Thursday, September 21, 2017

Canadian Gold Explorer Expected to Garner Interest as 'M&A Target'

Source: Streetwise Reports   09/21/2017

With a 100%-owned project spitting our results like a winning slot machine, several industry analysts took notice.

Victoria Gold Corp. (VIT:TSX.V) announced multiple results from its 100%-owned Dublin Gulch gold property in the Yukon with back to back news releases on Sept. 18 and Sept. 19.

In the Sept. 19 press release, Victoria Gold announced the first assays received from the "2017 Bluto target surface trench exploration program. TR17-16 was the first major trench constructed at the Bluto target this season and was concentrated on a trail built with heavy equipment to access a water source that would be utilized in the planned 2017 Bluto diamond drilling exploration program."

"The fact that a high-grade gold vein was discovered early in this campaign demonstrates that our Potato Hills Trend mineralization model is working and we look forward to the first ever drill results from this highly prospective area," noted John McConnell, president and CEO of Victoria Gold.

Following the press release, Chris Thompson, an analyst with Raymond James, reported on Sept. 19 that "VIT's continued exploration success demonstrates potential upside for Eagle, providing possible satellite deposits which could extend the planned mine life beyond the current 10 years." He pointed out that "recent drilling and trenching along the Potato Hills trend have identified several new targets including Spinach (~500 m north of Olive-Shamrock), Popeye (~1 km west of Olive-Shamrock), and Bluto (6 km east of Eagle)."

He explained that he is maintaining a Buy rating and that the $1.00 target price "is derived by applying a 1.0x multiple to our fully funded NAV. We feel our target is justified given Eagle's safe jurisdiction and fully permitted status."

Raymond James has an Outperform rating on Victoria Gold and a target price of $1.00 per share. The company's shares are currently trading at $0.48.

Echelon Wealth Partners analyst Ryan Walker stated in a Sept. 19 report that "Victoria Gold reported a trench assay from the new Bluto Target, along the Potato Hills Trend model that the Company is using successfully to guide exploration at its 100% owned Dublin Gulch project in the Yukon." He pointed out that Victoria Gold is currently testing another 22 trenches with assay results pending on 10 of the holes.

Walker highlighted that "results nearer to Eagle in the Olive-Shamrock area are demonstrating the potential for relatively quick mine-life additions, while strong results from Spinach and Bluto confirm the substantial exploration potential remaining along the 18km-long Potato Hills Trend at Dublin Gulch, something we highlighted in our original investment thesis."

"Our positive bias towards VIT shares reflects the project's strategically large resource, fully permitted and shovel ready status, district-scale land package with substantial exploration potential near excellent infrastructure, and situation in Canada," Walker concluded.

Echelon maintains a Speculative Buy rating om Victoria Gold with a target price of $0.90 per share.

Victoria Gold's Sept. 18 press release detailed the results of the "the first eleven (11) exploration drill holes at the Spinach target, a previously untested area north of the Olive-Shamrock Deposit." The announcement highlights the details of the drill results and notes that "2017 exploration at the Spinach target included soils geochemistry surveys, geologic mapping, trenches and diamond drilling focused on assessing the gold mineralization potential of the northern contact margin of the Dublin Gulch intrusive stock."

In a Sept. 18 report, Echelon Wealth Partners analyst Ryan Walker stated that "drilling at Spinach tested an area of approximately 400m by 400m. For comparison, the Eagle Gold deposit, which is now under construction, contains Proven and Probable reserves of 2.7 Moz Au grading 0.67g/t Au, part of a wider resource containing 4.0 Moz Au grading 0.65g/t Au in Measured and Indicated resources, and a further 0.5 Moz Au grading 0.61 g/t Au in Inferred resources."

Gary Sidhu, an analyst with PI Financial, stated in a Sept. 18 report that "drilling at the Spinach zone this year totaled 6,265 metres (22 holes) targeting a coincident gold/arsenic soil geochemical anomaly." He highlighted that "mineralization intersected here is distinct from both the Olive-Shamrock deposit and Eagle deposit however, [and] continues along the same Potato Hills Mineralization trend."

