Garibaldi Mobilizes Exploration Crews


Garibaldi Mobilizes Exploration Crews

 

Vancouver, British Columbia, June 1, 2021 – Garibaldi Resources (TSXV: GGI) (the “Company” or “Garibaldi”) is pleased to announce that exploration personnel have been deployed to the Company’s camp at km 45 on the Eskay Creek road. The flagship E&L nickel-copper-cobalt massive sulphide project remains the primary focus, followed by volcanogenic-massive-sulphide (VMS) precious-metal targets within the Hazelton Group. Geophysical surveys over Nickel Mountain and the VMS prospective Palm Springs claims, are now underway.

The first stage includes two specialized airborne surveys. ZTEM, a deep penetrating electro-magnetic (EM) airborne sensor to track conductive high-grade E&L intrusions. SkyTEM, designed to identify structures with prospective stratigraphy for the discovery of Eskay Creek style VMS precious-metal mineralization. Data from both surveys will be processed rapidly to aid interpretation for exploration (See news release dated May 6, 2021).

Garibaldi’s planned diamond drill program will focus on extending the E&L mineralized gabbro along trend, for new massive sulphide discoveries. Beyond Nickel Mountain, crews will sample geophysical and geochemical VMS target areas over the remainder of Garibaldi’s claims for base and precious metals. This includes alteration zones and outcrops identified by World view3 satellite remote sensing. Significant VMS targets at various stages include the following prospects:

VMS Gold Targets

  • Casper, Four shallow diamond drill holes tested the quartz vein discovery in 2020, each hole intercepted gold mineralization. The polymetallic quartz vein with select channel sample assays of up to 249 g/t (8. oz) gold, is at low elevation, within 1.4 km from roads and hydroelectric facilities. The mineralized system’s strike length is over 500 meters and open along strike. (see news releases Feb.12, 2021, Nov.16, Sept.29, Sept.22, Feb 28, 2020)
  • Palm Springs, Previous work has identified VMS potential at Palm Springs, where a significant portion of the claims are mapped as Eskay Creek facies. The geochemical profile includes elevated arsenic, antimony, mercury, gold, zinc and copper, with realgar and orpiment within a major quartz breccia zone. The rhyolitic volcanics appear to be underlain by black siltstones and volcanoclastics. In addition, two separate geophysical VTEM anomalies one km apart makes this area a high priority VMS exploration target.
  • Triple Faults, The Harrymel-Unuk (H-U) fault is a dominant feature bisecting the Palm Springs claims. Exploration will focus along a projected 6 km wide VMS trend, extending 3km on either side of the H-U fault. A clastic sequence within 2 km of a large-scale fault is a key prospective feature observed by Kyba-Nelson of the B.C. Geological Survey in their 2015 Red-line paper on NW B.C. deposits. Coupled with new stratigraphic interpretation of the district, VMS target areas will undergo detailed evaluation programs.
  • Eskay North, The claims border the historic Eskay Creek mine which is 2,500 meters southwest from Garibaldi’s claim boundary. The high-grade Eskay Creek 21 zones strike northeast towards Eskay North which is covered by the Bowser Lake Group, of unknown thickness. Garibaldi’s ZTEM survey will provide deep penetration of the Bowser and search beneath for the projected Hazelton group which hosts the mineralization at the Eskay Creek Mine. (Minfile 104 B 008 Eskay Creek)

Battery Metals & Gold

Garibaldi’s 100% owned Eskay claim Group is 180 sq. kms of highly prospective claims, resulting from the consolidation of Nickel Mountain, Palm Springs and Eskay North in 2016. The battery-metal rich E&L magmatic nickel-copper-cobalt massive sulphide discovery is a high value proposition surrounded by a multitude of base and precious-metal outcrops of nickel-copper-zinc-gold-silver and platinum group metals. The escalating global green revolution will require all these metals to feed rising demand from new battery technology for electric vehicles.

While Garibaldi’s primary focus is the foundational E&L nickel-copper-cobalt massive sulphide project, the Company’s Eskay Claim Group is centered within the Eskay gold camp, encircled by numerous recent precious metal rich discoveries by neighboring operators. Advanced structural, stratigraphic and remote sensing interpretation of Eskay district geology indicates strong potential for VMS related Eskay Creek style mineralization on Garibaldi’s Palm Springs claim block to the north of Nickel Mountain. Garibaldi’s abundant VMS precious metals potential offers an added bonus to shareholders, as rising inflation pressures gold and silver prices higher.

Steve Regoci, Garibaldi CEO, stated: “We’re anxious to receive the ZTEM and SkyTEM survey results as we prepare for drilling. Our top priority is to explore deeper and along trend at E&L, but we also have large numbers of exciting new nickel-copper and VMS gold targets to explore as well.

The growing demand for critical metal sources required to drive the new green economy, and precious metals to protect against increasing inflation, was the compelling vision for our entire pipeline of district scale projects. The advancing Eskay claim group ranks high for potential to deliver new discoveries as metal prices trend higher.”

Qualified Person

Jeremy Hanson, P.Geo., VP Exploration Canada for the Company and a qualified person as defined by NI- 43-101, has supervised the preparation of and reviewed and approved of the disclosure of information in this news release.

 About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

QuickChek – June 1, 2021



PDS Biotech to Host Oncology R&D Day on June 16, 2021

PDS Biotechnology announced it will host an Oncology R&D Day for analysts, investors, and the scientific community from 8:00 – 10:00 AM ET on Wednesday, June 16th

Research, News & Market Data on PDS Biotechnology

Watch recent presentation from PDS Biotech



Great Bear Strengthens Management Team and Provides Update on Regional Projects

Great Bear Resources announced key management appointments

Research, News & Market Data on Great Bear Resources

Watch recent presentation from Great Bear



Palladium One Drills 48 Meters @ 2.2 g/t within 116 Meters @ 1.2 g/t Palladium Equivalent at Haukiaho Trend, Finland

Palladium One Mining announced that 12 holes (1,943 metres) were drilled on the Haukiaho trend at Haukiaho Trend, Finland

Research, News & Market Data on Palladium One Mining

Watch recent presentation from Palladium One



Onconova Therapeutics Announces The Appointment Of Mark Gelder, M.D., As Chief Medical Officer

Onconova Therapeutics announced that Mark Gelder, M.D. will be joining Onconova as Chief Medical Officer (CMO), effective as of June 14, 2021

Research, News & Market Data on Onconova Therapeutics

Watch recent presentation from NobleCon17



Cannabis Growth Operator, Schwazze, Announces Agreement to Acquire Southern Colorado Growers

Schwazze signed definitive documents to acquire the assets of Southern Colorado Growers in Huerfano County, Colorado

Research, News & Market Data on Schwazze

Watch recent presentation from Schwazze



LAFC Sign Esports Entertainment Group as Its Esports Tournament Platform Provider in Multi-Year Deal

Esports Entertainment Group signed a multi-year partnership with the Los Angeles Football Club to be the Major League Soccer franchise’s esports tournament provider

Research, News & Market Data on Esports Entertainment Group

Watch recent presentation from EEG



Garibaldi Mobilizes Exploration Crews

Garibaldi Resources announced that exploration personnel have been deployed to the Company’s camp at km 45 on the Eskay Creek road

Research, News & Market Data on Garibaldi Resources

Watch recent presentation from NobleCon17



Lineage Cell Therapeutics Reports Additional Cases Of Retinal Tissue Restoration In Dry AMD Patients Treated With Opregen RPE Cells

Lineage Cell Therapeutics announced that restoration of retinal tissue was observed in two additional patients enrolled in the Company’s Phase 1/2a study of its lead product candidate, OpRegen

Research, News & Market Data on Lineage Cell Therapeutics

Watch recent presentation from NobleCon17

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Is Oil Demand Stronger than Estimated?


Image Credit: Kim Woodbridge (Flickr)


Are the Markets Underestimating Oil Demand?

 

Introduction

What COVID-19 did to oil demand, the rollout of the COVID-19 vaccine has been quickly undoing.  As employees return to work and travel is increased both near and far, the sudden demand coupled with the reduced output from last year could be a recipe for even higher prices. The U.S. economy has not even reached its expected peak, yet underestimated oil demand is now showing up in prices. This is why Goldman Sachs predicts Brent crude oil will cross above the $80 per barrel mark. The bank prediction is on the high side of forecasts as others expect oil prices to hover around $70 per barrel until Q3 of 2021.

 

Higher Demand for Gasoline

One place consumers are witnessing the impact of higher crude prices higher is at the gas pump. With more cars coming out of their driveway, pump prices have spiked to $3 and more a gallon. This is almost twice gasoline’s lowest level during 2020.  This increase is the record-high increase (percentage) in prices since 2014.

