NA Proactive news snapshot: Altaley Mining, Sigma Lithium, Pathway Health, Talon Metals, ImagineAR …

A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires

Altaley Mining Corporation is an emerging multi-mine producer in Mexico, which has transformed in the past year, and has near-term catalysts that could potentially re-rate the stock. That’s the view of Red Cloud Securities, which recently carried out a site visit at the firm’s Campo Morado mine and Tahuehueto projects – both wholly-owned polymetallic assets. Operational improvements at the former and first production from the latter are key to a potential re-rating, noted its analysts. Campo Morado is already a producer, having restarted operations in January 2020 due to the improved zinc price. Altaley is now looking at expanding the plant to over 3,000 tpd by adding a flotation circuit but it is also investigating technologies to boost base and precious metal recoveries, said Red Cloud. Meanwhile, at Tahuehueto, construction was well underway with underground development around 90% complete and a 1,000 tpd processing plant around 80% finished, said analysts. Red Cloud said it expected the mine to begin initial production near the end of 2021 at a throughput rate of 500 tpd which would ramp up over H1/22 to 1,000 tpd with commercial production anticipated to be declared in the third quarter of 2022.

Sigma Lithium Corporation has announced that funds and accounts managed by BlackRock (NYSE:BLK) will make an additional total investment in the company of approximately C$64.2 million, increasing the size of its previously announced non-brokered private placement of common shares to approximately C$136.7 million. The company said it now intends to issue from treasury a total of approximately 11,634,137 common shares, up from the approximately 7,234,042 shares previously announced, still at C$11.75 per share. Previously, it targeted raising total funds of about C$85 million. Sigma, which is dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium, expects to use the net proceeds of the offering to fully-fund the construction of its phase 1 production plant and mine, further develop phases 2 and 3 of its wholly-owned Grota do Cirilo project in Brazil, and for general corporate purposes.

Pathway Health (TSX-V:PHC) Corp said its shares began trading today (December 17) on the Frankfurt Stock Exchange (FSE). “Listing on the Frankfurt Stock Exchange will provide Pathway Health with direct access to the European capital markets and an opportunity for the company to increase trading liquidity and facilitate investment by expanding our shareholder base,” said Ken Yoon, CEO of Pathway Health in a brief statement. The integrated healthcare company began trading on the German exchange under the symbol ‘KL1’.

Amarillo Gold Corporation (TSX-V:AGC, OTCQB:AGCBF) reported that all the resolutions set out in the information circular for the 2021 annual and special meeting of shareholders passed. All director nominees including David Birkett, David Laing, Lawrence Lepard, Michael Mutchler, Rostislav Raykov, Antenor Silva, and Rowland Uloth have been re-elected to serve for the coming year. The shareholders also reappointed MNP LLP chartered accountants as the company’s auditor, reapproved the stock option plan and reapproved the restricted share unit plan. Amarillo is advancing two gold projects located near excellent infrastructure in mining-friendly states in Brazil. The development stage Posse Gold Project is on the Company’s Mara Rosa Property in Goiás State.

LexaGene Holdings Inc (TSX-V:LXG, OTCQB:LXXGF), a molecular diagnostics company that has commercialized an instrument for automated multiplex PCR testing, has announced the results of voting at its 2021 Annual General Special Meeting held on December 16, 2021, where shareholders unanimously approved all items put forward by the board of directors and management. These included setting the number of directors to be elected at five; the appointment of RSM US LLP as auditor of the company for the ensuing year; the adoption by the company of new articles; to increase the number of common shares available for conversion of restricted share units; and to increase the number of common shares available for the exercise of options. A total of 50,094,097 common shares were voted at the meeting, representing 41.97% of the votes attached to all outstanding common shares of the company.

