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NA Proactive news snapshot: Sanatana Resources, Globex Mining Enterprises, American Manganese, Next Green Wave, Esports Entertainment UPDATE…

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Sanatana Resources Inc (CVE:STA) said it has received a Letter of Intent (LOI) from the Solomon Islands Ministry of Mining, Energy and Rural Electrification for exclusive negotiations with local landholders to acquire the prospecting and exploration rights to the Sutakiki mineral tenure in the Solomon Islands, which would also involve a joint venture agreement with Cobre Nuevo Exploration. The company noted that the 188 square kilometre (sq km) Sutakiki mineral tenure is considered prospective for copper-gold porphyry-style mineralization. It is also located directly south of, and borders, the more than four million ounce Au Gold Ridge property, which is targeted for production in mid-2021.

Globex Mining Enterprises Inc (TSE:GMX) (OCTMKTS:GLBXF) said more work was warranted after it received drill assays from three holes at the Knutson portion of its Laguerre-Knutson-Raven River gold property in Ontario. The three holes totaling 759 metres (m) each hit three zones of geology, which corresponded to the downward projection of the mineralized zones. Assays included 0.66 grams per ton (g/t) gold from a true width of 2.83m at Knutson No 2, including 1.28 g/t gold over 1.16m. At Knutson East, 1.10 g/t gold was found over 5.66m, including 6.96 g/t of the yellow metal over 0.46m.

American Manganese Inc. (CVE:AMY) said its RecycLiCo pilot plant leach stages achieved 99.7% extraction of lithium, nickel, manganese, and cobalt with continuous operation. The group said these extraction results can be attributed to the company’s earlier pilot plant optimizations that include engineering upgrades and processing parameter modifications. Subsequently, the pregnant leach solution (PLS) from the successfully leached lithium-nickel-manganese-cobalt oxide (NMC) cathode scrap material will be prepared for the technical feasibility project, formally known as, Synthesis of Cathode Material Precursors from Recycled Battery Scrap. The prepared PLS is to be integrated with the company’s recently acquired and specialized cathode precursor precipitation reactor. 

Japan Gold Corp (CVE:JG) (OTCQB:JGLDF) (FRA:2LD) updated investors on drilling at its Ohra-Takamine project, a site of previous production, on the island of Kyushu, where one hole has been completed and a second was started this month. The two holes have been sited along an open ended, 3.5km corridor of alteration and epithermal mineralization defined by the Ohra, Takamine and Urushi historic mines, where mining was halted in 1943 by the government-imposed moratorium. The first hole was sunk below the Urushi Mine workings and completed on November 10 at a depth of 602 metres (m). An initial batch of samples from the upper part of the hole were dispatched in mid-October and the remaining samples have now been sent. Final lab results are not expected until early 2021.

Canntab Therapeutics Limited (CSE:PILL) (OTCQB:CTABF) (FRA:TBF1.F), the leading innovator in cannabinoid and terpene blends in hard pill form for medical and therapeutic applications, has completed its first delivery of SKU’s ordered by MediPharm Labs Corp (TSE:LABS) (OTCMKTS:MEDIF). In a statement Tuesday, Canntab said the total purchase order is about $1.3 million and it intends to deliver the entire order by the end of 2020. So far, two of the five SKUs (stock-keeping unit) have been delivered.

BioLargo Inc (OTCQB:BLGO) announced Tuesday that subsidiary ONM Environmental Inc recently installed several large and financially significant CupriDyne Clean air quality control systems at public and private landfills. BioLargo said these projects are noteworthy because of their size, sophistication, and scope relative to past projects. They feature CupriDyne Clean, the company’s award-winning, cost-effective volatile organic compounds- (VOCs) control product that eliminates odor-causing compounds and VOCs rather than masking them. In a statement, the company said these most recent projects are driving increasing sales for ONM in recent months and management anticipates the projects will propel the company to record revenues in the fourth quarter, assuming no delays in project execution occur as a result of significant new COVID-19-related government shutdowns or regulations. These projects also include the use of ONM’s turnkey, self-contained misting trailers.

