NA Proactive news snapshot: CleanSpark, Gratomic, Progressive Planet, Sigma Lithium, Kootenay Resources UPDATE ... (2022)

CleanSpark Inc announced that its third-quarter 2022 revenue surged 243% year-over-year to $31 million, as the company mined a record 964 Bitcoins and increased its Hashrate by 22% during the period. The sustainable bitcoin mining and energy technology firm also recorded positive Adjusted EBITDA of $15.2 million during the 3Q, which represents margins on revenue of 49%, compared with negative Adjusted EBITDA of $1.7 million a year ago.

Gratomic Inc said initial earth-moving activities would commence at its flagship Aukam project in Namibia on August 15 as the company works towards completing a feasibility study on the Aukam processing plant. The company said benching, which typically consists of successively cutting berms across the mountain edge to expose underground material while ensuring the stability of the mountain structure, would allow for the collection of graphite in stages as platforms are constructed on the Aukam mountain. It is estimated this phase of the program would take about six months and it is projected to move approximately 20,000 tonnes of material from the mountain to be stockpiled at the run of mine pad of the company’s Aukam processing facility, according to Gratomic.

Progressive Planet Solutions Inc investor George David Richardson filed an early warning report. Effectively on August 9, 2022, Richardson acquired ownership indirectly through Countryman Investment Limited, a company wholly owned by him, which acquired one million common shares of Progressive Planet on exercise of share purchase warrants at $0.15 per warrant for proceeds of $150,000. Prior to the transactions, the acquiror directly and indirectly owned and controlled an aggregate of 24,45 million shares and 5,497,222 shares issuable on exercise of share purchase warrants, which represented 26.4% of the 92.611,151 shares issued and outstanding on August 8, 2022, the date prior to the issuance of the shares, on a non-diluted basis. If the acquiror were to exercise the share purchase warrants, the acquiror would directly and indirectly own and control 29,945,721 shares, or 30.5% of the issued and outstanding shares calculated on a partially diluted basis.

Sigma Lithium Corporation has filed a technical report titled "Grota do Cirilo Lithium Project Aracuai and Itinga Regions, Minas Gerais, Brazil, Phase 3 Mineral Resource Estimate" (the "Phase 3 Technical Report") announcing the approximate 50% increase to the total mineral resource estimate at its 100% owned Grota do Cirilo project. The maiden mineral resource estimate at the project's Phase 3 NDC deposit increased to 85.7 million tons, comprised of: 73.6 million tons of Measured and Indicated mineral resources grading at 1.43% lithium oxide (Li2O); and 12.1 million tons of Inferred mineral resources grading at 1.45% Li2O. The Phase 3 mineral resource estimate of 26.8 million tons announced on June 22, 2022 is comprised of: 23.3 million tons of Measured and Indicated mineral resources grading at 1.49% Li2O; and 3.5 million tons of Inferred mineral resources grading at 1.48% Li2O.

Kootenay Resources Inc has reported positive results from the magnetotelluric (MT) survey at its Moyie Anticline project in southeastern British Columbia as part of its program to discover a tier one deposit. The Vancouver-based exploration company said the program has been “very successful in identifying numerous deep conductive 'feeder' zones within which are at least 29 individual strong conductors”. Seven of the strongest anomalies are of a size and conductive strength thought to be comparable with that of a large sulfide deposit similar to the expected magnitude of the famous Sullivan Mine, added the firm. Subject to financing, the company plans to conduct further MT surveying around the stronger and larger anomalies to establish 3D imaging for drill targeting. The resulting targets will be evaluated against Kootenay's existing database of geological and geochemical information and ranked in order of priority based on features indicative of Sullivan-style mineralization.

