Fundamental Research has issued a 'buy' rating on Tartisan Nickel Corp with a fair value of $0.85 per share, well above current levels of $0.28. In a note, Fundamental Research analysts pointed out that the recent Preliminary Economic Assessment (PEA) on Tartisan's Kenbridge nickel project in the Kenora mining district, northwestern Ontario, returned attractive economics, with an After Tax-NPV5% of $109 million, and a high AT-IRR of 20%, using US$10/lb nickel. They noted that unlike the historic PEA, which was based on an open-pit/underground operation, the latest PEA was based on a smaller-scale underground operation, targeting the project’s deeper/higher-grade resource, saying this scenario is more attractive as higher-grade ore can be accessed in the initial years of operation, through an existing shaft infrastructure on site. The analysts concluded: "We believe the PEA was conservative as it did not account for the remaining 30% of open-pittable resources".
Fundamental Research Corp has started coverage on Argentina Lithium & Energy Corp with a “Buy” rating and a price target of $0.52. The firm's analysts noted that Argentina Lithium holds a portfolio of four early-stage/underexplored lithium assets that cover a combined 69,000 hectares (Ha) across four salars (salt lakes) in Argentina. The company is “trading at just $215 per hectare (Ha) versus the average of $524 per Ha for pre-resource stage juniors,” the analysts pointed out.
AIM ImmunoTech Inc reported promising follow-on data from its previously published single-center named patient program evaluating its flagship drug candidate Ampligen (rintatolimod) as maintenance therapy for pancreatic cancer. For the study, patients with locally advanced pancreatic cancer or metastatic disease were treated following FOLFIRINOX (a chemotherapy combination used to treat pancreatic cancer), said the company. The enrollment of additional patients in the Early Access Program (EAP) was approved by the Inspectorate of Healthcare in the Netherlands and new patients have been treated at Erasmus M.C. According to the company, new patient data showed "additional progression-free and overall survival over previously published data."
Altamira Gold Corp has issued an update on the copper and gold exploration program at its Santa Helena project in Mato Grosso State, Brazil. The company announced that additional soil sampling has defined a significant second copper-in-soil anomaly at the project, as well as confirmed consistent copper values in the original soil anomaly. Both are being prepared for drill testing, the company said. These anomalies measure 500 meters (m) by 500m and 800m by 600m, respectively, and have consistent soil values above 46 parts per million (ppm) with a peak of 448ppm.
NorthWest Copper Corp has welcomed the results of the first three holes from ongoing drilling at its Kwanika project in British Columbia, which, it said, have underscored the asset's potential. All three holes hit "significant" copper-gold grades in the southern part of the deposit, expanding the mineralized footprint and increasing the confidence in the resource estimate. Kwanika and the adjacent Stardust deposit are NorthWest's flagship assets and the 2022 Kwanika program includes holes designed to expand the known resource, add new high-grade zones and to test for new centres of mineralization regionally. "These three holes are just the first piece of news from our exciting 2022 Kwanika drill program, where we have already completed 25 holes," Northwest Copper CEO Peter Bell told investors.
CULT Food Science Corp has announced that Pearlita Foods, a venture in which it is invested, has successfully manufactured the world’s first alternative oyster prototype. The prototype was grown to appear and taste the same as a traditional oyster from the ocean while being produced in a sustainable and ethical manner, and CULT said it believes the alternative oyster may be critical in solving part of the world’s growing food security crisis. "We are impressed by and proud of Pearlita’s successful production of its first cultivated oyster prototype. Pearlita’s commitment to making the world a better place and doing its part to increasing the world’s food security is encouraging as we possess the same goals,” said Lejjy Gafour, chief executive officer of CULT in a statement.
Skye Bioscience Inc said completion of the production of its Phase 1 drug has been delayed to the beginning of September 2022 due to a now resolved cyber-attack and planned maintenance shutdown at its contract manufacturer (CMO). Skye said it now expects to initiate enrollment of its Phase 1 clinical study in Q4 2022, report preliminary topline data in early Q1 2023, and report final data in Q2 2023. Skye's SBI-100 Ophthalmic Emulsion (SBI-100 OE) had most recently been scheduled for production and fill in the first week of July 2022. "The unpredictable events that have detrimentally affected our production schedule have been frustrating, but we are confident in the renewed commitment of our contract manufacturer to produce our clinical trial material and the schedule to start our planned study," Punit Dhillon, CEO and Chair of Skye said in a statement.
