Sector snapshot - Future of #FunctionalMushrooms and #PsychedelicMushrooms (OTC: $LRSV) (OTCQB: $SHRMF) (OTCQB: $MMEDF) (OTC: $RVVTF); @res_pet @mindmedco @Revive_RVV

 

Sector snapshot - Future of #FunctionalMushrooms and #PsychedelicMushrooms (OTC: $LRSV) (OTCQB: $SHRMF) (OTCQB: $MMEDF) (OTC: $RVVTF); @res_pet  @mindmedco @Revive_RVV

 

 

Point Roberts WA, Delta BC – February 23, 2021 - Investorideas.com, a leading investor news resource on health and wellness stocks releases a sector snapshot looking at a health revolution taking place with the growing functional mushroom and psychedelic mushroom markets, featuring  Link Reservations Inc. (OTC PINK: LRSV).

 

Read this news, featuring LRSV in full at https://www.investorideas.com/news/2021/lohas/02231LRSV-SHRMF-MMEDF-RVVTF.asp

 

According to Data Bridge Market Research, “The functional mushroom market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 7.22% in the forecast period of 2021 to 2028 and is expected to reach USD 555.94 billion by 2028. The increasing use of the ingredient in the healthcare sector is escalating the growth of functional mushroom market.”

New to the functional mushroom market, Link Reservations Inc. (OTC PINK: LRSV), a provider of wellness and cannabidiol (CBD) products for both humans and pets just announced the expansion of its DailyLifeCBD product line to include a suite of functional mushroom-infused products. The Company, having recently acquired DailyLifeCBD to enter the health and wellness sector, is looking to expand its range of complementary well-being products with an emphasis on natural and organic ingredients.

Due to the Covid-19 global pandemic, consumers are increasingly searching for ways to boost their immune system, seen by the market growth of alternative and complementary products. Functional (or medicinal) mushrooms possess beneficial properties such as antibacterial, anti-inflammatory and immunomodulating effects - meaning they help keep the immune system in balance. Functional mushrooms are specific varieties, such as Shiitake, Reishi, Maitake and Chaga, amongst others.

Having recently expanded into the health and wellness sector through its acquisition of DailyLifeCBD - a website selling CBD products for people - LRSV is now pursuing the development and commercialization of rapid onset treatments capable of improving health outcomes such as depression and post-traumatic stress disorder (PTSD), as well as substance and alcohol use disorders.

"We are very excited and much looking forward to the opportunity for growth brought by the sale and distribution of our new premium, functional mushroom-infused suite of products. As a Company, our focus continues to be on providing high quality, natural products that can benefit the health and wellbeing of consumers," commented Rene Lauritsen, CEO at Link Reservations Inc. "At the same time we aim to continue growing our revenue and increasing shareholder value through acquisitions and product range expansion. The LRSV team is confident of the potential that this new product suite has in enhancing the health and wellness of millions of consumers," he added.

The Company plans to initiate activities through DailyLifeCBD with a range of non-edible lifestyle products for people and expand on the range as the site and demand grows. LRSV is considering the possibility of a subsidiary solely focused on its mushroom-infused products.

"Our expectation, based on discussions with our manufacturer is to have these new products available for sale in the coming weeks - we are very excited by this. We will keep shareholders and the investment community updated through press releases as developments arise," said Lauritsen.

Finally, if and when Federal and jurisdiction laws allow, Link Reservations Inc. (OTC PINK: LRSV) is setting its eyes on a greater prize, with a potential suite of psychedelic mushroom-infused products to follow the functional mushroom products.

The Psychedelic mushroom stock sector has grown enough that an ETF has been created around it, currently trading on the NEO Exchange, the HORIZONS PSYCHEDELIC STOCK INDEX ETF is an indication of future growth opportunities.