Arizona Silver Exploration Inc has announced drill results from two core holes at its Philadelphia gold project in Arizona. The first, hole PC22-93, was drilled 350 meters north of the northernmost core holes completed earlier in the program and successfully extended the strike length of the mineral system to more than 750 meters. Meanwhile, PC22-92T was intended to be a twin of reverse circulation hole PRC21-85, which intersected 115.85 meters of 1.34 grams per tonne (g/t) gold and 5.79 g/t silver, for quality control purposes.

Infinity Stone Ventures Corp announced that it has purchased an option to acquire the Thor manganite project on the Magdalene Islands in Quebec. The acquirer of critical mineral deposits and occurrences said the property, which covers 698.4 hectares in two blocks, is highly prospective for the manganese ore mineral manganite, with historic drill holes having intersected “significant” manganese mineralization.

MAS Gold Corp has revealed the final drill results from its winter drill program at the La Ronge gold belt in Saskatchewan that demonstrated strong upside potential on the property. Results from the 30 remaining diamond drill holes included a high-grade gold intercept at the North Lake deposit of 8.79 grams per tonne (g/t) gold over 3 meters (m) – one of the highest assay results ever recorded,MAS Gold said. The majority of holes were drilled at North Lake, with four holes each drilled at the Point and Preview SW deposits.

Great Atlantic Resources Corprevealed that it has received impressive gold assays and multi-element analyses for drill core samples from its 2022 drilling program at its Mascarene property in southern New Brunswick. The Vancouver-based exploration company said the program was conducted in the southern region of the Mascarene property at the Wheal Louisiana copper-nickel-cobalt mineral occurrence. The drilling program tested areas of reported copper soil geochemical anomalies and copper and gold-bearing rubble near historic pits/shafts. This was the company’s maiden drill program for the southern region of the property.

Gungnir Resources Inc has reported its first 2022 assayresults as drilling continues at its Lappvattnet nickel deposit in northern Sweden with the goal of upgrading and expanding the existing resource. Highlights from the initial six drill holes includewide zones of nickel mineralization up to 19 metres (m) grading 0.80% nickel starting at 68m down-hole, with peak individual assays of 4.29%, 3.45% and 2.8% nickel. The results from four holes, three of which Gungnir Resources said contain sections of massive sulphide, are pending.

Noble Capital Marketshasreiterated an 'Outperform' rating forGevo Inc, noting that the company’s second-quarter results met its expectations. Gevo recently reported revenue of $100,000, in line with Noble’s projections, the firm said. But there ismore to it than that, according to senior research analyst Michael Heim.“The real story, however, is not near-term results but plant developments, financing, and contract signings,” Heim said in a note to clients. “Gevo was active in all aspects of the business. The company signed five new take-or-pay jet fuel contracts and now totals 350 million gallons/year or $2.2 billion.”

HighGold Mining Inc boosted its land package in Timmins by another 25% this week, earning accolades from analysts at Stifel GMP. The junior exploration firm acquired another 56 square kilometers of additional claims – the majority of which are directly along the southern border of Newmont’s Dome mine and connect to HighGold’s existing Timmins South claims. According to Stifel, the acquisition is “in line with HighGold’s strategy to develop under-explored properties within the Timmins gold camp that are located along trend of other major gold discoveries and present high geologic potential.”

PaltalkInc has announced that its cash position remains solid at $16.9 million at the end of June 2022, with the company seeking further strategic opportunities after successfully acquiring the assets of live streaming software and virtual camera ManyCam. To that end, the communications software innovator has engaged Roth Capital Partners, LLC to assist withbuy-side opportunities to accelerate its growth and profitability. "We look forward to working with Roth Capital Partners in exploring strategic opportunities as we build upon our recently closed acquisition of the ManyCam assets,” Paltalk chairman and CEO Jason Katz said in a statement announcing the company’s second-quarter results.

