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What Does The Advent Of GLP-1 Weight Loss Drugs Bode For Fitness Companies Like The Beachbody Company (NYSE: BODI)? The Answer May Surprise You

Benzinga

By Meg Flippin, Benzinga From Ozempic to Wegovy, Glucagon-like peptide-1 or GLP-1 injectables are taking the world by storm, helping countless people shed pounds. But taking the drug alone may not be enough to get the weight down and keep it off. That still requires some work – which means exercise and healthy eating. It’s also why The Beachbody Company, Inc. (NYSE: BODI) is excited about what these drugs can bring to the world and to its own bottom line. In the wake of the GLP-1 craze, the work-at-home health and fitness company saw subscriptions for its recently launched premium digital health and fitness platform, BODi, rise 27% in the third quarter. It now has over 900,000 subscribers and is still growing. Meanwhile, its month-over-month retention rate stands at 96% – that means only 4% of BODi’s customers don’t come back for a workout or nutrition advice the next month. Seems counterintuitive? Maybe for some but not BODi. “We're actually encouraged about treatments that can help some of the 74% of Americans that are overweight or obese,” said co-founder and CEO Carl Daikeler on the company’s recent third-quarter earnings call. “We also recognize that a chemical solution is only a single step towards sustaining a healthy lifestyle and does nothing to improve skeletal muscle mass, which is critical to health and functioning in the world.” One would expect that Daikeler knows a little bit about that – BODi has made a name for itself over its more than two decades in business thanks to fitness programs like P90X and Insanity, its superfood nutrition shake Shakeology and a portfolio of health and wellness supplements. Can GLP-1 Hurt Demand For Fitness Products? Some investors may worry that GLP-1 pharmaceuticals will reduce demand for at-home workouts and supplements as more people get access to these injectables and pills and the treatment becomes more mainstream. The drugs have proven to be a game changer for people who have tried and failed to lose weight. A 2022 clinical trial of Tirzepatide, the generic name for GLP-1 drug Zepbound, showed people lost as much as 22% of their body weight. To achieve that, the participants also engaged in healthy actions during the 72-week trial including consuming balanced meals with a deficit of 500 calories per day and at least 150 minutes of physical activity per week. It is the latter point that tends to get buried in trial results but is key to the positive outcomes and why BODi is so optimistic. GLP-1, exercise and diet management go hand in hand in the weight loss journey. “It's really vital that people supplement these weight loss drugs with healthier lifestyle choices, including fitness and nutrition,” said Daikeler. “We don't see GLP-1 treatment as a headwind for us, but rather a very significant tailwind, as it brings the importance of reducing obesity to the forefront and makes lifestyle change an important component of that decision.” BODi In The Driver’s Seat BODi believes it’s well positioned to capitalize on the growing demand for at-home fitness programs whether it’s driven by GLP-1 drugs or a desire to be healthy. The online/virtual fitness market is projected to grow at a CAGR of 32.7% through 2032, becoming a $250.7 billion market. In 2022, the market was worth just $14.9 billion. It also comes at a time when obesity in America is a growing problem. As of September 2023 nationally, 41.9% of adults have obesity. That presents a big opportunity for a company like BODi, which boasts a library of over 120 comprehensive, structured fitness programs and recently overhauled its digital platform. That rework has resonated with users; BODi has been selected as the top fitness and workout app of 2023 by CNN. The annual membership of the new BODi app is 80% more than their previous basic BODi app, and the monthly retention rate has remained around 96%. These metrics potentially serve as evidence that customers are appreciating the overhaul and willing to pay higher prices. To give potential customers access to BODi workout programs without having to commit, the company recently launched a free preview. Exercisers can try over 120 sample workouts, nutrition plans and personal development content. BODi is also launching a limited version of BODi Previews on YouTube, providing access to a broader audience. The world is on a weight and health journey whether with the help of drugs or independently. Either way, exercise is an important component of those efforts. BODi has long known that and is confident it can benefit as more people embrace GLP-1 drugs and exercise as a two-pronged approach. Featured photo courtesy of The Beachbody Company. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 18, 2024 08:45 AM Eastern Daylight Time

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Battery Mineral Resources Corp. Provides Review of 2023 Accomplishments and Outlook for 2024

Battery Mineral Resources Corp.

