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New Break Acquires Gold-Mineralized Esker Claim in Kivalliq Region, Nunavut

New Break Resources Ltd. ("New Break" or the "Company") is pleased to announce that it has acquired the 1,408 hectare, gold-mineralized Esker Claim, adjacent to the Company’s Noomut claims and located on the eastern shore of South Henik Lake in Kivalliq..

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New Break Resources Ltd. ("New Break" or the "Company") is pleased to announce that it has acquired the 1,408 hectare, gold-mineralized Esker Claim, adjacent to the Company's Noomut claims and located on the eastern shore of South Henik Lake in Kivalliq Region, Nunavut, approximately 179 km northwest of Arviat (the "Esker/Noomut Gold Project"). The Esker Claim was staked on-line through the new Nunavut Map Selection System at a cost of $3,285 after it came open for staking and hosts a 1997 drill intercept of 2.35 g/t Au over 70.95 metres, drilled by Comaplex Minerals Corp. ("Comaplex").


The Esker Claim, which hosts the historical Esker Gold Occurrence, was discovered in 1997 by Comaplex and forms part of the Henik Group, Ennadai-Rankin greenstone belt. Mineralization occurs as major parallel iron-carbonate altered veins in shear stock work zones along contacts with deformed altered gabbros. Mineralized structures occur over 1 km of strike length and are up to 50 metres in width. These structures exhibit a district induced polarization chargeability response. The project is accessible by helicopter or float plane in the summer or by land in the winter using tracked or large tired vehicles.

Comaplex completed seven drill holes in 1997 on the main Esker Gold Zone, for a total of 1,319 metres. Highlights of the program are summarized in the following table (not true widths):

Table 1: Comaplex 1997 Drill Results

Table 1 Source: Comaplex Minerals Corp. news release - October 8, 1997

In March 2002, Comaplex entered into an option agreement with Placer Dome (CLA) Limited ("Placer"), whereby Placer could earn up to a 75% interest in the Noomut River Gold Project (the "Noomut Project"), which included the Esker Claim, by spending $8.0 million over a five-year period. Placer incurred $1.85 million in exploration expenditures during the 2002 and 2003 field seasons before dropping the option at the end of 2003.

Drilling was only performed on the Esker Claim during 2002 and included five holes (ES2002-26 to ES-2002-30) for 782 metres. Results included 1.77 g/t Au over 0.8 metres (Hole ES2002-26) and 3.1 g/t Au over 4.15 metres (including 10.28 g/t Au over 1.1 metres) and 1.75 g/t over 1.75 metres (Hole ES2002-27). The drilling program was executed by Comaplex under a management contract with Placer.

In August 2004, Comaplex entered into a new option agreement with Canadian Gold Hunter Corp. ("CGH"), whereby CGH could earn a 70% interest in the Noomut Project by spending $5.0 million over a five-year period, with a first-year exploration commitment of $350,000.

CGH completed a summer 2004 exploration program, which included six holes drilled on the Esker Claim for 1,119 metres. Significant results are summarized in the following table:

Table 2: Canadian Gold Hunter 2004 Drill Results

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Table 2 Source: Canadian Gold Hunter Corp. news release - October 24, 2004

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In February 2005, CGH elected to drop its option on the Noomut Project to "better concentrate efforts on its key active projects".

Figure 1: Historical Drilling on the Esker Claim
Drill Holes 13, 14, 15, 16, 17, 22 and 23 - Comaplex Minerals Corp. 1997
Drill Holes 26,27, 28, 29 and 30 - Placer Dome (CLA) Limited 2002
Drill Holes 52, 53, 54, 55, 56, 57 - Canadian Gold Hunter Corp. 2004

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Figure 1 Source: Canadian Gold Hunter Corp. news release - October 24, 2004

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In 2020, according to information publicly available on the Nunavut Impact Review Board website, a Toronto-based geological consulting company completed ground reconnaissance of the Esker Claim, including locating the drill collars for all 18 drill holes from the 1997, 2002 and 2004 drilling programs and took 18 due diligence samples from mineralized sections of drill core from seven of the drill holes. The public records indicated that the results exhibited good correlation to previous assays. In addition, the records indicated that they collected gold bearing grab samples of greater than 3.0 g/t Au along the entire length of two adjacent zones, including four individual due diligence grab samples that assayed 33.8 g/t Au and 25.6 g/t Au. Next steps include state-of-the-art airborne geophysics and geochemical prospecting.