CULT Food Science Corp has provided a project-based outlook for the remainder of 2022 and a summary of its most significant developments since it began trading on the Canadian Securities Exchange in January this year. The investment company said its management expects innovative new intellectual property (IP) and ventures to be developed from its collaborations before the end of the calendar year. In a statement, Lejjy Gafour, CEO of CULT said: "We continue to grow the key aspects of our cellular agriculture ecosystem and collaborate with our portfolio companies in order to evolve the field for the greater good. CULT management is pleased with the progress that the company has made thus far, and we are excited about the possibilities that our new undertakings will provide the company in the near future as well as over the long term,” he added.

Victory Resources Corporation said its exploration team has received results from the extensive ground sampling program, which builds on favourable drill results, aimed at guiding prime drill locations for its next round of drilling on the company’s Smokey Lithium Property in Nevada. “The results of the ground sampling program are an important component of our ongoing exploration efforts at the property, which is also deploying geologic mapping and geologic modeling all focused on identifying additional drill targets with the highest possible potential for intercepts on the Smokey Lithium deposit,” Victory president and CEO, Mark Ireton said in a statement.The ground sample program, completed at the end of June 2022, delivered lithium-bearing claystones located at surface via hand sampling. One hundred sixteen hand samples were taken from the property and sent to ALS Labs. Lithium-bearing claystones at surface as high as 630 parts per million (ppm) were located on the southwest section of Victory’s Smokey Lithium claim block.

CleanSpark Inc said it has entered into a definitive agreement to acquire an active bitcoin mining facility located in Washington, Georgia, for $16.2 million. The company said it has also purchased approximately 3,400 of the latest generation Antminer S19 series of machines for approximately $8.9 million. These machines, already operating at the acquired site, will add over 340 petahashes per second (PH/s) of computing power. CleanSpark said it will fill the balance of the 36 MW with machines already paid for and on hand. The site has exclusive rights to an additional 50 MW of power, making the site scalable to 86 MW. "We are excited to expand our footprint in Georgia," said Zach Bradford, CleanSpark's CEO in a statement. "The market has been preparing all summer for consolidation, and we are pleased to be on the acquiring side. Our focus on sustainability and maximizing value for our stakeholders have put us in a unique position to take advantage of the unprecedented opportunities that the current market has created."

Plurilock Security Inc said it has agreed to acquire certain assets of Atrion Communications Inc, a veteran-owned leading American provider of consulting, IT and cybersecurity solutions for US$3.7 million to be paid through a combination of cash and shares. The cybersecurity company has entered into the purchase agreement through its subsidiary, Aurora Systems Consulting Inc and saidthe transaction will enableit to expand its geographic footprint, and facilitate access and ongoing growth opportunities and expansion ofits East Coast-American operations. “The transaction represents our third acquisition as a public company and serves as another milestone in our mission to acquire accretive cybersecurity and IT assets with great customers, capabilities, and distribution channels where we can cross-sell our high-margin solutions to deliver economies of scale,” Plurilock CEO Ian LPaterson said in a statement.

Marvel Discovery Corp said that Power One Resources Corp, currently a wholly-owned subsidiary of the company, has received final approvals on the plan of arrangement for its spin-out on theToronto Venture Exchange (TSX.V) announced April 23, 2021. Marvel said it has made great progress to date, and is now finalizing the response back to the TSX.Vfor the listing of Power One's shares. As part of the transaction, Marvel shareholders received 16 million Power One common shares, with the company itself receiving 5 million Power One common shares for transferring ownership of the Serpent River Pecor's project at Elliot Lake, Ontario, and the Wicheeda project at Prince George, British Columbia to Power One. In a statement, Marvel chief executive officer Karim Rayani commented: "We are thrilled to finally move forward on Power One, we believe these projects have tremendous potential. We are in the right place at the right time - the resurgence of Uranium as a clean energy and the growing demand and interest in green and critical elements for a cleaner future is not going away. We have oversubscribed our offering and look forward to reporting back on a final approval date".

