NA Proactive news snapshot: Biocept, Ready Set Gold, Contakt World, KushCo Holdings, Rideshare Rental 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

Biocept Inc (NASDAQ:BIOC) CEO Michael Nall told shareholders that the biotechnology group is “well positioned” to grow its liquid biopsy oncology business in 2021. In a letter to shareholders released on Tuesday, Nall wrote that the San Diego-based group will grow its core business while continuing to offer RT-PCR testing for COVID-19, which began last year. “Oncology testing is our foundation for long-term success. We are proud to provide critical information to help physicians select the optimal treatment for their patients with cancer,” Nall wrote to investors.

Ready Set Gold Corp (CSE:RDY), a junior gold exploration company, provided Tuesday an update from its 2020 fall exploration program on the Northshore Gold project near Schreiber, Ontario. Results confirm the gold mineralized system in the No 4 Vein, and indicate a potential extension of the No 5 Vein. The company said the fall exploration was a follow up to work completed in July 2020. Previously reported highlights from the July sampling and mapping included high-grade gold values from quartz veins, both within and outside of the Afric deposit.

Contakt World LLC, a technology company modernizing public health and safety, has named human-centered design expert Deepti Pahwa as its chief innovation officer as the company develops its coronavirus contract tracing platform. Pahwa has more than 15 years of experience working on product and consumer experience design with global brands such as Calvin Klein, Swatchgroup, Swarovski and Zalando.

Roth Capital analysts increased their target price on shares of KushCo Holdings Inc (OTCQX:KSHB) to $2.25, while reiterating their Buy rating, saying the company’s 1Q 2021 financial results displayed progress on key initiatives with operating fundamentals moving in the right direction. The analysts noted that KushCo’s revenue of $26.8 million was in line with its lowered estimates and the company managed positive $0.5 million in adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization, or AEBITDA), despite industry challenges that impacted its gross margins.

Rideshare Rental Inc (OTCMKTS:YAYO), formerly YayYo Inc, announced Tuesday that John Gray, the principal of one of the company's largest shareholders, the Gray Mars Venus Trust, Arizona 2015, has agreed to loan the company $500,000, in exchange for a convertible note. The Beverly Hills, California-based company said the loan from Gray would finance the company’s growth strategy and be used as working capital.The note will mature after 12 months and the loan will bear interest at a fixed rate of 6%. If the debt represented by the note is converted by Gray, either in whole or in part, into shares of YAYO stock, those shares will have registration rights, said the company.

BioSig Technologies, Inc. (NASDAQ:BSGM) has announced that its PURE EP System has been installed and first patient cases conducted at Memorial Hospital of South Bend, part of Beacon Health System in South Bend, Indiana. In a statement, Kenneth L. Londoner, chairman, and CEO of BioSig Technologies said: “We are very pleased to commence our clinical operations at Memorial Hospital, an outstanding clinical site that is recognized nationally for its commitment to high-quality care and innovation. As we continue to learn more about the coronavirus and its detrimental effects on cardiovascular health, we realize that treating heart rhythm disorders has never been more important."

American Manganese Inc. (CVE:AMY) (OTCPINK:AMYZF) (FRA:2AM) has said that the Wenden Stockpile testing project, funded by the United States Defense Logistics Agency (DLA), is underway and on schedule. The company noted that at the end of December 2020, approximately 550 pounds of representative stockpile surface samples were collected from the National Defense Stockpile in Wenden, Arizona and received in Richmond, British Columbia by American Manganese's contract R&D lab, Kemetco Research. The material from the Wenden Stockpile is comprised of different styles of mineralization, which are marked and tagged by their source location for detailed analysis. Using American Manganese's patented manganese recovery process, the initial testing steps include assaying and varying size reductions of the sample material to analyze leach conditions and establish realistic limits for selective manganese extraction and recovery.

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) said it is collaborating with online smoking supply retailer DankStop to enter the US market by leveraging CannMart.com’s proprietary VendorLink platform. The Toronto-based company said that its online cannabis platform CannMart is targeting to go live in the US by the end of the current fiscal quarter.

Vuzix Corporation (NASDAQ: VUZI), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is attending the Consumer Electronics Show, which is being held virtually this week from January 12 to January 14. Vuzix will be holding meetings with interested resellers, OEMs and partners to discuss its next generation smart glasses (NGSG). One of the company's main focuses at CES this year is supporting medical, industrial and enterprise customers that have and continue to adjust to new ways of doing business that are in many respects becoming the future of how things will get done. Using smart glasses is not just about solving short-term COVID-19 safety problems, but also about how to conduct business more efficiently. 