Vancouver, British Columbia – (March 18, 2024) – Battery Mineral Resources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF ) (“ Battery ” or “ BMR ” or the “ Company ”) is pleased to provide a review of the Company’s accomplishments in 2023 as well as an outlook and updates for 2024. The year 2023 brought significant improvements in the areas of funding, permitting and operational readiness for the Punitaqui mine in Chile. Funding Highlights 2023 and 2024 BMR accomplished multiple major funding milestones in 2023, and applied the proceeds towards working capital and the restart of copper concentrate production at its Punitaqui copper project in Chile, including: Bridge loan - Beginning on June 7, BMR increased its bridge loan facility from its major shareholder from US$4 million to US$5.3 million (“ M ”) while also extending the maturity date to September 15, 2023. This additional financial flexibility allowed BMR to continue advancing its Punitaqui project towards development without the need for the issuance of equity. BMR used the proceeds of the expanded loan to continue advancing Punitaqui towards restarting sustainable copper concentrate production, and for additional working capital. Promissory note - Procured further non-dilutive funding, when BMR announced on July 5, 2023, having obtained a further debt financing in the form of a promissory note of US$2M, also from its major shareholder. The US$2M promissory note provided BMR additional flexibility as it worked to secure the final funding for the restart of copper concentrate production from its Punitaqui Copper Mining Complex. Private placement and capital reorganization - A non-brokered private placement offering of up to US$6M in unsecured convertible debentures, press released on October 17, 2023. In connection with the private placement, BMR issued US$15.4 million in convertible debentures to its existing debtholders to refinance substantially all the Company’s previously outstanding indebtedness. First closing - The Company’s press release of October 19, 2023 announced a first closing of the private placement of convertible debentures for gross proceeds of US$1.37M. Second closing - On November 3, 2023, BMR announced a second closing of the private placement of convertible debentures for gross proceeds of US$1.915M which brought the total raised in the first two closings to US$3.285M. In addition, funds drawn from ESI Energy Services, Inc. (“ ESI ”), beginning with the US$2M equipment refinancing announced on December 29, 2022 and including subsequent intermittent cash disbursements from ESI to BMR, totaling approximately US$2.68M for 2023. Extending into Q1 of 2024, funding highlights are as follows: BMR closed further convertible debenture funding, as announced on February 16 and March 11, bringing the total raised to US$4.685M; Announced on March 11, the Company’s wholly-owned subsidiary, ESI entered into an C$8M credit agreement with Fiera Enhanced Private Debt Fund; and Also, coincident with the Javelin Global Commodities (“ Javelin ”) copper concentrate marketing agreement announced on February 12, Minera BMR SpA (the Company’s 100%-owned Chilean subsidiary) received a pre-payment of US$5M, and entered into advance payment terms in respect of shipments of copper concentrate, gold, silver, and other metals delivered from time to time in an amount of up to US$20M. Permitting and Operational Highlights 2023 and 2024 2023 was a transformational year at our Punitaqui project in Chile, as the Company announced in December that the precursor to restarting Punitaqui had begun. In this regard, personnel hiring for the resumption of full operations at Punitaqui commenced. Final mine maintenance at the San Andres mine including rehabilitation of ground support, re-activation of compressed air, ventilation, power, and water in preparation for resumption of full mining operations, commenced in late November with the aim of full operational commissioning of the Punitaqui processing plant and start-up in Q2, 2024. The restart of pre-operational activities at Punitaqui was initiated subsequent to the permit for the San Andres mine being granted, which allows for BMR to commence drifting, ramp construction and mine development on two different elevation levels and allows for establishment of new underground exploration drilling platforms. This mine development will establish access to new zones of copper mineralization for the forthcoming mine production. A further permit granting was announced in December 2023 which permits BMR to place thickened copper concentrate tailings into the tailing’s storage facility of up to 1.5M tonnes - representing approximately 20 months of mine and plant operations during the first phase of operations at Punitaqui. Beyond this initial 20-month operating period, the Company expects to receive a permit for “dry stack” or filtered tailings deposition in late-2024. Filtered tailings deposition has several benefits over thickened tailings deposition including lower water consumption in plant operations and greater capacity for tailings storage over the same physical footprint. Construction and commissioning of the tailings filter plant will take approximately nine months and thereafter, filtered tailings are expected to be deposited. Deposition of filtered tailings will allow for an additional eight-plus years of tailings storage at our permitted mining rate. This will be accomplished over nearly the same footprint the current tailings storage facility occupies. In addition, as highlighted in the February 13, 2023 press release, BMR executed a strategic agreement with Anglo-American PLC (“ Anglo ”) to sell slag copper concentrates produced at the Punitaqui plant. Anglo has agreed to purchase all the copper concentrate to be produced from 240,000 tonnes of Anglo- supplied copper slags. Extending into Q1 of 2024, further permitting achievements were as follows: Cinabrio and San Andres now have all operational permits in place for mine development and exploitation; Dalmacia initial permit for rehabilitation and drifting development was received; and, New mine and mill closure plans have been approved by the regulatory authorities. Extending into Q1 of 2024, further operational achievements were as follows: Development drifting in San Andres began and had success intercepting potential feed for the Punitaqui plant earlier than expected; Initiation of mine maintenance in Cinabrio, the original mine which provided copper mineralized material to the Punitaqui plant for approximately 10 years; Infill core drilling began in San Andres. This work will fine tune the amount of tons and grade that will be mined in the