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Chakana Reports 268M of 1.17 g/t Gold, 0.55% Copper and 19.2 g/t Silver (1.48% Cu-EQ) in Breccia Pipe 5 from Surface at Soledad, Peru

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Chakana Reports 268M of 1.17 g/t Gold, 0.55% Copper and 19.2 g/t Silver (1.48% Cu-EQ) in Breccia Pipe 5 from Surface at Soledad, Peru

 

Soledad Project Highlights Include:

  • 14 resource definition holes at Breccia Pipe 5 (Bx 5) reported totalling 2,052.75m
  • Additional resource definition drill results pending for Bx 5 and Huancarama
  • Site visit with Qualified Person for 43-101 resource estimate completed
  • Gradient-array induced-polarization (IP) geophysical surveys continue

Vancouver, B.C., September 14, 2021 – Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) (the “Company” or “Chakana”), is pleased to provide results from fourteen resource definition holes drilled in Bx 5 totaling 2,052.75m at the Soledad project, Ancash, Peru (see table below). The resource drilling is part of a fully funded 26,000m exploration and resource drilling program planned for 2021 (Fig. 1). These results will increase confidence in the initial resource estimate, anticipated to be completed by the end of 2021.

“The additional drill results for Bx 5 are outstanding and improve our understanding of the mineralization hosted in this breccia pipe. Grades are stronger at depth as seen in the deeper holes in this release, and mineralization remains open. This is one of six breccia pipes that will be included in the initial resource estimate. The Soledad project is exceptional in having multiple mineralized breccia pipes in close proximity to each other. We are also very excited about the new geophysical data that is being acquired across the entire extent of the 12km2 mineral system and expect that this will contribute to the ongoing exploration success on the property,” stated President and CEO David Kelley.

Drill Results

Bx 5 (Resource Definition)

DDH # From  –  To
(m)		 Core Length
(m)		 Au
g/t		 Ag
g/t		 Cu
%		 Cu-eq
%*		 Au-eq
g/t*
SDH21-224 174.00 182.00 8.00 2.38 3.2     2.42
and 190.00 204.60 14.60 0.49 63.7 2.08 2.94 4.50
SDG21-226 154.00 311.00 157.00 1.44 13.2 0.66 1.71 2.62
including 194.00 247.00 53.00 1.27 18.7 1.21 2.20 3.37
including 263.00 311.00 48.00 2.81 16.1 0.76 2.73 4.18
SDH21-227 157.85 176.00 18.15 1.19 18.1 0.44 1.37 2.10
and 183.00 288.00 105.00 1.24 23.0 1.09 2.10 3.21
including 184.00 230.00 46.00 1.50 40.5 1.74 3.07 4.69
SDH21-229 0.00 268.00 268.00 1.17 19.2 0.55 1.48 2.26
including 234.00 264.00 30.00 1.94 23.3 1.70 3.17 4.85
SDH21-231 0.00 139.00 139.00 1.21 30.7 0.28 1.33 2.04
SDH21-233 0.00 16.00 16.00 0.86 40.6 0.31 1.22 1.87
SDH21-234 0 26.30 26.30 1.55 39.8 0.30 1.65 2.53
SDH21-235 0.00 55.00 55.00 1.21 45.9 0.32 1.50 2.30
SDH21-236 0.00 73.45 73.45 0.98 37.7 0.23  1.19 1.82
SDH21-238 0.00 27.00 27.00 1.69 54.1     2.40
SDH21-239 0.00 16.45 16.45 3.16 79.0     4.19
SDH21-240 0.00 67.40 67.40 1.43 53.7 0.42 1.81 2.77
SDH21-241 0.00 92.00 92.00 0.92 35.0 0.34 1.24 1.90
including 1.00 15.00 14.00 2.49 62.4     3.31
SDH21-243 0.00 93.00 93.00 1.33 50.9 0.39 1.69 2.59
including 11.00 37.00 26.00 2.25 116.7 0.55 3.02 4.62

* Cu_eq and Au_eq values were calculated using copper, gold, and silver. Metal prices utilized for the calculations are Cu – US$2.90/lb, Au – US$1,300/oz, and Ag – US$17/oz. No adjustments were made for recovery as the project is an early-stage exploration project and metallurgical data to allow for estimation of recoveries are not yet available. The formulas utilized to calculate equivalent values are Cu-eq (%) = Cu% + (Au g/t * 0.6556) + (Ag g/t * 0.00857) and Au-eq (g/t) = Au g/t + (Cu% * 1.5296) + (Ag g/t * 0.01307).

Bx 5
The Bx 5 breccia pipe is in the north-central part of the project and is one of six breccia pipes that will be included in Chakana’s initial resource estimate (Fig. 1). The breccia pipe forms a prominent monument outcrop and extends to depths greater than 482m where mineralization remains open. Drill holes described in this release were designed to confirm shallow mineralization in the top western half of the breccia pipe, as well as deeper extents of mineralization probed by three holes drilled to the north from a platform located 100m south of the breccia pipe (Figs. 2 and 3). All holes intersected significant mineralization (see Figure 4 for select core photos of the mineralization). Twelve additional holes have been drilled as part of the resource definition program; results for these holes are pending.

Resource Estimate Site Visit
A site visit to the Soledad project was completed by a Qualified Person as defined by NI 43-101 for the purpose of the resource estimation. The visit included a geological overview, visits to several exposed breccia pipes, core inspection, sampling protocols, surface sampling, and a visit to the ALS laboratory in Callao, Lima, Peru.

