Mawson Gold Limited (TSE:MAW) (OTCPINK:MWSNF) (FRA:MXR) told investors it has hit more high-grade gold at the Joki East prospect at its giant Rajapalot project in Finland and also announced the first cobalt results from the zone. As reported last week, the company believes Joki East is shaping up to be a fourth mineralized zone at Rajapalot as it unveiled drill assays, which included 1.6 metres (m) at 19.2 grams per ton (g/t) gold. Now, the metals explorer has reported 1.3m at 25.3 g/t of the yellow metal from 177.1m depth and 0.5m at 23 g/t gold from a depth of 191m.
WeedMD Inc (CVE:WMD) (OTCQX:WDDMF) (FRA:4WE) reported it has expanded its North Star Wellness Virtual Patient Care Program and access to its Starseed Medicinal products into Atlantic Canada. The expansion will be conducted under the leadership and medical guidance of Dr Julie Hildebrand, a New Brunswick-based physician, who is widely recognized in the region for specializing in cannabis medicine and education. Dr Hildebrand will leverage her extensive clinical expertise in chronic pain and diabetes while working with patients and benefits providers in New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland.
Ridgeline Minerals Corp (CVE:RDG) wrapped up its Phase III drill program at its Selena gold-silver project in White Pine County, Nevada. The Vancouver-based company sunk a total of 1,718 metres across eight holes in the reverse circulation (RC) drill program, which was designed to follow up on positive results from earlier drilling in September. The program tested two priority target areas at Selena, including the Juniper fault zone, where a previous intercept returned results of 29 metres (m) grading 0.4 grams per ton (g/t) gold and 65.3 g/t silver.
Nextleaf Solutions Ltd (CSE:OILS) (OTCMKTS:OILFF) (FRA:L0MA) announced Thursday that it had struck an extraction deal with a premium white label flower producer in Canada and has also been awarded a patent in Mexico, which is set to become the largest legal cannabis market in the world, based on population. In a statement, the cannabis extraction specialist said its subsidiary, Nextleaf Labs Ltd had struck the extraction deal, which will see the client, a licensed producer in Ontario, supply it with biomass to be processed into distillate.
Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) (FRA:5GE1) has announced an agreement to sell its 70% interest in the Werner Lake project, located in Ontario’s Kenora Mining District, to CBLT Inc (CVE:CBLT). CBLT will pay Global Energy Metals $20,000 in cash plus $250,000 in CBLT stock, which equates to 5 million shares at a deemed price of $0.05 per share. Global Energy Metals will also receive 3.5 million CBLT warrants, each exercisable at $0.08 per share with a two-year term. Global Energy Metals CEO Mitchell Smith said in a statement: “This transaction will provide GEMC’s shareholders exposure to CBLT’s potential future growth through a meaningful equity stake in a resource focused company that is accelerating battery and precious metals exploration efforts in Ontario, Canada. GEMC will continue to look for opportunities to expand the equity holdings by the Company strengthening its exposure to the battery supply chain.”
EuroLife Brands Inc (CSE:EURO) (OTCPINK:EURPF) has unveiled plans to rebrand itself to Plant & Co Brands Inc as part of its shift to a health and wellness business model. The news follows EuroLife’s earlier acquisition of Plant & Co Marche, a hybrid health and wellness brand with a retail location in Toronto that sells plant-based, vegan, vegetarian, hemp, and specialty immune-boosting products. As part of its rebranding plans, the company will trade on the Canadian Securities Exchange under the new ticker symbol ‘VEGN’.
Cabral Gold Inc (CVE:CBR) (OTCPINK:CBGZF) (FRA:C3J) revealed it had raised over C$4 million from the exercise of share purchase warrants, which will ensure that an “exploration drill program well into 2021” can take place. The Brazil-focused explorer said in a statement that 22,296,832 million warrants were exercised, from a total of 22,796,832 that were issued in connection with a private placing that closed in July 2019. The exercise raised C$4,459,366.
Canada Silver Cobalt Works (CVE:CCW) (OTCQB:CCWOF) (FRA:4T9B) said it had closed a placing, raising C$4.95 million, as the company continues to advance assets in the prolific past producing Gowganda high-grade silver district in Ontario. In a brief statement, the group said it is issuing 4,288,778 flow-through units (FT units) at C$0.63 each, raising gross proceeds of C$2,701,930. The company said it will also issue 3,308,824 Quebec FT units at C$0.68 per QFT unit to raise gross proceeds C$2.25 million.
