Unity Energy Corp. which is principally engaged in uranium exploration in the Athabasca Basin, jumped more than 10 per cent to 39 cents Wednesday morning. It was among the most actively traded on the TSXV in the early minutes of the trading session although there was no apparent fresh stock specific news. It has since lost much of those gains with more than 1.1 million shares traded. In early July, Unity announced plans to spin out its Dickens Lake gold assets.
Bioexx Specialty Proteins Ltd. jumped more than 3 per cent and moved further away from a year low of 84 cents after saying on Wednesday that it has continued to achieve improvements in production metrics at its Saskatoon plant during the month of July. In general, the plant is now operating in a stronger and more predictable manner that, subject to some improvements being made during the next two weeks, should result in more robust and continuous operations being achieved throughout the balance of this year.
Ballard Power Systems announced its consolidated second-quarter financial results. In its 2011 business outlook, Ballard confirmed its full-year guidance for revenue growth in excess of 30 per cent. “As previously noted, the company expects revenue to be weighted toward second half of the year, with growth driven by accelerating momentum in all four fuel cell product markets, particularly bus,” it said. Ballard also confirmed its full-year guidance for adjusted EBITDA improvement in excess of 40 per cent. “This improvement trajectory is expected to be supported by the revenue growth outlined above, a shift in mix toward higher margin products and continuing reductions in both product costs and cash operating cost base.”
Champion Minerals Inc. announced on Wednesday the assay results recently received for diamond drill holes completed at the Fire Lake North Project. The definition drilling at both the east and west designed pit areas continues to intersect wide intervals of iron formation containing distinct zones of high-grade, coarse-grained, specular hematite-rich mineralization.
Alexco Resource reported on Wednesday the second-quarter production results from the Bellekeno mine in the Keno Hill Silver District, Yukon. Mill throughput increased by 4.9 per cent and silver production increased by 3.8 per cent over first-quarter 2011 performance, with lead and zinc production increasing 10.7 per cent and 32.8 per cent respectively. Mine production during the same period was 22,166 tonnes at an average grade of 958 grams per tonne silver, 11.5 per cent lead and 6.4 per cent zinc.
Pilot Gold Inc. reported a new gold discovery at its 100 per cent owned Brik Project in southeast Nevada. The first holes drilled on the Hidden Treasure Target have intersected wide intervals of near surface oxide gold mineralization from a sub-horizontal zone that remains open in all directions.
GuestLogix Inc. , a provider of onboard store technology to airlines and the passenger travel industry, announced Wednesday that it has successfully deployed its OnTouch Box Office merchandising platform onboard a leading global airline’s international carrier network. This is the first of 13 programs the company has set to “go live” by the end of the fiscal year, representing a significant revenue growth opportunity for both GuestLogix and its airline customers.
Distinction Group Inc. , a Canadian facility services company, announced today that it has acquired Cleanmax Inc. through its subsidiary Omni Facility Services Canada Limited. Cleanmax will strengthen the company’s service platform in Alberta and generate approximately $8.5-million in additional annual revenues.
Poynt Corporation , a provider of mobile local search services, announced the availability of the Poynt App for Windows Phone 7 users in Germany, France, Italy, and Spain in their respective local languages. With the addition of the Windows Phone 7 platform in key European markets, Poynt user interactions will drive increased user numbers, searches, page views and revenue as the App continues to be monetized with display advertising.
Yukon-Nevada Gold Corp. announced that it is currently negotiating a Forward Gold Purchase Agreement with Deutsche Bank AG, London Branch. Subject to satisfaction of all closing conditions and internal approval requirements, Deutsche Bank will fund a $120-million (U.S.) prepaid gold forward facility to Queenstake Resources USA, Inc., a subsidiary of the company.