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Stocks To Buy Now Blog

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McEwen Mining Inc.’s (NYSE: MUX) (TSX: MUX) 52%-Owned McEwen Copper Releases ‘Exciting Results’ from Los Azules Copper Project Revealing Continuity of Mineralization

  • McEwen Mining, a diversified gold and silver producer with operations in the Americas, owns 52% of McEwen Copper and its Los Azules Project in San Juan, Argentina
  • McEwen Copper has reported initial exploration and solid delineation results that have similarities to world class porphyry copper deposits in Chile and Peru
  • Exploration results (AZ22174) include 1,052 m of continuous copper mineralization to the end of the hole implying extensions of the deposit to the north and at depth
  • Delineation results (AZ23191) revealed copper continuity in the core of the deposit, with some of the highest grades reported to date
  • McEwen Copper will release an update of results from its extensive drill program of more than 25,000 m in 75 new holes in the near future

McEwen Copper, the base metal developer 52% owned by McEwen Mining (NYSE: MUX) (TSX: MUX), recently reported infill and step-out exploration drilling results at its 100%-owned Los Azules Project in Argentina. Los Azules, a large porphyry copper-gold-silver deposit with considerable growth potential, has many characteristics comparable to world-class deposits in South America. Interestingly, while its ultimate depth and lateral extent are unknown, the project is already ranked as the world’s 9th largest undeveloped copper project (https://ibn.fm/7ettb).

The reported assay results include one drill hole from exploration and one from the delineation. The exploration program targets increasing known mineralization further to the north and at depth. The delineation program seeks to reduce geological and resource modelling risk prior to a planned 2024 feasibility study. The company’s initial exploration hole, AZ22174, was drilled to a depth of 1,128 m, with visible copper mineralization observed along its entire core length during logging. Assaying results include a 1,052 m intercept averaging 0.29% copper (“Cu”), 0.05 g/t gold (“Au”), and 1.0 g/t silver (“Ag”). Within this intercept a high-grade core returned 480 m of 0.42% Cu and also included a 26 m sub-interval of early mineral porphyry and quartz veinlets averaging 1.46% Cu (https://ibn.fm/Xsg9w).

Mineralization along the drill hole is more prevalent below 500 m, where more than 66% of the overall contained copper in the hole (480 m grading 0.42% Cu) resides. According to McEwen Copper, the results from AZ22174 reinforce its belief in deposit extensions likely occurring to the north and at depth.

“Exciting results in hole AZ22174 highlight the potential of exploration to create additional value for McEwen Copper, and continuity of mineralization in the infill program is de-risking our mineral resource.” commented Michael Meding, Vice President and General Manager of McEwen Copper.

Meanwhile, the delineation program continued in hole AZ23191, which lies 50 m north of Section 36 (see Figure 2 of the January 26 press release; https://ibn.fm/5c8Rc) near the center of the deposit. Assay results grading 1.39% Cu over 236 m, including a 42 m sub-interval with grading 2.78% Cu are among the very best intercepts reported on the project to date. Assays along the final 31 m of the hole remain pending. Such a high grade intercept occurring proximal to a lower grade hole in the core of the deposit (AZ22180), is indicative of the structurally controlled nature of mineralization. Overall, grades are highest where structural control is strongest.

The exploration and delineation drilling program restarted in October last year, and covers more than 25,000 m in 75 new holes. The program, which is designed to (a) demonstrate extensions of the Los Azules project to the north, south, and at depth, (b) provide metallurgical, hydrological, and geotechnical data to facilitate mine design, and (c) increase infill drilling to upgrade the Cu, Au, and Ag resource classification to measured and indicated, is on course. Since January 2022 and the third week of February 2023, McEwen Copper had completed more than 30,000 m of drilling. The company expects to release a more comprehensive update of results from the drilling campaign soon.

McEwen Mining is a diversified gold and silver producer with operations in Nevada, Canada, Mexico, and Argentina. The company also has significant exposure to copper through its 52%-owned McEwen Copper, owner of the Los Azules project in Argentina and the Elder Creek project in Nevada.

For more information, visit the company’s website at www.McEwenMining.com.