Goldshore Resources Inc has announced assay results from its ongoing 100,000-meter drill program at the Moss Lake Project in Northwest Ontario, Canada. Drilling is aiming to better define high-grade structural zones within the Moss Lake deposit. Results have been received for three holes that have infilled areas of the Main Zone that are between sections drilled by historic holes with collar survey problems. In a statement, Goldshore president and CEO, Brett Richards, commented: "We continue to receive results that confirm the developing model that high grades occur within broader envelopes of lower grade gold mineralization. Our understanding of the geology is now at a level that will enable us to accurately represent the position of high grades within a resource model we are aiming to produce by the end of the year."
Wishpond Technologies Ltd has said it expects to report record revenue for the second quarter (Q2) of 2022, exceeding the previous record of $4.7 million achieved in the fourth quarter of fiscal 2021, boosted by a diversified customer base and robust demand for its products and services. The company said its business has not been hindered by macroeconomic challenges such as high inflation, rising interest rates and supply chain disruptions that have affected other industries around the world. Wishpond posted higher monthly recurring revenue (MRR) for April, May and June compared to the same months in the first quarter of 2022, and said it has continued to experience similar growth in July. Based on the revenue achieved in June, the company’s annualized revenue run-rate (ARR) now exceeds $20 million for the first time in its history, Wishpond added.
Royal Fox Gold Inc has reported encouraging drill results from the northern part of the Arctic Fox zone at its Philibert project in Quebec, which, it says, will further add "significant" near-surface gold ounces to the resource. The company has released results from eight holes, which tested the northern hanging wall contact of the Arctic Fox Zone over a 400 metre (m) strike length and up to 150m vertical depth. Three of the best holes sit along a 150m strike length, highlighting the consistency of gold grade and widths of the Arctic Fox Zone, the company said. "Combined with the recently released results from the southern portion, the Arctic Fox zone continues to demonstrate continuity and consistency just like the overall deposit, and add significant near-surface gold ounces, which are paramount factors as we aim to achieve strong potential economics in the future," said Simon Marcotte, the CEO of Royal Fox, in a statement.
Avicanna Inc said it has entered into an Intellectual Property Licensing & Royalty Agreement (IPLRA) with Ei.Ventures Inc to develop and commercialize functional fungi-based products. The initial focus of the research and development efforts will be on functional, apoptogenic, fungi-based formulations in the form of consumer-friendly and single-dosed products, the company said. "Over the past six years our team established a scientific platform that has led to the commercialization of several products across international commercial channels in the regulated cannabis industry,” Aras Azadian, Avicanna CEO said in a statement.
Australis Capital Inc (AUSA), doing business as Audacious, said it has met key milestones towards obtaining a full adult-use cannabis license in the state of New Jersey. To graduate from a provisional to a full adult-use state license, the company said it needed to secure an appropriate building and land, as well as municipal approval for the establishment of a cannabis business on the designated premises. AUSA said it had entered into an agreement to lease a 105,000-square-foot cannabis grow facility in the municipality of Millville, New Jersey.
Deepspatial Inc has announced that its new partner, CRISP, was awarded an agricultural contract with a state government in India in which Deepspatial will provide it's Geo-AI Platform to facilitate the numerous technological aspects of the project. Deepspatial's newest addition to its partner program, CRISP (Centre for Research and Industrial Staff Performance) is an Indo-German Organization with National and International operations dedicated to human resource development and organizational development. CRISP serves Government, academic institutions, developmental organizations, and many other industries. It is known for its excellent infrastructure and sophisticated laboratories in the field of industrial automation, mechatronics, production technology, information and communication technology, multimedia technology, and more. "Since launching Deepspatial's Partner Program, we have partnered with Companies and Organizations that are allowing us to step our foot in the door in several key and strategic industries - and CRISP is just another example with the recent Government contract that we will have the exciting opportunity of working together on," Dr Rahul Kushwah, chief executive officer at Deepspatial said in a statement.