2021 Resource and Exploration Drill Program
A total of 26,850m of drilling has been completed in 2021. The objectives of this drill program are to complete resource definition drilling on six initial breccia pipes to an approximate depth of 300m and test several new exploration targets. Breccia pipes that will be included in the initial resource estimate are: Bx1, Bx 5, Bx6, Paloma East, Paloma West, and Huancarama (Fig. 1). Additional resource definition drill results for Bx 5 and Huancarama are pending. During 2021 our drilling was focused on the north half of the project where drill permits are in place. Permitting for the south half of the project is well advanced. The southern half of the property hosts several outcropping mineralized tourmaline breccia pipes and has been recently covered by the Company’s ongoing geophysical program. Numerous targets exist, none of which have been drilled previously.

Geophysical Surveys
Gradient-array induced-polarization (IP) surveys are approximately 90% complete over the entire 12km2 footprint of the Soledad mineral system. Once completed, off-set IP surveying will be conducted over high-priority target areas to supplement the extensive exploration datasets used to identify the current inventory of 110 exploration targets on the property. This new information will be used to identify both new targets and prioritize existing targets in preparation for drilling when the exploration drilling program resumes.

About Chakana Copper
Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project is notable for the high-grade copper-gold-silver mineralization that is hosted in tourmaline breccia pipes. A total of 60,854 metres in 261 diamond core holes for exploration and resource definition drilling have been completed since 2017, testing 16 of 110 total exploration targets, confirming that Soledad is a large, well-endowed mineral system with strong exploration upside. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to base and precious metals. For more information on the Soledad project, please visit the website at www.chakanacopper.com.

Sampling and Analytical Procedures
Chakana follows rigorous sampling and analytical protocols that meet or exceed industry standards. Core samples are stored in a secured area until transport in batches to the ALS facility in Callao, Lima, Peru. Sample batches include certified reference materials, blank, and duplicate samples that are then processed under the control of ALS. All samples are analyzed using the ME-MS41 (ICP technique that provides a comprehensive multi-element overview of the rock geochemistry), while gold is analyzed by AA24 and GRA22 when values exceed 10 g/t by AA24. Over limit silver, copper, lead and zinc are analyzed using the OG-46 procedure. Soil samples are analyzed by 4-acid (ME-MS61) and for gold by Fire Assay on a 30g sample (Au-ICP21).

Results of previous drilling and additional information concerning the Project, including a technical report prepared in accordance with National Instrument 43-101, are made available on Chakana’s SEDAR profile at www.sedar.com.

Qualified Person
David Kelley, an officer and a director of Chakana, and a Qualified Person as defined by NI 43-101, reviewed and approved the technical information in this news release.

ON BEHALF OF THE BOARD

(signed) “David Kelley”
David Kelley
President and CEO

For further information contact:

Joanne Jobin, Investor Relations Officer
Phone: 647 964 0292
Email: jjobin@chakanacopper.com

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

Forward-looking Statement Advisory: This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, the interpretation of the nature of the mineralization at the Soledad copper-gold-silver project (the “Project”), the potential to expand the mineralization, and to develop and grow a resource within the Project, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our belief in the potential for mineralization within unexplored parts of the Project. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

Figure 1 – View looking north showing outcropping breccia pipes and occurrences within the northern Soledad cluster. Pipes that will be included in the initial resource are shown in green (Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, and Huancarama). Breccia pipes shown in yellow have had exploration drilling completed. Other pipes/occurrences and targets defined by other exploration data remain to be tested by drilling. Additional breccia pipes occur on the south half of the property and are not shown here.

Figure 2 – Map showing drill holes reported in this release and modeled breccia pipe (light red shape) based on all drill holes. Light gray contours are at 20m intervals. Blue rectangle in the inset map shows the area of Figure 2 within the overall Chakana property.

Figure 3 – 3D sectional view of Bx 5 looking east. Light red 3D shape shows breccia pipe geometry based on all drill holes. Previous holes drilled shown in grey.

Figure 4 – Select core photos from Bx 5 reported in this release: SDH21-226 (310.55m) chalcopyrite-pyrite-siderite-quartz filling breccia matrix; SDH21-226 (310.95m) chalcopyrite filling matrix in mosaic breccia; SDH21-229 (32.00m) chalcopyrite-pyrite-cemented chaotic shingle breccia; SDH21-229 (104.50m) chalcopyrite-pyrite-sphalerite-siderite filling breccia matrix; SDH21-231 (57.9m) selective clast replacement by chalcopyrite with black tourmaline matrix; SDH21-231 (113.55m) chalcopyrite-cosalite-galena-siderite filling breccia matrix; SDH21-234 (18.00m) chalcopyrite-tourmaline-cemented shingle breccia; SDH21-235 (42.20m) chalcopyrite-tourmaline-cemented shingle breccia; SDH21-236 (73.2m) selective clast replacement by chalcopyrite-pyrite; SDH21-240 (46.2m) chalcopyrite-pyrite-cemented mosaic breccia; SDH21-243 (35.10m) chalcopyrite-pyrite-cemented chaotic shingle breccia; SDH21-243 (55.40m) chalcopyrite-pyrite-cemented chaotic shingle breccia. Core diameter is 6.35cm (HQ) in all instances.

Advisor’s ESG Recommendations Could Get Them in Hot Water

Posted on by Admin

ESG Programs Under the SEC Spotlight

 

The Securities and Exchange Commission (SEC) singled out ESG investing in its annual examination priorities letter in both  2021 and in 2020. Back in April, they went as far as issuing a  risk alert citing firms for making misleading statements about their ESG programs, inadequate controls around ESG marketing efforts, and lack of oversight and compliance deficiencies.