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) – Leveraging Strategic Partnerships and Advanced Processing Technology to Disrupt China’s Dominance in Critical REE Space

  • Ucore is a company engaged in the exploration for and separation and scalable production of REEs in Canada and the US
  • The company is focusing on a section of the REE supply chain where China has taken control of rare earth oxide production: the midstream
  • Ucore is focused on finding US-allied friendly feedstocks upstream, processing them, and then feeding them to customers downstream that want to find an ex-China solution to be able to make things work for them
  • The company’s RapidSX is a more competitive REE processing technology that improves the efficiency of the conventional solvent extraction process, resulting in better throughput and other allied benefits

Scientists have continuously explored the potential of rare earth elements in various fields, and have long established them as nation-critical. Just recently, a team led by Professor Ranga Dias discovered a new superconducting material that “works at both a temperature and a pressure low enough to actually use it in practical situations,” according to an article in the Independent (https://ibn.fm/SRCOv). The material is made by mixing a rare earth metal called lutetium with hydrogen and a small part of nitrogen and leaving these elements to react for two or three days at high temperatures.

To acquire its superconducting properties, the material, nicknamed ‘reddmatter,’ must be compressed to about 145,000 psi and heated to 20.5°C. But according to the article, these conditions are vastly less intense than other similar materials, which is why Andrew Griffin, the author, believes the material has reached “a breakthrough that scientists have been chasing for more than a century, in making a material that is able to transmit electricity without resistance and pass magnetic fields around the materials.”

‘Reddmatter’ is just the latest example of the potential of rare earth elements (“REEs”), which are currently 17 in total in Mendeleev’s periodic table. REEs are considered strategic resources because they are rare (in that they require significant processing), valuable, non-substitutable, and difficult to imitate. As raw materials, they are indispensable in a wide range of sectors, including energy, agriculture, and national defense, among others (https://ibn.fm/be8xp).

With each passing day, the demand for REEs continues to rise, yet the natural reserves remain limited and largely concentrated in China. In fact, as of December 2022, China accounted for 63% of the world’s REE mining, 85% of REE processing, and 92% of rare earth magnet production, according to Politico magazine (https://ibn.fm/Tfp0q).

However, Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company engaged in the exploration for and separation and scalable production of REEs in Canada and the US, is out to ensure that China’s dominance does not leave vulnerable those North American companies that are particularly reliant on these critical rare earth elements. This comes at a timely juncture, especially considering the degrading China-US relationship.

To achieve this, Ucore is looking at the means of REE processing used in China and trying to find better ways to do that in North America, thereby taking back control of the supply chain. According to the company’s November 2022 investor presentation, the REE supply chain comprises three main segments – the upstream, midstream, and downstream – with each made up of two supply nodes. The upstream consists of REE ore and REE mineral concentrate production, the midstream features the production of REE chemical concentrate and REE oxides, and the downstream is made up of the manufacture/production of REE metals and alloys and REE-based magnets and components (https://ibn.fm/ECbL3).

“Where Ucore is very focused on is in the middle of this supply chain market. It’s the midstream. It’s the part where China has taken control of rare earth oxide production, which then gets turned into metals and alloys and eventually permanent magnets. And once you have permanent magnets, you’re controlling the entire industry,” said Ucore Chairman and CEO Pat Ryan in a presentation published on the company’s website (https://ibn.fm/ONpB5).

“So, Ucore is focused on finding US-allied friendly feedstocks to the left – upstream – [processing the feedstocks], and then feeding them into customers downstream that want to find an ex-China solution to be able to make things work for them. That mid-market is where China has taken control. That’s where Ucore will make a difference. No one’s doing what you’re doing. We are taking advantage of recreating the mid-market in North America, which is crucial to recreating the supply chain,” Ryan continued.

Ryan further stated that North American OEMs are looking for ex-China solutions, which has brought them to its doorstep; as a result, Ucore is engaged in ongoing discussions with them. UURAF, therefore, plans to leverage strategic partnerships with these North American companies, both on the upstream and downstream ends of the supply chain spectrum, to disrupt China’s dominance.

