NA Proactive news snapshot: Exro Technologies, Alpine 4 Technologies, Group, American Resources, GoviEx Uranium UPDATE… – Proactive Investors USA & Canada

Exro Technologies Inc (CVE:EXRO) (OCTQB:EXROF) on Monday closed a marketed public offering that raised nearly C$42 million. The net proceeds will be used for further research and development of the company’s intelligent battery management system, micro, light and commercial electric vehicle (EV) programs, marketing, capital investments, and general working capital requirements. The Vancouver-based company said Monday it issued 12,915,384 shares at $3.25 each, which includes an over-allotment sales of an additional 1,684,615 shares.

Alpine 4 Technologies Ltd (OTCQB:ALPP) announced Tuesday that it has completed its acquisition of Impossible Aerospace Corporation (IA), which builds high-performance electric aircraft and drones. In a statement, Alpine 4 said the transaction was completed by a reverse triangle merger with a newly formed subsidiary of Alpine 4 after filing the merger certificate with the State of Delaware. The Phoenix-based technology-holding company said it will introduce several support subsidiaries in 2021 to further its efforts to capture market share within the drone industry. The CEO of IA has stated that both companies intend to build the nation’s most vertically integrated UAV (unmanned aerial vehicle) manufacturer. Group Inc (OTCMKTS:RCRT) reported that it has made what it calls a “significant upgrade” to the software for its AI and video-enabled hiring platform. The company said it has completed the investment to ensure its platform is scalable to meet the employment surge that is set to follow the expected easing of the COVID-19 restrictions in 2021.

American Resources Corporation (NASDAQ:AREC) announced Tuesday its advancement to the geotechnical analysis stage of installing solar and battery storage technologies at its Perry County Resources (PCR) carbon mining complex in Kentucky. With this planned installation, the company said it anticipates reducing its long-term electrical and operating costs throughout the complex by reducing its peak utility demand, while also advancing the PCR complex to a cleaner, more sustainable and next-generation mining operation. “It’s time for the mining industry to increase its innovation and adoption of more sustainable and renewable practices,” said CEO Mark Jensen in a statement.

GoviEx Uranium Inc (CVE:GXU) (OTCMKTS:GVXXF) has reported encouraging exploration results from its polymetallic Falea project in Mali, which have underscored its potential. The company has identified what it called a “significant” correlation between the Birimian geology, the fault structure and geophysical anomalies in relation to gold mineralization at the site. In July this year, the group reported gold in soil anomalies, which showed potential extensions of the Sirabaya West and Siribaya-Bambadinka gold trends and may intersect within the Falea project. Now it has undertaken a core sampling and geophysics program. Sampling assays included 1.16 grams per ton (g/t) gold.

Talon Metals Corp (TSE:TLO) (OTCMKTS:TLOFF) (FRA:TAO) announced that it has intersected 2.71 meters of massive sulphide mineralization grading 5.13% nickel, included in a wider zone of mineralization of 9.55 meters (m) grading 2.12% nickel, at the Tamarack Nickel-Copper-Cobalt Project in Minnesota. The company said the mineralization is “shallow,” starting at just 242.84m, and is located outside its current resource area.

Predictiv AI Inc. (CVE:PAI) (OTCMKTS:INOTF) (FRA:71TA), the software and solutions provider in the artificial intelligence markets, has provided an update on its channel reseller activities in Quebec and Atlantic Canada. The company said its management would like to highlight the ThermalPass sales efforts to date from its exclusive reseller for Quebec and Atlantic Canada – KleinCity Group, a cleaning and sanitation company that leverages cutting-edge electrostatic technology and proprietary disinfectant products to sterilize any indoor space and help stop the spread of viruses and bacteria.

Aftermath Silver Ltd (CVE:AAG) (OTCQB:AAGFF) has released a CIM compliant resource estimate for its Challacollo silver-gold project in northern Chile. The company has an option to acquire 100% of the Challacollo asset through a binding agreement with metals producer Mandalay Resources (TSE:MND).The latest resource shows a total of 6.6 million tonnes of indicated material (both open pit and underground) for 35.1 million ounces of silver at 165 grams per ton (g/t) and 58,000 ounces of gold at 0.27 g/t. In the lower confidence inferred category, the project hosts 2.8 million tonnes with 11.1 million ounces of silver at 124 g/t and 15,000 ounces of gold at 0.17 g/t.

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) (FRA:2UE) has struck a deal with pharmaceutical CBD product importation group CannaBR Exports Corp, which is aimed at selling the company’s products in Brazil. “As we continue to develop several international opportunities, the agreement with CannaBR is a pinnacle relationship for Heritage as it extends our international strategy beyond the United States and provides access to the growing Brazilian cannabis market which some project to grow to as much as US$12 billion by 2028,” said Clint Sharples, CEO of Heritage, in a statement.

CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) announced that it has sold a third CO2 Delivery Solutions Commercial Installation to an Ottawa, Ontario based licensed cultivator. The CO2 GRO customer commented on the transaction, saying: “According to my return-on-investment criteria of a one-year payback, a mere 7% increase in yield justified purchasing the system.”

Nabis Holdings Inc (CSE:NAB) (OTCMKTS:NABIF) (FRA:A2PL) announced that the company’s previously announced deal to recapitalize the cannabis company’s outstanding debt was unanimously approved by its creditors. The Vancouver-based firm said the proposal under Canada’s Bankruptcy and Insolvency Act Canada was unanimously approved by the company’s creditors, who were present in person, or by proxy and voted at a creditors’ meeting held virtually on December 14, 2020. As a follow-up to the proposal, Nabis will implement a recapitalization of the company’s outstanding C$35 million principal amount of 8% unsecured convertible debentures and all other debts of the company.

FSD Pharma Inc (NASDAQ:HUGE) (CSE:HUGE) announced Tuesday the dosing of the first patient in its Phase 2a clinical trial of FSD201 for the treatment of hospitalized patients with COVID-19. The trial is a randomized, controlled, double-blind, multicenter study, conducted on 352 patients to assess the efficacy and safety of FSD201 dosed at 600 milligrams (mg) or 1200mg twice-daily, together with standard of care (SOC) compared to SOC alone in hospitalized patients with documented COVID-19 disease. Eligible patients will present symptoms consistent with influenza/coronavirus signs (fever, dry cough, malaise, difficulty breathing). In a statement, the company said the primary objective of the trial is to determine whether FSD201 plus SOC provides a significant improvement in the clinical status of patients (shorter time to symptom relief).

American Battery Metals Corporation (OTCQB:ABML) updated shareholders Tuesday on critical milestones it has achieved on the path to building and opening its pilot lithium-ion battery recycling plant in Fernley, Nevada. Over the past three months, the company, which is in the process of changing its name to American Battery Technology Company (ABTC), has achieved three critical milestones that enabled it to move ahead in permitting, constructing, and commissioning of the plant. The company has purchased the factory land, secured water rights, and hired a design/build construction firm.

Cardiol Therapeutics Inc (TSE:CRDL) (OTCQX:CRTPF) has selected Worldwide Clinical Trials as its contract research organization for its Phase II/III trial studying the effectiveness of CardiolRx in COVID-19 patients. Oakville, Ontario-based Cardiol’s Phase II/III study is a double-blind, placebo-controlled clinical trial designed to investigate the efficacy and safety of CardiolRx, a pharmaceutically-produced extra strength cannabidiol formulation. Worldwide supports drug development in over 60 countries and has offices in the Americas, Europe and Asia. It is one of the major CROs involved in international COVID-19 trials.

Algernon Pharmaceuticals Inc (CSE:AGN) (OTCQB:AGNPF) reported positive trending interim data for the Phase 2b stage of its Phase 2b/3 clinical study of Ifenprodil for COVID-19. The Canadian pharmaceutical company said Tuesday that data is pointing to a trend towards a reduction of patients needing mechanical ventilation in the high-dose Ifenprodil treatment arm by day 15 of the trial, as compared to patients in the untreated arm. Algernon also said that it saw a trend in the high dose group to reduce the National Early Warning Score (NEWS) that determines the degree of illness more quickly than the control group after treatment was initiated, suggesting that the treated patients are recovering more quickly.

Silver Range Resources Ltd (CVE:SNG) reported the receipt of high-grade gold and silver grab sample results from its newly-consolidated and expanded Bellehelen project in Nevada. The company said assays from the samples included grades as rich as 1,490 grams per tonne (g/t) silver and 11.3 g/t gold.

Esports Entertainment Group, Inc. (NASDAQ:GMBL) has announced a landmark multi-year partnership with the Philadelphia Eagles which will see it serve as the first esports tournament provider for an NFL club. As part of the multi-year agreement, Esports Entertainment Group (EEG) will operate bi-annual Madden NFL esports tournaments for the Eagles utilizing the Esports Gaming League (EGL) platform. Also under the terms of the deal, the Eagles will become an EEG shareholder. “We are thrilled to partner with the Philadelphia Eagles as they introduce their fans to the world of competitive esports gaming,” said Grant Johnson, CEO of Esports Entertainment in a statement. “The Eagles join a growing list of high-profile organizations that have chosen Esports Entertainment Group as their esports tournament provider, affording us an incredible opportunity to expand our brand reach within multiple large, dedicated fan bases and setting the stage for significant growth ahead. We intend to build on this momentum.”

