NA Proactive news snapshot: Xigem Technologies, Melkior Resources, Willow Biosciences, Fobi AI ...

Xigem Technologies (CSE:XIGM, OTCQB:XIGMF) Corporation has announced further details of its plans to integrate a proposed acquisition of business intelligence company 2747524 Ontario Inc., which operates as Cylix Data Group, with its existing iAgent and FOOi technology. Xigem said the integration of these patented technologies would create a seriously robust platform designed to capitalize on the growing multi-billion dollar Big Data market. Xigem’s fundamental strategy is to aggregate a portfolio of innovative and disruptive technologies to help organizations thrive in today’s remote economy. Cylix, with a proprietary database holding more than 74 million continually refreshed data points, is poised to become one of the leading aggregators and originators of corporate and personal data in the Big Data market. 

Melkior Resources Inc told investors it was reviewing data to define additional targets to explore at its Val D’Or project in Quebec as it posted the latest sample assay results. The junior explorer said it had now received all 705 sample results from the near 1,500 metre (m), 2021 drill campaign, which was aimed at investigating the geology in the western extension of four mineralized showings outside the property. “Most of the magnetic structures are oriented E-W and can be followed over long distances. Existing historic mineralization appear to be continuous over those structures and were found at similar relative position in holes from the 2021 campaign,” said Melkior in a statement. Combining historic results with those of 2021 showed that the anomalous zones tended to be parallel to the magnetic lineament, it added.

Willow Biosciences Inc reports that it ended its third quarter on September 30, 2021 with $35.7 million in cash while making notable advancements in its operations. During the remainder of 2021, Willow said it plans to continue to optimize its commercial process for the rare cannabinoid CBG (cannabigerol), supply product to customers, seed commercial samples to new potential customers, and build out a robust order book for 2022, which the company expects to be its first full year of commercial production and sales.

Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc said it has entered into an agreement to provide its Wallet pass-based venue management solution for American singer-songwriter, Sammy Hagar’s sold-out shows at The STRAT Hotel, Casino & SkyPod in Las Vegas. The technology company, a leader in providing real-time data analytics through artificial intelligence, said it will generate revenue through an initial setup fee and ongoing Wallet pass license fees. Fobi will provide the digital vaccination and testing verification solution for Hagar’s shows at the Las Vegas venue, it added. “Las Vegas is the entertainment capital of the world and implementing the Fobi Wallet pass technology at Sammy Hagar’s sold-out shows at The STRAT Hotel, Casino & SkyPod in Las Vegas is a big opportunity and another big milestone for the company,” said Fobi CEO Rob Anson in a statement.

Tocvan Ventures Corp has unveiled its exploration plans for the recently acquired El Picacho gold-silver project in Sonora state, Mexico -  thought to be an orogenic gold system. As reported in September this year, the firm inked a definitive agreement with Millrock Resources Inc over the asset, which hosts five main target areas so far identified called San Ramon, Cornea, Jabali, Puerto and Tortuga, which span over six kilometers (km) of prospective trend. The project is fully permitted to carry out 1,995 meters (m) of trenching, 60 drill holes (up to 15,000m) and 2.2km of access roads. “As we look to continue the advancement of our Pilar Project we are equally excited to begin exploration at El Picacho,” said Tocvan’s vice-president (VP) of exploration Brodie Sutherland in a statement.

Agra Ventures Ltd has said its wholly-owned subsidiary, Propagation Services Canada Inc - doing business as Boundary Bay Cannabis - has signed a cannabis offtake agreement for an initial period of six months, securing a recurring revenue stream for the company. The offtake agreement specifies the recurring monthly purchase of a defined minimum quantity of cannabis in dried flower form, with a minimum range of THC content, terpenes and other specifications, said Agra Ventures. No details on price or volume were disclosed due to the confidentiality clause within the agreement, added the company. “Management expects that this is merely the start of a regular and foundational revenue stream for the company. This offtake agreement is consistent with our previously announced business-to-business sales strategy,” said Elise Coppens, CEO and director of Agra Ventures in a statement.

