NA Proactive news snapshot: AIM ImmunoTech, PyroGenesis Canada, InnoCan Pharma, Constantine Metal UPDATE …

AIM ImmunoTech Inc (NYSE American: AIM) said Tuesday that it has filed a trio of patent applications for Ampligen in a bid to market its flagship drug as a therapy taking aim at the deadly coronavirus, which originated in Wuhan, China. Ampligen has previously been used with success in animals to treat Severe Acute Respiratory Syndrome (SARS), which is a sort of sister virus to the Wuhan coronavirus and also originated in China, but in the Guangdong province. After a 2002 SARS outbreak in Guangdong reported more than 8,000 illnesses and more than 800 deaths, the US National Institutes of Health contracted studies with Ampligen to evaluate its effectiveness as a treatment for SARS. In those studies, Ampligen saw a 100% survival rate – “at clinically achievable human dosage levels” in animal experiments. PyroGenesis Canada Inc (CVE:PYR) told investors that along with HPQ Silicon Resources Inc (CSE:HPQ), it was advancing the development of a new low-cost manufacturing process for producing the spherical silicon metal (Si) nano-powders and silicon metal nanowires needed for the next generation of lithium-ion silicon metal batteries. In a statement, the company said the process is built on five years of PUREVAPTM quartz reduction reactor (QRR) development know-how. The company is focused on upgrading the PUREVAP QRR into the PUREVAP nano reactor to produce spherical silicon metal nano-powders and nanowires for lithium-ion silicon meal batteries. InnoCan Pharma Corp (CSE:INNO) has been on a roll in its first five months as a public company as it has unveiled a clutch of advances on the research and development front in preparation for its entrance in the commercial market. “We are successfully executing our business plan and, in some ways, are ahead of schedule,” said Iris Bincovich, InnoCan’s CEO. On its list of achievements is the lodging of a new patent application filed, which is based on a liposome platform loaded with cannabinoids and which came about thanks to research by Professor Chezi Barenholz from Hebrew University of Jerusalem, funded by the company. The company, based in Israel, is developing a platform that enables the controlled release of CBD using injections of liposomes, a vesicle that can be used as a vehicle to administer nutrients and drugs with a structure that resembles cell membranes. Constantine Metal Resources Ltd (CVE:CEM) (OTCMKTS:CNSNF) has successfully filed a proposal with the TSX Venture Exchange to issue 2,701,683 bonus warrants, exercisable at 31 cents per share, until October 10, 2024, to reap net loan proceeds of US$630,000. The Canadian mineral exploration company boasts a broad portfolio of assets in Alaska and Ontario. Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF), the cannabis conglomerate, will host a conference call to provide an update on its latest developments at 1pm (ET) on February 26. The call can be accessed by dialing 1-888-396-8064 (US) or 1-416-8649 (Canada). Australis identifies companies and invests in the cannabis sector, mainly in the US. Energy Fuels Inc (NYSE:UUUU) CEO Mark Chalmers lauded President Trump on Tuesday after the White House included in its fiscal 2021 budget request a call for $1.5 billion over 10 years to establish a strategic uranium reserve. "President Trump took action to support domestic uranium miners and promote US national and energy security,” Chalmers said in a statement. “This is an important step toward addressing the devastating impact of our nation's overdependence on uranium imports from Russia and its allies, which is displacing free market uranium and forcing US mines out of business.” Neo Lithium Corp (CVE:NLC) (OTCMKTS:NTTHF) is mulling a number of proposals regarding a partner for its Tres Quebradas lithium project (3Q project) in Catamarca Province, Argentina, it told investors on Tuesday. The firm has spent the last two years focused on developing the project towards future production. "We are extremely encouraged with the level of interest and initial indicative terms of the proposals received to date," said Waldo Perez, the CEO of Neo Lithium in a statement."We will be diligently reviewing the terms proposed by the different parties in the coming weeks and look forward to further updating the market." CleanSpark Inc (NASDAQ:CLSK) delivered its sixth consecutive record-setting quarter with a significant increase in revenues thanks to an expanded product offering and customer base. The Salt Lake City-based company saw its revenue jump 372% and gross profit increase by 238% during the last three months of 2019. The totals were boosted by a couple of significant agreements and product releases that helped propel the microgrid energy company to almost $1 million in revenue over the quarter. Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) announced Tuesday its subsidiary CannMart Inc has added premium craft cannabis brand Kief Cannabis Co to its product line and signed a supply agreement with Alberta Gaming, Liquor & Cannabis. Kief is a pure craft cannabis company in which Namaste holds a minority stake and certain product purchasing rights and recently received its Health Canada licence and its premium quality leaf products are expected to join the CannMart family of premium brands offered for medical patients on CannMart's website and through its network of B2B sales channels. CannMart has also signed a supply agreement with AGLC, the agency responsible for regulating and distributing cannabis to Alberta's licensed retailers and the sole legal online retailer for recreational cannabis at www.albertacannabis.org. Nemaura Medical Inc (NASDAQ:NMRD), the maker of the sugarBEAT continuous glucose monitor, provided Tuesday a business update and financial results for the third quarter ended December 31.In a statement, the company noted that it has achieved three major milestones: Formed partnership with the award-winning UK-based company, Changing Health; made significant progress on manufacturing commercial batches of product for release for sale initially in the UK and Ireland; Received positive feedback from the first users of sugarBEAT as part of the first phase of commercial launch. As for Nemaura’s 3Q results, the company ended the quarter with a cash balance of $1,067,663, and it has drawn down on the first $3.5 million of a senior debt facility to help fund the company’s European launch of SugarBEAT. Marrone Bio Innovations Inc (NASDAQ:MBII) has released a study showing a significant reduction in greenhouse gas emissions when utilizing its biopesticides compared with using conventional chemical pesticides. The study, done in cooperation with the UC-Davis Graduate School of Management, suggested that switching from conventional products to MBI biopesticides would, on average, likely result in net reductions of greenhouse gas emissions between 69% and 91%, or between 39 and 46 kilograms of CO2 equivalents per acre per year. Vendetta Mining Corp (CVE:VTT) (OTCMKTS:VDTAF) unveiled Tuesday plans for a private placing to raise C$550,000 to advance its Pegmont lead-zinc project and for general working capital. The firm will issue up to 11 million units at C$0.05 each, with each unit consisting of one company share and one warrant exercisable for three years at C$0.075 per share. Yesterday (Monday), the firm announced "highly encouraging" results from test work using commercial X-ray sorters for the project, which lies in Queensland, Australia. Cabral Gold Inc (CVE:CBR) unveiled an exciting new target at its flagship Cuiú Cuiú project that could signify even more high-grade gold at the Brazilian asset. The Vancouver-based explorer said recent surface sampling at the largely unexplored eastern portion of Cuiú Cuiú identified a previously unknown target called Alonso. Cabral took 23 samples from surface boulders that returned gold values of between 11.6 to 200 grams per ton gold. The average of all 23 samples was nearly 92 grams per ton gold, the company said in a statement. American Battery Metals Corp (OTCMKTS:ABML) CEO Doug Cole said Tuesday that the Nevada battery recycling and production company, is keen to stress the extent to which automakers are eager to take an interest in forging ties with battery metals groups. Cole emphasizes that automakers are looking for partnerships with companies that bring metals like lithium to the market, but have no need for getting into the lithium mining business. “They simply want to guarantee a steady, trusted supply of resources so they can accurately plan and deliver on their electric vehicle production forecasts,” said Cole in a statement. Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) revealed Tuesday that the number of patients visiting its clinics in January 2020 nearly tripled to 1,750, compared to 607 patients in the same month a year earlier. Empower, which acquired the physician-staffed Sun Valley wellness clinics in May last year, said it continued to see the patient count in corporate clinics increase strongly. Azarga Metals Corp (CVE:AZR) said initial drill results from its Unkur copper-silver project in Russia has shown the potential for extending mineralization at depth and along strike. The firm has received assays from the first six holes of an ongoing 6,000 metre (m) program, which included the widest intercept of mineralization discovered so far. mCloud Technologies Corp (CVE:MCLD) (OTCQB:MCLDF) announced it may acquire Australia-listed BuildingIQ (ASX:BIQ), a firm also in the smart buildings technology space, in a bid to expand mCloud's AssetCare solution. BuildingIQ' currently connects over 1,350 commercial buildings worldwide and helps owners’ lower energy, increase efficiency and enhance tenant comfort. NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF), the cryptocurrency payments group, said Monday that it has arranged a non-brokered private placement for up to $1 million.  In a statement, the Vancouver-based company said that following the offering, if fully subscribed, the company will issue 3,571,429 units at a Canadian Securities Exchange "price protected" rate of $0.28 per unit, for gross proceeds of $1 million. Genprex Inc (NASDAQ:GNPX) has signed a licensing agreement with the University of Pittsburgh for a diabetes gene therapy that could have the potential to cure Type 1 and Type 2 diabetes. The gene therapy, developed at the Rangos Research Center at UPMC Children’s Hospital of Pittsburgh, works by reprogramming beta cells in the pancreas to restore their function, allowing them to replenish insulin levels.  