• PLUS sees million-dollar increases in net revenues, gross profits; significant improvements in operating costs and cash balance.
• Q1 financial results paint picture of healthy company.
• Launch of PLUS CBDRelief brand marks company’s entrance into wellness, relief space of cannabis adult-use market.

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a U.S. cannabis-branded products company, announced its first-quarter financial results (http://ibn.fm/s19nX). The unaudited financial and operational results, reported for the three months ending March 31, 2020, noted an increase in net revenues and gross profits, with an improvement in operating costs and a multimillion-dollar cash balance.

“The start of this year came with a number of difficult decisions that were made in order to accelerate our path to cash flow generation,” said PLUS CEO and co-founder Jake Heimark. “The changes we made helped to cut our cash consumption to less than a fifth of what it was last quarter and, critically, doing so did not undermine our core business, which grew more than 35% quarter-over-quarter.

“Our first-quarter financial results paint the picture of a much healthier business than previous quarters,” he continued. “But the work is far from done. In 2020, we are focused on leveraging our core capabilities to create capital-efficient growth through known distribution channels.”

According to the report filed with the Canadian Securities Exchange (“CSE”), net revenues for the company rose from $3.2 million for Q1 2019 to $4.7 million in Q1 2020—an impressive 46% increase compared to Q1 2019 net revenues of $3.2 million and a 36% increase over last quarter’s revenue of $3.5 million. Company officials noted the growth came primarily from its California adult-use market, with incremental growth attributed to the Nevada adult-use and national hemp-CBD markets.

Plus Products also saw a 35% increase in gross profits compared to the same period last year, rising from $0.70 million in Q1 2019 to $1.7 million for Q1 2020. The filing noted that “higher sales volumes and increasing operational efficiencies in the company’s California production facility diminished the growth of labor and overhead costs relative to sales, thereby increasing gross profits.”

Additional financial highlights included a 31% year-over-year improvement in operating losses, $2.1 million in Q1 2020 from $3.0 million in Q1 2019, and a 75% quarter-over-quarter improvement from Q4 2019’s $8.2 million. Key to this improvement was the company’s January workforce reductions in Q1 2020 as well as fewer upfront investments tied to new-market entry. Finally, PLUS also reported an accumulative $14.2 million in cash and cash equivalents at the end of the quarter.

A business highlight for Q1 2020 include the company’s launch into the wellness and relief space of the California adult-use market with the unveiling of its PLUS CBDRelief brand. Products in this line feature low-THC and high-CBD ratios formulated specifically for cannabis consumers who are looking to cannabis for relief. More than 175 licensed California retailers already carry the brand.

“The majority of our growth initiatives in 2020 will be centered around California,” Heimark said. “Despite experiencing some growing pains, we believe that California unequivocally remains the most valuable market for building a branded-products company in cannabis. In 2019, the state made up 38% of the global adult-use market and is expected to remain 24% of that market through 2024.

“With the two best-selling products in the state, and one of the largest brands in the California edibles market, we believe that we have established an exceptionally valuable position as a company,” he said. “We are excited to take steps that we believe will continue to grow that position throughout the course of this year.”

Plus Products is well positioned for greater growth in California, as well as continued forward progress in Nevada. Of note for investors is that PLUS has a strong management team and a clean capital structure with considerable insider ownership. The company continues to build the world’s largest cannabis brand by applying its successful formula to new products and consumers.

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

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

• KGS preparing new drilling campaign at Mohave County that includes historic Rosebud Mine
• Historical report based on underground mapping, drilling, sampling reveals hidden potential in Rosebud Mine
• KGS commissioned Burgex Inc. for new NI 43-101 technical report in preparation for drilling

With gold currently topping the list of “safe-haven” investment assets, Kingman Minerals (TSX.V: KGS), a Canadian-based mining company engaged in the acquisition, exploration and development of gold and silver properties in North America, is positioned to profit through a new drill campaign in Mohave County, Arizona. Located in the Music Mountains region, the Mohave Project is comprised of 20 lode claims that include the historic past-producing Rosebud Mine, allowing the company to benefit from the cost efficiencies of revitalizing an already established exploration site.

The popularity of gold as an investment is increasing due to the instability of government-controlled central banks resulting from recent economic events connected to COVID-19. Fears driven by economic uncertainty typically prompt investors to divert assets into gold as a defensive measure against inflation, currency devaluation and the falling value of less tangible assets. KGS is leveraging these challenging economic conditions by implementing a strategy based on returning to historic gold mining sites and extracting the remaining wealth using new technologies.

Forming part of KGS’s Mohave Project, the historic 167-hectare Rosebud Mine was originally discovered as part of the “Gold Rush” era in the 1880s and was mined extensively until the 1930s. While the most accessible resources have already been extracted, modern mining techniques enable the extraction of difficult lodes safely and cost-effectively, giving KGS the ability to tap into the new wealth left behind by previous mining generations.

Renewed interest in the Rosebud site by KGS is primarily driven by underground mapping, drilling and sampling of the area conducted between 1984 and 1986 by L.A. Bayrock Ph.D. P.Geo. on behalf of Stellar Resource Corporation (http://ibn.fm/4lFpW). The proposed drilling site includes eight separate veins and one prominent double vein which extends from the northwest corner to nearly the southeast corner of the claims block. Written prior to NI 43-101 regulations, the results are not NI 43-101 compliant and require additional underground sampling for verification. KGS has started the process of preparing an NI 43-101-compliant technical report on its Mohave County assets by commissioning the services of Burgex Inc. (http://ibn.fm/IiC7x), a mining consulting services company specializing in the analysis of abandoned mine sites throughout the western United States.

