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  • Geologica Acquires 100% of Titan Claims Targeting Copper Polymetalic Veins and Critical Minerals in Prolific Atlin Mining District

    Vancouver, British Columbia--(Newsfile Corp. - July 10, 2024) - Geologica Resource Corp. (CSE: GRCM) (FSE: 862) ("Geologica" or the "Company") is pleased to announce the strategic acquisition of the "Titan" property ("Titan") in the Atlin mining district of British Columbia. These claims are adjacent to the Llewellyn Fault Zone (LFZ), a major crustal-scale structure extending over 150 kilometers and known to host several gold, silver, and base metal showings, including the past-producing Engineer and Mount Skukum gold mines. Exploration at Titan is primarily focused on polymetallic vein systems potentially associated with splays off the highly prospective Llewellyn Fault Zone. Table 1 displays select grab samples taken in 2018 from the Buchans Creek showing in the north-central part of the property. Table 1. Select 2018 Grab Samples from Buchans Creek Showing To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10667/215983_ab28bf8d446ce8ad_001full.jpg The Buchans Creek showing is a high-grade polymetallic vein measuring 1-1.5 meters wide. This vein has been observed at three distinct locations along the surface and has been traced for 10-20 meters at each exposure. The vein is enriched in gold, silver, copper, lead, zinc, antimony, and tellurium. 2018 sampling results returned up to 11.4 g/t Au, 0.81% Cu, >100 g/t Ag, >0.2% Sb, and >0.1% Te . Airborne magnetic and EM surveys have traced an anomalies extending from the Buchans Creek showing for 2 kilometers south-southeast, overlapping with the historical Rupert I showing, which contains historical grab samples grading up to 4.1 g/t Au, 237.6 g/t Ag, 11.8% Pb, and 0.60% Zn. Critical Mineral Significance While historical exploration at Titan primarily focused on precious and base metals, recent sampling has identified elevated levels of antimony and tellurium. These elements are classified as critical minerals by the Canadian and U.S. governments due to their essential uses and supply constraints. Antimony, a strategic critical mineral, is primarily produced in China and Russia, accounting for 70% of global production. With no antimony production in North America, the development of domestic supplies is critical. Analysts predict that global demand "cannot be met from current supplies" in the coming years. Antimony is crucial for military applications, digital circuitry, and next-generation liquid metal batteries, which are key to scalable energy storage for renewable sources like wind and solar power. The growing demand and limited supply have driven prices to record highs: Shanghai Metals Exchange data shows antimony ingot prices in China reached 127,500 yuan ($17,588.88) per metric ton on May 29, 2024, a 56% increase in 2024 alone. European prices have also surged to a record $21,000 per ton, a 75% increase this year. Tellurium, another strategic critical mineral, is one of the least common elements on Earth. With an average concentration of only 3 parts per billion in most rocks, it is rarer than rare earth elements and eight times less abundant than gold. Historically, tellurium was used in metallurgy as an additive to steel and copper, lead, and iron alloys. Today, it is primarily used for manufacturing films essential for photovoltaic solar cells. Alloyed with cadmium, tellurium forms a compound with enhanced electrical conductivity, enabling thin films to efficiently convert sunlight into electricity. As of June 18, 2024, the spot market price for tellurium is $87,000 USD per tonne, up over 20% from its low in October. This represents a substantial increase from the average annual price of $38,000 USD per tonne in 2017. Notably, between 2017 and 2021, the U.S. imported 95% of its annual tellurium requirements. Location The Titan Property is located 35 km southwest of Atlin in the northwest corner of British Columbia. History In 1899, the Rupert and White Moose polymetallic veins were discovered along the western shore of Tagish Lake's Taku Arm opposite the Engineer Gold Mine. These were explored by trenches, adits, and shafts. In 1904, 840 kg of sorted ore from the White Moose quartz veins assayed 0.78 oz/t Au, 50.34 oz/t Ag, 7.36% Cu, 3.85% Zn, 4.79% Pb, and 1.37% Sb (Minister of Mines Annual Report, 1904). After 1918, economic and logistical challenges halted further exploration within the Titan property until the 1970s. It should be noted that these lakeshore showings are located off the current Titan property to the east. From 1979 - 1990, United Keno Hill Mines Limited (UKHM) and Placer Dome explored the property with fieldwork directed towards assessing gold-silver vein potential on White Moose Mountain. This work identified 11 polymetallic vein occurrences. The claims being acquired host the most promising of the 11 prospects, the Rupert and Buchans Creek prospects. In 2003, Eagle Plains Resources optioned the Titan property. From 2003-2014, Eagle Plains conducted several work programs consisting of geological mapping, soil sampling, rock sampling, an airborne magnetic and radiometric survey, a SkyTEM survey. Exploration Plans Assay data has been compiled for over 1,000 soil samples and 300 rock samples. The Company has also obtained previously flown SKYTEM survey data. This information will aid new exploration efforts, focusing on the Rupert - Buchans Creek trend. Much of the area between the two showings is located in a plateau area covered by talus and reworked glacial moraine material mixed with talus fines, silt, and clay. Geophysics will be used to explore this area in more detail. Doug Unwin, CEO and President of the Company, stated, "We are very excited with the addition of the Titan Property to Geologica's property portfolio. This addition enhances the company's Topley copper/gold project, adding rare critical metals to the portfolio and significant value." Property Purchase The Company will pay the vendors $3,000 once the title to the claims has been transferred to the Company by the vendor. Geologica has committed to use the vendors company or a company approved by the vendor to conduct any exploration work on the property. The vendor has been granted a 2% net smelter royalty. 1% of the royalty may be purchased buy Geologica for $1,000,000. One of the vendors is not arms length to Geologica. Figure 1. Satellite Image of the Titan Property To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10667/215983_ab28bf8d446ce8ad_002full.jpg The Company has engaged Frontier Merchant Capital Group to provide investor awareness. FronTier's Flex Marketing, is an industry leading, cross-media marketing program. Flex Marketing offers comprehensive IR and media marketing solutions to small and midcap companies seeking to create corporate awareness. The Flex Marketing service allows clients to choose and combine from a dozen industry leading media add-on partner services. Along with FronTier's traditional roadshow and IR services. The contract is for six months at a cost of $54,000. About Geologica Resource corp. Geologica Resource Corp. is a mineral explorer, focused on exploration of copper and critical minerals for electrification, building shareholder value through the acquisition of projects with significant technical merit. The Company has an option agreement and purchase agreements for 100% of the mineral claims known as the Topley Project, located in central British Columbia. The company has now acquired the Titan rare critical minerals/copper/gold property. The Company continues to evaluate additional properties to explore. Topley Copper Claims Geochemistry has identified high priority copper exploration target areas and a kilometer-scale VMS target area aligned with regional magnetic targets The region is known for its large porphyry, copper/gold, and copper/molybdenum deposits including past producing copper mines, Granisle and Bell The property is on trend with the recent NAC discovery (1.09% Cu over 300M) in the Babine Lake Porphyry camp as well as the Duke deposit The property is located in central BC, is Road Accessible, Near required labour and expertise and Cost effective to explore. BC Hydro power lines transect the property and several water sources are available on the property Porphyries contain the largest reserves of Cu and close to 50% of Au reserves in B.C. Topley Copper Property consists of 10 mineral claims totaling over 4,2163,400 Ha with known prospects and showings. Previous drilling on the claims has indicated intense hydrothermal alteration with Ag, Pb, and Zn mineralization (Dunning 2000). Sporadic regional till samples in the area are in the 90th percentile for As, Sb, Pb and Zn. Further information on Geologica Resource Corp. can be found on the Company's website  https://geologicaresource.com  and on SEDAR at https://www.sedarplus.ca The accuracy of the technical content of this overview had been reviewed by David Mark P.Geo. David is a Qualified Person as defined under NI 43-101, and a member of the Company's board of directors. He approves the technical content of this press release. Neither the Canadian Securities Exchange ("CSE") nor its Market Regulator (as such term is defined in the CSE policies) has reviewed or accept responsibility for the adequacy or accuracy of this news release. Doug Unwin President & CEO (604) 762-5355 doug.unwin@geologicaresource.com Forward-Looking Statements This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "ensuring", "believe", "anticipate", "will", "would" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, this news release contains forward-looking information pertaining to the Company's plans and objectives with respect to the Topley Project. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, failure to obtain all necessary regulatory approvals, risks and uncertainties inherent in the exploration and development of mineral properties. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws. Dunning, J. K. (2000). 1999 Diamond Drill Program Report on the Len and Ful Property. Hudson Bay Exploration & Development Co. Retrieved from https://apps.nrs.gov.bc.ca/pub/aris/Report/26329a.pdf/ SOURCE

