Avivagen Inc. (VIVXF)(VIV:CA) – Reports 3Q21 Results; Pipeline Remains Strong

Thursday, September 30, 2021

Avivagen Inc. (VIVXF)(VIV:CA)
Reports 3Q21 Results; Pipeline Remains Strong

Avivagen Inc is a Canadian based company operating in the healthcare sector. It develops science-based, natural health products for animals. It develops and commercializes products for livestock feeds to replace antibiotics for growth promotion and to help prevent disease by supporting the animal’s own health defenses. Its product range includes OxC-beta, Vivamune health chews, Oximunol chewable tablets, and Carotenoid Oxidation products.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

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

    3Q21 Results. Avivagen reported revenue of $505,866 in the quarter, down from $612,530 last year. We had estimated revenue of $1.0 million. The majority of the miss comes from a 3.5 million tonne order shipped in the quarter for which the revenue has yet to be recognized. We estimate the delayed revenue to be in the $375,000 range. Net loss for the quarter was $1.5 million, or $0.03 per share versus a net loss of $787,424, or $0.02 per share, in 3Q20. We had forecast a net loss of $1.1 million, or $0.02 per share.

    Pipeline.  The pipeline continues to expand, with management calling it “the strongest pipeline in Avivagen history. During the quarter, the Company secured a new customer win in Western Mexico, recorded its first order from Brazil and secured the first order with a major swine and poultry producer in Thailand. We expect OxC-beta to further penetrate the livestock feed market …



This Company Sponsored 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. 

The College Equity Research Contest that Awards Up to $7,500 to Winning Student(s) and $5,000 to School


The College Equity Research Contest that Awards Up to $7,500 to Winning Student(s) and $5,000 to School

 

Boca Raton, Fl. November 1, 2021, Noble Capital Markets today announced the launch of its third annual Channelchek College Challenge. The equity research report contest is designed to encourage college students to explore the field of equity research and analysis. The prize package includes cash for both winning student(s) and the winner’s school, a paid internship with Noble Capital Markets, an award ceremony that will be recorded and played on the Nasdaq tower in New York, and more.

Participants are asked to prepare a “Wall Street-style” equity research report on one of the more than 6,000 public small and microcap companies found on channelchek.vercel.app. Channelchek is an investor resource featuring news and commentaries, equity research, live and recorded management discussions, company and stock market data, plus exclusive reports on select industries.

The student(s) that register for this year’s College Challenge will be competing for up to $7,500 paid to them; their college will receive an additional $5,000. The student(s) will also be offered a paid internship with Noble Capital Markets. The planned award ceremony this year will be online as possible restrictions on travel to South Florida still threaten and can’t be known looking out as far as early 2022. However, a video of the award presentation ceremony will be produced and featured on the NASDAQ Tower in New York City’s Times Square.

The College Challenge has been made possible with the support of the following sponsors: Channelchek, Salem Media Group, Kelly Services, NASDAQ, The College Investor, and E.W. Scripps, known for its National Spelling Bee. Contact Channelchek for information on sponsorship opportunities for the third College Challenge.

Mike Kupinski, Noble’s Director of Research, was active in providing guidance and judging last year’s College Challenge; he stated, “It’s exciting to be involved in this competition’s third year. Last year the students clearly took the competition seriously with reports that were well written, with thorough analysis. The winners, Melissa Mueller and Benjamin Trussel from the University of Tennessee are examples of the high level of talent present within the college community today.” Looking toward this year’s College Challenge, Kupinski said, “I hope that the competition will incent more students to be inspired to seek careers in equity research, as well as the financial industry.”

Registration Infohttps://www.channelchekcollegechallenge.com

Contest Guidelines:

The Challenge is open to students without restrictions relating to age or academic specialization who are registered at an institute of higher learning anywhere in the United States. Entries will be judged by senior equity analysts at Noble Capital Markets.

A complete list of rules are available at 
College
Challenge Rules
. Students planning to compete should be aware there will be regular emailed tips and two informational session webinars for those registered. The information session registration links will be sent to those already registered to take part in the contest. Students interested are encouraged to register early.

About Noble Capital Markets, Inc.

Noble Capital Markets (“Noble”) is a research-driven boutique investment bank that has supported small & microcap companies since 1984. As a FINRA and SEC licensed broker dealer Noble provides institutional-quality equity research, merchant and investment banking, wealth management, and order execution services. In 2005, Noble established NobleCon, an investor conference that has grown substantially over the last decade. Noble launched Channelchek – a new investment community dedicated exclusively to small and micro-cap companies and their industries in 2018. 
Channelchek is tailored to meet the needs of self-directed investors and financial professionals. Channelchek is the first service to offer institutional-quality research to the public, for FREE at every level without a subscription. More than 6,000 public emerging growth companies are listed on the site, with growing content including research, webcasts, podcasts, and balanced news.

