Auxico Resources Canada Inc (CSE:AUAG, OTC:AUXIF) successfully executed the company's third and fourth trades of a cumulative 432 tons of rare earth concentrates (monazite sands) from the Democratic Republic of the Congo (DRC). The Montreal, Canada-based company said it sold a total of 720 tons of monazite since April this year, including the latest trades, representing a total provisional value of US$3.8 million. According to the signed sales agency agreement with Central America Nickel (CAN), Auxico will retain a commission equal to 15% of the sales price. The firm said material from the third and fourth trades were sold for a total provisional value of US$2.1 million. Central America Nickel has already paid US$1.1 million, while the balance will be settled upon delivery of relevant contractual documents and the material arriving at the final destination, added Auxico.
Gratomic Inc has further updated investors on progress at its benching program at its flagship Aukam graphite project in Namibia, revealing that now 730 tonnes of graphite has been transferred to the run-of-mine (ROM) stockpile. It comes after the company reported on September 20 that it had set a new record at program, unearthing more than 150 tonnes of graphite in one working shift. The vein excavated was around 2.5 meters (m) deep and exposed the over 150 tonnes of graphite below the surface, the firm had said.
Forte Minerals Corp has announced that three new exploration projects have been added to its portfolio of gold prospects in Peru, following a four-month regional geological reconnaissance program to follow-up on recently awarded concessions that were staked through a remote sensing targeting program. The Peru-focused copper and gold explorer said the three properties have large alteration signatures and coincident gold anomalies. Forte CEO Patrick Elliott said this is especially exciting for the company as the remote sensing targeting program has proven to be consistently effective based on surface follow-up results.
Appia Rare Earths & Uranium Corp has announced that it has granted 5,450,000 options to the directors, an officer and consultants of the company. The company said the options are exercisable at a price of $0.50 for a period of five years. A Canadian-publicly listed company in the rare earth element and uranium sectors, Appia is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties.
Tiidal Gaming Group Corp (CSE:TIDL) said it has completed the first tranche of its previously announced non-brokered private placement offering of units for aggregate gross proceeds of $561,905.10. The first tranche consisted of 5,619,051 units issued at a price of $0.10 per unit. Each unit is comprised of one common share in the capital of the company and one common share purchase warrant exercisable at $0.15 per share for a period of 36 months following the closing date of the offering. The company said it will use the net proceeds of the offering for Sportsflare operations in sales, trading and development and general corporate and working capital purposes.
Royal Helium Ltd (TSX-V:RHC, OTCQB:RHCCF) said it has sampled up to 81.3 milligrams per liter (Mg/L) of lithium brine underlying Climax-2 at its Climax helium project in southwest Saskatchewan, in addition to the previously-announced lithium assays in Climax-1. The company said the Climax-2 lithium brine zone is believed to be an extension of the same pool found in Climax-1, and appears to extend well beyond the coverage area of a detailed 3D seismic survey it conducted this year. "These tests not only continue to show some of the highest lithium assays in western Canada but are also indicating a very large potential pool size which really substantiates our reasoning to develop this lithium play further,” Royal Helium president and CEO Andrew Davidson said in a statement.
TraceSafe Inc said it has become a partner member of Green Marine, a voluntary environmental certification program for the North American marine industry. The company said membership will allow it to connect with the Green Marine network, including over 40 ship owners, and to showcase its services helping them improve their environmental performance. “By using TraceSafe's carbon management solution, ShiftCarbon, Green Marine participants will be able to measure and offset their carbon emissions,” the company said.
TomaGold Corporation revealed that it has entered the lithium space, acquiring 107 claims in the James Bay region of Quebec, Canada. The group said it has bought 38 claims from Noranda Royalties for C$60,000 in cash, along with 69 further map-designated claims covering a total area of 5,487.52 hectares (Ha). All the claims are near the James Bay Lithium Brisk project, which is optioned by Monger Gold and along from the Trans-Taiga regional road and power line infrastructure, around 5 kilometres from the LG-3 airport.
Love Pharma (CSE:LUV) Inc has announced the launch of its online shop, a fully integrated eCommerce platform featuring its proprietary products, BLOOM and Auralief at https://lovepharmashop.com. "This proprietary online store will be deployed for LOVE's over-the-counter therapeutics arm, for which the company has six exclusive licenses, as previously announced," Love Pharma (CSE:LUV) COO Joshua Maurice said in a statement. "During the initial soft-launch phase, we are focused on direct-to-consumer sales, supported by integrated social media and digital marketing campaigns. The second phase of B2B sales will build on the success of our B2C marketing and awareness strategies. We are constantly assessing results to establish the most effective B2B launch using our proprietary e-commerce platform," he added.
