Page 272 – Channelchek

Release – DLH to Announce Fiscal 2023 Fourth Quarter Financial Results

Posted on November 27, 2023November 27, 2023 by aweinsoff@channelchek.com

November 27, 2023

ATLANTA, Nov. 27, 2023 (GLOBE NEWSWIRE) — DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading healthcare and human services provider to the federal government, will release financial results for its fiscal fourth quarter ended September 30, 2023 on December 6, 2023 after the market closes. DLH will then host a conference call for the investment community at 10:00 a.m. Eastern Time the following day, December 7, 2023, during which members of senior management will make a brief presentation focused on the financial results and operating trends. A question-and-answer session will follow.

Interested parties may listen to the conference call by dialing 888-347-5290 or 412-317-5256. Presentation materials will also be posted on the Investor Relations section of the DLH website prior to the commencement of the conference call. A digital recording of the conference call will be available for replay two hours after the completion of the call and can be accessed on the DLH Investor Relations website or by dialing 877-344-7529 and entering the conference ID 4720443.

About DLH
DLH (NASDAQ:DLHC) delivers improved health and readiness solutions for federal programs through research, development, and innovative care processes. The Company’s experts in public health, performance evaluation, and health operations solve the complex problems faced by civilian and military customers alike, leveraging digital transformation, artificial intelligence, advanced analytics, cloud-based applications, telehealth systems, and more. With over 3,200 employees dedicated to the idea that “Your Mission is Our Passion,” DLH brings a unique combination of government sector experience, proven methodology, and unwavering commitment to public health to improve the lives of millions. For more information, visit http://www.DLHcorp.com.

INVESTOR RELATIONS
Contact: Chris Witty
Phone: 646-438-9385
Email: cwitty@darrowir.com

Release – Cocrystal Pharma to Present at the NobleCon 19 Conference on December 4, 2023

Posted on November 27, 2023November 27, 2023 by aweinsoff@channelchek.com

Research News and Market Data on COCP

NOVEMBER 27, 2023

BOTHELL, Wash., Nov. 27, 2023 (GLOBE NEWSWIRE) — Cocrystal Pharma, Inc. (Nasdaq: COCP) (“Cocrystal” or the “Company”) announces that James Martin, Chief Financial Officer and Co-Chief Executive Officer, will present a Company overview at Noble Capital Markets’ 19^th Annual Emerging Growth Equity Conference on Monday, December 4 at 1:30 p.m. Eastern time. The conference is being held December 3-5 at the College of Business Executive Education Building at Florida Atlantic University in Boca Raton, Fla.

“The coming year promises to be highly eventful with data expected from several of our antiviral development programs,” said Mr. Martin. “We are actively enrolling subjects in a Phase 1 clinical trial with our oral potent pan-coronavirus and pan-norovirus protease inhibitor CDI-988. With a Phase 2a human challenge clinical trial of our oral PB2 inhibitor CC-42344 for the treatment of pandemic and seasonal influenza A, we are on track to begin dosing subjects in the very near term. We look forward to keeping our shareholders updated and sharing near-term milestones at NobleCon 19 and future investment conferences.”

A webcast of the Cocrystal presentation will be available beginning December 5 on the Company’s website and will be archived for 90 days following the event.

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 influenza viruses, coronaviruses (including SARS-CoV-2) noroviruses and hepatitis C viruses. 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.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the initiation and expected data from the Company’s antiviral development programs for CC-42344 as a product candidate for oral treatment of influenza A and CC-988 for oral treatment of coronavirus and norovirus. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events. Some or all of the events anticipated by these forward-looking statements may not occur. Important factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to, risks relating to the manufacturing and research delays arising from labor shortages and other factors, the ability of our Clinical Research Organization partners to recruit volunteers for, and to proceed with, clinical trials, and general risks arising from or involved in conducting clinical studies for CC-988 and CC-42344, including the results of such studies. Further information on our risk factors is contained in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2022. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

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

Media Contact:
JQA Partners
Jules Abraham
917-885-7378
Jabraham@jqapartners.com

# # #

Source: Cocrystal Pharma, Inc.