An official at the SEC warned this week, examiners at the Securities and Exchange Commission have been watching advisory firms that advertise investment strategies focused on environmental, social, and corporate governance (ESG). According to Kristin Snyder, who is the deputy director of the SEC.’s Division of Examinations, where examiners monitor how advisors tell clients that an investment strategy is aligned with certain values or risk factors, said at an annual SEC conference, “We’ve been significantly focused on examining advisors who are advertising and marketing environmental, social, and governance investments, and I know those investments can often be marketed in a number of different ways, whether it’s impact, or socially responsible, or ESG-conscious.”

Snyder recommended that advisors study the recommendations the commission published in their The
Division of Examinations’ Review of ESG Investing and cautioned that examiners would continue to probe how advisors are backing up their ESG promises when examiners visit firms that promote purpose-driven investing strategies.

“In a nutshell, I think across all advisor types as well as looking at registered investment company investments, we’ll be looking at compliance programs, portfolio management, and marketing and advertising,” Snyder said.

“We’re not making merit-based judgments about any of these investments,” she said. “We’re simply ensuring that what advisors are marketing and representing to their investors is actually happening in practice and that with compliance, there are policies and procedures and controls to ensure that the portfolio management practices that the advisor markets and advertises actually are operating as they should.”

Take-Away

Bandwagon marketing by investment advisors will only be tolerated by the SEC if the ideas and underlying securities match an investment professional’s proposal. The rush to all things ESG by the investment community in 2021 has led to abuses. The SEC is aware of the overzealous marketing campaigns and is on the lookout at their regular examinations.

Suggested Reading:



Brokerage App Coercion? The SEC Wants You to Share Your Experiences

ESG Indicators and How Investors Use Them





Five Reasons Investors Increasingly Use ESG Standards

Are Small-Cap Stocks Smart Investments?

 

 

Sources:

https://www.c-span.org/video/?515168-1/securities-exchange-commission-oversight-hearing

https://www.sec.gov/files/esg-risk-alert.pdf

https://www.sec.gov/news/press-release/2020-334

https://www.sec.gov/investment/investment-adviser-marketing

 

Stay up to date. Follow us:

 

Advisors ESG Recommendations Could Get Them in Hot Water

Posted on by Admin

ESG Programs Under the SEC Spotlight

 

The Securities and Exchange Commission (SEC) singled out ESG investing in its annual examination priorities letter in both  2021 and in 2020. Back in April, they went as far as issuing a  risk alert citing firms for making misleading statements about their ESG programs, inadequate controls around ESG marketing efforts, and lack of oversight and compliance deficiencies.

An official at the SEC warned this week, examiners at the Securities and Exchange Commission have been watching advisory firms that advertise investment strategies focused on environmental, social, and corporate governance (ESG). According to Kristin Snyder, who is the deputy director of the SEC.’s Division of Examinations, where examiners monitor how advisors tell clients that an investment strategy is aligned with certain values or risk factors, said at an annual SEC conference, “We’ve been significantly focused on examining advisors who are advertising and marketing environmental, social, and governance investments, and I know those investments can often be marketed in a number of different ways, whether it’s impact, or socially responsible, or ESG-conscious.”

Snyder recommended that advisors study the recommendations the commission published in their The
Division of Examinations’ Review of ESG Investing and cautioned that examiners would continue to probe how advisors are backing up their ESG promises when examiners visit firms that promote purpose-driven investing strategies.

“In a nutshell, I think across all advisor types as well as looking at registered investment company investments, we’ll be looking at compliance programs, portfolio management, and marketing and advertising,” Snyder said.

“We’re not making merit-based judgments about any of these investments,” she said. “We’re simply ensuring that what advisors are marketing and representing to their investors is actually happening in practice and that with compliance, there are policies and procedures and controls to ensure that the portfolio management practices that the advisor markets and advertises actually are operating as they should.”

Take-Away

Bandwagon marketing by investment advisors will only be tolerated by the SEC if the ideas and underlying securities match an investment professional’s proposal. The rush to all things ESG by the investment community in 2021 has led to abuses. The SEC is aware of the overzealous marketing campaigns and is on the lookout at their regular examinations.

Suggested Reading:



Brokerage App Coercion? The SEC Wants You to Share Your Experiences

ESG Indicators and How Investors Use Them





Five Reasons Investors Increasingly Use ESG Standards

Are Small-Cap Stocks Smart Investments?

 

 

Sources:

https://www.c-span.org/video/?515168-1/securities-exchange-commission-oversight-hearing

https://www.sec.gov/files/esg-risk-alert.pdf

https://www.sec.gov/news/press-release/2020-334

https://www.sec.gov/investment/investment-adviser-marketing

 

Stay up to date. Follow us:

 

QuickChek – October 14, 2021

Posted on by Admin



Chakana Reports 268M of 1.17 g/t Gold, 0.55% Copper and 19.2 g/t Silver (1.48% Cu-EQ) in Breccia Pipe 5 from Surface at Soledad, Peru

Chakana Copper announced results from fourteen resource definition holes drilled in Bx 5 totaling 2,052.75m at the Soledad project, Ancash, Peru

Research, News & Market Data on Chakana Copper

Watch recent presentation from Chakana Copper



electroCore Announces Regulatory Approval in Canada to Treat Adolescent Migraine

electroCore announced that the company received an amended Medical Device License from Health Canada to expand the label of gammaCore nVNS to include the acute and preventive treatment of migraine in adolescents between 12 and 17 years of age

