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NA Proactive news snapshot: Else Nutrition, GR Silver Mining, KetamineOne Capital, Endeavour Mining ...

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Else Nutrition Holdings Inc (OTCQX:BABYF, TSX-V:BABY) has announced that Sprouts Farmers Market is adding two additional products to its range following the successful launch and better than expected performance of Else Toddler Nutrition at the retailer. The additions include Else Plant-Based Kids Shakes, in chocolate and vanilla flavors, the company added. In the 10 months of sales since the February 2021 launch of Else Toddler Nutrition product at Sprouts Farmers Market, it said sales velocity grew steadily to 1.2 UPSPW (units per store per week), surpassing the category average. It expects the addition of the new Kids products to accelerate overall sales growth at Sprouts.

GR Silver Mining (TSX-V:GRSL) Ltd has reported positive drill results from the Plomosas project in Mexico, which has extended mineralization below the San Marcial resource. The assays come from three holes of an eight-hole program, the first underground drilling undertaken at San Marcial, and confirmed extensions of high-grade silver at “attractive widths and grades” along strike and up to 170 metres (m) down-dip. Highlight drill results from the San Marcial Breccia included 1,792 grams per ton (g/t) silver over 5.6m from 184.5 m downhole in one hole and 773 g/t of silver over a width 18.5m from 179.4m depth. “The first drill results from our resource expansion program at San Marcial have proven the consistency and continuity of the Ag-rich San Marcial Breccia mineralization, along strike and down dip,” said GR Silver Mining (TSX-V:GRSL)‘s CEO Marcio Fonseca in a statement.

KetamineOne Capital announced that it has entered into a one-year agreement with Victoria Wellness Mental Health Residential and Addiction Treatment Centre (VW) to be its exclusive ketamine treatment provider. The Vancouver, British Columbia-based company said it and the centre have launched a first-class, best practice-based, six-week inpatient Ketamine Integrated Therapy Experience (KITE) program. The first three weeks of the KITE program is being structured to offer clients a unique opportunity to benefit from fast-acting, evidence-based and medically supervised ketamine administration to help combat long-standing and prescription resistant mental health conditions such as depression and post-traumatic stress disorder (PTSD), the company added.

Endeavour Mining Corporation said it added three million measured and indicated ounces of gold to its resource inventory in 2021, exceeding a target of 2.5mln ounces. An additional 900,000 was added in the inferred category, mainly at the Ity project. Discovery costs were US$16 per ounce, a somewhat nebulous measure in the industry, but nevertheless interesting to set against the current gold price of over US$1,800 per ounce.

CULT Food Science Corp announced that it has been listed on the Canadian Securities Exchange (CSE) and has begun trading under the ticker symbol ‘CULT’. The Vancouver-based company also said that its portfolio company, MeliBio Inc has provided a commercial update, highlighting its sales, research and development (R&D) pipeline, fundraising, and public relations efforts.  “The listing of CULT’s common shares on the CSE is a great milestone for the company and our shareholders,” said Dorian Banks, CEO of CULT in a statement. “As a public issuer, CULT stands to offer investors a democratized opportunity that is the first of its kind on the capital markets, which is to participate in the important, rapidly growing, and global cellular agriculture space that is expected to materially reduce the large and negative impact that the global food supply chain currently makes on the planet every day,” he added.

MAS Gold Corp (TSX-V:MAS, OTCQB:MSGCF) announced that it has signed a definitive agreement with Comstock to acquire 100% of its interest in the Preview SW gold project and property in return for 30 million common MAS Gold shares. The company noted that Comstock’s 843-hectare Preview SW property is contiguous with its Preview North property in the La Ronge Gold Belt of northeastern Saskatchewan. The Preview SW property and portions of the Preview North property are located within the Mineral Exploration Zone of Lac La Ronge Provincial Park, it added. “The Preview SW property is an ideal addition to MAS Gold’s current portfolio of Hub and Spoke properties, where the concept that the mineralized material from various satellite deposits (Spokes) could be co-mingled at a centrally located processing facility (Hub),” MAS Gold said in a statement.

Aurion Resources (TSX-V:AU) Ltd said that new drill results from the Aamurusko prospect on its Risti project has expanded the gold mineralized envelope on the Finland-located property. Results from 11 of the 17 holes drilled at Aamurusko included 70.1 grams per ton (g/t) gold over 0.70 metres (m) and 11.99 g/t over 2.6m, and 27.6 g/t gold over 0.70m. Multiple broad zones of gold mineralization at the northwest (NW) and Gap zones expanded the mineralized envelope, Aurion told shareholders.