following weeks in San Andres; and Plant maintenance is well advanced (85%). These activities are focussed on repairs, replacements, and upgrades. As the Company expects to begin copper concentrate production in the first half of this year from its Punitaqui copper mine, activities continue to ramp up. The timeline from first fresh ore through the mill, increasing to full commissioning and eventual commercial production is expected to require approximately nine months. The company is aiming to complete all mine and plant rehabilitation prior to plant commissioning. Subsequent to this, progress of underground mine development in Cinabrio and San Andres will allow BMR to begin processing its own ore. Reaching the Company’s full permitted run rate of 100,000 tonnes per month of ore throughput, BMR expects Punitaqui full year production rate should be in the range of 18 to 20 million pounds of copper in concentrate. During the ramp up period while the Cinabrio and San Andres mines are in operation, the company will continue advancing toward its Cinabrio Norte zone to eventually commence active mining in Q? 2024/2025? As part of the ongoing operational readiness during 2024, BMR expects to complete underground infill and extensional drilling at San Andreas and Cinabrio. The drilling program is designed to further define areas that could be included in mine sequencing and for grade control purposes. The company looks forward to reporting the results of this drilling during the course of the year. Environmental and Community Highlights 2023 In 2023, BMR advanced its environmental and community initiatives including the filing of the Company’s inaugural environmental and social governance report (“ ESG Report ”), announced on June 7, 2023. Additional highlights in 2023 included: Completing agreements with the local community of Agricola Potrerillos Alto (“ Potrerillos Community ”) and the town of Agricola Punitaqui (“ Punitaqui Community ”). These agreements allow for surface exploration consisting of a ground magnetic survey, geological mapping, and sampling to identify potential new targets on grounds for which the Potrerillos Community has surface rights to, and allows BMR to drill the potential targets at a later date. To support, aid and improve the local communities, BMR also agreed to fund the construction of a water well for the people of Potrerillos. BMR’s social and community relations consultant, Integratio Mediação Social e Sustentabilidade, completed the community relationship policies and consultation manuals that will support and guide the Company’s social engagement strategy for the future. The Company is currently proactively engaging with both of our local communities of Potrerillos and Punitaqui as well as the local and regional authorities on the status of the project in terms of social impact and employment opportunities. Additionally, BMR reached an agreement to contribute to the widening of the road and an increase of the asphaltic pavement to support trucking of feed for the Punitaqui plant from Dalmacia. CEO Commentary Martin Kostuik, Battery’s CEO stated, “BMR’s management and board look forward to continuing the march towards copper production at Punitaqui. With a motivated and capable operating team coupled with great assets and an outlook for strong copper markets, the Company is in a very favorable position to provide ever greater value for it’s shareholders. As 2024 unfolds, we are excited to continue to share progress and results.” Additional Disclosure Regarding the Credit Agreement BMR is also providing additional information in connection with the C$8M credit agreement with Fiera Enhanced Private Debt Fund. The loans advanced under the credit agreement bear interest at a floating prime rate plus 420 basis points. The loans will mature on the third anniversary of the credit agreement. With respect to the first advance under the credit agreement, the maturity date shall therefore be March 8, 2027. The second advance under the credit agreement has not been made and remains subject to the satisfaction of certain conditions. About Battery Mineral Resources Corp. Battery Mineral Resources is a battery minerals company providing shareholders exposure to the global mega-trend of electrification while being focused on growth through cash-flow, exploration, and acquisitions in favourable mining jurisdictions. Battery Mineral’s mission is the discovery, acquisition, and development of battery metals (namely cobalt, lithium, graphite, and copper), in North America, South America and South Korea and to become a premier and responsible supplier of battery minerals to the electrification marketplace. BMR is currently pursuing a near-term resumption of operations of the Punitaqui Mining Complex, a past copper-gold-silver producer, in the Coquimbo region of Chile. BMR is the largest mineral claim holder in the historic Gowganda Cobalt-Silver Camp in Ontario, Canada, and continues to pursue a focused program to build on the recently announced, +1-million-pound high-grade cobalt resource at McAra. In addition, Battery Mineral owns 100% of ESI Energy Services, Inc. (including ESI’s wholly owned USA operating subsidiary, Ozzie’s, Inc.), a profitable mainline pipeline and renewable energy equipment rental and sales company with operations in Alberta, Canada and Arizona, USA. Battery Mineral Resources is based in Canada and its shares are listed on the Toronto Venture Exchange under the symbol “BMR” and on the OTCQB under the symbol “BTRMF”. Further information about BMR and its projects can be found on www.bmrcorp.com. About Battery Mineral Resources Corp. Forward Looking Statements: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of the Company on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain sufficient financing to complete exploration and development activities, the ability of the Company to secure the Advances under the Loan Agreement, timing of the completion of the Company’s audit, risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, the ability of the Company to meet its anticipated development schedule, government regulation and fluctuating metal prices. Accordingly, readers should not place undue reliance on forward-looking statements. Battery undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein, whether as a result of new information or future events or otherwise, except as may be required by law. Contact Details Battery Mineral Resources Corp. Martin Kostuik, CEO +1 604-229-3830 info@bmrcorp.com Corporate Communications Corporate Communications IBN (InvestorBrandNetwork) +1 310-299-1717 editor@investorbrandnetwork.com Company Website https://bmrcorp.com/

