VANCOUVER, BC / ACCESSWIRE / July 31, 2019 / It is with great sadness that Strategic Metals Ltd. (“Strategic”) announces the passing of director R.E. Gordon Davis. Mr. Davis enjoyed a long and distinguished career as a geological engineer and mining entrepreneur. His many accomplishments included the co-discovery of the Faro lead-zinc-silver deposits in the Yukon, the founding of Cyprus Anvil Mining Corporation and the discovery of the Camino Rojo gold deposit in Mexico as Chairman and CEO of Canplats Resources Corporation. Mr. Davis’ input and contributions to the Strategic board were always greatly valued.

The board and management of Strategic would like to extend their sincere condolences to Mr. Davis’ family and friends at this difficult time.

ON BEHALF OF STRATEGIC METALS LTD.

“W. Douglas Eaton”
President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

SOURCE: Strategic Metals Ltd.

ReleaseID: 554064

WALTHAM, MA / ACCESSWIRE / July 31, 2019 / Tecogen Inc. (NASDAQ:TGEN), a clean energy company providing ultra-efficient, clean, natural gas-powered on-site power, heating, and cooling equipment, is pleased to announce the sale of its Tecochill engine-driven chiller system to a cannabis cultivation facility located in Nevada. Tecogen will provide the facility with a 150-ton Tecochill “STx Series” system as the primary source of cooling with the heat from the system utilized for dehumidification. This is Tecogen’s 30th chiller sold into the indoor cultivation market in North America, with new orders expected as additional states legalize medicinal and/or recreational marijuana products. Following legalization of recreational cannabis in 2017, Nevada is scaling up production to meet the increase in demand.

“The indoor cultivation industry is experiencing rapid growth as a result of changing state regulations,” said Bill Martini, Vice President of West Coast Sales for Tecogen. “New facilities are increasingly turning to gas cooling to protect themselves from the high operational and infrastructure costs of traditional electric chillers. In addition to the extra savings from using Tecochill’s heat recovery for dehumidification, facilities will have less reliance on the electric utility to maintain cooling during peak periods.”

Use of non-electric Tecochill chilling systems allows growth facilities to significantly downsize the backup generation needed to maintain critical growth conditions during disruptions in the electric grid. In tandem with Tecogen’s InVerde microgrid-enabled cogeneration systems, Tecogen can provide complete resiliency to grid outages for growth facilities at a fraction of the cost of large generation systems.

“North American indoor cultivation was valued at almost $50 billion in 2017 and is expected to increase 3.4% annually over the next 5 years,” noted Benjamin Locke, Tecogen CEO. “Tecogen is uniquely positioned to benefit from this segment by virtue of our exclusive gas cooling technology and industry-leading microgrid cogeneration technology. We continue to work with facility engineers and developers to provide long-term operational cost savings with additional resiliency to grid interruptions.”

About Tecogen

Tecogen Inc. designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean, cogeneration products including natural gas engine-driven combined heat and power, air conditioning systems, and high-efficiency water heaters for residential, commercial, recreational and industrial use. The company is known for cost efficient, environmentally friendly and reliable products for energy production that, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer’s carbon footprint.

In business for over 35 years, Tecogen has shipped more than 3,000 units, supported by an established network of engineering, sales, and service personnel across the United States. For more information, please visit www.tecogen.com or contact us for a free Site Assessment.

Tecogen, InVerde e+, Ilios, Tecochill, Tecofrost, Tecopower, and Ultera are registered or pending trademarks of Tecogen Inc.

Forward Looking Statements

This press release contains “forward-looking statements” which may describe strategies, goals, outlooks or other non-historical matters, or projected revenues, income, returns or other financial measures that may include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “target,” “potential,” “will,” “should,” “could,” “likely,” or “may” and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements.

In addition to those factors described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under “Risk Factors,” among the factors that could cause actual results to differ materially from past and projected future results are the following: fluctuations in demand for our products and services, competing technological developments, issues relating to research and development, the availability of incentives, rebates, and tax benefits relating to our products and services, changes in the regulatory environment relating to our products and services, integration of acquired business operations, and the ability to obtain financing on favorable terms to fund existing operations and anticipated growth.