Meanwhile, the company has “westernized” REE processing, making it more competitive. In May 2020, Ucore acquired Innovation Metals Corp., which has innovated the RapidSX(TM) process, a derivation of the conventional solvent extraction (“SX”) separation and recovery process. RapidSX improves the efficiency of SX through physical means, resulting in better throughput and, consequently, a smaller plant footprint, lesser reagent use, lower capital expenditure, and lower energy consumption.

For more information, visit the company’s website at www.Ucore.com.

NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF

Freight Technologies Inc. (NASDAQ: FRGT) Announces Update for Fr8TMS, Focusing on Cross-Border Shipping and Freight Movement Within USMCA Region

  • Fr8Tech aims to revolutionize the commercial trucking industry by introducing logistics and transportation technology catered to moving freight within the USMCA region more efficiently and cost-effectively
  • The update includes several new features and improvements, including real-time tracking and monitoring of shipments, which will allow shippers to see exactly where their freight is at all times and receive notifications for delays
  • Fr8Tech projects that during 2023, it will hit revenues between $36 million and $42 million, compared to preliminary 2022 revenue of approximately $26 million to $27 million

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company developing solutions to optimize and automate the supply chain process, providing an AI and machine-learning platform, Fr8App, for B2B cross-border shipping in USMCA regions, has announced the launch of a major update for its transportation management system, Fr8TMS 3.0. This platform upgrade aims to revolutionize the commercial trucking industry by introducing advanced logistics and transportation technology to move freight within the USMCA region, focusing on cross-border shipping.

According to data from the U.S. Department of Transportation, the ongoing disruption in U.S.-Chinese trade relations has strengthened Mexico’s status as the largest trading partner of the U.S., with cross-border annual freight spending estimated at $385 billion (https://ibn.fm/XO12n). Fr8Tech’s wholly-owned Mexican subsidiary aligned automation of its Fr8App platform with Mexico’s CFDI 4.0, a new standard for digital tax receipts which became mandatory in January 2023.

“We are excited to introduce this new update to the Fr8TMS, which will revolutionize the commercial trucking industry. The new features and improvements will make it easier for shippers to move their freight, and it will also benefit carriers and drivers by connecting them with shippers looking to move their freight,” said Javier Selgas, CEO of Fr8Tech (https://ibn.fm/Cirj8).

The update for Fr8TMS includes several new features and improvements, including better real-time tracking and monitoring of shipments, which will allow shippers to see exactly where their freight is at all times – receiving notifications if there are delays or issues with the shipment. A new rating system for carriers will allow shippers to compare the performance of multiple carriers to make better-informed decisions about which carrier to use for their shipments.

Fr8Tech’s Fr8App platform and mobile app connect shippers, carriers, and drivers – making it easier for freight to be moved within the USMCA region. It boasts a streamlined booking process, improved search and filtering options, and the new transportation management system for easy access, making it easier for shippers to find and book the right freight at the right price.

Fr8App is easy to use and begins with creating an account on the company’s website. Once registration is completed, an Fr8App representative reaches out to ensure that all necessary information has been provided and to provide support in setting up the initial shipment. Once an account has been created, the next steps include the following:

  • Logging into the online account and scheduling the shipment, which includes the pickup and delivery locations, generating a cost estimate. Once approved, the shipment can be confirmed with a single click
  • Once the shipment is confirmed, truck drivers can view the shipment information and choose to accept the job. The driver then collects the cargo at the agreed-upon time, and the shipper receives regular updates and tracks the shipment as it progresses
  • The truck driver will take pictures to confirm successful delivery at the final destination. Shippers can reserve loads up to two weeks in advance, with a minimum notice period of 24 hours

Fr8Tech projects that during 2023, it will hit revenues between $36 million and $42 million, compared to preliminary 2022 revenue of approximately $26 million to $27 million. The Fr8App team is dedicated to the continuous improvement and evolution of its platform to meet the needs of its customers. The company is confident that the new update will make Fr8App more valuable for shippers, allowing them to save time and money on their freight operations.

For more information, visit the company’s website at www.Fr8Technologies.com and its freight matching platform at www.Fr8.app.

NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT

Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
310.299.1717 Office

121 Mining Investment is in Las Vegas To Offer Two Days of Investment Meetings and Exceptional Market Analysis

121 Mining Investment Las Vegas (28-29 March) offers junior resource companies and investors from the mining spectrum a unique platform to connect and network for future growth and key business prospects.