Eskay Mining Corp has announced the discovery of a new volcanogenic massive sulfide (VMS) centre at Jeff North as well as recent drill intercepts of polymetallic mineralization in two areas along the TV-Jeff corridor, part of its Eskay project in British Columbia. Over 13,000 metres (m) of diamond drilling has been undertaken in numerous drill holes along 3.7 kilometres (km) of strike at TV-Jeff, the company said. Diamond drilling also continues at the Scarlet Ridge area. To date, Eskay Mining has completed approximately 15,600m of diamond core drilling, approximately 52% of the 30,000m planned to be completed in 2022. Drill production remains on target to reach this aggressive goal with four drills fully operational, it said.

SinglePoint Inc said it expects to see substantial increases in residential solar energy projects providing revenue opportunities for its majority-owned subsidiary Boston Solar with the passing of the Inflation Reduction Act by the US Senate on August 7, 2022. The company said the climate change and tax package would provide $370 billion in funding for clean energy, including extending and increasing lucrative tax credits for solar energy which enables residential homeowners to claim up to 30% of the value of a solar project as a tax credit. SinglePoint noted that the package’s tax credit also applied to energy storage allowing consumers to retrofit an array of batteries with a wide range of solar infrastructure which the company said would significantly increase immediate revenue opportunities for SinglePoint through Boston Solar.

In a separate statement, SinglePoint also announced the appointment of JimRulfsto the board of directors. Rulfs' 40-year business background includes experience in launching companies, working in mergers and acquisitions, and corporate finance. "We are very pleased to welcomeJim Rulfsto the Board of Directors of SinglePoint at a juncture when his deep experience in mergers and acquisitions and building companies will be used as we experience rapid growth," CEO Wil Ralston said.

TraceSafe Inc has announced the launch of ShiftCarbon, a highly modular platform built to support organizations on their journey toward carbon neutrality and net-zero. "Organizations are being driven to decarbonize by all major stakeholders, yet they aren't able to reliably measure their emissions or access efficient decarbonization opportunities,” TraceSafe CEO Wayne Lloyd said in a statement. “With ShiftCarbon, our vision was to offer solutions that would help customers address their immediate needs, irrespective of where they stand in their net-zero journey," he added.

SPYRInchas announced the launch of the Micro-Tracker modem, which the company says is the world’s smallest Internet of Things (IoT) tracking device. The technology firm noted the Micro-Tracker modem, which is the size of a postage stamp, blends miniscule size with unparalleled compatibility and reporting, and can be attached to, or inserted inside, a seamlessly unlimited array of devices, assets, packages, equipment and power tools to provide regular updates on their location, adding to the formidable technology of earlier GeoTraq offerings. “We believe Micro-Tracker is a true and demonstrable game changer for IoT and its massive applications,” SPYR chief technology officer Pierre Parent said in a statement.

American Resources Corporation said it has received an allocation commitment totalling $4.9 million in federal New Markets Tax Credits for its Wyoming County coal (WCC) complex in West Virginia. The company noted thefunding followsthe West Virginia Economic Development Authority's support ofa resolution preliminarily approving the issuance of up to $45 million of Tax-Exempt Solid Waste Disposal Facility Revenue Bonds, Series 2022 on behalf of American Resources’ wholly-owned subsidiary Wyoming County Coal LLC, which is expected to close within the next 90 days. American Resources CFO Kirk Taylor said the company isexcited withthe continued support of its innovative business model by both the federal and state governments.

Victory Square Technologies Inc announced that its white labeled software technology platform from subsidiary VS Digital Health has added a new franchise operator The Dripbar LLC, which is now live on the Apple and Google app stores. The Dripbar (DRIPBaR) is a franchise operator aimed at helping people interested in intravenous therapies to combat the effects of chronic illness and ageing and to achieve personal wellness.The DRIPBaR aims to make its vitamin therapy options,including intramuscular quick shots, lifestyle drops, health support drips and oral supplements accessible throughout the US.

