A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
(, ) said it has entered into a strategic collaboration agreement with JB Poindexter & Co. business unit, EAVX to develop next-generation commercial trucks that use alternative fuels. The collaboration will integrate EAVX bodies with the existing Vicinity bus and truck motor chassis. Vicinity Motor, a leading supplier of electric, CNG, gas and clean diesel vehicles, aims to lead the global transition to more sustainable vehicles by expanding existing product lines and creating solutions for new customer segments. “Vicinity has strong engineering and manufacturing expertise, and we believe that it is a natural transition to modify our proven electric bus chassis to accommodate walk-in van applications,” the company’s CEO William Trainer said in a statement. “Additionally, we believe there is significant demand through our existing municipal customer base for work truck solutions leveraging our new VMC 1200 Class 3 truck.”
(, ) said it has now finalized the option deal to buy an 80% stake in the Centremaque property, which sits on the company’s Alpha project in Val-d’Or, Québec. The junior explorer originally struck a deal with Golden Valley Mines and Royalties Ltd over the asset in April 2017, which included that O3 must spend C$4 million in eligible expenditures over four years from that date. The deal was amended in September this year, such that the O3 Mining subsidiary was allowed to satisfy a shortfall of C$209,460 in required expenditures by issuing shares to Golden Valley instead.
Todos Medical Ltd has provided an update on its coronavirus (COVID-19) oral antiviral 3CL protease inhibitor Tollovir clinical development program, which is currently enrolling in a Phase 2 clinical trial in hospitalized patients at Shaare Zedek Medical Center in Jerusalem. The company said it has begun a thorough re-evaluation of outpatient trial designs to provide the fastest path to bring Tollovir to market in the outpatient setting given the now significantly lower-than-expected patient enrollment threshold required to demonstrate efficacy. Todos’ decision comes after Data Safety Monitoring Board (DSMB) overseeing Merck’s trial, in consultation with the US Food & Drug Administration (FDA), stopped enrollment after an interim analysis of 775 patient revealed a 50% reduction in the risk of hospitalization and death in unvaccinated outpatient COVID-19 patients recruited into Merck’s Phase 3 clinical trial within five days of symptom onset.
() said it had now completed its previously announced acquisition, from an arm’s length seller, of an existing 5% net smelter return royalty on the South Domes portion of the Castle Mountain Gold mine in California – soon to be one of the USA’s largest gold mines. On closing, Metalla paid US$10 million in cash to the seller with the remaining US$5 million to be paid within 20 months from closing, bearing interest at 4% a year. As reported in September 2021, the Castle Mountain mine is owned by () Corp and the total consideration for the royalty was US$15 million in cash. Metalla also reported that it had completed its previously announced drawdown of a further C$3 million under its existing amended and restated convertible loan with Beedie Capital, which was partly used to fund this acquisition.
ImagineAR Inc said it has released two new major product platforms that include significant enhancements and improvements to deliver optimal fan and consumer experiential engagements around the world. The Vancouver-based company said the releases include the new ImagineAR software development kit (SDK) 1.4 and ImagineAR Cloud 1.3. “Our technical team has worked many months to redesign the entire AR cloud architecture to deliver clients higher global performance, flexibility, and enhanced user augmented reality experiences and immersion,” CEO Alen Paul Silverrstieen said in a statement. “We expect to leverage this major new global architecture in a number of consumer project opportunities. Our AR platform and SDK are one of the most advanced technologically and patented in the global augmented reality industry today.”
(, ), the plant-based baby, toddler and children nutrition company, announced that is has been approved for Kroger Ship, an e-commerce service which enables Kroger to ship to customers anywhere nationwide – even where Kroger does not operate physical stores. Launched by Kroger in 2018, Kroger Ship provides Kroger customers with shipments to their doorstep from coast to coast, delivered as quickly as the next day and often with delivery through the US Postal Service or through (). The company said the launch on the Kroger Ship platform allows Else plant-powered products to be soon available on both Kroger.com and Vitacost.com, Kroger’s e-commerce platform which primarily ships vitamins, supplements and organic grocery products. Else will be featured on the platform with three products: Else Plant-Based Complete Nutrition for Toddlers, and Else Kids Shake Mix in Chocolate and Vanilla.