Released November 27, 2023

Maple Gold Mines (MGMLF) – Looking Ahead

Posted on November 27, 2023November 27, 2023 by cpereira@noblefcm.com

Monday, November 27, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

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

Board appointment. Mr. Kiran Patankar has been appointed President and Chief Executive Officer and has joined the company’s Board of Directors. He has served as Interim President and Chief Executive Officer since August. Mr. Patankar has led the execution of Maple Gold’s updated corporate strategy, which includes a detailed assessment of the company’s district-scale projects. We believe he will reshape the company into a leaner and more focused entity with an emphasis on value-added exploration.

Reining in costs. In 2020, 2021, and 2022, Maple Gold’s general and administrative expenses were C$3.0 million, C$4.9 million, and C$5.9 million, respectively, and C$2.8 million for the first six months of 2023. Third quarter G&A expenses were $0.4 million. Based on third quarter financials, Mr. Patankar is making excellent progress reducing corporate overhead costs. As the operating partner, we expect the company to be judicious with its capital and that of its joint venture partner, Agnico Eagle Mines. As of September 30, Maple Gold Mines reported cash and cash equivalents amounting to C$4.4 million and marketable securities amounting to C$336.4 thousand. Approximately $6.0 million of Douay-Joutel joint venture funding remains available through January 2025 from Agnico Eagle.

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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

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.

LithiumBank Resources (LBNKF) – Favorable DLE Test Results Bode Well for Boardwalk PEA

Posted on November 27, 2023November 27, 2023 by cpereira@noblefcm.com

Monday, November 27, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

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

Impressive DLE test work results. Results from bench-scale G2L Greenview direct lithium extraction (DLE) test work on brine from LithiumBank’s Boardwalk lithium brine project produced a high-purity concentrated brine, or eluate, with lithium concentrations between 3,000 and 7,000 milligrams per liter with greater than 98% recovery of lithium from the brine and low levels of impurities.

Potential to reduce project operating costs. Lower cost reagents used in the G2L DLE processing are approximately a third of the cost of those used in the DLE process that was used in the company’s maiden Boardwalk PEA published in May 2023. The results are expected to be included in an updated Boardwalk PEA expected in late 2023.

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

Lifeway Foods (LWAY) – Moving Rating to Market Perform after Sharp Rise in Stock Price

Posted on November 27, 2023November 27, 2023 by cpereira@noblefcm.com

Monday, November 27, 2023

Joe Gomes, Managing Director, Equity Research Analyst, Generalist , 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.

Moving to Market Perform. With the shares exceeding our recently instituted $13 price target, we are lowering our rating to Market Perform from Outperform. While we remain impressed with operating results, we believe a good portion of the recent share performance is being driven in anticipation of a sale of the Company, which we do not believe is imminent.

Stock Performance. LWAY shares are up 82% since closing at $9.38 on November 13th. While we believe the sell off in the shares following strong operating results was unwarranted, the subsequent price rebound has exceeded our $13 price target. To maintain an Outperform rating, our PT would need to exceed $19.50, which we believe would have LWAY shares “priced to perfection” from an operating standpoint, which, given the uncertain state of the economy, is a stretch in our view.

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

Labrador Gold Corp. (NKOSF) – Drills Are Turning

Posted on November 27, 2023November 27, 2023 by cpereira@noblefcm.com

Monday, November 27, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

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

Drilling program. Labrador Gold currently has two drill rigs operating at its Kingsway gold project. One drill is operating at the Knobby discovery, while the other is operating in the Gap Zone between the Big Vein and Pristine targets. A third rig will likely be deployed in early December at the Golden Glove target. Drilling will test the area south of the Big Vein target to the southern boundary of the property which encompasses the Knobby discovery and Golden Glove. Once drilling is completed in the Gap Zone, the number of rigs operating will be two. Knobby is a priority target since the east-west strike crosscuts the regional northeast trend like structures known to host high-grade gold in quartz veins within the district.

