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NA Proactive news snapshot: Falcon Gold, American Battery Metals, Alpine 4 Technologies, KushCo Holdings, Mawson Gold UPDATE ...

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

HighGold - NA Proactive news snapshot:
Your daily round-up from the world of Proactive

Falcon Gold Corp (CVE:FG) (OTCPINK:FGLDF) (FRA:3FA) Wednesday announced that it has made what it called “excellent progress” on its 2020 stage 2 drilling program at the Central Canada gold mine in northwestern Ontario, with 489 metres of the 2,000-metre drill program being completed thus far. The company said the purpose of this drilling is to supplement previous programs in order to undertake a preliminary resource estimate for the Central Canada mine.

American Battery Metals Corporation (OTCQB:ABML) delivered a corporate update on Wednesday as the company progresses toward the opening of its battery recycling facility in Fernley, Nevada. The permitting process for the facility is underway. The building will be designed to manage 20,000 metric tons of scrap materials and end-of-life batteries per year, representing approximately $160 million of annualized revenue and a significant increase in the amount of metal recycled globally. Currently, only 90,000 metric tons of battery materials are recycled globally, the company said. The company is in the process of changing its name to American Battery Technology Company, which the team believes is more representative of its clean energy ambitions.

Alpine 4 Technologies Ltd (OTCQB:ALPP) is welcoming former CEO of Impossible Aerospace, Spencer Gore as its corporate strategy consultant to help with the integration of the two companies. Earlier this week, Alpine 4 Technologies announced it was entering the commercial drone space via a merger deal with Impossible Aerospace, which builds high-performance electric aircraft and drones. Impossible Aerospace will become a subsidiary of Alpine 4 Technologies once the deal closes in December. As corporate strategy consultant, Gore will help transfer Impossible Aerospace’s intellectual property and provide his expert insights into the commercial drone and battery technology markets.

KushCo Holdings Inc (OTCQX:KSHB) CEO Nick Kovacevich spoke at the Jefferies Virtual West Coast Consumer Conference this week, sharing the cannabis company’s story with investors along with CFO Stephen Christoffersen, who was also in attendance at the financial group’s event. Cypress, California-based KushCo is a leading provider of ancillary products and services to the legal cannabis and CBD industries, and Jeffries is a leading financial house with its main offices on Madison Avenue. A webcast of Kovacevich’s talk is available at https://wsw.com/webcast/jeff150/kshb/1835400.

Mawson Gold Ltd (TSE:MAW) (OTCPINK:MWSNF) (FRA:MXR) reported that shareholders had voted in favor of all items before the group's AGM, including setting the number of directors at six, and the re-election of all director nominees. A total of 115,097,600 common shares were voted, representing 45.14% of Mawson's issued and outstanding shares. Also approved was the re-appointment of D&H Group LLP as auditors for the ensuing year; the company's stock option plan, and the restricted share unit plan, the explorer said in a statement.

The TSX Venture Exchange has been advised that the common shares of PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) (FRA:8PY) will be listed and commence trading on the Toronto Stock Exchange at the opening on November 20, under the symbol PYR. As a result of this graduation, there will be no further trading under the symbol PYR on the TSX Venture Exchange after November 19 and the company's common shares will be delisted from the exchange at the commencement of trading on the Toronto Stock Exchange.

Predictiv AI Inc (CVE:PAI) (OTCMKTS:INOTF) Wednesday said it is set to deliver its ThermalPass units, an AI-enabled, thermal sensor temperature screening system, to five initial orders over the next 45 days. The customers include a convention center, a hospital, a mining company, two manufacturing plants and a leading industrial conglomerate. The company also said it has entered into seven strategic reseller contracts with established sales channels in Canada, the United States and Europe, which it expects will significantly accelerate unit orders as they continue negotiations with several government agencies, professional sports teams, long term care facilities and North American financial institutions. 

