Gratomic Inc. designed and constructed a pilot processing facility in order to assess the requirements needed for the design and construction of its commercial processing facility at the Aukam Graphite Mine in Namibia, Africa. To date, the commercial facility is 90% completed, with finalization slated for the Fall of 2020.
Interview with the author of “In Gold We Trust” and fund manager at Incrementum. Gold is in a healthy and strong bull market, fueled by the financial stimuli of governments and central banks. Ronald Stöferle has set an ambitious price target for gold at the end of the decade.
That is what JS Research out of Germany is suggesting in their follow up to the Report on Treaty Creek they did in June 2020. We think that their research on the Goldstorm and our JV partner Tudor Gold does a good job showing the potential that lies before us including projections for size and value of the property. This year’s 20,000m drill program was recently doubled to 40,000 utilizing six drills and extending the drill season. We only have the first two rounds of assays and this seasons drill results have already eclipsed the great results of 2019. The geophysics and geology suggest more of the same so we’re looking forward to seeing if the trend continues throughout the year.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.
Market value soon to be $ 1 billion?
Breathtaking gold rally in full swing! With this precious metal pearl you benefit to the maximum! Because the sensational news flow and gold contents of an average of 1.161 g / t Gold Eq over 930 meters justify a reassessment !!!
Dear Readers,
Tudor Gold once again delivers massively – the brand new press release ( LINK here ) contains a wealth of important information for you as an investor:
Tudor Gold (WKN: A2AJ7Y, Frankfurt: TUC / TSXV: TUD) has been on the lips of gold investors, brokers and industry experts for months. We hear from our Canadian network that bets are already being made as to when the first takeover offer for the world-class Treaty Creek project will arrive at the successful Walter Storm, CEO of Tudor Gold .
One thing is certain, there are only a handful of stocks on the quote that control a gold resource of over 15 million ounces of gold. And at the latest after yesterday’s press release, it will become clear to everyone that the ‘Goldstorm’ system is enormous and an absolute world-class project.
What we really like in yesterday’s press release is the fact that Tudor was able to extend the length of the (mineralization) system from 850 meters by another 150 meters to 1,000 meters . It remains open on all sides and in depth.
The Tudor Gold team of geologists and the market participants invested in the share hoped that the ‘ step-out’ well drilled would encounter gold-bearing mineralization again and significantly enlarge the gold system again.
And the GS-20-64 well was once again a direct hit: a high grade intersection with 1.482 g / t Gold Eq over 154.5 meters was found within a long drilling interval with 0.983 g / t Gold Eq over 550.55 meters.
What the market has not yet fully realized: The conceptual exploration target of 1 billion tons of rock is likely to be revised significantly upwards again. And that automatically increases the possible gold resource by an additional million ounces.
For us, it all looks like a possible future huge opencast mine. These operations often have a long mine life of more than 15/20 years and are at the top of M&A shopping lists for gold producers.
“Grade is King” – the high gold content of the drilling results to date speak in favor of Tudor Gold’s Treaty Creek project:
A look at the published resource statements (‘proven and probable mineral reserves’) of the direct neighbor Seabridge Gold shows an ore grade of 0.55 g / t gold in the ‘KSM’ project. Even if Tudor Gold has not yet released a resource, the strong drilling results published to date, with long intervals of up to 1,081 meters and good gold grades, provide a very good indication of what the average grade of an ore could be from a potential resource. In our opinion, it should be loosely between 0.85 and 1.20 g / t Gold Eq , and thus significantly higher for ‘Treaty Creek’ than for the ‘KSM’ project!
Tudor Gold’s ‘Treaty Creek’ project is also very cost-effective to connect to the infrastructure (road and electricity) about 20 kilometers away. It is not necessary to build a very expensive and complex tunnel through the mountain, as with the neighbor, which can quickly cost 500 to 1,000 million dollars in such a dimension.
For such an investment amount, Tudor Gold’s complete open-cast mine, including infrastructure connection and processing systems, can possibly be realized. We are excited to see what the economic indicators in the ‘PEA’ (preliminary feasibility study) will look like.
The Treaty Creek project is an extremely rare rarity in the North American exploration sector!
No wonder why legendary mine investor and billionaire Eric Sprott recognized the enormous potential of the Treaty Creek project, as we did, in 2019 and has since participated in several rounds of financing from Tudor Gold.
Just last week, Eric Sprott struck again and increased his strategic equity position at Tudor Gold again. This time he accessed the stock market directly and invested another million CAD, as the insider filings below show:
Eric Sprott chatted in his weekly market commentary on July 24, 20 at Sprott Money News and named a few titles that he is convinced and invested in.
He also mentioned Tudor Gold’s Treaty Creek project from 18:33 and speculated that the gold project could easily contain 20, 30, 40 or even 50 million ounces of gold . Feel free to listen to the interview at this link: LINK
Tudor Gold’s stock has risen by a sensational 1,000% since the beginning of 2019 – it is not too late for far-sighted investors to invest in this world-class project developer. We expect an enormous news flow by the end of the year, which should catapult the market capitalization to at least CAD 1 billion ! Do not miss this unique investment opportunity!