Research, News & Market Data on electroCore



Gevo to Report Third Quarter 2021 Financial Results on November 10, 2021

Gevo announced that it will host a conference call on Wednesday, November 10, 2021

Research, News & Market Data on Gevo

Watch recent presentation from Gevo



Cocrystal Pharma to Present at the Dawson James 2021 Small Cap Growth Conference on October 21, 2021

Cocrystal Pharma announced that management will present at the Dawson James 2021 Small Cap Growth Conference on Thursday, October 21, 2021

Research, News & Market Data on Cocrystal Pharma

Watch recent presentation from Cocrystal Pharma

 

Stay up to date. Follow us:

 

Release – Chakana Reports 268M of 1.17 gt Gold 0.55 Copper and 19.2 gt Silver (1.48 Cu-EQ) in Breccia Pipe 5 from Surface at Soledad Peru

Posted on by Admin


Chakana Reports 268M of 1.17 g/t Gold, 0.55% Copper and 19.2 g/t Silver (1.48% Cu-EQ) in Breccia Pipe 5 from Surface at Soledad, Peru

 

Soledad Project Highlights Include:

  • 14 resource definition holes at Breccia Pipe 5 (Bx 5) reported totalling 2,052.75m
  • Additional resource definition drill results pending for Bx 5 and Huancarama
  • Site visit with Qualified Person for 43-101 resource estimate completed
  • Gradient-array induced-polarization (IP) geophysical surveys continue

Vancouver, B.C., September 14, 2021 – Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) (the “Company” or “Chakana”), is pleased to provide results from fourteen resource definition holes drilled in Bx 5 totaling 2,052.75m at the Soledad project, Ancash, Peru (see table below). The resource drilling is part of a fully funded 26,000m exploration and resource drilling program planned for 2021 (Fig. 1). These results will increase confidence in the initial resource estimate, anticipated to be completed by the end of 2021.

“The additional drill results for Bx 5 are outstanding and improve our understanding of the mineralization hosted in this breccia pipe. Grades are stronger at depth as seen in the deeper holes in this release, and mineralization remains open. This is one of six breccia pipes that will be included in the initial resource estimate. The Soledad project is exceptional in having multiple mineralized breccia pipes in close proximity to each other. We are also very excited about the new geophysical data that is being acquired across the entire extent of the 12km2 mineral system and expect that this will contribute to the ongoing exploration success on the property,” stated President and CEO David Kelley.

Drill Results

Bx 5 (Resource Definition)

DDH # From  –  To
(m)		 Core Length
(m)		 Au
g/t		 Ag
g/t		 Cu
%		 Cu-eq
%*		 Au-eq
g/t*
SDH21-224 174.00 182.00 8.00 2.38 3.2     2.42
and 190.00 204.60 14.60 0.49 63.7 2.08 2.94 4.50
SDG21-226 154.00 311.00 157.00 1.44 13.2 0.66 1.71 2.62
including 194.00 247.00 53.00 1.27 18.7 1.21 2.20 3.37
including 263.00 311.00 48.00 2.81 16.1 0.76 2.73 4.18
SDH21-227 157.85 176.00 18.15 1.19 18.1 0.44 1.37 2.10
and 183.00 288.00 105.00 1.24 23.0 1.09 2.10 3.21
including 184.00 230.00 46.00 1.50 40.5 1.74 3.07 4.69
SDH21-229 0.00 268.00 268.00 1.17 19.2 0.55 1.48 2.26
including 234.00 264.00 30.00 1.94 23.3 1.70 3.17 4.85
SDH21-231 0.00 139.00 139.00 1.21 30.7 0.28 1.33 2.04
SDH21-233 0.00 16.00 16.00 0.86 40.6 0.31 1.22 1.87
SDH21-234 0 26.30 26.30 1.55 39.8 0.30 1.65 2.53
SDH21-235 0.00 55.00 55.00 1.21 45.9 0.32 1.50 2.30
SDH21-236 0.00 73.45 73.45 0.98 37.7 0.23  1.19 1.82
SDH21-238 0.00 27.00 27.00 1.69 54.1     2.40
SDH21-239 0.00 16.45 16.45 3.16 79.0     4.19
SDH21-240 0.00 67.40 67.40 1.43 53.7 0.42 1.81 2.77
SDH21-241 0.00 92.00 92.00 0.92 35.0 0.34 1.24 1.90
including 1.00 15.00 14.00 2.49 62.4     3.31
SDH21-243 0.00 93.00 93.00 1.33 50.9 0.39 1.69 2.59
including 11.00 37.00 26.00 2.25 116.7 0.55 3.02 4.62

* Cu_eq and Au_eq values were calculated using copper, gold, and silver. Metal prices utilized for the calculations are Cu – US$2.90/lb, Au – US$1,300/oz, and Ag – US$17/oz. No adjustments were made for recovery as the project is an early-stage exploration project and metallurgical data to allow for estimation of recoveries are not yet available. The formulas utilized to calculate equivalent values are Cu-eq (%) = Cu% + (Au g/t * 0.6556) + (Ag g/t * 0.00857) and Au-eq (g/t) = Au g/t + (Cu% * 1.5296) + (Ag g/t * 0.01307).