DGTL Holdings Inc has announced that three high-profile brands in the media and technology sector have signed inaugural service contracts with its flagship platform-as-a-service (PaaS) TotalSocial. TotalSocial is a robust social data analytics PaaS that specializes in measuring and scoring the effectiveness of media spend for Fortune 500 level brands. The three new accounts will add sales revenue, client diversification, and opportunities for long-term growth through annual licensing contracts and access to a full-service suite of social media marketing solutions, according to DGTL.
Kenorland Minerals Ltd has signed an earn-in agreement with Antofagasta Minerals SA on the Tanacross copper-gold project located in eastern Alaska in the US. The agreement grants Antofagasta an option to acquire a 70% interest in the project by spending US$30 million on exploration over eight years and delivering a NI 43-101 compliant preliminary economic assessment report. The Tanacross project covers 45,000 hectares of Alaska state-owned land, approximately 70 kilometres northeast of Tok, along the Alaska Highway. The project hosts a cluster of late Cretaceous porphyry copper occurrences including East Taurus, West Taurus, and Bluff.
Trees Corporation announced that it recorded system-wide sales of $1.9 million in June, which represents a roughly 25% increase in monthly same-store sales since the beginning of the year. "Robust sales growth has exceeded our expectations in the second quarter of 2022 and we are encouraged to see a continuing trend as we move through the early weeks of summer,” CEO Michael Klein said in a statement. “Trees is committed to best-in-class customer service, coupled with educational content and an expansive product selection that meets the needs of our consumers across a very diverse range of need states."
Mountain Boy Minerals Ltd has announced that the fieldwork is underway to expand the copper mineralized zones discovered last year on the Telegraph Copper-Gold Project in British Columbia's Golden Triangle. The company said this work is directed at the Border Zone, an area that saw limited previous exploration as it straddled a property line before Mountain Boy consolidated the property last year. The Border Zone sits in the middle of a 6 kilometre (km) trend with evidence of porphyry-style mineralization previously identified to the north and south. In a statement, Lawrence Roulston, Mountain Boy's chief executive officer, said: "Ongoing field work continues to validate the presence of at least one center of porphyry-style mineralization. The presence of visibly high-grade copper mineralization associated with veins and hydrothermal breccias is indicative of proximity to a porphyry system and may well constitute a target in its own right."
Fobi AI Inc, a real-time data analytics provider through artificial intelligence, has announced the launch of its new digital and content marketing agency, along with a new platform-as-a-service (PaaS) revenue model. The Vancouver-based company said its PaaS model provides customers with a software-as-a-service (SaaS) model with managed services for Fobi’s various Pass Pro and Wallet pass solutions as well as coupon marketing. Fobi's managed services will boost the company's revenue growth and solidify its position as an industry leader in wallet pass technology, consumer packaged goods coupons, and real-time data attribution, it added.
Progressive Planet Solutions Inc said it has filed a patent application for the PozGlass 100G product it is developing. PozGlass 100G is made from finely ground post-consumer glass, which is diverted from landfill. Ground glass pozzolan has historically been used to replace up to 30% of cement in concrete to improve performance and reduce its carbon footprint but it contains sodium. When sodium is reduced, it is stronger and better able to reduce alkali-silica reactivity (ASR). The company said its patent application covers a process where PozGlass100G permanently sequesters CO2 while reducing sodium. "Having moved production in-house with the commissioning of the PozGlass 100G Demonstration Plant in June, results came down to the wire with our best results to date coming just 4 days prior to our application deadline of July 16," said Ian Grant, chief operating officer (COO) of PLAN.
Fabled Copper Corp has announced additional results of the 2021 surface field work on its Muskwa Copper Project in British Columbia. The Muskwa Project comprises of the Neil Property, the Toro Property, and the Bronson Property, located in the north of the province. “The Bronson property comprises 4 mineral tenures covering approximately 2,524.6 hectares and to date we have reported on the Book 6 UAV drone mission, related surface sampling and geophysical survey, property wide structural survey and ASTER compilation,” Fabled Copper CEO Peter Hawley said in a statement. “In addition, we have reported on the Book 9 and 10 which may be the southern extent of the Book 6, and now the sampling on the 428 central copper occurrence."