Formerly known as Astorius Resources Ltd., KGS is engaged in the acquisition, exploration and development of gold and silver properties in North America. Based in Canada, the company is focused on sourcing and developing high-quality properties with significant mining potential as part of its strategy of developing a diverse portfolio of low-cost, lifelong assets.

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

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

• MVES using blockchain technology to address management of creative rights, digital piracy, distribution complexity
• Company scheduled to release new films, establishing partnerships to meet increased consumer demand for streaming content
• Traditional satellite, cable services losing 12,000 consumers daily
• VOD subscriptions quadrupled to over 600 million as of 2019, global growth of OTT revenue expected top $129 billion by 2023

The Movie Studio (OTC: MVES) is a vertically integrated motion picture production and distribution company that engages in the acquisition, development, production and distribution of independent motion picture content for worldwide consumption with a focus on video on demand (“VOD”), foreign sales and various media devices. In tune with the recent release of the company’s corporate overview, President and CEO Gordon Scott Venters outlined several significant milestones the company has achieved as it continues expansion of its vertically integrated film production and distribution architecture that utilizes over-the-top (“OTT”) distribution platforms and blockchain technology.

MVES is taking the opportunity to leverage blockchain as the innovative technology provides valuable opportunities to address issues related to the management of creative rights, digital piracy, and distribution complexity. The decentralized nature of blockchain technology is key. It ensures that tampering or takeover of proprietary content is virtually impossible through the use of smart contracts that can register and enforce distribution as well as release agreements between distribution partners and content producers.

Incorporation of blockchain technology is only one part of the innovative changes taking place across the digital landscape of the industry. As part of the film distribution and production space, VOD has undergone a massive shift in the last decade—and this shift has only accelerated as a result of COVID-related lockdowns that increased consumer demand for entertainment.

“The consumption of VOD content has significantly increased with the disruption of movie theater destinations and other forms of on-site entertainment, and we anticipate this trend will continue in the long term,” commented Venters as part of his statements. “We have recently integrated a platform that enables worldwide distribution of licensed movie content. We also recently announced that The Movie Studio has licensed several films, including ‘Bad Actress’ and ‘Exposure’ for distribution in Australia.”

In addition to these new releases, MVES has a number of entertainment projects in the development pipeline that show potential to meet increased consumer demand for VOD entertainment. Besides signing an agreement with Filmhub for the licensing and distribution of motion pictures, the company has also entered into a memorandum of understanding with BINGE Networks LLC, an award-winning streaming media platform that will provide MVES the rights to syndicate and monetize content globally for the streaming media industry.

VOD is experiencing explosive growth as more people sign on for subscriptions while disengaging with traditional satellite and cable services to the tune of 12,000 consumers each day (http://ibn.fm/Zt6z3). Platforms like Disney+ and Netflix have added 50 million (http://ibn.fm/4PoyQ) and 16 million (http://ibn.fm/x6Omj) new subscribers respectively in recent months as part of the global shift to online streaming service subscriptions—the volume of which has quadrupled to over 600 million as of 2019 (http://ibn.fm/Tl4IF). With worldwide subscribers expected to top 1.1 billion by 2021 (http://ibn.fm/s1GMl), global growth of OTT revenue is expected to rise from $69 billion in 2018 to $129 billion by 2023 (http://ibn.fm/y5dWg).

MVES has a creatively designed business model that is expected to massively benefit from this trend through its growth-by-acquisition strategy, proposed strategic alliances and acquisitions, resolution upgrades and unique monetization initiatives. The company’s innovative production model includes user-driven initiatives such as the “Everyone’s a Star” component of their OTT platform that gives viewers the opportunity to upload auditions through the digital app for the chance to participate in upcoming movies. The company’s innovative production model includes filming motion pictures in “chapters” or “Moviesodes” that are distributed in quick clips via the platform, giving subscribers the opportunity to participate in upcoming productions and further driving user engagement.

With a unique business model capitalizing on the increasing global demand for streaming entertainment content, MVES has the potential to emerge as a unique brand in the industry. The company’s innovative use of technology, production process and user engagement strategy give it the opportunity to realize high returns on investment as it continues to leverage the changing landscape of video-based entertainment.

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

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

• XRO enters agreement with Clean Seed Capital to integrate patented technology into high-tech seeder, planter platforms
• Exro CEO calls agreement “another step in the commercialization of Exro’s technology that will expand the capabilities of the world’s electric motors”
• Worldwide exclusive collaboration and supply agreement sets new benchmarks in the electrification of agriculture

Canada-based Exro Technologies (CSE: XRO) (OTCQB: EXROF), one of the world’s proven leaders in the innovation and manufacturing of electric motors, announced that it has signed a deal with Clean Seed Capital, an agricultural company renowned for the development and implementation of highly advanced seeding and planting platforms (http://ibn.fm/Gf4Bw). The agreement will integrate Exro’s technology into Clean Seed’s high-tech agricultural seeder and planter platforms, advancing the electrification of the world’s heavy-farm equipment.

“This is another step in the commercialization of Exro’s technology that will expand the capabilities of the world’s electric motors,” said Exro CEO Sue Ozdemir, who has outlined a plan for the company to finalize eight deals this year in its overarching goal of commercializing its game-changing technology. “Clean Seed is a pioneer in improving the efficacy and sustainability of farming. With this new agreement, we will, together, electrify the industry to maximize its potential, driving better productivity and efficient use of energy.”