The market value of Tudor Gold is just under CAD 500 million – cheap in direct comparison to Seabridge Gold, which is valued at just under CAD 1.8 billion.
Source: Yahoo Finance
We expect a bidding contest for the world-class Treaty Creek project at any time, at the latest when a first resource estimate is published within the next 6 months!
Let’s take a quick look at the brand new press release from 07/27/20 ( link here ) and let geologist Ken Konkin have his say:
Ken Konkin, Vice President of Project Development at Tudor Gold, P.Geo., Said in the press release:
“For the second time this month, we are very pleased to report the results of GS-20-57 , which is an enriched mineralization section of 1.40 g / t AuEq averaging 217.5 meters (544.5 to 762.0 meters) within have a composite average of 0.845 g / t AuEq over 973.05 meters (34.50 to 1077.55 meters). Hole GS-20-65 was designed as a 100 meter undercut to drill hole GS-20-57. The result was a remarkable 348 meter intercept at 2,120 g / t AuEq within a larger 930 meter intercept at 1.161 g / t AuEq in hole GS-20-65. Further drilling is required in this central region to better define these high-grade areas (‘metal plumes’) that we believe will occur throughout the ‘Goldstorm’ system. There were three results above 15.0 g / t Au that occurred within hole GS-20-65. These include: 19.7 g / t Au over 1.5 meters (145.5 to 147.0 meters), 22.5 g / t Au over 1.5 meters (310.5 to 312.0 meters) and 34 .2 g / t Au over 1.0 meter(921.0 to 922.0 meters). The focus for the rest of this summer will be on completing exploration drilling to the limits of known mineralization along the northeastern axis. We started drilling on pad 8, a 150 meter step-out northeast of hole GS-20-47, which produced the best intersection of 0.697 g / t AuEq over 1081.5 meters in 2019. This hole ended in a mineralization zone as drilling capacity was reached. This year, all six drills have modified drill heads to complete boreholes more than 1,800 meters deep. However, we expect our longest holes to be approximately 1,400 meters long in 2020. ”
Konkin adds:
“One of the most impressive aspects of the Goldstorm system is the constant strength of the mineralization. Hole GS-20-64 was a steeply angled 150 meter step-out that was drilled northeast of the DS-5 section beyond the trace. This exploration hole aimed to expand a very robust stockwork system that was intersected at the bottom of hole GS-19-47 with 0.996 g / t AuEq over 243 meters (933.5 to 1176.5 meters). The section ended in a mineralization zone at a depth of 1199 meters. The same DS-5 zone was intersected in GS-20-64, which doubled the cutting length from 243 meters to over 550 meters and averaged 0.983 g / t AuEq (648.4 to 1198.95 meters), which is extremely consistent with the results obtained in GS-19-47. An enriched upper part of the stockwork system gave 1,442 g / t AuEq over 154.5 meters (771.5 to 926.0 meters). We are currently re-drilling the GS-19-47 hole as the system may be much larger than originally anticipated based on the results of the GS-20-64 step-out hole located 150 meters northeast. The goal is to drill through the entire stockwork profile discovered in 2019. ”
On the map below you can see various wells and sections where they are located.
Source: Tudor Gold Corp.
Walter Storm, President and CEO of Tudor Gold said:
“Our technical team continues to research different areas of the drilling targets, achieving excellent results and the size of the ‘Goldstorm’ system is continuously expanding significantly. The north-east axis of the mineralized ‘Goldstorm’ (ore) body is now longer than a kilometer, and we still have to find the mineralization boundaries in the northeast and in depth. It was necessary to step up our efforts by doubling our drilling program to 40,000 meters and using more drilling rigs. We are very pleased to announce the approval of our new work permit, which will allow us to expand the drilling at ‘Goldstorm’ and drill additional zones. Tudor Gold’s construction teams are planning to build a lower-level drill camp, that will extend the exploration season by several months. We are now able to build land access routes to access the zones from the current camp as well as the proposed lower camp (on the Treaty Creek glacier toe). ”
The company recently uploaded an interesting video with the geological 3D model to the flagship project ‘Treaty Creek’ on the website.
Here is the link to the video:
For all new readers, we have briefly compiled some background information on Tudor Gold:
Tudor Gold is a precious metals and base metals exploration company with concession areas in British Columbia’s ‘Golden Triangle’, an area where producing or past mines are located, as well as several large deposits that are nearing potential development. The 17,913 hectare Treaty Creek Project (in which Tudor Gold holds a 60% stake) is adjacent to the KSM property of Seabridge Gold Inc. in the southwest and the ‘Brucejack’ property of Pretium Resources Inc. in the southeast. The company controls 100 % of the Electrum project. In addition, Tudor has ‘earn-in’ options or is 100% involved in other projects in the ‘Golden Triangle’.
