Agoracom Blog

#Palladium, #Platinum Soar on S. Africa Lockdown SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 11:44 AM on Wednesday, March 25th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Palladium, Platinum Soar on S. Africa Lockdown

  • Palladium eyes biggest daily gain since 2001
  • Platinum on track for biggest daily gain since 2008

By Sumita Layek

March 24 (Reuters) – Palladium soared as much as 15% on Tuesday, on track for its biggest daily gain since 2001 as major producer South Africa was locked down due to the coronavirus outbreak, while U.S. gold futures surged over 4% as fresh stimulus stopped a cash hunt among investors. 

Palladium jumped 11% to $1,907.31 per ounce by 11:03 p.m. EDT (1503 GMT), while platinum gained 6.6% to $684.80. 

“The market focus is starting to turn to some of these supply disruptions that the virus brings. South Africa is clearly the main one,” said Saxo Bank analyst Ole Hansen. 

“So, the focus has shifted somewhat from the risk to having a major drop in demand to the equally challenging condition where we’ve supplies struggling to find its way through to the buyer of the metal.”

Platinum prices were set for their biggest daily gain since 2008.

“The country accounts for some 70% of global platinum mined supply and 35% of palladium, with a 21-day lockdown possibly resulting in a 4% and 2% of 2020 supply reduction respectively,” said Dmitry Glushakov, Head of Metals & Mining Research at VTB Capital.

Spot gold was up 3% at $1,599.31 per ounce, while U.S. gold futures climbed 4.2% to $1,633.90.

The price difference between spot gold and U.S. gold futures widened to as much as $65 during the session as a rush of buying met with poor liquidity in the London market.

“The massive Fed stimulus and QE program continues to support gold as it erodes the currency (U.S. dollar). Hard assets are going to be in vogue in that environment,” said David Meger, director of metals trading at High Ridge Futures. 

“The pressure is lifted, we’re no longer seeing the indiscriminate selling, to the contrary, we’re seeing the cream rise to the top.” 

Wall Street jumped at the open on signs that Washington was nearing a deal on a $2 trillion economic rescue package. [MKTS/GLOB] 

The Fed announced unlimited quantitative easing and programmes to support credit markets on Monday. The move triggered a dip in the dollar. 

Also helping bullion, three of the world’s largest gold refineries said they had suspended production in Switzerland for at least a week to curtail the spread of the contagion. 

Meanwhile, U.S. business activity contracted further in March, hitting a record low as the coronavirus pandemic depressed activity in both the manufacturing and services sectors.

Source: https://www.nasdaq.com/articles/palladium-platinum-soar-on-s.-africa-lockdown-gold-jumps-2020-03-24

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Mr. P. Peter Pascali of PyroGenesis $PYR.ca Donates $100,000 in the Battle Against #COVID19

Posted by AGORACOM-JC at 9:23 AM on Wednesday, March 25th, 2020

On March 19th, 2020, Mr. P. Peter Pascali, CEO of PyroGenesis Canada Inc, personally donated $100,000 to the Centre Hospitalier de l’Université de Montréal (“CHUM”) Foundation, McGill University Health Centre (“MUHC”) Foundation, and Montreal General Hospital Foundation, all in Quebec, Canada, in order to demonstrate public support for the health care workers in their ongoing battle against COVID-19.

“The primary reason I wanted to make this donation was to demonstrate to the health care workers of Quebec, the doctors, the nurses and support staff, that the public has their back in our battle against COVID-19,” said Mr. Pascali. “That we will do all in our power to ensure that they have the tools to do the job we know they so desperately want to do properly.”

At the same time Mr. Pascali called upon Quebec Industry leaders, sports figures, and other luminaries to support him in this challenge: “This is a group effort,” he said, “The Government is doing an amazing job.  The health care workers are the unsung heroes in this crisis. Now it is time to do our part. The tragedy unfolding today has not been seen on this scale since World War II.  This is not the time for us to stand idly by.  Quebec needs you.  Your friends and family need you. Above all, those on the front line, who may be caring for you or a loved one very soon, need you.”

