NA Proactive news snapshot: Revive Therapeutics, Steppe Gold, Todos Medical, Infield Minerals, Tiidal Gaming, Lavras Gold UPDATE …

Revive Therapeutics Ltd has updated further on its Phase 3 clinical trial for Bucillamine in coronavirus (COVID-19), saying it has now submitted a Data Access Plan to the US Food and Drug Administration (FDA), in a bid to amend the parameters of the study. As reported in late May, the firm received positive comments from the FDA over its request to determine and agree on new primary efficacy endpoints. “The proposed new primary efficacy endpoints may include the rate of sustained clinical resolution of symptoms of COVID-19, which addresses the shift in COVID-19 clinical outcome observed over the course of the pandemic, and, therefore, to have more meaningful study endpoints for the FDA to consider for potential Emergency Use Authorization,” said Revive in a statement.

Steppe Gold Limited is positioned favourably for the near term, having achieved multiple major milestones across production, development and exploration initiatives at its flagship Altan Tsagaan Ovoo (ATO) mine in Mongolia, say analysts at Couloir Capital, who have reiterated their ‘Buy’ rating on the company. In a note, the analysts wrote that Steppe Gold’s current valuation failed to capture its growth potential and raised their valuation of the company to C$2.22 per share from C$2.02 in their previous update. On Monday afternoon, Steppe Gold was trading at about C$1.30 per share.

Todos Medical Ltd, a comprehensive medical diagnostics and related solutions company, announced that CEO Gerald Commissiong will present at the LD Micro Conference this week. Commissiong’s presentation is scheduled for 1 pm PT (4 pm ET) on Wednesday, June 8. 

Copper Fox Metals Inc is inviting shareholders and interested investors to visit them at Booth #2713 at The Prospectors & Developers Association of Canada Convention (PDAC) at the Metro Toronto Convention Centre (MTCC) on Monday, June 13 to Wednesday, June 15, 2022.

Infield Minerals Corp said it has received a Notice of Intent (NOI) permit from the Bureau of Land Management for drilling at its wholly-owned Desperado property in the historical Ellendale Mining District in Nevada. The Vancouver, British Columbia-based company, which is exploring for gold and silver in famously mining-friendly Nevada, said it has retained the services of Midnight Sun Drilling for the upcoming campaign, which is expected to start in July 2022. Construction of access roads and drill pads are planned to proceed imminently in preparation for drill mobilization, added the firm. The 2022 campaign represents the first drilling at the property in recent decades and is planned to test eight to ten priority targets outlined through systematic exploration. The program consists of approximately 2,000 metres (m) of reverse circulation (RC) drilling from up to eight permitted drill sites. Priority targets include buried lithological contacts and structural features identified using modern exploration techniques, said the company.

Tiidal Gaming Group Corp has announced that it has been shortlisted for the ‘eSports product of the year’ award at the 2022 SiGMA/AGS Awards Americas. Being held at the Enercare Centre in Toronto from June 6 to 9, the SiGMA Americas event is one of the largest iGaming trade shows in North America, attended by well-recognized companies. C-level executives, thought leaders, investors, and media agencies within the global online betting industry. Tiidal Gaming said during the event it plans to showcase its state-of-the-art betting products and foster new business relationships with prospective strategic partners and clients.

Lavras Gold Corp announced that Michael Durose, its president and chief executive officer, and his team joined Robert Peterman, vice president, Global Business Development, Toronto Stock Exchange (TSX), to celebrate the company’s new listing on TSX Venture Exchange and opened the market on Monday, June 6, 2022. In a separate statement, Lavras Gold told investors it has now advanced to its million ounce resource milestone for its Lavras do Sul (LDS) gold project in Brazil. The explorer has released a new NI 43-101 resource for the Cerrito gold prospect at the property – one of 23 prospects at the project in the state of Rio Grande do Sul. According to the report, Cerrito is home to higher confidence indicated gold resources of 187,650 ounces, while the lower confidence inferred category stands at 293,468 ounces. “Combining this gold resource estimate for the Cerrito Gold Prospect with the previously announced 500,000 ounces from our Butia Gold prospect moves us to our first million ounce milestone at LDS,” said Durose, the firm’s CEO, in the statement.

