A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
PyroGenesis Canada Inc () () said Thursday that it had received payments totalling over $7.5 million under its contract with waste management company Drosrite International LLC. In March, PyroGenesis received an initial payment of C$1.4 million, kicking off a deal that licenses the Montreal-based company to manufacture and sell aluminum dross processing DROSRITE systems and technology to Saudi Arabia and other Middle Eastern countries. Aluminum dross is a byproduct of smelting, that, with treatment, can be recycled. In a statement Thursday, CEO Peter Pascali confirmed the total payments received to date under the $25 million Drosite contract due to a “large number of inquiries” received from shareholders and investors.
Progressive Planet Solutions Inc (CVE:PLAN), a low-carbon cement products company, has received initial results from exploration work at its precious metal and natural pozzolan property in Heffley Creek, British Columbia. The company has commenced a systematic soil geochemical and outcrop sampling program, which will focus on precious metals. The program confirmed previously reported samples from February, revealing gold values of 0.16 and 0.05 parts per million (ppm) in the outcrop below the soil, and resampling of the soil horizon resulted in values of 0.28, 0.25 and 0.15 ppm, the company said. The exploration program is being led by Dwayne Melrose, a geoscientist with three decades of international mining experience in Central Asia, China, Africa, North America and South America. He is the former CEO of True Gold Mining and , the latter of which saw him oversee a positive preliminary economic assessment.
Vehicles Corp (NASDAQ: SOLO) announced Thursday that its latest SOLO electric vehicle retail location will draw crowds in suburban Portland, at Oregon’s well-known Washington Square Mall. The Vancouver-based firm is revving up the marketing of its all-electric SOLO, a three-wheeled single-passenger car by targeting key US West Coast markets which assiduously buy environmentally-friendly vehicles.The September 1 opening will mark the company’s second retail outpost at a Macerich-owned property following its successful debut at Scottsdale, Arizona’s Fashion Square in June. In the first few weeks of operation, the SOLO has generated “strong visibility” from both word-of-mouth and foot traffic, said the company.
Newgioco Group Inc () reported strong first-quarter results on Thursday that showed the gaming company swing to a profit compared to the year-ago quarter. Total revenue for the three-month period ended March 31, 2020 increased to US$10.2 million, up from the $9.3 million it put up a year earlier, while profit came in at $158,000 compared to the $3.1 million loss it posted in the first quarter of 2019. In a statement, Newgioco attributed the jump in revenue to the switch to online and mobile gaming from more traditional land-based venues, as well as the market’s adoption of the firm’s proprietary sports book solution.