  • Galantas Gold Announces Planned Solar Power Generation Facility at Omagh Gold Project, Northern Ireland

    TORONTO, July 10, 2024 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce that it has agreed in principle to a proposal from G&F Phelps Ltd. to develop a solar power facility at the Cavanacaw Gold Mine at the Omagh Project in County Tyrone, Northern Ireland. The two-megawatt facility, with battery storage, is expected to significantly boost power generation on site and provide lower cost power than existing diesel generation, at a significantly lower carbon footprint. “On-site solar power generation can reduce mine operating costs, lower our carbon footprint and reduce the requirement for fuel transportation onto the…” The proposal anticipates G&F Phelps renting rehabilitated land comprised of former tailings cells and a filled southern section of the former open pit. G&F Phelps is expected to provide the majority of capital required for the project, recouping the cost from the power generated. The proposal is subject to a detailed cost study, impact assessment and planning permission from regulatory authorities. Surplus power from the solar facility is expected to be exported to the local grid. G&F Phelps is a shareholder of Galantas, to which it has also provided loan finance. It is controlled by former Galantas CEO, Roland Phelps. Mario Stifano, CEO of Galantas, commented: “On-site solar power generation can reduce mine operating costs, lower our carbon footprint and reduce the requirement for fuel transportation onto the project site, resulting in fewer traffic movements locally. It is a “win-win” for the Company and the environment.” Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. About Galantas Gold Corporation Galantas Gold Corporation is a Canadian public company that trades on the TSX Venture Exchange and the London Stock Exchange AIM market, both under the symbol GAL. It also trades on the OTCQX Exchange under the symbol GALKF. The Company's strategy is to create shareholder value by operating and expanding gold production and resources at the Omagh Project in Northern Ireland, and exploring the Gairloch Project hosting the Kerry Road gold-bearing VMS deposit in Scotland. Enquiries Galantas Gold Corporation Mario Stifano: Chief Executive Officer Email: info@galantas.com Website: www.galantas.com Telephone: +44(0)28 8224 1100 Grant Thornton UK LLP (AIM Nomad) Philip Secrett, Harrison Clarke, Elliot Peters Telephone: +44(0)20 7383 5100 SP Angel Corporate Finance LLP (AIM Broker) David Hignell, Charlie Bouverat (Corporate Finance) Grant Barker (Sales & Broking) Telephone: +44(0)20 3470 0470 Forward-Looking Statements This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including results of exploration and mine development programs at the Omagh Project and Gairloch Project. Forward-looking statements are based on estimates and assumptions made by Galantas in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that Galantas believes are appropriate in the circumstances. Many factors could cause Galantas’ actual results, the performance or achievements to differ materially from those expressed or implied by the forward looking statements or strategy, including: gold price volatility; discrepancies between actual and estimated production, actual and estimated metallurgical recoveries and throughputs; mining operational risk, geological uncertainties; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign involvement; speculative nature of gold exploration; dilution; competition; loss of or availability of key employees; additional funding requirements; uncertainties regarding planning and other permitting issues; and defective title to mineral claims or property. These factors and others that could affect Galantas’ forward-looking statements are discussed in greater detail in the section entitled “Risk Factors” in Galantas’ Management Discussion & Analysis of the financial statements of Galantas and elsewhere in documents filed from time to time with the Canadian provincial securities regulators and other regulatory authorities. These factors should be considered carefully, and persons reviewing this news release should not place undue reliance on forward-looking statements. Galantas has no intention and undertakes no obligation to update or revise any forward-looking statements in this news release, except as required by law. SOURCE

  • Pegasus Resources Significantly Expands Land Package by Securing Exclusive Rights to Jupiter Uranium Project