Recruiter.com Group Inc (OTCQB:RCRT) has unveiled a new on-demand virtual training program to help career changers break into the world of virtual recruiting. "Recruiter.com has already helped thousands of people learn to recruit with its self-paced Recruiter Certification Program," said CEO Evan Sohn in a statement on Tuesday. "Given the strong trends towards the on-demand, gig economy and the unprecedented hiring that will be taking place after the pandemic, we launched Recruiter.com Academy to capitalize on this opportunity fully. The company said the Recruiter Academy expands its training offering from a self-service content-driven experience to a world-class program with live instructors, guided assignments, and hands-on one-on-one training.

Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) (FRA:X6C) reported that ongoing reverse circulation (RC) drilling in the Gold Box Canyon, Merritt, and Good Hope Mine areas at its Pamlico gold project in Nevada has revealed shallow oxide gold mineralization that covers an area of approximately 0.75 square kilometers across the Pamlico District. The company noted that the current drill results, which included 3.05 meters averaging 4.3 grams per tonne (g/t) gold together with all its previous drilling and underground sampling, continue to indicate that oxide gold mineralization at Pamlico occurs in a large, near surface, shallow-dipping to nearly flat, laterally-extensive structural zone. 

NEXE Innovations Inc (CVE:NEXE), a leader in plant-based compostable technology and advanced materials innovation, announced that it has launched XOMA Superfoods, its new in-house coffee and superfoods brand, soon to go live at www.xoma.ca. The British Columbia, Canada-based company said XOMA - derived from the Greek word for soil - allows the company to meet its “sustainability mandate,” while providing its customers with the “highest quality coffees and superfoods.” NEXE plans to launch the first stock-keeping unit (SKU) under the XOMA Superfoods brand, a soluble micro-ground coffee fortified with MCT oil packaged in the NEXE Pod, as a pilot in late January 2021. "XOMA Superfoods is the next logical step for NEXE," said NEXE Innovations CEO Darren Footz.

African Gold Group Inc (CVE:AGG) (FRA:3A61) has delivered projects worth over US$50,000 to aid local communities in the Kobada region in Mali, it said, as the company updated on corporate social responsibility (CSR) activities it carried out in the fourth quarter of 2020. The firm's flagship asset is the advanced Kobada gold project where it aims to produce 100,000 ounces a year by the second quarter of 2022. These CSR projects are part of the Africa - focused group's overall environmental and social management plan (ESMP) and are just one part of a more focused, longer term plan, it told investors in a statement.

Bragg Gaming Group Inc. (CVE:BRAG) (OTCMKTS:BRGGF) said that Canadian publishing magnate and former chair of Ontario Lottery and Gaming Corp, Paul Godfrey has been appointed to its board of directors effective from today. “Paul’s extensive experience in the media, gaming and sports worlds will be invaluable as we move forward with our rapid growth plans,” noted Adam Arviv, CEO of Bragg Gaming in a statement. “We’re extremely pleased to have him join the championship team that we’re building and look forward to his guidance. The company said Godfrey’s experience in the Canadian gaming industry will also prove valuable as the Canadian government moves forward with their recently announced proposed federal legalization of single-event sports betting. He will guide Bragg’s strategy in this evolving market.

BetterLife Pharma Inc (CSE:BETR) (OTCQB:BETRF) (FRA:NPAU) told investors Tuesday that the firm’s plans for 2021 hinge on developing three novel therapeutic products, which address “significant unmet needs” with multi-billion dollar market potential. “The last six months of 2020 have been very transformational for BetterLife, filled with milestones, an appreciating stock price and the development of a future roadmap to increase growth and shareholder value,” said BetterLife CEO Ahmad Doroudian in a corporate update. “We are aggressively developing cutting edge next generation psychedelic products, such as TD-0148A, to become a leader in an emerging market with a projected $6.85 billion value by 2027 alone.”

Gungnir Resources Inc (CVE:GUG) (OTCPINK:ASWRF) (FRA:AMO1) has said it plans to re-start exploration at its key Knaften project in Sweden in the second quarter of this year as the firm also revealed it had expanded the size of the property by 75%. The company has been granted new permits such that the site now comprises 4,887 hectares (nearly 50 square kilometres), adding significantly to the potential of its intrusion-hosted gold target and the project now covers all of this 4 kilometres (km) by 5km prospective area. The source of the gold here is thought to have been partially identified at the company's Knaften 300 target, where drill assays have included 14.07 grams per ton (g/t) gold over 4.25 metres (m), but Gungnir reckons there is more gold to be found in situ.

