July 23, 2024

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Mydecine Innovations Group Inc, Nova Royalty Corp, Trust Stamp Inc, Argentina Lithium & Energy Corp, Think Research Corporation, Pathfinder Ventures Inc, Nomad

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Mydecine Innovations Group Inc (OTC:MYCOF, NEO:MYCO) announced that, in connection with its previously announced Common Share Subscription Agreement with a third-party investor dated March 18, 2022 and the subsequent filing of a second shelf prospectus supplement in connection therewith on April 27, 2022, the company has closed the second issuance under the Subscription Agreement. The offering resulted in the issuance of 1,254,396 Mydecine shares at a price of $1.35 per share for aggregate gross proceeds of $1,693,434.60. The company will use the proceeds of the offering as described in the prospectus supplement. In connection with the closing of the offering, the Company paid a cash finder’s fee equal to 3% of the net proceeds to a certain finder. Mydecine’s first issuance under the subscription agreement resulted in aggregate gross proceeds of $333,333.35.

Nova Royalty Corp reported revenue of C$703,044 in the 2021 financial year as its first cash-flowing royalty on the Aranzazu mine has exceeded performance expectations, according to the company. CEO Alex Tsukernik told shareholders that performance at Aranzazu, which is operated by Aura Minerals Inc, has exceeded the firm’s initial expectations, having achieved multiple throughput expansions and cost reductions since 2018.  The royalty is currently generating approximately US$1.5 million to US$2.0 million of revenue on an annualized basis, with Aura guiding toward future production increases.

Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) Inc announced that it has entered into a Memorandum of Understanding (MOU), in which its Quantum Foundation will join Malta Enterprise and Plug and Play Switzerland as founding members of the Malta Acceleration Program. The Atlanta-based creator of proprietary artificial intelligence solutions said the Malta Acceleration Program’s objective is to strengthen the innovation platform and startup ecosystem in Malta.  

Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQB:PNXLF) said it had completed geophysical surveys at its Rincon West lithium project in Argentina – with good results. The Vancouver-based junior said that results had expanded the potential extent of conductive brine aquifers at the project and will be used to target drilling at the property, which is set to start in May. The surveys provide electrical resistivity data capable of detecting and delineating conductive strata potentially associated with concentrated lithium brines, Argentina Lithium told shareholders.

Think Research Corporation (TSX-V:THNK), a healthcare technology company, reported fourth-quarter revenue of $19.1 million and full-year 2021 revenue of $47.8 million, a whopping 438% and 178% increase over the same periods a year earlier. Those figures, both record highs, easily top the company’s fourth-quarter revenue of $3.5 million and full-year revenue of $19.4 million in 2020. Adjusted EBITDA was nearly break-even for the quarter at negative $200,000 and negative $6.6 million for the year. 

Pathfinder Ventures (TSX-V:RV) Inc has reported a substantial increase in its 4Q revenue following the company’s acquisition of three camp resorts in British Columbia. For 4Q 2021, the company reported revenue of $465,575, compared to $108,936 for the same period in 2020, which Pathfinder attributed to the acquisition of the camp resorts. Pathfinder CEO Joe Bleackley said in 2021 the company had laid the foundation and groundwork for a successful future in Canada’s growing RV resort industry.

World Copper Ltd (TSX-V:WCU, OTCQB:WCUFF) said it had confirmed key growth drivers for its recently-acquired Zonia copper project in Arizona. An internal technical review confirmed resource expansion targets, new discovery potential and opportunity to enlarge the project. World Copper said it had assessed Zonia’s potential to host significantly more copper mineralization, and is currently working on exploration drilling targets along the southwest to northeast long-axis of the Zonia deposit and below the existing resource.

Lucky Minerals (TSX-V:LKY, OTC:LKMNF) (Lucky Minerals (TSX-V:LKY, OTC:LKMNF), Lucky Minerals (TSX-V:LKY, OTC:LKMNF)) Inc has announced that it has completed targeting for an upcoming drill program at the Wayka epithermal gold discovery at its Fortuna property in southern Ecuador which has shown strong mineralization in surface samples. The company said mobilization for the drilling campaign was underway, with drilling set to begin in June. Lucky said highlights from the discovery zone revealed by recent high-grade trenching include 5.24 grams per tonne (g/t) gold across 14 metres, 8.02 g/t gold over 9 metres, and 1.67 g/t gold over 61 metres.

