4:05pm: Falcon Gold, NextSource Materials add to gains late afternoon
Empress Royalty Corp (TSXV:EMPR) shares jumped 16% to $0.355 Wednesday, on volume of more than 1.5 million shares, after the global royalty and streaming creation company announced the closing of the second and final tranche of its non-brokered private placement of units, raising an additional US$1 million in gross proceeds and welcoming legendary mining investor Rick Rule as a long-term strategic shareholder.
Empress, which owns a portfolio of 17 gold and silver investments, noted the funds will be deployed to aggressively evaluate new potential opportunities to expand its diversified portfolio of revenue-generating gold and silver investments.
As well, shares of Nextech AR Solutions Corp (CSE:NTAR) continued to move higher Wednesday, up 10% to $1.21 following an 8% gain on Tuesday, as the company said the spatial computing technology of its spin-off ARway (CSE:ARWY) is now being used as part of the XR engine powering Encore, a live interactive music app co-founded by rapper Kid Cudi.
This application of the ARway platform opens up a “substantial new market”, providing augmented reality (AR) spatial activations for the music industry, Nextech noted.
Network Media Group Inc (TSXV:NTE), meanwhile, reported third-quarter 2022 revenue of C$9,507,901, up from C$1,093,191 during the same period last year, while swinging a profit of C$2,309,212 from net loss of $578,995 a year earlier. Network Media is a boutique film, television, and digital content production company. Its stock moved up 113% to $0.085 following the announcement.
In addition, shares of Falcon Gold Corp (TSXV:FG) saw a straight day of gains, climbing 24% to $0.13 after rising 5% on Tuesday, after the junior explorer announced the expansion of its HSP south project in southern Quebec by 70% through staking an additional 290 claims, which increased its total claims to 703, covering 37,962 hectares in the Havre St. Pierre Anorthosite Complex.
And, NextSource Materials Inc (TSX:NEXT) shares continued to advance Wednesday, up 13% to $2.42 following a 12% gain on Tuesday, after the strategic materials development company announced the completion of construction activities and said mining activities at its Molo Graphite Mine in Madagascar are expected to begin in November 2022.
NextSource also said it has raised about US$16.9 million from the early exercise of warrants.
12:05pm: Empress Royalty, Network Media Group make big gains
Empress Royalty Corp (TSXV:EMPR) shares jumped 23% to $0.375 Wednesday, on volume of more than 1.1 million shares, after the global royalty and streaming creation company announced the closing of the second and final tranche of its non-brokered private placement of units, raising an additional US$1 million in gross proceeds and welcoming legendary mining investor Rick Rule as a long-term strategic shareholder.
Empress, which owns a portfolio of 17 gold and silver investments, noted the funds will be deployed to aggressively evaluate new potential opportunities to expand its diversified portfolio of revenue-generating gold and silver investments.
READ: Empress Royalty closes second and final tranche of its non-brokered private placement of units, raising an additional US$1 million
As well, shares of Nextech AR Solutions Corp (CSE:NTAR) continued to move higher Wednesday, up 10% to $1.21 following an 8% gain on Tuesday, as the company said the spatial computing technology of its spin-off ARway (CSE:ARWY) is now being used as part of the XR engine powering Encore, a live interactive music app co-founded by rapper Kid Cudi.
This application of the ARway platform opens up a “substantial new market”, providing augmented reality (AR) spatial activations for the music industry, Nextech noted.
Network Media Group Inc (TSXV:NTE), meanwhile, reported third-quarter 2022 revenue of C$9,507,901, up from C$1,093,191 during the same period last year, while swinging a profit of C$2,309,212 from net loss of $578,995 a year earlier. Network Media is a boutique film, television, and digital content production company. Its stock moved up 125% to $0.09 following the announcement.
And, NextSource Materials Inc (TSX:NEXT) shares continued to advance Wednesday, up 10% to $2.36 following a 12% gain on Tuesday, after the strategic materials development company announced the completion of construction activities and said mining activities at its Molo Graphite Mine in Madagascar are expected to begin in November 2022.
NextSource also said it has raised about US$16.9 million from the early exercise of warrants.
Contact Sean at sean@proactiveinvestors.com