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NA Proactive news snapshot: Adastra Labs, O3 Mining, KWESST Micro Systems, HighGold Mining, Empower Clinics ...

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Adastra Labs Holdings Ltd (CSE:XTRX) (FRA:D2EP), the cannabis processing and analytical testing services company, said it nearly doubled its quarter-over-quarter revenue in its third-quarter, thanks to its ongoing relationship with online store CannMart Inc. The company posted C$825,000 in revenue during 3Q, an increase of 190% compared to C$428,000 in the previous quarter, while its year-to-date revenue came in at nearly $1.3 million.  Langley, British Columbia-based Adastra told shareholders that the revenue growth was thanks to its relationship with CannMart, as well as a biomass agreement with Pure Sunfarms that allows for a consistent supply of high-quality input material.

O3 Mining Inc (CVE:OIII) (OTCMKTS:OQMGF) is poised to further advance its Garrison project in Kirkland Lake, Ontario, after a preliminary economic assessment (PEA) showed the asset to have robust returns and attractive costs. “Garrison has been in the shadow of our Marban and Alpha properties in Québec but as this PEA shows, it is an integral part of the value proposition of O3 Mining,” noted the explorer’s CEO Jose Vizquerra in a statement. The independent study was carried out by Ausenco and was based on an 11,000 tonnes per day (tpd) open pit mining with carbon-in-leach processing with production spanning 12 years.

KWESST Micro Systems Inc (CVE:KWE) announced Monday a follow-on order for about C$ 1.1 million with a key US military customer to expand use of the company’s TASCS IFM system in military exercises. The Ottawa-based said the contract, a key precursor to wider adoption, is for application of the TASCS IFM system on the 81mm mortar platform. The technology transforms the platform into a “smart” weapon system with greater accuracy and faster response time, improving soldier survivability and operational effectiveness. Work under the order is scheduled to commence immediately.

HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) has increased the size of its Munro-Croesus gold project in Timmins, Ontario by 40% and plans to drill there again in February next year.  On Monday, the company announced it had acquired, with cash and shares, three new properties from various arm’s length vendors, consolidating its ground into one contiguous property with an area of 28 square kilometres (sq km).

Empower Clinics Inc (CSE:CBDT) (OTCQB:EPWCF) (FRA:8EC), an integrated healthcare company serving patients through its clinics and telemedicine platforms, announced on Monday that it received in excess of $5.5 million from the exercise of warrants up to December 11, 2020.  The Vancouver-based company said the proceeds were received over the past four trading days as a result of strong equity market support for the momentum demonstrated by the company. It serves as an “indication of the strength of Empower’s shareholder base,” said the company. 

Energy Fuels Inc (TSE:EFR) (NYSEMKT:UUUU) has said it is set to become the first US company in several years to produce a marketable mixed rare earth element (REE) concentrate ready for separation on a commercial scale. This comes after the group announced that it has entered into a three-year supply agreement with The Chemours Company (NYSE:CC) to acquire a minimum of 2,500 tons per year of natural monazite sands from the Offerman Mineral Sand Plant in Georgia. Energy Fuels said it plans to process the monazite at its White Mesa Mill in Utah beginning in 1Q 2021, while also recovering the contained uranium, which it believes represents an important step toward re-establishing a fully-integrated US REE supply chain.

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) (FRA:2UE) announced Monday that it has received an inaugural order from Alberta Gaming, Liquor & Cannabis to sell Heritage products in the province.  Alberta customers will soon be able to purchase all seven vape cartridge products offered by Heritage, including Pura Vida CBD 4:1 Honey Oil, and Indica, Sativa, and Hybrid Honey Oil vape cartridges, as well as Purefarma Moon, Sun, and CBD Earth vape cartridges.  Heritage, which launched both Pura Vida and Purefarma vape cartridges in September 2020, said the response by customers has been tremendous in the three provinces in which they are available – British Columbia, Manitoba, and Saskatchewan – as well as across Canada on the Patient Choice platform

Steppe Gold Limited (TSE:STGO) (FRA:2J9) said it aims to list its shares on the Mongolian Stock Exchange (MSE) in April next year or before, in a bid to allow more investors from the country to participate in its success. The miner has hired Ard Securities as lead advisor and underwriter in connection with the proposed secondary listing, which it plans to combine, with a share placing. “Steppe Gold already has over 20% of its shares owned by Mongolian investors and, with this move, we are reaffirming our commitment to enable more Mongolians to share in the success of Steppe Gold,” said Bataa Tumur-Ochir, Steppe Gold’s CEO, in a statement.