Gratomic Inc announced that it has completed 1,734.3 metres (m) of a 5,000m drilling campaign on its Capim Grosso graphite project in Brazil’s Bahia State. The graphite project developer said 15 diamond drill holes were completed to date, with results that included 11.2m of 13.1% total graphitic carbon (TGC), while two additional holes are in progress. The company noted that all drill holes to date have intersected graphite.

FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) reported its 4Q and full-year 2021 financial results highlighted by strong revenue growth from its global gaming strategy. During the three-month period to end December 31, 2021, FansUnite saw its revenue nearly triple to C$2.98 million, compared to $760,000 in the same period a year prior.  For the 2021 financial year, FansUnite reported revenue of $5.6 million, a 260% increase over 2020 levels of $1.56 million. The growth was driven by FansUnite’s multiple revenue streams from its B2C brands, such as Scottish sportsbook McBookie, Brazilian esportsbook VamosGG, and its Askott Games subsidiary. 

Todos Medical Ltd announced that its subsidiary 3CL Pharma Ltd has received a new certificate of free sale (CFS)  for Tollovid dietary supplement. The CFS from the US Food & Drug Administration provides for both a five-day support dosing regimen and a 30-day maintenance dosing regimen of Tollovid Maximum Strength, and reiterates the 3CL protease in vitro inhibitor language allowed on prior labels for Tollovid, according to a statement. Todos said that it believes this new CFS will help customers “more easily navigate using the product given the recent increase in interest for Tollovid.”

Vivakor Inc (NASDAQ:VIVK) (Vivakor Inc (NASDAQ:VIVK)) has announced that is has reached an agreement with JVS Holdings doing business as EMS Management to manage its Houston operations with a focus on remediating waste oil sludge from refineries and midstream oil operators. The company said following the signing of a Master Work Agreement with EMS, the two parties would work together to deploy Vivakor’s remediation processing centre (RPC) technology in the Houston area, with EMS to supply operational expertise and personnel on site and to procure waste treatment contracts. The parties have identified potential sites and will soon announce a precise location for the deployment of the first RPC, which is fully funded through a special purpose vehicle and expected to be deployed in June.

American Eagle Gold Corp (TSX-V:AE) reported that it continues to advance its British Columbia copper-gold porphyry project NAK. The Toronto-based company revealed that Charlie Greig, who led the discovery of GT Gold’s Saddle copper-gold deposit, is advising and executing American Eagle’s exploration program at NAK. The company noted that it is “fully funded for NAK’s 2022 exploration program” and is waiting for its permit to begin drilling. American Eagle said the planned drill program on NAK consists of 8 diamond drill holes totaling 4,500 meters (m), targeting the newly-identified geophysical feature within a well-understood copper-gold porphyry province. NAK’s known copper-gold porphyry mineralization is open at depth, and the compelling deep geophysical signature is analogous to Newcrest’s Red Chris Mine and Newmont’s Tatogga project in northwest British Columbia.

Recruiter.com Group Inc revealed that it has signed an Accounts Receivable-backed factoring agreement to support its growth from Bay View Funding, a subsidiary of Heritage Bank of Commerce, a top community business bank in the heart of Silicon Valley. The New York-based company said the new $3 million factoring facility will provide capital in an amount that is equal to 85% of Recruiter.com’s gross eligible receivables. On December 31, 2021, Recruiter.com had $5.65 million of accounts receivable, net of allowance for “doubtful accounts outstanding,” said the company. “This arrangement is a good source of non-dilutive capital for Recruiter.com that accelerates receipt of our expanding receivables from a high-quality partner and bank subsidiary,” Recruiter.com CEO Evan Sohn said in a statement.

BioVaxys Technology Corp has moved to expand patent coverage for its cancer vaccine platform by filing an international patent application through the Patent Cooperation Treaty (PCT), the company announced. The application would grant Vancouver-based BioVaxys’ platform broad geographic market coverage outside the US for cervical cancer, according to a statement.

One World Lithium Inc (OWL)

 announced that due to the recent poor drilling results on its Salar del Diablo property in Mexico, it has terminated its letter of intent with Energy Metals Discover Group (EMDG). Under the termination agreements with EMDG, the company has conveyed all of its right, title and earned interest in the property. OWL said all the parties agreed to release each other from any and all claims that they may have against each other to date and the company would have no further rights title and earned interest in the property. As well, the company noted it has terminated its share purchase agreement with Stand Up Investments Ltd and a third party. Under this termination agreement all parties have agreed to release each other from any and all claims that they may have against each other and the company has no further payments or share issuances to the former and original shareholders except a $25,000 termination fee that is due no later than December 31, 2022, by way of a promissory note bearing simple 6% interest dated April 29, 2021.

