Author: MotherlodeTV

FSD Pharma Inc. Announces C$10.125 Million Private Placement

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C.HUGE, FSD Pharma, cannabis, pot

FSD Pharma Inc. (NASDAQ: HUGE) CSE;HUGE or the “Company”), today announced it has entered into definitive agreements with certain institutional investors for the purchase and sale of 1,500,000 shares of the Company’s Class B Subordinate Voting Shares (“Shares”) at a price of C$6.75 per Share pursuant to a private placement resulting in gross proceeds of approximately C$10.125 million. The Company has also agreed to issue common share purchase warrants to purchase 1,500,000 Shares of the Company. The warrants will have a five year-term and an exercise price of C$9.65 per share. The closing of the offering is expected to occur on or about June 8, 2020, subject to the satisfaction of customary closing conditions including applicable exchange approvals.  The Company has granted the investors an option to acquire up to an additional C$10.125 million of units on the terms set forth above for a period of 30 days following the initial closing. read more

FSD Pharma Receives U.S. FDA Approval to design a Phase 2a Clinical Trial to Treat Patients with Suspected or Confirmed COVID-19 Diagnosis

MotherlodeTV
C.HUGE, FSD Pharma, cannabis, pot

FSD Pharma Inc. (Nasdaq: HUGE) (CSE: HUGE.CN) (FRA: 0K9A) (“FSD Pharma” or the “Company”) today announced that the U.S. Food and Drug Administration (FDA) has given the company permission to submit an Investigational New Drug Application (IND) for the use of FSD-201 (ultramicronized palmitoylethanolamide, or ultramicronized PEA)  to treat COVID-19, the disease caused by the SARS-CoV-2 virus. Severe COVID-19 is characterized by an over-exuberant inflammatory response that may lead to a cytokine storm and ultimately death. FSD Pharma is focused on developing FSD-201 for its anti-inflammatory properties to avoid the cytokine storm associated with acute lung injury in hospitalized COVID-19 patients. read more

Millennial Lithium Corp. Granted Final REMSA License at its Pastos Grandes Project, Salta, Argentina

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V.ML, Millenial Lithium, lithium, Argentina

Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to announce that the Mining Court of Salta has granted Millennial’s Argentine subsidiary, Proyecto Pastos Grandes S.A., the remaining mining license, Nueva Sijesyta 01, that comprised the original REMSA Properties. The REMSA Properties are comprised of 5 mining licenses totaling 6557 ha which are contiguous with Millennial’s core licenses covering the Salar de Pastos Grandes. The Company has implemented operational procedures to protect the health of its office staff, field crews and contractors during the COVID-19 global pandemic. Where possible, office staff, field crews and contractors have been working from home per local government advisories. Plans for field and other work for 2020 will be evaluated on an ongoing basis but at this time, Millennial does not anticipate a significant or material impact upon its operations. Millennial’s operations in Salta Province are classified as essential and are exempted from some many local and federal COVID-19 restrictions in Argentina. read more

NexGen Closes US$30 Million Financing with Queen’s Road Capital

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T.NXE, NexGen, uranium

NexGen Energy Ltd. (“NexGen” or the “Company“) (TSX:NXE, NYSE MKT:NXE) is pleased to announce that it has closed its previously announced US$30 million financing with Queen’s Road Capital Investment Ltd. (“QRC“) totaling US$30 million, comprising US$15 million of common shares of NexGen (“Placement Shares“) and US$15 million aggregate principal amount of unsecured convertible debentures (the “Debentures“). read more

White Gold Corp. Announces Webinar to Provide Further Details on its Upcoming Fully Funded 2020 Exploration Program and Corporate Update

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V.WGO, White Gold, gold, Yukon

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce an online Webinar hosted by management on Thursday, May 28th, 2020. David D’Onofrio – CEO, Shawn Ryan – Chief Technical Advisor and Terry Brace – VP of Exploration, will present additional details on the Company’s fully funded 2020 exploration program on its extensive 422,000+ hectare land package, representing over 40% of the prolific White Gold District in Yukon, Canada. The 2020 exploration program, budgeted at approximately $4.0 Million, has been designed to further test high priority targets and recent high-grade discoveries on the Company’s White Gold, Hen and JP Ross properties, as well as to identify and advance other targets throughout its regional land package. Backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC), the 2020 exploration program is scheduled to commence in the coming weeks. read more

White Gold Corp. Announces Fully Funded 2020 Exploration Program on its White Gold District Projects, Yukon

MotherlodeTV
V.WGO, White Gold, gold, Yukon

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce its fully funded 2020 exploration program on its extensive 422,000+ hectare land package, representing over 40% of the emerging White Gold District in Yukon, Canada. The 2020 exploration program which is budgeted at approximately $4.0 Million has been designed to further test existing targets and recent high grade discoveries on the Company’s White Gold, Hen, and JP Ross properties, as well as to identify and advance other targets on its extensive regional land package. Backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC), the 2020 exploration program is scheduled to commence in the coming weeks. read more