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Ecolomondo Receives Volume Cap for an US$80 Million Bond from the State of Texas

Ecolomondo Corporation

Montreal, QC – TheNewswire - February 05, 2024 -- Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “ Company ” or “ Ecolomondo ”), a cleantech company that designs, builds, operates and commercializes Thermal Decomposition turnkey plants using its proprietary Thermal Decomposition Process (“ TDP ”) recycling technology,   announces it has received a volume cap for an US$80 million bond from the State of Texas.   The Texas Bond Review Board issued a Certificate of Reservation, which states “The amount of US$80 million is hereby reserved for Shamrock Economic Development Corporation (“ Shamrock EDC ”, the Issuer) to be used for an Exempt Facility Bond (Ecolomondo Project)”.   To promote the sale of the Bond and prepare formal documentation, the Company has secured the services of Ziegler Investment Banking (investment banker), Raftelis Financial Consultants Inc. (financial consultant), Butler Snow LLP (law firm representing the Shamrock EDC), and Parker Poe LLP (law firm representing the Company).   The Company plans to build and operate a six-reactor turnkey TDP facility in Shamrock, Texas. This will be the Company’s first US-based waste-to-resources TDP plant capable of processing and recycling end-of-life tires (“ ELT ”) into saleable recycled commercial resources for re-use. The facility construction is expected to be officially launched by the end of 202 4 with completion expected during 2026. At this time, projected cost to build the Shamrock facility is projected to total approximately US $93 million, however with the experience garnered building the Hawkesbury facility, the Company is confident it can lower the cost to build.   The capital portion of the project is expected to come from a combination of a capital raise, joint venture partners, fixed assets and other considerations.   During the last 3 years, Ecolomondo has been and is still working very closely with the Shamrock Economic Development Corporation (“ Shamrock EDC ”, the issuer of the Private Activity Bond). The Shamrock EDC understands very clearly the local problems caused by scrap tires and the economic and environmental benefits that a 6-Reactor TDP facility will bring to the region.   Crystal Hermesmeyer, Director of the Shamrock EDC, notes that “the Shamrock EDC has tirelessly pursued the arrival of Ecolomondo, demonstrating a steadfast commitment to not only initiating but also nurturing the success of this venture for years to come. For example, through strategic collaboration with and from a subsidy from the Economic Development Administration, the Shamrock EDC spearheaded the implementation of a multi-million dollar infrastructure upgrade, including a new lift station and sewer lines. Additionally, the unwavering support from Wheeler County, exemplified by a ten-year sliding scale abatement, ensures a smooth transition into full-scale operations post-construction with a 100% tax abatement. The City of Shamrock played a pivotal role by facilitating the installation of water lines and fire hydrants, further solidifying the foundation for Ecolomondo's prosperous journey in Shamrock, Texas. Additionally, the Shamrock EDC has facilitated a private activity bond in the amount of US$80 million dollars, making the project highly attractive to investors due to its tax-exempt financing opportunity. The Shamrock EDC has been keenly aware of the pressing environmental issue posed by scrap tire waste in the state of Texas. With the closest disposal facilities located many hundreds of miles away, communities have been burdened with managing this pervasive problem. The Shamrock EDC has actively collaborated with other counties and municipalities in Texas to address this issue, recognizing the shared burden experienced statewide. The prospect of having a sustainable solution to this environmental dilemma is truly remarkable. Moreover, the positive impact this will have on our region and the environment is immeasurable, marking a significant step towards a cleaner, greener future for Texas and its citizens.”   Processing capabilities for the Shamrock facility is projected to be an unprecedented 5.5M per year of end-of-life tires, yielding approximately 35.1M lbs of recovered carbon black, 128,100 barrels of oil, 11.9M lbs of steel, and 10.6M lbs of syngas; roughly three times the size of the Company’s Hawkesbury (Ontario) plant output.   The Company entered last year into a binding land purchase agreement for a 136.76 acre parcel of land on I-40 in Shamrock, Texas, for the proposed plant site. In the binding agreement, the Shamrock Texas EDC has purchased the land and sold it to Ecolomondo for US $1.00 in consideration for selecting Shamrock, TX, as the location for its US launch.   Shamrock Texas Project     The Company, along with the Shamrock EDC, is in advanced discussions with feedstock suppliers of end-of-life tires. The Company is very confident and expects it will secure all feedstock needed to operate a 6-reactor facility in Shamrock county.   In addition, the Company is in final discussions with an EPC contractor to deliver a complete turnkey facility fully built and commissioned.   The Shamrock facility will serve as the Company’s flagship into the US market. Coupled with the production capacity of the Hawkesbury (Ontario) facility, the Company will produce over 21,000 metric tons of rCB per year that will be available to serve the North American market.   Ecolomondo’s strategy is to retain a controlling interest in US-based turnkey TDP facility that it builds through its US holding company, Ecolomondo Corporation U.S.A. Inc., a wholly-owned subsidiary of Ecolomondo Corporation. As with Shamrock, the Company intends to work with local, state and federal authorities to build future TDP turnkey plants throughout the US.   “We have worked for many years to develop and refine our proprietary technology. Ecolomondo now holds some of the most advanced commercially available technology and capacity for processing ELTs, and we are looking forward to this next strategic growth phase” said Eliot Sorella, President and Chief Executive Officer of Ecolomondo. “As Ecolomondo finalizes commercialization of its Hawkesbury (Ontario) TDP facility, the Company is beginning focus on its international growth plans. Ecolomondo’s strategy is to become a full-service TDP facility operator and to be a global manufacturer and vendor of recycled resources: rCB, oil, steel, fibre, and syngas”, added Mr. Sorella.   WEBINAR. The Company will have a webinar on February 8. Click Image To View Full Size   You can register with the following link: https://globalonemedia.zoom.us/webinar/register/WN_26U3-TtdTlO36b2QKUVJGg#/registration   About Ecolomondo Corporation Ecolomondo Corporation is a Canadian cleantech company that prides itself after its proprietary Thermal Decomposition technology TDP which is headquartered in Québec, Canada. It has a 25-year history and during this time has been focused on its development of its technology and the deployment of TDP turnkey facilities. TDP recovers high value re-usable commodities from scrap tire waste, notably rCB, oil, syngas, fiber and steel. Ecolomondo expects to be a leading player in the cleantech space and be an active contributor to the global circular economy. Ecolomondo trades in Canada on the TSX Venture Exchange under the symbol (TSXV:ECM) and in the United States under the symbol (OTCQB:ECLMF). To learn more, visit www.ecolomondo.com   About the Hawkesbury Plant – A 2-Reactor TDP Facility The Hawkesbury facility building is 46,200 sq.ft and has an impressive indoor clearance of 28 feet. It is state-of-the-art and houses 4 main production departments, tire shredding, thermal decomposition, recycled carbon black refining and oil fractionation. Once fully operational, this facility is expected to process 1.3M of scrap tires per year and produce 8.7M lbs of recovered carbon black, 34,608 barrels of oil, 2.9M lbs of steel, and 2.6M lbs of process gas.   About the Shamrock Project – A 6-Reactor TDP Facility Processing capabilities for the Shamrock facility is projected at 5.5M per year of end-of-life tires, yielding approximately 35.1M lbs of recovered carbon black, 128,100 barrels of oil, 11.9M lbs of steel, and 10.6M lbs of syngas; roughly three times the size of the Company’s Hawkesbury (Ontario) plant output. Facility construction is expected to begin by the third quarter of 202 4 with completion expected by the end of the fourth quarter of 2025. Projected cost to build is approximately US $93 million.   Our Mission, Vision & Strategy Ecolomondo’s mission is to be a contributing participant in a dynamic Circular Economy and to increase shareholder value by producing and supplying large quantities of recovered resources to be re-used in the manufacture of new products. Ecolomondo’s vision is to be a leading producer and reseller of recovered resources by building and operating TDP facilities, strategically located in industrialized countries, close to feedstock, labor and offtake clients. Our strategy is to become a major global builder and operator of TDP turnkey facilities, for now specializing in the processing of ELTs. Our intent is to expand aggressively in North America and Europe. Our experience and modular technology should help us get there faster and better. We plan to keep performing ongoing research and development to ensure that Ecolomondo remains technologically advanced. ISCC Certification A confirmation of the Company’s successful process lies in the recent International Sustainability and Carbon Certification (“ISCC”) for its Hawkesbury TDP facility, another step forward that should help improve demand for TDP. ISCC is a Global Sustainability Certification System and offers chain-of-custody certification systems to ensure traceability and feedstock identity, which can add commercial value to the Company’s end-products as they remain traceable in the supply chain.   ISO Certification The Company has obtained ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certification of its Integrated Management System (IMS), which acknowledges Ecolomondo’s commitment for quality, environmental impact and health and safety at work. Environmental, Social & Governance (ESG) On the social aspect the Company plans to measure global health and safety, injury rate and gender diversity, and finally in the corporate governance aspect, the Company is measuring ethics and anticorruption, ESG reporting and board independence. About TDP The TDP process is technically proven and more advanced than most other pyrolysis technologies. Over the years, our Technological teams were able to overcome all uncertainties that plagued most competitors especially in the s e areas: pre-filtration, reactor cooling, reactor rotation, water recycling, processing of rCB, (hydrocarbon removal), mass monitoring, heat curve development, humidity and water removal, safety testing, system automation, emissions control and monitoring. TDP is Environmentally Friendly – CO 2 Reduction By producing rCB, TDP reduces GHG emissions by 90% versus the production o f virgin carbon black. The production of rCB at the Hawkesbury and Shamrock facilities are expected to reduce CO2 emissions by 22,400 and 67,200 tons per year, respectively. Please follow Ecolomondo on Twitter, Facebook, LinkedIn, Instagram and YouTube.         Twitter: https://twitter.com/EcolomondoECM   Facebook: https://www.facebook.com/EcolomondoECM LinkedIn: https://www.linkedin.com/company/ecolomondo/ Instagram: https://www.instagram.com/ecolomondoecm/ YouTube: https://www.youtube.com/@Ecolomondo Ecolomondo Corporation Contact Eliot Sorella Chairman and Chief Executive Officer, Ecolomondo Tel: (450) 587-5999 esorella@ecolomondocorp.com www.ecolomondo.com   Cautionary Note Regarding Forward Looking Statements The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Ecolomondo believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Ecolomondo disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.   Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