Tecogen Media & Investor Relations Contact Information:

Benjamin Locke, CEO
P: (781) 466-6402
E: Benjamin.Locke@Tecogen.com

SOURCE: Tecogen Inc.

ReleaseID: 554084

New claims cover several curved geophysical features interpreted as fold axes where gold-silver mineralization appears to be concentrated

VICTORIA, BC / ACCESSWIRE / July 31, 2019 / GoldON Resources Ltd. (“GoldON” or the “Company”) (TSX-V:GLD) is pleased to announce it has acquired by staking an additional seven claims to increase the size of its 100% owned Slate Falls Gold-Silver Property from ~3,200 hectares to 5,687 hectares. The new claims were acquired to cover several curved geophysical features lying primarily to the north of the existing Property. The expanded Property now spans 13 kilometres (km) at its widest point east-west and 8 km at its widest point north-south (see Figure 1).

While the Ontario Geological Survey assessment records show the new claims have seen very limited historical exploration work, GoldON’s interpretation is that 2019 and historical high-grade gold and silver results from showings across the existing Slate Falls property correlate with key regional scale structures that extend onto the new claims. These structures are interpreted as folds and fold axes where gold-silver mineralization appears to be concentrated.

Emerald Geological Services has commenced prospecting, sampling and reconnaissance mapping at several locations on the new claims.

“This year’s surface sample results of up to 331.76 g/t gold and 3,025 g/t silver (see June 25 and July 17, 2019 news releases) have confirmed the strong correlation between the geophysical features that are well documented on our existing Slate Falls property and high-grade gold and silver mineralization. The new claims cover several of these same geophysical features in an area that has seen little or no historical exploration and we look forward to reporting the results from our initial fieldwork,” said Michael Romanik, president of GoldON.

The Slate Falls property is located in the Meen-Dempster Greenstone Belt between the Red Lake and Pickle Lake Gold Camps (see location map Figure 2). The Fry Lake-Bamaji Lake Deformation Zone passes through the Property representing first and second order crustal-scale structures that cut stratigraphy that is similar to and contemporaneous with the stratigraphy which hosts the past-producing Golden Patricia Gold Mine, which produced 620,000 ounces of gold at 15 g/t Au between 1988-1997 and lies 30 kilometres to the northeast.

Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company.

About GoldON Resources Ltd.

GoldON is an exploration company focused on discovery-stage properties located in the prolific gold mining belts of northwestern Ontario, Canada. Active projects include the West Madsen property in the Red Lake Gold Camp and our flagship Slate Falls project in the Patricia Mining Division where 18 Au-Ag mineralized zones have been identified over the 13-kilometre breadth of the property. GoldON has 13,874,782 shares issued and is fully funded to complete its summer work programs.

For additional information please visit our website and you can review our corporate presentation by clicking here.

ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
Direct line: (204) 724-0613
Email: info@goldonresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: GoldON Resources Ltd.

ReleaseID: 554013

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ALL FIGURES IN CANADIAN DOLLARS UNLESS OTHERWISE SPECIFIED.

LOS ANGELES, CA / ACCESSWIRE / July 31, 2019 / Ventura Cannabis and Wellness Corp. (CSE:VCAN) (“Ventura Cannabis” or the “Company”) is pleased to post its first fiscal quarter financial statements as a cannabis company for the quarter ending May 31, 2019. In April 2019 shareholders overwhelmingly approved a change of business from addiction rehabilitation services to cannabis products.

Additionally, management released a synopsis to clearly explain the path to the annual revenue goal of $10 million in cannabis sales with the current balance sheet and purchase agreements in place.

Quarterly Highlights:

P&L:

Generated $93,000 in cannabis revenue for the quarter. This revenue is from the Amberlight acquisition and represents less than one month of the quarter.
Since closing Amberlight and implementing several operational improvements, management has increased total estimated cannabis revenue guidance for the quarter ending August 31, 2019 from $225,000 to over $300,000 (or $1,200,000 annualized) from the Amberlight cannabis business.
As expected, revenues associated with addiction services decreased, due in part to the disposition of certain assets in the business unit in exchange for cash.

