Brookside Energy Ltd (ASX:BRK) is "delighted" by strong initial production testing results at Juanita Well in the company’s expanded Bradbury Area of Interest (AOI) within the Arbuckle Uplift – Ardmore Basin in Oklahoma.
Production testing of a sand within the Simpson Group, which is one of the company’s pre-drill primary target zones at Juanita, has delivered a peak production test rate of 329 Barrels of Oil Equivalent (BOE) (75% oil).
Kainantu Resources Ltd (TSX-V:KRL) CEO Matthew Salthouse told shareholders that the Asia-Pacific-focused resource company spend a busy first quarter putting the pieces in place to develop its portfolio of projects.
The Canadian firm’s focus during 1Q was on priority projects at Kili Teke and Ontenu/KRL South, it said in a statement.
Marvel Discovery and Falcon Gold have expanded the exploration project of the Golden Hope property in Newfoundland.
The parties previously announced the mobilization of field crews to the Golden Brook lithium prospect. Now, the exploration project has been expanded to include reconnaissance over the northwest portion of the Golden Brook property, which covers over 30 kilometers along the prospective Cape Ray Fault Zone.
MTB Metals (TSX-V:MTB, OTCQB:MBYMF) Corp announced that drilling has begun at the Red Cliff Gold project, which is operated by its joint venture partner Decade Resources Inc.
MTB holds a 1.35% NSR royalty and a 35% interest in the mine, which is located 20 kilometers north of Stewart in British Columbia.
Canada Silver Cobalt Works Inc (TSX-V:CCW, OTCQB:CCWOF) has announced that it is pleased the Ontario Legislature has approved Bill 71 containing changes to the Ontario Mining Act, which paves the way for regulations of the recovery permit.
The silver and cobalt project developer said the recovery permit will be a streamlined method to reprocess historic mine wastes, such as that contained in the Beaver Mine and Castle Mine stamp mill tailings.
Globex Mining Enterprises Inc announced that IAMGOLD Corporation has started open pit mining and processing gold ore from the Fayolle property in Quebec, on which Globex retains a 2% Net Smelter Royalty (NSR).
The company said IAMGOLD’s current 2023 production guidance for Fayolle is 10,000 to 15,000 gold ounces.
First Phosphate Corp. (CSE:PHOS) told investors it aims to complete the preliminary economic assessment (PEA) for Lac-à-l’Orignal in Quebec in 2023 so it can advance the flagship property to a feasibility study in 2024.
In a corporate update, the company said other milestones ahead for 2023 include the release of final results from the winter 2022 drill program at its Bégin-Lamarche property, followed by a summer drill program to reach National Instrument 43-101 readiness in 2024.
Kainantu Resources Ltd (TSX-V:KRL) told investors it has received subscriptions and/or commitments for C$1.4 million for its offering of a non-brokered private placement of senior convertible debentures.
While the gold mining company said this is sufficient for its current initiatives, it noted that the offering enables it to accept subscriptions for total proceeds of up to C$1.8 million.
PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) said it has received a signed order for five metric tonnes, or 5,000 kilograms (kg), of its plasma atomized titanium metal powders for 3D printing.
The company said it has already received a down payment from the client, an advanced materials company in the US. While it hasn’t named the client, PyroGenesis noted that they are unrelated to the global aerospace OEM (original equipment manufacturer) client for which it continues the qualification process to become an approved supplier.
Hillcrest Energy Technologies Ltd (CSE:HEAT, OTCQB:HLRTF) said it has successfully completed dynamic load bench tests involving its cutting-edge 250-kilowatt, 800-volt SiC inverter with a prominent European automotive original equipment manufacturer (OEM).
In an update to shareholders, the clean technology company said testing evaluated the impacts of Hillcrest's revolutionary Zero Voltage Switching (ZVS) technology on a high-power dynamic load using a high-efficiency motor of the European OEM, confirming the integration of Hillcrest's technology with their motor.
Soma Gold Corp. (TSX-V:SOMA) told investors it recorded the second-highest sales numbers in the company’s history in the first quarter of its financial year.
The company reported sales of 6,448 gold equivalent ounces (oz) for the three months to March 31, 2023, an increase of 52% from 1Q 2022.
