NA Proactive news snapshot: MindMed, Loop Insights, Gold Resource Corp, Phunware ...

Mind Medicine (MindMed) Inc (NEO:MMED) (OTCMKTS:MMEDF) (NEO:MMED) is committing $5 million over five years to establish and launch a program to train the next generation of psychiatrists and clinical investigators in the field of psychedelic assisted therapies and medicines. The biotech firm, which has filed to uplist on the Nasdaq exchange, said the program will take place at NYU Langone Health – one of the USA’s premier academic medical centers and is the first step towards building a Center for Psychedelic Medicine at the institution.

Loop Insights Inc (CVE:MTRX) (OCTMKTS:VRZPF) revealed on Monday that it has filed provisional patent applications and various trademark registries for its contactless data applications. The Vancouver, British Columbia-based advanced technology company said the filings come in the wake of both “actual integrations with globally renowned customers” and a “substantial increase” in demand from various verticals, including college sports, professional sports, hotels, TV and movie productions, and hospitality & entertainment, among others.

Gold Resource Corporation (NYSEAMERICAN:GORO) has unveiled plans to create two separate mining companies – one in Mexico and one in Nevada – to allow them to focus on their own operations and strategic plans. The aim is to spin out the Nevada business to shareholders, not least to unlock its premium value, as the US state is one of the world’s top mining jurisdiction. Target completion is by the end of this year or the first quarter of next.

Phunware Inc (NASDAQ:PHUN) announced that it is unveiling an integrated solution which it has developed with Cisco Systems Inc (NASDAQ:CSCO) to track room occupancy through the Cisco Webex Room Series. The Cisco video conferencing platform essentially allows people to have everything they need to set up a collaborative multi-media conference room. “As a strategic investor and valued channel partner, Cisco is a natural fit to further integrate their cutting-edge hardware with our patented software to enhance our Smart Workplace solution for global customers worldwide,” said CEO Randall Crowder. “With certified integrations like Cisco Webex, our cloud platform for mobile provides a more comprehensive and seamless user experience that will help enterprise customers return to work in a safe, responsible and auditable manner for a post-pandemic environment.”

Biocept Inc (NASDAQ:BIOC) announced promising results Monday from a prospective study of its Target Selector cerebrospinal fluid (CSF) testing in patients with non-small cell lung cancer (NSCLC) and leptomeningeal metastasis. The study, which was presented virtually on Friday at the International Association for the Study of Lung Cancer, compared Biocept’s technology with traditional cytology (read: examining cells under a microscope). Specifically, the study looked at 28 CSF samples from 15 patients obtained before and during treatment for leptomeningeal metastasis, which occurs when cancer cells migrate to the body’s CSF.

Pacific Empire Minerals Corp (CVE:PEMC) (OTCQB:PEMSF) revealed it had received its multi-year exploration permit for the Jean Marie copper, gold, silver, moly project in British Columbia and drilling is poised to start at the A-zone. The permit covers 100 reverse circulation (RC) and 20 diamond drill holes at the group’s flagship project, which lies 50 kilometres west of Centerra Gold’s Mt. Milligan copper-gold mine.

Champignon Brands Inc (CSE:SHRM) (OTCQB:SHRMF) has announced that CEO Dr Roger McIntyre has been elected chairman of its board of directors. A foremost international expert in depression and suicide, Dr McIntyre is a professor of psychiatry and pharmacology at the University of Toronto, heads the Mood Disorders Unit at the University Health Network in Toronto, and has appointments among scientific and clinical organizations across the US and Asia, the company said in a statement Monday. Dr McIntyre was appointed to the board on July 22 after assuming the role of CEO in May. 

Australis Capital Inc (CSE:AUSA) (OTC:AUSAF) has found a new head man, the company announced Monday, in cannabis and entertainment industry veteran Harry DeMott. He is a founder and managing partner of Hamerle Investments, which targets cannabis, music and entertainment companies. DeMott also co-founded the investment firm Raptor Ventures I LP, where he has been a general partner since 2011.

