NetworkNewsBreaks

TuesdayOct 24, 2023 11:44 am

NetworkNewsBreaks – GEMXX Corporation (GEMZ) Releases Gold Production Report for BC-Based Snow Creek Test Mine Site

GEMXX (OTC: GEMZ), a leader in the ammolite gemstone mine-to-market segment and a 50% partner in Canadian gold-exploration company Crazy Horse Mining Inc. (“CHMI”), has successfully completed its third and final clean-out and recording of gold production at the Snow Creek Mine site for the 2023 mining season. According to the announcement, GEMXX and CHMI have processed 31,200 cubic yards of gold-bearing ore during the 2023 test season; those results met all expectations, the report noted, and are positive considering much of the material used during the test program was surface “gold bearing ore” that had been stockpiled when making…

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TuesdayOct 24, 2023 11:06 am

NetworkNewsBreaks – Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2) Executes Initial Drill Program at Ruby Graphite Project

Reflex (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2) today announced completion of its 2023 phase one drill program at its Ruby Graphite Project near Dillon, Montana. The program’s impressive efficiencies allowed the company to complete 22 holes, surpassing the originally planned 16 holes, with all reaching an average depth of 150 meters. The company’s geological team is now focused on data compilation, with assay results expected in the first quarter of 2024. “The team is very pleased with how much we have been able to accomplish during phase one of our drill program,” said Paul Gorman, CEO of Reflex Advanced Materials.…

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TuesdayOct 24, 2023 10:29 am

NetworkNewsBreaks – Diamond Lake Minerals Inc. (DLMI) Announces E! TV Founder as Newest Strategic Advisor, Becomes IBN Client Partner

Diamond Lake Minerals (OTC: DLMI), a leading multistrategy operating company specializing in the development and support of digital assets and SEC-registered security tokens, has named a new strategic advisor: Larry Namer. Renowned for his influential contributions to cable television, live events, music and new media, Namer brings an impressive five decades of experience to his new responsibilities, including cofounding E! Entertainment Television. According to the announcement, he was the visionary behind Comspan Communications, a company he founded that played a fundamental role in introducing Western forms of entertainment to the former Soviet Union; Steeplechase Media, which was the primary consultant…

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MondayOct 23, 2023 2:27 pm

NetworkNewsBreaks – Webuy Global Limited (NASDAQ: WBUY) Closes on Public Offering Resulting in $15.2M

Webuy Global (NASDAQ: WBUY), a Southeast Asian community e-commerce retailer, has closed on its initial public offering. The offering was comprised of 3,800,000 ordinary shares priced at at $4 per share. The public offering resulted in approximately $15.2 million in gross proceeds for Webuy before standard deductions and expenses. According to the announcement, Webuy also granted underwriters a 45-day option to purchase up to an additional 570,000 ordinary shares at the same price. Webuy plans to use the funds from the offering for marketing, development and business expansion purposes as well as for working capital and general corporate expenses. The…

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MondayOct 23, 2023 12:41 pm

NetworkNewsBreaks – VenHub Unveiling New Dawn in Retail with Launch of the Alpha Smart Store

VenHub, on Oct. 25, 2023, will shatter the glass ceiling of retail innovation. Not just launching a product, VenHub is launching the future of retail at its grand opening in Pasadena, California. The VenHub Alpha Smart Store will be unveiled for the first time to a sold-out crowd of visionaries, leaders and enthusiasts, gathering from around the globe to witness this magical event. “We’ve always believed in pushing the envelope,” said Shahan Ohanessian, CEO of Autonomous Solutions, Inc., the parent company of VenHub. “With the Alpha Smart Store, we’re not just pushing it; we’re catapulting it into a different stratosphere…

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MondayOct 23, 2023 12:38 pm

NetworkNewsBreaks – IMARC 2023 to Showcase Unprecedented Number of First Nations Speakers

The global mining industry is at a critical juncture in its engagement with First Nations communities. Progress on economic participation and employment is being tempered by ongoing challenges around cultural heritage and land use. The destruction of Indigenous heritage sites in the western Pilbara in 2020 brought, through world headlines, the relationship between mining leaders and traditional landowners into sharp focus. But while challenges around environmental and cultural heritage continue, attention is also focusing on how mining can boost the employment, skills and economic participation of the First Nations communities in which they operate. This year’s International Mining and Resources…

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MondayOct 23, 2023 12:32 pm

NetworkNewsBreaks – Diamond Lake Minerals Inc. (DLMI) Names Veteran Gaming, Sports & Entertainment Icon as Strategic Advisor

Diamond Lake Minerals (OTC: DLMI), a leading multistrategy operating company specializing in the development and support of digital assets and SEC-registered security tokens, has announced a new strategic advisor: Michael J. Malik Sr. According to the announcement, Malik has 50-plus years of experience and a proven track record in the gaming, sporting and entertainment industry. Currently a principal at MJM Enterprises Development Company Inc., Malik has served as a partner in the Detroit Entertainment casino group that, under his direction, selected the Mandalay Bay group as a casino operator and built MotorCity Casino into a thriving entertainment hub that contributed…

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MondayOct 23, 2023 12:12 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Announces Filing in Connection with Proposed Arrangement with Celly Nu

FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) is a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions. Together with Celly Nutrition Corp. (“Celly Nu”), FSD Pharma today announced its filing on www.SEDARPlus.ca its management information circular and related materials in connection with the special meeting of FSD Pharma Securityholders (as defined in the company’s press release dated Oct. 5, 2023). The meeting, to be held virtually on Nov. 20, 2023, at 1:00 p.m. (Toronto time) through the AGM Connect meeting platform, is to approve, among other things, the previously-announced plan of arrangement under which…

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MondayOct 23, 2023 11:31 am

NetworkNewsBreaks – Upstream’s Investing App Signifies Potential of Blockchain Technology, Next Phase of Capital Markets

Upstream recently applauded SEC’s move towards transparency in short selling as a step in the right direction. “Conventional financial markets do not offer safeguards against short selling. On Upstream, a MERJ Exchange Market powered by blockchain technology, short selling is inherently not allowed. We believe the technology powering Upstream’s investing app signifies the next phase of capital markets, driven by several compelling factors. Notably, the elimination of prevalent market manipulations like short selling stands out as a prominent feature, contributing to the development of a more equitable and transparent trading environment,” reads the announcement, written by Vanessa Malone. “The U.S.…

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MondayOct 23, 2023 11:20 am

NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Update on Progress of Action Filed Against Key Broker Dealers

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on the status of the lawsuit it filed against TD Ameritrade, Charles Schwab, National Finance Services and others alleging that those broker dealers engaged in a scheme to manipulate the share price of the company’s securities. Mullen filed the lawsuit in August 2023 in the United States District Court in the Southern District of New York. The company is seeking compensatory damages and injunctive relief from the defendants “unlawful conduct in violation of Section 10b and Rule 10b-5 promulgated thereunder of the Securities Exchange Act of 1934.” Earlier…

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