Perma-Fix Environmental Services (NASDAQ:PESI) Inc announced that it will host a conference call at 11 AM EDT on Thursday, May 5, 2022. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2243/45480 or in the investor section of the company’s website. The conference call will be available via telephone by dialing toll free 877-545-0523 for US callers or +1 973-528-0016 for international callers, and by entering access code: 403356. The conference call will be led by Perma-Fix CEO Mark Duff, Dr Louis Centofanti, executive vice president of strategic initiatives, and Ben Naccarato, executive vice president and chief financial officer of Perma-Fix Environmental Services (NASDAQ:PESI), Inc. A webcast will also be archived on the company’s website and a telephone replay of the call will be available approximately one hour following the call, through May 12, 2022, and can be accessed by dialing 877-481-4010 for US callers or +1 919-882-2331 for international callers and entering access code: 45480.

Nomad Royalty (TSX:NSR) Company Ltd announced that it has agreed to be acquired by Sandstorm Gold Ltd (TSX:SAND) in an all-stock transaction valued at about C$755 million. The gold & silver royalty company said its shareholders will receive 1.21 common shares of Sandstorm for each Nomad Royalty (TSX:NSR) share held, which represents a premium of about 34% based on the 20-day volume-weighted average prices of both companies.

Plurilock Security Inc has published its results for the fourth quarter and 12 months to December 31, 2021, which revealed strong revenue growth boosted by the acquisition of ASC during the period. Separately, the company also announced the appointment of Jennifer Swindell to its board of directors. Plurilock said its full-year revenue totalled $36.62 million, compared to $479,329 for the year ended December 31, 2020. The sharp increase in revenue was primarily due to the solutions division revenue generated from the ASC acquisition on March 31, 2021, the company said. “During the fourth quarter, Plurilock demonstrated strong sales growth, which resulted in the company ending fiscal 2021 with a total annual revenue of approximately C$36.6 million,” said Ian L Paterson, CEO of Plurilock in a statement.

Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF) has announced that it is expanding its TRENDI brand to California, starting with premium small-batch flower strains. TRENDI will be exclusive to Planet 13 Orange County to start with, the company said. “We are excited to begin bringing our portfolio of award-winning brands to California starting with TRENDI,” said Bob Groesbeck, co-CEO of Planet 13 in a statement.  “Now that we are fully vertically integrated in California, we have the ability to introduce all of our brands to increase margins at our retail location and to enter into the wholesale market.,” he added.

Versus Systems Inc said it has entered into a Master Service Agreement with branded entertainment agency ENT Marketing Inc to support new client activations using its Versus XEO platform for fan engagement and rewards. The company noted that the first collaboration between Versus and ENT Marketing was a recent marketing promotion for a popular fast-casual chicken restaurant chain, where Versus powered the customized promotion’s fan engagement and prizes based on the XEO platform’s popular basketball game Swish. “This engagement represents the first use of Versus’ XEO platform in a quick-service restaurant (QSR) activation, opening a new vertical for the company’s leading-edge audience engagement technology,” Versus said.

Metal Energy Corp reported that it has intersected nickel sulphide mineralization in every drill hole throughout the initial six-hole, 2,350 metre drill program at its Manibridge project in Manitoba. The junior company said that intersections had expanded the known mineralized envelope, with two holes filling in the gaps between the mineralized shell, leaving mineralization open at depth. Confirmation of sulphides ranged from 3.7 metres to 16.8 metres thickness, and a couple of drill holes intersected small occurrences of massive net-textured sulphides, the company said.

Tiidal Gaming Group Corp (CSE:TIDL) has announced that its wholly-owned Sportsflare division has been nominated as a finalist for the ‘esports betting supplier’ award category in the 2022 EGR B2B Awards. The EGR Awards are regarded as the premier awards for global iGaming companies, which recognizes the top suppliers in the global egaming industry. Sportsflare has been nominated alongside several well-recognized esports betting technology providers such as BetConstruct, Digitain, GameScorekeeper and Pinnacle Solution. “We are excited to be selected as a finalist in the ‘esports betting supplier’ category for the upcoming 2022 EGR B2B Awards,” said Tom Hearne, CEO of Tiidal Gaming in a statement.

