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NA Proactive news snapshot: Snowline Gold, Playgon Games, KULR Technology Group, Esports Entertainment Group UPDATE …

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Snowline Gold Corp (CSE:SGD) (OTCPINK:SNWGF) has said that it will initiate a fully funded 2021 exploration program in the first week of June at its flagship Einarson and Rogue projects in Yukon’s metal-rich Selwyn Basin, in Canada. The Yukon territory-focused gold exploration company said that discovery-stage drilling at Einarson and Rogue is designed to follow up multiple zones of high-grade gold found on surface, which included up to 34 grams per metric ton (g/t) of gold at Einarson, and up to 152 g/t gold at Rogue. “Geological programmes will also include the assessment of structural and lithological controls on mineralization in the region,” said the company.

Playgon Games Inc (CVE:DEAL) (OTCQB:PLGNF) (FRA:7CR) said it has signed, through its distribution partner, a software license and distribution agreement with Isle of Man-based Solid Gaming. Under the agreement, Playgon said Solid Gaming will add and market Playgon’s proprietary mobile-first live dealer and E-table offerings under the Vegas Lounge brand to its content library for availability and distribution to all of Solid Gaming’s global client base. The agreement is for three years with license fees based on commercial revenue sharing rates, said Playgon, noting that integration work is already complete and client on-boarding will start immediately.

KULR Technology Group Inc (OTCQB:KULR) has said it will serve as a sponsor of IndyCar star Marco Andretti in the 105th annual Indianapolis 500 on Sunday. Andretti’s #98 Honda car represents a partnership between Andretti Herta-Haupert Autosport and the Curb-Agajanian motorsports team. As a corporate sponsor, the KULR logo will be featured on the side tire ramp of the race car, the company said. “[We are] excited to have KULR expand to our INDYCAR family for this year’s Indy 500,” Andretti Autosport VP Marissa Andretti said in a statement. “We already collaborate together on other motorsports projects, and we are both huge proponents of highlighting technical excellence, racing safety, and team building. I’m excited to see what we can accomplish together — both on and off the track.”

Esports Entertainment Group Inc (NASDAQ:GMBL) has signed an agreement to acquire sports betting operator Bethard Group Limited, which operates the business-to-consumer arm of Gameday Group PLC. Esports Entertainment will pay €16 million ($19.5 million) in cash and a 12% net gaming revenue share for two years, the company said. The deal is expected to close on July 1. Bethard generated $31 million in revenue in 2020, and as a result of the transaction, Esports Entertainment raised its fiscal 2022 revenue guidance from $100 million to $105 million.

Albert Labs has announced the chairs for its clinical and scientific advisory boards. In a statement, the private psychedelic medicine company said it has appointed Professor Jo Neill as chair of the Clinical Advisory Board and Parminder Singh to head the Scientific Advisory Board. “We are delighted to have such authority with Jo and Parminder, they bring a wealth of knowledge and expertise in each of their disciplines and we look forward to working with them in driving our Clinical and Scientific Advisory boards,” said Graeme McFarlane, the company’s chief commercial officer.

GoviEx Uranium Inc (CVE:GXU) (OTCQB:GVXXF) said it has started drilling at its Madaouela uranium project in Niger ahead of a planned feasibility study. The junior resource company told investors that work is “well underway” on a 13,000 metre program led by contractors ESAFOR and FORACO. “The five-month program is designed to also cover infrastructure, tailings, geotechnical studies, and reconfirmation of water supply from the recently published updated pre-feasibility study on the project,” GoviEx CEO Daniel Major said in a statement.

District Metals Corp (CVE:DMX) (OTCMKTS:MKVNF) (FRA:DFPP) has reported assay results for the first three holes from the initial drill program at the company’s polymetallic Tomtebo property in Sweden. Drill results included 8.2 metres (m) of 10.3% zinc, 4.5% lead, 66.2 grams per tonne (g/t) silver, 1.7 g/t gold, and 0.08% copper starting at a depth of 65.3m. “By any metric the high grades of polymetallic mineralization we have encountered over significant widths in our first three drill holes at Tomtebo have clearly exceeded our expectations,” District Metals CEO Garrett Ainsworth said in a statement.

