Posted by AGORACOM-JC
at 1:57 PM on Thursday, April 2nd, 2020
SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.
Bulls need to overcome 2,350: Palladium price analysis
Palladium has staged a major recovery after the popular metal received a strong boost from the Federal Reserve’s unlimited bond-buying program
Palladium price analysis highlights that a strong recovery from the 1,500 level has occurred
Palladium has staged a major recovery after the popular metal received a strong boost from the Federal Reserve’s unlimited bond-buying programme.
Palladium price analysis shows that the metal needs to overcome the 2,350 resistance level to keep the recent bullish momentum intact.
Palladium medium-term price trend
Palladium recently staged a strong recovery from just below the 1,500 level, after the FED’s QE programme boosted palladium prices.
Palladium price analysis shows that bearish MACD price divergence on the daily time frame has been completely reversed after the latest decline.
The daily time frame also shows that a bearish head-and-shoulders pattern played out to the downside, and reached its overall downside objective.
Drawing a Fibonacci retracement from the all-time price high to the March low, palladium is currently testing the 61.8 retracement of the mentioned sequence.
The 2,575 resistance level is the next major resistance area to watch if a breakout above the 2,350 level occurs, while failure to surpass the 2,350 level could result in a pullback towards the 50 per cent Fibonacci level, around the 2,180 level.
Saudi vs Russia oil price war
Palladium short-term price trend
Palladium price analysis over the short term shows that the price is consolidating around the metal’s 200-period moving average, around the 2,300 level.
The one-hour time frame is currently showing that a large amount of bearish MACD price divergence has formed during the latest rally.
Looking more closely at the bearish price divergence, the MACD price divergence extends down towards the 1,700 level.
Failure to gain traction above the 2,300 level could result in a drop towards the 1,700 level, which would reverse the bearish MACD divergence.
Palladium technical summary
Palladium price analysis highlights that a strong recovery from the 1,500 level has occurred. The lower time frames are warning that bearish MACD price divergence extends down towards the 1,700 level.
Posted by AGORACOM-JC
at 1:27 PM on Thursday, April 2nd, 2020
SPONSOR: Tartisan Nickel (TN:CSE) Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information
Have the next crop of battery metals producers been oversold?
Could a large global recession as a result of the COVID-19 crisis alter the consensus long term outlook for battery raw materials like lithium, cobalt, graphite, nickel and copper?
No, says CRU Group senior analyst George Heppel. Irrespective of temporary recessions or market downturns, electrification of the global automotive sector remains “inevitable†in the long run.
Right now, COVID-19 is freezing the embryonic battery supply chain. But for the next crop of battery metals producers — impacted by the broader share market rout — ‘deals and discussions’ are very much continuing behind the scenes.
The short-term outlook for the lithium-ion supply chain, like everything else, is uncertain. Could a large global recession as a result of the COVID-19 crisis alter the consensus long term outlook for battery raw materials like lithium, cobalt, graphite, nickel and copper?
No, says CRU Group senior analyst George Heppel. Irrespective of temporary recessions or market downturns, electrification of the global automotive sector remains “inevitable†in the long run.
“Investment in e-mobility reduces CO2 emissions, improves air quality and will eventually make a huge amount of financial sense to the average consumer as battery costs decline and manufacturing scale ramps up,†he says.
The future remains bright for high quality battery facing stocks, especially those placed to take advantage of the next upsurge in demand in 2022/2023.
In the short-term, Heppel says the automotive sector – and EVs by extension – are experiencing a reduction in demand due to quarantine.
“Many consumers in key markets can’t leave their house for non-essential reasons right now, let alone buy cars,†he says.
“We have heard reports that 85 per cent of automotive manufacturing capacity in Germany is currently idle as a result of the pandemic.
“However, in theory this should create ‘pent up demand’ which is released when quarantines are relaxed.â€
Ongoing economic uncertainty will also hinder attempts to push new battery metals projects into production in the short-term, Benchmark Mineral Intelligence analyst Andrew Miller says.
