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NA Proactive news snapshot: Fabled Silver Gold, PowerTap Hydrogen Capital, Tocvan Ventures, Hillcrest Energy Technologies ...

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Fabled Silver Gold Corp (CVE:FCO) (OTCQB:FBSGF) (FRA:7NQ) has revealed the first results of diamond drilling from its 1,200-meter underground drill program which intercepted four zones of silver mineralization at its Santa Maria project, in Mexico. Underground drilling is currently taking place from drill stations in the ramp, or in mined-out areas, where previous bulk samples were taken by previous property holders. Fabled noted that unfortunately the ramp was centered down the Santa Maria vein to access mineralized material and this resulted in the higher-grade portion of the Santa Maria vein being absent from most of the drill holes.

PowerTap Hydrogen Capital Corp (NEO:MOVE) (OTCMKTS:MOTNF) (FRA:2K6B) has announced that its wholly-owned subsidiary PowerTap Hydrogen Fueling Corp has completed the engineering design of the PowerTap Gen3, improving its steam methane reformer (SMR), to boost the production of hydrogen, reduce feedstock requirements, and extend the life of the SMR itself. The company, which is focused on installing hydrogen production and dispensing fueling infrastructure in the US, said that the design of the SMR remains open to revisions, before the successful manufacture of a prototype that achieves all of the functionalities as intended. In a statement, Kelley Owen, who is the chief operating officer at PowerTap Fueling, said: “The incorporation of these major design changes to the current applications represent significant improvement in the production of hydrogen today.”

Tocvan Ventures Corp (CSE:TOC) (FRA:TV3) unveiled new results from its Phase II drill program at its Pilar gold-silver project in Mexico that highlighted the potential to expand its Main Zone. Results from the six holes reported included drill hole JES-21-47, which returned 47.3 metres (m) at 0.75 grams per ton (g/t) gold and 5 g/t silver, or 0.80 g/t gold equivalent. Calgary-based Tocvan drilled 20 holes over 3,500m as part of its Phase II program. 

Hillcrest Energy Technologies Ltd (CSE:HEAT) (OTCMKTS:HLRTF) (FRA:7HIA) announced that it is developing a next-generation high-efficiency inverter (HEI), designed to significantly improve the energy and power efficiencies of future electric vehicle (EV) powertrains. The Canadian clean technology company said the technology would also be used for other e-mobility and motorized applications, as well as charging stations and power generation systems.  Already in proof-of-concept development, Hillcrest noted that the HEI uniquely configures innovative hardware and software technologies from it and German specialist engineering innovator Systematec, to deliver the very precise and accurate control systems required to unleash a next-generation inverter’s ultra-high efficiency potential.

Kenorland Minerals Ltd (CVE:KLD) (FRA:3WQ0) (FRA:3WQ0) has entered into an agreement with Superior Nickel Inc to sell its 100% interest in the Fox River property in Manitoba to Superior. As consideration for the property located in the Fox River Belt, Kenorland said Superior will issue it 2,665,000 common shares and grant Kenorland a 2% net smelter return royalty. ”This transaction represents one of the ways Kenorland is able to create shareholder value and upside through its generative efforts, which does not require significant capital expenditures through direct exploration on the ground,” said Kenorland CEO Zach Flood in a statement. 

Phyto Extractions Inc. – formerly Adastra Labs Holdings Ltd – (CSE:XTRX) (FRA:D2EP) is on the road again. On June 21, the company announced that its marketing and sales team had embarked on a second RV tour across Canada to build relationships and offer support to licensed cannabis retailers. Phyto Extractions launched the “The Shatter Run” as its shatter SKUs are hitting shelves in British Columbia, Saskatchewan, Manitoba, and soon to launch in Alberta and Ontario. The tour left from Ontario en-route back to the company’s home base in British Columbia.

American Battery Metals Corporation (OTCQB:ABML) told investors that the mass grading permit for its proposed lithium-ion battery recycling pilot plant was approved by the City of Fernley, Nevada, marking another step closer to the start of construction. The company, which is changing its name to American Battery Technology Company (ABTC), said once its core/shell building permit is approved, it will commence grading at the site. Timing will depend on the review and approval process by the city, it added. 

