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NA Proactive news snapshot: Bragg Gaming, Nomad Royalty, Vicinity Motor, Viscount Mining, CO2 GRO, Planet 13 UPDATE ...

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Bragg Gaming Group (TSE:BRAG) (OTC:BRGGD) announced that it has acquired Wild Streak Gaming, a Las Vegas-based content creation studio with a portfolio of 39 premium casino slot titles supported across online and land-based applications. Under the terms of the deal, the sellers of Wild Streak received US$10 million in cash at closing and will receive US$20 million in Bragg stock over the next three years. Similar to Bragg’s pending acquisition of Spin Games, announced on May 12, the WIld Streak transaction increases the company’s ability to distribute and develop high-quality online casino content to the US market in-house. 

Nomad Royalty Company Ltd (TSE:NSR) (OTCQX:NSRXF) (FRA:IRLB) has completed its acquisition of an indirect interest in a 0.28% net smelter return (NSR) royalty on the producing Caserones mine in the Atacama region of Chile. The transaction adds a new revenue stream while providing the company with measured exposure to copper, a key metal powering the world’s transition to a clean energy economy. In a statement, Nomad also announced the consolidation of its shares on the basis of one post-consolidation share for every 10 pre-consolidation shares issued and outstanding as of the close of business on May 31.

Vicinity Motor Corp (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG) has announced that it’s entering into the medium duty truck market with the development of a fully electric Class 3 vehicle. The company said the new electric truck, with a 12,000-pound gross vehicle weight rating, will utilize proven electric-vehicle (EV) technology with a smaller environmental footprint. The EV truck is a first for the Canadian company, which is a leading supplier of electric, compressed natural gas, gasoline, and clean-diesel buses.

Viscount Mining Corp (CVE:VML) (OTCQB:VLMGF) (FRA:7VM) reported an encouraging drill result from its Silver Cliff project in Colorado, which shows the resource at the Kate Silver deposit can be expanded. The hole was spudded on March 30 this year to the north of the Kate East Zone and assayed 147.6 grams per ton (g/t) silver over 18.6 meters (m) from 11m depth, including 236 g/t silver over a 10m length. 

CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) has entered into an automatically renewable one-year agreement with Rancho Nexo (RanchoNexo) to market and support CO2 Delivery Solutions technology in Mexico’s protected agriculture market. RanchoNexo is a corporation of both Ontario and Mexico with Mexican associates carrying on the business of promoting largely Canadian technologies in that Latin American market, according to a statement. CO2 GRO said RanchoNexo has the capabilities to sell as well as assist in the engineering, installation, and commissioning of its CO2 Delivery Solutions systems. Mexico is the second-ranked protected agriculture market globally after China.

Planet 13 Holdings Inc (CSE:PLTH) (OTCQB:PLNHF), a leading vertically integrated cannabis company, hailed the recently passed Bill 341 allowing existing licensed dispensaries to operate a consumption lounge co-located with the dispensary. In a statement, the Nevada company said Planet 13 has reserved “an expansive dedicated space” within its Las Vegas SuperStore for a consumption lounge which it will look to get built “as soon as possible.” The company’s flagship, uber luxury SuperStore dispensary, the Planet 13 Cannabis Entertainment Complex is located not far from the famous Las Vegas Strip. At 112,000 square feet, the SuperStore is the biggest cannabis store in the world, attracting one million visitors in 2019. 

Medallion Resources Ltd (CVE:MDL) (OTCQB:MLLOF) (FRA:MRDN) announced it had successfully separated and purified the magnetic rare-earth elements neodymium and praseodymium from monazite. The Vancouver-based company called the news a “significant milestone” that showcases the” value-add opportunity” from its recent exclusive licensing of the Ligand Assisted Displacement (LAD) Chromatography method and associated patents from Purdue University. Medallion said it successfully extracted REEs from monazite sourced from a US-based mineral sand mine into a pregnant leach solution (PLS), which was then passed into the LAD Chromatography process to extract neodymium (Nd) and praseodymium (Pr) directly from the solution.

Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL) (FRA:G3U) announced the appointments of Sandra Daycock as the company’s new chief financial officer (CFO) and Fernando Cornejo as its new chief operating officer (COO), following the retirement of current COO Neil Hepworth on June 30. Daycock, who previously served as director of corporate development at Methanex Corporation (TSE:MX) (NASDAQ:MEOH) (FRA:MX5), joined Great Panther in March 2021 and will become the company’s CFO effective immediately. 

KushCo Holdings Inc (OTCQX:KSHB) announced that a shareholder class and derivative action filed on October 1 in the US District Court against the company and its directors has been dismissed, bringing the case to an end. Rather than challenge the company’s and directors’ motions to dismiss the action, the plaintiff stipulated to voluntarily dismiss the case in its entirety, the company said. “We are encouraged by the voluntary dismissal of this lawsuit, and to see the Court close this matter,” CEO Nick Kovacevich said in a statement. “We will continue to defend the company against what we believe to be meritless allegations, and are pleased to see another litigation come to an end without any payment made to the plaintiff by the company.”

