NA Proactive news snapshot: ElectraMeccanica, AIM ImmunoTech, Energy Fuels, Tectonic Metals, American Rebel, Biocept UPDATE…

NA Proactive news snapshot: ElectraMeccanica, AIM ImmunoTech, Energy Fuels, Tectonic Metals, American Rebel, Biocept UPDATE…

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ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) announced Tuesday that it has named Arizona and Tennessee as the two finalist states to house its future US assembly facility and engineering technical center. The maker of the three-wheeled SOLO electric vehicle has selected two possible sites in the Phoenix metro area and Nashville region, respectively. The company has been working with BDO Corporate Real Estate to find a location since February, and the company expects to come to a final decision at the end of November after conducting final site and proposal reviews. AIM ImmunoTech Inc (NYSEAMERICAN:AIM) said Tuesday it had received Institutional Review Board (IRB) approval to widen the clinical trial for its drug candidate Ampligen to people suffering from long-term effects of the coronavirus (COVID-19). The group, known as COVID-19 ‘long haulers’ because they continue to show chronic fatigue-like symptoms for months after officially recovering from their initial illness, will be included in the clinical trial for Myalgic Encephalomyelitis/Chronic Fatigue Syndrome (ME/CFS). Up to 20 of the 100 active participants can be long haulers, according to the new trial protocol amendment, Florida-based AIM told investors. The firm is now preparing the IRB-approved protocol for submission to the US Food and Drug Administration. Analysts at Water Tower Research said that Gevo Inc (NASDAQ:GEVO) (FRA:ZGV3) has secured a series of off-take agreements that now total 49 MGPY, which is a “critical milestone,” that puts GEVO in the position to need plants that will require key project financing to construct. In April this year, Colorado-based Gevo hired investment giant Citigroup Inc (NYSE:C) to lead the process to procure the capital needed to build up to three production facilities. Gevo estimates the project capital cost would be around $700 million, including $200 million of equity and $500 million of debt. “The key takeaway of this is that If Gevo can secure financing, it should be able to move ahead with plant construction. Then the delivery of product and hence revenue, keeping in mind the construction and delivery will take up to two years,” said Shawn Severson, head of ClimateTech & ESG Research at Water Tower. Energy Fuels Inc (NYSEAMERICA:UUUU) (TSE:EFR) announced a significant milestone on Tuesday as the company revealed it is now debt-free. In a statement, the leading uranium producer in the US said that it had retired its remaining C$10.43 million of floating rate convertible unsecured subordinated debentures, the last of its debt."While many uranium and other natural resource companies have significant debt burdens, Energy Fuels is proud to announce that today we became debt free," CEO Mark Chalmers told shareholders. Tectonic Metals Inc (CVE:TECT) (OTCQB:TETOF) has issued the final results from its 3,020 metre (m) rotary air blast (RAB) drill campaign at its Tibbs gold project in Alaska, which has increased the potential of both the Michigan and Lower Trench targets at the property. The firm reckons both Lower Trench and Wolverine represent structural blocks which were initially connected to the Michigan zone, where 2019 and 2020 drilling hit gold in every hole, including highlights such as 6.71 grams per ton (g/t) gold over 9.14m, it said. The latest results from Lower Trench include a highlight of 10.78 g/t gold over 3.05m within a broader interval of 4.50 g/t of the yellow metal over 7.62m. The geology where the gold was found was identical to the Michigan Zone, the firm noted. American Rebel Holdings Inc (OTCQB:AREB) on Tuesday said projects worth more than $60,000 in potential business were generated at CannaCon South held late last month at the Cox Convention Center in Oklahoma City. American Rebel partnered with Lock It Up Safe Company for the convention, which was well attended on September 28-29. "We sold over $15,000 worth of product right on the convention center floor," said American Rebel National Sales Manager Brett Lafferty in a statement. "And we have a long list of dispensary operators, growers, and processors interested in our customized Inventory Control solutions. Our experience at this convention validates the vast opportunity that exists for Inventory Control Safes and Vault Doors and American Rebel's positioning as a leader in the industry," Lafferty added. Medical cannabis was legalized in mid-2018 in Oklahoma.  