Bragg Gaming Group Inc (CVE:BRAG) (OTCMKTS:BRGGF) portfolio company ORYX Gaming is boosting its arsenal of gaming programs with the new Player Engagement Platform. ORYX told shareholders that the new platform “takes gamification to a new level.” The platform, known as PAM, increases player engagement and customer lifetime value by consolidating several functionalities, the company said in a statement. Orgenesis Inc (NASDAQ:ORGS), a developer of advanced cell therapies, said Tuesday that it had completed the sale of subsidiary Masthercell Global Inc, a contract development manufacturing organization (CDMO), to Catalent Pharma Solutions, a multinational headquartered in Somerset, New Jersey. In a statement, the company said that on closing the deal, Orgenesis received net proceeds of around $127 million. It expects to use the proceeds to grow its evolving point-of-care cell therapy business and develop advanced therapy medicinal products.  Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLYF) has confirmed the high quality of its vein graphite extracted from its K1 mine. The Sri Lanka-focused miner said it had started commercial production of graphite from the site at Karasnagla in Sri Lanka in December last year. Today, it said it had achieved an impressive 99.9997% purity using a thermal purification process - Lithium-ion batteries require a minimum purity of 99.95% Cg.  Seelos Therapeutics (NASDAQ:SEEL), is set to raise net proceeds of $4.3 million to advance the drugs in its pipeline, thanks to its latest public offering. Under the terms of the offering, 6,666,667 shares of Seelos stock will be sold at a price of $0.75 per share. Underwriters have also been awarded a 45-day option to purchase up to 999,999 additional shares to cover over-allotments.  Co-Diagnostics Inc (NASDAQ:CODX), which is now selling its screening test for the deadly coronavirus, announced Tuesday, it has arranged some $10.2 million in financing. The Utah-based company said it intends to use the net proceeds for the acquisition of PCR (polymerase chain reaction) equipment to be used in connection with the sales of reagents used for tests to diagnose infectious disease, including strains and mutations of the coronavirus.  Imagination Park Technologies Inc, (CSE:IP) (OTCMKTS:IPNFF), the augmented reality company, is shaking up its senior leadership with the appointment of Mike Tunnicliffe as a senior advisor to CEO Alen Silverrstieen. Tunnicliffe previously was at the helm of Universal Music Group Brands (UMGB), a music strategy and partnerships group that works with UMG artists and their management teams. During his stint at Universal, Tunnicliffe worked with American Express, American Airlines, Honda, Citi and Marriott, as well as artists like Keith Urban and Nick Jonas.  BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) and Nextleaf Solutions Ltd (CSE:OILS) (OTCMKTS:OILFF) announced Tuesday that the two companies will work together to deploy nano-delivery technology in a new line of CBD-infused beverages. The two Canadian companies announced a partnership back in September to work together to commercialize BevCanna’s line of infused beverages using Nextleaf’s technology. Nextleaf recently completed its acquisition of the intellectual property pertaining to the nano-delivery of cannabinoids, giving it the foundational processing methodology and two water-soluble formulations.  NexTech AR Solutions Corp (OTCMKTS:NEXCF) (CSE:NTAR) CEO Evan Gappelberg responded forcefully to an analyst note from Hindenburg Research, a firm that took a short position in the augmented reality company. NexTech brought together its executive to respond to what it called “false claims to forment fear and panic” and a $0 price target in a video call with research firm Starwood Research.  Pacton Gold Inc (CVE:PAC) (OTCMKTS:PACXF) told investors it has kicked off drilling targets along the LP extension at its Red Lake gold project in Ontario. The firm has exploration permits for 38 holes within this area. Thus far, it has drilled 3,000 metres of its 10,000 m program.  OTC Markets Group Inc. (OTCMKTS:OTCM), the operator of financial markets for 10,000 U.S. and global securities, has announced that MPX International Corporation (CSE:MPXI) (OTCMKTS:MPXOF) has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. The group said that upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors - to qualify for OTCQX, companies must also meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. MPX International Corporation is focused on developing and operating assets across the global cannabis industry with an emphasis on cultivating, manufacturing and marketing products which include cannabinoids as their primary active ingredient. Heritage Cannabis Holdings Corp.(CSE:CANN) (CNSX.CANN.CN) has announced the resignation of Debra Senger from its board of directors as well as her position as Chief Strategy Officer of the company. The group added that Senger will remain as a director and shareholder of Heritage's subsidiary Voyage Cannabis Corp until a suitable alternative can be arranged. The company said it thanked Senger for all her contributions in founding the company and her involvement and guidance in shaping the firm, and wished her every success in her future endeavours.