Gungnir Resources Inc (CVE:GUG) (OTCPINK:ASWRF) (FRA:AMO1) has now filed with SEDAR the previously announced “Technical Report on the Lappvattnet and Rormyrberget Deposits, Northern Sweden”, it said in a statement. According to the new report, Rormyrberget houses 154 million pounds of inferred nickel at 0.19% (compared to the historical 48.7 million pounds at 0.35%). Estimated at Lappvattnet was 23.1 million pounds of inferred nickel at 1.35% (compared to 22.9 million pounds at 0.91% from 2009). The properties lie around 40km apart and Gungnir said it was now planning continued work at both properties in 2021. It has also submitted an application to more than double the size of the Rormyrberget property and will be submitting extension applications for existing licenses covering both deposits in early January, next year. The new license application and extensions are subject to final approval by Sweden’s Inspector of Mines.
Media Central Corporation Inc. (CVE:FLY) has announced that the cancellation of the special meeting of shareholders, scheduled for December 30, 2020. The meeting was announced further to a requisition submitted by certain concerned shareholders of the corporation in order to change the board of directors. Following discussions between the concerned shareholders and the corporation, on November 19, 2020, the incumbent directors of the corporation tendered their resignations and were replaced by three new directors, Emmanuel Manos Pavlakis, Jay Vieira and David Daniels. Given the reconstitution of the board, the concerned shareholders have agreed to withdraw the Requisition, and as a result, the meeting will not be convened.
AEX Gold Inc. (LON:AEXG) (CVE:AEX), an independent gold company with a portfolio of gold licences in Greenland, said it has appointed Rothschild & Co as its retained financial advisor to support the company as it progresses the development of its asset portfolio. Eldur Olafsson, CEO of AEX, commented: “We are delighted to be have secured the services of Rothschild & Co as strategic advisors to the Company. This important relationship, with an advisory house of Rothschild’s calibre and outstanding track record, provides further validation of our business and our potential to create significant value for AEX’s stakeholders.”
American Manganese Inc. (CVE:AMY) (OTCPINK:AMYZF) (FRA:2AM) has said it will present its sustainable and closed-loop RecycLiCo patented process at the upcoming Benchmark Week 2020, taking place December 7-11, 2020. It said Zarko Meseldzija, CTO and Director of American Manganese, will present during the Battery Sustainability Summit on December 11, 2020, at 10:00 am Pacific Standard Time (PST). He will be presenting on the company’s goal of commercializing its RecycLiCo process and being an industry leader in recycling cathode material from lithium-ion battery manufacturing waste. Benchmark Week 2020 is the lithium-ion battery supply chain’s premier annual event hosted by industry-leading data and intelligence producer, Benchmark Mineral Intelligence. Investors can register for the event here: https://us02web.zoom.us/webinar/register/WN_wFzLXZJrQD21v3_Ptsmx7Q
American Manganese also announced that the TSX Venture Exchange has consented to the one-year extension of the expiry dates for 10,158,225 warrants with original expiry dates of December 4, 2020 (as to 3,382,999 warrants), January 11, 2021 (as to 778,334 warrants), March 29, 2021 (as to 2,334,773 warrants), and May 3, 2021 (as to 3,662,159 warrants). The new expiry dates are December 4, 2021, January 11, 2022, March 29, 2022, and May 3, 2022, respectively The warrants, with an exercise price of 20 cents, were issued under a private placement of 10,383,225 shares with 10,383,225 warrants attached, which was accepted for filing by the exchange on June 3, 2019. In a separate statement, American Manganese also said the TSX Venture Exchange has consented to the one-year extension in the expiry date of a further 400,000 warrants with an original expiry date of December 26, 2020, to a new expiry date of December 26, 2021. These warrants, with an exercise price of 30 cents, were issued under a private placement of 400,000 flow-through shares with warrants attached, which was accepted for filing by the exchange effective December 27, 2018.
Published at Thu, 26 Nov 2020 17:33:00 +0000-NA Proactive news snapshot: Mawson Gold, WeedMD, Ridgeline Minerals, Nextleaf Solutions UPDATE…