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NA Proactive news snapshot: Gatling Exploration, Pacton Gold, Exro Technologies, GlobeX Data UPDATE …

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

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Gatling Exploration Inc (CVE:GTR) (OTCMKTS:GATGF) will be participating in the upcoming Vancouver Resource Investment Conference, held January 19 and 20th in western Canada’s largest city. The explorer will be exhibiting at Booth 400 on the floor of the Vancouver Convention Centre West, it told shareholders. Gatling is advancing the Larder gold project, located in the prolific Abitibi greenstone belt of northern Ontario.

Pacton Gold Inc (CVE:PAC) (OTCMKTS:PACXF) is taking part in the Vancouver Resource Investment Conference in British Columbia from January 19 to 20 this year, the company said in a brief statement. The firm is focused on exploring high grade conglomerate and orogenic gold properties in the district-scale Pilbara gold rush in Western Australia and Red Lake District, Ontario.

Exro Technologies Inc (CSE:XRO) (OTCMKTS:EXROF) is opening an innovation centre in western Canada to showcase its electric motor technology. The 6,500-square-foot Exro Innovation Centre in Calgary, Alberta will also increase Exro’s laboratory space and expand its service capabilities, the firm said Wednesday. CEO Sue Ozdemir said that the new centre is an “important step” as the company adapts its technology for further commercialization.

GlobeX Data Ltd (CSE:SWIS) (OTCMKTS:SWISF) has reported an upsurge in requests for its encrypted email and other services, mainly from financial institutions in South Asia, it said Wednesday. The Toronto-based firm is a cybersecurity specialist and provides Swiss-hosted solutions for secure cloud-based storage, disaster recovery, document management and encrypted e-mails. 

PyroGenesis Canada Inc (CVE:PYR) has successfully established a proof of concept for the production of spherical nano-powders from silicon metal, a key component of next-generation lithium-ion silicon metal batteries. The company is conducting a joint venture with HPQ Silicon Resources Inc (CSE:HPQ) to produce silicon powders, and the companies modified a HPQ PUREVAP Gen2 reactor to undergo the ultimately fruitful production tests. PyroGenesis is designing additional process improvements to the modified and the plan is to have it fully operational within the first quarter of 2020.

First Cobalt Corp (CVE:FCC) has been boosted with a 49% conversion into the higher confidence indicated resource from inferred at its project in Idaho, USA following an infill drill program. The indicated resource now stands at 2.2 million tonnes at 0.32% cobalt equivalent (0.26% cobalt and 0.61% copper) for 12.3 million pounds of contained cobalt, while the inferred came in at 2.7 million tonnes at 0.28% cobalt equivalent (0.22% cobalt and 0.68% copper) for an additional 12.7 million pounds of contained cobalt. The group owns the only permitted primary cobalt refinery in North America and it aims to restart the facility, which could produce more than 25,000 tonnes of cobalt sulfate per year from third party feed.

Phunware Inc (NASDAQ:PHUN) said it has made improvements to its Multiscreen-as-a-Service (MaaS) platform last year, and plans to build on that momentum to bring further improvements. The award-winning MaaS cloud platform for mobile enables brands to engage, manage and monetize their mobile application portfolios and audiences globally. “Phunware has made significant improvements and added new product capabilities within our MaaS platform in 2019,” said Matt Lindenberger, EVP of product and engineering, at Phunware. “We plan to carry that same momentum into 2020, with updates that continue to enhance our platform and bring powerful mobile application and mobile data capabilities to our customers.”

American Resources Corporation (NASDAQ:AREC), a supplier of raw materials to the steel industry, has struck an agreement to sell select non-core assets at its Perry County Resources subsidiary. The sale agreement consists of a trio of idled permits associated with one underground mine and a surface mine in Perry County, Kentucky near the town of Hazard. Total consideration for the assets being purchased by an undisclosed third-party is roughly $1 million of cash and equipment. And the sale of the three permits will pare back American Resources’ liabilities by shedding over $3 million worth of reclamation bonds.

Noble Capital Markets has upgraded its investment rating on Great Panther Mining Limited (NYSEAMERICAN:GPL) (TSE:GPR) to Outperform based on “an improving risk and reward profile.” In a note to investors, analyst Mark Reichman pointed out that Great Panther’s fourth-quarter production increased 275.7% to 44,697 gold equivalent ounces versus the prior-year period and decreased 5.7% compared to the third quarter of 2019. The increase in gold production reflects the acquisition of the Tucano Gold Mine in Brazil in March 2019. He also said 4Q gold production from the Tucano mine exceeded the recent guidance range of 31,000 to 33,000 ounces with the production of 34,181 ounces. “Management has moved swiftly to strengthen its management team with key appointments across several functional areas, including operations, finance and administration,” Reichman wrote. 

