NA Proactive news snapshot: Xigem Technologies, Aurelius Minerals, Naturally Splendid Enterprises, Real Luck Group, Zinc8 Energy Solutions...

Xigem Technologies Corporation (CSE:XIGM) (FRA:2C1) announced that it has granted 400,000 incentive stock options under its stock option plan. Each option entitles the holder to purchase one common share of the company at an exercise price of $0.55 and will vest immediately. The options were granted on April 30, 2021, by Xigem’s board of directors and include 200,000 options, valid for a period of three years, for a consultant to the company, and 200,000 options, valid for a period of five years, for members of the company’s Advisory Board.

The company also added ecommerce veteran Wei Lin to its advisory board. Wei is the CEO and co-founder of Project Genesis, which focuses on consolidating e-commerce brands, starting with Amazon third-party sellers, and a co-founder of Lightheart Management Partners, the primary firm that seeded Project Genesis. He also completed stints at CPS Capital, where he led deals in the clinical research and non-profit and charity services sectors, and McKinsey & Company where he served clients in the High Tech, Media, Telecom, Banking, and Private Equity sectors.

Aurelius Minerals Inc (CVE:AUL) has said that under a directors resolution’ dated April 28, 2021, the company has consolidated its capital on a one-new-for-10-old basis. The name of the company has not been changed. Effective at the opening, May 4, 2021, the common shares of Aurelius Minerals will commence trading on the TSX Venture Exchange on a consolidated basis. 

Naturally Splendid Enterprises Ltd (CVE:NSP) (OTCPINK:NSPDF) (FRA:50N) reported fiscal 2020 sales of C$1.6 million, as coronavirus (COVID-19) restrictions weighed on its operations, although the company remains optimistic that 2021 will yield better results. “2020 was a year of contrasts as we entrenched ourselves further into the plant-based consumer markets even while managing the significant operational challenges presented by the COVID pandemic,” Naturally Splendid CEO Craig Goodwin said in a statement.

Real Luck Group Ltd (CVE:LUCK) (OTCQB:LUKEF) ended its fiscal 2020 with over C$3.8 million in cash after an oversubscribed financing and public listing on the TSX Venture Exchange. In a statement accompanying the results, CEO Quentin Martin called fiscal 202 an “important year” for the young company. “Our focus throughout fiscal 2020 was on developing our proprietary esports betting platform and, despite nominal marketing spend, we were able to organically and efficiently increase our audience as the global pandemic brought esports betting into focus during early 2020,” Martin told investors.

Zinc8 Energy Solutions Inc (CVE:ZAIR) (OTCPINK:MGXRF) (FRA:0E9) has announced that 2021 will be an “anchor year” as it advances its Zinc-air Energy Storage System toward commercialization. The company recently raised $15 million in funding and has leased a 16,000 square-foot testing and assembly facility. It intends to build five Zinc-air batteries to complete the certification process and advance the production schedule by establishing pilot production capability.  “2021 will be the anchor year as the company aims to be in small-scale production in 18-24 months,” Zinc8 said in a statement. Looking ahead, for the first 12 months of production starting in 4Q 2022 and based on a 3MW to 10MW (megawatt) production range, the company said the potential revenue impact could be $6 million to $20 million, assuming $200 per kWh (kilowatt).

Phyto Extractions Inc (CSE:XTRX) (FRA:D2EP), formerly named Adastra Labs Holdings Ltd, has announced that interim CEO and director J. Scott Munro is moving on. The company said it has identified a new permanent candidate for the CEO post and an additional director to fill the vacancy created by Munro’s transition. It added that it expects to announce the appointments in the immediate future and that such appointments will continue the great work completed to date that has positioned the brand as a provider of quality cannabis products.

Victory Square Technologies Inc (CSE:VST) (OTCMKTS:VSQTF) (FRA:6F6) posted fourth-quarter and full-year results on Friday, revealing net income growth and a swing into positive earnings in both instances. For the three months ended December 31, the company saw net income of C$8.4 million, an increase of 64% from C$5.1 million in the same quarter a year ago. Earnings were C$0.11 per share, up year-over-year from a loss of C$0.07. In 2020 as a whole, Victory Square’s net income was C$19.7 million, easily more than double the C$8.9 million it recorded in 2019. Earnings were C$0.30 per share, up from a loss of $C0.10. 

GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GRSLF) revealed high-grade silver results from a drilling program at the San Juan area of its Plomosas silver project in Mexico. New drill results show that high-grade mineralization extends 100 metres to the north along strike in the San Juan vein, the company said. Another wide mineralized zone of up to 65 metres continuous silver was delineated on the footwall of the Yecora vein, defining shallow wide mineralized zones that will be included in an upcoming maiden resource estimate.

FansUnite Entertainment Inc (CSE:FANS) (OTCQB:FUNFF) (FRA:4UY) announced it has been shortlisted for two 2021 EGR North America online gaming awards in the Full-Service Platform Provider and Sportsbook Platform Provider categories.  The company said the EGR Awards recognize and reward the top suppliers and operators in the fast-growing North American online gaming market, with the winners being selected based on their achievements in advancing the gaming industry across various verticals.

American Eagle Gold Corp (CVE:AE), part of the Ore Group led by Stephen Stewart, has begun trading its shares under the ticker symbol ‘AE’ on the TSX Venture Exchange. The Nevada-focused exploration company’s flagship asset is the Golden Trend Project, immediately adjacent to Nevada Gold Mine’s (Barrick and Newmont JV) Goldrush deposit within the Cortez Trend. American Eagle is exploring for large Carlin-style type deposits within the same geologic environment as the adjacent Goldrush and Cortez Mines. In a statement, American Eagle CEO Anthony Moreau said: “Golden Trend is underexplored given its prime location, attached to Newmont and Barrick’s operations. American Eagle has a clear plan in place to move the project quickly forward towards a drill program.” 

Marvel Discovery Corp (CVE:MARV) (FRA:O4T) (OTCPINK:IMTFF) reports that its plans to spin out its Serpent River/Pecors and Wicheeda North properties are advancing. The spin-out, which will place the properties into a newly incorporated, wholly-owned subsidiary of the company called Power One Resources Corp, won shareholder approval on April 23, followed by the Supreme Court of British Columbia’s okay on April 28. 

Story by ProactiveInvestors