February 05, 2024 09:02 AM Eastern Standard Time

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Wormhole Foundation Awards Contributor Grant to Lurk Lab to Bring Trustless Transfers to Wormhole with ZK Proofs

Wormhole Foundation

The Wormhole Foundation, a research and development organization dedicated to cross-blockchain communication, is delighted to announce a Contributor Grant to Lurk Lab. This marks a pivotal advancement in the evolution of the Wormhole platform, which, in collaboration with Lurk’s engineering team, will be incorporating trustless verification of cross-chain messages leveraging ZK (zero-knowledge) technology. Lurk Lab has distinguished itself with its innovative work in the field of zero-knowledge proof (ZKP) technology, particularly through its development of the Arecibo implementation of the Nova folding scheme and the Lurk programming language. Arecibo is the fastest implementation of Nova to-date, and includes advanced extensions for non-uniform IVC and parallelism. The Lurk language is a Turing-complete statically scoped dialect of Lisp, whose execution can be proved using zk-SNARKs and can directly integrate with zkDSLs such as Circom. Lurk allows developers to create succinct proofs that can attest to the correctness of a computation without revealing any other information about the computation, and without requiring specialized cryptographic expertise. Lurk presents a unique and world-class approach to verifiable computing applications​​​​ in that it combines the generality of a zero-knowledge virtual machine with the performance of low-level zero-knowledge circuits. This is crucial for verifiable computing applications which require high levels of security without sacrificing performance or ease of development. The Wormhole protocol currently leverages the industry’s leading message verification system, the decentralized network of 19 Wormhole Guardian nodes. Lurk Lab's involvement in Wormhole's ecosystem now aids in introducing a new verification mechanism for any Wormhole message, leveraging zero knowledge proofs, as outlined in last week’s ZK Roadmap blog post. Lurk will focus initially on light clients for Aptos, Sui and Cosmos, and verifiers for Ethereum, Solana, Cosmos, Aptos, Sui and Near. By leveraging ZK proofs, Wormhole will begin offering new cross-chain corridors fully verified by ZK proofs, thus removing any trust on centralized parties. This integration is expected to greatly benefit decentralized finance (DeFi), non-fungible tokens (NFTs), governance, and various other applications that operate across multiple blockchains. Wormhole Foundation Co-founder and COO, Dan Reecer, said, “the addition of Lurk Lab to the decentralized team of collaborators and the integration of Lurk's zero knowledge proof technology into the Wormhole platform is a major milestone for Wormhole. We are ecstatic to start offering our developer community trustless verification for their messages across several high volume cross-chain corridors," said Reecer. Lurk-based zk-bridges will enable permissionless growth of Wormhole by enabling new platforms such as L1 blockchains to self-integrate into the network in a decentralized fashion.” For inquiries and collaboration opportunities, please reach out to the Wormhole Foundation at hello@wormhole.foundation. About Lurk Lab Lurk Lab, renowned for its Lurk programming language, is at the forefront of zero knowledge proof technology. The Lurk language enables developers to create succinct proofs of computational integrity, significantly advancing the field of general-purpose zero-knowledge proofs. Lurk Lab is now a contributor to the Wormhole protocol. About Wormhole Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more. The wider Wormhole network is trusted and used by teams like Circle and Uniswap, and to date, the platform has facilitated the transfer of over 35 billion dollars through over 900 millions cross-chain messages. To learn more about Wormhole, visit the wormhole website, Twitter, Discord, or blog. Contact Details Ditto PR Wahaj Khan +1 630-935-7684 wahaj@dittopr.co

