NA Proactive news snapshot: PharmaDrug, Kintara Therapeutics, QC Copper and Gold, New Pacific Metals UPDATE …

PharmaDrug Inc (CSE:BUZZ) (OTCPINK:LMLLF) said it has entered into a supply agreement with a Eurozone cannabis extractor to produce medical-grade THC oil for sale under PharmaDrug's own brand. The company said it expects to receive the THC product and begin selling it in Germany by September. “We are extremely excited to sign this agreement to finally launch medical cannabis in Germany under our own brand. The company is making several movers to significantly increase its presence and volumes in the German medical cannabis market,” PharmaDrug CEO Daniel Cohen said in a statement. Kintara Therapeutics Inc (NASDAQ:KTRA), which is focused on the development of new solid tumor cancer therapies, said it closed its fiscal third quarter with cash and cash equivalents of about $15.7 million. That capital, the company said, is expected to be sufficient to fund its planned operations to the second quarter of calendar year 2022. Kintara said it achieved the healthy cash runway primarily due to the exercise of previously issued warrants as well as operational and resource synergies realized through the Adgero Biopharmaceuticals Holdings Inc acquisition in August 2020. QC Copper and Gold Inc (CVE:QCCU) (OTCMKTS:QCCUF) has told investors it is set to amend the terms of the previously announced acquisition of a 50% ownership interest in the 987-hectare advanced-stage Roger gold-copper exploration project in the Chibougamau district of Quebec. The company is buying the stake from Pasofino Gold Ltd, while the other 50% interest remains with SOQUEM - a subsidiary of Investissement Québec. In a statement on May 14, 2021, the firm said that on closing, it will now issue Pasofino $1 million in cash and issue 1.150 million company shares. New Pacific Metals Corp (CVE:NUAG) has announced that, as of March 31, 2021, it had working capital of C$59.98 million. The company said the financial runway is sufficient to advance its flagship Silver Sand Project in Bolivia and regional exploration initiatives, including the Silverstrike Project and the Carangas Silver Project. New Pacific also noted that the Silver Sand Preliminary Economic Analysis (PEA) continues to advance with approximately 65% completed as of March 31 and an initial discovery drill program at Carangas is planned for 2021.  Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR) has revealed that ended its first quarter with US$60.4 million of working capital as it gears up to expand its rare earths capabilities this year. The integrated resource company is making strides toward building a critical US rare earth supply chain with the development of a rare earth element (REE) carbonate production program at its White Mesa Mill, which was ramped up during the first quarter of 2021. Outside of its rare earths initiatives, Energy Fuels reported that it holds around $28 million worth of inventory, including 690,800 pound of uranium and 1,672,000 pounds of vanadium – both “immediately marketable,” according to a statement. Phunware Inc (NASDAQ:PHUN) (FRA:2RJ), a fully integrated enterprise cloud platform for mobile, reported that it ended its first quarter with a record $23.5 million in cash. The company also said it generated net revenue of $1.6 million for the quarter ended March 31.  Its Multiscreen-as-a-Service (MaaS) platform subscriptions and services revenues were $1.5 million, with a gross margin of 58%.  Bam Bam Resources Corp (CSE:BBR) (OTCPINK:NPEZF) (FRA:4NPB) has reported encouraging drill results from its flagship Majuba Hill project in Nevada, US, which show the potential for a large sulfide copper deposit below the known oxide mineralization. The assays come from three core holes drilled at the asset in Pershing county, one of which stepped out 1,700 feet (518 meters) south from the oxide/enrichment zone to test a deep Induced Polarization (IP) chargeability high. ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) revealed in its first-quarter financial results that it had cash and its equivalents and short terms deposits of $260.4 million as of March 31, which its CFO says has been “preparing ElectraMeccanica for what’s coming next.” The combined cash on hand figure roughly doubled from $129.5 million as of December 31. Net cash increased by $130.9 million, thanks to financing activities of $147.6 million, offset by cash used in operating activities of $14.9 million and net cash used in investing activities of $1.7 million. Century Global Commodities Corporation (TSE:CNT) announced that its special purpose vehicle Joyce Direct Iron Inc is seeking to list on the Australian Securities Exchange after raising A$2 million. JDII owns the Joyce Lake DSO iron ore project in Canada, where Century is listed. In a statement calling the completion of the financing a “key milestone”, Century said that JDII is hoping to list to facilitate the project’s development through permitting and towards a production decision. Sassy Resources Corporation (CSE:SASY) (OTCQB:SSYRF) (FRA:4E7) said that through its subsidiary Gander Gold Corp, it has expanded its Newfoundland property holdings by 876 square kilometers (sq.km). The 3,503 newly acquired claims now encompassing 2,257 sq.km over a large portion of the Mount Peyton Intrusive and Gabbroic Complex situated in between New Found Gold’s Keats Zone and Sokoman Minerals’ Moosehead discovery, the company said.  