News snapshot: Quebec Nickel, Fobi AI, Irwin Naturals, Sidus Space, Helix Biopharma, Burcon NutraScience UPDATE… – Proactive Investors USA

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Pharma & Biotech
Battery Metals
Pharma & Biotech
Battery Metals
15:30 Fri 09 Dec 2022

Analysts at Leede Jones noted that a qualitative study in a peer-reviewed research article validates the use of Perimeter Medical Imaging AI Inc’s (TSX-V:PINK, OTC:PYNKF) flagship wide-field Optical Coherence Tomography (WF-OCT) system for other indications, including head and neck tissue.
The research study published in JAMA Otolaryngology — Head and Neck Surgery was conducted at the Mount Sinai Icahn School of Medicine and included 53 adult patients.
Québec Nickel Corp (CSE:QNI, OTCQB:QNICF) told investors it has completed the closing of the first tranche of a brokered private placement of its stock that is targeting proceeds of up to $10 million. 
The Vancouver, British Columbia-based mineral exploration company said it issued a total of 9,575,000 units at $0.20 each; 4,433,367 National flow-through shares at $0.24 each; and 10,612,000 Quebec flow-through shares at $0.25 each.
Globex Mining Enterprises Inc said an option agreement between Azimut Exploration and KGHM International at Azimut’s Kukamas gold and copper property in the James Bay area of Quebec shows that the company’s own adjacent property is ideally situated.  
Under the option agreement announced on December 8, KGHM can earn up to a 70% interest in the property by paying Azimut $475,000 in cash payments and undertaking $6.4 million in exploration over six years.
IXICO PLC (AIM:IXI, OTC:PHYOF) told investors it has been selected by a leading global pharmaceutical company, and new client, to provide MRI imaging services for an early phase clinical trial in Multiple System Atrophy.
The company, in a statement, said it had signed a start-up agreement with the client and it is anticipated to extend to a contract value of approximately £0.6mln early in 2023.
Playgon Games Inc (TSX-V:DEAL, OTCQB:PLGNF), a software-as-a-service (SaaS) company delivering mobile live dealer technology to online gaming operators, revealed that it has signed a multi-jurisdictional software license and distribution agreement with EveryMatrix Software Limited.
According to Playgon, EveryMatrix is a top provider of iGaming software, solutions, content, and services for casino, sports betting, payments, and agent management to Tier-1 operators as well as to newer brands. The company has over 700 employees across 10 countries and serves more than 200 customers worldwide, including the US market.
Infinity Stone Ventures Corp (CSE:GEMS) told investors it has completed its four-hole, 800 metre (m), fall drilling program at the Rockstone graphite project near ThunderBay, Ontario, and hit massive graphite in all holes.
The initial aim was to confirm the initial discovery hole, which intercepted 25% graphite over 24m and the work means the overall strike length of the Rockstone graphitic unit is now around 80m and remains open along strike.
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc announced it has launched a new membership and loyalty platform for the beauty and health space, while also signing Van Isle Beauty Co as its first customer. 
The data intelligence company said it will earn revenue from the deal through an initial setup fee and ongoing monthly license fees for active passes. 
HighGold Mining Inc (TSX-V:HIGH, OTCQX:HGGOF) should trade at a premium compared to its gold mining peers on its high-grade bulk tonnage style of mineralization and the prospective nature of its larger land package in Alaska, according to Stifel GMP analysts.
In a note to clients, the analysts said the recently announced final assays from 2022 drilling at the Ellis Zone at the Difficult Creek prospect at HighGold’s flagship Johnson Tract project in Alaska, USA, continued to expand the project’s high-grade footprint.
AmeraMex International Inc (OTCQB:AMMX) announced that it has received equipment orders totaling $540,000. 
“The year is shaping up to be another great year for AmeraMex,” CEO Lee Hamre said in a statement. 
Irwin Naturals Inc. (CSE:IWIN) told investors it has completed the acquisition of the assets of Clare Clinic, Inc, doing business as Florida Mind Health Center, which operates three healthcare clinics in Florida, offering ketamine-assisted therapy, NAD+ and other IV therapies.
The company said the clinics, located in Gainesville, Tallahassee and Panama City, will join Irwin Naturals Emergence, a fast-growing national chain offering psychedelic mental healthcare that now includes eight clinics in Florida.
Altaley Mining Corp told investors that a review of the miner by new CEO and experienced executive Mike Struthers has now been completed, which has identified “robust, deliverable” production plans for 2023 at both its Mexico assets. 
“The CEO review was an important introduction to the company, to gain a full understanding of the status of the operations and projects, administrative and financial functions and controls, organizational strengths, and weaknesses, etc. I’m pleased to say that this is now completed,” said Struthers, who was appointed on September 12 this year. 
Sidus Space Inc (NASDAQ:SIDU) has said it recently signed an agreement with Exolaunch to use its CarboNIX separation system to deploy LizzieSat satellites during the LizzieSat rideshare missions with SpaceX in 2023 and 2024. 
The agreement includes comprehensive technical support that ensures safe, reliable LizzieSat microsatellite deployment.
Burcon NutraScience Corp (TSX:BU) has announced that its joint venture company, Merit Functional Foods Corporation has launched its first US Department of Agriculture (USDA) Certified Organic protein ingredient, Organic Peazazz C 850.
The developer of plant-based proteins for foods and beverages said organic pea protein ingredients are currently in high demand and in short supply. Merit’s new non-GMO (genetically modified organism) pea protein provides an excellent opportunity to meet the growing need for plant-based organic nutrition, the company noted.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) is set to be the recipient of an additional US$1mln of grant funding, as it signed an amended cooperation agreement as part of a research project backed by the US government.