Mr. Pascali was quick to note that “As we are starting to hunker down to weather the storm, and the bars, sports events and restaurants close, we have each surely saved $10.  If each of us donates $10 to the cause, we will collect well over $50 million.”

When asked why he chose these institutions for his donations, Mr. Pascali answered simply, “They represent both French and English sector hospitals, and quite frankly this virus is oblivious to language, religion, color, sex or creed.  As such I thought it fitting to fund these institutions. They all have their jobs to do.”

In conclusion, Mr. Pascali had a special message to some of the younger, more driven, members of Quebec: “To all those teenagers and young adults sitting at home who may, or may not, be able to contribute financially to the extent they would like, there is a lot you can do.  You can make this into a movement by sharing and blogging what we are trying to do.  You may not realize it now, but you are players in a crisis of historical proportion. You can change its course by working your magic.  You have the power to turn this into a tsunami of support and save lives with the same effect as if you were a health care provider on the front lines. These health care providers will not let you down.  Let us not let them down.”

Source: https://www.mghfoundation.com/en/news/mr-p-peter-pascali-donates-100000-in-the-battle-against-covid-19/

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American Creek $AMK.ca Announces Its JV Partner Tudor Gold Is Fully Funded for the 2020 Exploration Season at Its Flagship Project Treaty Creek Located in the Golden Triangle $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca

Posted by AGORACOM at 9:11 AM on Wednesday, March 25th, 2020

Cardston, Alberta–(Newsfile Corp. – March 25, 2020) – American Creek Resources (TSXV: AMK) (the “Corporation” or “American Creek”) is pleased to announce its partner Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (“Tudor Gold”) has sufficient funds to execute a significantly larger drilling and exploration program, than the 2019 program, on the Goldstorm Zone at Treaty Creek project this year. With the capital raised in December 2019, as well as the recent warrants exercises, the Tudor Gold has a good cash position to execute a fully funded and very ambitious drill program at Treaty Creek this year. Tudor Gold is currently in the final stages of finalizing all preparations needed for the upcoming 2020 drill program at Treaty Creek.

Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., states: “The Goldstorm system is currently open at depth and along the northeast axis of the mineralized body. The drill program is designed to extend and to explore the limits of Goldstorm system to the southeast as well as to the northeast and to depth. We anticipate drilling approximately 18,000 to 20,000 metres of HQ and NQ diameter core from 7-10 drill platforms with four diamond drill rigs. Compared to the drill program last year (14 diamond drill holes over 9,781.8 meters), the planned 2020 drill program will be much larger.”

The current known length of the northeast axis of the Goldstorm System is over 850 meters long and the southeast axis is at least 600m across. The system remains open in all directions and to depth. The best mineralization encountered to date is from the two consecutive 150m step-out holes to the Northeast: GS-19-42 yielded 0.849 g/t Au Eq over 780 m with 1.275 g/t Au Eq over 370.5m and GS-19-47 yielded 0.697 g/t Au Eq over 1,081.5m with 0.867 g/t Au Eq over 301.5m.

The best southeast extension came from GS-19-52 which yielded 0.783 g/t Au Eq over 601.5m intercept with 1.062 g/t Au Eq over 336.0m intercept. (results from the company’s NR dated March 3rd, 2020).

Tudor Gold response to COVID-19:

Tudor Gold has introduced additional precautionary steps to manage and respond to the risks associated with COVID-19 virus. This includes, for example the cancellation of all non-essential global travel and the reducing in person meetings and transitioning to teleconferencing where possible. Vancouver office staff are now working from home until government advisories change.

Tudor Gold is regularly monitoring the situation and following local and national health authority requirements and recommendations.

