Westwater Resources Inc (WWR) is trading at a significant discount to its pre-revenue graphite peers providing a compelling investment opportunity, according to analysts at Water Tower Research. WWR’s NYSE American-listed stock is currently trading at about US$1.25, with the broker setting a 52-week price range between US$1 and US$4.19. The analysts noted that with the question of capital financing and quantification of the company’s Coosa graphite deposit in Alabama set to be resolved in the next two to three months that the company’s risks are diminishing as its valuation remains compelling.
Bhang Inc (CSE:BHNG, OTCQB:BHNGF) has announced a grant of 1.75 million restricted stock units (RSUs) of company that was completed on October 6, 2022 to certain Bhang directors, all vesting on the first business day after issuance. Upon vesting, the subordinate voting shares underlying the RSUs will be issued at a deemed price of $0.035 per share. The RSUs were granted in accordance with the company's 2019 Equity Incentive Plan. The underlying subordinate voting shares to the RSUs are subject to a statutory four month and one day hold period expiring on February 7, 2023.
Nevada Copper Corp (TSX:NCU, OTC:NEVDF) said it has made positive progress with the Toronto Stock Exchange (TSX) to advance its previously-announced financial hardship application related to the restart of the Pumpkin Hollow copper project, while its largest shareholder, Pala Investments Ltd., has offered additional financial support. The application with TSX is with respect to the company’s restart financing package and Pala’s support involves a $25 million backstop commitment to supplement the restart financing package, increasing the liquidity available to the company under the restart financing package from up to $93 million to up to $118 million, which is expected to provide sufficient financing of the restart plan through to positive cash flow, the company said in an update. The company has also been discussing a non-binding term sheet proposal received from a third-party strategic investor for a separate investment that would be implemented following the restart financing package. Such a transaction would provide additional financing and result in a change of control of the company, Nevada Copper added.
Power Nickel Inc (TSX-V:PNPN) has announced that it will be amending the technical report it filed for the Nisk project in the James Bay territory in Quebec after a review by the British Columbia Securities Commission (BCSC) noted discrepancies in the mineral resource estimates provided. The company said its technical report titled “NI 43-101 Technical Report and Mineral Resource Estimate for the Nisk Project, Eeyou Istchee James Bay territory, Quebec” filed on August 30, 2022 does not comply with certain technical requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Products. “The company’s mineral resource estimates provided in the technical report do not comply with NI 43-101 and such mineral resource estimates, as disclosed in the technical report and Power Nickel’s related news releases since July 19, 2022, may not be relied upon, until they are supported with a compliant report,” a statement from the explorer said.
OTC Markets Group Inc today announced GAMCO Investors Inc (NYSE:GBL) has voluntarily delisted from the New York Stock Exchange and has qualified to trade on the OTCQX Best Market. GAMCO is a widely-recognized provider of investment advisory services to open-end funds, closed-end funds, actively managed semi-transparent exchange traded funds (ETFs), a societe d'investissement a capital variable (SICAV), and approximately 1,400 institutional and private wealth management investors, primarily in the United States. GAMCO begins trading today on OTCQX under the symbol "GAMI."
Versus Systems Inc said it has recently secured a strategic investment from Yat Siu, the executive chairman and co-founder of multi-billion-dollar digital entertainment company Animoca Brands and CEO of Outblaze Ltd. Siu's investment, a private placement through his company Outblaze, reflects his support for the growth strategy and proprietary technology as the company further expands its partnerships and products into advertising, streaming media, and Web 3.0, Versus Systems said. "Yat Siu is a visionary and strong advocate for revolutionizing audience engagement with interactivity and rewards-based media," Matthew Pierce, founder and CEO of Versus Systems said in a statement. "As a leader at the forefront of digital collectables, gaming, and Web 3.0, Yat is committed to transforming the way we engage with media content."
Regency Silver Corp announced that it has entered into an option exercise agreement with Minera Pena Blanca, SA de CV, in which Minera Pena has agreed to waive the last exploration expenditure of US$250,000 required to exercise the option for a 100% interest in the Dios Padre property in Mexico. The silver and gold exploration company said consideration for the early exercise is the issuance of 300,000 Regency Silver common shares at a deemed price of C$0.245 per share.
BioHarvest Sciences Inc announced that its previously announced non-brokered private placement of up to C$6.3 million has been oversubscribed and has now been increased to up to C$10 million to further accelerate VINIA sales growth and its cannabis commercialization activities in North America. The company said it plans to close the first tranche of no less than C$6.5 million by October 13, and to close a second tranche no later than November 15. BioHarvest added that the notes' interest rate and conversion terms had changed to reflect changes in market conditions.
