News Release
American Rare Earths helps advancement at Halleck Creek with 13.5 million dollar private placement
American Rare Earths Ltd
American Rare Earths Limited CEO Donald Swartz joined Steve Darling from Proactive to share significant news regarding the company's recent fundraising efforts. American Rare Earths has successfully secured firm commitments for a placement to raise 13.5 million Australian dollars. This placement received strong support from both new and existing institutional, professional, and sophisticated investors, both domestically and offshore. The purpose of this capital raise is to further develop environmentally friendly and cost-effective extraction and processing methods. These methods are crucial to meeting the rapidly increasing demand for resources essential to the clean energy transition and US national security. Swartz emphasized that this funding provides the company with the necessary capital to advance its flagship project, Halleck Creek, towards delivering a secure supply of critical minerals to the North American supply chain. American Rare Earths remains dedicated to achieving its project development milestones with the support of its shareholders. The funds raised will support various activities related to the development of the Halleck Creek Rare Earths Project in Wyoming. These activities include mineral resource and extensional drilling, pre-feasibility studies, metallurgical test work and process development, as well as heritage, permitting, and environmental activities. Overall, this successful capital raise positions American Rare Earths to continue its progress towards becoming a key player in the critical minerals sector, contributing to both environmental sustainability and national security objectives. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com
February 28, 2024 07:25 AM Eastern Standard Time
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News Release
Aclara Resources welcomes key delegation as company secures 100% ownership of Carina Module
Aclara Resources Inc
Aclara Resources Chief Executive Officer Ramon Barua joined Steve Darling from Proactive to share exciting news about the company's recent developments in Chile and Brazil. Aclara recently hosted a delegation from the State of Goiás, Brazil, at its pilot plant in Concepción, Chile. The purpose of the visit was to showcase the environmentally sustainable features of Aclara's patented technology, which is being implemented at the pilot plant. This pilot plant will play a crucial role in the Carina Module project located in Goiás, Brazil. Aclara had previously presented the Carina Module project to the Governor and senior officials of the state of Goiás in October. The piloting of the Carina Module's ionic clays commenced in December 2023 and is expected to be completed by the end of February 2024. During this piloting phase, Aclara aims to produce between 10-15 kilograms of heavy rare earth mixed carbonates. These products will be instrumental in advancing commercial discussions with potential separators, stakeholders in the rare earths value chain, and original equipment manufacturers. Barua also shared with Proctive the company has announced the second tranche of the earn-in agreement has been fulfilled, thus securing 100% ownership of the 8,490 hectares of mining rights comprising the Carina Module. On November 6, 2023, the Company had previously executed the first tranche of the earn-in agreement securing an initial 51% ownership interest. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
February 28, 2024 07:23 AM Eastern Standard Time
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Evergold Corp says Magnetic Survey identifies new large target at DEM Property
Evergold Corp
Evergold Corp's CEO Kevin Keough joined Steve Darling from Proactive to provide and update regarding recent developments on the DEM property in central British Columbia. He announced the completion of a high-resolution heliborne magnetic survey, which revealed a significant new target, designated as DEM2. This newly identified target shares similarities in scale and geophysical characteristics with the DEM1 porphyry prospect. According to Keough, DEM2 is situated approximately 4 kilometers southeast of the DEM1 target, separated by a granitic intrusion. The decision to conduct the survey followed a successful 3-hole reconnaissance drill program carried out late last year on the DEM1 prospect. This program targeted a multi-element geochemical anomaly in soils overlaying strong magnetic, IP chargeability, and resistivity anomalies. The company plans to provide further details on its plans for the 2024 field season, which may include drilling activities to follow up on the results obtained from the previous drill program conducted last fall. This demonstrates Evergold Corp's commitment to advancing exploration efforts and potentially unlocking the mineral potential of the DEM property. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com
February 28, 2024 07:20 AM Eastern Standard Time
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Standard Uranium prepares for drilling program at Atlantic Project in northern Saskatchewan