“As a result, the potential for a supply crunch over the coming years will increase – money needs to go into new expansions today to fuel the growth in EV production in 2022/23 onwards,†he says.
Battery focused nickel sulphide play Blackstone Minerals (ASX:BSX) agrees that supply will tighten due to the reduced funding into new projects going forward “which will reduce the supply of nickel (particularly from laterites) and only increase the gap between supply and demandâ€.
“Tread carefully, but I believe now is the time to be buying those mining stocks you’ve been watching for months,†Blackstone managing director Scott Williamson told Stockhead.
“I can’t see the junior battery metals miners getting any cheaper than they are today.â€
“What was meant to be the year battery demand diversified outside China may now see China play a more important role than ever before,†he says.
“There are also expectations that EVs will be included in the country’s stimulus efforts which could bolster the long-term outlook.â€
China moving to insulate domestic #EV market as the country’s supply chain ramps back up following Q1 slowdown. More of these types of policies likely to follow over coming months: https://t.co/XUea3iteT5
Advanced explorer AVZ Minerals (ASX:AVZ) is driving the mammoth Manono project in the DRC toward a development decision.
As part of that process, it is aiming to lock in a lithium offtake and strategic investment deal with Chinese firm Yibin Tianyi.
Yibin Tianyi is set to become a key cog in the supply chain of Contemporary Amperex Technology (CATL), the world’s biggest lithium-ion battery maker.
AVZ managing director Nigel Ferguson told Stockhead the company had seen “increased and faster responses†out of the companies they were talking to in China over the last few weeks.
“They appear to be re-awakening after the significant lock downs there,†he says.
“OEM/car manufacturers are committed to their EV plans, and while the current events are certainly causing disruptions, I have not heard of any OEM changing its long-term EV growth plans.
“For AVZ, with our significant long-life, high-quality resource underpinned by the EV thematic, the future is very bright. Current share price values certainly do not represent that.â€
Posted by AGORACOM-JC
at 7:38 AM on Thursday, April 2nd, 2020
LOTTE has chosen the Company to be one of its preferred vendor partners
Every year LOTTE chooses 10 of its top vendor companies to put on their preferred partners program
Vendors on this platform have demonstrated quality, reliability and trustworthiness.
TORONTO, April 02, 2020 — Datametrex AI Limited (the “Company†or “Datametrexâ€) is pleased to share that LOTTE has chosen the Company to be one of its preferred vendor partners.
Every year LOTTE chooses 10 of its top vendor companies to put on their preferred partners program. Vendors on this platform have demonstrated quality, reliability and trustworthiness. Once on this platform, a company can receive payments in full for contracts within two weeks of a purchase order. For companies that are part of the preferred vendor group, LOTTE has created a growth fund of approximately $200M USD. This fund is used to create joint venture (JV’s) companies with preferred vendors or to co-bid on contracts of significant size as a way to sponsor their preferred vendors.
In addition to creating JV’s, LOTTE also offers its preferred partners loans bearing minimal interest rates to support their growth. The current rate at approximately 3%. Datametrex is pleased to share that it is currently in the process of creating a JV with LOTTE for Government related contracts. As a direct benefit of Datametrex inclusion in this program, the Company is eligible to borrow up to $500,000 CAD per quarter.
“Being chosen to participate in the preferred vendor program with LOTTE is a validation of the quality of work our team is providing to LOTTE. It also assists greatly with cash flow and the fact that we can apply for such a low interest rate loan removes any financing risk for the Company,†says Marshall Gunter, CEO of the Company.
About Datametrex AI Limited
Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Additional information on Datametrex is available at: www.datametrex.com
For further information, please contact:
Marshall Gunter – CEO Phone: (514) 295-2300 Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.
Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Posted by AGORACOM-JC
at 5:13 PM on Wednesday, April 1st, 2020
When US Government Agencies call you in the middle of the greatest health and economic crisis in 100 years, it is safe to assume your Artificial Intelligence capabilities to detect fake news, disinformation campaigns and their impact is amongst the most respected in the world.
You would expect such a company to be a tech giant or a Silicon Valley project. But Datametrex AI (DM: TSXV) (Soon To Be Nexaology) is a great Canadian small cap technology company, that has also achieved the following as of late:
Q3 Revenues Of $1.6 million, an increase of 186%
9 Mont Revenues Of $2.56M an increase of 37%
Repeat Contracts Of $1M and $600,000 With Korean Giant LOTTE
$954,000 Contract With Canadian Department of Defence To Fight Social Media Election Meddling
Participation In NATO Research Task Group On Social Media Threat Detection
Becoming an affiliate member of the Carnegie Mellon University Center for IDeaS
When a small cap Artificial Intelligence company is successfully deploying its technology with military and conglomerates, smart investors have to take a closer look.
That look can begin with our latest interview of Datametrex CEO, Marshall Gunter, who talks to us about the use of the Company’s Artificial Intelligence by US Government Agencies to detect misinformation campaigns against the United States by foreign entities.
Watch this interview on one of your favourite screens or hit play and listen to the audio as you drive.
Posted by AGORACOM-JC
at 11:49 AM on Wednesday, April 1st, 2020
SPONSOR: CardioComm Solutions (EKG: TSX-V) – The heartbeat of cardiovascular medicine and telemedicine. Patented systems enable medical professionals, patients, and other healthcare professionals, clinics, hospitals and call centres to access and manage patient information in a secure and reliable environment.
mHealth Project to Crowdsource Consumer Data for Coronavirus Research
UCSF researchers are deploying an mHealth app to gather information on daily health habits
They’re hoping to gain insight on how behaviors might affect the course of the virus or outcomes in those who are infected
March 31, 2020 – mHealth researchers are using smartphones to crowdsource Coronavirus research.
The University of California at San Francisco has launched COVID-19 Citizen Science (CCS), a project aimed at gathering insights from people around the world on the virus. Participants are being asked to download an mHealth app, complete a survey about their daily health habits, complete a weekly follow-up survey and pass it on to friends.
“We are asking each participant to share the link to recruit at least five others,†Gregory Marcus, MD, MAS, a professor at UCSF’s Department of Medicine and the project’s co-leader, said in a press release. “We want to demonstrate that the number of people signing up for this scientific study and contributing their data can increase exponentially, faster than the disease itself.â€
Participants will also be able to provide continuous GPS data and information from mHealth wearables, such as Fitbit activity bands and smartwatches.
(For more coronavirus updates, visit our resource page, updated twice daily by Xtelligent Healthcare Media.)
Marcos is no stranger to telehealth projects. In 2013 he helped to launch the Health eHeart Study, which used online and mHealth tools to collect and analyze heart health data. That, in turn, led to the launch of a study in 2018 that combined mHealth wearables with AI to determine whether a cardiac monitoring platform could help detect early signs of diabetes.
Marcos says CCS aims to identify behaviors, influences and factors that might affect the course of the virus and outcomes after infection, and he feels the study could be the largest-ever prospective epidemiological study of infectious diseases.
“Social distancing keeps many protected,†he said, “but joining together to contribute data will help us beat this thing.â€
Posted by AGORACOM-JC
at 11:21 AM on Wednesday, April 1st, 2020
SPONSOR: BetterU Education Corp. aims to provide access to quality education from around the world. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. betterU / Ottolearn launch FREE COVID-19 mobile resource toolkit to fight the global crisis – Click here for more information.
The Past, Present And Future Of Edtech Startups
Between January 2014 and September 2019, more than 4,450 edtech startups have been launched in India
An analysis of China’s current state of startup ecosystem will have very few but clear winners, one of which is the edtech sector. In India too, with the nationwide lockdown, there is a sudden surge in demand for edtech startups even as others are struggling to find a way out. Ecommerce and edtech are two sectors that may survive this rock phase, say experts.
