A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Canadian firm () (OTCMKTS:IPATF) is joining in the fight against the deadly coronavirus. The company announced its commitment to developing innovative vaccines against the coronavirus as well as virus-neutralizing antibodies, it said in a release Thursday. ImmunoPrecise, which is focused on antibody discovery, will address both prophylactic and therapeutic measures to fight the virus and its associated disease, COVID-19, according to a statement.
American Manganese Inc () (OTCMKTS:AMYZF) revealed that it achieved positive recycling test results of up to 99.72% purity for materials like nickel, cobalt, and manganese generated from disassembled electric vehicle battery packs. It is all part of a US government project, which was announced in March last year, which is focused on creating a multi-year project that focuses on developing a circular economy for lithium-ion batteries.
Inc () is on the receiving end of good news as its Logix Smart COVID-19 test, which detects the deadly coronavirus, is close to being rolled out across the European Union after being submitted for formal EU registration.This novel test uses the Utah diagnostics company’s CoPrimer technology to identify the presence of a ribonucleic acid (RNA) associated with a new strain of the sometimes fatal virus, which first struck in the city of Wuhan in China late last year. The virus has since spread from China to infect more than 75,000 people and cause nearly 2,130 deaths. The test is expected to be available this month in European countries which accept the highly sought-after CE marking as valid regulatory approval.
Limited (NYSEAMERICAN:VNRX) told shareholders that the company’s 2019 performance left the company in a “strong position” to meet its key 2020 milestones. The Austin, Texas-based firm re-engineered its Nu.Q assays to use a magnetic particle-based assay format, which led to a “step-change improvement” in analytical performance, Volition said in a statement.It expects this enhanced analytical performance to translate into improved clinical performance in the studies to be carried out and reported in the coming months, according to the firm.
CytoDyn Inc () CEO Nader Pourhassan sat down for an interview with Dave Gentry of The RedChip Money Report, where he delved into the company’s lead drug leronlimab’s multiple cancer indications and teased upcoming milestones. The Vancouver-based company has completed a Phase 3 trial for leronlimab as a combination HIV therapy, and Pourhassan believes commercialization is on the horizon. “One out of 5,000 products makes it to commercialization,” Pourhassan said. 'The future of cancer could be in our hands.” The interview will air at 3 pm on Bloomberg international, which is available in more than 100 million homes across Europe.
Inc (NASDAQ) said Thursday it closed 2019 with $34.5 million in cash and cash equivalents. The announcement comes just days after the US Food and Drug Administration approved Agile’s lead product Twirla, a low-dose prescription contraceptive delivered through the skin through the company’s proprietary patch technology. In a statement, Agile said the cash, as of December 31 when it ended its fourth quarter, will be sufficient to meet the company’s projected operating requirements. The company closed 2018 with only $7.9 million in cash and cash equivalents. However, the company said it “will require additional capital to fund operating needs beyond 2020, which it expects primarily will consist of commercializing Twirla, and exploring the advancement of our existing pipeline and its possible expansion through business development activities.”
Energy Fuels Inc (NYSE:UUUU) has closed on a bought-deal financing scheme that raised $16.6 million. The company issued 11.3 million shares at a price of $1.47 apiece. A syndicate of underwriters led by & Co. as lead underwriter and sole book runner, and H.C. Wainwright & Co. LLC, Eight Capital, Haywood Securities Inc., and Roth Capital Partners LLC made the purchases.The money will be used, among other things, to increase uranium and/or vanadium production in response to President Trump’s call to spend $1.5 billion over 10 years to create a strategic uranium reserve.
() will debut an integrated mobile corporate campus solution called On My Way in collaboration with , Inc () at South by Southwest (SXSW) in Austin, Texas, during the Cisco Innovation Hub on March 14 and March 15. SXSW is considered the world’s largest gathering of creative technology professionals, with over 4,000 conference speakers and over 2,000 conference sessions. “Cisco is both a valued channel partner and strategic investor, so we are thrilled to announce this collaboration to extend our mobile corporate campus solution with Cisco Webex Room Kits,” said Randall Crowder, COO of Phunware. “Our mobile cloud platform delivers a critical software layer to optimize workflows while providing a more comprehensive and seamless user experience, so it’s a natural fit to go-to-market in partnership with global digital transformation innovators such as Cisco Webex Teams.”