Standard Uranium Ltd
Standard Uranium President and VP of Exploration Sean Hillacre joined Steve Darling from Proactive to share the company's plans for an aggressive exploration program set to commence in 2024. The program is poised to kick off with the mobilization of crews for the inaugural drill campaign at the 3,061-hectare Atlantic Project located in the prolific eastern Athabasca Basin in northern Saskatchewan. Currently, the Project is under an option agreement with ATCO Mining, which aims to earn a 75% interest in the project. Hillacre outlined that the 2024 drill program is designed to fulfill the first year of minimum exploration expenditures required by the Option agreement. The company plans to drill 2,000 to 3,000 meters across 4 to 6 drill holes, with a focus on targeting high-grade unconformity-related uranium mineralization. One of the key areas of focus for the drill program will be target area A on the Project, where a significant density anomaly coincides with modeled electromagnetic conductors and interpreted faults. Additionally, the program will include follow-up drilling on areas with highly anomalous uranium results and major structural intersections. Overall, Standard Uranium's aggressive exploration program underscores its commitment to advancing the Atlantic Project and unlocking its uranium potential in the highly prospective Athabasca Basin. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com
February 28, 2024 07:17 AM Eastern Standard Time
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RocketFuel Payment Solutions CEO Jensen Predicts Shift to Digital Currencies & Blockchain Globally
RocketFuel Blockchain Inc
RocketFuel Payment Solutuons CEO Peter Jensen joined Steve Darling from Proactive to share insight into a discussion that delved into the evolving landscape of global currencies and the impact of blockchain technology, especially after Bitcoin breached previous highs of $57,000. With a focus on the potential shift away from the dominance of the US dollar, Jensen highlights the growing interest in cryptocurrencies and stable coins for international transactions. He emphasizes the efficiency and security benefits of blockchain, suggesting a future where countries or alliances could adopt their own digital currencies. The conversation explores the strategic implications for businesses and governments, noting the gradual adoption of these technologies worldwide. Jensen's perspective hints at a paradigm shift where crypto adoption may begin outside North America before influencing the region. RocketFuel Inc. remains positioned to leverage these trends, witnessing increasing adoption of digital currencies among businesses. The interview offers valuable insights into the evolving landscape of global finance and technology. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com
February 28, 2024 07:15 AM Eastern Standard Time
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EGR Exploration hits major milestone with drill permits granted on Detour West Project
EGR Exploration Ltd.
EGR Exploration Limited CEO Daniel Rodriguez joined Steve Darling from Proactive to share significant news regarding the company's Detour West Property, as their application for a drilling permit has been approved by the Ontario Ministry of Mines. Rodriguez revealed that the approved permit allows EGR to commence drilling activities aimed at exploring the potential westward extensions of the Detour-Fenelon Gold Trend onto EGR’s Detour West Property, which is adjacent to the Detour Lake Mine Property owned by Agnico Eagle. The company has received approval for the drilling of one hundred and twenty-three Reverse Circulation drill holes, planned to test approximately 30 kilometers of interpreted structural corridors. These drill holes are strategically planned along 16 fences spaced approximately 400 meters apart, with 1 to 2.5 kilometers between fences. Interpretation of geological and magnetic geophysical data has identified five areas of interest, which are the primary targets of the proposed drilling program. The objective of this program is to identify gold-in-till (gold dispersal trains) that may lead to mineralized portions of interpreted shear structures and to gather top-of-bedrock lithological data. This data collection process will aid in creating an accurate geological map in close proximity to the interpreted east-west trending shear structures, potentially representing extensions of the Detour-Fenelon Trend. This approval marks a significant milestone for EGR Exploration Limited, allowing the company to advance its exploration efforts and potentially uncover valuable mineral resources in the Detour West Property area. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
February 28, 2024 07:12 AM Eastern Standard Time
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Fincraft Group head Kenges Rakishev discusses investment strategy; Borealis Foods IPO
Fincraft Group