Sidhu noted that the distinct mineralization discovered is a good sign for future exploration and "results indicate exploration methods (mapping, soil geochemistry, and trenching) have been successful in identifying mineralized zones."

"Victoria controls what we consider to be a strategic asset: a sizeable gold development project (~200koz/y), which can be developed for a reasonable initial capital expenditure . . .we expect Victoria will garner interest from a variety of gold producers as an M&A target."

PI Financial maintains a Buy rating and a target price of $1.10 per share on Victoria Gold.

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Disclosure:
1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an employee. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Victoria Gold Corp. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

( Companies Mentioned: VIT:TSX.V, )



from Streetwise Reports - Exclusive Articles https://www.streetwisereports.com/pub/na/17717

Precious Metals Explorer 'Could Receive Interest from Senior and Mid-Tier Gold Producers'

Source: Streetwise Reports   09/21/2017

Eight Capital reports that a steady schedule will have this explorer reporting assays every month through the end of the 2017 and possibly longer.

In a Sept. 20 research report, Eight Capital analyst Craig Stanley discussed GFG Resources Inc.'s (GFG:TSX.V; GFGSF:OTCQB) initial assay results from its 100%-owned Wyoming gold project Rattlesnake Hills. "Assays from the initial eight drill holes that tested brownfield targets intersected broad zones of low-grade mineralization. The assays are geologically interesting and generally above a likely cut-off grade of a potential heap leach operation," Stanley highlighted.

Stanley listed the results reported by GFG Resources:

  • RSC-184 was drilled in the flank of Antelope Basin and hit 73.2m of 0.43g/t Au at 82.3m down-hole depth in Precambrian schist that extend nearly 200 meters east of the quartz monzodiorite dike that hosts mineralization at Antelope Basin.
  • RSC-188 was drilled on the west side of the North Stock intrusion, 70m from the nearest historic hole, and hit 114m of 0.45 g/t Au at 74.07m down-hole depth
  • RSR-001 (15.2m of 0.55 g/t Au at 196.6m down-hole depth) and RSR -003 (7.6m of 0.37 g/t Au at 117.35m down-hole depth) tested the middle ground area between Antelope Basin and North Stock.
  • RSR-006 tested the northwestern extension of the mineralization at North Stock and hit 15.2m of 0.29 g/t Au at 21.34m down-hole depth.
  • RSR-007 tested a strong IP anomaly 350 meters southwest of North Stock and hit 10.7m of 0.51 g/t Au at 128.02m down-hole depth.
  • BJR-001and BJR-005 tested the western portion of the large (400m by 750m) gold -silver soil geochemistry anomaly at Blackjack and hit 18.3m of 0.79 g/t Au + 36.86 g/t Ag at 120.4m down-hole depth.

In terms of next steps, Stanley noted that "GFG has completed 50% of its 2017 drill program with 14 holes pending assay results" and explained that GFG Resources will begin drilling the remaining 15 greenfield holes in October. He stated that "the drill program is expected to finish in early November, with assays being reported on a monthly basis for the remainder of the year and potentially into 2018."

"We believe GFG could receive interest from senior and mid-tier gold producers. We note that in 2011, Agnico-Eagle (not covered) signed a $76 million joint venture agreement to earn a 70% interest in the Rattlesnake Hills Gold Project, which is less than half GFG's current market cap," Stanly concluded.

Eight Capital has a Buy rating and target price of $1.60 per share for GFG Resources. The company is currently trading at $0.64 per share.

Want to read more Gold Report interviews like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an employee. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: GFG Resources. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

( Companies Mentioned: GFG:TSX.V; GFGSF:OTCQB, )



from Streetwise Reports - Exclusive Articles https://www.streetwisereports.com/pub/na/17718

Zinc Company 'Smoothly' Integrates Mine Acquisitions

Source: Streetwise Reports   09/21/2017

An analyst with Haywood Securities explained the potential of this base metals miner's new African assets.