Based on the agreement, Clean Seed will issue a purchase order to integrate Exro’s electric-motor-enhancing technology into Clean Seed’s latest technology offerings and beyond. The two companies will collaborate in the effort to build a working prototype that will be implemented in the field by 2021.

The addition of Exro’s patented technology should further enhance Clean Seed’s SMART Seeder(TM) technologies by reducing the power requirements to operate its revolutionary tools that put row-by-row, variable-rate seeding technology into the hands of farmers and allowing those farmers to leverage the latest in agricultural innovation and sustainability. In addition, both companies also plan to develop after-market retrofit products featuring Exro technology to further expand and accelerate the electrification of agricultural farm equipment.

“This worldwide exclusive collaboration and supply agreement with Exro will set new benchmarks in the electrification of agriculture,” said Clean Seed CEO Graeme Lempriere. “This collaboration will benefit the agricultural community by promoting good stewardship of our resources. It has been a pleasure getting to know the team at Exro and we look forward to working together to electrify the agricultural industry and usher in a new sustainable application.”

Clean Seed is comprised of a team of innovators and business management professionals with a proven track record of game changing innovation and production of patented agricultural technologies at a high level. The company focuses on being a progress facilitator that turns solutions for modern agricultural problem into commercially viable products to fulfill new demands.

“The Clean Seed agreement represents Exro’s fifth commercialization deal,” said Ozdemir, who joined Exro as CEO in September 2019 after serving as CEO of GE’s Industrial Motors Division. “As we have set out in our company plan, we have now strategically placed Exro’s technology with respected leaders in the agriculture, automotive, marine, recreational and electric-bicycle markets.”

Exro is a clean-tech company that has developed a new class of control technology for electric powertrains. Exro’s advanced motor-control technology — Coil Driver — expands the capabilities of electric motors and powertrains. Exro offers increased drive cycle efficiency, reduced system volume, reduced weight, and expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed.

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

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

• Energy Fuels is the largest uranium miner in the U.S., owns the White Mesa Mill, the only uranium mill operating in the country today
• The White Mesa Mill is the only facility in the U.S. capable of recycling alternate feed materials and recovering uranium that would otherwise be lost to disposal
• Since 1998 the White Mesa Mill has recycled enough uranium to replace the energy contained in a 4,700-mile coal train stretching from LA to NY — and over 90% of the way back again

Energy Fuels (NYSE American: UUUU) (TSX: EFR) is arguably one of the most environmentally responsible companies operating in the United States today. The company’s main business, uranium production, is “green,” as uranium is used to create fuel for zero-carbon, zero-emission, base-load nuclear energy. However, the company’s alternate-feed material recycling program flies much further under the radar — and this is the most sustainable aspect of Energy Fuels’ business.

In the simplest terms, alternate feeds are uranium-bearing materials that don’t come from uranium mines. They are often waste streams generated from nonuranium mines or a variety of other industrial activities. These materials would normally have to be disposed of permanently in low-level, radioactive-waste or similar disposal facilities. Instead, Energy Fuels is able to recycle alternate feeds and produce clean-energy resources.

Indeed, the White Mesa Mill is the only facility in the United States licensed and designed to recycle alternate-feed materials. Since 1998, the White Mesa Mill has recycled and recovered approximately 6 million pounds of uranium from alternate-feed materials and tailings recycling.

To provide some context around 6 million pounds of recycled uranium, consider the following:

• This is enough uranium to fuel more than 13 nuclear reactors for one year.
• This uranium would produce the same amount of electricity as nearly 50 million tons of coal, or enough coal to fill a train that stretches from Los Angeles to New York and almost all the way back again.
• This would fuel the same amount of annual electricity as over 24,500 wind turbines.
• The use of this recycle uranium eliminates over 85 million tons of CO2 emissions compared to coal, or the annual emissions of over 18 million passenger vehicles.
• The use of this material also avoids significant mining and waste containment.

Besides recycling uranium, Energy Fuels also recycles vanadium. In addition to being the only conventional uranium mill in the U.S., the White Mesa Mill is the only conventional vanadium mill in the country. Vanadium is used in steel, titanium and other high-strength alloys. The mineral is also being increasingly used in high-capacity, community-scale batteries that store intermittent renewable energy sources, such as wind and solar.

In 2019, Energy Fuels recycled 1.8 million pounds of vanadium. This is enough vanadium used in steel to build four and a half Golden Gate Bridges from scratch. And now, the company is entering the rare earth elements (REE) space, which also involves the recycling of REE-bearing materials. Indeed, the White Mesa Mill may be able to play an important role in bringing REE production back to the U.S.

Energy Fuels has a phenomenal, but largely unknown, recycling story that no other U.S. uranium producer – or any other company for that matter — can tell. The company might be one of the biggest recyclers of clean energy resources in the country — and potentially even the world.

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

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

• SinglePoint Inc. reported Q12020 financial results with revenue increase of 309% to $1,075,222
• Solar subsidiary Direct Solar America was key driver for sales with company amassing record pipeline of solar bookings
• SinglePoint’s Hemp cigarette brand, 1606 Original Hemp, witnessed skyrocketing sales, with revenues rising 133% QoQ in Q1 2020
• Along with strong operational results, the company is taking steps to strengthen balance sheet

In this largely turbulent time for global markets, strategic thinking is necessary for survival. SinglePoint (OTCQB: SING), a publicly traded company dedicated to acquiring businesses focused on emerging technologies, recently published its quarterly financials for the period ending March 31, 2020—which, due to the company’s forward and innovative thinking, showed its continued growth (http://ibn.fm/A6GOy).

