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NA Proactive news snapshot: Star Royalties, Tocvan Ventures, CytoDyn, First Cobalt …

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Star Royalties Ltd (CVE:STRR) (OTCMKTS:STRFF) reported first-quarter revenue of US$146,072, its initial quarter of revenue generation as a publicly-traded entity. The company ended the period with about US$19.4 million in cash as of March 31, 2021. “The first quarter of 2021 not only represented our transition to a public company with the completion of our upsized and oversubscribed IPO, where we raised gross proceeds of C$26.8 million, but also our first full quarter of revenue generation,” Star Royalties CEO Alex Pernin said in a statement.   

Tocvan Ventures Corp (CSE:TOC) (FRA:TV3) said it continues to unlock the potential of its flagship Pilar project in Mexico with the company’s latest drill assays. The company has reported results for the first three holes from its Phase II drill program, in which 17 holes have been sunk so far. Highlight results included an intercept starting from surface in one hole of 29 meters (m) at a grade of 0.71 grams per ton (g/t) gold. Within that hole was also a length of 6.1 meters at 1.9 g/t gold starting from a depth of 22.9m.

CytoDyn Inc (OTCQB:CYDY), which is developing Vyrologix (leronlimab-PRO 140) for multiple indications, has said that its Brazilian distribution partner Biomm SA (BVMF:BIOM3) plans to submit an authorization request to the Brazilian National Health Surveillance Agency (ANVISA), to conduct two Phase 3 clinical trials of leronlimab in Brazil for coronavirus (COVID-19) patients. The Vancouver, Washington-based late-stage biotech said the request will be submitted to ANVISA “in the next few days” to conduct two Phase 3 trials for a batch of critically ill COVID-19 patients, and another severely ill population. Once approved by ANVISA, the Phase 3 trials will be conducted by the Albert Einstein Israelite Hospital, an academic research organization in Brazil.

First Cobalt Corp (CVE:FCC) (OTCQX:FTSSF) (FRA:18P) filed its unaudited first-quarter financial results for the three-month period ended March 31, 2021, which showed it had cash of $16 million and working capital of $20.2 million. The Toronto-based company which aims to be a sustainable producer of battery materials said it remains “on schedule” to commission its expanded refinery in October 2022. That will make First Cobalt the only refiner of battery-grade cobalt sulfate in North America and the second-largest outside of China.

Imagine AR Inc (CSE:IP) (OTCQB:IPNFF) (FRA:GMS1) has been selected as one of the 10 finalists to participate in the Euroleague Basketball FanXP, a 10-week incubation project with top basketball clubs in Europe, the company announced.  FanXP, held in collaboration with all 36 Euroleague and Eurocup basketball clubs, gives start-up companies a chance to showcase their innovations, receive private mentoring sessions with Euroleague executives and test their products. As a finalist, ImagineAR will be asked to adapt its product to Euroleague Basketball’s ecosystem and propose a program to be conducted with the league or one of its clubs. As part of the competition, ImagineAR will participate in private keynote sessions with top Euroleague Basketball executives to get first-hand insights from the elite sports sector. 

AEX Gold Inc (LON:AEXG) (CVE:AEX) said critical contracts to advance the 2021 exploration and limited infrastructure early works programme at its Nalunaq gold mine in South Greenland have been signed and work is expected to start in early June. A tender process for the Internal third-party engineering study is also well underway with most interested parties having access to the Nalunaq project data room. The study, expected to be completed this year, will advance the process plant cost and supporting infrastructure cost. The project update was included within the gold exploration company’s first-quarter results. It ended the quarter to end March with a cash balance of C$55.0mln, with no debt, and total working capital of C$54.3mln.

Algernon Pharmaceuticals Inc (CSE:AGN) (OTCQB:AGNPF) (FRA:AGW) has pointed to a new study at the University of Szeged in Hungary, which points to the potential of psychedelic compound DMT to be used to treat stroke. A preprint of the study was published in May this year in the journal ‘Neuropharmacology’ and the research showed improved outcomes in a rat model, noted Algernon. Vancouver-based Algernon plans to be the first company in the world to pursue DMT as a treatment for stroke in humans and is aiming to begin a clinical trial in the fourth quarter of 2021.

