NA Proactive news snapshot: Empower Clinics, Kintara Therapeutics, Perma-Fix Environmental, American Battery Metals, Exactus...

Empower Clinics Inc (CSE:CBDT) (OTCPINK:EPWCF) (FRA:8EC) posted fiscal 2020 results that saw its revenue jump 58% year-over-year, driven by medical diagnostics lab processing thousands of coronavirus (COVID-19) specimens. For the year ended December 31, 2020, the Vancouver-headquartered integrated healthcare company reported revenue of $3,209,196, compared to $2,031,581 in the year ended December 31, 2019. As part of total revenue, clinic services revenue for the fourth quarter and full-year 2020 were $848,190 and $3,154,301, respectively, compared to fourth quarter and full-year 2019 revenue of $542,677 and $1,949,549, respectively. 

Kintara Therapeutics Inc (NASDAQ:KTRA) (FRA:3DM) (OTCMKTS:DMPWW) has announced topline data results from the recurrent arm of its open-label, Phase 2 clinical study of its lead compound VAL-083 being conducted at the MD Anderson Cancer Center in Houston. The Phase 2 trial is a two-arm, biomarker-driven study testing VAL-083 in glioblastoma multiforme (GBM) patients, who have an unmethylated promoter of the methylguanine DNA-methyltransferase (MGMT) gene. The recurrent arm of the study addressed patients who have been pre-treated with temozolomide prior to disease recurrence.

Perma-Fix Environmental Services Inc (NASDAQ:PESI) (FRA:PFX1) has been awarded a multi-million dollar service contract for the Tritium Systems Demolition and Disposal (TSDD) project, which is expected to be completed over the next 18 months. The company said the TSDD project aims to remove legacy tritium systems and equipment from the Princeton Plasma Physics Laboratory, with the goal of reducing the risk of a release and safely disposing of contaminated materials. Perma-Fix will serve as the technical expert for this project, providing project management, characterization, and material disposal services.

American Battery Metals Corporation (OTCQB:ABML), which is changing its name to American Battery Technology Company (ABTC), told investors it had completed its purchase of a 13.8-acre property in Storey County, Nevada earmarked for a battery storage facility.   The parcel of land at Sydney Drive is part of the Tahoe Reno Industrial Center, known as the largest industrial park in the world. “The purchase of this site marks another key milestone in our progress towards building and constructing our battery recycling pilot plant,” said Doug Cole, the CEO of American Battery Technology Company.

Exactus Inc (OTCQB:EXDI) has announced the acquisition of Panacea Life Sciences Inc, a producer of legal, trace THC, hemp-derived cannabinoid products for consumers and pets. Panacea, founded in 2017 by Leslie Buttorff, operates a 51,000-square-foot cGMP (current good manufacturing practice)-certified facility in Golden, Colorado and PANA Botanical Farms in western Colorado, complete with fully integrated extraction, manufacturing, testing and fulfillment. The company produces soft gels, gummies, tinctures, sublingual tablets, cosmetics and other topicals for purchase online, in stores and at smart kiosk vending machines being rolled out nationally.  

Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) has updated on recent corporate activity, including the appointment of a new chief investment officer (CIO) and also revealed that it has been named as one of the 50 fastest-growing companies of 2021 by The Silicon Review. Spencer Cole, an experienced mining executive and already a member of the Vox team, becomes the new CIO with immediate effect. He co-founded, with Riaan Esterhuizen, the Mineral Royalties Online royalty database, which Vox acquired prior to listing on the TSX Venture Exchange in May 2020. Vox CEO Kyle Floyd added: “Thanks to the Silicon Review for awarding as one of the 50 fastest-growing companies of the year, alongside some of the fastest-growing technology businesses globally. It is a tremendous testament to our team’s hard work and dedication to create disruptive intellectual property advantages in the mining royalty sector.”

Steppe Gold Limited (TSE:STGO) (OTCQX:STPGF) (FRA:2J9) said it has received permission to cross-list on the Mongolian Stock Exchange in a move that will allow more Mongolian investors to trade in its shares. Following the approval by the Financial Regulatory Commission of Mongolia, the gold mining company said it planned to raise 5 billion Mongolian tögrög (C$2.2 million). Proceeds of the placement will be used for the Phase 2 expansion of its flagship ATO gold mine. Over 20% of Steppe Gold’s shares are already owned by Mongolian investors. It said the cross-listing reaffirmed its commitment to enable more Mongolians to share in its success.

ImagineAR Inc (CSE:IP) (OTCMKTS:IPNFF) (FRA:GMS1) announced that Global Sports Initiatives (GSI) has partnered with American racing driver Ryan Norman to deliver a unique augmented reality (AR) experience for the Honda Indy 200. The car race takes place at Mid-Ohio on July 2–4, 2021. ImagineAR is an AR company that enables sports teams, businesses, and enterprises to instantly create their own AR mobile campaigns. It has a deal to develop white-label apps for Global Sports Initiatives. “GSI is thrilled to use our technology suite to increase fan engagement and loyalty as well as provide a global platform for Ryan and his sponsors at a classic IndyCar event,” GSI founder and CEO Kevin Meredith said in a statement.