The EIA (Energy Information Administration) affirms that it is expecting the average consumption of 9 million barrels a day (BPD) in the summer season alone in the U.S. In comparison, this pace would surpass the threshold of 2020’s summer consumption by approximately 15% or 1.2 million barrels per day.

 

Source: EIA.gov

 

How Accurate Will Predictions Be?

The all-time-high for a barrel of oil was $147.02 reached on July 11, 2008. Although the expectations, even on the high side, are well below that ($80 range). when you consider that Brent crude prices are already up 66% in less than a year and the dynamics driving the price are still in place, the potential for even greater increases is real. The U.S. is ahead of many other large oil-consuming nations, as they lift restrictions and international travel resumes demand could potentially exceed even the more extreme predictions. Over the past year, Brent Crude oil prices have climbed 85 percent to their current price per barrel. Now, as the reopening, the pent-up demand, and the empowered vaccinated and COVID-19 survivors all come together during the summer travel season its could be like a perfect storm, even the more accurate forecasters are faced with variables they have never had to model before. They may be spot on, but if there is deviation, they may be far too conservative with their expectations. 

 

Who Benefits:

This coming Saturday is the United Nations World Environmental Day. The push to reduce fossil fuel use is high across the globe. Yet, there are some true beneficiaries of increasing crude in the short and long term. In a press release dated May 6, 2021, InPlay Oil (IPOOF,
IPO:CA
) had this to say about their prospects. “The commodity price recovery in the past year has been remarkable and occurred quicker than InPlay and most in the industry expected. We are pleased to report that InPlay is ahead of schedule on our road to recovery, already reaching our goal of quickly returning to 2019 pre-COVID production levels.” InPlay is a small driller which means every additional penny that a barrel taken from the ground is sold for, has a larger impact on their bottom line. Indonesia Energy (INDO) is an oil and gas exploration and production company focused on Indonesia. They began drilling a first well on April 21st. Next Tuesday (June 8) INDO is hosting an investor conference call in order to provide an update (including initial results) on the drilling and completion of IEC’s first new producing well.  INDO is also a small company where small price changes can have a magnified impact. GEVO Inc. (GEVO) is a small biofuels manufacturer that is a favorite among many ESG investors. They also benefit from an increase in fuel prices while having the global regulatory bodies solidly behind the reduction in high carbon-emitting fuels. Any expected increase in the value of a barrel of oil could also impact the bio-alternatives.

 

Take Away

In their report on oil, Goldman Sachs wrote, “Investors should be aware of the fact that the world market at the moment is underestimating oil demand as a chance to open up economies for enterprise.” If there is the expected increased travel across the globe and economic activity continues its upward spike, it’s conceivable that estimates like this may fall short of what occurs through Summer 2021.

Even the slightest rise in oil prices can impact small companies that either compete with oil with alternative fuels or extract oil at a cost to the company that doesn’t change much with the price of oil.

 

Suggested Content:

InPlay Oil Virtual Roadshow (Video)

Indonesia Energy Virtual Roadshow (Video)



GEVO, Inc. Virtual Roadshow (Video)

FAT Brands Virtual Roadshow (Video)

 

REFERENCES:

  1. https://www.business-standard.com/article/markets/markets-underestimating-oil-demand-see-brent-at-80-goldman-sachs-121052400224_1.html
  2. https://www.hellenicshippingnews.com/physical-oil-market-witnesses-strong-buying-ahead-of-summer/
  3. https://oilprice.com/Energy/Energy-General/Oil-Prices-Rebound-As-Demand-Optimism-Returns.html
  4. https://www.magzter.com/news/395/2630/052021/mdmdi
  5. https://www.inplayoil.com/sites/2/files/documents/press_release_q1_2021_final.pdf

 

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Release – PDS Biotech to Host Oncology RD Day on June 16 2021

 


PDS Biotech to Host Oncology R&D Day on June 16, 2021

 

FLORHAM PARK, N.J., June 01, 2021 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immunotherapy company developing novel cancer therapies based on the Company’s proprietary Versamune® T-cell activating technology, today announced it will host an Oncology R&D Day for analysts, investors, and the scientific community from 8:00 – 10:00 AM ET on Wednesday, June 16th.

PDS Biotech’s Oncology R&D Day will focus on the Company’s advancements in its ongoing preclinical and clinical work and will feature presentations from:

  • Dr. Frank Bedu-Addo, President and CEO, PDS Biotech
  • Dr. Lauren V. Wood, Chief Medical Officer, PDS Biotech
  • Dr. Jeffrey Schlom, Chief of the Laboratory of Tumor Immunology and Biology, Center for Cancer Research, National Cancer Institute, National Institute of Health
  • Dr. Julius Strauss, Principal Investigator, Laboratory of Tumor Immunology and Biology, Center for Cancer Research, National Cancer Institute, National Institute of Health
  • Dr. Caroline Jochems, Staff Scientist, Laboratory of Tumor Immunology and Biology, Center for Cancer Research, National Cancer Institute, National Institute of Health

A copy of the presentations will be available on June 17th on the scientific presentations and publications page of PDS Biotech’s website. Registration for PDS Biotech’s Oncology R&D Day is now open and a live webcast of the event will be available online in the investor relations section of the company’s website at https://pdsbiotech.com/investors/news-center/events. A replay will be available on the company website for 90 days following the webcast.

About PDS Biotechnology

PDS Biotech is a clinical-stage immunotherapy company developing a growing pipeline of cancer immunotherapies and infectious disease vaccines based on the Company’s proprietary Versamune® T-cell activating technology platform. Our Versamune®-based products may overcome the limitations of current immunotherapy by inducing in vivo, large quantities of high-quality, highly potent polyfunctional tumor specific CD4+ helper and CD8+ killer T-cells. PDS Biotech has developed multiple investigational therapies, based on combinations of Versamune® and disease-specific antigens, designed to train the immune system to better recognize diseased cells and effectively attack and destroy them. Our immuno-oncology product candidates are initially being studied in combination therapy to potentially enhance efficacy without compounding toxicity across a range of cancer types. The company’s lead investigational cancer immunotherapy product PDS0101 is currently in Phase 2 clinical studies in HPV-associated cancers. To learn more, please visit www.pdsbiotech.com or follow us on Twitter at @PDSBiotech.

Forward Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning PDS Biotechnology Corporation (the “Company”) and other matters. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the Company’s management, as well as assumptions made by, and information currently available to, management. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend,” “forecast,” “guidance”, “outlook” and other similar expressions among others. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the Company’s ability to protect its intellectual property rights; the Company’s anticipated capital requirements, including the Company’s anticipated cash runway and the Company’s current expectations regarding its plans for future equity financings; the Company’s dependence on additional financing to fund its operations and complete the development and commercialization of its product candidates, and the risks that raising such additional capital may restrict the Company’s operations or require the Company to relinquish rights to the Company’s technologies or product candidates; the Company’s limited operating history in the Company’s current line of business, which makes it difficult to evaluate the Company’s prospects, the Company’s business plan or the likelihood of the Company’s successful implementation of such business plan; the timing for the Company or its partners to initiate the planned clinical trials for PDS0101, PDS0203 and other Versamune® based products; the future success of such trials; the successful implementation of the Company’s research and development programs and collaborations, including any collaboration studies concerning PDS0101, PDS0203 and other Versamune® based products and the Company’s interpretation of the results and findings of such programs and collaborations and whether such results are sufficient to support the future success of the Company’s product candidates; the success, timing and cost of the Company’s ongoing clinical trials and anticipated clinical trials for the Company’s current product candidates, including statements regarding the timing of initiation, pace of enrollment and completion of the trials (including our ability to fully fund our disclosed clinical trials, which assumes no material changes to our currently projected expenses), futility analyses, presentations at conferences and data reported in an abstract, and receipt of interim results, which are not necessarily indicative of the final results of the Company’s ongoing clinical trials; any Company statements about its understanding of product candidates mechanisms of action and interpretation of preclinical and early clinical results from its clinical development programs and any collaboration studies; the acceptance by the market of the Company’s product candidates, if approved; the timing of and the Company’s ability to obtain and maintain U.S. Food and Drug Administration or other regulatory authority approval of, or other action with respect to, the Company’s product candidates; and other factors, including legislative, regulatory, political and economic developments not within the Company’s control, including unforeseen circumstances or other disruptions to normal business operations arising from or related to COVID-19. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors included in the Company’s annual and periodic reports filed with the SEC. The forward-looking statements are made only as of the date of this press release and, except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Media & Investor Relations Contact:

Deanne Randolph
PDS Biotech
Phone: +1 (908) 517-3613
Email: drandolph@pdsbiotech.com

Rich Cockrell
CG Capital
Phone: +1 (404) 736-3838
Email: rich@cg.capital

Euroseas Ltd. (ESEA) – High Visibility and Favorable Risk Reward Profile

Tuesday, June 01, 2021

Euroseas Ltd. (ESEA)
High Visibility and Favorable Risk/Reward Profile

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers. As of March 31, 2017, it had a fleet of seven containerships; and six drybulk carriers, including three Panamax drybulk carriers, one Handymax drybulk carrier, one Kamsarmax drybulk carrier, and one Ultramax drybulk carrier. The company was founded in 2005 and is based in Maroussi, Greece.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Looking at 2021 forward cover of 89% of available days booked at TCE rates of $15.2k/day. Our 2021 EBITDA is $40.6 million based on TCE rates of $16.7k/day and visibility is very high. The recent Hydra charter at $20.0k/day for at least 23 months increased the forward cover and about 89% of 2021 available days of 5,000 are booked at average rates of $15.2k/day. Contracted EBITDA approximates $32.8 million and we are estimating that the open days are filled at an average TCE rate slightly above $20.0k/day.