NexTech AR Solutions Corp (OTCQB:NEXCF) (NEO:NTAR) (FRA:N29) reported record bookings for its augmented reality (AR) and virtual experiences services in the fourth quarter and fiscal 2020 in a preliminary update released Tuesday. The company saw bookings worth C$7.3 million in the quarter, up 275%, almost 4 times, compared to the fourth quarter of 2019. For the year, bookings totaled more than $20 million, a 235% increase, year-over-year.  NexTech attributes its growth to new Fortune 1000 customer acquisitions, including Amazon.com Inc (NASDAQ:AMZN) (FRA:AMZ), Northwell Health, Boehringer Ingelheim, Dell Technologies Inc (NYSE:DELL) (FRA:12DA), Bell Canada, TELUS Corporation (TSE:TO) (NYSE:TU), Himmel GMBH, Grundfos, UNESCO, Leadiant Bioscience, Johnson & Johnson (NYSE:JNJ), Restaurants Canada, Ryerson University, Carnegie Mellon University and others.

Talon Metals Corp (TSE:TLO) (OTCMKTS:TLOFF) (FRA:TAO) revealed new drill results from its Tamarack nickel project showing thick, high-grade mineralization. One drill hole intersected 8.4 metres (m) at a grade of 8.2% nickel, 3% cobalt, 0.6 grams per ton (g/t) palladium, 0.6 g/t platinum and 0.2 g/t gold, or 9.8% nickel equivalent, starting at 414.7m. Located in Minnesota, Tamarack is a 124-square-kilometre asset that boasts over 18 kilometres of strike length, with numerous high-grade intercepts outside the current resource area. Talon is in a joint venture there with mining giant Rio Tinto PLC (LON:RIO), where the smaller firm can earn up to a 60% stake. 

Mind Medicine (MindMed) Inc (NEO:MMED) (OTCQB:MMEDF) (FRA:MMQ) announced Tuesday an innovative randomized placebo-controlled study evaluating the effects of daytime and evening administration of low doses of LSD. The company said the study will look at how the low dosages affect cognitive performance, sleep quality, mood, neuroplasticity markers, emotion regulation, quality of life, and immune system response. The study also will provide an additional research pathway for MindMed's psychedelic Microdosing Division and will immediately integrate with MindMed's plans in digital therapeutics through its newly formed Albert unit for digital medicine. 

Bam Bam Resources Corp (CSE:BBR) (OTCPINK:NPEZD) (FRA:4NPB) has increased its ground at the flagship Majuba Hill project in Nevada by 75% by adding 168 new mining claims and over 600 acres of private mineral and surface rights.  "I am pleased that we have been able to expand the Majuba Hill Project to over 13 square miles (approx. 34 square kilometers)," said David Greenway, the group's CEO, in a statement. "This substantial increase to our land package continues our strategy of turning Majuba Hill into a much larger and established, district-size porphyry project. The goal is to continue to step out and find the true depth and size of the deposit."

HempFusion Wellness Inc (TSX:CBD.U) announced Tuesday that it has received USDA Organic Certification for its HempFusion CBD tinctures. The company said the products range in potency from 150mg (5mg per serving) to 1,500mg (50mg per serving) of CBD per bottle, making HempFusion one of the first publicly traded CBD companies to achieve such USDA distinction. “Our team has worked meticulously to earn USDA Organic Certification, which supports our commitment to providing consumers with premium and differentiated CBD products as well as new potential distribution points,” said CEO Jason Mitchell in a statement. “This prestigious certification joins our many other compliance markers, further establishing HempFusion as a leader in the premium CBD category.”

Lexaria Bioscience Corp (NASDAQ:LEXX) (NASDAQ:LEXXW) (CSE:LXX) said its common stock and warrants will begin trading Tuesday (today) on the Nasdaq Capital Market under the ticker symbols 'LEXX' and 'LEXXW.' In addition, the company also announced the pricing of an underwritten public offering that could raise up to about $11 million and intends to use the net proceeds for research and development studies, patent and legal costs associated, and general working capital purposes. Under the scheme, Lexaria is offering 1,828,571 units, with each unit consisting of one share and one warrant to purchase one share at US$5.25 per unit. The shares of common stock and warrants comprising the units are immediately separable and will be issued separately, but will be purchased together. 