Electric Royalties Ltd (CVE:ELEC) (OCTMKTS:ELECF) has outlined highlights from what it called an “incredible quarter of growth” for its asset portfolio, which included commodities titan Glencore PLC agreeing to support the development of Mont Sorcier iron and vanadium project in Quebec and a near 100% increase to the resource there. Electric Royalties has a portfolio of 12 royalties and four more acquisitions in progress. The company aims to take advantage of the demand for a wide range of commodities, such as lithium, vanadium, cobalt, nickel and copper, that are poised to benefit from the green revolution. “It is an exciting period of growth across our entire royalty portfolio, all of which comes at no dilution to Electric Royalties,” said Brendan Yurik, CEO of Electric Royalties in a statement.

Ximen Mining Corp (CVE:XIM) (OTCQB:XXMMF) said it has hired engineering firm Micon International Limited to develop a resource estimate for the new decline project on its Kenville Mine property. The resource estimate will support plans for a 10,000 tonne bulk sample and will focus on areas of the property that were not included in historic mineral estimates, according to Vancouver-based Ximen. Micon will put together an internal estimate to support planning for the bulk sample, the company said, which Ximen will then convert into a mineral resource estimate.

CleanSpark Inc (NASDAQ:CLSK) has been winning praise from International Land Alliance Inc (OTCQB:ILAL), a land investment and development firm. CleanSpark serves as the exclusive partner for the engineering, design, development, and controls of all renewable energy solutions across ILA’s property portfolio, including the company’s advanced solar-plus-storage power solutions at ILA’s Plaza Bajamar development in Mexico. “Solar is the premier electricity solution for sustainable housing and a key differentiating component for our developments in Baja California,” said ILA CEO Roberto Valdes in a statement. Meanwhile, in a separate statement, Solar Watt Solutions, a wholly-owned subsidiary of CleanSpark has announced a new partnership initiative with FAFCO, the nation’s oldest and largest solar thermal manufacturer, to expand CoolPV Operations into Malibu, Santa Barbara and the San Fernando Valley in California.

GoviEx Uranium Inc (CVE:GXU) (OTCQB:GVXXF) has started drilling at its Madaouela uranium project in Niger ahead of a planned feasibility study. The junior resource company told investors that work was “well underway” on a 13,000 metre program led by contractors ESAFOR and FORACO. “The five-month program is designed to also cover infrastructure, tailings, geotechnical studies, and reconfirmation of water supply from the recently published updated pre-feasibility study on the project,” GoviEx CEO Daniel Major said in a statement.

Canntab Therapeutics Limited (CSE:PILL.CN) (OTCQB:CTABF) (FRA:TBF1.F) has announced the passing of Jeffrey Ward Renwick, the company’s co-founder, director and president after a long and difficult 15 month battle with lung cancer at the young age of 54 years. Richard Goldstein Canntab co-founder and CFO said: “I lost my brother, co-founder and partner of 17 years. He was such a positive influence on anyone he met and will be sorely missed by all. Jeff had the vision of developing a solid dose pharmaceutical grade medical cannabis tablet. Our ongoing commitment to that vision will drive the entire team at Canntab to ensure Jeff’s legacy and that he is rightfully recognized as an innovator and pioneer in the field of medical cannabis.” In lieu of flowers, the company said donations can be made to the Jeffrey Ward Renwick Memorial Fund at Sunnybrooke Hospital in Toronto, Ontario, which will be established in the very near future.

Mydecine Innovations Group (NEO:MYCO) (OTCMKTS:MYCOF) (FRA:0NFA) said that it has received approval from Health Canada to “significantly expand” its cultivation capabilities at its current good manufacturing practice (cGMP) facility, at the Applied Pharmaceutical Innovation in Canada. The Denver, Colorado-based biopharma company focused on the research and development of alternative nature-sourced medicine, said that it would use the new guidance from Health Canada to expand its cultivation facilities and rapidly scale up the supply of pharmaceutical-grade psilocybin for both its internal clinical research and for its industry partners. “The increased cultivation will also allow the company to more efficiently and quickly study the medical utility of naturally occurring psilocybin and psilocybin-like compounds,” said the company. 

Fury Gold Mines Ltd (TSE:FURY) (NYSEAMERICAN:FURY) (FRA:AUN) has reported more encouraging drill results from its Eau Claire deposit in Quebec, including the fifth-best hole so far from 900 holes sunk at the asset. One hole hit 23.27 grams per ton (g/t) of gold over a width of 7.09 metres (m) from a depth of 319m in the southeast margin of the defined resource. This result showed the potential to significantly expand the resource down plunge to the east, where drilling will now continue, said the company.

