A look at among the day’s highlights from the Proactive Investors US and Canada newswires
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc, which offers real-time knowledge analytics by synthetic intelligence, revealed that it has signed a $300,000 annual license with an auto-renewal with one of many world’s main insurance coverage suppliers. “Fobi earns income from this deal by an annual license price as nicely a license price per Wallet cross issued, producing month-to-month recurring income,” stated the corporate. Fobi’s Wallet cross platform will now allow the insurance coverage supplier to subject digital proof of insurance coverage passes for each auto insurance coverage and normal insurance coverage throughout 5 nations in Europe. The utilization of Wallet passes for digital proof of insurance coverage by international insurance coverage corporations may be very superior, and with this deal, Fobi is now powering three of the highest 10 international insurance coverage suppliers with their Passcreator Wallet cross platform.
Vicinity Motor Corp. (TSX-V:VMC) stated it has acquired an order from Olathe Fleet Solutions, a business truck dealership and fleet administration firm in Kansas, for over 150 VMC Optimal E1 electrical chassis value greater than US$19 million. Vancouver-based Vicinity famous that Olathe, primarily based in Olathe, Kansas is among the nation’s largest sellers within the business fleet {industry} – up-fitting and delivering over 20,000 vans nationwide yearly. “This order is the end result of effort and growth which started many months in the past with the Olathe crew and key end-user involvement,” Vicinity founder and CEO William Trainer stated in an announcement. “As a certified Ford ship-thru up-fitter, Olathe will be capable of supply best-in-class EV options for patrons throughout the Class 4 business automobile spectrum.
Ultra Resources Inc (TSX-V:ULT) is poised to start out drilling at its Laguna Verde lithium brine venture in Argentina after signing a contract with drilling firm Los Arcangeles SA. The Vancouver-based exploration firm is planning to sink three drill holes between 200 and 400 metres, and an extra diamond drill gap that can attain a depth of 400 metres, in response to an announcement. Los Arcangeles SA is anticipated to start out mobilizing its drill rigs within the second week of January.
Mindset Pharma Inc (CSE:MSET, OTCQB:MSSTF) introduced a collaboration with McQuade Center for Strategic Research and Development LLC (MSRD) — a member of the worldwide Otsuka household of pharmaceutical corporations — to develop psychedelic medication. MSRD has made a strategic funding to assist the invention and growth of novel chemical entity property of Mindset, the corporate stated. “Exploring a number of paths is important as we work to handle the distinctive wants of people residing with psychological well being situations,” stated Robert McQuade, president, McQuade Center for Strategic Research and Development. “We look ahead to collaborating with Mindset on these property and are hopeful that medical psychedelics may very well be permitted to deal with psychological sickness sooner or later.”
Ayurcann Holdings Corp, a number one Canadian hashish extraction firm, has introduced the launch of its excessive efficiency THC branded “Fuego” vapes in Ontario. The Toronto-based firm stated it would launch the road of Fuego merchandise by the Ontario Cannabis Store (OCS). Products shall be made accessible by further adult-use channels together with licensed retailers throughout Ontario, it added. “We are thrilled to announce Fuego’s preliminary entrance into the biggest Canadian market by the OCS, the place we’re optimistic about its market potential as an industry-leading worth model line,” CEO Igal Sudman stated in an announcement. “We have been efficiently promoting in NB, MB, SK (New Brunswick (NYSE:BC), Manitoba and Saskatchewan) and consider that the curiosity from customers and retailers will assist set the usual for vape merchandise in Ontario.”
Altaley Mining Corporation (TSX-V:ATLY) instructed traders that building of its Tahuehueto mine in Mexico was “very close to” completion, whereas operational enhancements at its producing Campo Morado asset continues to extend income and cut back prices. In a wide-ranging year-end replace, the junior useful resource agency stated it expects to enter a pre-production section at half capability at Tahuehueto throughout February 2022 when it would produce and promote gold-rich lead and zinc focus whereas declaring business manufacturing within the second half. Meanwhile, at Campo Morado, a five-year mine plan has been accomplished, which incorporates exploiting the El Largo, Fish, G9 and Southwest zones. Dewatering operations on the G9 and Southwest zones is sort of full with the zone anticipated to be totally dewatered by the top of January this 12 months. Copper focus manufacturing is earmarked to start through the second quarter this 12 months, which can add one other income stream.
Magna Mining Inc (TSX-V:NICU) introduced constructive assay outcomes from an additional 9 holes drilled on the Shakespeare mine through the 2021 drilling program. Highlights from the assay outcomes embody extensive Gap Zone intersections which recommend that the West and East zones are linked each at close to floor and at depth. The outcomes proceed to assist the assumption that the corporate can add important open pit mineral assets to its Shakespeare deposit, Magna chief government officer Jason Jessup stated in an announcement.