Balance Sheet and Cash Flow Statement:

Cash as of July 31, 2019 is $4,444,088 as compared to $5,036,000 at the year-end (February 28, 2019).
Projected Cash Flow Summary of the for the first two quarters, the period March 1, 2019, to August 31, 2019 (Rounded)

Cash at year-end (February 28, 2019)

$
5,000,000

ADD: Cash generated from a combination of operational cash flow and cash

from the sale of addiction services assets during the first two quarters (the period March 1, 2019 to August 31, 2019)

$
1,000,000

Sub total

$
6,000,000

LESS: Cash spent or set aside for transactions (See below)

$
(1,750,000)

Estimated cash balance end of Q2 2019

$
4,250,000

Cash is expected to be $4,250,000 at the end of the second quarter (period ending August 31, 2019) after closing the Amberlight and Kush Rush acquisitions (representing 100% of the cash consideration for both acquisitions).

VCAN expects to continue to generate at least $500,000 in quarterly cash flow from a combination of operational cash flow and cash from the sale of addiction services assets into the third and fourth fiscal quarters of the year.

Cash spent for transactions:

The entire cash consideration component for the Amberlight acquisition, (closing announced May 6th, 2019) as well as legal, due diligence and transaction fees associated with the acquisition totaled $683,289. At the time of closing, the acquisition was expected to generate $225,000 per quarter of revenue. That estimate has since been increased to over $300,000 for the quarter ending August 31, 2019 ($1,200,000 annualized).
The entire cash consideration component for the Kush Rush acquisition (announced July 2nd, 2019) which is expected to close in the current quarter, as well as legal, due diligence and transaction fees associated with the acquisition totaled $373,439. The acquisition is estimated to generate $125,000 per quarter of revenue ($500,000 annualized).
All transactional, legal and due diligence costs totaling $393,889 for the following acquisitions and projects representing an additional $5,300,000 in annualized revenue when closed (all cannabis businesses are anticipated to have 20% EBITDA margins post- integration):

Oakland (pending close)
CannaSun and UHCC (pending close)
Remedy (pending close)
Creation of a pipeline project stream to reduce future and current transactional costs.

“I am pleased with our first quarter as a cannabis company,” said Chris Heath, President of Ventura Cannabis. “We held a shareholder vote to transform ourselves into a cannabis company, closed our first cannabis deal, executed purchase agreements to add seven million dollars in annual revenue and built a significant pipeline of acquisition targets. We also improved many marketing and operational aspects of our first acquisition, Amberlight, giving us the confidence to increase our quarterly cannabis revenue projections for the second fiscal quarter.”

“We continue to manage cash wisely,” said Andrew Cross, Chief Financial Officer of Ventura. “We are focused on generating cash this year to invest in cannabis assets. We are actively looking to divest the remaining addiction treatment services assets, including the real estate we hold, which should generate cash in the coming quarters. We are also actively working on methods to increase value from our current and future cannabis assets.”

Ventura Cannabis Revenue Growth Plan Highlights – The Path to $10 Million in Annual Revenues

VCAN has a target of $10 million in annual cannabis revenues for its first full year of cannabis operations.

Full year of operations begins after the closing of:

Five dispensaries currently under contract (One is closed, awaiting regulatory approval for remaining four).

Vertically integrated product business currently under contract.

The First $7 Million in Annual Revenue: Closing Acquisitions

VCAN has executed binding Purchase Agreements to acquire five dispensaries, including Amberlight, with expected total annualized sales of $7 million.
VCAN has executed a binding Purchase Agreement to acquire a vertically integrated cannabis product company.
VCAN has the balance sheet and cash flow to close these deals and generate a minimum of $7 million in projected annual revenues.

The Next $3 Million in Annual Revenue: Adding Post-Acquisition Revenues

Once acquisitions are completed, VCAN has a plan to increase sales in each of the five dispensaries of just $600,000 per year or $50,000 per month to meet the revenue target.