    Looking at 2022 forward cover of 55% of available days booked at TCE rates of $19.6k/day.  Due to recent charters signed for longer terms, visibility into next year is the highest in more than a decade. While the forward is not as high as 2021, the average rate is about 25% higher and contracted EBITDA approximates $28.8 million. Similar to 2021, we are estimating that the open 2,278 days are filled …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Lineage Cell Therapeutics Reports Additional Cases Of Retinal Tissue Restoration In Dry AMD Patients Treated With Opregen RPE Cells


Lineage Cell Therapeutics Reports Additional Cases Of Retinal Tissue Restoration In Dry AMD Patients Treated With Opregen RPE Cells

 

  • Restoration Was Observed in Two Additional Patients in a Phase 1/2a Clinical Study of OpRegen
  • An Earlier and First-Known Clinical Report of Restoration Has Been Maintained for 3 Years
  • Restoration Has Been Observed in Three of Four Patients Who Received OpRegen RPE Cells Across a Wide Area of Atrophy

 

CARLSBAD, Calif.–(BUSINESS WIRE)–Jun. 1, 2021– 

Lineage Cell Therapeutics, Inc.
 (NYSE American and TASE: LCTX), a clinical-stage biotechnology company developing allogeneic cell therapies for unmet medical needs, announced today that restoration of retinal tissue was observed in two additional patients enrolled in the Company’s Phase 1/2a study of its lead product candidate, OpRegen. OpRegen is an allogeneic retinal pigment epithelium (RPE) cell transplant therapy in development for the treatment of age-related macular degeneration (AMD) with geographic atrophy (GA), or dry (atrophic) AMD. These new findings occurred in two of the three Cohort 4 patients treated in November of 2020, where surgeons successfully covered the majority of the area of atrophy with a suspension of OpRegen cells. Outer retinal layer restoration, which was observed using clinical high-resolution Optical Coherence Tomography (OCT), was evidenced by the presence of new areas of RPE monolayer with overlying ellipsoid zone, external limiting membrane, and outer nuclear layer, which were not present at the time of baseline assessment. These findings suggest integration of the new RPE cells with functional photoreceptors in areas that previously showed no presence of any of these cells. These effects were most prominent in the transitional areas around the primary area of GA. In addition to positive anatomical changes, all three patients’ visual acuity increased above baseline levels within 6 months post-transplant. The totality of these findings supports the view that atrophic AMD is not an irreversible, degenerative condition and that some portion of diseased retinal tissue may be recoverable.

In connection with these findings, Lineage has filed a Patent Cooperation Treaty (PCT) patent application which describes restoration of the anatomy and/or functionality of diseased retinas. The application is based on clinical trial data demonstrating, for the first time, administration of RPE cells to an atrophic retina restores structure and function to one or more retinal layers. Allowed claims of a national patent application based on the PCT application would have an estimated expiration date of at least 
May 24, 2041.

“After reporting the first case of retinal restoration last year, it is extremely exciting for me to see retinal restoration replicated in additional OpRegen-treated patients. Confirmation of restoration was performed by independent experts using multimodality imaging techniques and these new cases reinforce earlier findings that treatment with OpRegen can save dysfunctional photoreceptors and replace RPE cells in areas of geographic atrophy, which could provide a remarkable treatment opportunity for this patient population,” stated Jordi Monés, M.D., Ph.D., Director, Institut de la Màcula and Director, Principal Investigator and Founder, 
Barcelona Macula Foundation. “It has long been hypothesized that in atrophic AMD patients, cells in the transition areas at the boundaries of the GA are dysfunctional and dying, but not completely lost. These unprecedented findings provide further evidence that the addition of new RPE cells may restore the microenvironment of the surrounding tissue and contribute to the survival and function of existing cells that otherwise, if left untreated, would inevitably progress to further expansion of the atrophic region.”

“To our knowledge, these three patients represent the only examples of an experimental treatment for dry AMD demonstrating a reduction, rather than attenuating further expansion, of an area of atrophy in humans,” stated  Brian M. Culley, Lineage CEO. “Now that these findings of retinal restoration have been confirmed in multiple patients over clinically meaningful time periods, we believe we are in a position to pioneer a new paradigm for how we and others evaluate and treat atrophic AMD. Notably, 75% of patients who received broad coverage of OpRegen across the area of GA exhibited evidence of restoration, indicating that clinical benefits may be improved by a more central and complete placement of OpRegen cells across the atrophic area. Importantly, in addition to thickening of the outer nuclear layers and restoration of retinal structures in these patients, we also have observed durable improvements in visual acuity. Additional evidence collected recently supports our belief that treatment with OpRegen can provide patients not only with improvements in the anatomy and the structure of their retina and visual acuity, but also enhance quality of life. We will discuss these new findings with our advisors in the coming weeks and months to assess implications for the clinical development and regulatory approval pathways for OpRegen. We believe these findings represent a significant advancement in the field of cell therapy, in which the directed differentiation and transplant of specific cell types to treat severe diseases and conditions may generate outcomes which have remained out of the reach of traditional molecular approaches.”

The loss of RPE cells over time creates progressively larger areas of atrophy in the adult retina, leading to impaired vision or complete blindness, a condition known as atrophic AMD. Humans lack the innate ability to regenerate retinal tissue and replace lost retina cells, which led to a presumption that progression of GA may someday be slowed or halted but could not be reversed. The unique findings from the ongoing OpRegen clinical study support a different view, in which an RPE cell transplant can potentially replace or rescue retinal cells in patients who suffer from retinal lesions or degeneration. Notably, in the two additional Cohort 4 patients evidencing retinal restoration, in peripheral areas of incomplete RPE and outer retinal atrophy (iRORA), away from the primary atrophic lesion, there were examples of complete resolution following OpRegen transplant in some of the iRORA lesions. Additionally, in some areas of complete RPE and outer retinal atrophy (cRORA), similar, full-thickness restoration of retinal layers was observed, particularly in areas of the outer periphery of the transition zone. The transition zone may represent the ideal area to target with cell therapy as the surviving photoreceptors may be restored to normal function with the transplant of new, allogeneic RPE. The first Cohort 4 patient with evidence of retinal restoration and confirmed history of GA growth, first reported last year, continues to demonstrate areas of retinal restoration through that patient’s most recent clinical visit, which occurred approximately 3 years post-transplant. These new findings have been confirmed utilizing multiple imaging technologies, including OCT, a non-invasive test which uses light waves to take cross-sectional images of the retina, allowing for visualization of each of the distinctive layers. The use of multiple imaging modalities differs from traditional assessment of GA progression, which employs only fundus autofluorescence (FAF) to assess changes in the total surface area of the apparent GA over time. Using only FAF may fail to identify structural changes that can be observed only with the addition of OCT imaging. The use of OCT allows for a more precise determination of changes in retinal thickness, organization, and overall health of the retina in areas of potential atrophy, which are possible with cell therapy. These changes may be more likely to be associated with improvements in visual acuity, reading speed, and quality of life over time.

Overall, OpRegen has been well tolerated with no unexpected adverse events or serious adverse events, and evidence of durable engraftment of OpRegen RPE cells have extended to more than 5 years post-transplant in earliest treated patients.

Dr. Monés has served as an external expert consultant for the OpRegen program for approximately 5 years. Dr. Monés completed his retinal specialist training at the 
Massachusetts Eye and Ear Infirmary at 
Harvard University, and earned his Ph.D. degree in Medicine and Surgery at the 
University of Barcelona.

Lineage plans to host a webinar with external therapeutic area experts to discuss the findings in detail, including a review of anatomical improvements, functional activity, and additional results of treatment with OpRegen. The Company will announce the date and time for this event in the coming days. The webinar will be available in the Events and Presentations section of Lineage’s website.