    VANCOUVER, BC / ACCESSWIRE / July 10, 2024 / Pegasus Resources Inc. (TSXV:PEGA)(Frankfurt:0QS0)(OTC PINKSLTFF) (the "Company" or "Pegasus") is pleased to announce that on July 3, 2024 the Company finalized an agreement (the "Agreement") with KD Prospect (the "Vendor") to acquire an undivided 100% right, title, and interest in the Jupiter Project ("Jupiter Project"), a strategic uranium Project located in Emery County, Utah, USA. This acquisition is subject to the terms and conditions specified in the agreement. "The acquisition of the Jupiter Project, along with our Energy Sands Project, presents an exceptional opportunity for Pegasus and our investors." stated CEO Chris Timmins, "Energy Sands holds the potential for a discovery, supported by recent ground program findings and historical drilling data indicating a mineralized paleochannel. Meanwhile, Jupiter provides an advanced property with historical drilling, which will be instrumental in developing a future resource estimate. Together, these Projects offer a unique chance for investors to participate in both the development of a new resource and the excitement of a potential discovery." The Jupiter claim group is located 3 kilometers north of Energy Sands and consists of 48 unpatented claims situated in part, in sections 10 and 15, Township 21 S. Range 14 E. SLPM, Emery County, Utah. The claims occur in the Bureau of Land Management, and access is obtained over a well-maintained service road which joins I-70 near Green River, Utah. The Jupiter Project was previously held by Atlas Minerals from 1972 to 1983. During this period, the claim group consisted of 25 unpatented claims. Atlas Minerals conducted approximately 100+ drill holes on the Jupiter Project with the greatest density occurring in the vicinity of the northeast corner of section 15. The extensive drilling and exploration activities conducted by Atlas Minerals demonstrated significant potential, and the project was considered a viable mineral resource. Atlas Minerals was advancing the project towards full-scale mining before the collapse of the uranium market in the early 1980s. The historical drill logs reveal promising results, with notable uranium intercepts. Pegasus will utilize the valuable information provided to guide our exploration program. Our goal is to create a resource estimate in accordance with the current CIM Definition Standards on Mineral Resources and Mineral Reserves. The historical data underscores the project's potential for substantial uranium mineralization. Terms of the agreement: Issuance of Shares: Pegasus will issue 2,200,000 common shares ("Consideration Shares") to the Vendor within 10 business days following TSX Venture Exchange approval of the Agreement. Cash Payments: The Company will make a payment of $25,000 USD to the Vendor within 30 days of signing the Agreement. Additionally, subject to TSX Venture Exchange approval, a further payment of $75,000 USD will be made on or before the earlier of November 1, 2024, or 10 business days following the closing of a Private Placement. By the Company. Pegasus commits to conducting a drilling program totalling 1500 meters on the Jupiter Project within 30 days following the first anniversary of the Agreement. Upon completing these payments and satisfying all obligations outlined in the Agreement, Pegasus will have earned a 100% interest in the Jupiter Project. This interest is subject to Resource Bonuses (as defined below) and a Net Smelter Return Royalty in favour of the Vendor. Figure 1: Utah Property Map Exploration Data and Future Plans: Pegasus is committed to advancing its exploration projects and enhancing shareholder value. As part of these efforts, the Company intends to conduct the necessary work to create a resource estimate in accordance with the current CIM Definition Standards on Mineral Resources and Mineral Reserves. The exploration strategy includes twinning historical drill holes, a geological relog of old drill holes, and defining new drill targets. These activities are aimed at both expanding the known resources and discovering new mineralization zones. This integrated approach is expected to refine the geological model of the Jupiter Project and significantly contribute to the understanding and development of the Jupiter Project. Figure 2: Historical Drill Hole Locations Resource Bonus and NSR Royalty : As Pegasus establishes additional uranium resources on the Jupiter Project, the Company will pay the Vendor a Resource Bonus of USD $100,000.00 for every increment of 500,000 lbs of uranium up to 2,500,000 lbs, as discovered on the Jupiter Project. The first Resource Bonus payment will be due within 90 days from the date the initial Resource Calculation exceeding 475,000 pounds of uranium is issued. The vendor will retain the Net Smelter Return (NSR) royalty on the resource. Historical Overview of Uranium Mining in the San Rafael River (Tidwell Bottoms) District: The San Rafael River (Tidwell Bottoms) district, located in the Green River mining area in eastern Emery County, played a pivotal role in the history of uranium and vanadium production. Operating from around 1948 to the mid-1980s, this district emerged as a major U-V producer, ranking among the largest uranium producers in the state. The historical narrative of uranium mining in the Tidwell Mineral Belt, particularly within the district encompassing the Snow and Probe mines, reflects a significant era of mineral exploration and production. These mines, alongside others such as the Black Panther, Incline No. 14, and Sahara, were central to the region's economic development during this period. The district's geological setting proved ideal for sandstone-hosted, trend-type uranium deposits, characterized by their peneconcordant nature and channel-controlled mineralization primarily within the upper sandstone sequence of the Salt Wash Member of the Upper Jurassic Morrison Formation. Atlas Minerals played a pivotal role in the district, operating the Snow and Probe mines until their closure in 1982. The Snow Mine, operated by Atlas Minerals, began production in 1973 and closed in 1982. It produced a substantial 650,292 pounds of U3O8 at an average grade of 0.188% U3O8. The Probe Mines commissioning is not directly mentioned in the source data, but it closed in 1982, yielding 293,985 pounds of U3O8 at an average grade of 0.186% U3O8, according to data compiled by Wilbanks in 1982. The Snow and Probe mines stood out as two of the largest and most productive in the district. Continued exploration drilling in the late 1970s and early 1980s, particularly along the northeast extension of the Snow and Lucky Mines mineralization, led to the discovery of several new mineralized zones and deposits. One notable discovery was the Deep Gold deposit by Pioneer Uravan, which was identified between 1979 and 1981. This period saw the cessation of production with the closure of these two mines, marking the end of significant uranium mining activity in the area. The Tidwell District presents unique challenges with poorly documented historical work. A good example is the Snow Mine's original resource estimates only used surface drilling data, but the actual production exceeded initial estimates by 455% in tons of ore and 281% in pounds of U3O8. This discrepancy between expected and actual yields underscores the challenges faced in uranium mining, as noted by Wilbanks in 1982, and was a common trend for uranium mineralization in the Green River area. In summary, as quoted by Wilbanks (1982), "In the past most orebodies mined in the Green River (Tidwell District) area have ultimately produced more pounds of U3O8 than calculated in original reserves. In relation to the current transaction, Pegasus confirms that no finder's fee will be paid. Furthermore, it is important to note that there are no relationships involving any Non-Arm's Length Party between the Company, its insiders, and the Vendors of the asset. Additionally, no further information is required to be disclosed under MI 61-101 concerning this transaction. This statement ensures transparency and compliance with the necessary regulatory standards. NI 43-101 Disclosure The technical content of this news release has been reviewed and approved by Trevor Mills, P.G., SME-RM who is a Principal Geologist for Dahrouge Geological Consulting USA Ltd., and a Qualified Person under National Instrument 43-101, who has prepared and/or reviewed the content of this press release. The results discussed in this document are historical. Pegasus Resources nor the qualified person have not performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Property's potential and are relevant for any future exploration program. Mineralization on adjacent Properties and may no be indicative of mineralization on Pegasus Resources Inc. Properties References: UTAH MINERAL INDUSTRY ACTIVITY REVIEW 1981-82 - UTAH GEOLOGICAL AND MINERAL SURVEY a division of Utah Department of Natural Resources Circular 72 May 1984 (Atlas Minerals Engineering Department, 1982; Gordon, 1982; Wilbanks, 1982) Gordon, Gail, 1982, Mine Shut Down Report - Probe and North Snow Mines - Date 7-22-82: Atlas Minerals Engineering Department Unpublished Company Report, 69 p -Wilbanks, Larry, 1982, Closure Report - Atlas Minerals Probe and Snow Mines, Emery County, Utah: Atlas Minerals Unpublished Company Report, p. 56-72. About Pegasus Resources Inc. Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on uranium, gold, and base metal properties in North America. The Company is also actively pursuing the right opportunity in other resources to enhance shareholder value. For additional information, please visit the Company at www.pegasusresourcesinc.com . On Behalf of the Board of Directors: Christian Timmins President, CEO and Director Pegasus Resources Inc. 700 - 838 West Hastings Street Vancouver, BC V6C 0A6 PH: 1-403-597-3410 X: https://twitter.com/MrChris_Timmins X : https://twitter.com/pegasusresinc E : info@pegasusresourcesinc.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward Looking Statements Statements included in this announcement, including statements concerning the Company's plans, intentions, and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements." Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. SOURCE Related Documents: Jupiter map 2 July 2024 NR Jupiter Historical map NR July 2024