March 18, 2024 08:33 AM Eastern Daylight Time

Amid The Frenzy Around Bitcoin Prices, Another Revolution Is Quietly Taking Place Led By Companies Like DLMI: The Tokenization Of Real Estate Assets

Benzinga

By Faith Ashmore, Benzinga The CEO of multinational investment company BlackRock (NYSE: BLK) finally weighed in on the prospects of Bitcoin recently. Larry Fink shared that he thinks Bitcoin has inherent potential and even went as far as to call it digital gold. In January, BlackRock was one of the firms that received approval for a Bitcoin ETF, and by March it had reached $10 billion in assets under management. Fink is confident that the practical utility and Bitcoin's ability to transcend borders will continue to make it a leader in alternative investments. While Bitcoin and cryptocurrency are all the rage now, there is another significant revolution quietly gaining momentum on the sidelines, one that may be even more significant: the tokenization of financial assets. The financial world as we know it, in many ways, is archaic. From movements like the Gamestop (NYSE: GME) Short Squeeze to the proliferation of accessible trading sites like Robinhood (NASDAQ: HOOD), people are eager for change. Cryptocurrency is just the beginning. How Tokenization Could Revolutionize The 21st Century Simply put, tokenization refers to the process of converting physical assets, such as real estate or precious metals, into digital tokens that can be traded on a blockchain network. This allows for easier and more efficient transfer of ownership, as well as increased liquidity for traditionally illiquid assets. With tokenization, gone are the days of costly and time-consuming processes. Blockchain technology has the potential to make everything faster, cheaper and more reliable. This transition also makes everything more accessible. No more are the days when only the ultra-wealthy can invest in things like real estate. Now, everyone can. Estimates predict that tokenized “real-world assets” could be worth $10 trillion by 2030. Companies like Diamond Lake Minerals Inc. (OTCPK: DLMI) are ahead of the curve in the industry thanks to their innovative technology. DLMI has spent a substantial amount of time and resources under the leadership of its CEO Brian J. Esposito working on the program of converting real estate assets into blockchain-based digital tokens in its ecosystem. In essence, Diamond Lake Minerals is simplifying investments in real estate while unlocking a world of opportunities for investors who previously faced insurmountable barriers to entry, such as capital constraints or geographical limitations. A big part of that strategy was its recent strategic acquisition of Avrio Worldwide PBC, a registered market infrastructure provider with a full technology stack. Avrio will deploy its registered digital financial market infrastructure (dFMI) for the tokenization of digital assets across the DLMI network of companies in spaces like financial services, real estate, media, entertainment, gambling and more. This interoperability is key to the mass adoption of digital assets and tokenization. What Will A Tokenized Future Look Like? Diamond Lake Minerals is setting a precedent for the future of finance, laying out a blueprint for the broader integration of digital assets into our financial systems. Through blockchain technology, every property transaction is recorded securely and immutably, creating a transparent and easily accessible history of ownership and any associated liens. The impact of this type of future is profound, as the transparency provided by blockchain drastically reduces the need for title insurance and complex due diligence processes, ultimately cutting costs for both buyers and sellers. The automation and verification capabilities of smart contracts within blockchain technology also enable transactions to be processed swiftly and accurately, streamlining the real estate purchasing journey from weeks to a matter of days or even hours. Financial giants like HSBC (NYSE: HSBC) have already begun to leverage the blockchain for settlement in repurchase agreements, and projects like UBS’s (NYSE: UBS) digital bond offering are indicative of blockchain adoption among industry leaders. It certainly helps that regulators are now coming around. Although significant challenges lie ahead, the transformative power of asset tokenization cannot be underestimated. This technology can reshape the landscape of investing, offering a future where real estate holdings are as liquid as digital currency and investing in global enterprises is as seamless as online shopping. For those reluctant to embrace change, the rise of tokenization serves as a wake-up call, signaling a shift towards a future where the traditional barriers to investment are dismantled in favor of a more inclusive, efficient, and decentralized financial ecosystem. At one point a company like BlackRock might have scoffed at the idea of cryptocurrency, but today it owns the fastest-growing ETF in U.S. history. Embracing tokenization means embracing a future where the opportunities are boundless and the potential for growth is limitless. Featured photo by fabio on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 18, 2024 08:30 AM Eastern Daylight Time

