MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to provide an update for its REN Niobium-Tantalum-Titanium-REE Mineral Property (“Ren” or the “Property”) located in the northern Monashee Mountains of southeastern British Columbia. The Company has now received assay results from diamond drilling as well as field reconnaissance results from a regional geochemical sampling program completed at REN.
FSD Pharma Inc. (“FSD Pharma” or “FSD”) (CSE: HUGE) (OTCQB: FSDDF) (FRA: 0K9) in response to Therapix Biosciences’ termination of the company’s binding letter of intent (LOI) to be acquired by FSD Pharma, Dr. Raza Bokhari, Executive Co-Chairman of the Board of FSD Pharma, released the following statement:
FSD Pharma Inc. (“FSD Pharma” or “FSD”) (CSE: HUGE) (OTCQB: FSDDF) (FRA: 0K9) has completed a strategic investment of $1.3 million or just under 9.9% in Huge Shops, a Toronto-based cannabis retailer. Huge Shops has a strategic alliance with Chairman’s Brands, parent company of Coffee Time, a well-established operator of retail coffee shops with more than 75 locations in Canada and other locations worldwide.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report it is funding a research consortium with the University of British Columbia (“UBC”) to develop a low-cost and scalable method for fabricating Silicon based anode to improve the energy density of Li-ion batteries. The two-year research program will focus on 1) fabricating nanostructured silicon using low-cost metallurgical silicon as a feedstock and 2) compositing nanostructured silicon with commercial graphite to develop a high-performance silicon anode. The purpose of the research is to replace the graphite anode with silicon and complete a hybrid in the short-term which will not require retooling. The ultimate goal is to enable next-generation Li-ion batteries capable of quadrupling energy density from current 100 Wh/kg up to 400 Wh/kg for use in long-range electric vehicles and grid storage.
Skyharbour Resources Ltd. (TSX-V: SYH)(OTCQB: SYHBF)(Frankfurt:SC1P) (the “Company”) is pleased to announce the results from its 2018 fall diamond drilling program at its 100% owned, flagship 35,705 hectare Moore Uranium Project, located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure on the southeast side of the Athabasca Basin, Saskatchewan. Drillhole ML18-14 intersected high grade uranium mineralization within the Main Maverick Zone consisting of 3.11% U3O8 over 1.8 metres within an intercept containing 0.56% U3O8 over 15.2 metres. This represents one of the broadest zones of uranium mineralization intersected on the property to date and occurs from 264.5 metres to 279.7 metres downhole, and largely within the underlying basement rocks. Of particular note is that the uranium mineralization continues well into the basement rock in the above reported intercept illustrating the strong discovery potential below the unconformity.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that the Company has received an interim order from the Supreme Court of British Columbia in respect of the Plan of Arrangement (the “Interim Order”) with its wholly-owned subsidiary MGX Renewables Inc. (“MGX Renewables”) whereby MGX will complete a spin-out of 40% of the common shares of MGX Renewables (“MGX Renewables Shares”) pursuant to a plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (British Columbia) as part of a going public transaction planned for early February 2019.
Canadian Orebodies (V.CORE) was very quiet over the summer and early fall. Few press releases. No hype. Just prospecting and then an October announcement of a drilling program at the company’s Wire Lake project. As Gord McKinnon put it in this release, “This first phase of drilling is designed to test six target areas, several of which are virgin discoveries made by our prospecting teams over the last two seasons that have never seen any advanced exploration or drilling”.
FSD Pharma Inc. (“FSD” or the “Company”) (CSE: HUGE) (OTCQB: FSDDF) (FRA: 0K9) would like to congratulate High Tide Inc. (“High Tide”) for its listing approval and commencement of trading on the Canadian Securities Exchange (“CSE”) today under the stock symbol “HITI”. FSD has been a founding shareholder of High Tide since participating in its non-brokered private placement that closed on May 2, 2018, while adding to its position by participating in High Tide’s offering of special warrants that closed on October 2, 2018.