NA Proactive news snapshot: Delta 9 Cannabis, Byrna Technologies, Cloud DX, MegumaGold, O3 Mining...

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.

Story by ProactiveInvestors