The Sulfurets Thrust Fault leads from the Seabridge deposit ‘Iron Cap’ to the Tudor Gold ‘Goldstorm’ system from the southwestern corner of the ‘Treaty Creek’ claims, which adjoin Seabridge Gold’s concession areas. The Gold Storm Zone is located five kilometers northeast of Seabridge’s Iron Cap deposit.
The ‘Golden Triangle’ region is one of Canada’s richest gold regions – over 80 million ounces of gold and over 17 billion pounds of copper have already been found in the immediate vicinity of world-class explorer Tudor Gold!
Source: Tudor Gold Corp.
Tudor Gold has everything a world-class exploration company needs, be there when the company makes exploration history!
Top Facts & Summary of Tudor Gold Corp Highlights:
Believe experts like Eric Sprott, the man with the ‘gold finger’, then invest in Tudor Gold! The stock is trading today where Seabridge Gold was in 2005 before the stock price multiplied. The stock is on the buying radar of countless gold investors – everyone is waiting for further news flow of the 2020 borehole season in the next weeks and months!
Tudor Gold’s immediate neighbors are Seabridge Gold ($ 1.8 billion market cap) and Pretium Resources ($ 2.5 billion). However, the current market capitalization of Tudor Gold is only a low CAD 498.5 million – there is still a lot of upside potential!
About Tudor Gold Corp:
Name: Tudor Gold Corp.
Stock exchange ticker Germany: TUC
Stock exchange ticker Canada: TUD.V
Last courses in Germany : 1.92 €
Last courses in Canada: CAD 3.04
ISIN: CA89901P1071
WKN: A2AJ7Y
You can find more information about Tudor Gold here:
Please read our article on Tudor Gold from July 10th, 2020
Please read our article on Tudor Gold from January 8th, 2020
Read our detailed company description with assessment from August 1st, 2019:
Link to the company’s website
Best regards and maximum success with your investments!
Your JS research team
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Q2 2020 results reflect the following highlights:
MONTREAL, July 29, 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 its financial and operational results for the second-quarter ended June 30th, 2020.
“Percent complete revenue recognition in our major projects, which is the revenue recognition method we are mandated to follow by GAAP, is such that it is not linear, but exponential and as such, Q2 is now starting to reflect the results one might expect given recent announcements. It is interesting to note that using this revenue recognition method, only $1.8MM has been recognized under the $22MM+ DROSRITE™ contract for which we have announced receipt of over $7MM, and which will be completed within the next year. Using this same revenue recognition method, we can provide guidance for Q3 2020, and for the year ending December 31st, 2020: At this point, we expect that Q3 2020, and the nine months ending September 30, 2020, will both be profitable as will year end results. We are projecting Q3 2020 EPS (Basic & Diluted) to be conservatively in excess of 6 cents,” said P. Peter Pascali, CEO and President of PyroGenesis. “We are happy to be reporting these results in record time, and are pleased to note that we did so within the time frame set by more demanding exchanges. As such, we have set a goal to report all future financial results within the more stringent requirements set by the TSX as opposed to the TSXV.”
Q2 2020 results reflect the following highlights:
Management Guidance for Q3 2020
Management Guidance for full year 2020:
OUTLOOK
Percent complete revenue recognition in our major projects, which is the revenue recognition method we are mandated to follow by GAAP, is such that it is not linear, but exponential and as such, Q2 is now starting to reflect the results one might expect given recent announcements. It is interesting to note that using this revenue recognition method, only $1.8MM has been recognized under the $22MM+ DROSRITE™ contract for which we have announced receipt of over $7MM, and which will be completed within the next year.
Using this same revenue recognition method, we can provide guidance for Q3 2020, and for the year ending December 31st, 2020: At this point we expect that Q3 2020, and the nine months ending September 30, 2020, will both be profitable as will year end results. We are projecting Q3 2020 EPS (Basic & Diluted) to be conservatively in excess of 6 cents and the year to be in excess of 10 cents.
Any discussion regarding the OUTLOOK of the company would be remiss if it did not address the continued increase in the Company’s market capitalization and the implications that has for the future.
Without a doubt the Company’s market capitalization suffered, as did many other companies, in the general Covid-19 market meltdown at the end of March 2020. However, PyroGenesis soon broke from the pack with the issuance of a material press release on March 24th, 2020.
Management believes that its breaking from the ranks caught the attention of investors, fund managers, and money managers who all now had the time during the COVID-19 lockdown to fully analyze the complicated story that is PyroGenesis. Management does not see any reason why this interest would abate anytime soon. To the contrary, Management has reason to believe that interest in the Company will only increase over the foreseeable future. As such, several strategies (up listings, spinoffs, acquisitions) are now being accelerated/considered.
Having a larger market capitalization has also helped in discussions with potential customers who take comfort from the possibility that a higher market capitalization may translate into easier access to capital. For the record, there is no intention to raise capital for working capital purposes.
