leadf
logo-loader

NA Proactive news snapshot: Clean Coal Technologies, Silvercorp Metals, Gevo, Ideanomics, Global Energy Metals, HIRE Technologies UPDATE...

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

Newspapers and laptop
Your daily round-up from the world of Proactive

Clean Coal Technologies Inc (OTCQB:CCTC) said it has received the delivery of its $1.4 million rotary kiln which will be used with its patented coal dehydration technology to create stable, dust-free coal at its Fort Union test facility near Gillette, Wyoming. The Madison Avenue, New York-based company said the fabrication of the rotary kiln was completed in Canada and finally arrived at the facility on August 6 and has been installed. "This is a major and extremely important milestone both for Clean Coal Technologies and The Powder River Basin Coal market," said CEO Robin Eves. "This highly sophisticated counter current kiln, that took almost two years to design and build, will significantly increase the scope and efficiency of the existing plant and will ensure a highly stable dust-free end product for the export market." The rotary kiln will be used across all three of the company’s patented coal dehydration technology processes — Pristine, Pristine-M, and Pristine-SA.

Silvercorp Metals Inc (NYSEAMERICAN:SVM) (TSE:SVM) shares jumped Monday after analysts at Roth Capital Markets upped its price target for the stock to $8.25 from $6.60 and reiterated a Buy rating. The firm said that Silvercorp’s recently announced fiscal first quarter revenue of US$46.7 million and earnings of US$0.09 per share beat its expectations of $45.7 million and $0.04 per share, respectively. Shares of the company rose more than 9% to US$8.06 in New York and to C$10.80 in Toronto.

Gevo Inc (NASDAQ:GEVO) saw an increase in hydrocarbon revenue and a narrowing loss in its second quarter, according to the quarterly results the Colorado company posted after the bell Monday. Sales of hydrocarbon products jumped to $900,000 in the three months ended June 30, up from $100,000 in the same period in 2019. Gevo’s hydrocarbon revenue consists of sales of alcohol-to-jet fuel, isooctane and isooctene. Overall, revenue declined to $1 million from $5.1 million in the period, due primarily to the termination of ethanol and distiller grain production at its Minnesota facility in the wake of the coronavirus.

Ideanomics Inc (NASDAQ:IDEX) posted its second quarter 2020 results on Monday that saw the company post the largest revenue from its mobile energy group (MEG) since the company started electric vehicle sales. Revenue for the three months ended June 30 was $4.7 million, largely driven by its Sales to Financing to Charging (S2F2C) business model gaining traction in the electric vehicle sector, according to the New York-based firm. "We are very pleased with the pace of our sales growth in the new energy vehicle industry," said Alf Poor, CEO of Ideanomics in a statement accompanying the results. "As the rate of global electric vehicle (EV) adoption continues to rise and technology advancements make EVs more accessible, our S2F2C business model is positioned to add value for commercial fleet operators in all areas of their business."

Loop Insights Inc (CVE:MTRX) said Monday it would participate in two webinars run by investing websites SmallCapPower and RB Milestone Group. In a statement, CEO Rob Anson said there was “no greater time” to become acquainted with the company’s story. “The company is gaining huge market traction,” Anson told shareholders. “In July we traded more stocks than we have in this past year while being on the public market; and on July 17th, we saw a 100% increase in stock price. We are catching fire, and we want this to be known among the global investor community." Interested attendees can participate in the RGMB webinar on August 11 at 4:30 PM ET using this link and at the SmallCapPower webinar at 11 AM ET at this link.

NetCents Technology Inc (CSE:NC) has granted incentive stock options to purchase 500,000 shares exercisable at C$1.27 per share for a five-year period to an advisory board member as part of its company stock option plan.

HIRE Technologies Inc (CVE:HIRE) is raising up to C$2.25 million to fund new acquisitions and investments, it revealed Monday. The Toronto-based recruitment firm said it was raising the funds via a non-brokered private placement of unsecured convertible debentures that will bear an interest rate of 9% per year and will mature at the end of July 2023. "Given how strong and resilient the revenues of the company have sustained during the pandemic, I'm very pleased to be earmarking the funds from this proposed financing to our M&A growth program,” HIRE CEO Simon Dealy told shareholders in a statement Monday.

Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) said Monday that it is initiating a strategic review as part of its corporate and portfolio optimization strategy. The news comes just after the Vancouver-based company executed an agreement to sell a portfolio of royalty interests to Electric Royalties Ltd (CVE:ELEC) on its flagship Millennium cobalt project and two other projects in Queensland, Australia for 1.15 million shares and C$150,000. GEMC will maintain a stake in Electric Royalties to increase its exposure to the latter’s energy mineral asset portfolio, which includes lithium, vanadium, manganese, graphite and cobalt projects.

