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News snapshot: Cloud DX, Universal Ibogaine, Burcon NutraScience, Logiq, Lavras Gold, Magna Mining, Psyched Wellness UPDATE...

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

Aftermath Silver (TSX-V:AAG) Ltd said it is increasing the size of its previously-announced, non-brokered private placement from up to 11,764,705 company units to up to 17,647,058 units at a price of $0.17 per unit.

The junior explorer noted that it intends to use the net proceeds from the offering for metallurgical and other technical studies on the Berenguela silver-copper project in Peru, as well as the Challacollo silver-gold project in Chile, and for general working capital purposes.

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Consumer demand for legal cannabis continues to grow in the US despite stalled legalization efforts at the federal level. Analytics company New Frontier Data, for example, projects US cannabis sales will hit US$57 billion annually by 2030, with that number possibly reaching $72 billion if 18 additional states permit adult recreational use.

MariMed (CSE:MRMD) has developed into a premier seed-to-consumer multi-state operator with expertise in cultivation, production and dispensary operations. The company has a track record of sustainable revenue growth along with one of the strongest EBITDA margins in the industry, projecting $135 million to $140 million in revenue for 2022, as well as $35 million to $40 million in adjusted EBITDA.

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Nextech AR Solutions Corp has announced multiple platform development updates to its Toggle3D design studio, including new templates and file format availability.

Launched in September, Toggle3D is an AR-enhanced web application that allows users to create and publish high-quality 3D models and experiences without any prerequisite technical or 3D design knowledge.

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Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) has announced the final analytical results of the Phase III summer 2022 diamond drilling program at its flagship 20,006-hectare Davidson River project in Saskatchewan, which included the intersection of “significant structure and favorable alteration zones” that have defined high-priority follow-up target areas for the planned 2023 summer/fall drill program.

The uranium exploration company said the Davidson River Phase III program comprised 10 drill holes totalling 4,107.7 metres of diamond drilling along the Thunderbird and Bronco conductive trends.

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Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has inked a rig contract with CWC Ironhand Drilling (CWC) which will drill the company’s next well at the Paradox basin project in Utah.

The planned State 36-2 LNW-CC well will be the first of three wells designed to further delineate Zephyr's acreage position in the project, the company highlighted in a statement.

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Poolbeg Pharma PLC (AIM:POLB, OTCQB:POLBF) said researchers have identified "multiple" drug targets for respiratory syncytial virus (RSV) using artificial intelligence.

RSV is a cold-like condition to which young children and the elderly are particularly vulnerable. Currently, it is poorly treated.

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Thunderbird Entertainment Group Inc (TSX-V:TBRD, OTCQX:THBRF) said its annual general meeting previously scheduled for December 6, 2022 will be postponed to allow the company to properly consider the announcement made by a shareholder, Voss Capital LLC, on November 4, 2022 stating its intention to nominate a slate of new directors for Thunderbird. Thunderbird is reviewing this announcement and will determine the next steps, including a new date for the AGM, in due course. In the meantime, there is no need for shareholders to take any action. The company has applied to the British Columbia Registrar of Companies for an extension and intends to hold its AGM not later than March 6, 2023.

Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF) said its third quarter 2022 financial results will be released after market close on November 9, 2022, followed by a conference call with its president and CEO Dominic Duffy for investors and analysts on November 10, 2022, at 8:00am ET. Analysts and interested investors are invited to participate using the following dial-in numbers: Toll free 877 407 8289; Conference ID: 13734270

Aion Therapeutic Inc. (CSE:AION) said it has filed its annual financial statements and management discussion and analysis for the year ended April 30, 2022 as well as its interim disclosure documents for the three-month period ended July 31, 2022. These documents can be accessed under the company’s profile on SEDAR.

Emerald Health Therapeutics Inc (CSE:EMH, OTCQX:EMHTF) and Skye Bioscience Inc (OTCQB:SKYE) said they intend to close the previously-announced Plan of Arrangement on or about November 10, 2022. The companies have also waived the condition that Skye obtain a conditional approval to list its shares on the Canadian Securities Exchange (CSE) prior to closing the Arrangement. They said after careful consideration, both have determined that closing the transaction at this time was in their mutual best interest. The closing of the Arrangement will, among other things, result in Emerald Health shareholders receiving their shares of Skye under the Arrangement and will allow Emerald Health to complete the sale of its remaining cannabis assets and create funds to be utilized in Skye’s Phase 1 clinical trial, which is expected to begin before the end of 2022. Although the conditional listing requirement has been waived, Skye has covenanted that it will use its best efforts to obtain the listing of its shares on the CSE as soon as possible. The Skye listing application was submitted to the CSE on August 31, 2022 and is currently under review.

Golden Minerals Company (NYSE-A:AUMN, TSX:AUMN, ETR:7GB) intends to release its third quarter 2022 financial results and hold its quarterly management conference call and webcast on Thursday, November 10, 2022. The results will be released before 7:00am ET on November 10, 2022, while management’s conference call and webcast will be held at 11:00am ET. During the call, Golden’s management team will discuss the third quarter performance as well as recent project updates. Phone lines will be opened for a live Q&A session after the presentation. The webcast will also be available for replay at http://www.goldenminerals.com/ after November 10, 2022.