LexaGene Holdings Inc () (OTCMKTS:LXXGF) announced Thursday that its LX Analyzer successfully detected coronavirus RNA using the Centers for Disease Control and Prevention’s tests. The COVID-19 outbreak (formally called 2019-nCoV) is the most lethal coronavirus outbreak so far, surpassing the 2002 SARS2 and 2012 MERS3 outbreaks. As of February 19, more than 75,000 cases and 2,000 deaths were reported worldwide. “The world needs easy-to-use fully automated pathogen detection instruments operating at points-of-need that can be equipped with tests to detect a novel pathogen within a week of knowing its genetic sequence,” said CEO Dr Jack Regan in a statement.
Ltd () (OTCMKTS:GTBDF) is making “significant progress” in its mammoth C$21 million exploration program at the Dixie project in Red Lake, Ontario The company told shareholders Thursday that it is progressing its predictive modeling of gold mineralization at the LP Fault zone, as well as in its regional exploration program.Highlights from recent work on the property include gaining a better understanding of gold mineralization, completing an airborne survey and new drill holes outside of previously drilled areas.
Salazar Resources Limited () and partner Adventus Mining Corporation () (OTCMKTS:ADVZF) posted Thursday positive findings from metallurgical testing for the Curipamba project in Ecuador, which showed improvements from last year's preliminary economic assessment (PEA). The tests used the same three composite samples taken from the 2018 infill drilling program at the El volcanogenic massive sulphide (VMS) deposit at the Curipamba property. The aim of the tests was to improve the quality of the concentrates by reducing metal cross-contamination and all three samples show improved copper concentrate quality and marketability. Meanwhile, leach test work of the cleaner tailings streams of all three composites using cyanide indicated that gold and silver recovery could be significantly increased.
(), a provider of intelligent analytical technology solutions, has said select members of its senior leadership team, legal counsel, and investment bankers will join Chairman and CEO Gianni Arcaini to ring the Nasdaq Opening Bell on Friday, February 21, 2020. Arcaini commented: "This ceremony represents the culmination of many years of hard work, focus, and determination from our collective Duos team. We appreciate the support of our employees, partners, customers and shareholders who have all contributed to making our Nasdaq listing a reality. We will look to leverage our elevated profile into continued growth and success as a nationally listed company in the months ahead." The ceremony will be held at Nasdaq's MarketSite in New York City and will be webcast starting at 9:15 a.m. Eastern time on Nasdaq's website.
MegumaGold Corp () (OTCMKTS:NSAUF) believes there is "significant potential" for new gold discoveries at its Killag project in Nova Scotia and has kicked off a geological study at the site. The firm is pursuing a new approach to gold exploration in the Nova Scotia goldfields, which has been previously focused on high-grade, nuggety style gold. MegumaGold is more interested in exploiting the disseminated, widespread mineralization, and the firm's 2019 drilling, the results of which will be integrated into this geological and gold distribution study, showed positive signs.
Inc () (NASDAQ:HUGE), a specialty pharmaceutical research company focused on cannabinoids, said Thursday that it had sold its 12% equity interest in Cannara Biotech Inc (CSE:LOVE) to a consortium of buyers for cash proceeds of more than $7.7 million. In a statement, the Canadian company said the share sale transaction was negotiated at arm's length with buyers that included entities controlled by members of the Cannara board and senior management.
Technology Inc () (OTCMKTS:NTTCF), a disruptive cryptocurrency transaction solutions company, announced Thursday that it exceeded $1.3 million in monthly processing volume in January. The monthly transaction volume of $1,348,32 last month represented a nearly 32% increase over December 2019 when the company processed $1,024,030, according to a statement.
() (OTCMKTS:XXMMF) revealed it is to buy four new properties in British Columbia, including two past producers. The firm has struck a purchase agreement with Klondike Gold Corp () to buy all of the latter's BC properties, the Vancouver-headquartered firm said in a statement on Thursday.
