Monthly Archives: July 2020

NeoGenomics Reports Revenue of $87 Million in the Second Quarter amid COVID-19 Pandemic

Second-Quarter 2020 Results and Highlights:

Consolidated revenue decreased 14% to $87 million
Clinical Services revenue decreased 17% to $74 million
Pharma Services revenue increased 3% to $13 million
Pharma Services backlog increased 63% to $173 million
Financial position strengthened with $322 million net convertible note and equity offerings
Test menu expanded with suite of solid tumor liquid biopsy tests
Strategic collaboration and minority investment in Inivata established
High-capacity COVID-19 testing lab operationalized

FORT MYERS, FL / ACCESSWIRE / July 28, 2020 / NeoGenomics, Inc. (NASDAQ:NEO) (the "Company"), a leading provider of cancer-focused genetics testing services, today announced its second-quarter results for the period ended June 30, 2020.

"As expected, second quarter financial results were challenging due to the global COVID-19 crisis, which reduced both revenue and earnings," said Douglas M. VanOort, Chairman and CEO of NeoGenomics.

"Even in the midst of this pandemic, we made several strategic moves and invested in our business. We fortified our balance sheet with a successful offering of both common stock and convertible securities, we strategically invested in Inivata for access to liquid biopsy and minimal residual disease testing capabilities, we launched a suite of liquid biopsy tests, we moved forward with investments to further globalize our Pharma Services business, and we built and operationalized a high-capacity COVID-19 testing laboratory. We believe these investments will deliver both near-term and long-term growth, and that we exited the second quarter in a stronger competitive position for the future."

Second-Quarter Results

Consolidated revenue for the second quarter of 2020 was $87 million, a decrease of 14% over the same period in 2019. Clinical Services revenue decreased year-over-year by 17% to $74 million driven by a clinical test volume(1) decrease of 18%. Average revenue per clinical test ("revenue per test") remained stable at $351. Pharma Services revenue grew by 3% to $13 million compared to the second quarter of 2019, primarily due to the January 10, 2020 acquisition of the Oncology Division assets of Human Longevity, Inc. ("HLI – Oncology"). While disruptions in volume stemming from the COVID-19 pandemic reduced growth in both Divisions, there was steady improvement throughout the quarter.

Gross profit was $28.0 million, a decline of 42.8%, compared to the second quarter of 2019. This reduction was the result of the combined effect of lower test volume due to the impact of the COVID-19 pandemic and our decision to retain employees.

Operating expenses increased by $2 million, or 5%, compared to the second quarter of 2019, reflecting investments in informatics, growth initiatives and costs associated with the integration of HLI – Oncology.

Net loss for the quarter was $7 million compared to net income of $2 million for the second quarter of 2019.

Adjusted EBITDA(2) was negative $7 million for the quarter compared to positive $15 million in the second quarter of 2019. Adjusted Net (Loss) Income(2) was a loss of $4 million compared to income of $7 million in the second quarter of 2019.

Cash and cash equivalents, including restricted cash, was $331 million and days sales outstanding ("DSO") was 92 days at the end of the second quarter of 2020 due to the impact of COVID-19 and the distribution of revenue.

(1) Clinical tests exclude requisitions, tests, revenue and costs for Pharma Services and COVID-19 Polymerase Chain Reaction ("PCR") tests.

(2) The Company has provided adjusted financial information that has not been prepared in accordance with GAAP, including Adjusted EBITDA, Adjusted Net (Loss) Income, and Adjusted Diluted EPS. Each of these measures is defined in the section of this report entitled "Use of Non-GAAP Financial Measures." See also the tables reconciling such measures to their closest GAAP equivalent.

Conference Call

The Company has scheduled a webcast and conference call to discuss their first quarter results on Tuesday, July 28, 2020 at 8:30 AM EDT. Interested investors should dial (844) 602-0380 (domestic) and (862) 298-0970 (international) at least five minutes prior to the call. A replay of the conference call will be available until 8:30 AM EDT on August 11, 2020, and can be accessed by dialing (877) 481-4010 (domestic) and (919) 882-2331 (international). The playback conference ID Number is 35578. The webcast may be accessed under the Investor Relations section of our website at www.neogenomics.com. An archive of the webcast will be available until 08:30 AM EDT on October 28, 2020.

About NeoGenomics, Inc.

NeoGenomics, Inc. specializes in cancer genetics testing and information services. The Company provides one of the most comprehensive oncology-focused testing menus in the world for physicians to help them diagnose and treat cancer. The Company's Pharma Services Division serves pharmaceutical clients in clinical trials and drug development.

Headquartered in Fort Myers, FL, NeoGenomics operates CAP accredited and CLIA certified laboratories in Fort Myers and Tampa, Florida; Aliso Viejo, Carlsbad, Fresno and San Diego, California; Houston, Texas; Atlanta, Georgia; Nashville, Tennessee; and CAP accredited laboratories in Rolle, Switzerland, and Singapore. NeoGenomics serves the needs of pathologists, oncologists, academic centers, hospital systems, pharmaceutical firms, integrated service delivery networks, and managed care organizations throughout the United States, and pharmaceutical firms in Europe and Asia. For additional information about NeoGenomics, visit http://www.neogenomics.com/

Forward Looking Statements

Certain information contained in this press release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. These forward looking statements involve a number of risks and uncertainties that could cause actual future results to differ materially from those anticipated in the forward-looking statements as the result of the Company's ability to continue gaining new customers, respond to the effects of the COVID-19 outbreak, offer new types of tests, integrate its acquisitions and otherwise implement its business plan, as well as additional factors discussed under the heading "Risk Factors" and elsewhere in the Company's Annual Report on Form 10-K filed with the SEC on February 28, 2020. As a result, this press release should be read in conjunction with the Company's periodic filings with the SEC. In addition, it is the Company's practice to make information about the Company available by posting copies of its Company Overview Presentation from time to time on the Investor Relations section of its website at http://ir.neogenomics.com/.

Forward-looking statements represent the Company's estimates only as of the date such statements are made (unless another date is indicated) and should not be relied upon as representing the Company's estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, it specifically disclaims any obligation to do so, even if its estimates change.

For further information, please contact:

NeoGenomics, Inc.

William Bonello
Director, Investor Relations
(239) 690-4238 (w)
(239) 284-4314 (m)
bill.bonello@neogenomics.com

NeoGenomics, Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

June 30, 2020 (Unaudited)

December 31, 2019

ASSETS

Cash and cash equivalents

$
295,281

$
173,016

Accounts receivable, net

87,766

94,242

Inventories

21,627

14,405

Other current assets

14,326

9,075

Total current assets

419,000

290,738

Property and equipment (net of accumulated depreciation of $80,143 and $68,809 respectively)

83,969

64,188

Operating lease right-of-use assets

47,554

26,492

Intangible assets, net

125,821

126,640

Goodwill

210,833

198,601

Restricted cash, non-current

36,030

–

Prepaid lease asset

6,084

–

Investment in non-consolidated affiliate

13,137

–

Other assets

3,057

2,847

TOTAL ASSETS

$
945,485

$
709,506

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and other current liabilities

$
52,746

$
50,091

Short-term portion of financing obligations

4,458

10,432

Short-term portion of operating leases

4,496

3,381

Total current liabilities

61,700

63,904

Long-term portion of financing obligations

1,911

95,028

Long-term portion of operating leases

44,524

24,034

Convertible senior notes, net

164,544

–

Deferred income tax liability, net

15,422

15,566

Other long-term liabilities

3,155

3,566

Total long-term liabilities

229,556

138,194

TOTAL LIABILITIES

$
291,256

$
202,098

TOTAL STOCKHOLDERS' EQUITY

$
654,229

$
507,408

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$
945,485

$
709,506

NeoGenomics, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(In thousands, except per share amounts)

Three Months Ended June 30,

Six Months Ended June 30,

2020

2019

2020

2019

NET REVENUE:

Clinical Services

$
73,884

$
88,982

$
166,866

$
175,192

Pharma Services

13,093

12,731

26,141

22,098

Total revenue

86,977

101,713

193,007

197,290

COST OF REVENUE

58,971

52,747

118,632

101,209

GROSS PROFIT

28,006

48,966

74,375

96,081

Operating expenses:

General and administrative

34,613

29,577

70,957

61,719

Research and development

2,105

2,587

4,165

3,796

Sales and marketing

10,195

12,324

23,453

23,540

Total operating expenses

46,913

44,488

98,575

89,055

(LOSS) INCOME FROM OPERATIONS

(18,907
)

4,478

(24,200
)

7,026

Interest expense, net

1,548

1,304

2,367

3,130

Other (income) expense, net

(7,405
)

(10
)

(7,628
)

5,159

Loss on extinguishment of debt

1,400

1,018

1,400

1,018

Loss on termination of cash flow hedge

3,506

–

3,506

–

(Loss) income before taxes

(17,956
)

2,166

(23,845
)

(2,281
)

Income tax (benefit) expense

(11,132
)

175

(10,043
)

(1,848
)

NET (LOSS) INCOME

$
(6,824
)

$
1,991

$
(13,802
)

$
(433
)

NET (LOSS) INCOME PER SHARE

Basic

$
(0.06
)

$
0.02

$
(0.13
)

$
0.00

Diluted

$
(0.06
)

$
0.02

$
(0.13
)

$
0.00

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING

Basic

107,887

98,297

106,209

96,734

Diluted

107,887

102,336

106,209

96,734

NeoGenomics, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(In thousands)

Six Months Ended June 30,

2020

2019

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss

$
(13,802
)

$
(433
)

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation

12,177

10,352

Loss on disposal of assets

263

404

Loss on debt extinguishment

1,400

1,018

Loss on termination of cash flow hedge

3,506

–

Amortization of intangibles

4,919

5,102

Amortization of debt issue costs

112

250

Amortization of convertible debt discount

864

–

Non-cash stock-based compensation

4,821

4,452

Non-cash operating lease expense

4,113

2,218

Changes in assets and liabilities, net

(23,424
)

(21,987
)

Net cash (used in) provided by operating activities

$
(5,051
)

$
1,376

CASH FLOWS FROM INVESTING ACTIVITIES

Purchases of property and equipment

(9,734
)

(6,637
)

Business acquisition

(37,000
)

–

Acquisition working capital adjustment

–

399

Investment in non-consolidated affiliate

(13,137
)

–

Net cash used in investing activities

$
(59,871
)

$
(6,238
)

CASH FLOWS FROM FINANCING ACTIVITIES

Repayment of revolving credit facility

–

(5,000
)

Repayment of equipment financing obligations

(3,059
)

(3,644
)