Elys Game Technology Corp (NASDAQ:ELYS) (NEO:ELYS) has reported that its first-quarter 2021 revenue surged by 39% year over year to a record $14.2 million, as the company’s wager turnover for the period hit a new high of about $243 million. Elys also noted that its balance sheet is stronger than at any time in its history, with cash and equivalents of $21.5 million and no long-term debt as of March 31, 2021. “Our web-based gaming turnover increased by an impressive 150% over the same period last year and we continue to generate strong cash flow from operations,” Elys Game Technology CEO Matteo Monteverdi said in a statement.   Unigold Inc (CVE:UGD) (OTCQX:UGDIF) (FRA:UGB1) unveiled a new mineral resource estimate for its Candelones project that added nearly 200,000 ounces of gold to the resource. Candelones, part of the company’s Neita Concession in the Dominican Republic, now contains measured and indicated resources of 24 million tons averaging 1.50 grams per ton (g/t) containing 1,158,000 gold ounces. Additional resources in the inferred category include 25.4 million tons averaging 1.34 g/t gold for nearly 1.1 million ounces.  Maverix Metals Inc (NYSEAMERICAN:MMX) (TSE:MMX) (FRA:7781) posted first-quarter results, which showed an uplift in net income and revenue, while the royalty company announced a 25% increase to the dividend. Net income for the three months to end-March was US$14.7 million, up from US$860,000 in Q1 2020, on total revenue of US$13 million, up 41% from US$9.2 million a year earlier. Gold equivalent ounces sold in the three months was 7,302, up from 5,871 in Q1 2020 and the cash flow from operating activities was US$13.4 million (Q1 2020: US$4.8 million). Esports Entertainment Group Inc (NASDAQ:GMBL) has announced that its subsidiaries EGL and Helix eSports have partnered with Riot Games to host the Summer 2021 North American LCS Proving Grounds League of Legends esports tournament. The tournament will take place in three two-day periods spread over three weeks, the company said, beginning on July 12-13, followed by July 19-20 and the grand finals on July 26-27. The grand finals offer a $10,000 prize pool, and teams will earn tiered qualification points based on their placement for a shot to move into the LCS Proving Grounds penultimate events. The 2021 LCS season is the fourth year of Riot's North American League Championship Series, a professional esports league for the multiplayer online battle arena PC game League of Legends, the company said. LCS is the top level of professional League of Legends in the US and Canada. The 2020 LCS summer split drew peak viewership of 551,679 viewers and 34.7 million total hours viewed, up 72% over 2019. Nomad Royalty Company Ltd (TSE:NSR) (OTCQX:NSRXF) (FRA:IRLB)  announced it has agreed to acquire a 0.28% net smelter return (NSR) royalty on the producing Caserones mine in Chile.  Nomad said the transaction adds a new revenue stream from Chile while providing the company with measured exposure to copper, a key metal powering the world’s transition to a clean energy economy. “The Caserones Royalty provides Nomad with immediate cash flow over a very long mine life from Chile, a tier 1 mining jurisdiction,” Nomad Royalty CEO Vincent Metcalfe said in a statement. Fireweed Zinc Ltd (CVE:FWZ) (OTCMKTS:FWEDF) (FRA:20F) has posted more drill results from its flagship Macmillan Pass project in Yukon - this time from a reverse circulation (RC) program at the Tom and Jason deposits. The aim was to assess the potential of RC drilling as a lower-cost alternative to diamond drilling for upgrading resources at shallow depths and the holes were sunk as infill and twin holes at the Tom and Jason deposits. A step-out was also drilled at Tom North. NexTech AR Solutions Corp (OTCQB:NEXCF) (NEO:NTAR) (CSE:NTAR) (FRA:N29) announced that it has been designated as a preferred vendor by the not-for-profit tourism association, Visit Tampa Bay. Through this partnership, NexTech said it has the opportunity to connect with confirmed conferences for the city of Tampa Bay. In the past, Tampa has hosted conferences of the American Academy of Dermatology and Connect Marketplace, and high-profile sporting events such as Super Bowl 55 and Wrestlemania 37. “We are thrilled to partner with Tampa Bay,” NexTech CEO Evan Gappelberg said in a statement. “Nextech’s hybrid and virtual events platform keeps audiences engaged with stunning virtual conferences, trade shows, meetings and augmented reality experiences.” BTU Metals Corp (CVE:BTU) (OTCPINK:BTUMF) has announced that drilling is now underway and designed to test various new targets at the TNT area on the Dixie Halo properties near Red Lake, Ontario. In a statement, the company said the drill targets have been defined using all available geological information as well as all available geophysical data including recently completed surveys. All newly developed geochemical data and analysis were also used in the extensive re-interpretation of the area to develop the new targets, the company added.  