For all inquiries contact: College Challenge

Great Lakes Announces Partnership with Project Vesta


Great Lakes Announces Partnership with Project Vesta

 

HOUSTON, Sept. 29, 2021 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes”) (NASDAQ: GLDD), the largest provider of dredging services in the United States announced today a first-of-its-kind partnership with Project Vesta, a clean technology pioneer developing a new way to use sand to remove excess carbon dioxide from the atmosphere.

“We are committed to robustly furthering the science of Coastal Carbon Capture,” said Tom Green, CEO of Project Vesta. “Our partnership with Great Lakes will enable us to accelerate our research and help coastal communities fight both the cause and symptoms of climate change.”

Known as “Coastal Carbon Capture”, Project Vesta’s method accelerates the earth’s natural carbon removal process by using a natural rock turned into carbon-removing sand. According to a report by the National Academy of Sciences, this technique has the potential to remove billions of tons of carbon dioxide from the atmosphere and reduce ocean acidification. Its newly discovered potential has been heralded by universities and major scientific institutions, and has been highlighted in The New York Times, The Guardian, Popular Science and The Atlantic.

 “This partnership will help make Great Lakes a more effective participant in the effort to address coastal erosion and climate change impacts,” said Great Lakes’ Senior Vice President Bill Hanson. “We are proud to raise the bar on climate-change fighting technologies, and invite others in the coastal resilience industry to join this important cause.” 

Great Lakes is the first member of the global dredging industry to announce participation in Project Vesta’s initiative and represents a bold new sustainability approach. The two organizations will pursue joint research goals and develop new methods for the safe, effective use of coastal carbon capture.

The Company

Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States. In addition, the Company has a long history of performing significant international projects. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. In its over 131-year history, the Company has never failed to complete a marine project. Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprising over 200 specialized vessels. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. The Company’s Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the Company’s culture. The Company’s commitment to the IIF® culture promotes a work environment where employee safety is paramount.

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking” statements as defined in Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”), the Private Securities Litigation Reform Act of 1995 (the “PSLRA”) or in releases made by the Securities and Exchange Commission (the “SEC”), all as may be amended from time to time. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Great Lakes and its subsidiaries, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements that are not historical fact are forward-looking statements. These cautionary statements are being made pursuant to the Exchange Act and the PSLRA with the intention of obtaining the benefits of the “safe harbor” provisions of such laws. Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future events.

Although Great Lakes believes that its plans, intentions and expectations reflected in this press release are reasonable, actual events could differ materially. The forward-looking statements contained in this press release are made only as of the date hereof and Great Lakes does not have or undertake any obligation to update or revise any forward-looking statements whether as a result of new information, subsequent events or otherwise, unless otherwise required by law.

For further information contact:
Tina Baginskis
Director, Investor Relations
630-574-3024

Jerry Nadler Wants MORE for Marijuana Industry


Image Credit: Thomas Hawk (Flickr)

How a Marijuana Bill Becomes a Law – What’s in the MORE Act

 

The Marijuana Opportunity, Reinvestment and Expungement (MORE) Act took a significant procedural step forward. The MORE Act was taken up by the House Judiciary Committee, which is chaired by the bill’s sponsor, Rep. Jerry Nadler from NY. Nadler is expected to be presiding over a full Committee markup of the bill on September 30.

What’s a Markup of a Bill?

A committee markup is the key formal step a committee ultimately takes for the bill to advance to the House floor. The committee chair chooses the proposal that will be placed before the committee for markup. At the public meeting, members of the committee consider improvements or changes to the proposal by offering and voting on adding amendments.

When the committee agrees, by majority vote, to report the bill to the chamber, the markup process ends. Committees rarely hold a markup unless the proposal in question is expected to receive majority support when voted on.

What’s in MORE

The overriding goal of the MORE Act is to federally deschedule cannabis (federal criminal status) and expunge the records of those with previous marijuana convictions. However, it is comprehensive and seeks to also accomplish the following:

  • Impose a 5% tax on cannabis products and require revenues to be deposited into a trust fund.
  • Provide the path to remove low-level, federal marijuana convictions, and incentivize states and local governments to follow.
  • Create paths of opportunity for business participation in an emerging less regulated cannabis industry.  Provide entrepreneurs opportunities previously unavailable by prohibition through the Small Business Administration grant eligibility.
  • Allow veterans, for the first time, to obtain medical cannabis recommendations from their VA doctors in states that have an established medical cannabis program.
  • Protect and respect the basic rights and civil liberties of cannabis consumers under federal law when it comes to public benefits.
  • Remove the threat of deportation for immigrants accused of minor marijuana infractions or who are gainfully employed in a state-legal cannabis industry.
  • Provide critical reinvestment grant opportunities for communities that have suffered disproportionate rates of marijuana-related enforcement actions.
  • Require the Bureau of Labor Statistics to regularly publish demographic data on cannabis business owners and employees.

Despite many competing priorities, Marijuana legalization seems to have regained its impetus on Capitol Hill. The Marijuana Opportunity, Reinvestment and Expungement (MORE) Act may be the beginning of what cannabis investors in all areas of this broad category have been waiting for. Federal laws have been an anchor on growth.

