NA Proactive news snapshot: Fireweed Zinc, Ready Set Gold, Todos Medical, Globex Mining Enterprises, AMPD Ventures UPDATE …

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Fireweed Zinc Ltd said it has struck a $15 million deal to acquire a new tungsten project immediately adjacent to its flagship Macmillan Pass zinc-lead-silver property in Yukon. The Mactung project is one of the largest tungsten deposits in the world, with historic 2007 indicated resources of 33 million tonnes grading 0.88% WO3 (tungsten trioxide) plus historic inferred resources of 11.8 million tonnes grading 0.78% WO3. Vancouver-based Fireweed hold a right to a 100% interest in the Mactung project through a binding letter of intent (LOI) with the Government of the Northwest Territories (GNWT).

Ready Set Gold Corp has provided a corporate and operational update relating to the activities of its restructured executive and board, Indigenous consultation process, and activities at the Northshore and Hemlo Eastern Flanks projects in northern Ontario, saying it has made “significant progress” in terms of defining a path forward to position the company for future opportunities. Of note, the precious metals exploration company said it has decided to complete an update on the historical mineral estimate at the Northshore project during the second and third quarter of 2022, after compiling all the fragmented historical work that occurred on the property from 1988 to 2022 into a comprehensive and complete database.

Todos Medical Ltd said its majority-owned subsidiary 3CL Pharma Ltd has reported a four-week update from a case study of its dietary supplement Tollovoid in a person suffering from Lng COVID symptoms including erectile dysfunction. The 36-year-old male subject originally contacted Covid-19 in December 2021 after being vaccinated earlier in the year. In January 2022 he received a booster shot, and while he felt 90% relief from his extreme fatigue, pins and needles tingling, GI tract issues, muscle twitches, frequent urination, erectile dysfunction, scrotal redness and inflammation, insomnia and anxiety were still prevalent.  

Globex Mining Enterprises Inc said drilling by its partner Orford Mining Corporation at the Joutel Eagle property in Quebec has confirmed the location of the historical South Gold mineralization system of the property. According to project operator Orford, two drill holes were completed across the northwest-trending South Gold mineralized system in an area of historical drilling where historical drill logs were stripped of assays. Highlights from the drill results include hitting gold mineralization 60 and 140 metres below surface and grades of up to 14.7 grams per tonne (g/t) over 0.64 metres (m), including an interval of 1.11 g/t gold over 20.64 m.

AMPD Ventures Inc said it has signed a deal with Variational AI Inc to increase the latter’s machine e-learning infrastructure hosted at AMPD’s DC1 sustainable data centre. The deal will nearly double the machine learning capacity supplied by the AMPD AI Platform to Variational, the developer of Enki, an artificial intelligence-powered small molecule discovery service designed to help discover new molecules for pharma research, the company said. “AMPD’s approach to solving these complex computing problems has been the main driver for Variational in deciding to not only adopt the platform but to now almost double our capacity,” said Variational AI co-founder and compute lead, Mehran Khodabandeh, in a statement.

Nevada Copper Corp has told investors it will reduce costs at its underground mine in the US state and said it is poised to receive a further US$20 million of funding amid operational challenges at the project. The miner’s largest shareholder Pala Investments has agreed to provide the financing as a promissory note, the company said. The company said challenges in the latter part of May this year are expected to delay stope mining in the East South mining area and result in reduced concentrate production for Q2. “These challenges have caused an expected delay of most of the stope ore production until August,” it added in a statement.

Gevo Inc said it has signed an agreement with Japan Airlines Co. Ltd (JAL) to sell it 5.3 million gallons of sustainable aviation fuel (SAF) per year for five years with deliveries expected to begin in 2027. The Colorado-based company said the agreement falls under the memorandum of understanding it signed in March 2022 with the oneworld airline alliance, of which JAL is a member, to lay the groundwork for associated world-class airlines in the alliance to purchase up to 200 million gallons of SAF from Gevo. The agreement with JAL will enhance Gevo’s global footprint for its sustainable fuel products, and also support Gevo’s efforts to pursue its stated goal of producing and commercializing a billion gallons of SAF by 2030, the company added.