Milestone Scientific Inc (NYSE:MLSS) reported a 69% uplift in revenue in its third-quarter to end-September compared to last year, as dental offices began opening up again and the group’s medical sales and marketing initiatives began to stick. For the three months to September 30, the medtech group said revenue was around $2.1 million versus $1.2 million in the year-ago quarter, with dental revenue increasing around $0.8 million on last year.

Alternus Energy PLC (EURONEXT:ALT) revealed it swung to a net income in its third-quarter compared to a loss in the year-ago period as the company continues to grow. The group also told investors it had now completed all 109 megawatts (MW) of targeted acquisitions in the year so far.  In the three months to end-September, the company reported net income of €0.3 million, compared to a loss of €2.5 million in 3Q, 2020, on revenue of €7.1 million versus €2 million in the year-ago period. Earnings before interest, tax, depreciation and amortization (EBITDA) rose to €4.6 million, up from negative €0.2 million in 3Q, 2020. ”Alternus has had its strongest financial quarter ever. This reflects successful execution of our business model and shows the significant economies of scale that are achievable as we continue to add operational capacity,” said Vincent Browne, CEO in a statement.

Orgenesis (NASDAQ:ORGS) Inc said it has entered into a collaboration agreement with Tel Aviv Sourasky Medical Center to establish a point-of-care (POCare) cell therapy center at the Ichilov Hospital, a leading multidisciplinary healthcare institution in Israel. The collaboration will initially focus on advancing the clinical development and validation of Orgenesis’ CD19 CAR-T therapies, including CAR-T derived exosome products, utilizing Orgenesis’ proprietary T-cell culturing and point-of-care processes and systems, the global biotech company said in a statement. Orgenesis and Tel Aviv Sourasky Medical Center also plan to deploy Orgenesis Mobile Processing Units and Labs (OMPULs) onsite to support joint research and validation activities for advanced cell and gene therapies they develop. OMPULs are multi-purpose, mobile, autonomous good manufacturing practice (GMP) facilities designed to significantly reduce the costs of advanced therapy production and accelerate the clinical development process at the point of care.

Trust Stamp (OTCQX:IDAI, EURONEXT:AIID) Inc, a provider of AI-powered trust and identity services, announced it has started establishing a wholly-owned crypto-asset subsidiary called Metapresence Limited in the Isle of Man. Metapresence will operate a crypto key vault that leverages Trust Stamp’s facial biometric authentication technology to establish and grant access to the vault, according to Trust Stamp. The technology converts biometric and other data into Trust Stamp’s Irreversibly Transformed Identity Token (IT2) and immediately discarded, which helps remove the risk for sensitive biometric data, account credentials, or encryption keys to be exposed or compromised.

SpotLite360 IOT Solutions (CSE:LITE) Inc has announced a non-binding letter of intent (LOI) to acquire a majority interest in Colorado’s E3 Services Group LLC. The company said with E3’s “impressive” multi-state presence in the cannabis cultivation space the proposed acquisition will create new revenue opportunities as well as enhance SpotLite360’s ability to commercialize its supply chain visibility solution utilizing Internet of Things (IoT) and blockchain technologies.

Vicinity Motor Corp, a North American supplier of commercial electric vehicles, said that new strategic partnerships with Optimal-EV and EAVX build the company’s foundation for a “breakthrough FY 2022″ with projected revenues of at least $140 million. In a statement accompanying the company’s third-quarter numbers, Vicinity Motor founder CEO William Trainer said: “The 3Q of 2021 was instrumental in our foundation building for 2022, having secured exciting new lines of business – namely EV chassis sales alongside EAVX and low-floor electric shuttle bus sales through our new partner Optimal-EV. While revenues from our transit bus business are at times irregular and see some periods of lower deliveries as illustrated this quarter, per the financial guidance we’ve released, we are on a trajectory to realize over $140 million in revenue next year – marking what will be a record-breaking year for Vicinity by any measure.”

Karora Resources Inc has announced new exploration drill results from its Beta Hunt gold mine in Western Australia, which included 40.5 grams per tonne (g/t) gold over 4.0 metres (m), as well as its widest intercept to date totalling 1.5 g/t gold over 90.5m. The company said the new results include the discovery of high-grade gold mineralization about 50m below the interpreted extension of the 50C nickel trough in the Gamma Block.