Proceeds from term loan

–

100,000

Repayment of term loan

(97,540
)

(96,750
)

Cash flow hedge termination

(3,317
)

–

Payments of debt issuance costs

–

(954
)

Issuance of common stock, net

5,469

8,061

Proceeds from issuance of convertible debt, net of issuance costs

194,376

–

Proceeds from equity offering, net

127,288

160,774

Net cash provided by financing activities

$
223,217

$
162,487

Net change in cash, cash equivalents and restricted cash

$
158,295

$
157,625

Cash, cash equivalents and restricted cash, beginning of period

173,016

9,811

Cash, cash equivalents and restricted cash, end of period

$
331,311

$
167,436

Reconciliation of cash, cash equivalents and restricted cash to the Condensed Consolidated Balance Sheets:

Cash and cash equivalents

$
295,281

$
167,436

Restricted cash, non-current

36,030

–

Total cash, cash equivalents and restricted cash

$
331,311

$
167,436

Use of Non-GAAP Financial Measures

The Company's financial results and financial guidance are provided in accordance with GAAP and using certain non-GAAP financial measures. Management believes that the presentation of operating results using non-GAAP financial measures provides useful supplemental information to investors and facilitates the analysis of the Company's core operating results and comparison of core operating results across reporting periods. Management also uses non-GAAP financial measures for financial and operational decision making, planning and forecasting purposes and to manage the Company's business. Management believes that these non-GAAP financial measures enable investors to evaluate the Company's operating results and future prospects in the same manner as management. The non-GAAP financial measures do not replace the presentation of GAAP financial results and should only be used as a supplement to, and not as a substitute for, the Company's financial results presented in accordance with GAAP. There are limitations inherent in non-GAAP financial measures because they exclude charges and credits that are required to be included in a GAAP presentation and do not present the full measure of the Company's recorded costs against its net revenue. In addition, the Company's definition of the non-GAAP financial measures below may differ from non-GAAP measures used by other companies.

Definitions of Non-GAAP Measures

Non-GAAP Adjusted EBITDA

"Adjusted EBITDA" is defined by NeoGenomics as net income from continuing operations before: (i) interest expense, (ii) tax expense, (iii) depreciation and amortization expense, (iv) non-cash stock-based compensation expense, and, if applicable in a reporting period, (v) acquisition and integration related expenses, (vi) non-cash impairments of intangible assets, (vii) and other significant non-recurring or non-operating (income) or expenses, including any debt financing costs.

Non-GAAP Adjusted Net (Loss) Income

"Adjusted Net (Loss) Income" is defined by NeoGenomics as net (loss) income available to common shareholders from continuing operations plus: (i) non-cash amortization of customer lists and other intangible assets, (ii) non-cash stock-based compensation expense, and, if applicable in a reporting period, (iii) acquisition and integration related expenses, (iv) non-cash impairments of intangible assets, (v) and other significant non-recurring or non-operating (income) or expenses, including any debt financing costs.

Non-GAAP Adjusted Diluted EPS

"Adjusted Diluted EPS" is defined by NeoGenomics as adjusted net (loss) income divided by adjusted diluted shares outstanding. Adjusted diluted shares outstanding is the sum of diluted shares outstanding and the weighted average number of common shares that would be outstanding if the preferred stock were converted into common stock on the original issue date based on the number of days such common shares would have been outstanding in the reporting period. In addition, if GAAP net income is negative and adjusted net (loss) income is positive, adjusted diluted shares will also include any options or warrants that would be outstanding as dilutive instruments using the treasury stock method.

Reconciliation of GAAP Net Loss to Non-GAAP EBITDA and Adjusted EBITDA
(Unaudited)
(In thousands)

Three Months Ended June 30,

Six Months Ended June 30,

2020

2019

2020

2019

Net (loss) income (GAAP)

$
(6,824
)

$
1,991

$
(13,802
)

$
(433
)

Adjustments to net (loss) income:

Interest expense, net

1,548

1,304

2,367

3,130

Income tax (benefit) expense

(11,132
)

175

(10,043
)

(1,848
)

Amortization of intangibles

2,467

2,543

4,919

5,102

Depreciation

5,937

5,081

12,177

10,352

EBITDA (non-GAAP)

$
(8,004
)

$
11,094

$
(4,382
)

$
16,303

Further adjustments to EBITDA:

Acquisition and integration related expenses

110

512

1,406

1,778

Other significant non-recurring (income) expenses (3)

(1,965
)

1,018

(1,996
)

6,163

Non-cash stock-based compensation expense

2,635

2,313

4,821

4,452

Adjusted EBITDA (non-GAAP)

$
(7,224
)

$
14,937

$
(151
)

$
28,696

(3) Other significant non-recurring expenses includes reimbursements received related to the CARES Act, cash flow hedge termination fees, debt retirement fees and other non-recurring items.

Reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net (Loss) Income and GAAP EPS to Non-GAAP Adjusted EPS
(Unaudited)
(In thousands, except per share amounts)

Three Months Ended June 30,

Six Months Ended June 30,

2020

2019

2020

2019

Net (loss) income (GAAP)

$
(6,824
)

$
1,991

$
(13,802
)

$
(433
)

Adjustments to net (loss) income, net of tax:

Amortization of intangibles

1,949

2,009

3,886

4,031

Non-cash stock-based compensation expense

2,202

2,019

4,049

3,978

Acquisition and integration related expenses

87

405

1,111

1,405

Other significant non-recurring (income) expenses (4)

(1,553
)

804

(1,577
)

4,869

Adjusted net (loss) income (non-GAAP)

$
(4,139
)

$
7,228

$
(6,333
)

$
13,850

Net (loss) income per common share (GAAP)

Diluted EPS

$
(0.06
)

$
0.02

$
(0.13
)

$
0.00

Adjustments to diluted (loss) income per share:

Amortization of intangibles

0.02

0.02

0.04

0.04

Non-cash stock-based compensation expense

0.02

0.02

0.04

0.04

Acquisition and integration related expenses

–

–

0.01

0.01

Other significant non-recurring (income) expenses (4)

(0.01
)

0.01

(0.01
)

0.05

Rounding and impact of stock options in adjusted diluted shares in net loss periods (5)

(0.01
)

–

(0.01
)

–

Adjusted diluted EPS (non-GAAP)

$
(0.04
)

$
0.07

$
(0.06
)

$
0.14

Weighted average shares used in computation of adjusted diluted EPS:

Diluted common shares (GAAP)

107,887

102,336

106,209

96,734

Options and restricted stock not included in GAAP diluted shares (using treasury stock method)

–

–

–

3,664

Adjusted diluted shares outstanding (non-GAAP)

107,887

102,336

106,209

100,398

(4) Other significant non-recurring expenses includes reimbursements received related to the CARES Act, cash flow hedge termination fees, debt retirement fees and other non-recurring items.(5) This adjustment is for rounding and, in those periods in which there is a net loss, will also compensate for the effects of the treasury stock impact of outstanding stock options in the Adjusted Diluted Shares outstanding, which are not included in GAAP Diluted Shares outstanding.

Supplemental Information
Segment Revenue, Cost of Revenue and Gross Profit
(Unaudited)
(In thousands)

Three Months Ended June 30,

Six Months Ended June 30,

2020

2019

% Change

2020

2019

% Change

Clinical Services:

Clinical Revenue

$
73,884

$
88,982

(17.0
)%

$
166,866

$
175,192

(4.8
)%

Cost of revenue

48,757

46,380

5.1
%

97,680

89,031

9.7
%

Gross profit

$
25,127

$
42,602

(41.0
)%

$
69,186

$
86,161

(19.7
)%

Gross margin

34.0
%

47.9
%

41.5
%

49.2
%

Pharma Services:

Pharma Revenue

$
13,093

$
12,731

2.8
%

$
26,141

$
22,098

18.3
%

Cost of revenue

10,214

6,367

60.4
%

20,952

12,178

72.0
%

Gross profit

$
2,879

$
6,364

(54.8
)%

$
5,189

$
9,920

(47.7
)%

Gross margin

22.0
%

50.0
%

19.9
%

44.9
%

Supplemental Information
Clinical (6) Requisitions Received, Tests Performed, Revenue and Cost of Revenue
(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2020

2019

% Change

2020

2019

% Change

Clinical Services:

Requisitions (cases) received

114,413

144,983

(21.1
)%

258,732

282,094

(8.3
)%

Number of tests performed

204,844

250,330

(18.2
)%

455,220

484,647

(6.1
)%

Average number of tests/requisitions

1.79

1.73

3.5
%

1.76

1.72

2.3
%

Average revenue/requisition

$
629

$
614

2.4
%

$
637

$
621

2.6
%

Average revenue/test

$
351

$
355

(1.1
)%

$
362

$
361

0.3
%

Average cost/requisition

$
414

$
320

29.4
%

$
372

$
316

17.7
%

Average cost/test

$
231

$
185

24.9
%

$
211

$
184

14.7
%

(6) Clinical tests exclude requisitions, tests, revenue and costs of revenue for Pharma Services and COVID-19 PCR tests.

SOURCE: NeoGenomics, Inc.

ReleaseID: 599151

Nighthawk Defines Initial Underground Resource at Colomac and Converts 82% to Indicated Resources Establishing a Strong Foundation for Future Growth

TORONTO, ON / ACCESSWIRE / July 28, 2020 / Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX:NHK)(OTCQX:MIMZF) is pleased to report an updated Mineral Resource Estimate on the 100% owned Indin Lake Gold Property ("2020 MRE"), Northwest Territories, Canada, which includes an updated resource estimate for the Colomac Gold Project ("Colomac", the "2020 Colomac MRE"), as well as an initial Mineral Resource Estimate on the Damoti Lake Gold Project ("Damoti", the "Damoti MRE"), based on a gold price of US$1,425 (Figures 1 and 4). The 2020 Colomac MRE incorporates 924 drill holes totaling 177,598 metres that defines open pit and underground resources and outlines 25.89 million tonnes ("Mt") at an average grade of 2.01 grams per tonne gold ("gpt", "Au") for 1.67 million ounces ("Moz") of Indicated Resources and 5.71 Mt at an average grade of 2.03 gpt Au for 0.37 Moz of Inferred Resources (Table 1). The Damoti MRE is based on 266 drill holes totaling 33,433 metres and outlines 0.74 Mt at an average grade of 4.97 gpt Au for 0.12 Moz of Inferred Resources (Table 2). The 2020 MRE was prepared by InnovExplo Inc. ("InnovExplo"), an independent firm based in Val-d'Or, Québec, in accordance with National Instrument 43-101 ("NI 43-101").