SING announced record revenues, with first quarter sales rising by 309% year-over-year to $1.075 million. The results further revealed that first quarter gross profit had also risen by 309% to $309.6 thousand, with SinglePoint maintaining its gross margin. Nevertheless, the company cautioned that its various business units had begun to witness the effects of disruptions caused by the COVID-19 pandemic late in the first quarter and expected its second quarter results to be impacted as a result.

Direct Solar America, a residential solar energy solutions broker purchased by SinglePoint in May 2019, was a key catalyst for the company’s strong first quarter growth (http://ibn.fm/Kq1cc). The solar power company amassed a record pipeline of solar bookings through the fourth quarter of 2019 and the beginning of 2020, the majority of which were installed during Q12020, enabling the company to recognize the revenues in its quarterly results. While sales were slower than anticipated in March due to the operational disruptions caused by nationwide ‘shelter at home’ orders, Direct Solar was able to rapidly pivot its business model to respond to the crisis. Remarkably for a business where previously “90 to 95 percent of closed sales had an in-person meeting of some sort”, Direct Solar was able to shift its sales and marketing efforts into an entirely virtual endeavor with the company recently revealing that it was seeing as many as 40 customers a week through its online channels (http://ibn.fm/rWrO5).

Separately, the company also went on to announce that it had expanded its presence to 30 states as of March 31, 2020—a substantial increase from the 8 states in which they were operational only 10 months prior.

SinglePoint’s hemp subsidiary enjoyed a similarly successful start to the year with the company announcing that its hemp cigarette brand, 1606 Original Hemp, had reported a sales growth rate of 133% in the first quarter relative to the previous three months, while early indications of second quarter sales suggested that revenues had risen by a remarkable 233% month-on-month in May versus April. The pre-rolled organic hemp cigarette brand was launched to much fanfare at last year’s MJBizCon Conference in Las Vegas (http://ibn.fm/BZzd3) and represented SinglePoint’s attempts to break into the combustible hemp segment – a sector which is currently the second fastest growing sub-category within the $4.6 billion industrial hemp market (http://ibn.fm/4w1BE).

1606 Original Hemp has now set its eyes on a new growth phase by expanding its burgeoning distribution network. While the company has already established a distribution channel encompassing over 400 stores across 19 states only a few months after its launch, SinglePoint now expects to increase its sales network within the coming months with an aim to further expand the figure to 2,500 stores in the near future (http://ibn.fm/UA84e). In a statement reaffirming the company’s lofty ambitions, SinglePoint’s management revealed that they anticipated the 1606 Hemp product to generate $2.75 million to $5.5 million in annual sales revenue per 1,000 active accounts (http://ibn.fm/apH9p).

“Direct Solar America and our consumer product 1606 Original Hemp are both gaining traction and revenue growth,” stated Singlepoint CEO and chairman Greg Lambrecht (http://ibn.fm/vf62N0). “We continue to analyze and to take actions to transform and realign our business opportunities, and we remain bullish on the long-term ability for the company to grow revenues, improve the balance sheet and increase shareholder value.”

In addition to its strong operational results, SinglePoint also elaborated on its management’s efforts in positioning the company for future business endeavors. In early April, the company revealed that it had successfully entered into a financing arrangement to raise up to $7 million (http://ibn.fm/X2orx), allowing it to strengthen its balance sheet and pursue further growth opportunities. The move comes after the company reported its successful repayment of a convertible investor note, (the “CVP Note”) dated October 10, 2017, during the first quarter of 2020 in a bid to lower its longer-term liabilities going forward.

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

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

• The 10 cities with the largest police departments in the United States have paid out $1.02 billion for settlements and court judgements in police misconduct cases, with most centered around the improper use of force
• Wrap Technologies is well-positioned to establish a commanding position in supplying non-lethal tools to law enforcement departments globally
• Over 140 police departments across the United States received BolaWrap products in 2019, along with police departments in 19 other countries
• The company has received over 1,700 requests for demos, training and quotes from U.S. police departments, as well as over 600 requests from international markets
• Wrap Technologies can currently manufacture up to 1,800 BolaWrap devices per month, with plans to expand production capacity to 3,600 per month
• BolaWrap leverages strong intellectual product, with five U.S. patents granted and a further eight U.S. patents pending; the company has also filed four trademarks and has patents pending in 34 additional countries
• The addressable market size for non-lethal weapons is forecast to grow in size to $11.85 billion by 2023 (versus $6.32 billion in 2016)
• The company successfully raised $12.4 million through a primary share equity placement in June 2020, with proceeds destined to scale engineering, fund product development and provide working capital

Wrap Technologies (NASDAQ: WRTC) is an innovator of modern policing solutions. The company’s BolaWrap(R) product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar(R) tether to restrain an individual at a range of 10-25 feet. Developed by award-winning inventor Elwood Norris, the company’s chief technology officer, the small-but-powerful BolaWrap assists law enforcement in safely and effectively controlling encounters, especially those involving an individual experiencing a mental crisis.

Non-Lethal Weapons Market Potential

The BolaWrap Remote Restraint device is an innovative police solution, designed to provide law enforcement with a unique mobile and humane restraint option that does not inflict pain and enables subjects to be detained from a distance without the use of force.

