(Image via Ivanhoe Mines Ltd.)
Canadian mining company
Ivanhoe Mines Ltd. (TSX: IVN, Forum) announced this week that the
Kamoa-Kakula copper project’s Phase 1, 3.8 million million-tonne-per-annum (Mtpa) concentrator plant now is fully operational. The first truckloads of copper concentrate were delivered to a local smelter in June, with concentrate dispatch continuing daily.
More than 10,500 dry metric tonnes of concentrate have been delivered to the local smelter to date, and first blister copper ingots have been received. Kamoa-Kakula's plant commissioning is well advanced, and preparation for final performance tests is underway. As of June 30th,
313,000 tonnes of ore grading 4.85% copper had been conveyed to the run-of-mine stockpile.
IVN added that the project’s pre-production surface stockpiles now contain approximately
3.4 million tonnes of high-grade and medium-grade ore at an estimated, blended average of 4.78% copper. Contained copper in the stockpiles at the end of May now totals more than
162,000 tonnes (the current copper price is approximately $9,430 (USD) per tonne).
In an update for investors on
Novo Resources Corp.’s (TSX: NVO, Forum) 9.9% investment in
New Found Gold (TSX-V: NFG, Forum), NOVO has increased significantly following the
publication of continuing drill results by New Found from its wholly-owned Queensway project in Newfoundland, Canada.
Mining activity is hot in Newfoundland right now and
Sokoman Minerals Corp. (TSX-V: SIC, Forum) reported that ongoing Phase 6 drilling at its
Moosehead Property in the province has intersected additional high-grade gold mineralization at both the Eastern Trend and South Pond Zones. Prospecting in an area with minimal drilling 300 metres to the east of North Pond has located visible-gold-bearing quartz float returning 9.2 and 14.3 g/t Au from total pulp metallics assays with additional assays pending.
Integrated healthcare company
Empower Clinics Inc. (CSE: CBDT, Forum) just filed its audited consolidated financial statements for fiscal 2020, highlighting Total revenues at
$3,209,196 (USD), compared to last fiscal year’s revenues $2,031,581 (USD), representing 58% year over year growth. Operating costs lowered to $4,489,427 (USD) for fiscal year 2020 from $6,151,214 for fiscal year 2019, representing a reduction by 27%.
On Wednesday this week, Nanaimo, BC-based licensed producer
Tilray Inc. (NASDAQ: TLRY) announced that its wholly-owned subsidiary in Germany,
Aphria RX GmbH, has completed the first successful harvest of medical cannabis cultivated in Germany for distribution to German pharmacies. The medical cannabis harvest is the first cultivated under European Good Manufacturing Practices standard at Tilray’s 6,000 square metre indoor growing facility in Neumünster, Germany. The subsequent distribution, which was carried out by a distributor on behalf of the German Cannabis Agency and in accordance with all pharmaceutical and narcotic legal requirements, underscores Tilray’s strong foothold and operational excellence within Europe’s key medical cannabis market.
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Nevada-based cannabis company
1933 Industries (
CSE:TGIF,
Forum) its Q3 2021 financial results for the period ended April 30, 2021, pointing to net income of
$0.6 million or $0.002 per share, compared to a net loss of $4.7 million or $(0.02) per share for Q3 2020, which represents a $5.2 million improvement year-over-year.
Q3 2021 revenues were $3.4 million, compared to $2.6 million for Q3 2020, a 32% increase year over year attributed to the cultivation of premium cannabis flower and robust demand from the local market in Nevada. Revenues were 1% lower compared to the prior quarter due to a decrease in sales of its concentrate products.
A high-tech company well known to Stockhouse's Bullboards for its work in designing, developimg, manufacturing, and commercializing plasma - based processes -
PyroGenesis Canada Inc. (TSX-V.PYR, Forum) continues to make headlines that attract investor attention, this time around its work to develop a novel production process to
transform quartz into fumed silica for
HPQ Silicon Resources Inc. (TSX-V: HPQ, Forum).
PyroGenesis signed the contract with HPQ Silica Polvere, a wholly owned subsidiary of HPQ Silicon Resources. Over the next 24 months, PyroGenesis will use its production process to develop downstream business opportunities. The contract includes the sale of a provisional patent application and HPQ Polvere’s exclusive use of the IP in the field. PyroGenesis retains a 10% royalty on future sales.
Despite a significant market slowdown due to the pandemic,
Datametrex AI Ltd. (TSX-V: DM, Forum) continued to improve its businesses in Q1. The company expects to see significant growth in both its existing cybersecurity AI verticals and new health technology verticals that Datametrex is exploring.
Datametrex is a technology-focused company with exposure to Artificial Intelligence and Machine Learning through its wholly-owned subsidiary, Nexalogy. Datametrex's mission is to provide tools that support companies in fulfilling their operational goals, including Health and Safety, with predictive and preventive technologies.
The company sees a significant upside as the COVID-19 pandemic shows signs that point to more healthcare being administered at home. It has fully integrated
Medi-Call Inc., a fully integrated mobile platform that allows for online, encrypted and virtually enabled medical consultations, is fully incorporated into Datametrex and posed for growth with private telemedicine.
Finally, a leader in smart buildings and cities through internet of things (IoT), cloud, and software as a service (SaaS) technology,
Kontrol Energy Corp. (CSE: KNR, Forum) recently reported that it had entered into a purchase agreement to acquire all of the issued and outstanding shares of
a leading building solutions company. Kontrol provides integrated installations of complex heating, cooling, ventilation and building automation systems.
Boasting synergies with Kontrol’s existing operating platform, this acquired company has audited revenues of $43 million for fiscal year 2020, contracted order book of approximately $120 million for next three years, annual Revenue Growth Rate in excess of 20% over the last five years, and more than 20 years of operating history with established customer base.
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FULL DISCLOSURE: PyroGenesis Canada Inc. is a client of Stockhouse Publishing.