Walter Storm, President and CEO of Tudor Gold stated: “We are taking all appropriate measures to protect the safety, health and well-being of our people and all those who interact with our business. Tudor Gold is following guidance and directives as updated by federal, regional and provincial health authorities in respect of general and drill-site specific protocols. We are very fortunate to have a strong balance sheet amidst the volatile market created by COVID-19.”

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company’s Vice President of Project Development, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

Treaty Creek JV Partnership

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. 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”.

Treaty Creek Background

The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better logistics.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/53763_07331b7734267a38_001.jpg



The Sulphurets Hydrothermal System

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/53763_07331b7734267a38_001full.jpg

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia. Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

More information about the Treaty Creek Project can be found here: https://americancreek.com/index.php/projects/treaty-creek/home

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

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

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Loncor Increases Interest In Adumbi Mining To 76.29% $LN.ca $ABX.ca $TECK.ca $RSG $NGT.to $GOLD $NEM

Posted by AGORACOM at 8:26 AM on Wednesday, March 25th, 2020
  • Loncor has acquired an additional 5.04% interest in its subsidiary Adumbi Mining
  • Adumbi holds six exploitation licences in the Ngayu Greenstone Belt including the Imbo exploitation licence, where an Inferred Mineral Resource of 1.675 million ounces of gold (20.78 million tonnes grading 2.5 g/t Au

TORONTO, March 25, 2020 (GLOBE NEWSWIRE) — Loncor Resources Inc. (“Loncor” or the “Company“) (TSX: “LN”; OTCQB: “LONCF”) announces that it has acquired an additional 5.04% interest in its subsidiary Adumbi Mining SARL (“Adumbi Holdco”) pursuant to a private transaction with one of the former minority shareholders of Adumbi Holdco.  This acquisition increases Loncor’s interest in Adumbi Holdco from 71.25% to 76.29%.  “Loncor continues to consolidate its dominant position in the Ngayu Goldbelt.  Over the next twelve months we intend to drill the Adumbi gold deposit and several other highly prospective areas of the Imbo license,” said Founder and CEO, Arnold Kondrat.

Adumbi Holdco, which recently changed its name from KGL Somituri SARL, holds six exploitation licences in the Ngayu Greenstone Belt including the Imbo exploitation licence, where an Inferred Mineral Resource of 1.675 million ounces of gold (20.78 million tonnes grading 2.5 g/t Au,) was outlined in January 2014 by independent consultants Roscoe Postle Associates Inc on three separate deposits, Adumbi, Kitenge and Manzako.  76.29% of this gold resource is now attributable to Loncor.

About Loncor Resources Inc.
Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Belt in the Democratic Republic of the Congo (the “DRC”).  The Loncor team has over two decades of experience of operating in the DRC.  Ngayu has numerous positive indicators based on the geology, artisanal activity, encouraging drill results and an existing gold resource base.  The area is 200 kilometres southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL (“Barrick”).  In 2019, Kibali produced record gold production of 814,000 ounces at “all-in sustaining costs” of US$693/oz.  Barrick has highlighted the Ngayu Greenstone Belt as an area of particular exploration interest and is moving towards earning 65% of any discovery in 1,894 km2 of Loncor ground that they are exploring.  As per the joint venture agreement signed in January 2016, Barrick manages and funds exploration on the said ground at the Ngayu project until the completion of a pre-feasibility study on any gold discovery meeting the investment criteria of Barrick.  In a recent announcement Barrick highlighted six prospective drill targets and are moving towards confirmation drilling in 2020.  Subject to the DRC’s free carried interest requirements, Barrick would earn 65% of any discovery with Loncor holding the balance of 35%.  Loncor will be required, from that point forward, to fund its pro-rata share in respect of the discovery in order to maintain its 35% interest or be diluted.