Evergold Corp (TSX-V:EVER, OTC:EVGUF) announced that initial 3D geological modeling of the GL1 Main Zone, located on its Golden Lion property in British Columbia (BC), has highlighted the location of the first high-grade domain drilled on the property, which was intersected by the company in the final three holes of its 2021 drill program. Evergold said this high-grade domain, which comes to surface and returned the highest grades of precious and base metals yet seen in drilling at Golden Lion, will be the focus of follow-up drilling in the 2022 field season. “Last year’s program demonstrated that the GL1 Main Zone is host to high grades over underground-style widths,” Evergold CEO Kevin Keough said in a statement.

Empress Royalty Corp (TSX-V:EMPR, OTCQB:EMPYF) announced that it has increased its total royalty on the Manica gold project in Mozambique with a payment of US$1 million. The Vancouver-based royalty and streaming company said it increased its royalty to 3.375% from 2.25% on January 17, 2022, with the additional payment under the previously executed Royalty Purchase Agreement. The royalty is on gold sales from the Manica project operated by Mutapa Mining & Processing LDA (MMP), up to a total of 95,000 ounces of gold. After that, the royalty percentage will be reduced to 1.125% and will continue into perpetuity, the company added.

Altiplano Metals Inc (TSX-V:APN, OTC:ALTPF) has reported improved grade and record revenue from its Farellon Copper-Gold mine near La Serena in Chile for November 2021. The company said a total of approximately 3,965 tonnes of mineralized copper-gold material was extracted at Farellon, and 2,980 tonnes were sent for processing, representing a 30% improvement over the 2,285 tonnes processed in October. Grade in November improved to 1.94% for the month compared to the October grade of 1.44%. The company attributed the grade improvements to accessing higher grade material in the northeast sections of the mine in the 376 metre (m) and 368m levels, with overall grade control and waste management also being contributors.

Vanstar Mining Resources Inc (TSX-V:VSR, OTCQX:VMNGF) has reported that its joint venture partner IAMGOLD is set to resume drilling at the Nelligan project in Quebec this week with a minimum of 5,000 metres (m) focused on expansion and infill work. In a statement reviewing last year’s highlights and plans for 2022, the junior resource group added that more drill assays from last year’s campaign at Nelligan, which targeted the Western extension, were expected in the first quarter, while IAMGOLD is also eyeing an updated resource combining additional drilling from 2020 to 2022. Vanstar owns a 25% stake in the project, while major IAMGOLD owns the remaining 75%. In November, Vanstar inked a letter of intent (LOI) with IAMGOLD to acquire 75% interest in the Bousquet-Odyno property – an acquisition which is expected to close in coming weeks with a 4,000m drill campaign expected to commence as soon as possible, added Vanstar.

Bam Bam Resources (CSE:BBR) Corp said it has secured a core drill rig from Falcon Drilling to advance its flagship Majuba Hill porphyry copper project in Nevada, USA. Drilling early this year is aimed at following up on surface geophysical and geochemical signatures that appear to be related to the “copper porphyry alteration drilled in the diorite intrusive, that was discovered in the copper-gold target area”, the firm noted. David Greenway, CEO of Bam Bam told investors he was pleased to be working with contractor Falcon. “Their previous work and experience drilling on our programs will help us to quickly expand the emerging porphyry copper district at Majuba Hill,” he said in a statement.

Ready Set Gold Corp has announced the appointment of Alexander McAulay as the company’s new interim CEO following the resignation of CEO Christian Scovenna, effective immediately. Ready Set Gold said McAulay has resigned as the company’s chief financial officer (CFO), but will remain as the company’s corporate secretary. Phillip Ellard will replace McAulay as the company’s new interim CFO.

PowerTap Hydrogen Capital Corp has announced the appointment of Channce Fuller as president and chief executive officer of its 49% owned subsidiary AES-100 Inc. The company noted that Fuller brings diverse experience in executive leadership, operations, marketing/sales, and business development. Most recently, he was vice president, Western Canada for Terrapure Environmental (a subsidiary of GFL Environmental) where he was directly accountable for the planning and performance of day-to-day operations with leadership accountability for developing multi-year strategies, business plans and the achievement of financial goals/objectives while driving improvements in EH&S and other supporting functional areas. Prior to this, Fuller worked in the Agriculture and Chemicals industry at Nutrien, the world’s largest fertilizer producer and crop retailer. During his tenure at Nutrien, he worked in technical engineering, process safety, corporate development and global strategy development.

Doré Copper Mining Corp said it has hired Sylvain Lépine as its vice-president (VP) of exploration with immediate effect. Lépine has over 15 years’ experience in the mining industry, mainly in gold and base metals in Québec, and was president of the Rouyn-Noranda chapter of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) from 2013 to 2019. He joined Yorbeau Resources Inc in 2015 and was appointed VP Exploration in 2020. He had the same role at Cogitore Resources Inc from 2013 to 2015. “We welcome Sylvain to Doré Copper to the newly created position of Vice President Exploration,” Ernest Mast, CEO of Doré Copper told investors in a statement. “His extensive experience in the Chibougamau area and the Abitibi region of Québec will be instrumental to our strategy of advancing the Corporation’s assets.”

