Numinus Wellness Inc posted fiscal third-quarter results that saw its revenue jump 31.8% year-over-year, helped immeasurably by the company’s new acquisitions Mindspace and the Neurology Centre of Toronto. For the period ended May 31, 2022, the Vancouver-based leader in psychedelics-focused mental healthcare, reported revenue of $0.74 million. The company revealed that its flagship Numinus Wellness Clinic Network contributed $731,064 to quarterly revenue, an 59.5% increase from $458,316 during the same quarter a year earlier. The firm noted that revenue declined by 5.7% sequentially from the previous quarter, due to shifting strategic priorities at Numinus Bioscience – where analytical testing services for third-party corporate clients have ceased due to changing sector dynamics.
Mason Graphite Inc announced that its shareholders have approved a proposed joint venture transaction with Nouveau Monde Graphite Inc at a special meeting of shareholders held Thursday. Under the JV deal, Mason Graphite will grant Nouveau Monde the option to acquire a (51%) co-ownership interest in its Lac Gueret property to undertake exploration, development and mining activities. Concurrently, shareholders also approved a change of business for the company from a "Tier 2 mining issuer" to a "Tier 2 investment issuer.” Mason Graphite expects the closing of these transactions, as well as a private placement of 5 million common shares to Nouveau Monde at a price of $0.50 for gross proceeds of $2.5 million, to occur on or about July 20.
Perk Labs Inc announced that it has ended the at-the-market equity program that allowed it to issue and sell common shares to the public. In total, the company raised gross proceeds of $3,241,596 through the program since announcing it on July 29, 2020. Perk Labs also said that it recently divested 2,539,000 shares of Hero Innovation Group (LSE:TIG) Inc (formerly Euro Asia Pay Holdings Inc) for gross proceeds of $203,120. The company holds a remaining balance of 5,100,000 shares.
Bridgeline Digital Inc (NASDAQ:BLIN) has announced that its AI-powered site search and recommendation software, Hawksearch, has launched on the website of leading pump manufacturer Procon Products. The company said Procon’s site, which lists more than 10,000 products, would leverage Hawksearch to power search, recommendations, and search information management (SIM), providing an organized, easy-to-use shopping experience within their expansive catalogue to drive revenue growth. Bridgeline noted that Procon had production plants across the globe, meaning it required a more sophisticated search AI like Hawksearch to support different languages and measurement systems.
Nomad Royalty (TSX:NSR) Company Ltd said it has filed a management information circular for its upcoming special meeting of the shareholders, to be held virtually at 11 am ET on August 9. Shareholders will have the chance to approve the previously announced acquisition of Nomad by Sandstorm Gold Ltd by way of a plan of arrangement under the Canada Business Corporations Act. Under the terms of the deal, Sandstorm will acquire all outstanding common shares of Nomad for a consideration per Nomad share of 1.21 common shares. The arrangement is expected to close in the fourth quarter of 2022, the company said.
Western Magnesium Corp announced that it has received metal purity analysis data from the second calibration process run of unrefined magnesium metal direct from the commercialized pilot plant, which resulted in a magnesium concentration of 99.62%. The pending producer of primary magnesium metal said the third-party metal purity analysis was conducted using Laser Ablation ICP Mass Spectrometry at Fipke Laboratory for Trace Element Research (FiLTER) located at the University of British Columbia Okanagan in Kelowna. “The received purity results continue to exceed our expectations and validate without a doubt more than 11 years of research and development,” Western Magnesium executive chairman Edward Lee said in a statement.
CleanSpark Inc (NASDAQ:CLSK) told investors it has acquired 1,061 Whatsminer M30S machines that are already mining bitcoin at Coinmint's renewable-powered co-location facility, adding around 93 petahashes per second (PH/s) of computing power to CleanSpark's existing mining capacity. The company's computing power has increased by 47% over the last six months, while its monthly bitcoin production has grown 50% in the same period.