Acquisition of the Hopedale property. Labrador Gold fulfilled the requirements of the Hopedale option agreement and exercised its option to acquire 100% of the four licenses covering 695 claims comprising the Hopedale property. Work to date by Labrador Gold has resulted in the discovery of three gold occurrences, which together with the previously known Thurber Dog occurrence, stretch over a 3-kilometer section of the northern portion of the Florence Lake greenstone belt.

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

Kratos Defense & Security (KTOS) – New Awards; Raising PT to $22

Posted on November 27, 2023November 27, 2023 by cpereira@noblefcm.com

Monday, November 27, 2023

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms, and systems for United States National Security related customers, allies, and commercial enterprises. Kratos is changing the way breakthrough technologies for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research, and streamlined development processes. At Kratos, affordability is a technology, and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training and combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.kratosdefense.com.

Joe Gomes, Managing Director, Equity Research Analyst, Generalist , 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.

New Contracts. Kratos has been awarded some additional significant contracts over the past two weeks, maintaining the momentum of award receipt over the past couple of quarters. We believe the new awards demonstrate the Company’s multi-sector capabilities.

Award 1. Kratos received a single-award, indefinite-delivery/indefinite-quantity contract with a ceiling value of $579 million for the Command-and-Control System Consolidated (CCS-C) Sustainment and Resiliency. Space Systems Command (SSC) is the contracting activity for the award. Kratos will sustain and provide post-production development for the current CCS-C system for telemetry, tracking and commanding of current and future military communication satellites.

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

COP28 Climate Summit Stirs Controversy, Poses Risks for Energy Investors

Posted on November 27, 2023November 28, 2023 by slightbourne@noblecapitalmarkets.com

As the next pivotal United Nations climate change conference quickly approaches, the COP28 summit to be held in Dubai has already attracted controversy before it even begins. Critics argue the UAE’s plans to use its host status to lobby for oil and gas deals creates an irreconcilable conflict of interest. This brewing scandal underscores risks for the energy investment community in navigating the global green transition.

Leaked documents revealed the summit’s president, Sultan Al-Jaber, intends to meet with officials from over a dozen countries to promote fossil fuel projects. As CEO of Abu Dhabi National Oil Company (ADNOC), the world’s 12th largest oil producer, Al-Jaber seemingly represents business as usual in the hydrocarbon sector – precisely as climate scientists urge rapid movement away from planet-warming emissions. This dual role as OPEC’s former president alongside COP28 president epitomizes the conference’s core tension.

While the UAE defends Al-Jaber’s energy background as an asset for summit leadership, others see an fox guarding the henhouse. Renewable energy interests hope COP meetings accelerate emissions cuts to open investment opportunities and meet targeted market shares. In contrast, unchecked fossil fuel dominance could strand assets and leave oil-rich economies behind. For financial institutions, balancing these competing interests grows increasingly complex.

As the global community seeks alignment on climate policy, COP28 takes on heightened importance after last year’s loss of momentum in Egypt. But with Al-Jaber pushing liquefied natural gas deals behind the scenes, the summit’s bold ambitions appear under threat – before even officially starting next week. This risks paralyzing investors betting on meaningful multilateral progress from the 12-day affair.

Rather than showcasing global unity, the conference could further fragment cooperative efforts. Those banking on strengthened commitments and standardized transparency may be severely disappointed. An already divided energy landscape would only become more fractured and filled with uncertainties.

While surging energy prices have boosted oil and gas profits recently, leaving firms cash rich for transitions, alerts sound over stranded asset dangers in the longer run. Without reliable political tailwinds, capital allocation planning swims in obscurity. Investors may continue clinging to the devil they know, slowing sustainability spending despite rhetorical Net Zero pledges.