Codebase Ventures Inc (CSE:CODE) (FSE:C5B)( OTCQB:BKLLF) said it has completed the final tranche of its non-brokered private placement, raising proceeds of $135,000 through the sale of 2,250,000 units. The company said the net proceeds from the private placement will be used for general working capital and to fund future investments. Overall the private placement raised proceeds of $93,249.96 through the sale of 1,554,166 units.

Globex Mining Enterprises Inc (TSX:GMX) OTCMKTS:GLBXF), the mineral property bank, has sold three properties in northern Quebec to Starr Peak Exploration Ltd (CVE:STE) (OTCMKTS:STRPF) for cash and shares. They are the Normetal/Normetmar project, the Rousseau gold property and the Turgeon gold property. Globex will receive a total of C$150,000 in cash - C$50,000 on signing, C$50,000 at six months and C$50,000 after one year. It will receive 1.2 million Starr Peak shares and a 2.5% Gross Metal Royalty (GMR), 1% of which may be bought back by Starr Peak prior to commercial production for C$1.5 million. 

Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) has posted second-quarter results, notably featuring growing cash on hand, which the company believes is sufficient to fund its operations into the fourth quarter of 2021. The company had $77 million in cash and equivalents as of June 30, up from $70.1 million at the end of 2019. During the quarter, the company had offerings for more than 5.6 million shares, netting $27.2 million in proceeds. R&D expenses totaled $17.3 million in the quarter, compared to $8.2 million in the same period last year. Its net loss for the quarter was $20.3 million, $0.78 per share.

Chesapeake Financial Shares Inc (CPKF), which operates as the bank holding company for Chesapeake Bank, a community bank serving central and eastern Virginia, said it has joined the Real-Time Payments (RTP) network developed by The Clearing House. With the RTP network, Chesapeake Bank customers can now receive payments directly into their accounts with real-time receipt confirmation and instant availability, while also providing for advanced messaging capabilities. "We are excited to offer our customers the ability to receive payments much faster and continue to support new digital innovations," said Rick Roberts, who is director of operations at Chesapeake Bank. "The RTP network provides improved speed, reliability, and security to consumer and business payments." Founded in 1900, Chesapeake Bank headquartered in Kilmarnock, Virginia operates 15 community banks.

Pacton Gold Inc (CVE:PAC) (OTCPINK:PACXF) told investors that its neighbour in Red Lake, Pure Gold Mining Inc (CVE: PGM) is to carry out a seismic survey at Pacton's Red Lake gold project. The work is aimed at defining extensions of mineralization to support exploration and resource expansion at Pure Gold's Madsen mine, scheduled to commence production this year. "We are pleased to be working with our neighbours at Pure Gold as they near production at their Madsen gold mine," said Dale Ginn, executive chairman at Pacton. Ginn added the timing of the survey was particularly useful as Pacton is entering the final stages of drill targeting at the adjacent Red Lake exploration project, and the data will be of "significant value in prioritizing our targets."

XPhyto Therapeutics Corp (CSE:XPHY) (OTCPINK:XPHYF) told investors Monday that development of its rapid saliva-based coronavirus test is proceeding at an expedited basis at its diagnostic partner’s research lab in Germany. Xphyto and 3a Diagnostics GmbH are developing a point-of-care lateral flow test to detect viral RNA in patent saliva, as well as from nasal and throat swabs, in fewer than five minutes. 3a’s enhanced RNA probe system has proven capable of detecting viral RNA in symptomatic, pre-symptomatic and asymptomatic patients alike, the company said.

Virtual Investor Conferences, the leading proprietary investor conference series, part of OTC Market Group Inc's (OTCQX:OTCM) suite of investor relations services, said that the presentations from the August 6 OTCQB Venture conference are now available for on-demand viewing at VirtualInvestorConferences.com. The presentations will be available 24/7 for 90 days. Investors, advisors and analysts may download shareholder materials from the "virtual trade booth" for the next three weeks.

MegumaGold Corp (CSE:NSAU) has told investors its plan is to kick off a multi-phase drilling campaign to test numerous targets, once the group's business combination with Osprey Gold Development Ltd (CVE:OS) has been finalized. As reported earlier this year, the deal will create a leading precious metals explorer in the Canadian province of Nova Scotia. The initial focus of the combined firm will be on developing target areas close to St Barbara Limited's operating Touquoy Mine in the Moose River Gold Mines area, which includes Osprey's Caribou project and MegumaGold's Killag and Touqouy West properties, Meguma said.