Elys Game Technology Corp (NASDAQ:ELYS) posted a third-quarter results on Tuesday that saw its revenue jump 44% year-over-year on the back of strong growth in its web-based gaming turnover which more than doubled. For the period ended September 30, 2020, the global sports betting and interactive gaming technology company posted $9.7 million, compared to the third quarter in 2019.

Next Green Wave Holdings Inc (CSE:NGW) (OTCQX:NXGWF) announced Tuesday that November brought the company’s second month in a row with adjusted EBITDA of roughly US$1 million. The company posted more than US$1.65 million of revenue in November, along with total cash costs to achieve said revenue of approximately US$650,000. During the third quarter, NGW saw revenue above US$1 million each month. NGW also announced that director Paul Chow has resigned to pursue other business opportunities.

Esports Entertainment Group Inc (NASDAQ:GMBL), an esports entertainment and online gambling company, told investors Tuesday that it is pleased to see proposed Canadian Federal Government legislation that would legalize single-event sports wagering in the country. The proposed bill, C-13, would give provinces and territories the ability to offer single-event sport betting products and the opportunity to manage single-event sport betting in their respective jurisdictions. In provinces and territories that choose to offer single-event sport betting, Canadians could gamble online or in physical facilities, the company said. The bill was introduced to the House of Commons and underwent its first reading on November 26.

Lexaria Bioscience Corp (OTCMKTS:LXRP) (CSE:LXX) has reported encouraging early results of studies, which used its DehydraTECH platform to deliver antiviral drugs to animals. The company’s technology was found to “significantly” improve the delivery of two classes of antiviral drugs – a protease inhibitor and a reverse transcriptase inhibitor.

WeedMD Inc (CVE:WMD) (OTCQX:WDDMF) (FRA:4WE) said its 3Q revenue rose by 8% quarter over quarter to $6.3 million, while its cultivation costs fell year over year. The company’s cultivation cost per gram for the quarter came in at $0.34, compared to $0.72 during the same period last year, while its adult-use kilograms sold increased by 24% from 2Q 2020. WeedMD CEO Angelo Tsebelis said in a statement: “Our revenue growth quarter-over-quarter demonstrates the current momentum we are seeing in our business, particularly in our adult-use segment where consumer appeal for our Color Cannabis products continues to grow.”

Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) revealed on Monday that Valmet, a leading global supplier of technologies and services for the pulp, paper and energy industries, has deployed Vuzix M400 Smart Glasses at PGE Group, the largest vertically-integrated electric utility in Poland. The Rochester, New York-based company said 1000 Realities, a team of augmented and virtual reality software experts, secured the PGE Group account. The company said that by using 1000 Realities’ innovative Edge Realities software platform and the Vuzix M400 Smart Glasses, operators at PGE Energia Odnawialna are now performing “maintenance services” at the Kisielice windfarm.

Zinc8 Energy Solutions Inc (CSE:ZAIR) (OTCMKTS:MGXRF) (FRA:0E9) told investors on Tuesday that being selected for a prestigious accelerator program aimed at reducing global carbon emissions will help speed the path to full commercialization of its technology in 2023. The tech group, which filed its third-quarter results on Monday, said its zinc-air battery energy storage system has been selected from 621 start-ups in 61 countries to join an initial cohort for the Rocky Mountain Institute and Nexus Energy’s ‘Third Derivative’ Accelerator Program. After the market close on Monday, Zinc8 said it had filed its third-quarter financial results to end-September 2020, in which it also reported the appointment of Sorin Spinu as its new chief financial officer as of  December 1 this year, succeeding Dr Michael Reimann, who is leaving to pursue other opportunities.

CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) has announced accelerated flowering results in ornamental orchid species receiving supplemental CO2 via its CO2 Delivery Solutions compared to a control grown under standard atmospheric conditions. The orchid growth trial began in April 2020 at St. Cloud State University’s greenhouse facilities in Minnesota, and as of mid-November, the CO2 supplemented orchids were achieving full bloom about three months faster than control orchids, the company said in a statement Tuesday. 