 

TOP 10 HOLDINGS AS AT FEBRUARY 12, 2021:

Security Name                                                 Weight

SEELOS THERAPEUTICS INC                                       12.51%

NUMINUS WELLNESS INC                                 10.09%

FIELD TRIP HEALTH LTD                                   9.99%

MIND MEDICINE (MINDMED) INC SUB VTG        9.49%

COMPASS PATHWAYS PLC ADR                         8.71%

RED LIGHT HOLLAND CORP                                        6.9%

GREENBROOK TMS INC NEW                            6.82%

CYBIN INC                                                       6.24%

REVIVE THERAPEUTICS LTD.                            5.14%

JOHNSON & JOHNSON                                      4%

 

Last week, Revive Therapeutics Ltd. (CSE: RVV) ( RVVTF), a specialty life sciences company focused on the research and development of therapeutics for medical needs and rare disorders and one of the holdings in the ETF announced that, further to its press release dated December 21, 2020, it has entered into an asset purchase agreement with Newscope Capital Corporation (CSE: PHRM) (OTCQB: PHRRF) to acquire the full rights to PharmaTher Inc.’s  intellectual property (the “Acquired Assets”) pertaining to psilocybin (the “Acquisition”). PharmaTher, a wholly-owned subsidiary of Newscope, is a specialty life sciences company focused on the research and development of psychedelic pharmaceuticals.

 

“With this acquisition, we have solidified our foundation in having a leading psychedelics pharmaceutical platform with a focus on proprietary psilocybin-based therapeutics that includes the development of an oral thin film product in collaboration with the University of Wisconsin-Madison, a novel biosynthetic version of psilocybin based on a natural biosynthesis enzymatic platform developed by Dr. Gavin Williams, Professor and Researcher at North Carolina State University, a clinical study with the University of Wisconsin evaluating psilocybin in the treatment of methamphetamine use disorder, and PharmaTher’s psilocybin research initiatives and intellectual property in stroke, traumatic brain injury, cancer and drug combinations,” said Michael Frank, CEO of Revive. “We are now in a position to advance our psilocybin program for future clinical development in various unmet clinical needs in mental health, cancer and neurological disorders.”

 

Looking at how psychedelic mushrooms may be playing a role in mental health, in late January Champignon Brands Inc. (OTCQB: SHRMF) Chairman and CEO, Roger McIntyre announced the opening of a new Canadian Rapid Treatment Center of Excellence (CRTCE) clinic in Ottawa, Ontario. This third clinic joins the Mississauga and Toronto clinics (CRTCE Clinics) in addressing the unmet need of depression and suicide through novel ketamine therapy treatment.

 

“Over twenty clinical trials have demonstrated that ketamine and esketamine have rapid and robust antidepressant effects in patients that have failed to respond to conventional antidepressants. During the COVID-19 pandemic, the need for effective treatment has become exponentially critical," said Dr. Joshua Rosenblat, Medical Director, CRTCE. "Ketamine treatment for depression is very difficult to access in Canada. This third clinic should allow more people to access treatment."

 

MindMed (NEO:MMED) (OTCQB:MMEDF), a psychedelic medicine biotech company that discovers, develops and deploys psychedelic inspired medicines and therapies to address addiction and mental illness announced just recently that it will acquire HealthMode, a digital medicine and therapeutics startup that uses Artificial Intelligence (AI)-enabled digital measurement to increase the precision and speed of clinical research and patient monitoring.

 

MindMed Co-Founder and CEO, J.R. Rahn said, "Our mission is to make MindMed as much a digital medicine company as a drug development company. With the addition of Dan and Bradford's team of engineers and product experts, our digital medicine division, Albert, is now the Special Ops of digital medicine, applying machine learning to drug development and patient care. The future of modern mental healthcare and psychedelic medicine ultimately will rely on improving infrequent, self-reported and observed measures for mental health to a paradigm where the continual digital measurement of our mind and body is as vital as the drug treatment itself. In effect, we see a future mental health treatment paradigm where potential drug products such as our LSD experiential therapy might be prescribed right alongside software application programming interfaces (APIs) to prepare the patient for treatment and optimally monitor the after-care of one's anxiety disorder."