Michael Farrant, New Break President and Chief Executive Officer commented, "During 2021, New Break has built a portfolio of mineral claims in Kivalliq Region, Nunavut having the potential to host significant gold mineralization. In addition to the acquisition of invaluable historical Nunavut exploration data compiled by Ken Reading and the recent execution of an Inuit Owned Lands Mineral Exploration Agreement with Nunavut Tunngavik Incorporated on the Sundog Project, New Break believes that the addition of the Esker Claim represents a game changer to the Company's Nunavut gold exploration efforts due to the advanced status of the property supported by impressive historical drill results."

Mr. Farrant also noted, "New Break's efforts in Nunavut are further supported by a group of advisors that includes famed Canadian prospector Ken Reading, Gordon Morrison, former President of TMAC Resources Inc. and John Todd, former senior government official in the Northwest Territories and senior advisor to Cumberland Resources Ltd. and Agnico Eagle Mines Limited, in respect of their efforts in Nunavut. Along with the Company's fully permitted Moray Gold Project located near Alamos Gold's Young-Davidson gold mine in the Cadillac-Larder Lake fault zone, south of Timmins, Ontario, New Break has all the pieces in place to seek a successful public listing combined with a concurrent financing. Investors wishing to hear more about our financing plans are encouraged to contact the Company."

About New Break Resources Ltd.

New Break is a private Canadian mineral exploration and development company with a dual vision for value creation. In northern Ontario, New Break is focused on acquiring highly prospective gold projects in well-established mining camps, within proximity to existing infrastructure, while at the same time, through our prospective land holdings in Nunavut, we provide our shareholders with significant exposure to the vast potential for exploration success in one of the most up and coming regions in Canada for gold exploration and production. These complimentary visions are supported by a highly experienced team of mining professionals committed to placing a premium on Environmental, Social and Corporate Governance, respecting the values and interests of all our stakeholders.

For further information on New Break, please visit www.newbreakresources.ca or contact:

Michael Farrant, President and Chief Executive Officer
Tel: 416-278-4149
mfarrant@newbreakresources.ca

No stock exchange, regulation securities provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to comments regarding the timing and expectations for finalizing property agreements, timing and content of upcoming work programs, geological interpretations, receipt of property titles, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains etc. Forward-looking information addresses future events and conditions and therefore involves inherent risks and uncertainties, including factors beyond the Company's control. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise any forward-looking information, except as may be required by law. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's financial statements and management's discussion and analysis (the "Filings"), such Filings available upon request.

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Spotify Drops Customer Service, Keeps Joe Rogan

Customers upset with the Rogan decision are reportedly receiving an automated message when the company used to offer live customer support.

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Customers upset with the Rogan decision are reportedly receiving an automated message when the company used to offer live customer support.

If you were thinking of contacting Spotify  (SPOT) - Get Spotify Technology SA Report to complain about their Joe Rogan decision, you may want to reconsider. Instead of responding to the complaints, the music streaming platform has reportedly replaced live people with an automated response system.

At the start of the week, well-known rock and roll musician Neil Young took Spotify to task over its $100 million contract with podcaster, comedian and former Ultimate Fighting commentator Joe Rogan — while the "Joe Rogan Experience" podcast attracts huge audiences, it has also been the forum he used to discourage young people from taking vaccines and promote the unproven ivermectin drug as a treatment for COVID-19. 

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What Happened With Young And Rogan?

Even prior to Young's request to Spotify to either drop Rogan or remove all his music from the platform, over 270 scientists and doctors signed an open letter calling for Spotify to prevent the spread of misinformation through the podcast.