Humanigen Inc (OTCQB:HGEN) announced Monday that Brazilan regulators have granted the company permission to begin a Phase 3 study of its drug lenzilumab on coronavirus (COVID-19) patients in the country.  The study will follow the same protocol approved by the US Food and Drug Administration in April - a randomized, placebo-controlled, double-blind clinical trial format for severe and critical coronavirus patients with a high risk of disease progression. The study is now set to begin recruiting patients, the company said.

Humanigen also confirmed that Cameron Durrant, its chief executive officer and Dale Chappell, its chief scientific officer will present a company overview and business update at the BTIG Virtual Biotechnology Conference 2020 today, August 10, 2020, at 2.00pm Eastern Time. The conference being held in a virtual format, a live webcast of the event can be accessed at https://www.humanigen.com/investor-materials. An archived replay of the event will be available on the company website for 30 days following the event.

Karora Resources Inc (TSX:KRR), formerly RNC Minerals, posted a strong second quarter to end-June, 2020, which saw the miner increase its earnings, boost the balance sheet, and reduce costs. The firm produces gold from its Beta Hunt in Western Australia, and has continued to lift output from integrating the Higginsville operations, which includes a mill, and which it bought a year ago. On Monday, Karora repeated its production and cost guidance for the full year of between 90,000 and 95,000 ounces of gold at an average all-in-sustaining costs (AISC)  of US$1,050 to US$1,200 per ounce sold.

Loop Insights Inc (CVE:MTRX) (OCTMKTS:VRZPF), which uses artificial intelligence to drive real-time insights and enhanced customer engagement, revealed on Monday that it has struck a channel reseller partnership with global cloud-based point-of-sale (POS) company Vend, and has signed the first implementation deal with a Vend client. The Vancouver-based advanced tech company said Vend would unlock opportunities in the more than $5 trillion global retail industry. Vend is the first POS built for iOS and is used in over 25,000 stores across 140 countries. Loop said Vend's “global reach” creates “opportunities” across the world for Loop and its technology in the retail vertical. To this end, the companies have already secured the first implementation deal at a Vend client, Wild Birds Centers of America Inc - a North American aviary retail franchise with 30 stores - and a subsidiary of Global Harvest Foods Limited.

Arcadia Biosciences Inc (NASDAQ:RKDA) said on Monday that it has executed a term sheet to form a strategic business venture with Three Farm Daughters LLLP, a majority female-owned North Dakota-based consumer food company, to develop and market food products using Arcadia's patented non-GMO GoodWheat technology. The Davis, California-based company said that the companies will develop Three Farm Daughters-branded food products such as flours, pastas and crackers that leverage the enhanced nutritional profiles of GoodWheat ingredients. Three Farm Daughters products will be sold in grocery stores, on Amazon and through the company's e-commerce site. "Three Farm Daughters shares our commitment to healthy, high-quality food ingredients and clean labels," Arcadia Biosciences CEO Matthew Plavan said in a statement.

Versus Systems Inc (CSE:VS) (OTCQB:VRSSF) is expanding into the trillion-dollar wellness market thanks to a new partnership with award-winning augmented reality studio ePlay Digital Inc (CSE:EPY) (OTCMKTS:EPYFF). On Monday, the Los Angeles-based company said it is teaming up with ePlay to bring its proprietary in-app rewards technology to ePlay’s portfolio of health and wellness applications. Versus said the agreement diversifies its content offerings for rewards partners in video platforms and lifestyle mobile applications.

Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF) announced Monday a major new agreement that sets the stage to advance its lithium ion battery cathode material technology. The Vancouver-based company signed a joint development agreement with an unnamed Asian cathode material producer to develop and evaluate materials made with combined technologies. “We are thrilled to be working with a highly respected cathode producer who shares Nano One’s vision to develop and launch a disruptive cathode business,” CEO Dan Blondal told shareholders in a statement. “This is a defining moment in our evolution and an important milestone in the advancement of our business.”

Naturally Splendid Enterprises Ltd (CVE:NSP) (OTCMKTS:NSPDF) has updated on its clinical trial plans for Cavaltinib to treat coronavirus (COVID-19), saying that Health Canada had requested further details of the phase 2 study On July 29 this year, the plant-based food and ingredients group, said it had received a 'No Objection' Letter, which acknowledged drug candidacy and the authority to proceed. Now, Health Canada has requested specific protocol details regarding the trial of the drug from the proposed joint venture with Biologic Pharmaceutical Research, before it can begin, Naturally Splendid told investors in a statement.

