TRAC

Traction and F3 Mobilize Drill to Hearty Bay to Test New Targets at Head of Uranium Boulder Field

Retrieved on: 
Thursday, March 7, 2024

The program is designed to find the source of glacially dispersed uraniferous boulders and anomalous till geochemistry samples on Isle Brochet.

Key Points: 
  • The program is designed to find the source of glacially dispersed uraniferous boulders and anomalous till geochemistry samples on Isle Brochet.
  • The glacially dispersed material in combination with the recently completed gravity survey (see News Release of January 30, 2024) provides new, reliable targets for the program that were not tested in previous and historic drill programs.
  • A total of approximately 2,000 metres of drilling is planned using a Boart Longyear sonic rig that can recover and sample both overburden and bedrock.
  • The information provides an indication of the exploration potential of the Company’s properties but may not be representative of expected results.

Fate Therapeutics Reports Fourth Quarter and Full Year 2023 Financial Results and Business Updates

Retrieved on: 
Monday, February 26, 2024

SAN DIEGO, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Fate Therapeutics, Inc. (NASDAQ: FATE), a clinical-stage biopharmaceutical company dedicated to bringing a first-in-class pipeline of induced pluripotent stem cell (iPSC)-derived cellular immunotherapies to patients with cancer and autoimmune disorders, today reported business highlights and financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Total Operating Expenses: For the fourth quarter of 2023, GAAP operating expenses were $49.8 million, including research and development expenses of $31.8 million and general and administrative expenses of $17.9 million.
  • Shares Outstanding: Common shares outstanding were 98.6 million, and preferred shares outstanding were 2.8 million, as of December 31, 2023.
  • ET to review financial and operating results for the quarter and full year ended December 31, 2023.
  • The live webcast can be accessed under "Events & Presentations" in the Investors section of the Company's website at www.fatetherapeutics.com.

Y Combinator Alum Axle Health Raises $4.2M to Scale Its Home Health Care Software Platform

Retrieved on: 
Thursday, February 22, 2024

Today, Axle Health (“Axle”), the leading provider of scheduling and workforce management software in the home health care space, is announcing the close of $4.2M in seed funding, bringing its total raised to $4.4M.

Key Points: 
  • Today, Axle Health (“Axle”), the leading provider of scheduling and workforce management software in the home health care space, is announcing the close of $4.2M in seed funding, bringing its total raised to $4.4M.
  • “Pear has a long history of identifying exceptional teams delivering on a clear market need,” said Pear VC partner Vivien Ho.
  • About Axle Health: Axle Health provides scheduling and workforce management software for home health care providers.
  • Axle is integrated with a wide range of EMRs, and the entire Axle product can be customized and accessed modularly via API.

Burns Charest & Kick Law Firm: Lawsuit Alleges Western Union, MoneyGram Unlawfully Share Customers’ Personal Information with Law Enforcement

Retrieved on: 
Thursday, February 22, 2024

According to the lawsuit filed by attorneys with Burns Charest LLP and the Kick Law Firm, the companies provide personal information to hundreds of law enforcement agencies, bypassing the typical legal requirements such as court orders, subpoenas, or warrants, and done without the knowledge and consent of the individuals using the services.

Key Points: 
  • According to the lawsuit filed by attorneys with Burns Charest LLP and the Kick Law Firm, the companies provide personal information to hundreds of law enforcement agencies, bypassing the typical legal requirements such as court orders, subpoenas, or warrants, and done without the knowledge and consent of the individuals using the services.
  • The lawsuit alleges the two money transfer providers, together with Forcepoint and TRAC, are violating the California Consumer Privacy Rights Act and the California constitutional right to privacy.
  • “It is unconscionable that these companies are caving to governmental pressure and knowingly providing this information in violation of the law and their own policies,” says Chase Hilton of Burns Charest, who filed the lawsuit with co-counsel Taras Kick of the Kick Law Firm.
  • The United States is one of the largest remitters and, notably, Mexico received the second highest level of remittances in 2022.

Precision BioSciences Announces Non-Exclusive Patent License Agreement with Caribou Biosciences

Retrieved on: 
Tuesday, February 20, 2024

This approach is proprietary to Precision and results in T cells suitable for allogeneic use.

Key Points: 
  • This approach is proprietary to Precision and results in T cells suitable for allogeneic use.
  • Under the terms of the agreement, Precision will receive an upfront payment and, upon commercialization by Caribou, royalties on net sales of licensed products.
  • In addition, for each occurrence of certain strategic transactions involving Caribou, Precision is eligible to receive a specific tiered milestone payment.
  • This patent family is potentially also available for non-exclusive license to other high-quality partners in the cell therapy space.

Traction and F3 Complete Gravity Survey at Hearty Bay, Identify Promising Targets for Upcoming Drill Program

Retrieved on: 
Tuesday, January 30, 2024

The survey has identified a number of gravity lows, several located northeast (up-ice) of the boulder train, but slightly more east than where the historic drilling was targeting.

Key Points: 
  • The survey has identified a number of gravity lows, several located northeast (up-ice) of the boulder train, but slightly more east than where the historic drilling was targeting.
  • These targets are up to 500m long with the three anomalous areas on the east side lining up along a possible north-south fault system.
  • This gives Traction and F3 excellent targets for the upcoming sonic drill program.
  • The upcoming drill program is slated to start near the end of February – early March and will consist of approximately 2,000 metres.