Renforth Resources Inc (CSE:RFR) (OTCPINK:RFHRF) (FRA:9RR) has reported the results of the last hole from its 2020 drilling at the Parbec open pit gold deposit in Quebec, which again showed continuity of mineralization there. In the statement, the Quebec-focused explorer also revealed it was planning a maiden drill program on its wholly-owned Malartic West property, where a copper and silver surface discovery has been traced over around 175 metres (m), and also started first compilation work on Nixon-Bartleman, its wholly-owned gold property in Ontario, west of Timmins. 

Victory Resources Corporation (CSE:VR) (FRA:VR61) (OTCPINK:VRCFF)  said it was awaiting lab results after completing a sampling program at its Black Diablo property in Nevada, US. In a statement, the company revealed that 72 soil and 22 rock samples were collected in a bid to see whether the Black Diablo manganese oxide deposits are also home to copper. This area is considered to be a favorable tract for Cyprus-style volcanogenic massive sulfide (VMS) deposits by the United States Geological Survey (USGS), such as the copper-rich Big Mike deposit, which is around 10 miles to the south of Black Diablo.

Ayurcann Holdings Corp (CSE:AYUR) announced that it has struck a supply and manufacturing agreement with Joints Cannabis to supply CBD distillate, Isolate and THC distillate for its health and wellbeing products.  Toronto-based Ayurcann which is a one-stop-shop for Canadian-licensed producers seeking a branded product solution, noted that Joints Cannabis has “market-leading CBD products” like THC-free Repose T-Free Oils, balanced Recess 1:1 Oils and their full spectrum Respite CBD Oils. The products are available in Ontario through authorized retailers and the Ontario Cannabis Store website. 

Neo Lithium Corp (CVE:NLC) (OTCQX:NTTHF) revealed that it has intercepted a new deep brine aquifer on its 3Q lithium project in Argentina. The new aquifer is located outside of the current 3Q resource area, approximately 250 metres east of the 3Q project lake. Toronto-based Neo Lithium said it hopes to deliver a new resource update in 2Q 2021 that will include all the new, deeper and off-strike drill holes.

HempFusion Wellness Inc (TSE:CBD.U) (OTCQX:CBDHF) (FRA:8OO) said it has signed an exclusive sponsorship agreement with two-time Olympic Gold Medalist and five-time World Champion Kaillie Humphries as she completes for more gold medals for Team USA in both the Two-Woman Bobsleigh and the newly-introduced Women’s Monobob at the Olympic Games in Beijing in February 2022. As the exclusive CBD and probiotic sponsor of Kaillie Humphries, HempFusion, along with its Probulin brand, said it looks forward to delivering unique digital opportunities and marketing assets including branding on her apparel, social media campaigns, testimonials, personal appearances and more. “Partnering with a champion of Kallie’s stature provides us with an incredible opportunity to educate millions of fans around the world about the wellness benefits of both HempFusion CBD and Probulin Probiotics,” HempFusion Wellness CEO Jason Mitchell said in a statement.

Amarillo Gold Corporation (CVE:AGC) (OTCQB:AGCBF) ended its first quarter of 2021 with a healthy cash balance of C$40.7 million to help develop its Posse gold project in Brazil. Posse is a shovel-ready gold project that Amarillo expects to build within two years of breaking ground. The project is anticipated to produce 102,000 gold ounces per year in its first four years and have an average annual gold production of 84,000 ounces based on an initial 10-year mine life. Toronto-based Amarillo told investors that it is focused on finding the best construction financing option.

Nano One Materials Corp (CVE:NNO) (OTCPINK:NNOMF) (FRA:LBMB) announced that it has received conditional approval to list its common shares on the Toronto Stock Exchange under a new trading symbol “NANO.”  The lithium-ion battery cathode materials producer currently trades on the TSX Venture Exchange. Final approval of the listing remains subject to Nano One meeting certain customary conditions of the TSX, including the provision of final documentation, which the company expects to occur by the end of June. At that time, Nano One shares will also be delisted from the TSXV.

Century Global Commodities Corporation (TSE:CNT) announced that an Environmental Impact Statement (EIS) for the Joyce Lake Direct Shipping Iron Ore Project has been submitted to federal and provincial authorities. The company said its subsidiary and special purpose vehicle Joyce Direct Iron Inc (JDII) filed the EIS with the Impact Assessment Agency of the Canadian government (IAAC) and the Department of Environment and Climate Change of the government of Newfoundland and Labrador (NLDOECC). Century Global said the EIS has been produced to meet the requirements of the federal guidelines that apply to the project. The EIS states the fundamental elements of the project design and analyzes its environmental, economic, and social impacts with the corresponding mitigation, controls, and benefits that will be present over the operation of the project from construction to closure.  