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) (FRA:2UE), a seed-to-sale, vertically integrated cannabis business, announced that it has signed an agreement with Alberta Gaming, Liquor & Cannabis to sell Heritage products in the province. “On the heels of Heritage already selling out some of our products in British Columbia — which we see as a clear indication of the strong demand for our full spectrum products — we are very pleased to have reached this milestone with the province of Alberta as it puts us closer to launching our products in that province in the near future,” said Heritage Cannabis CEO Clint Sharples. “With recent trends leaning toward product quality and price being the highest among product characteristics sought after by consumers, Heritage’s products — both the Purefarma and Pura Vida brands — offer exactly that: award-winning, superior products at affordable prices.”  

CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) has been selected by Chicago-based Sente Foundry LLC to participate in its Indoor AgTech program that will take place virtually through December 2020. Sente's Indoor AgTech program connects participants with indoor and greenhouse customers. At the ed of the program, at least three start-ups will be selected to pilot their technologies in a state-of-the-art growing facility, CO2 said."After several initial sessions, it is clear to us that Sente's Indoor AgTech Program participants offer opportunities for strategic partnerships that can accelerate our technology's deployment,” said Aaron Archibald, GROW's vice president of sales and strategic alliances, in a statement Wednesday. “Many of the participants' technologies, such as lighting, are complementary to our CO2 Delivery Solutions. Networking is a key driver for introducing new technologies to cannabis growers. The Sente program offers us the opportunity to tap into the participants' networks to help drive business development. We are honored to be selected by Sente to collaborate with their selected group of leading-edge AgTech companies," he added.

Goldseek Resources Inc (CSE:GSK) told investors its maiden drill program at its Southern Arm project at the Detour trend in Quebec will comprise 51 till sample holes and four diamond drill holes. The company owns contiguous claims covering 8,000 acres in the Fenelon Gold camp, 10km south of Wallbridge Mining Company Ltd’s (TSE:WM) Fenelon asset. Goldseek has three targets, all related to the Bapst fault, where the firm has 7.3km of strike length.

Todos Medical Ltd (OTCQB:TOMDF) Wednesday announced what it called “positive clinical proof of concept data” from its lab-based rapid SARS-CoV-2 3CL protease diagnostic test in collaboration with its joint venture partner NLC Pharma. The company said the data, which was generated by NLC Pharma in Israel, produced 100% sensitivity and 100% specificity in PCR-confirmed positive and negative COVID-19 patient samples.

American Rebel Holdings Inc (OTCQB:AREB) announced Wednesday the launch of its Home Grown Safes brand dedicated to the $35 billion cannabis industry. The company said the marketing of its Inventory Control Safe has been an overwhelming success and the creation of a dedicated brand for cannabis is an appropriate next step in capitalizing on the one-of-a-kind features and benefits of its legacy safe. "We have a long list of dispensary operators, growers, and processors interested in our customized Inventory Control solutions," said national sales manager Brett Lafferty in a statement. "Home Grown Safes being a dedicated brand to the cannabis industry exemplifies our commitment to this product line and validates the vast opportunity that exists for Inventory Control Safes and Vault Doors and American Rebel's positioning as a leader in the industry." American Rebel said it will launch HomeGrownSafes.com as the brand home on the Internet and the company has filed trademark protection for Home Grown Safes with the US Patent and Trademark Office.

American Resources Corporation (NASDAQ:AREC) announced a move to fully reclaim the non-core Indiana thermal coal mine complex acquired from a bankruptcy.  In 2019, American Resources received a feeler from the trustee of a bankrupt estate regarding acquiring the facility. The management determined that based on the structures and asset value the property could be reclaimed for the future at a cost that would be lower than the acquired assets. On closing of the asset acquisition, the group has been reclaiming the over 175-acre property while also considering lease structures from third-party operators in the region. Based on current market conditions, American Resources has made the determination to continue with its primary plan to fully reclaim the site for the future and relocate certain assets to achieve a full bond release of around $1.3 million in environmental bonds.

HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) continues to receive encouraging drill results from Alaska, where latest assays show the Johnson Track (JT) deposit at its flagship gold project could be extended at depth and down-plunge. This year's drilling campaign has now finished at the explorer's JT project for 16,420 metres (m) in 33 holes, and today's assays come from four, with 23 still pending. HighGold CEO Darwin Green said in a statement that the results highlighted the "opportunity to add high-tonnage/high-value mineralization with each new step-out hole. Observations of drill core from these and subsequent holes (for which assays are still pending) suggest the JT Deposit remains open for continued expansion down-plunge and that not all of it is faulted-off at depth as was previously interpreted," he said.

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) has entered into a share purchase agreement to acquire the remaining 49% interest in CannMart Labs Inc for full ownership of the cannabis extractor. Under the terms of the proposed transaction, it will acquire the remaining stake from MKD Holdings Inc and JLLS Holdings Inc in exchange for a purchase price of $4,034,000, Namaste said in a statement Wednesday. The company noted that CannMart Labs facility in Ontario has been completed for BHO (butane hash oil) extraction using leading extraction technology, making it one of only a few facilities in Canada with such capabilities. The lab’s application is in the final phase for a processing license from Health Canada.

BetterLife Pharma Inc (CSE:BETR) (OTCQB:BETRF) (FRA:NPAU), a biotech company focused on interferon (IFN) based therapeutics, updated investors Wednesday on the progress of its AP-003 COVID-19 clinical trials using inhaled interferon alpha 2b. While recent advancements in vaccines may seem to provide a glimmer of hope for bringing the pandemic to a close, it remains to be seen how safe and effective they will be, the company said. That means the need for life-saving COVID-19 remains significant. AP-003, as both a treatment and preventative, may well provide the solution for this unmet need, following the conclusion of its imminent trials in Australia. AP-003 and the Pfizer vaccine both utilize interferons, which are a natural part of the body’s innate immune system but that are blocked by the coronavirus. 

Revive Therapeutics Ltd (CSE:RVV) (OTCMKTS:RVVTF) (FRA:31R) has entered into an exclusive research collaboration agreement with PharmaTher Inc to accelerate the development of psilocybin to treat cancer and the discovery of novel uses of undisclosed psychedelic compounds. PharmaTher is a wholly-owned subsidiary of Newscope Capital Corporation (CSE:PHRM), a specialty psychedelics pharmaceutical company. "Revive continues to be focused on developing novel uses for psilocybin that leverages our proprietary oral thin film delivery technology as a differentiated therapeutic approach," said Revive CEO Michael Frank in a statement Wednesday. "We are excited to advance the development of PharmaTher’s recent discovery in the potential of psilocybin to treat certain cancers such as liver carcinoma, melanoma, breast neoplasms, kidney neoplasms and acute myeloid leukemia."

Gungnir Resources Inc (CVE:GUG) (OTCPINK:ASWRF) (FRA:AMO1) said it plans to increase spend at its Rormyrberget and Lappvattnet nickel sulphide deposits in Sweden next year after a highly positive updated mineral resource on the assets. Rormyrberget, for example, was shown to contain three times the amount of contained nickel than was reported in the most recent historical estimate in 2009. According to the 2020 CIM-compliant estimate, Rormyrberget houses 154 million pounds of nickel at 0.19%, compared to the historical 48.7 million pounds at 0.35%. Estimated at Lappvattnet is 23.1 million pounds of nickel at 1.35%, compared to 22.9 million pounds at 0.91% from 2009.

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) (FRA:7BC) aims to have its Keef and Cali-Bloom drinks products on shelves across Canada in the first quarter of 2021, it told investors, as the firm revealed it had submitted notice of new cannabis product (NNCP) forms to regulator Health Canada. In a statement on Wednesday, BevCanna also said first-round discussions with select Canadian provincial buyers are now complete and it is advancing its commercial rollout strategy and timelines.