If 2018 was the year in which PyroGenesis successfully positioned each of its commercial business lines by strategically partnering with multi-billion-dollar entities, and 2019 was the year that saw the appropriate personnel and infrastructure being put in place while building upon the success of 2018, then 2020 is without a doubt the year that the long awaited breakout, which began in the second half of 2019, takes place; it is in fact already upon us:
To date during 2020, PyroGenesis has:
The Company has booked a significant backlog of signed contracts (in excess of $28MM; 2019 Revenues approx. $5MM) which, when taking the eagerly awaited US Navy contract into account, will increase to over $38MM. This provides a solid cornerstone upon which PyroGenesis can:
Specifically, with Aubert & Duval the goal will be to complete the integration of the cutting-edge advances PyroGenesis has made to the powder production process.
With respect to HPQ, the goal would be to accelerate the game changing PUREVAP™ family of processes which we are developing for HPQ, namely:
Looking forward, the Company has, as of December 31st, 2019, approximately $10MM of in-the-money warrants and options expiring in 2020 and 2021. The Company also has over $50MM in tax loss carryforwards (roughly evenly distributed between federal and provincial obligations) which is not reflected as an asset on the balance sheet.
Financial Summary
Revenues
PyroGenesis recorded revenue of $2,128,454 in the second quarter of 2020, representing an increase of 133% compared with $913,769 recorded in the second quarter of 2019.
Revenues recorded in the three and six months ended June 30, 2020 were generated primarily from:
Cost of Sales and Services and Gross Margins
Cost of sales and services before amortization of intangible assets was $855,049 in Q2 2020, representing an increase of 18% compared with $723,641 in Q2 2019, primarily due to an increase in subcontracting and direct material expenses offset by a reduction in employee compensation in Q2 2020.
In Q2 2020, employee compensation decreased to 103,957 (Q2 2019 – $414,873) and subcontracting, direct materials and manufacturing overhead increased to $813,201 (Q2 2019 – $335,240). The gross margin for Q2 2020 was $1,268,592 or 59.5% of revenue compared to a gross margin of $185,349 or 20.3% of revenue for Q2 2019. As a result of the type of contracts being executed, the nature of the project activity, as well as the composition of the cost of sales and services, as the mix between labour, materials and subcontracts may be significantly different. Of note, the Company in Q2 2020 applied for an amount of $648,125 in wage subsidy from Revenue Canada under the CEWS program. From this amount, $92,028 was applied to employee compensation under cost of sales and services.
Investment tax credits recorded against cost of sales are related to projects that qualify for tax credits from the provincial government of Quebec. Qualifying tax credits decreased to $18,758 in Q2 2020, compared with $29,061 in Q2 2019. This represents a decrease of 35% year-over-year. In total, the Company earned refundable investment tax credits of $17,332 in Q2 2020. The Company continues to make investments in research and development projects involving strategic partners and government bodies.
The amortization of intangible assets of $6,813 in Q2 2020 and $4,779 for Q2 2019 relates to patents and deferred development costs. Of note, these expenses are non-cash items and will be amortized over the duration of the patent lives.
Selling, General and Administrative Expenses
Included within Selling, General and Administrative expenses (“SG&A”) are costs associated with corporate administration, business development, project proposals, operations administration, investor relations and employee training.
SG&A expenses for Q2 2020 excluding the costs associated with share-based compensation (a non-cash item in which options vest principally over a four-year period), were $1,641,338 representing an increase of 4% compared with $1,583,779 reported for Q2 2019.
The increase in SG&A expenses in Q2 2020 over the same period in 2019 is mainly attributable to the net effect of:
Separately, share based payments decreased by 14% in Q2 2020 over the same period in 2019 as a result of the vesting structure of the stock option plan including the stock options granted on January 2, 2020.
Research and Development (“R&D”) Costs
The Company incurred ($3,869) of R&D costs, net of government grants, on internal projects in Q2 2020, a decrease of 102% as compared with $212,645 in Q2 2019. The decrease in Q2 2020 is primarily related to an increase in government grants supporting our R&D activities and an amount of $129,201 claimed under the wage subsidy from Revenue Canada under the CEWS program.
In addition to internally funded R&D projects, the Company also incurred R&D expenditures during the execution of client funded projects. These expenses are eligible for Scientific Research and Experimental Development (“SR&ED”) tax credits. SR&ED tax credits on client funded projects are applied against cost of sales and services (see “Cost of Sales” above).
Net Finance Costs
Finance costs for Q2 2020 totaled $276,928 as compared with $275,418 for Q2 2019, were less than 1%, resulting in a virtually unchanged variance.
Strategic Investments
The adjustment to the fair market value of strategic investments for Q2 2020 resulted in a gain of $5,899,465 compared to a loss in the amount of $339,313 in Q2 2019, representing an increase of 1839% year-over-year. The increase is primarily attributable to the increased market share value in the HPQ Silicon Resources Inc. and Beauce Gold Fields.