  • Revive Therapeutics Provides Update From Type C Meeting with FDA for Amended Protocol Agreement of Phase 3 Clinical Study for Bucillamine in the Treatment of COVID-19

    FDA recommends additional revised primary symptom-based endpoints Revive to provide amended statistical analysis plan to support unblinding of the data to potentially provide evidence of efficacy TORONTO, March 08, 2023 (GLOBE NEWSWIRE) -- Revive Therapeutics Ltd. (“Revive” or the “Company”) (OTCQB: RVVTF) (CSE: RVV) (FRANKFURT:31R), a specialty life sciences company focused on the research and development of therapeutics for medical needs and rare disorders, announces today an update on the Type C meeting written responses received by the Company from the U.S. Food & Drug Administration (“FDA”) to obtain agreement on the proposed protocol endpoints for the Company’s Phase 3 Study (the “Study”) (NCT04504734) to evaluate the safety and efficacy of Bucillamine, an oral drug with anti-inflammatory and antiviral properties, in patients with mild to moderate COVID-19. The FDA recommends that the Company’s proposed primary symptom-based endpoints should cover the evaluation of time to sustained recovery assessed over an appropriate duration, evidence of subjects experiencing resolution of COVID-19 related symptoms and the element of sustained symptom resolution. In addition, the FDA requires the Company to provide a revised statistical analysis plan (the “SAP”) that incorporates the FDA recommendations of the proposed primary symptom-based endpoints for the Study and outlines how symptoms are assessed and with what frequency, how improvement will be defined, and how the endpoint will be analyzed. The Company’s proposed secondary endpoints can also be included in the Study to assess the impact of treatment on how a patient feels, functions, or survives. As a result of the FDA responses from the Type C meeting, the Company plans to amend the SAP and Study protocol incorporating the suggestions of the FDA. Once the FDA accepts the revised SAP and Study protocol, the Data Safety Monitoring Board (“DSMB”) will review the Study’s completed blinded Post-Dose selection data of approximately 500 subjects in accordance with the accepted Study protocol. The DSMB may recommend continuing the Study if there is a trend toward achieving statistical significance, halting the Study early due to statistical significance likely not going to be met, or halting the Study early due to positive efficacy showing statistical significance. Depending on the outcome of the DSMB review, the Company could proceed to unblind the data and request a meeting with the FDA to review the data providing evidence of the potential efficacy of Bucillamine for COVID-19 and determine the next steps. The Company may also pursue additional studies with Bucillamine for Long COVID or COVID-related conditions, and various infectious and respiratory disorders should the data from the Study prove worthwhile. The Study’s proposed primary symptom-based endpoints are partly due to the evolving and current state of COVID-19, where many patients with COVID-19 are either asymptomatic or experience mild to moderate illness and could be managed in the outpatient setting. Patients who would have been at increased risk for progression to severe COVID-19 or require hospitalization during the various variant surges are now being managed less aggressively as outpatients, with close follow-up and monitoring for clinical changes. Based on Bucillamine’s proposed mode of action, it is believed that the speed of symptom resolution and reduced viral shedding, if given promptly, could help mitigate the disease burden globally. The Company is not making any express or implied claims that its product has the ability to eliminate or cure COVID-19 (SARS-2 Coronavirus) at this time. About Revive Therapeutics Ltd. Revive is a life sciences company focused on the research and development of therapeutics for infectious diseases and rare disorders, and it is prioritizing drug development efforts to take advantage of several regulatory incentives awarded by the FDA such as Orphan Drug, Fast Track, Breakthrough Therapy and Rare Pediatric Disease designations. Currently, the Company is exploring the use of Bucillamine for the potential treatment of infectious diseases, with an initial focus on severe influenza and COVID-19. With its acquisition of Psilocin Pharma Corp., Revive is advancing the development of Psilocybin-based therapeutics in various diseases and disorders. Revive’s cannabinoid pharmaceutical portfolio focuses on rare inflammatory diseases and the company was granted FDA orphan drug status designation for the use of Cannabidiol (CBD) to treat autoimmune hepatitis (liver disease) and to treat ischemia and reperfusion injury from organ transplantation. For more information, visit www.ReviveThera.com. For more information, please contact: Michael Frank Chief Executive Officer Revive Therapeutics Ltd. Tel: 1 888 901 0036 Email: mfrank@revivethera.com Website: www.revivethera.com Neither the Canadian Securities Exchange nor its Regulation Services Provider has reviewed or accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Revive’s current belief or assumptions as to the outcome and timing of such future events. Forward looking information in this press release includes information with respect to the the Company’s cannabinoids, psychedelics and infectious diseases programs. Forward-looking information is based on reasonable assumptions that have been made by Revive at the date of the information and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information. Given these risks, uncertainties and assumptions, you should not unduly rely on these forward-looking statements. The forward-looking information contained in this press release is made as of the date hereof, and Revive is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking information contained herein. Reference is made to the risk factors disclosed under the heading “Risk Factors” in the Company’s annual MD&A for the fiscal year ended June 30, 2022, which has been filed on SEDAR and is available under the Company’s profile at www.sedar.com. SOURCE

