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NA Proactive news snapshot: Blockchain Holdings, ElectraMeccanica, Avalon GloboCare, Ideanomics, American Battery Metals UPDATE ...

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

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Your daily round-up from the world of Proactive

Mackie Research called Blockchain Holdings Ltd (CSE:BCX) subsidiary TraceSafe Technologies Inc a “world leader” in health and safety wearable technology as the world grapples with the coronavirus outbreak. TraceSafe is a self-quarantine monitoring system that consists of a bracelet or access card that has an embedded chip that can trace the wearer’s location. The product can track and manage people who are self-isolating in quarantine. Bracelets are currently in use in Hong Kong and are being piloted in Kuwait.

ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) said Monday that it has narrowed its search for a US assembly facility and engineering technical center to five potential states: Arizona, Colorado, Florida, North Carolina and Tennessee. The company is looking for a facility to employ as many as 250 people and help meet growing demand for its SOLO electric vehicles in the US. ElectraMeccanica plans to visit potential sites this summer and make a final decision later this year, a process that kicked off last week with tours of possible locations in Arizona.

Avalon GloboCare Corp (NASDAQ:AVCO) has entered into a strategic partnership with GensKey Medical Technology Co Ltd to co-develop and commercialize rapid detection tests to help identify whether a patient has developed antibodies against the SARS-CoV-2 virus that causes the COVID-19 disease. The two companies also will co-develop and commercialize a polymerase chain reaction (PCR) based diagnostic test to detect a SARS-CoV-2 infection. In a statement Monday, Avalon said both detection tests have already earned CE certification for the European Union and are currently up for pending approval by the US Food and Drug Administration under the Emergency Use Authorization (EUA) pathway. Avalon also said it intends to pursue the establishment of a cGMP facility in the US for the manufacturing and assembly of the detection systems.

Ideanomics Inc (NASDAQ:IDEX) announced Monday that it has begun fulfilling an order of 2,300 electric taxis in the city of Guilin, located in China's Guanxi province. The first 200 taxis, worth roughly $2.8 million, are expected to be delivered in July. The initial wave of cars will consist of Dongfeng Nissan Sylphy ZE vehicles, a regional version of the Nissan Sentra midsize sedan. The order was secured by Ideanomics Mobile Energy Global (MEG) division, which has offices in China, through its partner QuianXi. The order was originally announced in November.

American Battery Metals Corporation (OTCQB:ABML), an advanced extraction and battery recycling technology company, announced Monday that it has hired Vickey Alvarez as the company’s corporate controller. She will have oversight and responsibility for full-cycle accounting for the corporation. In addition to all aspects of financials, forecasting, regulatory compliance, and all business transactions, she will also manage American Battery Metals’ sales and purchasing.  Alvarez comes to American Battery Metals from the Nevada State Board of Nursing (NSBN) where she managed budget, forecasts, cash management, audits, general ledger accounting, and payroll.

Mota Ventures Corp (CSE:MOTA) (OTCPINK:PEMTF) has struck a binding deal to buy eCommerce platform Unified Funding for US$45 million, which will allow Mota to develop new products and expand into new healthcare markets. Unified Funding generates revenue from licensing, marketing and product fees supporting brands in the natural health sector, including skincare, nutraceutical, essential oils and CBD. Its database has already facilitated over C$364 million in customer transactions since its inception in 2015, with C$93.8 million in 2019 alone.

Loop Insights Inc (CVE:MTRX) received a major boost on Monday with its acceptance into the Amazon Web Services Partner Network. The elite group is used by the vast majority of Fortune 100 companies and provides access to numerous ongoing Amazon Web Services (AWS) portfolios. As a preferred partner, Loop told shareholders, it will benefit from larger funding opportunities and continued AWS resources that support product development, marketing and sales.

O3 Mining Inc (CVE:OIII) (OTCMKTS:OQMGF) revealed Monday that crews are being mobilized for the resumption of drilling on its East Cadillac property situated in Val D’Or, Quebec. In a statement, the Candian mine development company said this is the second rig mobilized following the announcement of an expanded drill program from 50,000 to 150,000 metres. The first drill rig is currently on the Alpha property targeting the Orenada #4 zone at depth. The second drill rig will focus on the North Contact on the East Cadillac property, said the company.