About OpRegen

OpRegen is currently being evaluated in a Phase 1/2a open-label, dose escalation safety and efficacy study of a single injection of human retinal pigment epithelium cells derived from an established pluripotent cell line and transplanted subretinally in patients with advanced dry AMD with GA. The study enrolled 24 patients into 4 cohorts. The first 3 cohorts enrolled only legally blind patients with Best Corrected Visual Acuity (BCVA) of 20/200 or worse. The fourth cohort enrolled 12 better vision patients (BCVA from 20/65 to 20/250 with smaller mean areas of GA). Cohort 4 also included patients treated with a new “thaw-and-inject” formulation of OpRegen, which can be shipped directly to sites and used immediately upon thawing, removing the complications and logistics of having to use a dose preparation facility. The primary objective of the study is to evaluate the safety and tolerability of OpRegen as assessed by the incidence and frequency of treatment emergent adverse events. Secondary objectives are to evaluate the preliminary efficacy of OpRegen treatment by assessing the changes in ophthalmological parameters measured by various methods of primary clinical relevance. OpRegen is a registered trademark of 
Cell Cure Neurosciences Ltd., a majority-owned subsidiary of 
Lineage Cell Therapeutics, Inc.

About Age-Related Macular Degeneration

Age-related macular degeneration (AMD) is an eye disease that can blur the sharp, central vision in patients and is the leading cause of vision loss in people over the age of 60. There are two forms of AMD: dry (atrophic) AMD and wet (neovascular) AMD. Dry (atrophic) AMD is the more common of the two forms, accounting for approximately 85-90% of all cases. In atrophic AMD, parts of the macula get thinner with age and accumulations of extracellular material between Bruch’s membrane and the RPE, known as drusen, increase in number and volume, leading to a progressive loss of central vision, typically in both eyes. Global sales of the two leading wet AMD therapies were in excess of 
$10 billion in 2019. Nearly all cases of wet AMD eventually will develop the underlying atrophic AMD if the newly formed blood vessels are treated correctly. There are currently no 
U.S. Food and Drug Administration, or 
European Medicines Agency, approved treatment options available for patients with atrophic AMD.

About Lineage Cell Therapeutics, Inc. 

Lineage Cell Therapeutics is a clinical-stage biotechnology company developing novel cell therapies for unmet medical needs. Lineage’s programs are based on its robust proprietary cell-based therapy platform and associated in-house development and manufacturing capabilities. With this platform Lineage develops and manufactures specialized, terminally differentiated human cells from its pluripotent and progenitor cell starting materials. These differentiated cells are developed to either replace or support cells that are dysfunctional or absent due to degenerative disease or traumatic injury or administered as a means of helping the body mount an effective immune response to cancer. Lineage’s clinical programs are in markets with billion dollar opportunities and include three allogeneic (“off-the-shelf”) product candidates: (i) OpRegen®, a retinal pigment epithelium transplant therapy in Phase 1/2a development for the treatment of dry age-related macular degeneration, a leading cause of blindness in the developed world; (ii) OPC1, an oligodendrocyte progenitor cell therapy in Phase 1/2a development for the treatment of acute spinal cord injuries; and (iii) VAC2, an allogeneic dendritic cell therapy produced from Lineage’s VAC technology platform for immuno-oncology and infectious disease, currently in Phase 1 clinical development for the treatment of non-small cell lung cancer. For more information, please visit www.lineagecell.com or follow the Company on Twitter @LineageCell.

Forward-Looking Statements

Lineage cautions you that all statements, other than statements of historical facts, contained in this press release, are forward-looking statements. Forward-looking statements, in some cases, can be identified by terms such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “design,” “intend,” “expect,” “could,” “can,” “plan,” “potential,” “predict,” “seek,” “should,” “would,” “contemplate,” project,” “target,” “tend to,” or the negative version of these words and similar expressions. Such statements include, but are not limited to, statements relating to the potential benefits of treatment with OpRegen in dry AMD patients with GA, the significance of clinical data reported to date, including the findings of retinal restoration, from the ongoing Phase 1/2a of OpRegen, and the potential for issuance of new patents relating to OpRegen. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Lineage’s actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements in this press release, including risks and uncertainties inherent in Lineage’s business and other risks in Lineage’s filings with the 
Securities and Exchange Commission (SEC). Lineage’s forward-looking statements are based upon its current expectations and involve assumptions that may never materialize or may prove to be incorrect. All forward-looking statements are expressly qualified in their entirety by these cautionary statements. Further information regarding these and other risks is included under the heading “Risk Factors” in Lineage’s periodic reports with the 
SEC, including Lineage’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the 
SEC and its other reports, which are available from the SEC’s website. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Lineage undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.

Lineage Cell Therapeutics, Inc. IR
Ioana C. Hone
(ir@lineagecell.com)
(442) 287-8963

Solebury Trout IR
Gitanjali Jain Ogawa
(Gogawa@soleburytrout.com)
(646) 378-2949

Russo Partners – Media Relations
Nic Johnson or  David Schull
Nic.johnson@russopartnersllc.com
David.schull@russopartnersllc.com
(212) 845-4242

Source: 
Lineage Cell Therapeutics, Inc.

Release – Garibaldi Mobilizes Exploration Crews


Garibaldi Mobilizes Exploration Crews

 

Vancouver, British Columbia, June 1, 2021 – Garibaldi Resources (TSXV: GGI) (the “Company” or “Garibaldi”) is pleased to announce that exploration personnel have been deployed to the Company’s camp at km 45 on the Eskay Creek road. The flagship E&L nickel-copper-cobalt massive sulphide project remains the primary focus, followed by volcanogenic-massive-sulphide (VMS) precious-metal targets within the Hazelton Group. Geophysical surveys over Nickel Mountain and the VMS prospective Palm Springs claims, are now underway.

The first stage includes two specialized airborne surveys. ZTEM, a deep penetrating electro-magnetic (EM) airborne sensor to track conductive high-grade E&L intrusions. SkyTEM, designed to identify structures with prospective stratigraphy for the discovery of Eskay Creek style VMS precious-metal mineralization. Data from both surveys will be processed rapidly to aid interpretation for exploration (See news release dated May 6, 2021).

Garibaldi’s planned diamond drill program will focus on extending the E&L mineralized gabbro along trend, for new massive sulphide discoveries. Beyond Nickel Mountain, crews will sample geophysical and geochemical VMS target areas over the remainder of Garibaldi’s claims for base and precious metals. This includes alteration zones and outcrops identified by World view3 satellite remote sensing. Significant VMS targets at various stages include the following prospects:

VMS Gold Targets

  • Casper, Four shallow diamond drill holes tested the quartz vein discovery in 2020, each hole intercepted gold mineralization. The polymetallic quartz vein with select channel sample assays of up to 249 g/t (8. oz) gold, is at low elevation, within 1.4 km from roads and hydroelectric facilities. The mineralized system’s strike length is over 500 meters and open along strike. (see news releases Feb.12, 2021, Nov.16, Sept.29, Sept.22, Feb 28, 2020)
  • Palm Springs, Previous work has identified VMS potential at Palm Springs, where a significant portion of the claims are mapped as Eskay Creek facies. The geochemical profile includes elevated arsenic, antimony, mercury, gold, zinc and copper, with realgar and orpiment within a major quartz breccia zone. The rhyolitic volcanics appear to be underlain by black siltstones and volcanoclastics. In addition, two separate geophysical VTEM anomalies one km apart makes this area a high priority VMS exploration target.
  • Triple Faults, The Harrymel-Unuk (H-U) fault is a dominant feature bisecting the Palm Springs claims. Exploration will focus along a projected 6 km wide VMS trend, extending 3km on either side of the H-U fault. A clastic sequence within 2 km of a large-scale fault is a key prospective feature observed by Kyba-Nelson of the B.C. Geological Survey in their 2015 Red-line paper on NW B.C. deposits. Coupled with new stratigraphic interpretation of the district, VMS target areas will undergo detailed evaluation programs.
  • Eskay North, The claims border the historic Eskay Creek mine which is 2,500 meters southwest from Garibaldi’s claim boundary. The high-grade Eskay Creek 21 zones strike northeast towards Eskay North which is covered by the Bowser Lake Group, of unknown thickness. Garibaldi’s ZTEM survey will provide deep penetration of the Bowser and search beneath for the projected Hazelton group which hosts the mineralization at the Eskay Creek Mine. (Minfile 104 B 008 Eskay Creek)

Battery Metals & Gold

Garibaldi’s 100% owned Eskay claim Group is 180 sq. kms of highly prospective claims, resulting from the consolidation of Nickel Mountain, Palm Springs and Eskay North in 2016. The battery-metal rich E&L magmatic nickel-copper-cobalt massive sulphide discovery is a high value proposition surrounded by a multitude of base and precious-metal outcrops of nickel-copper-zinc-gold-silver and platinum group metals. The escalating global green revolution will require all these metals to feed rising demand from new battery technology for electric vehicles.

