EnWave Corporation (CVE:ENW) (OTCPINK:NWVCF) announced Wednesday that it had successfully completed its first remote installation of a 10 kilowatt Radiant Energy Vacuum dehydration machine in Iceland. The installation and start up was done remotely to accommodate travel restrictions put in place amidst the coronavirus (COVID-19) pandemic, which spurred EnWave to develop procedures and digital training assets to supervise its partner Responsible Foods of Iceland throughout the process. In a statement, the Vancouver-based company called the remote installation a “critical capability” that will support commercial efforts for EnWave’s current and future partners, allowing the company to continue to deploy its REV technology without risking the health and safety of its employees in the pandemic.
Cannabis One Holdings Inc (CSE:CBIS) has announced the formation of Diamond Ventures for the production of high purity THCa extract products to further expand its current product offerings beyond existing brands including Honu, Cheech, INDVR and Fat Face Farms. Diamond Ventures is a new and equally owned joint venture between Cannabis One US Inc, a wholly owned subsidiary of Cannabis One, and Empire, a Colorado limited liability company. The joint venture will utilize licensed proprietary technology and know-how that allows for the partitioning of acid cannabinoids from their neutral counterparts with high efficiency. This technology will be used in tandem with licensed proprietary techniques to consistently achieve greater than 99% purity THCa “diamonds” for use in a wide array of new retail products.
VolitionRx Limited (NYSEAMERICAN:VNRX) announced Wednesday that CEO Cameron Reynolds has been invited to give a presentation on coronavirus testing Wednesday at The Role of Cell Therapy and Clarity on Testing Conference. The virtual event, put on by the Maxim Group, runs from 10 am to 2 pm ET. Cameron is part of a panel discussion titled “Testing & Susceptibility – Clearing the Air,” set to begin at noon. Cameron plans to talk about Volition’s research on white blood cells and their predictive potential regarding the coronavirus.
Steppe Gold Ltd (TSE:STGO) has plenty of upside potential at its flagship Altan Tsaagan Ovoo (ATO) mine in Mongolia, says Stonegate Capital Partners, which has lifted its valuation on the stock. The mining firm announced on March 25 this year that it had begun gold production at the site after its Adsorption-Desorption Recovery (ADR) plant was fully commissioned and declared ready for use on January 20. Stonegate started covering the stock in April this year and put a valuation of between C$0.50 and C$1.81 on the shares with a mid-point at C$1.13. It has now lifted that to a range of between C$2.08 and C$2.45, with a mid-point of C$2.26.
Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) saw its shares rise in pre-market deals after the group unveiled “compelling” top-line results from a Phase 2 clinical trial of its Zygel product to treat autism spectrum disorder (ASD). The specialty pharma group is developing transdermal CBD treatments for patients suffering rare epilepsies and neurological disorders. Autism Spectrum Disorder (ASD) affects communication and behavior in around 1 million children and adolescent patients aged between five and 17 in the USA.
Loop Insights Inc (CVE:MTRX) revealed Wednesday that it has signed a memorandum of understanding (MOU) agreement with mediahelden GmbH (Passcreator), a German digital wallet pass developer. Loop, which develops artificial intelligence (AI) to help brick and mortar retailers compete with their online counterparts, said the partnership with Passcreator will allow its clients to offer “unparalleled experiences to their customers”. The company also said it is set to implement international projects in tourist hotspots such as Mexico, Indonesia, the USA, Canada, and most recently Japan in preparation for the 2021 Olympic Games.
Talon Metals Corp (TSE:TLO) has discovered new geophysical anomalies at its Tamarack project that could indicate an extension of nickel-copper sulphide mineralization. The one-kilometre long trend confirms the potential to make a new discovery at Tamarack in Minnesota, the company said in a statement. CEO Henri van Rooyen told shareholders that the geophysical survey results could be a major inflection point in the company’s exploration program.
Pacton Gold Inc (CVE:PA) (OTC PINK:PACKXF) (FSE:2NKN) revealed it has entered a $2.1 million financing package with Sandstorm Gold Ltd. The Canadian explorer said the package includes the purchase of royalties by Sandstorm on all of Pacton’s mineral properties, as well as a significant participation by Sandstorm in a $5 million private placement being undertaken by Pacton. The entire private placement will consist of up to 7.14 million shares at $0.70 each for total gross proceeds of $5 million.
Ipsidy Inc (OTCQB:IDTY) announced on Wednesday that it has appointed finance industry veteran and former Visa Inc (NYSE:V) executive Phillip Kumnick as the company’s new chief executive, while former CEO Philip Beck will continue as chairman of the board. The New York-based company which operates an Identity-as-a-Service (IDaaS) platform that delivers a suite of secure, mobile, and biometric identity solutions, said Kumnick brings “a wealth of industry experience” to the position, with over 30 years as a senior executive in the payments industry. Ipsidy also said that Philip Broenniman will be the company’s new president and chief operating officer. With over 25 years of experience as an investment manager, entrepreneur, and strategic advisor, Broenniman will help maintain the company focus on execution of strategic goals and the delivery of Ipsidy products to the marketplace.
Newrange Gold Corp (CVE:NRG) (OTCQB:NRGOF) has said it is set to get drilling again at its flagship Pamlico project in Nevada, USA, starting on Thursday, May 28, and a drilling contractor has been mobilized. The initial part of the program will comprise between around 3,000 and 3,500 meters (m) of drilling in 30-35 holes, primarily along Pamlico Ridge, Newrange said, adding that up to 10,000 m was expected to be drilled in the next few months. Reverse circulation (RC) drilling will be used as the holes will be relatively shallow, the group noted, and it will be designed to test the continuity of near-surface gold mineralization around and between the historic workings of the Pamlico, Gold Bar and Good Hope mines.