 

What does the future hold for functional and psychedelic mushrooms for consumers and investors?  According to a recent article,”After successfully traveling through the niche wellness-to-mainstream pipeline, mushrooms are set to get more “magical” with the prospect of wider legalization of psychedelics.”

 

Investors can research the sector with a list of health and wellness stocks  at Investorideas.com

 

Investors can research psychedelic stocks at https://www.investorideas.com/Marijuana-Stocks/Stocks_List.asp

 

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring LRSV is a paid for news release on Investorideas.com – third party: Learn more about  the cost of publishing your news release and our article creation https://www.investorideas.com/News-Upload/ and tickertagstocknews.com More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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#AI / #Health #Stock News: GBT Tokenize (OTCPINK: $GTCH) Is Developing Real Time Object Detection Algorithms And Techniques For Kirlian Research; #Artificialintelligence

 #AI / #Health #Stock News: GBT Tokenize (OTCPINK: $GTCH) Is Developing Real Time Object Detection Algorithms And Techniques For Kirlian Research; #Artificialintelligence

 

SAN DIEGO - February 23, 2021 (Investorideas.com Newswire) GBT Technologies Inc. (OTCPINK: GTCH) ("GBT", or the "Company"), together with GBT Tokenize Corp ("GBT/Tokenize") is developing real time algorithms and techniques for Kirlian research. A Kirilian image includes vast amount of graphical data. GBT/Tokenize research is aiming to develop a system and method to analyze this data as a potential of health-related information source. These algorithms and methods are pattern detection and recognition, based on unique principles. An image's objects are categorized according to their physical characteristics like shape, color, texture, and more. A machine learning based flow is targeted to operate as an object's classifier and analytics processor. We believe that the object detection and analytics method can be used for processing Kirlian images for their characteristics as another stage of GBT/Tokenize's Kirlian Electrophotography research.

 

Read this news, featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2021/02231Kirlian-Research.asp

 

Kirlian photography method introduces a series of techniques that are based on the phenomenon known as electrical coronal discharge. This technique produces an object's energy related images with a colorful representation called aura. When performed on human organs, although not scientifically proven, some believe that these images can be interpreted to analyze health conditions. GBT/Tokenize is researching the development of imaging related techniques to further investigate the data generated from these images for possible health related conclusions. The research is not medical but technical and targeted to conclude a real time analysis of Kirilian images that may be related to human's health conditions.

 

 

Kirlian Research Rendering Analysis sample

GBT Tokenize Is Developing Real Time Object Detection Algorithms And Techniques For Kirlian Research

The goal of our research is to enable a machine learning algorithm to decide as to whether an image's object is of interest or not, pointing a possible health related conclusion. A Kirlian image contains a huge amount of data. The detection and analytics of a Kirlian image requires major computational capabilities in a real time operation. A neural network analysis is done to ensure a reliable object's classification and to train for the detection of objects of interest within a Kirlian image. The approach performs an image based color-based pre-processing, to reach a conclusion about certain pattern and color presented in the image. The goal is to reach a real-time Kirilian image processing with the use of deep learning algorithms and supporting computational hardware resources, achieving advanced imaging conclusions that may provide health related information.

 

Since a Kirlian image includes a vast amount of information, a private, custom real-time algorithms is planned to be developed. This approach is planned to utilize the analysis of an image object's neighboring positions, utilizing this data to increase the overall detection speed. The method is contemplated to process a computation of the original objects and their neighboring information to formulate an efficient flow that can be repeatedly executed, achieving a true real-time processing. Finally, advanced algorithmic and hardware related architectures will exploit parallel processing to accelerate the complex computations operations. Data parallelism can be achieved using a CPU that performs programmatic instruction, which is efficient to accelerate large amount of data processing. The company targets this development to achieve a high speed, real time Kirilian imaging processing that may be of use for health-related advice.