The CEOs from 55 vetted natural resource companies are heading to bustling Las Vegas to present project updates and meet over 150 investors for two days of 1-2-1 meetings.

These meetings will run alongside a content-packed conference schedule, covering topics such as the energy transition, the gold outlook, precious metals investment strategies, uranium, and the impacts of megatrends on metals and mining investing.

Qualified investors are able to attend the event free of charge. Attending investors will not only be able to schedule 1-on-1 meetings with leading mining company CEOs and hear analysts and stock pickers present, they will also be able to enjoy the fantastic networking Las Vegas has to offer. All attendees are also invited to 121 Las Vegas networking drinks at Circa’s Legacy Club rooftop bar on March 28th from 17:00.

If you are unfamiliar with 121 Group, they are the world’s leading dedicated mining investment event series, organising summits worldwide. Their portfolio includes events in London, New York, Cape Town, Hong Kong, Sydney, Melbourne, Singapore and Las Vegas.

Whether you are an investor looking for exciting new projects, or a mining company hoping to raise capital and make new connections, 121 Mining Investment Las Vegas is THE premier forum to make it happen.

To learn more, please visit https://ibn.fm/KAfYA

The Venture Debt Conference is taking place March 31 in New York

DealFlow Events is pleased to announce its upcoming event, The Venture Debt Conference, taking place March 31 in New York City. This conference couldn’t have come at a better time for executives interested in loan strategies for VC-backed and emerging growth companies. This event will discuss in detail the effects that the Silicon Valley Bank failure will have on the venture debt market by the top experts in the space.

The use of venture debt has been gaining in popularity as emerging growth companies grapple with a more challenging market for equity venture capital. Many debt products such as term loans, revenue-based financing, receivables financing, and equipment financing fall under the broad moniker of venture debt, but despite the popularity of these products, for many, venture debt remains an unfamiliar form of financing.

Hosted by DealFlow Events, this full-day forum addresses the growing interest in using venture debt to complement venture capital and to discuss alternative financing with companies unfamiliar with these investment strategies. Companies interested in obtaining venture debt can attend the event for free.

The conference will feature speakers and panel discussions from industry experts, including Troy Zander, Barnes & Thornburg, John Borchers/Decathlon Capital, Spring Hollis/Star Strong Capital, John Markell/Armentum Partners, Steve Kietz/Reliant Funding, Dolph Hellman/Orrick, Thomas Ritchie/Biz2Credit, Catherine Jhung/Hercules Capital, Melissa Winder/Lighter Capital, Kai Tse/Structural Capital, David Spreng/Runaway Growth Capital, Alidad Vakili/Foley & Lardner, Peter Frank/i80 Group, Dan Devorsetz/Horizon Technology Finance, David Teten/Versatile Venture Capital, and Brent Bertino/Trinity & ESW Capital.

Corporate sponsors of The Venture Debt Conference include Armentum Partners, Barnes & Thornburg, Horizon Technology Finance, DLA Piper, RRBB Accounting & Advisors and IBN (InvestorBrandNetwork).

Attendees will have the opportunity to learn about the latest trends in the venture debt market, as well as gain valuable insights into fundraising strategies. In addition to the conference program, attendees will also have access to a variety of networking opportunities, including a networking reception and one-on-one meetings with venture debt providers.

About The Venture Debt Conference

The Venture Debt Conference addresses the growing interest in using venture debt to complement venture capital while offering a forum to discuss alternative financing to companies that may not be familiar with these investment strategies.

To learn more, please visit https://ibn.fm/7LYir

Contact: Charlie Napolitano (516) 876-8006 ext. 20 charlie@dealflowevents.com

SideChannel Inc. (SDCH) Helps SMB Clients Identify Hidden Cybersecurity Threats Through vCISO Guidance, Enclave Microsegmentation SaaS

