NA Proactive news snapshot: First Cobalt, Tetra Bio-Pharma, Snowline Gold, Namaste, Aurelius Minerals ...

First Cobalt Corp (CVE:FCC) (OTCQX:FTSSF) (FRA:18P) has announced another step in its bid to bring North America’s only permitted cobalt refinery back into life, saying it had struck an exclusivity agreement with a leading financial institution for US$45 million in debt financing. The funds would go towards the capital cost of the recommissioning and expansion of the refinery in Ontario, Canada. The exclusivity period allows the lender to complete the remaining due diligence before negotiating definitive documentation. Tetra Bio-Pharma Inc (TSE:TBP) (OTCQB:TBPMF) (FRA:JAM1) announced Tuesday that it has received positive feedback from Health Canada on its application for a clinical trial on ARDS-003 for coronavirus (COVID-19) patients. In a statement, the Ottawa-based company said that Health Canada had acknowledged that the preclinical safety data are “robust and sufficient” to file a clinical trial application designed to treat hospitalized COVID-19 patients, who are at risk of developing ARDS, or acute respiratory distress syndrome. Derived from cannabinoids, ARDS-003 is designed to prevent and treat the severe inflammatory response that could be life-threatening to coronavirus patients.  Snowline Gold Corp (CSE:SGD) boosted its land position around its Cliff and Tosh gold projects in southwestern Yukon, it reported Tuesday. The junior company added 2,121 hectares covering three target areas around Cliff and another 2,069 hectares to connect gold mineralization zones at Tosh. In a statement, Snowline told investors that the new claims consolidate the land positions at each project and cover additional prospective zones with historical elevated gold-in-soil sampling results. Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) reported 4Q net revenue climbed 85% year-over-year to a record C$7.2 million, which the company attributed primarily to an increase in cannabis product sales. Namaste noted it ended fiscal 2020 with $16.5 million in working capital as of November 30, after closing a $23 million bought deal offering before the year’s end.    Aurelius Minerals Inc (CVE:AUL) (OTCMKTS:AURQF) (FRA:1GA) has reported encouraging drill results from its Aureus West project in Nova Scotia, which has shown mineralization above and below the current inferred resource along strike and at depth. Three holes were reported on Tuesday, which were part of a ten-hole program completed in 2020 for around 4,600 metres (m). All three holes hit "significant" gold mineralization near surface, while new gold horizons were identified to a depth of 504m. Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) (FRA:TSGN) has closed the previously announced C$10.08 million private placing, the first tranche of the funding package, which will kick start renewed production from its Tahuehueto gold mine in Durango, Mexico. The company issued 50.4 million units at C$0.20 each for total gross proceeds of C$10.08 million. Each unit is made up of one share and one-half of a share purchase warrant allowing the holder to buy another share for C$0.30 each within two years.  Mojave Jane Brands Inc (CSE:JANE) (OTCMKTS:HHPHF) (FRA:0HCN) has successfully rebranded as Mojave Brands Inc and its ticker symbol will change to ‘MOJO’ on the Canadian Securities Exchange on or around Monday, April 5. In connection with the change, the company is implementing a share consolidation on a 25:1 basis. “Following the share consolidation, the company will have approximately 4,492,426 common shares issued and outstanding,” Mojave said in a statement. Medallion Resources Ltd (CVE:MDL) (OTCMKTS:MLLOF) said Tuesday  that it has approved the grant of 643,750 stock options to directors, advisers and consultants, which are exercisable into Medallion shares at a price of C$41.5  per share, in keeping with the regulatory policies of the Toronto Stock Exchange and the TSX Venture Exchange. The options have a term of five years and will expire on March 29, 2026. Vancouver-based Medallion is focused on extracting rare earths from monazite, an abundant byproduct of heavy mineral sands mining, and has developed a proprietary technology to do so.  VolitionRx Limited (NYSEAMERICAN:VNRX) announced the appointments of Kim Nguyen and Richard Brudnick to the company's board of directors effective March 25. Nguyen is an international Human Resources (HR) professional with over 20 years of experience working with fast-growing, multinational technology companies and is currently serving as Head of HR for Google Asia Pacific Pte. Ltd, while Brudnick has held senior positions in a number of pharmaceutical companies and currently serves as Chief Business Officer and Head of Corporate Strategy of Codiak BioSciences, Inc. Viscount Mining Corp (CVE:VML) (OTCQB:VLMGF) (FRA:7VM) told investors it had begun the second of a three-phase drill program at the Silver Cliff property in Colorado to further advance the asset. The work will aim to expand the 2018 NI 43-101 Kate silver resource (KSR), increase the tonnage to be included in resource reports, while drilling at the Passiflora target will explore the potential to add to the total project resource.  Canntab Therapeutics Limited (CSE:PILL) (OTCQB:CTABF) (FRA:TBF1) said it has been granted an export license by Health Canada Vox Royalty Corp (TSXV:VOX) (OTCMKTS:VOXCF) said it has entered a binding agreement to acquire a A$10 per ounce gold royalty on part of the Bullabulling gold project in Western Australia for a total consideration of up to A$2.2 million.  Mind Medicine (MindMed) Inc (NEO:MMED) (OTCQB:MMEDF) (FRA:MMQ) posted 2020 year-end financial results with ample funds to support its drug development pipeline and creation of its psychedelic medicine technology platform. For the year ended December 31, 2020, the New York-based psychedelic medicine biotech company had total assets of $85.6 million, including $80.1 million in cash.  “As of March 30, 2021, we maintain a current cash balance of US$161 million (C$203 million) to advance our portfolio and build out our technology division,” the company said in a statement.  Psyched Wellness Ltd (CSE:PSYC) (OTCQB:PSYCF) (FRA:5U9), a life sciences company focused on the production and distribution of artisanal functional and psychedelic mushrooms, announced Tuesday that it has signed an additional agreement with KGK Science to further study the anti-inflammatory nature of its proprietary Amanita muscaria extract AME-1. "This is a key first step in the health and wellness studies of AME-1, which lay the groundwork for future preclinical research," Brian Tancowny, who is the scientific advisor to Psyched Wellness said in a statement. The Toronto-based company noted that its contract research organization (CRO) partner, KGK Science specializes in nutraceutical product testing and development and is leading the pre-clinical trials for Psyched.  Adastra Labs Holdings Ltd (CSE:XRTX) (FRA:D2EP) said Blaine Bailey had resigned as a director of the company. Adastra's board is currently assessing candidates to replace him. His appointment will be subject to completion of Health Canada security clearances, the company said in a brief statement. Hillcrest Petroleum Ltd (TSXV:HRH) (OTCQB:HLRTF) (FRA:7HI.F) said a short-lateral oil well was successfully drilled from an existing well site at its West Hazel oil field in Saskatchewan and is now in production. BioSig Technologies Inc (NASDAQ:BSGM) said that US Patent Office has allowed a utility patent covering its PURE EP noise-filtering technology.