February 05, 2024 09:00 AM Eastern Standard Time

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Speak And Be Saved: App Detects Heart Failure Weeks Before Attack

OurCrowd

By Jeremy Ruden “The puppy sat on the ship.” That was one of five potentially life-saving sentences that heart patients spoke into their smartphones during a US trial for HearO, the groundbreaking app that detects signs of congestive heart failure (CHF) simply by monitoring a person’s voice. Created by startup Cordio Medical, the system’s artificial intelligence algorithms detect voice changes that indicate fluid accumulation in the lungs before any symptoms surface. When changes are noticed, the system alerts the patient’s doctor of an imminent risk that might require medication, IV therapy or hospitalization, allowing intervention before the condition deteriorates. The company is currently raising a funding round via OurCrowd, the Jerusalem-based investment platform that allows accredited investors to access privately held startups. In trials, the HearO app successfully predicted heart failure in 81% of cases, about three weeks before heart failure actually occurs, giving physicians time to intervene and scale back expensive and traumatic hospitalizations. The condition develops when the heart muscle is too weak to pump all the blood the body needs. Fluid builds up in the extremities and lungs as a result. “This approach has the potential to reduce acute decompensated heart failure hospitalizations and improve patient quality of life and economic outcomes,” says William T. Abraham, MD, of Ohio State University Wexner Medical Center in Columbus, who reported the trial findings at the 2023 Scientific Sessions of the American Heart Association. The app functions by having patients record a baseline of phrases when their lungs are clear, then repeat them daily so algorithms can detect any changes. Saving lives With over 26 million people in the Western world suffering from CHF, the need to monitor patients is growing quickly. About half are at high risk of a fatal incident within five years of diagnosis. CHF patients generally require timely, personalized medical attention to avoid episodes that demand immediate medical care or hospitalization. Prevalence of CHF in the US alone is projected to increase by nearly 50% by 2030, while direct medical costs – predominantly hospitalization – are forecast to more than double between 2012 and 2030. The annual burden of CHF on the US healthcare system is some $18 billion. “The holy grail” of the heart failure monitoring industry “is to find a solution that will help a patient know in advance when they’re deteriorating so they can change their diuretics and hopefully avoid hospitalization,” says Tamir Tal, CEO of Cordio Medical. In the long run, Cordio plans to use the technology to detect other conditions such as chronic obstructive pulmonary disease, Tal says. The company is initially targeting heart failure, which frequently causes patients to return to the hospital for lengthy, expensive stays. “Speech carries a lot of personal information about us. When you talk to your mom, just one sentence is enough for her to know how you feel,” says Tal. “We might not be giving the same kind of support as a parent, but we are using speech to give the physician something they can objectively use to determine a patient’s medical condition, helping them avoid serious health episodes.” AstraZeneca partnership In the US, Cordio Medical’s DETECT-HF pivotal study is fully operative, with data collected from dozens of patients in 38 centers. As a result of the clinical collaborations with the centers, the company has already received commercial interest from participants. This extensive collaboration with renowned medical centers has the potential to establish a smooth pathway for future commercial traction. Some of the largest US providers and payers are among the members of the pivotal steering committee, a further sign of their faith in HearO’s clinical significance and business potential. In Europe, Cordio found a partner in pharma giant AstraZeneca. In Q3 2023, the two companies began a second pilot program in Spain at the General Hospital of Valencia in conjunction with the Valencian Society of Cardiology. The first ongoing pilot is being conducted at Bellvitge University Hospital. “AstraZeneca is committed to advancing digital tools to diagnose, monitor and treat high-impact pathologies such as heart failure,” says César Velasco, director of Innovation and Digital Strategy at AstraZeneca. “Thanks to the collaboration across Spanish hospitals and health professionals, we are closer to making life-saving digital health tools a reality for millions with chronic diseases. FDA approval The HearO system received a prestigious and coveted Breakthrough Device designation from the FDA, with approval for the CHF indication forecast in Q1 2025, around 6 months after the company is expected to complete and publish the data from the US pilot. In the EU, Cordio obtained the CE certificate for HearO’s software application. The system was also approved by the Israeli Health Ministry. Cordio has several key investors including Peregrin, Ceros, Aegis Capital and Super-Pharm. They are all participating in the company’s current SAFE, which is available to accredited investors via OurCrowd. For more information about investing in Cordio Medical via OurCrowd, click HERE. OurCrowd was started in 2013, driven by the idea that the business of building startups grows bigger and better when the global ‘crowd’ gains access to VC-level investment opportunities.Today, OurCrowd is a global venture and alternative investing platform that empowers institutions and individuals to invest and engage in emerging companies. OurCrowd vets and selects companies, invests its capital, and provides its global network with unparalleled access to co-invest and contribute connections, talent and deal flow. OurCrowd builds value for its portfolio companies throughout their lifecycles, providing mentorship, recruiting industry advisors, navigating follow-on rounds and creating growth opportunities through its network of multinational partnerships. Contact Details Lisa Graston lisa.graston@ourcrowd.com Company Website http://www.ourcrowd.com