"The recent acquisitions will help to position Trevali Mining Corp. (TV:TSX; TV:BVL; TREVF:OTCQX) as an intermediate producer with a strong base to build from," concluded Pierre Vaillancourt, analyst with Haywood Securities, in a Sept. 14 research report following a visit to the Rosh Pinah mine in Namibia and a meeting with management from the Perkoa mine in Burkina Faso. "Trevali, in our view, is better positioned as a smaller producer to add value to the mines."

Vaillancourt added that efforts to improve production at both mines are "in progress."

At Rosh Pinah, upgrades are being implemented, "which should be complete by year-end and are expected to increase throughput and lower costs," indicated Vaillancourt. "Most notably, changes to the flotation plant are expected to lead to recovery and concentrate grade increases."

At Perkoa, due to a change in mining contractor earlier in 2017, "the mine has improved production results," Vaillancourt noted. "It has higher stope flexibility, has successfully implemented cement rock fill and mining of secondary stopes and has higher equipment performance and capacity on site, which led to record production for August, 2017." To reduce costs, the "decision on a heavy fuel plant for Perkoa" should be made in October.

In terms of reserves at both operations long term, the "outlook is attractive," the analyst wrote, and drill programs at both properties continue. 

At Rosh Pinah, there are the life-of-mine reserve of "7.6 years based on 5 Mt at 8.8% Zn" along with Measured and Indicated resources of 6.5 Mt at 8.2% Zn and a conceptual resource of 13 Mt at 10% Zn," Vaillancourt detailed.

At Perkoa, he added, which "is wide open," the high-grade deposit is open to depth" and "45 targets along the Perkoa mine horizon" have been identified.

Haywood Securities has a Buy rating and CA$2 per share price target on Trevali, whose stock is currently trading at CA$1.42 per share.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Trevali Mining Corp. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

( Companies Mentioned: TV:TSX; TV:BVL; TREVF:OTCQX, )



from Streetwise Reports - Exclusive Articles https://www.streetwisereports.com/pub/na/17716

Site Visit Leads to Rating, Price Target Upgrades on Gold/Silver Miner

Source: Streetwise Reports   09/21/2017

A PI Financial analyst reported how a recent visit to the Nevada operations of this precious metals company changed his outlook on it.

In a Sept. 19 report, Philip Ker, an analyst with PI Financial, wrote that the visit to Klondex Mines Ltd.'s (KDX:TSX; KLDX:NYSE.MKT) Hollister and Fire Creek left a good impression and provided a "vision of [the] future" for the company in Nevada.

Regarding Hollister specifically, Ker noted that "it demonstrated considerable upside with an expected increase in head grades, declining costs as a result of successful long-hole stoping and exploration potential at Hatter Graben." He added, "Positive takeaways have led us to have a more favorable long-term view of Hollister and resulted in improved valuation metrics for the company."

As for Fire Creek and Midas, Klondex "continue[s] to expand the resource footprints at those operations," the analyst noted. Specifically at Fire Creek, "it appeared a considerable updip extension of the Karen vein was discovered ~300 feet above the existing resource," though assays remain pending. Expansion of known mineralized zones, "along with other efforts across Fire Creek and Midas continue to demonstrate further mine life extension."

As a result, PI Financial revised it model on Klondex to "incorporate upside from Hatter Graben and reducing costs at Hollister," explained Ker, noting that a key catalyst for the company will be demonstrating exploration success at Hatter Graben. ''We are increasing our rating to Buy from Neutral and our target price to $4.85 per share from $4.15 per share." This compares to CA$4.38, where Klondex's stock is currently trading.

In the near term, however, it will be "a challenge" for the miner to meet its stated consolidated 2017 guidance of 213–230 Koz of gold equivalent due to "an unplanned delay in processing Hollister ore," Ker said. "Operations elsewhere will need to pick up the slack."

