Agoracom Blog Home

Archive for the ‘All Recent Posts’ Category

Applied BioSciences $APPB – Appoints Judith Korner, M.D., Ph.D., as Inaugural Member of its Scientific Advisory Board for Applied BioPharma Division

Posted by AGORACOM at 8:57 AM on Thursday, September 12th, 2019
  • Leading endocrinology and metabolism academic expert with research focus in pathophysiology and treatment of obesity and type 2 diabetes
  • Robust business development initiative to build biopharmaceuticals pipeline underway with expectation to announce at least one in-licensing agreement before year end

BEVERLY HILLS, CA / ACCESSWIRE / September 12, 2019 / Applied BioSciences Corp. (OTCQB:APPB) (“Applied” or the “Company”), a vertically integrated company focused on the development of science-driven cannabinoid biopharmaceuticals and the production of high-quality CBD products, today announced the appointment of Judith Korner, M.D., Ph.D., to its Scientific Advisory Board for the biopharma business unit of the Company, Applied BioPharma.

“We are pleased to welcome Dr. Korner as a founding member of our Scientific Advisory Board. Over the course of 2019, we have been purposefully focusing our corporate and clinical strategies and the leadership surrounding those efforts. The establishment of our Scientific Advisory Board and the appointment of Dr. Korner as its inaugural member is another noteworthy milestone as we continue to establish Applied as a leader in the endocannabinoid biopharmaceuticals space. Dr. Korner’s expertise and insight will be invaluable as we continue to build a solid foundation from which we can launch future expansion and unlock the full potential of Applied BioPharma,” commented Dr. Raymond Urbanski, Chief Executive Officer.

Dr. Korner currently serves as Professor of Medicine in the Department of Medicine and Division of Endocrinology and Metabolism at New York Presbyterian/ Columbia University Irving Medical Center. Her area of research expertise is focused on the pathophysiology and treatment of obesity and type 2 diabetes. She currently has funding from the National Institutes of Health (NIH) to investigate peptide hormones that control hunger and food intake, particularly in association with bariatric surgery. She was the Principal Investigator of a NIH-funded trial to study the effects of leptin administration after gastric bypass surgery on body weight and neuroendocrine function and was the Principal Investigator at Columbia University of a multi-center randomized trial of medical management vs gastric bypass surgery for the treatment of diabetes. Dr. Korner is also the Director of the Weight Control Center at Columbia University Irving Medical Center that specializes in the medical treatment of obesity or excessive weight gain. She has published original research as well as chapters and review articles on weight regulation and obesity therapy, serves as Vice Chair of the Board of Directors of the American Board of Obesity Medicine, and is a member of several professional organizations including The Obesity Society, The Endocrine Society, The American Diabetes Association, The New York Obesity Research Center and the Diabetes and Endocrinology Research Center at Columbia University. She has shared her expertise in the field of obesity through on-site training and mentoring of students and junior faculty and presentations at conferences world-wide.

Dr. Korner added, “Applied has made great strides in laying a solid foundation for its corporate and clinical development. I am pleased to be an inaugural member of this Scientific Advisory Board for what I believe will be an important Company in the endocannabinoid biopharmaceuticals space. With the strategies in place and multiple near-term milestones ahead, I believe Applied has the potential to significantly impact areas of unmet need and I look forward to leveraging my expertise.”

Dr. Korner received her medical degree at the College of Physicians and Surgeons of Columbia University where she also obtained her Ph.D. in Biochemistry and Molecular Biophysics in the laboratory of Dr. Richard Axel. She completed her internship and residency in Internal Medicine, served as Chief Medical Resident, and completed her fellowship in Diabetes, Endocrinology and Metabolism at Columbia University Medical Center.

The Applied BioPharma business unit is focused on the development and commercialization of novel therapeutics to treat serious diseases by leveraging an industry leading pipeline of endocannabinoid system-targeted drug candidates.

The Company is actively seeking in-license opportunities for Applied BioPharma with the goal of developing an industry leading pipeline of endocannabinoid system-targeted drug candidates that address significant unmet needs across a wide range of therapeutic areas. The Applied management team expects to announce at least one in-licensing agreement before year end.

About Applied BioSciences Corp.

Applied BioSciences is a vertically integrated company focused on the development of science-driven cannabinoid therapeutics / biopharmaceuticals and delivering high-quality CBD products as well as state-of-the-art testing and analytics capabilities to our customers. For more information, visit the Company’s website.

Vertical Exploration $VERT.ca – Enters into an LOI With AREV Brands International Ltd. for Wollastonite Distribution to the Cannabis and Hemp Industries $TORR.ca $FA.ca $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM at 8:51 AM on Thursday, September 12th, 2019
  • Vertical entered into a non-binding Letter of Intent to partner on the distribution of Vertical’s Wollastonite from its world-class St-Onge Deposit in order to supply the fast growing cannabis and hemp industries.
  • Vertical’s high quality Wollastonite has been shown to be beneficial to cannabis plants in a variety of ways
  • In every case the most optimal results occurred with an admixture rate of 10% to 15% wollastonite to the growth medium.

