NA Proactive news snapshot: CleanSpark, Micron Waste Technologies, Exactus, Telson Mining 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

CleanSpark Inc (NASDAQ:CLSK) announced Thursday that its wholly owned subsidiary GridFabric has finalized an OpenADR certification for Electriphi Inc, an award winning electric vehicle (EV) fleet charging and energy management company. Electriphi's charging management platform has now been added to the official list of OpenADR certified products, CleanSpark noted in a statement Thursday. GridFabric's Plaid product provides companies like Electriphi with the fastest way to get their platform OpenADR certified and be fully enabled to participate in utility load shifting programs throughout the country.

Micron Waste Technologies Inc (CSE:MWM) (OTCMKTS:MICWF) is stepping up in its fight to combat the spread of COVID-19. The Vancouver-based firm’s subsidiary Micron Technologies Inc said Thursday its British Columbia facility is operating near full capacity to manufacture ASTM Level Three face masks amid a second wave of coronavirus cases that has hit Canada in recent weeks. The firm said it is currently operating two manufacturing shifts and will be adding a third shift in coming weeks in an effort to meet the demand for face masks from end users, which include both municipal and provincial governments.

Exactus Inc (OTCQB:EXDI), a supplier of hemp-derived ingredients and feminized hemp genetics, revealed tenfold revenue growth and its first profitable quarter in its third-quarter results released after the bell Thursday. In the three months ended September 30, Exactus brought in revenue of $678,050, up from $60,153 in the third quarter of 2019. The increase was primarily attributable to a new customer who represented approximately 24% of the company's net sales in the quarter. Gross profit for the quarter was $114,529. The company attributed its first profits in part to a growing digital sales infrastructure and increased investment into its back-end systems. The company recently launched the Exactus Alibaba storefront, which has helped the company automate sales processes for scalable revenue growth. 

Telson Mining Corp (CVE:TSN) (OTCMKTS:SOHFF) (FRA:TSGN) Thursday announced that it has begun transporting ore from its Tahuehueto gold project in Durango, Mexico, to be processing at the Atocha toll mill, as part of a 3,500 tonne toll mill campaign. The company noted that around 3,000 tonnes of ore has been delivered to the Atocha mill to date, with processing scheduled to start within the next several days when the final available ore is received. Telson is expecting to recover gold, silver, lead and zinc, within a lead bulk concentrate.

Nomad Royalty Company Ltd (TSE: NSR) (OTCQX:NSRXF) and Coral Gold Resources Ltd (CVE:CLH) (OTCQX:CLHRF) announced Thursday that Nomad has completed its previously announced acquisition of Coral pursuant to a court-approved plan. Thus, Nomad acquired all of the outstanding shares of Coral, whose shareholders received for each Coral Share held C$0.05 in cash and 0.80 of a unit of Nomad. Each whole unit comprises one Nomad common share and one-half of a common share purchase warrant. Each full warrant entitles the holder to purchase one additional Nomad share at C$1.71 for a period of two years.

Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLUF) (FRA:CCY) Thursday announced it has granted a total of 5,000,000 stock options to its directors, officers and employees. Each option is exercisable at $0.215 per common share at any time until November 19, 2023. The company also said it has negotiated a debt conversion agreement with a non-arm’s length party, in which Ceylon Graphite has agreed to issue an aggregate of 697,674 common shares to the non-arm’s length party in exchange for the cancellation of $150,000 in debt owing to the party. The debt shares are being issued at a deemed price of $0.215.

Silver Range Resources Ltd (CVE:SNG) said it has received “promising” results from Rover Metals Corp (CVE:ROVR) for the first two drill holes at the Cabin Lake project in Canada’s Northwest Territories, which included 22.01 metres (m) of 7.94 grams per tonne (g/t) gold. Rover Metals has an option to acquire the Cabin Lake project, at which point Silver Range will retain a royalty on the property that includes advance royalty payments totaling $260,000.

Western Magnesium Corporation (CVE:WMG) (FRA:M1V) (OTCMKTS:MLYF) has said it continues to operate at full capacity during the current challenging times, made further complicated due to the resurgence of coronavirus (COVID-19) restrictions, and it is continually assessing timelines for the completion of the plant. The company noted that its internal timelines and work in the office and by its staff have not been impacted by any of the ongoing new restrictions and it is working diligently to overcome interruptions and slowdowns that suppliers it works with are facing. 