Heritage Cannabis Holdings Corp said it has signed a commercial agreement with Canopy Growth Corp for the supply of bulk concentrates, including live resin. The company recently provided the first shipment of live resin to Canopy, with future purchase orders and shipments to follow. “I am honoured that Heritage is being recognized by Canopy and was selected as the pre-eminent commercial partner to supply their bulk concentrates,” said David Schwede, CEO of Heritage in a statement. “We are excited to launch this relationship as it demonstrates our depth and breadth of experience in cannabis extraction and provides a high gross margin revenue stream to our well-established platform – one that we will continue to grow through a number of additional commercial relationships we are pursuing, he added.

American Manganese Inc revealed that the Canadian Patent Office has issued the company a Notice of Allowance with respect to its National Phase Patent Application for its lithium-ion battery recycling technology, RecycLiCo. The Notice of Allowance is a formal notification indicating that the examination of the invention has been completed by the Canadian Patent Office and is allowed for issuance as a patent. “The company’s attorney will be completing documentation and submitting fees for formal issuance of the Canadian patent,” said the company.

FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has announced that its CEO Scott Burton has been named to the board of the Canadian Gaming Association (CGA). The CGA is a national trade association that represents leading operators and suppliers in Canada’s gaming, sports betting, esports, and lottery industries – a full spectrum of companies from land-based and online casino operators to providers of global premium sports, eSports, and game content and technology. “It’s a real privilege to be able to serve on the Board of the Canadian Gaming Association,” said Scott Burton, CEO of FansUnite in a statement. “To have the opportunity to help shape the future of Canadian gaming is an honor. I look forward to working with the CGA to ensure the best experience for sports betting and iGaming operators and consumers.”

Virtual Investor Conferences, the leading proprietary investor conference series, has announced that the presentations from the Critical and Precious Metals Investor Conference are now available for on-demand viewing at: https://bit.ly/3oeX6bJ The company presentations will be available 24/7 for 90 days. Investors, advisors and analysts may download shareholder materials from the ‘virtual trade booth’ for the next three weeks. A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group Inc’s suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.  To view a complete calendar of Virtual Investor Conferences, investors can visit: www.virtualinvestorconferences.com.

ElectraMeccanica (NASDAQ:SOLO) Vehicles Corp has said it will showcase its vehicles at the Los Angeles Auto Show taking place November 17-28, 2021 at the Los Angeles Convention Center. The ElectraMeccanica booth will be located near the West Hall Main Entrance. The Company will display multiple versions of its flagship, single-seat SOLO EV. In addition, ElectraMeccanica will offer free, scheduled test drives to consumers and the media to experience the SOLO EV on a surface street on-site, at the event. “The LA Auto Show is a must-attend destination for many industry influencers, car enthusiasts and many others, where we are excited to both display our incredible vehicles and offer the opportunity for test drives to get that first-hand experience of our SOLO EV,” said Kevin Pavlov, CEO of ElectraMeccanica. “As a leader in showcasing the crossroads of the automotive and technology sectors, the LA Auto Show is a pioneer that supports consumer adoption and education on the benefits of electric vehicles. As part of this premier national event, we will use this opportunity to deliver additional SOLO EVs to reservation holders and fleet customers, alike.” The company also reminder shareholders that its management will host a corporate update conference call on Wednesday, November 17, 2021, at 4.30pm Eastern time to provide a corporate update and discuss current growth initiatives. The call will conclude with Q&A from participants. Dial0in details:  US/Canada 1-877-413-2408; International 1-201-689-8465; Conference ID: 13724898; Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1510891&tp_key=3d0dc4c5a9. A playback of the call will be available through Wednesday, December 8, 2021. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using the replay pin number 13724898. A webcast will also be available by clicking here: https://viavid.webcasts.com/starthere.jsp?ei=1510891&tp_key=3d0dc4c5a9

Steppe Gold Ltd said it has filed its financial results for the quarter ended September 30, 2021. The full version of the Condensed Interim Consolidated Financial Statements and Management’s Discussion & Analysis can be viewed on the company’s website at www.steppegold.com or under the company’s profile on SEDAR at www.sedar.com.