Biocept Inc (NASDAQ:BIOC) announced Tuesday that it has received more than 50,000 COVID-19 specimens to date for processing through its RT-PCR technology at its San Diego lab. "We have continued to gain momentum in testing COVID-19 specimens while maintaining a standard of providing the vast majority of COVID-19 test results to our healthcare provider customers within 48 hours of receiving a sample," said CEO Michael Nall in a statement. "I am proud of our team for working hard to scale our business in a short time to handle this rapidly increasing volume." FansUnite Entertainment Inc (CSE:FANS) (OTCMKTS:FUNFF), a technology company providing leading online gaming solutions, announced Tuesday its latest partnership with online sports betting firm Pinnacle Solutions. FansUnite said the partnership will incorporate Pinnacle's new esports data and odds feed into its Chameleon Gaming Platform -- part of its strategic plan to collaborate with the best data providers for its esports betting offering. Pinnacle also has a partnership with GRID Esports that provides access to GRID's contracts with esports leagues and tournaments, making it the best data source for many major esports events, FansUnite added.  American Manganese Inc (CVE:AMY) (OTCMKT:AMYZF) has reported a further positive development for its battery recycling pilot project, saying the plant had now achieved 92% extraction of lithium, nickel, and cobalt from cathode scrap material. The firm's technology recycles lithium-ion batteries with its RecycLiCo patented process to produce cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at high purity, which can then be put back into the battery making process. The 92% extraction rate was achieved by the group's research partner Kemetco Research using continuous operation of the RecycLiCo leach stage, the company added. Bragg Gaming Group Inc (CVE:BRAG) (OTCMKTS:BRGGF) said Tuesday that its subsidiary ORYX Gaming is bringing on games studio Peter & Sons as an exclusive RGS content provider. Peter & Sons, an emerging development studio, produces innovative games such as the circus-themed D’Cirque, which went live on ORYX in August and targets a wide range of casino players. More titles will roll out in October and November on the ORYX RGS platform, including games like Sherriff Colt and Punch Club. Empower Clinics Inc (OTCMKTS:EPWCF) (CSE:CBDT) revealed on Tuesday that through its wholly-owned subsidiary Empower Healthcare Assets Inc, it has completed the acquisition of Dallas, Texas-based Kai Medical Laboratory LLC from KTM5 Holdings LLC, NULV11 LLC and Consistent Investment Group LLC. According to the terms of the deal, Empower has agreed to take on short and long-term liabilities amounting to US$1,971,857. In addition, it will issue 1,000,000 company stock options to the owners. Benchmark Metals Inc (CVE:BNCH) (OTCQX:BNCHF) reported more encouraging results from the Cliff Creek zone at its flagship Lawyers gold and silver project in British Columbia, showing the mineralization remains strong and open at depth. So far, 60,000 metres (m) of drilling has been completed of a planned program of up to 100,000m this year and strong grades have been encountered from surface to a vertical depth of over 300m. Latest assays include 30.63m of 2.05 grams per tonne (g/t) gold and 107.07 g/t silver or 3.39 g/t gold equivalent in one hole, and 45.86m of 1.17 g/t gold and 30.06 g/t silver in another. Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTFF), which operates the largest global cannabis e-commerce platform, revealed that it was expanding its Cannabis 2.0 offerings with a new butane hash oil (BHO) live resin product line to be sold under the Phyto Extractions brand. In addition, Namaste said its subsidiary CannMart Inc, has struck an exclusive agreement with licensed producer and processor Stigma Grow, to distribute shatter, crumble, and live resins through its B2B channel and its business-to-consumer online medical channel. "This agreement with CannMart is in perfect alignment with our promise to Canadians and builds on the momentum that we have already seen in the provinces where our products are currently sold. We're excited to bring our unique live resin, full-spectrum BHO products to as many stores across Canada as possible," said Stigma Grow CEO Travis McIntyre. KULR Technology Group Inc (OTCQB:KULR) announced Tuesday it is partnering with Airbus Defense and Space to provide KULR’s passive propagation resistant (PPR) battery design solutions for ongoing research into lithium-ion battery testing and safety for flight applications. The electrical engineers at parent Airbus SE (OTCMKTS:EADSY) do research and develop safe battery solutions for defense, space, helicopter, and aircraft applications, KULR noted. ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) announced Tuesday that it has named Arizona and Tennessee as the two finalist states to house its future US assembly facility and engineering technical center. The maker of the three-wheeled SOLO electric vehicle has selected two possible sites in the Phoenix metro area and Nashville region, respectively. Killi Ltd (CVE:MYID) (OTCMKTS:MYIDF) has launched a new site to help consumers calculate the value of their personal data, it said Tuesday. UaretheProduct.io allows users to understand the value of their data based on the apps and platforms that they use, totaling the annual value based on the most-used platforms: Google, Facebook, Twitter, SNAP, Amazon, Netflix, YouTube, and Pinterest. Atlas Engineered Products Ltd (CVE:AEP) (OTC:APEUF) told investors it had delivered its first pre-manufactured wall panels to a 'significant' office development project south of Nanaimo in British Columbia and that it was on its way to becoming the lead supplier of the building materials on Vancouver Island. Use of such panels speeds up the construction timeline compared to traditional stick framing because fewer hands are involved, which provides significant time gains for clients, explained Hadi Abassi, the firm's founder and executive vice-president of strategic business development. True Leaf Brands Inc (CSE:MJ) (OTCPINK:TRLFF) provided an update Monday on the company’s ongoing restructuring process after the stay on the proceedings expired on Friday. The company and subsidiaries True Leaf Cannabis Inc (TLC) and True Leaf Investments Corp (TLI) had each previously filed a proposal with a creditor with the Office of Superintendent in Bankruptcy. True Leaf's proposal was filed on October 1, TLC's was filed on September 23 and TLI's was filed on October 2, the company said. The proposals will be presented to each of the companies' respective creditors for approval, in accordance with the Bankruptcy and Insolvency Act. The plan is for a firm called Canguard Mortgage Investment Corporation and related entities to acquire the assets and shares of the True Leaf companies so they can emerge from their respective proceedings. True Leaf, Canguard and others signed a term sheet on September 11, the company said. International Montoro Inc. (CVE:IMT) said the TSX Venture Exchange has accepted for filing the Blackfly gold property option agreement dated August 21, 2020, between the company and vendors Donald Devereaux, Karl Bjorkman and Kenneth Fenwick, whereby the company has acquired a 100% interest in and to 64 unpatented mining claims located in the Blackfly gold property, located near Atikokan, Ontario. The consideration staged over a four-year period, is $65,000 cash, 500,000 common shares, 500,000 common share purchase warrants, each exercisable into one common share for a two-year period at a price of 12 cents per share, and $153,600 of work expenditures. The vendors retain a 2% net smelter return royalty, of which the company may repurchase one-half, or 1%, for $1.2 million cash. An advance royalty of $10,000 cash is due annually from August 4, 2024, until August 4, 2027. Michael Gentile has filed an early warning report announcing the acquisition of 1,500,000 common shares in the capital of Group Eleven Resources Corp. (CVE:ZNG). Following completion of the acquisition, Gentile now beneficially owns and controls, an aggregate of 11,765,333 shares and 5,000,000 warrants, representing approximately 10.29% of Group Eleven's issued and outstanding shares an undiluted basis and approximately 14.04% on a partially diluted basis. Gentile said the shares were acquired for investment purposes. He has a