A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Toubani Resources Inc announced that it has lodged a prospectus with the Australian Securities and Investments Commission for a proposed dual listing of its shares on the Australian Securities Exchange (ASX). The gold project developer said it will offer between 27.5 million and 32.5 million CHESS Depositary Interests over common shares in the capital of the company, at an issue price of A$0.20 per CDI (NYSE:CDI), for gross proceeds to Toubani of between A$5.5 million and A$6.5 million.
Infinity Stone Ventures Corp (CSE:GEMS) said it has identified a new high-grade copper zone from the ongoing reconnaissance program at its Zen-Whoberi project in Quebec, with one grab sample grading 15.5% copper. The company said assays for grab samples at the newly-discovered Centauri Zone also yielded anomalously high gold, silver, nickel, and cobalt. One sample of mineralization returned grades of 15.5% copper, 14.9 grams per tonne (g/t) silver, 0.40 g/t gold, 0.114% nickel, and 216 parts per million cobalt. The other two samples taken from the newly identified zone yielded 2.12% and 0.70% copper, Infinity Stone said.
Spanish Mountain Gold Ltd (TSX-V:SPA) is continuing to advance its eponymous project in British Columbia towards potentially becoming a mine. Staff for this Fall's field program have been mobilized to the property to build on last year's successful publication of the pre-feasibility study (PFS), which outlined an operation generating over 150,000 ounces of gold a year at all-in-sustaining-costs (AISC) of US$801 per ounce over 14 years.Metallurgical test work with Ausenco Engineering to further improve gold recovery and to develop a detailed flowsheet is continuing, the firm said.
SWMBRD Sports Inc (CSE:SWIM) said that field testing of the first two of the mass production (ACE-TECH) version of its proprietary swimboard, SWMBRD, has been completed successfully. The boards, designed to be the world's most powerful bodyboards in non-surf environments, were thoroughly tested for performance in all relevant aquatic environments - lakes, streams, flat ocean and moderate surf - as well as for ease of long-range portability. The company said the ACE-TECH board’s performance exceeded expectations, noting that they are lighter, faster, and more responsive than the previous custom-made boards of the same design, while still retaining excellent durability.
Nextech AR Solutions Corp has updated shareholders about the upcoming spin-off of ARway, a no-code spatial computing platform for the real-world Metaverse, including the receipt of conditional approval for listing. Initially announced in June 2022, the spin-off will result in ARway becoming a stand-alone public company, marking what Nextech AR believes will be the first publicly traded “pure play” no-code spatial computing platform for wayfinding. Nextech AR shareholders will receive a total of 4 million new shares in ARway on a pro-rata basis. The ARway solution is set to disrupt indoor navigation with a no-code platform that does not require any capital expenditure - like installing indoor positioning beacons or bluetooth - to spatially map indoor spaces, all that is needed is a QR code to activate, the company said.
Revive Therapeutics Ltd (CSE:RVV, OTCQB:RVVTF) told investors that results from a Phase I/II clinical study of oral psilocybin to treat complications faced by adults using the addictive drug methamphetamine will be used to support late-stage clinical trials of its oral psilocybin thin film strip product. The study is being conducted at the University of Wisconsin-Madison, School of Medicine and Public Health and School of Pharmacy and has received both FDA and Institutional Review Board approval. The data generated will provide proprietary and valuable information on the safety, efficacy and dosing of oral psilocybin to support future pivotal FDA clinical studies for Revive's proposed oral psilocybin thin film strip product, for which the company expects to see a first-in-human clinical trial in 2023.
Todos Medical Ltd has announced that Michael Irvin has agreed to become the Sports Ambassador for its majority-owned subsidiary 3CL Pharma's #TolloUp marketing campaign for the 3CL protease inhibitor immune support supplement Tollovid. "Michael Irvin is one of the greatest NFL players of all time and an all-time competitor," Todos Medical president and CEO Gerald E. Commissiong said in a statement. "With athletic competition in full swing this fall sports season and school back in session, it has become more important than ever to be proactive in protecting yourself and your loved ones. With this in mind, Tollovid is an ideal solution to help support healthy immune function and guard against infections that can derail a season," he added.
Forte Minerals Corp has announced the appointments of Ricardo Labó and Peter Espig to its advisory committee. The junior mining exploration firm said the two individuals were selected by the company’s board of directors for the purpose of offering advice and support on a wide range of issues relevant to the exploration and mining initiatives in Peru as well as Forte’s financial advancement.