Phunware Inc (NASDAQ:PHUN) said it has secured a new Multiscreen-as-a-Service (MaaS) win that will give Virginia Hospital Center Health System (VHC) in Arlington, Virginia, a new digital front door on mobile in support of more than 850,000 square-feet of indoor medical space. “VHC is excited to work with Phunware to bring a myriad of services into one cohesive mobile app to the VHC community,” said Mike Mistretta, Vice President and Chief Information Officer, Virginia Hospital Center in a statement. “This technology will provide ease of access for our patients from scheduling appointments, getting care through remote telehealth services and messaging providers to helping patients navigate to scheduled appointments throughout the VHC campus. Our goal is to provide an enhanced level of convenience and care to our patients.”

Hill Street Beverage Company Inc (CVE:BEER) is strengthening its portfolio with the acquisition of Lexaria Bioscience Inc’s (CSE:LXX) THC-related assets in a C$3.85 million deal, the company announced Thursday. The transaction gives Hill Street exclusive global rights in perpetuity to Lexaria’s DehydraTECH technology to make products that contain THC and other psychoactive cannabinoids. The agreement also expands Hill Street’s license with Lexaria HempCo to make products that contain CBD on a global basis for 10 years. Toronto-based Hill Street and Lexaria also agreed to replace previous agreements with a global non-exclusive license that gives Hill Street the right to produce non-pharmaceutical CBD products with less than 0.3% THC using the DehydraTECH technology for a period of ten years in exchange for a yet-to-be determined royalty to Lexaria.

Bragg Gaming Group Inc (CVE:BRAG) (OTCMKTS:BRGGF) said its ORYX Gaming unit has struck a deal with SoftSwiss that will see ORYX’s exclusive RGS content go live on the supplier’s aggregation platform. In a statement Thursday, Bragg said that SoftSwiss will initially integrate ORYX’s proprietary titles and content from RGS studio partners GAMOMAT, Kalamba Games, Givme Games and Golden Hero, with games from CandleBets, Peter & Sons and Aracdem to follow. ORYX’s RGS offering provides operators with an extensive range of world-class titles that appeal to a wide audience of players.

Sanatana Resources Inc (CVE:STA) Thursday announced that initial grab sample results from its Gold Rush project in Ontario’s Timmins region have returned grades as rich as 27.3 grams per tonne (g/t) gold and 53.5 g/t silver. The company noted that first-pass surface sampling and prospecting has identified numerous gold bearing and gold/silver bearing quartz vein systems on the Gold Rush property. It also revealed that it has identified a new gold-bearing quartz vein named "DC".

Empower Clinics Inc (CSE:CBDT) (OTCQB:EPWCF) (FRA:8EC) said Thursday that its latest acquisition Kai Medical Laboratory is introducing its new KAI ABC RT-PCR test protocol that will differentiate between influenza A and B strains and COVID-19. In a statement, the Vancouver-based firm said the ability to differentiate between the viruses will be essential in the diagnosis and treatment of respiratory pathogens. Empower said the new test protocol should be ready to be rolled out in the first week of December, just in time for a recent 9,000-unit order for a film and television production that the company announced earlier in October.

New Pacific Metals Corp (CVE:NUAG) (OTCQX:NUPMF) (FRA:3N7) reported it has found high-grade gold and silver from exploration at its Silverstrike Project in Bolivia and is now pooling the data to identify initial drill targets. Recent fieldwork has included mapping and sampling focused on the Silverstrike Central and South areas of the project. In all, 452 samples were collected, including 441 channel chip samples and 11 mine dump grabs.

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF), a provider of contactless solutions and artificial intelligence, announced Thursday that it has signed a referral and partnership agreement with coronavirus (COVID-19) testing firm iSTOC Ltd in Finland, to create a robust test and trace platform. Loop's AI-powered data platform and iSTOC's front-end testing application will integrate to deliver a turn-key end-to-end COVID-19 management solution, the company said.

Mawson Gold Limited (TSE:MAW) (OTCPINK:MWSNF) (FRA:MXR) has hit more high-grade gold at its Joki East prospect at the Rajapalot project and said the area is 'shaping up' to be a fourth mineralized zone at the property in Finland. The latest hole at Joki East has intersected 1.6 metres (m) at 19.2 grams per ton (g/t) gold from 155m depth. This hole was drilled just 27m north-east from the discovery hole at Joki East, announced last week, which encountered 1.6m at 28.3 g/t of the yellow metal from 168.6m.