"Spotify has a responsibility to mitigate the spread of misinformation on its platform, though the company presently has no misinformation policy," Young, who caught polio as a child three years before a vaccine was made available, wrote in a Jan. 25 letter to Spotify. "[...] They can have Rogan or Young. Not both."

By Wednesday, Spotify chose to remove Young's music instead of Rogan. With over 11 million listeners, the podcast is by far its most popular and the platform had previously signed a multiyear, $100 million contract with Rogan in 2020.

The situation caused outrage not just among rock-and-roll fans (songs like "Heart Of Gold" and "Like A Hurricane" have made Young a beloved figure) but also average listeners who felt that Spotify was enabling misinformation during a deadly pandemic. 

So What Is Spotify Doing About It?

Many took to both social media and customer service to complain and, as Newsweek first reported, the support chat -- which previously used live people -- started getting back to customers with an automated response.

"We're currently getting a lot of contacts so may be slow to respond," a message that some received around 2 p.m. on Thursday reportedly read. Prior to this situation, they would be able to chat with a real customer service staff member (albeit sometimes after a lengthy wait).

The uproar shows no sign of winding down and, at the moment, thousands of posts about either having quit or how to quit Spotify are circulating on Twitter  (TWTR) - Get Twitter, Inc. Report, and Facebook (FB) - Get Meta Platforms Inc. Class A Report.

"The only easy way to leave @Spotify is to remove your credit card payments in profile settings," California guitarist Brian Ray wrote on Twitter. "They are getting swarmed and they will not help you cancel."

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Apple Music, Tidal Roast Spotify After Neil Young’s Removal

The controversy highlights that podcasts are likely more important to the streaming giant than music.

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The controversy highlights that podcasts are likely more important to the streaming giant than music.

Rust never sleeps, and apparently neither does social media or controversy.

Earlier this week, rock and roll legend Neil Young called for his music to be removed from the streaming giant Spotify  (SPOT) - Get Spotify Technology SA Report, citing the misinformation about COVID-19, and its attendant vaccines, that are regularly offered by podcaster Joe Rogan. “They can have [Joe] Rogan or Young. Not both,” said Young, a survivor of childhood polio, in a statement.

Rogan’s popular podcast “The Joe Rogan Experience,” is one of the most popular in the medium. It's also a Spotify exclusive that the streaming service paid a rumored $100 million to acquire in 2020.

Spotify didn’t acquiesce to Young’s demands to get rid of Rogan, and the songwriter had his catalog removed. In wake of the controversy, #CancelSpotify began trending, Spotify’s streaming competitors are using the flare up to get some free publicity, while critics of the service are using it to make a point about the service’s priorities. 

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Joe Rogan Brings In Both Listeners And Headaches

You can love Joe Rogan or you can hate him, but there’s one thing that can’t be denied about him: the former sitcom actor turned reality show host and mixed martial arts commentator is one of the most popular podcasters in the world. In fact, he's arguably the most popular podcaster, period.

Though some observers thought that signing an exclusive deal with Spotify would limit his audience, he nonetheless had the most popular podcast on Spotify last year.

By signing an exclusive deal with Rogan, Spotify gains access to his loyal fanbase but is also quite often in the awkward position of seeming like they are condoning his controversial statements. 

Rogan has been widely accused of both transphobia and Islamophobia, and Spotify staff members have reportedly pushed Spotify CEO Daniel Elk to remove episodes they deemed transphobic, which he declined to do after an all-hands staff meeting. However, the company has been known to remove some episodes of Rogan’s podcast, including an interview with Proud Boys founder Gavin McInnes.

While Apple Podcasts’ have restriction on content “that may lead to harmful or dangerous outcomes,” Spotify “like other tech companies that distribute media, is fundamentally uncomfortable making decisions about what kind of media it does and doesn’t want to distribute,” as noted by Vox.

Rogan has a history of making statements about COVID-19 and the effectiveness of the vaccines that that have drawn criticism from the medical community, such as a statement that younger people don’t need to get vaccinated, stating “if you're like 21 years old, and you say to me, should I get vaccinated? I'll go no.” In response to the outcry from the statement, he later clarified “I'm not an anti-vax person,” Rogan said. "I believe they're safe and encourage many people to take them."