While Garibaldi’s primary focus is the foundational E&L nickel-copper-cobalt massive sulphide project, the Company’s Eskay Claim Group is centered within the Eskay gold camp, encircled by numerous recent precious metal rich discoveries by neighboring operators. Advanced structural, stratigraphic and remote sensing interpretation of Eskay district geology indicates strong potential for VMS related Eskay Creek style mineralization on Garibaldi’s Palm Springs claim block to the north of Nickel Mountain. Garibaldi’s abundant VMS precious metals potential offers an added bonus to shareholders, as rising inflation pressures gold and silver prices higher.

Steve Regoci, Garibaldi CEO, stated: “We’re anxious to receive the ZTEM and SkyTEM survey results as we prepare for drilling. Our top priority is to explore deeper and along trend at E&L, but we also have large numbers of exciting new nickel-copper and VMS gold targets to explore as well.

The growing demand for critical metal sources required to drive the new green economy, and precious metals to protect against increasing inflation, was the compelling vision for our entire pipeline of district scale projects. The advancing Eskay claim group ranks high for potential to deliver new discoveries as metal prices trend higher.”

Qualified Person

Jeremy Hanson, P.Geo., VP Exploration Canada for the Company and a qualified person as defined by NI- 43-101, has supervised the preparation of and reviewed and approved of the disclosure of information in this news release.

 About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

Release – LAFC Sign Esports Entertainment Group as Its Esports Tournament Platform Provider in Multi-Year Deal

 


LAFC Sign Esports Entertainment Group as Its Esports Tournament Platform Provider in Multi-Year Deal

 

Newark, New Jersey–(Newsfile Corp. – June 1, 2021) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the “Company”) signed a multi-year partnership with the Los Angeles Football Club (“LAFC”) to be the Major League Soccer (“MLS”) franchise’s esports tournament provider. As part of the multi-year agreement, the Company will operate esports tournaments for LAFC utilizing its Esports Gaming League (“EGL”) platform.

“We are excited to further extend our reach into MLS through our partnership with LAFC,” said Grant Johnson, CEO of Esports Entertainment Group. “We are excited to add LAFC to our growing roster of top-tier professional sports organizations and look forward to helping the team strengthen connections and engagement with their growing fan base.”

As a proud partner of LAFC, Esports Entertainment Group will leverage player imagery within the Southern California market and will also work with LAFC players to create custom videos that will promote the tournaments and be featured in the team’s extensive ongoing digital marketing efforts spanning social, email, mobile, and online channels.

“MLS and our Club have been at the forefront of incorporating esports as a way of engaging and expanding our audience,” said Larry Freedman, LAFC’s Co-President and CBO. “Partnering with Esports Entertainment Group will provide us with the platform to deepen connections with our fans while driving new levels of engagement.”

“This is another great opportunity to promote esports while showcasing our brand to a large and engaged audience,” said Magnus Leppäniemi, EVP Esports at Esports Entertainment Group. “LAFC, like other top teams in the MLS, NFL, NHL, and more, recognize the quality of our robust platform and its ability to meet the demanding needs of large-scale deployments. We look forward to further expanding our foothold in this exciting high-profile segment in the months ahead.”

EGL enables live and online events and tournaments where gamers can compete and enjoy a wide range of content relating to esports and video games on a proprietary technology platform. Services include full turnkey esports events, live broadcast production, game launches, and online branded tournaments.

About Esports Entertainment Group

Esports Entertainment Group is a full stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Our mission is to help connect the world at large with the future of sports entertainment in unique and enriching ways that bring fans and gamers together. Esports Entertainment Group and its affiliates are well-poised to help fans and players to stay connected and involved with their favorite esports. From traditional sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide range of esports, and boots-on-the-ground LAN cafes, EEG has influence over the full-spectrum of esports and gaming at all levels. The Company maintains offices in New Jersey, the UK and Malta. For more information visit www.esportsentertainmentgroup.com.

About Los Angeles Football Club

The Los Angeles Football Club (LAFC) began play in 2018 and is the newest MLS soccer club serving the greater Los Angeles area. The 2019 Supporter’s Shield Champion, LAFC is dedicated to building a world-class soccer club that represents the diversity of Los Angeles and is committed to delivering an unrivaled experience for fans. LAFC’s ownership group is comprised of local leaders and innovators of industry with intellectual capital, financial prowess, operations expertise and success in the fields of entertainment, sports, technology and media. LAFC is invested in the world’s game and Los Angeles, constructing and developing the 22,000 seat Banc of California Stadium and a top-flight training center on the campus of Cal State Los Angeles. Visit LAFC.com for more information.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:

U.S. Investor Relations
RedChip Companies, Inc.
Dave Gentry
407-491-4498
dave@redchip.com

Media & Investor Relations Inquiries
Jeff@esportsentertainmentgroup.com

Release – Schwazze (SHWZ) – Announces Agreement to Acquire Southern Colorado Growers


Cannabis Growth Operator, Schwazze, Announces Agreement to Acquire Southern Colorado Growers

 

Acquisition will substantially increase Schwazze’s vertical integration and cultivation capabilities; provide major boost to wholesale supply of distillate to Colorado CPG manufacturers

DENVER, Colo., June 1, 2021 /PRNewswire/ – Schwazze, (OTCQX: SHWZ) (“Schwazze” or the “Company”), announced signed definitive documents to acquire the assets of Southern Colorado Growers (“SCG”) in Huerfano County, Colorado.  The proposed transaction includes 34 acres of land with outdoor cultivation capacity, as well as indoor, greenhouse, and hoop house cultivation facilities and equipment.  This planned purchase continues Schwazze’s expansion in Colorado and, is the company’s first major move into cultivation, which will provide high-end, premium cannabis directly to its Star Buds dispensaries and significant production of biomass for its PurpleBee’s extraction and manufacturing facility. PurpleBee’s is Colorado’s largest supplier of wholesale distillate for the CPG market, providing quality distillate to leading vaporizer, concentrates and edibles companies.

The consideration for the proposed acquisition is $6.8 million for the business and $4.5 million for the real estate and farm assets.  Total consideration of $11.3 million will be paid as $5.9 million of cash at closing and $5.4 million in Schwazze common stock at closing.

After closing, Schwazze has major expansion plans for SCG which includes the buildout of additional hoop house facilities over the next four quarters. SCG produces premium flower with approximately 30 strains and has won multiple Connoisseur Cup awards for select strains in 2020. 

“This is just the beginning of our foray into the cannabis cultivation space. We believe our partnership with a premier cannabis cultivator such as SCG will provide our customers with premium quality flower in all of our 17 Star Buds Colorado locations.  In addition, this acquisition will dramatically increase our capability to produce a significant amount of biomass for our Purplebee’s MIP which, in turn, benefits the entire cannabis industry throughout the state. As a result of this net add to our vertical integration, the acquisition of SCG is expected to provide a healthy positive margin impact for Schwazze,” said Justin Dye, Schwazze’s CEO.  

The acquisition is expected to close in Q3 2021, subject to closing conditions and covenants customary for this type of transaction, including, without limitation, obtaining MED and local licensing approval.

About Schwazze
Schwazze (OTCQX: SHWZ) is building the premier vertically integrated cannabis company in Colorado and plans to take its operating system to other states where it can develop a differentiated leadership position.  Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition.  Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector.  Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices.  Medicine Man Technologies, Inc. was Schwazze’s former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc.

Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.

Forward-Looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “plan,” “will,” “may,”, “predicts,” or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses and realize synergies therefrom, ({ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, and (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.

SOURCE Medicine Man Technologies, Inc.

Release – Onconova Therapeutics Announces The Appointment Of Mark Gelder, M.D., As Chief Medical Officer


Onconova Therapeutics Announces The Appointment Of Mark Gelder, M.D., As Chief Medical Officer

 

NEWTOWN, Pa., June 01, 2021 (GLOBE NEWSWIRE) —  Onconova Therapeutics, Inc. (NASDAQ: ONTX) (“Onconova”), a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer, today announced that Mark Gelder, M.D. will be joining Onconova as Chief Medical Officer (CMO), effective as of June 14, 2021.

“Mark’s extensive experience leading clinical oncology programs at all stages of development makes him an ideal fit for Onconova. He will add great depth to our management team,” said Steven M. Fruchtman, M.D., President and Chief Executive Officer of Onconova. “His wide ranging medical and scientific expertise, which notably covers the development of kinase inhibitors as cancer therapeutics, will be invaluable as we work to advance ON 123300’s clinical development, facilitate the progression of rigosertib’s investigator-initiated trials, and evaluate potential candidates for in-licensing. I am thrilled that Mark will be joining Onconova and eager to begin working together.”   