VANCOUVER, BC / ACCESSWIRE / September 12, 2019 / VERTICAL EXPLORATION INC. (TSX-V:VERT) (“Vertical” or “the Company”) and AREV BRANDS INTERNATIONAL LTD. (AREV) (“AREV Brands”) are pleased to announce that the two companies have entered into a non-binding Letter of Intent (LOI) to partner on the distribution of Vertical’s wollastonite from its world-class St-Onge Deposit in order to supply the fast growing cannabis and hemp industries.

Under the terms of the non-binding LOI, Vertical will enter into a Distribution Agreement with AREV Brands, whereby Vertical will supply its St-Onge wollastonite to AREV Brands for direct distribution to both small-scale craft growing operations and potentially larger-scale Health Canada approved companies directly involved in growing and processing cannabis and hemp.

Vertical’s high quality wollastonite has been shown to be beneficial to cannabis plants in a variety of ways. In February 2019, Vertical announced the successful completion of Phase Three trials involving cannabis grown with wollastonite (CaSiO3) as a soil additive at BC Bud Depot’s (BCBD) ACMPR-licenced Research and Development facilities in Vancouver, BC. In the Phase Three trials BCBD measured and recorded significant improvements in root mass, powdery mildew control and pest elimination. In every case the most optimal results occurred with an admixture rate of 10% to 15% wollastonite to the growth medium. Most notably, powdery mildew, the most common fungal blight to affect Cannabis sativa, was virtually undetectable with wollastonite admixture above 10%. An admixture above 10% wollastonite also correlated with sharp reductions in the presence of thrips and fungus gnats, insect pests with a sub-soil life phase in which the wollastonite crystals lacerate and impale their soft bodies. At a microscopic level, wollastonite’s needle-like structure penetrates soft-bodied insect larvae and pupae, interrupting the life cycle without the use of pesticides.

Wollastonite’s unique properties also allow it to break down into calcium, magnesium and silicon in a highly bio-available form that balances soil PH throughout the growth cycle – this allows the cannabis plants to uptake silicic acid and promotes strong cell walls that better resist insect feeding and spore penetration, supporting increased growth and elevated product yields. (see February 5th, 2019 news release)

Vertical and AREV Brands believe there is a significant cannabis and hemp market opportunity for Vertical’s St-Onge wollastonite over both the near and longer term, and that the anticipated distribution partnership will be highly beneficial to both companies.

Further details regarding the Distribution Agreement will be provided as soon as all terms of the Agreement have been finalized between Vertical and AREV Brands. This transaction is subject to the approval of the TSX Venture Exchange.

ABOUT AREV BRANDS INTERNATIONAL LTD.

AREV Brands International Ltd. (“AREV”) produces and delivers functional compounds and ingredients from its world-class extraction systems. AREV is revolutionizing the current delivery method of terpenes, cannabinoids and flavonoids. These premium ingredients and formulations are used in products targeted for sale in the natural health, medical, functional food, nutraceutical, sport nutrition and bioceutical markets. AREV innovates through extraction to produce extracts from specific selected plant and exude from trees that address 5 areas of health including Anxiety, Pain Management, Insomnia, Central Nervous System Disorders & Libido.

ABOUT VERTICAL EXPLORATION

Vertical Exploration’s mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. The Company’s flagship St-Onge Wollastonite property is located in the Lac-Saint-Jean area in the Province of Quebec.

ON BEHALF OF THE BOARD
Peter P. Swistak, President/CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

More than a game: the unstoppable growth of #Esports, Enthusiast Gaming #EGLX.ca has 85 Affiliated Sites Reaching over 150M Visitors Monthly $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 1:21 PM on Wednesday, September 11th, 2019

SPONSOR: Enthusiast Gaming Holdings Inc. (TSX-V: EGLX) Uniting gaming communities with 85 owned and affiliated websites, currently reaching over 150 million monthly visitors. The company exceeded 2018 target with $11.0 million in revenue. Learn More

—————–

Players at the 2019 Fortnite World Cup in New York. Photo: Johannes Eisele/AFP/Getty Images

Analysis: competitive multi-player video gaming is now a global phenomenon and a way for schools to engage children in new and dynamic ways

  • A change may be ahead thanks to the evolution of esports and growing media attention for events like 16-year-old Kyle “Bugha” Giersdorf’s recent $3 million win at the Epic Games Fortnite World Cup in New York (and Dubliner Joshua Juliano winning $50,000 at the same tournament).
  • These are the types of questions parents and educators are asking themselves in environments where esports are done right, holistically considered and responsibly deployed.

By James O’Hagan, Northern Illinois University

Would you be so quick to shut off your child’s video game system if you knew that it could be a portal to a scholarship at an international university or a career in a billion-dollar industry? What about if it led to a reduction in your child’s anxiety, better connections with his/her peers or an interest in developing better sleep and nutritional habits?