Bragg Gaming Group (TSX:BRAG, NASDAQ:BRAG) Inc stated its wholly-owned subsidiary ORYX Gaming has launched its content material within the UK for the primary time after going stay with 888casino, one of many world’s main on-line on line casino manufacturers, simply weeks after receiving its provider licence within the nation. The firm stated a collection of video games from ORYX’s unique RGS (distant gaming server) providing has been added to 888casino within the UK, together with video games developed by ORYX’s in-house studio and titles from GAMOMAT. Egyptian Magic, the debut title from Bragg’s soon-to-launch proprietary recreation growth studio, Atomic Slot Lab, can even be made accessible to native gamers. “The UK presents a considerable alternative for Bragg to proceed to develop its share in regulated international iGaming markets and we’re thrilled to companion with 888, an already valued companion and one of many main on-line betting and corporations, for the launch of our content material within the area,” Bragg chief business officer Chris Looney stated in an announcement.
American Manganese Inc. (TSX-V:AMY, OTCQB:AMYZF) stated it’s receiving further advisory companies and funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to assist its lithium-ion battery recycling pilot venture. The Surrey, British Columbia-based crucial metals firm stated the assist shall be used to advance its analysis and growth venture, entitled ‘Demonstration of Continuous Recycling of Cathode Material from Lithium-ion Battery Production Scrap’, which began in August 2021. The modification expands present help it’s receiving from NRC IRAP, which it introduced on August 13, 2021, the corporate added. “We have made nice progress up to now, and we’re extraordinarily happy to obtain this extra funding from NRC IRAP to assist the completion of our venture actions and goals,” president and CEO, Larry Reaugh, stated in an announcement.
Clean Air Metals Inc (TSX-V:AIR, OTCQB:CLRMF) introduced new assay outcomes from its 2021 drill marketing campaign on the Escape and Current PGE copper-nickel deposits on the firm’s flagship high-grade Thunder Bay North venture in Ontario. In an announcement, the Thunder Bay, Ontario-based firm stated drilling operations will resume on January 6, 2022. The agency shared new assays from the Escape South excessive grade zone that included Hole ELR21-083A, which intersected 46 meters (m) grading 19.6 grams per tonne (g/t) palladium equivalency (PtEq), composed of three.03 g/t platinum (Pt), 3.94 g/t palladium (Pd), 1.33% copper (Cu) and 0.51% nickel (Ni) from 399.0-445.0m downhole, together with 31.0m grading 25.0 g/t PtEq composed of three.90 g/t Pt, 5.10g/t Pd, 1.70% Cu and 0.63% Ni from 405.0-436.0m downhole.
KetamineOne Capital Ltd introduced that Dr. Corey Hilmas has been appointed to its Medical Advisory Board (MAB) and shall be assuming the function of interim chair. Additionally, Brigadier General (Ret.) Dr. Loree Okay. Sutton has additionally been appointed to the MAB. Dr. Hilmas presently additionally serves because the chief regulatory officer of the corporate’s wholly-owned subsidiary KGK Science Inc. KetamineOne stated he’s a revered scientist, medical physician, and former federal meals regulator within the US. After having accomplished his medical diploma and a doctorate in toxicology, he labored as a principal investigator for a few years and served on behalf of the US authorities on the Food and Drug Administration (FDA).
Western Magnesium Corp stated the TSX Venture Exchange has accepted for submitting documentation with respect to its non-brokered non-public placement introduced on November. 8, 2021, which can the difficulty of 1,375,499 shares at a purchase order worth of 68 Canadian cents (55 US cents) every along with 1,375,499 share buy warrants with an train worth of 93 Canadian cents (75 US cents) for a one-year interval with 21 placees.
Kintara Therapeutics (NASDAQ:KTRA) Inc, a biopharma firm targeted on the event of latest strong tumor most cancers therapies, introduced that its CEO Robert E. Hoffman will current on the HC Wainwright Bioconnect 2022 digital convention from January 10-to-13, 2022. The presentation shall be accessible on-demand starting at 7:00 am ET on January 10, 2022, and shall be accessible for 90 days. Investors can register to view the presentation here.
Numinus Wellness Inc, the psychological well being care firm advancing revolutionary remedies and protected, evidence-based psychedelic-assisted therapies, will launch its monetary outcomes for the quarter ended November 30, 2021, after market shut on Thursday, January 13, 2022. Interested events are invited to take part in its Q1, 2022 outcomes convention name and webcast, occurring on the identical day, at 5.30 pm EST/ 2:30 pm PT. To hearken to the stay webcast, register here. To take part within the stay convention name, please use the next dial-in info: 1 (833) 989-2968 (Toll-free North America); 1 (236) 714-4028 (International). A replay of the convention name will also be accessed after 8.30 pm ET/5.30pm PT on Thursday, January 13, 2022, at 1-800-585-8367 or 1-416-621-4642 (utilizing passcode 2670376). The replay shall be accessible till January 27, 2022.
TRACON Pharmaceuticals (NASDAQ:TCON), the medical stage biopharmaceutical firm targeted on the event and commercialization of novel focused most cancers therapeutics, has introduced that Charles Theuer, the CEO, will current a company overview on the H.C. Wainwright BIOCONNECT Virtual Conference, being held January 10-13, 2022. The presentation shall be accessible on-demand starting at 7am EST on Monday, January 10, 2022, within the Investors part on the company’s website.
https://www.proactiveinvestors.com/corporations/information/970413/na-proactive-news-snapshot-fobi-ai-vicinity-motor-ultra-resources-mindset-pharma-ayurcann-holdings-corp-970413.html
