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NA Proactive news snapshot: Levitee Labs, Altiplano Metals, MGX Minerals, Fobi AI, Kintara Therapeutics, American Battery Metals UPDATE...

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Levitee Labs (CSE:LVT) Inc announced that it’s common shares are now eligible for electronic clearing and settlement through the Depository Trust Company in the US. Commenting on the designation, CEO Pouya Farmand said: “We are pleased to have obtained our DTC eligibility. This eligibility will simplify the process of trading shares in the USA, which will be beneficial to Levitee and our shareholders. With DTC eligibility, the increased accessibility and visibility is expected to attract greater investment and trading liquidity from American investors as our shares will be available to a broader range of investors as we continue to expand our business.”

Altiplano Metals Inc has completed the planned expansion of the Hugo Decline to the 360 meter working level at the Farellon copper-gold mine in Chile. The roughly 110 meter (m) expansion to the 360m level is designed to provide two new mining access points along the northeast (NE) and southwest (SW) drifts where mining has begun. This work is part of the ongoing underground development and sustainability initiatives at Farellon. The company is actively expanding the underground operations to increase efficiencies, improve grade, and access new working mining headings.

MGX Minerals Inc has announced that a joint internal and external review is underway of existing Advanced Small Modular Nuclear Reactor Technologies (SMR) and related opportunities. The company said it is currently reviewing existing SMR designs, fuel and related commodities, in particular TRI – structural ISOtropic particle fuel (TRISO) reactors, and related mining and fuel processing. For more information on TRISO reactors see: https://www.energy.gov/ne/articles/triso-particles-most-robust-nuclear-fuel-earth

Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) (TSX-V:FOBI, OTCQB:FOBIF) Inc., a provider of real-time data analytics through artificial intelligence (AI) to drive operational efficiencies, revealed that it has struck a data consulting agreement with Azincourt Energy (TSX-V:AAZ) (TSX-V:AAZ) Corp., a Canadian resource company specializing in the acquisition and development of alternative energy and fuel projects, including uranium, lithium, and other clean energy elements. The Vancouver-based advanced technology company said it will help Azincourt in the development of a big data and operational intelligence platform to transform legacy and in some cases antiquated but commonly used practices in the mining and exploration sector. Fobi will introduce AI applications and data mining techniques that analyze large amounts of aggregated data, detecting patterns and consistencies that may not be readily apparent otherwise, and can therefore help provide road maps to help Azincourt achieve more impactful drill holes in less time, and with less cost. 

Kintara Therapeutics (NASDAQ:KTRA) Inc has entered into securities purchase agreements with certain healthcare-focused institutional investors to raise about $15 million in gross proceeds. It intends to use the net proceeds to fund its clinical studies, working capital, and other general corporate purposes. Also, the money may be used to fund acquisitions or investments in businesses, products, or technologies complementary to the company. As part of a registered direct offering priced at-the-market under Nasdaq rules, the company will issue 12 million shares of its common stock (or common stock equivalents) and investor warrants to purchase up to an aggregate of 12 million shares of common stock. Each share of common stock (or common stock equivalent) is being sold together with one investor warrant to purchase one share of common stock at a combined offering price of $1.25. The investor warrants have an exercise price of $1.25 per share and are exercisable for three and one-half years from the date of issuance.

American Battery Metals Corporation (OTCQB:ABML) has entered into an agreement to secure 305 unpatented lode mining claims covering about 6,100 acres administered by the Bureau of Land Management (BLM) near Tonopah, Nevada. The company — which is in the process of changing its name to American Battery Technology Company (ABTC) — said the agreement is in the form of an exclusive exploration license, giving it sole authority to conduct its surveying, sampling, and proprietary extraction trials to characterize these resources and to quantify the performance of the lithium extraction and manufacturing operations. After concluding its trials and internal assessments, ABTC then has the exclusive option to purchase the lithium-bearing claims.