Gevo Inc (NASDAQ:GEVO) (FRA:ZGV3) is approaching the tipping point for the commercialization of its renewable hydrocarbon technology, analyst firm Water Tower Research wrote in a coverage initiation report released Thursday. Building off its Net-Zero concept, Water Tower wrote that Gevo believes it has a clear pathway to significant cash flow, backed by the offtake agreements already in place. Colorado-based Gevo is developing renewable alternatives to petrol. Once completed, its off-the-grid Net-Zero 1 plant at Lake Preston in South Dakota is expected to produce about 45 million gallons per year (MGPY) of energy-dense liquid hydrocarbons that should have a net-zero greenhouse gas footprint across the whole of the life cycle when burned as transportation fuels. “Renewable hydrocarbons are seeing clearer paths to commercialization amid carbon emissions reductions driven by increased regulatory scrutiny and corporate responsibility,” the analyst firm wrote. “Gevo has a proven technology and production process that is scalable today with key short-term target markets in renewable aviation fuel (RAF) and renewable gasoline.”

Avalon GloboCare Corp (NASDAQ:AVCO) said its planned acquisition target, SenlangBio, has initiated a first-in-human clinical trial evaluating anti-EphA2 chimeric antigen receptor (CAR) T-cell therapy for recurrent glioblastoma, which is the most common type of primary brain tumor — and a devastating and aggressive cancer with few treatment options. Avalon said that SenlangBio’s anti-EphA2 CAR-T is a first-in-class cellular therapy and to the best of its knowledge, the first-ever EphA2-targeted CAR-T with reported clinical trial data.

IEC Electronics Corp. (NASDAQ:IEC) announced that Michael W. Osborne, a respected member of the company’s board of directors, has died. No decision has been made at this time regarding the composition of the board of directors moving forward.  Jeffrey T. Schlarbaum, president and CEO of IEC Electronics Corp. commented: “The entire IEC family mourns this loss. On behalf of the Board of Directors, management team and employees, we extend our deepest condolences to Mike’s family.  Mike provided exceptional guidance to IEC during his time on our Board, providing his industry and financial expertise to improve our Company. Even more importantly, in addition to his thoughtful insight and sharply strategic reasoning, he also contributed humor and a common sense approach to many Board discussions, and he will be greatly missed.”

Helix BioPharma Corp (TSE:HBP) (OTCMKTS:HBPCF) (FRA:HBP), an immuno-oncology company, announced that Heman Chao plans to resign as CEO, Chief Scientific Officer and member of the board, effective September 1. On that same date, Chao will assume the position of chair of the company’s scientific advisory board. The board has identified candidates for a new CEO and director, the company said.

EXMceuticals Inc. (CSE:EXM) (FRA:A2PAW2) has announced that Morten Borch and Bobby Doyon have both resigned as members of its board of Directors.  The company said Borch is reducing his general business and board commitments currently, while Doyon wishes to focus his time and efforts on his professional duties and commitments. Both directors were planned, and had accepted, to be vacating their board seats at the company upon the planned closing of the proposed business combination with Global Cannabinoids. EXMceuticals said its board is currently evaluating candidates with respect to appointing two new independent directors to fill the two current vacancies. The company said its board of directors would like to thank both Borch and Doyon for their meaningful contribution over the past few years and wish them well in all their future endeavors.

Canada Silver Cobalt Works Inc. (CVE:CCW) (OTCMKTS:CCWOF) (FRA:4T9B) said it has closed its previously announced private placement, with the issue of 1,063,830 flow-through (FT) units at a price of $0.47 per FT Unit raising gross proceeds of $500,000.  The company will also issue 2,941,176 Quebec FT (QFT) units at a price of $0.51 per QFT unit raising gross proceeds $1,500,000.  In total the company issued 4,005,006 combined FT and QFT Units, raising a total of $2,000,000. The proceeds of the FT private placement will be used for ongoing drilling of the Castle East Robinson Zone discovery, near the town of Gowganda, Ontario.  The proceeds of the QFT private placement will be used for drill testing the recently staked Bouguer gravity anomalies and existing Ni-Cu showings in Quebec. All securities issued in connection with the private placement will be subject to a four-month and a day hold period expiring on October 30, 2021, in accordance with applicable Canadian Securities Laws.

Ayurcann Holdings Corp. (CSE:AYUR) has announced the grant of stock options and restricted share units (RSU) under the company’s stock option plan and restricted share unit plan, respectively. The company has granted an aggregate of 705,000 options and an aggregate of 1,098,682 RSUs to certain directors, officers, employees and consultants of the company. 75,000 of the options are exercisable at a price of $0.205 per option, 230,000 options are exercisable at a price of $0.38 per option and the remaining 400,000 options are exercisable at a price of $0.28 per option. The options granted vest in four months and expire on June 30, 2023. Each option is exercisable to purchase one common share in the capital of the company. With the exception of the RSUs to the directors which vest immediately, all other RSUs granted vest in four months. All of the RSUs (and any common shares issuable upon redemption) will be subject to applicable securities law hold periods.