Fincraft Group head Kenges Rakishev joins Proactive's Stephen Gunnion with more details about the company following the successful IPO of Borealis Foods on NASDAQ through a combination with Fincraft's Oxus Acquisition Corp. Fincraft, a privately-owned Kazakhstan holding company, focuses on investments both within Kazakhstan and internationally, boasting a diverse portfolio that includes mining companies such as Kaznickel, which holds large deposits of nickel and cobalt, and oil and gas production entities. Fincraft Group has also ventured into refinery trading, education by owning private schools, and financial services, including ownership of a significant financial institute and a brokerage company. Rakishev, with a background spanning over 20 years in private business, including investments in the machinery industry, petrochemicals, and real estate, highlighted the opportunities in diverse sectors, especially given the geopolitical risks and the transitional phase of Kazakhstan's transportation system. Kazakhstan, being rich in natural resources and the ninth largest country globally, presents significant investment opportunities in oil, gas, and minerals like nickel and cobalt, crucial for renewable energy technologies. Fincraft is a long-term investor in Kazakhstan, with strategic interests varying based on the sector and opportunity. Rakishev said the listing of Borealis Foods, a food tech company focusing on protein-rich, healthy food products, marks a significant milestone as part of Fincraft's investment strategy. Looking forward, Rakishev is optimistic about the prospects in oil and gas, nickel, cobalt, and the broader Kazakh economy, emphasising the potential in transportation and logistics. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
February 28, 2024 07:10 AM Eastern Standard Time
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HIVE Digital Technologies on green bitcoin mining & AI pivot | Crypto Round-Up
HIVE Digital Technologies
HIVE Digital Technologies, a prominent Bitcoin miner is at the forefront of the Bitcoin mining sector with operations in Sweden and Iceland. Frank Holmes, co-founder and chairman of HIVE, emphasised the role of Bitcoin in the digital financial transformation, highlighting the significant inflows into Bitcoin ETFs such as those from VanEck and BlackRock. Holmes underscored the decentralised nature of the Bitcoin ecosystem, powered by 17,000 nodes worldwide, offering transaction validation at a fraction of traditional banking costs. He discussed the upcoming Bitcoin halving in April, its implications for the mining sector, and Hive's commitment to mining "green coins" using renewable energy sources. Despite challenges from the discontinuation of Intel's ASIC chips for Bitcoin mining, Hive remains innovative, focusing on energy efficiency and high-performance computing (HPC) to pivot towards AI and other high-margin business models. With Ethereum's shift away from mining, Hive is adapting by expanding its AI capabilities and hedging strategies to maintain profitability. Holmes also highlighted Hive's significant Bitcoin holdings and their strategies for managing market volatility. The conversation touched on regulatory perceptions in Sweden and Iceland, Hive's operational efficiencies, and the broader implications of Bitcoin's decentralisation amidst increasing institutional investments. Finally, Holmes shared insights into the current Bitcoin market dynamics and the potential for Bitcoin as a hedge against inflationary pressures, comparing its investment appeal to that of gold. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
February 28, 2024 07:06 AM Eastern Standard Time
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HIVE Digital Technologies secures 1,000 New Energy Efficient Bitmain S21 Antminers to increase HODL
HIVE Digital Technologies
Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive and shared significant updates regarding the company's Bitcoin mining operations. He announced the purchase of 1,000 Bitmain S21 Antminers, which will add 200 petahash per second of high-efficiency Bitcoin mining capacity to the company's operations. The S21 Antminer is recognized as one of the newest and most efficient Bitcoin mining ASIC systems, boasting a remarkable energy efficiency of 17.5 joules per terahash. Additionally, Daubaras disclosed that Hive Digital Technologies has further strengthened its position by accumulating 2,070 Bitcoin on its balance sheet as of February 21, 2024. This proactive approach aligns with the company's strategic preparation for the upcoming Bitcoin Halving event, expected in late April 2024. Rather than expanding its physical footprint, the company has opted to upgrade its mining fleet with the latest and most efficient machines available. This strategic decision aims to lower the average costs of Bitcoin production and enhance operational efficiency. By upgrading to the S21 Antminers, Hive Digital Technologies plans to increase its target Exahash from 5.3 EH/s to 5.5 EH/s by the end of June 2024, leveraging its 140 MW of operating infrastructure globally. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
February 28, 2024 07:04 AM Eastern Standard Time
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