In addition to the Barrick JV, certain parcels of land within the Ngayu project surrounding and including the Makapela and Adumbi deposits have been retained by Loncor and do not form part of the joint venture with Barrick.  Barrick has certain pre-emptive rights over the Makapela deposit.  Loncor’s Makapela deposit (which is 100%-owned by Loncor) has an Indicated Mineral Resource of 614,200 ounces of gold (2.20 million tonnes grading 8.66 g/t Au) and an Inferred Mineral Resource of 549,600 ounces of gold (3.22 million tonnes grading 5.30 g/t Au).  Adumbi and two neighbouring deposits hold an Inferred Mineral Resource of 1.675 million ounces of gold (20.78 million tonnes grading 2.5 g/t Au), with 76.29% of this resource being attributable to Loncor via its 76.29% interest.   

Resolute Mining Limited (ASX/LSE: “RSG”) owns 25% of the outstanding shares of Loncor and holds a pre-emptive right to maintain its pro rata equity ownership interest in Loncor following the completion by Loncor of any proposed equity offering. 

Additional information with respect to Loncor and its projects can be found on Loncor’s website at www.loncor.com. 

Qualified Person
Peter N. Cowley, who is President of Loncor and a “qualified person” as such term is defined in National Instrument 43-101, has reviewed and approved the technical information in this press release. 

Technical Reports
Certain additional information with respect to the Company’s Ngayu project is contained in the technical report of Venmyn Rand (Pty) Ltd dated May 29, 2012 and entitled “Updated National Instrument 43-101 Independent Technical Report on the Ngayu Gold Project, Orientale Province, Democratic Republic of the Congo”.  A copy of the said report can be obtained from SEDAR at www.sedar.com and EDGAR at www.sec.gov. 

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#Coronavirus: Students Flock To Online Learning #Edtech Amid Lockdowns – SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 5:44 PM on Tuesday, March 24th, 2020
SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. Click here for more information.

Coronavirus: Students Flock To Online Learning Amid Lockdowns

By: Debroop Roy

  • With edtech start-ups such as Byju’s and Toppr coming up with free learning courses and modules to help students during the pandemic, engagement numbers of these online platforms have seen a massive surge

As the coronavirus disease (COVID-19) outbreak has resulted in lockdowns across states in India, students and institutions too have seen a disruption in their learning. While schools, colleges and other educational places were among the first to be asked to shut down, several boards have since taken the decision to postpone examinations.

At such a time, several start-ups that use technology to bring quality education to students across the country, and around the world, have come up with free courses to help learners and teachers through the crisis.

Massive Surge In Numbers

Edtech Unicorn Byju’s was among the first few to take the initiative and provide free access to all of the company’s learning programmes till the end of April. “Since our announcement last week, we have witnessed a 60 per cent increase in the number of new students using the app to learn from home daily,” said Divya Gokulnath, co-founder of the Bengaluru-based company.

Gokulnath said the number of queries from students and parents for home learning programmes had more than doubled in the last week with learners across metropolitan and non-metropolitan cities increasingly using the app. She added that while students with year-end exams were using video lessons to revise crucial concepts, younger grade students are learning new concepts to prepare for the next year’s curriculum.

“We have seen a 124 per cent increase in student engagement on our platform amid the coronavirus outbreak,”  said Anant Goyal, founder at Bright Tutee, a platform that offers video lectures for 18 state boards.

Mumbai-based Toppr, a learning platform spanning across the K12 and competitive exam verticals, has made all live classes free till schools resume. Separately, on demand learning videos are available as a free learning resource on the app.

The company has seen massive growth in engagement over the last few weeks, according to co-founder Zishaan Hayath. There has been a 100 per cent growth in free user engagement over the last month while the time spent across modules has risen more than 50 per cent, with the highest growth seen for Ask Doubts.

Specifically for live classes, subscribers have grown by 50 per cent as well. In terms of age groups, he said that growth in time spent by students of senior classes (10-12) had been double that of those in junior classes (6-9).