A change may be ahead thanks to the evolution of esports and growing media attention for events like 16-year-old Kyle “Bugha” Giersdorf’s recent $3 million win at the Epic Games Fortnite World Cup in New York (and Dubliner Joshua Juliano winning $50,000 at the same tournament). These are the types of questions parents and educators are asking themselves in environments where esports are done right, holistically considered and responsibly deployed.

WATCH VIDEO

From RTÉ Radio 1’s Morning Ireland, Dublin gamer Joshua Juliano talks about winning $50,000 at the Epic Games Fortnite World Cup in New York

But first, a pause for those quizzically cocking their heads to the side: what exactly is esports?

Esports is organised, competitive, multi-player video gaming. Much like how when we talk about traditional “sports” which encompass basketball, football and swimming, there are a lot of games that fall into the realm of esports. Titles such as League of Legends, Overwatch, Super Smash Bros Ultimate, Rocket League and  Fortnite are among the most popular.

Of course, dedicating hours to playing these games on its own does not make someone an esports athlete. While tossing a ball around the yard with friends can be considered “playing football”, it takes organisation, dedication, discipline and training to be “a football player.” And there’s a similar difference between casual gaming and esports.

In schools across the United States, we are always looking to engage children in new and dynamic ways. Of paramount importance is meeting children where they’re at: what do kids naturally love to do and how can we add value to that space without negatively impacting the joy they find there?

Watch Video

From RTÉ Radio 1’s Morning Ireland, an interview with Mark Campbell from the Lero esports research lab at the University of Limerick 

Pew Research shows 97% of boys and 83% of girls aged 13 to 17 in the US identify as being a gamer of some kind. Those demographics cut across race and socio-economics. To responsibly guide the evolution of esports in education and harness its potential, we must tap into the intrinsic motivation – or behaviours based on inherent enjoyment – of gamers and embrace the opportunities for connection offered on the gaming field. 

Being respectful in our messaging is one of the first steps to take. Would we tell kids that they draw too much? Dance too much? Play an instrument too much? Hopefully not. Yet too often, video games are dismissed as “a waste of time by adults who have not researched the profoundly positive impact they can have when implemented responsibly. The modern space in which the majority of children are choosing to engage in some way is in video games so let’s meet them there and understand why instead of negating their passion for play.

Why embrace esports?

There are five core attrributes which should be at the heart of any program your child joins or your school implements:

(1) Redefine athletic culture

(2) Diversify opportunities for student participation

(3) Promote good mental and physical Hhealth

(4) Create career and further education scholarship opportunities

(5) Respect the Importance of play

Watch Video

From RTÉ Radio 1’s Morning Ireland, Adam Maguire reports from the final of the inaugural Estars Ireland esports tournament

Esports redefines athletic culture by encouraging children of all races, abilities and genders to compete in a space where their passion for play is the most prominent part of their identity as an athlete. Esports is an opportunity for everyone to come together in a shared space around a love of gaming. 

In bringing children together across demographics, you diversify opportunities for their participation in extracurricular activities. Research shows that students engaged in extracurricular activities have higher grade point averages, better attendance and increased graduation rates. Many children who do not fit traditional athletic ideals are often left on the margins, but participating in esports draws them into a community in which they belong.

Having children intrinsically motivated to be part of their school’s esports experience, the conversation then begins to shift towards things typically not associated with video games such as positive mental and physical health. The importance of good sleep habits, proper nutrition and a dedicated exercise regimen are critical aspects of a responsible esports program. Kids are far more likely to pass over energy drinks in favour of water when they learn, for example, how their gaming performance is negatively impacted after the sugar crash. They also learn to choose snacks that increase their focus during tournaments or to take part in exercises (like yoga and weights) that help regulate their heart rate and add stamina during matches.

As part of this ecosystem, we employ aspects of traditional sports training. Weight training helps develop complex reasoning skills and aerobic training promotes problem-solving skills. Additionally, research indicates that two of the best ways to promote good mental health are with positive adult interactions and through play. The key is meeting kids in the space they love to deliver the messaging.

Watch Video

From RTÉ 2fm’s Game On, Rob Wright from RTÉ Sport on the growth of video games as a sport in Ireland and globally

US colleges and universities have begun to take note of esports and are attracting students with scholarships of varying sizes. In 2023, there will be an estimated $100m (€90.6 million) in scholarship money available related to esports. The opportunity to access these scholarships is greatly enhanced when primary and secondary schools formally embrace esports.

Higher learning institutions recognise that esports is a billion-dollar industry in which playing games is just one element. Marketing, sports nutrition, broadcasting, psychology, esports law, business management, digital art, storytelling, computer science: these are just some of the career paths through this new ecosystem.

Probably the most important aspect of esports to be considered is that, at its heart, this is all about play. By providing these environments for children to play, we are helping to defray the issue of online toxicity and helping them navigate their world as we would on a traditional playground.