 

More on MORE

Yesterday’s markup comes one week after the House voted in favor of a Pentagon budget appropriations bill that includes an amendment that would shield banks that service state-legal marijuana businesses from being penalized by federal regulators.

Only ten years ago, zero states allowed marijuana for recreational use. Currently, 18 states and Washington, DC, have legalized recreational marijuana. Medical cannabis use is now permitted in 36 states and four territories. In the 2020 general election, marijuana legalization appeared on the ballot in conservative-leaning states: Alaska, Montana, North Dakota, and South Dakota. Legalization won in three of them, losing only in North Dakota. In recent years cannabinoid products (CBD) can be found on store shelves in supermarkets in many states. In a country divided into economic, philosophical, and ideological groups, the full legalization of marijuana enjoys support across many lines. Two-thirds of Americans currently favor legalization (83% of Democrats, 72% of Independents, and 48% of Republicans).

The mainstreaming of marijuana, both medical and recreational, has accelerating momentum.  It impacts business interests from agriculture to medicine, real estate, retail and online sales, etc. For those reasons, investors pay close attention to the current movement on the federal legalization front, but on a more micro level, they assess which sectors of the news industry will be impacted the most.

Marijuana-related businesses are in their infancy and seem to be headed for a growth spurt. Channelchek helps investors dig through the numbers, news, and strengths of many small and microcap businesses. We provide research on a growing list in the arena. If you don’t find your ticker available at Channelchek Company Data contact us, we’ll work to add it. Also, register to get regular updates on this and other potentially high-growth sectors.

 

Paul Hoffman

Managing Editor, Channelchek

Suggested Reading:



Federal Law Questions Still Loom for the Cannabis Industry



The Future of Cannabis Crosses Many Industries





Apple’s Marijuana Decision Will Lead to Many Critical Decisions for Investors



The Synergistic Effects of Crypto on Cannabis Businesses

 

Sources:

https://www.congress.gov/legislative-process/committee-consideration

https://www.congress.gov/search?q=%7B%22congress%22%3A%5B%22117%22%5D%2C%22source%22%3A%22all%22%2C%22search%22%3A%22marijuana%22%7D

https://www.jdsupra.com/legalnews/window-on-washington-vol-5-issue-39-3685103/

https://www.investingdaily.com/68090/military-says-yes-to-pot-and-psychedelics/

https://www.jdsupra.com/legalnews/window-on-washington-vol-5-issue-39-3685103/

 

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QuickChek – September 30, 2021



Promising New Opregen® Clinical Data Featured At 54th Annual Retina Society Meeting In Podium Presentation By Christopher D. Riemann, M.D.

Lineage Cell Therapeutics announced that updated interim results from a Phase 1/2a clinical study of its lead product candidate, OpRegen®, were featured in a podium presentation at the 54th Annual Scientific Meeting of the Retina Society.

Research, News & Market Data on Lineage Cell Therapeutics

Watch recent presentation from Lineage Cell Therapeutics



EEG’s iGaming Division Hits New Revenue Record, SportNation Nominated for Award

Esports Entertainment Group announced the company and their SportNation.bet business has been nominated for eGaming Review’s Marketing Campaign of the Year Award

Research, News & Market Data on EEG

Watch recent presentation from EEG



Orion Group Holdings, Inc. Announces Contract Awards of Nearly $200 Million

Orion Group Holdings announced two contract awards for its Marine segment totaling nearly $200 million

See today’s research report from Poe Fratt, Senior Research Analyst at Noble Capital Markets

Research, News & Market Data on Orion Group Holdings

Watch recent presentation from Orion Group Holdings



Great Lakes Announces Partnership with Project Vesta

Great Lakes Dredge & Dock announced a first-of-its-kind partnership with Project Vesta, a clean technology pioneer developing a new way to use sand to remove excess carbon dioxide from the atmosphere

See today’s research report from Poe Fratt, Senior Research Analyst at Noble Capital Markets

Research, News & Market Data on Great Lakes

Watch recent presentation from Great Lakes



Sierra Metals Announces Filing of Updated NI 43-101 Technical Report

Sierra Metals announced it has filed an updated independent technical report prepared in accordance with National Instrument 43-101 on the Bolivar Mine in Mexico

Research, News & Market Data on Sierra Metals

Watch recent presentation from Sierra Metals



CanAlaska Identifies New Targets at Kingston Uranium Project

CanAlaska Uranium announced that compilation work on the Company’s newly acquired Kingston Project has identified several new uranium targets

Research, News & Market Data on CanAlaska

Watch recent presentation from CanAlaska

 

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Digital Currency Report from the Fed is Past Due


About the Central Bank Digital Currency Position Report, That’s Late

 

The U.S. Federal Reserve Board is expected to release a nail-biter of a report stating their position on potentially adopting a digital dollar. The cryptocurrency would have the same backing and perqs of $US Dollars. The Fed expressed last summer that it had partnered with the Massachusetts Institute of Technology to “understand the opportunities and limitations” of a Central Bank Digital Currency (CBDC). It was announced the project was to release its findings in late summer 2021. It is now early Fall 2021, the markets have not yet gotten the expected big announcement. However, Fed Chair Powell may have shown his hand on Tuesday.