  • Pegasus Reports Historical Utah Data

    VANCOUVER, BC—June 04, 2024 – Pegasus Resources Inc. (TSX-V: PEGA: Frankfurt – 0QS0, OTC/Pink Sheet symbol: SLTFF) (the "Company" or "Pegasus") has retained Dahrouge Geological Consulting USA Ltd. (“Dahrouge”) to complete a preliminary geological model based on detailed geological mapping and sampling completed on the Company’s Energy Sands project (the “Property”) located in Utah in Q1 2024 (see press releases dated Jan. 16, Jan. 30 and Mar 25, 2024). The outcome of the ground program provided a detailed geological map inclusive of lithologies, geological structure, mineralization style and controls, along with confirmation of paleochannel structures controlling the uranium and vanadium mineralization present on the Property. Dahrouge used this collected data in conjunction with the 2015 Utah Geological Survey regional map and stratigraphic column (Doelling et al., 2015) as a reference framework to build a preliminary geological model to support Pegasus’ permitting efforts for the planned upcoming drill program in 2024. The generation of the geological model was a crucial step in understanding the Property’s geology and mineralization. This preliminary geological model was then used as a basis to define drill targets for the planned drill program and support and submittal of a Notice of Intent to the Bureau of Land Management (“BLM”) Price, Utah Field Office. As part of the Notice of Intent submittal, all surface disturbances (access roads, drill pads, etc.) must be defined and presented to the BLM. During the generation of the geological model and a Notice of Intent filing, Pegasus was provided with historical drilling data completed on the Property in 1975. This data was inclusive of a drillhole location map, geological logs, downhole geophysical surveys (presented in counts per minute “CPM”) and interval analytical values for uranium and vanadium from eleven (11) drillholes. Dahrouge completed a data compilation and review of the geological logs and drilling location map to evaluate their consistency to what was observed in the field during the mapping campaign. The drillhole map was then georeferenced based on available data, such as topography and state plain section corner, to determine relative historical drillhole locations (Figure 1). The historical drillholes have been overlain on the preliminary geological model to evaluate consistency of the historical logs to the detailed mapping completed during Q1 2024. During the data compilation, Dahrouge also evaluated how the historical analytical results compared to surface grab and paleochannel mineralization. As previously highlighted in (March 25, 2024, press release), the field samples from the area of historical drilling returned values of 3.55% U3O8 and 5.34% V2O5. The historical data in conjunction with geological and analytical data collected by Dahrouge, does provide direct insight into potential mineralization on the Property. The results outlined in Table 1, do provide guidance to interpreted mineralized paleochannel and will be used to help guide future drilling campaigns. Table 1: Historical Drillhole Information In reviewing the historical drillhole data and geologic interpretations, Dahrouge surmised that the historic drill program was following a trend that was interpreted as paleochannel hosting mineralization. This trend matches the structural measurements and mineralization trend hypothesis from Dahrouge’s recent mapping program, helping us to target possible mineral-hosting paleochannels extending throughout the Property (Figure 1). This historic data provides key geological information and when combined with data collected from surface mapping and sampling, guides the generation of the preliminary geological model and drillhole targeting. Figure 1: Map of interpreted paleochannel that historical drilling targeted Figure 2: ESRS-007 sample outcrop. Figure 3: An annotated picture depicting the sedimentary structures that make up the mineralized paleochannels on the Energy Sands Project. NI 43-101 Disclosure The technical content of this news release has been reviewed and approved by Jacob Anderson, CPG, MAusIMM, who is a Resource Geologist for Dahrouge Geological Consulting USA Ltd., and a Qualified Person under National Instrument 43-101, who has prepared and/or reviewed the content of this press release. The results discussed in this document are historical. Pegasus nor the qualified person have performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Property’s potential and are relevant for any future exploration program. References Doelling, H.H., Kuehne, P.A., Willis, G.C., Ehler, J.B., 2015, Geologic map of the San Rafael desert 30' x 60' quadrangle, Emery and Grand counties, Utah, Utah Department of Natural Resources. About Pegasus Resources Inc. Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on uranium, gold, and base metal properties in North America. The Company is also actively pursuing the right opportunity in other resources to enhance shareholder value. For additional information, please visit the Company at www.pegasusresourcesinc.com. On Behalf of the Board of Directors: Christian Timmins President, CEO and Director Pegasus Resources Inc. 700 – 838 West Hastings Street Vancouver, BC V6C 0A6 PH: 1-403-597-3410 X: https://twitter.com/MrChris_Timmins X: https://twitter.com/pegasusresinc E: info@pegasusresourcesinc.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward Looking Statements Statements included in this announcement, including statements concerning the Company's plans, intentions, and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements." Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. SOURCE

  • Visionstate Reports Q2 Showing Steady Growth

    Edmonton, Alberta – TheNewswire - May 29, 2024 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a leading provider of smart facility management solutions, today announced its financial results for the second quarter ended March 31, 2024. The company’s performance during this period reflects remarkable growth and strategic focus on optimizing operations. Key Highlights: Revenue Surge: Gross revenues for the three months ending March 31, 2024, increased by$96,978, reaching $190,300 or an increase of approximately 100% year over year. Over the six-month period of the first two fiscal quarters for this year, revenues increased by $279,585, totaling$384,652. This growth can be attributed to increased sales volumes and the successful renewal of most prior-year facility licenses. Expense Reduction: Selling, general, and administrative expenses experienced a significant decline. For the three-month period ending March 31, 2024, Company expenses dropped almost in half from$132,822 to $72,708. High Gross Margins: Visionstate’s gross margin percentage remains robust, consistently in the high seventies. This achievement is largely due to the effective management of costs and the strategic distribution partnership which provides Visionstate a commission-based sales structure. Overall Performance: The Company showed a loss of approximately $60,000 during the second fiscal quarter as opposed to a loss of approximately $190,00 for the same quarter in 2023. Wanda Product Expansion: In fiscal year 2023, Visionstate focused on enhancing the capabilities of its flagship product, Wanda. The investment in product development paid off, resulting in expanded market reach. Existing customers have embraced Wanda’s features, and the company successfully penetrated new locations. “Our Q2 results demonstrate the power of innovation and strategic execution,” explained Visionstate IoT Inc. President Shannon Moore.  “We are thrilled by the substantial increase in revenue and the disciplined cost management. Our Wanda product continues to evolve, addressing critical needs in facility management. As we farm existing customer relationships and explore new markets, we remain committed to driving value for our clients.” Visionstate’s sustained growth underscores its commitment to cutting-edge technology and customer satisfaction. The Company’s IoT products, coupled with recurring licensing and software support fees, position it for continued success as sales volumes expand. The Company is developing new applications that compliment Wanda and can be marketed to exiting clients as well. About Visionstate Corp. Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly owned division of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. As an equity partner in Sol Spaces, Visionstate Corp. holds approximately 40% ownership in the company, reaffirming its commitment to driving social impact and sustainable development through its investment portfolio. Issued on behalf of the Board of Directors, “John A. Putters” Visionstate Corp. To learn more, please contact: Visionstate IoT Inc. Shannon Moore, President Email: shannon@visionstate.com Tel: 780-425-9460 CHF Capital Markets Kathy Chapman Email: kc@chfir.com Tel: 416-868-1079 x 234 Twitter: @visionstate Facebook: @visionstate LinkedIn: Visionstate Corp. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws. SOURCE