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Klondex Mines Ltd. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

( Companies Mentioned: KDX:TSX; KLDX:NYSE.MKT, )



from Streetwise Reports - Exclusive Articles https://www.streetwisereports.com/pub/na/17715

Smartcool Hits Perfect Storm for Profits

Follow the Money

Source: Rudi Fronk and Jim Anthony for Streetwise Reports   09/19/2017

Rudi Fronk and Jim Anthony, founders of Seabridge Gold, discuss why the stock market's been up and why it likely won't last.

During the last week, the major market indices rallied again. There was no news to account for it. But there was a reason.

The U.S. Treasury has been up against its debt ceiling since March 15 when the ceiling was re-imposed. Since then, there has been no net new issuance from the Treasury. The Treasury has run down its cash balances and borrowed internally from its own resources, which are not subject to the ceiling. This period has been very helpful to the financial markets. With the federal government not selling any net new supply of securities—just rolling the maturing stuff over—the markets have been flush with cash that would otherwise have been absorbed by the government.

This hit of extra liquidity is about to disappear and then some. President Trump has made a three-month debt ceiling deal with the Democrats which means that the Treasury can resume borrowing without restrictions through December. This increase in the debt ceiling is needed to reliquify the federal government (which is down to $38 billion in cash) and repay the internal funds the Treasury raided since the debt ceiling was imposed back in March.

The Treasury needs to borrow a substantial amount of money. There hasn't been a material increase in the Treasury's borrowing schedule yet, but it is coming. The Treasury Borrowing Advisory Committee (TBAC), a group of senior Wall Street executives, has advised the Treasury to issue $501 billion in net new supply in the fourth quarter, virtually all in November and December, and the Treasury almost always follows the TBAC script. That's an outrageous amount of money.

The cash the Treasury needs is not sitting somewhere in primary dealer bank accounts; it's invested in the financial markets. Securities will have to be sold to accommodate this new issuance.

This is not new. A borrowing spike happens every time we have an increase in the debt ceiling as the chart below demonstrates. Note that this chart reflects an estimate of net new issuance needed to return to last year's cash on hand and was produced before TBAC had issued its recommendations. TBAC is proposing to move more slowly. Nonetheless, past funding spikes are clearly demarcated and the next one is going to be big

US Gross National Debt

While Treasury supply will increase, the trend of demand for Treasuries has been going the other way. Bid coverage at auctions has been declining in recent months and the largest banks have been reducing their inventories of Treasury securities. Falling demand in the face of increasing supply is a recipe for a bear market in bonds. Bond yields will rise and that will put pressure on stocks as well.

The Federal Reserve has given the market extraordinary support over the past eight years by financing most new Treasury supply. Even after it stopped outright Quantitative Easing in November of 2014, the Fed continued to buy $25–$45 billion per month in maturing Mortgage Backed Securities from the primary dealers. That cashed up the dealers and helped finance their purchases of new Treasuries.

But now, the Fed intends to join the Treasury as a net seller of Treasuries (and MBS) as it starts to reduce its balance sheet this fall. Once the Fed stops buying that paper, the dealers will have a lot less cash and that means a lot more selling.

Gold is traditionally a hedge against financial market risks. We may soon have the opportunity to test that hypothesis yet again. The key is to follow the money.

This article is the collaboration of Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, and reflects the thinking that has helped make them successful gold investors. Rudi is the current Chairman and CEO of Seabridge and Jim is one of its largest shareholders. The authors are not registered or accredited as investment advisors. Information contained herein has been obtained from sources believed reliable but is not necessarily complete and accuracy is not guaranteed. Any securities mentioned on this site are not to be construed as investment or trading recommendations specifically for you. You must consult your own advisor for investment or trading advice. This article is for informational purposes only.