XPhyto Therapeutics Corp has announced the appointment of Drahoslav Zdarek as the company’s head of sales, Europe. The company said Zdarek will focus on building out distribution, sales and marketing of the company’s products, with high priority on the commercialization of Covid-ID Lab, its German CE Mark approved rapid RT-PCR test registered within the European Union as a commercial in vitro diagnostic (CE-IVD) test. XPhyto noted that Zdarek has over 25 years of European pharmaceutical sales and marketing success. His previous positions include over 13 years of marketing and sales for Teva Pharmaceutical focusing on the European market, Head of Business Development at CC Pharma GmbH and Head of Sales at Cell Pharma GmbH, a subsidiary of Stada Arzneimittel AG. He is a licensed pharmacist and a certified trainer for the Covid-ID Lab test. “Mr Zdarek is an important addition to the Company, joining at the right time. With his technical experience as well as sales skills he will help expand our European distribution and sales networks,” said Professor Dr Thomas Beckert, head of XPhyto’s diagnostics and drug formulation business in a statement.

Pathfinder Ventures (TSX-V:RV) Inc said it has engaged Simone Capital Corp to support the company with Investor Relations and Corporate Communications. Simone Capital Corp, located in Ontario and principally owned and operated by Anthony Simone and Matthew Benedetto, will leverage its proprietary database to engage with retail brokers, portfolio managers, analysts, and individual investors for an initial term of three months, extendable by mutual consent.  In consideration for the services, Simone Capital Corp. will be paid $5,000 per month. Simone Capital owns less than 1% of outstanding common shares in Pathfinder Ventures (TSX-V:RV). “Simone Capital is very pleased to be working with the experienced management team at Pathfinder Ventures (TSX-V:RV) Inc. We believe Pathfinder Ventures (TSX-V:RV) is well-positioned to capture market share in the rapidly growing RV and Campground industry across North America,” commented Anthony Simone, president at Simone Capital.

Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc has announced that certain company ‘insiders’ (as defined by the TSX Venture Exchange) have voluntarily agreed to extend the release dates under the lock-up agreements they entered into in connection with the company’s ‘Qualifying Transaction’ which closed on April 15, 2021. Insiders holding approximately 33% of the issued and outstanding shares of the company have agreed to extend the lock-up to be effective until October 31, 2022. Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Founder and CEO Robert Kaul commented: “The board and management of Cloud DX (TSX-V:CDX, OTCQB:CDXFF) are proud of the progress made by our team in 2021 and we are excited about recently announced new contracts, as well as the overall pipeline of new technologies developed by Cloud DX (TSX-V:CDX, OTCQB:CDXFF) we expect to bring to market in the coming quarters. Virtual care is here to stay, and Cloud DX (TSX-V:CDX, OTCQB:CDXFF) has been recognized as a leader in delivering high-quality virtual care services many times recently.”

Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQB:PNXLF) said the TSX Venture Exchange has accepted for filing an exploration and purchase option agreement dated January 3, 2022, between the company’s subsidiary, Argentina Litio & Energia S.A., and Rodrigo Martin Castaneda Nordmann, whereby the company has been granted an option to purchase a 100% interest in the El Pidio GIII lithium mining property, located in Salar de Pocitos, Salta province, Argentina. The aggregate consideration over a three-year period is US$165,000 and 258,334 common shares.

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has announced the exercise of share options for a total of 9,539,000 common shares without par value at prices of 12.0 and 14.5 Canadian Dollar cents per common share. The options have been exercised by Directors and Persons Discharging Managerial Responsibilities (PDMR) for an aggregate consideration of C$1,151,905. Adrian Coates, the company’s non-executive chairman, had previously exercised options over 500,000 new Common Shares at a price of C$0.12 each in the company as announced on December 15, 2021. Following the Admission, Thor Explorations’ issued share capital will consist of 641,897,009 common shares and the directors and PDMRs will hold a 9.58% interest in the company.

Eric Sprott has announced that on January 16, 2022, 10,000,000 common share purchase warrants of Scottie Resources Corp, held by 2176423 Ontario Ltd., a corporation he beneficially owns, expired unexercised representing a decrease in holdings of approximately 4.0% of the outstanding common shares on a partially diluted basis since the date of the last early warning report. Prior to the expiry of these warrants, Sprott beneficially owned and controlled 18,888,889 Scottie shares and 18,888,889 warrants representing approximately 9.3% of the outstanding Shares on a non-diluted basis and approximately 17.1% on a partially diluted basis assuming the exercise of such warrants. As a result of the warrant expiry, Sprott now beneficially owns and controls 18,888,889 shares and 8,888,889 warrants representing approximately 9.3% of the outstanding Shares on a non-diluted basis and approximately 13.1% on a partially diluted basis assuming the exercise of such warrants.  The securities are held for investment purposes. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

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