  • First Nordic Announces Start of 2024 Drilling at Barsele

    May 23, 2024, Vancouver, BC – First Nordic Metals Corp. (the “Company” or “First Nordic”) (TSX.V: FNM, OTC: FNMCF) is pleased to announce the commencement of the 2024 diamond drilling program at the Barsele gold project located in Västerbottens Län, Northern Sweden (“Barsele” or the “Project”). The exploration program is being operated by joint venture partner Agnico Eagle Mines Limited (“Agnico”). First Nordic President and CEO Taj Singh states,“It’s great to see drilling has resumed at the Barsele joint venture (45% First Nordic / 55% Agnico), which we consider a flagship asset in the Company’s Gold Line belt portfolio. In addition to follow-up work to potentially expand the main resource area, it’s exciting to see new targets being drilled for the first time; this demonstrates the highly prospective mineral endowment of the belt. Results from the Company’s surrounding 100%-owned Paubäcken and Storjuktan projects’ exploration programs (geochemical survey and base-of-till drilling) will be finalized shortly and allow us to plan for diamond drilling on these projects in the coming months.” Q2 2024 Diamond Drilling Program The spring 2024 drilling program has been initially planned for 2,100 meters (“m’) of diamond drilling, comprised of an estimated 11 holes. The program is designed to test intrusive hosted orogenic gold and VMS (volcanogenic massive sulphide) mineral system targets identified through systematic geochemical surveys and interpretation of geophysical data. The proposed drill plan will test a shallow conductor target generated by the Titan-24 geophysical survey southwest of the Central-Avan zone of the Barsele deposit. Follow up drilling will also be conducted on the Risberget West (southeast Skiråsen) structural trend to test continuity and extensions of previously intersected gold mineralization. Lastly, maiden drill testing of geochemical, geological, and geophysical targets will occur in the Sjöliden and Bastuträsk areas. See Figure 1 in the Appendix of this release for a satellite view plan map of the planned program. Q1 Work Program Overview From January and April 2024, data analysis and field-specific exploration activities continued at several exploration sites throughout the property. Work completed included geophysical surveys, and analysis of previously collected MEFFA (multi-element fine fraction analysis) samples. The MEFFA sample interpretation utilizes automated pXRF scanning, together with laser ablation and ICP-MS, to define precious / base metal anomalous areas. This work was carried out in preparation for this year’s diamond drilling campaign. About the Barsele Gold Project The Barsele Project is located on the western end of the Proterozoic “Skellefte Trend”, a prolific volcanogenic massive sulphide deposits belt, that intersects with the “Gold Line” in Northern Sweden. Both polymetallic VMS deposits and intrusive hosted orogenic gold deposits are present in this region and on this property. Notable current and past producing mines in the region include Boliden, Kristineberg, Bjorkdal, Svartliden and Storliden. The main gold-bearing system remains open in all directions. The structurally linked gold mineralized lodes occur mainly within a granodiorite host and to a lesser extent, volcanic and sedimentary rocks. Multiple parallel to sub-parallel lodes that vary in width from 10 m to 100 m, combine for a maximum known thickness (including low grade-waste islands) of 425 m. The Avan–Central–Skiråsen zones have a strike length approaching 3.6 kilometres (“km”) and that same northwest trending structural corridor contains localized bodies with gold mineralization over an additional 4.4 km. The drill tested depth of the mineralized system approaches 1.0 km and remains open. Gold is generally associated with arsenopyrite and low base metal content and also occurs as native metal. About First Nordic Metals First Nordic’s flagship is the Barsele gold project, located in Sweden and in a joint venture with senior gold producer Agnico Eagle Mines Ltd. The Barsele project currently hosts a combined open pit and underground NI 43-101 Indicated Resource of 324,000 ounces gold and an Inferred resource of 2,086,000 ounces gold (2020, Technical Report and Mineral Resource Estimate for the Barsele Property, InnovExplo). Immediately surrounding the Barsele project, First Nordic is the 100%-owner of a district-scale license position of close to 100,000 hectares on both the prolific Gold Line and Skellefte VMS belts. Additionally, in northern Finland First Nordic holds the entire underexplored Oijärvi Greenstone Belt. Qualified Persons: Art Freeze, P.Geo. and Benjamin Gelber, P. Geo., are Qualified Persons as defined in NI 43-101 and take responsibility for the technical disclosure contained within this news release. ON BEHALF OF THE BOARD OF DIRECTORS Taj Singh, M.Eng, P.Eng, CPA President & CEO, Director For further information contact: Alicia Ford Business Development Manager Phone: (604) 687-8566 Email: info@fnmetals.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements, including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and First Nordic undertakes no obligation to update such statements, except as required by law. APPENDIX SOURCE

  • Visionstate Partners with Global Leader to Drive AI Innovation for WANDA™ Platform

    AI model will revolutionize facility management Edmonton, Alberta – May 21, 2024 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a leading provider of smart facility management solutions, is thrilled to announce a groundbreaking collaboration with the Alberta Machine Intelligence Institute ( Amii ). This strategic partnership will propel the WANDA platform into the forefront of machine learning (ML) innovation. The science of ML is advancing at an unprecedented pace. Amii, a global leader in machine intelligence, brings unparalleled expertise to the table. The working relationship will embark on a involve a project validation and product development process which will solidify Visionstate’s on going leadership in providing cutting-edge software to the facility management sector. Visionstate has identified key areas of its software platform to leverage artificial intelligence to significantly improve operational efficiencies such as schedule and resource optimization. In working with Amii, Visionstate will utilize the expertise of a world leader in ML to execute on the Company’s AI strategy. “We are very excited about working with Amii,” explained Visionstate IoT President Shannon Moore. “The impact of artificial intelligence will continue to reverberate throughout our lives and the way we do business. For Visionstate, this is a pivotal development as we continue to explore and execute on opportunities to introduce ML in a practical manner.” The project validation process will dive deeply into the specifics of the ML project. It will ensure Visionstate’s initiative is well-defined, validated and ready for model development. “Project validation de-risks our journey and lays the groundwork for a successful implementation,” Moore explained. Market Size and Wide Applicability of AI in Facility Management The adoption of AI in facility management is not only a strategic move but also a necessity in today’s dynamic business landscape. The global market for AI-driven facility management solutions is poised for substantial growth. As businesses recognize the value of AI in optimizing schedules, resources, and operations, the market size continues to expand. AI models for schedule and resource optimization enable businesses to deploy the right resources at the right time. Whether managing staff shifts, allocating machinery, or optimizing supply chains, AI brings speed, flexibility, and intelligence to bear on complex problems. The impact of AI in facility management also spans many industries , including healthcare, transportation, finance, retail, manufacturing, education, entertainment, agriculture, and more. By optimizing schedules, resource allocation, and operations, AI unlocks new levels of efficiency. In terms of business value , AI adoption translates into cost savings, improved service delivery, and enhanced competitiveness. The global market potential for AI-driven facility management solutions is substantial, with estimates reaching billions of dollars . “Visionstate has a very clear path forward when it comes to AI and ML technology,” Moore explained. “This project meets all of our requirements, including, IP ownership, the fact we are working with one of the leading ML institutes in the world, and the significant revenue potential this product will provide for our WANDA platform.” As part of the Pan-Canadian AI Strategy, Amii’s threefold mission aligns perfectly with Visionstate’s vision: Advancing Research: Amii pushes the frontiers of machine-intelligence research, exploring novel algorithms, techniques, and applications. Applied Solutions: Their ability to translate scientific breakthroughs into practical business solutions is unmatched. Talent Incubation: Amii accelerates the development of skilled professionals, bridging the gap between academia and industry. The validation process is expected to take approximately six weeks and will be followed by development of the ML model to be integrated with Visionstate’s facility management software. About Visionstate Corp. Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly owned division of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. As an equity partner in Sol Spaces, Visionstate Corp. holds approximately 40% ownership in the company, reaffirming its commitment to driving social impact and sustainable development through its investment portfolio. Issued on behalf of the Board of Directors, “John A. Putters” Visionstate Corp. To learn more, please contact: Visionstate IoT Inc. Shannon Moore, President Email: shannon@visionstate.com Tel: 780-425-9460 CHF Capital Markets Kathy Chapman Email: kc@chfir.com Tel: 416-868-1079 x 234 Twitter: @visionstate Facebook: @visionstate LinkedIn: Visionstate Corp. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws. SOURCE