KushCo Holdings Inc (OTCQX:KSHB) and Greenlane Holdings Inc (NASDAQ:GNLN) (FRA:G67) have announced the expiration of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in connection with their proposed merger. In a statement, KushCo said the transaction is expected to close in the third quarter of 2021, subject to the satisfaction or waiver of all remaining conditions in the agreement, including the receipt of all necessary approvals.  “We welcome this latest development in the formation of the combined company and look forward to continued progress on the remaining steps required to complete the transaction,” said Nick Kovacevich, KushCo’s co-founder and CEO. 

First Cobalt Corp (CVE:FCC) (OTCQX:FTSSF) (FRA:18P) revealed that it has further expanded its footprint at its Iron Creek project in Idaho, USA, by striking an earn-in deal for the Redcastle property, which spans 224 hectares, and lies immediately east of the project. The Redcastle property, optioned from Phoenix Copper Ltd, comprises 31 claims and expands the size of First Cobalt‘s ground to more than 1,820 hectares. It lies just east of the firm’s Ruby Zone cobalt-copper prospect, which is exposed at surface, and First Cobalt believes the sulfide mineralisation there extends into Redcastle.

Victory Square Technologies Inc (CSE:VST) (OTC:VSQTF) (FWB:6F6) has announced the launch of DiscreetCare, a full-service web app for the treatment of medical issues considered to be sensitive or delicate. Phase one of the DiscreetCare.com web app is focused on treating hair loss, erectile dysfunction, premature ejaculation, genital herpes, cold sores, acne and bladder control issues in the US. Phase two, expected to launch later this year, will offer at-home testing for sexually transmitted diseases (STDs), testosterone and fertility; in addition to treatment for a broader range of sensitive medical issues.

Silvercorp Metals Inc (TSE:SVM) (NYSEAMERICAN:SVM) (FRA:S9Y), the China-focused metals miner, has encountered “wide and high-grade” intercepts from this year’s exploration at the LMW mine, it said. The LMW mine is one of six underground mines at the company’s flagship Ying complex in the Ying mining district, which all feed two mills, and where exploration drilling and tunneling work is currently ongoing at all mines. Currently, ten drill rigs are turning at LMW and 116 diamond drill holes, including 100 underground holes and 16 surface holes totaling 22,890 metres (m), have been completed. Assays for 101 holes have been received, with 53 hitting many zones of high-grade silver. In addition, 3,352m of exploration tunnels have been developed at the LMW mine between October 1, 2020, and May 1, 2021.

CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) has announced a commercial installation sale of its CO2 Delivery Solutions system to a US distributor. CO2 Delivery Solutions systems create a saturated CO2 solution that, when misted onto plants, provides growers that cannot use CO2 gas with the opportunity to increase plant yields by up to 30% and profits by up to 100%, the company said. Applying saturated CO2 also suppresses the development of pathogens such as E.coli and powdery mildew, helping reduce crop losses. 

American Battery Metals Corporation (OTCQB:ABML) and Cicle Inc are partnering to create the first-of-its-kind centralized service operations for the collection and recycling of electric vehicle batteries at Cicle EV ChargeParks. American Battery Metals, which is in the process of changing its name to American Battery Technology Company (ABTC), said the strategic partnership solves a critical renewable energy supply problem for the fast-growing EV ecosystem. The growth of EVs has so far relied on environmentally unfriendly and inefficient local power grids to supply energy for recharging short-range batteries in cars and trucks.

Namaste Technologies Inc (CVE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) has said that its CannMart Inc subsidiary is now distributing Phyto Extractions’ well-known shatter products nationally for its medical consumers at CannMart.com. The Toronto-based cannabis-focused e-commerce giant said that CannMart, which holds exclusive distribution rights to all Phyto Extractions products, will in all likelihood soon distribute the shatter products to recreational consumers through “anticipated future sales to provincial monopoly wholesalers.” A favourite among Cannabis enthusiasts, the shatter launches are with three of the most popular cannabis strain extracts on the market: Pink Kush, Blueberry Gorilla and Death Bubba.

PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1) announced it has launched the first set of its products on Hudson’s Bay Marketplace on thebay.com. The company said its offerings that are currently available for sale on Hudson’s Bay Marketplace include indoor house plants, as well as cosmetics and personal care products by its partner Nootka & Sea. 

