A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
CULT Food Science Corp has announced that its San Francisco, California-based portfolio company, Eat Just Inc has recently received approval from the Singapore Food Agency to sell new types of cultivated chicken products, including chicken breast, in 2022. The Vancouver, British Columbia-based company said that the SFA approval is aligned with Singapore’s target to produce 30% of its nutritional needs in-country by 2030, via a combination of cell-based agriculture and other innovative technologies. Cell-based proteins are being represented as potentially more sustainable, environmentally friendly, and scalable than traditional meat products, as large volumes of cell-cultured foods can be produced using less land and labour. “CULT applauds Eat Just’s receipt of additional approvals from the Singapore Food Agency as continued evidence of its industry-leading production, compliance, and innovation capabilities,” said Dorian Banks, CEO of CULT in a statement.
Kenorland Minerals Ltd (TSX-V:KLD) has announced initial drill results from the recently-completed 17,792 meter (m) diamond drill program at the Regnault gold discovery within its Frotet project in Quebec, which included 15.4m of 18 grams per tonne (g/t) gold. The company said the drill program was designed to systematically step-out along strike and down dip of the known structures to gain better understanding of the structural and lithological controls on gold mineralization, as well as explore for other mineralized structures within the Regnault gold system.
Levitee Labs (CSE:LVT) Inc has announced that it is collaborating with the LiveRx Research Group for testing, treating, and curing Hepatitis C Virus (HCV) in Alberta, and providing equitable access to Hepatitis C care. LiveRx is a project led by Mark G. Swain, head of the Division of Gastroenterology and Hepatology at the University of Calgary, and funded by the Alberta Innovates Partnership for Research and Innovation in the Health System (PRIHS) funding program. The research group is dedicated to addressing inequities in the current specialist referral-based HCV care model. The Vancouver-based wellness company said that it will work with LiveRx to create an equitable, patient-centric HCV care model that facilitates shifting HCV care from specialist treatment centers in urban centers to easily accessible clinics and pharmacies across the province.
American Resources Corporation (NASDAQ:AREC) has revealed that the West Virginia Economic Development Authority (WVEDA) preliminarily approved the issuance of a $45 million tax-exempt Solid Waste Disposal Facility Revenue Bond, Series 2022, for the company’s Wyoming County Coal (WCC) complex located near the town of Oceana, West Virginia. The State of West Virginia has the authority to annually authorize the issuance of certain specified private activity bonds up to an annual amount determined under federal law. Such amounts for West Virginia for the calendar year 2021 is $324,995,000. On December 16, 2021, the WVEDA approved a resolution preliminarily approving the issuance of the bonds on behalf of the company’s wholly-owned subsidiary, Wyoming County Coal LLC, and allocated $45 million of West Virginia’s 2021 volume cap to the bonds.
Real Luck Group Limited, and its subsidiary companies doing business as Luckbox, have announced the availability of casino games on the Luckbox wagering platform. The legal real-money betting company said the Luckbox casino, which is live on the platform, “complements” the existing offering of e-sports and sports betting. The global online casino market is estimated at $134.9 billion in 2021 and could reach $159.8 billion by 2026, growing at a compound annual growth rate (CAGR) of 3.45%, according to Research and Markets. “Through today’s online casino launch, Luckbox is now positioned to benefit from this growth market,” noted the company.
Newrange Gold Corp has announced that its geologists have identified a multi-phase intrusive system with locally “strong” copper +/- zinc mineralization at surface on its Pamlico project in Nevada. In a year-end update, the company said the discovery was within the recently-enlarged property, now covering an area of more than 5,700 hectares, which has seen little to no previous exploration.
KetamineOne Capital Limited (LSE:CAPD) has announced the results of voting at its annual general and special meeting of shareholders which was held on December 17, 2021, in Vancouver, British Columbia. There were 11 shareholders represented in person or by proxy at the meeting holding 18,857,552 common shares, representing 15.69% of the company’s total issued and outstanding common shares as at the record date for the meeting, and all resolutions proposed were overwhelmingly approved by the shareholders.
Stifel GMP has repeated its ‘Buy’ rating on The Valens Company as it thinks the company’s profile “risk-reward seems appealing now”. In a note to clients, the broker’s analysts noted that Valens recently announced a $40 million debt financing at 10% to shore up its balance sheet with non-dilutive capital and refinance existing debt. They said: “We view this positively as it avoids raising equity at 52-week lows, while also de-risking the company’s outlook.”
