NA Proactive news snapshot: Capstone Turbine, Helix TCS, Hannan Metals, Phunware UPDATE ...

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

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Your daily round-up from the world of Proactive


Capstone Turbine Corporation (NASDAQ:CPST) reported fiscal 2020 second-quarter results after the bell Thursday, noting that revenue was slightly higher than the previous quarter. The maker of clean-energy microturbines said total revenue for the quarter was $20.7 million, an increase of $1.5 million, or 8% sequentially, from $19.2 million in the previous quarter. Capstone also reported that adjusted EBITDA (earnings before interest, tax, depreciation and amortization) improved 35% sequentially from the first quarter. 

Helix TCS Inc (OTCMKTS:HLIX) announced Thursday it came in at Number 32 on Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Over the last three years, by maintaining a strong focus on operational excellence and a prudent M&A strategy, Helix said it has achieved 3,805% revenue growth “We are honored to receive the distinction of being included on Deloitte’s Technology Fast 500,” said CEO Zachary Venegas in a statement.

Hannan Metals Limited (CVE:HAN) (OTCMKTS:HANNF) announced the results of its annual general meeting of shareholders, held Thursday, November 7 in Vancouver. Shareholders representing 32.55% of voting shares voted to set the size of the board of directors at five members and elected Michael Hudson, Ciara Talbot, Georgina Carnegie, Nick DeMare and David Henstridge. Shareholders also appointed Davidson & Company, Chartered Professional Accountants, as the company's auditor for the ensuing year and approved a new 10% rolling stock option plan. CEO Michael Hudson and other executives were also reappointed, and directors DeMare, Henstridge and Talbot were named to the Audit Committee.

Phunware Inc (NASDAQ) will release third-quarter 2019 results after the stock market closes on November 14. The company will provide a pre-recorded transcript that will be available on the Phunware’s Investor Relations website at investors.phunware.com.The company’s award-winning Multiscreen-as-a-Service cloud platform for mobile enables brands to engage, manage and monetize their mobile application portfolios and audiences globally at scale.

Perma-Fix Environmental Services Inc (NASDAQ:PESI), a nuclear and waste management services company, saw its revenue nearly double in the third quarter, thanks partly to the winning of a slew of new contracts with the US Department of Energy. In the three months until the close of September, the Atlanta, Georgia-based group posted an 88% jump in revenue to $22.5 million, up from the $12 million reported in the year-ago quarter. Its net income, meanwhile, came to $1.8 million, or $0.15 per share, up from $221,000, or $0.02 per share, in the year-ago period. CEO Mark Duff reports that the new opportunities have spawned subcontractor work that will position the company for growth into 2020. “We continue to enhance our balance sheet and anticipate further year-over-year growth and strong cash flow in the fourth quarter of 2019 and heading into 2020,” Duff said in a statement.

Chanticleer Holdings Inc (NASDAQ:BURG), the owner of several restaurant brands bought by a biotechnology company in October and then spun off again, announced its intention to apply for trading on the OTC Markets OTCQB Exchange. On October 10, Chanticleer merged with Sonnet BioTherapeutics Inc in a deal that saw shareholders of Sonnet become majority owners of Chanticleer stock, while the Better Burger restaurant group owner was spun off into an entity owned by Chanticleer shareholders. Chanticleer previously traded on the Nasdaq under the ticker symbol BURG, but going forward, Sonnet has applied to change the symbol to SONN.

CROP Infrastructure Corp (CSE:CROP) (OTCMKTS:CRXPF) is set to be bought by MYM Nutraceuticals Inc (CNSX:MYM) via a plan of arrangement. Crop has inked a non-binding letter of intent, which states the pair will negotiate a definitive agreement on the deal on or before November 15 this year. Crop would become a wholly-owned subsidiary."As a result of a significant crop loss in September, the company is not in a position to service its outstanding liabilities and the debt financings associated to maintaining the company's assets," said Michael Yorke, the CEO at CROP. He added that MYM's talented and well capitalized team has proven extremely knowledgeable and reliable in helping CROP to realign its strategy. "We believe that this transaction is in the best interest of our shareholders," added Yorke.

HPQ Silicon Resources Inc (CVE:HPQ) (OTCMKTS), a partner of PyroGenesis Canada Inc (CVE:PYR), announced that HPQ and its partner Apollon Solar SAS started discussions with an unnamed lithium-ion battery manufacturer to exchange technical information and send testing materials. HPQ and Apollon Solar SAS signed a non-disclosure agreement with the battery manufacturer, the name of which will remain confidential for industry competitive reasons, the company told investors. PyroGenesis and HPQ are developing the PUREVAP Quartz Reduction Reactors that transforms and purifies quartz into metallurgical-grade silicon to use as renewable energy.