  • VIP Entertainment Technologies Inc. Signs an Agreement to Acquire Item.Bet Corporation (Item.Bet), Accelerating Innovation in Esports and Blockchain Technology

    Calgary, May 9, 2024 – TheNewswire – VIP Entertainment Technologies Inc.(TSXV: VIP OTC:VETIF) ("VIP" or the "Company") is thrilled to announce the signing of a strategic agreement to acquire a majority stake in Item.Bet Corporation, a pioneering provider of proprietary software tailored for the dynamic esports demographic aged 18-35. This strategic move underscores VIP's commitment to innovation and diversification within the entertainment industry. Under the terms of the agreement, VIP will acquire 52% of the issued equity of Item.Bet at an acquisition cost price of $301,600, payable in cash installments over 12 months following the closing of the proposed transaction. Item.Bet Corporation is a British Virgin Islands based company. Item.Bet's proprietary software represents a paradigm shift in the utilization of virtual tokens and blockchain technology. This acquisition positions VIP at the forefront of innovation, enabling the Company to capitalize on the growing demand for immersive gaming experiences. VIP's strategic partnership with Item.bet will not only provide access to advanced software solutions but also pave the way for the development of proprietary games. These games will encompass both Business-to-Consumer (B2C) and Business-to-Business (B2B) models, as well as Peer-to-Peer (P2P) games. The addition of Item.Bet's technology will enable VIP to offer unparalleled opportunities for customers to utilize tokens to participate, while also pioneering the development of immersive games. This strategic initiative is expected to attract a new wave of customers. It is expected that Robert Wein, the CEO of Item.Bet, and Dianne Prupas, CLO of Item.Bet, will work closely with VIP to expedite the introduction of new platforms and games to VIP. Completion of the acquisition of Item.bet is subject to regulatory approvals, including from the TSX Venture Exchange. The proposed transaction will not constitute a fundamental change for the company, nor will it result in a change in control of the company. The transaction is an arm’s-length transaction. "The strategic partnership between Item.Bet and VIP marks a significant milestone as we pursue our vision of leading the way in the virtual gaming industry.” – Robert Wein, CEO of Item.Bet "We are excited to embark on this transformative journey with Item.Bet" remarked Randy Jennings, CEO of VIP Entertainment Technologies Inc. "This strategic acquisition underscores our commitment to driving innovation and delivering exceptional value to our customers. With Item.Bet's cutting-edge technology, we are well-positioned to capitalize on the growing demand for immersive gaming experiences in the esports industry." About VIP Entertainment Technologies Inc. VIP Entertainment Technologies Inc. (TSXV: VIP) is a leading provider of innovative entertainment solutions, dedicated to delivering unparalleled experiences to customers worldwide. With a focus on leveraging emerging technologies and trends, VIP is committed to shaping the future of the entertainment industry. For media inquiries, please contact: Randy Jennings 14038999319 randy@vipentertaingroup.com Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that VIP anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking statements are based on assumptions, including expectations and assumptions concerning the Company’s growth plan. While VIP considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; future legislative, tax and regulatory developments. Readers are cautioned that the foregoing list is not exhaustive and other risks set out in public disclosure recorded and filed under the Company’s profile on www.sedar.com. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. For more information on the risk, uncertainties and assumptions that could cause anticipated opportunities and actual results to differ materially, please refer to the public filings of VIP which are available on SEDAR at www.sedar.com. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. VIP disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. SOURCE

  • VIP Entertainment Technologies Inc. Secures Second White Label Contract with First Nations Band in Alberta

    Calgary, Alberta – TheNewswire - April 26, 2024 - VIP Entertainment Technologies Inc. (TSXV:VIP), (OTC:VETIF)  (“VIP” or the “Company”), a leading player in the iGaming industry, is proud to announce the signing of a second white label contract with a prominent First Nations band in Alberta. This partnership marks a significant step forward in the Company’s commitment to providing top-notch gaming solutions tailored to diverse communities. Under this agreement, VIP will deliver a customized iGaming platform that reflects the unique cultural identity and preferences of the First Nations band. By leveraging cutting-edge technology and a deep understanding of the gaming landscape, VIP aims to create a seamless and engaging gaming experience for players while fostering economic growth and opportunities within the community. "We are thrilled to expand our white label services to include this esteemed First Nations band in Alberta," said Randy Jennings, CEO of VIP. "This partnership underscores our dedication to diversity and inclusion in the iGaming sector, and we look forward to delivering an exceptional gaming platform that resonates with players and reflects the rich heritage of our partners." VIP Partners with The Festival Series for Exciting Sponsorship in Malta In another exciting development, VIP has forged a strategic partnership and sponsorship agreement with The Festival Series, a premier poker event set to take place in Malta from September 9th to 15th, 2024. This collaboration underscores the Company’s commitment to supporting and elevating the global poker community. As a key sponsor of The Festival Series, VIP will provide exclusive benefits to players, including VIP access to events, travel accommodations, and more. This partnership not only strengthens the Company’s presence in the international gaming scene but also highlights its dedication to delivering unparalleled experiences to players worldwide. "We are delighted to join forces with The Festival Series and contribute to the success of this prestigious event," commented Randy Jennings. "Our sponsorship reflects our passion for poker and our commitment to fostering a vibrant and dynamic gaming ecosystem. We look forward to welcoming players to Malta for an unforgettable poker extravaganza." Shim and Associates Resigns as Auditor of VIP Finally, VIP announces the resignation of Shim and Associates LLP (“Shim”) as its auditor.   Shim resigned on their own initiative and advised that its resignation is a business decision.  The resignation of Shim is not related to “reportable events”, “disagreements” or “unresolved issues” (as those terms are defined in National Instrument 51-102 - “Continuous Disclosure Obligations”) in connection with the change of auditor.  VIP expresses gratitude for Shim’s contributions and wishes them continued success in their endeavors.  The Company is expecting to engage a successor auditor very soon. For further information please visit www.vipentertaingroup.com or contact: Randy Jennings CEO randy@vipentertaingroup.com 403-899-9319 About VIP Entertainment Technologies Inc.: VIP is a leading provider of iGaming solutions, offering a wide range of casino games, sports betting options, and poker tournaments. With a focus on innovation and customer satisfaction, VIP aims to deliver exceptional gaming experiences to players globally. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that VIP anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking statements are based on assumptions, including expectations and assumptions concerning the Company’s growth plan. While VIP considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; future legislative, tax and regulatory developments. Readers are cautioned that the foregoing list is not exhaustive and other risks set out in public disclosure recorded and filed under the Company’s profile on www.sedar.com. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. For more information on the risk, uncertainties and assumptions that could cause anticipated opportunities and actual results to differ materially, please refer to the public filings of VIP which are available on SEDAR at www.sedar.com. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. VIP disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. SOURCE