ESG fund managers face particularly hard choices weighing reputational concerns with fiduciary obligations, as greenwashing allegations persist. Index providers must carefully contemplate emissions-heavy exposure amid heightening transition materiality. Even hydrocarbon majors pursuing renewables see climate credibility doubly damaged by COP28 coziness with embedded fossil fuel agendas.

In effect, the UAE’s COP28 aspirations throw harsh light on the messy entanglements linking energy incumbents to global cooperation imperatives. This summit was envisioned for closing gaps to carbon neutrality – not leveraging elite access for oil field services contracts or petrochemical exports. Dubai’s shone vision as progressive climate broker now sees tarnish.

While Al-Jaber resides at the controversy’s core, larger questions confront energy interests worldwide. How can multinational forums effectively drive sustainability without undermining diverse domestic interests or economic lifelines? Does climate progress rely on energy industrialists gradually conceding ground? Regardless of COP28’s impact, these dilemmas will persist in boardrooms everywhere industries collide with ecological boundaries.

For anxious energy investors, perhaps the greatest risk is policy paralysis. Without milestone markers implemented, capital deployment floats ambiguously while net-zero targets linger out of reach. Until political will consolidates around winding down emissions directly, bankers and shareholders face accumulating uncertainty handicapping strategic decision-making.

Of course, COP meetings have always brought thorny issues to the surface divisions easy to ignore otherwise. But the solution remains clear even if the path does not: economics needs ecology for human prosperity’s endurance. For financial players, that means sustained stakeholder value depends on sustainable business practices without exception. What hangs in the balance moving forward is how smoothly the global energy complex can stick that critical landing.

Take a moment to take a look at Noble Capital Markets’ Senior Research Analyst Michael Heim’s coverage list.

The Recent Russell 2000 Breakout Rally

Posted on November 24, 2023November 24, 2023 by slightbourne@noblecapitalmarkets.com

The Russell 2000 index has been an overlooked area of the stock market this year, dominated by the headlines and volatility of mega-cap tech and blue chips. However, a seismic shift occurred last Wednesday when the Russell 2000 rallied over 6% for its best day since March, turning positive for 2023.

This index of approximately 2,000 small-cap stocks just made Wall Street wake up and take notice thanks to this violent swing. Now is the time for investors to understand what’s driving the resurgence and how to capitalize in small caps.

What is the Russell 2000 and Why Does It Matter?

The Russell 2000 index measures the performance of U.S. small-cap stocks with market caps below $3.7 billion. Weights are assigned by market cap, so the index serves as a benchmark for bonafide smaller firms. These companies tend to be younger with higher volatility and growth prospects.

As a result, the Russell 2000 provides a barometer of investor sentiment towards risk assets. Turning points in the index can indicate shifts in the overall stock market as traders move towards or away from speculation.

The recent 6%+ rally last Wednesday jolted the Russell 2000 into positive return territory for the year so far, now up 4% year-to-date. This signals a potential appetite for risk returning to markets, with traders betting on outsized returns potential in small caps after a prolonged lull.

Why Invest in Small Caps?

Investing in Russell 2000 companies over other stocks has compelling advantages if timed appropriately in the market cycle. First, smaller firms have lower visibility and coverage, so mispricings are more common. This creates pockets of opportunities for above-average returns compared to efficient larger cap markets.

Additionally, smaller size allows for exponential growth that massive companies simply can’t replicate. A small cap doubling in customers or revenue could lead to a 10X stock return, while a blue chip would move only minimally. This asymmetric payoff profile rewards those willing to take on some extra risk.

Finally, identifying world-changing new products and innovations is easier in earlier stage small caps not yet on the main stage. Getting in early on the next Roku, Tesla, or Shake Shack while still qualifying for the 2000 index can deliver truly explosive portfolio growth.

What Investors Should Watch Next

Markets are now intently watching the Russell 2000 to see if last week’s awakening of small-cap animal spirits has true staying power. Traders want confirmation that the breakout can lead to a sustained run versus just being a short-lived dead cat bounce.

