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Pan African Resources CEO provides upbeat outlook amid high gold prices

Pan African Resources PLC

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) CEO Cobus Loots tells Proactive's Stephen Gunnion the company is experiencing a positive impact from the current high gold price, which recently crossed $2,400 an ounce. Loots pointed out the robust gold price has been supported by significant purchases from central banks and changes in US interest rates. Pan African Resources, a South African company, benefits further due to its costs being in Rand, enhancing profits when converted from the strong dollar-based gold prices. Loots refrained from predicting future gold prices but acknowledged the beneficial effect of the current high prices, which could attract new investors and potentially lead to a revaluation of companies in the sector. Despite the high gold prices, he noted that Pan African's projects are profitable even at lower prices. He specifically mentioned the Mentails tailings retreatment project, which is under construction with capital costs largely fixed, expected to reach completion by the end of the year. The current gold prices could allow for the project's capital to be recouped in under three years. Other projects like Barberton and Evander are also performing well due to the favourable gold price environment. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 16, 2024 07:19 AM Eastern Daylight Time

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Helix Exploration partners with Petroleum Consultants as it advances towards drilling campaign

Helix Exploration PLC

Helix Exploration PLC chairman David Minchin discusses a strategic partnership with Petroleum Consultants in an interview with Proactive's Stephen Gunnion. This collaboration is part of Helix's phase-one work programme, aimed at progressing its drilling campaign at the Ingomar Dome, slated for the third quarter of this year. Minchin highlighted the partnership's critical role in leveraging the firm's local presence in Billings, Montana, and its extensive network of contacts, which will enable rapid and cost-effective service delivery. The expertise of Petroleum Consultants, coupled with the experience of Helix CEO Bo Sears, who possesses nearly 25 years of experience in helium exploration, is expected to ensure the safe and successful delivery of the upcoming drilling campaign. Additionally, Minchin outlined the next steps in the company’s appraisal well programme, which includes signing binding contracts with service providers and initiating advanced engineering and construction with the goal of producing gas by the end of 2025. Contact Details Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

April 16, 2024 07:17 AM Eastern Daylight Time

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European Green Transition reaches new milestones at Olserum rare earths project in Sweden

European Green Transition PLC

European Green Transition PLC (AIM:EGT) CEO Aiden Lavelle takes Proactive's Stephen Gunnion through latest developments at the company's rare earths project in Sweden. Lavelle highlighted a community meeting held last week that aimed to engage local stakeholders. The meeting involved a geology review and explanations of the planned drilling operations at the Olserum site. Lavelle emphasized the project's alignment with the EU's strategy on critical raw materials and its importance in securing domestic supplies. The community responded positively to the project’s potential benefits, Lavelle said. Additionally, Lavelle mentioned the successful conclusion of consultations for drill permitting, which fits well with the company’s timeline. Drilling is scheduled to start in August, following the July summer holidays in Sweden. This timeline allows the company to proceed with exploration drilling and resource infill drilling as planned. The Swedish Geological Survey's recent involvement was also discussed. They visited the site to assess the new exploration model developed by European Green Transition. This model has been updated based on recent fieldwork, including rock sampling and magnetic surveys, revealing new mineralization areas and enhancing the geological understanding of the region. This visit aligns with their broader efforts to map the geology of Kalmar County, which is expected to continue over the next few years. Contact Details Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

April 16, 2024 07:15 AM Eastern Daylight Time

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Itaconix announces record revenue and improving gross margin for 2023, eyes diverse growth

Itaconix PLC

Itaconix PLC (AIM:ITX, OTCQB:ITXXF) CEO John Shaw tells Proactive's Stephen Gunnion the company achieved a record year in 2023 with a revenue of $7.9 million, marking a compound annual growth rate of over 40% across the last five years. Shaw highlighted significant financial achievements, including an increase in gross profit margin to 31%. This improvement is strategic as it focuses on capturing value in polymer ingredients and formulations. The company's EBITDA losses are aligning with market expectations, supported by a successful fundraising event which enhances the company's financial flexibility for future growth. Operational growth was mainly driven by the cleaning sector in North America and Europe, with continued expansion expected, particularly through new applications in beauty and hygiene. However, ongoing negotiations with major merchandisers have led to a revision of revenue expectations for 2024, now projected between $6 million and $6.5 million. This adjustment is part of a broader strategy to diversify customer and application bases, ensuring long-term profitability and value capture. Looking ahead, Shaw said Itaconix plans to focus on higher-margin revenue streams, both from existing and new customers. The company is also investing in new products and processes, notably in leather and sustainable paint applications, leveraging recent technology upgrades. These initiatives are part of Itaconix's long-term goal to become a significant player in the specialty ingredients market, with aspirations to reach a $100 million revenue target. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 16, 2024 07:13 AM Eastern Daylight Time