GlobeX Data Ltd (CSE:SWIS) (OTCQB:SWISF) has announced that it is in the final stages of launching its PrivaTalk Messenger, which is slated for next month. PrivaTalk Messenger is the company’s Swiss-hosted encrypted and private instant messaging application for web and mobile devices. In a statement, GlobeX said it decided to fast track the launch of PrivaTalk Messenger for everyone to purchase given recent data breaches in messaging apps, notably WhatsApp, and the need for more secure and private messaging and secure communication solutions.  Until recently, the service was only available to its large distributors and government clients.

Champignon Brands Inc (CSE:SHRM) (OTCQB:SHRMF), a wellness company focused on areas of psychedelic medicine, said Monday that it has selected Toronto-based Dalriada Drug Discovery Inc to advance its new chemical entity (NCE) IP portfolio as it applies to ketamine and psilocybin/psilicin molecular scaffolds. Vancouver-based Champignon said Dalriada, a top contract research organization (CRO), will lead Champignon’s new drug discovery programs in the NCE area and provide “integrated R&D support” to accelerate the company’s existing preclinical assets and ongoing development of proprietary delivery platforms. The company expects the partnership to result in a "robust pipeline of preclinical and clinical assets" with strong IP protection.

Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) has reported new drill results from the LP Fault zone on the company’s Dixie project that included the highest-grade, widest interval to date. Results from the zone included 30.5 grams per ton (g/t) gold over 12.4 metres, including 103.6 g/t gold over 1.1 metres within a broader interval of 15.5 g/t gold over 25.2 metres. The Vancouver-based company is in the midst of a fully funded C$21 million exploration program at Dixie, which is located in the prolific mining region of Red Lake, Ontario. The company has completed 111 drill holes of a planned 300-hole program.

TIMIA Capital Corporation's (CVE:TCA) (OTCMKTS:TIMCF) has said it is on track to provide more loans this year to help tech companies grow than it did in 2019, despite the challenges caused by the coronavirus pandemic. In an update on the state of its portfolio and the group's plans for 2020, the fintech company said the year was off to a "great start". So far in 2020, TIMIA has disbursed C$4.4 million into three new companies, as well as putting C$1.8 million into existing investments.

Mind Medicine (MindMed) Inc (NEO:MMED) (OTCQB:MMEDF) said Monday it is collaborating on a Phase 2 clinical trial evaluating LSD for the treatment of cluster headaches at University Hospital Basel's Liechti Lab in Switzerland. The Phase 2 trial began recruiting patients in early January and has commenced treating patients with LSD (lysergic acid diethylamide), the Reno-based company said in a statement. MindMed, a leading neuro-pharmaceutical company for psychedelic-inspired medicines, previously formed an ongoing research and development collaboration with the Liechti Lab -- the leading global clinical research laboratory for LSD -- to evaluate multiple therapeutic uses of psychedelics and next-gen psychedelic therapies. Dr Matthias Liechti is serving as principal investigator of the clinical trial. 

CytoDyn Inc (OTCQB:CYDY) announced Monday that the US Food and Drug Administration (FDA) has set July 10 as the potential date for when the company can expect news about when the biologics license application (BLA) review of its potential coronavirus (COVID-19) drug leronlimab will be completed. On July 10, the company could be issued what’s called a PDUFA (Prescription Drug User Fee Act) date, which represents the agency’s goal date for completing an application.  The FDA typically takes 10 months to review a BLA, the company said, but CytoDyn has filed for a Priority Review designation, which could cut that time to six months.

XPhyto Therapeutics Corp (CSE:XPHY) (OTCPINK:XPHYF) revealed Monday that its German subsidiary had now finalized its formula for its skin patch to help Parkinson's disease sufferers ahead of human pilot studies earmarked for the third quarter of this year. Vektor Pharma TF GmbH is an expert in the design, testing and manufacture of thin-film drug delivery systems, particularly transdermal patches and oral strips. The patches are based on the neurological drug Rotigotine, which is approved for the treatment of Parkinson's disease (PD) and restless legs syndrome (RLS) in Europe and the United States.

