News Release
U.S. Gold Corp Chairman Luke Norman discusses CK Gold Project's promising prospects in Wyoming
US Gold Corp
U.S. Gold Chairman Luke Norman joined Steve Darling from Proactive to discuss the company's CK Gold Project in Wyoming, emphasizing its strategic significance amid evolving market dynamics. With a focus on gold and copper, the project stands to benefit from increasing demand for critical minerals, especially in green energy technology. Norman highlighted the project's substantial economic potential, underscored by rising metal prices and promising mineral reserves. Environmental impact studies have been completed, positioning the project for advanced permitting stages. Notably, the CK Goldmine's positive local economic impact and potential for post-production water storage further enhance its value proposition. Looking ahead to 2024, Norman anticipates significant progress, emphasizing the project's pivotal role in U.S. Gold Corp's growth trajectory. US Gold Corp is a U.S.-focused gold exploration and development company advancing high-potential projects in Wyoming, Nevada and Idaho. The company's projects include the CK Gold Project in Southeast Wyoming, the district-scale Keystone Project on the Cortez and Carlin Trends in Nevada and the Challis Gold Project in Idaho Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com
February 12, 2024 08:44 AM Eastern Standard Time
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Sonoro Gold Corp announce raise as company look to accelerate drilling at Cerro Caliche
Sonoro Gold Corp
Sonoro Gold Corp CEO Kenneth MacLeod joined Steve Darling from Proactive to discuss the company conducting a private placement with the aim of raising up to 1,000,000 dollars. The funds raised through this offering will be used to support the ongoing development of the company's Cerro Caliche gold project in Sonora, Mexico. MacLeod explained that the company is accelerating its drilling efforts at Cerro Caliche to make the most of the time available before the project receives approval for its Environmental Impact Statement. The upcoming drilling campaign is designed for expansion and will initially focus on the western mineralized zones where the company plans to commence mining operations. Additionally, the drilling campaign will target the northern mineralized zones to potentially increase and upgrade the resource and the central mineralized zones to potentially increase the pit shell resource and reduce the strip ratio. This proactive approach aims to further advance the Cerro Caliche project and unlock its full potential. Contact Details Proactive Canada Proactive Canada +1 604-688-8158 action@proactiveinvestors.com
February 12, 2024 08:26 AM Eastern Standard Time
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Building on success of first marketing campaign, 1606 Corp launches second one with Cannasite
1606 Corp.
1606 Corp CEO Greg Lambrect discussed the company's innovative marketing campaign in collaboration with its ISO partner, Cannasite, in an interview with Steve Darling from Proactive. The campaign is designed to engage Cannasite's extensive network of over 300 clients through targeted outreach, including email and calls. Following the success of their December marketing initiative for ChatCBDW with Cool Blue Distribution, Lambrect emphasized that the new campaign with Cannasite comes with higher expectations. The primary goal of the campaign is to expand the reach within the online brand community and solidify ChatCBDW's position as a pivotal tool in revolutionizing customer service and sales processes. Cannasite, a leading provider of web design and digital marketing services in the cannabis industry, has a strong client base and significant industry connections. Their partnership with 1606 Corp aims to revolutionize the AI merchandising landscape in the cannabis sector. Contact Details Proactive Canada Proactive Canada +1 604-688-8158 action@proactiveinvestors.com
February 12, 2024 08:22 AM Eastern Standard Time
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News Release
Poolbeg Pharma says research confirms $10B plus opportunity for POLB 001 in cancer immunotherapies
Poolbeg Pharma PLC
Poolbeg Pharma Plc chief business officer David Allmond joined Proactive's Stephen Gunnion with details of independent research that confirms the massive market potential for Poolbeg's POLP 001 in cancer immunotherapies. This asset is being explored for its ability to potentially prevent or treat cytokine release syndrome (CRS), a significant side effect of cancer immunotherapies. With the cancer immunotherapy market expected to reach $140 billion by 2030, POLB 001 presents an over $10 billion opportunity if successful. Additionally, Allmond elaborated on Poolbeg's increasing emphasis on rare and orphan diseases, leveraging its ongoing programs in influenza with POLB 001, obesity, metabolic conditions, and AI-driven discovery for novel targets. The company is actively considering strategies to acquire near-stage commercial or in-market products in this high unmet need, limited competition sector. This approach aligns with Poolbeg's evolution towards a commercial-stage organization, aiming to generate revenue and continue its growth trajectory. Furthermore, Allmond explained how POLB 001 fits into the rare orphan disease space, given its potential applications in orphan cancers where immunotherapies have shown success. Poolbeg's strategic pivot towards rare and orphan diseases complements its existing portfolio, aiming for a dual-track growth strategy focusing on both its current programs and commercial opportunities in the rare and orphan disease market. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
February 12, 2024 08:03 AM Eastern Standard Time
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Touchstone Exploration says drilling results at Cascadura-2 well represent a great start to 2024
Touchstone Exploration Inc
Touchstone Exploration CEO Paul Baay shared an optimistic update about the company's recent activities, particularly highlighting the positive results from the drilling at the Cascadura-2 well and broader operational advancements. The well, initially aimed to reach 8,300 feet, was concluded at 7,132 feet due to encountering thick gas-charged sands earlier than expected. This outcome aligns with the company's strategy and signifies the commencement of a new growth phase, leveraging the infrastructure such as facilities and pipelines they have developed over the past years. Baay said the significance of these results lies not just in the immediate production potential but also in the confirmation of gas presence east of the original discovery, indicating an extended area for further exploration and development. This finding is pivotal for Touchstone's growth, suggesting a promising future with more wells planned for development between the newfound points and further explorations to the east and north. In addition to the Cascadura-2 well, Baay mentioned efforts to optimize production at existing sites, including the Cascadura-1 and CO-1 blocks. These optimizations involve perforating additional sections in wells to enhance production rates, a process they are carefully managing to ensure stable and reliable data before public reporting. This approach of cautious optimization and strategic drilling, including moving rigs to new locations for further exploration, points towards a holistic strategy aimed at maximizing resource extraction efficiently and sustainably. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
