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NA Proactive news snapshot: American Resources, American Battery Metals, EXMceuticals, Kincora Copper UPDATE ...

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

Kincora Copper Ltd - NA Proactive news snapshot:
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Maxim Group analysts remain bullish on American Resources Corporation (NASDAQ:AREC)’s long-term revenue growth forecasts and are keeping a Buy rating and a $1.50 price target on the coal producer after digesting its third-quarter results. “[G]uidance for coal production in 2020 continues to support our longer-term revenue growth forecasts, in our view,” wrote Tate Sullivan, in a recent note to investors in which he reaffirmed his 2021 revenue and EBITDA forecasts. Thanks to the opening of new mines and the re-opening mines as well as incremental production from American Resource’s most recent acquisition, “we still anticipate meaningful revenue growth in 2020, up 129%, and maintain our 2021 revenue and EBITDA forecasts,” Sullivan added. Maxim’s 2021 revenue forecast for American Resources is $88.6 million while its EBITDA figure is expected to come in at $19.1 million.

American Battery Metals Corporation (OTCQB:ABML), the Nevada-based battery metals exploration and recycling company, is gaining further traction by launching its own chemistry and research laboratory.  The new lab, which is already staffed with battery metal specialists, gives the company a critical advantage over rivals as it allows for the in-house analysis of mining and drill work. “Having our own, independent lab is a significant differentiator from other companies, and it is of momentous importance for American Battery Metals Corp.,” said CEO Doug Cole in a statement.

EXMceuticals Inc (CSE:EXM) announced Thursday changes to its management structure following the recent granting of the Portugal research and development license. Michel Passebon will voluntarily step away from being the CEO and will instead be the chairman of EXMceuticals Farming BV as well as overall head of production for the EXMceuticals group. The board has asked Jonathan Summers to perform the role of CEO initially on an interim basis until the company’s annual general meeting. These changes are effective immediately. “Michel has led the company through a crucial period in 2019 both before and following the RTO listing and major progress has been made, “ Summers said in a statement. “Not only is EXM now entitled to conduct cannabis R&D activities in Portugal, but we have also conducted our first cannabis harvest in Uganda, as well as pushed forward a number of other cultivation license applications in Africa. With his extensive experience and knowledge as a senior agro-industrial engineer in various countries, Michel is the perfect candidate to help us expand in the promising African and European markets.” The Portuguese license enables the company to import raw material fom Africa into Portugal and refine it inside the existing R&D facility and pilot refinery. 

Thunderbird Entertainment Group Inc (CVE:TBRD) revealed on Thursday that CEO Jennifer Twiner McCarron has been named by the Women's Executive Network (WXN) as one of Canada's “100 Most Powerful Women.” Presented in partnership with KPMG, the list of Top 100 winners was released this week, paying tribute to the outstanding women across Canada who advocate for diversity in the workforce and inspire the next generation of leaders.  Twiner McCarron was acknowledged for her many contributions in the arts, sports and entertainment category. She is well regarded in the industry for her creativity, accessibility and a strong desire to produce quality content.

Analysts at investor publication Power Growth Investor assigned a Buy recommendation for the first time to Valens GroWorks Corp (CVE:VGW) (OTCMKTS:VGWCF), saying the British Columbia-based vertically integrated provider of extraction products and services company was a “good bet". “The industry is still something of a Wild West, so investors must be choosy when looking into prospective winners,” said Power Growth Investor, which was formerly known as Stock Pickers Digest. “Valens is a good bet because it processes marijuana from third party producers and turns it into resins, oils and other highly saleable extracts. This means that Valens can profit regardless of which cannabis growers rise to the top of the market,” it added.

Kincora Copper Ltd (CVE:KCC) revealed it has been granted a new exploration licence covering 762 sq km, which is known as the Nyngan project in the Lachlan Fold Belt (LFB), in New South Wales (NSW), Australia. Notably, the Nyngan project covers a significant portion of the northern sector of the Junee-Narromine volcanic belt, and Alkane Resources Ltd's (ASX:ALK) recent discoveries have led to a re-rating for several junior firms operating in the area, said Kincora.  The Lachlan Fold Belt hosts both Newcrest's Cadia-Ridgeway camp and China Molybdenum Group's Northparkes mine.

