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.

Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP), the biopharma company, has unveiled the pre-clinical results of TNX-801, its live virus horsepox vaccine that prevents smallpox and monkeypox, in a poster at the 2020 ASM Biothreats Conference held from January 28 to the 30th in Arlington, Virginia. The poster, which was entitled “Synthetic Chimeric Horsepox Virus (scHPXV) Vaccination Protects Macaques from Monkeypox,” showcases the analysis of TNX-801 and offers proof that it works.

Noble Capital Markets reiterated its Outperform rating and an $11 price target for Dyadic International Inc (NASDAQ:DYAI), noting that the company’s proprietary C1 enzyme production platform may help fight the coronavirus that has killed 132 people in China and infected thousands more worldwide. “We believe C1 technology may provide low cost and high-efficiency approach to manufacture potential treatments to curtail the spread of coronavirus outbreak,” wrote Ahu Demir, a senior research analyst, in a note to investors/  “In our view, the current stock price does not reflect the value of Dyadic's portfolio. We believe Dyadic's stock price is poised to move higher upon additional data and collaborations in 2020.”

Imagination Park Technologies Inc (CSE:IP) (OTCMKTS:IPNFF), an augmented reality company, has started working with the network and communications firm KLA Laboratories as a partner in its KLArity Ecosystem Partners Platform. The platform is designed for KLA’s clients, which include Ford Motor Company (NYSE:F), Little Caesars Arena and others, to better understand emerging technologies and how the integration of those solutions could improve their business. Imagination Park’s AR-as-a Service model allows businesses of all sizes to implement their own AR campaigns without any prior programming or technology experience.

Genprex Inc (NASDAQ:GNPX) said that independent researchers reported in a recent study that TUSC2, a tumor suppressor gene and the active agent in Genprex’s Oncoprex immunogene therapy, is a potential target and biomarker for thyroid carcinoma. Published in the ‘International Journal of Molecular Sciences,’ the study found that TUSC2 overexpression decreased thyroid cancer proliferation, migration and invasion. Cell proliferation, migration and invasion ability are essential steps in tumor metastasis. The researchers noted that “TUSC2 forced expression reduced thyroid cancer cell proliferation” and could represent “an important tool” to arrest cancer cell proliferation, while TUSC2 restoration decreased the migration and invasion of thyroid cancer cell lines.

The results of DRDGOLD Limited (JSE:DRD) (NYSE:DRD), the South African gold producer, for the six months ending on December 31 will be unveiled on February 12th via the company’s web site (www.drdgold.com). At that time, CEO Niël Pretorius and CFO Riaan Davel will provide investors with a briefing on the company’s performance. DRDGOLD is a Johannesburg and New York-listed gold producer and a leader in the recovery of gold from the retreatment of surface tailings. Founded in 1895, DRDGOLD remains the oldest, continuously listed company on the Johannesburg Stock Exchange (JSE).

Information Services Corp (TSE:ISV), the Canada-focused tech group, which provides registry services for public records, has built a strong business and expects to see continued organic growth in 2020. Providing guidance for the year, the Saskatchewan-headquartered company said it expects revenue of between C$135 million and C$139 million for the year.

AgraFlora Organics International Inc (CSE:AGRA) (OCTMKTS:AGFAF) indicated Wednesday that construction at its 51,500-square foot edibles-manufacturing facility and research lab in Winnipeg, Manitoba, would be completed in the next 60 days, with 75% of the work already finished. AgraFlora’s GMP-certified Winnipeg edibles facility, at the heart of the company’s manufacturing strategy, is undergoing a retrofit which should be completed in early 2020.

RNC Minerals Corp (TSE:RNX), the west Australia-focused gold miner, revealed that a gravity survey had uncovered a new, potentially exciting structure extending over 5 km at its Higginsville operations. The area, which lies north of the previously mined high-grade 1 million ounce (Moz) Trident gold deposit, may contain mineralization at depth and will be the focus of new drilling, as part of its 2020 program.

CB2 Insights Inc (CSE:CBII) (OTMKTS:CBIIF), the cannabis research and education group, unveiled director changes on Wednesday, including the appointment of data healthcare specialist Tom Brogan as an independent member of the board. Brogan will replace outgoing directors David Danziger and Gerry Goldberg, who wish to pursue other opportunities, the firm said.

American Battery Metals Corporation (OTCMKTS:ABML) Chief Technology Officer Ryan Melsert was recently featured as an industry expert and keynote speaker at a clean-energy technology workshop at the International Energy Agency in Paris. Melsert was among 60 experts representing global governments, academia, large corporations, and small businesses called on to join the workshop, the company said in a statement Wednesday. Melsert and the other experts came together to identify actionable pathways for new technologies to be developed and commercially deployed in a rapid timescale that can address global energy and climate challenges. The company plans the operational start of its lithium-ion battery recycling facility in Nevada in mid-2020

Gold Resource Corporation (NYSEAMERICAN:GORO) is excited about a new set of drill results from the Scarlet target that could indicate a new deposit on the Isabella Pearl project’s mineralized trend. Drilling on the Scarlet target returned intercepts including 24.4 meters just over 1 gram per ton (g/t) gold only 1.5 meters from surface.
Scarlet, which is located around 400 meters northwest of Isabella Pearl, is the first of what GORO says is “many” mineralized targets on the site. 

Fura Gems Inc. (CVE:FURA) (OTCMKTS:FUGMF), the gemstone mining and marketing company, has 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 ruby licenses, that will push back the so-called ‘drop dead' date of the Merger of Ruby Assets Agreement from January 31, 2020 to February 29, 2020. This option agreement gives Fura 100% interest in a pair of permits (EPM 25973 and EPM 25978) and three licenses (ML 70419, ML 70447 and ML 70451) for a sapphire mining project in Queensland, Australia. Fura boasts emerald and ruby assets in Colombia and Mozambique.

Salazar Resources Ltd (CVE:SRL), the copper and gold-focused project generator, reported highly encouraging exploration results from the Los Osos project in Ecuador, where targets have been located for an imminent drill program. The firm also announced in today's statement the promotion of Merlin Marr-Johnson to executive vice-president. 

Biome Grow Inc. (CSE:BIO) (CNSX:BIO.CN) (OTCMKTS:BIOIF) announced today that Brett James has resigned from the company's board of directors.  Biome's CEO, Khurram Malik, commented: "the Biome Board and I are deeply grateful for all of the hard work and dedication Brett has provided to Biome."

Great Bear Resources Ltd. (CVE:GBR) has been reiterated as a ‘buy’ by Jay Taylor in the January 14, 2020, edition of Gold, Energy & Tech Stocks. Taylor has said buy Great Bear four times from February 15, 2018, to October 15, 2019, at prices ranging from 53 cents to $6.62, with the stock currently at $8.66. Taylor said he continues to be enthralled by Great Bear's "amazing" Dixie gold project in Ontario. He concluded that Great Bear remains "one of the most exciting stories" he has ever covered.

Ascent Industries Corp (CSE:ASNT) (OTCMKTS:PGTMF) and certain of its affiliates obtained an order on Tuesday from the Supreme Court of British Columbia extending the stay of proceedings provided by the initial order of the court dated March 1, 2019 until March 6, 2020. The applicants applied for an extension in order to permit the company to, among other things, prepare and file its 2018 annual financial statements and 2019 interim financial statements as required by applicable Canadian securities laws and CSE policies and complete the implementation of the steps contemplated in the company's first amended and restated consolidated plan of compromise, arrangement and organization, including the distribution of common shares of Ascent pursuant to the plan.

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