Three ways to increase revenue post-closing:

Increasing the customer base using targeted VCAN products for seniors and professionals.
Increase customer spending with higher quality and higher-priced VCAN products.
A growing overall market – increasing the estimated annual revenue for the dispensaries under contract for revenue growth after closing based upon operational improvements and cost-effective marketing initiatives.

Amberlight is the first “proof of concept”

At closing, Amberlight revenues were estimated and reported to be $225,000 per quarter – the quarter ending August 31st will be the first full quarter of revenue to measure actual revenue.
Since closing and implementation of marketing and operational initiatives, Amberlight revenue has increased to $300,000 in quarterly revenue.

Kush Rush is expected to close this quarter and be the second “proof of concept”

At closing, Kush Rush revenues are estimated and reported to be $125,000 per quarter – the quarter ending November 30th will be the first full quarter of revenue to measure actual revenue.

Once the other California dispensaries are closed, and VCAN products are prominently featured, Management expects additional organic revenue growth from product sales to the network of partner-operated dispensaries.

Chris Heath
President

Ventura Cannabis and Wellness Corp.
(424) 372-1123
investor@venturacanna.com
www.venturacanna.com

Certain statements contained in this presentation constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “confident” and similar expressions as they relate to the Company. Such statements reflect the Company’s current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties, and assumptions. The forward-looking information included are made as of July 31, 2019, and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. VCAN holds or is acquiring marijuana assets in the United States. Previously disclosed acquisitions are still subject to closing.

Marijuana is legal in each state VCAN is looking to operate, however marijuana remains illegal under US federal law, and the approach to enforcement of US federal law against marijuana is subject to change. Shareholders and investors need to be aware that adverse enforcement actions could affect their investments and that VCAN’s ability to access private and public capital could be affected and or could not be available to support continuing operations.

SOURCE: Ventura Cannabis and Wellness Corp.

ReleaseID: 554041

WESTMINSTER, MA / ACCESSWIRE / July 31, 2019 / TechPrecision Corporation (OTCQB:TPCS) (“TechPrecision” or “the Company”), an industry leading manufacturer of precision, large-scale fabricated and machined metal components and tested systems with customers in the defense, energy and precision industrial sectors, today announced it will release financial results for its 2020 fiscal first quarter on Tuesday, August 13, 2019.

The Company will hold a conference call at 4:30 p.m. Eastern (U.S.) time on August 13, 2019. To participate in the live conference call, please dial 1-888-567-1602 five to 10 minutes prior to the scheduled conference call time. International callers should dial 1-862-298-0702. When prompted, reference TechPrecision.

A replay will be available until September 13, 2019. To access the replay, dial 1-877-481-4010 or 1-919-882-2331. When prompted, enter Conference Passcode 52180.

The call will also be available live by webcast at TechPrecision Corporation’s website, www.techprecision.com, and will also be available over the Internet and accessible at: https://www.investornetwork.com/event/presentation/52180.

About TechPrecision Corporation

TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc. and Wuxi Critical Mechanical Components Co., Ltd., manufactures large-scale, metal fabricated and machined precision components and equipment. These products are used in a variety of markets including: defense, aerospace, nuclear, industrial, and medical. TechPrecision’s goal is to be an end-to-end service provider to its customers by furnishing customized solutions for completed products requiring custom fabrication and machining, assembly, inspection and testing. To learn more about the Company, please visit the corporate website at http://www.techprecision.com. Information on the Company’s website or any other website does not constitute a part of this press release.

Company Contact:

Mr. Thomas Sammons
Chief Financial Officer
TechPrecision Corporation
Tel: 978-883-5109
Email: sammonst@ranor.com
www.techprecision.com

Investor Relations Contact:

Hayden IR
Brett Maas
Phone: 646-536-7331
Email: brett@haydenir.com

SOURCE: TechPrecision Corporation

ReleaseID: 553866

VANCOUVER, BC / ACCESSWIRE / July 31, 2019 / TerraX Minerals Inc. (TSX-V:TXR)(FSE:TX0)(OTC PINKk:TRXXF) is pleased to announce that the 2019 summer drill program moves to Berry Hill at the Yellowknife City Gold (“YCG”) project. Phase 1 at Sam Otto South has been completed with approximately 1200m of drilling over 1km of strike extension. All holes intersected targeted shear zones and assays are pending. TerraX will return to Sam Otto South later this summer to follow up with more aggressive step out holes intended to build strike extension to the south for an additional 2km.

