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NA Proactive news snapshot: BioLargo, Arizona Silver, NexTech AR Solutions, Silvercorp Metals UPDATE …

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

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BioLargo Inc (OTCMKTS:BLGO) said that its subsidiary BioLargo Engineering, Science & Technologies Inc (BLEST), confirmed the potential of a new water treatment technology to solve the global drinking water contamination problem with man-made “forever chemicals." The chemicals, resistant to breaking down in the environment, are known as per and fluoroalkyl substances, or PFAS. BioLargo's engineering subsidiary, BLEST has developed a working prototype of a device called the Aqueous Electrostatic Concentrator (AEC) that was proven effective at eliminating a toxic soup of PFAS from water. The company’s AEC technology solution to the PFAS crisis is going to be field tested and then launched commercially.

Arizona Silver Exploration Inc (CVE:AZS) (OTCMKTS:AZASF) has purchased nearly a dozen mining claims surrounding its Philadelphia project in Arizona. The 11 claims cover a significant portion of the old workings and potential strike extension of the former operating Arabian-Philadelphia mine on the property. The county is the home of the Oatman mining district, which produced over 2 million ounces of gold from high-grade veins via underground mining in the early 1900s.

NexTech AR Solutions Corp (CSE:NTAR) (OTCMKTS:NEXCF) shares jumped Wednesday after a bullish analyst note from Starwood Research called the augmented reality company a “veritable unicorn farm” of potential billion-dollar businesses. The firm upped its 12-month price target to US$20 just months after initiating coverage in November with a US$5 target but said NexTech has done enough since then to justify a major bump. “Since our initial report, less than 3 months ago, [NexTech] has delivered strong results with rapidly increasing revenues,” Starwood wrote. “However, our key impetus for increasing the upside target to $20, is NEXCF’s launch of three new AR initiatives – which we believe can be transformative for NEXCF’s revenues and valuation of the stock, over the next 12 months.”

Silvercorp Metals Inc’s (NYSEAMERICAN:SVM) (TSX:SVM) operations in China are usually suspended two weeks for the Chinese New Year holiday. During the 2020 holiday season, the company said it production was suspended on January 17 and was scheduled to restart on February 1. Due to the coronavirus situation, China’s central government extended the Chinese New Year holiday by three days to February 3, and as instructed by the provincial governments, the company now expects a restart date of February 10. The company expects to catch-up on the lost production time with shortened holidays in the future. 

Global Atomic Corporation (TSE:GLO) (OTCMKTS:GLATF) on Wednesday provided an update on the Dasa Uranium Project in the Republic of Niger and on the BST Joint Venture Zinc Project in Turkey. The Toronto-based company said the Dasa project in advancing as it begins an optimized Preliminary Economic Assessment (PEA) at the site. The company also noted Improved zinc prices and steady-state production achieved at the new BST plant in Turkey.

Dyadic International Inc (NASDAQ:DYAI) CEO Mark Emalfarb spoke with Fox Business about how companies could leverage its proprietary C1 technology — an industrially proven fungal gene expression technology for producing enzymes — to speed vaccine development for pandemics like coronavirus. There's currently no vaccine for the strain of deadly coronavirus from China. The company applies its C1 gene expression platform to speed up the development of vaccines and drugs. “We are agnostic to disease,” Emalfarb told Fox Business. “We are a platform technology so this (coronavirus vaccine) is just one of many things that can be produced on our platform. Today, the coronavirus is of course in everyone’s mind, but the epidemics and the pandemics that the world is facing and will face, you have to be able to make these vaccines in large volumes at low-cost.”

Codebase Ventures Inc (CSE:CODE) (OTCMKTS:BKLLF) has completed a second closing of a non-brokered private placement. The company issued 15,405,953 units at a price of $0.021 per unit, for gross proceeds of $323,525. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.05 for a period of two years from the date of closing. Securities issued pursuant to this financing are subject to trading restrictions until May 29, 2020. Net proceeds from the private placement will be used for general working capital and to fund future investments.