Speaking before the Senate Banking Committee Tuesday (Sept. 28), Powell said that while existing laws governing the Fed’s activities could serve as a basis for issuing a digitized version of the U.S. dollar, he expressed a preference for working on a legislation-backed push instead. This was in response to a question from Senator Pat Toomey of Pennsylvania. He further set expectations for the past-due board’s report, saying the Fed had made no decision on a CBDC. The paper will instead tackle some of the related public policy issues and set the stage for the central bank to gather feedback from lawmakers and the public.

Although the paper, when released, will not be definitive, it seems it will set the Fed’s stance regarding pros, cons, and how-tos. As with most Fed position papers, it may “define” in unclear language that will be studied carefully by those active in markets that could be impacted. The current direction, based on Chairman Powell’s answer is that the Fed expects a seat at the table but would like Congress to hand down any definitive action.

 

 

Foreign Central Banks

We live in a world that has become very small, so what happens in one major market impacts another. Although Europe’s potential adoption of a digital euro, or China, which is looking to creates a digital yuan would impact the U.S., an actual dollar valued like cash may be years away. Some believe the potential for dramatically disrupting the global financial balance is too great, while others worry the United States will cede dominance of the global financial system if it does not digitize the dollar, which is used as the global reserve currency. Of special concern, is China’s digital
yuan pilot
project, which is believed to be far ahead of the United States and its biggest economic rival.

Other Decision Maker Positions

Fed Governor Lael Brainard is on record saying she finds it inconceivable that the United States would not pursue a digital dollar when competing economies were forging ahead with CBDCs. “That just doesn’t sound like a sustainable future,” she said in July.

Fed Governors Christopher Waller and Randal Quarles have argued many dollar transactions are now digital and that the costs of a CBDC could far outweigh any benefit. Staff within the Fed are also said to be divided on the issue.

On Capitol Hill, some see a CBDC as the door opener that makes financial services accessible and affordable for millions of Americans that are currently ignored by the mainstream banking system. At the same time, others express concerns over privacy and security.

For those focused on what it would mean for wholesale and merchant banking, CBDCs could come into existence strictly for wholesale use. This could speed up processes and lower the cost of cross-border payments between parties.  Individually, a retail digital dollar could be used by the general public, expanding Americans’ access to a range of financial services.

Take-Away

If the Fed’s original intent of sending out a position paper on a CBDC in late Summer was to set the course toward or away from its adoption, they seem to have backed off. Some things take longer than expected, and with big decisions, discoveries are often found that would impact any final release. The paper when released, will be combed through for nuances decision untold. If we are to believe Chairman Powell’s answer last Tuesday, the Fed Chair who is up for reappointment, would prefer to have input in the decision but not be the decider.

 

Suggested Reading:



What’s the Timeline for a US Digital Dollar?



The Federal Reserve and MIT are Experimenting with Digital Currency





Is Coinbase Planning to “School” the SEC on Cryptocurrencies?



Severe Punishment for All Things Crypto in China -Who’s Impacted?

 

Sources:

https://www.youtube.com/watch?v=KX1aPj1MJNQ

https://www.cnbc.com/2021/09/22/the-fed-is-evaluating-whether-to-launch-a-digital-currency-and-in-what-form-powell-says.html

Analysis: U.S. Fed navigates policy minefield with impending
digital dollar report | Reuters

 

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Promising New Opregen® Clinical Data Featured At 54th Annual Retina Society Meeting In Podium Presentation By Christopher D. Riemann, M.D.


Promising New Opregen® Clinical Data Featured At 54th Annual Retina Society Meeting In Podium Presentation By Christopher D. Riemann, M.D.

 

Statistically Significant Evidence of a Treatment Effect with OpRegen Observed in Cohort 4 Patients

CARLSBAD, Calif.–(BUSINESS WIRE)–Sep. 30, 2021– 

Lineage Cell Therapeutics, Inc.
 (NYSE American and TASE: LCTX), a clinical-stage biotechnology company developing allogeneic cell therapies for unmet medical needs, reported today that updated interim results from a Phase 1/2a clinical study of its lead product candidate, OpRegen®, an investigational retinal pigment epithelium cell transplant therapy currently in development for the treatment of dry age-related macular degeneration (AMD), were featured in a podium presentation at the 54th Annual Scientific Meeting of the Retina Society. The presentation, “Phase 1/2a Clinical Trial of Transplanted Allogeneic Retinal Pigmented Epithelium (RPE, OpRegen) Cells in Advanced Dry Age-Related Macular Degeneration (AMD): Interim Results, was presented by 
Christopher D. Riemann , M.D., Vitreoretinal Surgeon and Fellowship Director, 

Cincinnati Eye Institute
 (CEI) and 
University of Cincinnati School of Medicine.