In 2015, the 10 cities with the largest police departments in the United States paid out a cumulative $248.7 million in settlements and court judgements in police misconduct cases, marking a 48% increase from the $168.3 million in 2010 (http://ibn.fm/ri0L9). The majority of these cases have centered around the improper use of force by law enforcement when subjugating individuals, with 25% of all fatal shootings by law enforcement in the United States reportedly involving mentally ill individuals who are often incapable of comprehending officer commands (http://ibn.fm/YVm8P). Moreover, the use of alternate devices has failed to produce the desired outcomes, with the use of tasers by police resulting in over 1,080 fatalities since 2000 (http://ibn.fm/2Nb1A).

This, in turn, has led to a greater demand for humane tools which are not reliant on pain compliance to subdue subjects. Since its IPO in December 2017, Wrap Technologies has enjoyed a spectacular rise in prominence. The company began field testing the BolaWrap product in July 2018, with the first international order received only a month later, in August 2018. By December 2018, the company had been uplisted to the Nasdaq Capital Market with over 1,000 shareholders – a significant increase from the 50 shareholders who had participated in the IPO just 12 months prior. Recently, the company has sought to increase its commerciality and product monetization, appointing Tom Smith, the founder of TASER International (now Axon, NASDAQ: AAXN), as its president in March 2019.

At present, over 140 police departments throughout the United States are actively carrying the BolaWrap, while over 1,700 police departments across the nation have reached out to the company to request BolaWrap demonstrations, training and quotes. BolaWrap has also been successfully marketed internationally and has been shipped to 19 countries thus far.

As of today, Wrap Technologies has built a network of 11 distributors across 45 states in the United States who are actively marketing the product to the over 900,000 active police officers in the country. In addition, the company now has a network of 15 international distributors based in 26 countries – with over 600 international requests received thus far for product demonstrations, training and quotes.

As a result and following the opening of its new 11,000-square-foot manufacturing facility in Tempe, Arizona, in October 2019, Wrap Technologies announced a 352% year-on-year increase in revenues for 3Q2019 – a testament to the growing popularity of its mobile restraint device.

The company expects its growth to continue as adoption rates of the BolaWrap product increase throughout the United States and globally. According to a study by Stratistics MRC, the addressable global market for non-lethal weapons accounted for $6.32 billion in 2016 and is set to rise to $11.85 billion by 2023.

Product Received to Positive Acclaim

• “An innovation that is changing the world of policing.” – Chief Luther Reynolds, Charleston Police Department
• “Anytime you can have a more humane response to someone in crisis, it’s not only good for the department, it’s good for society.” – Redditt Hudson, Regional Field Director of the NAACP (http://ibn.fm/1STXm)
• “This is going to save lives.” – Chief Ed Hudak, Coral Gables Police Department
• “I see this as one of the great tools if you encounter someone with a mental health crisis.” – Chief Steven Casstevens, Buffalo Grove Police Department

Recently completed $12.4 million financing round

Wrap Technologies announced that it had successfully completed its capital raising round on June 4, 2020, raising $12.4 million through a primary share placement priced at $6.00/share. The net proceeds will be use to further scale engineering, fund product development and provide working capital to meet worldwide demand for BolaWrap products and accessories (http://ibn.fm/byLV7). The company also announced that its founder, Elwood Norris, had chosen to exercise 100,000 outstanding warrants to contribute $500,000 to the capital raising efforts. Following the financing round, Wrap Technologies reported over $30 million in cash on hand.

Management Team

Elwood G. “Woody” Norris, Founder and Chief Technology Officer
Elwood G. “Woody” Norris is an award-winning American inventor and serial entrepreneur and currently serves as chief technology officer for Wrap Technologies Inc. Norris founded and served as a director and president of Parametric Sound Corporation (now Turtle Beach Corporation (NASDAQ:HEAR) and also served as chief scientist at Turtle Beach. Norris previously founded LRAD Corporation (NASDAQ: LRAD) and, prior to retiring in 2010, was chairman of LRAD Corporation’s board of directors, serving as a technical advisor and product spokesperson. Norris has authored more than 80 U.S. patents, primarily in the fields of electrical and acoustical engineering, and has been a frequent speaker on innovation to corporations and government organizations. He is the inventor of Wrap Technologies’ patented and patent pending BolaWrap(R) technology.

Scot Cohen, Executive Chairman
Scot Cohen has more than 20 years of experience in institutional asset management, wealth management, and capital markets. Cohen founded and served as principal of the Iroquois Capital Opportunity Fund, a closed-end private equity fund which focused on investments in North American oil and gas. Cohen also co-founded Iroquois Capital, a New York-based hedge fund that managed approximately $300 million across its family of funds. Prior to Iroquois Capital, Cohen founded a merchant bank which actively participated in structured investments in public companies. Cohen is currently active on a number of public and private company boards and is involved with various charitable ventures.

David Norris, Chief Executive Officer
David Norris is an experienced executive who joined Wrap Technologies full-time in January 2018. From April 2014 to December 2017, he served in various executive roles, including president, at privately held loanDepot LLC as it rapidly expanded into the fifth largest mortgage lender in the U.S. loanDepot had 6,000 employees and generated $1 billion in revenue in 2017. Norris also served as CEO of Greenlight Financial, and president of LendingTree Loans. Norris’ career also includes executive and management roles at Toshiba America Information Systems and Qualcomm Personal. Earlier in his career, Norris served as a probation officer in San Diego for five years.

Tom Smith, President
Tom Smith co-founded TASER International (now Axon Enterprise Inc. (NASDAQ: AAXN) (“TASER”) in 1993 and served as president of TASER until October 2006. He served as chairman of the board of directors of TASER from October 2006 until he retired to pursue entrepreneurial activities in February 2012. Amongst his most significant roles and responsibilities at TASER, Smith managed domestic and international sales, significantly expanding the sale and distribution of TASER’s products, including sales to more than 17,200 federal, state and local law enforcement agencies in over 100 countries. In 2012, he founded Achilles Technology Solutions LLC, which, through subsidiary ATS Armor, developed a line of ballistic solutions for law enforcement and military applications. Smith holds a B.S. in ecology and evolutionary biology from the University of Arizona and an M.B.A. from Northern Arizona University.

