NA Proactive news snapshot: Fidelity Minerals, Exro Technologies, American Battery Metals, Atlas Engineered Products, Silvercorp Metals UPDATE...
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Fidelity Minerals Corp ( ) (OTC:SAIDF) (FRA:S5GM) announced the closing of a previously announced non-brokered private placement in which the company issued 9,9 million units at $0.125 per unit for gross proceeds of $1,237,090. Roughly 1 million units were subscribed by Lions Bay Capital Inc, a control person, and 141,120 units were subscribed by management. Each unit consists of one common share and one transferable share purchase warrant exercisable at $0.15 per share until April 16, 2023.
Inc (CVE: EXRO), () CEO Sue Ozdemir told shareholders that the company had spurred innovation with its inaugural Coil Driver product, and is rapidly advancing several products towards commercialization. The Coil Driver works by expanding the capabilities of powertrains by enabling two separate torque profiles within an electric motor. The controller automatically selects the appropriate configuration in real-time so that power and efficiency are intelligently optimized. “As government regulations globally set standards for net zero carbon emissions, mobility manufacturers are looking for technology that will help to deliver the required performance in a cost-effective platform,” Ozdemir said in her annual shareholder letter.
(), which is in the process of changing its name to American Battery Technology Company (ABTC), announced that it has responded to the Department of Energy's Request for Information after the company outlined risks inherent in the current battery critical materials supply chain. ABTC said it has identified the recycling of lithium batteries using next generation extraction technologies as the fastest, most economical and environmentally-friendly way to increase domestic sources of critical battery materials.
Atlas Engineered Products Ltd () (OTCMTS:APEUF) posted fourth-quarter results that saw its revenue jump 22% year-over-year on the back of demand for its products and strength in the construction industry. For the period ended December 31, 2020, the Canadian wood truss and engineering company, reported revenue of $11,057,939, compared to $9,027,723 in the fourth quarter of 2019. “This increase represents the company's best fourth quarter to date,” said Atlas. Overall revenue for the year ended December 31, 2020 was $35,734,415, up 3%, compared to revenue of $34,763,527 for the year ended December 31, 2019, despite the coronavirus (COVID-19) pandemic.
China-focused miner () (NYSEAMERICAN:SVM) reported its 4Q and fiscal 2021 production results that were right in line with its 2021 guidance. During fiscal 4Q, the three-month period ended March 31, 2021, Silvercorp nearly doubled its silver output and saw marked increases in its lead and zinc levels compared to the year-ago quarter. Total production of silver was around 1.2 million ounces compared to 696,000 in 4Q 2020, while lead output came in at 12.2 million points compared to 7.8 million and zinc increased from 3.3 million pounds to 4.7 million in the current quarter.
Corp () (OTCPINK:NPEZF) (FRA:4NPB) has announced that an additional 1.9 square miles of private mineral land rights have been added to the Majuba Hill project in Nevada. The company said it has acquired an additional 1,200 acres of private mineral and surface rights, bringing the project to a total size of 15.1 square miles or 9,678 acres. Bam Bam added that this new land further centralizes control of the emerging porphyry copper district under its umbrella.
() (OTCMKTS:NEXNF) (FRA:NX5) announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the US. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a US company that manages the electronic clearing and settlement of publicly-traded companies. NEXE said DTC eligibility is expected to simplify the process of trading and enhance liquidity of its common shares in the US.
Empress Royalty Corp () () announced it has signed a US$5 million silver stream agreement for ’s () (OTCMKTS:SOHFF) (FRA:TSGN) Tahuehueto project in Mexico. The stream agreement covers 100% of the payable silver production from Tahuehueto for the first 1.25 million payable ounces, after which it is reduced to 20% of the payable silver output to a maximum of 10 years from first production, at which point, the streaming ends.
Esports Entertainment Group Inc () (FRA:40Y1) and its secure esports betting platform VIE.bet have partnered with Liquipedia.net, the world's largest esports wiki and an affiliate of top esports organization Team Liquid. The company said VIE.bet and Liquipedia will partner to create the most community-centric and responsible betting integration in esports, launching May 3, 2021. Through their alliance VIE.bet will be integrated into select Liquipedia pages, allowing Liquipedia's millions of monthly visitors to see betting odds and place bets through VIE while having a safe experience. By partnering together, Esports said Liquipedia and VIE.bet are able to instill safety mechanisms that ensure betting information is only shown to users of legal age in VIE's 150 whitelisted jurisdictions around the world (license in New Jersey pending). Betting information will be shown with visible guidelines on gambling safety, and users who prefer not to see sports betting odds will have the option to toggle them off.
Nextech AR Solutions Corp () () () (FRA:N29) announced full-year results, including significant revenue and profit increases. Revenue for the 12 months ended December 31, 2020, was $17.7 million, which represents an increase of 342% compared to the seven months ended December 31, 2019. The company reorganized its fiscal year to match the calendar year in May of 2019, hence the shorter period. Gross profit for the year was $9.9 million, more than quadruple the $2.3 million in profit from the seven months ended December 31, 2019. Working capital at the end of 2020 was $13.6 million.