Another edtech start-up Gradeup too has found numbers increasing since launching free live classes for students between grade 8 and 12.

The free classes launched have a “focus on topics that are covered during the first 2 months of school…parents want their children to utilise this time, and an offer like this fits very well. Since this is the period when the new session begins, it makes sense to cover the topics taught in the first two months of school,” said Gradeup co-founder Shobhit Bhatnagar.

Bhatnagar added that while there has been a spike across segments, ranging between 25 and 40 per cent, it was especially true for aspirants of competitive exams such as JEE and NEET.

Across Verticals

This surge in online learning is not, however, limited to these.

Testbook, a start-up that provides an online learning platform for government job aspirants, on Friday announced that it was making all courses free to use for the next few days. According to co-founder Ashutosh Kumar, the company saw 250,000 transactions in the first 48 hours, which compares to 300-400 transactions on any normal day. 41.7 per cent of the users registering for courses were first timers.

Similarly, professional courses platform Great Learning has seen increased traction since launching its free of cost learning resource.

“We are receiving tens of 1000s of visitors daily on free learning resources; content consumption for our learning programs is seeing a 3x increase week on week,” said Great Learning co-founder Hari Krishnan Nair. Most of the surge was coming from metro cities such as Bengaluru, Mumbai, Chennai, Hyderabad and Delhi.

Source: https://www.entrepreneur.com/article/348112

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This is How Malicious #Deepfakes Can Be Beat – SPONSOR: Datametrex AI Limited $DM.ca

Posted by AGORACOM-JC at 5:15 PM on Tuesday, March 24th, 2020

SPONSOR: Datametrex AI Limited (TSX-V: DM) A revenue generating small cap A.I. company that NATO and Canadian Defence are using to fight fake news & social media threats. The company announced three $1M contacts in Q3-2019. Click here for more info.

This is How Malicious Deepfakes Can Be Beat

  • The growth of image manipulation techniques is eroding both trust and informed decision-making.
  • Although it is impossible to ID and prove fakes in real time, we can ascertain which images are truthful.
  • Software already exists that can verify images’ provenance – the next step will be hardware-based.

By Qrius

Today, the world captures over 1.2 trillion digital images and videos annually – a figure that increases by about 10% each year. Around 85% of those images are captured using a smartphone, a device carried by over 2.7 billion people around the world.

But as image capture rates increase, so does the rate of image manipulation. In recent years the level and speed of audio visual (AV) manipulation has surprised even the most seasoned experts. The advent of generative adversarial networks (GANs) – or ‘deepfakes’ – has captured the majority of headlines because of their ability to completely undermine any confidence in visual truth.

And even if deepfakes never proliferate in the public domain, the world has nevertheless been upended by ‘cheapfakes’ – a term that refers to more rudimentary image manipulation methods such as photoshopping, rebroadcasting, speeding and slowing video, and other relatively unsophisticated techniques. Cheapfakes have already been the main tool in the proliferation of disinformation and online fraud, which have had significant impacts on businesses and society.

The growth of image manipulation has made it more difficult to make sound decisions based on images and videos – something businesses and individuals are doing at an increasing rate. This includes personal decisions ranging from purchases on peer-to-peer marketplaces, meeting people when online dating, or voting; and business decisions, like fulfilling an insurance claim or executing a loan. Even globally important decisions are impacted, such as the international response to images and videos displaying atrocities or egregious violence in conflict zones or non-permissive areas, and much more.

Each of these very different use cases highlights two contradictory trends; we rely on images and videos more than ever before, but we trust them less than we ever have. This is a significant gap that is growing by the day and has forced government and technologists to invest in image-detection technology.

Unfortunately, there is no sustainable way to detect fake images in real time and at scale. This sobering fact will likely not change anytime soon.

There are several reasons for this. First, almost all metadata is lost, stripped or altered as an image travels through the internet. By the time that image hits a detection system, it will be impossible to reproduce lost metadata – and therefore details like the original date, time, and location of an image will likely remain unknown.