Source: https://www.rte.ie/brainstorm/2019/0909/1074856-more-than-a-game-the-unstoppable-growth-of-esports/

American Creek’s $AMK.ca Goldstorm Deposit A Strong Alternative to Seabridge’s KSM $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca $SEA.ca

Posted by AGORACOM at 9:25 AM on Wednesday, September 11th, 2019

The drilling success at American Creek’s Treaty Creek property in BC’s Golden Triangle is showing the potential to give shareholders the type of return experienced by investors in the neighbouring Seabridge KSM a decade ago.  Treaty Creek’s Goldstorm deposit is producing world class results including 563m of 0.98 g/t gold and the most recent hole; a 780 meter intercept of 0.683 g/t gold including a high grade upper portion of 1.095 g/t over 370.5 meters.  There are some distinct advantages that the Goldstorm has over the KSM which puts American Creek in a uniquely undervalued position within the area.

3 Critical Factors Highlight Treaty Creek Advantage Over KSM:

  1. Treaty Creek Similarities to KSM:
  • Part of the same Sulphurets Hydrothermal System that contains a mind boggling 188M oz gold, 1.2B oz silver and 55B lbs of copper (all categories) to date (P&P reserves of 47M oz Au, 214M oz Ag, and 10B lbs Cu)
  • Same trend – deposits occur about every 2-3 km going north with gold grades increasing as the system extends northward – The Goldstorm zone on Treaty Creek is the most northerly deposit
  • Same Sulphurets thrust fault which Seabridge states was responsible for the KSM deposits – same type of mineral formation beneath the fault
  • Same types of world-scale deposits (Porphyry and intrusion related) on both properties
Large deposits are found near the red “discovery line” and the Sulphurets fault

 2. Treaty Creek Advantages over KSM:

  • Better logistics – Treaty Creek is located on “the right side of the mountain”  with direct access to power and highway leading to the shipping port
  • Potentially better grades with initial estimates of 1.25 g/t Au at the Goldstorm / Copper Belle Deposit
  • Potential open pit design requiring a fraction of the capital cost of KSM with a shorter pay back period
  • Unlike the KSM which consists of copper deposits with low-grade gold, Goldstorm is a gold deposit and does not rely on the value other metals
  • At the discovery stage of the mining life-cycle where biggest gains are typically made. AMK offers considerable more shareholder upside with each ounce added compared to KSM.

3. KSM dependence on Treaty Creek:

  • KSM is dependent on twin 22.8km tunnels (MTT), of which 12.2km lies within the Treaty Creek mineral tenures, to get KSM ore to a proposed processing facility and tailings pond
  • The proposed route for the MTT runs through Treaty Creek in the same general location as the following:
    • The Kyba Discovery Line – a major geological marker for large deposits
    • The Sulphurets thrust fault – a major geological marker for large deposits
    • Geoclastic sequencing – a major geological marker for large deposits
    • Magnetotelluric anomalies indicating potential large mineral deposits
    • Magnetic anomalies indicating potential large mineral deposits
    • Electromagnetic anomalies indicating potential deposits
    • Mineralized zones on surface including the SW, AW, and Konkin zones
    • Mineralized zones to depth including Copper Belle, GR2, and Goldstorm zones
    • Seabridge requires consent from Treaty Creek owners for tunnels that would intersect potential deposits
  • The proposed route for the MTT runs directly through the mineralized zones on the Goldstorm currently being developed for an open pit mining operation

Treaty Creek Project Summary Click Here: Treaty Creek Summary

American Creek has already increased close to 300% since spring and yet only the initial results from the Goldstorm have come out.  Based on the geology, geophysics, and results so far it looks as though things have just started for the company.  A major drill program is presently being conducted at Treaty Creek by JV partner and operator Tudor Gold. There are now two drills working on the Goldstorm zone with the objective of defining a significant maiden gold resource. The last hole reported included a 780 meter intercept of 0.683 g/t gold including a higher grade upper portion of 1.095 g/t over 370.5 meters. The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator, with American Creek holding a 20% interest in the project. American Creek is fully carried until such time as a Production Notice is issued. Until such time, Tudor is required to fund all exploration and development costs while American Creek has a “free ride”.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com

Hub on Agoracom
  FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.

Advance Gold $AAX.ca – Russia’s Huge Gold Stash Is Now Worth More Than $100 Billion $ANG.jo $ABX.ca $NGT.ca $MGG.ca $SIL.ca $FA.ca $LON

Posted by AGORACOM at 9:45 PM on Tuesday, September 10th, 2019

SPONSOR: Advance Gold AAX.v – Advance Gold controls 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico. A cluster of 30 Epithermal veins have been discovered, with recent emphasis on exploring a large anomaly to drill. Advance also owns 15% of the Kakamega JV attached to Barrick Takeover Offer for Acacia Mining. Click Here For More Info

  • Value of Russia’s gold reserves climbed 42% in the past year
  • Russia is diversifying from U.S. assets and gold has rallied
  • Russia’s long-running bet on gold is looking better every month.