Tocvan Ventures Corp (CSE:TOC), an exploration mining company, announced a private placement of as much as $800,000 after the bell Tuesday. The company is offering up to 5.3 million units at a price of $0.15 per unit. Each unit contains one common share and one half of a share purchase warrant. Whole purchase warrants entitle the holder to acquire an additional share at a price of $0.30 for a period of 18 months from the placement’s closing. Tocvan shares ended Tuesday flat at C$0.20.

Nabis Holdings Inc (CSE:NAB) (OTCMKTS:NABIF), a Canadian cannabis investment company, revealed Tuesday that it has struck a binding memorandum of understanding with Panaxia Pharmaceutical Industries Ltd, the largest medical cannabis products maker in Israel. Under the terms of the pact, Panaxia will provide proprietary pharma-grade cannabis-based products that have proven to be in high demand in other states in the US, including New Mexico, Colorado and California.

Mota Ventures Corp (CSE:MOTA) (OTCMKTS:PEMTF) announced a new agreement Tuesday that gives the firm access to Canada’s largest live genetic cannabis library. The Vancouver-based company signed a licensing and royalty agreement with Phenome One Corporation, a private genetic and seed preservation company with over 350 cultivars and access to around 1,700 unique genetics in its seed bank. Under the terms of the deal, Mota has the right to propagate, cultivate, harvest and process at least 10 selected cultivars from Phenome’s genetic library and to sell anything it produces from the selections.

Cannabis One Holdings Inc (CSE:CBIS) (OTCMKTS:CAAOF) said that it has completed the construction and building out a second branded flower cultivation facility, also known as Fox Street. In a statement, the Denver-based cannabis company said Fox Street is a 13,000 square foot craft quality cultivation facility that can produce 4,800 pounds of flower per year, boosting capacity by 200%. This will allow Cannabis One Holdings to crack average monthly flower production of 600 pounds, leading to annual topline Colorado cultivation revenue of US$11,700,000 and gross profit of US$7,560,000, said the company. Cannabis One said the facility was built to meet demand for “three specific strains” that American comedian Cheech Marin selected for Cheech's Stash line.

InnoCan Pharma Corporation (CSE:INNO) announced Tuesday it has signed an agreement with Active Therapeutics Ltd to distribute InnoCan's CBD-based Derma Cosmetic products in the UK and Ireland. Active Therapeutics has vast experience in pharmaceuticals and healthcare, including the brand portfolios of Merck & Co Inc (NYSE:MRK) and AstraZeneca PLC (NYSE:AZN), Israel-based InnoCan said in a statement. “This experience has enabled Active Therapeutics to view the market with a long-term vision and introduce innovative and technologically advanced CBD-based products to the growing demands of the UK and Ireland markets,” InnoCan said.

Quantum Computing Inc (OTCMKTS:QUBT) has released its Mukai quantum application development platform, featuring a software stack ready to solve extremely complex optimization problems. Mukai can be used to attack some of the most difficult computing challenges in industry and government by enabling developers to create quantum-ready applications that can run on both classical and quantum computers. The Mukai platform is available today, running on QCI’s scalable, classical cloud infrastructure, the company said.

Co-Diagnostics Inc (NASDAQ:CODX), a molecular diagnostics company, said that it had closed its earlier announced registered direct offering priced at-the-market for 3,448,278 shares for a purchase price of $1.45 per share, to raise gross proceeds of approximately $5 million. In a statement, the Salt Lake City, Utah-based company said HC Wainwright & Co acted as the exclusive lead placement agent for the offering. Maxim Group LLC acted as co-placement agent. The proceeds will go into expanding the firm’s infectious disease testing, and vector control verticals, and fuel sales and technology licensing.

Sri-Lanka-focused miner Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLYF) announced plans on Tuesday to raise up to C$3.5 million gross to advance its assets in the country. The firm plans to place units at C$0.25 each. Each unit will consist of one Ceylon Graphite share and one whole warrant. Each warrant entitles the holder to buy one share for C$0.30 for two years from issue. So far, Ceylon has received subscriptions for 10 million shares amounting to C$2.5 million."We are grateful for such strong investor support,” said Bharat Parashar, chairman and chief executive officer. "These funds will accelerate our production at K1 and will be enough to complete work at the M1 site."

Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL) is forging ahead with its 2020 exploration plans after a “highly successful” 2019 program, interim CEO Jeffry Mason told shareholders Tuesday.The miner revealed plans for its two mining operations in Mexico, which include three producing mines.In total during 2020, Vancouver-based Great Panther is planning to drill at least 25,000 metres across its San Ignacio, Guanajuato and Topia mines.

Telson Mining Corp. (CVE:TSN) (OTCMKTS:SOHFF) has resumed its mining and milling operations at its Campo Morado Mine in Mexico as of this week. Campo Morado is a multi-metal mine that is capable of processing 2,500 tons of ore per day. Work at the mine was previously halted in August of 2019 due to the combined effects of declining zinc prices and local community issues. “After suspending Campo Morado mining operations during August 2019, we are very pleased to be in a position to inform shareholders that improving metal prices and improved community relations have allowed us to resume full-scale mining operations to re-initiate concentrate sales and cash flows,” said CEO Antonio Berlanga.

CytoDyn Inc (OTCMKTS:CYDY) told investors it was looking for potential partners to study its lead drug leronlimab for treating the spreading killer coronavirus, which broke out in China and has now claimed 106 lives. Coronavirus is the name for a large family of viruses, some causing illness in people and others that circulate in animals. The 2019 Novel Coronavirus (2019-nCoV) has been identified as the cause of an outbreak of the respiratory illness first detected in the city of Wuhan in China.

NexTech AR Solutions Corp (OTCMKTS:NEXCF) (CSE:NTAR) is partnering with Jolokia, an enterprise video platform provider to the healthcare industry, to bring augmented reality (AR) to interactive training videos. Jolokia’s platform, known as Inferno, is an online training and learning experience platform that can support healthcare clients that require integration with enterprise systems, custom workflow, cognitive search and discovery, translation and accessibility, interactive video and secure multi-CDN streaming.

Seelos Therapeutics Inc (NASDAQ:SEEL) announced the formation of an in-vivo study of its Parkinson’s Disease program SLS-007, the company’s second gene therapy approach for Parkinson’s Disease. The plan is to utilize an Adeno-Associated Virus (AAV) as a delivery vector, and Seelos is currently producing the viral vector and preparing animals for the study. 

Co-Diagnostics Inc (NASDAQ:CODX) CEO Dwight Egan spoke with CNBC Squawk Box Asia about the importance and challenges of creating a high-quality diagnostic test to detect the deadly coronavirus that originated in China. The Salt Lake City-based company has completed the principle design work for a genetic screening test to detect the disease, which has propelled Co-Diagnostics and its stock into the spotlight. The coronavirus has already killed more than 100 people. 

Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) has expanded its footprint in the Nelson and Greenwood areas of British Columbia with the acquisition of new claims.  The Vancouver-based firm has bought 100% interests in the California Gold Nelson mineral claim in the Nelson camp, and the CMM mineral claim in the Camp McKinney gold camp from a private individual, it said in a statement.

CB2 Insights Inc (CSE:CBII) (OTMKTS:CBIIF), the cannabis research and education group, said Tuesday that it has completed its payment obligations for its acquisition of New Jersey Alternative Medicine last June.  According to the terms of the deal, the Canadian company will issue 2.5 million shares to be escrowed over 15 months, with a rolling release over the term. The purchase payout will amount to roughly $800,000 and CB2 Insights will now see an approximate savings of $440,000

The Flowr Corporation (CVE:FLWR) (OCTMKTS:FLWPF) has realigned its leadership "to drive operational and financial efficiencies", the firm told investors on Tuesday. The cannabis grower said Irina Hossu will join as its finance chief on March 29 this year, while the current CFO, Alex Dann, will remain until the end of March.

Pure Gold Mining Inc (LON:PUR) (CVE:PGM) shares shined in London on Tuesday after the dual-listed Canadian miner hit high-grade gold intersections during exploration drilling at its Red Lake mine in Ontario. The company said the results suggested “strong mine continuity and the potential for mining stope expansion” and will be integrated into short-term mine planning.

