NA Proactive news snapshot: MedX Health Corp, Plurilock Security, Vicinity Motor, Gold Resource Corp, Loop Insights …

NA Proactive news snapshot: MedX Health Corp, Plurilock Security, Vicinity Motor, Gold Resource Corp, Loop Insights …

Proactive Investors

Published

MedX Health Corporation (CVE:MDX) (OTCMKTS:MDXHF) (FRA:9MH) reported a 37% increase in revenues for its skin health products in 2020, compared to 2019 as the medtech group continued to expand its international footprint. The coronavirus (COVID-19) challenge however significantly hit sales of its laser product range, which were down 54% in the year to December 31, 2020, compared to 2019. Overall, the group reported 2020 revenue of C$530,066, compared to C$860,248 in 2019, but in the fourth quarter, revenue came in at $192,181 versus C$181,362 reported in 4Q, 2019. Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) announced that it finished fiscal year 2020 with cash and equivalents of C$1.7 million on December 31, as its license revenue for the year increased to $326,322 from $158,669 in 2019. The company said its license revenue accounted for 68% of total revenues in 2020, up from 25% in the previous year. “Despite the headwinds of COVID-19, we were able to achieve our primary strategic objectives, which included a successful listing of Plurilock on the TSX Venture Exchange, capitalizing the company with $3.4 million in net financing proceeds, and laying the foundation for both organic and in-organic future growth,” Plurilock Security CEO Ian Paterson said in a statement. Vicinity Motor Corp (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG), formerly known as Grande West Transportation Group, said it has received a purchase agreement from Simcoe County in Ontario for four buses. Under the terms of the supply agreement worth more than $1.6 million, the company noted that the county will order three 30-foot Vicinity buses as well as one larger 35-foot bus for delivery in the first half of 2022. "We are pleased to have secured this $1.6 +million agreement with the County of Simcoe, continuing our strong legacy as a leading bus supplier within the robust Canadian market," Vicinity CEO William Trainer said in a statement. Gold Resource Corporation (NYSEAMERICAN:GORO) (FRA:GIH) posted first-quarter results that saw solid net income of $2.5 million and gold production that was in line with quarterly guidance. For the period ended March 31, 2021, the Denver, Colorado-based gold and silver producer, reported a net income of $2.5 million and earnings per share of $0.03 on revenue of $27.3 million. Gold Resource said it produced 6,097 gold ounces and 307,610 silver ounces, or a total of 10,750 gold equivalent ounces at a “cash cost of $408 per ounce, of which 5,019 gold ounces and 253,061 silver ounces were payable ounces sold or a total of 8,810 gold equivalent ounces.” Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) has announced a strategic alliance with data aggregation firm NielsenIQ to “transform the retail sector” with automated marketing and enhanced customer engagement achieved by relying on real-time business intelligence. The collaboration pairs NielsenIQ's robust data aggregation and measurement expertise with Loop's real-time data analytics capabilities, driven through the company’s Fobi IoT device, which helps retailers bridge their online customer data with their brick-and-mortar data.  Silvercorp Metals Inc (TSE:SVM) (NYSEAMERICAN:SVM) (FRA:S9Y) said it has increased the mining potential at its flagship Ying project, revealing that it has been granted three new exploration permits. The China-focused metals producer said the new permits cover 48.8 square kilometers (sq km) and cover the depth extensions of three mining permits, namely SGX, HPG, and TLP-LME-LMW. Silvercorp started commercial production at Ying in 2006. The asset consists of six separate mines - the SGX, HZG, HPG, TLP, LME, and LMW properties - which feed two mills with 3,200 tonnes per day (tpd). BetterLife Pharma Inc (CSE:BETR) (OTCQB:BETRF) (FRA:NPAU) announced that it has applied for patent protection for a novel implant device designed to prevent the potential side effects of patients self-administering more psilocybin or LSD than prescribed for in mental health treatment. LSD and psilocybin microdosing is currently in multiple ongoing clinical trials, the company noted, and one issue it says is being majorly overlooked is the possibility of a patient consuming a full psychedelic dose of psilocybin or LSD as opposed to the prescribed microdose, or the resale of the drugs to someone other than the patient. BetterLife has addressed