Patients enrolled into the clinical study all had bilateral, advanced, atrophic AMD. OpRegen was transplanted into the subretinal space, near or across the area of geographic atrophy (GA) of their worse seeing eyes, and the patients were routinely followed as scheduled per protocol. Data presented today showed that as patients continued to progress into post-operative follow-up, eyes receiving OpRegen trended toward improvement in visual acuity, a secondary objective under the study, while their untreated eyes typically lost visual acuity, as expected with this progressive disease. As additional patients have reached longer periods post-treatment, differences in visual acuity between treated and untreated eyes across Cohort 4 patients became statistically significant beginning at month 9 (P = 0.0085), as well as months 12 (P = 0.0220) and 15 (P = 0.0273) as determined via 2-sided Wilcoxon Signed Rank (using 
NCSS, LLC statistical software). These results, when combined with the previously reported data from detailed analyses of multimodal imaging, including optical coherence tomography (OCT), which showed evidence of retinal restoration in areas previously considered to be atrophic, suggest that both a structural and functional benefit is possible with OpRegen therapy. Additionally, OpRegen continues to be well tolerated and there have been no new, unexpected ocular or systemic adverse events or serious adverse events.

“This is an exciting time for the OpRegen program, the participating investigative sites, and for patients suffering from dry AMD. The efficacy findings presented today are both statistically significant as well as clinically important,” stated  Christopher D. Riemann, M.D. “Prior clinical data readouts were mostly descriptive and lacked enough patients and post-treatment follow-up to allow for detailed statistical analyses. A significant number of better vision Cohort 4 patients are now 9, 12, and even 15 months post-treatment with OpRegen. As a result, we were able to analyze the available results to ascertain if a detectable efficacy signal could be observed in a relatively small number of patients. Though this early phase trial is open label, non-randomized and not placebo controlled, the significant differences in visual acuity of patients’ OpRegen treated eyes compared to their fellow, untreated eyes over time is very important. Though larger, controlled studies are needed, OpRegen is a potentially transformational therapy for these patients without any approved treatment options. These results strongly support further late-stage development, and we are eager to begin those studies.”

“As more patients in the OpRegen trial reach clinically relevant observation periods, our data set grows larger and permits us to conduct additional analyses like the one reported today. These new data support our view that our cell transplant approach can deliver not only anatomical changes detectable by imaging studies, but also durable functional benefits to visual acuity,” stated  Brian M. Culley, Lineage CEO. “OpRegen already is well-positioned among product candidates in development for dry AMD as the only one that has demonstrated an ability to halt or reverse the expansion of geographic atrophy and we are additionally reporting statistically significant differences in visual acuity over time between treated and untreated eyes in our intended patient population. We are excited to continue developing OpRegen as a potential treatment for dry AMD with GA.”

Dr. Riemann’s presentation will be available on the Events and Presentations section of Lineage’s website.

The 
Retina Society was founded in 1968 exclusively for educational and scientific purposes concerning the diagnosis, care and treatment of diseases and injuries to the retina. For more information on the 
Retina Society or its annual scientific meeting, please visit https://www.retinasociety.org/ or follow the association on Twitter @RetinaSociety.

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 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 has been well tolerated to date and there have been no new, unexpected ocular or systemic adverse events or serious adverse events that have not been previously reported. 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 (FDA), 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 from the ongoing Phase 1/2a study of OpRegen, including the findings of retinal tissue restoration, Lineage’s plans to meet with the FDA to discuss OpRegen’s clinical development, the potential utilization of OCT imaging to measure efficacy in a pivotal clinical trial of OpRegen for the treatment of dry AMD with GA, and the potential for Lineage’s investigational allogeneic cell therapies to provide safe and effective treatment for multiple, diverse serious or life threatening conditions. 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
Mike Biega
(Mbiega@soleburytrout.com)
(617) 221-9660

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.

Great Lakes Dredge & Dock (GLDD) – 3Q2021 Awards Exceed $300 million After Three New Awards

Thursday, September 30, 2021

Great Lakes Dredge & Dock (GLDD)
3Q2021 Awards Exceed $300 million After Three New Awards

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The company only’s operating segments is Dredging. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Port expansion, and others.

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

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

    Attractive award of $25.6 million posted late yesterday. The $25.6 million award for maintenance dredging of Portsmouth Harbor and Piscataqua River was posted on the DoD web site after the market closed yesterday. Work should start later this year and be completed in 1Q2022. The award is positive and there could be some added efficiencies since GLDD is currently working in the Boston Harbor.

    Second award of $11.3 million posted earlier this week.  According to the government contracting web site, the Coastal Storm Risk Management Project in South Hutchinson Island, Florida was awarded to GLDD for $11.3 million. The work includes constructing a beach berm and planting dune vegetation to limit erosion …



This Company Sponsored 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. 

EEG’s iGaming Division Hits New Revenue Record, SportNation Nominated for Award

 


EEG’s iGaming Division Hits New Revenue Record, SportNation Nominated for Award

 

Newark, New Jersey–(Newsfile Corp. – September 30, 2021) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the “Company”) and their SportNation.bet business has been nominated for eGaming Review’s (“EGR”) Marketing Campaign of the Year Award for the campaign “SportNation Rewards”, which allows customers to have total control of the rewards they earn on the platform. The EGR Awards will take place on November 25, 2021, in London.