Dr. Gelder is an accomplished industry leader with more than 35 years of experience in clinical development, medical affairs, and medical marketing. He was most recently the CMO of Elevar Therapeutics, where he led the company’s clinical development, medical affairs, regulatory affairs, and preclinical teams. Prior to his time at Elevar, Dr. Gelder served as the CMO of Pierian Biosciences (formerly DiaTech Oncology), Accelovance, Inc., and Heron Therapeutics, Inc. Dr. Gelder also has extensive experience at large pharmaceutical companies, as he previously worked in global medical affairs and led therapeutic oncology programs for Pfizer, Wyeth, and Bayer. Dr. Gelder has led successful early- and late-stage global clinical trials and has been involved in the approval and launch of several cancer therapeutics. Prior to his career in the biopharmaceutical industry, Dr. Gelder was an investigator in multiple clinical trials and authored numerous scientific papers in the areas of women’s health and oncology. He earned his M.D. from the University of Virginia School of Medicine and completed a fellowship in gynecologic oncology. He is a Fellow of the American College of Physicians and the American College of Obstetrics and Gynecology.

Dr. Gelder commented, “The opportunity to serve as Onconova’s CMO is truly exciting, and I look forward to leading the continued development of the Company’s pipeline at this important time. ON 123300 is rapidly progressing through its two Phase 1 trials and the potential to bring a best-in-class novel agent to women with HR+ HER2- metastatic breast cancer and additional oncologic indications is a unique opportunity based on its mechanism of action to overcome CKD 4/6 resistance mechanisms. I am also highly impressed with rigosertib’s investigator-initiated program and am eager to apply my expertise towards the Company’s in-licensing strategy to expand its pipeline. I believe that my skill set and those of my new colleagues are highly complementary, which will serve us well as we seek to deliver new therapeutics to cancer patients in need.”

About Onconova Therapeutics, Inc.
Onconova Therapeutics is a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer. The Company has proprietary targeted anti-cancer agents designed to disrupt specific cellular pathways that are important for cancer cell proliferation.

Onconova’s novel, proprietary multi-kinase inhibitor ON 123300 is being evaluated in two separate and complementary Phase 1 dose-escalation and expansion studies. These trials are currently underway in the United States and China.

Onconova’s product candidate rigosertib is being studied in an investigator-initiated study program, including in a dose-escalation and expansion Phase 1 investigator-initiated study targeting patients with KRAS+ non-small cell lung cancer with oral rigosertib in combination with nivolumab. In addition, Onconova continues to conduct preclinical work investigating rigosertib in COVID-19.

For more information, please visit www.onconova.com.

Forward-Looking Statements
Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. These statements relate to Onconova’s expectations regarding the timing of commencement of employment, Onconova’s clinical development plans, and the mechanisms and indications for its product candidates. Onconova has attempted to identify forward-looking statements by terminology including “believes,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” “appoints,” “approximately” or other words that convey uncertainty of future events or outcomes. Although Onconova believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including the success and timing of Onconova’s clinical trials and regulatory agency and institutional review board approvals of protocols, the timing of the Company’s annual stockholder meeting, market conditions and those discussed under the heading “Risk Factors” in Onconova’s most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Any forward-looking statements contained in this release speak only as of its date. Onconova undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

Company Contact:
Avi Oler
Onconova Therapeutics, Inc.
267-759-3680
ir@onconova.us
https://www.onconova.com/contact/

Investor Contact:
Bruce Mackle
LifeSci Advisors, LLC
646-889-1200
bmackle@lifesciadvisors.com

Release – Palladium One Drills 48 Meters at 2.2 gt within 116 Meters at 1.2 gt Palladium Equivalent at Haukiaho Trend Finland


Palladium One Drills 48 Meters @ 2.2 g/t within 116 Meters @ 1.2 g/t Palladium Equivalent at Haukiaho Trend, Finland

 

June 1, 2021 – Toronto, Ontario – Final drill results from the Company’s 2,000-meter drill program at the Haukiaho Trend, a distinct zone approximately 20 kilometers south of the Company’s primary target area Kaukua South, have returned significant widths and grades, including 48 meters at 2.2 g/t Palladium-equivalent (“Pd_Eq”) with a wider 116 meters zone grading 1.2 g/t Pd_Eq (Hole LK21-074), on the Läntinen Koillismaa (“LK”) PGE-Ni-Cu project in Finland, said Palladium One Mining Inc. (“Palladium One” or the “Company”) (TSXV: PDM, FRA: 7N11, OTC: NKORF) today.

A total of 12 holes (1,943 metres) were drilled on the Haukiaho trend. This release contains the results from the final 5 holes of this program. The drilling was designed establish sufficient drill density to prepare a National Instrument 43-101 resource estimate at Haukiaho.

“The final batch of Haukiaho results is highly encouraging, not only has it filled in a key 200m gap in the historic resource drilling but also found average grades and widths above those of the historical resource estimate. These latest results also extended the core Haukiaho zone to the east and into a second large IP anomaly that was delineated in 2020. This extension indicates substantial near-term upside at Haukiaho.” Said Derrick Weyrauch, President and CEO.

Highlights

  • A 200m gap in the middle of the Haukiaho historic resource has been infilled and found to contain above average grades and widths (Figure 3.)
  • Holes LK21-077 and 078 located, 50 and 100 meters east of the historic resource indicate strong mineralization continues to the east in the Central Drill Target area (Figure 2.)
  • 116.0 meters grading 1.20 g/t Pd_Eq in hole LK21-074 starting 99 meters down hole
    • Including 48.5 meters grading 2.15 g/t Pd_Eq
    • Including 7.3 meters grading 3.09 g/t Pd_Eq
  • 70.3 meters grading 1.11 g/t Pd_Eq in hole LK21-075 starting 12 meters down hole
    • including 23.2 meters grading 1.84 g/t Pd_Eq
    • Including 4.5 meters grading 3.26 g/t Pd_Eq
  • 43.0 meters grading 1.27 g/t Pd_Eq in hole LK21-077 starting 5 meters down hole
    • including 14.5 meters grading 2.01 g/t Pd_Eq
  • 39.2 meters grading 1.63 g/t Pd_Eq in hole LK21-078 starting 144 meters down hole
    • including 11.6 meters grading 2.73 g/t Pd_Eq
  • The historic Haukiaho resource is shallowly drilled, mostly above 200m below surface and very amendable to open pit extraction methods.

Haukiaho Historic Resource Estimate

In the 1980’s, Outokumpu (a Finnish State-run mining company) prepared a resource estimate using very widely spaced holes along much of the Haukiaho trend, which estimated 7 million tonnes grading 0.38% Cu and 0.24% Ni, however importantly, no PGE assays were undertaken. The cut-off grade used was a 0.7% Copper_equivalent (defined as Cu% + 2 x Ni%).

Subsequently, in 2013, Finore Mining Inc. completed a non-pit constrained NI43-101 historic resource estimate, over a much smaller strike length. This resource encompassed widely spaced drilling with a focus on maximizing tonnage, not grade. Using a 0.1 g/t Pd cut-off, they estimated a resource of 1.13 million Pd_Eq ounces within 23.2 million tonnes grading 1.51 g/t Pd_Eq* (0.31 g/t Pd, 0.12g/t Pt, 0.10 g/t Au, 0.21% Cu, and 0.14% Ni) (See news release August 12, 2019 and May 7, 2020). For comparison purposes using recent spot prices the historic Haukiaho resource has a Pd_Eq** grade of 0.97g/t Pd or 1.37g/t Au_Eq** grade.

The Haukiaho trend is 17 kilometers long and the historic 2013 Haukiaho resource prepared by Finore only covers less than 2 kilometers of this trend. This knowledge coupled with the historic work by Outokumpu point to the enormous potential to significantly add resources at Haukiaho with disciplined execution of exploration activities.

While similar to the Kaukua deposit (See new release, September 30, 2019), the Haukiahio trend is more copper-nickel rich. At Kaukua, approximately ~1/3 of the in-situ value per tonne is copper-nickel, while at Haukiaho copper-nickel represent approximately ~2/3s of the in-situ value.

Figure 1. LK Project location map showing 43-101 compliant Kaukua deposit and historic Haukiaho resource along with 2020 IP grids (blue lines) and current 2021 IP grid areas (black boxes). Yellow lines represent Exploration Permits, red lines represent Exploration Reservations held by the Company.

Figure 2. Plan map of Haukiaho 2020 IP chargeability anomalies, drill target areas and 2020 & 2021 DDH locations.

Figure 3. Plan map of the Haukiaho historic 2013 Finore resource estimate represented by the 0.5g/t Pd_Eq shape with Palladium One drill holes labelled.

Figure 4. Haukiaho Cross section showing holes LK21-074, and 1960’s era Outokumpu hole R614 which was incompletely sampled and was not analysed for PGEs.