The company has previously received US$2.1mln of grant funding supporting operations on the tate 16-2 well in 2020 and 2021, and, it has continued to work closely with researchers from Utah’s Energy & Geoscience Institute and the Utah Geological Survey.
Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) has said that during the month of November it mined 198 bitcoin or bitcoin equivalents (together, BTC) compared to 204 BTC in October 2022.
The AIM-quoted bitcoin miner said the decrease in BTC mined was primarily due to an increase in the Bitcoin network difficulty in November compared to October. 
Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF), the mining and mineral processing company which is focused on the development of the Broken Hill Cobalt Project in New South Wales, has now completed the processing of 4,200 tonnes of ore, yielding 680 tonnes of concentrate from the Concentrator Circuit.
The company said the grades of gravity circuit concentrate consistently averaged 4400 parts per million (ppm) cobalt during operations and the combined recovery for the concentrator circuit was typically 95%, exceeding the recoveries obtained in the 2020 Project Update (PFS level study) of 90%.
Lucky Minerals (TSX-V:LKY, OTC:LKMNF) has said its shareholders approved all resolutions presented to them at its Annual General Meeting held on December 6, 2022. This included approving the appointment of PricewaterhouseCoopers LLP as the company’s auditor for the ensuing year and authorizing the directors to set their remuneration, setting the number of directors at five for the ensuing year and approving the appointment of the following to serve as directors until the next annual meeting of the shareholders: François Perron, Robert Rosner, Blake Hylands, Shaun Dykes and Roy McDowall; approving the adoption of a new rolling stock option plan for which the maximum number of common shares which may be issued is 10% of the company’s issued and outstanding share capital at the date of grant. Disinterested shareholders also approved the Shares for Services Resolution under which the company may issue common shares of the company to Hubbard Perforaciones Ecuador Cia Ltda under a shares for services agreement.
Stuhini Exploration Ltd (TSX-V:STU) has announced that at the company’s Annual General Meeting held on December 7, 2022, shareholders voted to re-elect Anthony Fogarassy, David O’Brien, Fioravante Aliperti and Kazuki Nohdomi as directors of the company; re-appoint Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as auditor of the company, and approve the company’s new rolling 10% stock option plan.
Los Andes Copper Ltd (TSX-V:LA) said the TSX Venture Exchange has accepted for filing the company’s proposal to issue 10,172 shares to settle outstanding debt for US$104,568 (C$140,373) at a deemed value of C$13.80 with one creditor.
ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) said it has retained Simone Capital Corp in the capacity of Investor Relations and Capital Markets Advisory. Simone Capital will leverage its proprietary database to engage and coordinate roadshows with retail brokers, portfolio managers, analysts, and individual investors on the company’s behalf. Simone Capital is located in Toronto, Ontario and principally owned and operated by Anthony Simone and Matthew Benedetto In consideration for the services, Simone Capital will be paid C$6,500 per month for an indefinite term subject to termination on 30 days notice. Additionally, ACME said it has engaged Machai Capital Inc, located in Vancouver, British Columbia, for digital marketing services, branding, content creation, and data-optimization. In consideration for these services, Machai Capital will be paid C$12,500 per month for a six-month term.
Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQB:PNXLF) said it has granted 8,016,000 incentive stock options to directors, officers, employees and consultants of the company. The options are set for a period of five years, expiring on December 8, 2027, and each option will allow the holder to purchase a common share of the company at a price of $0.35. The options are subject to a 4-month hold period from the date of grant and to TSX Venture Exchange approval.
BlueRush Inc. (TSX-V:BTV) said it has affected the previously announced consolidation (of the company’s common shares on the basis of one ‎‎‎post-‎consolidation common share for five pre-consolidation common ‎shares held on December 8, 2022. The share consolidation was approved at the special meeting of shareholders of the company held on October 20, 2022, and the company’s board of directors subsequently resolved to complete the consolidation. The company said it anticipates that the common shares will commence trading, effective at the market open on December 19, 2022, on the TSX Venture Exchange on a post-consolidation basis. Immediately prior to the consolidation there were 170,501,086 BlueRush common shares issued and outstanding. Following the consolidation, the company has approximately 34,110,217 common shares issued and outstanding. No fractional common shares will be issued upon the consolidation.
Kenorland Minerals Ltd (TSX-V:KLD) said that Sumitomo Metal Mining Canada Ltd has issued to the company its intent to exercise its ‘top-up right’ and retain its 10.1% interest in Kenorland. An aggregate of 16,852 common shares at a price of $0.72 per share will be issued in accordance with the IRA, subject to the approval of the TSX Venture Exchange.
Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from its Battery and Precious Metals Virtual Investor Conference held on December 7th and 8th are now available for online viewing at The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company’s resource section. Select companies are accepting 1×1 management meeting requests through December 13th.
Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ) announced that it has engaged Arion banki hf and Landsbankinn hf to provide certain market-making services in respect of Amaroq’s Icelandic depositary receipts listed on the Nasdaq First North Growth Market in Iceland.
Universal Ibogaine Inc (TSX-V:IBO) announced that it has agreed to issue 350,000 company common shares, at a deemed price of $0.05 per share, as part of a settlement agreement related to a claim filed in August, 2021, by a former non-arm’s-length consultant to the company. The shares issued will be subject to a hold period of four months plus one day from the date of issuance and the issuance has been accepted by the TSX Venture Exchange, Universal Ibogaine said.
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