Binovi Technologies Corp (CVE:VISN) (OTCMKTS:BVNIF) said Friday evening that it expects to close a C$1.7 million financing by October 6. The funds raised will go towards expanding its K-12 education platform as well as the integration of the Vima Strobe technology, the Toronto-based company said in a statement. Additional funds will be used to manufacture the Binovi Touch hardware as well as general corporate purposes, according to the firm. Under the term sheet, the company is offering just over 13.3 million units priced at C$0.1275 per unit to raise gross proceeds of $1,701,553.

Namaste Technologies Inc (CVE:N) has announced that subsidiary CannMart Inc and Ignite International Brands Ltd have mutually terminated an agreement to utilize certain Ignite trademarks on cannabis-based products. In a statement Friday, Namaste said CannMart will continue selling the remaining Ignite inventory through provincial control boards and through its medical channel at the CannMart website to December 29 and will no longer act as distributor for Ignite in Canada.

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) announced Monday that all seven of its vape cartridge products have launched in British Columbia and Manitoba. In British Columbia, Heritage will market its Pura Vida CBD 4:1 Honey Oil, and Indica, Sativa and Hybrid Honey Oil vape cartridges, as well as Purefarma Moon, Sun and Earth vape cartridges through authorized liquor distribution channels in the province. Consumers in Manitoba can buy Purefarma CBD Earth, and Pura Vida’s Indica, Sativa, and Hybrid Honey Oil vape cartridges at select licensed cannabis retail stores.     

Adastra Labs Holdings Ltd (CVE:XTRX) has completed the installation and started the commissioning of its cryo-ethanol extraction system from Evolved Extraction Solutions. “The industrial-scale EV-MASS cryo-ethanol extraction system allows Adastra to triple our capacity for production of cannabis oil that can then be further refined into cannabis distillate,” said CEO Andy Hale in a statement Friday. The company said the Evolved team provided equipment and installation services, along with support from the Yellowstone falling film evaporator OEM (original equipment manufacturer). The combination of the EV-MASS cryo-ethanol system with the high-volume ethanol recovery unit from Yellowstone substantially reduces the time to produce large volumes of cannabis oil ready for molecular distillation into high-potency THC distillate.

Mirasol Resources Ltd. (CVE:MRZ) (OTCPINK:MRZLF) announced that Norm Pitcher has left the company and ceased to be a director of Mirasol. The company’s Chair, Patrick Evans, has been appointed interim CEO pending the appointment of a successor, a process that is well underway.

Gungnir Resources Inc. (CVE:GUG) (OTCPINK:ASWRF) said it has completed the second and final tranche of its previously announced non-brokered private placement of 3,333,333 units for a total of 10,000,000 Units sold under the offering priced at $0.06 each, for total gross proceeds of $600,000. Each Unit consists of one common share in the company and one common share purchase warrant exercisable at a price of $0.09 per share for a period of 36 months from the closing of the offering. The net proceeds of the offering will be used to continue the exploration program, inclusive of drilling, at the company’s 100% owned projects in Sweden, concentrating on the Knaften Gold zone and our two nickel resources, Rormyrberget and Lappvattnet. All securities issued under the offering are subject to a hold period expiring four months and one day from the closing.

Group Eleven Resources Corp. (CVE:ZNG) (OTCMKTS:GRLVF) (FRA:3GE) said it granted incentive stock options, on October 2, 2020, to directors, officers and employees of the company to purchase up to 1,535,000 common shares in the capital stock of the company. These options vest over a period of two years from the date of grant, at an exercise price of $0.09 per share. All options granted are subject to regulatory approval. The company has also granted 666,666 deferred share units to three independent directors as an annual award for services provided, in accordance with the provisions of the company’s deferred share unit plan.

Nova Royalty Corp (CVE:NOVR) said the TSX Venture Exchange has accepted for filing documentation pertaining to a royalty purchase agreement dated September 4, 2020, between the company and Transition Metals Corp., whereby the company will acquire a portfolio of nine net smelter return (NSR) royalties on certain exploration projects located in British Columbia, Saskatchewan and Ontario. Under the terms of the agreement, the company will make a $1,072,500 cash payment and issue 525,000 common shares to the vendor to earn the full interest in the royalties.