Delta 9 Cannabis Inc said it has been placed seventh on The Globe and Mail’s 2021 Report on Business ranking of Canada’s Top Growing Companies, which is based on revenue growth over the past three years. Delta 9 noted it earned its spot with a three-year revenue growth of 5,413%. 

One World Lithium Inc announced it has started drilling a fourth hole on its Salar del Diablo lithium brine property in Mexico. The company said that DDH-4 (diamond drill hole) is drilling around 16 kilometres (km) north of DDH-3, and 34 km south of DDH-2 in the upper portion of the borehole. DDH-4 is anticipated to be drilled to a depth of up to 600 metres (m), with the goal of encountering a suspected deep brine system, according to a statement. Drilling at DDH-3 stopped at 230m because of difficulties in accessing the hole location, OWL told investors. OWL’s operator at Salar del Diablo, Montgomery & Associates, recommended the drilling location for DDH-4, noting that “the bore hole may intersect historic and current hydrothermal activity that are evident and is often a source of lithium, such as in the Lithium Triangle in Argentina and Chile.”

Water Tower Research reviewed growth prospects for Chandler, Arizona-based education technology company Zovio Inc., as part of its management series. The Zovio growth segment consists primarily of the Fullstack Academy and TutorMe businesses, both acquired in the first half of 2019. “Both businesses have performed very well since being acquired, with Fullstack having now 16 university partners (none when it was acquired) and TutorMe having tutoring contracts with 250 institutions,” said Water Tower Research. “Management is guiding toward 30% revenue growth for the segment, possibly a conservative figure given the actual recent growth rates.” You can read the full report here. 

Bam Bam Resources (CSE:BBR) Corp has announced the completion of 10 drill pads, 10 sumps and 3 roadways at the company’s Majuba Hill porphyry copper project in Nevada. The roads completed include a connecting road, which will allow for ready accessibility to the western portion of the project and a road to access the top, which had limited access previously. “We are thrilled to have completed this drill preparation and are excited about the prospect of drilling Majuba Hill in short order,” Bam Bam Resources (CSE:BBR) consulting geologist Molly Hunsaker said in a statement. 

IEC Electronics (NASDAQ:IEC) Corp and Creation Technologies Inc, which are in the process of a transaction that will see Creation acquire all outstanding shares of IEC, jointly announced that CTI Acquisition Corp, an entity controlled by Creation, had extended the offering period of the previously commenced cash tender offer by Creation to purchase all of the issued and outstanding shares of common stock of IEC to 5:00 PM ET, on September 30, 2021, unless further extended. The tender offer was previously scheduled to expire at the end of the day, at midnight, New York City time, on September 23, 2021. Creation said extended the offering period because less than two-thirds of IEC’s shares have been tendered. As of September 23, 2021, 6,406,629 shares of common stock of IEC, representing approximately 60.0% of the issued and outstanding IEC shares, were tendered pursuant to the tender offer. Stockholders who have already tendered their shares of common stock of IEC do not have to re-tender their shares or take any other actions as a result of the extension of the expiration of the tender offer.

GGX Gold Corp. (TSX-V:GGX) announced it had engaged established capital markets advisory firm 360 Aviation Services Inc. (360) for investor relations (IR) services. 360 will provide strategic marketing, investor relations and capital markets communications services. The agreement is for six months and GGX Gold will pay a monthly fee of $4,500. “We continue to focus on unlocking the value at our Gold Drop Property. The potential of a bulk sample at the C.O.D. vein will provide invaluable information to our team as we continue to advance the project,” said Barry Brown, CEO of GGX Gold in a brief statement. GGX also said that it had granted 975,000 stock options at an exercise price of $0.16 to its directors, officers, employees, consultants and investor relations.