Altaley Mining Corporation (TSX-V:ATLY) has posted consolidated financial results for full-year 2021 that saw its gross revenue jump 121% year-over-year, helping the Canadian mining company log a positive net income. For the year ended December 31, 2021, the Vancouver-based mining company with two wholly owned Mexican gold, silver, and base metal mining projects, reported gross revenue of $98.4 million. Altaley clocked up a positive net income of $36.2 million, up from the previous year’s loss of $11.6 million. It also reported basic earnings per share of $0.15.

Canada Silver Cobalt Works Inc said it has revised the purchase and sale agreement to acquire a 10-acre property fronting Highway 11 near Cobalt, Ontario that will be used as the central hub for all of the company’s Ontario and Quebec operations for $400,000 in cash. The company announced in December last year that it had entered an agreement to purchase the industrial-zoned property for $604,000. Canada Silver Cobalt said the property, currently being leased by the company, houses a 4,000 square-foot, fully serviced warehouse that serves as its main core processing facility. Its proximity to Highway 11 allows for easy transportation of core, samples, and distribution of company staff to projects across Ontario and Quebec, it added.

Lingo Media Corporation (TSX-V:LM) has reported positive 4Q 2021 and 2021 financial results as the company builds its portfolio of innovative digital learning technologies. In a statement, Lingo CEO Gali Bar-Ziv said the company continued to focus on growth and profitability, while investing in its product portfolio and growing its sales and marketing teams. “We intend to pursue more partnerships and expanding our reach to gain greater growth opportunities for the upcoming years,” Bar-Ziv added. The EdTech company reported a profit for 4Q 2021 of C$773,304 or $0.02 per share, compared to $609,576 or $0.02 per share for the same period in 2020. The company posted revenue of $1,296,759 for 4Q 2021, compared to $958,766 for the same period in 2020.

Usha Resources Ltd (TSX-V:USHA) said it has received the final approval from the TSX Venture Exchange (TSXV) for its mineral property option agreement with Ares Strategic Mining (TSX-V:ARS) Inc, announced earlier this year, to acquire a 100% interest in 140 mineral claims located in Jackpot Lake, Clark County, Nevada. “The closing of this acquisition is a key transformative event that firmly establishes the company as a North American battery metals explorer,” Deepak Varshney, CEO of Usha Resources said in a statement. “We are very excited to move this project forward and plan on completing an aggressive exploration program by drilling both shallow and deep holes with the goal of completing a 43-101 resource estimate by Q4 of 2022,” he added.

Phunware Inc (NASDAQ:PHUN) said it has engaged Moneta Advisory Partners, LLC, co-founded by Jon Najarian, to launch a multi-channel thought leadership program to expand awareness of the company and its role as a pioneer in Data-Driven Consumer Engagement solutions. “I have spent my career understanding capital markets and sharing my experience with others so they can more easily navigate market trends and learn about compelling companies,” said Najarian. “Moneta is excited to work with Phunware to help market participants understand just how transformational their data-driven platform can be for enterprise clients and the role their blockchain technology can play in helping large brands better engage with consumers. The role of data in creative, powerful, cost-effective consumer engagement cannot be understated.” Najarian was a linebacker for the Chicago Bears before he turned to another kind of a contact sport – trading on the Chicago Board Options Exchange.  Today, he is a host on CNBC, a professional investor, money manager, stock & crypto markets analyst. “Last year, revenues grew 50% from Q2 to Q3 and over 150% from Q3 to Q4, while this year, we’ve guided analysts to at least 250% YoY growth in both Q1 and Q2 with an expected target of at least $25M in revenue for 2022,” said Randall Crowder, COO of Phunware. “Coupled with a strong balance sheet and the recent launch of PhunToken (PHTK), we are at an inflection point and excited to work with industry luminaries like Jon to share the Phunware story more broadly across crypto, retail and institutional investor communities.”

