Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF) has announced preliminary third-quarter results, revealing record sequential quarterly growth in 3D modeling revenue.
Revenue for the quarter was approximately $3 million, and total profit clocked in at about $1.25 million. Within that, 3D modeling revenue surged 170% compared to the second quarter.
Hillcrest Energy Technologies Ltd (CSE:HEAT, OTCQB:HLRTF) announced that it has signed a memorandum of understanding (MOU) with Hercules Electric Mobility, Inc, in which the companies will collaborate on a project to build, test and potentially commercialize a system that includes a Hillcrest 250-kilowatt, 800-volt inverter that has been optimized for a Hercules electric powertrain.
The clean energy company said the project will begin this month and is expected to run through March 2023, with potential applications including marine, automotive and other electric mobility products.
BioHarvest Sciences Inc said it has closed the first tranche of its previously reported oversubscribed private placing of convertible notes, bringing in a principal sum of C$6,878,243.65.
As reported on October 7 this year, Vancouver-based BioHarvest Sciences revealed that the private placement of up to C$6.3 million had been oversubscribed and had been increased to up to C$10 million in a bid to further accelerate VINIA sales growth and its cannabis commercialization activities in North America.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has provided an operations update, noting that rigs and equipment are currently moving into place for its Q4 tie-in, workover, and drilling program in Columbia and Canada.
In a statement, Marshall Abbott, CEO of Arrow Exploration commented: "Arrow is excited about the upcoming capital program and expects material production and reserve additions. The Arrow team continues to execute our strategy to increase shareholder value."
Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) said it has submitted a mining licence application for the proposed Ewoyaa lithium mine to the Minerals Commission of Ghana, a key step in the company’s aim of delivering the West African country’s first lithium mine.
"The application marks a significant milestone for the company having completed extensive exploration and technical programmes, environmental and social studies, economic studies and the valuation of the project,” said Lennard Kolff, Atlantic Lithium’s interim chief executive in a statement.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) has reported higher copper and silver production in the third quarter and maintained its overall annual production guidance of 54,000 to 58,000 gold equivalent ounces (GEOs).
The AIM-listed gold, copper and silver producer also said the Zafar mine design has advanced well and that it remains on track to bring the new mine into production in 2023. Geotechnical drilling has been completed and the drill core is in the process of being tested, it said.
Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) said it has granted incentive stock options to certain directors, officers and consultants of the company to acquire an aggregate of 3,165,000 common shares in the capital of the company at an exercise price of $0.355 n accordance with its 10% rolling incentive stock option plan. The options are exercisable for a five-year term expiring October 12, 2027, and will become fully vested immediately.
OTC Markets Group Inc. (OTCQX:OTCM), the operator of regulated markets for 12,000 US and international securities, has announced that Aquafil S.P.A, a pioneer in the circular economy, has qualified to trade on the OTCQX Best Market and begins trading today under the symbol ECNLF. Aquafil S.P.A. is one of the first Italian companies to trade on OTCQX. Trading on the OTCQX Market offers companies efficient, cost-effective access to the US capital markets. 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. "I am very proud that Aquafil has qualified to begin trading on the OTCQX Market," commented Giulio Bonazzi chairman and CEO of Aquafil. "The US market is a critical region for Aquafil to trade in as we continue to see rising demand and interest in companies innovating for a sustainable future. Aquafil's commitment to bold innovation and leadership in the circular economy continues to transform the synthetic fibers industry into a truly circular model. We're excited to expand this investment opportunity to the US markets."
Wellbeing Digital Sciences (NEO:MEDI.AQN, OTCQB:KONEF) has announced that Erin Lewis, scientific director of KGK Sciences Inc, the company's wholly-owned subsidiary, will participate at the Supply Side West Conference taking place on October 31 to November 4, 2022, in Las Vegas, Nevada. Lewis will participate on the "Exploring the Microbiome: Science, Innovation and Delivery" panel on November 1 at 1.00pm and interested parties can register to attend here: https://west.supplysideshow.com/en/Events_and_Education/Schedule-2022.html. For more information about the conference, or to schedule a one-on-one meeting with Wellbeing or KGK's management team, interested parties can send an email to Natalie Dolphin at ndolphin@wellbeingdigital.co.
Burcon NutraScience Corp (TSX:BU, NASDAQ:BRCN) announced its annual general meeting of shareholders will be held virtually on November 23, 2022. KPMG, a multinational professional firm providing audit, tax and advisory services is nominated for appointment as Burcon's auditor to be voted upon at the upcoming virtual AGM. "We are very pleased to have KPMG agree to come on board with us for the coming year," said Peter H. Kappel, Burcon's interim CEO and chairman of the board, adding "KPMG is also the auditor of Merit Functional Foods Corporation, where we hold a 31.6% equity interest and we expect that this will contribute to efficiencies going forward. We look forward to working with KPMG."
The Good Shroom (TSX-V:MUSH)through its subsidiary Teonan Biomedical Inc, operates Nordique Royale, announced that it has begun selling Sage n' Sour cannabis flower in Quebec. Sage n' Sour by Nordique Royale launches today. The company received its first PO for this product for $19,032 and is expected to receive replenishment PO's every 1 to 2 weeks for this product in addition to its other products. This launch is occurring in approximately 30% of all stores for the first 6 months and is expected to move into all stores thereafter. The size of its PO's are also expected to increase concurrently at that time. The company also has five other hash and cannabis flower products presently sold in Quebec and is launching several more in the coming months.
International Cobalt Corp (CSE:CO) said that it has terminated the business combination agreement with General Magnesium Corporation by mutual agreement of all parties. Following notice of the termination, it is expected that the company will be reinstated for trading on the Canadian Securities Exchange on October 14, 2022. The company also announced that it will be requesting a voluntary delisting of the common shares from the CSE due to prolonged weak market conditions, which it said would be in the best interests of its shareholders and the company in order to preserve its current business and capital. The company has determined that it must consider all measures necessary to preserve its business, including assessing cost cutting opportunities to preserve its working capital position. The cost of remaining a listed issuer is another factor that the Board of Directors has considered in determining that the best course of action for the company would be to delist. Despite the delisting, the company will continue to be subject to ongoing disclosure and other obligations as a reporting issuer under applicable securities legislation in Canada.
SWMBRD Sports Inc (CSE:SWIM) has announced the resignation of Frances Petryshen as the company's corporate secretary and a director. The company has appointed Christopher Grove as a director in place of Ms. Petryshen and named Matthew Schroenn as the group’s corporate secretary. Christopher Grove has significant contacts within the financial communities in North America and Europe, and considerable experience with public companies, the company said. He is also a director and President of Commerce Resources Corp. and Zimtu Capital Corp. Schroenn is one of the co-founders of the company and has been an integral contributor to all aspects of the invention, design, prototyping, patenting, and manufacturing of the Swimboard and related accessories, the company said. Schroenn’s involvement with the company has been focused on design and manufacturing systems, trademark and patent applications, and raising capital.