Bx 5
The Bx 5 breccia pipe is in the north-central part of the project and is one of six breccia pipes that will be included in Chakana’s initial resource estimate (Fig. 1). The breccia pipe forms a prominent monument outcrop and extends to depths greater than 482m where mineralization remains open. Drill holes described in this release were designed to confirm shallow mineralization in the top western half of the breccia pipe, as well as deeper extents of mineralization probed by three holes drilled to the north from a platform located 100m south of the breccia pipe (Figs. 2 and 3). All holes intersected significant mineralization (see Figure 4 for select core photos of the mineralization). Twelve additional holes have been drilled as part of the resource definition program; results for these holes are pending.

Resource Estimate Site Visit
A site visit to the Soledad project was completed by a Qualified Person as defined by NI 43-101 for the purpose of the resource estimation. The visit included a geological overview, visits to several exposed breccia pipes, core inspection, sampling protocols, surface sampling, and a visit to the ALS laboratory in Callao, Lima, Peru.

2021 Resource and Exploration Drill Program
A total of 26,850m of drilling has been completed in 2021. The objectives of this drill program are to complete resource definition drilling on six initial breccia pipes to an approximate depth of 300m and test several new exploration targets. Breccia pipes that will be included in the initial resource estimate are: Bx1, Bx 5, Bx6, Paloma East, Paloma West, and Huancarama (Fig. 1). Additional resource definition drill results for Bx 5 and Huancarama are pending. During 2021 our drilling was focused on the north half of the project where drill permits are in place. Permitting for the south half of the project is well advanced. The southern half of the property hosts several outcropping mineralized tourmaline breccia pipes and has been recently covered by the Company’s ongoing geophysical program. Numerous targets exist, none of which have been drilled previously.

Geophysical Surveys
Gradient-array induced-polarization (IP) surveys are approximately 90% complete over the entire 12km2 footprint of the Soledad mineral system. Once completed, off-set IP surveying will be conducted over high-priority target areas to supplement the extensive exploration datasets used to identify the current inventory of 110 exploration targets on the property. This new information will be used to identify both new targets and prioritize existing targets in preparation for drilling when the exploration drilling program resumes.

About Chakana Copper
Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project is notable for the high-grade copper-gold-silver mineralization that is hosted in tourmaline breccia pipes. A total of 60,854 metres in 261 diamond core holes for exploration and resource definition drilling have been completed since 2017, testing 16 of 110 total exploration targets, confirming that Soledad is a large, well-endowed mineral system with strong exploration upside. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to base and precious metals. For more information on the Soledad project, please visit the website at www.chakanacopper.com.

Sampling and Analytical Procedures
Chakana follows rigorous sampling and analytical protocols that meet or exceed industry standards. Core samples are stored in a secured area until transport in batches to the ALS facility in Callao, Lima, Peru. Sample batches include certified reference materials, blank, and duplicate samples that are then processed under the control of ALS. All samples are analyzed using the ME-MS41 (ICP technique that provides a comprehensive multi-element overview of the rock geochemistry), while gold is analyzed by AA24 and GRA22 when values exceed 10 g/t by AA24. Over limit silver, copper, lead and zinc are analyzed using the OG-46 procedure. Soil samples are analyzed by 4-acid (ME-MS61) and for gold by Fire Assay on a 30g sample (Au-ICP21).

Results of previous drilling and additional information concerning the Project, including a technical report prepared in accordance with National Instrument 43-101, are made available on Chakana’s SEDAR profile at www.sedar.com.

Qualified Person
David Kelley, an officer and a director of Chakana, and a Qualified Person as defined by NI 43-101, reviewed and approved the technical information in this news release.

ON BEHALF OF THE BOARD

(signed) “David Kelley”
David Kelley
President and CEO

For further information contact:

Joanne Jobin, Investor Relations Officer
Phone: 647 964 0292
Email: jjobin@chakanacopper.com

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

Forward-looking Statement Advisory: This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, the interpretation of the nature of the mineralization at the Soledad copper-gold-silver project (the “Project”), the potential to expand the mineralization, and to develop and grow a resource within the Project, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our belief in the potential for mineralization within unexplored parts of the Project. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

Figure 1 – View looking north showing outcropping breccia pipes and occurrences within the northern Soledad cluster. Pipes that will be included in the initial resource are shown in green (Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, and Huancarama). Breccia pipes shown in yellow have had exploration drilling completed. Other pipes/occurrences and targets defined by other exploration data remain to be tested by drilling. Additional breccia pipes occur on the south half of the property and are not shown here.

Figure 2 – Map showing drill holes reported in this release and modeled breccia pipe (light red shape) based on all drill holes. Light gray contours are at 20m intervals. Blue rectangle in the inset map shows the area of Figure 2 within the overall Chakana property.

Figure 3 – 3D sectional view of Bx 5 looking east. Light red 3D shape shows breccia pipe geometry based on all drill holes. Previous holes drilled shown in grey.

Figure 4 – Select core photos from Bx 5 reported in this release: SDH21-226 (310.55m) chalcopyrite-pyrite-siderite-quartz filling breccia matrix; SDH21-226 (310.95m) chalcopyrite filling matrix in mosaic breccia; SDH21-229 (32.00m) chalcopyrite-pyrite-cemented chaotic shingle breccia; SDH21-229 (104.50m) chalcopyrite-pyrite-sphalerite-siderite filling breccia matrix; SDH21-231 (57.9m) selective clast replacement by chalcopyrite with black tourmaline matrix; SDH21-231 (113.55m) chalcopyrite-cosalite-galena-siderite filling breccia matrix; SDH21-234 (18.00m) chalcopyrite-tourmaline-cemented shingle breccia; SDH21-235 (42.20m) chalcopyrite-tourmaline-cemented shingle breccia; SDH21-236 (73.2m) selective clast replacement by chalcopyrite-pyrite; SDH21-240 (46.2m) chalcopyrite-pyrite-cemented mosaic breccia; SDH21-243 (35.10m) chalcopyrite-pyrite-cemented chaotic shingle breccia; SDH21-243 (55.40m) chalcopyrite-pyrite-cemented chaotic shingle breccia. Core diameter is 6.35cm (HQ) in all instances.