If the rally holds, it solidifies the thesis of rotating back towards risk—and earlier stage small names often lead the way in such environments. Savvy investors will use this volatility to start building positions in promising small caps with expanding growth prospects.

The secret is identifying the next crop of disruptors poised to multiply before the herd catches on. By getting ahead of the crowd now eyeing the Russell 2000’s surge, spectacular returns await those able to time the next leg up.

Bargain Hunting for Small Caps at NobleCon

One of the most effective ways to identify the small caps destined to drive the next market boom is to connect directly with leadership at the source. The annual NobleCon investor conference gives the opportunity for exactly that.

On December 3-5 in Boca Raton, Florida, small-cap firms will present their latest innovations, opportunities, and reasons to invest. Attendees gain first look access to fast-growing startups and tomorrow’s giants while they still qualify for the Russell 2000. Now in its 19th year, NobleCon19 promises to uncover the next crop of small cap innovators during the multi-day conference.

For investors looking to capitalize on the Russell 2000’s resurgence, NobleCon19 provides the direct pipeline to target ideas perfectly positioned to ride the reawakening wave in small caps. To learn more and register, visit www.noblecon19.com before discounted early bird rates expire.

Black Friday 2023 Kicks Off After Strong Online Sales on Thanksgiving

Posted on November 24, 2023November 24, 2023 by slightbourne@noblecapitalmarkets.com

Black Friday 2023 is officially here, kicking off the year’s biggest shopping weekend both online and in stores. Early indicators suggest consumers are hungry for deals, with e-commerce sales on Thanksgiving Day jumping 5.5% year-over-year to $5.6 billion according to Adobe Analytics.

The robust online sales activity on Turkey Day comes ahead of an expected $9.6 billion in Cyber Monday revenue, a 5.7% increase from last year. While these growth figures represent a slowdown from the blistering pace set during the pandemic, they highlight that holiday shoppers are still responding to discounts even amidst broader economic uncertainty.

This sets the stage for a pivotal Black Friday that may determine whether projections for up to 4% gains in total holiday sales materialize. Shoppers are expected to turn out in force to scoop up deals on popular items like toys, apparel, jewelry, and consumer tech that were top sellers online on Thanksgiving.

Mobile Shopping Surge Drives Online Revenue

Fueling the growth in Thanksgiving e-commerce sales is the continued surge in smartphone shopping. A record 59% of online revenue came from mobile devices as people browsed and bought gifts on the go. With mobile penetration rising every year, retailers have adapted their sites and apps to make it easier for iPhone and Android users to capitalize on promotions.

Savvy shoppers are discovering they can beat crowds and inventory shortages by taking advantage of online-only deals as well as ordering online and picking up in store. Retailers are encouraging this omnichannel behavior by making curbside pickup fast and frictionless. The convenience of mobile ordering combined with flexible fulfillment options underlies the shift towards more Thanksgiving and Black Friday spending happening digitally.

Top Deals Entice Consumers

Despite economic pressures from inflation and higher interest rates, consumers have shown a willingness to spend when the price is right. Adobe tracked toys discounted up to 28%, electronics up to 27% off, and computers 22% off on Thanksgiving, leading to triple-digit surge in those categories versus October.

Amazon and Target rolled out additional Black Friday toy deals with major markdowns on Barbie dream campers, Marvel action figures, and Nintendo Switch gaming bundles expected to rank among the most popular purchases.

Similarly, doors opening early at retailers like Best Buy, Walmart, and Apple will likely attract shoppers chasing deals on big-screen TVs, Bluetooth speakers, tablets, and the hot new Airpods Pro 2 earbuds. Though buying conditions are tougher this year, bargain hunters still prioritize snagging discounted must-have gifts for loved ones.

What’s at Stake for Retailers

While Thanksgiving and Black Friday don’t determine overall holiday fortunes, they set the tone for retailers during the critical year-end sales period. Those who miss targets this weekend play catch-up and may have to result to profit-busting promotions to move stagnant inventory later in December.