Soma Gold Corp has announced that gold production at its El Bagre gold mine in Colombia reached a new monthly record, with 2,383 gold equivalent (AuEq) ounces produced and sold during May. The Colombia-focused gold producer noted that year-to-date production through to the end of May 2022 is 9% ahead of plan and 33% ahead of 2021 production. The company also announced that construction of its Cordero Mine is only several weeks away from reaching Level 5 of the planned 6 Levels and that stopes on Levels 2 and 3 are now in production. Additional development is underway on Levels 4 and 5, and new production stopes will be opened in the coming months, it added.

Victory Square Technologies Inc has told investors that 2022 has been a year of continued growth for the company, despite the decline in capital markets. Victory Square, which provides venture capital (VC) investment access to a diverse portfolio of next-generation technology companies within an audited, transparent and liquid investment vehicle, said its first-quarter performance demonstrates the power of its diversified portfolio during challenging times. It ended the three months to March 31, 2022, with an unaudited net asset value (NAV) of $99,861,912, a 52% improvement on the NAV of $65,503,828 it reported at the end of 1Q 2021. 

Bhang Inc, the cannabis CPG brand company, said it has partnered with Petalfast to expand its presence in California. Petalfast is a cannabis sales and marketing agency with decades of experience in adult beverages, consumer packaged goods and cannabis, Bhang noted. “We look forward to leveraging Petalfast’s expertise and network in California to further expand our ever-growing presence in the Golden State,” Jamie L Pearson, president and CEO of Bhang said in a statement. “Partnering with Petalfast makes us part of the agency’s winning portfolio of products. It allows us to focus on product innovation and marketing the brand, while Petalfast remains laser-focused on our growing sales pipeline,” he added.

South Star Battery Metals Corp has announced that it has signed a letter of intent with Graphex Technologies (OTCQX:GRFXY, HKG:6128) to jointly develop a manufacturing and processing facility for battery anode material. South Star said the parties intend to develop a definitive agreement by October 31, 2022, to share expertise and technology for the design, construction, and operations of the facility. It is expected that graphite feed stock will be provided by South Star’s Santa Cruz graphite mine in Brazil and its Ceylon graphite mine in the United States.

Versus Systems Inc said it has entered into a strategic partnership with experiential and digital marketing agency Innovative Group to support new client programs built upon the Versus XEO platform.  Under the deal, Versus will be working with Innovative Group’s newly formed Innovative New Media division to support the agency’s client portfolio, which include consumer packaged goods companies, retailers, spirits, professional sports teams, and automotive clients. Versus’ technology will bring to market Innovative’s OmniXP, enabling them to provide exclusive, unique experiences to clients, customers, and fans. OmniXP will be powered by Versus’ XEO Platform, a second screen gamified rewards platform currently leveraged by professional sports teams in the NFL, NHL, MLS, NBA and more. “We are excited to partner with Innovative Group and very proud that our XEO Engagement Platform will power their new OmniXP experience in future client activations,” Matthew Pierce, founder and CEO of Versus Systems said in a statement. 

Klondike Gold Corp CEO Peter Tallman told shareholders that the company is aiming to deliver an initial inferred mineral resource in 2022, which could be the first in-situ bedrock gold resource ever identified in the 125-year history of gold exploration in the Klondike Goldfields. The company could finally identify local bedrock sources of gold to begin accounting for the over 20 million gold ounces extracted from surface placer mining in the creeks and gulches since 1896, according to Tallman. 

Metal Energy Corp said it has started the Phase 2, 10,000-metre (m) drill program on its high-grade nickel and copper Manibridge project in the Thompson Nickel Belt, Manitoba. The resource project developer said drilling will focus within the shadow of the past-producing mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977. “We’re very excited to start this large drill program on Manibridge. There’s a lot of underexplored potential within the shadow of the old mine workings and we intend to prove up the nickel and copper endowment,” the company’s CEO James Sykes said in a statement.