long-term view of the investment and may acquire additional securities of Group Eleven either on the open market or through private acquisitions or sell the shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. The Valens Company Inc. (TSX:VLNS) (OTCQX:VLNCF), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, has announced that it will issue its third-quarter 2020 financial results, for the period ended August 31, 2020, on Wednesday, October 14, 2020, after markets close. The company said it will host a conference call the following day, Thursday, October 15, 2020, at 11.00am Eastern Time / 8.00am Pacific Time to discuss the financial results and business outlook. Tyler Robson, Valens' chief executive officer, Chris Buysen, chief financial officer, Jeff Fallows, president, and Everett Knight, executive vice president of Corporate Development and Capital Markets, will be conducting a question and answer session following the prepared remarks. Participant Dial-In Numbers: Toll-Free:  1-877-407-0792; Toll / International:  1-201-689-8263; Participants should request The Valens Company Earnings Call or provide confirmation code 13710892. The call will be available via webcast on the investor page of the company website at https://thevalenscompany.com/investors/. A replay of the call will be available on the Valens investor page approximately two hours after the conference call has ended. Genprex, Inc. (NASDAQ:GNPX), a clinical-stage gene therapy company developing potentially life-changing technologies for patients with cancer and diabetes, announced that it will be presenting at the Alliance for Regenerative Medicine’s (ARM) virtual Cell and Gene Meeting on the Mesa, taking place October 12-16, 2020. Michael Redman, Genprex's executive vice president and chief operating officer will lead the company’s presentation. The 2020 Cell and Gene Meeting on the Mesa will be delivered in a virtual format over the course of five days where attendees will be able to watch company presentations on-demand, in addition to two live-streaming panels each day. It is the sector’s foremost annual conference, bringing together senior executives and top decision-makers in the industry to advance cutting-edge research into cures. Gevo, Inc. (NASDAQ:GEVO) has announced that Dr Patrick Gruber, its chief executive officer, will participate in Water Tower Research Fireside Chat Series to discuss Project Finance and Gevo’s Growth Strategy on Thursday, October 8, 2020 at 12:00 pm EDT. Registration Link: https://globalmeet.webcasts.com/starthere.jsp?ei=1383270&tp_key=94c73bb980. Please note that registration for the live event is limited but may be accessed at any time for replay after the presentation ends on October 8, 2020, utilizing the same registration link. Water Tower Research has issued a note on Gevo Inc. (NASDAQ:GEVO) following news the firm has secured a series of off-take agreements that now totals 49 MGPY. It said this is a critical milestone that puts Gevo in the position to need plants, and those plants will require capital to construct. The full note can be viewed here: https://wp-wtr-2020.s3.eu-west-2.amazonaws.com/media/2020/10/06014905/GEVO_Mgmt.Series_Project_Finance-10.5.20.pdf Water Tower Research has issued two further notes on Capstone Turbine Inc. (NASDAQ:CPST) following its initiation coverage of the company last week. One note looks at the company in relation to the hydrogen economy, which has gained substantial momentum over the past 12 months. To date, it says Capstone has shown it can run on a 20% hydrogen mix, but recently the group announced a new Research & Development partnership with Argonne National Laboratory and ran a 70% hydrogen - 30% natural gas blend. Shawn Severson, head of ClimateTech & ESG Research at Water Tower comments: "This is a promising milestone leading 100% hydrogen. The real value sits in the broader context of fuel flexibility and providing a customer with options." The note can be accessed via the following link: https://wp-wtr-2020.s3.eu-west-2.amazonaws.com/media/2020/10/06014903/CPST_Mgmt_Series_Hydrogen_10.5.20.pdf. The other note assesses Capstone's recent 2Q20 results and debt adjustment agreement, and can be accessed via the following link: https://wp-wtr-2020.s3.eu-west-2.amazonaws.com/media/2020/10/06014907/CPST_Update_Note_10.5.20.pdf

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