Net Comprehensive Loss
The net comprehensive gain for Q2 2020 of $5,228,020 compared to a loss of $2,253,390, in Q2 2019, represents an increase of 332% year-over-year. The increased gain of $7,481,410 in the comprehensive gain in Q2 2020 is primarily attributable to the factors described above, which have been summarized as follows:
EBITDA
The EBITDA gain in Q2 2020 was $5,610,023 compared with an EBITDA loss of $1,814,832 for Q2 2019, representing an increase of 409% year-over-year. The $7,424,855 increase in the EBITDA gain in Q2 2020 compared with Q2 2019 is due to the increase in comprehensive income of $7,418,410, a decrease in depreciation on property and equipment of $38,927, a decrease in depreciation of right of use assets of $21,171, an increase in amortization of intangible assets of $2,034, and an increase in finance charges of $1,511.
Adjusted EBITDA gain in Q2 2020 was $5,633,661 compared with an Adjusted EBITDA loss of $1,787,248 for Q2 2019. The increase of $7,420,909 in the Adjusted EBITDA gain in Q2 2020 is attributable to an increase in EBITDA gain of $7,424,855, offset by a decrease of $3,946 in share-based payments.
The Modified EBITDA loss in Q2 2020 was $265,804 compared with a Modified EBITDA loss of $1,447,935 for Q2 2019, representing a decrease of 82%. The decrease in the Modified EBITDA loss in Q2 2020 is attributable to the increase as mentioned above in the Adjusted EBITDA of $7,357,909 and an increase in the change of fair value of strategic investments of $6,238,778.
Liquidity
The Company has incurred, in the last several years, operating losses and negative cash flows from operations, resulting in an accumulated deficit of $57,304,682 and a negative working capital of $7,463,370 as at Q2 2020, (December 31, 2019 – $60,237,656 and $10,492,102 respectively). Furthermore, as at Q2 2020, the Company’s current liabilities and expected level of expenses for the next twelve months exceed cash on hand of $1,567,777 (December 31, 2019 – $34,431). The Company has relied upon external financings to fund its operations in the past, primarily through the issuance of equity, debt, and convertible debentures, as well as from investment tax credits.
Revenue generated from active projects has begun to produce sufficient positive cash flow to fund operations. The Company has a strong backlog from signed contracts totaling $28MM, and a pipeline of prospective new projects resulting in the Company’s business plan becoming less dependent on raising additional funds to finance operations within and beyond the next 12 months. While the Company has been successful in securing financing in the past, raising additional funds is dependent on a number of factors outside the Company’s control, and as such there is no assurance that it will be able to do so, should it need to, in the future. If the Company is unable to obtain sufficient additional financing when needed, it may have to curtail operations and development activities, any of which could harm the business, financial condition and results of operations.
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]
RELATED LINK: http://www.pyrogenesis.com/
Vaughan, Ontario–(July 29, 2020) – Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder” or the “Company“) and its wholly-owned associated applicants, The Green Spyder Inc. and Spyder Cannabis Subco Inc., is pleased to provide the following update:
Niagara Falls and Cannabis Dispensary
The Company is pleased to announce that its dispensary located at 6474 Lundy’s Lane, passed its final inspection on July 27, 2020, and intends to open for business in the first week of August 2020.
Calgary Cannabis Dispensary
The Company is also pleased to announce that its dispensary located at #140, 104 – 58 Avenue SE, was formally issued a Retail Cannabis Store License (No. 781144-1) and intends to open for business in August 2020.
“Both dispensaries are located in busy commercial hubs, in their respective cities. The Spyder team is excited to commence operations and bring its best of class customer service and retail experience to both cities”, stated Dan Pelchovitz, the Company’s CEO.
About Spyder Cannabis Inc.
Spyder is a Cannabis, Vape and CBD retailer that operates in jurisdictions where the products are federally legal in both Canada and the United States. The Company, through its subsidiaries, is a retailer involved in the development of three retail business units. The first is the sale of Cannabis products, the second is the sale of Hemp CBD in the United States only, the third is the sale of smoking cessation products in Ontario.
Cautionary Statements
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.
This news release includes statements containing certain ‘forward-looking information” within the meaning of applicable securities laws (‘forward-looking statements”). Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur.
For additional info, please contact:
Spyder Cannabis Inc.
Dan Pelchovitz
President & Chief Executive Officer
Telephone: 1.888.504.7737
Email: [email protected]
VANCOUVER, British Columbia, July 29, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to announce the launch of a “CEO Verified” Discussion Forum on AGORACOM. The forum will serve as the Company’s primary social media platform to interact with both shareholders and the broader investment community in a fully moderated environment.
The Candente Gold HUB is live and can be found at: https://agoracom.com/ir/CandenteGold
Candente Gold will also receive significant exposure through millions of content brand insertions on the AGORACOM network and extensive search engine marketing over the next 12 months. In addition, exclusive sponsorships of invaluable digital properties such as the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise brand awareness of the Company among small cap investors. AGORACOM is the only small cap marketing firm to hold a Twitter Verified badge, averaging 4.2 million Twitter impressions per month in 2019.