Tribe Property Technologies Inc said it has partnered with Wyse Meter Solutions (Wyse), a Canadian leader in smart submetering, ESG (environmental, social and governance) Reporting, electric vehicle (EV) charging, and utility expense management solutions. The company said the partnership will introduce Wyse’s innovative services to Tribe buildings across Canada, boosting environmental sustainability, smarter operations, and a superior experience for residents. “Utility submetering offers multifamily residential buildings a system to fairly distribute utility costs among their residents and can result in significant savings for residential rental properties, condo boards and strata corporations, as well as developers,” Tribe Property CEO Joseph Nakhla said in a statement. “Wyse Meter Solutions not only offers solutions for the current needs of energy management, but the company is pioneering technology to solve growing environmental issues including sustainable in-suite heating and cooling and electric vehicle charging deployment.”

American Resources Corporation said it has successfully completed the first phase of commissioning of its rare earths facility in Indiana, paving the way for initial production. The company’s American Rare Earth division wrapped up the commissioning of its critical and rare earth element isolation and purification facility, enabling it to prepare its chromatography columns for production, according to a release. The commissioning phase of the processing facility was focused on ensuring that the flow rates, pressurization and valves operated as intended, American Resources told shareholders.

CULT Food Science Corp said it has invested in Vevolution, a media production company and investment platform that provides support for innovative food-focused businesses.  Vevolution is focused on accelerating the growth of the cell and plant-based economies by providing fintech solutions that enable opportunities for investors and start-ups. Its team believes that technology is at the heart of the transition to a world of more sustainable food production, CULT said.  “CULT’s investment in Vevolution represents the expansion of the broader cellular agriculture space as food security and the stability of the global food supply chain is currently at risk. We are excited about Vevolution and its initiatives to bring together all sectors in the cellular agriculture industry,” CULT CEO Lejjy Gafour said in a statement.

Western Magnesium Corp announced that it has achieved silicothermic reduction in a continuous reactor — a milestone that it says has never been accomplished globally to date. The company said its proprietary continuous reactor is operating as designed, maintaining target temperature and pressure while allowing for continuous feed, discharge and magnesium production. “It’s a thrilling time to be at the forefront of this manufacturing revolution,” CEO Sam Ataya said in a statement. “We have witnessed the birth of a new technology that puts us on the cutting edge of showcasing novel solutions and setting new standards for responsible ‘green’ magnesium production and ending America’s reliance on China for a strategic mineral that we simply must have to ensure our national security.”

New Pacific Metals Corp told investors that an initial 2,000 metre (m) exploration drilling program has started at its wholly-owned Jisas prospect. Jisas is a satellite concession in the north block and sits around 3 kilometres (km) north of the company’s Silver Sand project. “As the infill and step-out drilling at the Silver Sand project for mineral resource update to be incorporated into the preliminary economic assessment (PEA) due by the end of 2022 has been concluded in mid-May, 2022, the company has now deployed one rig to carry out an initial 2,000 metre (m) exploration drilling program at the Jisas prospect,” New Pacific said in a brief statement.

Skye Bioscience inc said it has signed new research agreements with the University of Eastern Piedmont (UPO) in Italy and the Spanish Research Council (CSIC), focusing on developing an extensive library of novel molecules designed to modulate the endocannabinoid system. The company said the initial focus will be on ophthalmic disorders, adding that the new collaborations are intended to help build and screen a library of up to 100 molecules in the first year, using a proprietary screening platform developed by Skye to analyze key molecular targets related to a range of disease pathways. “Fundamental to Skye’s strategy for differentiation is developing a pipeline of molecules that retain the potential therapeutic benefit of cannabinoids but are chemically distinct, patentable, and synthetically manufactured. Importantly, our aim is to discover and develop these molecules into validated clinical candidates that can expand Skye’s future clinical pipeline or be licensed to potential pharmaceutical partners,” Tu Diep, chief development officer of Skye said in a statement.