An Exploration Target for Colomac suggests anywhere from 18 Mt to 23 Mt at grades ranging from 1.80 gpt Au to 2.00 gpt Au for a total of between 1.0 Moz upwards to 1.5 Moz Au could be added to the current resource by continuing to drill the projected extensions of currently defined mineralized zones. The Exploration Target is based on the limited extension of known zones to depth and laterally as defined by the current drill density. The potential quantity and grade is conceptual in nature, and the Exploration Target is not a mineral resource and there remains uncertainty if a mineral resource would be delineated. However, this target illustrates a clear path forward for resource expansion opportunities proximal to the currently defined resource in the near term. Outside of this Exploration Target, there remains a large portion of the host quartz diorite (mineralized portion of the sill) that remains untested, and therefore a focus for continued exploration.

Follow this link to view a formatted version of this release.

Conference Call Details – Nighthawk Gold 2020 Resource Update
Management will host a conference call and webcast to discuss the updated resource estimate today, July 28, 2020 at 8:30am ET. To access the webcast and for further details, please see details listed at the end of this release or visit the Company website at nighthawkgold.com.

Callers should dial in 5-10 min prior to the scheduled start time.

NA Toll-free: 1-800-319-4610; Toronto: +1-416-915-3239; International: +1-604-638-5340

To access the Webcast please follow this link.

Dr. Michael Byron, President & CEO commented, "This latest resource estimate is the most refined, and accurate representation to-date, and for the first time includes constrained open pit and underground Indicated Resources at Colomac with an average grade of 2.01 gpt Au. Constraining of resources has resulted in a substantial upgrade to the quality and level of confidence in the 2020 Colomac MRE, resulting in greater perceived value given that 82% of the resource now falls within the Indicated category. With additional infill drilling, Indicated Resources have the possibility to be upgraded to Measured Resources or possibly Mineral Reserves if determined to be economic to extract.

"A newly defined Exploration Target for Colomac suggests that up to 1.5 Moz Au with grades between 1.8 gpt Au and 2.0 gpt Au could be added to the current resource. We believe this can be achieved with anywhere from 50,000 to 75,000 metres of additional drilling, of which we plan to complete upwards of 25,000 metres this year with drilling already well underway. Furthermore, with limited drilling information available with respect to the recently discovered widening of the mineralized portion of the Colomac Main sill and especially in light of the sill's expansion to upwards of 155 metres in true width at approximately 750 metres depth at Zone 1.5, this tremendous prospect was not captured in the current resource estimate. There remains significant upside to build additional ounces, over and above the Exploration Target within the vastly unexplored portions of the host quartz diorite. Given these strategic prospects we anticipate rapid resource growth in addition to the outlined Exploration Target areas.

"We are confident that this latest resource represents a giant step forward in terms of increasing project robustness and value and provides a solid platform from which to rapidly add ounces and to develop Colomac quickly and efficiently. We look forward to discussing these highlights in a conference call later this morning, the details of which are mentioned above"

Highlights:

The 2020 Colomac MRE Upgraded to Constrained Resources1,2 – Based on the level of exploration achieved to date and in accordance with the Canadian Institute of Mining ("CIM") best practice guidelines, open pit resources are constrained by pit shells using GEOVIA WhittleTM, and underground resources optimized (manually constrained) to demonstrate a reasonable prospect for eventual economic extraction. Deposits are constrained based on economic and technical parameters that are relevant, reliable and in accordance with industry standards. Defining constrained resources are essential to the process of advancing Colomac towards a development decision.

82% Conversion Ratio to Indicated Resources4 – The excellent conversion ratio from Inferred to Indicated Resources substantiates the geological and grade continuities of the 2020 Colomac MRE deposits. With additional infill drilling, Indicated Resources (which carry a higher level of resource confidence and value), have the possibility to be upgraded to Measured Resources and eventually Mineral Reserves if proven to be economical to extract.

Defining an Underground Resource is an Important Step Forward in the Advancement of Colomac2 – This development opens up the largest part of the mineralized sill and supports continued drilling to depth where the deposit expands significantly in true width over 3.5 kms of the deposit's total 7.0 km length strike length that has been drill tested to depth so far , thus improving the potential for future resource expansion. The Colomac Main underground Indicated Resource carries a much-improved average grade of 2.21 gpt Au and contemplates a bulk mining approach given the style of mineralization and distribution of gold within the quartz diorite.

Improved Average Resource Grade to 2.01 gpt Au for Indicated Resources and 2.03 gpt for Inferred Resources – The 2020 Colomac MRE reports an improvement in grade by up to 25% to 2.01 gpt Au for Indicated Resources and 2.03 gpt Au for Inferred Resources. This is a key improvement for a northern project and is expected to positively impact future project economics especially in-light of the vast underground potential.

Exploration Target3 Outlines Potential for Upwards of 1.5 Mozs of Additional Resources within Close Proximity to the Current Resource – With an estimated 50,000-75,000 metres of additional drilling it is reasonable to expect that between 18 Mt and 23 Mt at grades between 1.8 gpt Au and 2.0 gpt Au for a total of between 1.00 to 1.50 Mozs of gold could be added to the current resource by drilling the extensions of currently defined mineralized zones at depth and laterally, of which the Company intends to complete upwards of 25,000 metres in this year's drill program.

Strong Foundation for Growth1,2 – The high conversion ratio from Inferred to Indicated Resources combined with the updated litho-structural model and constrained resources, have greatly improved project robustness, overall estimate confidence, and elevated the potential in situ value of the 2020 Colomac MRE. There remains considerable room for resource expansion given that after the 2019 drill program, extensive areas of the host quartz diorite remain unexplored.

Initial Resource Estimate for Damoti1,2 – Damoti is a high-grade gold deposit located south of Colomac and considered a primary candidate to provide higher-grade feed (with an average grade of 4.97 gpt Au) to possible future mining and milling operations at Colomac.

This Mineral Resource Estimate has been prepared using reasonable cut-off grades for pit constrained, bulk underground and selective underground extraction mining methods.
Specific extraction methods are used only to establish reasonable cut-off grades for various portions of the deposit. No Preliminary Economic Analysis, Pre-Feasibility Study or Feasibility Study has been completed to support economic viability and technical feasibility of exploiting any portion of the mineral resource, by any specific mining method.
The reader should be cautioned that this exploration target is not a mineral resource estimate and is conceptual in nature. There has been insufficient exploration to define this as a mineral resource, and it is uncertain if further exploration will result in the exploration target being delineated as a mineral resource. As well, the estimate on metres drilled to achieve this target is based on the Company's projections derived from its experience with metres drilled and ounces added through its previous drilling campaigns and the resulting mineral resource estimates.
An Indicated Mineral Resource is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. An Indicated Mineral Resource has a lower level of confidence than that applying to a Measured Mineral Resource and may only be converted to a Probable Mineral Reserve.

FUTURE OPPORTUNITIES AND NEXT STEPS:

Realize Exploration Potential

As discussed above, the Company believes that with an additional 50,000 to 75,000 metres of drilling, up to 1.5Mozs could be added to the current mineral resource estimate.

A planned 25,000 metre drill program is underway on the Indin Lake Gold Property with approximately 70% of the drilling metres and two drills focused on further delineation of Colomac.

Test resource expansion potential at depth where Colomac Main expands significantly in true width across the 3.5 km strike length from Zone 3.5 northwards to Zone 1.5 of the deposit's total 7.0 km length that has been drill tested to depth so far.

Considering the sheer size of the host quartz diorite and surrounding deposits that have limited exploration to date, drilling beyond the Exploration Target is a key focus for the Company to continue adding ounces moving forward.

Continued Advancement of Colomac Towards a PEA Stage Project

As previously announced, the 2020 Colomac MRE will be utilized by JDS Mining and Energy to produce a preliminary internal scoping study to assess the economic viability of the project based on known information to date.

82% of the resources have been upgraded to the Indicated Resource category, providing more confidence in the future economic viability of the project. Furthermore, with additional drilling, these ounces could be upgraded to Measured Resources and possibly Mineral Reserves in the future.

The results of this study will assist with developing future exploration focus to expedite continued resource growth and advance the project towards a Preliminary Economic Assessment stage.

Regional Exploration Potential

Nighthawk continues to actively explore its many regional prospects. Two priority areas, the Leta Arm Gold Project and the Treasure Island Gold Project, are of particular interest as they lie within well mineralized and largely unexplored structural corridors that extend for several kilometres. Limited drilling since 2011 has resulted in many near-surface intercepts of strong mineralization showing good continuity laterally and to depth.

Archean greenstone belts hosting large regional deformation zones that are pregnant with gold mineralization are known to host significant deposits, thus they represent coveted targets. Nighthawk intends to continue to aggressively explore these areas and others within this fertile terrain.

Regional Prospecting

In 2020 Nighthawk will be active on a number of regional prospects and expects to maintain a similar scale of activity into the future with the goal of advancing known deposits and showings and to make new discoveries.

Heap Leach Potential and Ongoing Metallurgical Testing

Ongoing metallurgical testwork continues to deliver consistently strong results, with heap leach test results falling within an acceptable range.

Given the large amount of mineralized rock hosted by the Colomac Main and Goldcrest sills, heap leaching may augment a standard milling operation resulting in possible cost savings.