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Aura Minerals targets nearly 90% production increase by 2025 with new mines - PDAC 2024

Aura Minerals Inc

Aura Minerals Inc chief financial officer Kleber Cardoso joins Proactive's Angela Harmantas at PDAC 2024 with more on the Latin American-focused gold and copper producer and the significant growth it's currently experiencing. In 2023, Aura made crucial progress towards its goal of increasing production by nearly 90% by 2025, with the introduction of three new mines. The company successfully transitioned from three to four operations, notably by bringing the Almas project in Brazil to completion. This new mine, constructed on time and within budget at $75 million over 16 months, reached commercial production five months later. In 2023, Aura produced 136,000 ounces of gold equivalents, with expectations to boost production by 10-20% in 2024 due to the new mine's full operation. Aura aims to nearly double its output to 450,000 ounces of gold equivalent by 2025, with significant contributions from the Borborema project in Brazil, expected to produce 85,000 ounces annually. The project, already 20% complete and fully funded, benefits from fixed pricing for over half of its capital expenditure, mitigating inflation risks and aiming for an early 2025 production start. Beyond Borborema, Aura plans to continue its growth by advancing other projects in Brazil, including the Matupá project, with all necessary permits and feasibility studies completed. This project, along with three early-stage ventures, is part of Aura's strategy to maintain its growth trajectory, aiming for continued expansion into 2025 and beyond. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 18, 2024 08:07 AM Eastern Daylight Time

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Copper Fox Metals outlines advancements and strategic plans - PDAC 2024

Copper Fox Metals Inc

Copper Fox Metals Inc (TSX-V:CUU, OTCQX:CPFXF) CEO Elmer Stewart shares significant updates with Proactive's Angela Harmantas at PDAC 2024. The company, known for its advanced-stage projects, announced a $18.7 million programme at Schaft Creek, which is fully funded by their joint venture partner, Teck Resources. This programme focuses on engineering aspects, moving away from data collection, with metallurgical and geotechnical results expected shortly. Additionally, Van Dyke's project has completed drill hole rehabilitation, and by the end of the week, it is anticipated to have four hydrogeological wells reporting data. This step is crucial for advancing Van Dyke to the permitting stage, requiring eight quarters of hydrogeological information for EPA consideration. Copper Fox Metals is in a 75/25 joint venture with Teck at Schaft Creek, enjoying a situation where all capital investment comes from Teck, allowing Copper Fox a 'free ride' to production. However, Stewart highlighted a strategy to exit before production begins due to the high risks associated with their size and preference to minimize risk. Exploration remains a core focus, with three projects in the pipeline. Eaglehead's recent resource assessment indicated a promising start with approximately 340 million tonnes. Efforts to increase this resource base through exploration are ongoing, with drilling permits applied for both Mineral Mountain and Eaglehead projects. The company is also engaged in early-stage activities at Sombrero Buttes and Timberview. Stewart also addressed the copper supply-demand gap, emphasizing the industry's challenge in advancing sufficient projects from idea to production to meet future needs. He advocated for responsible development that balances environmental stewardship and economic benefits for stakeholders. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 18, 2024 08:03 AM Eastern Daylight Time

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News Release

Above Food files Amendment No. 2 to the Form F-4 Registration Statement in connection with its Proposed Business Combination with Bite Acquisition Corp.

Above Food Corp.

