NA Proactive news snapshot: Duos Technologies, O3 Mining, GlobeX Data, Victory Resources …

Duos Technologies Group Inc (NASDAQ:DUOT) revealed on Tuesday that its operating subsidiary Duos Technologies has clinched an initial contract from an existing Class 1 railroad customer to upgrade its work at a Railcar Inspection Portal (RIP) aimed at expanding automated mechanical inspections. The Jacksonville, Florida-based company said the total contract is valued at around $1.3 million and will be completed before the end of the year. In addition to the base contract value, the deal includes payments through 2022 for “recurring service, maintenance and spare parts.” The upgrade is aimed at creating “new perspectives" within the current system to identify specific railcar inspection points which can be monitored by channeling artificial intelligence (AI) applications being developed by the client and integrated into the Duos Centraco platform. O3 Mining Inc (CVE:OIII) has unveiled the results of a preliminary economic assessment (PEA) of its Marban project at the Malartic property in Quebec, which underlines the potential for the company that owns it to become a "major North American gold producer". The study, carried out by Ausenco Engineering, showed Marban to be a profitable, lost cost project, with potential to further expand the mine life. It envisages an 11,000 tonnes per day (tpd) open pit with production spanning 15.2 years, with a positive after-tax internal rate of return (IRR) of 25.2% and an after-tax net present value (NPV) of C$423 million. GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS) has confirmed that despite the economic slowdown in many of the countries in which it has distribution agreements due to the coronavirus (COVID-19) pandemic, sales of its Sekur cybersecurity product will meet or beat the group’s internal targets for 2020. The company, the leader in Swiss-hosted cybersecurity and Internet privacy solutions for secure data management and secure communications, noted that it has been able to compile an estimate of sales for Sekur for the remainder of this year, after discussions with several of its distributors in Canada, USA, Latin America, the Bahamas, and South Asia. It said that although most markets are still recovering from the COVID-19 pandemic economic damages, sales are expected to attract a minimum of 1,000 paid users and reach a potential of 5,000 paid users in 2020, depending on economic factors. Victory Resources Corporation (CSE:VR) (OTCMKTS:VRCFF) (FWB:VR61) announced that it kicked off the first phase of its work program for its Mal-Wen property in British Columbia, which is designed to advance to drilling as soon as permitting allows. The Vancouver-based firm’s Mal-Wen copper target consists of four wholly-owned contiguous claims for almost 2,000 acres. It lies 30 kilometers southeast of the city of Merritt in the Nicola Valley in the south-central interior of British Columbia. The work program entails Victory exploring for a gold-copper alkalic porphyry deposit on its Mal-Wen property. While there are current drill targets on the property, magnetometer and IP surveys have never been done over the ground between the two main showings consisting of The Mal and the Wen prospects. The firm said Phase 1 will begin immediately and will define existing drill targets and locate new ones. It will consist of a magnetometer survey, geological mapping and sampling, as well as permitting towards a drill program. EXMceuticals Inc (CSE:EXM) (FRA:A2PAW2) said it has secured a coronavirus (COVID-19) research & development (R&D) focused grant from the European Union (EU) and the Portuguese government in what it said was a “landmark event” for the company. The biosciences group, which specializes in unique cannabinoid formulations, said a consortium led by EXMceuticals Portugal Lda, operating under the project name ‘BioBlockCOVID’ and consisting of EXMceuticals Portugal Lda, Cosmetek Lda, and the Universidade de Coimbra, has been awarded €302,000 by the European Regional Development Fund (ERDF) and the Portuguese government to study and develop disinfectants to combat SARScoV-2, the virus that causes COVID-19. PreveCeutical Medical Inc (CSE:PREV) (OTCQB:PRVCF) announced Thursday that it has completed a successful rodent model of its opioid-replacement pain-relieving drug. The model is part of an analgesic (read: pain relief) program the company launched in 2018 to develop peptide-based therapeutics for moderate-to-severe pain and inflammation. Peptides are made up of short chains of amino acids, which themselves are the building blocks of proteins. In rodents, the peptides demonstrated analgesic activity at relatively low doses with effects lasting for up to two hours, the company said. Additionally, the peptides did not affect inflammation in the pain model, suggesting their effects were associated with an opioid-like analgesic effect. Thoughtful Brands Inc (CSE:TBI) (OTCQB:PEMTF) (FRA:1WZ1) announced Tuesday the formation of its joint venture with Franchise Cannabis Corp to sell and market Franchise-manufactured CBD, hemp and cosmetic products in the EU, Switzerland, Norway and the UK. The company said both parties will share equal ownership in the joint venture. Franchise will manage procurement and fulfillment of customer orders from its European manufacturing facilities. Thoughtful Brands will provide marketing and eCommerce operations infrastructure in the JV territory. Franchise is a leading European-focused cannabis and pharmaceutical distribution company based in Germany with two Good Distribution Practices (GDP) certified distribution facilities, exporting to over 18 countries and currently serving a network of over 1,500 pharmacies within Germany for medical cannabis sales. Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF), the project generator focused on the Americas said it has now inked a definitive deal to option out its Nord project in Chile It was signed with Encantada SpA (Encantada), an affiliate of Mineria Activa, a Chilean, mining-focused, private equity group with more than US$150 million in assets under management. "We are pleased to close this transaction after the successful completion of the technical and legal due diligence," said Mirasol's CEO Norm Pitcher in a statement on Tuesday. "Mirasol has monetized its interest in a non-core project for up to US$3 million cash payments and the creation of a new 2% NSR royalty on prospective exploration claims located near a development project." Gevo Inc (NASDAQ:GEVO) (FRA:ZGV3), which is developing renewable alternatives to petrol, is well-capitalized and continues to advance its project financing efforts to establish production facilities so it can fulfil contracts for its green fuels. In a business update, the Colorado-based company said the facilities were needed to provide the product required under existing and expected, future take-or-pay, off-take agreements. Earlier this year, Gevo hired investment giant Citigroup Inc (NYSE:C) to lead the process to procure the capital needed to build up to three production facilities. Gevo estimates the project capital cost would be around $700 million, including $200 million of equity and $500 million of debt. It reckons it will take around a year to close the financing for the first project. Phunware, Inc. (NASDAQ:PHUN),  a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, said it has launched enhanced mobile loyalty and engagement features for its Multiscreen-as-a-Service (MaaS) customers worldwide. It pointed out that many of these enhanced mobile features are now available publicly as showcased in the Trump-Pence 2020 “Keep America Great” mobile application portfolio upgrades on iOS and Android, which are designed, built, managed and supported by the company. Black Iron Inc (TSE:BKI) (OTCMKTS:BKIRF) (FRA:BIN) is launching a competitive bid process for a guaranteed share of production from its Shymanivske iron ore project in response to “substantial” investor interest. The Toronto-based company announced Tuesday that it is seeing an increase in interest from investors looking to secure iron ore, including big names such as Glencore PLC (LON:GLEN) (OTCMKTS:GLCNF) (JSE:GLN) and several new steel mills. In exchange for an offtake agreement, the company is asking investors to help fund the estimated US$450 million construction of the project in Ukraine. Lingo Media Corporation (CVE:LM) (OTCMKTS:LMDCF) (FRA:LIMA) has announced the election of Laurent Mareschal to its board of directors at the company's annual meeting of shareholders held in Toronto on September 3, 2020. The EdTech company, which is 'Changing the way the world learns languages' through innovative online and print-based technologies and solutions, noted that Mareschal brings more than 20 years of financial management experience at Scotiabank, including financial reporting and mergers and acquisitions. Amongst his various assignments, he was CFO of Scotiabank's Capital Markets division delivering best in class financial results globally during the Global Financial Crisis. Mawson Gold Ltd (TSE:MAW) (OTCPINK:MWSNF) has given its Finnish subsidiary a management makeover ahead of a resource update for its Rajapalot gold-cobalt project this month and in the light of the coronavirus (COVID-19) pandemic. The group's environmental director Noora Ahola takes on the role of managing director at Mawson Oy, while experienced mining engineer Bouke van 't Riet becomes non-executive technical director at the subsidiary. Tapani Hyysalo becomes chief operating officer (COO) and continues as a board member of Mawson Oy, while Michael Hudson also remains a board member and chairman of Mawson Oy. Dr Nick Cook has been appointed as chief geologist for Mawson's global gold project portfolio. BetterLife Pharma Inc. (CSE:BETR) (OTCQB:BETRF) (FRA:NPAT) said it has retained Hybrid Financial Ltd. to provide marketing services to the company. The group said Hybrid has been engaged to heighten market and brand awareness for BetterLife and to broaden the company's reach within the investment community.  