SoLVBL Solutions Inc has announced the appointment of former Member of Parliament and cabinet minister Peter MacKay to its advisory board. The cybersecurity and data authentication company said the former Conservative MP will provide strategic advice and invaluable guidance on government and public services industry practice, infrastructure, and economic development. Kaiser Akbar, CEO of SoLVBL, said the company is excited to have MacKay join their advisory board. “We believe his extensive public policy experience and demonstrated ability to bring people of divergent views together for a common purpose will strengthen our efforts,” Akbar said in a statement.
Nova Royalty Corp, the clean energy-focused royalty group, said it has added Guy Elliott as an independent director and chair of the audit committee, effective immediately. "On behalf of the board of directors and management, I would like to welcome Guy to the Nova Royalty board," said Alex Tsukernik, the CEO of Nova, in a statement. "The board looks forward to working with Mr Elliott, who brings a wealth of mining sector experience in financial reporting, controls, filing, and compliance, all of which serves to strengthen our audit function.
The Valens Company Inc has announced that Aida Moudachirou-Rebois, senior vice-president and global chief marketing officer at MAC Cosmetics, intends to stand for election to the company’s board of directors at its annual shareholders' meeting on August 2, 2022. The company noted that Moudachirou-Rebois has extensive experience leading and developing global brands at major multinational corporations, where she has proven adept at building and sustaining both revenue and profit growth through innovation, new product categories, and defining consumer experiences. "We couldn't be more delighted to put forward Ms. Moudachirou-Rebois as a director nominee for our board of directors. Her deep brand-building expertise, along with her product development and innovation experience align with the company's most critical priorities today,” Valens CEO Tyler Robson said in a statement.
Sassy Resources Corporation has confirmed that its planned name change to Sassy Gold Corp took effect at the market open on Wednesday, July 20, 2022. The company’s trading symbols on the CSE, OTCQB and Frankfurt stock exchanges remain the same. Mark Scott, Sassy Gold president and CEO commented: “The rebranding of Sassy Resources to Sassy Gold is an exciting step in our young history as we prepare to take the Westmore high-grade gold discovery and the broader Foremore Property in the prolific Eskay Camp to a new level. After successfully completing our strategy of giving Sassy shareholders strong leverage to the Newfoundland Gold Rush through our ownership positions in Gander Gold and Galloper Gold, plus our equity stake in MAX Power, investors will now see a sharp Sassy focus on our Eskay Camp project and its high-grade gold potential not just at Westmore but across other areas of our 100%-owned Foremore Property. Drill crews have mobilized to the Westmore discovery where drilling will commence in the next 48 to 72 hours. The company noted that the new SassyGold.com website will debut in the near future. For now, investors can visit the landing page at www.SassyGold.com and a new corporate video can also be accessed directly using this link: https://youtu.be/B_WCqlge3k4
Los Andes Copper Ltd has announced the passing of its former executive chairman, Fernando Porcile. The company said the directors and employees of Los Andes Copper would like to extend their sincerest condolences to Fernando's family and friends. It noted that Porcile has been an influential and larger-than-life presence in the mining industry for over 50 years. He was responsible for the development and operation of several mining projects as well as managing various world-class operations. His experience working with major mining companies was vast and varied and included being the director of the Coldeco board; president of Compañía Doña Inés de Collahuasil; president of the Falconbridge Copper business unit and vice president of Project Development for BHP Billiton's base metals division. More recently, he was a prominent driving force in the development of Los Andes and its Vizcachitas Project. R. Michael Jones, Los Andes Copper CEO, said: "All of us at Los Andes Copper pass our condolences to the family, friends and colleagues of Fernando. Our Company continues to benefit from the engineering experience and design insight he brought to the Vizcachitas copper project."