February 05, 2024 08:45 AM Eastern Standard Time

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Bitget's Protection Fund Report in Jan 2024

Bitget

VICTORIA, Seychelles, 2024 February 5 — Bitget, the world's leading cryptocurrency exchange and Web3 company, released its Protection Fund Valuation Report for January 2024. The report shows the fund achieved its highest-ever average monthly value of over $415 million and reached an all-time-high value of over $ 442 million on January 9, underscoring Bitget's commitment to user protection. Bitget's Protection Fund stands out as a sizable user protection mechanism within the crypto space. Maintaining one of the largest self-insured funds in the industry builds confidence for users by supplying an added layer of security. The fund helps shield crypto assets from threats like hacks, frauds and outsized market movements. Bitget's Protection Fund operates independently with a self-funded model, providing agile protection capabilities without external constraints. As the fund is autonomous, it can rapidly deploy resources as needed to cover user assets in the event of security incidents, market volatility, or other coverage events. This independent approach ensures Bitget users have strong protective support that is not dependent on external regulations, policies, or approvals which could introduce inefficiencies or delays in critical situations. The self-funded nature of the Protection Fund represents a considerable strength and security advantage for Bitget's user community. To further increase its stability and liquidity against external factors, the fund encompasses a diversified portfolio of high-liquidity cryptocurrencies such as BTC, USDT, and USDC. For the month of January, Bitget's Protection Fund maintained stable growth as per market movements and BTC price surge, reaching an all-time-high value of over $ 442 million on January 9. Bitget Protection Fund Valuation Status in January 2024: Highest value: $442 million (Jan 9) Lowest value: $393 million (Jan 23) Average value: $415 million “Bitget is focused on better serving users and protecting their interests through a robust ecosystem of products and expertise. While security remains a top priority for us, what truly sets us apart is our absolute commitment to user protection. We aim to assure people with their crypto by safeguarding their assets and championing their well-being through every market condition,” said Gracy Chen, Managing Director at Bitget. Bitget's commitment to transparency goes beyond the Protection Fund Valuation report. The exchange has consistently offered verifiable Proof of Reserves data, providing users with additional confidence in the security of their assets. Bitget continues to grant users unrestricted access to comprehensive fund information, including publicly available wallet addresses. For more detailed information, please visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Contact Details Bitget Macey Bluebell media@bitget.com

February 05, 2024 08:42 AM Eastern Standard Time

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Stria Lithium announces the acquisition of twelve mineral claims within the lithium rich Abitibi region of Quebec coined Project Jeremiah

Stria Lithium Inc.