TRX Gold (TSX:TNX) Corporation revealed its latest production figures from its Buckreef gold operation that showcased the mine’s highest quarterly production. During its fiscal 3Q for the three-month period ended May 31, 2022, Buckreef delivered 2,733 ounces of gold and sold 3,033 ounces –both of which are quarterly records, according to TRX. The company achieved a low cash cost of $508 per ounce of gold, and a significant gross margin of 73%, resulting in record quarterly net income of $2 million, it said in a statement.
Recruiter.com Group Inc has announced an upcoming webinar, Growing your remote business: Strategies to Expand Global Teams, with its partner, Oyster, which will be held today, July 14, 2022, at 1 PM EDT. Recruiter.com said its senior enterprise account executive, Josh Ramsey, and Oyster's senior director of recruiting, Eryn Marshall, will join together to discuss how the rise of remote work has afforded companies the opportunity to take their recruiting strategies global and hire top talent, regardless of their physical location. “I am excited for the opportunity to discuss what Recruiter.com and Oyster have learned while growing our companies across borders, remotely,” Recruiter.com senior enterprise account executive Josh Ramsey said in a statement. “We are currently working together to help shape the future of work, by making global employment more accessible for both employers and candidates alike,” Ramsey added. Interested participants can register here.
Nomad Royalty Company Ltd said it has filed a management information circular for its upcoming special meeting of the shareholders, to be held virtually at 11 am ET on August 9. Shareholders will have the chance to approve the previously announced acquisition of Nomad by Sandstorm Gold Ltd (Sandstorm Gold Ltd (TSX:SAND)) by way of a plan of arrangement under the Canada Business Corporations Act. Under the terms of the deal, Sandstorm will acquire all outstanding common shares of Nomad for a consideration per Nomad share of 1.21 common shares. The arrangement is expected to close in the fourth quarter of 2022, the company said.
Wishpond Technologies Ltd, a provider of marketing-focused online business solutions, said it will host a corporate update webinar, which will cover the company’s recent corporate activities and financial performance. The webinar will be anchored by Wishpond CEO and chairperson Ali Tajskandar, and Wishpond CFO David Pais. The conference will provide deeper insights into Wishpond’s current 2022 performance and highlight some of the major developments that the company has achieved so far this year. The event will take place on July 21 at 11 am PT. Investors can regist by using the link here.
Information Services Corporation (ISC (TSX:ISV)) reported that it will release its financial results for the second quarter ended June 30, 2022 on Wednesday, August 3, 2022 after market close. The company's unaudited condensed consolidated interim financial statements and notes and management's discussion and analysis for the second quarter will be available on SEDAR at www.sedar.com and the company website at www.company.isc.ca. An investor conference call will be held on Thursday, August 4, 2022 at 11am EST to discuss the results. Those joining the call on a listen-only basis are encouraged to join the live audio webcast which will be available on the company's website. Participants who wish to ask a question on the live call may do so through the ISC website or by registering through the live call URL.
Guardforce AI Co Limited, the integrated security solutions provider, has announced that chairman Terence Yap will be participating in the Benzinga All Access event taking place on July 22 this year. Yap is scheduled to present on Friday, July 22, 2022, at 10am EST. The event will be broadcast live and can be viewed here. An archived recording of the presentation will be available on the investor relations section of the company's website.
OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, has announced that LithiumBank Resource Corp, an exploration and development company, has qualified to trade on the OTCQX Best Market and has upgraded to OTCQX from the OTCQB Venture Market under the symbol 'LBNKF'. 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.