Aurion Resources (TSX-V:AU) Ltd announced that it has closed the royalty repurchase agreement with Tertiary Gold Limited, the wholly-owned subsidiary of Tertiary Minerals PLC (AIM:TYM) on the Kaaresselka and Kiekeromaa gold prospects, as previously announced on August 8, 2022. On closing of the agreements, Aurion issued 83,333 common shares and paid C$75,000 in cash to Tertiary with respect to the Kaaresselka property, and the B2Gold JV paid $125,000 cash with respect to the Kiekeromaa property. The consideration shares will be subject to a statutory four month and one day hold period from August 24, 2022, the date of issue of the consideration shares.
Virtual Investor Conferences, the leading proprietary investor conference series, today announced that the presentations from the October Small Cap Virtual Investor Conference are now available for on-demand viewing at https://bit.ly/3SZQzzu. The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company's resource section. Companies are accepting 1x1 management meeting requests through October 11.
Maple Gold Mines Ltd (TSX-V:MGM, OTCQB:MGMLF) has secured a third drill rig to begin a 5,000-meter Phase III drill program at its Eagle Mine property in Quebec. The rig is expected to arrive at the site by mid-October, which keeps the company on pace to complete roughly 30,000 meters (m) across the district-scale 400-square-kilometer property package this year, Maple Gold said.
Eskay Mining Corp (TSX-V:ESK, OTCQX:ESKYF) said it has completed 29,500 metres of diamond core drilling, putting it on target for its 2022 property-wide exploration campaign in the Eskay Creek area. Over the past four months, the company said drilling was done at multiple volcanogenic massive sulfide (VMS) targets including Jeff, Jeff North, Scarlet Ridge, Scarlet Valley, and Tarn Lake. With drilling complete, the company said it is demobilizing. Eskay Mining's vice president of exploration Dr. John DeDecker said the company met all of its primary objectives in prospecting for gold in the Unuk and Iskut River region on the north coastal mountains of British Columbia.
Numinus Wellness Inc, the mental health care company advancing innovative treatments and safe, evidence-based psychedelic-assisted therapies, today announced that its CEO and founder Payton Nyquvest will take part in a Water Tower Research Fireside Chat on Thursday, October 13 this year at 2.30pm EST (11:30 am PT). The discussion will focus on Numinus' recently completed and transformative acquisition of Novamind - the value this acquisition brings to the company, and key growth opportunities and catalysts for Numinus. For all investors and other persons interested in participating, please register here.
Soma Gold Corp has announced that it will grant, subject to regulatory approval, 250,000 stock options to a consulting company of the company to buy shares in the company in accordance with its equity incentive plan. The options vest immediately and are issued at an exercise price of 32 cents per common share and expire three years from the date of issue, the company said. Upon completion, there will be 5,532,832 options and RSU's granted under the plan, representing 6.1% of the company's outstanding shares, it added. Soma is a mining company, which owns two adjacent mining properties in Antioquia, Colombia.
Nextech AR Solutions Corp said its CEO Evan Gappelberg will present at the Emerging Growth Conference on October 12, 2022, to discuss the company’s involvement in 3D modelling for e-commerce and ARway, the augmented reality wayfinding platform for the real-world metaverse. The presentation will be webcast and an archived recording will be made available in the Investors’ section of the Nextech AR website. Individual and institutional investors as well as advisors and analysts are invited to attend the presentation at 9.45am ET. To register, click here.
Genprex Inc announced the company's participation in upcoming investor and industry conferences to be held in October 2022. Catherine Vaczy, Genprex's Executive Vice President, General Counsel & Chief Strategy Officer will be at the Dawson James Securities Annual Small Cap Growth Conference on October 12, 2022, presenting at 9:00 a.m. ET, at the Wyndham Grand Jupiter At Harbourside Place, Jupiter, Florida. A live webcast link is available here: https://bit.ly/3SA47Su. Also, Mark Berger, Genprex's Chief Medical Officer, will present at the Immuno-Oncology Summit on October 12, 2022 at 3:45 p.m. ET in the Seapot Hotel, Boston. Next, Genprex management will be at BIO Europe in Leipziger Messe, Leipzig, Germany between October 24 - 26, 2022. Those interested in meeting Genprex management during BIO Europe, please request a meeting through the conference portal or reach out to Kalyn Dabbs at investors@genprex.com. Finally, Ryan Confer, Genprex's Chief Financial Officer will present at LD Micro Main Event XV at the Luxe Sunset Boulevard Hotel, Los Angeles on October 26, 2022 at 3:00 p.m. PT. A live webcast link is available here.
Major Precious Metals Corp announced that the common shares of the company will be delisted from Neo Exchange at the close of trading on Friday, October 7, 2022. The company will become an unlisted reporting issuer. As a reporting issuer, the company will continue to be subject to ongoing disclosure and other obligations as a reporting issuer under applicable securities legislation in Canada.