Blog - Page 3673 of 5713

WednesdayNov 10, 2010 9:20 am

Maverick Minerals Corp. (MVRM.OB) Contractor Completes Drill Site Construction

Maverick Minerals Corp. announced yesterday that their Texas based contractor has completed drill site construction in preparation for the drilling of the Company's Initial Test Well later this month. Maverick contracted for the provision of location services at their drill site in Fort Bend County, Texas. The construction of location services included widening of an existing 2,000 foot access road and foundational re-enforcement with crushed limestone. Contractors also constructed the requisite drilling pad of approximately 1.5 acres in anticipation of rig mobilization. The Company has negotiated a turn-key drilling contract with a major Texas based drilling company for their initial…

WednesdayNov 10, 2010 9:01 am

Uranium Energy Corp. (UEC) Announces Initiation of Major Drilling Program at Salvo Project

Uranium Energy Corp. was pleased to announce this morning that the company has commenced a drilling program at its 100%-controlled Salvo Project in Bee County, Texas. The purpose of this initiative is to verify the historic resource as well as expand on the resource by drilling new areas of mineralization. The exploration drill plan has been split into two phases, each utilizing two rigs. The first phase will consist of approximately 50 holes, plus 5 core holes, which the company expects, with favorable results, will culminate in an updated NI 43-101 resource estimate being available during the first quarter of…

WednesdayNov 10, 2010 8:52 am

Validian Corp. (VLDI.OB) Announces Sale to U.S. Regional IT Company

Yesterday, Validian Corp. announced the sale of its Validian Protect product to an anonymous U.S. based IT/Accounting Services company. Validian Corporation, a producer of technology that provides secure access, storage and transfer of data on wired, wireless and mobile internet, among other data transfer and internet tech and services, has offices in the U.S. and Canada. The company that purchased Validian Protect wishes to remain anonymous due to its work on U.S. Government and corporate IT accounts. They have made an initial payment of $156,000 towards the license fee for the installation of Validian Protect product. Validian expects this initial…

WednesdayNov 10, 2010 8:49 am

GMX Resources Inc. (GMXR) Reports Third Quarter Update

GMX Resources Inc. reported financial results for the third quarter of 2010, along with an operational update on the company’s oil and gas exploration and development activity. GMX Resources Inc. reported net income of $2.2 million, or $0.08 per diluted share, in the third quarter of 2010 ending September 30, 2010. The company reported a net loss of $2.5 million, or $0.12 per diluted share, in the same quarter of 2009. GMX Resources Inc. produced 4.65 billion cubic feet of natural gas equivalents in the third quarter 2010, an 8% sequential increase in production from the 4.31 billion cubic feet…

TuesdayNov 09, 2010 5:02 pm

China Green Material Technologies (CAGM.OB) Posts Solid Q3 Earnings Leveraged by Increased Demand and Market Expansion

China Green Material Technologies Inc., a China-based manufacturer of starch-based biodegradable containers, today posted its financial results for the third quarter ended September 30, 2010. The company reported a third-quarter revenue increase of 43.6 percent to $6.0 million, compared to $4.2 million reported in the third quarter of 2009. The company attributes the increase to strong reorders from existing customers; the company also retained six new customers, with orders from those relationships, reflecting the company’s expansion into the supermarket sector. Su Zhonghao, CEO of China Green Materials, said rising demand for its current products paired with the introduction of new…

TuesdayNov 09, 2010 3:22 pm

OXIS International, Inc. (OXIS.OB) Commercial Manufacturer Gemini Pharmaceuticals Provides $1M Strategic Investment/Credit Line

OXIS International, www.oxis.com – the developer of revolutionary products in the fight against diseases of oxidative stress/inflammation typical of free radical and reactive oxygen species (ROS) damage, reported today a $250k strategic equity investment and $750k line of credit from leading pharmaceutical/nutrition industry giant Gemini Pharmaceuticals. Gemini has been manufacturing private label OTC’s and nutraceuticals/supplements for over 30 years and is the primary product development and manufacturing partner for OXIS. Full cGMP certification is a strong guarantee that the FDA licensed and registered Gemini, whose facility offers unmatched manufacturing precision and a full on-site laboratory, will deliver the best product…

TuesdayNov 09, 2010 3:19 pm

U.S. Patent and Trademark Office to Issue Fundamental Smart Grid Patent to Beacon Power Corp. (BCON)

Advanced energy storage systems and service provider Beacon Power Corp. received news that the U.S. Patent and Trademark Office will issue the company a fundamental smart grid patent. The patent will be the underlying technology of the new Beacon Power SmartLink™ system, which, according to the company, may be used in a broad range of existing and future distributed generation (DG) applications. The Beacon Power SmartLink™ system may be useful whenever grid instability occurs during an outage or in support of a broad range of customer markets and applications. Currently, the majority of DG resources automatically turn off when a…

TuesdayNov 09, 2010 12:46 pm

Nabi Biopharmaceuticals (NABI) On Track to Offer Market’s First Nicotine Vaccine for Smoking Cessation

Nabi Biopharmaceuticals, specializing in using the immune system to develop products that counteract nicotine addiction and gram-positive bacterial infections, announced today that it has completed enrollment in the second Phase III clinical trial of NicVAX® (Nicotine Conjugate Vaccine). NicVAX is Nabi’s proprietary candidate vaccine for treating nicotine addiction. Enrollment for the first clinical trial was completed in July. NicVAX works by getting the immune system to produce antibodies that block nicotine from reaching receptors in the brain, receptors that release dopamine and other stimulants. When fewer such stimulants are released, the pleasurable and addictive effects of nicotine are diminished, making…

TuesdayNov 09, 2010 12:43 pm

Compass Diversified Holdings (CODI) Reports Third Quarter Results

Compass Diversified Holdings reported that cash flow available for distribution and reinvestment more than doubled in the third quarter of 2010, compared to last year’s third quarter. Management attributed the increase to improved business at the company’s subsidiary businesses. Compass Diversified Holdings reported $23.8 million in cash flow available for distribution and reinvestment in the third quarter of 2010. The company generated $11.7 million in the same quarter of 2009. Compass Diversified Holdings also paid its regular cash distribution of $0.34 per share last month, and has now paid out cumulative cash distributions of $5.65 per share since the company…

TuesdayNov 09, 2010 10:04 am

Paramount Gold and Silver Corp. (PZG) Featured by TinyGems

Paramount Gold and Silver Corp. is a U.S. based exploration and development company with multi-million ounce advanced stage precious metals projects in Nevada and northern Mexico. The company has fully funded programs in progress at these two main projects with the objective of substantially expanding its resources over the next two years. Plans are also underway to exploit a large, surface inventory of gold in tailings and leach pad heaps on the Nevada property for potential near-term cash flow. Paramount's corporate strategy is three-fold: acquiring and expanding known deposits in large-scale geological environments in North America, locating opportunities in established…

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