Heritage Cannabis Holdings Corp said its Opticann subsidiary has signed two agreements with a pair of well-established Australian companies for the supply of medical cannabis products. The company noted it recently completed the first shipment of medical cannabis CBD/CBDA filmstrips totalling $60,000, which were formulated with Heritage CBD raw material and manufactured using IntelGenx VersaFilm technology. “As we continue to grow our market and brand distribution in Canada, it is important for us to monitor and act on new markets with a strategic approach in order to capitalize on new market opportunities,” Heritage Cannabis Holdings CEO David Schwede said in a statement.
MGX Minerals Inc has further updated on its nuclear fuel activities, saying it has now identified the best candidate as a standardized fuel for small modular nuclear reactor (SMR) market. The materials and technology group has been analyzing an internal and external design study of fuel for use in land energy and long-range space flights. In a statement, MGX revealed that it has now “determined that a TRIstructural-ISOtropic particle fuel (TRISO) pellet provides the best candidate for a standardized fuel for the SMR market”. It added: “The preferred feedstock for this fuel type pellet is a high assay, low enriched uranium feedstock due to the inherent cost and supply chain benefits.”
TPCO Holding Corp, aka (, ), said it signed definitive agreements to acquire 100% of the equity of Coastal Holding Company, LLC, a California retail dispensary and delivery operator. The deal will see TPCO pay $16.2 million in cash with contingent consideration of up to $40 million in equity of (, ) upon completion of milestone events; as well as a $9 million option to acquire the remaining equity of a southern California dispensary that Coastal currently holds a minority interest in. Based in Santa Barbara, Coastal was established in 2018 and serves as a retail dispensary license holder and operator with six retail licensed locations and two delivery depots.
(, ) Micro Systems Inc. has announced several favorable developments regarding the introduction to market of its Phantom electronic battlefield decoy. Phantom is a programmable radio frequency (RF) generator that can mimic the electronic communications of NATO forces, thus fooling adversaries as to their location. Phantom also provides the ability to see radio frequency energy of both adversaries and friendly forces and gives the user a high-fidelity planning capability for optimal placement for maximum effectiveness. Finally, Phantom provides a training function that allows NATO forces to “practice” operating in Electronic Warfare (EW) environments.
() told investors that its sales force expansion was paying off, as the company had won approval to supply its CompuFlo Epidural and CathCheck Verification System disposables across Florida’s renowned Memorial Healthcare System network of hospitals. The company, which has developed instruments that provide painless and precise injections, also reported that the flagship institution – the Memorial Regional Hospital in Hollywood – had begun using its CompuFlo Epidural Instrument. The US state’s Memorial network includes the Joe DiMaggio Children’s Hospital, Memorial Regional Hospital South, Memorial Hospital West, Memorial Hospital Miramar and Memorial Hospital Pembroke. “We are excited to receive this approval for use of our CompuFlo Epidural and CathCheck Verification System disposables within Memorial Regional Hospital,” said Arjan Haverhals, the CEO of Milestone Scientific, in a statement.
Esports Entertainment Group Inc has said its EEG Labs subsidiary will partner with Alpha Esports Tech Inc (Alpha Tech) to develop a new computer vision tech system that will allow Alpha Tech’s online platform, GamerzArena, to conduct automated scoring for popular games such as Call of Duty and Fortnite. Esports Entertainment noted that the computer vision tech simplifies match scoring and allows GamerzArena to detect many common types of fraudulent activity, such as falsifying game outcomes. “Partnering with EEG Labs to design a computer vision tech will push GamerzArena to the next level,” Esports Entertainment Group interim CEO Matthew Schmidt said in a statement.
