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NA Proactive news snapshot: Elys Game, Energy Fuels, Kodiak Copper, Plurilock Security, Psyence...

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Elys Game Technology Corp (NASDAQ:ELYS) (NEO:ELYS) (FRA:3UW) announced that it has entered into a definitive purchase agreement to acquire Bookmakers Company US LLC, a Nevada-based sports betting company doing business under the name US Bookmaking (USB). Founded in 2016, USB provides sports wagering services such as design and consulting, turn-key sports wagering solutions and risk management. In exchange for a 100% interest, Elys will pay $12 million, half in cash and half in common shares. USB members will also have the chance to receive up to an additional $38 million, plus a potential 10 premium if certain milestones are hit over the next four years, the company said. The transaction is expected to close on July 15.

Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR) and Neo Performance Materials Inc (TSE:NEO) have announced that the first of an expected 15 containers of mixed rare earth carbonate (RE carbonate) has been successfully produced by Energy Fuels at its White Mesa mill in Utah and is en route to Neo’s rare earth separations facility in Estonia, creating a new US-to-Europe rare earth supply chain. The first container holds approximately 20 tons of the product. More shipments of the rare earth carbonate are expected as Energy Fuels continues to process natural monazite sand ore mined in Georgia by Chemours (NYSE:CC) for both the rare earth elements and naturally occurring uranium that it contains. Energy Fuels and Neo also announced the signing of a definitive supply agreement by the companies’ respective affiliates. Under the agreement, Energy Fuels will ship all or a portion of its RE carbonate to Neo’s Silmet rare earth separations facility. Neo will then process Energy Fuels’ RE carbonate into separated rare earth materials for use in rare earth permanent magnets and other rare earth-based advanced materials.

Kodiak Copper Corp (CVE:KDK) (OTCMKTS:KDKCF) (FRA:5DD1) has unveiled encouraging first drill results from its MPD copper-gold project in British Columbia, which have underscored the potential for the property housing a major porphyry system. Notably, the work has expanded the 2019 Gate zone discovery six times to a strike length of around 800 metres (m) from 125m previously, while drilling also suggests that a 1.2 kilometre long copper-in soil target in the area is underlain by a ‘significant’ copper-gold-silver porphyry system.

Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) said it has secured a purchase order worth US$500,000 from a California state utility resource organization through a state-wide contract. Including the latest order, contracts signed by Plurilock since May 2021 represent a combined total of nearly US$3.81 million in sales. Plurilock said the newly secured purchase order is part of its continued efforts to secure larger contracts with organizations across different key industry verticals. For this new order, the company will provide the California state utility resource organization with the renewal of their Earthsoft EQuiS data management software licenses, as well as implementation and maintenance support. Plurilock also announced it has completed its US$1.15 million order with the US Department of the Navy.

Psyence Group Inc (CSE:PSYG) announced it is partnering with UK contract research organization Clerkenwell Health to pursue psychedelic palliative care trials. Toronto-based Psyence is developing clinical trials for palliative care patients who are facing a terminal diagnosis or persistent medical issue. Both Psyence and Clerkenwell will work together to design and deliver a clinical trial in the UK.

Idaho Champion Gold Mines Canada Inc (CSE:ITKO) (OTCMKTS:GLDRF) (FRA:1QB1) said it has commenced the planned drill program to test the large geophysical anomaly reported earlier this year at its 100%-controlled Champagne gold project in Idaho in the US. The company recently announced that it has signed a contract with National Drilling for an 8,000-metre exploration core drilling program. The drill and crew have mobilized to site and drilling is underway on the first hole. The drill program is designed to test the large induced polarization  anomaly with a series of drill holes. The first two drill holes will be placed on the recently acquired private ground located towards the west end of the IP anomaly. “Given the evidence uncovered so far on this huge anomaly, we have high expectations of encountering mineralization as we test the roots of the Champagne mineral system,”  President and CEO Jonathan Buick said in a statement.

Psyence Group Inc (CSE:PSYG) announced it is partnering with UK contract research organization Clerkenwell Health to pursue psychedelic palliative care trials. Toronto-based Psyence is developing clinical trials for palliative care patients who are facing a terminal diagnosis or persistent medical issue. Both Psyence and Clerkenwell will work together to design and deliver a clinical trial in the UK.