The country quadrupled gold reserves in the past decade as it diversified away from U.S. assets, a move that has paid off recently as haven demand sent prices to a six-year high. In the past year, the value of the nation’s gold jumped 42% to $109.5 billion and the metal now makes up the biggest share of Russia’s total reserves since 2000.

Russia's gold reserves have surged, and so has their value

Russia’s central bank has been the largest buyer of gold in the past few years as President Vladimir Putin seeks to break reliance on the U.S. dollar as relations between the countries remain strained. If Russia did need to tap its gold holding, it would fetch a hefty price — the metal is heading for the best year since 2010 as the U.S.-China trade war hurts global growth and central banks ease monetary policy.

“Russia prefers to cushion its macroeconomic stability through politically neutral tools,” said Vladimir Miklashevsky, a strategist at Danske Bank A/S in Helsinki. “There is a massive substitution of U.S. dollar assets by gold — a strategy which has earned billions of dollars for the Bank of Russia just within several months.”

More on Russia’s reserves
Russia’s gold reserves total more than 2,200 tons, the fifth-biggest hoard by country, and gold now accounts for 20.7% of overall reserves.The value of Russia’s currency reserves are up 9.5% in the past year, lagging the gains seen in bullion.The central bank bought about 106 tons so far this year, the latest data show. That’s down 19% from the same period in 2018 but still more than any other nation.Last year, Russia’s gold buying exceeded its mine supply for the first time.

Russia isn’t alone in hoarding gold. China, Kazakhstan and Poland have been among the biggest buyers in the past couple of years, and global holdings are expected to increase for a while yet.

Not all of Russia’s moves are paying off. Last year, the central bank shifted about $100 billion of U.S. holdings into euros, yuan and the yen, and since then the Chinese currency has dropped. Russia also missed out on the rally in U.S. Treasuries.

Russia may keep buying gold to compensate for those other losses in its reserves, said Kirill Tremasov, a former Economics Ministry official and now director of analysis at Loko-Invest in Moscow. So far it’s working, with gold up 18% this year to $1,513 an ounce.

Gold has jumped this year on demand for a haven

For Russia at least, it’s more about diversification than benefiting from the price. The central bank started buying gold more than a decade ago as it rallied toward 2011‘s record, and kept adding when prices dropped in the following few years.

“The central bank is unlikely to have pursued the goal of earning in the process of managing gold reserves,” Dmitry Dolgin, an economist at ING Bank, said by email. “The buying was rather about diversification of assets

Source: https://www.bloomberg.com/news/articles/2019-09-09/russia-s-massive-gold-stash-is-now-worth-more-than-100-billion

Labrador Gold $LAB.ca Retains Indigenous Engagement and Community Relations Advisor $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 3:14 PM on Tuesday, September 10th, 2019
  • Retained Ms. Patricia Stirbys, J.D., LL.M, to help develop a comprehensive indigenous engagement and community relations program
  • Ms. Stirbys is a member of Cowessess First Nation and specializes in engaging Indigenous groups

VANCOUVER, British Columbia, Sept. 10, 2019 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold” or the “Company”) is pleased to announce that it has retained Ms. Patricia Stirbys, J.D., LL.M, a member of Cowessess First Nation, to help it develop a comprehensive indigenous engagement and community relations program.

Ms. Stirbys has over 20 years of experience in law, negotiations and policy, specializing in engagement with Indigenous groups. She has an excellent understanding of Indigenous peoples, issues and challenges along with an understanding of the mining sector. Ms. Stirbys has engaged with Indigenous communities in most provinces, including First Nations in B.C., Saskatchewan, Ontario, Quebec and Newfoundland-Labrador. She has successfully negotiated agreements with Indigenous groups across Northern Ontario, particularly First Nation communities within the Ring of Fire.

“We are very pleased to have Ms. Stirbys join the Labrador Gold team,” said Roger Moss, President and Chief Executive Officer of Labrador Gold. “Her significant experience in indigenous relations will be a valuable asset as we move forward with engagement and consultation with the community of Matimekush-Lac John.”

The Company is committed to maintaining respectful relations with the community and to understanding their concerns as we find a way to work in the region to the benefit of all stakeholders.

The Company also announces the grant of 100,000 options to purchase common shares of the Company to Ms. Stirbys. The options vest 50% on grant and 50% after six months and are exercisable for a price of $0.25 for a period of five years.

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the Company has the option to acquire 100% of the 896 square kilometre (km2) Ashuanipi property in northwest Labrador and the Hopedale (458 km2) property in eastern Labrador.

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world, but have been underexplored by comparison. Initial work by Labrador Gold during 2017 shows gold anomalies in soils and lake sediments over a 3-kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept-Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.