Release – electroCore Announces Regulatory Approval in Canada to Treat Adolescent Migraine

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electroCore Announces Regulatory Approval in Canada to Treat Adolescent Migraine

 

Health Canada expands gammaCore label to include the acute and preventive treatment of migraine in adolescents

ROCKAWAY, NJ, 
Oct. 14, 2021 (GLOBE NEWSWIRE) — 
electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic medicine company, announced today that the company received an amended Medical Device License from 
Health Canada to expand the label of gammaCore nVNS to include the acute and preventive treatment of migraine in adolescents between 12 and 17 years of age. gammaCore is now cleared for most forms of primary headache including the acute and preventive treatment of migraine in adolescents and adults, as well as the acute and preventive treatment of cluster headache in adults.

“Migraine affects approximately 1 in 10 adolescents and is one of the most disabling diseases worldwide. Despite this, evidence-based treatment options for adolescents with migraine are limited. It is exciting to see a new treatment option for Canadian adolescents with migraine, particularly as gammaCore offers a non-medication option to families,” said Dr.  Serena Orr,
headache specialist, pediatric neurologist, and researcher at the 
Cumming School of Medicine, University of 
Calgary, Canada. “There is supportive efficacy and safety data in adults for the acute and preventive treatment of migraine and promising pediatric safety data. As adoption increases within the adolescent population, additional data will be generated which will be helpful in understanding how effective it is for adolescents.”

“Prescribers and the parents of adolescent migraine sufferers now have a non-drug treatment option, that is approved for the acute and preventive management of migraine in adolescents,” said  Iain Strickland, Vice President of Global Sales and Strategy at electroCore, Inc. “gammaCore represents a unique treatment for adolescents with migraine, who along with their families would often prefer to avoid the use of prescription drugs.”

The label expansion was based on previously reported randomized controlled trials of gammaCore for the acute and preventive treatment of migraine and was supported by a small study (n=9) in adolescents where 46.8% of all treated attacks were successfully resolved without the use of any acute rescue medication.1

gammaCore Sapphire™ is available in 
Canada through our exclusive distributor, 
RSK Medical Inc., for patients suffering with primary headache disorders.

For more information, visit https://rskmedical.com.

About electroCore, Inc.
electroCore, Inc. is a commercial stage bioelectronic medicine company dedicated to improving patient outcomes through its non-invasive vagus nerve stimulation therapy platform, initially focused on the treatment of multiple conditions in neurology. The company’s current indications are the preventive treatment of cluster headache and migraine, the acute treatment of migraine and episodic cluster headache, the acute and preventive treatment of migraines in adolescents, and paroxysmal hemicrania and hemicrania continua in adults. For more information, visit www.electrocore.com.

About gammaCore™

gammaCore™ (nVNS) is the first non-invasive, hand-held medical therapy applied at the neck as an adjunctive therapy to treat migraine and cluster headache through the utilization of a mild electrical stimulation to the vagus nerve that passes through the skin. Designed as a portable, easy-to-use technology, gammaCore can be self-administered by patients, as needed, without the potential side effects associated with commonly prescribed drugs. When placed on a patient’s neck over the vagus nerve, gammaCore stimulates the nerve’s afferent fibers, which may lead to a reduction of pain in patients. 

gammaCore is FDA cleared in 
the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, and the acute and preventive treatment of migraine in adolescent (ages 12 and older) and adult patients. gammaCore is CE-marked in the 
European Union for the acute and/or prophylactic treatment of primary headache (Migraine, Cluster Headache, Trigeminal Autonomic Cephalalgias and Hemicrania Continua) and Medication Overuse Headache in adults.

gammaCore is contraindicated for patients if they:

  • Have an active implantable medical device, such as a pacemaker, hearing aid implant, or any implanted electronic device
  • Have a metallic device, such as a stent, bone plate, or bone screw, implanted at or near the neck
  • Are using another device at the same time (e.g., TENS Unit, muscle stimulator) or any portable electronic device (e.g., mobile phone)

Safety and efficacy of gammaCore have not been evaluated in the following patients:

  • Adolescent patients with congenital cardiac issues
  • Patients diagnosed with narrowing of the arteries (carotid atherosclerosis)
  • Patients who have had surgery to cut the vagus nerve in the neck (cervical vagotomy)
  • Pediatric patients (less than 12 years)
  • Pregnant women
  • Patients with clinically significant hypertension, hypotension, bradycardia, or tachycardia

Forward-Looking Statements

This press release and other written and oral statements made by representatives of electroCore may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements about electroCore’s business prospects and clinical and product development plans; its pipeline or potential markets for its technologies; the timing, outcome and impact of regulatory, clinical and commercial developments; the business, operating or financial impact of such studies; the potential of nVNS generally and gammaCore in particular for the acute and preventative treatment of migraine in adolescence in the Unites States and 
Canada and other statements that are not historical in nature, particularly those that utilize terminology such as “anticipates,” “will,” “expects,” “believes,” “intends,” other words of similar meaning, derivations of such words and the use of future dates. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to raise the additional funding needed to continue to pursue electroCore’s business and product development plans, the inherent uncertainties associated with developing new products or technologies, the ability to commercialize gammaCore™, the potential impact and effects of COVID-19 on the business of electroCore, electroCore’s results of operations and financial performance, and any measures electroCore has and may take in response to COVID-19 and any expectations electroCore may have with respect thereto, competition in the industry in which electroCore operates and overall market conditions. Any forward-looking statements are made as of the date of this press release, and electroCore assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents electroCore files with the 
SEC available at www.sec.gov.