World Copper Ltd (TSX-V:WCU, OTCQB:WCUFF) is poised to “materially advance two high-quality copper projects in tier-one jurisdictions” with preliminary economic assessments (PEAs) in 2022, according to Red Cloud Securities. The broker currently has no rating or target price on the stock but its analysts noted that World Copper shares trade at a discount to peers on an enterprise value per pound of copper-equivalent of US$0.010 per pound compared to resource and PEA-stage peers, which are at US$0.018 per pound. The company, which is well-funded going into 2022, is focused on advancing two primary copper porphyry projects – Escalones and Cristal in Chile – and the analysts at Red Cloud also highlighted two key developments seen in 2021.
Water Tower Research has published an update note on Steelcase Inc (NYSE:SCS): https://www.watertowerresearch.com/content/3q22-earnings-update-sales-miss-due-to-americas-shortfall-other-segments-in-line-cost-price-supply-chain-pressures-persist-incoming-orders-up-40-exceeding-expectations-consolidated-ending-backlog-800-million/teaser?utm_campaign=elts&utm_medium=social&utm_source=social.
Water Tower has also published an update note on Zovio Inc: https://www.watertowerresearch.com/content/appointment-of-new-ceo-randy-hendricks/teaser?utm_campaign=elts&utm_medium=social&utm_source=social
Proactive research has issued a note on Mydecine Innovations Group Inc in which analyst Ed Stacey argues that the expanding IP base demonstrates the effectiveness of Mydecine’s AI-enabled drug discovery programme.
ESE Entertainment Inc has said it is teaming up with the National Association for Stock Car Auto Racing (NASCAR) to deliver the second season of the eNASCAR International iRacing Series. The program will visit five virtual tracks weekly in the US, Canada, and Belgium, beginning at Homestead-Miami Speedway on Saturday, January 8, 2022, and ending on February 5, 2022, at the Phoenix Raceway. “Through this partnership, we’re uniquely positioned to help drive the series forward through our simulators and esports technology,” Niall Maher, CEO of ESE subsidiary, Digital Motorsports said in a statement
Adastra Holdings (CSE:XTRX) Ltd announced that its Adastra Labs Inc subsidiary has received its flower sales license amendment from Health Canada effective December 17, 2021. The Langley, British Columbia-based company said that the flower sales license will allow Adastra Labs to sell dried cannabis flower products provincially and territorially in Canada through authorized distributors and retailers. “Receiving our flower sales license is a significant milestone and provides Adastra with an additional pathway to pursue higher-margin revenue growth within the Canadian cannabis market,” said Donald Dinsmore, chief operating officer in a statement.
GR Silver Mining (TSX-V:GRSL) Ltd said it has sold two early-stage, non-core exploration concessions – El Salto and El Salto Sur – to a private Mexican company, Grupo Minero Venturex S.A. DE C.V. “The sale of these two concessions is part of the company’s strategy to divest non-core concessions acquired in conjunction with the acquisition of the past producer La Trinidad mine,” said GR Silver’s CEO Marcio Fonseca in a statement. “By selling these concessions, the company will be eliminating the ongoing concession fee obligations and current liability once approval of the sale is granted.” The two concessions, acquired from Mako Mining in March this year, span a large combined area of 569.1 square kilometers (sq km) and lie to the southeast of the company’s Plomosas project, on the Sinaloa-Nayarit border. For the sale, the company received US$1,000 and was granted a 0.5% net smelter royalty (NSR).
Empower Clinics Inc, an integrated healthcare company, has announced the opening of its next The Medi-Collective (TMC) clinic in Kitchener, Ontario. The Vancouver, British Columbia-based company said that the 2,500-square-feet location, which is co-located with a Rexall pharmacy, will offer family medicine, internal medicine, and paramedical services such as chiropractor, physiotherapy, registered massage therapy and custom bracing orthotics. “As of today, the clinic is accepting new patients,” said the company. The facility currently has two family doctors and one internal medicine specialist with plans to hire additional physicians and support staff in the coming months.
