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

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

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 Launches Walk-In COVID-19 Testing Clinic In Vancouver

Datametrex AI (TSXV: DM) this morning revealed that it has opened a new COVID-19 testing...

Thursday, April 15, 2021, 08:31:14 AM

Datametrex Posts Q1 Revenue Of $19.0 Million, Net Income Of $9.6 Million

Datametrex AI (TSXV: DM) this morning reported its first quarter 2021 financial results, a quite...

Monday, May 31, 2021, 07:36:54 AM

Datametrex Enters Second Round Of Process For Potential $40 Million Contract

It appears that Datametrex AI (TSXV: DM) is well on its way to potentially being...

Wednesday, August 4, 2021, 09:01:52 AM

Datametrex Receives $1.6 Million COVID-19 Test Kit Order From Canadian Miner

The purchase orders keep rolling for Datametrex AI (TSXV: DM). The company announced its largest...

Thursday, September 3, 2020, 11:05:49 AM