() Ltd, released results from its ongoing fully funded $45 million 2021 exploration program at its flagship Dixie project in the Red Lake district of Ontario. The program includes seven new drill holes which are representative of deeper LP Fault mineralization across a broad area of 1.4 kilometers of strike length between approximately 450 and 750 meters downhole depth. Going forward, deeper drilling will continue along an additional 2.6 kilometers of strike length during the ongoing Phase 2 program.
., formerly P Squared Renewables Inc. (PSQ), has announced receipt of the final exchange bulletin dated October 1, 2021, issued by the TSX Venture Exchange related to the completion of its qualifying transaction. As reported previously, the qualifying transaction involved the merger of publicly-listed capital pool company PSQ, and private group . through a reverse takeover. It involved a three-cornered amalgamation and share exchange effective among PSQ, 1266855 BC Ltd., a wholly-owned subsidiary of PSQ, and Universal Ibogaine. PSQ subsequently changed its name to . on September 15, 2021, and is the resulting issuer to be listed on the TSX Venture Exchange. Resumption of trading in the common shares of Universal Ibogaine is scheduled to commence on October 5, 2021, said the company.
Empower Clinics Inc said its wholly-owned subsidiary Medi+Sure Canada Inc has entered into a pilot agreement with the Care Group of Pharmacies to carry MediSure diabetes management medical devices in their pharmacies. The integrated healthcare company said the products include MediSure’s best-in-class blood glucose monitoring (BGM) products, test strips and other items that positively impact the daily lives of many Canadians. “We only recently completed the acquisition of Medisure, and with additional resources and access to our pharmacy network, the MediSure team are securing new opportunities that provide immediate increased shelf-space, new orders and increased revenue,” Empower chairman and CEO Steven McAuley said in a statement. “By working with Care Group, we are connecting sought-after diabetic management products with a robust network of independent pharmacists from coast to coast.”
() has announced that, in conjunction with its sponsored research partnership with Purdue University, it successfully achieved a high purity of lithium, nickel, and cobalt from recycled batteries sourced from the manufacturing process of electric vehicles. The company said it utilized its displacement chromatography technology to achieve the results — more than 99.5% purity. “Earlier this year we showcased our ability to produce a very high purity of the rare earth metal neodymium from recycled rare earth magnets and now with these results, we have showcased how we can effectively and economically isolate lithium, nickel and cobalt to be recycled for new battery production,” said American Resources CEO Mark Jensen in a statement.
First Mining Gold Corp said it has entered into an earn-in agreement with () that consolidates its property holding in the Birch-Uchi Greenstone Belt in northwestern Ontario. Under the agreement, reached through its wholly-owned subsidiary (), First Mining may earn up to an 80% interest in Pelangio’s Birch Lake and Birch Lake West properties over two stages spanning six years. The Birch Lake properties, covering approximately 3,700 hectares, include the High Grade Island prospect, which is located to the northeast of First Mining’s Springpole Gold Project. With the addition of the properties, the company now controls close to 70,000 hectares in the Birch-Uchi Greenstone Belt. “Despite being explored since the 1980s and with demonstrated high-grade drill intersections of up to 245 grams per ton (g/t) gold, High Grade Island has been underexplored relative to other high-grade camps in the belt and will be a priority target for us as we embark on our first broader regional exploration program next year,” CEO Dan Wilton said in a statement.
BioHarvest Sciences Inc said it has closed its second and final tranche of the private placement which was previously announced on August 4, 2021. The private placement saw the company issue a total of 7,781,375 units for proceeds of C$3,501,619 with net proceeds of C$3,484,849 after the payment of commissions and finders fees totaling C$16,770. Each unit consists of one common share priced at C$0.45, and one half of a purchase warrant with each whole warrant entitling the holder to purchase an additional common share for C$0.55 for up to one year.
INDVR Brands Inc has reported that effective immediately, Alnoor Nathoo is stepping down from its board of directors to pursue other opportunities. “I have greatly enjoyed working with the INDVR team as a director,” Nathoo said on announcing his departure. “While I will no longer have the capacity to serve as a director, I look forward to following the company as it pursues its US growth strategy.” The company thanked Nathoo for his years of service and contributions during his tenure as a director of the company. It said it intends to appoint a replacement for him in due course.