Belmont Resources Ltd said it helped to arrange the exercising of 2,511,500 warrants in April 2022; exercised at $0.05 per share for gross proceeds of $125,575. The company thanked shareholders & investors for their continued support of Belmont as it moves forward on the completion of its first phase CBC-B.C. (copper/gold) drilling program, and continued drilling on its Lone Star-Washington (copper/gold) joint venture drilling, as well as the upcoming Kibby Basin-Nevada (lithium) joint venture drilling program. The company said its joint venture partner Marquee Resources Ltd (ASX:MQR) anticipates the starting of drilling approximately 3,000 metres on the Kibby Basin lithium project by mid May 2022.

Nickel North Exploration (TSX-V:NNX) Corp said it has closed the first tranche for $470,500 of the $1 million private placement it previously announced on April 5, 2022. The company said the proceeds of the current financing will be used for field exploration programs on its Hawk Ridge Ni-Cu-PGE-Co project, on updating previous NI 43-101 resource estimate and historical reserves to the current 43-101 compliant resources, and general working capital. In a statement, Dr Tony Guo, CEO and president of Nickel North Exploration (TSX-V:NNX) commented: “We had seen good interest in the entire battery metals space especially nickel in recent months. Nickel is truly one of the most critical elements in the EV and energy storage narrative today especially with the dominant switch to electrification. Hawk Ridge, our flagship asset, will benefit tremendously from support by Quebec government and Federal government in battery plants and considerations for critical element grants.”

Golden Minerals Company (NYSE-A:AUMN, TSX:AUMN, ETR:7GB) announced that mining operations executive John Galassini has joined the company as its chief operating officer, effective May 9, 2022. Golden Minerals said it was very pleased to welcome Galassini to its executive team, noting that he brings to the role more than 30 years of mining operations experience, during which he has successfully managed some of the world’s largest open-pit mines and numerous underground operations. As COO, it added, Galassini will be responsible for leading the company’s Mexican mining operations, including the operating Rodeo gold-silver mine and the Velardena Properties, our underground gold-silver mines that are nearing a production restart decision.

FSD Pharma (CSE:HUGE, NASDAQ:HUGE) Inc has announced that on April 15th, 2022, it entered into a contract with Tekkfund Capital Corp (TCC) for services to structure and assist with certain business development strategies under which the company will (i) pay TCC a monthly fee of C$12,500 plus HST; and (ii) issue, on a monthly basis, 7,000 Class B subordinate voting shares of the company to TCC for the duration of the agreement. The agreement has an initial term of 24 months and may be extended by mutual consent of the parties. The TCC consideration shares will be subject to a four-month hold period commencing on the date of distribution in accordance with Canadian Securities Exchange (CSE) requirements. In addition, on March 9, 2022, FSD issued 30,000 Class B subordinate voting shares at the closing market price of the company’s Class B subordinate voting shares on the CSE on the date of issuance to Crystal Research Associates, LLC in consideration for the preparation of the research report conducted by Crystal as previously disclosed in the company’s press release dated March 15, 2022. The Crystal consideration shares are subject to a four-month hold period commencing on the date of distribution in accordance with CSE requirements.

Thunderbird Entertainment Group Inc (TSX-V:TBRD, OTCQX:THBRF) has announced that it will be presenting at the 17th Annual Needham Technology & Media Conference. Thunderbird’s chief executive officer Jennifer Twiner McCarron is scheduled to present on May 18, 2022, at 2.15pm-2.55pm EST/11.15am-11/55am PST. Interested parties looking to attend the webinar can register in advance at the following link: https://wsw.com/webcast/needham120/thbrf/2422734. A replay option will also be available on the company’s website at: https://investors.thunderbird.tv/investors/events-and-presentations/default.aspx

Global Energy Metals Corporation (GEMC) has announced the release of its updated corporate presentation, which is now available on its website and via the following linkThe new presentation provides an overview of the company’s three-pillar approach to maximizing investment exposure to the battery supply chain while highlighting the project advancement initiatives underway at its highly prospective cobalt, nickel and copper assets, the Lovelock Mine and Treasure Box Projects in Nevada, USA. In addition, following the positive results from Phase One drilling at the Lovelock Cobalt-Nickel-Copper project GEMC, in collaboration with Amvest Capital, will host a webinar on Wednesday, May 4, 2022, at 4.05pm ET / 1.05pm PT. In this live webinar with Global Energy’s Project Development Manager, Timothy Strong, attendees will be provided with an update on recent milestones. Registration is via the following link.