However, as of now, it will not be wrong to say that edtech is yet to gain mass traction. Despite the launch of 4,450 edtech startups in the country, India has only one unicorn in the sector, BYJU’s, with a $5.7 Bn valuation. In fact, as we have mentioned in our earlier reports, BYJU’s also had to spend a good ten years to reach the valuation. The startup worked in stealth mode from 2011 to 2015 and the app was launched only in 2015.
For new entrepreneurs in the space, staying afloat has been all the more difficult. There is still a lack of warm reception for tech in India and many other countries. What a classroom can offer in terms of interpersonal skills, is something tech may not be able to replace, say educational experts.
“In our view, the failure rate for edtech startups is comparable with any other sector. Given that education is a high-involvement category and a career-affecting service, tech adoption is usually lower compared to other services and products. Hence, edtech startups can take more time to scale up than in some of the other categories,†Pranjal Kumar, CFO and head of education fund at Bertelsmann, told us earlier.
Funding And M&As In Edtech
According to DataLabs by Inc42, between January 2014 and September 2019, more than 4,450 edtech startups have been launched in India. However, 25% of startups have shut shop while only 4.17% of startups have raised funds. BYJU’s grabbed 65% of the total funding in edtech startups. The startups are, till date, finding it difficult to create a steady revenue stream.
To a great extent venture capitalists (VC) are playing an important role in helping the startup ecosystem, including edtech, largely considered futuristic. “VC investments have often been likened to rocket fuel or running on a treadmill. When we come in and invest we want to see you grow 5x over the next 15-18 months and keep that momentum going after each round of financing,†said Sajith Pai, Director, Blume Ventures.
The VCs who have been supporting BYJU’S, Vedantu, Toppr and others in the Indian edtech industry to scale-up businesses would be as below:
Blume Ventures: Blume has made six investments in edtech at pre-series A and seed stage. The investments have been in an array of segments within edtech including online test-prep, gamified learning, B2B white label apps for coaching classes and others.
Sequoia Capital: Known to be very active in the fintech segment, with 13 deals in 2019, Sequoia grabbed 10 deals in the edtech sector in 2019.
Omidyar Network: The VC firm makes equity investments in early-stage enterprises and provides grants to nonprofits in education and others.
Nexus Venture Partners: The venture fund has backed startups such as Unacademy, Quizizz, WhiteHat Jr among others
SAIF Partners: Toppr and Unacademy are some of the key investments by the VC in the Indian edtech market so far
Accel Partners: They have invested in startups including Edupristine and Vedantu
InnoVen Capital: The two prominent companies funded by InnoVen India include BYJU’S and Eruditus
Other than the above, Helion Venture Partners, Indian Angel Network (IAN) and India Educational Investment Fund are some of the prominent funds in the sector.
The edtech ecosystem also saw Initial Public Offering (IPO), and mergers and acquisitions, the two of the most common exit strategies in any startup ecosystem. As per DataLabs’ The Future Of India’s $2 Bn Edtech Opportunity Report 2020 between 2014 and 2019, a total of 35 edtech startups underwent merger or acquisition. The report also states that the Indian edtech startup ecosystem has seen the participation of 28 active acquirers, 54% of which hail from the education technology sector itself.
Posted by AGORACOM-JC
at 10:18 AM on Wednesday, April 1st, 2020
Announced today that it has received US$400K (approx. CA $550K) under an exclusive agreement with a US based tunneling company
The Client’s name will remain anonymous for confidentiality and competitive reasons
“Yes, this is a new agreement. Yes, it has nothing to do with the pandemic. Yes, it can be executed under the current travel and work-from-home restrictions, and yes it has all the makings of a long-term relationship,†said Mr. Peter Pascali, CEO of PyroGenesis Canada Inc.