Thunderbird Entertainment Group Inc (CVE:TBRD) (OTCQX:THBRF) (FRA:32GA) posted strong fiscal 1Q 2021 results on Tuesday, showing an increase in revenue, off the back of a growing demand for content. The Vancouver-based production company saw total revenue for the three-month period to end September 30, of C$19.8 million, a 20% increase over the year-ago period. 

GlobeX Data Ltd (OTCQB:SWISF) (CSE:SWIS) announced Tuesday the launch of a new feature as part of its SekurMail solution, which is included in both its Sekur and SekurSafe security solutions. The new feature allows any subscriber to easily and seamlessly migrate their current email accounts, hosted with any other provider outside of GlobeX, to their Swiss-hosted SekurMail account included in all Sekur or SekurSafe secure data and communications solutions.

ImagineAR Inc (CSE:IP) (OTC:IPNFF) (FRA:GMS1) is helping an unlikely person stay safe from COVID-19 this holiday season, the company announced Tuesday: Santa Claus. Using the free ImagineAR app, Santa will be able to enter the homes of “good” boys and girls in full 3D through their parents’ smartphones, rather than chimneys. 

Tocvan Ventures Corp (CE:TOC) (FRA:TV3) announced Tuesday the start of its maiden drill program at the Pilar Gold-Silver Project in Sonora, Mexico. Phase I of the program plans for up to 1,500 meters (m) of reverse circulation (RC) drilling, utilizing one drill rig at the Pilar Main Zone, the company said in a statement.

HIRE Technologies Inc (CVE:HIRE) said Tuesday that it posted record third-quarter results that saw operational improvements anchor the company as it continued to see “demand for flexible work remaining steady.”  In a statement accompanying the numbers, HIRE Technologies CEO Simon Dealy said: “Our clients continue to trust HIRE for their staffing and placement needs in light of ongoing uncertainty surrounding COVID-19, with demand for flexible work remaining steady.”

Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLUF) (FRA:CCY) has said its main aim is to accelerate commercial production volumes from its K1 mine in Sri Lanka now that local coronavirus (COVID-19) restrictions have been eased. The company’s K1 and M1 sites in the country have now returned to full operations, it noted. The group also said it is continuing negotiations with graphite processors and end-users around the world in a bid to strike further sales since announcing its first two commercial deals earlier this year.

NexTech AR Solutions Corp (OTCQB:NEXCF) (CSE:NTAR) (FRA:N29) announced Tuesday that it has reached deals to establish seven additional strategic channel partnerships in the Asia Pacific region, bringing its total there to eight. These partner agreements support the e-learning market and MICE (meetings, incentives, conferences, and exhibitions) industries, two target sectors for NexTech. The company now has a presence in Korea, Malaysia, the Philippines and Singapore.

Avalon GloboCare Corp (NASDAQ:AVCO) has been featured in an article that will be running in Nature’s Biopharma Dealmaker December edition. The article can be accessed via the following link:

DRDGOLD shareholders (JSE:DRD) (NYSE:DRD) has said that at its annual general meeting (AGM) of shareholders held on Tuesday, December 1, 2020, all the ordinary and special resolutions, as set out in the notice of AGM dated October 29, 2020, were approved by the requisite majority of shareholders present or represented by proxy at the meeting.

Jay Taylor, in the November 17, 2020, edition of Gold, Energy & Tech Stocks, said buy Highgold Mining Inc. (CVE:HIGH), recently $2.35. He previously said buy for the first time on May 14, 2020, at $1.62. Highgold owns gold projects in Alaska and Ontario. It has been drilling its JT property in Alaska, with highlights including 18.1 metres of 14.1 grams per tonne (g/t) gold equivalent (AuEq), 34.9 metres of 5.9 g/t AuEq and 14.2 metres of 5.0 g/t AuEq. Some of the holes are right on the border of the existing resource, indicating expansion potential. The company still has three drill rigs on the property and is hoping to squeeze out another 2,500 metres of drilling before winter sets in. In addition, Highgold owns the Munro-Croesus property in Ontario, which has been less active than JT but, in Taylor’s view, holds “very exciting exploration potential.” The company started a 3,500-metre drill program at Munro-Croesus in late September. “There is so much to like about Highgold,” Taylor concluded, eagerly awaiting drill results.

Story by ProactiveInvestors


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