FansUnite Entertainment Inc (CSE:FANS) (OTCQX:FUNFF) (FRA:4UY) has appointed Anna Smith as its head of compliance, the gaming company announced. With more than a decade of gaming industry experience, Smith has built a career working in anti-money laundering, fraud detection, payments and investigations.  For the last three years, she has worked as a money laundering reporting officer at several well-recognized international gambling companies that operate in the UK and Malta jurisdictions. She has also worked as a fraud analyst at bet365, a popular British sports betting operator.  Smith will be responsible for ensuring that FansUnite’s B2B and B2C operations comply with the licensing requirements and laws of each regulated market related to iGaming, sports betting and virtual casinos.

O3 Mining Inc (CVE:OIII) (OTCQX:OIIIF) reported drill results from nine holes drilled in and around its Marban open-pittable deposits in Quebec, which included 3.4 grams per tonne (g/t) gold over 3.1 metres (m), as well as 1.0 g/t gold over 29.4m. The company said it continues to extend gold mineralization with the potential to increase resources within trucking distance of the planned Marban processing infrastructure. “We continue to add value to our shareholders through our aggressive drilling program. Today’s results combined with our previously reported results within the open-pittable areas on June 1st, 2021, further show our potential to expand the open pits at Marban and ultimately increase the existing resource,” O3 Mining CEO Jose Vizquerra said in a statement.

MagicMed Industries Inc merger partner Enveric Biosciences Inc (NASDAQ:ENVB) announced that it has received approval from the Israeli Ministry of Health to begin the Phase 1/2 portion of its study of its synthetic cannabidiol (CBD) glioblastoma treatment, EV101. The study is designed to investigate the safety and efficacy of synthetic CBD when administered alone or in combination with clomiphene, concurrently with the tumor medication temozolomide, to treat patients suffering from recurrent or progressive glioblastoma (GBM). The study will be conducted at the Davidoff Institute of Oncology, Rabin Medical Center, in Israel under principal investigator Tali Siegal.

Benchmark Metals Inc (CVE:BNCH) (OTCQX:BNCHF) has outlined this year’s exploration plans for the Marmot and Marmot East discoveries at its flagship Lawyers gold, silver project in British Columbia, where it sees potential to expand mineral resources. In May this year, the explorer unveiled an initial resource for the property, which spans 140 square kiometres, covering the Cliff Creek, AGB, Dukes Ridge and Phoenix zones and the indicated pit constrained resource was pegged at 2.05 million ounces (Moz) of gold-equivalent.

Ximen Mining Corp (CVE:XIM) (FRA:1XMA) (OTCQB:XXMMF) has announced that diamond drilling is about to commence at its newly acquired Wild Horse Creek Gold property. In conjunction with one of the property vendors, the Vancouver-based junior precious metals explorer said that a helicopter-supported drill program is about to start on one of the claims recently acquired at Wild Horse Creek, which is located 15 kilometres northeast of Cranbrook in the Fort Steele Mining Division in southern British Columbia. Drilling will follow up on previous drill results that returned high gold values, Ximen added.

Soma Gold Corp (CVE:SOMA) (OTCMKTS:SMAGF) (FRA:8PR1) said it is participating in a program initiated by leading Colombian companies in cooperation with the Colombian government to provide coronavirus (COVID-19) vaccinations to employees at its El Bagre mine site, as well as their families. The Colombia-focused precious metals company also announced that during the second quarter ending June 30, 2021, it produced 4,020 gold equivalent ounces and sold 3,799 ounces. Construction at the project’s Fenix and Athena portals accelerated during the quarter, with the Fenix decline expected to reach the vein at Level 2 at the southern end of the deposit by the end of July 2021 and the Athena decline scheduled to reach Level 2 at the northern end of the deposit by September 2021. Full production of 400 tons per day (TPD) from the Cordero mine is expected before the end of the year. The grade at Cordero is expected to be between 6.5 and 8.5 grams per ton gold.

Electric Royalties Ltd (CVE:ELEC) (OTCMKTS:ELECF) said it has closed a previously announced private placement consisting of 5 million units of the company for gross proceeds of C$2 million. The battery and electric vehicle metals royalty company has a portfolio of a dozen royalties and is in the process of acquiring four more. The private offering was originally launched in early May and updated a few weeks later. 