"As we continue with the Kirlian Imaging research, we encountered the need for a fast processing of a Kirlian image. A Kirlian image contains a huge amount of data to be analyzed, especially if we are interested in a real time processing. An image that is produced by Kirlian technique includes a colorful, object's energy representation, called Aura. We are aiming to analyze this Aura, using computational geometry algorithms and neural network algorithms. Each image's Aura is targeted to be analyzed according to its color, size, shape and pattern. This type of processing may take a long time even with advanced computational geometry approaches. Due to the vast amount of image's data, we are in the need to develop advanced pattern recognition algorithms that will enable real-time results. We are researching a new detection and analysis approach to categorize each image's Aura characteristics and features. The method will analyze geometrical objects, their relation to their neighbored objects and to the overall image. Each object will be processed through a module, which we call a classifier to catalog it within similar set of objects. It is our goal to have a neural network-based algorithm performing a parallel processing per objects group to achieve rapid, real-time results. In order to further enhance this processing, we will consider parallel processing of the data by software and supporting hardware, i.e. CPUs, GPUs. We are going to invest significant efforts to develop real-time object detection and pattern recognition methods to reach our goal, which is a speed lightning, real time analysis. This stage of the research is aimed to assist with providing the data on-the-fly, possibly advising into health-related information can be identify underline conditions and symptoms" stated Danny Rittman, the Company's CTO.

 

There is no guarantee that the Company will be successful in researching, developing or implementing this technology. In order to successfully implement this technology, the Company will need to raise adequate capital to support its research and, if successfully researched, developed and granted regulatory approval, the Company would need to enter into a strategic relationship with a third party that has experience in manufacturing, selling and distributing this product. There is no guarantee that the Company will be successful in any or all of these critical steps.

 

Kirlian Research Rendering Analysis sample:

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/51a2a5ea-ea62-425b-b8bc-fd5541f12c4c

 

About Us

GBT Technologies, Inc. (OTC PINK: GTCH) ("GBT") (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT's mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT's goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT's vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

 

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company's ability to raise capital on acceptable terms, if at all, the Company's successful development of its products and the integration into its existing products and the commercial acceptance of the Company's products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

 

Contact:

Dr. Danny Rittman, CTO
press@gopherprotocol.com

 

 

GBT Technologies Inc. (OTCQB:GTCH) is a featured tech stock on

Investorideas.com

 

More info on GTCH at Investorideas.com Visit: https://www.investorideas.com/CO/GOPH/

 

Get News Alerts on GBT Technologies Inc GTCH

 

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#AIEye #Podcast 523: CGI (NYSE: $GIB) Awarded Contract for Wildfire Mapping Service Using #AI and #CloudComputing, Minerva Intelligence’s (TSXV: $MVAI.V) AI-Powered TARGET Implemented by Giga Metals (TSXV: $GIGA.V) #artificialintelligence

#AIEye #Podcast 523: CGI (NYSE: $GIB) Awarded Contract for Wildfire Mapping Service Using #AI and #CloudComputing, Minerva Intelligence’s (TSXV: $MVAI.V) AI-Powered TARGET Implemented by Giga Metals (TSXV: $GIGA.V) #artificialintelligence

 

Global AI in #Pharma Market to Reach $5.94 Billion in 2025

 

Point Roberts WA, Vancouver BC – February 22, 2021  – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-  watching stock news, deal tracker and advancements in artificial intelligence

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2021/022221-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2021/artificial-intelligence/02221GIB-MVAI-GIGA.asp

 

Hear the Ai Eye on Spotify  

 

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

 

Stocks discussed: (NYSE:GIB) (TSXV:MVAI) (TSXV:GIGA)

 

The European Space Agency (ESA) has awarded CGI Inc. (NYSE:GIB) a development contract for a new wildfire mapping service that combines advances in Earth Observation (EO), Artificial Intelligence (AI) and cloud computing to help better map and monitor the impact of wildfires. Tara McGeehan, President at CGI in UK & Australia said:

 

"We are excited to be part of this cutting edge project that brings to bear the potential of AI to help the scientific and environmental community to better understand the extent and impact of damaging wildfires throughout the world. Our ongoing partnership with ESA for EO and Thematic Exploitation Platforms is enabling rapid progress in monitoring the Earth's environment to support scientific research and government policy."