Want to read more Gold Report articles like this? Sign up at www.streetwisereports.com/get-news for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosures:
1) Statements and opinions expressed are the opinions of Rudi Fronk and Jim Anthony and not of Streetwise Reports or its officers. The authors are wholly responsible for the validity of the statements. Streetwise Reports was not involved in any aspect of the content preparation. The authors were not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the authors to publish or syndicate this article.
2) Seabridge Gold is a billboard sponsor of Streetwise Reports. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Chart provided by the authors.



from Streetwise Reports - Exclusive Articles https://www.streetwisereports.com/pub/na/17712

Wednesday, September 20, 2017

Possible 'Best-in-Class' Alzheimer's Drug Candidate Offers 'Disruptive' Potential

Source: Streetwise Reports   09/20/2017

André Uddin, an analyst with Mackie Research, explained the rationale for adding this neurodegenerative disease biotech company to his firm's coverage universe.

Mackie Research Capital Corp. initiated coverage on ProMIS Neurosciences Inc. (PMN:TSX) on Sept. 19, with a Speculative Buy rating and a 12-month target price of $0.50 per share for a "high-risk, high-reward investment opportunity," wrote analyst André Uddin. "We value ProMIS using a two-stage, probability-adjusted discounted cash flow methodology."

ProMIS' lead drug candidate PMN310 is "a preclinical-stage, novel monoclonal antibody being developed to modify Alzheimer's disease (AD)," noted Uddin. PMN310 is based on the new theory that AD "is primarily caused by toxic amyloid beta oligomers" versus amyloid beta plaques.

"This newer theory," Uddin explained, "is strongly backed by the Phase 1b success of Biogen Inc.'s (BIIB:NASDAQ) aducanumab, which targets toxic A_ oligomers (as well as plaque) and the failures of Eli Lilly and Co.'s (LLY:NYSE) solanezumab and Merck & Co. Inc.'s (MRK:NYSE) verubecestat, which target A_ monomers and their synthesis. The Phase 1b results of aducanumab demonstrated a slowing down of cognitive decline in prodromal or mild AD patients (before major memory loss) in a roughly dose dependent fashion. We believe this newer AD theory creates a path to develop a unique disease-modifying Alzheimer's treatment, PMN310, which has best-in-class potential."

PMN310 is designed to "selectively target toxic amyloid beta oligomers without binding to amyloid beta monomers or plaques," which is expected to "result in more effective targeting of oligomers and greater efficacy" and safety, the analyst added. "Plaque binding is often associated with brain side effects," such as cerebral edema, which limit safe drug dosing.

Also targeting Alzheimer's, ProMIS is developing PMN350 and PMN330, its second and third lead candidates, respectively, which are in the preclinical stage as well, noted Uddin. "Both products are designed to target the toxic prion-like forms of amyloid beta oligomers."

In ProMIS' pipeline, too, are two drug candidates targeting amyotrophic lateral sclerosis, which are in the discovery phase.

About the company and its therapeutics, Uddin wrote, "We believe [ProMIS'] rational design and approach for targeting the central nervous system should be disruptive to the industry."

Along with the prospective potential of PMN310, other favorable attributes of ProMIS are "zero debt on its balance sheet" and management's "extensive experience in drug development, deal making and capital raising," Uddin indicated.

The leadership team includes CEO Dr. Elliot Goldstein, former executive at SmithKline Beecham and Sandoz; executive chairman Gene Williams, former executive at Genzyme; and chief financial officer Daniel Geffken, who has "raised more than $1B in equity and debt securities for life science companies," detailed Uddin. Further, management owns more than "20% of the company, which indicates its strong commitment to building shareholder value."

ProMIS' stock is currently trading at $0.26 per share.

Want to read more Life Sciences Report articles like this? Sign up at www.streetwisereports.com/get-news for our free e-newsletter, and you'll learn when new articles have been published. To see recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following company mentioned in this article is a billboard sponsor of Streetwise Reports: ProMIS Neurosciences Inc. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

( Companies Mentioned: PMN:TSE, )



from Streetwise Reports - Exclusive Articles https://www.streetwisereports.com/pub/na/17713