February 12, 2024 07:58 AM Eastern Standard Time
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HANetf says Royal Mint Responsibly Sourced Physical Gold ETC now comprises over 50% recycled metal
HANetf Holdings Limited
HANetf head of research Tom Bailey tells Proactive's Stephen Gunnion the Royal Mint Responsibly Sourced Physical Gold ETC (exchange-traded commodity) has achieved a notable milestone in eco-friendly investment. Over 50% of the gold backing the ETC is now sourced from 100% recycled materials. Bailey said this was the first gold ETC to incorporate recycled gold, appealing significantly to investors keen on sustainability and concerned about the environmental impact of gold mining. The introduction of recycled gold into the fund is a response to the growing demand for environmentally responsible investment options, as recycled gold is approximately 90% less carbon-intensive compared to mined gold. The shift not only addresses the environmental concerns associated with gold mining's significant carbon footprint but also aligns with broader industry trends towards sustainability, evidenced by companies like Apple and Pandora transitioning towards the use of recycled gold. The move has been positively received, with the ETC experiencing strong asset under management (AUM) growth, indicating a clear preference among investors for more sustainable investment vehicles. Bailey also discussed gold's appeal as a hedge against inflation and volatility in a diversified portfolio. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
February 12, 2024 07:55 AM Eastern Standard Time
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Premier African Minerals says new MRE supports potential for Zulu lithium project in Zimbabwe
Premier African Minerals Ltd
Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) chief executive George Roach joined Proactive's Stephen Gunnion with details of a new mineral resources estimate (MRE) for the company's Zulu lithium and tantalum project in Zimbabwe. Roach explained that the fresh estimate focuses solely on the zones currently being mined, excluding extension areas within their extensive prospecting order. He expressed optimism about the potential for future expansion and the ongoing exploration efforts aimed at both deepening and elevating the resource into the indicated category. Currently, the project boasts significant reserves, with 170,000 tonnes of lithium and over 1,000 tonnes of tantalum, underscoring the standalone potential of the Zulu project and its lithium sulphate plant. The company is concentrating on spodumene concentrate production, a valuable lithium source, with an estimated recovery of 1.7 to 1.8 million tonnes from its deposits. This volume significantly exceeds the plant's current processing capacity, suggesting a robust future for the project. Looking ahead, Premier African Minerals is focused on producing high-grade spodumene to command premium pricing in the market. The project also harbors potential for extracting other valuable minerals like tantalum, high-purity quartz, and feldspar, laying the groundwork for a multifaceted expansion strategy. Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
February 12, 2024 07:52 AM Eastern Standard Time
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Alpha FMC says strong pipeline will support growth into 2025 and beyond
Alpha Financial Markets Consulting PLC
Alpha Financial Markets Consulting PLC CEO Luc Baqué and chief financial officer John Paton join Proactive's Stephen Gunnion with details of the company's current performance and future outlook. Amid a competitive global consulting market, Baqué told Proactive that Alpha anticipates a net free income growth of up to 5% for the fiscal year ending March 31, 2024, with improved margins from the first half and utilization levels nearing targets in the second half, albeit recovering slower than expected. The company enters the fourth quarter with a strong pipeline, signaling an optimistic sales trend and utilization close to desired levels. Regionally, Paton said North America has shown resilience, with utilization levels bouncing back strongly, contributing significantly as a key strategic market. The UK faces more competitive challenges, with utilization not yet at target levels, but still entering the final quarter with a promising pipeline. Europe, particularly in the French insurance sector, and the APAC region are also performing well, with the latter setting a new record pipeline, positioning Alpha for a strong start to the new financial year. Looking forward, Alpha expects the current market challenges to be short-term, forecasting incremental growth, improved utilization, and margins through FY25. With a strong pipeline, recent sales wins, and a robust balance sheet, Alpha is confident in its medium to long-term growth prospects, aligning with its ambition to double the business by 2028. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
February 12, 2024 07:49 AM Eastern Standard Time
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Deltic Energy says new farm-out deal for Selene well is transformative
Deltic Energy PLC
Deltic Energy PLC CEO Graham Swindells joined Proactive's Stephen Gunnion with details of a transformative farm-out deal for its upcoming Selene exploration well in the North Sea with Dana Petroleum. The deal sees Dana taking 25% and join the Shell-operated venture. Swindells said the collaboration is pivotal, as Dana, backed by the Korean National Oil Company, brings a wealth of experience and a successful track record in exploration, particularly in the southern North Sea. Its involvement not only validates the potential of the prospects for Selene but also leverages its expertise in similar operational fields. Selene, the largest unappraised structure in its class within the southern North Sea, boasts significant prospective resources estimated at 318 BCF, equating to over 50 million barrels of oil, with a high 70% chance of success, reflecting its low-risk, high-reward nature. Swindells noted that progress on the Selene prospect is advancing smoothly, with site surveys completed and drilling schedules confirmed, setting a thrilling exploration timeline for July, followed by the company's Pensacola well. Moreover, Deltic is actively progressing the farm-out process for Pensacola, indicating a robust interest level and ongoing discussions for potential partnerships. Looking ahead, Deltic anticipates a busy year with further updates on drilling, licensing rounds, and portfolio expansion, aiming to significantly enhance shareholder value through strategic exploration and operational excellence. Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
February 12, 2024 07:46 AM Eastern Standard Time
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