Standard Uranium Ltd (CVE:STND) (OTCQB:STTDF) said it has mobilized its exploration team and drilling crew to its flagship Davidson River project in the Athabasca uranium district of Saskatchewan. The Vancouver-based company is planning a 10,000-metre drill program at the project to test the previously drilled Warrior and Saint trends, as well as testing the Thunderbird and Bronco trends for the first time. Davidson River is located near two major uranium projects in the Canadian province – Fission Uranium’s Triple R and NexGen Resources’ Arrow deposits. Drilling is set to begin in the first week of June, the company said in a statement.

Versus Systems Inc (NASDAQ:VS) (CSE:VS) (FRA:BMVB) revealed that it had just completed a beta test of its XEO engagement platform at the super middleweight title fight between Canelo Alvarez and Billy Joe Saunders at the AT&T Stadium, in Arlington, Texas, on May 8. While partnering with Crush, the Keurig Dr. Pepper brand, Versus created a digital experience that allowed fans to play mobile games for real-world prizes before and during the match. “While some campaigns are still in progress, Versus has already seen over 60% redemption rates on a number of reward campaigns,” said the company.

Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL) (FRA:G3U) has reported that movements have been detected in the west wall of the south-central portion of the Urucum Central South (UCS) open pit at Tucano in Brazil. The company said that heavy rainfall, well above the seasonal average, triggered higher phreatic levels in the west wall impacting slope stability and to ensure the health and safety of workers, mining activities in UCS have been temporarily halted. Great Panther added that the mill will continue to receive ore from the Urucum North open pit and from stockpiles.

HempFusion Wellness Inc (TSE:CBD.U) (OTCQX:CBDHF) (FRA:8OO) announced it has signed a definitive agreement to acquire Sagely Enterprises, Inc, trading as Sagely Naturals, a provider of  premium CBD products for women. The company said Sagely Naturals generated net revenue of over US$4.19 million in 2020 and will boost HempFusion’s retail distribution by an additional 14,000 plus stores.

Xigem Technologies Corporation (CSE:XIGM) (FRA:2C1) announced that Carli Posner, CEO of the award-winning media company The Notable Group, has joined its advisory board. The Notable Group, of which Posner is also the principal, consists of a full-service marketing agency and two leading digital publications, Notable Life and Refined Society, which serve Canada and the US. Earlier in her career, Posner worked for Canada’s largest network, where she was an executive producer on top television shows and oversaw multiple departments, including premium sponsors, talent and media strategy.

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) announced it had confirmed the presence of “significant amounts” of high-tech metals in samples taken from the Tiria-Shimpia prospect. Assays from the laboratory indicated the presence of gallium and indium, which are used in products like smartphones and solar cells. Gallium in particular is used in gallium arsenide semiconductor chips, enabling electrons to pass through faster than in conventional silicon chips and used to support 5G technologies.

Midwest Energy Emissions Corp. (OTCQB:MEEC), known as ME2C Environmental, has announced that on May 20, 2021, a US District Court Magistrate Judge for the District of Delaware issued a Report and Recommendation that pending patent litigation which commenced in 2019 should be allowed to move forward against 16 key refined coal process defendants named in such lawsuit. “We are extremely pleased with the Court’s recommendation against those entities whom we believe have been infringing on our patented mercury capture technologies since the inception of the refined coal program,” said Richard MacPherson, CEO of ME2C Environmental. “The defendants in this case tried unsuccessfully to shut this case down altogether and deny us our day in court at trial but have failed.”

Sassy Resources Corporation (CSE:SASY) (OTCQB:SSYRF) (FRA:4E7) has announced that Terence F. Coughlan, the founding chief executive officer of producer GoGold Resources, has joined the company’s board of directors. The company noted that Coughlan brings significant additional strengths to the Sassy board at a time of transformative developments for it in both Newfoundland and Northwest British Columbia’s prolific Eskay Camp. In a statement, Coughlan commented: “I’m very familiar with Newfoundland, and that’s actually where GoGold got its start many years ago. After serving as a technical adviser with Sassy, I’m eagerly joining the Board to play an even bigger role with a company I believe is extremely well positioned on every front from property holdings to management, share structure and financial strength. Sassy has accomplished much in its first year as a publicly-traded company and I’m looking forward to even more exciting times ahead.”