The Company has 57,039,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

Labrador Gold $LAB.ca: ‘Gold Is The Way To Go’ as Interest Rates Fall, says Mark Mobius – $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 1:30 PM on Tuesday, September 10th, 2019

SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info

  • Mark Mobius, the founding partner of Mobius Capital Partners, recommends that investors hold 10% of their portfolios in physical gold, and invest the rest in dividend yielding equities.
  • In the first half of this year, central banks bought 374 metric tons of gold, according to the World Gold Council. That was the largest net increase for the first half of the year since at least 2000.
  • China’s central has been adding to its gold reserves for eight straight months since December, scooping up another 10 metric tons of the yellow metal in July, according to data from the People’s Bank of China.
https://image.cnbcfm.com/api/v1/image/106114900-1567740936648gettyimages-1157551633.jpeg?v=1568017827&w=630&h=354

Veteran investor Mark Mobius is bullish on gold as central banks around the world cut interest rates.

“Physical gold is the way to go, in my view, because of the incredible increase in money supply,” said Mobius, the founding partner of Mobius Capital Partners.“All the central banks are trying to get interest rates down, they are pumping money into the system. Then, you have all of the cryptocurrencies coming in, so nobody really knows how much currency is out there,” he told CNBC’s “Street Signs” on Friday.Amid expectations of slowing global growth, central banks around the world have been lowering interest rates, as they seek to boost money supply in the economy, stoke demand and provide an impetus to growth.

Mobius recommends that investors hold 10% of their portfolios in physical gold, with the rest invested in dividend yielding equities. That’s especially if the dollar gets weaker.

In his view, “the U.S. government, the Trump White House, does not want a strong dollar.”

“They are certainly going to try to weaken the dollar against other currencies and of course, it’s a race to the bottom. Because, as soon as they do that, other currencies will also weaken,” said Mobius.

“People are going to finally realize that you got to have gold, because all the currencies will be losing value,” he added.

Gold can retain its value much better than other forms of currency, and is traditionally a safe haven during market volatility.

A weaker dollar tends to boost the price of gold as global trade in the yellow metal is denominated in U.S. dollars.

“At the end of the day, gold is a means of exchange. It’s a stable currency in some way,” said Mobius.

Central banks are buying gold

Data from the World Gold Council this year point to risingcentral bank demand for the yellow metal amid global macroeconomic uncertainty.

In the first half of this year, central banks bought 374 metric tons of gold, reported the World Gold Council. That was the largest net increase for the first half of the year since at least 2000.

“Deep down inside, the central bankers do believe in gold, but they don’t want to say it because … they won’t be able to create new currency,” said Mobius.

The 2019 Central Bank Gold Reserve survey, conducted by the World Gold Council and released in July, also found there was central bank demand for gold in the short to medium term.

Of those polled, 11% of emerging market and developing economy central banks said they intended to increase their gold reserves over the next 12 months.

That was similar to data from 2018 when 12% of such central banks bought gold, giving rise to 652 metric tons of central bank gold demand — the highest level on record under the current international monetary system, noted the World Gold Council.

“The planned purchases are being driven by higher economic risks in reserve currencies. In the medium term, central banks see changes in the international monetary system, with a greater role for the Chinese renminbi and gold,” said the World Gold Council in their report. The renminbi is another name for the Chinese yuan.

About 40% of emerging market and developing economy central banks cited “anticipated changes in the international monetary system being relevant to their decision to hold gold,” the World Gold Council said.

China also investing in gold

Spot gold was trading around $1,509.51 an ounce on Monday morning in Asia after hitting a six-year high of $1,554.56 in late August amid heightened U.S.China trade tensions.

China’s central bank has been adding to its gold reserve for eight straight months since December, scooping up another 10 metric tons of the yellow metal in July, according to data from the People’s Bank of China.

“China is the biggest producer of gold to begin with. And then of course, they’ve been buying gold, so nobody really knows how much they have in the vaults,” said Mobius. “I’m sure it’s been increasing at a pretty good pace.”

Beijing has partially lifted restrictions on imports of gold, industry sources told Reuters in late August.

Source:https://www.cnbc.com/2019/09/09/mark-mobius-on-investing-in-gold-as-central-banks-and-fed-cut-rates.html

LOMIKO Metals $LMR.ca – READY FOR LI-ION BATTERY FUTURE $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca $DNI.ca

Posted by AGORACOM at 10:13 AM on Tuesday, September 10th, 2019

SPONSOR: Lomiko Metals LMR:TSX-V – A Canadian exploration-stage company discovered high-grade graphite at its La Loutre Property in Quebec and is working toward a Pre-Economic Assessment (PEA) that will increase its current indicated resource of 4.1 Mt of 6.5% Cg to over 10 Mt of 10%+ Cg through a 21 hole program at the Refractory Zone. Click Here For More Information

