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Kodal Minerals reports significant progress at Bougouni lithium project in Mali

Kodal Minerals PLC

Kodal Minerals PLC (AIM:KOD) CEO Bernard Aylward joins Proactive's Stephen Gunnion with details of the latest milestones at the Bougouni lithium project in southern Mali. Aylward highlighted that the project has seen significant progress following the completion of a transaction last November, ensuring the development is fully funded, including Phase One development, exploration, and further developments. The integration of teams from Kodal Minerals and their joint venture partner, Hainan Mining, has led to engineering improvements for better recovery and optimisation of the project. Work on Dense Media Separation (DMS) units and the crushing circuit has commenced, with mining contractors expected to mobilise soon. The initial focus will be on civil work, including site preparation and clearing, to ready the operation for commissioning in late October or November, aiming for full production by year-end. Phase One of the project involves a quick development process with a capital expenditure of $65 million. Phase Two aims to extend the mine life to 10-15 years, increasing production to over 370,000 tonnes per annum by adding a flotation plant for processing ore from additional prospects. Aylward said the project enjoys support from the Malian government and local communities, with the Environment Minister visiting the site and expressing satisfaction. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 08:29 AM Eastern Daylight Time

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Hydrogen Utopia and Powerhouse Energy CEOs discuss joint hydrogen facility in Longford

Hydrogen Utopia International PLC

Hydrogen Utopia International PLC (LSE:HUI, OTCQB:HUIPF) CEO Aleksandra Binkowska and Powerhouse Energy Group PLC (AIM:PHE) CEO Paul Emmitt join Proactive's Stephen Gunnion with details of their joint venture to develop a facility in Longford, Republic of Ireland, for converting non-recyclable plastic waste to hydrogen. The CEOs discussed the strategic significance of the project. Longford, identified through the EU's Just Transition Fund for its high unemployment and demand for hydrogen, presents a promising opportunity. The city, historically industrial with varied factories including a closed denim factory, has faced economic decline and job losses. The project aims to revitalise Longford, leveraging the site's advantages such as its location, existing industrial infrastructure, and the supportive community. The joint venture entails Powerhouse Energy providing engineering expertise and Hydrogen Utopia International contributing the site, with the partnership structured around equal financial contributions and shared development responsibilities. Commercial terms include a €100,000 initial payment from Powerhouse Energy to Hydrogen Utopia International, followed by shared development costs and further payments upon achieving project milestones. The project's approach is technology-agnostic, deferring the decision on which hydrogen technology to deploy until necessary approvals are secured to ensure project viability. The next steps focus on community engagement, educating Longford's residents about hydrogen technology's benefits and potential job creation. The CEOs also highlighted ongoing efforts to secure additional funding and grants. The collaboration signifies a move towards sustainable energy solutions, aiming to demonstrate a successful model for similar projects in Europe. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 08:21 AM Eastern Daylight Time

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Revenue Management Solutions Reveals the Future of Restaurant Pricing With Launch of AI-Powered Price Studio Solution

Revenue Management Solutions

Revenue Management Solutions (RMS), a global leader in restaurant data analytics, today unveiled Price Studio, a groundbreaking AI-powered dashboard that will evolve strategic restaurant pricing and deliver new levels of profitability for restaurant brands. Price Studio sets a new standard in restaurant pricing strategy by marrying RMS’ unparalleled expertise with the latest AI technology. The easy-to-use solution empowers franchisees and multi-unit brands to build and test the viability of complex pricing scenarios within minutes without negatively affecting customer traffic. “Since 2019, average menu prices have increased as much as 40%, and customer traffic is declining,” said John Oakes, CEO of RMS. “In this environment, making well-informed pricing decisions is crucial. Price Studio incorporates data across the full pricing environment so brands can simulate price scenarios that create real value for customers and their business — all from their desktop.” Powered by Experience and Innovation Drawing on three decades of pricing expertise, RMS engineered Price Studio as part of a comprehensive suite of solutions that uses technology to simplify an increasingly competitive pricing landscape. The platform is the first to incorporate data across internal and external sources, including historical customer behavior, seasonality, RMS’ patented consumer price elasticity scores, competitor pricing insights from over 170,000 restaurants and POS data. Comprehensive Insights for Profitable Decision-Making Price Studio’s AI capabilities deliver price recommendations alongside actionable insights into revenue, traffic and cost implications. Through the easy-to-use dashboard, brands can test and implement pricing adjustments across entire menus and directly export them to their restaurant’s POS system, streamlining a process that traditionally would take months. Users can uncover pricing opportunities across all menu items, compare margin impacts by price tier and category, and identify potential traffic risks and margin challenges. Price Studio ensures that pricing strategies align with marketing initiatives and brand pricing rules to guide users toward profitable pricing strategies at all levels, including individual locations, regions or entire systems. Finding Value in Your Price Strategy In addition to identifying opportunities to adjust pricing on popular items without negatively affecting sales, Price Studio flags items that might be overpriced and could benefit from a reduction, all through its intuitive dashboard. By quickly analyzing the potential outcomes of pricing changes, brands can craft a strategic, targeted and profitable pricing strategy that protects their customer value equation. “Price Studio helps restaurants create profit-driven pricing strategies tailored to their customers' willingness to pay and their perception of value,” said Oakes. “Thanks to the platform, brands can test and learn in less time than ever before while still weighing the many factors that affect the value equation, such as menu mix, item trading relationships, brand integrity and changing customer behavior.” Learn more about Price Studio and how it can revolutionize your restaurant’s pricing strategy at https://www.revenuemanage.com/. About Revenue Management Solutions For 30 years, Revenue Management Solutions (RMS) has partnered with restaurant brands to deliver actionable insights and data-driven solutions to boost sales, streamline costs and maximize profitability. Its AI-powered solutions support 100,000-plus locations worldwide, empowering brands to navigate challenges such as inflation and labor costs with confidence. Unlock the power of your data with RMS by visiting www.revenuemanage.com. Contact Details Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com Company Website https://www.revenuemanage.com