Table 1. Colomac Gold Project, 2020 Updated Mineral Resource Estimate – 2020 Colomac MRE, effective at July 28, 2020

(Broken down by deposits for combined open pit and underground bulk mining method scenarios)

Deposit

Area (mining method)

Cut-off (g/t)

Indicated resource

Inferred resource

Tonnage (T*1000)

AU (g/t)

Ounces

Tonnage (T*1000)

AU (g/t)

Ounces

Colomac

Open pit

0.6

7,996

1.73

443,800

159

1.46

7,500

UG Bulk

1.3

14,922

2.21

1,058,800

4,740

2.08

316,500

Goldcrest

Open pit

0.6

1,362

1.56

68,100

1.00

300

UG Bulk

1.3

780

2.08

52,200

217

1.79

12,500

Grizzly Bear

Open pit

0.6

628

1.62

32,800

1.52

600

UG Bulk

1.3

202

1.89

12,300

1.80

1,700

24/27

Open pit

0.6

–

375

1.89

22,800

UG Bulk

1.3

–

171

1.92

10,600

Sub-total Open pit

0.6

9,986

1.70

544,700

554

1.75

31,200

Sub-total UG Bulk

1.3

15,904

2.20

1,123,300

5,158

2.06

341,300

TOTAL

25,890

2.01

1,668,000

5,712

2.03

372,500

Table 2. Damoti Mineral Resource Estimate – Damoti MRE, effective at July 28, 2020

(for an underground selective mining method scenario)

Mining Method

Cut-off (gpt Au)

Inferred Resources

Tonnes

(000's)

Grade

(gpt Au)

Ounces

Damoti

UG selective

2.00

736

4.97

117,800

Notes to accompany the Mineral Resource Estimate:

The Independent and Qualified Persons for the Mineral Resource Estimate, as defined by NI 43-101, are Marina Lund P.Geo., and Carl Pelletier, P.Geo., both from InnovExplo Inc., and the effective date is July 28, 2020.
These mineral resources are not mineral reserves, as they do not have demonstrated economic viability.
The mineral resource estimate follows current CIM definitions and guidelines for mineral resources.
The results presented are undiluted and are considered to have reasonable prospects of economic viability.
The estimates encompass six (6) gold deposits (Colomac Main, 24, 27, Goldcrest, Grizzly Bear, and Damoti), subdivided into 52 zones (6 for Colomac Main, 1 for 24, 1 for 27, 3 for Goldcrest, and 3 for Grizzly Bear, and 38 for Damoti) each defined by individual wireframes with a minimum true thickness of 3.0 m for the Colomac Main, 24, 27, Goldcrest and Grizzly Bear deposits and a minimum true thickness of 2.0 m for the Damoti deposit, using the grade of the material when assayed or a value of zero when not assayed. One (1) low grade envelope was create using the quartz diorite geological solid for the Colomac deposit and four (4) low grade envelopes were created using the BIF geological solid for the Damoti deposit. The resource was estimated using GEOVIA GEMS 6.8.2.
High-grade capping supported by statistical analysis was done on raw assay data before compositing and established on a per-zone basis. Colomac Main deposit: all zones were capped at 50 g/t, except for the low-grade 1.0 zone and the low-grade envelop which were capped at 15.00 g/t; 24 and 27 deposits: not capped; Goldcrest and Grizzly Bear deposits: all zones were capped at 30.00 g/t; Damoti deposit: all high grade zones were capped at 100.00 g/t, except zones 2000, 2100 and 2200 capped at 45.00 g/t and zone 4300 capped at 40.00 g/t. The low-grade envelopes were capped at 20.00 g/t.
Grade interpolation was performed with the ID3 method on 1.5 m composites for the Colomac Main, Goldcrest and Grizzly Bear deposits, with the ID2 method on 1.5 m composites for the 24 and 27 deposits and by Ordinary Kriging on 1.0 m composites for the Damoti deposit. The Colomac Main, 24 and 27, Goldcrest, Grizzly Bear block models have block size of 5.0 m by 10.0 m by 10.0 m and the Damoti block model has block size of 3.0 m by 3.0 m by 3.0 m.
Bedrock was assigned a density value of 3.20 g/cm3 for the Damoti deposit and a value of 2.70 g/cm3 for the Colomac Main, 24. 27, Goldcrest and Grizzly Bear deposits corresponding to the mean of SG measurements. A fixed density value of 2.00 g/cm3 was assigned to the overburden.
The Mineral Resource Estimate is classified as Indicated and Inferred. For the Colomac Main, 24 and 27, Goldcrest and Grizzly Bear deposits, the Inferred category is defined with a minimum of two (2) drill holes within the areas where the drill spacing is less than 75 m and shows reasonable geological and grade continuity. The Indicated mineral resource category is defined with a minimum of three (3) drill holes within the areas where the drill spacing is less than 50.0 m. For the Damoti deposit, the Inferred category is defined with a minimum of two (2) drill holes within the areas where the drill spacing is less than 60.0 m and shows reasonable geological and grade continuity. Clipping boundaries were used for classification based on those criteria.
The Mineral Resource Estimate is locally pit-constrained using GEOVIA Whittle™ with a bedrock slope angle of 50° and an overburden slope angle of 30°. It is reported at a rounded cut-off grade of 0.60 gpt Au (in pit), 1.30 gpt Au (bulk underground), and 2.00 gpt Au (selective underground). The cut-off grades were calculated using the following parameters: mining cost = 4.79 to CA$ 65.00; processing cost = 22.50 to CA$ 25.00; G&A = 8.00 to CA$ 18.00; refining and selling costs = CA$ 5.00; gold price = US$ 1,425.00/oz; US$:CA$ exchange rate = 1.33; and mill recovery = 97.0%. The cut-off grades should be re-evaluated in light of future prevailing market conditions (metal prices, exchange rates, mining costs etc.).
The number of metric tonnes was rounded to the nearest thousand, following the recommendations in NI 43-101 and any discrepancies in the totals are due to rounding effects. The metal contents are presented in troy ounces (tonnes x grade / 31.10348).
InnovExplo Inc. is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, or marketing issues, or any other relevant issue not reported in the Technical Report, that could materially affect the Mineral Resource Estimate.

Table 3. Colomac Mineral Resource Estimate Cut-Off Sensitivity Table (including the Colomac Main, Goldcrest, Grizzly Bear, 24 and 27 Deposits)

All Deposits, by mining method

Cut-off (gpt Au)

Indicated Resources

Inferred Resources

Tonnes (000's)

Grade (gpt Au)

Ounces

Tonnes (000's)

Grade

(gpt Au)

Ounces

Open pit

>3.00

982

4.46

141,088

3.70

5,623

>2.00

2,573

3.20

264,927

197

2.69

17,024

>1.50

4,228

2.62

356,840

296

2.39

22,705

>1.30

5,206

2.39

400,709

334

2.27

24,445

>1.20

5,754

2.28

422,658

366

2.18

25,690

>1.00

7,112

2.06

470,517

432

2.02

28,030

>0.80

8,520

1.86

511,239

479

1.91

29,388

>0.70

9,368

1.77

531,730

528

1.80

30,562

>0.60

9,986

1.70

544,662

554

1.75

31,124

>0.50

10,650

1.62

556,348

596

1.66

31,873

<0.50

16,264

1.14

593,392

793

1.33

33,749

Underground

Bulk

>3.00

2,275

4.44

324,877

534

4.47

76,937

>2.00

6,326

3.14

637,297

1,758

2.99

169,154

>1.50

11,814

2.48

940,467

3,661

2.33

274,285

>1.30

15,904

2.20

1,123,367

5,158

2.06

341,364

>1.20

18,656

2.06

1,233,798

6,048

1.94

377,103

>1.00

25,818

1.79

1,485,717

8,215

1.72

453,410

>0.80

35,460

1.54

1,763,607

11,568

1.48

549,910

>0.70

41,076

1.44

1,898,769

13,709

1.36

601,018

>0.60

47,181

1.33

2,026,142

16,089

1.26

650,773

>0.50

53,694

1.24

2,141,106

18,664

1.16

696,225

<0.50

115,380

0.68

2,522,071

63,830

0.44

913,768

Note: The reader is cautioned that the figures in this table are not a Mineral Resource Statement. The figures are only presented to show the sensitivity of the block model estimates to the selection of cut-off grade.

Table 4. Colomac Mineral Resource Estimate Gold Price Sensitivity Table

Gold price (USD/oz)

Deposit

Area (mining method)

Cut-off (g/t)

Indicated resource

Inferred resource

Tonnage (T*1000)

AU (g/t)

Ounces

Tonnage (T*1000)

AU (g/t)

Ounces

1350

Colomac

Open pit

0.65

6,419

1.81

373,954

103

1.58

5,223

UG Bulk

1.4

13,238

2.36

1,003,142

4,015

2.21

285,620

Goldcrest

Open pit

0.65

564

1.55

28,205

0.99

UG Bulk

1.4

984

2.30

72,846

175

1.90

10,703

Grizzly Bear

Open pit

0.65

633

1.62

33,075

2.02

439

UG Bulk

1.4

166

2.02

10,772

1.88

1,548

24 and 27

Open pit

0.65

–

351

1.93

21,820

UG Bulk

1.4

–

158

1.99

10,095

Sub-total

22,004

2.15

1,521,994

4,838

2.16

335,534

Damoti

UG selective

2.1

–

710

5.09

116,016

TOTAL

22,004

2.15

1,521,994

5,548

2.53

451,550

1425

Colomac

Open pit

0.6

7,996

1.73

443,800

159

1.46

7,500

UG Bulk

1.3

14,922

2.21

1,058,800

4,740

2.08

316,500

Goldcrest

Open pit

0.6

1,362

1.56

68,100

1.00

300

UG Bulk

1.3

780

2.08

52,200

217

1.79

12,500

Grizzly Bear

Open pit

0.6

628

1.62

32,800

1.52

600

UG Bulk

1.3

202

1.89

12,300

1.80

1,700

24 and 27

Open pit

0.6

–

375

1.89

22,800

UG Bulk

1.3

–

171

1.92

10,600

Sub-total

25,890

2.01

1,668,000

5,712

2.03

372,500

Damoti

UG selective

2.0

–

736

4.97

117,800

TOTAL

25,890

2.01

1,668,000

6,448

2.37

490,300

1500

Colomac

Open pit

0.6

8,937

1.72

493,101

190

1.38

8,468

UG Bulk

1.2

17,044

2.06

1,126,776

5,546

1.96

348,858

Goldcrest

Open pit

0.6

1,492

1.52

73,004

1.00

348

UG Bulk

1.2

873

1.96

55,014

275

1.68

14,838

Grizzly Bear

Open pit

0.6

641

1.61

33,220

1.38

700

UG Bulk

1.2

235

1.80

13,600

1.67

2,100

24 and 27

Open pit

0.6

–

397

1.85

23,584

UG Bulk

1.2

–

175

1.88

10,613

Sub-total

29,222

1.91

1,794,714

6,650

1.92

409,508

Damoti

UG selective

1.9

–

763

4.87

119,500

TOTAL

29,222

1.91

1,794,714

7,413

2.22

529,008

Table 5. Damoti Mineral Resource Estimate Cut-Off Sensitivity Table

Mining Method

Cut-off (g/t)

Inferred Resources

Tonnes (000's)

Grade (gpt Au)

Ounces

Underground Selective

>7.00

108

12.57

43,560

>5.00

216

9.20

63,988

>4.00

321

7.65

79,039

>3.00

498

6.17

98,771

>2.00

736

4.97

117,781

>1.00

1,097

3.82

134,581

>0.50

1,507

2.97

143,962

<0.50

8,838

0.59

166,889

2020 Mineral Resource Estimate
The 2020 MRE was prepared by InnovExplo, Val-d'Or, Québec, in accordance with CIM definitions and guidelines for mineral resources (November 2019) and NI 43-101 Standards of Disclosure for Mineral Projects and has been reviewed internally by the Company's Qualified Person. The full technical report will be available on SEDAR within 45 days of the date of this release. Mined volumes of the Colomac deposit have been removed from the current resource model. Mineral Resources were classified as Indicated and Inferred Mineral Resources based on data density, search ellipse criteria, drill hole spacing and interpolation parameters.