OTC Markets Group Inc said  e-therapeutics PLC, a UK-based company specializing in computational drug discovery with a focus on developing RNA interference (RNAi) therapeutics, has qualified to trade on the OTCQX Best Market. e-therapeutics PLC begins trading on September 24 on OTCQX under the symbol “ETXPF.” In a statament, e-therapeutics CEO Ali Mortazavi said: ”Trading on OTCQX is an important step for e-therapeutics to broaden the Company’s shareholder base. US institutional and retail investors will now be able to buy and sell our shares via online trading platforms and mobile apps. We believe that our computational biology and RNAi therapeutics platforms are particularly suited to a global audience and we look forward to sharing our equity story with an international audience.”

Kenorland Minerals Ltd (TSX-V:KLD). has announced that its common shares received approval from The Depository Trust Company (DTC) of New York and are now DTC eligible. DTC eligibility allows the company’s shares to be more easily and economically transferred between brokerage accounts electronically within the US. DTC is the largest securities depository in the world, providing clearing and settlement efficiencies for brokers, as well as various other services. With DTC eligibility, existing investors benefit from potentially greater liquidity and execution speeds. This also opens the door to new investors that may have been previously restricted from the company’s common shares and simplifies the process of trading the common shares in the US.

Wellteq Digital Health Inc has announced that Baker Tilly WM LLP has been appointed as auditor for the company effective September 16, 2021, following the voluntarily resignation of Dale Matheson Carr-Hilton Labonte LLP. The company confirms that there have been no modified opinions in the former auditor’s reports during the “relevant period” as that term is defined in Section 4.11 of National Instrument 51-102 — Continuous Disclosure Obligations (NI 51-102); that the company’s board of directors and audit committee each approved the resignation of the former auditor and the appointment of the successor auditor in place of the former auditor; that there were no “reportable events” (as defined in NI 51-102) in connection with each of the former auditor’s audits of the company, which occurred before its resignation as auditor of the company; and that the notice of change of auditor was approved by the company’s board of directors. 

New Pacific Metals (TSX:NUAG, NYSE:NEWP) said company executives we will be attending the StockPulse Silver Symposium in-person September 27-28 in Coeur d’Alene, Idaho. Dr. Mark Cruise, CEO of New Pacific Metals (TSX:NUAG, NYSE:NEWP) will be presenting virtually at 9:00 am  PST on Monday, September 27, 2021. Register for this free event here.

Deep-South Resources Inc (TSX-V:DSM, FRA:DSD) announced that at the Court hearing on September 16, 2021, the High Court of Namibia ordered the Ministry of Mines and Energy of Namibia to file the documents supporting the decision of the Minister to refuse the Haib Copper licence renewal. After the filing of the Ministry’s documents, Haib Minerals (the subsidiary of Deep-South holding the licence) will have until October 21, 2021 to supplement or amend its own documents filed on July 20, 2021. The Court will hold another hearing on October 28, 2021, to define the further procedures with regards to the review of the decision of the Minister. In June 2021, Deep South was notified by the Ministry that its application for the renewal of its EPL had been denied. The company maintains that the Ministry was kept well apprised, with no objection on their part, of a proposed change from the Pre-Feasibility study to an upgraded Preliminary Economic Assessment (PEA) and commencement of a full feasibility study. The latter was already started at the time of the refusal. Moreover, the Ministry issued all permits required for the drilling program and are well aware that Deep-South has completed the drilling program.

DGTL Holdings Inc announced that it will not meet the filing date for filing of the company’s Annual Audited Financial Statements for the year ended May 31, 2021, and its Management Discussion & Analysis for the year ended May 31, 2021. The default is due, in part, to the integration of its wholly-owned subsidiary, Hashoff LLC, the complexity of the acquisition transaction, and various delays and cross border travel restrictions caused by Covid-19, which collectively resulted in the company not having adequate time and resources available to complete the audit in the allotted time. DGTL said it is working with its auditor, Baker Tilly WM LLP, to complete the audit in a “timely manner.”

 

 

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/961322/na-proactive-news-snapshot-levitee-labs-altiplano-metals-mgx-minerals-fobi-ai-kintara-therapeutics-american-battery-metals-update-961322.html


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