New York, NY and Regina, SK – TheNewswire - March 18, 2024 –– Above Food Corp. (“Above Food” or the “Company”), an innovative food company leveraging its vertically integrated supply chain to deliver differentiated ingredients and consumer products, and Bite Acquisition Corp. (NYSE AMERICAN: BITE) (“Bite”), a special purpose acquisition company, announced today the filing by Above Food Ingredients Inc., a direct wholly owned subsidiary of Above Food (“New Above Food”), of Amendment No. 2 to the Form F-4 registration statement (as amended from time to time, the “Registration Statement”), which contains a preliminary proxy statement of Bite and a prospectus of Above Food in connection with the previously announced business combination of Above Food and Bite (the “Business Combination”). Upon the closing of the proposed Business Combination, New Above Food will become a public company and is expected to be listed on the New York Stock Exchange under the ticker symbol “ABVE”. While the Registration Statement has not yet become effective, and the information contained therein is subject to change, it provides important information about Above Food’s business, differentiated seed-to-fork platform, intellectual property, and vertically integrated manufacturing capabilities, as well as the proposed Business Combination, and the proposals to be considered by Bite's shareholders. Lionel Kambeitz, Chief Executive Officer at Above Food, said "this amendment moves us one step closer to our much anticipated goal of accessing the U.S. capital markets and accelerating our unique seed-to-fork platform." The proposed Business Combination implies a pro forma enterprise value of approximately US$319 million. Consideration will be 100% in the form of rollover shares, and the proposed Business Combination is expected to provide approximately US$44 million of gross proceeds to fund future facility development and working capital. Above Food has already received US$9.5 million of investments from several high-profile strategic and financial investors, including Lexington Capital (an alternative investments and development group focused on food & agriculture, water and real estate) and Grupo Vida (one of the largest oat manufacturers in the Americas with production and facilities in Mexico, Canada and Chile). These investors' financial commitment to Above Food is expected to generate commercial and operational synergies for Above in the years to come. Above Food’s Investment Highlights Above Food is a scaled, innovative food company leveraging its vertically integrated supply chain to deliver differentiated ingredients to ~260 customers globally and consumer products to ~35,000 retail points of distribution. Well-positioned in a high-growth, US$200 billion plant-based market with multiple macroeconomic demand drivers, including food scarcity and insecurity, global supply chain disruption, ESG and sustainability and deepening sector appeal. Above Food’s vertically integrated sourcing, traceability systems, and regenerative supply chain enables a “Seed-to-Fork” platform that supports a complementary portfolio of ingredients and consumer products. Verification of quality and integrity through extensive food safety and food supply certifications, including BRC AA, HACCP, Regenerative Organic Certified (ROC), Gluten Free Certification Organization (GFCO), USDA Organic, Certified Kosher (COR), Vegan, Tested Glyphosate Clean, and Non-GMO Verified. Ownership and control of proprietary seed genetics, and ongoing trait improvements through agronomy, production protocols and natural genetic selection. Established global distribution network and customer contracts drive revenue predictability. Above Food is a high-growth business with projected fiscal year through January 2024 revenue of US$309 million (without giving effect to the Atlantic Natural Foods. Inc. acquisition) representing 44% two year revenue CAGR. Business Combination expected to provide Above Food with approximately US$44 million of gross proceeds, of which US$9.5 million has already been committed, to fund future facility development and working capital. Advisors EarlyBirdCapital is acting as financial advisor and capital markets advisor to Bite. Roth Capital Partners, LLC will act as lead placement agent, and ATB Capital Markets, EarlyBirdCapital and Centurion One Capital will act as placement agents, in connection with a PIPE. Latham & Watkins LLP and Gowling WLG (Canada) LLP are acting as legal counsels to Above Food. Greenberg Traurig LLP and MLT Aikins LLP are acting as legal counsels to Bite. About Above Food Above Food Corp. is a differentiated, regenerative ingredient company that celebrates delicious products made with real nutritious, flavorful ingredients and delivered with transparency. Above Food’s vision is to create a healthier world — one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, Above Food delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food’s consumer products and brands are available online at www.abovefood.com and in leading grocers across Canada and the United States. About Bite Acquisition Corp. Bite Acquisition Corp is a special purpose acquisition company formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Bite is led by Chair and CEO Alberto Ardura and a team of successful industry executives, and venture capital investors who have long track records of operating business in the restaurant and food industries. Cautionary Statement Regarding Forward-Looking Statements Certain statements included in this Press Release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or events that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of Above Food’s and Bite’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Above Food and Bite. These forward-looking statements are subject to a number of risks and uncertainties, including (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) the inability of the parties to successfully or timely consummate the proposed Business Combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company, the expected benefits of the proposed Business Combination or that the approval of the stockholders of Bite or Above Food is not obtained, any of the other conditions