Friday, November 12, 2021

Newtopia Inc. - NEWU.v

Newtopia Inc. - NEWU.v works closely with organizations and their employees to deliver highly personalized and targeted disease prevention solutions that are proven to reduce employer healthcare costs. Newtopia delivers sustainable clinical and financial outcomes.

On November 10, 2021 the company released Numbers

"Newtopia Inc. ("Newtopia" or the "Company") (TSXV: NEWU) (OTCQB: NEWUF), a tech-enabled habit change provider focused on disease prevention, today reported financial results for the third quarter 2021. All amounts are expressed in Canadian dollars, unless otherwise noted.

Newtopia logo (CNW Group/Newtopia Inc.)

Third Quarter 2021 Financial Highlights (vs. Q3 2020):

  • Revenue of $2.9 million, as compared to $2.4 million.
  • Gross profit margin1 of 50%, relatively consistent with the prior-year period.

"Newtopia experienced strong growth in the third quarter as a result of the successful rollout of a Fortune 50 health services client and the evolution towards more normalized pandemic-related operating procedures for our US clients. The return to top-line growth was anticipated following the significant enrollments during the second quarter that carried over into the third quarter. We continue to anticipate that the second-half of this year will see improvement over the first two quarters," said Jeff Ruby, Founder and CEO of Newtopia. "Gross margins also improved sequentially in the third quarter, totaling approximately 50% of revenue as recurring subscription revenue increased as a percentage of the total mix. Our successful participant rollouts over the summer brought our total third quarter engagements to a company record of 37,000."

Friday, November 5, 2021

mCloud Technologies Corp. - MCLD.v

mCloud Technologies Corp. - MCLD.v is a leading provider of asset management solutions combining IoT, cloud computing, and artificial intelligence. ("AI") mCloud's AI-powered AssetCare™ platform offers complete asset management solutions.

On October 13, 2021 the company released News 

mCloud Technologies Corp. (TSXV: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company"), a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions today announced it received approval and a license to conduct business activities from the Ministry of Investment of Saudi Arabia ("MISA"). The MISA license marks a major milestone in mCloud's activities in the Middle East and North Africa ("MENA"), enabling mCloud to provide AssetCare solutions to the Kingdom of Saudi Arabia and other countries in the MENA region.

Monday, November 1, 2021

Earth's biggest gold deposit formed by ancient microbes?

Gold was discovered in South Africa's Witwatersrand Basin in 1886, and since then, around half of all gold mined throughout the world has originated from that source. Geologists know that the gold reached the Earth's surface by coming up with lava that formed the Kaapvaal Craton mountain range. However, the Kaapvaal Craton is located in the Limpopo Province in north-east South Africa. How did the gold move several hundred kilometres from there to get to the Witwatersrand basin in Gauteng?
Three billion years ago, the atmosphere contained almost no oxygen and the air consisted primarily of gases containing sulphur. Gases like hydrogen sulphide were pumped out of volcaneos, rising to form clouds that then fell as acid rain on the mountains. In a new study published in Nature Geoscience entitled, "Witwatersrand gold deposits formed by volcanic rain, anoxic rivers and Archaean life", Christoph Heinrich, a professor of Economic Geology, argues that the gold didn't just get moved by the rivers – it was first dissolved chemically in volcanic rain. Heinrich's theory is that the gold would have formed soluble complexes with the sulphur, which were then absorbed by water, before finally being separated by primitive microbes to form the gold.
The new theory may explain why there's a string of gold beds in the Witwatersrand basin that collectively make up 40 percent of all of the gold that has ever been, or ever will be, dug out of the ground.
Gold is a rare element in the universe that forms only in the hearts of supernovae. The precious metal has been part of Earth since its birth 4.6 billion years ago, and while most of the Earth's gold is locked deep within the planet's core, the rest is largely dispersed throughout rocks at incredibly tiny concentrations of about one part gold per billion. Occasionally, a physical phenomenon causes the gold to become enriched in certain layers of rock. In the case of the Witwatersrand formation, up to 1 percent of the carbon-rich layers is made up of gold.

Tuesday, October 26, 2021

Mponeng - World's deepest Gold Mine

Mponeng is a gold mine in South Africa's North West Province, about 65 km southwest of Johannesburg, owned by AngloGold Ashanti. Mponeng means 'look at me' in the local Sotho language. Formerly the Western Deep Levels South Shaft, or Shaft No 1, Mponeng is the most recently sunk of the three former Western Deep Levels mines. The global record was broken in 2009 after digging 3,777m. With the current sink, the mine would go down to 4,100m. Plans could take the Mponeng Mine to 4,500m below the surface.
The mine was originally built by the Anglo American Corporation with its 2 km (1.2 mi) deep main shaft being sunk in 1957.
The Mponeng Mine is also one of the world's richest with grades at over 8g/t. Production is primarily sourced from the Ventersdorp Contact Reef, a seam of ore that averages only 30 inches wide. Work is progressing to extract the ore from the Carbon Leader Reef below it.
In an effect known as the geothermal gradient, the temperature of the earth increases with depth. Rock temperature reaches 140 degrees Fahrenheit and humidity 95 percent. 6,000 tons of ice a day keeps Mponeng's deepest levels at 83 degrees. Ice is made in a surface plant, then mixed with salt to create a slush that is pumped to underground reservoirs. There, giant fans pass air over the coolant and push the chilled air further down into the mining tunnels.
Every day the 4000 miners at the Mponeng Mine detonate 5,000 pounds of explosives. Every day they take away 6,400 tons of rock. The laws of compressive force dictate that the rock will try to close the spaces left by mining.
Six hundred times a month a "seismic event" will shudder through the Mponeng mine. Sometimes the quakes cause rockbursts, when rock explodes into a mining cavity and mows men down with a deadly spray of jagged rock.

Sometimes a tremor causes a "fall of ground"—the term for a collapse. Some of the rockbursts had been so powerful that other countries, detecting the seismic signature, had suspected South Africa of testing a nuclear bomb.