MONTREAL, April 01, 2020 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation†or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch systems, is pleased to announce today that it has received US$400K (approx. CA $550K) under an exclusive agreement (the “Agreementâ€) with a US based tunneling company (the “Clientâ€). The Client’s name will remain anonymous for confidentiality and competitive reasons.
“Yes, this is a new agreement. Yes, it has nothing to do with the pandemic. Yes, it can be executed under the current travel and work-from-home restrictions, and yes it has all the makings of a long-term relationship,†said Mr. Peter Pascali, CEO of PyroGenesis Canada Inc. “We are proud to be able to announce this relationship, particularly given the current environment where investors are more focused on multiple secure revenue streams. It is important to underscore the fact that this relationship was not born out of the current crisis and, as such, is expected to continue well after the pandemic is behind us.â€
In the scope of work, currently being defined under this Agreement, PyroGenesis will not only develop and supply high-powered plasma torches, specifically designed for tunneling applications, but will also be intimately involved in all aspects of design and development for the entire project. Upon success, the Client is committed to purchase exclusively, and PyroGenesis is committed to exclusively supplying, plasma torches and auxiliary equipment for these applications. The scope of work will be comprised of several phases, each defined by the results from the former. The Company has received an initial down payment of US$400K (approx. CA $550K) under this Agreement.
PyroGenesis’ high-powered plasma torch will be used to replace traditional tunneling methods. An important benefit in using plasma-based tools versus traditional methods, is its potential to drill through all geologies with greater flexibility in size diameter, while at the same time being more economical, efficient and environmentally friendly.
“This Agreement, once again, underscores our plasma torch expertise, and we are pleased to be applying it to a very unique and significant opportunity,†said Mr. Alex Pascali, Business Development Manager of PyroGenesis. “This highlights the fact that we not only sell plasma torches, but also provide the expertise required to develop cutting edge plasma-based applications. The Company continues to increase revenues and reduce risk by diversifying its customer base with a standard product offering. This is just one of many exciting developments at PyroGenesis these days.â€
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes and products. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2015 and AS9100D certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. For more information, please visit www.pyrogenesis.com.
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward- looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Corporation’s current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward- looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTCQB accepts responsibility for the adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc.
For further information please contact: Rodayna Kafal, Vice President Investors Relations and Strategic Business Development Phone: (514) 937-0002, E-mail: [email protected] www.pyrogenesis.com
Posted by AGORACOM-JC
at 7:29 AM on Wednesday, April 1st, 2020
Work done for the United States Government clearly identifies attempts by Chinese authorities to create a divide amongst Americans on how the administration and Trump are handling #COVID19
TORONTO, April 01, 2020 — Datametrex AI Limited (the “Company†or “Datametrexâ€) is pleased to share a summary of the work done for the United States Government and a link to the report which clearly identifies attempts by Chinese authorities to create a divide amongst Americans on how the administration and Trump are handling #COVID19. This work was commissioned by an agency for the United States Government and involved collecting and analyzing a massive amount of social media data. Â
Datametrex examined millions of social media documents over the last month tracking Chinese involvement in the online discussions surrounding the COVID-19 and coronavirus. Datametrex found significant attempts by both Chinese authorities and news agencies to manipulate the media and shift the blame for the COVID-19 outbreak to the United States. Additional attempts at media manipulation and narrative shaping included attempts to frame dialogue from US President Trump as racist and show the Trump administration as an impediment to the worldwide recovery from the pandemic while framing Chinese President Xi as a strong leader on the world stage.
“We are thrilled to be working with the US Government on this very serious topic, this report goes to show that social media warfare goes beyond attempts to tamper with elections as we clearly identified during the Canadian Federal Elections. The Company is open for business in the US and we look forward to working with more government agencies and corporate clients on disinformation, propaganda, fake news in social media,†says Marshall Gunter, CEO of the Company
Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Additional information on Datametrex is available at: www.datametrex.com
For further information, please contact:
Marshall Gunter – CEO Phone: (514) 295-2300 Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.
Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Posted by AGORACOM-JC
at 7:21 AM on Wednesday, April 1st, 2020
Announced that patient visits in corporate clinics increased by 593%% in March 2020 versus the same period in 2019,
total patient visits of 2,160 in March 2020 compared to 364 in March 2019
1Q 2020 patient visits increased by 478% versus the same period 2019, with total patient visits of 5,717 in 1Q 2020 compared to 1,196 in 1Q 2019.
VANCOUVER, BC / April 1, 2020 / EMPOWER CLINICS INC. (CSE: CBDT) (OTC: EPWCF) (Frankfurt 8EC) (“Empower” or the “Company”), a vertically integrated and growth-oriented life sciences company, is pleased to announce that patient visits in corporate clinics increased by 593%% in March 2020 versus the same period in 2019, with total patient visits of 2,160 in March 2020 compared to 364 in March 2019.
1Q 2020 patient visits increased by 478% versus the same period 2019, with total patient visits of 5,717 in 1Q 2020 compared to 1,196 in 1Q 2019.
“These are unprecedented times, yet our team members remain dedicated to supporting patients every day, at record levels, using new operational techniques and safety protocols” said Steven McAuley, Chairman & CEO of Empower. “I am so proud of our management, our staff’s willingness to adjust to changing times, and our commitment to the daily needs of patients.”
The Company has also entered into to a new tele-medicine service agreement that will provide access to our physicians across multiple states, offering current and new modalities to existing and new patients. Additional announcements about the Company’s digital health initiatives will be forthcoming.
The Company has also issued a total of 600,000 stock options priced at $0.05 CAD to investor relation service providers and to a Director of the Company.
ABOUT EMPOWER
Empower is a vertically-integrated health & wellness brand with it’s first hemp-derived CBD extraction facility under development, the Company produces its proprietary line of cannabidiol (CBD) based products and distributes products through company owned and franchised clinics, with wholesale partnerships, online channels and with new retail opportunities nationwide in the U.S. The company is a leading multi-state operator of a network of physician-staffed wellness clinics, focused on helping patients improve and protect their health, through innovative physician recommended treatment options. The company has commenced activity on how to connect its significant data, to the potential of the efficacy of alternative treatment options related to hemp-derived cannabidiol (CBD) therapies.
For French inquiries: Remy Scalabrini, Maricom Inc., E: [email protected], T: (888) 585-MARI
DISCLAIMER FOR FORWARD-LOOKING STATEMENTS
This news release contains certain “forward-looking statements” or “forward-looking information” (collectively “forward looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Forward-looking statements can frequently be identified by words such as “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “anticipates”, “estimates”, “may”, “will”, “potential”, “proposed” and other similar words, or information that certain events or conditions “may” or “will” occur. Forward-looking statements in this news release include statements regarding; the Company’s intention to open a hemp-based CBD extraction facility, the expected benefits to the Company and its shareholders as a result of the proposed acquisitions and partnerships; the effectiveness of the extraction technology; the expected benefits for Empower’s patient base and customers; the benefits of CBD based products; the effect of the approval of the Farm Bill; the growth of the Company’s patient list and that the Company will be positioned to be a market-leading service provider for complex patient requirements in 2019 and beyond. Such statements are only projections, are based on assumptions known to management at this time, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including; that the Company may not open a hemp-based CBD extraction facility; that legislative changes may have an adverse effect on the Company’s business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with the proposed acquisitions and partnerships; and other factors beyond the Company’s control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable laws.
Posted by AGORACOM-JC
at 6:11 PM on Tuesday, March 31st, 2020
SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.