(, ) Inc. has announced the appointment of a new independent board member, Roy McDowall. Francois Perron, (, ) president and CEO commented: “We are extremely pleased to be adding Roy’s expertise to our team at this very important stage of exploration.” McDowall is a capital markets professional with over 25 years of experience with Canadian-based boutique and bank-owned investment firms, and most recently served as managing director, head of Equity Sales for Macquarie Capital Markets Canada. He also held similar positions with Credit Suisse, CIBC World Markets, Orion Securities and National Bank Financial and is currently head of Investor Relations and Communications at ()., a Montreal‐based mining company focused on operating and further developing the Oyu Tolgoi copper‐gold mine in Mongolia. The company also announced that subject to regulatory approval, it has granted stock options to acquire an aggregate of 7,755,000 common shares to directors, officers, employees and consultants of the company. The stock options, which are subject to the terms and conditions of the company’s stock option plan, are exercisable until October 1, 2026, to acquire common shares at a price of C$0.10 per share. In addition, subject to regulatory approval, the company has entered into shares for services agreements with respect to the debt restructuring under which it will issue an aggregate of 1,500,000 common shares for services valued in total at C$150,000.
(, ) Mining Inc. said the TSX Venture Exchange has accepted for filing a purchase and sale agreement dated August 27, 2021, between 99869 Canada Inc. (Peter Malouf) and (, )’s wholly-owned subsidiary, Epica Gold Inc., whereby the company has agreed to acquire certain property in Timmins, Ontario, comprising two parcels of fee simple lands consisting of eight patented mining claims and totalling approximately 320 acres. There is a 2% net smelter return royalty payable to the vendor, and Epica has the right to purchase 1% of the royalty for a payment of $2 million and the remaining 1% for a payment of US$3 million. Consideration payable to the vendor is an aggregate of $150,000 cash and 153,846 shares at a deemed price of $1.30 per share in the capital of the company.
Western Magnesium Corporation has announced an amendment to the amount of stock option previously granted for 900,000 shares. The company has granted an increased amount of 550,000 for an aggregated total of 1,450,000 incentive stock options pursuant to its Stock Option Plan for its directors, employees, advisors and consultants. The options are exercisable at a price of C$0.50 per share for a period of five years. Any shares issued on the exercise of these stock options will be subject to the holding period as required by the TSX Ventures as well as any additional hold periods as required by US securities laws and regulations. The stock option grant and amendment are subject to approval by the TSX Venture Exchange.
() has announced that it will be presenting at Red Cloud’s 2021 Oktoberfest Fall Mining Showcase. The annual conference will be a virtual event this year and will take place from October 18-20, 2021. Ralph Shearing , Altaley Mining CEO/president will be presenting on October 19, 2021, at 2.45pm Eastern Daylight Time. For more information and/or to register for the conference investors can use the following link: https://www.redcloudfs.com/oktoberfest2021/.
Phunware, Inc. said it will be holding a fireside chat with Steve Grasso, an advisor to the company, on Thursday, October 7, 2021, at 1.00pm ET. Phunware chief operating officer, Randall Crowder, will be hosted by Grasso to discuss Phunware’s outlook for 2021 leading into Q4, and provide further details on general business updates. The fireside chat will be broadcast live and available for replay via the investor relations section of the company’s website at investors.phunware.com.
(, ) has announced that its management will present at the LD Micro Main Event investor conference taking place October 12-14, 2021 in-person at the Luxe Sunset Bel Air in Los Angeles, California. The company said that Dr Rahul Kushwah, its chief operating officer is scheduled to host a presentation on Tuesday, October 12, 2021, at 2.00pm Eastern time (11.00am Pacific time) – Track 4 on the webcast at https://me21.mysequire.com/. He will also participate in one-on-one investor meetings throughout the day. A live audio webcast and archive of the event presentation will be available using the same link to the conference website.