Table 1: Palladium One Haukiaho drill results

Hole From
(m)
To
(m)
Width
(m)
Pd_Eq
g/t*
Spot
Pd_Eq
g/t**
Spot
Au_Eq
g/t**
Pd
g/t
Pt
g/t
Au
g/t
Cu
%
Ni
%
LK20-008 17.3 33.5 16.2 1.99 1.25 1.78 0.38 0.15 0.14 0.26 0.20
Inc. 20.3 23.3 3.0 2.55 1.61 2.29 0.48 0.19 0.22 0.33 0.25
LK20-009 161.5 168.1 6.6 2.34 1.47 2.09 0.47 0.20 0.13 0.26 0.25
LK20-010 118.7 202.0 83.3 1.27 0.78 1.10 0.24 0.09 0.05 0.12 0.16
Inc. 166.8 201.0 34.3 2.09 1.33 1.89 0.47 0.20 0.10 0.20 0.22
Inc. 167.8 173.0 5.3 3.08 1.97 2.80 0.66 0.25 0.20 0.38 0.30
LK21-067 No Significant values (collared in footwall rocks)
LK21-068 81.5 122.0 40.6 0.65 0.35 0.50 0.05 0.02 0.02 0.04 0.11
Inc. 106.2 120.0 13.9 0.80 0.47 0.67 0.12 0.05 0.02 0.06 0.12
Inc. 106.2 112.7 6.6 0.91 0.54 0.76 0.13 0.05 0.03 0.09 0.13
LK21-069 48.5 64.1 15.7 2.26 1.44 2.05 0.47 0.18 0.18 0.27 0.22
Inc. 48.5 60.0 11.6 2.53 1.61 2.28 0.52 0.19 0.18 0.30 0.25
Inc. 48.5 52.0 3.6 3.11 1.96 2.78 0.60 0.22 0.23 0.37 0.32
LK21-070 103.5 131.0 27.5 0.65 0.33 0.47 0.01 0.00 0.02 0.04 0.12
Inc. 113.0 119.0 6.0 0.83 0.44 0.62 0.02 0.00 0.04 0.09 0.14
LK21-071 55.8 128.0 72.2 1.79 1.14 1.62 0.37 0.15 0.14 0.22 0.17
Inc. 72.0 77.0 5.0 2.33 1.50 2.14 0.53 0.21 0.18 0.27 0.22
Inc. 74.0 75.5 1.5 3.20 2.08 2.96 0.75 0.29 0.23 0.39 0.29
And 86.2 94.0 7.8 2.74 1.73 2.45 0.53 0.21 0.23 0.32 0.27
And 111.0 128.0 17.0 2.23 1.46 2.07 0.53 0.21 0.18 0.28 0.18
Inc. 112.5 118.0 5.5 2.84 1.85 2.62 0.64 0.25 0.23 0.36 0.25
LK21-072 No Significant values (ended before zone)
LK21-073 75.8 127.0 51.2 1.07 0.64 0.90 0.15 0.06 0.06 0.13 0.13
Inc. 90.0 113.1 23.1 1.51 0.94 1.33 0.25 0.10 0.10 0.21 0.16
Inc. 90.8 99.9 9.1 2.10 1.31 1.86 0.37 0.15 0.16 0.27 0.21
Inc. 98.0 99.0 1.0 3.21 2.04 2.90 0.61 0.27 0.29 0.47 0.28
LK21-074 99.0 215.0 116.0 1.20 0.75 1.06 0.23 0.09 0.07 0.14 0.13
Inc. 113.6 162.0 48.5 2.15 1.36 1.94 0.44 0.17 0.13 0.25 0.22
Inc. 115.8 137.7 21.9 2.50 1.57 2.24 0.49 0.19 0.18 0.30 0.25
Inc. 130.3 137.7 7.3 3.09 1.94 2.75 0.59 0.23 0.21 0.38 0.32
Inc. 130.3 132.3 1.9 4.66 2.89 4.11 0.86 0.34 0.33 0.50 0.51
LK21-075 11.7 82.0 70.3 1.11 0.66 0.94 0.15 0.06 0.06 0.13 0.14
Inc. 43.3 80.2 36.9 1.52 0.95 1.35 0.26 0.11 0.11 0.21 0.16
Inc. 43.3 66.5 23.2 1.84 1.15 1.63 0.32 0.13 0.14 0.25 0.18
Inc. 43.3 53.5 10.2 2.41 1.51 2.14 0.42 0.17 0.19 0.33 0.24
Inc. 49.0 53.5 4.5 3.26 2.05 2.92 0.61 0.24 0.26 0.44 0.32
Inc. 50.5 52.0 1.5 3.97 2.50 3.55 0.73 0.29 0.33 0.53 0.38
LK21-076 167.0 208.0 41.0 1.17 0.71 1.00 0.18 0.07 0.08 0.13 0.14
Inc. 184.3 200.0 15.7 2.16 1.36 1.93 0.40 0.15 0.20 0.28 0.21
Inc. 185.5 191.5 6.0 3.01 1.90 2.70 0.56 0.21 0.32 0.39 0.28
LK21-077 5.0 48.0 43.0 1.27 0.79 1.13 0.23 0.10 0.06 0.17 0.14
Inc. 9.5 44.0 34.5 1.39 0.87 1.24 0.25 0.11 0.07 0.19 0.15
Inc. 11.0 25.5 14.5 2.01 1.25 1.77 0.34 0.15 0.12 0.28 0.21
Inc. 19.4 21.0 1.6 3.13 1.95 2.77 0.55 0.26 0.20 0.42 0.32
LK21-078 123.9 183.0 59.1 1.30 0.78 1.11 0.20 0.08 0.09 0.14 0.16
Inc. 143.8 183.0 39.2 1.63 1.01 1.44 0.29 0.13 0.13 0.20 0.17
Inc. 143.8 155.5 11.6 2.73 1.71 2.43 0.52 0.22 0.17 0.33 0.28
Inc. 153.0 154.5 1.5 3.48 2.24 3.18 0.79 0.29 0.21 0.40 0.34

* Reported widths are “drilled widths” not true widths.
**Italicised orange highlighted results are previously released results see news release September 15, 2020 and May 26, 2021.

*Palladium Equivalent
Palladium equivalent is calculated using US$1,100 per ounce for palladium, US$950 per ounce for platinum, US$1,300 per ounce for gold, US$6,614 per tonne for copper, and US$15,4332 per tonne for nickel. This calculation is consistent with the calculation in the Company’s September 2019 NI 43-101 Kaukua resource estimate. Additionally, US$1,100 per ounce for palladium is consistent with the UBS January 2021 long-term consensus price forecast even though the current price of palladium is approximately US$3,000 per ounce.

**Spot Palladium and Gold Equivalent
Spot palladium and gold equivalents are calculated using recent spot prices for comparison purposes using US$2,700 per ounce for palladium, US$1,200 per ounce for platinum, US$1,900 per ounce for gold, US$10,141 per tonne for copper, and US$17,857 per tonne for nickel

QA/QC
The Phase I drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored indoors in a secure facility, in Taivalkoski, Finland. The drill core samples were transported by courier from the Company’s core handling facility in Taivalkoski, Finland, to ALS Global (“ALS”) laboratory in Outokumpu, Finland. ALS, is an accredited lab and are ISO compliant (ISO 9001:2008, ISO/IEC 17025:2005). PGE analysis was performed using a 30 grams fire assay with an ICP-MS or ICP-AES finish. Multi-element analyses, including copper and nickel were analysed by four acid digestion using 0.25 grams with an ICP-AES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance at the time of import. All standards associated with the results in this press release were determined to be acceptable within the defined limits of the standard used

Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About Palladium One
Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-copper nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladium dominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit resource.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact: Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release includes “forward-looking information” that is subject to a few assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding listing of the Company’s common shares on the TSXV are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions and general business conditions. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the Company’s annual information form dated April 29, 2020 and filed under the Company’s profile on SEDAR at www.sedar.com. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

Fear of Tapering May Set the Markets Tone for Summer


Image Credit: Forsaken Fotos (Flickr)


Stock Market Performance – Looking Forward and Looking Back

 

The stock market performance for June and July could hinge on a number of questions investors are considering right now. What they’d like to know is: Will inflation numbers continue to indicate an uptrend of the cost of goods and services? And, will the Fed continue a policy to keep interest rates steady in the face of what may be an economy stimulated to the point of demand-driven price increases?  

The first scheduled opportunity the markets will have this month to hear from the Fed and weigh each word is Friday, June 4.  Federal Reserve Chairman Jerome Powell is scheduled to speak at a global conference about central banks and climate change. The U.S. Fed’s mandate is specifically employment and inflation and has not concerned itself with environmental or political issues. Other central banks around the world have increasingly expanded their role to include the climate and environmental topics.  The slightest step for the U.S. central bank in that direction would indicate a significant departure from its stated role.