American Resources Corp. (NASDAQ:AREC), a supplier of raw materials to the steel industry, has struck up a partnership with Land Betterment LLC, a community development company that renovates former coal mining sites, in a bid to rehabilitate the Gold Star mine, its idled thermal coal mine in Green County, Indiana. Under the new partnership, Land Resources will take charge of selling scrap metal and other equipment at Gold Star. It will also provide environmental remediation services at the Indiana mining site to help American Resources repurpose parts of it for either alternative businesses or community use. 

1933 Industries Inc. (CSE:TGIF) (OTCMKTS:TGIFF), a cannabis consumer packaged goods company, has hired PI Financial Corp and the Independent Trading Group for market-making services to comply with Canadian Securities Exchange policies. The companies will assist 1933 in maintaining its trading of securities in the market. In return for the services, the company will pay a monthly fee of C$4,000 to PI and C$7,500 to ITG for a three-month term and with an option to renew. Neither PI nor ITG will be granted shares or options as compensation. 1933 is a cannabis company with operations in the United States and Canada. Operating via three subsidiaries, 1933 owns licensed medical and recreational cannabis cultivation and production assets, hemp-based CBD infused products, CBD extraction services and a specialized cannabis advisory firm.

Genprex Inc (NASDAQ:GNPX) announced Tuesday that it has closed on an at-the-market stock offering that raised $8 million. The gene therapy company sold 7.6 million shares at a price of $1.05 per share, in accordance with Nasdaq rules governing registered direct offerings. No warrants were issued in the offering. 

Bay Talent Group's (CVE:HIRE) senior management, certain board members and other professional colleagues will ring the opening bell of the Toronto Stock Exchange on January 30. BTG began trading on the TSX Venture Exchange on December 23.. "We have dedicated the last two years to build this company to what it is today, a one-of-a-kind staffing consolidator with a focus on revenue-generating partnerships and digital innovation," said CEO Allan Hartley. "From day one, we have had a firm commitment to building long-term value and this milestone of becoming a public company is one of many to come. We are honoured to celebrate BTG's success with those who have supported our mission."

mCloud Technologies Corp. (CVE:MCLD) (OTCMKTS:MCLDD), the AI and analytics specialist, has raised a further $1.831 million on a gross basis for working capital and furthering its business thanks to the completion of an additional tranche of its special warrant financing. The total gross proceeds generated by the entire offering amount to $13,331,500. In arranging the additional tranche, mCloud issued 457,875 special warrants at a price of $4 per warrant. The securities issued as part of the introduction of an additional tranche will likely be subject to a four-month hold period from the closing date and the offering remains subject to the approval of the TSX Venture Exchange. MCloud operates in the burgeoning world of artificial intelligence and the internet of Things. Its technology aims to curb energy waste and maximize energy production.

Power Ore Inc (CVE:PORE) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement which will see the issue of three million shares at a purchase price of 5 cents per share, together with 1.5 million share purchase warrants at an exercise price of 7 cents for a two-year period with one placee.

Emerald Biosciences Inc (OCTMKTS:EMBI) will be a featured presenter at the upcoming MjMicro Virtual Investors Conference on January 29 at 1 pm ET, Social Life Network Inc (OTCMKTS:WDLF) subsidiary MjLink.com Inc announced Tuesday. The conference provides a platform for both public and private cannabis companies to pitch and present their stories to investors through an online virtual conference. CEO Dr Brian Murphy will host a featured presentation to update investors and analysts.

VR Resources Ltd (CVE:VRR) (OTCMKTS:VRRCF) CEO Dr Michael Gunning recently attended the Metals Investor Forum in Vancouver this month, and was invited to present in the session chaired by Eric Coffin of HRA Advisories. During his presentation, Gunning provided an overview of the company’s main projects, the Bonita Cu-Au porphyry project and Big Ten epithermal gold project in Nevada, and the Ranoke copper-gold breccia pipe target in Ontario. Investors are encouraged to visit the company’s website at www.vrr.ca for up-to-date information.

 

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