March 27, 2024 08:15 AM Eastern Daylight Time

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i3 Energy announces strategic refinancing and positive reserves update

i3 Energy PLC

i3 Energy PLC (AIM:I3E, TSX:ITE, OTC:ITEEF) chief executive Majid Shafiq joins Proactive's Stephen Gunnion with details of a positive refinancing for the company. The company has entered into a reserve-based lending (RBL) facility, secured against its Canadian reserves and assets. The facility totals C$75 million, comprising a C$55 million revolver and a C$20 million operating loan, with an option to index the rate to the Canadian prime rate. This new arrangement offers a slightly better interest rate compared to the previous loan and is expected to reduce as central bank interest rates fall. It also effectively halves the company's current interest costs due to cash balances being held with the lending bank, offsetting the loan. Shafiq said the refinancing has freed up $25 million Canadian annually, previously allocated to amortising the existing loan. This amount will now be reinvested in the business. Approximately C$50 million remains undrawn from the new facility, available for future investment to grow the business. The flexibility and lower interest payments provided by this facility are highlighted as significant benefits. Shafiq emphasised the importance of partnering with a Canadian bank, noting their understanding of the Canadian oil and gas sector and the capability to assess risk accurately, leading to potentially lower capital costs. This relationship is also strategic for accessing development capital for organic growth and mergers and acquisitions (M&A). Shafiq said the company's 2023 reserves update reveals stable reserves despite production, with 93 million barrels 1P and 180 million barrels 2P. He said this stability, achieved with minimal capital expenditure due to low gas prices, underscores the quality of i3 Energy's assets and its efficient management. The company maintains a low production decline rate and a diverse portfolio, enabling flexibility in response to commodity price changes. Looking ahead, Shafiq said i3 Energy plans to use its enhanced liquidity for growth initiatives and will update the market on its capital programme. The relationship with a major Canadian bank is expected to provide significant flexibility and options for the company's growth strategy. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 08:12 AM Eastern Daylight Time

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KEFI Gold and Copper makes progress towards financial close for Tulu Kapi gold project in Ethiopia

KEFI Gold and Copper PLC

KEFI Gold and Copper PLC has made further progress on its Tulu Kapi gold project in Ethiopia, crossing another milestone with the $320 million development budget. Executive chairman Harry Anagnostaras-Adams discussed the complexities of raising substantial funds in a new jurisdiction for mining, highlighting the challenges and achievements in navigating development banking and financing in a frontier market. In an interview with Proactive's Stephen Gunnion, discussed the complexities of raising substantial funds in a new jurisdiction and mentioned the normalcy of the project's development pace, considering the pioneering nature of their work in Ethiopia, including overcoming regulatory obstacles and securing protections necessary for mobilizing the required capital and personnel. Anagnostaras-Adams also elaborated on recent regulatory changes that have positively impacted the project's finance costs by altering the debt-to-equity ratio. Initially facing a closed economy with a 50% borrowing limit, KEFI Gold and Copper secured a major concession allowing a 70:30 ratio, which was further improved to 80:20 by the National Bank of Ethiopia. This adjustment enables the use of more lower-cost capital, significantly benefiting the project. Looking forward, KEFI Gold and Copper aims to finalize agreements and refresh key components of the project by the end of May, with a final model and schedule set by the end of June. This includes updating the plant costing, property surveys for resettling communities, and adjusting the mining contractor's rise and fall clause for inflation. The company is coordinating with every syndicate party across various countries to ensure alignment and adherence to the timeline, emphasizing the collaborative effort to navigate development funding in Ethiopia. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 08:09 AM Eastern Daylight Time

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Awalé Resources unveils another high-grade gold discovery in Côte d'Ivoire