 

Minerva Intelligence Inc. (TSXV:MVAI) has announced the successful implementation of its Cognitive AI-powered prospect generation software, TARGET, by Giga Metals Corporation (TSXV:GIGA) to aid with the latter’s identification and evaluation of new prospective exploration targets. Scott Tillman, CEO of Minerva Intelligence, commented:

 

"The commercial validation of our TARGET software is yet another indication of the power of Minerva's Cognitive AI-powered software. The successful deployment of our TARGET software highlights the value we are able to provide to companies that are managing large datasets and seeking to incorporate an artificial intelligence element into the decision-making process. Our success with Giga in Brazil, in conjunction with our recent success in Mexico, points to even greater success in the future in delivering results for mining and exploration companies around the world."

 

Global AI in Pharma Market to Reach $5.94 Billion in 2025

 

A report published by The Business Research Company finds that the global AI in Pharma market is expected to grow from $0.91 billion in 2020 to $5.94 billion in 2025 with a compound annual growth rate (CAGR) of 47 percent in that forecast period. An excerpt from the report description reads:

 

Companies operating in the AI for the pharma market are introducing new AI tools that will be beneficial for the pharma companies and this is a key trend in AI in the pharma market. AI helps in quality control, predictive maintenance, waste reduction, design optimization and process automation.

 

Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

For a list of artificial intelligence stocks on Investorideas.com visit here

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com  Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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#CryptoCorner #Podcast 533- #Stocks discussed: (TSX: $HUT.TO) (LSE:ARB) (CSE: $BTC.C)

 

#CryptoCorner #Podcast 533- #Stocks discussed: (TSX: $HUT.TO) (LSE:ARB) (CSE: $BTC.C)

 

#Bitcoin Hits ATH on Sunday Then Dips Below $49K, Hut 8 Partners with Validus Power Corp., Argo #Blockchain Signs ASIC Mining Agreement with ePIC Blockchain Technologies, and Bluesky Announces Receipt of $500K in Mining Hardware

 

 

Point Roberts, WA, Delta BC February 22, 2021 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2021/022221-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/02221HUT-ARB-BTC.asp

 

Get the Crypto Corner Podcast on iTunes

 

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Stocks discussed: (TSX:HUT) (LSE:ARB) (CSE:BTC)

 

When we left off on the last episode of Crypto Corner (Feb 19), Bitcoin (BTC) was trading just south of $53K, and in fact, at press time it is trading for just a bit more than that at about $53,100, according to data from CoinMarketCap. However, between last Friday and today, Bitcoin’s price has changed significantly, with its having reached its latest all-time high trading price yesterday at $58,330, and finishing with a sudden dip to below $49K earlier this morning. A piece from Cointelegraph suggests that this abrupt dip, in part, could be due to a sell-off from whales, citing large BTC deposits transferred to crypto exchange Gemini. Transfers to exchanges often indicate intention to sell. Crypto trader and analyst Scott Melker tweeted:

 

“I have no idea what happens here, but recent history shows that dips have not lasted long.

 

Would love to see another slow float back up after this bit of selling.

 

Of course we could drop, but each move like this of late has been a buying opportunity.”