American Resources Corporation (NASDAQ:AREC) announced that its subsidiary ReElement Technologies LLC has started engineering, planning and development work for its second lithium ion battery and rare earth magnet recycling and metal recovery facility, which will use its patented chromatography technology to produce 99.9% pure critical battery material and 99.5% rare earth elements. American Resources CEO Mark Jensen said the ReElement division is poised for growth given the demand for domestically produced battery and magnet grade materials. “With the recent passing of the Inflation Reduction Act and the rapid adoption of electric vehicles, the demand for such products is seeing rapid grow, and the versatility of our technology enables us to move quickly and cost effectively to provide a real solution,” Jensen said in a statement.
Los Andes Copper Ltd (TSX-V:LA) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placements announced on August 25, 2022, which will see the issue of US$5 million worth of debentures, convertible into common shares at C$16.75 per share until a maturity date of September 3, 2027, and bearing an interest rate of 8% per annum with one placee.
Toubani Resources Inc has announced that, subject to the receipt of final approval from the TSX Venture Exchange, it has retained Jane Morgan Management Pty Ltd, an Australian advisory firm, to provide investor and media relations services on a non-exclusive basis. The purpose of the consulting agreement is to raise awareness for the company within the global investment community. Danny Callow, chief executive officer of Toubani Resources Inc commented "We are pleased to have Jane Morgan Management on board who bring an impressive track record in investor relations activities in Australia and the Far East. As we move to a dual listing onto the ASX, a partnership with a company the calibre of Jane Morgan Management is essential to assist us in communicating our very exciting story to a wider audience. We are looking forwards to the networking and marketing opportunities that Jane Morgan Management will create and believe that this is another positive step in our Company's strategic direction." The consultant has been engaged at a rate of C$7,500 per month for an initial three-month period, after which the rate will be reviewed. The agreement is for an initial term of three months which thereafter will automatically extend on a month-to-month basis unless terminated earlier at any time by a party with 30 days prior written notice.
The quarterly rebalancing of the Canadian Stock Exchange's CSE 25 Index, effective after the close on Friday, September 16, 2022, will include the additions of Hillcrest Energy Technologies Ltd (CSE:HEAT, OTCQB:HLRTF), Revive Therapeutics Ltd (CSE:RVV, OTCQB:RVVTF), and Snowline Gold Corp. (CSE:SGD)
Electra Battery Materials Corp said the TSX Venture Exchange has accepted for filing documentation with respect to its at-the-market offering for an aggregate of 305,600 common shares at an average price of C$5.7789 per share and 13,877 common shares at an average price of US$3.915 per share during the quarter ended June 30, 2022. The TSX Venture Exchange has been advised by the company that sales under the at-the-market offering during the quarter ended June 30, 2022, provided gross proceeds of C$1,766,033.52 and US$54,328.48.
DRDGOLD Ltd (NYSE:DRD, JSE:DRD, OTC:DRDGF) said its Annual Integrated Report 2021 has been ranked in the 'Excellent' category in the EY Excellence in Integrated Reporting 2022 Awards and it is among the top 20 companies. The awards are used as basic standards for excellence in the quality of integrated reporting to investors and other stakeholders of listed South African companies. This is DRDGOLD’s second consecutive award in the 'Excellent 'category, ranking in the same grouping last year.
Tiziana Life Sciences Ltd (NASDAQ:TLSA) said it has been notified that Panetta Partners Limited, an entity in which Gabriele Cerrone, the company's executive chairman has a beneficial interest, purchased 29,318 common shares priced between $0.78 and $0.81 per share. The acquisition takes Cerrone's interests from 37.70% to 37.72%.
First Mining Gold Corp said it has completed the previously-announced acquisition of the shares in Beattie Gold Mines Ltd that it does not already own as well as the acquisitions of 2699681 Canada Ltd and 2588111 Manitoba Ltd, the latter of which gives it 100% ownership of the Duparquet Gold Project in Quebec, Canada. The company said it paid $8,727,177 in cash and issued 69,127,820 shares making a total of about $24 million for all the transactions. "We are very pleased to announce the completion of this transformational acquisition of the Duparquet Gold Project. Since the announcement, First Mining has been very active at the project as demonstrated by the recent updated Duparquet mineral resource estimate," First Mining CEO Dan Wilton said in a statement
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