Eskay Mining Corp has announced the discovery of a new volcanogenic massive sulfide (VMS) centre at Jeff North as well as recent drill intercepts of polymetallic mineralization in two areas along the TV-Jeff corridor, part of its Eskay project in British Columbia. Over 13,000 metres (m) of diamond drilling has been undertaken in numerous drill holes along 3.7 kilometres (km) of strike at TV-Jeff, the company said. Diamond drilling also continues at the Scarlet Ridge area. To date, Eskay Mining has completed approximately 15,600m of diamond core drilling, approximately 52% of the 30,000m planned to be completed in 2022. Drill production remains on target to reach this aggressive goal with four drills fully operational, it said.

Kontrol Technologies Corp, a leader in smart buildings and cities through the Internet of Things (IoT), Cloud and Software as a Service (SaaS) technology, has been selected by one of Ontario's largest cities to deliver a Net Zero Emission and Climate Action plan. "This is a major accomplishment for Kontrol with its third public sector customer in a short period of time," saidPaul Ghezzi, CEO of Kontrol Technologies in a statement. "Our team continues to drive new wins in the public sector as the policy shift to net zero emissions continues in earnest. Buildings across the commercial and industrial sector represent a primary source of ongoing emissions and our customers are seeking solutions to mitigate and offset those emissions," he added.

Mindset Pharma Inc CEO James Lanthier has told investors that in the last six months, the biotech company’s efforts in the psychedelic space have begun to deliver impressive innovations, partnerships, and feedback reinforcing the firm’s patent portfolio. The Toronto-based drug discovery and development company is focused on creating novel, next-generation psychedelic and non-psychedelic medications to treat neuropsychiatric and neurological disorders. In June 2022, Mindset announced its proprietary, patent-pending, intranasal formulation technology, which has the potential for improving the administration of central nervous system (CNS) medications, including first and subsequent generations of psychedelic medicines.

Doubleview Gold Corp announced that a detailed mineralogical study of the distribution of scandium in its 100%-owned Hat deposit head and metallurgical samples has been completed. The Hat copper-gold-cobalt deposit is located in the Golden Triangle region of Atlin Mining District in British Columbia. Assay data and metallurgical testwork has indicated that the Hat deposit contains scandium at elevated levels of 45 to 50 parts per million (ppm), twice that normally found in crustal rocks, the company said. A comprehensive testwork program is currently underway at Sepro Laboratories in Langley, British Columbiato investigate the potential for scandium recovery and extraction. In a statement, Doubleview CEO Farshad Shirvani said: "The company is extremely encouraged with the latest phase of metallurgical work. The potential impact of being able to include economically recoverable scandium to the Hat Deposit is significant."

Stuhini Exploration Ltdannounced that ithas begun a new drilling program atits Ruby Creek project near Atlin, British Columbia. The program consists of between eight to 10 core diamond drill holes targeting intrusion gold in an area referred to as Ruby Flats. The planned 2,500 to 3,000 metre program is expected to be completed by the end of September, Stuhini said. Group Inc has announced the results of its Recruiter Index for July, revealing that the metrics of candidate sentiment and recruiter sentiment improved after two months of decline. Candidate sentiment, the measure of how open candidates are to new jobs, increased to 3.5 out of 5, the highest level of the year. Recruiter sentiment, the measure of how recruiters feel about the job market, increased to 3.4 out of 5. The average number of roles recruiters are working on held steady at 16 in July, however, 46% of recruiters noted an increase in applicant volume, the company said, a 77% increase from June.

Group Eleven Resources Corp has provided an interim update on its zinc and copper exploration activities in the Republic of Ireland. "We are very pleased with the steady progress made so far this year with our two-rig drill program, as well as, with our bolstered strategic position the Limerick region," said Bart Jaworski, Group Eleven CEO in a statement."We are on-track to complete our 2022 drill program totalling over 6,000m. Drilling continues on several regional targets at PG West, to be followed by the completion of three remaining holes at Stonepark, as well as, follow-up drilling at Carrickittle. At Tullacondra, our expanded ground position covers the western extension of Waulsortian limestone, adding further compelling zinc exploration upside to what is already an exciting copper-silver prospect," he added.