Dr Ahmad Doroudian, CEO of BetterLife. commented: "BetterLife has ambitious plans and a bright future. As we move forward with our pipeline of treatments, in particular our upcoming trials for AP-003 (an interferon-based therapy that has shown promise in the fight against Covid-19) we recognise the importance of connecting with the investment community and telling our compelling story with the aim of encouraging a stronger and more efficient market for our shares.’’ Hybrid has been engaged by the company for an initial period of six months starting September 4, 2020, and then shall be renewed automatically for successive three month periods thereafter, unless terminated by the company in accordance with the Agreement. Hybrid will be paid a one-time fee of $50,000, plus applicable taxes, and a monthly fee of $22,500, plus applicable taxes, during the initial term. Hillcrest Petroleum Ltd. (CVE:HRH) (OTCMKTS:HLRTF) has announced that the company anticipates applying to the TSX Venture Exchange to delist its common shares and it intends to apply to list its shares on the Canadian Securities Exchange (CSE). The company believes listing on the CSE will deliver additional value to the shareholders as a result of the company being subject to reduced filing fees, lower compliance and legal costs and other fees. The company said it will also have increased flexibility to expand in multiple areas of operation. Completion of the listing of the shares on the CSE is subject to the company's application to delist being accepted by the TSXV, and acceptance of the company's application to list by the CSE. Nextleaf Solutions Ltd. (CSE:OILS) (OTCQB:OILFF), based in Vancouver, British Columbia, is Canada's most innovative cannabis extractor focused on developing technology for extracting and distilling cannabinoids, has announced that its CFO and director, Charles Ackerman, will present live at VirtualInvestorConferences.com on September 10. , 2020, at 2.00pm to 2.30pm. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. LINK: https://bit.ly/3fLBL3m GR Silver Mining Ltd. (CVE:GRSL) (OTCQB GRSLF) has said it will hold its annual general meeting of shareholders of the company on September 11, 2020, at 10.00am (PST). The meeting will be held at the offices of the company. However, due to health concerns relating to the novel coronavirus pandemic and to comply with government and public health directives, the company is urging all shareholders to vote by proxy in advance of the meeting and is discouraging physical attendance in person at the meeting. The meeting will not be open to the general public and will be limited to registered shareholders and duly appointed proxyholders only. Shareholders who wish to access and ask questions can do so by phone or audio-only webcast using the details provided. An audio replay of the meeting will also be available until October 13, 2020. Zoom Meeting Register in advance for this meeting via the following link: https://zoom.us/meeting/register/tJ0tf-mgrTsuGNJp6QyP0TlrIvBVKZCE7VIT AIM ImmunoTech Inc. (NYSEAMERICAN:AIM) has said that Thomas K. Equels, its CEO will participate in a virtual panel titled, "New Approaches to COVID-19: Hidden Breakthroughs," being held on Thursday, September 10, 2020, at 1.00pm ET. The virtual panel discussion will also include: Dr David Jin, president and CEO of Avalon Globlocare Corp. (NASDAQ:AVCO); Jeff Wolf, CEO of Heat Biologics, Inc. (NASDAQ:HTBX); Dr Jennifer Bath, CEO of ImmunoPrecise Antibodies Ltd. (TSX-V:IPA) (OTCQB:IPATF) (FSE:TQB2); and Vered Caplan, CEO of Orgenesis Inc. (NASDAQ:ORGS). The event brings together executives from leading biopharmaceutical companies to discuss how their companies are helping address the coronavirus (COVID-19) pandemic. The panel will be moderated by broadcast journalist Christine Corrado of Proactive Investors. Investors interested in attending the event can register at: https://zoom.us/webinar/register/8215990551540/WN_YFe8n6dQSm6mpgG3iWfF-w. OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for over 11,000 U.S. and global securities, has announced that Unigold Inc. (CVE:UG) (OTCQX:UGDIF) (FSE:UGD1), a growth-oriented, junior natural resources company, has qualified to trade on the OTCQX Best Market and today upgraded from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors.  For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. "We are pleased to meet the criteria for upgrading from the Pink market to trading on the OTCQX," said Joseph Hamilton, chairman & CEO of Unigold. "This will facilitate trading for our U.S. shareholders, and in conjunction with our Frankfurt Stock Exchange listing, our investors can now find corporate information and pricing quotes on multiple platforms." Golden Arrow Resources Corporation (CVE:GRG) has reminded all shareholders that its upcoming Annual General & Special Meeting will be held on September 17, 2020, at 10.00am (Vancouver Time). As there will not be an in person meeting this year in light of ongoing concerns related to the spread of coronavirus (COVID-19), in order to mitigate potential risks to the health and safety of the company's shareholders, employees, communities and other stakeholders, it will be holding the meeting entirely by teleconference, using the following numbers: 1-800-319-4610 in North America and 1-604-638-5340 for International calls.