“We’re extremely honored to have been nominated for such a prestigious award. Our team has put in countless hours of work to make this campaign successful,” said Michael Wilson, President of EEG’s iGaming. “Rewards are at the core of our product and allow us to provide our customers with a truly unique offering. The data continues to tell us how much our customers enjoy the wide variety of options we have available and we’re looking forward to growing this program even further in the coming years.”

“Michael and his team are doing a phenomenal job growing our iGaming segment, and this nomination is yet another validation of their continued hard work,” added Grant Johnson, CEO of EEG. “Just this week, our iGaming segment posted more than a quarter million dollars in revenue in a single day, a new daily record. I look forward to sharing more insight into these and other successes on our upcoming fiscal 2021 earnings call in October.”

SportNation.bet’s Rewards program is activated each time a customer places a sports or casino bet. The amount of points earned is based on the bet type and stake amount. Customers are able to see how many points are possible to earn prior to placing a bet. Once the bet is settled, points are instantly credited to their account. Rewards available for redemption include cash back, free bets, deposit bonuses, raffles, charitable donations and UberEats vouchers.

In 2021, customers that engaged with rewards have 277% more activity days compared to those that don’t. SportsNation.bet is among the first sportsbooks to offer cash back as a reward for customers. The campaign has been extremely popular with customers, and it has been instrumental in player value and retention. All of the technology used for the campaign was created in-house by the iGaming team.

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.

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 Inquiries
brandon.apter@esportsentertainmentgroup.com

Investor Relations Inquiries
Jeff@esportsentertainmentgroup.com

Orion Group Holdings, Inc. Announces Contract Awards of Nearly $200 Million

 


Orion Group Holdings, Inc. Announces Contract Awards of Nearly $200 Million

 

HOUSTON–(BUSINESS WIRE)–Sep. 29, 2021– 
Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”) a leading specialty construction company, today announced two contract awards for its Marine segment totaling nearly 
$200 million.

The Company has been awarded a contract valued at approximately 
$125 million from the 
Florida Department of Transportation (FDOT) to replace the 
State Road 405 
Indian River Bridge over the NASA Causeway near 
Cape Canaveral, Florida. This bridge provides the main access to 
Kennedy Space Center and 
Cape Canaveral Space Force Center. The work is expected to commence during the fourth quarter of 2021 and be completed in the fourth quarter of 2024.

In addition, the Company has been awarded a contract valued at approximately 
$67 million from the 
Port of Port Arthur to construct the Berth 6 
Expansion Project in 
Port Arthur, Texas, that will allow for significant additional berthing capacity at the Port. The project is expected to commence in the fourth quarter of 2021 and be completed in the third quarter of 2024.

“Orion has a strong track record of helping modernize and upgrade critical infrastructure,” said  Mark Stauffer, Orion’s President and Chief Executive Officer. “The NASA Causeway project marks our fourth bridge project to be awarded recently, and along with the Berth 6 Expansion, not only provides significant backlog to our Marine segment, but reaffirms Orion as a leading contractor for building and rebuilding our nation’s infrastructure.”

About Orion Group Holdings

Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental 
United States
Alaska
Canada and the 
Caribbean Basin through its marine segment and its concrete segment. The Company’s marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in 
Houston, Texas with regional offices throughout its operating areas.

Forward-Looking Statements

The matters discussed in this press release may constitute or include projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, the provisions of which the Company is availing itself. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as ‘believes’, ‘expects’, ‘may’, ‘will’, ‘could’, ‘should’, ‘seeks’, ‘approximately’, ‘intends’, ‘plans’, ‘estimates’, or ‘anticipates’, or the negative thereof or other comparable terminology, or by discussions of strategy, plans, objectives, intentions, estimates, forecasts, outlook, assumptions, or goals. In particular, statements regarding future operations or results, including those set forth in this press release and any other statement, express or implied, concerning future operating results or the future generation of or ability to generate revenues, income, net income, profit, EBITDA, EBITDA margin, or cash flow, including to service debt, and including any estimates, forecasts or assumptions regarding future revenues or revenue growth, are forward-looking statements. Forward looking statements also include estimated project start date, anticipated revenues, and contract options which may or may not be awarded in the future. Forward looking statements involve risks, including those associated with the Company’s fixed price contracts that impacts profits, unforeseen productivity delays that may alter the final profitability of the contract, cancellation of the contract by the customer for unforeseen reasons, delays or decreases in funding by the customer, levels and predictability of government funding or other governmental budgetary constraints and any potential contract options which may or may not be awarded in the future, and are the sole discretion of award by the customer. Past performance is not necessarily an indicator of future results. In light of these and other uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that the Company’s plans, estimates, forecasts, goals, intentions, or objectives will be achieved or realized. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update information contained in this press release whether as a result of new developments or otherwise.

Please refer to the Company’s Annual Report on Form 10-K, filed on 
March 2, 2021, which is available on its website at www.oriongroupholdingsinc.com or at the SEC’s website at www.sec.gov, for additional and more detailed discussion of risk factors that could cause actual results to differ materially from our current expectations, estimates or forecasts.