Co-Diagnostics Inc has said it will be hosting a booth to showcase its existing and upcoming suite of diagnostics products and technology applications at the 2022 AACC Annual Scientific Meeting & Clinical Lab Expo, held July 24-28, 2022, at the McCormick Place Convention Center in Chicago, IL, in addition to providing an update for its worldwide network of customers and distributors. Current and potential distributors, customers, and partners are invited to join the company in room S103A at 11.00am CT for the global customer and distributor update. On Tuesday at 2.00pm CT, Co-Diagnostics CEO Dwight Egan will also be conducting a presentation at the company's booth on the Co-Dx PCR Home testing platform and introducing Dr Kirk Ririe and Dr Carl Wittwer, pioneers of rapid and real-time PCR, key personnel in the platform's development, and respectively president of the company's wholly-owned subsidiary and chairman of the company's Scientific Advisory Board. Co-Diagnostics invites all interested parties to booth #2878, as well as to its kiosk displaying forthcoming Co-Dx PCR Home testing platform in the Disruptive Technologies Pavilion following Co-Dx being named a semifinalist in the 2022 AACC Disruptive Technology Award Competition. To learn more about the conference, including registration and exhibitor details, interested parties can visit https://meeting.aacc.org.
Mason Graphite Inc has announced the initial closing of the previously announced transactions contemplated under the investment agreement dated May 15, 2022, between the company and Nouveau Monde Graphite Inc. Under the investment agreement, Mason Graphite has entered into an option and joint venture (OTV) agreement with Nouveau Monde. Concurrently with the execution of the OJV agreement, Mason Graphite and Nouveau Monde have completed the private placement of 5.0 million common shares of the company to Nouveau Monde at a price of $0.50 per initial share for gross proceeds to the company of $2.5 million. Mason Graphite said it intends to use the net proceeds from the sale of the initial shares to fund agreed expenses on the Lac Gueret property under the OJV Agreement. The initial shares will be subject to a four-month hold period pursuant to applicable securities laws.
Group Eleven Resources Corp has announced that all resolutions were passed by the requisite majority at its annual general meeting held in Vancouver, British Columbia on July 19, 2022. A total of 869,638,065 common shares were represented at the AGM, representing 43.991% of the votes attached to all outstanding common shares as at the record date. Following the annual general meeting, the board of directors re-appointed Bart Jaworski as CEO, Jeannine Webb as CFO, David Furlong as COO, Daniel MacInnis as chairman (independent) and Sheryl Dhillon as corporate secretary. Group Eleven said it would like to sincerely thank the company's shareholders for their continued strong support.
American Resources Corporation has announced that it will present at the SP 2022 Innovation Summit 'Accelerating sustainable innovation through the automotive value chain' being held July 27-28, 2022 in Columbus, Ohio. Mark Jensen, CEO of American Resources will deliver a presentation in the Circular EV Batteries session titled 'Creating an Efficient Critical and Rare Earth Element Circular Life Cycle' on Wednesday, July 27, 2022, at 2.00pm ET, at the Performance Hall, Ohio State University. As part of the presentation, Jensen will provide an overview of the company and discuss its reELEMENT Technologies LLC (formerly American Rare Earth LLC) division. reELEMENT and the parent company.
Loncor Gold Inc has announced that the five nominees listed in the company's management information circular for the annual meeting of shareholders held on Tuesday, July 19, 2022, were overwhelmingly elected as directors of the company. The vote was conducted by a show of hands and results on all matters voted on at the meeting have been filed on SEDAR at www.sedar.com.
Arrow Exploration Corp has announced the voting results for its AGM held on July 19, 2022, at which all matters were overwhelmingly approved, including the election of directors and appointment of auditors.
Recruiter.com Group Inc. a recruiting software and on-demand services company, has reminded its shareholders to vote at the upcoming Annual Meeting of Stockholders to be held on Thursday, July 28, 2022, at 11.00am Eastern Time. Voting at the meeting is for stockholders of record as of May 31, 2022.
Xigem Technologies Corp has consolidated its issued and outstanding common shares on the basis of one post consolidated common share for every 10 preconsolidated common shares. As a result, the outstanding shares of the company will be reduced to approximately 15,316,821 common shares. The name and symbol will not change.