However, retailers who excite shoppers out the gates with alluring deals and experiences create positive momentum they can ride into the New Year. The outperformance of those players better able to adapt to the mobile and omnichannel-centric future of holiday shopping will be on full display this weekend.

For consumers, the state of Black Friday offers clues into buying conditions for the next month as they weigh completing wish lists amidst budget realities. With early reads tilting positive, cautious optimism seems warranted – though restraint may still pay off waiting to see if deals sweeten further in December.

One thing is certain: all eyes turn to how activity plays out on the unofficial start to the holiday sales season. Black Friday retains symbolic importance for retailers and consumers alike – so expect the 2023 version to again provide intrigue and insights into the health of the US consumer.

Release – Maple Gold Appoints Kiran Patankar as President And Chief Executive Officer, Files Q3 2023 Financial Results And Makes Equity Incentive Grants

Posted on November 22, 2023November 22, 2023 by aweinsoff@channelchek.com

Research News and Market Data on MGMLF

Vancouver, British Columbia–(Newsfile Corp. – November 22, 2023) – Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company“) today announced that its Board of Directors has appointed Mr. Kiran Patankar to the positions of President and Chief Executive Officer, effective immediately. Mr. Patankar had served as Interim President and Chief Executive Officer since August 28, 2023. Mr. Patankar has also joined the Board of Directors of Maple Gold.

“We are pleased to appoint Kiran Patankar as President and Chief Executive Officer of Maple Gold,” stated Michelle Roth, Maple Gold’s Chairperson, speaking on behalf of the Board. “From the time he was appointed Interim President and Chief Executive Officer in August 2023, Kiran has spearheaded the execution of the Company’s updated corporate strategy, which includes a thorough assessment of our district-scale Québec gold projects. He has fostered alignment between our technical team and our strategic and joint venture partner to improve exploration targeting and optimize results, while also driving significant overhead cost reductions. Kiran is an experienced corporate leader with a track record of successful team building and deep mining industry connections. We are fortunate to be able to harness his skills, temperament and steady hand to steer the Company in a new direction to enhance shareholder value.”

“I am delighted and honored to lead Maple Gold into its next phase of growth,” stated Kiran Patankar, President and CEO of Maple Gold. “While current market conditions remain challenging for junior gold explorers, our strong financial position, including nearly C$5 million of available liquidity as of September 30, 2023, combined with cost reduction efforts and a new value-oriented exploration approach in ongoing partnership with Canada’s largest gold producer ideally positions the Company to discover the next major gold camp in Québec’s prolific Abitibi Greenstone Belt. I look forward to working with the dedicated team and Board of Directors at Maple Gold to build upon the Company’s strong foundation and contribute to its future success.”

Mr. Patankar has more than 15 years of senior leadership experience in the mining industry. He has served as Maple Gold’s Interim President and Chief Executive Officer since August 2023, after serving as the Company’s Chief Financial Officer since 2022 and its Senior Vice President, Growth Strategy since 2021. From 2015 to 2018, Mr. Patankar served as President, CEO and a Director of two TSX-V listed gold exploration and development companies, where he led growth initiatives and orchestrated successful company turnarounds. As an investment banker with leading Canadian and global financial institutions from 2007 to 2014, he worked exclusively with mining companies on strategic corporate matters and executed M&A and corporate finance transactions totaling more than C$3 billion in value. Mr. Patankar holds a Bachelor of Science in Geological Engineering from the Colorado School of Mines and an MBA from the Yale School of Management.

Q3 2023 Financial Results

The Company filed its Q3 2023 Financial Statements and MD&A on SEDAR+ (www.sedarplus.ca) on November 20, 2023. The Company’s Q3 2023 Financial Statements and MD&A are also available on the Company’s website (www.maplegoldmines.com).

