NA Proactive news snapshot: Loop Insight, Silvercorp Metals, NexTech AR Solutions, Duos Technologies …

Loop Insights Inc (CVE:MTRX) (OCTMKTS:VRZPF), a provider of artificial intelligence solutions, said Friday that it has “accelerated conversations” for the implementation of its coronavirus (COVID-19) contact tracing solution with government officials, and live event and stadium operators in North America, Australia, Indonesia, and the UK. The Vancouver-based technology company launched an automated contact tracing platform in June to support coronavirus government mandates that require business owners to collect and store customer contact information for a 30-day period. Loop said it has the ability to “seamlessly integrate” and enhance businesses’ existing solutions. With its SIM-enabled connectivity, and compatibility with up to forty languages, Loop’s contact tracing platform supports fast, scalable deployment anywhere in the world.

Silvercorp Metals Inc (NSYEAMERICAN:SVM) (TSX:SVM) has said it is on track to meet its production guidance for fiscal 2021 as it reported solid first-quarter output numbers. The China-focused underground mine operator said it produced around 1.8 million ounces of silver, 20.1 million pounds of lead and 7.5 million pounds of zinc in the three months to June 30, 2020. Silver output was 10% down on the same period last year, while zinc output was up 4%, and lead production was lifted by 1%. The figures come from the miner’s flagship Ying project in the Ying mining district, together with its GC mine in the Guangdong province of China.

NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) announced Friday that it has launched a new immersive video conferencing software called ScreenAR. The augmented reality company said the new capabilities are seamlessly integrated into its InfernoAR video conferencing and virtual events platform using its ARitize app. NexTech said the new features will allow for AR experiences to “pop” off the computer or TV screen, creating a one-of-a-kind immersive experience aiming to keep people engaged in virtual classrooms, virtual events, or virtual trade shows.

Duos Technologies Group Inc (NASDAQ:DUOT) has announced the retirement of founder Gianni Arcaini as its president and CEO, effective September 1, although the 71-year old will continue to serve as chairman of the company’s board. Arcaini leaves Duos 30 years after founding the company in 1990. The group said its board has initiated the search for a new CEO and president to replace Arcaini and lead the company through its next phase of growth. 

Energy Fuels Inc (TSE:EFR) (NYSEMKT:UUUU) has told investors it expects to be debt-free by the end of 2020 as the USA’s largest uranium miner repeated its production guidance for the year and updated on its growing inventories. In a wide-ranging update, the company noted that it has recently redeemed half of its total debentures outstanding, distributing C$10.43 million of cash to holders. Only C$10.43 million of the total principal amount of the debentures remain outstanding, which are due on December 31, 2020, it added. “The strength of Energy Fuels’ balance sheet is unsurpassed in the global mid and junior uranium mining sectors today”, Mark S Chalmers, Energy Fuel’s chief executive said in the statement.

Story by ProactiveInvestors