 

Look Back

Two of the three broader stock market indices, (S&P 500, Nasdaq 100, and Russell 2000) were positive during May. The S&P 500 gained .88%, the Russell 2000 was up 1.21% and Nasdaq 100 lost 1.62% of its value. When annualized, the S&P 500 and Russell 2000 are both at a pace above the historical average annual return of the market. After 2020, some equity investors may have become velocitized with the pace and climb experienced after the initial March selloff. Those investors may find this above-average pace still disappointing. The Nasdaq 100 “breather” during May, could also concern some – others understand that slower growth is healthier and more sustainable.

 

 

Viewing the indices from the longer six-month perspective, all three are well above their historical average pace. The top performer is the Russell 2000 small-cap stock index. Over the six months, this measure of smaller companies increased by 22.92%. The S&P 500 which measures a broad base of large-cap companies was up 15.28% for the half-year period. And the Nasdaq 100 which was the overall outperformer for much of 2020 lagged the other two indices with a still-respectable 11.41% increase.

Further segmenting the better performing (6-months) Russell 2000 small-cap index, the better performing small-cap stocks was small-cap value (IWN) which returned 33.77%. Small-cap growth (which was down modestly in May) has returned 12.88% over six months.

 

Hottest Market Sectors

Over the measured six months (December – May), the industry sectors have rotated positions from late 2020. Energy, which had been beaten up and left for dead through much of last year, rose 37.42%. Financials are benefitting from expectations of a steepening yield curve and a large supply of cash in the system. Financials are up 34.75.% in just six months’ time. Materials are up 22.81% as plans for infrastructure projects are being put in place with mega budgets behind them. Communications companies turned in 20.46% for the period. Health care is up 13.80% and materials 3.61%. Utility stocks that are popular for their dividend payments are up by only 3.83%, as higher interest rates would provide alternatives for income/dividend investors.

 

 

Take-Away

The word investors are going to be attuned to most in June and through the Summer months is “Taper.” Some voting and non-voting members have used the “T” word in various speeches recently, and it appeared as a discussion item in minutes from the last FOMC meeting. Notching up rates at any time this year would happen well in advance of the expectations the Fed set for the markets through last year.

With this, the most intense volatility could surround the afternoon of June 16 when the FOMC wraps up its two-day June meeting, and Fed Chair Powell will address reporters. While Powell speaking always gets the market’s attention, minutes from the April FOMC meeting suggested the Fed may begin to taper if the economy continues to make great growth strides. He’ll be expected to explain how the Fed defines that growth.

Other dates worth noting include Thursday, June 10, when CPI will be reported by the BLS, and each Thursday’s unemployment report, then Consumer Confidence on June 29.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading

Inflation’s Impact on Stocks – Four Scenarios

The Sustainability of Growing Margin Debt



What Stocks do You Buy When the Dollar Goes Down?

Managing Investment Portfolio Risk

 

Sources:

https://www.wsj.com/articles/central-banks-jump-into-climate-change-policy-fray-11621166402?mod=article_inline

https://www.newyorkfed.org/research/calendars/nationalecon_cal.html

 

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Release – Great Bear Strengthens Management Team and Provides Update on Regional Projects


Great Bear Strengthens Management Team and Provides Update on Regional Projects

 

May 31, 2021 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBAF) today announced key management appointments.  The Company concurrently announces the departures of Mr. Robert Scott, Chief Financial Officer; Mr. Jeff Dare, Corporate Secretary; and Mr. Tony Ricci, who, after serving for more than 10 years, will be retiring from the Board of Directors and is not standing for re-election at the upcoming Annual General Meeting on June 29th.  In addition, the Company announces the acceleration of option payments on three of its regional projects, completing the required earn-ins.  All regional Red Lake area projects are now 100% owned by Great Bear.

“I would like to sincerely thank Mr. Scott, Mr. Dare, and Mr. Ricci for their significant contributions over the past number of years to Great Bear.  Each of them was instrumental to the success of the Company and I look forward to following their ongoing contributions within our industry,” said Chis Taylor, President and CEO of Great Bear.  “The management appointments we are making today significantly enhance our team’s skillset and will be key to Great Bear’s future success as we continue to advance our flagship Dixie Project.”

Management Appointments

Calum Morrison, Vice President, Business Development & Chief Financial Officer

Calum Morrison has been leading Corporate Development at Great Bear since 2019, a period in which the Company has experienced exceptional growth. In addition to his Corporate and Business Development responsibilities, Mr. Morrison has been appointed Chief Financial Officer with an effective date of May 26th.  Mr. Morrison has over 15 years of experience in the mining industry, having worked in corporate development, investment banking, and accounting roles. Mr. Morrison is a Chartered Professional Accountant (CPA, CA), and a Chartered Financial Analyst (CFA) and holds a B.Sc. degree in Environmental Science from Dalhousie University.

Andrea DiakowVice President, Projects

Andrea Diakow has been a key contributor to Great Bear’s exploration success at the Dixie Project since 2017.  Ms. Diakow is a professional geologist with over 15 years of experience working in the mineral exploration industry on diverse precious and base metal projects ranging from grassroots to feasibility stage. Her experience includes over 6 years of gold exploration in the Red Lake district.  Employing her strong technical background and diverse experience, Mrs. Diakow manages Great Bear’s exploration program, including QA/QC practices, and directs the various advanced exploration studies that are currently being undertaken at Dixie.  Ms. Diakow holds a B.Sc. degree in Geology from the University of Calgary and is a P.Geo.

Jenni PietteDirector, Sustainability and Stakeholder Relations

Jenni Piette has over 10 years of experience in mining investor relations and corporate communications. Most recently, Ms. Piette served as Head of Investor Relations at GT Gold, where she managed the investor relations strategy in addition to community and stakeholder consultation.  Prior to joining GT Gold, she served as Manager of Investor Relations at Teranga Gold Corporation through 2018 and at Richmont Mines, until the sale of the company to Alamos Gold in November 2017.  Ms. Piette began her career in investor relations at Detour Gold Corporation in 2012, prior to which she served as a contracted mining and earth science outreach educator for PDAC Mining Matters.  Ms. Piette holds a B.Sc. with Distinction in Geology/Ecology from Concordia University and is a Certified Professional in Investor Relations under CIRI/Ivey School of Business.

Darryl BoydDirector, Environment

Darryl Boyd has been employed in the mining sector for 24 years, holding roles related to planning, permitting, and developing projects in Ontario from early exploration to commercial production.  Mr. Boyd has managed baseline studies, engineering designs, permitting, community engagement, energy supply, land tenure and a variety of operational duties related to environmental management.  Examples of his significant project experience includes: The McCreedy Mine (FNX Mining), Timmins West (Lakeshore Gold), Lac Des Iles Mine (North American Palladium), Lockerby Mine (First Nickel), and the Sugar Zone Mine (Harte Gold).  Mr. Boyd holds a B.Sc. degree in Environmental Science from the University of Guelph and a Certificate in Environmental Assessment from Lakehead University.

Cori ComptonCorporate Secretary

Ms. Compton has over 20 years of corporate secretarial, corporate governance and securities regulatory experience, 10 of which are specifically with public companies in the mining industry.  Ms. Compton has performed the Corporate Secretary function for a number of publicly listed companies, including Pan American Silver, Silver Standard Resources (now SSR Mining), Wildcat Silver (predecessor to Arizona Mining), and Ventana Gold Corp.  Ms. Compton is a member of both the BC Paralegal Association and the Canadian Society of Corporate Secretaries.

Update on Regional Properties

The Company is also pleased to announce that it recently paid an aggregate of $180,000 to accelerate its earn-ins for its regional Red Lake projects (Pakwash, Sobel, and Red Lake North), and also gave notice of its intention to terminate its option on the Dedee Property.

Great Bear now holds a 100% interest in it’s Red Lake Properties (Dixie, Pakwash, Sobel and Red Lake North), totalling 200 km2 of prospective mineral claims.  At this time, there are no changes to the previously announced 2021 exploration budget, which is majority focused on a multi-rig drill program at its flagship Dixie Project, but also includes field investigations and target definition at all regional properties.

June 7th Webinar

The Company reminds interested shareholders that a webinar will take place on Monday, June 7th at 11:00 am PDT / 2:00 pm EDT. Management will be available to answer questions following the presentation. Online registration and participation details may be found at the following link:

https://us02web.zoom.us/webinar/register/WN_MJNWX5GERvKjZ63Jh89n_Q

For those unable to participate, a recording of the webinar will be posted to the Company’s web site following the live broadcast.

About Great Bear

Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration.  Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 200 km2 of highly prospective tenure across four projects: the flagship Dixie Project (100% owned), the Pakwash Property (100% owned), the, the Sobel Property (100% owned), and the Red Lake North Property (100% owned) all of which are accessible year-round through existing roads.

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris Taylor, President and CEO

Investor Inquiries:
Mr. Knox Henderson
Tel: 604-646-8354
Direct: 604-551-2360
info@greatbearresources.ca
www.greatbearresources.ca

Cautionary note regarding forward-looking statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.