with robust patent protection. While TRD and end-of-life cancer angst are growing, multi-billion-dollar markets, Mindset's drug candidates could further expand these and other markets by accelerating the onset of action and truncating the hallucinogenic effects, potentially allowing for higher clinical patient throughput."
Eric Sprott has announced that on July 8, 2 million common share purchase warrants of Mountain Boy Minerals Ltd (TSX-V:MTB, OTCQB:MBYMF), held by 2176423 Ontario Ltd, a corporation he beneficially owns, expired unexercised, representing a decrease in holdings of around 6.5% of the outstanding shares on a partially diluted basis since the date of the last early warning report. As a result of the warrant expiry, Sprott now beneficially owns and controls 4 million shares, representing around 6.3% of the outstanding shares on a non-diluted basis. The warrants expiry resulted in an ownership change, on a partially diluted basis, of 6.5% since the last filing of an Early Warning Report and bring total holdings to under 10%. As a result, Sprott and 2176423 Ontario Limited ceased to be insiders of Mountain Boy Minerals.
Kenorland Minerals Ltd (TSX-V:KLD) has revealed impressive final drill results from the 2022 winter drill program at the Frotet project in northern Quebec, held under joint venture (JV) with Sumitomo Metal Mining Canada Limited (SMMCL). The Vancouver-based mineral exploration company reported assays from the remaining 5 of 25 drill holes completed at Regnault, including 2,840 meters (m) of the 10,880-meter program. The drilling was designed to expand the strike extent along the R2 and R4 trends, testing the down-dip extents of the R1 mineralized structure, and exploring for mineralized structures immediately to the south of R1. Along the R1 trend, Kenorland said highlights included hole 22RDD135, which stepped 135m east from 22RDD129 at 4m at 5.72 grams per ton (g/t) gold, and intersected 1.70m at 25 g/t Au including 0.45m at 87 g/t Au.