Inc (), the provider of cannabinoid therapies for neuropsychiatric disorders, has unveiled details of new clinical data for its flagship Zygel CBD gel, a treatment for Fragile X syndrome, which will be showcased at the American Society for Experimental Neurotherapeutics (ASENT) 2020 meeting in Bethesda, Maryland next month.
() has secured a new long-term rental for one of its C600 Signature Series microturbines in the southwestern Permian Basin. The Van Nuys, California company’s microturbines are well suited for all phases of production in the oil and gas industry in the Permian basin, which sits in West Texas and New Mexico.
Codebase Ventures Inc () (OTCMKTS:BKLLF) has completed an investment in the UK mobile game app Trad3r. The app lets its 4.3 million users trade not only stocks but celebrities, sports teams and Instagram stories, in exchange for rewards from top companies. The game has reached 440,000 daily active users, 103,000 daily purchases and 1 billion monthly interactions.
American Manganese Inc () (OTCMKTS:AMYZF) revealed Thursday that it achieved positive recycling test results of up to 99.72% purity for materials like nickel, cobalt, and manganese generated from disassembled electric vehicle battery packs. It is all part of a US government project, which was announced in March last year, which is focused on creating a multi-year project that focuses on developing a circular economy for lithium-ion batteries.
LiteLink Technologies Inc () (OTCMKTS:LLNKF), the Canadian software company, has struck up a non-binding letter of intent with Control Union Guatemala S.A., which will pave a path for it to widen its reach in Central and South America. The new pact includes a joint marketing agreement to allow for the sale of LiteLink’s popular 1SHIFT Logistics platform – which enables brokers, shippers and carriers to track shipments and settle payments in real-time without having to micromanage drivers – across Latin America.
() (OTCMKTS:GLATF) is boosting its executive team with the addition of Ronald Halas as chief operating officer. The new COO has worked at major mining companies like Kinross, IAMGOLD, Vale and Placer Dome, which was acquired by Barrick. Halas has worked globally in Canada, Indonesia, New Caledonia, Suriname, Brazil, and Mauritania.
The Green Organic Dutchman Holdings Ltd. () (OTCMKTS:TGODF), announced that it has received the prestigious Leadership in Organic Farming Award from the Canada Organic Trade Association (COTA). The group said the award recognizes TGOD’s continued commitment to organic practices through the development of additional sustainability measures, sharing of knowledge with others, and mentorship. The Company has implemented a number of key initiatives to bolster its environmental, social and governance (ESG) program. Brian Athaide, CEO of TGOD commented: "Receiving this award validates the hard work and dedication of the team at TGOD and speaks to our promise of making life better for our customers and the communities where we do business. We would like to thank COTA for recognizing our efforts and commitment to sustainable organic cultivation."
mCloud Technologies Corp. () (OTCMKTS:MCLDF), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence and analytics, is pleased to announce that it has been recognized by the TMX as one of the top performers in the Technology sector on the TSX Venture Exchange. The TMX Group's annual performance ranking is based on three equally weighted criteria, including market capitalization growth, share price appreciation and trading volume. Russ McMeekin, mCloud president and CEO of mCloud commented: "It's an honour to again be named to the TSX Venture 50 and being a part of this exclusive group of industry leaders."
() said the TSX Venture Exchange has accepted for filing a binding memorandum of understanding, dated January 29, 2020, between it and vendor, RareX Ltd, whereby the company has acquired a 65% interest in six exploration licences in the Lachlan Fold belt, located in New South Wales, Australia, for a consideration of $175,000 in cash and 14.95 million shares.
’s () (OCTMKTS:ASDZF) William Ferreira has resigned as a director of the company, effective February 18. The company said it thanks Ferreira for his service and dedication to the company and its shareholders for the past six years.
NexTech AR Solutions Corp () (OTCMKTS:NEXCF), the leader in augmented reality for eCommerce and AR learning applications, announced Thursday that its CEO Evan Gappelberg will present live at VirtualInvestorConferences.com on February 20 at 10:30 am EST.