NA Proactive news snapshot: Sanatana Resources, Velocity Trade Capital, ESE Entertainment, Major Precious Metals, Vuzix UPDATE …

Sanatana Resources Inc announced that it has completed the majority of the preparations required to carry out the 2022 exploration program on its Oweegee Dome copper-gold project in British Columbia’s Golden Triangle region, which includes an initial 5,000 metre (m) drill program. The mineral exploration company said the drilling, which is expected to begin in late June 2022, will initially target the Molloy Zone, a monzonite intrusion with porphyry-style quartz-chalcopyrite stockwork veins that averaged 0.4% copper, 0.8 grams per tonne (g/t) gold, and 4.2 g/t silver from 15 samples collected in 2021. 

Velocity Trade Capital has started covering Ontario-focused Goldshore Resources Inc, which is advancing the Moss Lake project, with an ‘Outperform’ rating and an C$0.85 a share target price. In a note, the global broker-dealer said its target price reflected a company that includes an advanced exploration asset with “ample amounts” of key infrastructure in the region, along with “significant scale and resource expansion potential” beyond its 4 million ounce gold historical resource that would be of interest to major mining firms. Goldshore also has a First Nations community working relationship, and sits in an attractive jurisdiction mitigating geopolitical risks, said analysts.

ESE Entertainment Inc. revealed that its game technology subsidiary GameAddik has forged a partnership with Opera, one of the world’s major browser developers and a leading internet consumer brand. The company said the agreement focuses on providing advertising services in connection with the promotion of Opera GX, Opera’s gamer-oriented browser. Opera GX is built specifically for gamers and tailored to their needs. The browser offers unique features like CPU, RAM and Network limiters, customizable themes to help users get the most out of both gaming and browsing. It is available both on desktop and mobile for download.

Major Precious Metals Corp announced assay results from 11 holes drilled at its Skaergaard project in Greenland in 2021 that have confirmed palladium, platinum and gold at the property. In a statement, the Vancouver-based company said that results confirm grades and mineralised lengths for palladium (Pd), platinum (Pt) and gold (Au)

 in the four main mineralised horizons that comprise the mineral resource estimate (MRE). Drilling also confirmed precious metal mineralisation in five holes drilled in previously untested areas beneath the glacier, the company said. Highlights from the results include 2 metres (m) at 3.38 grams per ton (g/t) palladium equivalent ounces (PdEq), including 0.5m at 7.3 g/t PdEq, and 2.5m at 2.98 g/t PdEq, including 0.5m at 7.4 g/t PdEq.

Vuzix Corporation said it has received an additional follow-on order for its Vuzix Blade Smart Glasses from Medacta. The Rochester, New York-based company said the order is in connection with Medacta’s launch of its NextAR shoulder augmented reality surgical platform in Europe and the US. Medacta’s NextAR surgical shoulder platform is the first CE-marked and FDA-cleared augmented reality surgical application with intraoperative guidance for total shoulder replacement. It has been successfully used to treat more than 200 patients in Europe and the United States since first introduced in June 2021.

GreenBank Capital Inc announced that Staminier Limited, its 19% owned portfolio company,  has chosen to stake an initial 233 million of its Freeway Tokens on the Freeway platform and to invest the staking rewards into Freeway’s US dollar supercharger. The next-generation merchant banking company said Staminier’s 233 million staked Freeway Tokens are currently valued at about C$5.86 million, which is expected to generate approximately C$20,000 per month in revenue.

Endeavour Mining PLC has said its 2022 AGM will be held on May 24, 2022, at 2.00pm London time (9.00am Toronto time) at the offices of Linklaters LLP, One Silk Street, London. A copy of the notice of AGM is available at As announced in March this year, Srinivasan Venkatakrishnan and Ian Cockerill will stand for election to the board of directors. Sofia Bianchi and Dr Carmen Letton have decided not to stand for re-election at the AGM and will therefore step down with effect from May 24.  Michael Beckett, outgoing chair, said: “The Board is enormously grateful for the insights that Ms Bianchi has brought to the Board of Directors, and for the dedication she has shown in performing her many committee roles, as well as her extremely valuable contribution to the Company’s governance processes while implementing its 2021 LSE listing, and in leading the search for my successor which has now reached a successful conclusion with the appointment of Venkat. I would also like to record the gratitude of the entire Board for the dedication and expertise that Dr Letton has contributed to the Board. She has impeccable credentials and expertise as an operational and technical mining professional, and the Board has benefited from her considerable experience. The Board wishes both Ms Bianchi and Dr Letton every success in the future.” Chair elect, Srinivasan Venkatakrishnan, added: “I believe a Board of nine directors, with half the Board (excluding the independent Chair) comprising independent directors, appropriately balances size and compliance with UK corporate governance best practice. I look forward to working with the Board once I assume the Chair role.” The AGM will be held in a hybrid format conducted for those attending via the electronic platform as a live webcast.