this problem with this implant, administered by an in-office procedure performed by a physician. Essex Minerals Inc (CVE:ESX) (OTCQB:ESXMF) (FRA:EWX1) said it has agreed to acquire its privately-held Australian joint venture partner KNX Resources Ltd in an all-stock transaction. The company said buying KNX is the best way to acquire the balance of KNX's interest in the Australian gold properties while also giving Essex an Australian operating subsidiary with accumulated tax losses. “The acquisition of KNX gives Essex shareholders significantly greater exposure to any discoveries made on these three large Australian gold and gold-silver exploration properties,” Essex Minerals CEO Paul Loudon said in a statement.   Viscount Mining Corp (CVE:VML) (OTCQB:VLMGF) (FRA:7VM) has wrapped up field work in the second phase of its three-phase drill program at its Silver Cliff project in Colorado. The company’s Phase 2 exploration program is designed to expand the existing resource at the property and further define the limits of the Kate East zone, potentially increasing the grade and size of the deposit, Viscount said in a statement. The Vancouver-based company also said it was expanding its drill program to increase the tonnage to include in upcoming resource reports. CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) has announced the commercial installation sale of its CO2 Delivery Solutions system to a British Columbia-based licensed cultivator. In a statement, CO2 GRO noted that the contract is another direct commercial installation sale without a feasibility study.  The customer-based its decision on CO2 GRO’s existing plant science data and testimonials from other users of the CO2 Delivery Solutions, the company said.   First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) (FRA:FMG) said it has entered into an earn-in agreement with Whitefish Exploration Inc. Under the deal, First Mining said it may earn, over the course of two stages and over a period of five years, up to a 100% interest in Whitefish's Swain Lake property near the Springpole project in Ontario. First Mining said it will have the option to earn an initial 70% interest in the property by making cash payments totaling $200,000, and share payments totaling $425,000 to Whitefish, and by incurring at least $500,000 worth of expenditures during the first three years of the earn-in term. Hill Street Beverage Company Inc (CVE:BEER), which makes alcohol-free beer and wine as well as adult-format beverages, said that it has made changes to its board of directors and has formed “new board observer roles.” Toronto-based Hill Street said that in step with its recently finalized capital raise, the firm appointed well-known management consultant and entrepreneur Frank Vizcarra to the company’s board. In 2006, Vizcarra founded the Vizcarra Consulting Group (VCG) to help CEOs define their strategies to drive their business. Vizcarra retired from professional soccer at the end of 1983 and began his career in business by working for Pizza Hut. In 1985, he joined McDonald's Corporation where he worked for 20 years in senior positions. The firm said it also appointed Monica Zaragoza as a board observer to help the company in its strategic planning and governance. Cabral Gold Inc (CVE:CBR) (OTCPINK:CBGZF) reported new drill results showing good gold grades from two prospective areas on its flagship Cuiú Cuiú project in northern Brazil. The company said that drilling at the Hamilton Novo target south of the Machinchie zone returned 3 metres at 13.2 grams per ton (g/t) gold, including 1 metre at 36.7 g/t gold. Hamilton Novo is one of six recently identified veins that run between the MG gold deposit and the new Machichie zone, where recent drilling returned 34 metres at 5.4 g/t gold.  American Battery Metals Corporation (OTCQB:ABML), soon to be known as American Battery Technology Company has submitted three new permit applications to the city of Fernley, Nevada and the Nevada Division of Environmental protection to continue progress in permitting and constructing its lithium battery recycling pilot plant, the company announced. "This past Monday, April 26, our design team, led by Miles Construction, submitted a mass grading permit application to the City of Fernley,'' lead on-site project manager Chuck Leber said.  "We also submitted a Storm Water Pollution Prevention Plan (SWPPP) and Surface Area Disturbances (SAD) permit application to Nevada Division of Environmental Protection to continue the permitting process for our lithium battery recycling pilot plant. A SAD permit is the precursor to getting a mass grading permit approved by the city of Fernley. It ensures dust from the lithium battery pilot plant construction process will be controlled so as to not adversely impact local air quality, the company said. Renforth Resources Inc (CSE:RFR) (OTCPINK:RFHRF) (FRA:9RR) has posted more results from the 2020 Fall drill program at its flagship Parbec open-pit gold deposit in Quebec, which have extended mineralization there. All five holes reported continue Renforth's success at Parbec and all returned gold values of interest, the company said. This is expected to positively impact the resource estimate expected to be completed this summer, depending on the receipt of assays. Highlights included an intercept of 2.8 metres (m) in a gap within the geological model at a grade of 1.27 grams per ton (g/t) gold from a depth of 154.5m in one hole, and 3.89 g/t gold over 1.75m from 368.75m in another. NexTech AR Solutions Corp (OTCQB:NEXCF) (NEO:NTAR) (CSE:NTAR) (FRA:N29) reported that its unaudited preliminary first-quarter revenue and gross profit jumped by triple digits year-over-year. The company said its revenue for the three months ended March 31 is estimated at $7.5 to $7.7 million, an increase of more than 200% compared to $2.5 million in the 1Q of 2020. In addition, NexTech said 1Q gross profit is estimated at $4.1 to  $4.3 million, a year-over-year increase of more than 200%. The company made a gross profit of $1.4 million in the year-ago quarter. Total bookings for the quarter were $2.2 million, the company added. American Manganese Inc (CVE:AMY) (OTCQB:AMYZF) (FRA:2AM) has announced a new step forward towards commercializing its proprietary lithium-ion battery cathode recycling process, RecycLiCo. The Canadian company and its R&D contractor Kemetco Research Inc said that the pregnant leach solution produced from the cathode waste was prepared for cathode precursor production testing. The lithium-nickel-manganese-cobalt (NMC) testing follows earlier production of cathode precursor material from recycled lithium-nickel-cobalt-aluminum oxide (NCA) cathode waste, according to the Vancouver-based firm. AEX Gold Inc (LON:AEXG) (CVE:AEX) said it is working towards de-risking the Nalunaq Project as much as possible and increase the scale and value of the resource. Once it will complete the feasibility level engineering study and incorporated the updated resource model, the miner will proceed directly with the revised development plan for Nalunaq. In a separate announcement, the firm announced that Jaco Crouse has been appointed as a director to the board, replacing Robert Ménard who has chosen to step down from his position after four years. Crouse is currently chief financial officer for AEX following his appointment in January 2021, and will remain in this role. Plurilock Security Inc. (CVE:PLUR) (OTCQB:PLCKF) has announced that its US Small Business Payroll Protection Program (PPP) loan, which amounts to US$199,830 in principal and US$2,053.81 in interest, has been remitted and forgiven on April 27, 2021. The PPP is a multibillion-dollar loan program that originated from the US Coronavirus Aid, Relief and Economic Security (CARES) Act. It allowed businesses with fewer than 500 employees to obtain loans of up to US$10 million to assist companies in maintaining full employment of their workers through the coronavirus (COVID-19) pandemic. Victory Resources Corporation (CSE:VR) (FRA:VR61) (OTCPINK:VRCFF) has said it is undertaking a non-brokered private placement for up to $2 million by the issuance of units at $0.07 each, consisting of one common share and one warrant entitling the holder to subscribe for one additional common share at $0.10 for 2 years from the date of closing. The company reserves the right to accelerate the warrants expiry date upon 30 day’s notice in the event the common shares trade at or above $0.25 for 10 trading days, including days where no trades occur. Victory said it intends to use the proceeds for general working capital, acquisitions and work programs on the company's existing exploration properties in Nevada and British Columbia, and any additional properties the company may acquire. Newrange Gold Corp. (CVE:NRG) (OTCMKTS:NRGOF) (FRA:X6C) has announced the closing of the second and final tranche of a non-brokered private placement for proceeds of $1,351,991.60. The company said the proceeds will be used to advance its flagship Pamlico Project in Nevada and for general working capital. Total gross proceeds from the non-flow-through and flow-through financings were $3,057,391.48. The offering consisted of 11,266,597 units, with each unit made up of one common share of the company and