Second, almost all digital images are instantly compressed and resized once they are shared across the internet; while some manipulations are benign (such as recompression), others may be significant and intended to deceive the content consumer. In either case, the recompression and resizing of images as they are uploaded and transmitted makes it difficult, if not impossible, to detect pixel-level manipulations due to the loss of fidelity in the actual photo.

Third, when an automated or machine-learning-based detection technique is identified and democratized, bad actors will quickly identify a workaround in order to remain undetectable.

What makes detection even more difficult is social media, which disseminates content – fake or real – in seconds. Those intent on deceiving can inject fake content onto social media platforms instantly. Even successful debunking would likely be too late to stop the fake content from spreading, and cognitive dissonance and bias would more greatly influence consumers’ decisions.

So if detection will not work, how do we arm people, businesses and the international community with the tools to make better decisions? Through images’ provenance. If the world cannot prove what is fake, then it must prove what is real.

Today, technology does exist – such as Controlled Capture, software developed by my company, Truepic – that is able to both establish the provenance of images and to verify critical metadata at the point of capture. This is possible thanks to advances in smartphone tech, cellular networks, computer vision and blockchain. However, to truly restore trust in images on a global level, the use of verified imagery will need to scale beyond software to hardware.

To achieve this ambitious goal, image veracity technology will need to be embedded into the chipsets that power smartphones. Truepic is working with Qualcomm Technologies, the largest maker of smartphone chipsets, to demonstrate the viability of this approach. Once complete, this integration would allow smartphone makers to include a ‘verified’ mode to each phone’s native camera app – thus putting verified image technology into the hands of hundreds of millions of users. The end result will be cryptographically-signed images with verified provenance, empowering decision-makers to make smart choices on a personal, business or global scale. This is the future of decision-making in the era of disinformation and deepfakes.

Source: https://qrius.com/this-is-how-malicious-deepfakes-can-be-beat/

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INTERVIEW: Primo $PRMO.ca Provides Corporate Update / Join Forces with Beauty Kitchen to Produce Hand Sanitizer to Help Combat #COVID19 $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 4:13 PM on Tuesday, March 24th, 2020

As the impact of COVID-19 is felt across the globe, and with the reported cases of the corona virus spreading rapidly across Canada and the US, Primo proudly introduced a line of hand sanitizers in collaboration with Beauty Kitchen to help mitigate the spread of germs.

The directors of Primo are passionate about wanting to help their local communities fight the spread of germs by manufacturing the “Primo Clean” hand sanitizer and giving it away for free.

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PyroGenesis $PYR.ca Announces Receipt of First Payment Towards $25M+ DROSRITE™ Contract $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB

Posted by AGORACOM-JC at 1:09 PM on Tuesday, March 24th, 2020
  • Announced today that, further to its press release dated February 26th, 2020, the Company has received the first payment of approx. $1.44M under the exclusivity contract with Drosrite International LLC
  • In addition to the payment received today, PyroGenesis expects to receive further payments, the timing of which has been scheduled to match DI’s cash flow.
  • As previously disclosed, and as part of this exclusive arrangement between DI and PyroGenesis, DI will pay PyroGenesis approximately, based on current exchange rates, $25M over the next 12 months as well as approx. $3M per year (fixed) for the next two (2) years, together with a variable amount for the subsequent 18 years based on certain international benchmarks.

MONTREAL, March 24, 2020 — PyroGenesis Canada Inc. (http://www.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 products, is pleased to announce today that, further to its press release dated February 26th, 2020, the Company has received the first payment of approx. $1.44M under the exclusivity contract with Drosrite International LLC (“DI” or the “Client”).

In addition to the payment received today, PyroGenesis expects to receive further payments, the timing of which has been scheduled to match DI’s cash flow.