Exro Technologies Inc (CSE:XRO) (OTCMKTS:EXROF) took another step in commercializing its electrical engine performance system thanks to a new partnership with a Canadian boat manufacturer. The Vancouver-based company is teaming up with The Templar Marine Group Ltd, which produces commuter electric boats such as water taxis and rental fleets. Exro’s patented technology uses artificial intelligence to sense and adapt to variable inputs and matches it to desired outputs to improve the performance of things like electric engines and power systems.

CytoDyn Inc (OTCMKTS:CYDY) said that it had strong positive preclinical data highlighting the potential of its lead drug leronlimab as a treatment for non-alcoholic fatty liver disease (NAFLD), which is the accumulation of liver fat in people who drink little or no alcohol. In a statement, the Vancouver, Washington-based late-stage biotechnology company said NAFLD is a common precursor to non-alcoholic steatohepatitis (NASH). In the study, humanized immunodeficient mice were fed a high fat diet, and treated with leronlimab which inhibited fatty liver development. 

Endeavour Mining Corporation (TSE:EDV) (OTCMKTS:EDVMF) has positioned itself strongly for future growth as it announced it has completed the 25% increase to capacity at its carbon-in-leach (CIL) processing plant at the Ity mine in Ivory Coast.  The capacity has been lifted to be able to handle 5 million tonnes per annum (Mtpa) of ore from 4 Mtpa previously. Moreover, the firm has also acquired the highly prospective Mahapleu tenement such that the firm now controls the full 125 km trend along the Ity Birimian belt, it said in a statement. "With the plant upsize now complete, we are well positioned for 2020 and beyond. We believe the increased plant capacity will help accelerate the value created through exploration," said Sébastien de Montessus, President and CEO at Endeavour.

NexTech AR Solutions Corp (CSE:NTAR) (OTCMKTS:NEXCF) has signed an augmented reality e-commerce deal with Technivorm Moccamaster, a Dutch producer of coffee brewer and grinders. Technivorm Moccamaster, NexTech’s first international client, has signed on for the company’s WebAR solution, which turns 2D images into 3D augmented reality assets that customers can interact with, in a standard web browser. NexTech said its clients can experience up to a 400% increase in customer engagement with their products and up to a 2,000% increase in add to cart rates — like adding a shot of espresso to their sales.

Duos Technologies Group Inc (OTCQX:DUOT), a provider of intelligent security analytical technology solutions, announced Thursday that it will be presenting at the 12th annual LD Micro Main Event  in Los Angeles, at the Luxe Sunset Bel Air Hotel, on Wednesday, December 11. Chairman and CEO Gianni Arcaini, CFO Adrian Goldfarb and CTO David Ponevac will be presenting and meeting with investors. "This year's Main Event is our largest event to date, with 275 companies set to present and meet with investors" stated Chris Lahiji, President of LD Micro.

Lexaria Bioscience Corp (CSE:LXX) (OTCMKTS:LXRP) announced a further improvement to its innovative DehydraTECH drug platform, reporting it can now deliver the action of THC (tetrahydrocannabinol) to people in less than ten minutes. It was tested in pilot human tests using edibles, and this enhanced version is around twice as fast as traditional DehydraTECH and four to six times faster than generic industry formulations, the company said. Further testing and evaluation will now be carried out before these improvements will be released to Lexaria technology licensees, expected near the second quarter of 2020.

Japan Gold Corp (CVE:JG) (OTCMKTS:JGLDF) announced that it now has prospecting rights over a historic gold district in northern Hokkaido.The exploration company said that the Japanese Ministry of Economy, Trade and Industry granted the rights to the Aibetsu Goldfield in the Kitami region of the country. Vancouver-based Japan Gold now controls nine prospecting rights comprising just over 2,900 hectares. 