Global Energy Metals Corporation (GEMC) has said it will make an application to the TSX Venture Exchange for approval of the implementation of a proposed early warrant exercise incentive program intended to encourage the early exercise of up to 4,794,000 outstanding share purchase warrants of the company.  Proceeds of the Incentive Program will be used to fund exploration expansion programs at the company’s projects in both Nevada and Idaho, USA and for general working capital.   Mitchell Smith, president and CEO of GEMC said: “This is an opportunity for in-the-money warrant holders to exercise their Warrants early and receive a strong incentive to do so. It also provides additional capital to continue the advancement of the Company’s corporate interests including expanding the existing work programs at the battery mineral-rich Lovelock Cobalt Nickel Copper Mine and Treasure Box projects in Nevada and the Monument Peak Copper-Silver-Gold project in Idaho.” The eligible warrants were originally issued as part of units of the company issued under its September 29, 2020 placing. Each whole eligible warrant is currently exercisable to acquire one common share of the company at a price of $0.15 per share. Eligible Warrants will expire on September 7, 2023, and September 28, 2023.

Thunderbird Entertainment Group Inc (TSX-V:TBRD, OTCQX:THBRF) has announced that it will host a webcast investor presentation on Thursday, November 18, 2021, at 8.00am PT/ 11.00amET. During the webcast, Thunderbird’s chief executive officer Jennifer Twiner McCarron, will provide a presentation through a PowerPoint discussion that will cover key areas of Thunderbird’s business. After the formal presentation, investors will have an opportunity to ask relevant questions through an interactive Q&A portal. To listen to the webcast or to ask questions during the live event, investors can pre-register at the following link: https://event.webcasts.com/starthere.jsp?ei=1501616&tp_key=4f35c006da. An archived version of the webcast and presentation will be available on the company’s website, https://thunderbird.tv/events

Recruiter.com Group Inc has announced that it will host a conference call and audio webcast on Monday, November 15, 2021, at 4.30pm ET / 1.3-pm PT to discuss its financial results for the third quarter ended September 30, 2021. The company plans to announce its third-quarter financial results at 4.00pm ET, on Monday, November 15. Recruiter.com’s chairman and CEO Evan Sohn, CFO Judy Krandel, and president and COO Miles Jennings will provide an operational and financial summary of the third quarter on a video call, with a live question and answer session. To register for the live webcast and view the presentation, investors can sign up here: https://audience.mysequire.com/webinar-view?webinar_id=d6087985-059f-418b-830a-051e69e2ebc4. To access the conference by phone the dial-in number is +1 253-215-8782; meeting ID: 91842229626; passcode: 496911. The webcast will be available on investors.recruiter.com for at least 90 days.

Jack Nathan Medical Corp has announced that it will be participating in the Canaccord Genuity (TSX:CF, LSE:CF) 3rd Annual Health and Wellness Conference on Tuesday, November 16, 2021. The conference will be delivered virtually. Dr Glenn Copeland, CEO of Jack Nathan Health (TSX-V:JNH, OTCQB:JNHMF), and David Berman, CFO of Jack Nathan Health, will be presenting at the conference at 8.30am Eastern Time to discuss the company’s rapid clinic expansion in Canada and Mexico as well as other growth initiatives. Registration Link: https://www.meetmax.com/sched/event_77933/investor_reg_new.html?attendee_role_id=INVESTOR

OTC Markets Group Inc, the operator of financial markets for over 11,000 US and global securities, has announced that SSC Security Services Corp, a leading provider of physical and cyber security services, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors.  For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. “We are pleased to now be trading on the OTCQX,” said SSC Security Services Corp. chairman, president & CEO Doug Emsley. “Trading on the OTCQX will improve access to our shares for investors from the US., the largest and most liquid capital market in the world. We anticipate improved liquidity and valuation for all our shareholders, and look forward to increasing our investor relations outreach in the US as a result of this change.”

Story by ProactiveInvestors