Stifel GMP has repeated a ‘Buy’ on Maverix Metals Inc (NYSEAMERICAN:MMX) (TSE:MMX) (FRA:7781) and lifted the target price, highlighting that the planned production growth at the Beta Hunt mine in Australia will boost the value of the company and its royalty there. Maverix holds a 4.75% gold royalty and 1.5% nickel net smelter royalty (NSR) on Karora Resources Inc’s (TSE:KRR) (OTCMKTS:KRRGF) (FRA:5RN1) Beta Hunt gold mine. 

American Eagle Gold Corp (CVE:AE) said the TSX Venture Exchange has accepted for filing a lease with option to purchase agreement dated June 28, 2021, between the company and Pyramid Lake LLC, with respect to the Garden Gate Pass property, located in the Cortez mining district in Nevada. Consideration is $168,000 (years 1 through 5), and $40,000 in year 6 and in each year thereafter while the agreement remains in effect, subject to an additional 5%, and the issuance of 200,000 common shares. The company has the right to purchase the property for $2 million in cash and two million common shares at any time. Upon commencement of production, the company shall pay Pyramid Lake LLC a 3% net smelter return (NSR) royalty; the company has the right to reduce the royalty to 1.5% upon the payment of US$1 million in cash, subject to further exchange review and acceptance.

Canada Silver Cobalt Works Inc. (CVE:CCW) (OTCMKTS:CCWOF) (FRA:4T9B) said it has retained the services of Toronto-based Oak Hill Financial to assist with investor relations activities. “We are excited to work with Oak Hill, one of Canada’s leading investor relations firms, to further engage with the Canadian investment community and ensure that we are getting our story out to investors,” said Frank Basa, CEO of Canada Silver Cobalt. “As we accelerate our drive towards commencing mining high-grade silver and cobalt at our Northern Ontario mines, Oak Hill will assist in providing investors with greater visibility on our progress.” Oak Hill has been engaged for a three-month period to provide Canada Silver Cobalt with Canadian investor relations advisory activities. The total cost to the company over the term of the agreement is $36,000 plus HST. The company will also issue 100,000 options to Oak Hill with a price equal to the higher of the closing price of the company’s common shares on the day before or the day of issuance. The agreement may be renewed or extended by the company and Oak Hill at the end of the initial term. The agreement is subject to TSX Venture Exchange acceptance.

The Valens Company Inc. (TSX:VLNS) (OTCQX:VLNCF) has said it will issue its second quarter 2021 financial results, for the period ended May 31, 2021, on Wednesday, July 14, 2021, after the markets close. The company also said it will host a conference call the following day, Thursday, July 15, 2021, at 11.00am Eastern Time / 8.00am Pacific Time to discuss the financial results and business outlook. Tyler Robson, Valens chief executive officer, Sunil Gandhi, chief financial officer, Jeff Fallows, president, and Everett Knight, executive vice president of Corporate Development and Capital Markets, will be conducting a question-and-answer session following the prepared remarks. Participant Dial-In Numbers are: Toll-Free 1-877-407-0792; Toll / International: 1-201-689-8263; confirmation code 13720844. The call will be available via webcast on the investor page of the company website at A replay of the call will be available on the Valens investor page approximately two hours after the conference call has ended.

Progressive Planet Solutions Inc. (CVE:PLAN) has said it will be hosting a Zoom webinar to update investors on its technology initiatives and the path to commercialization for economic and eco-friendly solutions for the cement and concrete industry on Thursday, July 15, 2021, at 4.00pm Eastern Time. Investors can register in advance for the webinar via the following link:

OTC Markets Group Inc. (OTCQX:OTCM) has announced that EnviroLeach Technologies Inc. (CSE:ETI) (OTCQX:EVLLF), a company engaged in the development and commercialization of environmentally-friendly formulas and technologies for the treatment of materials in the primary and secondary metals sectors, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. Duane Nelson, president and CEO of EnviroLeach commented: “I am very pleased for our Company to make this move to the OTCQX. This upgrade will help build investor confidence and trust, increase visibility, enhance liquidity and attract new investors to our compelling story.

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