VR Resources Ltd said it has wrapped up its third drill program on its Hecla-Kilmer property in northern Ontario, the site of a large-footprint copper-gold breccia target with critical metals. The Vancouver-based company completed a 2,751-metre program over eight holes ranging from 249 metres to 378 metres each. “The third drill program at Hecla-Kilmer is under our belt, completed on schedule and on budget, with a metre and hole production that far surpassed our expectations,” VR CEO Michael Gunning said in a statement.

Great Atlantic Resources Corp said it has begun the 2022 prospecting and rock geochemical sampling program at its Golden Promise gold property in the central Newfoundland gold belt. The explorer said work is already underway in the central and southern regions of the property to identify trenching and drilling targets. The program will focus on target areas previously identified with gold soil geochemical anomalies and gold-bearing boulders and bedrock, as well as on new target areas based on favorable reported bedrock geology and previously reported airborne geophysics, the company added.

SPYR Technologies Inc has announced that recently acquired subsidiary GeoTraq’s Tracker Module (GT-TM100) has been approved by the Federal Communications Commission (FCC) and is ready for the market. The company said the Tracker Module has successfully completed certification testing required by the PCS Type Certification Review Board (PTCRB) and is in compliance with FCC Part 15 Subpart B, Class B (sDoC) performance specifications. The PTCRB certification program provides confidence that devices conform with global standards and perform optimally on mobile wireless networks, it added.

O3 Mining Inc said it is advancing the mining, metallurgical, geomechanical, geotechnical, environmental and community engagement work components of the Pre-Feasibility Study (PFS) for its Marban Engineering project in the heart of the Malartic gold mining camp in Quebec, Canada. In a progress update, the Toronto-based gold explorer and mine developer said it remains “committed to completing the study on schedule in the third quarter of 2022.” The Marban property covers 7,525 hectares and is located 12 kilometres (km) from the Canadian Malartic Mine owned equally by Agnico Eagle Mines Limited and Yamana Gold Inc. The company said its activities at Marban this year have focused on Marban Engineering and working towards completion of the PFS and future economic studies.

Trust Stamp Inc has announced that it is accepting sign-ups for the MetaPresence Vault waitlist, allowing users to take their digital asset protection and management to the next level. The company said its solution provides secure account credentials and private key storage, ensuring personal wallets and digital asset keys are protected and accessible only to the user via their MetaSafe account, independent of platforms and service providers. Trust Stamp CEO Gareth Genner said, with more than $3.2 billion in crypto stolen in 2021 and an estimated 20% of all Bitcoin permanently inaccessible due to lost credentials, protecting private keys is essential in the digital world.

Cloud DX Inc has announced its intention to complete a non-brokered private placement of up to 1,750 secured convertible debentures at a price of $1,000 each for aggregate gross proceeds of up to $1.75 million. The company said it intends to use the net proceeds of the offering for inventory and general working capital purposes.  The debentures in the offering will mature on the date that is 12 months from the date of issuance and shall bear interest at a simple rate of 18% per annum, payable upon the earlier of the conversion date or the maturity date.  The principal amount of the debenture is convertible, at the election of the holders, into common shares in the capital of the company at a conversion price of C$0.15 per common share at any time prior to the maturity date.

Bloom Health Partners Inc said it has engaged Ascenta Finance Corp to lead a non-brokered private placement offering of units at $0.20 each for gross proceeds of up to $2 million.  The units are comprised of one common share in the capital of the company and one-half transferable common share purchase warrant. Each whole warrant shall entitle the holder to acquire one additional common share at a price of $0.30 each until the date that is 12 months from the closing date. The net proceeds of the offering will be used by the company for ongoing working capital and corporate development.