Please refer to DI press release1 dated March 23rd, 2020.
https://www.globenewswire.com/news-release/2020/03/23/2005020/0/en/Drosrite-International-LLC-Receives-First-Payment-under-US-17M-Contract-with-Radian-Oil-Gas-Services-Company.html

“The receipt of this first payment marks an important milestone for PyroGenesis as it triggers the official beginning of the project between DI and their client, in terms of benchmarks and deadlines,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “We are also happy to confirm that the supply chain is intact despite this pandemic. Once again, we are proud to see the DROSRITE™ technology being adopted by one of the premier aluminum smelters in the world. It indeed validates PyroGenesis’ DROSRITE™ technology, as it has become the dross processing solution of choice to a very credible end-user.”

As previously disclosed, and as part of this exclusive arrangement between DI and PyroGenesis, DI will pay PyroGenesis approximately, based on current exchange rates, $25M over the next 12 months as well as approx. $3M per year (fixed) for the next two (2) years, together with a variable amount for the subsequent 18 years based on certain international benchmarks.

DI is a US based private company duly constituted and existing under the laws of the State of Delaware, providing state-of-the-art waste management technologies to the aluminum industry. DI is duly licensed by PyroGenesis to manufacture, market, sell and distribute DROSRITE™ systems and technology to the Kingdom of Saudi Arabia, and certain other countries in the Middle East, on an exclusive basis. All DROSRITE™ systems supplied by DI are manufactured in the USA.

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]

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Primo $PRMO.ca #COVID19 Preparedness and Support commitment to join forces with Celebrity Driven Brand Beauty Kitchen to produce a Hand Sanitizer

Posted by AGORACOM-JC at 9:37 AM on Tuesday, March 24th, 2020
  • Signed a production order with Celebrity Driven Brand Beauty Kitchen to provide a free non-hydroalcoholic gel to local communities after fears of hand sanitizer shortages.

VANCOUVER, British Columbia, March 24, 2020 — PRIMO NUTRACEUTICALS INC. (CSE: PRMO) (OTC: BUGVF) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Primo” or the “Company”) is pleased to announce that it has signed a production order with Celebrity Driven Brand Beauty Kitchen to provide a free non-hydroalcoholic gel to local communities after fears of hand sanitizer shortages.

As the impact of COVID-19 is felt across the globe, and with the reported cases of the corona virus spreading rapidly across Canada and the US, Primo Nutraceuticals feel it is our obligation, as corporate citizens, to address every aspect of our operations with the goal of ensuring that our workplace has proper business protocols in place for business to continue; and that our business community, friends, family and the public at large are safe guarded. We are proud to introduce a line of hand sanitizers in collaboration with Beauty Kitchen to help mitigate the spread of germs in our communities.

The directors of Primo are passionate about wanting to help their local communities fight the spread of germs by manufacturing the “Primo Clean” hand sanitizer and giving it away for free.

Andy Jagpal, President Comments:

“Through this initiative, Primo intends to help address the risk of a lack of hand sanitizer products in our local communities which will enable a greater number of people to continue to take the right action to protect themselves from the spread of the germs.”

PRIMO’s move comes in the wake of widespread shortages of hand sanitizer across the globe. In New York Gov. Andrew Cuomo announced that the state would be employing inmates in order to produce its own hand sanitizer.

The CDC recommends washing your hands with soap and water whenever possible as it will significantly reduce the amount of all types of germs and chemicals on hands. However, if soap and water are not available, using hand sanitizer can help you avoid spreading germs to others. Please note however, that hand sanitizers may not be as effective when hands are visibly dirty or greasy.