Western Magnesium Corporation (CVE:WMG) (OTCMKTS:MLYF) has reached a major milestone in its plans to produce low-cost, green magnesium metal, revealing it had now completed building the key reactor. This has brought forward the company’s previous timeline, which was that it aimed to produce the metal from the pilot plant in Canada by the end of 2021. Now, production is set for the purposes of testing, certification, and distribution within the next 90 days, the company said.

Midwest Energy Emissions Corp (OTCQB:MEEC), known as ME2C Environmental, announced a debt repayment agreement with Alterna Capital Partners affiliate AC Midwest Energy, in which all ME2C’s existing secured and unsecured debt obligations will be converted into ME2C equity. ME2C said the existing $0.3 million secured note outstanding in cash, as well as the existing $13.2 million principal amount outstanding under an unsecured note, will be repaid through a combination of cash and stock.

Renforth Resources Inc (CSE:RFR) (OTCPINK:RFHRF) (FRA:9RR) said it has commenced a drill program at its Malartic West property in Quebec, Canada. The company said its geologists will undertake a 1,000-metre drilling program targeting the 160-metre surface copper-silver discovery in the northern part of the property.

PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1) announced a new partnership with professional mountain bike athlete Rémy Métailler, who will become a PlantX Ambassador. The company said Métailler will help promote the PlantX brand and product offerings as well as advocate for the benefits of living a plant-based lifestyle.

Tetra Bio-Pharma Inc (TSE:TBP) (OTCQB:TBPMF) (FRA:JAM1) said that Health Canada has accepted its New Drug Submission (NDS) for REDUVO and has formally entered the final phase in the drug review process.  If successful, the company said REDUVO will be issued a Notice of Compliance (NOC), as well as a Drug Identification Number (DIN), which permits Tetra to market the drug in Canada and indicates the drug’s official approval in Canada. REDUVO  is a soft gel capsule used to treat chemotherapy-induced nausea and vomiting (CINV).  The active pharmaceutical ingredient in REDUVO is dronabinol, also known as THC, a synthetic form of the active natural substance in cannabis.

Delta 9 Cannabis Inc (TSE:DN) (OTCQX:DLTNF) said its strategic partner Oceanic Relief Inc has been granted five new cannabis retail store licenses in the province of Newfoundland and Labrador from The Newfoundland and Labrador Liquor Corporation (NLC). Oceanic has a Strategic Cooperation Agreement (SCA) with Delta 9 that provides a variety of services relating to cannabis production, the development of standard operating procedures and sanitation programs, and marketing services to develop the Oceanic brand and other services supporting the acquisition of its Health Canada license. 

Byrna Technologies Inc (NASDAQ:BYRN) (CSE:BYRN) has filed with the US Securities and Exchange Commission (SEC) about a proposed public offering of its common stock worth roughly C$50 million, the company announced. The number of shares and share price have yet to be determined, the company said, but the plan is to use the proceeds for working capital and other corporate purposes. The offering is subject to market and other conditions, the non-lethal personal security device manufacturer noted, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.

Cloud DX Inc (CVE:CDX) said it has extended its remote patient monitoring and virtual care contract with a large Canadian provincial health authority until March 31, 2022. Under the terms of the deal and the extension, Cloud DX said it receives an upfront payment for each one of its Connected Health Kits delivered to a patient, and then charges a monthly connectivity, software, and service fee for each active patient account. The company’s Connected Health platform monitors and reports on physiological data including heart and respiratory rate, blood pressure, oxygen saturation, weight, temperature, and blood glucose levels, along with condition-specific surveys and connection to the patient via two-way messaging and video visits.

MegumaGold Corp (CSE:NSAU) (OTCMKTS:NSAUF) (FRA:2CM2) told investors that experienced geologist Fred Tejada will become interim CEO of the company following the resignation of Regan Isenor after three years in the role. Isenor, who has decided to pursue other opportunities, will continue to work with explorer MegumaGold on operational matters, assisting in field programs and ensuring a smooth management transition. Also in the statement, MegumaGold said Cooper Quinn had resigned as a director. The company thanked both Isenor and Quinn for their “contributions to the company’s success”.

O3 Mining Inc (CVE:OIII) (OTCQX:OIIIF), which aims to become a gold producer in the Val-d’Or region of Québec, has issued its first sustainability report, which sets out the company’s environmental, social and governance (ESG) practices. The company noted that practices and values within the industry have ‘changed significantly’ and it believes sustainable development must be at the heart of its business strategy as it seeks to build gold mines. ”In building tomorrow’s projects, climate change and ESG considerations have to be integrated into our planning from inception to completion. As you will see in this report, sustainable development is an integral part of O3 Mining’s strategy,” said Myrzah Bello, the company’s director of sustainable development in a statement.