American Manganese Inc (CVE:AMY) (OTCQB:AMYZF) (FRA:2AM) said a recycled product produced from recycled NCA (lithium-nickel-cobalt-aluminum oxide) cathode waste has been shipped to an international cathode manufacturer. The company said the manufacturer will validate whether the material, produced through American Manganese’s RecycLiCo process, can be integrated into its production. Prior to the shipment of samples, American Manganese said it analyzed the purity levels of select elements using Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), which determined that the recycled material outperformed the purity of commercial-grade NCA cathode precursor material. 

Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GLBEF) is expanding the drill program at its Lovelock Mine project in Nevada to include the nearby Treasure Box project. The junior resource company is adding another 700 metres to the 1,4000-metre program originally planned for a total of 2,100 metres, or up to 10 holes. In a statement, Vancouver-based GEMC said that the move was to help capitalize on having drill contractors currently onsite at Lovelock so that the company can test historically high-grade copper and cobalt mineralization at Treasure Box.

Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE) has announced the acceptance and presentation details of a poster, entitled ‘ZYN002 Cannabidiol Transdermal Gel: Efficacy and Safety Findings in Children and Adolescents With Autism Spectrum Disorder (ASD) and Related Disorders’ at the 2021 American Society of Clinical Psychopharmacology (ASCP) Annual Meeting. The ASCP annual meeting is being held virtually June 1-4, 2021, and Zynerba’s poster will be in Poster Session II on June 3, 2021, from 10.00am-11.00am ET. A copy of the poster will be made available on the Zynerba corporate website at the time of presentation at

Safe-T Group Ltd. (NASDAQ:SFET) (TASE:SFET) has said it will present at the 2021 LD Micro Invitational XI being held virtually and taking place June 8-10, 2021. Safe-T Group co-founder and CEO, Shachar Daniel, will host a virtual presentation on  June 10, 2021, at 3.30pm ET (12.30pm Pacific time), where he will discuss the agreement between Philemon Security and the Company’s wholly-owned subsidiary, Safe-T Data A.R Ltd., the recent successful addition to the NASA Solution for Enterprise-Wide Procurement contract vehicle and the US General Services Administration (GSA) registration approval, subsidiary NetNut Ltd.’s new IP Proxy platform, and the company’s first-quarter 2021 financial results. To access the presentation, investors can use the following Webcast link:

Milestone Scientific Inc. (NYSE:MLSS) said it has been invited to present at the “Summer Solstice – Best Ideas from the Buy-Side” conference, which is being held virtually on June 1–4, 2021. The company said Arjan Haverhals, its chief executive officer and president is scheduled to present on Wednesday, June 2, 2021, at 2.00pm Eastern Time and will participate in one-on-one meetings with investors and analysts throughout the conference. The presentation will be webcast live and available for replay at

Eric Sprott has announced that 2176423 Ontario Ltd., a corporation which is beneficially owned by him, has disposed of 5,000,000 common shares of Benchmark Metals Inc. (CVE:BNCH) over the TSX Venture Exchange – representing approximately 3.2% of the outstanding common shares on a non-diluted basis – at a price of approximately $1.3002 per share for aggregate consideration of approximately $6,501,000. Sprott now owns and controls 18,285,642 Benchmark common shares and 11,642,821 common share purchase warrants representing approximately 11.6% of the outstanding common shares on a non-diluted basis and approximately 17.7% of the outstanding common shares on a partially-diluted basis. The disposition combined with previous new share issuances by Benchmark Metals, resulted in an ownership change, on a partially diluted basis, of 2.8% since the last filing of an Early Warning Report. The securities are held for investment purposes and Sprott said he has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US. and global securities, has announced that Kutcho Copper Corp. (CVE:KC) (OTCQX:KCCFF), a Canadian resource development company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. Upgrading to 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. Vince Sorace, president and chief executive officer of Kutcho Copper commented: “Trading on the OTCQX market in the United States will help increase the Company’s visibility to US investors and potentially help broaden our investor base.  As we continue to move through completion of our feasibility study, the copper markets remain robust and we look forward to an exciting year of developments ahead.”

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Graphite One Inc. (CVE:GPH) (OTCQX:GPHOF), a developing graphite materials company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors.

Story by ProactiveInvestors


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