Wishpond Technologies Ltd. (TSX-V:WISH, OTCQX:WPNDF), a provider of marketing-focused online business solutions, has announced that it expects to release its third quarter financial statements and corresponding management's discussion and analysis for the three months to September 30 this year before market open on Thursday, November 17, 2022. The company said it will also host a conference call to discuss the results on the same day at 10am PT (1pm EST). The call will be hosted by chairman and CEO Ali Tajskandar and David Pais, the CFO. Webinar registration details can be found here: https://bit.ly/WISH_Q3Results

DRDGOLD Ltd (NYSE:DRD, JSE:DRD, OTC:DRDGF) announced that CEO Niel Pretorius will be attending the Q4 Investor Summit live in NYC at the Sheraton Times Square. During the presentation, Pretorius will introduce the company and its value proposition of gold-price exposure, ESG and dividend history. The presentation will be made available on the DRDGOLD website at www.drdgold.com on 14th November 2022.

Bloom Health Partners Inc (CSE:BLMH, OTCQB:BLMHF) announced that Jessica Federer has resigned from the board of directors of the company to focus on another venture. Marlis Yassin has also resigned as Chief Financial Officer of the company. The board of directors thanks Mses. Federer and Yassin for their service to the company.

Versus Systems Inc. (NASDAQ:VS, CSE:VS) announced that its Board of Directors has approved a 1-for-15 reverse split of its common shares to comply with Nasdaq’s listing requirements. The Consolidation is effective as of the close of trading on November 8, 2022. As a result of the consolidation, every 15 common shares of the company will be converted into one common share, reducing the number of issued and outstanding common shares from approximately 31.1 million to approximately 2.1 million. Versus expects its common shares to commence trading on a split-adjusted basis as of the open of trading on November 9, 2022.

American Resources Corporation (NASDAQ:AREC) announced it will report its third quarter 2022 financial results on Tuesday, November 15, 2022. The American Resources management team will host a conference call and live audio webcast to provide a business outlook at 4:30 PM ET that same day. Interested participants and investors may access the conference call by dialing (877) 407-4019 and referencing American Resources Corporation's Third Quarter 2022 Conference Call, or by the webcast link here: https://pr.report/tp2DlC61.

Vicinity Motor Corp. (TSX-V:VMC) announced that it will release financial results for the third quarter ended September 30, 2022, after market close on Tuesday, November 15, 2022. Management will host an investor conference call at 4:30 p.m. Eastern time the same day to discuss the results, provide a corporate update, and conclude with a question and answer session from telephone participants. To participate, please use the following information: U.S./Canada Dial-in: 1-844-850-0545; International Dial-in: 1-412-542-4118; Conference ID: 10173008; Webcast: Vicinity Motors Q3 2022 Webcast https://pr.report/7QkIbeAE

NioCorp Developments Ltd. (TSX:NB, OTCQX:NIOBF) announced that it has filed a Form S-4 Registration Statement with the U.S. Securities and Exchange Commission regarding the company's proposed Business Combination Agreement with GX Acquisition Corp II. The filing of an S-4 is a key milestone in the process and helps NioCorp and GXII continue to advance the proposed deal to closing. The proposed transaction values the combined entity at an estimated enterprise value of $313.5 million. The deal is expected to close in the first quarter of 2023, subject to effectiveness of the registration statement on Form S-4 that NioCorp filed, the satisfaction of customary closing conditions. The form can be seen on NioCorp's website at https://www.niocorp.com/S-4_filing_excerpts/.

Sidus Space Inc (NASDAQ:SIDU) announced its participation at Space Tech Expo Europe 2022 in Bremen, Germany from 15 to 17 November 2022. The event is considered the most important European B2B exhibition and conference for the space industry. Sidus CEO Carol Craig and team will be showcasing LizzieSat, a multipurpose satellite designed to integrate multiple technologies, at the event with Dutch space companies that include Dawn Aerospace who specializes in space transportation. “With our expanded focus on international partnerships, we are very pleased to participate in such a significant international space conference. Our team looks forward to interacting with and progressing meaningful relationships with our colleagues, customers and partners,” said CEO Carol Craig.

Lobe Sciences Ltd (CSE:LOBE, OTCQB:LOBED) announced that Philip Young, CEO and Executive Director, will present at the MONEYSHOW VIRTUAL EXPO, November 10th at 10:40AM EDT. The presentation will be available on demand through the MONEYSHOW VIRTUAL EXPO Meeting site at this link: https://www.newsfilecorp.com/redirect/KJoB8uxg1p. Registration for the event is accessible via the following link: https://www.newsfilecorp.com/redirect/ErQvyfZaLE. The company will also participate in one-on-one meetings during the conference.

Blue Sky Uranium Corp. (TSX-V:BSK, OTCQB:BKUCF) said that it is presenting at Virtual Investor Conferences upcoming Uranium Virtual Investor Conference to be held on November 8, 2022 at 10:00 am PT/1:00 pm ET. Investors can register for the conference at: https://bit.ly/3WqshkN.

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