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NA Proactive news snapshot: Nextleaf Solutions Ltd, GoviEx Uranium Inc, Great Panther Mining Ltd, Lexaria Bioscience Corp UPDATE ...

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

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Nextleaf Solutions Ltd (CSE:OILS) (OTCMKTS:OILFF) closed out 2019 by obtaining its eleventh patent for its filtration stack used in post-extraction processing of THC and CBD oils. The company has now been issued these patents by four international patent offices in the key markets of Canada, the United States, Australia, and Colombia. Running through the milestones last year, the group also  highlighted it had become the first public company granted multiple patents for industrial-scale extraction and purification of cannabinoids.

GoviEx Uranium Inc (CVE:GXU) expects to provide an update on economics at its flagship Madaouela project in Niger in the first half of 2020 as it told investors it was optimistic on uranium market fundamentals. In an update and letter to stakeholders, executive chairman Govind Friedland and CEO Daniel Major noted: "GoviEx has one of the largest undeveloped uranium mineral resources in the industry." Subject to increasing uranium prices, sufficient to obtain project financing, the firm will move to develop its two mine-permitted projects, with the initial focus on the Madaouela site.

Shares in precious metals producer Great Panther Mining Ltd (NYSEAMERICAN:GPL) (TSE:GPR) ticked higher Monday as it revealed it had secured an off-take deal with IXM Group, one of the world's largest metal traders. The firm's subsidiary, which operates its Mexico mines, has entered into a US$10 million concentrate prepayment agreement with the IXM Group. The offtake is for 100% of the gold-silver concentrates produced from the group's Guanajuato Mine Complex (GMC) in 2020 and 2021 and in consideration, IXM will advance a US$10 million pre-payment on December 30, 2019. The pre-payment will be repaid next year on December 31 and will bear interest at an annual rate of 3-month US dollar LIBOR plus 5%.

Lexaria Bioscience Corp (CSE:LXX) (OTCMKTS:LXRP), the drug delivery focused group, said it had issued stock options to an employee to buy up to 60,000 company shares at an exercise price of US$0.43 for five years, vested over a three-year term. Lexaria also said it had cancelled 550,000 options with an exercise price of US$0.10 per share, which were held by an insider of the company.

BioPorto A/S (NASDAQ:BIOPOR) (CPH:BIOPOR) said its board of directors has decided to exercise part of the current authorization by issuing 250,000 warrants to one of the company’s key employees. The warrants are issued in accordance with the company's guidelines for incentive-based remuneration. The warrants will be exercisable December 30, 2021 to December 29, 2024. The theoretical market value of the allocations of warrants amounts to 196,869 Danish krones.

1933 Industries Inc (CSE:TGIF) (OTCMKTS:TGIFF) CEO Chris Rebentisch said the company anticipates a recovery in vape sales as it reported fiscal first quarter financial results for 2020. In a statement accompanying the company’s latest numbers, Rebentisch said: “Company revenues for first quarter 2020 were impacted by lower than expected sales from vape products, largely due to the rampant use of vitamin E acetate in black market products. Despite weakness, we anticipate a recovery in vape sales across both our AMA and Infused MFG subsidiaries as well as the demand in the supply chain for distillate normalizing in Nevada in early 2020.” For the fiscal first quarter 2020 which ended on October 31, the firm posted revenue of $3.9 million, down 26% from the previous quarter, due to the decline in vape and distillate sales in Nevada.

ChemioCare USA Inc announced that it has changed the name of the company to Starton Therapeutics Inc to reflect its evolution from a cancer supportive care company to a company with the potential to address "a wide range of therapeutic areas," including hematology and cancer therapeutics beyond chemotherapy. In a statement, the privately-held company said last week that it expects to launch its new corporate website in early January 2020. The company develops transdermal delivery treatments, or the administering of medicine via patches placed on the skin. It currently has three patches in development for cancer and palliative care and expects to enter Phase 3 pivotal studies later this year.