Bragg Gaming Group Inc (CVE BRAG) (OTCMKTS: BRGGF) will be hosting its third quarter 2020 earnings and business update call on November 23 at 8:30am EST. Adam Arviv, Bragg’s interim CEO, along with CFO Ronen Kannor and Yaniv Spielberg, chief strategy officer, will host the call. To join the call, please use the below dial-in information: US/Canada: +1 270 215 9892; US/Canada (toll-free): +1 866 997 6681; UK: 0 2031070289 or 0 8000288438; Passcode is 1239305. A replay of the call will be available for seven days following the conclusion of the live call. In order to access the replay, dial +1 404 537 3406 or +1 855 859 2056 (toll-free) and use the passcode 1239305.

New Pacific Metals Corp (CVE:NUAG) (OTCQX:NUPMF) (FRA:3N7) said that further to its news releases in July and August this year, it has received conditional approval from the Toronto stock exchange to complete the spin-out of Whitehorse Gold Corp shares to New Pacific shareholders by way of a share exchange under a court approved plan of arrangement. The firm announced that the effective date of the spin-out will be November 18 this year and it will be completed following the market close on that date.

True Leaf Brands Inc (CSE:MJ) (OTCPINK:TRLFF) (FRA:TLA) late Tuesday said it is set to emerge from creditor protection after closing its previously-announced refinancing transaction. The company added that it will reacquire its True Leaf Cannabis Inc and True Leaf Investments Corp assets in a merger agreement with a private group of investors involved in the restructuring agreement, which also includes the participation of Lind Asset Management XV, The Australian Special Opportunity Fund, Canguard Mortgage Investment and its affiliates.

Binovi Technologies Corp (CVE:VISN) (OTCQB:BNVIF) (FRA:2EYA) said it had closed its previously announced non-brokered private placing for gross proceeds of C$2.050 million, after it issued over 16 million units at C$0.1275 each, with each unit comprising one company share and one share purchase warrant. Each warrant (which are subject to an acceleration clause) will entitle the holder to buy one share at an exercise price of C$0.40 each up to November 16, 2022. The firm intends to use the net proceeds from the financing for general working capital.

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) said Wednesday it was selected to join the Impact Radius Marketplace, a global affiliate marketing platform. Inclusion in the marketplace will allow Loop to generate revenue through global brand affiliate marketing programs aimed directly at consumers, the company told shareholders. Vancouver-based Loop can also connect and leverage marketing opportunities with Impact’s global brand partners like Uber, Nike, Airbnb and Levi’s.

KushCo Holdings Inc (OTCQX:KSHB), the provider of ancillary products and services to the legal cannabis and CBD industries, has outlined its schedule of virtual financial conferences it is attending in November and December this year. The company will feature at the Jefferies Virtual West Coast Consumer Conference on November 18 at 12.20pm ET. It will also be at the Cowen 2020 Boston Cannabis Conference on December 1 at 12.40pm ET. KushCo is also attending the ROTH Virtual Deer Valley Consumer Event on December 10, it said. In a statement, the group said that to schedule a one-on-one meeting, request a conference invitation or receive additional information, people should contact KushCo's investor relations at ir@kushco.com or 714-539-7653. To be added to KushCo's email distribution list, they are asked to email ir@kushco.com with 'KushCo' in the subject line.

NexTech AR Solutions Corp (OTCQB:NEXCF) (CSE:NTAR) (FRA:N29) CEO Evan Gappelberg will be presenting at a special Proactive Livestream on Thursday, focusing on the company’s augmented reality innovations, which have spurred high-octane growth. Gappelberg will touch on the company’s third-quarter bookings and revenue, which jumped by triple digits year-over-year. The live presentation will take place at 1:00 pm ET on November 19. The Zoom passcode is 519400.

Karora Resources Inc (TSE:KRR) (OTCMKTS:KRRGF) Wednesday reported initial drill results from its newly-acquired Spargos Project in Western Australia, which included 29.8 grams per tonne (g/t) gold over 19.0 metres.  The company noted that these drill results, part of a 12,000 metre drill program at Spargos, are all within about 100 metres of surface and could potentially be included in an expanded open pit scenario. It also expects a new Spargos Mineral Resource to be included in the company’s upcoming fourth quarter mineral resource and reserve update. 

 

 

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