one-half share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $0.25 at any time until April 28, 2023. Marrone Bio Innovations, Inc. (NASDAQ:MBII) has said it will release financial results for the first quarter ended March 31, 2021, after the market close on Thursday, May 13, 2021, at 4.30pm Eastern time. Marrone management will host an investor conference call at 4.30pm ET (1.30pm PT) on May 13, 2021, to discuss the results, provide a corporate update, and conclude with a Q&A from participants. To participate, investors can use the following information: US Dial-in: 1-866-248-8441; International Dial-in: 1-323-289-6576; Conference ID: 8735297; Webcast: http://public.viavid.com/index.php?id=144565. A playback of the call will be available through June 13, 2021. To listen, call 1-844-512-2921 within the United States or 1-412-317-6671 when calling internationally, using the replay pin number 8735297. A webcast will also be available for 30 days on the IR section of the Marrone Bio Innovations website. Co-Diagnostics, Inc. (NASDAQ:CODX) has announced that it will be accompanying Dr Heather Fehling, chief scientific officer at Clinical Reference Lab in a webinar titled “A New Generation of PCR: At-home Testing and Preparing for Emerging Strains of COVID-19” on Thursday, April 29, 2021, at 2.00pm EDT. The 360Dx webinar is expected to provide insights regarding future applications of PCR testing for coronavirus (COVID19), how CRL is able to provide non-invasive and highly accurate saliva PCR tests for at-home collection, and how new PCR science and technology is enabling and expanding the applications and accessibility of PCR tests. Co-Diagnostics senior design engineer Masen Christensen will discuss the results of ongoing monitoring and analyses of emerging COVID-19 mutations as they relate to the technology’s performance. Investors interested in the webinar can register via the following link: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&partnerref=codiagnosticslp&eventid=3060522&sessionid=1&key=E01C5CBBDEF99CA3E6178BB097E3A2B0®Tag=&V2=false&sourcepage=register Unigold Inc. (CVE:UGD) (OTCQX:UGDIF) (FRA:UGB1) said it has engaged San Diego Torrey Hills Capital, Inc., a California based investor relations firm, to provide market awareness and investor relations services to the Company, subject to acceptance by the TSX Venture Exchange. Cliff Mastricola is the principal of Torrey Hills Capital and will be responsible for all activities related to Unigold. Torrey Hills Capital has been engaged at a rate of US$6,000 per month for an initial term of six months. After the initial term, the agreement will be automatically extended, subject to a 30-day termination notice by either party. Unigold has also agreed, at the discretion of the board of directors, to allow Torrey Hills Capital to participate in the company’s Share Incentive Plan. Any incentives granted will be subject to the terms of the company’s Share Incentive Plan, which is ratified annually by shareholders, and to the policies of the TSX-V. Torrey Hills Capital currently has no direct or indirect interest in the securities of Unigold, or any right or intent to acquire such an interest except pursuant to the exercise of the above-referenced options. The appointment of Torrey Hills Capital as an investor relations consultant of Unigold and any participation in the Company’s Share Incentive Plan remain subject to regulatory acceptance of applicable filings with the TSX-V. (OTCQX:OTCM), the operator of financial markets for 11,000 U.S. and global securities, has announced that Gaming Realms PLC (LON:GMR) (OTCQX:PSDMF), a leading mobile gaming company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors.  For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Michael Buckley, executive chairman of Gaming Realms, commented: "We are delighted to be admitted to the OTCQX, a development which reflects the increased demand and interest we have been experiencing from US investors as a result of our growth in New Jersey and successful partnerships with US gaming companies. Our quotation on OTCQX will significantly enhance our visibility in the US market and provide better access to prospective investors. Whilst the Company continues to expand in the European regulated iGaming market, our principal focus is on increasing our foothold in the US and building on the success of our hugely popular Slingo games in New Jersey. We have an exciting pipeline of opportunities ahead, not least our imminent launch in Michigan, our second US State, whilst we are also progressing the application process for a licence in Pennsylvania."

Full Article