The 2020 MRE was generated using reasonable cut-off grades for pit constrained and potential bulk underground extraction mining methods. Specific extraction methods are used only to establish reasonable cut-off grades for various portions of the deposits. No Preliminary Economic Analysis, Pre-Feasibility Study or Feasibility Study has been completed to support economic viability and technical feasibility of exploiting any portion of the mineral resources, by any specified mining method.

The Indin Lake Gold Property is located 200 kilometres northwest of Yellowknife, Northwest Territories. Access is by winter road from Yellowknife or year-round by chartered aircraft to a 5,000-foot airstrip at the former Colomac Mine site. An all-season road build is underway and will extend the current all-season road from Yellowknife to within 100 kms southwest of the property. Nighthawk has secured a contiguous land position fully surrounding Colomac by consolidating more than 95% of the Indin Lake Greenstone Belt including the related Indin Lake Gold Camp. Colomac lies within the central portion of Nighthawk's Indin Lake Gold Property and includes at least five separate gold deposits open in all dimensions (Colomac Main, Goldcrest, Grizzly Bear and the 24 and 27 deposits), only one of which, the Colomac Deposit, was historically mined. Intermittent mining from 1990 to 1997 was limited to three shallow open pits developed on a steeply dipping differentiated mafic intrusion (Colomac Main Sill). Historical production is reported to be 527,908 ounces gold with an average head grade of 1.66 gpt gold. Mining activities impacted only a small portion of the sill's 7-kilometre mineralized strike length. All mining and processing equipment and infrastructure have been removed from the Colomac Property.

Colomac
The 2020 Colomac MRE is based on 924 drill holes totaling 177,598 metres (608 historical drill holes totaling 72,521 metres, and 316 drill holes totaling 105,076 metres completed by Nighthawk between 2012 and 2019. Mineral resources for the Colomac Main and Goldcrest deposits (differentiated mafic sills), as well as the Grizzly Bear and the 24 and 27 deposits (contact related) (Figure 1), were compiled using a minimum cut-off grade for two combined extraction method scenarios: 0.60 gpt Au for open pit and 1.30 gpt Au for underground bulk (Table 1). A cut-off sensitivity Table (Table 3) and a gold price sensitivity table (Table 4) are provided for Colomac which includes the Colomac Main, Goldcrest, Grizzly Bear and the 24 and 27 deposits (Table 3).

The current disclosure incorporates an updated geological model upgraded with additional structural data from oriented core, drone LiDAR survey of the open pits and detailed surface structural mapping collected since 2016. Measurements indicate that Colomac mineralized vein sets consist of a simple to complex conjugate network of gold-bearing, extensional veins and hydrothermal breccias with local laminated quartz-carbonate fault-fill veins in moderately to steeply dipping, compressional brittle-ductile shear zones and faults. The complex stockwork of flat lying to steeply dipping gold-bearing structures appear to be hosted and controlled by the quartz diorite upper portion of the subvertical sill. Structural modeling suggests that steeply dipping ore shoots within the quartz diorite are related to complex stacking of gold-bearing veins. Increased drilling, field data acquisition and the introduction of oriented core measurements have greatly advanced the understanding of Colomac mineralization, resulting in a more evolved litho-structural model, which in turn has improved the level of certainty in the geological and grade continuities of the mineralized zones.

The "reasonable prospects for eventual economic extraction" were satisfied with a constrained pit shell (open pit) and manual selection of blocks (underground) according to the economical parameters selected (cut-off grade, mining method, etc.) and the geological continuity of the mineralization.

Exploration Target1
InnovExplo has stated that the potential tonnage and grade of additional mineralization that may be added to a mineral resource by drilling the extensions of currently defined mineralized zones at depth and laterally could be 18.00 to 23.00 Mt, grading between 1.80 gpt Au and 2.00 gpt Au for approximately 1.0 to 1.5 Moz of gold. Highlighted in Figure 2 are some of those areas as well as deeper unexplored regions of Colomac Main that have yet to be drilled but are expected to provide additional resources beyond those noted in the Exploration Target (Figure 2).

The potential quantity and grade are conceptual in nature as there has been insufficient exploration to define a Mineral Resource, and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.

Additions to the 2020 Colomac MRE Relative to the 2018 Mineral Resource Estimate ("MRE")

The 2020 Colomac MRE is vastly improved over the 2018 MRE, which only reported inferred resources, did not include an underground resource, nor were rigid underground and open pit resource constraints employed. Conversely, the 2020 Colomac MRE incorporates significantly more refined geological and structural models and mineralized domains, presents a tightly constrained open pit and underground resource, and the majority of Inferred Resources have been converted to Indicated Resources, yielding the most comprehensive and representative estimate to-date (Figure 2). Defining a large underground resource at Colomac allows exploration to benefit from the substantial true width expansion of the mineralized quartz diorite portion of the sill to depth. Drilling the sill to depth will expedite resource growth beyond what would have been possible if Colomac had remained primarily perceived as an open pit project.

Colomac Main accounts for 84.6% of the current MRE and represents the largest area for future resource expansion opportunities. Since 2018, 126 holes totaling 45,476 meters were drilled on Colomac Main to test the extension of the mineralization to the north and at depth and to infill near surface gaps in drill coverage. While drilling has increased the size of the block model, extensive infill drilling has also allowed the conversion of most of the Inferred Resources to Indicated Resources, which could potentially be converted to Measured Resources with additional infill drilling, and ultimately Mineral Reserves if they can be deemed economically, and technically feasible to extract.

In 2019 a newly defined panel of mineralization exhibiting strong continuity was described being formed by the merger of high-grade Zone 1.5 and the northern portion of Zone 2.0. It was traced for 500 metres along strike with a true width of up to 50 metres at shallow depths that progressively expands to upwards of 155 metres in true width at 800 metres vertical depth where it remains open. The discovery that the best mineralized portion of the Colomac sill widens upwards of three-fold to depth is one of the key advances made to-date and highlights this area for its promise to host significant higher-grade mineralization over expansive true widths.

Recent drilling at Zones 2.0, 2.5, 3.0, and 3.5 has established continuity of mineralization within near-surface gaps in drill coverage, extended zones to depth below the previous resource, and identified new areas of higher-grade mineralization that may indicate the presence of new higher-grade gold shoots. 2019 drilling also confirmed that the mineralized portion of Colomac Main widens considerably to depth throughout the 3.5 kilometres that separates Zone 3.5 northwards to Zone 1.5 (Figures 1 and 2). The progressive widening to depth reflects the sill's true geometry and is believed representative of its entire 7-kilometre strike length, thus providing an opportunity for significant resource expansion at depths that remains untested

In 2019, 1,914 metres were drilled at Goldcrest, extending the maximum depth of the resource model from 300 metres to 425 metres below surface, where it remains open. This drilling also confirmed zone continuity by infilling gaps in drill coverage which has helped with the re-classification of most of the Inferred resources to Indicated resources totalling 2.14 Mt at an average grade of 1.74 gpt Au, for 0.12 Mozs.

Ten holes totaling 2,157 metres were drilled at Grizzly Bear in the 2018. Results support continuity of the mineralized zones and have extended the deposit to a depth of 200 metres vertical, where it remains open. An increase in the size of the model has added 0.65 Mt at an average grade of 1.69 gpt Au resulting in an additional 20,386 ounces of gold.

The 24 and 27 deposits have never been drilled by the Company. Inferred resources for these deposits are based on historical drilling conducted prior to Nighthawk's acquisition of Colomac. In 2019 and 2020 the Company has carried out extensive outcrop stripping, mapping, and channel sampling programs on this highly prospective area to better understand the controls on mineralization in preparation for future drilling.

Damoti
Mineral resources for Damoti were compiled using a minimum cut-off grade of 2.00 gpt for an underground selective extraction method scenario (Table 2). A cut-off sensitivity Table is provided for Damoti (Table 5). The Damoti MRE is based on 266 drill holes totaling 33,433 metres (256 historical drill holes totaling 30,157 metres, and 10 drill holes totaling 3,276 metres), completed by Nighthawk between 2012 and 2019.

Damoti lies 28 kilometres south of Colomac (Figure 3). Mineralization is hosted in folded Archean iron-formation associated with fold related fracturing and hydrothermal alteration where gold is preferentially located within fold noses and parasitic structures. Areas of significant gold mineralization occur in association with sulphide minerals, predominantly pyrrhotite and to a lesser extent pyrite replacing magnetite. A small historical high-grade, near-surface gold deposit was previously defined that showed resource expansion opportunities (see press release dated, November 17, 2005, for Anaconda Gold Corp.).

In 2009, 2010, and 2018 Nighthawk drilled a total of 86 holes (18,787 metres) to expand the main deposit, to test known zones laterally, and explore for new opportunities. Drilling of the Horseshoe Zone ("Horseshoe"), the principal part of the deposit (Figures 3 and 4), successfully infilled priority areas within the historical resource and extended mineralized zones along strike and to depth. Drilling was also conducted on similar mineralized fold structures immediately west of Horseshoe with variable results. Areas of high-grade mineralization are best developed along the keel of the folds and in association with smaller parasitic folds along the limbs, and as discrete mineralized zones that crosscut the main unit. New gold zones were also discovered within the lower west limb and keel areas of the Horseshoe and Red Mountain synclines that remain open (Figure 4). Limited historical underground development via ramp was developed into the core of Horseshoe and a 4,000 tonne bulk sample grading 15.43 gpt Au was removed and stored on surface.

Drilling at Damoti since 2018 by Nighthawk has confirmed geological and grade continuity of the mineralized zones supporting the initial mineral resource estimate for the project of 0.74 Mt at an average grade of 4.97 gpt Au for 0.12 Mozs (Table 2). Nighthawk considers Damoti an important satellite deposit and intends to expand on its resource growth potential. Damoti illustrates the unique opportunity that some of the other high-priority regional assets may represent in terms of contributing possible high-grade feed for any future development opportunity at Colomac.

Figure 1. 2020 Colomac MRE Deposits Location Map

Figure 2. Colomac Main Longitudinal Section with Indicated and Inferred Mineral Resource Outline and Exploration Target

Figure 3. Damoti Lake Gold Project Location Map

Figure 4. Damoti Lake Gold Deposit Inferred Resource (oblique view looking northwest)

Qualified Person
Technical information related to the 2020 MRE contained in this news release has been reviewed and approved by Marina Iund, M.Sc., P.Geo., Project Geologist and Carl Pelletier, P.Geo., Co-President Founder of InnovExplo who are independent Qualified Persons as defined by NI 43-101, with the ability and authority to verify the authenticity and validity of this data. The technical report supporting the 2020 MRE will be filed on SEDAR within 45 days.

