American Resources Corporation has said its Carnegie 1 mine is set to double metallurgical carbon production with the development of a continuous haulage bridge section. The section, when completed, is expected to add revenue of $2.25 million to $3.5 million per month at current prices. The company's Carnegie 1 team is currently setting up the ventilation required to start the added bridge section with production anticipated to start in the next 60 to 90 days. “Our series of Carnegie mines and the McCoy Elkhorn complex are major contributors to our revenue, cash flow and future growth. Carnegie 1 is a very young mine to where we have advanced to the point in the resource seam where we can expand our mine plan by adding additional sections and further reduce the overall cost structure and increase performance,” Mark Jensen, CEO of American Resources said in a statement.
Champion Gaming Group Inc has said that it will not proceed with its previously-announced non-brokered private placement of secured convertible promissory notes. Instead, it will enter into promissory notes with arm's length creditors, secured by a general security agreement over the assets of the company, up to an aggregate principal amount of $800,000, the Toronto-based company said. The loan amount will be used for general working capital purposes.
Alternus Energy Group PLC has announced the appointment of Jon Masdal as an independent non-executive director with immediate effect, bringing the company's board to a total of six members. The international renewable independent power producer said Masdal is an Oslo-based portfolio manager with the Ludvig Lorentzen family office and was a top-ranked analyst in the Nordic energy sector for Norway's leading Investment bank, DNB Markets, where he worked for 10 years. A graduate of the University of New Mexico with a BBA in Finance and Accounting, he worked as an auditor at EY in Oslo before joining DNB.
Australis Capital Inc - dba AUDACIOUS - said it has entered into a credit facility with Lola Ventures, an entity controlled by the company's CEO Terry Booth. The facility will make up to $2.5 million available to the company, earmarked for general working capital purposes, including fueling AUDACIOUS' growth initiatives. "We have built an exceptional foundation with unique assets in New York State, New Jersey, Nevada, California and Thailand, and this credit facility signifies my strong confidence in our execution on the AUDACIOUS go-forward plan," said Booth. "The funds will enable us to inject cash into initiatives that will fuel revenue growth directly, and I look forward to informing the market regularly on our achievements."
VolitionRx Limited has announced the pricing of its underwritten public offering of 3,000,000 shares of its common stock at a public offering price of $2.00 per share. The gross proceeds to Volition from the offering, before deducting the underwriting commissions and other estimated offering expenses payable by Volition, are expected to be $6 million. Volition said it intends to use the net proceeds from the offering for research and continued product development, clinical studies, product commercialization, working capital and other general corporate purposes, including potential strategic acquisitions.
Planet 13 Holdings Inc has announced the results for each item of business considered at the company's Annual Meeting of shareholders held on Wednesday, July 27, 2022. Shareholders overwhelmingly elected all four director nominees, each with over 99% of the votes cast, and 99% of shares voted were also voted in favor of re-appointing Davidson & Company LLP as auditor and authorizing the board of directors of the company to fix the auditors remuneration for the following year.
Great Atlantic Resources Corp said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on June 16, 2022, and June 27, 2022, which will see it issue 8,165,000 shares at a purchase price of 10 cents per share, together with 8,165,000 share purchase warrants with an exercise price of 12 cents for a five-year period with 33 placees.
Lion Copper and Gold Corp said the TSX Venture Exchange has accepted for filing the company's proposal to issue 915,910 shares at a price of 8.5 Canadian cents (6.7 US cents) to settle outstanding debt for C$77,852 (US$61,366) with one creditor.
Electra Battery Materials Corporation has said it will release its second quarter 2022 financial results after market close on August 11, 2022. Senior management will host a conference call and webcast on August 12, 2022, at 10.00 am ET to review Electra's second quarter performance and discuss the near-term outlook. Dial-in and Webcast Details: North American dial-in number 1-800-319-4610; International dial-in number 1-604-638-5340; Webcast and slide presentation https://ElectraBMC.com/category/events/
CleanSpark Inc has said it will discuss fiscal third quarter 2022 financial results via a live webcast beginning 4.30pm ET / 1.30pm PT on Tuesday, August 9, 2022. Results will be released after the close of regular trading on August 9, 2022. To view the webcast, interested parties can visit www.cleanspark.com/investor-relations. Downloadable files, including transcripts, will be available on the company website 48 hours after the event.
Virtual Investor Conferences (VIC), the leading proprietary investor conference series, has announced that the presentations from the July 27 and July 28, 2022, Metals & Mining Growth Virtual Investor Conference are now available for on-demand viewing via the following link: https://bit.ly/3cGK3Om. 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 1x1 management meeting requests through August 2, 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. To view a complete calendar of Virtual Investor Conferences, investors can visit www.virtualinvestorconferences.com.