to closing are not satisfied or that events or other circumstances give rise to the termination of the business combination agreement relating to the proposed Business Combination; (iii) changes to the structure of the proposed Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining the necessary regulatory approvals; (iv) the ability to meet stock exchange listing standards following the consummation of the proposed Business Combination; (v) the risk that the proposed Business Combination disrupts current plans and operations of Above Food as a result of the announcement and consummation of the proposed Business Combination; (vi) failure to realize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vii) costs related to the proposed Business Combination; (viii) changes in applicable law or regulations; (ix) risks relating to the uncertainty of the projected financial information with respect to Above Food; (x) the outcome of any legal proceedings that may be instituted against Bite or Above Food; (xi) the effects of competition on Above Food’s future business; (xii) the impact of the COVID-19 pandemic on Above Food’s business; (xiii) the ability of Bite or the combined company to issue equity or equity-linked securities or obtain debt financing in connection with the proposed Business Combination or in the future; (xiv) the enforceability of Above Food’s intellectual property rights, including its copyrights, patents, trademarks and trade secrets, and the potential infringement on the intellectual property rights of others; (xv) Above Food’s ability to execute its planned acquisition strategy, including to successfully integrate completed acquisitions and realize anticipated synergies; and (xvi) those factors discussed under the heading “Risk Factors” in Bite's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the SEC on March 11, 2024, the Registration Statement and other documents filed, or to be filed, by Bite and/or New Above Food with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that none of Bite or Above Food presently know or that Bite or Above Food currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Bite’s and Above Food’s expectations, plans or forecasts of future events and views as of the date of this Press Release. Bite and Above Food anticipate that subsequent events and developments may cause Bite’s and Above Food’s assessments to change. However, while Bite and Above Food may elect to update these forward-looking statements at some point in the future, Bite and Above Food specifically disclaim any obligation to do so. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Accordingly, undue reliance should not be placed upon the forward-looking statements. Certain market data information in this Press Release is based on the estimates of Above Food and Bite management. Above Food and Bite obtained the industry, market and competitive position data used throughout this Press Release from internal estimates and research as well as from industry publications and research, surveys and studies conducted by third parties. Above Food and Bite believe their estimates to be accurate as of the date of this Press Release. However, this information may prove to be inaccurate because of the method by which Above Food or Bite obtained some of the data for its estimates or because this information cannot always be verified due to the limits on the availability and reliability of raw data and the voluntary nature of the data gathering process. Important Information This press release does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the proposed Business Combination. Investors and security holders and other interested parties are urged to read the Registration Statement, including any amendments thereto, and any other documents filed with the SEC when they become available, carefully and in their entirety because they will contain important information about Bite, Above Food and the proposed Business Combination. Investors and security holders may obtain free copies of the Registration Statement and the definitive proxy statement to be incorporated by reference therein and filed in connection with the Business Combination (when available) and other documents filed with the SEC by Bite or New Above Food through the website maintained by the SEC at http://www.sec.gov. These documents (when they are available) can also be obtained free of charge from Bite upon written request to Bite by emailing alberto@biteacquisitioncorp.com. The definitive proxy statement will also be mailed to holders of Bite’s common stock in connection with Bite’s solicitation of proxies for the vote by Bite’s stockholders regarding the proposed Business Combination and related matters. Participants in the Solicitation Bite and Above Food and their respective directors and certain of their respective executive officers, other members of management and employees, under SEC rules, may be considered participants in the solicitation of proxies with respect to the proposed Business Combination. Information about the directors and executive officers of Bite is included in Bite’s Annual Report on Form 10-K, filed with the SEC on March 11, 2024, which is available free of charge at the SEC’s website at www.sec.gov. Additional information regarding the participants in the proxy solicitation and a description of their direct interests, by security holdings or otherwise, is set forth in the Registration Statement and other relevant materials to be filed with the SEC regarding the proposed Business Combination by Bite or New Above Food. Stockholders, potential investors and other interested persons should read the Registration Statement carefully before making any voting or investment decisions. These documents, when available, can be obtained free of charge from the sources indicated above. No Offer or Solicitation This communication is for informational purposes only and is not intended to and shall not constitute an offer to sell or exchange, or the solicitation of an offer to sell, exchange, buy or subscribe for any securities or a solicitation of any vote of approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law. Contacts Media: media@abovefood.com Investors: investors@abovefood.com