 

Hut 8 Mining Corp. (TSX:HUT) has “entered into exclusive partnership discussions with Validus Power Corp. to secure new revenue streams and energy solutions for its bitcoin mining operations.” According to the press release, both firms “are exploring the co-development of an industrial scale energy generation platform that would take full advantage of the proprietary technologies and expertise of both companies.” Hut 8 CEO Jaime Leverton said:

 

"Hut 8 is more than a [Bitcoin] miner. We are accelerators and innovators in the blockchain and big data ecosystem and have a responsibility to build and explore alternative mining practices. The future of our industry and our commitment to our investors is to continuously push new, creative ways of thinking which drive our competitive advantage. Just like we invest in hardware and get ahead of the supply constraints, the same thoughtful approach needs to be applied to our Energy & ESG objectives."

 

Argo Blockchain (LSE:ARB) has signed an agreement with ASIC mining machine firm ePIC Blockchain Technologies, giving it priority access to state-of-the-art ASIC mining rigs. Argo CEO Peter Wall said:

 

"We are really excited about this agreement and working with ePIC, one of the industry’s preeminent ASIC design firms. This partnership will not only give Argo priority in accessing the most advanced mining infrastructure available, but it also highlights our reputation within the sector as an innovative and forward-thinking cryptocurrency miner. By working with a world-class supplier of ASICs at the development and R&D phase to collaboratively create machines to our own specification, it will only further our technical capabilities and efficiency in our mining operations."

 

Bluesky Digital Assets Corp. (CSE:BTC) has announced the Feb. 16 receipt of its $500,000 CAD order of new mining hardware, and that it has now moved it into full mining production. The new hardware adds an additional 30,000 mh/s of overall generic hashing power to the company’s operations. Bluesky’s COO, Anthony R. Pearlman, commented:

 

"I am very pleased when we as an organization can demonstrate to our stakeholders our true ability to do what we represent and say we can; we indicated we would act quickly and utilize our capital on mining hardware in a time where mining hardware is the smart play, get it in the door quickly, get it into production quickly and our actions and results speak volumes!"

 

 

Sam Mowers, Investorideas

 

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#Mining #Stock News: SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Closes US$138 Million Bought Deal Financing Including US$18 Million Over-Allotment Option Exercised in Full; @SilverCrestMet

#Mining #Stock News: SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Closes US$138 Million Bought Deal Financing Including US$18 Million Over-Allotment Option Exercised in Full; @SilverCrestMet

 

VANCOUVER, BC, February 22, 2021 (Investorideas.com Newswire)  - SilverCrest Metals Inc. (TSX: SIL.TO; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce the completion of its prospectus offering announced on February 11, 2021 for the issuance of a total of 15,007,500 common shares at a price of US$9.20 per common share for gross proceeds of US$138,069,000, including exercise of the over–allotment option in full (the "Offering"). The Offering was co–led by Scotiabank, Raymond James Ltd., and RBC Capital Markets on behalf of a syndicate of underwriters that included PI Financial Corp. and BMO Capital Markets.

 

Read this news, featuring SILV in full at https://www.investorideas.com/CO/SILV/news/2021/02221Bought-Deal-Financing.asp

 

The Company plans to use the net proceeds of the Offering to expand the Las Chispas resources and reserves through further drilling, to optimize the mine and processing plant design, to explore regional targets, and for general working capital purposes.

 

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration and development company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. The Las Chispas Project consists of 28 mineral concessions, of which the Company has 100% ownership, where all the known mineral resources and reserves are located. SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

 

FORWARD-LOOKING STATEMENTS

This news release contains "forward–looking statements" within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Such forward–looking statements concern the intended use of proceeds. Such forward–looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of capital expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward–looking statements as a result of the risk factors including: the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; and general market and industry conditions. Forward–looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward–looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward–looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

 

 

N. Eric Fier, CPG, P.Eng

Chief Executive Officer

SilverCrest Metals Inc.

 

SOURCE SilverCrest Metals Inc.

 

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a featured company on Investorideas.com

 

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