Fabled Copper Corp said the clean-up of a legacy site at its Muskwa Copper Project in northern British Columbia was completed in August, ahead of schedule and under budget. The Muskwa Project comprises the Neil Property, the Toro Property and the Bronson Property, the latter being the location of the legacy exploration camps and related equipment left behind in 1971. "We commend Tom Fulton, chair, director of the Northeastern British Columbia Wildlife Fund (NEBCWF), for spearheading the Gataga River Basin clean-up, which took place in August 2022,” Fabled Copper president and CEO Peter Hawley said in a statement.
PyroGenesis Canada Inc has announced that a client, a tier-one global aerospace company, has completed an in-person production audit at its metal powder production facility in Montreal. “We are extremely pleased with the results of the on-site audit which offered us an opportunity to showcase our facility, our staff, and our groundbreaking process to a leading provider in design, engineering, and manufacturing of aircraft, aerospace technology, and defense solutions,” P. Peter Pascali, CEO and chair of PyroGenesis said in a statement. “The findings and recommendations suggested to us by the client were thoughtful, valuable, and easily implemented. As you might expect the scrutiny was of the highest degree, and I wish to thank the entire team, who over many years, have contributed to this success," he added.
Golden Tag Resources Ltd has hailed the findings of the first-ever metallurgical test work at the Fernandez zone of its San Diego project in Mexico, which show that the mineralization there could be processed using conventional techniques. "The results reported today indicate conventional flotation techniques could be utilized to produce a commercial saleable concentrate from a sample taken from the Fernandez Zone, in particular within the Endoskarn mineralization," said Greg McKenzie, the company's CEO in a statement. When compared with the results of previous test work performed on other zones at San Diego, there were improvements within the bulk lead concentrate, in particular the silver concentrate grade as well as higher recoveries of gold and copper, highlighted McKenzie.
Magna Mining Inc (TSX-V:NICU) said it has received conditional approval from the TSX Venture Exchange for its previously-announced proposed acquisition of Lonmin Canada Inc, which holds the Denison project in Ontario, as well as the related non-brokered private placement of up to 74,074,074 company subscription receipts, at a price of $0.27 per receipt, to raise gross proceeds of up to C$20 million. The exploration and development company noted the private placement remains subject to the satisfaction of customary conditions and is expected to close on or about September 28, 2022. Magna Mining added that the completion of the acquisition is subject to the satisfaction of customary conditions pursuant to the definitive share purchase agreement and is anticipated to close in October 2022.
Naturally Splendid Enterprises Ltd has announced that a variety of Plantein-inspired entrees created from Plantein’s nuggets, schnitzel, and sweet chili tenders will be available at Vancouver Giants hockey home games at the Langley Event Centre (LEC), located in Langley, British Columbia. Naturally Splendid CEO Craig Goodwin said in addition to supplying the LEC with Plantein entrees, the company will also be providing Plantein products to the families that billet the Giants hockey players as well as supporting various Giants activities such as the Tail Gate Event at the LEC prior to the team’s season opener on September 23. “The Vancouver Giants are ingrained in the community and the LEC is one of Langley's highest profile facilities,” Goodwin said. “We are pleased to begin this relationship with Vancouver Giants and the LEC and as we continue to grow our presence in the community as well."
District Metals Corp has revealed that drilling returned significant polymetallic assays from its Gruvberget property in Sweden’s prolific Bergslagen Mining District, known for world class polymetallic mines such as Boliden’s Garpenberg and Lundin Mining’s Zinkgruvan. The Vancouver-based company reported assay results for five drill holes (GRU22-001 to GRU22-005) from the Spring-Summer 2022 drill program at the polymetallic Gruvberget property. A total of 1,144 m in five drill holes were completed at the Gruvberget North zone from mid-May to early-July 2022. All the drill holes were 30 to 60 meter (m) step outs below historical drill intercepts where four out of five holes intersected polymetallic sulphide mineralization that remains open at depth and partially along strike. According to the company, drill hole GRU22-002 intersected 9.1 meters at 6.1% ZnEq, which refers to a calculated zinc equivalent grade.
PlantX Life Inc has announced that the common shares of the company will commence trading on the Canadian Securities Exchange on a consolidated basis from September 26, 2022. The consolidation, on the basis of one post-consolidated common share outstanding for 20 pre-consolidated common shares, will result in approximately 10,048,329 common shares issued and outstanding, subject to adjustments for rounding, with about 4,671,220 common shares reserved for issuance. According to Vancouver-based PlantX, no fractional common shares will be issued, and any post-consolidated fraction of a common share will be rounded to the nearest whole number of common shares.
Silvercorp Metals Inc (TSX:SVM, AMEX:SVM) has announced the results of an updated National Instrument (NI) 43-101 Technical Report for its Ying Property in Henan Province, China. Based on proven and probable mineral reserves, the company estimates annual silver production to average roughly 7 million ounces between fiscal 2023 and 2025, 8 million ounces between 2026 and 2029, 7.1 million ounces between 2030 and 2032, and 4 million ounces between 2033 and 2037.