Phunware Inc (NASDAQ:PHUN) (FRA:2RJ) has announced that it will license its Smart Residential Solution to Regent Square, a premier mixed-use development in Houston, in partnership with GID and MKT Consulting. Founded over 60 years ago, Phunware said GID has developed or acquired over 86,000 residential units and 16.8 million square feet of commercial space. The properties consist of a wide spectrum of real estate, including multi-family rental properties, industrial, for-sale condominiums, retail, office, hotel, and parking. Regent Square is a master-planned community that combines a blend of 300,000 square feet (sq ft) of shops and restaurants with 200,000 sq ft of offices as well as 1,500 residences and 4,200 parking spaces.

American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) (FRA:2AM) reports that the Rocher Deboule IP (induced polarization) geophysical crew will test “Vent Zone” iron oxide-copper-gold (IOCG) targets, with drilling expected to follow on the Rocher Deboule copper-gold property. The company said the Rocher Deboule deposit has had historic production of 36,457 tonnes containing 2,167,780 grams of silver, 133,676 grams of gold and 2,557,433 kilograms of copper between 1915 and 1929. It added that recent fieldwork involving rock and soil sampling of the western portion of the claims has revealed the potential for IOCG deposit types about 1-2 kilometers (km) west of the historic production.

American Eagle Gold Corp (CVE:AE) said it has identified potential Carlin-type drill targets at its Golden Gate property that are closer to the surface than initially believed. These new targets were discovered through the Controlled Source Audio Magnetotelluric (CSAMT) survey that was completed in May. The Nevada-based Golden Gate property is located on the Cortez Trend, which hosts three large Carlin-type gold deposits operated by Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) (FRA:ABR) and Newmont Corporation’s (NYSE:NEM) (TSE:NGT) joint venture, Nevada Gold Mines.

Milestone Scientific Inc (NYSE:MLSS) has expanded sales of its equipment in Texas, saying that the University of Texas Medical Branch (UTMB) Health Clear Lake Campus Hospital has now begun using its CompuFlo Epidural Instrument. UTMB is a major academic health sciences center of global influence and the move comes after the MedTech group began selling CompuFlo disposables previously to the UTMB Health Galveston Campus Hospital.

Evergold Corp (CVE:EVER) (OTCMKTS:EVGUF) (FRA:5EG) revealed that drilling is now underway at its Golden Lion property, located in north-central British Columbia’s Toodoggone region. The company said greater than 2,000 metres (m) of core drilling is planned, focused on the GL1 Main Zone, where drilling in 2020 confirmed the presence of a broad, long, near-surface gold-silver zone, and a subsequent induced polarization survey identified a strengthening chargeability and resistivity response below last year’s drilling. Concurrent with the ongoing drilling, IP and soil and rock sampling coverage over the GL1 Main target is being expanded. To the east, mapping and sampling of several targets on the GL2 and GL3 target areas are also underway. Evergold said assay results will be reported when received, compiled and interpreted.

GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GRLSF) (FRA:GPE) reported assay results from its Plomosas Silver Project in Mexico, which included 41.7 metres (m) of 1.13 grams per tonne (g/t) gold as well as 13.0m of 328 g/t silver, 1.2% zinc, and 0.1% copper. The company said the results, which represent wide intersections of predominantly gold and silver-rich epithermal veining, are from the final drill holes that will be incorporated into the resource estimation at the Plomosas Mine Area. 

Bragg Gaming Group (TSE:BRAG) (OTCMKTS:BRGGF) (FRA:SL4) announced that gaming industry veteran Chris Looney has joined the company as chief commercial officer. Looney previously held progressively senior roles at Microgaming, and prior to joining Bragg, worked as commercial director at Red Tiger Gaming, where he was instrumental in driving the company’s growth and success, Bragg noted. Looney will work closely with CEO Richard Carter to develop and execute on Bragg’s strategic vision for expansion in new regulated markets, including the growing US market. The company believes Looney’s addition will help advance its position in the North American B2B iGaming space.

Gungnir Resources Inc (CVE:GUG) (OTCPINK:ASWRF) (FRA:AMO1) announces the discovery of an extensive induced polarization (IP) anomaly at its Knaften gold project in Sweden. The mining exploration company said it is now considering additional IP coverage and plans to incorporate new targets into its future exploration work plans, inclusive of drilling. Gungnir said the size of the new IP anomaly indicates the potential for a larger area of mineralization on the new license. ”The preliminary results from our IP survey are very encouraging, given that the new anomaly is situated within the same quartz diorite intrusion that hosts the Knaften 300 Gold Zone,” CEO Jari Paakki said in a statement.

Story by ProactiveInvestors


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