Marble Financial Inc said it has closed its previously announced non-brokered private placement. In connection with the closing of the second tranche of the offering, the company issued 4,755,384 units at a price of $0.13 per unit for gross proceeds of $618,200. The company paid a total of 122,780 finders’ units to certain finders. The Vancouver, British Columbia-based company said that the cumulative total gross proceeds raised in the private placement were $2,000,000.Marble Financial further noted that the net proceeds received by the company from the offering are intended to be used to help fund sales and marketing programs for Marble Connect, further development and launch of Credit Beacon and Credit Meds on the MyMarble platform; and development and launch of the MyMarble Mobile App. The proceeds will also be used for expansion of the MyMarble Platform through its existing partnership agreements in the USA market, and general working capital and corporate purposes.

Talon Metals Corp has outlined next year’s exploration plans for its Tamarack joint venture nickel project in Minnesota, US, where it will focus on completing a pre-feasibility study and aim to show that the large land package has “district’ scale potential. The company has developed its own ‘in-house’ team of drillers and geologists, which, it says, means exploration costs can be ‘significantly reduced’, and in the first half of 2022, it expects to finish exploration drilling around the margins of the Tamarack zone – the resource area. More surveying and imaging will also be completed, while after that, drill rigs will test the massive sulphide targets of the larger Tamarack Intrusive Complex. “Over the last year, our in-house team and drilling assets consistently delivered high-grade nickel-copper mineralization at the Tamarack Nickel Project,” the company’s vice-president of exploration Brian Goldner told investors in a statement.

ImagineAR Inc announced that LaLiga professional football league client Valencia CF has launched its first Augmented Reality (AR) experience with the ImagineAR SDK platform fully integrated with their mobile app this holiday season. The company said its agreement with the Spanish football team makes Valencia CF the first LaLiga club to incorporate AR into interactions with fans and sponsorship activation. Valencia CF has begun selling this year’s Christmas Jumper in VCF official stores, enabling fans to support their team with a festive garment. 

Zinc8 Energy Solutions (CSE:ZAIR) Inc told investors it has engaged global engineering, architecture and consultancy firm Ramboll Americas Engineering Solutions Inc to investigate potential manufacturing sites in the state of New York. Additionally, Zinc8 said it has engaged cleantech expert Robert F. Parker as an advisor to its board of directors for the New York market. Ramboll will provide engineering consulting services in support of the evaluation of three potential sites that Zinc8 said it identified in a coordinated effort with Empire State Development. Its scope of services includes site-related information compilation, identification of permits and approvals, preliminary code review, ‘red flag’ analysis and recommendations, the company added.

Harbor Custom Development Inc told investors that it anticipates accepting Bitcoin and 12 other digital currencies as payment for its listed land, developed lots, residential homes, condominiums, and apartments in its operating markets in Washington, California, Texas, and Florida beginning January 24, 2022. The Gig Harbor, Washington-based company said in addition to Bitcoin, it will also accept Ethereum, USD Coin, XRP, Dogecoin, SHIBA INU, Binance USD, Wrapped Bitcoin, Litecoin, Dai, Bitcoin Cash, Pax Dollar and Gemini Dollar. Before the January 24, 2022 launch date, it said it may add or subtract certain digital currencies from the current approved list, based on market conditions. All real estate transactions will be settled in US dollars, the company added. 

EverGen Infrastructure Corp (TSX-V:EVGN) has said it is providing aid in the flood relief efforts in Abbotsford, British Columbia following the devastation caused by a period of intense rain in mid-November. The Vancouver-based company said that it has been working closely with the Ministry of Agriculture, Ministry of Environment and the City of Abbotsford to support the region’s clean-up efforts by processing organic waste generated by the flood. EverGen’s composting and organic processing facility, Net Zero Waste Abbotsford (NZWA) located at Gladwin Road, Abbotsford, was one of few that remained open following the flood, mainly due to the efforts by site staff who managed the floodwaters and helped NZWA stay operational throughout. 

The Good Shroom (TSX-V:MUSH) Co Inc said its wholly-owned subsidiary and licensed cannabis processor, operating as Seul CBD, has received its first purchase order from the Société Quebecoise du Cannabis (SQDC) for its Nordique Royale and Velada hash brands. The company said the purchase order is worth over $100,000 and the goods will be shipped just in time for the holidays, adding that its hash line will be offered at more competitive prices with the same or higher cannabinoid content of top-selling products. Comprised of three products to begin, the company said it will offer Le Choix du Nord, a glossy and malleable hash; Afghan Gold, a matte textured hash; and Équilibré, a light flavoured hash with a THC:CBD ratio of 1:1.