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) (FRA:20Q) is investigating evidence of what may be ancient mine sites at its Tiria-Shimpia silver-zinc-lead target at its flagship Lost Cities – Cutucu project in Ecuador. In a statement on Tuesday, the group said it had identified two potential old roads and topographical features near both, which are suspected to be small scale open-pits or prospecting sites. A registered archeologist is required to confirm that the potential ancient features at Tiria-Shimpia are man-made. Following that, they may require further study by the National Institute of Cultural Heritage of Ecuador.

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF), a provider of contact tracing and artificial intelligence to drive automated marketing, named finance industry veteran Mark Lotz its finance chief, as the company eyes rapid business development. The Vancouver-based advanced technology said that Lotz had taken over from former CFO Abbey Abdiye, who had resigned to pursue other opportunities. The company thanked Abdiye for his “hard work and dedication” and wished him well in his future endeavors. Lotz has held CFO and other senior financial positions with several leading mining and exploration companies. He has also served as a senior executive in the securities brokerage industry. He is a chartered professional accountant with 26 years of post-qualification experience.

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) (FRA:20Q) is investigating evidence of what may be ancient mine sites at its Tiria-Shimpia silver-zinc-lead target at its flagship Lost Cities – Cutucu project in Ecuador. In a statement on Tuesday, the group said it had identified two potential old roads and topographical features near both, which are suspected to be small scale open-pits or prospecting sites.

GlobeX Data Ltd (OTCQB:SWISF) (CSE:SWIS), the cybersecurity and privacy solutions provider, said on Tuesday that it has completed the translation of its Sekur email and messaging security platform into Spanish, as it gears up for its commercial launch in Latin America and Spain in the first quarter of 2021. The technology company which has offices in Toronto and New York said it is planning to launch Sekur in Latin America and Spain through two of its partnerships simultaneously covering Mexico, Colombia, Panama and Spain. Through its partnership is with distributor Micronet it will first launch in Colombia and Panama and possibly in Spain. Micronet, headquartered in Spain, manages a network of 3,000 resellers in 11 countries through Central and Latin America.

LexaGene Holdings Inc (CVE:LXG) (OTCQB:LXXGF) (FRA:5XS2), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, announced Tuesday that it has received a purchase order for a MiQLab system from Ethos Discovery. “In veterinary health, there are many unmet clinical diagnostic needs where LexaGene’s technology can be of great value,” said Dr Chand Khanna, president of Ethos Discovery, in a statement. “In 2021, we will collaborate with LexaGene on expanding the MiQLab’s capabilities to pursue additional diagnostic innovation in areas that are important for Ethos. We are thrilled to have the first point-of-care molecular diagnostic instrument available to veterinary health professionals and look forward to bringing this technology to Ethos hospitals in the future.” The MiQLab is designed for use inside veterinary hospitals, where it will be run by veterinarians and clinic staff. The automated system is easy to use and is currently equipped with LexaGene’s Bacterial and AMR Panel capable of screening samples for the seven most common bacterial pathogens and 13 anti-microbial resistance markers.

NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) (FRA:N29) will list its shares on the Canadian NEO Exchange, it announced Tuesday. The move is designed to provide exposure to a higher number of retail and institutional investors in Canada and follows NexTech’s application to list its shares on the tech-heavy Nasdaq exchange in the US. Vancouver-based NexTech plans to keep its Canadian trading symbol as ‘NTAR,’ according to a company statement.

Kintara Therapeutics Inc (NASDAQ:KTRA) CEO Saiid Zarrabian talked about upcoming milestones on Tuesday for the San Diego-based biopharmaceutical company. In a podcast interview with Wall Street Resource he talked about the company’s two lead programs — VAL-083 for Glioblastoma (GBM) and REM-001 for cutaneous metastatic breast cancer (CMBC). Zarrabian touched on Kintara’s ongoing programs and anticipated enrolment of its first glioblastoma multiforme (GBM) patient in a Phase 3 clinical trial using its lead compound VAL-083 by late 2020, or early 2021. To learn more about the programs investors can click HERE.

HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) announced a flow-through financing to raise up to C$3 million gross to be used on exploration at its gold projects in the Timmins region of Ontario. The company will place up to 1.5 million shares on a flow-through basis, which may be gifted or sold by the initial purchaser at a price of C$2.00 per flow-through share for total gross proceeds of up to C$ million.

GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GRSLF) (FRA:GPE) posted encouraging drill results from its Plomosas silver project in Mexico, which it said continues to validate a potential large hydrothermal system at the Plomosas mine area. Based on positive results, the group has added a rig and now has five drills turning – three at the Plomosas Mine Area and two at the San Juan Area. The initial 4,500 metres (m) surface core drilling program has also been increased to 11,900m, aiming to delineate a much larger initial resource footprint in both areas.

BetterLife Pharma Inc (CSE:BETR) (OTCQB: BETRF) (FRA:NPAU) highlighted the value proposition in its acquisition of biotechnology company Transcend Biodynamics LLC, which adds its LSD derivative BOL-148 to the BetterLife pipeline. On December 8, BetterLife signed a definitive agreement to acquire 100% of the assets of Transcend Biodynamics valued at $10 million in an all-stock deal, which amounted to 13.3 million shares at C$0.75 per share. Vancouver-based BetterLife noted that while the medicalization of psychedelics is gaining momentum at an “extraordinary pace,” such therapeutics still face steep “regulatory hurdles” in the areas of manufacturing, formulating, and ultimately dispensing Schedule I drugs to patients.

Neo Lithium Corp (CVE:NLC) (OTCQX:NTTHF) (FRA:NE2) has closed the previously-announced C$8.6 million equity investment from China’s Contemporary Amperex Technology Co. Limited (CATL), the world’s largest EV battery company. CATL, through a controlled subsidiary, made the investment via a private placement consisting of 10,217,503 Neo Lithium common shares at a price of C$0.84 per share, which would give the battery manufacturer and technology company an around 8% ownership interest in Neo Lithium.

Rideshare Rental, Inc. (OTCMKTS:YAYO), said that its wholly-owned subsidiary, Rideshare Car Rentals has entered into the last mile logistics space by supplying customers with transit high top cargo vans. The leading provider of vehicles to the rideshare and delivery gig economy industry, formerly known as YayYo, Inc, said Rideshare Rental’s acquisition of the vans will be financed through an increase of $1 million in its existing line of credit with ACME Auto Leasing LLC.

Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL) (FRA:G3U) announced a boost for its Tucano gold mine in Brazil, having added another year to its life and replaced ounces it has mined in 2020. The miner has updated the reserve and resource estimates for the producing asset, with effect from September 30 this year.

Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) will be providing an industry perspective on the use of Augmented Reality (AR) smart glasses in healthcare during a keynote presentation as part of the virtual VRARA Healthcare Forum on December 16. “Healthcare has emerged as an important sector for AR smart glasses and we look forward to sharing our perspective on the healthcare industry along with actual deployments and use cases of smart glasses within it,” said CEO Paul Travers in a statement Monday.

KWESST Micro Systems Inc (CVE:KWE) announced Tuesday it has extended its option to acquire a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge technology (LEC Technology). The technology is a proprietary non-lethal cartridge-based ordnance system with wide application in the rapidly growing market of soldier and law enforcement training, maintenance of public order, personal defence, and high-action gaming. The owner of the LEC Technology is DEFSEC Corporation, an Ottawa-based private company owned by David Luxton, executive chairman of KWESST.

Tocvan Ventures Corp (CSE:TOC) (FRA:TV3), the junior explorer, has announced the appointment of government and public relations professional Donn Lovett as a strategic advisor to its board of directors. Lovett, who has been president of international consultancy Donn Lovett Agency in Calgary, Canada since 1990, has played a key role over the years in trying to bring states closer together with Canada, including Oman, Iran, Iraq, Qatar, Turkey and now Mexico. He represented Tocvan Ventures at the Discovery Mining conference in Mexico last month and has already helped build relationships within the private and public sector in the country.

GGX Gold Corp. (CVE:GGX) (OTCQB:GGXXF) (FRA:3SR2) has said that due to positive investor response, the company has increased its non-brokered private placement, previously announced on November 25, 2020, to 3,052,500 units at a price of $0.16 cents per unit for gross proceeds of $488,400. Each flow-through unit will comprise of one common share (which is a flow-through share for Canadian income tax purposes) and one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at the price of $0.20 for 18 months after closing. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.25 cents per share for a period of 10 consecutive days. Proceeds from the private placement will be used for the continued exploration work on the Gold Drop Property in the Greenwood mining camp of south-central British Columbia.

Real Luck Group Ltd (CVE:LUCK), the parent company of Isle of Man-based esports betting firm Luckbox, will commence trading on the TSX Venture Exchange from the opening on Wednesday, December 16, 2020, following the reverse takeover of Elephant Hill Capital Inc. which has changed its name and will be delisted. Under a resolution passed by the capital pool company’s shareholders on November 9, 2020, aside from the name change, the company has consolidated its capital on a one-new-for-4.2-old basis.


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