Sharing Services Global Corporation (OTCQB:SHRG) has congratulated Alpine 4 Holdings, Inc. (OTCQB: ALPP) on its recent acquisition of Alternative Labs, LLC. “We are pleased to see Alpine 4 make this acquisition and have had great communication and meetings with both executive teams to ensure that the supply chain process and manufacturing quality is elevated to a higher standard,” said John ‘JT’ Thatch, CEO of SHRG. “Kent Wilson, and his entire team have been great to work with and we look forward to expanding our relationship with them and exploring the many opportunities that Alpine 4 has to offer. We look forward to working in partnership with another publicly-traded company whose other clients include Fortune 500 companies.” Wilson, CEO of Alpine 4, added: “As we went through the due diligence process in our acquisition of Alternative Labs, it became apparent what an important and impressive company SHRG and its subsidiaries are to the wellbeing of many Americans. We are proud to blend and manufacture their top-quality products and look forward to assisting them as they grow to new levels!”

Willow Biosciences Inc. (TSX:WLLW) (OTCQX:CANSF) has announced that it will be presenting on a panel with other industry leaders at SynBioBeta’s “Celebrating Synthetic Biology Breakthroughs in Biopharma” conference on May 26, 2021, from 11.30am to 12.15pm PST. SynBioBeta is the premier innovation network for biological engineers, investors, innovators and entrepreneurs who share a passion for using biology to build a better, more sustainable universe. They provide their community members with personal and professional development support, as well as valuable opportunities for partnership, collaboration, networking, and education. They host the Global Synthetic Biology Summit in San Francisco in October each year, which showcases the cutting-edge developments in synthetic biology that are transforming how we fuel, heal, and feed the world.

Amarillo Gold Corporation (CVE:AGC) (OTCQB:AGCBF) has this week launched its new website featuring a design that is consistent with a rebrand implemented earlier in the year. The new website consolidates information about the company and its projects in a more streamlined and accessible way. The website address – www.amarillogold.com - remains the same. “Launching this new website marks the start of our renewed commitment to communicate more often with shareholders,” said Mike Mutchler, Amarillo’s president and chief executive officer in a statement. “We are starting a very aggressive marketing campaign across several different channels and have planned quarterly webcasts. Together, these will keep our shareholders up-to-date on our progress as we continue to work toward securing construction financing and breaking ground on our Posse Gold Project in Brazil.” Amarillo’ said its first quarterly webcast will be held on Wednesday, June 2, 2021, at 11.00am. In addition, Amarillo has relaunched its social media presence, and is now actively updating its LinkedIn, Twitter, and YouTube feeds. The company can be followed @AmarilloGold on Twitter and under Amarillo Gold Corporation on LinkedIn and YouTube.

TRACON Pharmaceuticals (NASDAQ:TCON) has announced that Charles Theuer, its president and chief executive officer, will present a corporate overview at the Jefferies Virtual Healthcare Conference on June 4, 2021, at 2.30pm Eastern Time. To access a live webcast of the presentation, investors can visit the “Events and Presentations” page within the “Investors” section of the TRACON Pharmaceuticals website at www.traconpharma.com.

QC Copper and Gold Inc. (CVE:QCCU) has said it will present a technical webinar on its flagship Opemiska Copper Mine Complex. This 17-minute webinar is hosted by VP Exploration Charles Beaudry who details his thesis on the unique geology of Opemiska, and how the company’s recently completed 20,000 metre drill campaign will deliver Opemiska’s first resource estimate. To view the QC Copper & Gold: Technical Webinar investors can use the following link: https://www.youtube.com/watch?v=XhbPLITwlsM

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Integrated Financial Holdings, Inc. (OTCQX IFHI), a financial holding company based in Raleigh, North Carolina, has qualified to trade on the OTCQX Best Market. and has today upgraded from the OTC Pink market. Graduating to the OTCQX Market represents an important milestone for Integrated Financial Holdings as they continue to bring future-thinking ideas and product accessibility to their clients and partners. The OTCQX Market enables financial service companies to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Eric Bergevin, president & CEO of Integrated Financial Holdings said: “It has been our vision to systematically build out integrated financial service capabilities and assets all under one roof as we continue to grow. Joining the OTCQX market is yet another step in the right direction for our Company and not only supports our mission to increase long-term shareholder value, but also to reshape the future of the financial service industry on a broader stage.”

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Global Clean Energy Holdings, Inc. (OTCQX:GCEH), a renewable fuels company, 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. “We are proud to be upgrading to the OTCQX Best Market, the highest tier market that the OTC offers,” said Richard Palmer, GCEH CEO. “This move showcases our growing company to a wider pool of both institutional and retail investors, while providing greater transparency to our current and future shareholders.”

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