Ottawa, ON – TheNewswire - February 05, 2024 - Stria Lithium Inc. (TSXV:SRA) (“Stria” or the “Company”) is pleased to announce that it has successfully optioned 12 titles totalling 683 hectares in the lithium rich Abitibi region.  Stria’s successful 100% optioning of the property is an exciting opportunity to follow up on a recently discovered spodumene-bearing pegmatite, considered a genuine lithium-cesium-tantalum-bearing (“LCT”) pegmatite, exposed in the center of the property, which returned 0.54% Li2O (2500 ppm Li) from a grab sample.   Project Jeremiah titles are strategically located at the periphery of the Archean-aged La Motte Batholith, straddling its northern contact with the Deguisier mafic volcanic formation and the sediments of the Caste Formation. The La Corne Batholith, believed to be similar in age to the La Motte Batholith, is considered to be the source of the lithium pegmatite currently mined by Sayona Mining at their North American Lithium Complex Mine, 22 km east of Jeremiah, as well as their Authier project, 11 km to the southwest. All the numerous lithium occurrences in this area are located at the fringe of this intrusive, where the last differentiated magmas, such as lithium pegmatite, are injected.   The property acquisition is made up of 12 titles of which 3 titles are between 5-8 km west of the main claims. In total the titles make up for 683 hectares that are conveniently located near the village of St-Mathieu d'Harricana, and easily accessible through private forestry roads. Fortunately, all the title holders surface rights are controlled by private landholders and the local Abitibi Regional County Municipality. Stria is planning to excavate the occurrence and to do channel sampling to evaluate the potential as early as this March once agreements with landowner are completed and permits are granted.   Dean Hanisch, CEO of Stria Lithium, said: "We are very pleased to have the opportunity of acquiring this property which is strategically located in a prolific area near the first and only lithium producing mine in Québec. The area is mining-friendly and conveniently located in regard to access and infrastructure. Stria intends to aggressively pursue its evaluation in the near term."   “After rising quickly and exponentially, the world market price of lithium has pulled back as it looks to find its long-term value. Current market conditions present us with a good opportunity to evaluate and acquire compelling projects at reasonable terms in North America. The governments of Canada and the USA have spent billions of dollars attracting the biggest car and battery players in the world to set up here on order to gain autonomy and reduce their dependence on foreign owned supply.   These companies receive highly attractive subsidies for using “local” critical minerals like lithium, so naturally there will be great demand and thus a decoupling of lithium prices geographically. I think this will become abundantly clear to both investors and the public so we will push forward as the key is always to buy low and maximize value at higher prices.”      Transaction Details The latest mineral property acquisitions named Project Jeremiah are being financed entirely from Stria’s cash reserves. Stria has purchased the following claims as follows ($CAD):  Claims (Private Stakeholder)   Phase I: 12 mineral claims totalling  683 hectares Payment of $35,000 on closing Stria’s investment of at least $250,000 in work on the property within 14 months of closing.   On or before 14 months, at Stria’s option to proceed…    Phase II:                            Payment of $110,000 worth of common shares of Stria                            Register a 2% NSR with a 1% buy back of 1 million dollars   Click Image To View Full Size   About Stria Lithium Stria Lithium (TSX-V: SRA) is an emerging resource exploration company developing Canadian lithium reserves to meet legislated demand for electric vehicles and their rechargeable lithium-ion batteries.   Stria’s Central Pontax Lithium Project covers 36 square kilometres, including 8 km of strike along the prospective Chambois Greenstone Belt. The region, known as the Canadian “Lithium Triangle,” is one of only a few known sources of lithium available for hard rock mining in North America.   Stria’s Pontax Central Project Joint Venture with Cygnus Metals now has a maiden JORC-compliant inferred mineral resource estimate (MRE) of 10.1Mt at 1.04% Li 2 O based on the central area of the known mineralisation.   This JORC estimate establishes Pontax Central as a significant occurrence in the emerging James Bay lithium region. Cygnus Metals, being an ASX issuer, adhered to Australian JORC Code 2012 guidelines, meaning that such mineral resource estimate is not necessarily compliant with CIM and National Instrument NI 43-101 standards and the Company is not considering them as such at this time.   