NA Proactive news snapshot: Water Tower Research, Gevo, American Manganese, DGTL Holdings, Phunware UPDATE...

Water Tower Research has published a note on Gevo Inc (NASDAQ:GEVO) following the company’s 2Q 2021 earnings results. Water Tower said the company made substantial progress on its renewable natural gas (RNG) project in Iowa, advanced engineering work related to Net-Zero 1, and increased its Net-Zero 1 plant guidance and outlook. As well, management noted that its Net-Zero 1 hydrocarbon capacity is oversubscribed based on its take-or-pay contracts. Read more insights from the report here.  American Manganese Inc has received advisory services and funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support a lithium-ion battery recycling pilot project. The funding will be delivered through NRC IRAP's Fast Pilot in Foreign Markets program, designed to help innovative Canadian small and medium-sized businesses overcome barriers to global market entry and facilitate direct adoption of technology in foreign markets. In collaboration with Italvolt, American Manganese will model, commission, and test a lithium-ion battery cathode material recycling demonstration plant to include continuous operation with specific cathode waste processing objectives, such as capacity, extraction efficiency, and material purity. Italvolt plans to build one of Europe's largest lithium-ion battery Gigafactory in Scarmagno, Italy. DGTL Holdings Inc said it has agreed to merge with Engagement Labs (TSX-V:EL) Inc in an all-stock transaction. Under the terms of the arrangement, Engagement Labs shareholders will receive 0.1136 of a DGTL share in exchange for each Engagement Labs share held, on the basis of a 10-day volume-weighted average trading price per DGTL share of $0.322, involving a total of 5,320,000 DGTL Holdings shares.   Phunware Inc (NASDAQ:PHUN). has reported its second-quarter results showing that it generated revenue of $1.4 million. The company said most of that revenue came from its Multiscreen-as-a-Service (MaaS) platform subscriptions and services, at $1.2 million, during the quarter ended June 30, 2021. “We were extremely encouraged by the continued operational momentum for our business during Q2 despite the ongoing pandemic, as we further accelerated our MaaS platform vision and adoption across a number of key fronts including new product introduction and indirect channel expansion,” said Phunware CEO Alan Knitowski in a statement. In a separate statement, Phunware also announced the launch of its MaaS Smart City Solution on Apple iOS and Google Android for the city of Pasadena, Texas to improve citizen engagement and address critical challenges to managing emergencies. The city of Pasadena is a vibrant community located just outside of Houston with a population of approximately 200,000. It has embraced modernization as it continues to attract new businesses and provide more amenities, but maintains its agricultural roots and commitment to personal connections, Phunware noted. Gevo Inc (NASDAQ:GEVO) has posted second-quarter results that demonstrated it is in a strong financial position with over $567.2 million in cash and marketable securities to press ahead with the next phase of engineering work at its Net-Zero 1 green energy project. For the period ended June 30, 2021, the Englewood, Colorado-based company had cash, equivalents, restricted cash and marketable securities totaling $567.2 million, compared to $525.3 million at the end of the first quarter of 2021. Gevo’s advanced Net-Zero 1 production facility is expected to begin production in 2024 in Lake Preston, South Dakota. It will produce energy-dense liquid hydrocarbons that should have a net-zero greenhouse gas footprint across the whole of the life-cycle when burned as transportation fuels.  CytoDyn Inc said it has received comments from the US Food and Drug Administration (FDA) on the company’s recently submitted dose justification report for its Vyrologix (leronlimab-PRO 140) drug, an important component to the company’s resubmission of its Biologics License Application (BLA) for HIV. The Vancouver, Washington-based late-stage biotechnology company is working to develop a significant advance in HIV treatment beyond the 'AIDS cocktail' combination of pills that has kept millions of people alive since the mid-1990s. In a statement, CytoDyn CEO Dr Nader Pourhassan said: “We are encouraged by the guidance and comments received from the FDA. Our management team and regulatory advisory team are confident that we will be able to successfully address these comments, allowing the further advancement of our BLA resubmission. In our view, this is a major step forward in our BLA process." TPCO Holding Corp. - The Parent Company (OTCQX:GRAMF, NEO:GRAMU) - has announced the opening of its latest DELI by Caliva location in Hanford, California today.  The new store will service the Central Valley in conjunction with the brand's existing operational delivery hub, which increased the company's consumer reach to 65% of the largest legal cannabis market in the country. The opening of the new DELI by Caliva location marks the company's retail entrance into the Hanford community, which was previously supplied by the brand's in-house delivery service via Caliva.com or through Caliva's App. Esports Entertainment Group Inc. said it has signed an exclusive partnership with ESTV EsportsTV to create gaming content using its Esports Gaming League (EGL) tournament platform. ESTV is the first worldwide 24-7 live linear video channel dedicated to esports. Launched in May 2019, ESTV provides round-the-clock coverage of esports athletes and gaming franchises from an insider perspective. Esports Entertainment said it will create multi-platform content based on branded tournaments featuring amateurs as well as professional sports athletes. It will also leverage its relationships with numerous NFL, NBA, NHL, and MLS teams to create compelling stories and