OTC Markets Group also announced that Grayscale Decentraland Trust has qualified to trade on the OTCQX Best Market and Grayscale Basic Attention Token Trust, Grayscale Chainlink Trust, Grayscale Filecoin Trust, and Grayscale Livepeer Trust have qualified to trade on the OTCQB Venture Market.Trading on OTC Markets Group's premium markets offers companies efficient, cost-effective access to the US capital markets. Streamlined market requirements are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. Grayscale Decentraland Trust (MANA) is an investment vehicle that enables investors to gain access and exposure to Decentraland in the form of a security without the challenges of buying, storing, and safekeeping Decentraland directly. Grayscale Basic Attention Token Trust (BAT) is an investment vehicle that enables investors to gain access and exposure to Basic Attention Token in the form of a security without the challenges of buying, storing, and safekeeping Basic Attention Token directly. Grayscale Chainlink Trust (LINK) is an investment vehicle that enables investors to gain access and exposure to Chainlink in the form of a security without the challenges of buying, storing, and safekeeping Chainlink directly. Grayscale Filecoin Trust (FIL) is an investment vehicle that enables investors to gain access and exposure to Filecoin in the form of a security without the challenges of buying, storing, and safekeeping Filecoin directly. Grayscale Livepeer Trust (LPT) is an investment vehicle that enables investors to gain access and exposure to Livepeer in the form of a security without the challenges of buying, storing, and safekeeping Livepeer directly.
The Valens Company (TSX:VLNS, OTCQX:VLNCF) Inc has posted a second-quarter revenue of $24 million, up 3.5% from the previous quarter’s $23.2 million, driven by double digit growth in subsidiary Green Roads and business-to-business (B2B) sales. Revenue for the three months ended 31 May, 2022 was partially offset by a decline in provincial sales, although the segment has rebounded strongly in June with record monthly revenue, the cannabis company said. "The second quarter of 2022 clearly shows that we are executing on our 2022 objectives showing both modest revenue growth in the quarter and a meaningful decline in both cash burn and SG&A expenses,” Valens CEO Tyler Robson said in a statement.
Sassy Resources (CSE:SASY, OTCQB:SSYRF) Corporation has closed the second and final tranche of its oversubscribed non-brokered private placement, raising additional gross proceeds of $404,750 through the issuance of 2,075,641 common shares at 19.5 cents per share. The junior resource firm said the total gross proceeds raised in both tranches is $3,634,910.
American Manganese Inc, doing business as RecycLiCo Battery Materials, has announced encouraging results of a life cycle assessment (LCA) on the company's lithium-ion battery recycling-upcycling process. Minviro, a London-based consultancy specializing in carrying out LCAs, completed the assessment and found that competing hydrometallurgical recycling methods will likely produce 166% more CO2 equivalent emissions when compared to the RecycLiCo process. "To put this into context, such a variance is about the same as 17,000 tons of CO2 per GWh of NMC battery material recycled, which is roughly equivalent to the amount of emissions made by 3,700 vehicles in a year on average,” said RecycLiCo.
AIM ImmunoTech Inc (NYSE:AIM) said it will participate in the Virtual Investor Innovations in Oncology Spotlight Series on Monday, July 25, 2022 at 8:30 AM ET. During the event, the company will discuss its lead asset in development, Ampligen (rintatolimod), and its clinical development for the treatment of pancreatic cancer. As part of the virtual event, Thomas K. Equels, MS JD, Chief Executive Officer and Chris McAleer, PhD, Deputy Chief Science Officer of AIM ImmunoTech, will be joined by Key Opinion Leader Professor C.H.J. van Eijck, MD PhD, of Erasmus Medical Center.
Versus Systems Inc said it has entered into a definitive agreement with an institutional investor for the purchase and sale of 4,145,000 of the company's common shares at $0.52 each in a registered direct offering. The closing of the offering is expected to occur on or about July 18, 2022. Additionally, in a concurrent private placement, the company said it will issue to the investorm warrants to purchase up to 6,217,500 common shares. The warrants have an exercise price of $0.52 and will be exercisable six months following issue and will have a term of five and a half years following issue.
EverGen Infrastructure Corp (TSX-V:EVGN) said it has completed the acquisition of a 67% interest in Grow the Energy Circle Ltd (GrowTEC), an Alberta-based renewable natural gas (RNG) facility. GrowTEC, located on the Perry Family farm near Lethbridge, Alberta, is a multi-faceted bioenergy venture of sustainable agriculture, integrating responsible best practices and renewable energy, EverGen said. Consideration for the acquisition was $2.1 million in cash and the issuance of 600,000 common shares of EverGen. Additional cash payments of up to $4 million will be made upon achievement of certain operational milestones.