LithiumBank Resources Corp (TSX-V:LBNK) has said that Rob Shewchuk, its chief executive officer and his team joined Monica Hamm, manager, Client Success, Toronto Stock Exchange, to celebrate the company’s new listing on TSX Venture Exchange and close the market. LithiumBank Resources is an exploration and development company focused on direct brine lithium resources in Western Canada. The company plans to take advantage of Alberta’s long history of fossil fuel production to create a local source of “green” lithium in North America.

Jushi Holdings Inc has announced that its management will participate in the following upcoming conferences and events: A.G.P.’s Spring Cannabis Consumer Conference is being held on May 3, 2022. Jushi’s management will host a series of virtual one-on-one investor meetings throughout the day. For more information, please contact your A.G.P. representative; Canaccord Genuity (TSX:CF, LSE:CF) 6th Annual Cannabis Conference is being held on May 11, 2022. Jim Cacioppo, Jushi chief executive officer, chairman, and founder, is scheduled to give a company presentation at 11.30am ET. Management will also participate in virtual one-on-one investor meetings throughout the event. To register to watch the live presentation, please click here. Investors may contact their Canaccord representative to schedule a meeting with management; Wolfe Research Consumer Conference is being held on May 12-13, 2022. Trent Woloveck, Jushi’s chief commercial director, is scheduled to participate in a Cannabis MSO panel on Friday, May 13, 2022, at 1.25pm ET. Management will also attend a series of virtual one-on-one and group investor meetings. For more information, please contact your Wolfe Research representative.; and MJ Unpacked being held on May 18-20, 2022. Nichole Upshaw, Jushi’s EVP of Human Resources, will participate in a panel entitled, “Creating & Sustaining Company Culture – C-Suite to Budtender,” on Friday, May 20, 2022, at 11.00am ET at the New York Hilton Midtown in the Trianon Ballroom. For more information on MJ Unpacked, please click here: https://mjunpacked.com/

Candelaria Mining Corp said it has granted today a total of 4,120,000 stock options and 461,677 restricted share units (RSUs) to directors, officers, employees and consultants of the company. Each option is exercisable into one common share of the company for period of five years at an exercise price of $0.14 per share. All options vest as follows: one-third after six months from the grant date, one-third at 12 months from the grant date and one-third at 18 months from the grant date. All RSU’s vest at one year from the grant date. All options and RSUs are subject to the terms of the company’s Plans and applicable securities law hold periods. The purpose of the company’s plans is to promote greater alignment of interests between employees and shareholders, and to support the achievement of the company’s longer-term performance objectives, while providing a long-term retention element.

Murchison Minerals Ltd (TSX-V:MUR, OTCQB:MURMF, TSX-V:MUR.V) said the TSX Venture Exchange has accepted the company’s warrant incentive program, designed to encourage the exercise of up to 27,118,788 existing warrants of the company, as described in the company’s news release dated March 17, 2022. The early exercise period commenced on March 17, 2022, and expired on April 15, 2022. In connection with the warrant incentive program, a total of 10,657,500 warrants were exercised, providing gross proceeds of $1,278,906 to the company and resulting in the company issuing 10,657,500 common shares and 5,328,775 incentive warrants to eight placees

Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF) has said that as a result of delays to its audit, the company’s annual financial statements and accompanying management’s discussion and analysis for the fiscal year ended December 31, 2021, are not expected to be finalized by May 2, 2022, being the date that such filings are due under applicable Canadian securities law requirements. The company has therefore applied for a management cease trade order by the British Columbia Securities Commission. The reason for the anticipated delay is due to the complexity of the valuation process and accounting of one of the acquisitions completed by the company in the fiscal year and enhanced quality controls by the issuer’s auditors. The auditors have requested more time for partner and consultant review as part of those enhanced measures. The company is working with its auditor (Dale Matheson Carr-Hilton LaBonte LLP) to complete the audit in a timely manner. The company currently expects to file the Annual Filings on or before May 17, 2022, and will issue a news release announcing the completion of such filings at such time.

OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, has announced that Next Hydrogen Solutions Inc (TSX-V:NXH), a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market under the symbol NXHSF. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. “We are pleased to commence trading on the OTCQX Market, which will provide increased accessibility and liquidity for US investors,” said Raveel Afzaal, president and CEO of Next Hydrogen. “Next Hydrogen is poised to be a significant contributor to reducing carbon emissions in the US transportation and industrial markets and the OTCQX upgrade supports our long-term strategy to introduce the Company to a broader audience.”

 

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