Nextech AR Solutions Corp has announced the launch of its ARitize Configurator as an upgrade to the ARitize 3D app in Shopify, offering one integrated solution for Shopify merchants.The company said the ARitize 3D app for Shopify has had a 40% conversion rate to date with 312 downloads, and 124 merchants in a paid plan subscriptions. Adoption is growing in the Shopify community for 3D models, and it is anticipated that adding the Configurator option will only accelerate merchants' adoption, it added.In a statement, Nextech AR CEO Evan Gappelberg said: “Over the past several years, eCommerce sales have sky-rocketed on Shopify and Amazon. Customers are shopping more online and making more purchases online than ever before in new categories like furniture due to 3D models and AR.

In a separate statement,Nextech AR Solutions alsoannounced that the company's CEO Evan Gappelberg will be attending the Q3 Virtual Investor Summit via the following link: During the presentation, Gappelberg will discuss the company's groundbreaking 3D modelling for e-commerce and metaverse spatial mapping technologies, and how they are impacting Web 3.0. The presentation will be webcast and an archived recording will be made available in Investors' section of the company's website.

Looking Glass Labs Ltd (LGL) has announced that Dorian Banks, its chief executive officer, has been invited to attend the Frontier Summit in Vancouver, British Columbia occurring from August 9-10, 2022. The summit is being planned as an exclusive event featuring discussions about frontier technologies, the metaverse and Web3 development, as well as the future of the world’s economy. Banks will have the opportunity to connect with founders, investors and leaders with similar missions and goals rooted in Web3 technologies and the internet. “It is an honour to be invited to attend the Summit as a representative of the company and House of Kibaa. I’m looking forward to engaging in rewarding and educational sessions and activities and getting to meet other leaders in the Web3 space,” Banks said in a statement.

Anacortes Mining Corp said the TSX Venture Exchange has consented to an extension in the expiry date 1,792,958 warrants with an original expiry date of August 8, 2022, to a new expiry date of August 8, 2023, at an unchanged exercise price of 51.6 cents. The warrants were issued under a private placement under New Oroperu Resources Inc - the company's previous name - of 1.85 million shares with 1.85 million share purchase warrants.

Jushi Holdings Inc has announced that Kim Eastman, the company's vice president of Manufacturing, will be participating in the Cannabis Conference Presented by Cannabis Business Times at Paris Las Vegas Hotel & Casino in Las Vegas, Nevada. Eastman is scheduled to participate in a panel discussion entitled, 'How to Build Out and Set Up an Extraction Facility' beginning at 10.00am PT on Tuesday, August 23, 2022. To register for the event, interested parties can use the following link: For more information about the conference, interested parties can contact Jushi's Investor Relations at

Alternus Energy Group PLC has said it will share its Q2 2022 financial results on Wednesday, August 17, 2022, at 1.00pm Irish standard time / 2.00pm CET. The company's chairman and Group CEO, Vincent Browne will present the results alongside CFO, Joseph Duey. The presentation will be followed by a brief Q&A session. Interested parties can register to attend the event by clicking on trhe following link: Those unable to attend the event, will be able to view the recording and reports on the company website afterwards at:

Bridgeline Digital Inc has announced that it will release its financial results for the third quarter of fiscal 2022 on Thursday, August 11, 2022, at 4.30pm ET. On that day, Ari Kahn, the company's president and chief executive officer, and Thomas Windhausen, its chief financial officer, plan to host a live conference call also at 4.30pm ET to discuss the financial results. Interested parties can register for the conference call at: Participants can register for the conference call using the URL and once registered, will receive dial-in numbers and their unique PIN number.

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