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CleanTech Lithium chairman assures that it is business as usual following CEO's resignation

CleanTech Lithium PLC

CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) executive chairman Dr Steve Kesler joined Proactive's Stephen Gunnion after stepping into the role of interim CEO role following the resignation of Aldo Boitano for failing to disclose a loan that used his holding in the Chile-focused group as collateral. Despite Boitano's resignation, Kesler assured shareholders that the company’s projects in Chile, including drilling, hydrogeology, pilot plant operations, and environmental work, will continue unaffected. Kesler, with over 30 years of experience in the Chilean mining industry, anticipates a seamless transition. Boitano will continue as a consultant during this transition period, maintaining key relationships. CleanTech Lithium is also preparing for an ASX listing and searching for a new CEO to support this effort. Kesler said the company has made significant advancements in lithium production, achieving a milestone by producing lithium chloride through their direct lithium extraction process. Current efforts are focused on refining this product at the pilot plant to achieve battery-grade lithium carbonate, which they plan to ship for conversion in Chicago soon. Kesler indicated that substantive discussions with potential off-takers would begin post the completion of the Pre-Feasibility Study (PFS) to demonstrate the resource size and economics. Regarding market dynamics, despite fluctuations in lithium prices, Kesler said he is confident that CleanTech Lithium's operational costs position them advantageously. They anticipate maintaining profitability under various price scenarios, supported by a cost structure significantly lower than current market prices. Contact Details Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

April 16, 2024 07:10 AM Eastern Daylight Time

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Crossword Cybersecurity reports strong performance of cybersecurity monitoring service in Caribbean

Crossword Cybersecurity PLC

Crossword Cybersecurity PLC (AIM:CCS) group managing director Stuart Jubb tells Proactive's Stephen Gunnion that the company's Nightingale cybersecurity monitoring service performed well in the first quarter after expanding into the Caribbean. Jubb told Proactive the company has established a partnership with a local cybersecurity firm founded by entrepreneurs, addressing a significant gap in cybersecurity support in the region. This partnership has led to significant contracts with major companies in the Caribbean, enhancing Crossword's presence and reputation locally. Nightingale is a monitoring software installed in data centres to oversee laptops and PCs, providing early warnings of any unusual access patterns, which can indicate potential security threats. This service is becoming increasingly crucial as Caribbean countries, with growing international business interests and natural resources, begin to recognise the importance of cybersecurity. The local partner, now a preferred security provider, is also offering consultancy services, aiding companies in developing comprehensive cybersecurity strategies. This approach mirrors Crossword's successful strategies in other markets, with plans to replicate this model in additional English-speaking and Commonwealth countries. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 16, 2024 07:08 AM Eastern Daylight Time

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KEFI Gold and Copper chairman says 'stars are aligning' with gold at $2,400

KEFI Gold and Copper PLC

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams tells Proactive's Stephen Gunnion that "the stars are aligning" as gold continues to reach record highs as the company prepares to trigger production at its Tulu Kapi gold project in Ethiopia. Gold at around $2,400 per ounce aligns perfectly with KEFI's plans to commence construction. This historic high in gold prices is expected to greatly enhance the company's net cash flow, with projections reaching around $90 million after expenses, Harry Anagnostaras-Adams said. In Ethiopia, where production is expected to start within two years, the impact is most immediate and substantial, enhancing project economics significantly. Its Saudi Arabian projects, while further behind, are expected to see similar benefits in the longer term. Anagnostaras-Adams also highlighted industry trends, noting consolidation among African gold developers and predicting a positive knock-on effect on acquisitions and asset trading due to increased cash flows for producers. Discussing the future, he remained cautiously optimistic about maintaining high gold prices, bolstered by strong historical demand and current geopolitical tensions. Anagnostaras-Adams concluded with updates on project approvals and progress in Ethiopia and Saudi Arabia, underscoring compliance with timelines and the beneficial effects of current commodity prices on KEFI's operations. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 16, 2024 07:06 AM Eastern Daylight Time

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Tharisa PLC CEO discusses solid Q2 performance and innovative energy storage solution

Tharisa PLC

Tharisa PLC (LSE:THS, JSE:THA, OTC:TIHRF) CEO Phoevos Pouroulis takes Proactive's Stephen Gunnion through the company's second-quarter production performance and future prospects. While Tharisa reported a slight decrease in chrome concentrate production to just over 400,000 tonnes, Pouroulis said the company remains on track to meet its annual guidance of 1.7 to 1.8 million tonnes. PGM production remained steady at 35.3 thousand ounces, with full-year guidance set at 145 to 155 thousand ounces, requiring improved recovery in the second half. Progress was made at the Karo platinum project in Zimbabwe, with construction continuing despite a slowdown in capital expenditure, awaiting the finalisation of project financing. Pouroulis also highlighted Tharisa's innovation strategy with the official launch of Redox One, a chrome iron redox flow battery technology for grid-scale, long-duration energy storage, developed from the company's chrome concentrate. The technology, aimed at decarbonizing the company's footprint, supports the use of renewable energy beyond daylight hours. The CEO also discussed a $5 million share repurchase programme, taking advantage of the impact of depressed PGM prices on the company's share price. The interview concluded with a reflection on the company's 10th anniversary of Tharisa's JSE listing and a positive outlook for the third quarter, focusing on improved PGM recoveries. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 16, 2024 07:03 AM Eastern Daylight Time