First Mining Gold Corp. (TSX:FF) (OTCQX:FFMGF) (FRA:FMG) has announced the voting results from the company’s annual general & special meeting of shareholders held virtually in Vancouver on June 30, 2021. A total of 283,475,512 common shares of First Mining were represented at the 2021 AGM, representing 40.63% of the company’s outstanding common shares as at the record date of May 3, 2021. Shareholders voted in favour of all matters brought before the meeting, which included approving a special resolution in connection with the distribution of shares and warrants of Treasury Metals Inc. to First Mining’s shareholders. In addition, all five director nominees listed in the company’s management information circular dated May 18, 2021, were elected and PricewaterhouseCoopers LLP, Chartered Professional Accountants, were re-appointed as the company’s auditor.  ”We are delighted with the excellent voting turnout at this year’s AGM. With our shareholders having approved the Distribution, we are excited to be able to return value to First Mining’s shareholders in connection with our sale of the Goldlund Gold Project to Treasury Metals, and for all of our shareholders to become direct shareholders of Treasury Metals” said Dan Wilton, CEO of First Mining.  ”We will now proceed to obtain final court approval for the Distribution, and we expect to receive such approval within the next week.”

Great Bear Resources Ltd. (CVE:GBR) (OTCQX:GTBAF) has announced the results of its Annual General Meeting (AGM) held on, June 29, 2021. The total number of shares represented by shareholders present in person and by proxy at the meeting was 33,673,676, representing 58.94% of the company’s issued and outstanding common shares. The company said it’s shareholders voted in favour of all items of business brought forward at the AGM. Chris Taylor, Great Bear president and CEO commented: “On behalf of the Board of Directors we would like to thank our shareholders for their continued support.  Mr Tony Ricci did not stand for re-election as a director this year. Tony has served as a Director of Great Bear for 10 years and has been instrumental in the evolution of the Company. On behalf of the Board of Directors we thank Tony for his many years of service to the company and wish him well in the future.”

Western Magnesium Corporation (CVE:WMG) (FRA:3WM) (OTCMKTS:MLYF) has announced that the resolutions were passed by an overwhelming majority at its annual general and special meeting held on June 11, 2021. The company said its board is thankful to the shareholders for the trust in the directors future vision for the company as they voted in favor of all matters brought before them at the meeting, including the re-election of Edward Lee, Sam Ataya, Steve Thorlakson, Robert Brown, Jeff Wilson, Rabih Ataya and Peter O’Rourke Sr. to the board of directors. In addition to the board members being re-elected, Dale Matheson Carr-Hill Labonte LLP was re-appointed as auditors of the company, and the company’s stock option and preferred stock plan was approved.  

Steppe Gold also reported the results of its 2021 Annual General Meeting of shareholders held on June 30, 2021 in Ulaanbaatar, Mongolia. A total of 32,400,465 common shares were voted at the meeting representing 47.35% of the votes attached to all outstanding shares. The elections of all the directors as set out in the company’s AGM circular were passed. BDO Limited was reappointed to serve as the independent auditors of the company for the ensuing year.

Sigma Lithium Resources Corp (CVE:SGMA) has said that, following shareholder approval on June 29, 2021, the company has changed its name to Sigma Lithium Corp. and effective at the opening on Monday, July 5, 2021, the newly named common shares will commence trading on the TSX Venture Exchange and the common shares of Sigma Lithium Resources Corp. will be delisted.

Infield Minerals Corp. (CVE:INFD) has announced that Evandra Nakano, its president and chief executive officer, joined Monica Hamm, Client Success Specialist, TMX Group, to celebrate the company’s new listing on the TSX Venture Exchange and close the market on Wednesday, June 30, 2021.

AEX Gold Inc. (LON:AEXG, TSXV: AEX) said it applied for a new exploration licence in the Kobberminebugt region of South Greenland covering an area of approximately 266 km2. The area hosts numerous copper-gold showings including the small past-producing Josva copper mine, which was last worked in 1914 with reported grades up to 5% copper, 1.5 grammes a tonne (g/t) gold and 250 g/t silver. The mineralisation has been interpreted as Iron-Oxide-Copper-Gold (IOCG) style by the Geological Survey of Denmark and Greenland, said the gold explorer.

Real Luck Group Ltd. (CVE:LUCK) (OTCQB:LUKEF) said its board of directors has approved an amendment to the company’s 20% “fixed” stock option plan to increase the number of shares to be reserved and authorized pursuant to stock options granted under the plan from 10,057,495 to 13,705,700. The adoption and subsequent amendment of the plan is subject to (i) the approval of the TSX Venture Exchange and (ii) the approval and ratification of disinterested shareholders of the company, which approval will be sought at the upcoming annual general and special meeting to be held on August 13, 2021. At the meeting, the company will also seek disinterested shareholder approval for the ratification of certain stock option grants under the plan.
 

Story by ProactiveInvestors