Electric Vehicle Analysis Video


The world’s biggest carmaker announced Friday that it had struck a deal with Sweden’s Northvolt to build a giant battery factory in Germany. It also confirmed production dates for two new models key to the group’s success.
A. Paul Gill, CEO of Lomiko Metals (TSXV: LMR, OTCQB: LMRMF) noted that the graphite supply from China to Europe and North America has dropped tremendously over the past few years. This market change may be an opportunity for the Company as European and North American battery manufacturers are now looking for stable suppliers. “If we’re going to continue to expand the electric vehicle industry in Europe and  North America, we’re need a secure supply of raw materials.”,stated Gill. “The shortage of graphite is going to be a real concern in the coming years.”,he added.
The German company said production of lithium-ion batteries would begin in late 2023 or early 2024, a move that will be vital to Volkswagen’s (VLKAF) ability to mount what it calls “the largest electric offensive in the automotive industry worldwide.”
The group plans to launch almost 70 new electric models in the next decade, and hopes to build 22 million electric cars over this period. It is investing more than €30 billion ($33 billion) into electrifying its fleet over the next four years, prompted in part by pressure from regulators and the fallout from its diesel emissions scandal.
If successful, Volkswagen could overtake rivals such as Tesla (TSLA) and Warren-Buffet-backed BYD in China.

Battery factory big win for Europe

Lithium-ion batteries, the majority of which are currently produced in China, are a critical part of Volkswagen’s electrification strategy. Batteries account for about a third of the cost of electric cars, according to consulting firm Wood Mackenzie.
China is home to 70% of global lithium cell manufacturing capacity, with the United States in second place at 12%, said Simone Tagliapietra, a climate and energy fellow at Bruegel, the European economic think tank. Europe lags behind and hosts only about 3% of global production capacity, according to the European Commission.
The Volkswagen-Northvolt deal represents a “very significant investment for the future of European battery production,” Tagliapietra told CNN Business.
Volkswagen is investing €900 million ($993 million) into the Northvolt joint venture. Some of the money will go into the German factory, the rest will secure Volkswagen a 20% stake in Northvolt and a seat on its supervisory board.
Volkswagen also confirmed that production of the new ID.3 electric car series would begin this November, with the first models delivered to customers next year. It has already sold out a limited edition of the ID.3, which is due to make its world debut on September 9 at the Frankfurt Motor Show.
Also premiering at the show will be an electric version of the vintage Volkswagen Beetle. The conversion of the Beetle is being done by a specialist partner company, eClassics, and will use of components from the new VW e-up! city car. Porsche, one of Volkswagen’s premium brands, confirmed on Friday that it would start producing its first all-electric sports car — the Taycan — on September 9.

A New Production Plant

Alongside investing in battery production, Volkswagen is pouring €1.2 billion into overhauling its Zwickau vehicle plant, which formerly produced internal combustion engines, so that it can make electric cars. This process began in 2018 and is expected to be completed by 2020. By 2021, the plant is expected to produce 330,000 vehicles per year, making it Europe’s “largest and most efficient electric vehicle plant,” according to Volkswagen.
The ID.3 will be the first vehicle to be built on this new modular electric car production platform, or MEB. In the next three years, production of 33 models across the group’s brands is due to start on the MEB. 

Labrador Gold $LAB.ca: Gold Market Update – Investors Should Take Measures to Protect Themselves? $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 1:00 PM on Monday, September 9th, 2019

SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info

  • Fundamental and technical factors came together last week to suggest that a significant correction to the recent strong runup has now started.
  • Indicators pointing to a correction include its overbought status, overly bullish sentiment readings and COTs showing extreme readings.

Although a major Precious Metals sector bullmarket has certainly started, various fundamental and technical factors came together last week to suggest that a significant correction to the recent strong runup has now started.

The main fundamental development was the announcement that there will be a Trade War summit between China and the US early next month, with hopes being expressed that this may lead to compromise or some kind of truce. Whilst the chances of improvement may be slim, the market has got what it wants for now which is hope, and this hope should continue at least until this meeting, which provides the excuse for the markets to go “risk on” until then, which is why the stockmarket broke higher last week, delaying but not eliminating our crash scenario.

A return to “risk on” is clearly not good for the Precious Metals which, until last week, had been benefitting from a flight to safety as had the dollar, creating the unusual situation where the dollar and gold were rising at the same time. Now, in a risk on environment they are suddenly out of favor again.

In addition to this fundamental argument we have a range of technical indicators pointing to a correction in the Precious Metals sector that we will now look at. They include its overbought status, overly bullish sentiment readings and COTs showing extreme readings.

Starting with gold’s 6-month chart, we can see that it doesn’t look too bad – yet, but if we look more closely we can see that it is on the point of breaking down from the rather steep uptrend in force from late May, with it having dropped back on quite high volume the past 2 trading days, and it is noteworthy that Thursday’s drop was the biggest 1-day drop for a long time, making it more likely that it signals a reversal. In addition, the MACD indicator shows that momentum is starting to flag.