Cygnus Metals is committed to fully funding and managing the current two-stage exploration and drilling program to a maximum of $10 million at Stria’s Pontax property and will also pay Stria up to $6 million in cash. In return, Cygnus may acquire up to a 70% interest in the property. Cygnus has fulfilled its stage 1 requirements within the agreement and has now earned its 51% interest in the property. Stria’s other significant project, Pontax II covers 55 square kilometres, approximately 25 km to the west-south-west of Pontax Central and is located adjacent to the Billy-Diamond paved highway.  Stria has added to this project by recently acquiring 24 claims, for 1276.5 hectares that are strategically located northeast of Stria’s Pontax II claims. Stria Lithium previously reported highly anomalous tantalum oxide grain counts in till samples up to 797 grains, the highest count ever recorded by the laboratory. The Pontax II grain counts stand at the 97.6 centile of the regional population with an average of 156 grains per sample as a comparative basis, a regional survey in the same area conducted by the Ministère de l’Énergie et des Ressources Naturelles du Québec, processed a total of 5950 tantalum oxide grains yielding an average count of 36 grains per samples. The conclusion being the grain counts are suggestive of the proximity of lithium bearing pegmatites. Pontax II claims are in highly active prospective zones, situated to the west southwest of Stria/Cygnus lithium discovery and situated to the west of the Patriot Battery Metals (PMET.V) Pontax project, and south of Brunswick Exploration (BRW.V). Stria’s Pontax properties are both situated close to an industrial powerline and a major paved highway, about 310 km north of the North American rail network that leads to the industrial heartland.   Stria’s newest project resides within the Abitibi region of Quebec and is called Project Jeremiah. The Jeremiah project consists of 12 titles for a total 683 hectares.   Stria’s successful 100% optioning of the property was acquired because of a recently discovered spodumene-bearing pegmatite, considered a genuine LCT pegmatite reported in the outcrop in the center of the property, which returned 0.54% Li2O (2500 ppm Li) from a grab sample.   The property is conveniently located near the village of St-Mathieu d'Harricana, and easily accessible through private forestry roads. Three more claims, isolated between 5 and 8 km to the west are also included in the land package.   Project Jeremiah is strategically located at the periphery of the LaMotte Batholith, straddling its northern contact with the Deguisier mafic volcanic formation and the sediments of the Caste Formation. The La Corne Batholith is considered as related to the source of the lithium pegmatite currently mined by Sayona Mining at their North American Lithium Mine, 22 km east of Jeremiah, as well as their Authier project, 11 km to the southwest. All the numerous lithium occurrences in this area are located at the fringe of this intrusive, where the last differentiated magmas, such as lithium pegmatite, are injected.   The Project Jeremiah properties surface rights are fortunately held with private landholders and a municipality.   As momentum builds for the green energy revolution and the shift to electric vehicles, governments in Canada and the U.S. are aggressively supporting the North American lithium industry, presenting the industry and its investors with a rare, if not unprecedented, opportunity for growth and prosperity well into the next decade and beyond.   Stria is committed to exceeding the industry’s environmental, social and governance standards. A critical part of that commitment is forging meaningful, enduring and mutually beneficial relationships with the James Bay Cree Nation (Eeyouch), and engaging openly and respectfully as neighbours and collaborators in this exciting project that has the potential to create lasting jobs and prosperity for Eeyou Istchee and its people.   The scientific and technical content disclosed herein was reviewed and approved by Réjean Girard, P.Geo and president of IOS Services Geoscientifiques Inc, a qualified person as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects.   For more information about Stria Lithium and the Pontax Lithium project, please visit https://strialithium.com Follow us on: Twitter @StriaLithium   Instagram @strialithium   Facebook http://www.facebook.com/strialithium   LinkedIn http://www.linkedin.com/company/stria-lithium/     For more information on Stria Lithium Inc., please contact: Dean Hanisch CEO Stria Lithium dhanisch@strialithium.com +1(613) 612-6060   Investors Relations, Stria Lithium Inc. ir@strialithium.com   Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this release.   Cautionary Note Regarding Forward-Looking Information   Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.   Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Please refer to the risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.   The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