Thor Exploration has maintained its production guidance for the current year at between 85-90,000oz gold weighted toward the second half despite what it says was a challenging first quarter
Sustaining costs will also be in the guidance range of between US$1,150 to US$1,350 per oz, it added, even though grades in the first three months dipped and there were difficult mining conditions in the Segilola Pit west wall.
Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) reported an uptick in cash in the first quarter of the year.
According to a statement, the gold miner had cash of C$2.5mln as of 31 March 2023, compared to C$2.4mln a year earlier.
CleanTech Lithium PLC (AIM:CTL, OTCQB:CTLHF), which is developing sustainable lithium projects in Chile, saw its shares nudge 5% higher after it unveiled promising results from its pump test programmes at Laguna Verde and Francisco Basin.
Furthering its efforts, it is also set to begin a brine reinjection test at Laguna Verde - a first in Chile's lithium sector.
accesso Technology Group PLC (AIM: ACSO), which has developed technology used by theme park operators and in the entertainment and cultural markets, has announced the successful agreement of a new banking relationship and facility with HSBC.
This US$40mln revolving credit facility has a four-year term, to May 2027, and is accompanied by a US$20mln accordion option which the group said it may utilise as it pursues its strategic plan into the mid-term. Numis acted as the debt advisor to the transaction.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has seen what it calls “an extremely important” result from the Carrizales Norte-1 (CN-1) well which in its first phase of production testing measured a peak rate of 1,222 barrels of oil per day (bopd).
The company, in a statement, gave details of the production test of the Ubaque formation which is one of three formations encountered in the CN-1 well that were selected for testing.
MGC Pharmaceuticals Ltd (LSE:MXC, OTC:MGCLF, ASX:MXC), a specialist in plant-inspired medicines, has announced changes to its board and UK advisers, reflecting a shift in its business plan.
Effective 1 June, chairman Brett Mitchell and non-executive director Nativ Segev will step down as the company moves its focus away from the medicinal cannabis sector towards a more 'pharmaceutical-centric' business strategy.
Spectra Systems Corporation (AIM:SPSY, OTC:SCTQ) has named Edward Spies as its chief financial officer, subject to the completion of due diligence by its nominated adviser.
Spies has over 25 years of accounting and finance experience, the brand protection and gaming security software firm said in a statement.
Sirius Real Estate Limited said it completed the early refinancing of its €58.3mln debt facility with Deutsche Pfandbriefbank seven months before the due date.
A statement from the owner and operator of business and industrial parks said the refinancing comprises a seven-year €58.3mln facility with a fixed interest rate of 4.25%.
Eden Research PLC (AIM:EDEN, OTCQB:EDNSF) has applied for EU authorisation of its new product, Ecovelex, developed in collaboration with Corteva Agriscience, which will also be the distribution partner for the innovative new product.
It is poised to enter the seed treatment market as an alternative to conventional chemicals, currently facing prohibition in Europe. A UK application will follow soon.
Immuron Ltd (NASDAQ:IMRN, ASX:IMC) has received US Army Medical Research and Development Command (USAMRDC) Office of Human and Animal Research Oversight (OHRO) approval to proceed with a clinical trial to evaluate the efficacy of Travelan® to prevent infectious diarrhoea caused by enterotoxigenic Escherichia coli (ETEC).
The approval allows Immuron to proceed with the Travelan® Controlled Human Infection Model (CHIM) Clinical Trial in the United States and recruitment and screening of healthy volunteers has been initiated.
Prominent player in the energy sector Empire Energy Group Ltd (ASX:EEG, OTC:EEGUF) today farewelled chairman and non-executive director Paul Espie AO. The change in leadership was confirmed at the conclusion of Empire's Annual General Meeting today.
Espie, who has been with the company since 2018, was highly regarded for his leadership and substantial contribution to the organisation.
Incannex Healthcare Ltd (ASX:IHL, NASDAQ:IXHL), a pharmaceutical company developing cannabis-infused drugs and psychedelic-assisted psychotherapy protocols, has welcomed three world-renowned psychedelic therapy and science experts to its Clarion Clinics Group Advisory Board.
The Clarion Clinics Groups Pty Ltd is a collaborative venture between Incannex and three leading Australian psychedelics experts - Dr Paul Liknaitzky, Professor Suresh Sundram and Sean O’Carroll.