So, how far could gold react back? It happens more often than not that after a price breaks clear out of a giant base pattern, as gold did from its giant complex Head-and-Shoulders bottom or Saucer base shown on our 10-year chart, that it then returns to test support at the upper boundary of the base pattern before turning higher again. That could happen again and it would throw a lot of investors in the sector who are now of the view that we are “off to the races”. So, if it does react back that far don’t be dismayed – on the contrary it would throw up one last great buying opportunity.


We have had a rather unusual situation in the recent past where the dollar and the Precious Metals have been strengthening together. This is because, in a risk off environment both have been considered safe havens. In a risk on environment this logic works in the other direction so that the dollar and the Precious Metals may both react back together. On the 3-year chart for the dollar index we can see that it is at a good point to turn lower, despite its still bullishly aligned moving averages, as its persistent gentle uptrend has brought it up to the significant resistance level shown.


While PM stocks continued to push higher in recent weeks, the decline was losing momentum, as revealed by the downtrending MACD indicator on the 6-month GDX chart below, which led to its starting to break down on high volume on Thursday and Friday. Although it hasn’t yet broken down from the uptrend and below its 50-day moving average, this looks set to happen soon.


So how about COTs and sentiment? – we will now proceed to look at them. We had been wary of calling a top too soon based on the increasingly lopsided COTs, having called a top too soon during the runup early in 2016, but now, given the other factors that we have considered, in particular the negative developments last week, the latest gold COT, which shows high Large Spec long positions and heavy Commercial short positions, certainly makes a reaction back by gold now or soon a lot more likely…

Click on chart to popup a larger, clearer version.


The COT is backed up by the latest Hedgers chart, which goes back to 2010, which shows that positions match the extreme reached in the Summer of 2016, which as we know was followed by a brutal correction for the rest of the year. While a correction certainly looks likely it shouldn’t be so deep, because there is a big difference this time round, which is that gold has broken out into a major new bullmarket – it was still in a basing phase in 2016.

Click on chart to popup a larger, clearer version.

Chart courtesy of sentimentrader.com


Lastly, the Gold Miners Bullish % Index is still at 87%, and while we waiting to see if it would hit 100% as it did in 2016, it doesn’t have to of course before a reversal occurs, and 87% certainly shows that enough people are bullish to warrant a trip to the fleecing shed.

Investors in the Precious Metals sector should therefore take measures to protect themselves, which include stepping aside for a while, or if staying long, hedging with inverse ETFs such as DUST, or options (options are much more cost effective), GLD being very suitable are they are highly liquid with narrow spreads, and then we watch for the expected correction to unfold, aware that when it has run its course, we will be presented with a MAJOR BUYING OPPORTUNITY.

Source:http://news.goldseek.com/CliveMaund/1568038149.php

#3rdFlix secures $5 million in pre-series A round from #Exfinity Ventures, #Yournest, as funds flow into hot #Edtech sector #betterU $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 11:26 AM on Monday, September 9th, 2019
SPONSOR:  Betteru Education Corp. The Only Education Marketplace In India Serving 1.3 Billion Potential Customers Click here for more information.
BTRU: TSX-V

3rdFlix Visual Effects secures $5M funding led by Exfinity Ventures

ETtech

  • Hyderabad-based educational technology startup 3rdFlix Visual Effects has raised $5 million in a pre-Series A round led by Exfinity Ventures.
  • YourNest, IDFC Parampara and high net-worth individuals also participated in the funding round.
  • The startup plans to use the capital to expand the 6-12th grade segment and launch immersive and experiential content later this year

Founders (L-R) Subbarao Siddabattula, Charu Noheria and Ilangovel Thulasimani


Hyderabad-based educational technology startup 3rdFlix Visual Effects has raised $5 million in a pre-Series A round led by Exfinity Ventures. YourNest, IDFC Parampara and high net-worth individuals also participated in the funding round.

The company plans to use the capital to expand the 6-12th grade segment and launch immersive and experiential content later this year. It also aims to launch in international markets, including the United States, Africa, UAE, and Southeast Asia, in the next 18 months.

“With amazing advancements in spatial computing, combined with artificial intelligence, we are looking at a new era of intelligent, interactive and immersive content that will change the way we learn,” said Subbarao Siddabattula, Founder and CEO of 3rdFlix.

The startup, founded in 2014 by Siddabattula, Ilangovel Thulasimani and Charu Noheria, uses VFX and technologies such as machine learning, artificial intelligence, augmented reality, virtual reality and mixed reality to create life-like intelligent shared experiences for enhanced learning. It focuses on interactive and experiential learning to increase retention and engagement levels among students.

The animation and VFX segment grew 18.7% in FY19, to reach Rs 87.7 billion, mostly driven by animation content on OTT platforms and rising demand from non-entertainment sectors such as education and healthcare.

The sector is expected to grow at a compounded annual growth rate of 16% between FY19 and FY24 and reach Rs 184 billion, according to a report by KPMG.

Source: https://tech.economictimes.indiatimes.com/news/startups/3rdflix-visual-effects-secures-5m-funding-led-by-exfinity-ventures/70977294