Progressive Planet Solutions Inc. (CVE:PLAN) has announced the appointment of Chris Halsey-Brandt as the company's CFO, replacing David Cross. Halsey-Brandt is both a Chartered Professional Accountant (CPA) and a Chartered Business Valuator (CBV) and currently owns and operates a successful food processing business. Prior to becoming an entrepreneur, he was a partner at Blair Mackay Mynett Valuations Inc. (BMM), a leading Vancouver-based business valuation firm. During his time at BMM, he specialized in the valuation of public and private companies. To ensure an orderly transition, the company said Cross will be retained in a consultancy role until August 1, 2021. TPCO Holding Corp. - The Parent Company - (NEO:GRAM.U) (OTCQX:GRAMF) has announced the appointment of Desiree Perez to its board of directors effective from May 13, 2021. A multi-industry leader and a well-known advocate for social and criminal justice reform, the company noted that Perez has developed her impressive reputation for cultural, creative and business acumen over her 20-plus year career. Perez currently serves as chief executive officer of Roc Nation, LLC, a preeminent entertainment company based in New York and Los Angeles. Roc Nation works in every aspect of modern entertainment and boasts an unrivaled client list of recording artists, producers, songwriters and advocates for social change that includes some of the world’s most recognizable names in entertainment. Hannan Metals Limited (CVE:HAN) (OTCPINK:HANNF) (FRA:C8MQ) has advanced its Tabalosos project in Peru, part of the huge land package under its San Martin joint venture with Japan Oil, Gas and Metals National Corporation (JOGMEC), a step further with the receipt of approval to carry out an environmental impact statement. Known as a Declaración de Impacto Ambiental, or 'DIA' study, it allows for 'low impact' exploration programs, including diamond drilling. Baseline studies for this DIA will take around three months to complete by 12 specialist consultants, said Hannan. The final DIA and other approvals are anticipated during early 2022. BetterLife Pharma Inc. (CSE:BETR) (OTCQB:BETRF) (FRA:NPAU) announced that it has closed a non-brokered private placement with one strategic investor by issuing 1,142,857 common shares at a price of U$0.70 per common share for gross proceeds of US$800,000. The common shares issued under the offering are subject to a hold period under applicable securities laws, which period expires four months and a day following the date of issuance. BetterLife said it will use the proceeds for working capital purposes and for advancement of pre-clinical and clinical programs. Nabis Holdings Inc. (CSE:NAB) (OTCQB:NABIF) (FRA:A2P0) has announced the closing of a non-brokered private placement financing for gross proceeds of $252,000 through the issuance of 1,400,000 common shares at a price of $0.18 each. The company said gross proceeds raised from the offering will be used for working capital and general corporate purposes. The securities issued upon closing of the offering are subject to a hold period until September 14, 2021, under applicable securities laws. Jack Nathan Medical Corp. (CVE:JNH) (OTCQB:JNHMF) announced that it has been approved for graduation to Tier 1 Issuer status from Tier 2 Issuer status by the TSX Venture Exchange, effective May 19, 2021. “Our graduation to a Tier 1 listing is yet another milestone for us and a signal to the market of how far we have come since our qualifying transaction in October 2020,” said George Barakat, chairman and chief executive officer of Jack Nathan Health. “As we accelerate our operational growth plans this year it is important for us to remain committed to ensuring our visibility as a publicly-traded company continues to enhance. We believe this upgrade will provide us with greater access to investors and generate additional awareness." Karora Resources Inc. (TSX:KRR) said it has received approval from the Toronto Stock Exchange to renew its normal course issuer bid to purchase up to no more than 7,335,151 of its issued and outstanding common shares. Purchases under the bid may commence on May 18, 2021, and the bid will expire no later than May 17, 2022. The price that the corporation will pay for