Awalé Resources Ltd

Awale Resources Ltd (TSX-V:ARIC) CEO Andrew Chubb joins Proactive's Stephen Gunnion with an update on the drilling programme at the Odienné project in Côte d'Ivoire, highlighting a particularly remarkable drill hole at the Charger target as "nothing short of spectacular." Chubb said the drill hole yielded 32 metres at 45.7 grammes per tonne of gold within a 57-metre interval averaging 26 grammes per tonne. Chubb described this find as the best drill hole of his career, noting its consistency of high-grade mineralisation without reliance on large gold nuggets, which underscores the significance of the find. Chubb also indicated that Awalé Resources has only begun to explore the project's potential and announced plans for follow-up drilling. The imminent drilling programme will target both the BBM and Charger sites, with rigs expected to commence within two weeks. The BBM target, announced last week as a new discovery, and the Charger target, known for its visible gold breccia pipe system, are areas of focus due to their previously identified high-grade intercepts. Chubb expressed enthusiasm for the future, citing the Odienné project's drilling results as among the highest-grade gold sections in Africa in decades. With 25,000 metres of drilling planned for the year, he anticipates further significant discoveries and commits to keeping stakeholders informed on the project's progress. Contact Details Proactive +1 604-688-8158 na-editorial@proactiveinvestors.com

March 27, 2024 08:05 AM Eastern Daylight Time

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Oriole Resources prepares for more drilling at Bibemi gold project; expands exploration in Cameroon

Oriole Resources PLC

Oriole Resources PLC CEO Tim Livesey joins Proactive's Stephen Gunnion with and update on the companhy's Bibemi orogenic gold project in Cameroon. The company is working in partnership with BCM International to expand and extend the mineral resource at the Bibemi site. Recent interpretation of geophysical data has identified several new geophysical targets, promising for the expansion of the project. This year's drill programme aims to confirm these targets, potentially adding to the existing mineral resource estimate (MRE). Livesey highlighted the distinction between January's MRE upgrade and the current targets, emphasizing the addition of brand-new areas for exploration. The 2024 drilling strategy focuses on defining resources at shallow depths and expanding the MRE, with expectations of drilling up to five new targets. Furthermore, Oriole and BCM are progressing exploration at the Mbe target, with results expected soon. The company also plans to advance exploration on its other licences in Cameroon, signalling a busy year ahead with a growing local team. Livesey expresses optimism for significant resource confirmation in 2025 and maintains a dynamic exploration schedule across their portfolio. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 07:58 AM Eastern Daylight Time

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Light Science Technologies says government grant will help advance key food production research

Light Science Technologies Holdings PLC

Light Science Technologies Holdings PLC (AIM:LST) CEO Simon Deacon joins Proactive's Stephen Gunnion with details of a £188,251 from The Department for Environment, Food and Rural Affairs (Defra) and Innovate UK, as part of a £299,748 collaboration aimed at transforming food production. The grant supports the development of sensors for monitoring soil conditions, complementing the company's existing air zone sensors. This initiative, led by Light Science Technologies in collaboration with Bridge Farms and Zenith Nurseries, aims to enhance crop yields and make agricultural practices more cost-efficient by optimising fertiliser and energy usage. The project aligns with the company's broader goal of enabling continuous crop growth in controlled environments such as glasshouses and vertical farms. Deacon also highlighted the smart agriculture market's potential, noting a global value projected at $55 billion by 2032, with a 12% growth rate. The company, which has established a global distribution network expects to integrate the new sensor technology into its SensorGrow product range for commercial sale after a 12-month trial period. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 07:55 AM Eastern Daylight Time

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Black Rock Mining says second Digbee assessment identifies areas of strength and opportunity

Digbee Limited

Digbee founder and CEO Jamie Strauss and Black Rock Mining MD John de Vries discuss the significance of the second Digbee assessment for Black Rock Mining, highlighting its utility in identifying areas of strength and opportunity from the first report, and its role as a communication tool for engaging with stakeholders such as debt financiers, internal investors, and regulators. De Vries told Proactive the assessment's independent view is increasingly valued by these groups for providing context about Black Rock's position relative to other projects. Looking ahead, he said Black Rock aims to measure and understand the impact of its development activities, especially with a final investment decision approaching. This involves assessing the socioeconomic effects of investing significant amounts in remote African locations to ensure positive outcomes and avoid potential pitfalls like wealth traps. Strauss elaborated on the evolving landscape of sustainability in mining, emphasizing the importance of transparency and continuous improvement for companies like Black Rock Mining. The influx of new funding sources, including government and private equity, along with heightened demands from consumers for traceability and risk mitigation, creates a dynamic environment. Successful companies will be those that meet the diverse requirements of financiers and consumers, thereby reducing capital costs and contributing to a sustainable economy. Contact Details Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

March 27, 2024 07:51 AM Eastern Daylight Time

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