Red Pine Exploration Inc (TSX-V:RPX, OTCQB:RDEXF) announced new results from its 2022 Phase 1 exploration program at its Wawa gold project in northern Ontario, saying it has hit high-grade gold mineralization in the Minto Mine Shear Zone with drill results that included 68.7 grams per tonne (g/t) gold over 4.7 metres (m) and 231.5 g/t gold over 1.2m. The explorer also said it has confirmed gold mineralization in the extension of the Jubilee Shear south of the Parkhill Fault, adding more than 2.5 kilometres in strike length of known continuous gold mineralization to the Wawa Gold Corridor.
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc announced it has launched a digital loyalty and member card program for British Columbia (BC) cannabis retailer Eggs Canna. The company said Eggs Canna would utilize the digital loyalty offering to better engage with their customers and increase customer retention while helping them better conform to the regulatory restrictions around membership and loyalty programs for the cannabis industry in BC. Fobi said its marketing functionality would enable Eggs Canna to message directly to their retail customer base via the lock screen on their mobile phones, allowing the brand to highlight upcoming events, featured products and brands, educational messaging, promotions, price reductions, and other relevant information.
Gevo Inc (NASDAQ:GEVO) said that it will host a conference call on August 8, 2022, at 4:30 pm ET (2:30 pm MDT) to report its financial results for the second quarter ended June 30, 2022 and provide an update on recent corporate highlights. Investors can register by using the event weblink. After registering, they will be provided with a dial-in number and pin. To listen to the conference call (audio only), investors can register by using the following event weblink. A webcast replay will be available two hours after the conference call ends on August 8, 2022. The archived webcast will be available in the Investor Relations section of Gevo's website at www.gevo.com.
Golden Minerals Company (NYSE-A:AUMN, TSX:AUMN, ETR:7GB) revealed its 2Q production figures showing its Rodeo gold-silver mine in Mexico delivered 3,004 ounces of payable gold. During the three-month period to end June 30, 2022, Rodeo also produced 12,768 ounces silver, according to a release. All told, the mine delivered 3,158 gold equivalent ounces during the quarter at an average gold grade of 2.6 grams per ton, compared to 3,608 gold equivalent ounces at 3.1 grams per ton gold in 1Q 2022.
LithiumBank Resources Corp (TSX-V:LBNK) has announced that its shares have commenced trading on the OTCQX Best Market, an over-the-counter public market in the United States, under the ticker symbol LBNKF. The company said it will continue to trade on TSX Venture Exchange (TSXV) in Canada as its primary listing under the ticker symbol LBNK. LithiumBank CEO Rob Shewchuk said the company believes trading on the OTCQX Market will increase its visibility and accessibility to current and potential investors in the United States as LithiumBank continues to advance its exploration and development of its lithium projects in Western Canada.
Belmont Resources Inc (TSX-V:BEA) announced it had identified a new copper-gold porphyry system at its Come By Chance (CBC) property in British Columbia. The Vancouver-based company wrapped up its first drill program on the property, which is located on the Quesnel Terrane that hosts several large copper-gold porphyry deposits. After drilling a little more than 2,300 metres, Belmont said that it had confirmed porphyry-style alteration, veining and mineralization over an initial area of 1,300 metres by 900 metres.
Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF) reported production and sales results for the second quarter of 2022, noting that it remained “confident that it will achieve its operational and financial guidance for the year”. The Toronto-based natural resource company has producing assets in Australia at the Costerfield gold-antimony mine and in Sweden at the Björkdal gold mine. For the period ended June 30, 2022, Mandalay produced 19,395 ounces of gold and 523 tons of antimony representing a total of 23,305 ounces of gold equivalent, compared to 22,707 ounces of gold, 858 tons of antimony, and 87,062 ounces of silver in 2Q 2021, representing a total of 28,843 ounces of gold equivalent.