Jim Barnes, Chief Financial Officer
Jim Barnes has served as president of Sunrise Capital Inc., a private venture capital and financial and regulatory consulting firm, since 1984. Barnes was chief financial officer of Parametric Sound Corporation (now Turtle Beach Corporation), and also served as vice president administration at Turtle Beach Corporation. Since 1999, Barnes has been manager of Syzygy Licensing LLC, a private technology invention and licensing company he owns with Elwood Norris. Barnes previously practiced as a certified public accountant and management consultant with Ernst & Ernst and Touche Ross & Co., and as a principal in J. McDonald & Co. Ltd. in Phoenix, Arizona.

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

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

• Uber Technologies is a pioneer in developing ride-sharing solutions, revolutionizing transportation services in 67 countries, currently
• The novel coronavirus pandemic that has swept the planet has had a severe impact on economies worldwide, including the revenue outlooks for companies like Uber
• The company continued to adapt to circumstances through the five revenue segments it now reports through, watching bookings rise in its Eats and Freight segments rise, particularly, as the Rides segment has seen a drop-off
• Uber has continued to pursue new benefits for its mainstay Rides services, such as recently adding a single-rate, multi-stop option in a growing number of cities
• Many countries outside the United States are now reporting significant declines or virtual elimination of the virus, leading to the possible resumption of normal Uber economic activity there

Businesses and sightseeing destinations such as national parks and monuments have gradually begun to reopen access points in June (http://ibn.fm/Z7c8k) as Americans shrug off concerns about infections from the COVID-19 virus and attempt to resume an increasing number of “normal” activities (http://ibn.fm/Qk2hd).

Like most of the nation’s businesses, pioneering transportation facilitator Uber Technologies (NYSE: UBER) has seen revenue expectations drop dramatically for the second quarter, yet the well-known ride-sharing company has demonstrated its resourcefulness by continuing to adapt its operations to changes in present demand, building up its courier services, which appears to be gaining the favor of investors in spite of the current challenges (http://ibn.fm/hSMc7).

Uber began reporting its revenue profile through five segments last year, adding Uber Eats, Freight, Other Bets and Advanced Technologies Group to its ride-sharing operations. Even as a drop in airport traffic and business commuting have hit Uber’s ride-sharing mainstay, the other segments have seen increases in their usefulness. During the first quarter, as international operations began to experience the first effects of the pandemic, gross bookings from Uber’s Rides services suffered a first-ever 5 percent decline but Eats grew 52 percent and Freight grew 55 percent (http://ibn.fm/Fcbk8), providing the company an increase of 8 percent in gross bookings.

CEO Dara Khosrowshahi added to the Eats outlook with a recent statement that Eats gross bookings surged to 89 percent year-over-year growth in April, excluding India (http://ibn.fm/Ds6JX). That could be further enhanced if Uber Eats is successful in its battle against competitors to buy U.S. food delivery company Grubhub, granting Uber a stronger share of a tight food-delivery market in the process (http://ibn.fm/57TqH).

The Rides service was also bolstered recently by the company’s announcement that it will allow riders to select a single $50 per hour rate with multiple stops in select cities (http://ibn.fm/TQh89), targeting customers accustomed to using public transportation to perform daily errands but still wary about collective exposure on bus services as infection rates continue to rise in many states (http://ibn.fm/p9WXg).

Even if the rise in cases continues to hammer away at services in the United States, Uber may find the sun shining in other countries where more cautious strategies and more willing public compliance with government directives have been resulting in a sharp decline in infection rates with virtual elimination of the virus in some geographies (http://ibn.fm/Kd24L).

For a cadre of drivers who don’t depend on Uber work as their sole means of employment, the benefits of Uber’s service profile are numerous: Ridester’s polling reported on the initial financial concerns among drivers immediately after lockdowns began to take effect in America in March, but more recently has reported that “Now, and for the first time ever, we’re hearing comments from drivers telling us what they loved about driving for Uber and Lyft. In the past, it was pretty much all complaints. … But now that the work has been taken away, drivers are starting to realize there were actually some things they loved about it and now miss” (http://ibn.fm/qXG0x).

That includes the flexibility to take a break from working at random times in order to respond to family needs, such as picking kids up from school, to set aside extra money for planned vacations, and for a large number of retired and senior drivers to socialize with other people rather than sit at home.

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

• Kingman Minerals announced its entrance into option agreement for area spanning 1,071.2 acres in Arizona’s Mohave County
• Recent agreement will increase company’s total exploitable mining assets in Mohave County to 72 lode claims across nearly 1,500 acres
• Company well positioned to capitalize on ongoing surge within precious metals space, with gold prices at their highest level since 2011
• Kingman Minerals commissioned mining consultant to carry out underground sampling program within its mine ahead of company’s NI43-101 report publication

Kingman Minerals (TSX.V: KGS), a Canadian-based mining company engaged in the acquisition, exploration and development of gold and silver properties in North America, announced that it had recently entered into an option agreement to acquire 100% interest in 52 lode claims covering an area of 1,071.2 acres, located in the Mohave County, Arizona. This agreement represents a significant expansion of company’s gold and silver assets in the historic mining location.