exciting gaming action. Beyond Medical Technologies Inc. (CSE:DOCT) said it has appointed Zara Kanji as the company's new chief financial officer.. Kanji replaces Michael Sadhra, who has resigned as the chief financial officer of the company to pursue other opportunities. Kanji is a founder of Zara Kanji & Associates and is experienced in financial reporting compliance for junior listed companies, taxation, general accounting, financial reporting and value-added advisory services for individuals, private and public companies. New Pacific Metals (TSX:NUAG, NYSE:NEWP) Corp. has announced that Bolivia's Jurisdictional Mining Administrative Authority (AJAM) has granted an Administrative Mining Contract (AMC) for the company's Silver Sand Project. The company said all required registration, notarization and publication steps to perfect the title of the AMC in favour of Empresa Minera Alcira S.A., the company's wholly-owned Bolivian subsidiary, are complete. The AMC establishes a clear title to the Silver Sand Project mineral rights. In accordance with Bolivia's Mining Laws. New Pacific submitted all required documents for the consolidation and conversion of the original seventeen ATEs (Temporary Special Authorizations) that comprised the Silver Sand Project to cuadriculas and an AMC to AJAM. The Valens Company (TSX:VLNS, OTCQX:VLNCF) said it has launched three new products in partnership with Verse Cannabis that will be available in participating Canadian markets. The products include two new vape cartridges and the first cannabis-infused beverage brand from Verse. Rapid Tropical Rush, the cannabis-infused beverage, is a lemon, lime, and mango-flavoured water infused using SōRSE by Valens technology with 10 milligrams (mg) of THC and 10 mg of CBD. The beverage is free of cannabis taste and smell and offers a quick onset.  Silvercorp Metals Inc (TSX:SVM, AMEX:SVM) said it had received high-grade intercepts from its exploration programs at the GC silver-lead-zinc mine, Guangdong Province, China. The results released by the diversified miner are devised from a drill program that commenced on the property October 1, 2019 and ran through to June 30, 2021. A total of 72,878 meters (m) from 704 underground diamond drill holes were completed. Of the 704 drill holes, 577 intercepted mineralization.  Byrna Technologies Inc. (CSE:BYRN) has announced that Bi-Mart, a retail chain predominantly located in the Pacific Northwest, began carrying Byrna products at 82 Bi-Mart stores beginning in late July. As part of the relationship, Bi-Mart is stocking the company's products in display cases that prominently feature the Byrna HD launcher and a selection of Byrna projectiles and accessories. With the addition of this retail relationship, Byrna products are now sold at approximately 1,600 brick and mortar locations across the United States. In a separate statement, Byrna Technologies said it has filed a request with the Canadian Securities Exchange (CSE) to voluntarily delist its shares of common stock from the CSE. Byrna's shares will continue to be listed on the NASDAQ Capital Markets. The company's shares began trading on the Nasdaq on May 5, 2021, under the symbol BYRN, with the result that in excess of 95% of the company's shares currently trade on the US exchange. Given the volume of trading on the Nasdaq, the company does not expect any adverse impact on the liquidity or value of the company's shares and expects to generate savings in fees and resources associated with a dual listing. Gold Resource Corporation (NYSEMKT:GORO) said it is seeing a spike in coronavirus (COVID-19) cases at its Don David gold mine in Mexico as the country mirrors the rest of the globe in struggling with the highly contagious Delta variant.  The operation in Mexico, which has mined continuously since May 2020, currently has 77 confirmed cases in the last three weeks.  Deep-South Resources Inc (TSX-V:DSM, FRA:DSD). said it has received Depository Trust & Clearing Corporation (DTC) eligibility, making the company's securities more accessible to US investors. The DTC is the largest securities depository in the world and facilitates electronic settlement of stock certificate transfers in the United States. This electronic method of clearing securities accelerates the settlement process for investors and brokers. "We are very pleased that the Company is now DTC eligible, providing US investors further opportunities to participate in Deep-South's growth," said Pierre Leveille, CEO of Deep-South. "Deep-South's stock is now traded in Canada, Germany, and the United States. We are well-positioned in both domestic and international markets to grow our global investor base." In its July 26, 2021, issue, The International Speculator refreshed its buy of District Metals Corp. (TSX-V:DMX) (recently 28 cents), officially, Buy up to 45 cents. The newsletter said buy on December 23, 2020, at 35 cents, and again on June 23, 2021, at 36 cents. Assuming two investments of $1,000 each, the $2,000 holding is worth $1,562. The newsletter noted that on June 28 and July 5, District released more results from its initial drill program at the Tomtebo project in Sweden. The numbers continue to be strong, including 8.65 metres (m) at 2.9% copper and 26.3m at 0.6% copper, 1.2% lead and zinc, and 24.4 grams per tonne silver. These numbers are not spectacular, but that is not important for Tomtebo's success. It said that this is an established mining district with plenty of infrastructure. To make it work, District just needs to find more mineralization at decent grades. The newsletter noted that District Metals stock sold off following these results, probably because investors were looking for more dazzling numbers, plus there was some softness in the metals markets -- and the junior markets are experiencing the summer doldrums. But, it concluded, there are still several holes upcoming for District from the initial Tomtebo drill program; patience will pay off.