Moderated Discussion for Candente Gold Management and Shareholders
AGORACOM “CEO Verified” provides the first ever identity verification of small cap executives on a finance platform. Small cap CEO’s and other company officers are now able to post or communicate within a discussion forum without the risk of impersonation. As the ultimate influencers of their own companies, “CEO Verified” forums create unmatched levels of engagement between companies and investors that have long desired civilized, constructive and factual conversation.
Posts to AGORACOM are shareable on Twitter, Facebook and LinkedIn, which provides Management with one-click sharing of valuable content to these social media platforms, with automatic links back to AGORACOM for civilized investor engagement.
There are no log-in requirements for investors to visit the forum, read posts and share company posts with their networks on other platforms. Investors wishing to post questions, comments and interact with company officers can quickly log-in using their Facebook or LinkedIn accounts, or create an anonymous new user account.
The Candente Gold Forum can be found at: https://agoracom.com/ir/CandenteGold/profile
Verified Candente Gold Officer at Launch
Joanne Freeze, President and CEO stated, “Social media participation is very important for growth companies such as ours and AGORACOM forums are purpose built to facilitate intelligent discussion without the nonsense that plagues other such sites. I encourage everyone to read and participate in our CEO Verified Discussion Forum to create vibrant and constructive discussions for the long term benefit of everyone.”
George Tsiolis, AGORACOM Founder stated: “With gold prices hitting record highs and conditions looking favourable for continuation over the next three years, small cap investors are looking for high quality companies to grow with in this cycle. Candente Gold’s strategy to build cash flowing assets couldn’t come at a better time and we can’t wait to tell their story to the world.”
Term and Compensation
TERM: July 15, 2020 – July 15, 2021
FEES: $CDN 60,000 + HST*
Per TSX Venture Policy 4.3 (Section 6.1), the deemed price of the securities to be issued will be determined after the date services are provided to advertiser in each period and are to be calculated using the closing price on each date above. Share issuances to AGORA under this Shares For Services Agreement will be effected pursuant to the “consultant exemption” contained in Section 2.24 of National Instrument 45-106 Prospectus Exemptions. To qualify as a consultant with this exemption, the consultant must be engaged to provide services to the issuer, pursuant to a written contract, other than services provided in relation to a distribution and must spend a significant amount of time and attention on the affairs and business of the issuer.
About Candente Gold
Candente Gold has launched a comprehensive growth strategy to build a cash flowing business platform and gain access to properties with near surface exploration potential while maintaining El Oro as its flagship asset and an integral part of the overall growth strategy. The acquisition of the SDA Plant and the El Dorado historic mines signifies an important first step.
The financial benefits from Western Mexico operations and the addition of specialized personnel will translate across platforms to strengthen our efforts to explore and potentially mine. The Company is currently evaluating properties that are complimentary to the SDA plant and El Dorado Property.
El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores*)
Modern understanding of epithermal vein systems indicates that several of the El Oro district’s veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was mined to an average depth of only 200 metres.
Joanne C. Freeze, P.Geo., President, CEO and Director and Matthew Melnyk, CPG., Director Operations are Qualified Persons as defined by National Instrument 43-101 for the projects discussed above. Ms. Freeze and Mr. Melnyk have reviewed and approved the contents of this release.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
About AGORACOM
AGORACOM is the pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 300 companies served. AGORACOM is the home of more than 7.7 million investors that visited 55.2 million times and read over 600 million pages of information over the last 10 years. The average visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Forward-looking Information
This news release may contain forward-looking information (as such term is defined under Canadian securities laws) including but not limited to information regarding the potential for discovery in the El Oro district and other statements that are not historical facts. While such forward-looking information is expressed by Candente Gold in good faith and believed by Candente Gold to have a reasonable basis, they address future events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Candente Gold’s MD&A. Factors that cause the actual results to differ materially from those in forward-looking information include, without limitation, gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental issues, availability of capital and financing and general economic, market or business conditions. Candente Gold expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
On behalf of the Board of Candente Gold Corp.
“Joanne Freeze” P.Geo.
For further information please contact:
Joanne FreezePresident & CEO+1 (604) 689-1957
[email protected]
VANCOUVER, BC, July 29, 2020 – Loop Insights Inc. (TSXV: MTRX) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive automated marketing, contact tracing, and contactless solutions to the brick and mortar space, is pleased to announce the appointment of Jeffrey Hyman to the Company’s Board of Directors. Jeffrey previously served on the Board of Advisors.
HYMAN BRINGS OVER 20 OF EXPERIENCE WITH TIER-1 WALL STREET FIRMS
Jeffrey brings a high level of capital markets knowledge, with over 20 years of experience in Wall Street investment banking and financial advisory. As a Managing Director, he ran practice groups at bulge bracket firms, and also served on the Technology Committee at J.P. Morgan Chase’s Investment Bank. At Guggenheim Partners, Jeff was Global Co-Head of Municipal, Project and Infrastructure Finance. He also brings experience leading large-scale development and redevelopment projects in the US. With previous projects in industries such as hospitality and entertainment, casino and gaming, destination and resort, and public infrastructure projects—Jeffrey’s portfolio aligns well with Loop’s target clients and industries.