Precious metals investors had an excellent 2019, with gold, silver, platinum and palladium seeing sustained growth over a 12-month period. Gold eclipsed the critical resistance barrier of $1,500 per ounce in September. Other metals saw even more impressive growth, but none more than palladium, the most valuable of the four major precious metals. Palladium, a lustrous platinum-group metal, saw a price increase of 59% on the year. Silver experienced a more modest gain of 15.3% over the same period, and platinum boasted a 21.6% year-end gain.
Overall, the 2019 precious metals market was a dream come true for investors.
As CEO of an international alternative assets firm, I’ve helped countless investors diversify their investment portfolios and 401(k)/IRA retirement accounts with precious metals. With the knowledge gathered from over a decade of experience, I’ve put together a list of metals with the best upside potential in the year ahead.
Silver: Modest Upside, Moderate Risk
Silver is perhaps the most unique precious metal. China is by far the world’s largest silver consumer due to its massive industrial economy and manufacturing sector, which utilizes silver in the production of solar panels, electric vehicle parts and more.
However, production slowdowns due to the spread of the novel coronavirus could limit industrial output and cause a decline in global silver demand. Ultimately, I predict that silver will remain a strategic metal with industrial applications that will likely see moderate price increases in 2020. The extent to which it increases will be dependent on the current pandemic and whether Chinese and U.S. leaders successfully negotiate a phase-two trade deal.
Gold: A Blue-Chip Holding
There’s little doubt that gold will perform reasonably well in 2020. I observed gold entering a bull market in 2019 due to increased geopolitical risk, U.S. economic uncertainty, low U.S. bond yields and a repo market scare. Today, many of those growth conditions remain in place.
The yellow metal thrives during times of global economic crises. Since the United Kingdom formally left the European Union (EU) on January 31, and U.S. President Trump’s trade agenda with China remains unclear, there is a high degree of uncertainty in the global economy. If the EU continues to unravel or if another constituent member signals its intention to leave, I expect gold prices to surge. Likewise, if the implementation of the phase-one U.S.-China trade deal is rolled back, we will likely see an uptick in the price of gold.
Other circumstances, such as a rapidly expanding repo market and the potential for further cuts to the federal funds rate, point to strong growth for gold in the year ahead. Debt loads are increasing among both corporations and governments, which also indicate growth potential for gold.
Platinum: A Riskier Investment
Platinum is coming out of an over seven-year bear market that saw its price stagnate amid consistent growth across all other precious metals. Despite being rarer than gold, platinum is used in a range of industrial applications, including in the production of satellite technologies and fuel cells in electric vehicles, as well as in healthcare instruments such as pacemakers.
Three-quarters of the world’s platinum supply is mined in South Africa. However, many of the leading mines in the country have been mired in controversy following human rights scandals and disruption by labor union action. How these controversies and disruptions will play out in 2020 will have an effect on the price of the precious metal.
At best, I expect platinum to see low to moderate growth in 2020. It’s more likely, however, that platinum prices will stagnate given low investment in South African mines.
Investing In Precious Metals In 2020
Overall, I conclude that the precious metals market in 2020 is looking up. The same forces responsible for last year’s jaw-dropping growth remain in place today, and analysts have no reason to suspect these conditions to change in the months ahead. Trade tensions, geopolitical escalation and equity market volatility point toward another year of growth.
This means it’s a good time for entrepreneurs to invest in gold and other high-growth precious metals. During times of great volatility and economic crisis, precious metals can add much-needed diversification to your portfolio so you can safeguard more of your wealth and weather the storm when traditional asset markets suffer and sales decline.
Gold will likely be the safest pick, followed by palladium, with silver a sleeper pick at third. I predict that gold will remain a safe haven store of value during economic and political uncertainty, which makes it a blue-chip investment in 2020 for those looking to achieve diversification and insulate their portfolio against stock and bond market volatility. However, more risk-tolerant investors may consider allocating a minority share of their precious metal allocation to palladium and silver as well.
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