Dr. Michael J. Byron, Ph.D., P.Geo., President & Chief Executive Officer of Nighthawk, who is the "Qualified Person" as defined by NI 43-101 for this project, has reviewed and approved of the technical disclosure contained in this news release.

Technical Information
Nighthawk has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. Drill core samples were transported in security-sealed bags for analyses at ALS Chemex Assay Laboratory in Vancouver, BC ("ALS Chemex"). ALS Chemex is an ISO 9001:2000 certified laboratory. Pulp and metallics assaying for gold was conducted on the entire pulverized sample.

As part of its QA/QC program, Nighthawk inserts external gold standards (low to high grade) and blanks every 20 samples in addition to the standards, blanks, and pulp duplicates inserted by ALS Chemex.

About Nighthawk
Nighthawk is a Canadian-based gold exploration company with 100% ownership of a district-scale land position within the Indin Lake Greenstone Belt, located approximately 200 km north of Yellowknife, Northwest Territories, Canada. Nighthawk has advanced its flagship asset Colomac, outlining a robust project with current Indicated Resources of 25.89 Mt with an average grade of 2.01 gpt Au for 1.67 Moz of gold and Inferred Resources of 5.71 Mt with an average grade of 2.03 gpt Au for 0.37 Moz of gold, with the majority of ounces contained within an underground resource. Near-term resource expansion opportunities exist proximal to the current resources, and additional upside exists throughout the +7km strike length of the host quartz diorite with a substantial opportunity at depth where the true width is known to expand significantly across a 3.5km-long section. Within this largely underexplored Archean gold camp, the Company has identified a number of high-priority targets within large regional deformation zones that are pregnant with gold mineralization and are known to host significant deposits which warrant additional exploration and follow-up.

The Company has an experienced and dedicated team with a track record of successfully advancing projects and is well funded and supported to complete its goals and objectives.

Neither the Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.

FOR FURTHER INFORMATION PLEASE CONTACT:
NIGHTHAWK GOLD CORP.
Tel: 1-647-794-4313
Email: info@nighthawkgold.com
Website: www.nighthawkgold.com

Dr. Michael Byron
President & CEO
Tel: 1-647-794-4359

Michael Leskovec
CFO
Tel: 1-647-794-4360

Suzette N Ramcharan
VP, Corporate Development
Tel: 1-647-794-4362

Cautionary Note Regarding Estimates of Resources
Readers are cautioned that mineral resources are not economic mineral reserves and that the economic viability of mineral resources that are not mineral reserves has not been demonstrated. The estimate of mineral resources may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant issues. The 2020 MRE is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum's "2014 CIM Definition Standards on Mineral Resources and Mineral Reserves" incorporated by reference into NI 43-101. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for Preliminary Economic Assessment as defined under NI 43-101. Readers are cautioned not to assume that further work on the stated resources will lead to mineral reserves that can be mined economically.

An Inferred Mineral Resource as defined by the CIM Standing Committee is "that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration."

Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to the Company's ongoing exploration programs at Colomac including, the ability to add upwards of 1.5 Moz of additional resources grading anywhere from 1.8 to 2.0 gpt Au with an estimated 50,000 to 75,000 metres of drilling and the timing surrounding such an endeavour; any ability to convert Indicated Resources to Measured Resources or into Mineral Reserves, and the timing and actual results thereof; the timing and resources required to advance the project towards the development stage; the ability to grow ounces quickly given the widening of the mineralized portion of the sill at depth, and the timing surrounding such an endeavour; continued exploration at the Company's various high-priority satellite targets and their ability to become stand alone deposits in their own right; and access to available capital to complete all work necessary to achieve the Company's stated goals and objectives. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved".

Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Nighthawk to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Nighthawk's annual information form for the year ended December 31, 2016, available on www.sedar.com. Although Nighthawk has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Nighthawk does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE: Nighthawk Gold Corp

ReleaseID: 599147

Aluminum Aerosol Cans Market Reached US$ 3.5 in 2019; Demand Moderately Impacted as Automotive Applications are Suspended During Covid-19 Pandemic – Future Market Insights

Aluminum aerosol can manufacturers display high interest in sustainability initiatives including recycling operations to increase profitability and access to additional material sourcing.

DUBAI, UAE / ACCESSWIRE / July 28, 2020 / Future Market Insights: The aluminum aerosol cans market has been estimated to have reached a US$ 3.5 Bn valuation in 2019. However, following the coronavirus pandemic, the demand for aluminum aerosol cans had witnessed a downturn as spending on personal care products, and activity in the automotive industry has gone down. In addition, restrictions on trade during the crisis period will also hurt short term market prospects.

"Higher popularity of aluminum products owing to superior barrier characteristics along with growing consumer awareness on eco-friendly packaging options will further generate lucrative opportunities in multiple industrial verticals, aiding the expansion of the aluminum aerosol cans market for the foreseeable future" states the FMI analyst.

For more insights into the Market, Request a Sample of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-2165

Aluminum Aerosol Cans Market- Critical Takeaways

Household applications of aluminum aerosol cans have gone up strongly supported by demand for furniture cleaners, and mosquito repellants and other household aerosol products.
Shaped wall aluminum aerosol cans are gaining traction, driven by increasing importance being given to product aesthetics.
North America is a leading market for aluminum aerosol cans owing to higher disposable incomes of consumers and the presence of major manufacturers.

Aluminum Aerosol Cans Market- Drivers

Strong demand for portable, lightweight packaging for personal care products contributes to market growth.
High recyclability of aluminum, has made the material a popular choice for aerosol can producers, pushing towards sustainability initiatives.

Aluminum Aerosol Cans Market- Restraints

Growing awareness about the environmental impact of aerosol products is a key factor hindering market growth.
Easy availability of alternative materials to produce aerosol cans hampers market players.

For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/askus/rep-gb-2165

Coronavirus Impact on Aluminum Aerosol Cans Market

The coronavirus outbreak has had a sharp impact on the demand for aluminum aerosol cans on a global scale, primarily owing to a significant slump in automotive, and personal care applications. Suspension of production activities and disruptions in supply chains for raw materials will remain challenges towards the end of 2020. Recovery is likely to be strong owing to wide scope of applications of aluminum aerosol cans, once lockdown restrictions are lifted.

Competitive Landscape

Aluminum aerosol can manufacturers are increasingly investing in acquisitions, collaborations, and production expansions. For instance, CCL Industries has set up a US$ 85 million production line upgrades. Unilever has entered a collaboration with Tubex for the production of recycled deodorant cans. Further, Ball Corp. has acquired Tubex Industria E Comercio de Embalagens Ltd.

Ball Corporation, Alucon, Tubex Holding GmbH, and Exal Corp. are some of the leading aluminum aerosol can manufacturers.

About the Study

The study offers readers an assessment of the aluminum aerosol cans market. Global, regional and national-level analysis of the latest trends influencing the aluminum aerosol cans market is covered in this FMI report. The study provides insights according to capacity (less than 100 ml, 100 to 250 ml, 251 to 500 ml, and more than 500 ml), product type (necked in, shaped wall, and straight wall), and end use industry (cosmetics & personal care, household, automotive, and others), in six regions (North America, Latin America, Europe, Japan, Asia Pacific excluding Japan, and MEA).

Download Regional Data@ https://www.futuremarketinsights.com/ask-regional/rep-gb-2165

Explore FMI's Coverage of the Packaging Industry

Next Generation Packaging Market– Get insights on the global next generation packaging market through FMI's report covering quantitative and qualitative analysis for projection period 2015-2025.

Confectionery Packaging Market – FMI's exhaustive study on the global confectionery packaging market covers the latest trends, innovations, key players, and popular strategies for the period 2017-2027.

Container Glass Market– Obtain detailed analysis on the container glass market through FMI's report covering competitive analysis, key regions, and segmental analysis for 2016-2026.

About Future Market Insights

Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the packaging sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Report: https://www.futuremarketinsights.com/reports/aluminum-aerosol-cans-market

Press Release Source: https://www.futuremarketinsights.com/press-release/aluminum-aerosol-cans-market

SOURCE: Future Market Insights

ReleaseID: 599192

Else Nutrition Completes Successful Toddler Nutrition U.S. Production Run and Opens Online Store for Pre-Orders

Else launches Pre-orders of Clean label Plant-Based Complete Nutrition for Toddlers on elsenutrition.com

VANCOUVER, BC / ACCESSWIRE / July 28, 2020 / Else Nutrition Holdings Inc. (TSXV:BABY)(OTCQX:BABYF)(FSE:0YL) ("Else" or the "Company"), is pleased to announce that as part of its path to commercialization in the U.S., it has recently completed its first full-scale commercial production run of its Plant-based Toddler Nutrition product. The manufacturing run was successfully completed, meeting a rigorous set of quality standards. The production run was completed at the U.S. based facilities of the Company's production partner, a leading producer of organic baby formula in the U.S.

Additionally, the Company has launched pre-orders on its e-store (www.elsenutrition.com). Customers in the U.S. and Canada can now place pre-orders, for delivery next month.

"These accomplishments further demonstrate our readiness for launch into the North American marketplace," said Ms. Hamutal Yitzhak, CEO and Co-Founder of Else. "Parents across North America have been looking for clean, plant-based, whole food nutrition options for their children – and we are set to make this a reality."

"Finding the right balance of healthy foods to promote optimal childhood growth and development can be a challenge for many parents. Else's Plant-based toddler nutritional drink is clean nutrition , minimally-processed product, providing the appropriate vitamins and minerals content, plant-based proteins, and healthy fats and carbs . With so many available foods that are low in nutritional value, this product is a welcome addition to the market," said Dr. Leah Alexander, Pediatrician, MD, FAAP.

Last month, Else began offering samples of its Plant-based Toddler Nutrition product on its site, receiving highly favorable customer reviews, "loving the clean, minimally processed ingredients" and welcoming a "healthier alternative."

Customers in the U.S. and Canada can pre-order the full-sized Else Nutrition Plant-Based Complete Nutrition for Toddlers (in single and 4-pack offerings) on the Else e-store at: www.elsenutrition.com. A single 22 oz. product is available at the introductory price of USD$36, with a 4-pack priced at USD$136. Shipping in the Continental U.S. is free during the launch.