Goldcore Resources Ltd (CVE:GEM) (FRA:BK2P) has said it looks forward to an estimated 500% forecasted increase in demand for graphite as the world’s auto manufacturers turns towards electric vehicles (EVs). The company noted that graphite is one of the main minerals used in Lithium-Ion batteries and pointed out that Tesla CEO Elon Musk confirmed this point in a recent interview, saying: “Our batteries should be called Nickel-Graphite because it's mostly Nickel and Graphite.” Goldcore said this projected increase in demand for graphite will bode well for graphite explorers and producers that have the correct type of graphite that makes up the anode, the negative side, in Batteries. Electric vehicle batteries require very specific unique types of graphite.

Nomad Royalty Company Ltd (TSE:NSR) (FRA:IRLB) revealed it has acquired a 0.21% net smelter return (NSR) royalty on the near 'shovel-ready' Blackwater gold project in British Columbia for around US$3 million in cash and shares. The property is owned and operated by Artemis Gold (CVE:ARTG) and a definitive feasibility study (DFS) is currently underway and scheduled for release in the middle of this year, with a construction start planned for the second quarter of 2022, and anticipated production earmarked for 2024.

First Cobalt Corp (CVE:FCC) (OTCQX:FTSSF) (FRA:18P) reported that it has a signed a supply agreement with Glencore AG, along with a tentative pact with a unit of China Molybdenum Ltd (CMOC), in which First Cobalt will receive 4,500 tonnes of cobalt hydroxide per year from the Democratic Republic of the Congo for use in its northern Ontario refinery beginning in 2022. First Cobalt said its refinery, once operational, will be North America's only producer of cobalt sulfate for the electric vehicle (EV) market. 

PyroGenesis Canada Inc (TSX:PYR) (OTCQB:PYRNF) (FRA:8PY), the high-tech plasma focused group, expects to see an uplift in revenue and earnings per share (EPS) in its fourth quarter to December 31 and for full-year 2020.  Releasing guidance figures on Monday, the group said it expects revenue of between C$3 million and C$5 million for the fourth quarter and between C$14 and C$16 million for 2020 as a whole. That compares to revenue of C$1.07 million in the fourth quarter of 2019 and C$4.8 million for the full year 2019.

PyroGenesis Canada also announced that it intends to implement a normal course issuer bid (NCIB) through the facilities of the Toronto Stock Exchange or alternative trading systems. Under the NCIB, PyroGenesis may purchase, from time to time, over a period of 12 months starting January 14, 2021, and ending January 13, 2022, up to 5,000,000 common shares (approximately 3.14% of its common shares issued and outstanding as of January 4, 2021). As of January 4, 2021, there were 159,145,992 common shares of PyroGenesis issued and outstanding. On any given day, during the NCIB, PyroGenesis may only purchase up to 83,342 common shares, which is equivalent to 25% of the Average Daily Trading Volume of 333,370 calculated based on the trading volumes on the TSX from November 20,, 2020 (being the first day PyroGenesis was listed on the TSX) to December 31, 2020. All purchases will be made through Pollitt & Co. Inc. acting on behalf of the company.

Micron Waste Technologies Inc. (CSE:MW) (OTCQB:MICWF) has changed its name and symbol to Beyond Medical Technologies Inc. (OTCQB:DOC) (CSE:DOCT)and DOCT, respectively. Shares will begin trading under the new name and symbol and with a new Cusip number on January 12, 2021.

KULR Technology Group, Inc. (OTCQB:KULR), a leading developer of next-generation thermal management technologies, has announced that it will be presenting at the MoneyShow Accredited Investors Virtual Expo taking place on January 26-28, 2021. KULR CEO and co-founder Michael Mo will deliver an overview of the company and an update on recent strategic developments to a live, virtual audience on Tuesday, January 26, 2021, at 10.05am EST / 7.05am PST. To listen to the live webcast, investors will need to register for the MoneyShow Accredited Investors Virtual Expo at the following link: https://online.moneyshow.com/2021/January/accredited-virtual-expo/registration/. Once registered, investors can access the MoneyShow Accredited Investors Virtual Event platform beginning the morning of January 26, 2021. here: nline.moneyshow.com/2021/january/accredited-virtual-expo/platform/login/

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