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NA Proactive news snapshot: Valeo Pharma, Mandalay Resources, BevCanna Enterprises, GR Silver Mining …

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Valeo Pharma Inc (CSE:VPH) (OTCQB:VPHIF) (FRA:VP2) announced Thursday that it has recently received a Notice of Compliance from Health Canada granting market authorization for Amikacin, an antibiotic used within the hospital setting. The Quebec-based specialty pharmaceutical company also said that shipments of Ethacrynate Sodium have commenced in the US market. “The approval of Amikacin adds to our portfolio of hospital specialty products, an important and growing part of our revenue stream,” said CEO Steve Saviuk in a statement. “We are also pleased with the commercial uptake of Ethacrynate Sodium, our first product launched in the U.S. market.”

Mandalay Resources Corporation (TSE:MND) (OTCQB:MNDJF) (FRA:R7X2) posted what it called a ‘stellar’ third quarter, showing the firm has ‘turned the corner’ financially and operationally, thanks to high metals prices and a continued strong performance from its Costerfield mine in Australia. The miner, which also operates the Björkdal mine in Sweden, said the numbers represented the third straight quarter of improved financials and cash generation and it expects the positive trend to continue.

BevCanna Enterprises Inc (CSE:BEV) (OTCQB:BVNNF) (FRA:7BC) announced the development of a new Beyond Energy all-natural hemp energy drink. The Vancouver-based infused cannabis drinks giant said the new Beyond Energy hemp energy drink launched in partnership with the Naturo Group, will be sold under BevCanna’s flagship house brand, Anarchist Mountain Beverages. Made with natural mineral spring water, Beyond Energy has natural yuzu and lime flavours, caffeine from natural tea, ginseng, B and D vitamins, and hemp seed extract. The company said the partnership with Naturo will bring access to over 3,000 distribution points, and manufacturing expertise.

GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GRSLF) (FRA:GPE) posted positive news from its San Marcial silver project in Mexico, saying it had uncovered new high-grade mineralization, while a new access road was being built. The road is to access a tunnel, which has been expanded ahead of underground drilling and the work exposed a new section of the footwall zone of the NI 43-101 resource in areas previously deemed unmineralized, the company said.

Ideanomics (NASDAQ:IDEX) (FRA:0V5) announced Thursday it has signed a definitive stock purchase agreement to acquire 100% of privately held Timios Holdings Corp in an all-cash deal. Timios, a nationwide title and settlement solutions provider, has been expanding in recent years through offering innovative and freedom-of-choice-friendly solutions for real estate transactions, including residential and commercial title insurance and closing and settlement services, as well as specialized offerings for the mortgage industry. In a statement, Ideanomics said it expects that Timios will become one of the cornerstones of Ideanomics Capital, its fintech business unit that focuses on leveraging technology and innovation to improve efficiency, transparency, and profitability for the financial services industry. The company noted that Timios combines difficult to obtain licenses, a knowledgeable and experienced team, and a scalable solutions platform to deliver best-in-class service through both centralized processing and a localized branch network. 

New Pacific Metals Corp (CVE:NUAG) (OTCQX:NUPMF) (FRA:3N7) reported third-quarter financial results after the bell Wednesday, revealing C$68.9 million in cash-on-hand to advance its Silver Sand and Silverstrike projects in Bolivia. During the quarter, New Pacific continued to expand the Snake Hole zone at Silver Sand, intersecting 30.9 meters (m) at levels of 159 grams per ton (g/t) of silver, including 12.2m at 354 g/t silver.

American Battery Metals Corporation (OTCQB:ABML), which is in the process of changing its name to American Battery Technology Company (ABTC), has appointed Scott Jolcover as chief resource officer. In a statement Thursday, the company said Jolcover will oversee its land assets and all current claims, as well as potential acquisitions and mergers, and strategic resource partnerships. He assumes his new role on November 22. He has 45 years of experience in mining, gaming, real estate, and construction. Most recently, he was director of development and general site manager for Comstock Mining Inc where he managed all commercial transactions, including land, water, and other major capital expenditures and acquisitions. 

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF), a provider of contact tracing and artificial intelligence to drive automated marketing, said that it will launch Artificial Intelligence-verified mobile video review platform UKLIPZ for consumers and brands in January 2021. The Vancouver-based advanced technology company said the platform will allow consumers to create verified reviews using mobile video that can also be used, purchased or analyzed by brands and retailers to drive engagement and sales. Loop acquired UKLIPZ in September 2019.

Karora Resources Inc (TSE:KRR) (OTCMKTS:KRRGF) (FRA:5RN1) posted strong third-quarter results on Thursday morning that saw the miner deliver revenue of US$59.4 million, thanks to record low all-in-sustaining costs (AISC) at its Higginsville gold operation in Western Australia. The Toronto-based company produced a total of 24,717 gold ounces from Higginsville and Beta Hunt during the three-month period to end September 2020, with AISC coming in at US$1,044 – lower than the firm’s annual guidance of between US$1,050 to US$1,200.

Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) has announced that the first metallurgical test results from the Hinge Zone, its 100% owned Dixie Project in the Red Lake district of Ontario showed gold recoveries as high as 97%. The company said the gold recovery percentage is similar to those reported from other mines in the Red Lake area. Great Bear added that additional metallurgical test work consisting of sodium cyanide bottle roll tests on samples from the Hinge, Limb and LP Fault zones on the Dixie Project are currently underway. The company said it will also begin gravity circuit recovery tests in 2021.

African Gold Group Inc (CVE:AGG) (OTCMKTS:AGGFF) (FRA:3A61) Thursday said its latest batch of drill results from the Kobada Gold Project in Mali have “exceeded expectations,” as recent infill drilling has “both confirmed grade and extended oxides to greater depths” that should allow the company to upgrade a large portion of its Inferred Resources into the Measured & Indicated category. Its latest drill results included 1.44 grams per tonne (g/t) gold over 68.0 metres (m) from 90.0m to 158.0m, as well as 11.44 g/t gold over 2.0m from 26.0m to 28.0m. 

Yorkville Asset Management has said it recently negotiated and funded a $32 million secured debt facility with investee company Southbridge Health Care LP to help fund the development of five Ontario-based long-term healthcare facilities. The Toronto-based investment company said that the debt facility will be used as the initial equity to start construction along with an additional $100 million facility from Bank of Montreal. The secured financing includes a five-year term, matching BMO’s terms, and carries an annual interest rate of 8.5% as well as an initial structuring fee payable to Yorkville Private Lending LP and the Yorkville Long Term Health Care Fund.

Esports Entertainment Group (NYSEAMERICAN:GMBL), a diversified esports and online wagering company., has announced that it will be presenting at this year’s virtual Fall Investor Summit on November 16-18, 2020. The Fall Investor Summit will take place virtually, featuring 75 companies and over 300 institutional and retail investors. The Investor Summit (formerly MicroCap Conference) is an exclusive, independent conference dedicated to connecting smallcap and microcap companies with qualified investors. For complimentary investor registration, visit the website at www.investorsummitgroup.com.

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/933845/na-proactive-news-snapshot-valeo-pharma-mandalay-resources-bevcanna-enterprises-gr-silver-mining--933845.html


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