Datametrex Completes Over $1.0 Million In COVID-19 Test Kit Orders

Datametrex AI Limited (TSXV: DM) issued a small market update this morning, identifying that the company has completed and received two additional purchase orders for its COVID-19 test kits. The first, is a second order from a mining client located in Northern Canada, while the second is a mining client located in South America.

Datametrex AI's Logo

While the first order was the smaller of the two orders, coming in at $200,000, it was more significant in that it demonstrates there is a recurring need for COVID-19 testing. Similar in size to the first order, the client, Canadian Mining Royalties Inc, has now utilized Datametrex for a total of $400,000 worth of testing supplies.

The second order consisted of 2,000 test kits, which is being utilized by Canadian Royalties for the testing of its 1,000 employee work force at its copper and nickel mine in Nunavik, Quebec. Over 400 people are typically on site and in constant rotation of a fly-in and fly-out schedule, resulting in the need for continued testing to help reduce the spread of the virus.

The second order that was completed consists of a 30,000 unit order of 1copy test kits, for gross proceeds of $850,000. Another Canadian mining firm, this one undisclosed, has utilized the test kits for their South America based mining operation. Payment for this order has already been received in full by the company, demonstrating continued revenue growth by Datametrex.

“We are thrilled to be able to support the operations of these mining companies as they endeavour to protect their employees and minimize the dangers, risks, and impacts that COVID-19 has brought.”

Marshall Gunter, CEO

Datametrex AI last traded at $0.15 on the TSX Venture.


FULL DISCLOSURE: DataMetrex AI Limited is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover DataMetrex AI Limited on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Datametrex To Provide COVID-19 Testing For Air Canada Employees

Datametrex AI (TSXV: DM) this morning issued a brief press release, notifying the market that...

Monday, January 11, 2021, 07:21:54 AM

Datametrex Announces Launch Of Concierge COVID-19 Testing Service

Datametrex AI (TSXV: DM) this morning announced the launch of a unique new service, referred...

Wednesday, January 6, 2021, 08:15:44 AM

Datametrex AI Enters Definitive Agreement To Acquire Concierge Medical Telehealth Platform

Datametrex AI (TSXV: DM) this morning announced that it has signed a definitive agreement to...

Friday, January 22, 2021, 07:12:19 AM

Datametrex Provides Clarity Regarding Air Canada Twitter Comments

Datametrex AI (TSXV: DM) this morning looked to clear up some questions being posed by...

Friday, December 11, 2020, 08:12:28 AM

Datametrex AI Announces Proprietary Tech In Electric Vehicle Charging App

Datametrex AI Limited (TSXV: DM) announced today that it has completed the initial stages of...

Tuesday, February 8, 2022, 10:44:00 AM