Corp () () (FRA:18P) published a 2020 year-in-review document, highlighting the company’s significant progress toward its goal of producing the most sustainable battery materials and strong setup for growth and execution in 2021. "We are on a path to become the most sustainable producer of cobalt in the world and the only company capable of supplying battery-grade cobalt to the North American electric vehicle market," CEO Trent Mell said in a statement.
Corp () (OTCQB:RDGMF) (FRA:0GC0) has announced a non-brokered private placement to raise gross proceeds of up to C$2.5 million. In a statement, the company said the net proceeds will be used to advance its exploration program across its portfolio of four highly prospective gold-silver projects in the Carlin and Battle Mountain-Eureka Trends in Nevada, as well as for general corporate and working capital purposes. Ridgeline will offer up to 5 million units at $0.50 apiece, with each unit consisting of one common share and one-half of one non-transferable common share purchase warrant. Each warrant will be exercisable to acquire one share at $0.75 apiece for a period of two years from the closing date.
Harvest One Cannabis Inc () said the TSX Venture Exchange has accepted for filing a definitive agreement dated June 25, 2020, for the company to sell its United Greeneries licensed cannabis cultivation and processing businesses, located in Duncan, British Columbia, to Costa Canna Production LLP and 626875 B.C. Ltd., for a total cash consideration of $8.2 million. In connection with the agreement, there was a finder's fee in the amount of $253,000, payable to arm's-length finder Andreas Gedeon.
Loop Insights Inc () () has received TSX Venture Exchange approval and completion of its acquisition of mediahelden GmbH, doing business as Passcreator. Due to rounding, the number of common shares of Loop issued as consideration was revised to 1,301,425. Passcreator is a German wallet pass software company that offers clients a software as a service solution for mobile marketing. Compatible with wallet apps on both iOS and Android, Passcreator seamlessly integrates with existing marketing platforms, as well as supports the creation of new ones.
OTC Markets Group Inc (), operator of financial markets for 11,000 U.S. and global securities, announced that Corp () (OTCQX:DNCVF), a Mexico-based silver, gold, copper, and polymetallic exploration & development company, has qualified to trade on the OTCQX Best Market. Defiance upgraded to OTCQX from the Pink market. Defiance will start trading April 16 under the symbol "DNCVF." 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.
Virtual Investor Conferences and have announced the agenda for the upcoming KCSA Cannabis Industry Virtual lnvestor Conference on April 20. Individual investors, institutional investors, advisors and analysts are invited to attend. The program opens at 10:15 am ET, with the first live webcast at 10:30 am ET. Register at https://bit.ly/329Ti0Y. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There are no fees to log-in, attend the live presentations, or ask questions. Inc () () (FRA:7LV) and () (OTC:AUSAF) (FRA:AC4) will be among the cannabis companies presenting.
Midwest Energy Emissions Corp (), known by its trade name , reports that management will present at the Planet MicroCap Showcase that will take place virtually April 20-22. The Planet MicroCap Showcase virtual event brings together the most promising companies for three days of company presentations, one-on-one meetings and educational panels. CEO Richard MacPherson is scheduled to participate in one-on-one meetings with investors throughout the event and will host a virtual presentation as follows at 2 pm ET. A live audio webcast and archive of the event presentation will be available using the webcast link https://www.webcaster4.com/Webcast/Page/2059/40841 For more information on the Planet MicroCap Showcase, to schedule a 1-on-1, or to register for the event, please visit www.planetmicrocapshowcase.com.
DGTL Holdings Inc () () (FRA:A2QB0L) announced the availability of a broadcast titled, “Parabolic Growth Curve in Digital Media, Martech Sector Has Tech SPACS and Small Caps Booming.” To hear the AudioPressRelease, please visit: The NetworkNewsAudio News Podcast; To view the full editorial, please visit: https://nnw.fm/Ht8ys DGTL noted that these trends play to its strengths, as the company builds a portfolio of B2B enterprise SaaS in the digital media, martech, adtech and e-commerce sectors.
Ltd () (), doing business as Luckbox, announced that its CEO Quentin Martin will present the company's investment thesis to investors at the Planet MicroCap Showcase: VIRTUAL 2021 on Wednesday, April 21 at 8:30 AM ET. Martin will also host one-on-one investor meetings April 21 through April 22. Webcast: https://www.webcaster4.com/Webcast/Page/2059/40882; Registration:
Ltd. () () has announced that, further to its press release of April 12, 2021, its Annual and Special Meeting has been rescheduled to take place on Monday, April 19, 2021, at 11.00am EDT. Shareholders and proxyholders may access the meeting via teleconference by dialing 1-855-327-6838 from Canada or the United States. Due to the high turnout on Monday, April 12, 2021, shareholders are encouraged to call into the meeting at 10.45am EDT.