Predictmedix Inc (CSE:PMED) (OTCQB:PMEDF) has announced a tie-up with India's premier defence technology company in a bid to launch the Artificial Intelligence-focused workplace health firm's technology in the government and public sector in South Asia. Paras Defence & Space Technologies Ltd (PARAS) is already a registered vendor to almost all the government and public sector departments in India.

African Gold Group, Inc. (CVE:AGG) said updated results from its Phase 4 in-fill drilling campaign at the Kobada Gold Project in Mali has extended the depth of the oxide-sulphide boundary from 120 metres (m) to 190 m at the northern extensions of the main shear zone. Most recent drilling results continue to show extensions of the oxide orebody at depth, the group added, far deeper than expected with numerous high-grade gold intersections. Ongoing drilling continues to test strike, depth and plunge extensions of the mineralized system, it added.

AEX Gold Inc. (LON:AEXG) (CVE:AEX) has posted results for the third quarter ended September 30, 202, which it's boss said demonstrated the significant increase in activity across its portfolio as its business transitions towards development. Commenting in the results statement, AEX Gold CEO, Eldur Olafsson said: "Following the successful $72.7 million fundraise and AIM listing in July 2020, the Company was able to leverage its strong cash balance and the remaining months of Greenlandic autumn to front-end surface drilling initially planned for 2021. "Furthermore, the launch of the request for proposal process for underground development contractors, and front-end engineering and surface drilling all provided significant advancement to the project during Q3 and puts us in an excellent position ahead of our onsite development activities in 2021. We look forward to providing updates to the market on our many exciting workstreams in due course."

Lexaria Bioscience Corp (CSE:LXX) (OTCMKTS:LXRP) is getting out of the THC business in preparation for a US listing, it said Thursday. The biotechnology company has agreed to sell certain non-core, non-pharmaceutical THC-related assets owned by its subsidiary Lexaria Canpharm ULC for C$3.85 million to Hill Street Beverage Company Inc (CVE:BEER) (OTCMKTS:HSEEF), in which Lexaria owns a significant position. 

American Manganese Inc (CVE:AMY) (OTCPINK:AMYZF) (FRA:2AM) said Thursday it is advancing its lithium-ion cathode recycling technology (RecycLiCo) with support from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). The company’s announcement comes after it just closed the third and final tranche of its non-brokered private placement for $213,770, as part of an overall $1.54 million fund-raise. Proceeds will be used for the ReCycliCoTM pilot plant completion, proposed spin-out of the company's gold/copper and rare earth properties, as well as for general working capital. 

Tinka Resources Limited (CVE:TK) (OTCPINK:TKRFF) (FRA:TLD) Thursday said it has mobilized a third drill rig, which has begun drilling at its 100% owned Ayawilca zinc-silver project in Peru. The company noted that the overall drill program is about 30% complete, with 2,000 metres (m) having been drilled in the 2020 program that is currently targeting extensions of the zinc zone indicated resources at the West and South areas, the portions of the resource with the greatest thickness and the highest grades. Tinka expects to continue drilling until February 2021, when it will take a break to compile data and update the project resource estimations.

Walcott Resources Ltd. (CSE:WAL) (FRA:WR2) (OTCMKTS:WALRF) said it has engaged Geoff Reed of ReedLeyton Consulting of Jindabyne, New South Wales to act as technical advisor to the company. The company noted that the initial mandate will include reviewing all technical data compiled to date and to oversee exploration activities. Reed is a senior consulting geologist with a background in NI 43-101 technical reporting, mineral resource modelling, design and implementation of drilling programs, as well as mine site production and development reconciliation.

Maverix Metals Inc (NYSEAMERICAN:MMX) (TSE:MMX) (FRA:7781) announced Thursday that industry veteran Tara Hassan has been appointed to the board as an independent director, effective immediately.  Hassan currently serves as vice president, corporate development, at SilverCrest Metals Inc (NYSEAMERICAN: SILV) (TSE:SIL) (FRA:S0C) and has more than 15 years of experience in the industry, Maverix Metals said. Hassan has been extensively involved in mine operations, project development, capital markets, and mining technology. Prior to joining SilverCrest, she spent the majority of her career as an equity research analyst covering the precious metals sector, from early-stage companies to top producers, with a notable track record for identifying takeover targets. 

Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) is nominating experienced mining industry executive Paula Rogers to its board of directors and said it is staging a live webinar on November 30. Rogers has 25 years’ experience with international public companies and her roles have included vice president and treasurer with Goldcorp Inc and was treasurer with Wheaton River Minerals Ltd, where she completed over $3 billion of equity and debt-based project financings. Great Bear also said it had acquired a further claim package called the Red Lake North (RLN) property as part of its regional exploration. This spans 3,220 hectares of claims located in what are interpreted to be the Woman Lake and Flat Lake assemblages of the Balmer Sequence, around 70 kilometres northeast of Red Lake.

Media Central Corporation Inc (CSE:FLYY) (FRA:3AT) announced Thursday that its subsidiary NOW Magazine has published its annual edition of the Readers' Choice Awards, marking 25-consecutive years of the accolades. NOW's Readers' Choice is a chance for readers to share what they love about Toronto - from restaurants and retail stores to drag performers, parks and politicians. With the negative impact of coronavirus (COVID-19) on small and local businesses, Media Central said the issue is more important than ever, as it draws attention to the city's best-loved businesses and people. 

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) (FRA:8PY), which designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems, and plasma torch products, has received final approval to list its shares on the Toronto Stock Exchange. The company’s shares, which are graduating from the TSX Venture Exchange, will be listed for trading on the TSX at the opening of markets on November 20, under its current trading symbol “PYR,” PyroGenesis said Thursday.

Elys Game Technology, Corp. (NASDAQ:ELYS),  the interactive gaming and sports betting technology company formerly known as Newgioco Group, Inc.,  has provided details for its annual meeting of shareholders to be held on Friday, November 20, 2020, at 10.00am Eastern Standard Time at the company’s offices, 130 Adelaide Street West, Suite 701, Toronto, Ontario Canada. Given the coronavirus (COVID-19) situation, the company urges all shareholders to vote by proxy in advance of the meeting at www.proxyvote.com by entering the code provided with the proxy materials and for those who cannot attend, the meeting can be listened to through the live conference call coordinates as follows: Canada and US: +1-833-353-8610; Italy, Austria, U.K. and Switzerland: 00 800 0066 8888 Includes San Marino & Vatican City; Participant code: 3739385 #

Mineworx Technologies Ltd. (CVE:MWX) (OTCQB:MWXRF) announced that it will host a Zoom webcast and conference call to discuss the company’s recent announcement on the advancement to the pilot phase of its diesel catalytic converter recycling plant. Webcast and Conference Call Date: Tuesday, November 24, 2020; Time: 2.00pm MST (4.00pm EST) To preregister for the Zoom webinar, please click here: https://us02web.zoom.us/webinar/register/WN_4aANBDf1QDyr_veayQ8Rr. Interested parties can access the live Zoom webinar at the following telephone numbers in Canada: +1 778 907 2071, +1 204 272 7920, +1 438 809 7799, +1 587 328 1099, +1 647 374 4685' +1 647 558 0588; Webinar ID: 862 5535 2688; Participant ID: 390606; International numbers available: https://us02web.zoom.us/u/khRX0Savr. A recorded replay will also be available on the website shortly after the call concludes.

Nova Royalty Corp (CVE:NOVR) said the TSX Venture Exchange has accepted for filing documentation relating to a royalty purchase and sale agreement dated November 10, 2020, between the company and Longyear TM Inc., whereby the company has agreed to acquire an existing 2.4% net smelter return royalty (NSR) interest on approximately 18% of the Maturi and Maturi Southwest copper-nickel-platinum deposits (the Twin Metals project), located in Minnesota and owned by Antofagasta PLC. In consideration of the NSR royalty, an upfront cash payment of US$1.8 million and the issuance of 161,572 common shares of the company will be made on closing. Additional future payments of up to US$2 million in cash and up to US$2 million in common shares (based on a 20-day volume-weighted average price prior to issuance) are contingent upon certain milestones having been achieved.

Add related topics to MyProactive

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


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 named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


Phoenix Copper updates investors on Empire copper-oxide open pit

Phoenix Copper Ltd (AIM:PXC, OTCQX:PXCLF, FRA:5HR) CEO Ryan McDermott joined Proactive's Stephen Gunnion with an update on the company's Empire copper-oxide open pit and 2021 drilling program. McDermott telling Proactive that the construction of a permanent office in Mackay is a significant...

14 hours, 20 minutes ago

16 min read