About Else Nutrition Holdings Inc.
Else Nutrition GH Ltd. is an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy, formula is a clean-ingredient alternative to dairy-based formula. Else Nutrition (formerly INDI) won the "2017 Best Health and Diet Solutions" award at the Global Food Innovation Summit in Milan. The holding company, Else Nutrition Holdings Inc, is a publicly traded company, listed as TSX Venture Exchange under the trading symbol BABY and is quoted on the US OTC Markets QB board under the trading symbol BABYF and on the Frankfurt Exchange under the symbol 0YL. Else's Executives includes leaders hailing from leading infant nutrition companies. Many of Else advisory board members had past executive roles in companies such as Mead Johnson, Abbott Nutrition, Plum Organics and leading infant nutrition Societies, and some of them currently serve in different roles in leading medical centers and academic institutes such as Boston Children's Hospital, Pediatrics at Harvard Medical School, USA, Tel Aviv University, Schneider Children's Medical Center of Israel, Rambam Medical Center and Technion, Israel and University Hospital Brussels, Belgium

For more information, visit: elsenutrition.com or @elsenutrition on Facebook and Instagram.

For additional information, contact:
Ms. Hamutal Yitzhak, CEO, Co-Founder & Director
ELSE Nutrition Holdings Inc.
E: hamutaly@elsenutrition.com
P: +972(0)3-6445095

Mr. Sokhie Puar, Director
ELSE Nutrition Holdings Inc.
E: sokhiep@elsenutrition.com
P: 604-603-7787

TSX Venture Exchange
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.

Caution Regarding Forward-Looking Statements
This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "will" or similar expressions. Forward-looking statements in this press release include statements with respect to the anticipated dates for filing the Company's financial disclosure documents. Such forward-looking statements reflect current estimates, beliefs and assumptions, which are based on management's perception of current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. No assurance can be given that the foregoing will prove to be correct. Forward-looking statements made in this press release assume, among others Forward-looking statements made in this press release assume, among others, the timing of the Company's toddler nutrition product launch and the availability of the Company's product online. Actual results may differ from the estimates, beliefs and assumptions expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management's expectations only as of the date of this press release. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Else Nutrition Holdings

ReleaseID: 598831

EUV Lithography Market to Grow at 22% CAGR; Demand to be Moderately Impacted by Coronavirus Pandemic, as Semiconductor Production Falls – Future Market Insights

Players in the EUV lithography market are largely focused on bolstering production capacities to keep up with the massive demand for memory chips and semiconductor products post the coronavirus crisis.

DUBAI, UAE / ACCESSWIRE / July 28, 2020 / Future Market Insights: The coronavirus pandemic has a substantial impact on the global economy, and key industry verticals such as consumer electronics. Consequently, the EUV lithography market is likely to be adversely impacted in the short term. On the other hand, the EUV lithography facilities are highly sanitized, and workers are provided with substantial protections from external agents including pathogens, which will help in minimizing operational disruptions in the market.

"As semiconductor designs are constantly shrinking, the use of EUV lithography facilities have become very critical, as it allows intricate patterns on semiconductor wafers required in next-generation AI, 5G, and automotive applications, which will aid growth for the foreseeable future," says the FMI analyst.

Download Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-10814

EUV Lithography – Primary Takeaways

5 and 7 nm EUV lithography machines are highly sought after driven by leading-edge logic applications.
Semiconductor fabrication foundries are primary end users of EUV lithography technologies, aided by the increasing complexity and miniaturization of semiconductor devices.
Asia Pacific is the leading region for EUV lithography supported by expansion plans of the Taiwan Semiconductor Manufacturing Co.

EUV Lithography – Growth Factors

Substantially lower wavelengths in comparison to other lithography techniques bolster EUV applications in advanced chipmaking applications
Sustained development of power-efficient electronic chips in multiple industrial verticals contributes to process development.

EUV Lithography – Major Constraints

As a nascent market, the risk of undiscovered technical flaws in EUV lithography hinders market growth.
High competition from projection lithography in the semiconductor industry is a key challenge to market growth.

Ask the Analyst@ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-10814

The Projected Impact of Coronavirus

The coronavirus pandemic has had an adverse impact on the semiconductor industry, and consequently the EUV lithography market. The slump in electronic product manufacturing activities will continue through 2020, with lockdown restrictions in place. However, the extremely high sanitation standards in EUV lithography facilities, reduces risk of the contagion for workers in the industry, which will help to sustain operations throughout the crisis period.

Competition Landscape

The EUV lithography market comprises players including but not limited to ASML, TSMC, Nikon, Samsung Electronics, Intel Corp., and NTT Advanced Technology. ASML is the leading player of EUV lithographic equipment manufacturing, which even provides supplies to other players in the market. Market players are investing in research initiatives to aid EUV applications in the chipmaking process.

For instance, TOK Advanced Materials has invested in the photoresist development for EUV lithography in Korea. IBM has set up a research initiative involving EUV lithography and its role in chip dimension reduction. Imec has collaborated with ASML to research in printing narrow pitch lines with single exposure EUV lithography.

Download Competitive Matrix@ https://www.futuremarketinsights.com/customization-available/rep-gb-10814

More About the Study

The FMI study provides detailed insights on EUV lithography. The market is broken down in terms of end use (integrated device manufacturers, foundries, and memory, fabless, and others) across three key regions (Americas, EMEA, and Asia Pacific).

Explore FMI's Coverage of the Industrial Automation & Equipment Industry

Lead Acid Battery Market: Find insights on the lead acid battery market with segment analysis, statistics, influencing factors, players and strategies adopted by market players for a 10-year forecast period.

US Plastic-to-Fuel Market: FMI's report on the US plastic-to-fuel market offers details on the market between 2014 -2020. The study covers influencers, revenue sources, market leaders, and strategies.

Heat Recovery Steam Generator Market: Get an in-depth analysis on the heat recovery steam generator market with insights on growth levers, opportunities, policies, restraints, regional markets and market leaders.

About Future Market Insights

Expert analysis, actionable insights, and strategic recommendations of the experienced research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of more than thousand reports and 1 million+ data points, the team has studied the industry automation and equipment sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Report: https://www.futuremarketinsights.com/reports/euv-lithography-market

Press Release Source: https://www.futuremarketinsights.com/press-release/euv-lithography-market

SOURCE: Future Market Insights

ReleaseID: 599191

Apogenix to Start European Clinical Phase II Trial with Asunercept in COVID-19 Patients

HEIDELBERG, GERMANY / ACCESSWIRE / July 28, 2020 / Apogenix, a biopharmaceutical company developing next generation immunotherapeutics, announced today that it has received regulatory approval to start a clinical phase II trial with asunercept in COVID-19 patients in Russia. The ASUNCTIS trial will be a multi-center, randomized, controlled, open-label trial to assess the efficacy and safety of asunercept in patients with severe COVID-19 disease. The plan is to include additional study centers in other European countries, in particular Spain. Published data indicate that the CD95 ligand (CD95L) – the target of asunercept – plays a role in the induction of life-threatening lymphopenia, lung epithelial damage, and inflammatory cell death in COVID-19 patients. By blocking CD95L, asunercept could reduce these complications reported in COVID-19 patients.

The ASUNCTIS trial will have four treatment arms to evaluate three different doses of asunercept plus standard of care versus standard of care alone. A total of 400 patients will be recruited, with an equal distribution across all four treatment arms. The primary endpoint is the time to sustained clinical improvement by at least one category on two consecutive days compared to the status at randomization, measured on the clinical performance scale proposed by the World Health Organization. Secondary endpoints include efficacy according to the National Early Warning Score (NEWS), oxygenation requirement, mechanical ventilation requirement, duration of hospitalization including length of stay in the ICU and percentage of patients admitted to the ICU, and mortality on days 15 and 29.

"We are very pleased to have received approval by the regulatory authorities in Russia to initiate our first clinical trial with our lead immunotherapy candidate asunercept in patients with severe COVID-19 disease and hope to expand the trial to other countries, such as Spain, soon," said Thomas Hoeger, Ph.D., Chief Executive Officer of Apogenix. "The excellent safety and tolerability of asunercept have already been demonstrated in clinical trials in recurrent glioblastoma and myelodysplastic syndromes. We look forward to exploring the potential of asunercept in the treatment of COVID-19 patients."

About Apogenix
Apogenix is a private company developing innovative immunotherapeutics for the treatment of cancer and viral infections, such as COVID-19. The company's pipeline of immunotherapy drug candidates targets different tumor necrosis factor (TNF) superfamily-dependent signaling pathways, thereby restoring the anti-tumor immune response in cancer patients and reducing lymphopenia and inflammatory cell death in patients with viral infections. Checkpoint inhibitor asunercept, the company's lead immunotherapy candidate, is in late-stage clinical development with PRIME (PRIority MEdicines) designation by the European

Medicines Agency for the treatment of glioblastoma. Based on its proprietary technology platform for the construction of novel TNF superfamily receptor agonists (HERA-ligands), Apogenix develops CD40, CD27, GITR, HVEM, and 4-1BB receptor agonists for cancer immunotherapy. The TRAIL receptor agonist program was outlicensed to AbbVie. AbbVie is conducting a phase I trial with TRAIL receptor agonist ABBV-621 in patients suffering from solid tumors, non-Hodgkins's lymphoma, or acute myeloid leukemia.

About Asunercept
Apogenix' lead immunotherapy candidate asunercept is a fully human fusion protein that consists of the extracellular domain of the CD95 receptor and the Fc domain of an IgG1 antibody. It is being developed for the treatment of solid tumors, hematological malignancies, and viral infections, such as COVID-19. Asunercept was granted orphan drug designation for the treatment of glioblastoma and myelodysplastic syndromes (MDS) in both the EU and the US and PRIME (PRIority MEdicines) designation by the European Medicines Agency for the treatment of glioblastoma. Asunercept is exclusively licensed to CANbridge Life Sciences under a development and commercialization license covering China, Macao, Hong Kong, and Taiwan.

Contacts
Peter Willinger, CFO
Jennifer Mogk, PR Manager
Apogenix AG
Phone: +49 6221 58608-0
E-Mail: contact@apogenix.com
Web: www.apogenix.com

Media Contacts
Katja Arnold
Andreas Jungfer
MC Services AG
Phone: +49 89 210228-0
E-Mail: apogenix@mc-services.eu

SOURCE: Apogenix via EQS Newswire

ReleaseID: 599183

American IRA Releases List of IRA Investment Options

ASHEVILLE, NC / ACCESSWIRE / July 28, 2020 / What are the IRA investment options for an investor that turns to a Self-Directed IRA? With self-direction, an investor can use retirement funds to invest in a wide variety of assets, including real estate, tax liens, precious metals, private notes, and more. But that "and more" can sometimes throw investors off. That is why a recent post at American IRA, a Self-Directed IRA administration firm, recently tackled the various types of asset classes available to investors who use a Self-Directed IRA.