Metalla Royalty & Streaming Ltd. (CVE:MTA) (NYSEAMERICAN:MTA) said it has completed the previously announced share purchase agreements with Genesis Gold Corporation and Geological Services Inc., two privately held Utah corporations, whereby the company has acquired 100% of the issued and outstanding shares of Genesis and Geological for a total consideration of US$4.125 million (with US$1.0 million paid in cash and the issuance of 401,875 common shares to be completed on January 4, 2021 as a milestone payment in accordance with the Purchase Agreements). Genesis and Geological hold a portfolio of eleven royalties in Nevada and Utah as described in Metalla’s news release dated November 4, 2020.

American Manganese Inc. (CVE:AMY) has said it intends to conduct a non-brokered private placement of 521,000 flow-through units at 24 cents per unit. Each flow-through unit consists of one flow-through common share of American Manganese and one warrant. Each warrant will be exercisable for one common share at a price of 30 cents per share for a period of two years from the warrant issuance date. The proceeds will be used to finance exploration of the company’s Canadian mineral properties. All securities issued pursuant to the offering will be subject to a hold period of four months.

Byrna Technologies Inc. (OTCQB:BYRN) (CSE:BYRN) said it has granted stock options totaling 120,000 shares to three employees for exemplary work. All options have five-year terms, an exercise price of $1.70 and will vest in three equal tranches over a 3 year period. 

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) said it has accepted the resignation of its auditor MNP LLP as of December 8, 2020, and that the board of directors of the company has appointed Davidson & Company LLP  as the company’s auditor effective December 8, 2020, until the next annual general meeting of the company. There were no reservations or modified opinions in the former auditor’s audit reports for the company.  Additionally, the company has appointed Umar Syed as Corporate Secretary of Heritage, effective December 8, 2020.

Sanatana Resources Inc (CVE:STA) said the TSX Venture Exchange has accepted for filing a royalty assignment agreement dated October 30, 2020, between Sanatana and Ely Gold Royalties Inc., whereby the company has agreed to assign its interest in a 1% net smelter return (NSR) royalty on the Watershed property, located in Chester and Yeo counties in Ontario for the consideration of $2.5 million in cash and one million warrants of Ely Gold, exercisable at $1.31 per share for five years. Separately, Sanatana said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on December, 11, 2020, which will see the issue of 1,666,666 shares at a purchase price of 30 cents each with one place.

Ridgeline Minerals Corp. (CVE:RDG) (OTCQB:RDGMF) announced that it has qualified for trading on the OTCQB Venture Market in the United States operated by the OTC Markets Group Inc. under the symbol “RDGMF.” The company’s common shares will continue to trade on the TSX Venture Exchange under the symbol “RDG”. Chad Peters, Ridgeline president, CEO and director commented, “The listing of our shares on the OTCQB is an important milestone for the Company and a means of enhancing our visibility to prospective US investors. With a new oxide, silver-gold discovery at our Selena project this listing will promote greater exposure and liquidity as we head into what will surely be another exciting year for Ridgeline.”