Orion Group Holdings Inc.
Francis Okoniewski, Vice President Investor Relations
(346) 616-4138
fokoniewski@orn.net
www.oriongroupholdingsinc.com

Robert Tabb, Executive Vice President & CFO
(713) 852-6500
www.oriongroupholdingsinc.com

Source: 
Orion Group Holdings, Inc.

CanAlaska Identifies New Targets at Kingston Uranium Project


CanAlaska Identifies New Targets at Kingston Uranium Project

 

Historical Uranium Boulder Train Located Near Collins Bay Fault

Electromagnetic and Gravity Anomalies Define Shallow Targets Along Major Faults

West McArthur “42 Zone” Successfully Extended – Drilling Continues

Vancouver, British Columbia–(Newsfile Corp. – September 30, 2021) – CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSEDH7N) (“CanAlaska” or the “Company”) is pleased to announce that compilation work on the Company’s newly acquired Kingston Project has identified several new uranium targets. The targets are outlined by coincident electromagnetic (EM) and gravity anomalies, and a uranium-rich boulder train located just down-ice from the Collins Bay Fault structure (Figure 1).

Figure 1


Figure 2

 

The Collins Bay Fault is host to the Rabbit Lake, Collins Bay A, B and D, and Eagle Point orebodies, which, since 1975, have produced more than 200 million pounds of uranium. The location of these deposits along the length of the Collins Bay Fault system is largely controlled by interaction of the main, regional dextral reverse fault with bends or flexures of the main structure, splay structures coming off the main structure, or interaction with cross-cutting structures. The Maguire Fault hosts the Maguire zone of alteration and uranium mineralization on CanAlaska’s claims in northwest Manitoba.

During the mineralizing event, the host-rock is altered to clay, which can be imaged by geophysical methods such as EM and gravity. The coupling of EM “bright-spots” with gravity lows is a possible indication of the clay alteration associated with these significant mineralizing events. EM “bright-spots” were successfully used to discover an extension of the Eagle Point orebody (02 Next deposit) and drilling of a gravity low anomaly led to discovery of NexGen’s Arrow deposit, host to 337 million pounds of uranium resources.

The Kingston project is strategically located less than 100 kilometres northeast of the northeastern margin of the present-day Athabasca Basin within the Western Wollaston Domain, just east of the Wollaston-Mudjatik contact (Figure 2). Historical exploration in the area has been concentrated in two periods. Prospecting and geological mapping, lake sediment sampling, airborne and ground geophysical surveys, and limited diamond drilling work was completed from 1958 to 1980. Airborne and ground geophysical surveys including DIGHEM, Falcon and ZTEM, soil/rock/lake sediment sampling, prospecting and geological mapping occurred from 2004 to 2016. The various geophysical surveys map conductors and gravity anomalies coincident with two regional structures, the Collins Bay Fault and the Maguire Fault. Previous exploration within the project area has identified a large uranium-rich boulder train in the southeast corner of the project that is immediately down-ice of the Collins Bay Fault. Uranium-rich boulders with up to 0.57% (5,768 ppm) uranium have been reported. Anomalous nickel in lake sediments were identified along the Maguire Fault in the northeast corner of the property. Four high priority target areas have been identified (Figure 1).

West McArthur “42 Zone” Drilling Update

Diamond drilling at the Company’s West McArthur JV project is progressing as planned and has been successful in expanding the “42 Zone” discovery. Three diamond drill holes have reached the unconformity to date for a total of 2,946 m of drilling. The Company plans to complete an additional two to three diamond drill holes within the 42 Zone area for a targeted total meterage of 5,000 m.

Drill hole WMA063-1 intersected 16.1 m of elevated radioactivity immediately above the unconformity 32 m along strike to the west of drill hole WMA055-2 in the Company’s 42 Zone area. WMA055-2 intersected 2.1 m averaging 2.3% U3O8, including 0.7 m at 6.8% U3O8 (see press release dated October 15th, 2019). The new uranium intersection in WMA063-1 is thicker and contained within a strongly bleached lower sandstone column that contains dark black sooty pyrite, red hydrothermal hematite, and structurally-controlled strong clay alteration. Due to the strong clay alteration and faulting, core recovery is approximately 25% through two three-metre wide intervals within the mineralized zone above the unconformity. Geochemical assays of the mineralization, expected after the program is complete, will be used in conjunction with radiometric probing equivalents data to evaluate the grade and thickness of this new mineralization which extends the 42 Zone.

Southwest of the 42 Zone area two drill holes have been completed along the extension of the Grid 5 conductive corridor and controlling structure. Drill hole WMA061, drilled 700 m to the southwest of the 42 Zone, intersected the unconformity 68 m north-northwest of WMA049-1. WMA061 intersected a broad interval of faults in the lower sandstone column associated with bleached sandstone, increased interstitial clay, patches of sooty pyrite, remobilized hematite, and structurally-controlled limonite and clay alteration. The sandstone structure and alteration indicate that WMA061 intersected the unconformity approximately 30 m north of the ideal target, leaving the target open on this fence.