Phyto Extractions Inc (CSE:XTRX) (FRA:D2EA) said its shatter product category, comprised of three new high tetrahydrocannabinol (THC) extract offerings produced from single-source strains, is now available through licensed adult-use retailers in British Columbia, Saskatchewan, and Manitoba. The company said shatter will be available in three popular strains, Blue Gorilla OG, Pink Kush, and D Bubba, although the first will not be available in British Columbia. The distribution of shatter products across the three provinces has been orchestrated through its partnership with CannMart Inc, a subsidiary of Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ). 

Fury Gold Mines Ltd (TSE:FURY) (NYSEAMERICAN:FURY) (FRA:AUN) said it had re-interpreted a host of exploration data at its Eau Claire project in Quebec, including at the Percival prospect, ahead of potentially drilling the best targets later this year. ”During the summer, Fury plans to advance the newly identified targets through multi-element geochemical surveys, geological mapping, and potentially ground-based induced polarization geophysical surveys with the aim of drilling the most robust targets during Q4 2021,” the company told investors. 

Nomad Royalty Company Ltd (TSE:NSR) (OTCQX:NSRXF) (FRA:IRLB) has completed its acquisition of an indirect interest in a 0.28% net smelter return (NSR) royalty on the producing Caserones mine in the Atacama region of Chile. The transaction adds a new revenue stream while providing the company with measured exposure to copper, a key metal powering the world’s transition to a clean energy economy. In a statement, Nomad also announced the consolidation of its shares on the basis of one post-consolidation share for every 10 pre-consolidation shares issued and outstanding as of the close of business on May 31.

Ascendant Resources Inc (TSE:ASND) announced it has appointed Sergio Gelcich as the company’s new vice president of exploration, replacing Robert Campbell who is retiring from day-to-day operations but will remain an Ascendant director. The company said Gelcich, the former exploration director at Hudbay Minerals Inc (TSE:HBM), has significant experience developing Volcanogenic Massive Sulfide (VMS) deposits similar to Ascendant’s Lagoa Salgada property in Portugal.

Ximen Mining Corp (CVE:XIM) (OTCQB:XXMMF) has further boosted its technical team, hiring Masse Environmental Consultants and Ecoscape Environmental Consultants to advance its Kenville mine project in British Columbia. Nelson-based Masse Environmental has been involved with the project for several years, having done initial baseline environmental studies and more recently supported Ximen’s application to renew the mine development permit. It is now working with Ecoscape on initial hydrological studies to support the new decline permit application. Kenville was formerly known as the Granite-Poorman mine and lies 7 kilometres (km) west of the town of Nelson in the West Kootenay region. It generated 65,236 ounces of gold and 27,686 ounces of silver intermittently between 1889 and 1956.

Ready Set Gold Corp (CSE:RDY) (OTCPINK:RDYFF) (FRA:0MZ) has appointed financial executive Darren Collins to its board of directors and audit committee. In a statement, the company said Collins’ appointment, effective June 1, reflects its commitment to financial oversight and governance and further expands the international financial network required to advance the company’s projects. Ready Set Gold said Collins has over 15 years of corporate experience as an executive, director, and advisor of private and public companies. His expertise spans mergers and acquisitions (M&A), debt and equity financings, go-public transactions, commercial partnerships, accounting, and corporate governance.

Azure Minerals Limited (ASX:AZS) (OTCMKTS:AZRMF) has discovered two new broad zones of nickel-copper sulphide mineralisation at its flagship Andover Nickel-Copper Project near Port Hedland in WA. Downhole transient electromagnetic (DHTEM) surveys conducted earlier this year identified targets for drilling. The first of multiple holes to be drilled into two newly identified DHTEM conductors intersected two broad mineralised zones sitting about 200 metres apart downhole and about 400 metres west of the first Andover discovery.

Nerds On Site Inc (CSE: NERD) (OTCQB: NOSUF), a mobile IT solutions company servicing Small and Medium-Sized Enterprise (SME) marketplaces in Canada and the US, is pleased to announce that it has issued a total of 4 million options to management. Each option entitles the holder to subscribe for one common share for $0.15 each for a period of five years. 

Kintara Therapeutics Inc (NASDAQ:KTRA) , a biopharmaceutical company focused on the development of new solid tumor cancer therapies, says CEO Saiid Zarrabian will present a corporate overview at the three-day LD Micro Virtual Invitational Conference on June 8–10. Zarrabian will deliver his corporate presentation on June 9 at 2:30 pm ET, Track 1. Investors interested in scheduling a meeting with management should contact [email protected]

The TSX Venture Exchange has accepted for filing Telson Mining Corporation‘s (CVE:TSN) (OTCMKTS:SOHFF) (FRA:TSGN) issuance of 15 million bonus warrants in consideration of the first advance of US$500,000 of a loan totalling US$12-million. The loan facility bears interest at 13.5% per annum for a term of four years. The bonus warrants are exercisable at $0.09 per share for a four-year term. The warrants are vested and cancellable if the full loan facility is not advanced.

Story by ProactiveInvestors


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