Traction Uranium Issues Shares in Connection with Grease River Property Option Agreement

Retrieved on: 
Tuesday, January 16, 2024

Pursuant to the Option Agreement, as previously disclosed in the news release dated February 7, 2023, the Company has the right, at its option, to acquire up to a 100% interest in the Grease River Property located in Athabasca Basin, Northern Saskatchewan, Canada (the “Property”) in exchange for a series of cash payments, share issuances and funding of exploration expenditures, separated into three phases.

Key Points: 
  • Pursuant to the Option Agreement, as previously disclosed in the news release dated February 7, 2023, the Company has the right, at its option, to acquire up to a 100% interest in the Grease River Property located in Athabasca Basin, Northern Saskatchewan, Canada (the “Property”) in exchange for a series of cash payments, share issuances and funding of exploration expenditures, separated into three phases.
  • The Company will become operator of the Property if it exercises the First Option.
  • To date, a total of 375,000 Phase One Consideration Shares have been issued to the Vendor.
  • All common shares issued to the Optionor pursuant to the Option Agreement will be subject to a statutory four month hold period pursuant to applicable Canadian securities laws.

Traction Uranium Announces Mobilization of Gravity Crew to Hearty Bay Project

Retrieved on: 
Monday, January 8, 2024

CALGARY, Alberta, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTCQB: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) a uranium exploration company with projects in Saskatchewan’s Northern Athabasca Basin, is pleased to announce mobilization of a gravity crew to the company’s Hearty Bay Project.

Key Points: 
  • CALGARY, Alberta, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTCQB: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) a uranium exploration company with projects in Saskatchewan’s Northern Athabasca Basin, is pleased to announce mobilization of a gravity crew to the company’s Hearty Bay Project.
  • Traction will be conducting a gravity survey on Hearty Bay prior to diamond drilling to maximize targets for this winter’s program.
  • The Hearty Bay Project is an ice-road program and suitable ice thickness must be achieved prior to mobilizing drilling equipment over the ice.
  • The gravity survey crew is currently mobilizing to Fond du Lac as ice thickness is enough to allow snowmobiles to access the project.

Traction Uranium Announces Closing of the Second Tranche of Private Placement

Retrieved on: 
Friday, November 24, 2023

CALGARY, Alberta, Nov. 24, 2023 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTCQB: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) is pleased to announce that, further to its news release of October 27, 2023 and November 14, 2023 which announced: i.) a private placement offering (the “Offering”) of up to 10,000,000 non-flow through units (“NFT”) and up to 5,714,285 flow-through (“FT”) units, as well as, ii.) the closing of the first tranche of the Offering, respectively, it has closed the second tranche of the Offering (the “Second Tranche”) by issuing 2,000,000 FT units (each, an “FT Unit”) at a price of $0.175 per FT Unit, for aggregate gross proceeds of $350,000.

Key Points: 
  • a private placement offering (the “Offering”) of up to 10,000,000 non-flow through units (“NFT”) and up to 5,714,285 flow-through (“FT”) units, as well as, ii.)
  • the closing of the first tranche of the Offering, respectively, it has closed the second tranche of the Offering (the “Second Tranche”) by issuing 2,000,000 FT units (each, an “FT Unit”) at a price of $0.175 per FT Unit, for aggregate gross proceeds of $350,000.
  • The securities issued from the Second Tranche are subject to a statutory hold period of four months and one day from November 24, 2023.
  • In connection with the closing of the Second Tranche, an aggregate of $21,000 was paid in cash and a total of 120,000 finder’s warrants (each, a “Finder’s Warrant”) were issued as finder’s fees.

Traction Uranium Announces Closing of the First Tranche of LIFE Offering and FT Units Offering

Retrieved on: 
Wednesday, November 15, 2023

CALGARY, Alberta, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTCQB: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) is pleased to announce that, further to its news release of October 27, 2023 which announced: i.) a non-brokered private placement of up to 10,000,000 units of the Company (each, a “Unit”) pursuant to the listed issuer financing exemption (“LIFE Exemption”) for gross proceeds of up to $1,500,000 (the “LIFE Offering”); and, ii.) a non-brokered private placement of up to 5,714,285 flow-through units of the Company (each, an “FT Unit”) for gross proceeds of up to $1,000,000 (the “FT Units Offering”), it has closed the first tranche of the LIFE Offering and the FT Units Offering (the “First Tranche”) by issuing 793,334 Units at a price of $0.15 per Unit, and 3,589,144 FT Units at a price of $0.175 per FT Unit, for aggregate gross proceeds of $747,100.30.

Key Points: 
  • a non-brokered private placement of up to 10,000,000 units of the Company (each, a “Unit”) pursuant to the listed issuer financing exemption (“LIFE Exemption”) for gross proceeds of up to $1,500,000 (the “LIFE Offering”); and, ii.)
  • a non-brokered private placement of up to 5,714,285 flow-through units of the Company (each, an “FT Unit”) for gross proceeds of up to $1,000,000 (the “FT Units Offering”), it has closed the first tranche of the LIFE Offering and the FT Units Offering (the “First Tranche”) by issuing 793,334 Units at a price of $0.15 per Unit, and 3,589,144 FT Units at a price of $0.175 per FT Unit, for aggregate gross proceeds of $747,100.30.
  • The proceeds from the LIFE Offering are intended to be used to advance the Company’s three flagship uranium projects in the Athabasca Region and for other general corporate purposes.
  • The securities issued from the FT Units Offering are subject to a statutory hold period of four months and one day from November 14, 2023.