Fidelity Minerals Corp (CVE:FMN) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement, announced on June 3, 2020, which will see the issue of 9.68 million shares at a purchase price of 2.5 cents per share together with warrants to purchase 9.68 million shares at an exercise price of 5 cents each which will expire on December 17, 2021 with 11 placees.

Pacton Gold Inc (CVE:PAC) said that, under a directors resolution dated May 22, 2020, the company has consolidated its capital on a 1-new-for-10-old basis effective from the opening on Tuesday, June 9, 2020.

PreveCeutical Medical Inc. (CSE:PREV) (OTCQB: PRVCF) (FSE:18H) has informed its shareholders that 134,151,350 common share purchase warrants issued in connection with the company's June 29, 2018, non-brokered private placement, including 6,301,600 finder's warrants, will expire on June 29, 2020. Each Warrant currently entitles the holder thereof to purchase one common share of the company at an exercise price of $0.10 per share.

American Resources Corporation (NASDAQ:AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace with a primary focus on the extraction, processing, transportation and distribution of metallurgical carbon to the steel and specialty metals industries, has said its chairman and CEO, Mark Jensen will present at the Virtual Investor Fireside Chat Series on Monday, June 15, 2020, at 10am ET. A topic of discussion will be how the company is positioned for a surge in global infrastructure initiatives as economies recover post coronavirus (COVID-19). A live video webcast of the fireside chat will be available on the Investor Relations section of the company's website: americanresourcescorp.com. Immediately following the fireside chat, management will participate in an interactive Q&A session with interested parties, allowing participants to type in questions and receive live responses. A webcast replay will be available two hours following the live presentation and will be accessible for one year. To schedule a one-on-one call with management, please submit a request through the conference website vifiresidechat.com, or contact the conference at info@virtualinvestorco.com.

Exro Technologies Inc. (CSE:XRO) (OTCQB:EXROF) has said its CEO Sue Ozdemir will present the latest overview of the company's advances at The Summit Group Virtual Summer online event on June 10, 2020, at 10:55am Eastern Time. Exro's CEO, who was appointed in  September 2019, will provide an update on the Company's technology and rapidly advancing commercialization strategy, which now includes five partnerships with companies in the mobility sector that are using Exro's patented coil switching to dramatically improve the performance and sustainability of power trains. The company expects at least eight commercialization deals to be signed in 2020. Investors and parties interested in learning about Exro's technology to optimize the performance of electric motors and powertrains are invited to register for The Summit Group's webcast on June 10, by clicking here: https://www.webcaster4.com/Webcast/Page/2038/35052

Genprex, Inc. (NASDAQ:GNPX), a clinical-stage gene therapy company developing potentially life-changing technologies for patients with cancer and diabetes, announced that the company will present at the MoneyShow June Virtual Event on Wednesday, June 10, 2020, at 12.50pm EDT. The group noted that Rodney Varner, it’s chairman and chief executive officer, will deliver an overview of the company and provide updates on its product pipeline, including its lead drug candidate, Oncoprex immunogene therapy, which received Fast Track Designation from the Food and Drug Administration for its combination therapy with AstraZeneca’s Tagrisso. He will also provide an overview of the Company’s in-licensing of a preclinical diabetes gene therapy candidate that has the potential to cure Type 1 and Type 2 diabetes. The presentation can be accessed via a Free Live Webcast Link: https://bit.ly/2zPIfiV

AdvanceTC Ltd (NSX:A88) (OTCPINK:ATCLF) said it has officially been accepted and listed on the OTC Markets Group Inc. (OTCQX:OTCM) OTC Pink Market. AdvanceTC, a premier technology company specializing in the design and development of mobile telecommunication and computing devices, said the listing will be of great benefit to the company as it prepares initial market distribution of its unique Satellite Android smartphone Xplore X7 and Xplore X5 in the USA. OTC Markets Group is the largest US marketplace for OTC securities with over 10,500 securities listed as of 2019 and is regulated by the Financial Industry Regulatory Authority (FINRA).

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