Breaks Categories: News

WednesdayMay 09, 2018 11:53 am

NetworkNewsBreaks – QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) Disseminates Historical Assay Results for Irgon Project

QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) this morning disseminated the historical assay results reported by the Lithium Corporation of Canada (“LCOC”) related to the company’s Irgon Lithium Mine Project. These historical assays were obtained during LCOC’s 1956 channel sampling of the Irgon Dike, which exposed underground crosscuts on the 200-foot level. Among the highlights from these results, LCOC reported 2.3 percent Li2O over 7.3 feet at crosscut No. 4 East. Importantly, these results demonstrate that, to date, exploration and underground development has only been undertaken on the upper and central portions of the dike, leaving significant…

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WednesdayMay 09, 2018 11:30 am

NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Enters MOU with Lanxess Corporation

Lithium-focused mining company Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this morning announced its entry into a Memorandum of Understanding with global specialty chemicals company Lanxess Corporation and its U.S. affiliate, Great Lakes Chemical Corporation. Per the update, the purpose of this MOU is to test and prove the commercial viability of extraction of lithium from brine that is produced as part of Lanxess’s bromine extraction business at its three Southern Arkansas facilities. “We are delighted to be entering into a cooperation with Lanxess, a highly-respected world leader in the specialty chemical sector,” Robert Mintak, CEO of Standard…

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WednesdayMay 09, 2018 11:04 am

NetworkNewsBreaks – AnalytixInsight Inc. (TSX.V: ALY) (OTCQB: ATIXF) Joins Israeli Fintech Hub ‘The Floor’

Artificial intelligence company AnalytixInsight Inc. (TSX.V: ALY) (OTCQB: ATIXF) this morning announced that it has joined ‘The Floor’, a global fintech innovation center based in Tel Aviv, Israel. As a member, AnalytixInsight have access to the unique community of partners and industry innovators within the financial services market, further strengthening its strategic offerings with global fintech leaders. “Being a member of The Floor allows us to showcase our offerings and expertise to those who are revolutionizing the industry, and positions us within the ecosystem of thought leaders in technology innovation,” Prakash Hariharan, president and CEO of AnalytixInsight, stated in the…

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WednesdayMay 09, 2018 10:19 am

NetworkNewsBreaks – Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) Completes Kairos Metals Corp. Spin Out

Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) this morning announced its successful completion of the previously announced “spin out” transaction of its Kairos Metals Corp. subsidiary into a standalone company owning the copper/gold/silver property portfolio previously held by Lithium Chile. “We are pleased with the closing of this transaction,” Steve Cochrane, president and CEO of Lithium Chile, stated in the news release. “It creates two distinct resource companies that can now focus their energies and resources on developing their respective assets for the benefit of Lithium Chile shareholders.” Per the update, shareholders of Lithium Chile each received one common share…

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WednesdayMay 09, 2018 9:47 am

NetworkNewsBreaks – Global Hemp Group, Inc. (CSE: GHG) (FRA: GHG) (OTC: GBHPF) and Marijuana Company of America, Inc. (MCOA) Form Cultivation-Focused JV

British Columbia-based hemp cultivation company Global Hemp Group (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) this morning announced its entry into a joint venture with Marijuana Company of America, Inc. (OTC: MCOA) related to the cultivation of legal, high-yielding CBD from industrial hemp at its newly acquired 109-acre farm in Scio, Oregon. Per the update, the two companies will jointly invest a total of $1.2 million in the development of the project in 2018, with funding being completed on a 50/50 basis. “We are really proud of the hard work our partners have put into this project, as we continue to…

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WednesdayMay 09, 2018 9:20 am

NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Exercises C$17.3M Over-Allotment Option Following IPO

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) this morning announced that it has issued an additional 4,726,500 units at C$3.65 per over-allotment unit, raising additional aggregate gross proceeds of C$17,251,725. After taking into account this over-allotment option, TGOD will have raised aggregate proceeds of more than C$132.2 million through its recently completed IPO by issuing an aggregate of 36,236,500 units of the company. “We are extremely pleased with the markets’ support of our IPO, which is the largest to date on the TSX in the cannabis space,” Robert Anderson, co-chairman and CEO of TGOD,…

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WednesdayMay 09, 2018 8:30 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Agrees to Merge Eye-Net™ Activities with Tamda Ltd.

Automotive industry innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has signed a merger agreement with Tamda Ltd. (TASE: TMDA) and its controlling shareholder, Ipax Issues Ltd. Per the terms of the agreement, Foresight intends to spin off its activities related to the development of its Eye-Net™ accident prevention system into its wholly owned subsidiary before merging that subsidiary into Tamda. Upon closing of the transaction, Foresight will transfer 100 percent of the share capital of its subsidiary to Tamda in return for approximately 74.49 percent of Tamda’s share capital as of the closing…

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TuesdayMay 08, 2018 4:18 pm

NetworkNewsBreaks – Maxtech Ventures Inc. (CSE: MVT) (OTC: MTEHF) (FRA: M1N) Subsidiary Files for Exploration Licenses in Zambia

Maxtech Ventures Inc. (CSE: MVT) (OTC: MTEHF) (FRANKFURT: M1N), through its Maxtech Mining Zambia Limited subsidiary, this morning announced its filing for two large-scale exploration licenses in the Central Province of Zambia. Per the update, the two specific license areas related to this filing have shown the potential for high-grade mineralization, with grades of up to 70 percent manganese. The exploration licenses have detailed exploration and production outlines extending to four years and covering cobalt, vanadium, nickel and copper mining rights on the specified areas. “Zambia is a world class mining jurisdiction,” Peter Wilson, CEO of Maxtech, stated in the…

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TuesdayMay 08, 2018 11:04 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Announces MoneyTrac Technology’s Planned Attendance at MJBizConNEXT

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that MoneyTrac Technology, Inc. (“MTRAC”), a company in which GOHE currently holds an 18 percent ownership stake, said that key MTRAC sales and marketing team members will present at the MJBizConNEXT conference taking place in New Orleans on May 9-11, 2018. Anticipated attendees of the event include business executives, cultivators, extractors, and technology leaders in the cannabis industry. MoneyTrac intends to leverage its attendance at the event to further awareness of its MTRAC payment platform, one of the first fully compliant solutions to successfully remove cash from cannabis transactions.…

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TuesdayMay 08, 2018 9:36 am

NetworkNewsBreaks – Virtual Crypto Technologies Inc. (VRCP) Launches New Cryptocurrency Transaction Confirmation Solution

Virtual Crypto Technologies (OTCQB: VRCP), a technology company devoted to making cryptocurrencies accessible to the public, this morning announced the launch of Bit4Sure, a proprietary cryptocurrency transaction confirmation solution via an Application Programming Interface (“API”) for business as well as a mobile application for consumers that delivers zero confirmation transaction services. The user-friendly app is available for download at Google Play and the Apple Store. Typically, cryptocurrency transactions take at least 10 minutes for the blockchain to confirm that the transaction is valid, making cryptocurrency impractical for most daily commerce interactions. Virtual Crypto has developed the Bit4Sure API solution to…

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