Phunware Inc (NASDAQ:PHUN) announced Wednesday that it has signed a tie-up with a consulting firm working on the re-election campaign of the current US president and vice president. In a statement, the company said it has formed a strategic relationship with American Made Media Consultants on the development, launch, management and evolution of the Trump-Pence 2020 re-election campaign’s mobile application portfolio on Apple iOS and Google Android smartphones. The recently launched app portfolio engages supporters, constituents and voters and leverages Phunware’s fully integrated enterprise cloud platform for mobile, called Multiscreen-as-a-Service (MaaS).
Pacific Empire Minerals Corp (CVE:PEMC) has revealed it is poised to acquire a large copper project 50 kilometres (km) west of Centerra Gold’s (TSE;CG) Mt. Milligan copper-gold mine in central British Columbia. The prospect generator said it has struck an option agreement to acquire 100% of the 6,300 hectare Jean Marie property, a copper-gold-silver-molybdenum porphyry asset. “The Jean Marie is an outstanding exploration opportunity for the company,” Brad Peters, Pacific Empire’s CEO added in a statement.
Aftermath Silver Ltd (CVE:AAG) (OTCQB:AAGFF) revealed it has agreed to acquire the final 20% interest in the Cachinal silver project in Chile from SSR Mining Inc for C$700,000. The company said it paid C$49,999 in cash on the effective date of the transaction, May 25, with C$50,000 to be paid on the first anniversary of the effective date and two more payments of C$600,000 on the second and third anniversaries respectively. The Cachinal project is located in Chile’s Antofagasta region about 40 kilometers (km) east of the Pan American Highway and 16km north of Austral Gold’s Guanaco gold-silver mine. Aftermath also announced that it has received proceeds of C$262,050 since the beginning of April relating to the recent exercise of 2,183,750 warrants, which were exercisable at C$0.12.
Gold Resource Corporation (NYSEAMERICAN:GORO) announced Wednesday that it has begun to restart its Oaxaca Mining Unit (OMU) operations in Mexico after receiving government approval. After nearly eight weeks of a government-mandated shutdown due to the coronavirus (COVID-19) pandemic, the miner said it is now gradually ramping up production while focusing on workforce, contractor and community safety. GORO originally suspended OMU operations on April 1 after the Mexican Ministry of Health proclaimed a national health emergency closing all “non-essential” public and private sector businesses to mitigate the spread and transmission of COVID-19.
Endeavour Mining Corp (TSE:EDV) (OTCQX:EDVMF), an intermediate African gold producer, released its 2019 sustainability report on Wednesday that showed marked gains in worker safety and local representation. The report is meant to highlight the company’s progress toward implementing the environment, social and governance (ESG) reporting framework established by the World Gold Council in September — a set of standards known as the Responsible Gold Mining Principles (RGMPs). Endeavour made notable improvements year-over-year by various metrics, including a reducing its injury frequency rate by 30% and its lost-time injury rate by 44%. The year also passed without a significant environmental incident.
Australis Capital Inc (CSE AUSA) (OTCPINK AUSAF) announced Wednesday that it has now sold down its holding in Body and Mind Inc by a total of around 5.9mln shares. On December 24, 2019, Australis disposed of 5.0 million Body and Mind shares following a vendor agreement between Australis and RAPIDCASH ATM Ltd. The company said the share deal formed part of the consideration payable for the purchase of self-service kiosks for the global cannabis dispensary market from RAPIDCASH. It stated that since then, through transactions this year – dated February 25, March 3, March 10, March 17, March 24, March 31, and April 1 – Australis has now sold around 877,500 Body & Mind shares for nearly $272,294.09 at an average price of $0.31 per share. The company said that after the sales, Australis holds 18,996,128 Body and Mind shares and debentures in the principal amount of $1,600,000.
MGX Minerals Inc. (CSE:XMG)(OTCMKTS:MGXMF) has announced the engagement of SRK Consulting (Canada) Inc. for completion of a Maiden Resource Estimate expected to be prepared in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects MGX Minerals invests in commodity and technology companies and projects focusing on battery and energy mass storage technology, extraction of minerals from fluids, and exploration for industrial minerals and precious metals.
Co-Diagnostics, Inc. (NASDAQ:CODX), a molecular diagnostics company with a unique, patented platform for the development of diagnostic tests, announced that its CEO Dwight Egan has been invited to present at The Role of Cell Therapy & Clarity on Testing virtual coronavirus (COVID-19) conference, presented by Maxim Group and M-Vest on Wednesday, May 27, 2020. In addition to the presentation, Co-Diagnostics will participate in a panel discussion on the need, lack, and confusion surrounding COVID-19 testing titled ‘Testing and Susceptibility – Clearing the Air’ at 12.00pm Eastern time (9.00am Pacific time). The Co-Diagnostics Logix Smart COVID-19 test is currently available to all clinical laboratories certified under Clinical Laboratory Improvement Amendments, and is authorized to be used for the diagnosis of SARS-CoV-2, the virus that causes COVID-19.
Published at Wed, 27 May 2020 16:00:00 +0000-NA Proactive news snapshot: EnWave Corporation, Cannabis One, VolitionRx, Steppe Gold UPDATE …