CleanSpark Inc (OTCMKTS:CLSK) energy client International Land Alliance Inc (OTCMKTS:ILAL) announced that it completed preparations for microgrid solutions at its residential project at the Bajamar Ocean Front Golf Resort, located 45 minutes south of the San Diego-Tijuana border. The development allows ILAL to leverage its 10-year exclusive agreement with CleanSpark, which the companies announced on November 5. “Breaking ground at Costa Bajamar is the first step in what we believe will be a prosperous relationship,” CleanSpark CEO Zachary Bradford said in a statement. “With construction beginning, CleanSpark will be providing a microgrid solution that will incorporate solar and energy storage assets into the existing power grid.”

Biocept Inc (NASDAQ:BIOC) announced the launch of its Target Selector pan-TRK assay, a liquid biopsy test designed to identify certain proteins associated with aggressive cancers. The pan-TRK assay provides a blood sample that can help physicians screen for NTRK fusions, biomarkers that can be used to qualify patients for TRK inhibitor therapies. Fusions of NTRK genes encode for TRK protein receptors, and the presence of TRK proteins has been associated with more aggressive cancer in certain tumor types, such as lung cancer.

Calibre Mining Corp (OTCQX:CXBMF) (CVE:CXB), the Canadian gold miner, has graduated from the Pink market to the OTCQX market where it trades under the ticker CXBMF. Calibre, which continues to trade on the Toronto Stock Exchange under the ticker CXB as well, is likely  to draw further support from institutional investors in the US by upgrading to the OTCQX. “Trading on the Toronto Stock Exchange in Canada and on the OTCQX market in the US will enable Calibre Mining Corp to more efficiently build visibility with investors globally,” said Jason Paltrowitz, an executive vice-president with the OTC Markets Group. In mid-morning OTC trade, Calibre shares dipped by 3.9% to hover at US$0.599. Headquartered in Vancouver, Calibre operates a pair of gold mines in Nicaragua. 

Mineworx Technologies Ltd (CVE:MWX) (OTCMKTS) announced that the company and its joint-venture partner EnviroLeach Technologies Inc (CSE:ETI) (OTCMKTS:EVLLF) have completed the commissioning of its Greater Vancouver E-Waste recycling plant. Preliminary commercial production has started at the EnviroCircuit E-Waste processing facility located in Surrey, British Columbia, according to a statement. Starting with a single shift per day, the Mineworx will incrementally increase process throughput to five tonnes per day of printed circuit boards by January 1, 2020. Additional shifts will be added to achieve the targeted plant capacity of 20 tonnes per day (6,000 tonnes per year) by the end of June 2020. 

BioPorto A/S (CPH:BIOPOR) reported that third-quarter revenue increased 24% year-over-year. In a statement, the Danish biotech company said revenue came in at DKK 6.6 million (US$980,000), compared to DKK 5.4 million (US$800,000) in the prior-year quarter. BioPorto noted that revenue stemming from its flagship NGAL test for the risk assessment of acute kidney injury (AKI) in patients rose 29% in the quarter year-over-year. The company attributed this increase to the growing interest in the potential uses for NGAL in Research Use Only (RUO) assay. Secondly, the company also said sales of its antibodies were positively affected by higher bulk orders. BioPorto’s release of its 3Q financial results comes as the company seeks US regulatory clearance of the NGAL test for use in children.

Minera Alamos Inc's (CVE:MAI) (OTCMKTS:MAIFF) Santana project is expected to enter construction within the coming months and should reach commercial production by year-end 2020, reckons Roth, which has started coverage on the shares with a Buy recommendation.  The firm is a Mexico-focused gold mine developer and also has a second project in the pipeline, in the shape of La Fortuna, where it plans to break ground once Santana reaches commercial production. 





Quick facts: Kincora Copper Ltd

Price: 0.31 CAD

Market: TSX-V
Market Cap: $21.92 m

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