The option agreement, which will be valid for a period of four years, was obtained in exchange for a consideration of $150 thousand in cash, the issuance of 2.5 million new common shares and a commitment by the company to invest at least $1 million in exploration expenditure over the option tenure (http://ibn.fm/ny2Mf). The company has now embarked on the process of preparing a NI43-101 compliant technical report on the newly acquired assets, which will be presented to the TSX Venture Exchange once completed.

Kingman Minerals, which specializes in sourcing and developing existing, non-grass roots properties in locations favorable to mining, had previously announced in late 2019 that it had entered into an option agreement to explore and mine 20 lode claims within the Music Mountains in Mohave County, Arizona (http://ibn.fm/c6CJd). The initial agreement, which included the historic 167-hectare Rosebud Mine, coupled with the newly announced option interest will take Kingman’s total exploitable mining assets in the Mohave area to 72 lode claims, spanning an area of nearly 1,500 acres. The agreements have also served to highlight the ongoing popularity of non-greenfield projects, with over 54% of the gold exploration budget from the world’s top 20 gold producers now being devoted towards reactivating existing or abandoned sites with new mining techniques (http://ibn.fm/zOTr3).

The Mohave County has a longstanding reputation for its abundant mineral resources, with gold first being discovered in the area as far back as 1879. Within twenty years, twelve mines were operating in the region—ten of which were located within two miles of Kingman Mineral’s current site. The Rosebud mine in particular was discovered in the 1880’s and mined primarily in the late 1920s and 30s, with approximately 3,000 tons of ore being removed  over that interim (http://ibn.fm/KkS5D).

In 1985, a sample study was carried out at the then shuttered Rosebud Mine by Stellar Resource Corp, which sought to derive estimates as to the potential mineral content of the mine. While the estimates and assay values could not be verified or relied upon and were not NI 43-101-compliant (http://ibn.fm/xS4Ls), the Stellar Resources’ reports suggested that the mine’s potential assets could amount to as much as 664,000 ounces of gold and 2,600,000 ounces of silver (http://ibn.fm/U980j).  A subsequent exploratory study was carried out within the mine by Kinntaki Resources in 1995. The company collected 135 surface samples across a series of sites throughout the mine, with their NI 43-101 report revealing that a number of the samples had boasted an elevated presence of gold and silver (http://ibn.fm/JY6Wl). These reports forecast favorable conditions for Kingman Minerals’ exploration expansion in the historic mining location.

Gold prices have enjoyed a stellar run as of late, rising to over $1,740 per ounce thus far in 2020 on the back of ongoing economic uncertainty resulting from the Covid-19 pandemic, inflationary concerns originating from mass central bank-led stimulus programs and US dollar weakness.

“With the Bank of America Corp. recently raising its 18-month gold-price target to $3,000 an ounce, Kingman could not be better positioned to capitalize upon the extremely favorable gold environment,” said Sandy MacDougall, chairman and director of Kingman Minerals. Elaborating further on the recent price move, he added, “This area [Mohave County] indicates great potential, not only due to the high-grade gold past producers but the surrounding area as a whole. Kingman intends to verify the extensive historical data that exists, bring the resource estimates to NI 43-101 compliant standards and revitalize this area completely” (http://ibn.fm/Vt4U7).

Kingman Minerals has also recently revealed that it has embarked upon the process of preparing a NI43-101-compliant technical report on its Mohave County assets—a preliminary step required prior to commencing mining operations. Earlier this year, the company commissioned Burgex Inc. (http://ibn.fm/IiC7x), a mining consulting services company specializing in the analysis of abandoned mine sites throughout the western United States, to determine the accessibility of the Rosebud Mine as well as to carry out two separate underground sampling programs (http://ibn.fm/EE09f). Burgex has recently completed the sampling process, with the results from both of the programs to be included in Kingman’s forthcoming NI43-101 publication.

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

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

• The Bullfrog Gold Project is located in Nevada, the world’s most attractive mining jurisdiction, according to the Fraser Institute (http://ibn.fm/M33ak).
• M&I gold resources were independently estimated at 624,000 ounces, with a further 110,000 ounces of inferred resources
• Barrick Gold produced approximately one million ounces of gold from the lands now controlled by Bullfrog Gold, terminating operations in 1999 when gold prices fell below $290/oz.
• On May 29, 2020, the company was valued at $39 in terms of market cap /oz of M&I gold resources, a steep discount relative to the $130+/oz on for which Northern Empire was sold in 2018 (now NYSE: CDE) and Corvus (TSX: KOR) is currently valued using similar resource estimation criteria.
• The company recently completed a private placement of primary shares in January 2020, raising C$2.0 million. The proceeds will be used to complete work commitments necessary to purchase the Barrick lands and further its exploration and development activities.
• The company is well-positioned to capitalize on the growth in demand for gold, as well as the recent positive price action within the precious metals space.
• Bullfrog Gold Corp. was featured as a key recommendation in Nick Hodge’s Early Advantage newsletter on May 28, 2020, an influential investment newsletter highlighting high-potential small-cap companies.

Bullfrog Gold (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) is a Delaware corporation engaged in the acquisition, exploration and development of gold and silver properties in the United States. The company controls strategic lands with established 43-101 compliant resources in one of the most exciting gold exploration areas in the United States. The Bullfrog Gold Project (“Project”) includes a lease/option on much of the lands where Barrick Bullfrog Inc., a subsidiary of Barrick Gold Corp., produced more than 2.3 million ounces of gold and 2.49 million ounces of silver from 1989 to 1999. The Project is located within the prolific Walker Trend about 125 miles northwest of Las Vegas, Nevada.