Agraflora Organics International Inc (CSE:AGRA) (OCTMKTS:AGFAF) has said it is exchanging $3 million worth of debentures for shares in the company. The firm said it agreed with holders of its 10% senior unsecured convertible debentures due March 12, 2021, that provides for the purchase of $3 million aggregate principal amount of the debentures. The cannabis company will distribute nearly 55 million shares priced at C$0.05472, which is the daily volume-weighted average price of shares between June 24, 2020, and June 30, 2020.

FSD Pharma Inc (NASDAQ:HUGE) (CSE:HUGE.CN) on Friday reported that management's discussion and analysis of financial condition and results of operations for the three months ended June 30, 2020, have been filed and it provided a brief business update. The group noted that the Phase 1 first-in-human safety and tolerability study with its lead drug, FSD201, an anti-inflammatory ultramicronized-palmitoylethanolamide, was completed with no serious adverse effects reported. The company said it has filed a pre-IND (Investigational New Drug) meeting request package with the US Food and Drug Administration (FDA) for the use of FSD201 in the treatment of coronavirus (COVID-19) patients and received FDA approval to design a Phase 2a clinical trial to treat COVID-19 patients. The study is expected to commence by year-end 2020.

FSD also said it continued to strengthen its available cash on hand in the second quarter through the monetization and sale of its partial equity stake in Pharmadrug Inc. and a raise of $10.125 million through a private placement to institutional investors.

Fura Gems Inc (CVE:FURA) (OTCMKTS:FUGMF), the gemstone mining and marketing company, is to acquire Australia-based Great Northern Mining, which boasts 73 leases, in a deal worth approximately C$2.86 million, or A$2.9 million. Toronto-based Fura will pay around C$2,860,632 to vendor Mosley Mining, less an amount payable to a bank to release a security interest on certain of the assets, and an amount equal to any royalties that become payable by the Great Northern before completion of the transaction.

Canada Silver Cobalt Works Inc. (CVE:CCW) (OTCMKTS:CCWOF) has said that Matt Halliday, the company's president & COO has also been appointed to the board of directors.  In connection with Halliday's appointment to the board, the group added, Marc Bamber has resigned as a director of the company to focus on his other work commitments.  The group also said it has engaged GRA Enterprises LLC  to provide investor relations services under a consulting agreement dated July 24, 2020. Services will include the production and publication of investor bulletins, distribution of investor bulletins to the consultant's e-mail list, and posts via the consultant's blogs and social media accounts. In consideration of these services, the company has paid the consultant a fee of US$30,000 for a 6-month contract.

New Pacific Metals Corp. (TSX:NUAG) (CVE:NUAG) (OTCQX:NUPMF) said it has received final approval for the listing of its common shares on the Toronto Stock Exchange and will commence trading effective on the TSX as of market open on August 11, 2020, under the current trading symbol of "NUAG".  In connection with the TSX listing, New Pacific's common shares will be voluntarily de-listed from the TSX Venture Exchange effective as of the commencement of trading on the TSX. New Pacific is a Canadian exploration and development company which owns the Silver Sand Project in Potosí Department, Bolivia and the Tagish Lake gold project in Yukon, Canada.

Fidelity Minerals Corp. (CVE:FMN) (FSE:S5GM) said it has closed the non-brokered private placement it previously announced on July 27, 2020, and increased on August 4, 2020. The company has issued a total of 7,668,121 units at $0.06 each for gross proceeds of $$460,087. Of the total Units issued, 5,015,583 units were subscribed by Lions Bay Capital Inc., and 1,286,538 units were subscribed by management. Each unit consists of one common share and one transferable share purchase warrant exercisable into an additional common share at $0.07 per share until August 10, 2022. The securities issued pursuant to the Private Placement are subject to a four-month hold period that expires on December 11, 2020. Finders' fees totalling $2,938 were paid relating to the private placement. The company intends to use the net proceeds for corporate working capital purposes. The placement is subject to final approval of the TSX Venture Exchange.

Highgold Mining Inc (CVE:HIGH) said the TSX Venture Exchange has accepted for filing documentation with respect to a brokered and non-brokered (NB) private placement announced on July 6, 2020, and July 13, 2020, respectively, which will see the issue of 7,976,975 bought common shares and 446,500 NB common shares at a purchase price of $1.73 per share with 24 placees (including one for the NB offering).