Equity Incentive Plan Grants

Pursuant to its Equity Incentive Plan (the “Plan”) dated December 17, 2020, as amended, and the policies of the TSX Venture Exchange, the Company’s Board of Directors granted stock options (“Options”) and Restricted Share Units (“RSUs”) to certain employees, officers, directors and consultants. The Company granted Options to purchase an aggregate of 3,825,000 common shares of the Company (each, a “Common Share”), with an exercise price of $0.06 per Common Share. Each Option grant vests in three equal tranches over a 24-month period. Once vested, each Option is exercisable into one Common Share for a period of five years from the date of the grant. The Company also granted a total of 400,000 RSUs. Each RSU grant vests in three equal tranches over a 24-month period. Once vested, each RSU entitles the holder thereof to receive either one Common Share, the cash equivalent of one Common Share or a combination of cash and Common Shares, as determined by the Company, net of applicable withholdings.

The Company also terminated an aggregate of 4,125,000 Options that were previously granted to certain former employees and consultants who are no longer providing services to the Company.

About Maple Gold

Maple Gold Mines Ltd. is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Limited to jointly advance the district-scale Douay and Joutel gold projects located in Québec’s prolific Abitibi Greenstone Gold Belt. The projects benefit from exceptional infrastructure access and boast ~400 km² of highly prospective ground including an established gold resource at Douay (SLR 2022) that holds significant expansion potential as well as the past-producing Eagle, Telbel and Eagle West mines at Joutel. In addition, the Company holds an exclusive option to acquire 100% of the Eagle Mine Property.

The district-scale property package also hosts a significant number of regional exploration targets along a 55 km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the project ripe for new gold and polymetallic discoveries. The Company is well capitalized and is currently focused on carrying out exploration and drill programs to grow resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi. For more information, please visit www.maplegoldmines.com.

ON BEHALF OF MAPLE GOLD MINES LTD.

“Michelle Roth”

Michelle Roth, Chairperson

For Further Information Please Contact:

Mr. Kiran Patankar
President & CEO
Tel: 604.639.2536
Email: kpatankar@maplegoldmines.com

NEITHER THE 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 PRESS RELEASE.

Forward-Looking Statements:

This press release contains “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada, including statements about exploration work and results from current and future work programs. Forward-Looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedarplus.ca or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/188353

Xcel Brands (XELB) – All According To Plan

Posted on November 22, 2023November 22, 2023 by cpereira@noblefcm.com

Wednesday, November 22, 2023

Xcel Brands, Inc. 1333 Broadway 10th Floor New York, NY 10018 United States https:/Sector(s): Consumer Cyclical Industry: Apparel Manufacturing Full Time Employees: 84 Key Executives Name Title Pay Exercised Year Born Mr. Robert W. D’Loren Chairman, Pres & CEO 1.27M N/A 1958 Mr. James F. Haran CFO, Principal Financial & Accou

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.

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

Solid Q3 results. The company reported $2.9 million in revenue, which was in-line with our estimate of $2.6 million. Adj. EBITDA loss of $1.4 million was modestly lower than our estimate of a loss of $0.8 million. Notably, Q3 operating results were affected by less QVC programming due to talent scheduling conflicts related to a return to an in-studio production policy and non-recurring restructuring expenses.

Favorable licensing model. In November, the company completed its transition to a licensing model, and should report the last portion of its restructuring costs in Q4. Notably, we anticipate significant reductions in direct operating expenses from 2022 levels of roughly $7.5 million to roughly $4.0 million in 2024. Additionally, in Q4, we estimate sequential licensing revenue growth from Q3.

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

Hemisphere Energy Corporation (HMENF) – Results beat expectations on higher pricing and lower costs

Posted on November 22, 2023November 22, 2023 by cpereira@noblefcm.com

Wednesday, November 22, 2023

Michael Heim, Senior Vice President, Equity Research Analyst, Energy & Transportation, Noble Capital Markets, Inc.

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2023-2Q production rose as expected with new wells coming online. A robust summer of drilling resulted in higher production. Post-quarter flow rates allow us to bump up future production estimates.

Realized prices came in better than expected. The basin discount was reduced adding to the rise in oil index prices. Management added swaps at attractive prices in response to higher oil prices.

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