1 Grazzi L, Egeo G, Liebler E, Padovan AM, Barbanti P. Non-invasive vagus nerve stimulation (nVNS) as symptomatic treatment of migraine in young patients: a preliminary safety study. Neurol Sci. 2017 May;38(Suppl 1):197-199. doi: 10.1007/s10072-017-2942-5. PMID: 28527086.

Investors:
Rich CockrellCG Capital
404-736-3838
ecor@cg.capital

or

Media Contact:
Jackie Dorsky
electroCore
908-313-6331
Jackie.dorsky@electrocore.com

Release – Voyager Digital Secures Final Approval to Begin Operations in Europe

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Voyager Digital Secures Final Approval to Begin Operations in Europe

 

NEW YORK, Oct. 13, 2021 /CNW/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced, following a standard review by the Autorite? des marche?s financiers (AMF) and the Autorite? de contro?le prudentiel et de re?solution (ACPR), that Voyager Digital, Ltd, its wholly owned subsidiary LGO Europe SAS (LGO) and its leadership have been declared “Fit and Proper” to operate under the LGO registration.  Voyager is the first non-French, non-European firm to get this designation.

“We appreciate the regulators for recognizing Voyager’s platform as Fit and Proper to serve customers in France and the European Union. Voyager supports global regulation and will continue to operate only where it is fully licensed and approved,” said Steve Ehrlich, CEO and Co-founder of Voyager. “This recognition is a major step in the process to bring the Voyager app and product suite to European customers and continues our vision of building Voyager into a truly global financial services company.  Leveraging the recent acquisition of Coinify, which has fully compliant KYC and AML solutions as well as fiat on-ramps in over 20 currencies, Voyager is positioned for an initial launch of our trading app in certain European countries late in the March 2022 quarter.”

“Voyager will be a key player in Europe and internationally. We are happy that a non-European player has chosen France to set up and develop its activities. We will continue to ensure that the legal framework is attractive and stable for all those who wish to undertake in the crypto-asset sector,” commented Pierre Person of the Assemblee Nationale.

“We have a long waiting list of European customers who are looking forward to the launch of our app,” said Lewis Bateman, Voyager’s Chief International Officer. “The crypto economy is global and we are excited about the prospect of servicing these customers and delivering the Voyager quality access to a broader customer segment.”

Voyager closed the merger of its European operations into LGO in December 2020. The merger gave Voyager direct control of the AMF regulated entity and enables Voyager to service the European Union with its consumer-friendly crypto trading platform. This approval fulfills the remaining conditions of the merger, whereby 1 million shares of Voyager are issuable to the selling shareholders of LGO and are subject to release in equal tranches on the 6, 9 and 12 month anniversary of the date of the approval of the AMF.

About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein.

Press Contacts

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com 

SOURCE Voyager Digital (Canada) Ltd.

Related Links

https://www.investvoyager.com/

Release – Gevo to Report Third Quarter 2021 Financial Results on November 10 2021

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Gevo to Report Third Quarter 2021 Financial Results on November 10, 2021

 

ENGLEWOOD, Colo., Oct. 14, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) announced today that it will host a conference call on Wednesday, November 10, 2021 at 4:30 p.m. EDT (2:30 p.m. MDT) to report its financial results for the third quarter ended September 30, 2021 and provide an update on recent corporate highlights.

To participate in the conference call, please dial 1 (833) 729-4776 (inside the U.S.) or 1 (830) 213-7701 (outside the U.S.) and reference the access code 4248806# or through the event weblink: https://edge.media-server.com/mmc/p/j9mothsa

A replay of the call and webcast will be available two hours after the conference call ends on November 10, 2021. To access the replay, please dial 1 (855) 859-2056 (inside the U.S.) or 1 (404) 537-3406 (outside the U.S.) and reference the access code 4248806#. The archived webcast will be available in the Investor Relations section of Gevo’s website at www.gevo.com .

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

Investor and Media Contact
+1 720-647-9605
IR@gevo.com

Release – Cocrystal Pharma to Present at the Dawson James 2021 Small Cap Growth Conference on October 21 2021

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Cocrystal Pharma to Present at the Dawson James 2021 Small Cap Growth Conference on October 21, 2021

 

BOTHELL, Wash., Oct. 14, 2021 (GLOBE NEWSWIRE) — Cocrystal Pharma, Inc. (Nasdaq: COCP) (“Cocrystal” or the “Company”), a clinical-stage biotechnology company discovering and developing novel antiviral therapeutics that target the replication machinery of coronaviruses, influenza, hepatitis C viruses and noroviruses, announces that management will present at the Dawson James 2021 Small Cap Growth Conference on Thursday, October 21, 2021 at 2:00 p.m. Eastern time (10:00 a.m. Pacific time). The conference is being held at the Wyndham Grand Hotel in Jupiter, Fla.