American Manganese Inc. (CVE:AMY) said on Friday that it has closed a first tranche of its non-brokered private placement for gross proceeds of $756,850.45 from the issuance of 3,784,252 units. Each unit will consist of one common share of American Manganese and one common share purchase warrant. Each warrant will be exercisable for one share at a price of 30 cents per share for the two years following the issuance of the warrant. As previously announced, the company is conducting the private placement to raise gross proceeds of up to $2 million.

International Montoro Resources Inc (CVE:IMT) said the TSX Venture Exchange has accepted for filing a mineral property acquisition agreement dated September 23, 2020, between the company, Jason White, Jeff Wall, Nigel Lewis, Unity Resources Inc., Gary Lewis and Aubrey Budgell, whereby International Montoro has acquired a 100% interest in and to the Slip gold project and the Victoria Lake gold project, located in central Newfoundland. The consideration is $30,000 cash, 500,0000 common shares and 500,000 common share purchase warrants. Each common share purchase warrant is exercisable into one common share for a two-year period at a price of 12 cents. The vendors retain a 2% net smelter return royalty (NSR), half of which, or 1%, may be repurchased for $1 million cash.

Telson Mining Corp (CVE:TSN) said the TSX Venture Exchange has accepted for filing the company’s proposal to issue 7,330,651 shares at a deemed price of nine cents per share to settle outstanding debt for $659,758.58 with one creditor.

Progressive Planet Solutions Inc (CVE:PLAN) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on August 25, 2020, which will see the issue of 1.25 million flow-through shares at a purchase price of 8.0 cents each with 625,000 share purchase warrants at an initial exercise price of 10 cents and a term to expiry of one year, plus 3.15 million non-flow-through shares at a purchase price of 6.5 cents each with 1,575,000 share purchase warrants at an initial exercise price of 10.0 cents and a term to expiry of one year with 12 placees.

Canada Silver Cobalt Works Inc. (CVE:CCW) said it has granted stock options to its directors and officers to purchase an aggregate of 300,000 common shares in the capital of the company. The stock options are exercisable for a term of two years at an exercise price of 50 cents per share. All stock options are granted in accordance with the terms of the company’s stock option plan and the policies of the TSX Venture Exchange, and will be subject to a hold period of four months and one day from the date of grant.

Ceylon Graphite Corp. (CVE:CYL) said it has been granted a further extension to close its proposed private placement by the TSX Venture Exchange. The small delay is necessitated by certain measures instituted in the domicile of our investors in response to coronavirus (COVID-19_ and other health-related issues. Paul Selvam Devadoss, a lead investor said: “Our Consortium is very committed to completing this investment as soon as possible under the agreements that we have signed with the company. The delay is unfortunate but has been beyond our control.” Ceylon Graphite announced on August 6, 2020, that it intends to raise gross proceeds of up to C$8,100,000 or US$6,000,000 from a consortium of four international investors through the issuance of an aggregate of 90,000,000 units. Each Unit will be comprised of one common share in the capital structure of Ceylon Graphite and 0.3073 of a common share purchase warrant.

QC Copper & Gold Inc. (CVE:QCCU, which recently changed its name from PowerOre, said it has posted its latest webinar, ‘Copper is Coming’. This 24-minute webinar is hosted by CEO Stephen Stewart, who covers the company’s macroeconomic view on copper, how this impacts exploration, and a review of QC Copper’s work to date and plan going forward on the Opemiska Copper Mine Complex in Quebec. QC Copper said shareholders should visit its new website at QCcopper.com and view its updated corporate presentation.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 U.S. and global securities, announced that PopReach Corporation (CVE:POPR) (OTCQX:POPRF), a free-to-play mobile game publisher focused on acquiring and optimizing proven game franchises, has qualified to trade on the OTCQX Best Market. Qualifying for the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

Story by ProactiveInvestors