A number of foreign companies are listed on the stock exchanges in the United States, and many of those companies offer intriguing options for investors. This feature is going to look into some of the foreign stocks that have come into the limelight in the United States markets in recent times.
RecycLiCo Battery Materials Inc. (AMY.V) (OTC:AMYZF) The worldwide leader in sustainable lithium-ion battery recycling technology was in focus yesterday after it provided a key update. That update was pertaining to RecycLiCo Battery Materials Inc.’s commercial joint venture with Zenith Chemical Corporation in Taiwan.
The company revealed yesterday that the two companies had signed an amended and restated joint venture agreement so as to accelerate the setting up of the joint venture. As per the amendment, two companies would make cash contributions in keeping with a revised schedule so that approval from the Taiwanese authorities is facilitated.
Nicola Mining Inc. (NIM.V) (OTC:HUSIF) On October 2, it emerged that the company would be a participant at the virtual investor conferences, which started on October 3. The event would end on October 5. Nicola Mining Inc. made its presentation at the event on October 3.
It was a significant development for the company given the fact that the event comprised one of the leading investor-focused conferences. It is known for providing a platform for publicly traded companies to address investors directly. The agenda for the event was the Metals and Mining Virtual Investor Conference.
Personas Social Incorporated (PRSN.V) (OTC:PRSNF) Yesterday, the company entered the news cycle after it announced a new update related to its marketing programs for Keek. Personas Social Incorporated revealed that the Khloe Kardashian Giveaway contest did not meet the expectations of the management, given the cost of $7000 for the sponsorship.
There was poor engagement, and the number of registrations through social media was lower than the average the company had recorded in similar giveaways in the past. The company announced that it was going to move on to the ‘Keek Endless Days of Summer’ marketing initiatives, which would target the 70000000 registered legacy Keek users.
RDARS Inc. (CSE: RDRS) (OTCQB: RDRSF): The autonomous drone technology and robotics company is involved in the development of artificial intelligence systems for the augmentation of alarm systems and surveillance.
Recent, the company announced the successful completion of its previously announced non-brokered private placement of secured convertible debentures for aggregate proceeds to the Company of $675,000.
The Financing involves the issuance of Debentures with a total principal value of $933,750, which includes an initial issuance discount and a due diligence fee. These Debentures can be converted into common shares of the Company, referred to as ‘Shares,’ at a fixed conversion price of $0.15 per Share, known as the ‘Conversion Price.’ The maturity date for these Debentures is set for September 22, 2023.