Victory Square Technologies Inc has announced its 2021 financial results, showing its unaudited net asset value (NAV) increased to $102 million from $51 million in 2020 despite uncertainties domestically and abroad in the past 12 months. The company, which provides venture capital investment access to a diverse portfolio of next-generation technology companies within an audited, transparent and liquid investment vehicle, said it has built a pipeline of opportunities and seen significant growth in its portfolio companies. “The decline in the capital markets over the past 12 months has been brutal, volatility on the major indexes, inflation worries, rate hikes, and the Russia-Ukraine Crisis have created a lot of uncertainty about what lies ahead for many,” said Shafin Diamond Tejani, CEO of Victory Square, in a statement.

Gevo Inc said it has entered into a partner agreement with Google Cloud to measure and verify the efficacy of next-generation biofuels across the supply chain via full lifecycle sustainability data tracking. Utilizing technology developed by Verity Tracking (Verity), a division of Gevo, the collaboration is expected to enable users to track and verify emissions using datasets and analytics tools from Google Cloud. The goal will be to help companies create a more data-driven approach to understanding and lowering greenhouse gas intensity globally. Together, Google Cloud and Verity expect to work on product-level engagements to address market and customer needs.  “Understanding the full sustainability life cycle, especially that of greenhouse gasses is critical for energy transition because it provides the insight to solve the real problems, show proof of claims, and eliminate through data the speculation that occurs,” said Dr Patrick Gruber, CEO of Gevo in a statement. Gevo also said it has entered into definitive agreements with several institutional investors to undertake a registered direct offering of shares priced at-the-market under Nasdaq Rules for gross proceeds of $150 million, prior to deducting placement agent’s fees, advisory and other offering expenses payable and assuming none of the warrants issued in the offering are exercised for cash. 

ReVolve Renewable Power Corp said it has successfully signed land option agreements with private landowners for an additional 10,500 hectares adjacent to its existing 400 megawatts (MW) Presa Nueva Wind development project in Mexico’s General Bravo municipality. The renewable energy projects owner and developer said the execution of the option agreements marks the completion of its planned land acquisition program in the state of Nueva León, Mexico, which aimed to add further greenfield development projects to its portfolio. “Our development team have done some great work in the field over the last twelve months, building relationships and trust with the local community in General Bravo,” ReVolve CEO Steve Dalton said in a statement. “The company has a long and successful track record in North Eastern Mexico and we are delighted to add further development capacity to our growing portfolio of projects, which now stands at 1.5GW (gigawatts) in Mexico.”

Vox Royalty Corp said it has executed a binding royalty sale and purchase agreement to acquire the rights to three Canadian gold royalties for a total consideration of up to C$1,800,000. Under the agreement with an individual prospector residing in Canada and dated June 3, 2022, Vox will pay C$100,000 cash at closing and make additional cash payments or issue shares of Vox at specified dates in the future. The company will pay at its sole election, C$500,000 or issue up to a maximum of 184,399 common shares in September 2022, C$700,000 or issue up to a maximum of 258,159 common shares in January 2023 and C$500,000 or issue up to a maximum of 184,399 common shares in December 2023. “We are very excited to add these rapidly advancing Canadian gold royalties to the Vox portfolio, which offer significant near-term exploration and development catalysts for Vox shareholders,” Spencer Cole, Vox chief investment officer, said in a statement.

Willow Biosciences Inc said it has incorporated life science technology company Inscripta’s Onyx Genome Engineering Platform into its strain engineering workflows. The move will enable Willow’s team to engineer strains more rapidly to give its researchers invaluable time to focus on intelligent library design and data analysis, the Vancouver-based company said. The Onyx platform will also accelerate Willow’s genetic editing capabilities and throughput, and bring the commercial development of its FutureGrown molecules much quicker to market.

Jushi Holdings Inc has announced that it is expanding its retail presence with the opening of its 33rd dispensary nationally and fourth dispensary in the Silver State. Following the opening of NuLeaf Las Vegas The Strip, Jushi noted that its operations in Nevada will consist of three adult-use and medical dispensaries in Las Vegas, an adult-use and medical dispensary in Lake Tahoe and approximately 47,000 square feet of cultivation and manufacturing space. “NuLeaf Las Vegas The Strip has a fresh, new elevated design and look that is reflective of its location on the Strip,” Jushi founder, chairman and CEO Jim Cacioppo said in a statement.

Goldshore Resources Inc has announced that drilling at its Moss Lake gold project in Ontario indicates the resource is much larger along strike and at depth than previously understood.  The company’s 100,000-metre drill program is aiming to better define and expand high-grade structural zones within the Moss Lake deposit to improve the overall grade and volume beyond that of the historic mineral resource. Goldshore CEO Brett Richards said the results continued to prove its thesis that the Moss Lake project is much larger along strike and at depth.