any Common Shares purchased under the Bid will be the prevailing market price at the time of purchase. Any common shares purchased by the corporation will be cancelled. The corporation has repurchased 278,000 common shares at an average price of $3.14 per common share on the TSX during the past twelve months under its prior normal course issuer bid. The 7,335,151 common shares that may be repurchased under the bid represents 5% of the Karora common shares issued and outstanding. Any purchases made under the bid would, among other factors, reflect the corporation's belief that its common shares trade at a significant discount to their underlying value. Karora's board of directors has determined that the bid is an effective use of the corporation's financial resources when its common shares trade at a significant discount to their underlying value. Marvel Discovery Corp. (CVE:MARV) said the plan of arrangement involving the spinout of Power One Resources Corp. has been completed. The arrangement was approved by special resolution at a special meeting of shareholders held on April 23, 2021. The company obtained a final Order approving the Arrangement from the Supreme Court of British Columbia on April 28, 2021, and the arrangement became effective on May 13, 2021. Under the arrangement, holders of Marvel shares as of the close of business on May 7, 2021, received one common share in the capital of Power One for every five common shares held in the company. Power One has also issued 5,000,000 Power One Shares to Marvel under the arrangement. The company said it is the intention of Power One to raise new capital, and to seek a listing on the TSX Venture Exchange; however there is no assurance Power One will be successful in doing so. The International Speculator, in its April 27, 2021, issue has upgraded District Metals Corp. (CVE:DMX) to 'buy from 'hold', officially, buy up to 45 cents. The newsletter said that District Metals evaded the fall most other gold mining stocks had earlier this year, largely because the company is not strictly a precious metals play. Its projects in Sweden are mainly gold and silver plays, but they also have significant amounts of base metals: copper, zinc and perhaps even cobalt. Metals like copper have been on a tear. Having exposure to multiple metals likely helped District avoid a sell-off. District is also making good progress in advancing its projects. On March 15, the company announced it launched a 5,000-metre drill program. This will be the first test for new mineralization below old mines on the property. District followed this up on March 31 with news that recently completed geophysical surveys have found very good targets underneath those mines. The newsletter thinks investors should get first assays in late May, adding there is a "good chance" this drilling will yield promising results. Hillcrest Energy Technologies (CNSX:HEAT.CN) (OTCMKTS:HLRTF) (FRA:7HIA.F) has announced that the company will present at a live webinar hosted by Amvest Capital on Thursday, May 20t, 2021, at 4.05pm EST / 1.05pm PST. Hillcrest will discuss corporate developments, current highlights and future business objectives. Members of the Hillcrest executive team, including CEO Don Currie and CTO Ari Berger, will present and participate in a Q&A session. Shareholders can register for the free webinar at: https://register.gotowebinar.com/register/9140971751402634512?source=av.  For those unable to participate, a recording of the webinar will be posted to the Hillcrest Energy Technologies website following the live broadcast at: https://hillcrestenergy.tech/ American Battery Metals Corporation (OTCQB:ABML), which is in the process of changing its name to American Battery Technology Company, has announced that David Corsaut, its chief financial officer, will present at Sidoti & Company's Virtual Microcap Conference on May 19, 2021, at 4.00pm ET Investors can register for the event using the following link: https://sidoti.zoom.us/webinar/register/WN_u5MV-73EQ6KkS9FHXhKRBA OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, today announced that EcoGraf Limited (ASX:EGR) (OTCQX:ECGFF), a vertically integrated free battery anode company, has qualified to trade on the OTCQX Best Market and has 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. EcoGraf managing director Andrew Spinks commented: "We are pleased to commence trading on the OTCQX at a time when investor interest and investment is surging in the US for the electric vehicle sector. Our team looks forward to supporting the transition to clean energy in the US, as EcoGraf's vertically integrated eco-friendly HFfree battery anode material business provides mine-to-market ESG supply chain assurance. This includes recycling, which is positioned to support lowering carbon emissions and battery unit costs through recovery of the carbon anode material from recycling lithium-ion battery materials."