“We are excited about recently receiving regulatory clearance from an Australian Human Research Ethics Committee (HREC) to initiate our Phase 1 trial in healthy volunteers with orally administered CC-42344 as a treatment for pandemic and seasonal influenza A, which remains a major global health concern,” said James Martin, CFO and interim co-CEO of Cocrystal. “We also look forward to discussing milestones with our COVID-19 antiviral programs during the presentation at this conference.”

A webcast of the presentation will be available live and archived on the IR Calendar of the company website.

About Cocrystal Pharma, Inc.
Cocrystal Pharma, Inc. is a clinical-stage biotechnology company discovering and developing novel antiviral therapeutics that target the replication process of coronaviruses (including SARS-CoV-2), influenza viruses, hepatitis C virus and noroviruses. Cocrystal employs unique structure-based technologies and Nobel Prize-winning expertise to create first- and best-in-class antiviral drugs. For further information about Cocrystal, please visit www.cocrystalpharma.com.

Investor Contact:
LHA Investor Relations
Jody Cain
310-691-7100
jcain@lhai.com

Source: Cocrystal Pharma, Inc.

Kratos Defense Security (KTOS) – 2022 NDAA Plays to Kratos Strengths

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Thursday, October 14, 2021

Kratos Defense & Security (KTOS)
2022 NDAA Plays to Kratos’ Strengths

Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.

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

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

    SASC 2022 NDAA. The Senate Armed Services Committee’s (SASC) 2022 National Defense Authorization Act (NDAA) mirrors to a great extent the same proposed legislation passed by the House. Delving deeper into the proposed legislation, we believe numerous proposals play to Kratos’ strengths.

    Details.  The SASC proposal allocates $740 billion to the DoD, in-line with the House’s $739.5 billion. Both are up significantly from both the Biden Administration’s $715 billion proposal, and fiscal 2021’s $704.5 billion enacted amount. We expect the Senate Defense bill to be released in the near future and then the two bills will need to be reconciled, but given the similarities, we would …



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. 

Great Lakes Dredge Dock (GLDD) – Another Large Award Out in Houston

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Thursday, October 14, 2021

Great Lakes Dredge & Dock (GLDD)
Another Large Award Out in Houston

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.

    Large Houston award to be final shortly. On Tuesday, the Port Commission of the Port of Houston Authority held a special meeting and awarded the first dredging contract of up to $95.4 million for Project 11, a multi-billion dollar expansion and deepening of the Houston Ship Channel. The work involves dredging 11.5 miles of the 52-mile channel and widening a major portion of the Galveston Bay reach. The base award and value of the options were not disclosed and a press release will be out once the award is finalized. If not finalized by the quarterly call, the pending award will be added to the low bids pending award total.

    Another low bid was out last week.  GLDD was low bidder at $29.4 million when bids on South Atlantic Regional Harbor Dredging (W912PM21B0008) were opened last week. As described in our last research report, the project, which includes work at five harbors along the east coast, is attractive since it fits environmental windows and hopper dredge availability …



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. 

Garibaldi Resources (GGIFF)(GGI:CA) – Drilling Moves On to Casper Awaiting Full Geophysical Survey Results

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Thursday, October 14, 2021

Garibaldi Resources (GGIFF)(GGI:CA)
Drilling Moves On to Casper; Awaiting Full Geophysical Survey Results

Garibaldi Resources Corp is a Canadian-based junior exploration company. It is engaged in the acquisition, exploration, and evaluation of mineral properties located in Canada and Mexico. The company’s projects in Mexico include the La Patilla, the Rodadero, the Tonichi and the Iris project. Its projects in Canada include the PSP and King projects, The Cariboo Copper and Gold project, the Red Lion project, the Grizzly project, the Tora Tora project and the Black Gold project.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

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

    Drilling shifts to Casper. Due to the early onset of winter on the precipices of Nickel Mountain, management has shifted drilling to the lower elevation Casper quartz gold vein target north of Nickel Mountain. Recall that four shallow diamond drill holes tested the Casper quartz vein discovery in December 2020 with each hole intercepting mineralization. We expect the company to drill 4 to 6 holes at the Casper target. Select rock samples have been found to exceed 1.0 gram per tonne extending along trend for 330 meters within a 500-meter-wide gold-in-soil anomaly.

    Geophysical survey results expected soon.  Garibaldi is expecting full results from the recently completed Z-Axis Tipper electromagnetic (ZTEM) survey that was completed over the entire Eskay Claim Group. Preliminary data identified several targets across the E&L and Palm Springs property that are near drill ready targets. The ZTEM survey data will help to define, rank, and prioritize deeper …



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. 

eSports Entertainment Group, Inc. (GMBL) – A Moose Or A Golden Goose

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Thursday, October 14, 2021

eSports Entertainment Group, Inc. (GMBL)
A Moose Or A Golden Goose?

Esports Entertainment Group Inc is a development-stage online gambling company focused purely on esports. The company’s principal business operations include design, develop and test wagering systems.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

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

    Fiscal Q4 falls short. While revenues were in line with expectations at $8.8 million, adjusted EBITDA loss was greater than expected at $5.4 million versus our loss estimate of $3.8 million. Operating expenses were significantly higher, which more than offset the better than expected gross margins.

    Lowering our fiscal 2022 adj.  EBITDA estimate. Management’s Fiscal Q1 revenue guide was lighter than what we were looking for at $16.0 million to $16.5 million versus our $19.0 million estimate. Fiscal full year 2022 revenue guide was reiterated at $100 million to $105 million. We are keeping our more conservative $95 million revenue estimate. Given elevated investment levels, we are raising our …



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.