Biome Grow Inc (CSE:BIO) (OTCMKTS:BIOIF) announced it will be selling its cannabis products on Prince Edward Island. In a statement, the company said that PEI Cannabis has approved the sale of cannabis products supplied by Biome’s wholly-owned Nova Scotia-based subsidiary Highland Grow Inc. “We are an Eastern Canadian-based company so this is a great day for us,” said Biome CEO Khurram Malik. “Highland Grow’s high-quality products will now be available in all four PEI Cannabis locations, as well as on its e-commerce platform making them available in all four provinces in Atlantic Canada as well as Saskatchewan and Manitoba.”

American Battery Metals Corporation (OTCQB:ABML) responded to comments from the managing director of the lithium price reporting agency Benchmark Minerals Intelligence, who spent time briefing the White House and Pentagon last week on the state of global lithium production. Simon Moores, the managing director of the London-based agency, confirmed the US government is in discussion about American minerals independence and the lithium-ion battery metals supply chain. On his LinkedIn page, Moores noted that China is ramping up production to reach 1,400 gigawatt hours per year (GWh/yr) by 2028, drawing production from 74 battery megafactories. "This is precisely why American Battery Metals Corporation is aggressively developing our 3 verticals that address each of those legs of the supply chain ecosystem," Cole said in a statement. "We're intensifying our lithium exploration on our claims in Nevada with a near term eye on production. Secondly, we're continuing to refine and optimize each of the technologies within our lithium extraction train. While through our third vertical, we are executing our battery recycling technology that will process everything from scrap to end of life batteries from consumer electronics, electric vehicles, and energy storage applications."

NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) is adding top cryptocurrency Ripple (XRP) to its merchant gateway as part of its Instant Settlement program. The compamy said the new cryptocurrency will allow all of NetCents’ participating merchants to process payments. Ripple is a real-time gross settlement system, currency exchange and remittance network created by San Francisco-based Ripple Labs Inc.

Mojave Jane Brands Inc (CSE:JANE) (OTCMKTS:HHPHF) has appointed Cam Birge as interim CFO. In a statement, the company said Birge will succeed Fiona Fitzmaurice, who has resigned to pursue other opportunities. Birge has been an independent board member since October 2018.  Fitzmaurice will remain a consultant to Mojave Jane to assist with the transition period until December 31, as a review process has been launched to identify a permanent finance chief.

Biocept Inc (NASDAQ:BIOC) announced that its CEE-Sure Blood Collection Tube and CEE-Sure Sample Collection Shipping Kits are now available in Europe. In a statement, the company said its CEE-Sure products, designed to collect and transport blood and other liquid biopsy specimens, meet the requirements of the European In-Vitro Diagnostic Devices Directive, or CE Mark. With the marking, Biocept can now commercialize its tubes and collection/shipping kits throughout the European Union and other CE Mark geographies. "We are excited to announce this milestone, that our proprietary specimen collection tubes and shipping kits are now commercially available in Europe, consistent with our quest to brand Biocept globally as a leading technology provider in the liquid biopsy segment," said CEO Michael Nall.

Duos Technologies Group Inc (OTCMKTS:DUOT) subsidiary Duos Technologies Inc won a $1.8 million contract for one of its signature turn-key Rail Inspection Portals (RIP) from a Class 1 freight railroad client. Installation of the portal is expected to be completed by the end of 2019. The agreement includes a contract for technical support as well as the development of artificial intelligence (AI) algorithms to automate parts of the train inspection process.

LiteLink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKF) announced Thursday that its subsidiary uBUCK Technologies SEZC will sell prepaid debit cards to Deltec Bank & Trust Limited customers. Under a Strategic Alliance Agreement, LiteLink said its subsidiary will sell uBUCK prepaid debit cards from the uBUCK platform to Deltec’s bank and investment account customers. Deltec will also integrate and market the uBUCK prepaid debit card into the Deltec digital wallet and exchange relationships as well as private banking contacts, according to a statement.

Gatling Exploration Inc (CVE:GTR) (OTCMKTS:GATGF) posted more encouraging drill results from its Larder gold project in Ontario, which show mineralization between two deposits there are connected. The property hosts three high-grade gold deposits called Fernland, Cheminis and Bear, and Gatling said it continues to hit a large structural dilation zone between Bear and Cheminis with 1.2 grams per ton gold (g/t) over 21.8 meters (m) reported from a hole today.

Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) revealed preliminary unaudited third-quarter results that showed a 138% jump in revenue on the back of triple-digit patient growth. "The company is starting to feel the positive impact that the Sun Valley clinics acquisition has provided with their strong operational performance in Arizona, in conjunction with continued cost-cutting measures with operations in Oregon and Washington State," CEO Steven McAuley said in a statement. Empower, which acquired the physician-staffed Sun Valley wellness clinics in May, said it continued to see the patient count in corporate clinics increase by triple digits. In October, the patient count expanded by 336% to 1,847, compared to 550 patients seen in October a year earlier.