Jeffrey Hyman stated “I have always been drawn to the next big thing, whether it is through investment or project development. Since my appointment to the Board of Advisors in April, Loop has not only stayed relevant, it has caught fire— as demonstrated by recent high-profile announcements. It’s clear that there is a place for Loop’s solution in many lucrative industries; I plan on lending my expertise and leveraging my connections to accelerate the company’s expansion into the global market.”
Loop CEO, Rob Anson stated “Jeffrey’s capital markets knowledge comes at a pivotal time, as we begin to gain significant attention from investors on both sides of the border, as well as, national and international organizations that are rapidly interested in deploying our technology. We’re lucky to have Jeffrey on our Board of Directors to support our growth in capital markets, as well as, expand our business into the industries of hospitality and resort, sports and entertainment, and casino gaming.”
This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion and Q&A https://agoracom.com/ir/LoopInsights/forums/discussion
About Loop Insights: Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia.
Forward-Looking Statements/Information:
This news release contains certain statements which constitute forward-looking statements or information. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.
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.
SOURCE LOOP Insights Inc.
When the subsidiary of a Billion Dollar, Nutrition Focused company buys 11.5% of your stock, agrees to a voluntary 12-month lock up and holds anti-dilution rights to maintain it’s ownership percentage by buying a proportionate number of shares in any future financing, it is safe to assume you have a strategic investor who believes in the future of your company.
When that same strategic investor wants to then help your company expand into large international markets, it is safe to assume your plant based food capabilities are amongst the most respected in the world.
This is just a glimpse into the strength of Else Nutrition (BABY:TSXV) (BABYF:OTCQB), an Israeli based, award winning plant based food nutrition company that is giving small cap investors an opportunity to participate in the global paradigm shift towards plant-based, clean label foods.US MARKET COMMERCIALIZATION COMMENCES
Given what you now know, it should come as no surprise that – as part of its path to commercialization in the U.S.A. – it has just successfully completed its first full-scale commercial production run of its Plant-based Toddler Nutrition product. The production run was completed at the U.S. based facilities of the Company’s production partner, a leading producer of organic baby formula in the U.S. BABY CEO Hamutal Yitzhak stated “These accomplishments further demonstrate our readiness for launch into the North American marketplace.Parents across North America have been looking for clean, plant-based, whole food nutrition options for their children – and we are set to make this a reality” “Making it a reality”appears imminent because the company has signed broker agreements with three (3) reputable, natural food retail brokers, and is close to signing with a fourth broker. Moreover, pre-orders are already commencing online. In short, BABY is on the proverbial commercial launch pad into a paradigm shifting industry that itself is also on the launch pad for the 2020 decade – Plant Based, Clean Label Foods.
If you believe in the future of plant-based, clean label foods or want to discover its possibilities, then watch this incredible interview with CEO Hamutal Yitzhak.
Watch this interview or listen by Podcast on Apple, Google, Spotify or your favourite podcaster.
TORONTO, July 28, 2020 – Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G, OTC: DTMXF) is pleased to announce the appointment of Hon. James S. Peterson, P.C., as a new independent member of the Board of Directors. Hon. Peterson is a former federal Cabinet Minister and Secretary of State, with extensive knowledge and first-hand experience legal, financial, board governance and government affairs.
“I want to thank our newest Board Member for taking on the position of Director at Datametrex,” said CEO, Marshall Gunter. “His diplomacy and global business acumen are critical assets to better position us in the market, so that we can operate at the highest level in this changing environment. We continue striving for increased collaboration with new consortia in the preventive technologies industries around the world.”
Jim Peterson with his government experience on the world stage brings a wealth of knowledge in strategic planning and government affairs. He will be using this experience in helping Datametrex engage with world governments to bring more testing to the general population to eradicate the spread of the COVID-19 virus.
Jim obtained his BA and LLB from Western University, his LLM from Columbia University and his DCL from McGill University. He also taught Law at University of Toronto, and worked for the UN International development organization in Vienna, Khartoum, and Kuala Lumpur on International joint business ventures in developing countries. He is a Member of the Ontario Bar Association, the Canadian Bar Association, and is a Co-Chair of the Canada-US Law Institute. Jim has also served for the Government of Canada as Minister of International Trade, Secretary of State (International Financial Institutions), and Chair of the House of Commons Standing Committee on Finance. While a Cabinet Minister, Jim represented Canada at the World Trade Organization’s Doha round of negotiations, which were focused on expanding trade and investment in leading emerging markets Brazil, Russia, India and China, and with complex issues related to trade with Canada’s NAFTA partners, the European Union, the Middle East and the Americas.
Jim served as Chair of the House of Commons Finance Committee where he began the practice of public pre-budget hearings and completed several major studies including a review of Canada’s value added tax (the GST). He retired from the House of Commons in 2007 after 23 years of public service as the Member of Parliament for Willowdale (Toronto).