March 18, 2024 08:00 AM Eastern Daylight Time

Forte Minerals acquires game-changing Altar Project in Peru - PDAC 2024

Forte Minerals Corp.

Forte Minerals Corp (CSE:CUAU, OTCQB:FOMNF) CEO Patrick Elliot tells Proactive's Angela Harmantas that the company, has made a landmark acquisition, solidifying its position in the Peruvian mining sector. During PDAC 2024, Elliot revealed the strategic acquisition of the Altar Project, a gold exploration site adjacent to Barrick's renowned Pierina mine. This move marks a culmination of 12 years of diligent efforts by Forte's project generator, Globetrotters, showcasing their prowess in navigating the competitive landscape and governmental negotiations to secure 100% control of this high-potential area. Discovered in the late '90s by Buena Ventura, the Altar Project's initial explorations indicated significant gold deposits, with the first drilled hole yielding 131 metres of 2.55 grams of gold from the surface. Such findings underscore the site's potential to host a major sulfidation system akin to that exploited by Barrick for over two decades. Elliot's vision for Forte Minerals involves leveraging Peru's underexplored terrains to uncover tier-one assets, bolstered by a top-tier exploration and governance team. The acquisition is not just an addition to Forte's portfolio but a transformational deal set to expedite the company's mission in Peru. Elliot says the strategy involves immediate social engagement and commencement of the permitting process, reflecting a deep commitment to sustainable and cooperative community relations. This approach, inspired by Barrick's longstanding success in the region, aims to replicate such symbiotic partnerships. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 18, 2024 07:57 AM Eastern Daylight Time

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Frontier IP returns to profit with strategic portfolio advances

Frontier IP Group PLC

Frontier IP Group PLC (AIM:FIPP) CEO Neil Crabb discusses the company's interim results in an interview with Proactive's Stephen Gunnion, highlighting a return to profitability and a good performance despite challenging market conditions. The firm reported a profit of £1.4 million in the first half, attributed to the rising value of its portfolio, primarily driven by external fundings. Additionally, the company successfully exited its investment in CNT, realising a substantial return of approximately £14 million from an initial book cost of less than £2,000, demonstrating the potential of its model for long-term shareholder value. The interview also covered the potential IPO of Alusid, a company focused on producing green tiles from recycled materials, indicating significant commercial traction and partnerships, including with Starbucks. This development is seen as pivotal for Alusid's growth and potential market readiness. Furthermore, Crabb outlined the progress and prospects of other portfolio companies, including significant investments in companies like Camgraphic, focused on enhancing photonic performance using graphene, and Pulsiv, which is innovating in power conversion technology. These developments are aimed at addressing the increasing demand for more efficient and scalable technologies across various sectors. Despite the expectation of continued market difficulties, Crabb believes Frontier IP's focus on innovation, cost reduction, and scalability, particularly in manufacturing, positions the company well for future growth. The portfolio's strategy involves leveraging existing infrastructure to expedite market scaling, which is seen as an advantage in the current economic climate. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 18, 2024 07:54 AM Eastern Daylight Time

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NextEnergy Solar Fund unveils significant solar farm energisations and growth prospects

NextEnergy Solar Fund Ltd

NextEnergy Capital Investment Director and UK Legal Counsel Stephen Rosser joins Proactive's Stephen Gunnion with details of NextEnergy Solar Fund's first two international solar co-investments in collaboration with NextPower III ESG (NPIII ESG). Rosser oversees the daily operations of the NextEnergy Solar Fund Ltd (LSE:NESF), a part of the FTSE 250 index, working closely with the CEO, CIO, and the investment committee. NextEnergy Capital recently announced the energisation of two solar farms in Europe, adding to the NextEnergy Solar Fund's installed capacity, now totalling 979 megawatts (MW). These farms are located in Santarém, Portugal (210MW) and Cadiz, Spain (50MW), marking a significant step in diversifying revenues and enhancing the fund's installed capacity. The fund owns a 6.21% stake in Next Power III ESG, a private firm focusing on international solar infrastructure, offering diversification and exposure to growth in international solar markets without fees. Rosser said NextEnergy Solar Fund is poised for further growth, with the impending operation of its largest grid-scale battery in Scotland, anticipated to push its installed capacity over one gigawatt. This milestone will make it the first specialist solar and storage fund to achieve such a feat. Despite trading at a discount to its net asset value, he pointed out that the fund offers one of the highest dividend yields in its peer group, supported by a large portfolio of operational assets. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 18, 2024 07:52 AM Eastern Daylight Time

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