HighGold Mining Inc has posted encouraging new drill results from the Argus zone discovery at its Munro-Croesus project in Timmins, which underscore the potential for mining bulk-tonnage gold mineralization. The assays hail from five step-out holes at the zone, which sits on the western side of the project, 3 kilometers (km) from the historic Croesus mine. The Argus Zone has now been defined over 300 m of strike and 250m depth and remains open in all directions. “With our first step-out drilling at the new Argus Zone, we are seeing the emergence of a new and potentially significant bulk-tonnage gold system,” said the company’s CEO Darwin Green in a statement. “Broad widths of encouraging gold mineralization have been intersected in six out of seven holes with excellent promise for further expansion.”

NioCorp Developments Ltd has said that metallurgical testing being conducted now by the company is intended to quantify its ability to extract rare earth elements (REEs) from ore at its Elk Creek project in Nebraska. The company said it is also aimed at testing a carbonation process that can be used to recycle key reagents used in the removal of calcium and magnesium carbonates from the Elk Creek ore ahead of operations that are expected to extract and recover niobium, scandium, titanium, and rare earths once project financing is secured. If proven successful at the demonstration plant scale, NioCorp said these process improvements have the potential to reduce projected project operating costs (OPEX) and capital expenditures (CAPEX) when compared to estimates in the project’s May 2022 feasibility study, as well as to lower the project’s anticipated production of greenhouse gas (GHG) emissions as compared to projections in the May 2022 feasibility study.

ACME Lithium Inc has announced that Phase 1 drilling has commenced at its Clayton Valley Nevada lithium brine project. The Carson City, Nevada-based mineral exploration company’s Clayton Valley Nevada lithium brine project is contiguous to the northwest of Albermarle’s Silverpeak lithium deposit which has been in production since 1966. Harris Drilling Exploration and Associates Inc. has been contracted to provide drilling services and related activities, said the company.

Aftermath Silver Ltd has described new, high-grade silver and copper assays from its Berenguela project as “very encouraging” for a planned resource estimate. The company revealed another 10 holes from the Peru-based project, with highlights of 18.9 metres at 1,162 grams per ton (g/t) silver and 1.12% copper in one hole. Another hole returned 20 metres at 268 g/t silver and 2.95% copper, while yet another reported 97.60 metres of mineralization from surface at 188 g/t silver and 1.70% copper.

Québec Nickel Corp has reported new assay results from two holes at its Ducros property in Québec sowing new intersects. The company said drill holes QDG-22-10 and QDG-22-11 were completed at the Fortin Sill target to follow up on the recent assay results returned from hole QDG-22-09, which cored a 31-meter intercept averaging 0.37% nickel, 0.40% copper, 176 parts per million (ppm) cobalt and 0.55 grams per ton (G/t) platinum-palladium-gold from 10 to 41 meters of depth, the company said in a statement.  It added that Hole QDG-22-10 was drilled from the same location and at the same azimuth as hole QDG-22-09 but at a dip of -60 degrees rather than -45 degrees. That returned 0.36% nickel, 0.41% copper, 167 ppm cobalt and 0.95 g/t platinum-palladium-gold over a 29-meter core length from 9 to 38 meters of depth.

African Gold Group Inc has revealed that it is making good progress towards its Australian listing. The African-focused gold company said it has advanced preparations for its ASX listing and is “working closely” with the exchange to satisfy all requirements. The resource group’s principal asset is the Kobada project in southern Mali, which is in an advanced stage of development after a 2021 definitive feasibility study. African Gold is targeting gold production of 100,000 ounces per year at Kobada.

Medallion Resources Ltd has announced the appointment of Douglas Newby as its new chief financial officer (CFO) and corporate secretary as it prepares to up-list to the Nasdaq Capital Market. The company noted that Newby has extensive and diverse experience in finance, financial management, and project evaluation and implementation primarily focused on industrial, precious, and specialty metals including rare earth elements and lithium.  Newby has also held senior positions with global investment banks, and from 2005 until 2017 was CFO of PolyMet Mining Corp, where he managed the transition from the TSX Venture Exchange to the NYSE American and TSX. He was also instrumental in the implementation of Sarbanes Oxley (SOX) financial controls, and was a key part of establishing and managing that company’s relationship with Glencore PLC, Medallion added.