  • Departures Capital: Is The NEW Gold Bull Market Here? Big Updates From Golden Goliath w/ CEO Paul Sorbara (TSXV:GNG)

    Golden Goliath Resources Ltd. is has recently acquired and is in preparation to explore four rare earth element (REE) properties in Quebec. In addition to the Ernest prospect that was acquired by option during the winter, Golden acquired by staking Victory 21, Bedard, and Citadelle all with promising geology and anomalous Rare Earth Element values in lake sediments and limited rock sampling. All four properties are within 50 km of the Manicouagan impact crater which may have some relation to the anomalous Rare Earth Element values. Along with highly prospective metamorphic and igneous complexes, our Manicouagan project has excellent infrastructure with hydro power facilities and access with highway 389 splitting the properties and secondary access provided by recent forestry activities. The anomalous values are from lake sediment sampling and limited rock sampling conducted by the Ministère des Ressources naturelles et des Forêts. The properties cover areas with anomalous values in key REEs; Cerium, Lantanum, Neodymium, Praseodymium, Vanadium, and Rubidium. Many of the other REEs show elevated values. Golden Goliath is planning feet on the ground exploration July and August 2023 to determine best options for a comprehensive exploration program. Read more https://goldengoliath.com/. SOURCE

  • Revive Therapeutics Announces Type C Meeting Request Granted by FDA for Clinical Study of Bucillamine to Treat Long COVID

    TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Revive Therapeutics Ltd. (“Revive” or the “Company”) (OTCQB: RVVTF) (CSE: RVV) (FRANKFURT:31R), a specialty life sciences company focused on the research and development of therapeutics and diagnostics for infectious diseases, medical countermeasures, and rare disorders, announced today that the U.S. Food & Drug Administration (“FDA”) has granted the Company’s Type C meeting request for the evaluation of a proposed clinical study of Bucillamine, an oral thiol-based drug with anti-inflammatory and antiviral properties, as a potential treatment for long COVID. The meeting date assigned by the FDA is June 9, 2024. The CDC estimates that 7.5 percent of U.S. adults have long COVID symptoms1. David Cutler, PhD, a professor of economics at Harvard University, estimates in a recent research disclosure that the total economic cost of long COVID could be as much as $3.7 trillion2. Currently, the Company is exploring the use of Bucillamine as a potential treatment for long COVID. The Company is advancing the clinical development of Bucillamine by leveraging the published research and data from its previous Phase 3 clinical trial (the “Study”) and is finalizing the regulatory and clinical package that includes a proposed clinical study for long COVID to present to the FDA. On July 6, 2023, the Company announced the results of its Study evaluating the safety and efficacy of oral Bucillamine in patients with mild to moderate COVID-19. Under the Study’s primary endpoint, the proportion of patients meeting a composite endpoint of hospitalization or death from time of first dose through Day 28 following randomization, there were no deaths and four hospitalizations, of which three were from the placebo arm and one from the Bucillamine low dose group (300mg/day). No hospitalizations occurred in the Bucillamine large dose group (600mg/day). The Company evaluated certain Study endpoints, including the COVID-19 clinical symptoms data (i.e. cough, fever, heart rate, and oxygen saturation). Based on preliminary analyses, the data demonstrated that for patients with oxygen saturation <96% at baseline, Bucillamine had a 29.1% improvement over placebo in time to normal oxygen saturation (SpO2). Additional analyses of the Study data may suggest Bucillamine’s potential for long COVID. A study titled “Thiol-based drugs decrease binding of SARS-CoV-2 spike protein to its receptor and inhibit SARS-CoV-2 cell entry” showed that thiol-based drugs, like Bucillamine, decrease the binding of SARS-CoV-2 spike protein to its receptor, decrease the entry efficiency of SARS-CoV-2 spike pseudotyped virus, and inhibit SARS-CoV-2 live virus infection. These findings uncovered a vulnerability of SARS-CoV-2 to thiol-based drugs and provided a rationale to test thiol-based drugs such as Bucillamine as novel treatments for COVID-19. About Revive Therapeutics Ltd. Revive Therapeutics is a life sciences company focused on the research and development of therapeutics and diagnostics for infectious diseases, medical countermeasures, and rare disorders. Revive prioritizes its drug development efforts to take advantage of several regulatory incentives awarded by the FDA, such as Emergency Use Authorization, Orphan Drug, Fast Track, and Breakthrough Therapy designations. Currently, the Company is exploring the use of Bucillamine for the potential treatment of nerve agent exposure and long COVID. Revive is also advancing the development of Psilocybin-based therapeutics through various programs. For more information, visit www.ReviveThera.com. For more information, please contact: Michael Frank Chief Executive Officer Revive Therapeutics Ltd. Tel: 1-888-901-0036 Email: mfrank@revivethera.com Website: www.revivethera.com Neither the Canadian Securities Exchange nor its Regulation Services Provider has reviewed or accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words “may”, “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Revive’s current belief or assumptions as to the outcome and timing of such future events. Forward looking information in this press release includes information with respect to the Company’s cannabinoids, psychedelics and infectious diseases programs. Forward-looking information is based on reasonable assumptions that have been made by Revive at the date of the information and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information. Given these risks, uncertainties and assumptions, you should not unduly rely on these forward-looking statements. The forward-looking information contained in this press release is made as of the date hereof, and Revive is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking information contained herein. Reference is made to the risk factors disclosed under the heading “Risk Factors” in the Company's management's discussion and analysis for the three and six months ended December 31, 2023 ("MD&A"), dated February 25, 2024, which is available on the Company's profile at www.sedarplus.ca. Sources: “Nearly One in Five American Adults Who Have Had COVID-19 Still Have “Long COVID,” CDC, June 6, 2022, https://www.cdc.gov/nchs/pressroom/nchs_press_releases/2022/20220622.htm “The Economic Cost of Long COVID: An Update,” David M. Cutler, Harvard University, July 22, 2022, https://scholar.harvard.edu/files/cutler/files/long_covid_update_7-22.pdf SOURCE

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