Galileo Mining Ltd (ASX:GAL, OTC:GLMGF) has intersected wide sulphide zones continuing north of the Callisto palladium-nickel discovery along a prospective five-kilometre target horizon within the Norseman Project in Western Australia.
The highlight is drill hole NRDD423, which returned a major intersection over 100 metres north of the previous drilling, including 54 metres at 0.60 g/t palladium 0.12 g/t platinum, 0.03 g/t gold, 0.12% copper and 0.18% nickel from 493 metres. This included a higher grade interval of 10 metres at 1.27 g/t 1.02 g/t palladium, 0.19 g/t platinum, 0.05 g/t gold, 0.19% copper and 0.25% nickel from 515 metres.
Alkane Resources Ltd (ASX:ALK) has snapped up two new tenement packages in New South Wales, both considered to have potential to be world-class gold-copper porphyry deposits.
The Department of Regional NSW, Mining, Exploration and Geoscience (MEG) has approved the transfer of titles of the two exploration tenement packages from Sandfire Resources Ltd to Alkane.
SWMBRD Sports has announced the engagement of Liam Greenlaw as a consultant for a 12-month term. Greenlaw, a renowned creative director, will receive 400,000 RSUs and a cash fee of $10,000 per month after the initial two months, subject to agreement with the company. Additionally, the company has enlisted Ketchum, Killum & Wynn Creative Inc. to provide website design, development, and support services, in exchange for 100,000 RSUs. In total, 500,000 RSUs have been awarded to Greenlaw and KKW Creative, with immediate vesting and a hold period of four months and one day.
Tocvan Ventures has announced that the 5 million common shares it received from the sale of the Rogers Creek Property to Cascade Copper Corp. will be distributed to Tocvan shareholders as an in specie dividend in the form of Cascade common shares. The dividend will be issued in June to all registered Tocvan shareholders holding 7.9852 Tocvan shares for each Cascade common share they receive. Fractional shares will be rounded down to the nearest whole share. The dividend is expected to be issued in June.
MTB Metals Corp held its Annual General and Special Meeting on May 25, 2023, where shareholders voted in favor of all proposed management resolutions, including the election of director nominees and the re-appointment of auditors. The meeting also saw the endorsement of the company's New Equity Incentive Plan, which aims to promote long-term success, attract and retain eligible individuals, and align their interests with the company's. The plan is expected to contribute to the creation of shareholder value.
Rakovina Therapeutics Inc has successfully closed its non-brokered private placement, raising approximately $1.5 million in gross proceeds. The placement involved the issuance of unsecured convertible debenture units, with each unit comprising a convertible debenture and common share purchase warrants. The debentures mature in 30 months, accrue interest at a rate of 12% per annum, and can be converted into common shares at a price of $0.20 per share. The funds raised will be used for research and development expenses, particularly for advancing the kt-3000 dual function DNA-damage response inhibitor program, and for general working capital purposes.
Immunic Inc will be participating in two upcoming conferences in June. Firstly, at the Consortium of Multiple Sclerosis Centers (CMSC) Annual Meeting 2023, Dr. Robert J. Fox will present data from the open-label extension of Immunic's phase 2 trial of vidofludimus calcium in relapsing-remitting multiple sclerosis. The presentation will be available on Immunic's website. Secondly, members of Immunic's management and business development teams will attend the BIO International Convention in Boston to engage in partnering activities, and interested parties can schedule meetings through the partnering portal.
ACME Lithium Inc has shared that its CEO, Steve Hanson, will be attending the 121 Mining Investment Conference in New York City. The conference is scheduled for June 5th and 6th.
Cloud DX CEO, Robert Kaul is set to present at the Healthcare IT Virtual Conference Part II. The conference, presented by Maxim Group and hosted by M-Vest, will take place on June 1, 2023, starting at 9:00 a.m. EDT. The conference will be live-streamed on M-Vest. Interested individuals can sign up here: https://m-vest.com/events/healthcare-it-06012023.
Cloud DX CEO, Robert Kaul is set to present at the Healthcare IT Virtual Conference Part II. The conference, presented by Maxim Group and hosted by M-Vest, will take place on June 1, 2023, starting at 9:00 a.m. EDT. The conference will be live-streamed on M-Vest. Interested individuals can sign up here: https://m-vest.com/events/healthcare-it-06012023.