The latest flashpoint occurred in December, when Rogan interviewed Robert Malone, a scientist and mRNA vaccine skeptic who has been banned from Twitter for spreading misinformation, and stated at a recent anti-vaccine rally in Washington, D.C. that “the science is settled. They’re not working.” (Scientists have repeatedly pointed out that this is incorrect.) 

Spotify’s Competitors Jump Into The Fray

Some commentators believe this ongoing scuttlebutt paints Spotify in a bad light by making them look indifferent in the face of a public health crisis, while others have applauded the company for not capitulating to public pressure and defending Rogan’s right to free speech. 

But either way, in the long run, the dust-up between Young and Spotify isn’t likely to do much to hurt the streaming service’s bottom line, as it remains the most popular audio streaming service, with 381 million Monthly Active Users and 172 million Premium Subscribers according to its most recent earnings report. 

When you’re the number one, there’s always going to be competitors looking to take your spot, and many of the streaming giant’s competitors took to social media to take advantage of the controversy, and to point out that there’s plenty of places to stream classic young albums like "Rust Never Sleeps" and "After the Gold Rush." 

Spotify has become so synonymous with streaming music that companies like Tidal, Deezer, and SiriusXM (SIRI) - Get Sirius XM Holdings, Inc. Report no doubt welcome the opportunity to remind people that there are other options out there. 

Why Spotify Backed Joe Rogan 

One Tweet that has gained traction online was from Damon Krukowski, a musician who played in the influential indie rock band Galaxie 500 who had become a leading critic and commentator on the digital music sphere.

Depending on your point of view, this statement is either a withering diss of Spotify, or a clear-headed assessment of the company’s business model. 

It’s objectively true that Spotify’s main interest is getting people to spend as much time on its platform as possible, which is why its growth strategy has been heavily focused on podcasts for the past few years. 

Amidst competition from Amazon and Apple, the company has been looking to become less dependent on music and has been on a content buying spree lately, acquiring podcast companies such as Gimlet Media, Anchor FM Inc. (a company that helps people make their own podcasts), Parcast, and the sports/entertainment website and podcast network The Ringer. 

Spotify has struggled to make money largely because streaming music carries a low profit margin. The company noted that it has improved its margins due to its investments outside of streaming music.

"Gross margin finished at 26.7% in Q3, above the top end of our guidance range and reflecting nearly 200 bps of Y/Y expansion. The gross margin improvement reflected a favorable revenue mix shift towards podcasts, marketplace activity, improved music advertising operating leverage, and other cost of revenue efficiencies (e.g. payment fees, streaming delivery costs), which were partially offset by higher non-music and other content costs and publishing rate increases," the company wrote in its Q3 earnings report.

Spotify lost $0.41 per share in its most recent quarter and expects losses to continue into Q4. The company does have roughly $3.6 billion in cash on hand to fund continued losses and acquisitions.

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Trading Penny Stocks? Top Stock Market News for January 28th, 2022

Trading penny stocks today? Here’s what you need to know
The post Trading Penny Stocks? Top Stock Market News for January 28th, 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Buying Penny Stocks Today? Here’s What You Need to Know 

As we enter another day of trading penny stocks and blue chips, stock futures are showing mixed results on January 28th. While some are glad to see this week end, others are anxious about what the future could hold. 

But, what we do know is that there is a sizable amount of hope for penny stocks to perform well in the coming weeks. To understand how to trade penny stocks today, let’s take a look at what is going on in the stock market right now.

What to Know About Trading Penny Stocks Today 

The biggest news in the market right now is the major earnings that were reported this week. This includes Apple Inc. (NASDAQ: AAPL), which reported record quarterly sales and profits that were better than expected. 

In addition to this, news surrounding the GDP during the fourth quarter showed higher growth than investors had anticipated as well as lower jobless claims. But, as traders continue to digest the hawkish news from the Fed and Fed Chair Jerome Powell’s comments on future interest rates, markets remain in flux. 