Metalla Royalty and Streaming Ltd (CVE:MTA) said the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement of $5 million in convertible debentures, announced July 29, 2020, convertible into 505,050 common shares at a conversion price of $9.90 per share and a maturity date of April 22, 2023, at an Interest rate of 8% per annum with one placee.

Blackrock Gold Corp (CVE:BRC) said the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 22, 2020, which will see the issue of 10,416,667shares at a price of 72 cents each, together with 5,208,333 share purchase warrants with an exercise price of $1 for a two-year period with 11 placees.

Royal Road Minerals Ltd (CVE:RYR) said it has closed its financing under a prospectus dated July 29, 2020, which was filed with and accepted by the TSX Venture Exchange, on August 4, 2020, for gross proceeds of $11,552,325 (including the full exercise of the overallotment option).

1933 Industries Inc. (CSE:TGIF)(OTCQX:TGIFF), a vertically-integrated cannabis consumer packaged goods company, has announced the grant of 9,200,000 incentive stock options to its directors, officers, consultants and/or employees under the company's stock option plan. The options are exercisable for a period of five years at a price of $0.075 per share and will be subject to certain vesting restrictions. The company also said that recently, around 6,600,000 options expired unexercised in accordance with the terms of its stock option plan.

Binovi Technologies Corp. (CVE:VISN) (OTCMKTS:BNVIF) has announced that in light of the latest developments, its executive chairman Terry Booth will host a special investor conference call to discuss the company's new direction. The call will be held on Tuesday, August 11, 2020, with Booth and CEO Adam Cegielski at 4.15pm EST (1.15pm PST). Conference dial-in details: Canada/USA TF: 1-800-319-4610; International Toll: +1-604-638-5340; Germany TF: 0800-180-1954. Callers should dial in 5 - 10 min prior to the scheduled start time and simply ask to join the call. Conference replay: Canada/USA TF: 1-800-319-6413; International Toll: +1-604-638-9010; Replay Access Code: 5088

Helix Technologies, Inc, (OTCQB:HLIX), the leading provider of critical infrastructure services to the legal cannabis industry, announced that its financial results for the second quarter of fiscal year 2020 will be available on Friday, August 14, 2020, and the company will host a conference call at 4.30pm. eastern time on Monday, August 17 to discuss the financial results and the company's positioning for growth for the remainder of 2020 and beyond. There will be a live Q&A following the presentation portion of the call. Investors are also encouraged to submit questions via email prior to and during the call by emailing ir@helixtechnologies.com. Details for the call are: Attendee Dial-In: 785-424-1673 or 888-632-3385; Passcode or ID: 33895

VolitionRx Limited (NYSEAMERICAN:VNRX) has said it will host a conference call on Friday, August 14, at 8.30am Eastern Time to discuss its financial and operating results for the second quarter 2020, in addition to providing a business update. Cameron Reynolds, VolitionRx's president and chief executive officer, will host the call along with David Vanston, chief financial officer and Scott Powell, executive vice president, Investor Relations. The call will provide an update on recent developments and Volition's activities, including details of new and ongoing clinical trials, important events which have taken place in the second quarter of 2020, and milestones for 2020 and beyond. Dial-in details: US & Canada 1-877-407-9716 (toll free); UK 0800 756 3429 (toll free); Toll/International: 1-201-493-6779; Conference ID: 13707978. A live audio webcast of the conference call will also be available on the investor relations page of Volition's corporate website at http://ir.volition.com. In addition, a telephone replay of the call will be available until August 28, 2020. The replay dial-in numbers are 1-844-512-2921 (toll-free) in the US and Canada and 1-412-317-6671 (toll) internationally; replay pin number 13707978.

Mota Ventures Corp. (CSE:MOTA) (FSE:1WZ:GR) (OTCPINK:PEMTF) ) announced that it has signed an agreement with Loricom Inc. (dba Rosen Group), an investor relations and public relations firm. The group said it has engaged Rosen Group for a four-month period from June 15, 2020, to October 15, 2020, in consideration for a monthly retainer of US$5,000. Following the initial four-month period, the agreement then converts to a month by month basis with a 15-day termination notice. Rosen Group will execute investor relations services and a public relations campaign with a focus on the US market.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of XPhyto Therapeutics Corp. named herein, including the promotion by the Company of XPhyto Therapeutics Corp. in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Luminex Resources CEO says stay tuned for drill results out of its Condor...

Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) CEO Marshall Koval tells Proactive the Vancouver-based mining company is making progress on its Condor Gold-Copper Project in Zamora-Chinchipe Province, southeast Ecuador. Koval says the group has advanced metallurgy at the site, continuing to...

3 hours, 58 minutes ago

20 min read