Figure 1.

Drilling activity has moved to the Berry Hill zone within the Barney Deformation Corridor (BDC) on trend with the North Giant Extension (Figure 1). Approximately 900 meters of diamond drilling will test a prospective zone based on surface sample results and positive historical data that accompanied historical core acquired in late 2018. The goal is to define a multi-kilometer long gold bearing system that trends north from the last known workings of the Giant mine at the GKP zone (Figure 1).

David Suda, President and CEO stated, “This part of our summer program at Berry Hill is an early look at the potential to define gold structures trending at least 8 km onto TerraX property from the North Giant extension (NGX). We are working to define the continuation of a trend that produced over 8M ounces of high-grade gold in the past.”

Upon completion of drilling at Berry Hill, TerraX will commence approximately 2500 meters drilling at the high-grade Crestaurum target. The company will announce more detailed plans in the coming weeks.

The technical information contained in this news release has been approved by Joseph Campbell, Executive Chairman of TerraX, who is a Qualified Person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About the Yellowknife City Gold Project

The Yellowknife City Gold (“YCG”) project encompasses 783 sq km of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, TerraX controls one of the six major high-grade gold camps in Canada. Being within 10 km of the City of Yellowknife, the YCG project is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power and skilled tradespeople.

The YCG project lies on the prolific Yellowknife greenstone belt, covering 70 km of strike length along the main mineralized break in the Yellowknife gold district, including the southern and northern extensions of the shear system that hosted the high-grade Con and Giant gold mines. The project area contains multiple shears that are the recognized hosts for gold deposits in the Yellowknife gold district, with innumerable gold showings and recent high-grade drill results that serve to indicate the project’s potential as a world-class gold district.

For more information on the YCG project, please visit our web site at www.terraxminerals.com.

On behalf of the Board of Directors

“DAVID SUDA”

David Suda
President and CEO

For more information, please contact:
Samuel Vella
Manager of Corporate Communications
Phone: 604-689-1749
Toll-Free: 1-855-737-2684
svella@terraxminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com). Forward-looking statements in this news release include, but are not limited to, statements regarding the use of proceeds from the Offering. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

SOURCE: TerraX Minerals Inc.

ReleaseID: 554076

WEST MELBOURNE, FL / ACCESSWIRE / July 31, 2019 / BK Technologies Corporation (NYSE American:BKTI), a holding company with an operating subsidiary that designs, manufactures and markets two-way radio communications equipment, will host an investor conference call to discuss its operating results for the second quarter ended June 30, 2019 on Wednesday August 7, 2019 at 9:00 a.m., EDT. On the call will be Timothy Vitou, President, and William Kelly, Executive Vice President and Chief Financial Officer.

The Company plans to release its financial and operating results for the second quarter ended June 30, 2019 after the close of stock market trading on Tuesday, August 6, 2019.

Shareholders and interested parties may participate in the conference call by dialing 844-602-0380 (international and local participants dial 862-298-0970) and asking to be connected to the “BK Technologies Corporation Conference Call”. The call will also be webcast at www.bktechnologies.com. Please allow extra time prior to the call to visit the site. An online archive of the webcast will be available on the Company’s web site for thirty (30) days following the call at www.bktechnologies.com. A replay of the conference call will be available one hour after completion of the call until August 18, 2019 by dialing 877-481-4010 #51423 (international/local participants dial 919-882-2331 #51423).

About BK Technologies

BK Technologies Corporation is an American holding company deeply rooted in the public safety communications industry, with its operating subsidiary manufacturing high-specification communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies. BK Technologies is honored to serve our public safety heroes with reliable equipment when every moment counts. The Company’s common stock trades on the NYSE American market under the symbol “BKTI”. Maintaining its headquarters in West Melbourne, Florida, BK Technologies can be contacted through its web site at www.bktechnologies.com or directly at 1-800-821-2900.

SOURCE: BK Technologies, Inc.

ReleaseID: 553955