  • Cybersecurity services and technology provider SideChannel Inc. is a provider of expert “virtual” chief information security officer (“vCISO”) guidance to SMBs that can’t sustain a full-time CISO as part of their staff budget
  • The need for CISO guidance is apparent in the trillions of dollars lost worldwide to cyber attacks on a yearly basis and the ever-evolving nature of cyber attack threats
  • SideChannel also provides a microsegmentation software-as-a-service (“SaaS”), branded Enclave, that is available to clients via subscription or as a managed service offering, to help strengthen company computer systems against invasive attacks
  • SideChannel is celebrating its ability to retain its clientele revenue on an ongoing year-to-year trailing basis, the company’s CFO stated in a recent company webcast

As companies assess their security needs to avoid severe damage to their budget line and reputation, cybersecurity needs are taking on an ever greater emphasis. An estimated 30,000 websites are hacked daily, with the cost of cyber attacks placed at $6 trillion last year, underlining the reality of a malicious environment for business activities online (https://ibn.fm/fR7i8).

While businesses routinely are identifying cyber threats to their operations, a serious question they need to ask themselves is just how many threats are currently undetected, as risk management company C2’s CEO Jonathan Wood recently noted in a CPO Magazine article. It’s important to consider that many cybercriminals will breach a company’s infrastructure, and then lurk in the shadows until the most opportune moment arises for launching a full-scale attack (https://ibn.fm/FIKiC).

Detecting hidden cyber threats can be complicated and easily overlooked until they strike and damage is done.

“We’re seeing attacks increase. We’re seeing the costs of these attacks increase over time. And we’re seeing (the nature of the attacks) change,” SideChannel (OTCQB: SDCH) CEO Brian Haugli stated in a live company webcast recently.

SideChannel is a cybersecurity services and technology provider whose key service is providing virtual chief information security officers (“vCISOs”) on contract to small and medium-sized businesses (“SMBs”) that don’t have a budget capacity to hire their own full-time CISOs.

“Our revenue is really built on relationships,” CFO Ryan Polk added during the webcast (https://ibn.fm/MWldH). “The vast majority of the work that we do for our clients has an ongoing nature to it. … We are retaining about 73 percent on a trailing 12-month basis of the revenue that we generated one year ago.”

Although vCISOs might be described somewhat dismissively as rent-a-CISOs, SideChannel’s cybersecurity experts are presented to clients as guidance providers who can work in the boardroom alongside the companies’ leading officers.

“The cybersecurity profession is now akin to legal, and accounting, and insurance,” Haugli said during the webcast. “When we look inside organizations at the enterprise level we see the CISO right there with HR (Human Resources), and GC (General Contracting), and Internal Audit and other C-suite members for a reason. Because that’s how important it is for that organization’s success to address cybersecurity as an operational risk at an enterprise level. And our clients are seeing it, and they’re realizing the value that they’re getting out of it by working with us.”

SideChannel also has developed a microsegmentation security product named Enclave that it offers either as a software-as-a-service (“SaaS”) tool on a subscription basis, or as a managed service offering that exceeds what is otherwise available throughout the industry.

“Our (product) focus right now is to continue Enclave development and the roadmap we’ve built out for that,” Haugli said. “We are looking at new features around protecting endpoint devices with a more cloud-based and scalable capability. So we’re going to continue to develop around Enclave, adding new features and capabilities that make sense for how Enclave is structured — based … on what we’re seeing in our clients, what we’re hearing from our CISOs and what types of attacks or attack surface is out there.”

For more information, visit the company’s website at www.SideChannel.com.

NOTE TO INVESTORS: The latest news and updates relating to SDCH are available in the company’s newsroom at https://ibn.fm/SDCH

Lexaria Bioscience Corp. (NASDAQ: LEXX) Tracking Proprietary Path to Drug Delivery Innovation and Commercialization on Robust R&D Programs

  • Lexaria Bioscience is a global innovator in drug delivery platforms
  • The company has been developing and commercializing patented DehydraTECH(TM), a technology that has been shown to increase the bioavailability of fat-soluble active molecules, improve the speed of onset and provide other benefits across multiple applications
  • Lexaria has undertaken numerous R&D programs in an effort to build relationships with prospective corporate partners to out-license the technology or to form other profitable corporate relationships
  • The company owes its achievements to its focus on R&D and the guidance provided by its highly experienced leadership, including CEO Chris Bunka, President John Docherty, as well as a dedicated and active board of directors

Lexaria Bioscience’s (NASDAQ: LEXX) path to becoming a global leader and innovator in drug delivery traces its origins to 2014, when CEO Chris Bunka redirected the company to its current business, focusing on the research and development (“R&D”) of the delivery of lipophilic active molecules based on its patented DehydraTECH(TM) technology. Protected by 28 granted patents worldwide, with many more pending around the world, the technology can lay claim to the potential of disrupting the drug delivery space as it is known today.