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OneMeta Inc. (OTCQB: ONEI) Breaks Barriers with Language AI

ONEI

Artificial Intelligence (AI) is reshaping the global economic landscape, driving productivity, global growth, and income worldwide, according to the International Monetary Fund. As AI technology becomes increasingly prevalent across various industries, several AI stocks are positioned to benefit from this transformation. Companies are leveraging AI to boost productivity and maintain a competitive edge, with applications in software development, customer service, pharmaceutical research, and creative design. The Natural Language Processing (NLP) market is experiencing rapid growth, projected to reach $36.42 billion in 2024 with a CAGR of 27.55% between 2024 and 2030. The United States leads this market, boasting the largest market size. OneMeta Inc. (OTCQB: ONEI) is making notable strides in the NLP segment. OneMeta specializes in multilingual enablement, aiming to break down communication barriers across a world that speaks over 7,100 languages. Utilizing proprietary end-to-end NLP architecture developed through generative AI, OneMeta’s technology can synthesize, translate, and transcribe spoken and written words in less than one second. Last year, OneMeta announced the launch of VerbumCall, an AI-powered phone-to-phone language translation service that boasts an impressive accuracy rate of over 94%. VerbumCall leverages OneMeta’s proprietary VerbumOS, or the Adaptive Multilingual Recognition System, to generate precise translations and transcripts across 152 languages in less than a second. This service has broad applications, including healthcare, education, government, geopolitical, and customer service call centers, potentially transforming industries and fostering a more connected world. OneMeta Inc. (OTCQB: ONEI) Partners With Microsoft Corp. (NASDAQ: MSFT) OneMeta achieved a major milestone in early 2024 when the company partnered with Microsoft to integrate OneMeta's technology into Microsoft Teams. This collaboration allows users of Microsoft Teams to communicate in over 140 languages simultaneously, offering seamless translation and transcription capabilities. As a result, OneMeta's Verbum software was listed on the Microsoft Azure Marketplace and the Microsoft AppSource Marketplace, expanding the company’s market presence and accessibility to potential customers. Additional Recently, ONEI expanded its presence on Microsoft’s corporate websites by listing its Verbum software on the Teams Store, AppSource Marketplace, Azure Marketplace, and Microsoft’s documentation library. This strategic move allows Microsoft Teams Enterprise users to easily access OneMeta's multilingual solutions, further promoting the adoption of the company's offerings. Move to OTCQB Further demonstrating the company’s growth, OneMeta announced ONEI was approved to move up to the OTCQB venture market on March 5, 2024, allowing more brokerage firms to buy and sell the company's common shares. This uplisting provides OneMeta with increased liquidity and strengthens its position as an SEC reporting company committed to keeping its shareholders informed. OneMeta Strengthens Leadership OneMeta's leadership team has been bolstered by the addition of Roy H. Chestnutt to its board of directors. Chestnutt brings a wealth of experience in operations, corporate strategy, and business development, particularly from his time as Executive Vice President and Chief Strategy Officer at Verizon. His extensive background in the telecommunications industry positions OneMeta for growth in the competitive AI market. In addition to Chestnutt, ONEI also appointed Tim Fisher as Senior Vice-President of Sales. Fisher’s transformational sales expertise spans over three decades across multiple industry verticals, including banking, insurance, healthcare, and retail. His strategic enterprise sales experience and track record of achieving substantial revenue growth make him a valuable asset to the company. OneMeta Inc. (OTCQB:ONEI) presents significant potential as an AI stock to watch, particularly due to its cutting-edge technology in NLP and real-time language solutions. The company's partnership with Microsoft and its uplisting to the OTCQB venture market position ONEI as an emerging player in the rapidly evolving AI landscape. Investors may want to monitor OneMeta's progress as it leverages these developments to break down language barriers and advance global communication. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, or assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. Capital Gains Report (CGR) is responsible for the production and distribution of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. CGR has been retained by Awareness to produce and distribute this content related to ONEI. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website capitalgainsreport.com All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR is not a fiduciary by virtue of any persons use of or access to this content. Contact Details CapitalGainsReport Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com

April 16, 2024 06:00 AM Eastern Daylight Time

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