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) announced Wednesday that it has acquired cannabis genetics expert Carmanah Craft Corp. In a statement, the manufacturer of cannabis-infused beverages said it has completed the acquisition of all the issued and outstanding securities of Carmanah, as well as its business. Vancouver-based BevCanna issued 8,941,176 common shares to the shareholders of Carmanah at a deemed price of $0.425 per share. The acquisition gives BevCanna access to an extensive library of cannabis genetics, including 50 premium cannabis strains and over 25 types of cannabis seeds, including six auto flower seed varieties. And there is an excess of 50 strains by clone and 250,000 cannabis seeds ranging from high THC to high CBD.

EuroLife Brands Inc (CSE:EURO) (OTCMKTS:EURPF), a vertically integrated firm focused on the pan-European hemp and cannabinoid sector, revealed Thursday that the company’s top executives were in Europe to assess opportunities in the CBD hemp sector and meet with leading European hemp companies. In a statement, the Canadian company said Derek Ivany, chairman of the EuroLife advisory board and president of merchant bank JJ WOLF Investments, will join EuroLife Brands CEO Shawn Moniz in identifying and assessing opportunities within the premium CBD markets in Europe.

Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF) revealed that its brands Tsunami and GT Flowers have received accolades at the High Times Cannabis Cup Nevada 2019 - the premier competition in the US cannabis industry. The company revealed awards in four categories -  first-place position for Best Indica Concentrates and also pole position in Best Sativa Concentrates.

Gevo Inc (NASDAQ:GEVO) announced Wednesday that it has contracted with three dairies to provide manure that the company will convert into pipeline quality biogas (renewable natural gas). Combined, the three dairies expect to generate about 350,000 MMBTU biogas per year for sale to off-takers or use by the company’s affiliate, Agri-Energy, LLC, at its biofuel production facility in Luverne, Minnesota, according to a statement.

CROP Infrastructure Corp (CSE:CROP) (OTC:CRXPF) is embracing the mantra, “New year, new you,” by changing its name to Vert Infrastructure Ltd and announcing a share consolidation. The new Vert Infrastructure will begin trading under the ticker symbol VVV on January 16 following a 15:1 consolidation of its shares. The move will reduce the cannabis company’s outstanding shares to roughly 11.4 million.

Cannabis software firm BioTrack, a subsidiary of Helix Technologies Inc (OTCMKTS:HLIX) has made another advance, with news that it has completed its SOC2 Type II audit. The audit of its software system and controls, offers some proof that its controls are designed according to standards set by the American Institute of Certified Public Accountants (AICPA). 

Constantine Metal Resources Ltd (CVE:CEM) (OTCMKTS:CNSNF) said shareholders subject to the August 1 spin-out transaction involving HighGold Mining should for Canadian tax purposes be able to access 'rollover' provisions as long as they haven’t reported any gain or loss. For tax purposes, shareholders would be required to allocate the historical cost of the shares between the new shares of Constantine and HighGold. Management believes it would be reasonable for a shareholder to apportion the adjusted cost base of the Constantine shares held immediately prior to the share distribution record date on the following basis: 77.9% should be allocated to the post-arrangement Constantine shares, and 22.1% should be allocated to HighGold shares.

Mota Ventures Corp. (CSE:MOTA) (OTCMKTS:PEMTF), the cannabidiol producer, will be hosting an investor call on January 20th at 4:15 pm (ET). During the call, CEO Joel Shacker will share details of the company’s plans in 2020. “Mota has made significant steps to further our business objectives and we welcome the opportunity to provide additional details about our progress to our investors,” Shacker said in a statement. Vancouver-based MOTA aims to become a large-scale vertically integrated low-cost producer and exporter of CBD products globally. It plans to cultivate and extract CBD to create high-quality products from its Latin American operations. The firm has a 2.5 hectare site in Colombia that enjoys optimal year-round growing conditions.

Mawson Resources Limited (TSE:MAW) (OTCMKTS:MWSNF) announced Wednesday that it granted nearly 6.8 million stock options and 300,000 restricted share units to certain directors, officers, employees and consultants of the mining company. The Scandinavian-focused mining group said the options are exercisable at C$0.23 per share for a three-year period and the restricted share units vest immediately, entitling the holder to receive one share for each unit granted.

Medgold Resources Corp. (CVE:MED) has invited investors to visit it at Booth #831 at the Vancouver Resource Investment Conference to be held at the Vancouver Convention Centre West, 1055 Canada Place, Vancouver, on Sunday, January 19 and Monday, January 20, 2020. Medgold is a gold exploration company focused on the advancement of the Tlamino Project in Serbia.

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