Arrow Exploration Corp chief executive officer Marshall Abbott, has shared his company’s story in an interview with TMX Group. ‘The View From The C-Suite’ video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest View From The C-Suite investors can visit

EverGen Infrastructure Corp (TSX-V:EVGN) has reported financial results for the three-month period and year ended December 31, 2021, showing growth in revenue and adjusted EBITDA in a transformational year for the company.  Overall during 2021, EverGen generated $9.6 million of revenues and $2.8 million of adjusted EBITDA, in line with budgeted expectations. As of December 31, 2021, EverGen had cash and cash equivalents of $19.6 million, restricted cash of $2.7 million and a working capital surplus of $20.9 million. Following the initial public offering in August 2021, EverGen said it has maintained its strong cash position, placing it with a unique opportunity to execute on existing and future expansion projects.

Plurilock Security Inc. (TSX-V:PLUR)said its wholly-owned subsidiary Aurora Systems Consulting Inc has received a purchase order from a California-based pension fund for its Plurilock DEFEND continuous authentication solution. The order is the first cross-selling purchase order through Aurora for Plurilock’s DEFEND technology offering, and includes ongoing maintenance support, the Victoria, British Columbia-based company said. “We are pleased to report the completion of our first cross-sale of Plurilock’s cutting-edge DEFEND solution,” said Plurilock CEO Ian L. Paterson in a statement. “This order highlights the strategy we developed following the acquisition of Aurora in April 2021, where we first acquire profitable cybersecurity companies with prominent customers, and then leverage those distribution channels to cross-sell our high-margin proprietary products.”

Alkaline Fuel Cell Power Corp. (NEO:PWWR.AQN) said it has completed the acquisition of AI group’s combined heat and power (CHP) generation business, providing the company with immediate recurring, long-term gross operating income from a current active account. The AI group comprises AI Renewable 2018-I Limited Partnership, AI Renewable 2020-I Limited Partnership and 2191 Yonge Ltd, and the deal was previously announced on March 4, 2022. The CHP generation business also has a pipeline of projects, that once secured, will provide additional sources of gross operating income. Securing the pipeline of projects remains subject to mutual agreement with the potential accounts, the company said.

Outlook Therapeutics (NASDAQ:OTLK) has revealed that BioLexis Private Limited, a strategic shareholder in the pre-commercial biopharmaceutical company, is being reorganized and has resulted in GMS Holdings emerging as its largest shareholder. The Singapore and Iselin, New Jersey-based biopharma company noted that the BioLexis reorganization, which does not entail any changes in the indirect ownership of Outlook Therapeutics, provides GMS Holdings with “increased flexibility” to support Outlook’s growth as its largest shareholder. Following an agreement among BioLexis, GMS Ventures & Investments (GMS V&I), and certain GMS affiliates on April 21, 2022, GMS V&I has taken direct ownership of all the shares of Outlook Therapeutics that were indirectly owned by GMS Holdings through BioLexis.

Gratomic Inc. (TSX-V:GRAT, OTCQX:CBULF) has announced the production of the first batch of processed graphite from its Aukam plan in Namibia – the site’s first product since 1974 – as part of the wet commissioning process and operational readiness that the facility is currently undergoing. The company’s first Product in Bag (PIB) milestone was achieved by generating one metric ton of material that was produced and transferred to inventory. “This material will be sent to SGS Lakefield for product development in the fulfillment of the company’s obligation to modify the product to suit the needs of the end users,” the company said. The product line-up will include SG16, which is targeted for anode material development and spheronization; M97, which is highly refined but not spheronized; and C99 and +895, which are less targeted for specific applications, Gratomic said.

Naturally Splendid Enterprises Ltd announced it has executed a National Food Service Broker Agreement with Tri-Elite Marketing Ltd to market the plant-based entrees, Plantein, across Canada. Tri-Elite will focus on securing food service listings across Canada for Naturally Splendid’s line of plant-based, meat alternative entrees, according to a release from Naturally Splendid. The food marketing group has over 20 full-time sales representatives across Canada dedicated to servicing Tri-Elite clients and expanding their distribution.

Kontrol Technologies Corp said it has been selected to provide ongoing building energy system management services to nine new buildings, under multi-year service agreements, for two new commercial building customers. “We are pleased to continue to add new customers under our recurring revenue platform and expand into 9 new buildings,” Paul Ghezzi, CEO of Kontrol Technologies said in a statement. “As energy costs continue to rise, our service and technology platform offers real-time energy management, monitoring and controls which can help run a more efficient building.” Kontrol also said that, further to its press release dated March 23, 2022, it intends to seek to monetize carbon credits from energy efficiency upgrades through the CSA Clean Projects Registry.

Pure Gold Mining, Inc. (TSX-V:PGM, LSE:PUR, OTC:LRTNF), the Red Lake-based gold producer, revealed that it has agreed a further credit facility with lending partner Sprott of up to US$6 million, which provides it with the “liquidity and time needed to maintain the positive momentum of its operational turnaround” as well as a new interim CEO. Sprott has also agreed to waive any existing defaults under the credit agreement, stream purchase agreement, and production payment agreement for a period ending no later than May 15 this year. As part of the new deal, PureGold will immediately pursue an equity financing for net proceeds of at least US$5 million to be received by the above date. Chris Haubrich, PureGold’s finance chief, said the Sprott deal would also allow “optimization initiatives currently underway” at the firm’s flagship mine in Ontario, while the company continues “working toward updating our Life of Mine plan and evaluating a wide range of strategic and potential financing alternatives”.

