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Buzz on the Bullboards – Battery Day; A Brave New World for Mining?

Stockhouse Editorial
2 Comments| September 24, 2020

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Click to enlargeInvestors were a-buzz over Tesla’s (NASDAQ: TSLA) “Battery Day” events this week and the tech company’s latest offerings. While its so-called new type of battery cell and vehicle models left audiences feeling rather mixed, there was a bit of attention left over for a number of resource companies out there.

One such company is Giga Metals Corp. (TSX-V: GIGA, Forum) whose shares saw an immense 280% spike last week, after unconfirmed media reports arose around a possible deal with Tesla on its Turnagain nickel project in British Columbia. The company’s president refused to comment directly on this possible partnership. Even so, any press can be good press and Bullboarders were certainly talking about all things Giga.

This agreement will see the development of a new generation of Lithium-ion batteries made using advanced porous silicon and clean renewable hydrogen production using a fuel cell - based system that can produce hydrogen by combining water with an environmentally friendly chemical powder.

In other major mining news, Wallbridge Mining (TSX: WM, Forum) recently announced that it had entered into an agreement with BMO Capital Markets on bought deal financing worth $56 million (CAD). The proceeds will go toward the continued advancement of the Company’s flagship Fenelon Gold Project in northern Québec.

Gold prices seemed to have cooled off in recent days, but according to the (close) results from last week’s poll, a slim majority of you think that this is but a speedbump on the golden highway to $4,000 a troy ounce.

This brings us to this week’s poll question, were you impressed with Tesla's Battery Day announcements, or were you left wanting more? Click the image below to cast your vote.

In other tech developments, PyroGenesis Canada Inc. (TSX-V: PYR, Forum) continues to top the Technology Bullboards and continued to do so this week. At its annual shareholder meeting, the high-tech company unveiled its strategy to become a global on-site dross processor in delivering zero-landfill / reduced carbon, and further underscored how its DROSRITE system reduces greenhouse gas emissions.

Telemedicine company CloudMD Software & Services Inc. (TSX-V: DOC, Forum) has been on a roll lately. Serving the unprecedented need for telehealth during these COVID times, this healthcare firm just closed its short form prospectus offering of $20.7 million, which is earmarked for strategic M&A activities.

CloudMD’s Chief Executive Officer, Essam Hamza commented in a news release that closing this financing is a very important inflection point for the company as it continues its North American and global expansion plans.

“The capital raised from this bought deal allows us to continue making accretive acquisitions synergistic to our vision of providing whole person, continuity of care, while adding immediate value for our shareholders. We would like to thank our syndicate for their diligent efforts and welcome our new shareholders. We are excited t o further execute on our growth strategy and this injection of capital will accelerate our M&A growth efforts.”

Sponsored by

Speaking of COVID, another tech company in another side of the sector that is also on a roll is Datametrex AI Ltd. (TSX-V: DM, Forum).

The artificial intelligence and machine learning company closed two major purchase orders for its COVID-19 screening solutions recently. One is with the iconic Are You Afraid of the Dark Inc., a Canadian horror anthology television miniseries based in Vancouver, British Columbia. A popular YTV and Nickelodeon series, the initial purchase order for DM is for approximately $210,000 for a month, commencing on October 5, 2020. This production is scheduled to run for three months, totalling $630,000.

Do kids still tell scary campfire stories? Do they keep socially distant around the fire? The Midnight Society should really tackle this issue in a future episode.

This follows a previous purchase order made last week for the company’s screening solutions with Lighthouse Pictures Inc., another film and television production company based in Vancouver.

Vancouver is the third-largest production centre in North America, worth $3.2 billion (CAD) during 2018/19, according to Creative BC. The entire Canadian film and TV production sector represented $8.92 billion in production volume, and full-time equivalent jobs represent 179,000 workers.

In March 2020, the industry stopped worldwide, including in Vancouver, which represents 37% of Canadian Productions. The surrounding areas of Vancouver had 46 productions filming, which does not include the TV commercial market. Each of the shows potentially had a minimum of 100 people in their film crew.

What the "Buzz"

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There has been a lot of chatter around cannabis companies on the Healthcare Bullboards this week, some of it positive news, while other news involves more of a critical eye around what is going on with some of these companies. For example, HEXO Corp. (TSX: HEXO, Forum) just appointed its fourth Chief Financial Officer in two years.

Zenabis Global Inc. (TSX: ZENA, Forum), a Canadian licensed cultivator of medical and recreational cannabis, just closed its overnight marketed offering for gross proceeds of more than $7.5 million, which should help strengthen its balance sheet.

On the flipside, Aurora Cannabis Inc. (TSX: ACB, Forum) had some disappointing news to share. Its fiscal Q4 2020 report detail total net revenue of $72.1 million, a 5% decrease from the prior quarter, while its cannabis net revenue was $67.5 million, a 3% decrease from the prior quarter, and consumer cannabis net revenue was $35.3 million, a decrease of 9% over the previous quarter.

However, total volume of dried consumer cannabis sold had increased by 36%, but ACB noted that was offset by a 30% decrease in the average net selling price per gram of consumer cannabis.

(Image via @SONA_CSO on Twitter.)

A healthcare company in the tech space that Stockhouse and Bullboards have been tracking for some time is Sona Nanotech Inc. (CSE: SONA, Forum), who continues to impress.

Sona’s President and Chief Scientific Officer, Darren Rowles tweeted some company news that made investors excited.

A UK-based company, Bond Digital Health, just launched a version of its Transform technology with Sona's lateral flow antigen test for COVID-19.

This system is called the Sona Connect and is a digital data capture platform that enables instant recording of results from the point of care via a smartphone app, which can then be viewed and tracked remotely via a web dashboard.

This makes Sona’s cutting-edge test even more functionable and valuable and can also extend the revenue potential for this relatively small Halifax, Nova Scotia-based company.

As Oscar Wilde once said, “With age comes wisdom, but sometimes age comes alone.”

Next week we’ll be able to see how the economy is faring heading into November. Where does cannabis stand? Is this resource surge for real? What small cap companies are Stockhouse Bullboard users going crazy for? Find out all this and more on next week’s Buzz on the Bullboards.

For previous editions of Buzz on the Bullboards: click here.

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FULL DISCLOSURE: PyroGenesis Canada Inc. and Datametrex AI Ltd. are clients of Stockhouse Publishing.

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Put "Report Abuse" on your so called editorials like you do for everyone else's posts!
October 2, 2020

How can I block this from appearing on my Bullboard? I don't want this.
September 29, 2020

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