The post outlines the different asset classes, and even explores some beyond the typical "real estate and precious metals" often thrown out by Self-Directed IRA administration firms as reasons to use a Self-Directed IRA. For instance, an investor can also use a Single Member LLC within a Self-Directed IRA to utilize a process known as a Checkbook IRA to make fast investments with retirement funds.

Since the IRS does restrict what types of assets are allowable within a retirement account, but allows a broad range of available asset classes, investors who choose a Self-Directed IRA have a lot of freedom of choice. As the post notes, that includes investing in Single Member LLCs, precious metals, private companies, private lending, joint ventures and partnerships, real estate, and even brokerage accounts. For an investor who simply wants more control over their own private investment decisions, a Self-Directed IRA with a brokerage account allows for "mainstream" style investments, too. They are not all "alternative" asset classes, as the post notes.

"Investors have a lot of options with their IRAs," said Jim Hitt of American IRA. "This kind of post is there to remind people that they have all sorts of choices when they determine their own retirement investment strategy. And many of those asset classes can provide significant hedges and diversification for someone who already has a lot of money in traditional investing arrangements."

For more information, visit the post at www.AmericanIRA.com or call 866-7500-IRA.

About: American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.

The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 million in assets under administration by educating the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.

As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term "they" refers to American IRA, located in Asheville and Charlotte, NC and Atlanta, GA."

SOURCE: American IRA, LLC

ReleaseID: 595967

Marching Towards Intelligence: Micro-Drive System for EV Charging Stations Addresses Public Concerns

SHENZHEN, CHINA / ACCESSWIRE / July 27, 2020 / Electric Vehicles (EVs) are a promising technology for reducing the GHG (greenhouse gas) emissions and other environmental impacts of road transport. Then, a number of businesses have developed to support the expanding use of EVs and to deliver them with the power they need to operate. Business models range from those which strictly manufacture charging stations to businesses that manufacture as well as operate the charging stations. Embracing the trend, ZHAOWEI gives an impetus to the market by introducing a micro-drive system for EV charging stations .

Public EV chargers can be found at service stations, car parks, supermarkets, cinemas, even just at the side of the road. Electric Vehicle Charging Stations Market- Global Forecast to 2027 indicates that the electric vehicle charging stations market is expected to grow at a CAGR of 39.8% from 2020 to reach $29.7 billion by 2027. In terms of volume, this market is expected to grow at a CAGR of 31.8% from 2020 to reach 15,025.5 thousand units by 2027. A significant growth witnesses a great market opportunity so that the players should keep pace with the development by upgrading the EV charging stations. Hence, by rolling out a micro drive system consisting of the powerful motor and high-precision planetary gearheads, ZHAOWEI marches towards intelligence together with related partners.

At present, public concerns raise as problems such as "difficult charging process", "time-consuming maintenance" and "nonstandard billing" occur to the electric vehicles charging stations. ZHAOWEI has been changing the landscape to make charging stations easy-to-use, reliable and durable. Micro-transmission technology is adopted to optimize the gearbox structure of the locking device in charging stations.

" ZHAOWEI m icro -d rive s ystem s implifies the EV charging process. "

When the charging pile is moving forward, the micro gearbox with the lead screw will keep the charging plug stable in the socket or the fastener of the fixed base. The locking performance is achieved. Once the charging process is finished (when moving backward), the plug will be separated from the socket or the fastener of the fixed base. The unlocking function is enabled. Moreover, this solution has passed the test of insertion and pull-out force of the plug-socket connector and presents to be suitable for the locking device between the plug and socket of the new-energy charging vehicles. All these simplify the charging process and greatly improve safety.

" ZHAOWEI m icro -d rive s ystem take s the hassle out of billing. "

Equipped with the intelligent locking device, the fee will be recorded once the electric lock locks. No longer need to worry about the situation that the charging connection fails, but the fee continues to be recorded. After locking, it is unnecessary to manually support the charging pile and the electric lock can be regarded as the "contact point" to record the fee. Once the electric lock is unlocked, the billing will stop and the power will be disconnected. Also, the disconnection of the electronic lock with precise induction for vehicle systems means the completion of charging, thus avoiding an electric shock. It contributes to the automatic charging operation after swiping the card while professional personnel is not required. Therefore, this micro-drive system for EV charging stations takes the hassle out of billing.

"Maintenance is less frequent and less expensive."

Usability is an important aspect of any motion control solution in any device. Beyond specifying the correct motors and drives, users want a solution that will be easy to implement, run reliably for long periods and require minimal maintenance. Based on professional analysis and design of the micro drive system, ZHAOWEI adjusts the gear modulus and torque of gearbox locking mechanism to improve the overall motion accuracy, reliability and environmental adaptability of the charging station, so as to prolong its service life. Besides, its design for smooth meshing without interfering helps to limit the increased noise emission due to wear.

To make the most of its service life, the gear motor selected should also match the application for suitable operation. In order to be compatible with various charging stations and new energy technology, ZHAOWEI produces different specifications of micro gear motors as well as proudly renders customization services for charging station manufacturers.

The network of public EV chargers will definitely continue to grow at an incredible rate. Countries realize the need for cleaner, stronger and more resilient economies. Many are waking up to electric vehicle charging stations as a tool in furthering all of those goals. People are diving into this new future and conspicuously, intelligence is penetrating into different sectors in series. For the players in this line, there are huge opportunities to change the landscape.

"It is an exciting innovation and a new milestone for ZHAOWEI. We are always sensitive to the market and give the response to our customers," said the Product Manager of ZHAOWEI. "Our team is always on hand to work together with you to ensure that your electric vehicle charging experience runs smoothly from start to finish. The upgrades in our micro-drive system effectively address public concerns related to charging stations and facilitate an intelligent life."

Media Contact

Company: Shenzhen Zhaowei Machinery & Electronics Co. Ltd.
Contact Person: Zhaowei
Tel: +86-755-27322645
Email: sales@zwgearbox.com
City: Shenzhen
Country: China
Website: https://www.zwgearbox.com/markets/electricvehiclecharging.html

SOURCE: Shenzhen Zhaowei Machinery & Electronics Co. Ltd.

ReleaseID: 599162

Leading Estate Planning Attorney Kelly Shovelin Reveals How To Protect Disabled Children Using A Special Needs Trust – Wilmington, NC

Top estate planning attorney Kelly Shovelin, founder of Four Pillars Law Firm, PLLC in Wilmington, NC details how a special needs trust can protect your disabled child. For more information please visit https://www.fourpillarslawfirm.com

Wilmington, NC, United States – July 28, 2020 /MM-REB/ —

In a recent interview, leading estate planning attorney Kelly Shovelin, founder of Four Pillars Law Firm, PLLC in Wilmington, NC details how a special needs trust can protect your disabled child.

For more information please visit https://www.fourpillarslawfirm.com

Then asked to comment Shovelin said “There are several options in passing down your estate to a child, such as leaving an inheritance or placing an estate with close family members, however, the best way to ensure long-term protection for your disabled child is by setting up a special needs trust.”

The main reason is that special needs trusts prevent a disabled child from losing government benefits such as supplemental security income or Medicaid.

When asked to elaborate, Shovelin commented, “Contrary to what many think, leaving an inheritance to someone who is reliant on government assistance can do more harm than good. An inheritance negatively impacts a child’s ability to qualify for certain programs.”

Included in these programs are services that your disabled child might need throughout their lifetime such as assisted or group housing, employment support, personal care aides, assistance in transportation and specialized medical services.

If government support is restricted or limited in some way, Shovelin says, a special needs trust can provide financial security.

“If for any reason your child is no longer able to fully benefit from public assistance, the money held in this type of trust will act as a source of backup funds that can be made available to your child.”

Setting up a special needs trust can also ensure the trust assets are well managed and work to the benefit of your disabled child for the long term.

“One of the main features about a special needs trust is that the assets held in the trust are not directly available to the child, but must first be released by a trustee. In addition to dispensing the money, a trustee also acts as a child’s money manager to ensure the funds are spent as intended,” she said.

Shovelin added that properly setting up a well drafted special needs trust to carry out your wishes can be tricky, so consulting a professional estate planning attorney is essential. “It’s not enough to simply write down what you want done with your estate. The best thing to do is to contact a lawyer who works exclusively in this area so that he or she can assist you in mapping out a legal plan that’s best for you and your disabled child,” she said.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Kelly Shovelin
Email: Send Email
Organization: Four Pillars Law Firm
Address: 2202 Wrightsville Avenue, Suite 213 Wilmington, NC 28403
Phone: (910) 762-1577
Website: https://www.fourpillarslawfirm.com

Source: MM-REB

Release ID: 88970233

Vibrating exercise roller balls increasingly popular for at-home exercise

Vibrating exercise roller balls increasingly popular for at-home exercise. They are ideal for back soreness, muscle soreness, and after-workout treatment.

Provo, United States – July 28, 2020 /PressCable/ —

SUVIUS has launched an expanded range of vibrating exercise rollers for customers looking to get the best deep tissue recovery products. It is ideal for training, massage, and therapeutic back treatments, and is known for being superior to many of the other products on the market.

Their Amazon listing explains that one of the key features of the exercise roller from SUVIUS is that the vibration and the texture provide a difference that can be felt.

By contrast, other rollers don’t provide the same impact and are often more expensive. Most fitness equipment comes with a high markup in cost, but this isn’t the case with SUVIUS products.

In addition to this, the product expansion comes with an even lower price point. This means that customers can get great deals on some of the highest quality exercise products on the market.

With the SUVIUS vibrating foam roller, customers can choose from three levels of customizable vibration or a wave pattern. This distinguishes it from other products on the market, which are often more limiting.

It also helps to make it the ideal roller for muscle tension and workout soreness. The precision design makes it easy to apply, and ensures it becomes a powerful tool in the massage therapy toolkit.

A number of features make foam rollers a great solution to tense muscles, including the textured design. The roller’s distinctive design gives users’ muscles more than a flat surface to work with.

The Amazon page listing states: “This roller has a built-in electric massage motor and battery. No fiddling. Just plug it in with the included cable to charge. This mobility and convenience will make it your go to roller for the gym, track, court, or living room.”

A recent happy customer said: “My husband has a bad back so I bought this for him and he really likes it. It helps with his back pain and is easy to use.”

Contact Info:
Name: Skyler Osborn
Email: Send Email
Organization: SUVIUS
Address: 4290 Vintage Circle, Provo, UT 84604, United States
Website: https://suvius.com

Source: PressCable

Release ID: 88970324