Project Highlights

• The company initially acquired 79 unpatented claims and two patents in mid-2011 and has since staked, leased, optioned, or purchased lands that now total 5,250 acres. Via a 2015 lease/option with Barrick, the Project includes the northern one-third of the Bullfrog deposit where most of the current resources in the Bullfrog mine area occur, along with their interest in the Montgomery-Shoshone deposit which gave the company 100% control.
• In mid-2017, a NI 43-101-compliant report by independent mining consultancy Tetra Tech Inc. estimated measured and indicated (“M&I”) resources of 624,000 ounces of gold and 1.73 million ounces of silver at average grades of 0.70 g/t and 1.93 g/t, respectively. The expansion plans of these two pits were based on a $1200 gold price, use of heap leach processing, and also included 110,000 ounces of inferred gold resources averaging 1.20 g/t. Barrick used conventional milling to process an average gold grade of 3 g/t.
• The established resources and exploration potential of the Project are strongly supported by a large data base obtained from Barrick, including detailed information on 155 miles of drilling in 1,262 holes in the Bullfrog mine area.

Gold Rush in the Bullfrog Territory

The area around Beatty, Nevada has now attracted AngloGold Ashanti, Kinross Gold, Corvus Gold, Coeur Mining as well as the company and Waterton. In this regard, Northern Empire Resources Corp’s property located a few miles east of the Project was acquired by Coeur Mining in October 2018 for C$117 million, implying a valuation of C$134/oz of inferred resources. As of today, the company is trading at a significant discount to the valuation at which Northern Empire was purchased (http://ibn.fm/9NaaN), thereby highlighting the company’s value proposition for investors.

Bullfrog Gold Corp. is focused on enhancing shareholder returns by concurrently advancing Project development and performing exploration drilling programs on several targets identified by the company.

Secured Financing for 2020 Operations

Bullfrog Gold Corp. raised C$2 million in January 2020 through a private placement of shares priced at C$0.13/share plus a one-half warrant exercisable within two years at C$0.20 on a full warrant basis. The raise was carried out primarily to fund a drill program that started on May 1 (http://ibn.fm/6nZ0m), and was completed on June 6, 2020. Results from drilling 12,520 feet in 25 holes will be released in the coming weeks. The company subsequently intends to conduct a preliminary financial analysis and complete further drill programs to advance the Project and add value. The financing was subscribed by several influential shareholders, including a former director of Northern Empire, who handled the sale of the company to Coeur Mining, and Eros Resources, the management of which has been involved with several high-profile mining projects and sales in the past.

Gold Prices estimated to average $1,800/oz in 2021

Gold prices have been on a remarkable run in 2020, rising by $245/oz to $1,760 prior to peaking in early May. Global central banks carried out 144 interest rate cuts thus far in 2020, reducing their rates by a cumulative 5,035 basis points (http://ibn.fm/jzZt0). Meanwhile, the IMF has estimated that global governments have introduced fiscal support measures amounting to over $9 trillion since the start of the COVID-19 pandemic (http://ibn.fm/Or9rI). The resulting weakness in the U.S. dollar and eventual inflationary pressures stemming from these measures prompted Credit Suisse to recently hike their gold price forecasts for the full year to $1,701/oz (from $1,570 previously), while the outlook for 2021 has been raised to $1,800/oz (versus $1,600 previously) (http://ibn.fm/Iqg0X).

Management Team

David Beling, CEO, President and Director
David Beling is a Registered Professional Mining Engineer with 55 years of diverse experience in areas such as engineering, development, permitting, construction, financing and management of mines and plants and the building and growth of several corporations. His initial employment included 14 years with Phelps Dodge, Union Oil, Fluor, United Technologies, and Westinghouse, followed by 41 years of senior management and consulting with 25+ U.S. and Canadian mining companies. In 2006-2007, he spearheaded an IPO, successfully drove equity raises totaling C$112 million and grew that company’s market capitalization to $460 million. Beling has served on 14 boards since 1981, including three mining companies distinguished by the TSX Venture Exchange as top-10 performers.

Alan Lindsay, Chairman of the Board
Alan Lindsay is an entrepreneur and businessman who has founded seven companies within the mining and pharmaceutical industries, including Anatolia Minerals Development Ltd., Uranium Energy Corp., Oroperu Mineral, Strategic American Oil and AZCO Mining. Lindsay also developed the strategic vision for the 2011 acquisition and placement of the Project from NPX Metals into Bullfrog Gold Corp.

Kjeld Thygesen, Director
Kjeld is a graduate of the University of Natal in South Africa and has 48 years of experience as a resource analyst and fund manager. In 1972, he joined James Capel and Co. in London as part of its highly rated gold and mining research team before subsequently becoming manager of N. M. Rothschild & Sons’ commodities and Natural Resources Department in 1979. In 1987, he became an executive director of N. M. Rothschild International Asset Management Ltd., before co-founding Lion Resource Management Ltd., a specialist investment manager in the mining and natural resources sector, in 1989. Thygesen has been a director of Ivanhoe Mines Ltd. since 2001 and served as investment director for Resources Investment Trust PLC from 2002 to 2006.

Tyler Minnick, CFO and Director of Administration & Finance
A registered member of the Colorado Society of Certified Public Accountants with over 24 years of experience within the fields of accounting, auditing, and administrative services. Minnick has been engaged with the company since mid-2011 and previously worked in the finance department of MDC Holdings/Richmond American Homes, one of the largest residential construction companies in the United States.

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

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