Typically, a drug delivery system is a formulation or a device that enables the introduction of a therapeutic substance into the body. It is specifically designed to improve the substance’s efficacy and safety by controlling the rate, time, and place of release of drugs in the body. Over the years, drug delivery scientists have been on a quest to improve the existing systems, leading to the introduction of nanoparticles, emulsifiers, and microalgae-based oral microcarriers (https://ibn.fm/V9lDo), just to name a few.

This quest is informed in large part by the shortcomings of existing systems. And as Lexaria has established, these systems are not particularly effective at delivering as much of the drug as possible into the bloodstream for use by the body; to put it more technically, they have low bioavailability. Additionally, the company has observed that drugs, especially fat-soluble active pharmaceutical ingredients (“APIs”), take a considerable time to start working when delivered using the existing systems.

In light of the evident shortcomings, Lexaria has been developing DehydraTECH, a platform technology that enhances the performance of several categories of fat-soluble active molecules and drugs across oral and/or topical formats. DehydraTECH, the company explains on its website, is an additional step that is easily and seamlessly incorporated into the formulation and manufacturing process of existing or new products.

“This step involves mixing the active ingredients as a delivery ‘payload’ together with certain fatty acids, infusing the mixture into a substrate material, and then using controlled dehydration synthesis processing to associate the payload and fatty acids together at a molecular level, before integrating the newly combined molecules into end-product production across a range of dosage form factors,” the website continues (https://ibn.fm/jsri8).

The result? The improved and more rapid absorption of active molecules into the bloodstream and brain tissue. This benefit, according to Lexaria, stems from the fact that DehydraTECH works symbiotically with existing physiological systems, thus enabling better bioavailability and bio-absorption. Another result is that fat-soluble molecules processed using the DehydraTECH technology become masked to oral and olfactory receptors, rendering them mostly flavorless and odorless.

Since 2014, Lexaria has undertaken multiple R&D programs covering such DehydraTECH-processed active molecules as nicotine, cannabidiol (“CBD”), and antiviral drugs (https://ibn.fm/cObdA). These initiatives have not only proven the above results to be true but also opened up additional commercialization opportunities.

“Our applied R&D is paying off in spades because we are currently in active discussions with several multi-billion dollar companies around the world, for the potential use of Lexaria’s DehydraTECH technology in their commercial product pursuits,” Bunka wrote in the annual CEO letter to shareholders published January 2023 (https://ibn.fm/FOOVZ). “It is a direct result of our positive R&D programs that, as 2023 begins, we are actively involved in several sets of ongoing discussions and due diligence proceedings with potential corporate partners with a goal of collaboration, DehydraTECH out-licensing, or other corporate relationships.”

Additionally, the company is working toward an Investigational New Drug (“IND”) application that will seek FDA’s approval to undertake Phase 1(b) registered trial evaluating DehydraTECH-CBD as a potential treatment for hypertension. The study, which will seek to uncover the safety and tolerability of the formulation, is expected to begin this year.

Lexaria’s accomplishments so far can be attributed largely to the guidance of CEO, Chairman and Director Chris Bunka, President and Director John Docherty, and the company’s board of directors with members who have decades of experience in public and private businesses.

For instance, Dr. Catherine C. Turkel, Pharm.D, Ph.D., has over 20 years’ experience as an executive in startup and mid-size pharma or biotech companies. Having previously served as Founder and CEO of Nezee Therapeutics and President and R&D Head at Novus Therapeutics, since renamed Eledon Pharmaceuticals (NASDAQ: ELDN), she has formulated registration and commercial strategic plans and spearheaded global development programs for pharmaceutical and biologic treatments from phase 1 through phase 4 (https://ibn.fm/o3FLS). Her experience will, therefore, be invaluable as Lexaria conducts its planned FDA clinical trials.

For more information, visit the company’s website at www.LexariaBioscience.com.

NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://ibn.fm/LEXX

India Globalization Capital Inc. (NYSE American: IGC) Reports Triple-Digit Revenue Growth, Phase 2 Study Highlights in Q3 2023 Report

  • Net revenue increased 133% to $332,000 in the three months ended Dec. 31, 2022, the company reports
  • Corporate highlights included expanded trial sites, enrollment for phase 2 IGC-AD1 study
  • Commencement of study marks milestone in IGC’s progress toward gaining FDA approval for proprietary treatment

In a fragile economic environment, the third-quarter 2023 financial results reported by India Globalization Capital (NYSE American: IGC) are particularly remarkable. The company, which is pursuing effective treatment for Alzheimer’s patients suffering with agitation and other neuropsychiatric symptoms, released a report showing an increase in net revenue of 133% for the three-month period ending Dec. 31, 2023, and an increase in net revenue of 175% for the nine-month period ending the same day (https://ibn.fm/CtTBZ).

“Net revenue increased 133% to $332,000 in the three months ended Dec. 31, 2022, compared to $142,000 in the three months ended Dec. 31, 2021,” the company reported. “Net revenue increased 172% to $745,000 for the nine months ended Dec. 31, 2022, compared to $275,000 for the nine months ended Dec. 31, 2021, driven mainly by the company’s life-science segment, which includes, among others, natural products targeting women with premenstrual syndrome (‘PMS’), period pain and sleep disorder.”

The report also noted corporate highlights for the quarter, two of which are related to the company’s phase 2 clinical trial evaluating IGC-AD1 for agitation in dementia from Alzheimer’s disease. The report stated that the number of sites participating in the trial has expanded to a total of four — three in the United States and one in Canada — and that the trial will enroll 146 patients, with one-half of the participants receiving a placebo and the other half receiving IGC-AD1.

“The company is encouraged by the patient enrollment and interest from many of the leading research centers and has decided to increase the number of trial sites to between 10 and 12 from the originally planned four to five,” the company observed. “This will help accelerate the timeline for completion and diversify the patient demographics.” The goal of the trial, the company went on to explain, is to evaluate and establish over a six-week period the efficacy of IGC-AD1 in treating agitation in dementia from Alzheimer’s disease.

 “We are delighted with the progress made during this quarter, highlighted by the commencement of the phase 2 clinical trial for our drug candidate IGC-AD1 for the safety and efficacy of the drug on agitation in dementia due to Alzheimer’s disease,” said IGC CEO Ram Mukunda. “This represents a milestone in our progress towards gaining FDA approval for IGC-AD1, which we believe has the potential to revolutionize the treatment of Alzheimer’s disease as the first and only low-dose, natural, THC-based candidate currently undergoing FDA trials.

Moreover, our sales of natural products, which include gummies and pain relief creams, are seeing increased traction in the market,” he continued. “We’re encouraged by our third quarter results and look forward to driving continued expansion through the balance of fiscal 2023.”

IGC develops advanced cannabinoid-based formulations for treating diseases, including but not limited to Alzheimer’s disease, Parkinson’s disease, chronic pain and pet seizures. The company sells various brands of CBD-based consumer products, including Holief, which includes gummies and pain relief creams for women experiencing premenstrual syndrome and dysmenorrhea (period cramps). The company operates facilities in the United States under Good Manufacturing Practices.

For more information, visit the company’s website at www.IGCPharma.com.

NOTE TO INVESTORS: The latest news and updates relating to IGC are available in the company’s newsroom at https://ibn.fm/IGC

Paris Blockchain Week to Leverage the Growing Significance of Blockchain Technology

Experienced professionals, policy leaders, blockchain enthusiasts, professionals, and investors in the blockchain industry, are attending the 4th edition of Paris Blockchain Week (“PBW”) being held from March 20-24, 2023 at the Carrousel du LOUVRE in the heart of Paris’ famous palace and largest museum in the world.

Paris Blockchain Week is the top international conference devoted to professionals in the Web3 and blockchain space. This 4th edition of the Paris Blockchain Week is Europe’s leading blockchain event, covering: Web3, NFTs, decentralized finance, and metaverse, with 10,000+ attendees from across the world. It’s a great opportunity for blockchain fans to learn, share, and do business in one of the world’s most progressive places in the French Capital.