Idaho Champion (CSE:ITKO, OTCQB:GLDRF) Gold Mines Canada Inc has told investors it reckons the firm is just “scratching the surface” of a system with world-class potential at its flagship Champagne gold project in the US as it updated on achievements of 2021. In a letter to shareholders, Idaho Champion (CSE:ITKO, OTCQB:GLDRF) CEO Jonathan Buick noted that this year’s exploration program had moved “beyond” areas of historic mining to focus on new exploration around the “Greater Potential” northwest from the past-producing pits. “We are pleased to have added to our system with over eight square kilometres of mineralized corridor,” he said. This year’s drill program consisted of around 3,400 metres (m) of “fence” drilling and focused on the anomaly within the prospective St. Louis-Reliance Corridor, with results so far showing intense veining, bonanza grades and increasing alteration with depth, Buick noted.
Mason Graphite Inc (TSX-V:LLG, OTCQX:MGPHF) has congratulated its graphene partner, Black Swan Graphene Inc on its intention to go public through a binding letter of intent with capital pool company Dragonfly Capital Corp. In connection with the transaction, it is anticipated that Black Swan will complete a concurrent financing to raise minimum gross proceeds of C$5 million by the issuance of common shares at a price of $0.15 per share.
Harbor Custom Development Inc said it has entered into a contract with Laughlin Development, LLC, for the purchase of 66 undeveloped lots for $2,900,000 in Poulsbo, Washington state. Westry Village is a future 66 unit townhome site located in College Market Place Northwest, a regional shopping center in Poulsbo. Harbor has contracted to purchase the project upon completion of the permitting process and issuance of site plan approval from the city of Poulsbo. “This acquisition allows Harbor to continue expanding the company’s footprint in Kitsap County, where we have had great success. Our objective is to begin vertical construction in Q4 of 2022,” commented Sterling Griffin, president and CEO of Harbor in a statement.
ACME Lithium Inc said it has filed permitting documentation with the Bureau of Land Management (BLM) for the company’s Clayton Valley lithium brine project in Esmeralda County, Nevada. The Notice of Intent (NOI) covers a three-hole drill program up to a depth of 500 meters and focuses on the most prospective lithium brine targets as defined by recent geophysical work. Upon approval and receipt of permits, ACME is targeting to drill its Clayton Valley Lithium project in late Q1 2022 and said it will provide further updates as new information comes available. ACME’s project is contiguous to Albemarle’s Silver Peak lithium resource and production facility. The company believes the lithium source material and transport mechanisms could be similar to those that have supplied other Clayton Valley lithium-bearing brines.
HighGold (TSX-V:HIGH, OTCQX:HGGOF) Mining Inc has said it expects to receive initial results from the November-December drill program at its Munro-Croesus gold property in Timmins, Ontario by the middle of the first quarter, 2022 as it revealed the first phase program has been completed. The company also said it had struck an exploration agreement (EA) with Wahgoshig First Nation on the project. This is the third such agreement that HighGold (TSX-V:HIGH, OTCQX:HGGOF) has signed with First Nations in the region, including with Matachewan and Mattagami First Nations.
ElectraMeccanica (NASDAQ:SOLO) Vehicles Corp has announced that it will showcase several variants of the company’s award-winning single-seat, three-wheel electric SOLO EV electric vehicle at the 2022 Consumer Electronics Show (CES) being held at the Las Vegas Convention Center from January 5-8, 2022. “CES is the premier event to show the world what the future of clean transportation looks like, so we’re thrilled to be back, showcasing the next chapter in ElectraMeccanica (NASDAQ:SOLO)’s story,” said Kevin Pavlov, CEO of ElectraMeccanica (NASDAQ:SOLO) in a statement. “The SOLO EV is unlike any other vehicle on the market, and it represents a massive opportunity for consumers and businesses. Not only is it fun to drive, but it’s also the eco-friendly option that today’s drivers want and deserve.” ElectraMeccanica (NASDAQ:SOLO)’s exhibit at CES 2022 will be in the Las Vegas Convention Center West Hall in Booth 3677.
Todos Medical Ltd has announced the appointment of Valentino Smith as the company’s new vice president of marketing. Todos also said it has retained iiiNTENT, an artificial intelligence digital marketing software as a service (SAAS) provider, to assist with the marketing of Tollovid and Tollovid Daily 3CL protease inhibitor dietary supplement products.