Information Services Corp (TSE:ISV) revealed third-quarter results on Thursday that showed a 6.6% jump in revenue, with the company’s services business the primary driver of growth. For the nine months ended September 30, the Canadian company posted a 6.6% jump in revenue to $32.2 million, compared to $30.2 million in the same period a year earlier. The Services segment contributed $12.9 million in revenue, up $2.5 million compared to the same quarter in 2018. On the other hand, the Registry Operations segment contributed $17.6 million in revenue, down $0.3 million compared to the same period a year earlier. CEO Jeff Stusek said the company’s services business continued to be the primary engine of growth.

mCloud Technologies Corp (CVE:MCLD) (OTCMKTS:MCLDF) has set up a new regional office in Bahrain to bring its AssetCare energy efficiency solutions platform to customers in the Middle East. The company plans to offer its artificial intelligence- and Internet of Things-powered energy infrastructure solutions to oil, gas, petrochemical, air conditioning and other industries in the region.

China-focused Silvercorp Metals Inc (NSYEAMERICAN:SVM) (TSX:SVM) has unveiled encouraging results from exploration and drilling at its flagship SGX mine, which lies in the Ying mining province of Henan province. The firm's Ying project, also known as the SGX mine, was acquired in 2004 and started commercial production on April 1, 2006. It consists of six separate mines which feed a central mill. Concentrates are shipped to smelters in China. The mine life is until 2036.

Mawson Resources Limited (TSE:MAW) (OTCMKTS:MWSNF) is kick-starting a new 15,000-metre drill program at its Rajapalot gold-cobalt project in Finland. The new program is aiming to expand the resource by extending the Palokas, South Palokas and Raja targets with an updated estimate planned in 2020. A December 2018 maiden resource put Rajapalot’s figures at 424,000 ounces at 3.1 grams per ton (g/t) gold equivalent in the inferred category, including 4.3 million tons at 2.3 g/t gold and 430 parts per million cobalt.

MegumaGold Corp (CSE:NSAU) is poised for drilling at its Killag exploration asset in Nova Scotia in a bid to glean the potential for both bulk-minable and high-grade vein style gold deposits there. It comes after a reverse circulation (RC) drilling program by MegumaGold at Killag earlier this year confirmed highly anomalous gold values.  The company holds a package of 107,114 hectares within the well-known Meguma gold district and Killag lies in Halifax county, around 20 km east of Atlantic Gold’s Touquoy mine. The firm has now kicked off planning and site permitting work for drilling at Killag.

Pacton Gold Inc (CVE:PAC) said the TSX Venture Exchange has accepted for filing an option agreement dated Oct. 22, 2019, between the company and Frontline Gold Corp., whereby the company may acquire a 100% interest in the Gullrock Lake property (150 claims), located in the Red Lake mining division of Ontario for a consideration of $125,000 cash and 750,000 common shares over four years. The vendor will retain a net smelter return royalty of between 0.25% and 2.25%, with the right to repurchase up to one-half for $1 million.

VolitionRx Limited (NYSEAMERICAN:VNRX) announced it will host a conference call on Wednesday, November 13 at 8:30am ET to discuss its financial and operating results for the third quarter of 2019 in addition to providing a business update. The group said its president and chief executive officer, Cameron Reynolds will host the call along with David Vanston, its chief financial officer and Scott Powell, executive vice president, Investor Relations. It pointed out the call will provide an update on recent developments and Volition's activities, including details of new and ongoing clinical trials, important events that have taken place in the third quarter of 2019, and milestones for the remainder of 2019 and beyond.

New Pacific Metals Corp (CVE:NUAG) said the company's short form prospectus dated October 21, 2019 for its 4,312,500-share offering, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia, Ontario, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador securities commissions, pursuant to the provisions of the British Columbia, Ontario, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador securities acts. The TSX Venture Exchange has been advised that the closing occurred on October 25, 2019, for gross proceeds of $17.25 million.

DXI Energy Inc. (TSX:DXI) (OTCMKTS:DXIEF) announced that it has obtained approval, by way of written consent, from shareholders which currently holds 114,765,669 shares, or 53% of the issued and outstanding shares, on a non-diluted basis, to issue greater than 25% of the current issued and outstanding number of shares of 216,518,351 under its previously announced unit offering. The company said it will issue, on a private placement basis, up to 40,000,000 units at a price of C$0.03 each, which will consist of one common share and one common share purchase warrant exercisable into one common share at an exercise price of C$0.04 at any time up to one year from the date of issuance.

Trutrace Technologies Inc. (CVE:TTT) said that, further to its news release dated October 24, 2019, it has closed the second tranche of a non-brokered private placement financing of secured convertible debentures raising in aggregate the principal amount of $75,000. The company added that it expects to close a third tranche of the financing in a timely manner.

IEC Electronics Corp. (NYSE:AMERICAN: has announced that it will host a conference call on Friday, November 22, 2019 at 10:00am Eastern Time to discuss its financial results for the fiscal fourth quarter ended September 30, 2019. The conference call may be accessed in the US and Canada by dialing toll-free (877) 407-9210. International callers may access the call by dialing (201) 689-8049.

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