With the latest advancements in blockchain technology, businesses are staying informed about the newest progress. They need to reinforce their professional networks while merging the industry-wide ecosystem. The immersive nature of Paris Blockchain Week will ensure that PBW is a must-attend event dedicated to shaping the future of blockchain technology.

Explore New Opportunities and Build Strong Relationships

PBW offers a remarkable experience in Paris, engaging with several government, business, and regulatory stakeholders to discuss the rising and vibrant web3 ecosystem. The conference will feature some of the leading figures in the space discussing the most demanding challenges, and issues of the blockchain industry, including digital asset liquidity, traceability, digital governance, and much more.

Key blockchain industry personalities have already committed to speaking at this event on all things blockchain. 400+ speakers will share their knowledge with the audience and delve deep into the latest progresses in blockchain technology and its potential applications across different industries.   Top supporters and speakers at this influential blockchain industry event include Jean-Noël Barrot, Meta, Nicolas Julia, Sorare, Steve Huffman, Sébustien Borget, Nasdaq, Brad Garlinghouse, Reddit, Ripple and French Minister for Digital Transition & Telecommunications, Stephane Kasriel.

Attendees will get a better understanding of the potential of blockchain technology and its significance in shaping the future. The 2023 edition of Paris Blockchain Week is shaping up to be a blockchain extravaganza, featuring top-notch exhibitions, eye-opening workshops, and stimulating networking events.

To learn more, please visit https://ibn.fm/5IvCg

EV Charging Summit & Expo To Discuss Important Issues Of EV Charging

The EVCS & Expo event is being held on March 29-31, 2023 at the Mirage Hotel, Las Vegas. Company executives, directors, professionals, government organizations, and stakeholders of EV and allied industries, are invited to attend the event. The event focuses on important issues of financing, infrastructure, operability, and ROI for EV charging.

Exhibitors participating in the event will pitch their business ideas and showcase real solutions, novel ways of cost savings, and technological advances to infrastructure.  All commercial and government organizations can leverage the platform to gain in-depth knowledge and insights into hassles, challenges and solutions for EV charging infrastructures.

Key points of discussion at the summit:

  • Find immediate implementation solutions for EV charging sites
  • Learn new technologies and advances in the EV spectrum from exhibitors at the Expo
  • Build networking ties and professional connections to harness the growth potential of the million-dollar industry
  • Get ready for the BEV demand by collecting insights and knowledge from experts attending the summit
  • Be prepared to take advantage of the opportunities available in the EV spectrum

Property owners, developers/investors, and industry representatives will discuss how EV charging is a valuable asset to the real-asset fraternity. They will also navigate and explore the scope of growth in bringing EV charging infrastructure to their residential or commercial site.

Another pivotal point covered at the summit includes how to offer seamless consumer experiences so that the customer realizes its importance and builds confidence in EV charging. Rural communities can benefit highly from electric vehicles but lack equitable charging infrastructure. Experts will also explore ways to bring the EV infrastructure to distant and rural areas, and places that can’t support charging infrastructure. The EV Charging infrastructure could prove extremely valuable to such areas owing to the current gas prices and considerably long daily commutes.

EVs and microgrids can serve as powerful tools in the event of a natural disaster. While EVs can be used as backup batteries, mobile charging stations can draw from utility power and battery-stored energy for quick deployment in sites inflicted with disasters. Industry leaders and veterans will speak about microgrids and EVs as temporary power solutions separate from the larger power grid.

Apart from the above, discussions will be held on investment, funding, OEM manufacturing, EV fleets, hardware & software aspects, and more.

To learn more, please visit (https://ibn.fm/n0IBn).

From Our Blog

Coyuchi Inc., The Gold Standard in Sustainable and Organic Luxury Products, Including Baby Items Made From 100% Cotton Materials

March 28, 2023

Coyuchi, the gold standard in sustainable luxury home goods, is best known for using 100% organic cotton materials in the textiles it produces. The company’s sustainably produced products include luxury organic bedding, sheets, towels, apparel, and other home goods that cater specifically to homes focused on environmental consciousness. Not only does Coyuchi offer something for […]

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