GameSquare Esports Inc said it has qualified for trading on the OTCQB Venture Market in the United States operated by OTC Markets Group Inc and the company’s common shares commenced trading today, December 20, 2021, under the symbol GMSQF.. The company’s common shares will continue to trade on the Canadian Securities Exchange under the symbol GSQ and on the Frankfurt Exchange under the symbol 29Q1. “Qualifying to trade on the OTCQB is an important milestone for the Company and for our supportive shareholders,” said GameSquare Esports CEO Justin Kenna in a statement. “We are a global company with a strong connection to the United States. Enhanced accessibility by investors, particularly within the US market, is another step towards meeting our goal of becoming a global leader in esports and gaming. We believe that this could increase liquidity and provide greater access for international investors seeking to own GameSquare Esports and its subsidiary companies Complexity Gaming, GCN, Code Red, and Cut+Sew,” he added.
Alpine 4 Holdings Inc subsidiary Identified Technologies said that after receiving inquiries from several shareholders, it would like to clarify that its contract for the Everglades Restoration Project in Florida is “through a prime contractor, as opposed to directly with the Army Corps of Engineers”. The Everglades Restoration Project is one of the largest water management projects in the country, according to Alpine 4. “The Identified software platform is being deployed to help manage construction for a multinational contractor and keep federal, state, and county project stakeholders aligned with one another,” said the company. The Everglades restoration project involves a 16-mile sand embarkment dam, a 10-acre reservoir, a perimeter canal and multiple water control structures.
Goldseek Resources Inc said it has raised $595,200 in aggregate of flow-through funds by way of a non-brokered private placement. The company has issued 3,967,999 Quebec flow-through (FT) units at the price of $0.15 for gross proceeds of $595,200. Each FT unit is comprised of one common share, which is a “flow-through” share for Canadian income tax purposes and one half warrant exercisable at $0.20 for a period of two years following the issuance date. In connection with the completion of the private placement, the company paid a finder’s fee consisting of $36,750 and the issuance of 245,000 warrants exercisable at $0.15 per share for a period of three years following the issuance date. All securities issued under the private placement will have a hold period of four months and a day from closing.
Ximen Mining Corp (TSX-V:XIM, OTCQB:XXMMF) said it has closed the first tranche of a non-brokered private placement originally announced on December 1, 2021, consisting of 720,000 flow-through shares at a price of $0.22 cents per share for gross proceeds of $158,400. Each flow-through share consists of one common share that qualifies as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 36 months from the date of issue, one additional non-flow-through common share of the Issuer at an exercise price of C$0.35 per share. The net proceeds from the offering will be used by the company for exploration expenses on its British Columbia mineral properties.
Virtual Investor Conferences, the leading proprietary investor conference series, has announced that the presentations from the December 16, 2021, Life Sciences Virtual Investor Conference are now available for on-demand viewing via the following link: https://bit.ly/3yxak8A. This virtual event showcased live company presentations and interactive discussions focused on the life sciences industry. The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download shareholder materials from the company’s “virtual trade booth”. A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group’s suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network. To view a complete calendar of Virtual Investor Conferences, investors can visit www.virtualinvestorconferences.com.
ImagineAR Inc said it has launched FameDays.com – https://www.famedays.com/ – from today, December 20, 2021. Using the Free FameDays mobile app, fans can enjoy free Holiday hologram video messages right in their home. Fans can record their own videos and pictures with the virtual star as if they are standing right next to them in real life and then share the content via social media. Free hologram celebrities this holiday season include Football Superstar Von Miller, Reality Star Blake Hortsmann, Pro Wrestler Adam Scheer, Denver Football Stars Brandon McManus and Courtland Sutton, and of course – Santa.
Australis Capital Inc (CSE:AUSA, OTCQB:AUSAF) has announced the results of its annual meeting of shareholders held on December 17, 2021. All the resolutions, as described in the company’s proxy statement dated November 2, 2021, were approved by the requisite majority of votes cast at the meeting. The number of directors was fixed at six (supported by 98.3% of votes cast). Each of the directors listed as a nominee in the proxy statement were elected at the meeting to serve as a director of the company until the next annual shareholders meeting. All other resolutions, being the appointment of the auditors, the company’s option and RSU plans, were also passed at the meeting.