Graphene Manufacturing Group Ltd has announced changes to its leadership team and Technical Advisory Committee which it says will support the company as it explores opportunities related to its targeted energy-saving and energy storage solutions. The company said these opportunities continue to provide encouragement for it to invest resources to drive sales from its energy-saving business and support the continued maturation of its graphene-aluminum ion battery technology. With this focus in mind, Graphene has established a Technical Advisory Committee which will include Bob Galyen, an experienced executive in the battery energy storage world, and Dan Brett,  Professor of Electrochemical Engineering at the University College London.

Champion Gaming Group Inc. has announced a number of management and board changes, effective June 3, 2022, including a new chief executive officer (CEO). The sports content, data and analytics company said it appointed Graham Simmonds as CEO and a director of the company, replacing Ken Hershman who has resigned from the CEO role. “I am pleased to become more involved with Champion Gaming on a day-to-day basis. These management changes will allow for our key team members to remain involved with the company as we embark on a significant growth trajectory heading into football season, which will be the ultimate focus of the company over the next few months,” Graham Simmonds, the new CEO, said in a statement.

Oragin Foods Inc said it has been added to the Corporate Knights’ inaugural Future 50 Fastest-Growing Sustainable Companies in Canada list.  The multi-pronged food company said the ranking looks to highlight emerging Canadian companies whose innovation leaves them poised to be market leaders in the transition to a global clean economy. “Our company’s commitment to sustainable products and practices has been a point of pride since we started as Organic Garage,” Oragin Foods CEO Matt Lurie said in a statement.

Sanatana Resources Inc said it has entered into an agreement with Robert Laviolette and John der Weduwen, arm’s length parties to Sanatana, to acquire a gold exploration property in Ontario. Under the agreement, Sanatana will acquire a 100% interest in the Enid property in the Timmins, Ontario region. The property comprises 41 mineral claims. The company will pay cash of $10,000; 30,000 common shares in the capital of the company and provide a 2% net smelter royalty (NSR). Sanatana may purchase 1% of the NSR for $350,000 and a further 0.5% of the NSR for $500,000 at any time. The shares to be issued under the agreement will be subject to a hold period of four months and a day from the date of issuance. The agreement is subject to TSX Venture Exchange approval.

Evergen Infrastructure Corp said the TSX Venture Exchange has been advised by the company that under a notice of intention to make a normal course issuer bid dated June 1, 2022, it may repurchase for cancellation up to 668,370 shares in its own capital stock. The purchases are to be made through the facilities of the TSX Venture Exchange or other recognized marketplaces during the period from June 8, 2022, to June 7, 2023. Purchases under the bid will be made by Clarus Securities Inc on behalf of the company.

Australis Capital Inc – dba Audacious – said it has entered into a settlement agreement with Harry DeMott, the company’s former chief executive officer. Under the settlement agreement entered into on October 1, 2020, Australis has issued 3.75 million units in the company to DeMott, each composed of one common share in Australis and one warrant, exchangeable at a price of 35 cents for one warrant share in Australis. The warrants are redeemable until February 9, 2024.

Star Royalties Ltd said the TSX Venture Exchange has accepted for filing documentation pertaining to the deemed disposition of a portion of the company’s interest in the company’s majority-owned subsidiary, Green Star Royalties Ltd. (GSR) under a non-brokered private placement of 15,384,620 Class A common shares at a purchase price of $1 per GSR share.

Arrow Exploration Corp has announced that under the receipt of notices for the exercise of warrants issued in October 2021, it has issued 462,500 new Common Shares of no-par value. It is expected that admission will occur on June 9, 2022. Following admission, the company will have 214,567,143 common shares in issue with voting rights and admitted to trading on AIM.

Golden Arrow Resources Corp said the TSX Venture Exchange has consented to an extension in the expiry date of 6,012,500 share purchase warrants which were issued under a private placement – 4,062,500 with an original expiry date of June 19, 2022, extended to June 19, 2024, and 1.95 million with an original expiry date of June 20, 2022, extended to June 20, 2024.

Royal Wins Corporation has said it was unable to file its interim Financial Statements, Management Discussion and Analysis, and related CEO and CFO certifications for the quarter ended March 31, 2022. The delay in filing is a result of the company becoming aware of a material outstanding tax payment in the days prior to the filing deadline. The previous tax obligation is due to the Australian Tax Office by the company’s subsidiary Royal Wins PTY Ltd and stems from the 2016 and 2017 tax years. Management is moving expeditiously to compile the details of this obligation and to update the necessary financials in order to complete the interim financial filings as soon as possible.