Berkwood Resources Ltd (CVE:BKR) said that it closed its private placement with one million flow-through units being subscribed for three cents per flow-through unit for gross proceeds of up to $30,000. Each flow-through unit consists of one flow-through share and one share purchase warrant. Each warrant allows the holder to acquire one common share at a price of five cents per share for a period of 24 months. The Canadian exploration company said the proceeds will be used on the ground for exploration activities at its flagship Lac Guéret Extensions graphite project in Manicouagan County, Quebec.

Mexico-focused Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) told investors it expects to resume mining and processing at its Campo Morado mine in the middle of next month (January 2020) as it announced plans for a C$3 million financing. The mine is a polymetallic base metal project in the state of Guerrero, capable of producing up to 2,500 tonnes per day.

Fura Gems Inc (CVE:FURA) (OTCMKTS:FUGMF), the gemstone mining and marketing company, has once again extended the deadline for the purchase of a trio of ruby assets in Mozambique. The Toronto-based company has again given written notice to New Energy Minerals Ltd (previously known as Mustang Resources), which owns the licenses, that will push back the so-called ‘drop dead' date of the merger of ruby assets agreement from December 31 this year to January 31, 2020. The transaction remains subject to the approval of the TSX Venture Exchange.

International Cobalt Corp (CNSX:CO), the energy metals firm, said that Konstantin Lichtenwald had resigned as chief financial officer (CFO), effective immediately. Eugene Beukman will act as interim CFO until the vacancy is filled, the firm said. "The company wishes to thank Mr. Lichtenwald for his contributions to the company and wishes him well in his future endeavours," it added.

OTC Markets Group Inc (OTCMKTS:OTCM), operator of financial markets for 10,000 US and global securities, today announced that LSC Communications Inc (OTCQX: LKSD), a print and digital media solutions company, has qualified to trade on the OTCQX Best Market. The company, which previously traded on the New York Stock Exchange, begins trading today on OTCQX under the symbol LKSD.  Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group, said: "OTCQX provides companies with a cost-effective market to provide investors with transparent trading. We look forward to supporting LSC Communications Inc and  its shareholders."

Capstone Turbine Corporation (NASDAQ:CPST), a manufacturer of low-emission, clean-energy systems, revealed that its C200S ICHP microturbine is heading to the Antarctic, after Arctic Energy, Capstone's exclusive distributor in Alaska, secured a new order.  The follow-on order comes along with a 20-year factory protection plan (FPP) from the National Science Foundation (NSF) as part of a multi-phase modernization plan at the McMurdo research station in Antarctica. The remote station serves scientists supported by the US Antarctic Program (USAP) and agencies such as National Oceanic and Atmospheric Administration (NOAA) and the National Aeronautics and Space Administration (NASA).

Enertopia Corporation (CSE:TOP) (OTCMKTS:ENRT), the lithium focused resource group, said its shares will be delisted from the CSE with effect from tomorrow (December 31) as it mulls various options and alternatives to expand the business. The delisting is subject to final approval by the CSE, the firm said, adding it will continue to be a reporting issuer in certain jurisdictions in Canada and USA and shares will continue to trade on the OTC under the ENRT symbol. "The company is continuing to explore strategic alternatives which may include without limitation the sale of the company or merger or other business combinations such as joint ventures or other strategic alliances," it added in Monday's statement.

Phunware Inc (NASDAQ:PHUN) revealed that Wall Street veteran and experienced executive Blythe Masters has been appointed as a director. "I am looking forward to helping Phunware become a household name on both Wall Street and Main Street,” she said in  a statement. "The company sits at the intersection of mobile, cloud, big data and blockchain and I look forward to contributing to its efforts in becoming the global enterprise platform standard for Fortune 1000 digital transformation initiatives.”

Quick facts: Telson Mining Corporation

Price: 0.06 CAD

TSX-V:TSN
Market: TSX-V
Market Cap: $9.54 m
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Full interview: Telson Mining prepares to restart Campo Morado in Mexico

Telson Mining (CVE:TSN) President Ralph Shearing joined Steve Darling from Proactive Vancouver to discuss a major update from their operations in Mexico. Shearing telling Proactive they’re planning to restart the Campo Morado mine. Shearing told Proactive what the timeline to restart will...

on 14/1/20

7 min read