Great Atlantic Resources Corp (TSX-V:GR) announced that it is currently conducting gold exploration, consisting of prospecting and rock geochemical sampling, at six of its 100% owned properties in Newfoundland, which are adjacent to and in close proximity to its flagship Golden Promise gold property. The Canadian exploration company said anomalous gold in soil and/or rock samples are reported within and/or adjacent to these mineral properties. Great Atlantic noted the six properties currently being explored are the Southwest Golden Promise, South Golden Promise, West Golden Promise, East Golden Promise, Lynx and Coronation.
OTC Markets Group Inc, the operator of regulated markets for trading 12,000 US and international securities, has announced that Strawberry Fields REIT, Inc, a Real Estate Investment Trust specializing in buying and leasing senior healthcare facilities, has gone public on the OTCQX Best Market and begins trading today under the symbol STRW. The OTCQX Market offers private companies an efficient pathway to go public. To qualify for OTCQX, companies must meet high financial standards, be current in their disclosure, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. "We are so excited to begin trading on OTCQX after building our portfolio over the last eighteen years. We will continue to push to bring the shareholders a great return as we have for many years," said Moishe Gubin, CEO and chairman of Strawberry Fields REIT.
Algernon Pharmaceuticals Inc said it has recently received a cash payment of approximately C$450,000 from a refundable tax credit program from its clinical research work in Australia. "Algernon tries to conduct as much of its clinical research in Australia as possible because of the 43.5% refundable R&D tax credit program," said Christopher J. Moreau, CEO of Algernon. "This brings our total cash refund received to date to over C$3.0M, which has been an important part of Algernon's capital efficient business model." Additionally, the company announced changes to the warrants that it issued on July 4, 2022, under its public offering of units as a result of the anti-dilution provisions contained in the warrants. The July 2022 offering consisted of one common share and one warrant. Upon issuance, the warrants were exercisable at a price of $4.70 each and included anti-dilution provisions in the case of a down-round financing during the five-year term of the warrants to reduce the exercise price of the warrants and increase the number of shares issuable thereunder, if common shares are sold or issued for a consideration per share less than the warrant exercise price (subject to certain exceptions). On August 22, 2022, the company closed a non-brokered private placement in the amount of 373,900 units of the company at a price of $3.75 per unit. The August 2022 offering resulted in a dilutive issuance and the exercise price of the warrants issued in the July 2022 offering has been reduced to $3.75 per share and the number of shares issuable under each warrant has been increased such that the aggregate exercise price payable after taking into account the decrease in the exercise price shall be equal to the aggregate exercise price prior to the adjustment.
Tiziana Life Sciences Ltd (NASDAQ:TLSA) said it has been notified that Panetta Partners Limited, an entity in which Gabriele Cerrone, its executive chairman has a beneficial interest, purchased 20,145 common shares priced between $0.66 per share. The acquisition takes Cerrone's interests from 37.72% to 37.74%.
AIM ImmunoTech Inc (NYSE:AIM) announced that it will participate in the Virtual Investor Long COVID Event on Wednesday, September 28, 2022 at 3:00 PM ET. As part of the virtual event, Thomas K. Equels, CEO of AIM ImmunoTech, will be joined by key opinion leaders Dr. Charles Lapp of Hunter-Hopkins Center in Charlotte, NC and Dr. Daniel Peterson of Sierra Internal Medicine in Incline Village, NV to discuss the company's ongoing FDA-authorized treatment protocol (Expanded Access Program) for its investigational drug, Ampligen, which extends to the use and evaluation of the drug in patients with symptoms of "long COVID". A live video webcast of the Virtual Investor Long COVID Event will be available on the Events & Presentations page of the Investor Relations section of the company's website. A webcast replay will be available two hours following the live presentation and archived for 90 days.
Cinedigm Corp (NASDAQ:CIDM) announced that it will hold its Annual Stockholder Meeting on Thursday, November 10, 2022. The meeting will take place virtually with details forthcoming and will include a demonstration of the company's next-generation streaming service, Cineverse, which is powered by the industry-leading, proprietary Matchpoint technology. "We are looking forward to connecting with our stockholders on November 10th to review Cinedigm's positive business momentum, financial results and unique content, streaming channel and technology strategy," said Cinedigm CEO Chris McGurk. He added: "We will be making our proxy statement for the meeting available soon and I want to be clear with our stockholders that we will not be placing a reverse split provision on the proxy ballot. We believe the company will have significant additional time to meet NASDAQ compliance requirements and intend to pursue initiatives during that period to address the issue. We think the best way to deal with the NASDAQ listing minimum price issue is to continue to work to get our valuation back where it belongs and where we were trading before, well above $1 per share. We believe that our continued strong business results combined with our high potential new initiatives like Cinedigm's recently announced streaming super-channel, Cineverse, will also have a positive impact on our share price as investors recognize the soundness of our unique business strategy and how our equity is currently so extremely undervalued."