Drill hole WMA062, drilled 1.8 km to the southwest of the 42 Zone, intersected the unconformity 38 m northwest of WMA040. WMA062 intersected a 30 m wide fault in the lower sandstone column with strong limonite alteration, patches of grey sooty pyrite, and structurally-controlled dravitic breccias. In the basement of WMA062, the top of the targeted fault zone was intersected 10 m below the unconformity and is characterized by a 20 m wide interval of quartz-healed hydraulic breccias and localized re-activated clay gouge with strong hematite, chlorite, bleaching, sericite, and specular hematite alteration. This is followed by a second 8 m wide fault zone that contains abundant re-activated cataclastic breccias and clay gouges characterized by strong pervasive bone-white bleaching, dark black structurally-controlled chlorite, and hematite alteration. The strong alteration and large faults in the basement of this drillhole suggest the ideal target starts approximately 10 – 15 m north of WMA062 and extends to the north where these two basement faults remain untested at the unconformity.

Drillholes WMA061 and WMA062 confirm the fault system along the conductive corridor in the Grid 5 area is present, large, and strongly altered southwest of the 42 Zone.

CanAlaska CEO, Cory Belyk, comments, “The Kingston Project has structural and geophysical targets that look like an Eagle Point or Arrow analogue in close association with a historical uranium-rich boulder train. The team is delighted this compilation work has outlined key target areas on this project associated with the large Collins Bay and Maguire faults, none of which have been drill tested in this area. In addition, the ongoing drilling program at West McArthur has successfully extended the “42 Zone” mineralization and drilling will continue on nearby priority targets along the 42 Zone controlling structure.”

Other News

CanAlaska’s joint venture partner, Denison Mines, continues drilling on our new Moon Lake South joint venture located near Denison’s Wheeler River Project.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 300,000 hectares (750,000 acres), in Canada’s Athabasca Basin region – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Nathan Bridge, MSc., P.Geo., CanAlaska’s Vice President, Exploration.

On behalf of the Board of Directors
“Peter Dasler”
Peter Dasler, M.Sc., P.Geo.
President
CanAlaska Uranium Ltd.


Contacts:

Cory Belyk, Executive VP and CEO
Tel: +1.604.688.3211 x 306
Email: cbelyk@canalaska.com

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: info@canalaska.com 

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

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Source:
CanAlaska Uranium Ltd.

Orion Group Holdings (ORN) – High Bidding Activity Finally Delivers Large Awards

Thursday, September 30, 2021

Orion Group Holdings (ORN)
High Bidding Activity Finally Delivers Large Awards

Orion Group Holdings, based in Houston, Texas, is a specialty construction company within the Marine and Industrial Construction sectors, with operations focused in the continental United States and Caribbean. Revenue is split roughly 50/50 between a Marine Construction segment that provides marine facility, pipeline and structural construction services and a Commercial Concrete segment that provides turnkey concrete services in the light commercial and structural construction markets.

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

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

    Two large Marine awards of ~$192 million announced. High bidding activity finally delivers large multi-year work. The Florida Department of Transportation (FDOT) awarded a contract of ~$125 million for bridge replacement work. Also, the Port of Port Arthur (TX) awarded a ~$67 million contract to construct the Berth 6 Expansion Project. Work on both projects should start in 4Q2021 and run into late 2023.

    Recent low bids pending award turn into final awards of $22 million, with options that could add $19 million of work.  As highlighted in our two most recent notes, low bids pending award exceeding $40 million implied that awards were imminent. After the close on Wednesday, three Marine projects total of ~$22 million were awarded, with options of ~$19 million. All of the work should start in 4Q2021 …



This Company Sponsored 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. 

Sierra Metals Announces Filing of Updated NI 43-101 Technical Report


Sierra Metals Announces Filing of Updated NI 43-101 Technical Report

 

 

TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) has filed an updated independent technical report (the “Report“) prepared in accordance with National Instrument 43-101 on the Bolivar Mine in Mexico.

The Report dated September 21, 2021, with an effective date of December 31, 2019, is entitled “Updated Preliminary Economic Assessment, Bolivar Mine, Mexico”. The Report was prepared for Sierra Metals by SRK Consulting (Canada) Inc. There are no material differences in the Report from those results disclosed in the Company’s press release dated August 16, 2021.

The Report is available for review on SEDAR (www.sedar.com), EDGAR (www.SEC.gov) and the Company’s website (www.sierrametals.com).

About Sierra Metals

Sierra Metals is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s common shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

Continue to Follow, Like and Watch our progress:

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Mike McAllister, CPIR
V.P., Investor Relations
Sierra Metals Inc.
+1 (416) 366-7777
info@sierrametals.com

Americo Zuzunaga
V.P., Corporate Planning
Sierra Metals Inc.
+1 (416) 366-7777

Luis Marchese
CEO
Sierra Metals Inc.
+1 (416) 366-7777

Source: Sierra Metals Inc.