NioCorp Developments Ltd said it has promoted Jim Sims to the newly created position of chief communications officer. The company said Sims, who has served as vice president of External Affairs since joining it in November 2015, will continue to manage investor relations, government relations, and public relations, and will provide support to capital markets initiatives in his new role. “The Board and I are pleased to announce this well-deserved promotion for Jim,” said Mark A. Smith, CEO and executive chairman of NioCorp. “Jim works tirelessly at NioCorp on multiple fronts to help advance our Elk Creek Project, and he is a key member of the management team. His energy and dedication to success are critical attributes that help keep our shareholders very well informed.”

Zinc8 Energy Solutions Inc said it has appointed business development professional Storm Boswick to its board of directors. The company noted that Boswick has considerable experience in the investment sector and capital markets, holding senior positions in various firms, and also operates as a venture capitalist, portfolio manager and as an advisor in public and private equity and debt. “Storm brings tremendous experience and a deep industry network to Zinc8,” Ron MacDonald, Zinc8’s president and CEO, said in a statement. “We continue to increase our board’s industry experience and on behalf the board, I would like to welcome Storm to Zinc8’s board for its next stages.”

Canada Silver Cobalt Works Inc has announced the passing of its long-time director Jacques Monette. It said he had been an integral part of Canada Silver Cobalt since 2008. The company added: “On behalf of the Board of Directors, management team and employees, we extend our deepest sympathies and condolences to Jacques’ family. Jacques was an experienced career miner working across Canada and around the world for over 40 years and has been on the boards of several exploration companies over the years. Jacques’ experience and enthusiasm was a key factor in Canada Silver Cobalt’s initial underground activity at the Castle Mine and he was looking forward to being part of the mining team leading the charge on the Castle East ramp development and getting the ‘rock in the box’. Jacques will be sorely missed by all those who knew him.”

Nova Royalty Corp said the TSX Venture Exchange has accepted for filing an application between the company and two arm’s-length vendors, whereby the company may acquire a portion of a 0.5% net profit interest royalty on the Josemaria project in San Juan, Argentina. The vendors are expected to hold 33.33% of the royalty once the estate of the deceased current holder is settled and have agreed to sell the company 50% of their interest. The vendors have agreed to a first advanced payment in either cash or shares, with one vendor choosing to receive 3,941 shares and US$10,166 cash, whereas the other vendor will receive an all-cash payment of US$16,666. Completion of the acquisition may require more than 12 months due to the estate portioning process in Argentina. Consideration for the full royalty is US$13,712,000 plus advanced payments totalling US$100,000. The company’s pro-rata portion payable will be calculated once the estate is settled.

Sanatana Resources Inc said it has granted incentive stock options to directors, officers, employees and contractors of the company to purchase up to 2,550,000 common shares of the company at a price of $0.20 per share. The stock options are exercisable on or before June 6, 2027, and vest in stages with 25% vesting immediately and the remainder to vest 25% every six months from the grant date. Of the options granted, 1,650,000 were awarded to directors and officers of the company. The stock options were granted under the terms of the company’s stock option plan and are subject to regulatory approval.

Unigold Inc has said it intends to extend the expiry dates of a total of 16,629,167 share purchase warrants by six months to December 23, 2022. The warrants were issued under a private placement which closed on June 23, 2020, and are currently set to expire on June 23, 2022. Each warrant entitles the holder thereof to acquire one common share of the company at a price of $0.30 per common share and all other terms of the warrants, including exercise price, will remain the same. The company said it has made an application to the TSX Venture Exchange (TSXV) in respect of the warrant extension which is subject to the approval of the TSXV.