RedHill Biopharma Ltd. (NASDAQ:RDHL), a specialty biopharmaceutical company, announced that the company has been selected for addition to the NASDAQ Biotechnology Index (NASDAQ:NBI). The addition to the NBI will become effective prior to market open on Monday, December 21, 2020. The Index is used to designate a set of NASDAQ-listed securities to be acquired as part of index-defined funds to be used in investment portfolios. Companies in the biotechnology index must meet eligibility requirements, including minimum market capitalization, average daily trading volume, seasoning as a public company, and other criteria. The index is evaluated annually and serves as the basis for the iShares NASDAQ Biotechnology Index Fund.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for over 11,000 US and global securities, has announced that Lightwave Logic, Inc. (OTCQX:LWLG), a development stage company focused on a portfolio of organic polymers, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. The OTCQX Market provides investors with a premium US public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

Bragg Gaming Group Inc (CVE:BRAG) (OTCMKTS:BRGGF) has announced that it will present at the 13th annual LD Micro Main Event investor conference on Tuesday, December 15, 2020, at 12.20pm. EST. Yaniv Spielberg, chief strategy officer of Bragg will present to a live, virtual audience. “This is an excellent opportunity to share the compelling Bragg story with a highly targeted audience,” Spielberg commented. “The LD Micro conference has a strong history of bringing unique companies together with global investors, and the new format will allow us to engage directly with the participants.” The LD Micro Main Event will feature a new and unique format, with companies presenting for 10 minutes, followed by 10 minutes of Q&A by a panel of investors and analysts. Investors can register via the following link: https://ve.mysequire.com/

Humanigen, Inc. (NASDAQ:HGEN), a clinical-stage biopharmaceutical company focused on preventing and treating an immune hyper-response called ‘cytokine storm’ with its lead drug candidate, lenzilumab has announced that the company’s management will present at the PNC Bank & Solebury Trout COVID Webinar and LD Micro Investor Conference on December 15, 2020. Cameron Durrant, chief executive officer of Humanigen, will provide an overview of the company’s programs and share an update on enrollment for its Phase 3 clinical trial of lenzilumab in patients hospitalized with coronavirus (COVID-19). Details for the upcoming virtual investor conferences are below: PNC Bank & Solebury Trout COVID Webinar Presentation Time: 12.00pm-1.00pm EST; Registration Link: https://soleburytrout.zoom.us/webinar/register/WN_nuoXoYA5RgaE48ySN5Orxg; LD Micro Investor Conference Presentation Time: 2.20-2.40pm EST; Event Link: https://ve.mysequire.com/company?company_id=cad83061-5508-4a9a-8edf-9423f1bc869c

American Resources Corporation (NASDAQ:AREC), a next-generation and socially responsible supplier of raw materials to the new infrastructure marketplace, announced that Mark Jensen, its chairman and CEO will present at The 13th Annual LD Micro Main Event Virtual Conference on Tuesday, December 15, 2020, at 11.40am ET. As part of his live video presentation, Jensen will provide an overview of American Resources’ business strategy and how the Company is well-positioned to be a prominent supplier of critical raw materials to the modern-day infrastructure market and emerging economy. Investors and interested parties can register and access the presentation by clicking here – https://ve.mysequire.com/company?company_id=9e5338a4-743e-468e-b4e4-fae6cf20f144 – as well as the Investor Relations section of the company’s website: americanresourcescorp.com

Ideanomics (NASDAQ:IDEX) has announced that its CEO, Alf Poor, will present at the 23rd Annual Needham Growth Conference on January 15, 2020, at 2.45pm ET. To view the webcast live please use the following link: https://wsw.com/webcast/needham103/idex/2236860. A replay will be available on the company website for 90 days from the event date. A link will be made available here: https://investors.ideanomics.com/Needham23rd

Life Sciences Investor Forum has announced the agenda for its quarterly event for public and private companies, investors and industry professionals from around the world. This day-long virtual event will showcase live company presentations and interactive discussions focused on the life sciences industry. Individual investors, institutional investors, advisors and analysts are invited to attend. The program opens at 9.15am ET on Thursday, December 17, 2020, with the first live webcast at 9.30am ET. Investors can register at: https://bit.ly/3oTRSRH

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/936448/na-proactive-news-snapshot-adastra-labs-o3-miningkwesst-micro-systemshighgold-miningempower-clinics--936448.html


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