About Beauty Kitchen

Beauty Kitchen is a company that manufactures fresh handmade beauty care, personal care, and cosmetics products, which was born from the hugely popular Beauty Kitchen YouTube series. The founder, Heather Marianna, a bubbly social media personality, translated her passion for looking and feeling her absolute best into the development of her all-natural beauty and skincare product line. Beauty Kitchen’s founder and CEO, Heather Marianna, skyrocketed in popularity with the launch of her Beauty Kitchen YouTube series in 2012 where she showcased simple, do-it-yourself beauty recipes made with common kitchen household ingredients. The series generated a powerful following of more than 4 million viewers. Beauty Kitchen is regularly featured in: Forbes, The Source, MTV, Bravo, The New York Post, People, Flipsnack, Vegas, Star Magazine, Radar Online and many more media outlets with a large following of celebrities who use their products which include; Sean “Puffy” Combs, Christina Milian, David Arquette, George Lopez, Larissa Lima, Shark Tank’s Barbara Corcoran, Candace Cameron, Jen Harley, Lou Ferrigno, The Real Housewives of Beverly Hills and others.
For more information visit: www.beautykitchenonline.com

About Primo Nutraceuticals

Primo Nutraceuticals Inc. (“Primo” or the “Company”) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate and farm friendly properties. Primo is dedicated to funding the rapid growth in production, processing, retail and branding of cannabis and cannabis related products in Canada and the United States. Primo provides fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. In addition to the Company’s flagship hemp project in Oregon State and the Greenhouse campus in Washington State, Primo has invested in several brands and is pursuing partnerships with retailers and distribution companies in Canada and the United States. Primo’s management is in the process of building a corporate road map to further vertically integrate the Company, specifically by way of “Primo” branded retail outlets – offering “Thrive,” “Primo,” and a selection of curated partner brands. The Company possesses proprietary formulas for cannabis edibles, topical, and tinctures. Primo is focused on building a strong presence in the hemp industry with the objective of extracting and selling cannabinoids (CBD) products in both Canada and the United States.

On behalf of the Board of Directors

PRIMO NUTRACEUTICALS INC.

“Andy Jagpal”

President and Director

To learn more about what this news means to the shareholders visit https://marketnewsfirst.com/primo-nutraceuticals

For further information, please contact Zoltan, IR Representative at: 604-722-0305 [email protected].

http://primoceuticals.com/
https://twitter.com/prmonutra
www.thriveCBD.org

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

No regulatory authority has approved or disapproved the information contained in this news release.

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Carnegie Mellon University Ideas Uses DataMetrex $DM.ca Nexalogy To Study Disinformation

Posted by AGORACOM-JC at 7:40 AM on Tuesday, March 24th, 2020
  • Announced that following establishment of interoperability between NexaIntelligence tech and Netanomics ORA-pro,
  • Nexalogy is becoming an affiliate member of the Carnegie Mellon University Center for Informed Democracy and Social Cybersecurity (IDeaS)

TORONTO, March 24, 2020 – Datametrex AI Limited (the “Company” or Datametrex”) (TSXV: DM) (FSE: D4G) is pleased to announce that following establishment of interoperability between NexaIntelligence tech and Netanomics ORA-pro, Nexalogy is becoming an affiliate member of the Carnegie Mellon University Center for Informed Democracy and Social Cybersecurity (IDeaS).

Dr. Kathleen Carley, from IDeaS commented “We look forward to working with Nexalogy.  They provide a unique and significant technology, NexaIntelligence, that will help us understand the spread of information and disinformation.  We are delighted that they will be affiliates of the Informed Democracy and Social-cybersecurity center (IDeaS).”

“Nexalogy is continuing its ‘Land and Expand’ approach to the USA market and membership in Carnegie Mellon University IDeaS will be a key component of networking and research collaboration in these efforts,” says Marshall Gunter, CEO of the Company.

The IDeaS website can be found here:

https://www.cmu.edu/ideas-social-cybersecurity/index.html

The Netanomics website can be found here:

http://netanomics.com/

About Datametrex

Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com).

For further information, please contact:

Marshall Gunter – CEO
Email: [email protected]Phone: 514-295-2300

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws.  All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

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.

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