Helix BioPharma Corp. (TSX:HBP) said it has closed a private placement financing for net proceeds of $2,002,000 from the issuance of 7,700,000 common shares at a price of $0.26 per common share. The company noted that Jerzy Wilczewski, an insider of the company, subscribed for all the 7,700,000 common shares issued under the private placement.  As a result of the closing of the private placement, Wilczewski now owns or exercises control or direction over 31,167,153 common shares, representing approximately 19.85% of the issued and outstanding common shares of the company on a non-diluted basis, or approximately 27.15% on a partially diluted basis, assuming the full exercise of the 15,739,500 common share purchase warrants that Wilczewski owns or exercises control or direction over. “In the last few months, I have increased my investment by another 3M (million) as I have great confidence and trust in the new team and their strategy,” Wilczewski said in a statement.

ESE Entertainment Inc. (TSX-V:ESE) said it has closed the third and final tranche of its previously announced of its private placement of convertible note units for gross proceeds of $75,000 through the issuance of 75 units at a price of $1,000 each. Between the prior tranches and the third tranche, the company issued a total of 1,680 Units, for aggregate gross proceeds of $1,680,000. The company said it intends to use the net proceeds from the offering to fund acquisitions and business development and for general working capital purposes. In a statement, Konrad Wasiela, CEO of ESE, commented: “We are pleased to close on aggregate gross proceeds of $1,680,000, which will directly help us execute on our growth initiatives in the months ahead. We are always cognizant of shareholder value and believe the terms and conversion price of $1.60 per share is in the best interest of our entire shareholder base. We are in a period of growth and look forward to continued execution in our business.”

Co-Diagnostics (NASDAQ:CODX)has announced that it will be hosting a booth at the upcoming 32nd European Congress of Clinical Microbiology & Infectious Diseases (ECCMID), held April 23-26, 2022, in Lisbon, Portugal. The congress, which brings together experts from clinical microbiology and infectious disease fields to present their latest findings, guidelines and experiences to an audience of over 14,000 colleagues, will also feature a hybrid format for the first time, to facilitate an onsite and online experience for attendees allowing for remote and face-to-face opportunities. Co-Diagnostics said it believes that the congress will provide opportunities for company representatives and distributors to interface with a wide cross-section of potential international customers for the company’s products. To learn more about the conference, including in-person and virtual registration details, interested parties can visit Attendees interested in learning more about the company and its products, including its upcoming point-of-care and at-home rapid PCR diagnostics platform, are invited to visit Booth # 2-26.3.

O3 Mining Inc (TSX-V:OIII, OTCQX:OIIIF) has announced that on April 21, 2022, it acquired an aggregate of 46,273,265 newly issued common shares of Cartier Resources Inc, having a deemed value of 14.5 cents per Cartier share, representing aggregate consideration of approximately $6.7-million, based on the closing price of the Cartier shares on the TSX Venture Exchange as of April 20, 2021. Immediately prior to giving effect to the transaction, the corporation had no beneficial ownership of, or control and direction over Cartier shares/ Immediately after giving effect to the transaction, the company had beneficial ownership of, or control and direction over, 46,273,265 Cartier shares, representing approximately 17.5% of the issued and outstanding Cartier shares. O3 Mining said the Cartier shares have been acquired for investment purposes and it has no current intention of increasing its ownership of, or control or direction over, additional securities of Cartier. O3 Mining added that it may, from time to time, increase or decrease its ownership of the consideration shares or other securities of Cartier depending on market and other conditions.

Forward Water Technologies (TSX-V:FWTC) has announced that Howie Honeyman, its president and CEO, as well as Grant Thornley, its vice-president of Engineering Sales will be attending Water in Mining Global Summit being held at the DoubleTree by Hilton in Toronto from April 25 to April 27, 2022. The Water in Mining Global Summit is held annually in support of international mining companies seeking new and innovative ways to improve water conservation and is essential to attend for professionals both in the clean technology and mining industry. The summit sheds light on the increasing internal and external pressure for mining companies to have a sustainable and ethical approach to water management and stewardship. Honeyman commented: “Presenting our solution to the mining industry to solve their water treatment and re-use needs is critical for the adoption and growth of the Forward Water technology. We are excited to heighten the awareness of our new approach for water treatment to the mining industry experts.” The Company is an environmentally focused company using proprietary cutting-edge technology to recover water that would be permanently lost given traditional treatment methods. This summit is of immense importance as a flood of innovation and technology is helping to manage water and change traditional approaches to the way water is used in mining. For details on the summit, investors can visit the following link:

Virtual Investor Conferences (VIC), the leading proprietary investor conference series has announced that the presentations from the April 21, 2022, iGaming and Entertainment Virtual Investor Conference are now available for on-demand viewing via: The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company’s resource section. Companies are accepting 1×1 management meeting requests through April 26, 2022. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. To view a complete calendar of Virtual Investor Conferences, investors can visit

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