Recruiter.com Group Inc has announced its participation in the 2022 LD Micro Invitational hosted by financial technology company, SRAX. The three-day investor conference will be held at the Four Seasons Hotel Westlake Village, located at 2 Dole Drive, Westlake Village, from June 7-9, 2022. The CEO of Recruiter.com, Evan Sohn, will present on Tuesday, June 7, 2022, at 12.20pm PST inTrack 3, where he will dive into the role Recruiter.com plays in the current job market. “I am thrilled to be returning to LD Micro on behalf of Recruiter.com. As the Great Resignation transitions into the job hopper economy, we have exciting growth opportunities in a tight labor market. With employees continuing to leave companies faster than ever before, Recruiter.com is here to help hire the right talent faster and better,” said Sohn. Private investors and institutions can also schedule one-on-one meetings with Recruiter.com management, including Sohn, and Miles Jennings, founder and COO.

Nextleaf Solutions Ltd has announced that Paul Pedersen, its co-founder & CEO, will present live at VirtualInvestorConferences.com on June 7, 2022, at 10.00am EDT (7.00am PDT) via the following link: https://bit.ly/3Nmqms4

Skye Bioscience Inc has announced that it will be presenting a corporate overview at the LD Micro 12th Annual Invitational being held in-person at the Four Seasons Westlake Village, California, June 7-9, 2022. The company said Punit Dhillon, its chief executive officer and chair, will present on Wednesday, June 8, 2022, at 12.30pm PT. The presentation will be available via webcast and archived in the News & Events section of Skye’s Investor Relations website for a period of 90 days. Investors can register to watch the virtual presentation here: https://ldinv12.mysequire.com/. Skye said Dhillon will also be available for one-on-one meetings on June 8. To schedule a one-on-one meeting with Skye, investors can submit their request via the links provided upon your registration for the conference.

Tiziana Life Sciences Ltd has announced that its chief executive officer and chief scientific officer, Dr Kunwar Shailubhai, will present at the Biotechnology Innovation Organization (BIO) Annual Convention taking place at the San Diego Convention Center, Monday, June 13. 2022, to Thursday, June 16, 2022. His presentation, on Tuesday, June 14, 2022, at 2.00-2.15pm PDT in Theater 1, will be primarily focused on the recent clinical updates on nasal administration of foralumab, a fully human anti-CD3 monoclonal antibody, for treatment of patients with secondary progressive multiple sclerosis. He will also provide an update on the initiation of Phase 1b trial with ‘first-ever’ oral capsules of foralumab for treatment of patients with mild-to-moderately active Crohn’s Disease. Company management will also be participating in one-on-one meetings throughout the conference.  To register for the conference and schedule a one-on-one meeting with Tiziana Life Sciences management, investors can visit https://www.bio.org/events/bio-international-convention/registration. Dr Shailubhai will also attend the BioNJ 29th Annual Dinner Meeting and Innovation Celebration, gathering and honoring members of New Jersey’s life science ecosystem, on Thursday, June 9, 2022, at 4.45pm EDT. This meeting, taking place at the Hilton in East Brunswick New Jersey, was originally planned for February, and was postponed due to the surge of the Omicron variant.

OTC Markets Group Inc, the operator of regulated markets for trading 12,000 US and international securities, has announced that ESE Entertainment Inc, a leading gaming and esports company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market under the symbol ENTEF. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. “We are proud to reach the milestone of trading on OTCQX, as this will make it easier for US individuals and entities to invest in ESE by reducing the requirement of having a Canadian trading account. We believe this is a key step in our growth plan and increasing visibility of the company,” said Konrad Wasiela, the CEO of ESE Entertainment.

OTC Markets Group Inc, the operator of regulated markets for trading 12,000 US and international securities, has announced that Liberty Northwest Bancorp, Inc, a commercial bank chartered in the State of Washington, has qualified to trade on the OTCQX Best Market under the symbol LBNW. Liberty Northwest Bancorp, Inc. was previously privately-held. The OTCQX Market serves as a more efficient and cost-effective public market for US regional and community banks through standards tailored for bank reporting. By providing price transparency and broader information distribution, OTCQX enables banks to maximize the value of being a public company. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. “We are excited to commence trading on the OTCQX Market,” said Richard C. Darrow, president and CEO of Liberty Northwest Bancorp. “This is a significant milestone for our company. Liberty Northwest Bancorp operates a profitable community bank in the vibrant Pacific Northwest and is looking to increase its visibility and outreach to investors. Trading on the OTCQX will provide for greater transparency, accessibility, and liquidity for investors as we execute on our strategy of building a strong community bank.”