[Read More] Why Stocks Were Down Today: What To Know Now As Markets Sell-Off

As we all know, stocks do not like uncertainty. And, they is something that we are seeing quite a bit of across the market right now. So, as the Fed continues to work on improving inflation, we are likely to see more volatility in the near future. With that in mind, let’s take a look at three penny stocks that are climbing during premarket trading right now. 

3 Penny Stocks Climbing During Premarket Right Now 

  1. NovaBay Pharmaceuticals Inc. (NYSE: NBY
  2. Imperial Petroleum Inc. (NASDAQ: IMPP
  3. Vaccinex Inc. (NASDAQ: VCNX

NovaBay Pharmaceuticals Inc. (NYSE: NBY) 

During premarket, shares of NBY stock jumped by around 8%. While many stocks can jump with no news, NovaBay made an exciting announcement during early morning. The company stated that it has appointed Audrey Kunin, M.D., and Julie Garlikov to its Board of Directors. The two represent decals of experience in the skincare and pharmaceutical industry, and for that reason, they could be major assets to the company moving forward. 

“This is an exciting, transformational time at NovaBay with the recent addition of DERMAdoctor and our planned further expansion into the large, lucrative OTC eyecare and skincare markets. We are delighted to welcome professionals to our Board who bring highly relevant experience and records of success.” 

The Chairman of the Board at NovaBay, Paul E. Freiman

With this big news in mind, will NBY be on your list of penny stocks to watch?

Imperial Petroleum Inc. (NASDAQ: IMPP) 

The largest gainer of the day during premarket trading is IMPP stock. By early morning, shares of IMPP stock had surged by a staggering 77% to over $2.05 per share. The main reason behind this gain is IMPP stock erasing some of its losses from the previous few days of trading.

[Read More] Hot Penny Stocks to Add to Your Watchlist Right Now

While this may not be enough to justify an over 70% gain, we did see exciting quarterly results from the company last month. In December, it posted revenue of $4.1 million for Q3 2021. 

“We are happy to have successfully concluded the spin-off of STEALTHGAS’s four tankers into a separate listed entity. This year has been tough for tanker owners as the market was hit by COVID-19 uncertainty resulting in reduced oil demand and reduced crude exports.” 

The CEO of Imperial Petroleum, Harry Vafias

Although it is tough to say if IMPP stock deserves a spot on your penny stocks watchlist, today’s move is an interesting one. With that considered, do you think IMPP stock is worth buying or not?

Penny_Stocks_to_Watch_Imperial

Vaccinex Inc. (NASDAQ: VCNX) 

During premarket, VCNX stock shot up by a very sizable 19%. Despite a one year loss of around 60%, we are seeing a slight bullish turnaround with Vaccinex. So, why did shares of VCNX stock move today? Well, the company announced during early morning trading that it has received two complete responses for the first three patients enrolled in its Phase 1b/2 Keynote B84 study of pepinemab in combination with Keytruda. This study is testing the combination of these compounds for those with either recurrent or metastatic head and neck cancer. 

“We believe there is a strong rationale for continued development of pepinemab in combination with KEYTRUDA in HNSCC…We look forward to sharing further results at a medical conference as the study progresses, with interim analysis around the midpoint of enrollment (2H 2022).” 

The President and CEO of Vaccinex, Maurice Zauderer, Ph.D.

In the biotech industry, announcements like these are always exciting for investors to consider. With that in mind, will VCNX be on your penny stocks watchlist?

Penny_Stocks_to_Watch_Vaccinex

Are Penny Stocks Worth Buying?

The short answer to this question is that it is up to you and your trading strategy. With so many factors impacting the stock market right now, understanding how to buy penny stocks and why, will help you to make money with small caps.

[Read More] 4 ‘Must Watch’ Penny Stocks Making Big Moves After Latest News

But, investors should also understand that penny stocks are highly speculative and can gain or lose quickly and by large amounts. So, with all of that in mind, do you think that penny stocks are worth buying or not?


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The post Trading Penny Stocks? Top Stock Market News for January 28th, 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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