HighGold (TSX-V:HIGH, OTCQX:HGGOF) Mining Inc said the TSX Venture Exchange has accepted for filing an agreement of purchase and sale dated October 28, 2021, between the company and its wholly-owned subsidiary, Epica Gold Inc., and Thomas Obradovich, Leslie Dyment and Jocelyne Kidston. Under the terms of the agreement, the company acquired (through Epica) an aggregate of 10 single-cell mining claims and 14 boundary cell mining claims located in the Larder Lake mining division in the Timmins region of Ontario. By way of consideration, the company made cash payments totalling $50,000 and issued 100,000 common shares to the vendors at a deemed price of $1.60 per share. The property is subject to a 2% NSR (net smelter return) royalty in favour of the vendors. The company may purchase one-half of the royalty (being 1%) from the vendors, or their assignees, for a purchase price of $1.5 million, at which time the royalty shall immediately and automatically be reduced to 1%. The company shall have a right of first refusal to purchase all or any part of the vendors’ 1.0% royalty interest that is not subject to the buy-down option.
Northwest Copper Corp said the TSX Venture Exchange has accepted for filing documentation with respect to its brokered private placement announced Nov. 9, 2021, which will see the issue of 16.95 million charity flow-through shares at a purchase price of $1.18 per charity flow-through share with 52 placees.
Cypress Development Corp (TSX-V:CYP, OTCQB:CYDVF) reported that since the closing of the purchase of Nevada water Permit 44411 from Intor Resources Corp, it has learned that a petition was filed by a junior exploration company in the Nevada District Court for review of the Nevada State Engineer’s approval of Intor’s Application for Extension of Time to Prevent Forfeiture of the Permit Cypress said it and Nevada Sunrise believe that the Nevada State Engineer’s approval of Intor’s Application was correct and complied with Nevada law. Additionally, the company believes the petition is substantively and procedurally deficient and does not conform to Nevada law. Cypress said it will cooperate with the Nevada State Engineer to vigorously oppose the petition. Intor has pledged its cooperation in this effort. The petition does not affect Cypress’s ability to apply to the State Engineer to use the water for Cypress’s project, it added.
In a separate statement, Cypress Development Corp (TSX-V:CYP, OTCQB:CYDVF) said the TSX Venture Exchange has accepted for filing a water rights purchase and sale agreement dated September 7, 2021, between Cypress Holdings (Nevada) Ltd., a wholly-owned subsidiary of the company, and Intor Resources Corp, a wholly-owned subsidiary of Nevada Sunrise Gold Corp. (TSX-V:NEV) Under the terms of the agreement, the company has completed the purchase of Water Rights Permit 44411 and Certificate 13631, which gives the company access to 1,770 acre-feet of water per year for mining, milling and domestic use. By way of consideration, the company made cash payments totalling US$2.15 million and issued 546,909 common shares of the company at a deemed price of $1.9808 per share at closing.
Trillion Energy International Inc has announced the results of its December 17, 2021, Special Meeting of stockholders. The sole issue voted on at the meeting was the proposed redomicile from Delaware to British Columbia. A total of 100,777,850 shares, representing 54.45% of shares outstanding, were represented at the meeting in person or by proxy and 54.35% of those shares voted for the proposal, while 0.08% voted against and 45.55% were not voted. The company will proceed with the move effective January 1, 2022. No material changes to the board, management, day-to-day conduct of the business of the company or its strategy will occur as a result of the redomicile.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has announced that at the Annual General Meeting of the company held at 9.00am Pacific time on December 17, 2021, all of the proposed resolutions were duly passed.
Mednow Inc (TSX-V:MNOW, OTCQB:MDNWF) has said it will be hosting its quarterly conference call on Wednesday, December 22, 2021, at 8.30am EST. The conference call will cover its first-quarter 2022 financial results and an update. During the call, the Mednow team will provide an update on Mednow’s national expansion, recent strategic partnerships, milestones, M&A activities, and first-quarter 2022 financial results. Dial-in details: Canada/USA Toll-free 1-800-319-4610; International Toll 1-604-638-5340. The conference call will be available on our website at: https://investors.mednow.ca/financial-reports/ for playback within a few business days.