World Copper Ltd (TSX-V:WCU, OTCQB:WCUFF) has told investors that it is poised for “sustained growth” in 2022 as it plans the next phase of drilling at its flagship Escalones project in Chile, and advances exploration at its new Zonia project in Arizona. In a corporate update, CEO Nolan Peterson said it was an “exciting time” for the company, while he reflected on a busy past year which saw World Copper debuting successfully on the TSX Venture Exchange in January. “While we all prepare for the upcoming holiday season and time with our families and loved ones, rest assured that our tireless efforts to build World Copper continue unabated,” said Peterson.

Real Luck Group Ltd (TSX-V:LUCK, OTCQB:LUKEF) has announced that William Moore has joined the company as chief financial officer, replacing Ran Kaspi who is stepping down. Moore will be leading Real Luck’s subsidiary Luckbox after leaving his position as a chief financial officer at Markor Technology, a B2B gaming company. “We are delighted to welcome William to the Luckbox team at an exciting time for the company as we target strong growth in 2022,” said Luckbox CEO Thomas Rosander in a statement. “We intend to launch our casino during this quarter, paving the way to ramp up our player acquisition efforts early in the new year. William, with his vast and relevant experience at established Igaming companies, is the perfect fit to strengthen the team as we embark on this next phase of the company’s story.”

Mednow Inc (TSX-V:MNOW, OTCQB:MDNWF) said the TSX Venture Exchange has accepted for filing a share purchase agreement dated November 18, 2021, between Mednow Pharmacy ON Inc., a subsidiary of Mednow Inc (TSX-V:MNOW, OTCQB:MDNWF)., Infusicare Canada Inc., Maplejack Health Ltd., Meers Family Trust and Campusano Reyhany-Bozorg Ragheb Grisolia Pharmacy Professional Corp., whereby the company is to acquire all of the issued and outstanding shares of Infusicare from the vendors for $1.85 million in cash. The acquisition is a non-arm’s-length transaction.

American Eagle Gold Corp (TSX-V:AE) said the TSX Venture Exchange has accepted for filing an option interest acquisition agreement dated December 10, 2021, between the company and 1302580 B.C. Ltd., the vendor (Jeremy Gillis and Bernard Kreft), whereby the company has been granted an option to assume all rights and interest that the vendor holds in the Nakinilerak property, located in British Columbia. The property is subject to an underlying option agreement dated April 28, 2021, between the vendor and Bernard Kreft who shall retain a 2% NSR royalty with respect to the property.

Todos Medical Ltd has announced that it’s CLIA/CAP certified lab has launched the ‘Test & Tollovid’ Holiday Package for the Atlanta area. The Holiday Package is priced at $329 and includes one bottle of maximum strength Tollovid and one at-home saliva sample collection kit to be returned in a prepaid overnight FedEx (NYSE:FDX) envelope for a coronavirus (COVID-19) PCR test. For faster test results, customers can drop samples off at the lab during business hours. To order or get further details regarding the Holiday Package please visit

Nextech AR Solutions Corp has announced that its CEO Evan Gappelberg will present at the ‘Metaverse Platforms & Avatars’ virtual event being held today, December 17, 2021, at 1.00pm EST. Hosted by the VR/AR Association (VRARA), the event will showcase a full day of disruptive ideas and ground-breaking insights, innovations, and technologies by bringing together the most revolutionary minds and companies. Featuring representatives from Microsoft, Snap, HTC Vive, Google, and more, this high-profile event will provide Nextech with the opportunity to present its end-to-end Metaverse offering to a substantial attendee list as well as the opportunity for 1-on-1 networking with other speakers and VIP attendees. Registration Link:

Proactive Research has issued a note on Numinus Wellness Inc. Analyst Ed Stacey said he believes that “Numinus’ work with PSYBINA positions the company to become an early implementer of these therapies as and when regulations allow wider patient access.”

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