“I am a firm believer that time is a resource that companies in high-growth mode cannot afford to waste,” Hon. Peterson said. “Datametrex is certainly among those companies. I am honoured to join the Board of this thriving Company; I look forward to further contribute to the strong innovative systems that make a difference in our society.”
The company has issued Jim 1,000,000 options.
As part of the Board changes, the Company announces that David Ellison is stepping down from the Board of Directors to make room for Jim, and will be joining the Advisory Board to continue supporting Datametrex with his legal expertise. Datametrex thanks David for his efforts and for still serving Datametrex to help solve the Company’s most pressing challenges.
About Datametrex
Datametrex AI Limited is a technology-focused with exposure to Artificial Intelligence and Machine Learning through its wholly-owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex’s mission is to provide tools that support companies in fulfilling their operational goals, including Health and Safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, Company provides progressive solutions to support the supply chain. 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 it’s 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 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 time such forward-looking information is made. 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.
VANCOUVER, BC / July 28, 2020 / Else Nutrition Holdings Inc. (TSXV:BABY)(OTCQX:BABYF)(FSE:0YL) (“Else” or the “Company”), is pleased to announce that as part of its path to commercialization in the U.S., it has recently completed its first full-scale commercial production run of its Plant-based Toddler Nutrition product. The manufacturing run was successfully completed, meeting a rigorous set of quality standards. The production run was completed at the U.S. based facilities of the Company’s production partner, a leading producer of organic baby formula in the U.S.
Additionally, the Company has launched pre-orders on its e-store (www.elsenutrition.com). Customers in the U.S. and Canada can now place pre-orders, for delivery next month.
“These accomplishments further demonstrate our readiness for launch into the North American marketplace,” said Ms. Hamutal Yitzhak, CEO and Co-Founder of Else. “Parents across North America have been looking for clean, plant-based, whole food nutrition options for their children – and we are set to make this a reality.”
“Finding the right balance of healthy foods to promote optimal childhood growth and development can be a challenge for many parents. Else’s Plant-based toddler nutritional drink is clean nutrition , minimally-processed product, providing the appropriate vitamins and minerals content, plant-based proteins, and healthy fats and carbs . With so many available foods that are low in nutritional value, this product is a welcome addition to the market,” said Dr. Leah Alexander, Pediatrician, MD, FAAP.
Last month, Else began offering samples of its Plant-based Toddler Nutrition product on its site, receiving highly favorable customer reviews, “loving the clean, minimally processed ingredients” and welcoming a “healthier alternative.”
Customers in the U.S. and Canada can pre-order the full-sized Else Nutrition Plant-Based Complete Nutrition for Toddlers (in single and 4-pack offerings) on the Else e-store at: www.elsenutrition.com. A single 22 oz. product is available at the introductory price of USD$36, with a 4-pack priced at USD$136. Shipping in the Continental U.S. is free during the launch.
About Else Nutrition Holdings Inc.
Else Nutrition GH Ltd. is an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy, formula is a clean-ingredient alternative to dairy-based formula. Else Nutrition (formerly INDI) won the “2017 Best Health and Diet Solutions” award at the Global Food Innovation Summit in Milan. The holding company, Else Nutrition Holdings Inc, is a publicly traded company, listed as TSX Venture Exchange under the trading symbol BABY and is quoted on the US OTC Markets QB board under the trading symbol BABYF and on the Frankfurt Exchange under the symbol 0YL. Else’s Executives includes leaders hailing from leading infant nutrition companies. Many of Else advisory board members had past executive roles in companies such as Mead Johnson, Abbott Nutrition, Plum Organics and leading infant nutrition Societies, and some of them currently serve in different roles in leading medical centers and academic institutes such as Boston Children’s Hospital, Pediatrics at Harvard Medical School, USA, Tel Aviv University, Schneider Children’s Medical Center of Israel, Rambam Medical Center and Technion, Israel and University Hospital Brussels, Belgium
For more information, visit: elsenutrition.com or @elsenutrition on Facebook and Instagram.
For additional information, contact:
Ms. Hamutal Yitzhak, CEO, Co-Founder & Director
ELSE Nutrition Holdings Inc.
E: [email protected]
P: +972(0)3-6445095
Mr. Sokhie Puar, Director
ELSE Nutrition Holdings Inc.
E: [email protected]
P: 604-603-7787
TSX Venture Exchange
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.
Caution Regarding Forward-Looking Statements
This press release contains statements that may constitute “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as “will” or similar expressions. Forward-looking statements in this press release include statements with respect to the anticipated dates for filing the Company’s financial disclosure documents. Such forward-looking statements reflect current estimates, beliefs and assumptions, which are based on management’s perception of current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. No assurance can be given that the foregoing will prove to be correct. Forward-looking statements made in this press release assume, among others Forward-looking statements made in this press release assume, among others, the timing of the Company’s toddler nutrition product launch and the availability of the Company’s product online. Actual results may differ from the estimates, beliefs and assumptions expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management’s expectations only as of the date of this press release. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.