Pure Gold Mining Inc said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on May 6, 2022, which will see the issue of 207,240,960 shares at a purchase price of 15 cents per share, together with 207,240,960 share purchase warrants with an exercise price of 18 cents for a six-month period, with 105 placees,

Los Andes Copper Ltd said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placements announced on March 30, 2022, which will see the issue of US$4 million worth of convertible debentures with a conversion price of $19.67 of principal amount outstanding per share until a maturity date 5 years from issuance and an Interest rate of 8% per annum with one placee,

Lithiumbank Resources Corp has said that effective at the opening on Wednesday, June 8, 2022, 2,282,994 warrants of the company will commence trading on the TSX Venture Exchange. Each warrant entitles the holder to purchase one share at a price of $2 per share and will expire on February 16, 2025. The warrants were issued in connection with a private placement of 4,565,989 special warrants that closed on September 27, 2021, and October 15, 2021.

Biocept Inc has said its management will hold a conference call today, June 7, 2022, beginning at 4.00pm Eastern time to discuss its re-focused and rationalized business strategy and to answer questions. Participants can pre-register for the conference call here. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. The conference call can be accessed at the time of the live call by dialing (855) 656-0927 for domestic callers, (855) 669-9657 for Canadian callers or (412) 902-4109 for other international callers. A live webcast of the conference call will be available on the investor relations page of the company’s website at http://ir.biocept.com/events.cfm. A replay of the call will be available for 48 hours following its conclusion and can be accessed by dialing (877) 344-7529 for domestic callers, (855) 669-9658 for Canadian callers or (412) 317-0088 for other international callers using event passcode 8040195. A replay of the webcast will be available for 90 days.

Vicinity Motor Corp has announced that its management will participate in the Benzinga All-Access Show, as well as the Diamond Equity Research Virtual Emerging Growth Invitational in June 2022. Chief Executive Officer William Trainer is scheduled to present and participate in a question and answer session at the conclusion of each event as follows: Benzinga All-Access Show on Friday, June 10, 2022, at 11.00am Eastern time, via the webcast link: https://www.youtube.com/watch?v=3LEpaZoUm4k; Diamond Equity Research – Virtual Emerging Growth Invitational on Thursday, June 23, 2022, at 1.00pm Eastern time, via the webcast link: https://us02web.zoom.us/webinar/register/WN_w-ywL9aZS1OSW_HHFMYZBA. A live audio webcast and archive of each conference presentation will be available using the respective links above. For more information on how to register, investors can contact MZ Group at vmc@mzgroup.us.

Mindset Pharma Inc has announced that its management will participate in the following three upcoming conferences: Grizzle Psychedelics Con 2022 to be held virtually on Wednesday, June 8, 2022, where James Lanthier, CEO of Mindset will present at 10.15am ET; Charles River’s Re-Imagining Substance Abuse, Addiction, and Mental Health Disorders with Psychedelic Therapies Symposium to be held at the AC Hotel in San Francisco, CA on Thursday, June 9, 2022, where Fiona Randall, SVP, External Alliances and Scientific Strategy of Mindset, will participate in the Commercializing Psychedelics from Hoffman’s Bicycle Ride to the Electric Car panel at 1.35pm PT, and, in addition, Dr Randall will present Developing Novel Psychedelic-Inspired Medicines at 3.30pm PT; and H.C. Wainwright 1st Annual Mental Health Conference: Neuropsychiatry, Psychedelics, and Beyond to be held at the Lotte New York Palace Hotel in New York City on June 27, 2022. For more information about the conferences, or to schedule a one-on-one meeting with Mindset management, investors can send an email to KCSA Strategic Communications at mindset@kcsa.com.

Water Tower Research said it has published an update note on Polar Power Inc via the following link: https://www.watertowerresearch.com/content/1q22-results-revenue-grows-12-7-y-y-amidst-interest-in-overseas-market-labor-efficiency-improves

OTC Markets Group Inc, the operator of regulated markets for trading 12,000 US and international securities, has announced that TECO 2030 ASA, a company delivering technology that helps ships to reduce their environmental and climate impacts, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market under the symbol TECFF. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. “I am excited to commence trading on the OTCQX market. This increases the access of TECO 2030 shares for US-based investors and employees,” said Tore Enger, Group CEO, TECO 2030.