February 05, 2024 08:30 AM Eastern Standard Time

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Striking A Balance: Sustainable Phosphate Practices For A Growing World Population

Arianne Phosphate

By Faith Ashmore, Benzinga Phosphate plays a crucial role in ensuring global food security. As an essential nutrient, phosphate is a key component of fertilizers, which are fundamental in enhancing crop productivity. Phosphorus is responsible for promoting root development, aiding in seed production and supporting overall plant growth. Without an adequate supply of phosphate, plants would struggle to obtain the necessary energy for crucial metabolic processes. The efficient management and use of phosphate resources are critical to maintaining a sustainable agricultural system, ensuring that future generations have long-term access to an essential nutrient for food production. However, the current state of phosphate usage and production is being criticized by global experts. Phosphate is undeniably essential for global food security, but the need for sustainable phosphate usage has become even more critical. The current state of the global phosphorus cycle presents a dilemma and an opportunity. In certain regions, excessive amounts of phosphorus are being added to soils to support food production, which can lead to run-off into water bodies such as lakes and rivers, causing excessive algae growth in coastal ecosystems. On the other hand, there are areas where farmers are facing challenges in accessing enough phosphorus to meet the increasing food demand. This situation is made even more complicated by unsustainable mining practices, which have drawn their own share of criticism. With the global population continuously growing, it is imperative to re-map the phosphorus cycle on a global scale. This re-mapping process aims to ensure that sufficient food can be provided for everyone while simultaneously reducing the costly environmental damage caused by nutrient pollution and questionable mining practices. By adopting sustainable phosphorus usage practices, the international community can strike a balance between meeting food production needs and preserving the health of our ecosystems, thereby achieving long-term food security. A recent report calls on governments across the world to adopt a "50, 50, 50" policy: a 50% reduction in global pollution of phosphorus and a simultaneous 50% increase in recycling of the nutrient by the year 2050. This will require other phosphate mining projects to help produce and work ethically to ensure the resource is equitably distributed. The projections compiled by the Food and Agriculture Organization (FAO) showcase that we will need to produce 60% more food by 2050 to feed a growing global population of 9.3 billion. Continuing with a business-as-usual approach to agriculture would put an enormous strain on already limited natural resources. The need for more phosphate companies that are committed to sustainable practices cannot be understated. Companies like Arianne Phosphate Inc. (OTCMKTS: DRRSF), a promising phosphate mining company, are among the very few in North America that can respond to the growing demand for phosphate and are committed to sustainability. The company’s Lac à Paul project in Quebec is a response to a growing global demand for phosphate for fertilizer, which is increasing by 2% to 3% each year. Arianne has a world-class mining project, and the company reports it is the single largest greenfield deposit of phosphate. One major edge Arianne has is the deposit is igneous – which allows it to produce a high-purity/low-contaminant concentrate which compares very favorably to phosphate housed in sedimentary rock. This rare geological setting allows Arianne to produce a finished phosphate concentrate that is amongst the purest in the world and ideal for use in batteries and fertilizer. But beyond quality phosphate, Arianne also boasts strong community support and adheres to stricter environmental, social and corporate standards. For North American companies that want their suppliers to align with their social agendas, Arianne is a perfect partner. Hydroelectricity – a clean, green, renewable energy source – will provide 75% of all energy required for the Lac à Paul project. Arianne also has followed a greenhouse gas emissions accounting program since 2010 to help reduce its ecological footprint. The company is committed to being as carbon-neutral as possible. Meeting the increased global food demands projected by the FAO by 2050 will require significant usage of phosphate. Sustainability initiatives such as ethical phosphate mining, precision farming, management of value chains and adoption of green fertilizer technologies will be a cornerstone in striking a balance between meeting the increasing food demand and utilizing phosphate and other natural resources sustainably. ARIANNE PHOSPHATE INC. ( www.arianne-inc.com ) owns the Lac à Paul phosphate deposit in Quebec, Canada. Fully permitted and shovel ready, the asset is among the world’s largest greenfield deposits, capable of producing an environmentally friendly phosphate concentrate. Due to the nature of its high-purity, low-contaminant product, Arianne’s phosphate can be used to produce fertilizer as well as meeting the technical requirements of specialty applications such as the lithium-iron-phosphate (LFP) battery. The Lac à Paul deposit is rare due to its geographic location and geological structure. Arianne Phosphate is listed on both the TSX-V: DAN and the OTCQX: DRRSF. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. This information contains forward looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralisation and reserves, exploration results and future plans and objectives of Arianne Phosphate Inc, are forward-looking statements that involve various risks and uncertainties. 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. Important factors that could cause actual results to differ materially from Arianne Phosphate Inc’s (“Arianne Phosphate” or the “Company”) expectations are disclosed under the heading "Risk Factors" and elsewhere in Arianne Phosphate Inc’s documents filed from time-to-time with the TSX Venture and other regulatory authorities. Contact Details Brian Ostroff, President brian.ostroff@arianne-inc.com Company Website https://www.arianne-inc.com

February 05, 2024 08:30 AM Eastern Standard Time

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HTX Lunar New Year Celebration: Join the Activities to Reap Million-dollar Rewards

HTX

2024 is destined to be a spectacular year for the crypto industry. There has been an observed enhancement in the overall economic situation and emerging innovations within the crypto sphere. These trends suggest an anticipation for the imminent arrival of a new bullish market cycle. Narratives surrounding cryptocurrencies have become increasingly diverse and enriched, fueled by a confluence of favorable factors. These include the anticipation of interest rate cuts by the Federal Reserve, the approval of Bitcoin spot ETFs, the Bitcoin halving, Ethereum's Cancun upgrade, and the emergence of numerous new sectors and concepts within the crypto space. To thank the new and existing users of HTX for their companionship and support for the platform and HTX DAO and to welcome the new crypto cycle, HTX is launching the Lunar New Year Celebrations! Reward yourself on HTX! It features a series of special promotions such as $HTX spot trading, PrimePool, Shark Fin, and Mars Program. Users will have the opportunity to gain rewards by participating in these events. For event details, please click the link: https://www.htx.com/support/en-us/detail/44961434771431 Event 1: Join the $HTX Spot Trading Contest to Share in a 20,000 USDT Prize Pool According to HTX's official announcement, the $HTX Trading Contest has started. The event is from 14:00 (UTC) on February 2 to 14:00 (UTC) on February 9. Throughout the event period, users who visit the event page on any given day will be automatically enrolled in the event, and their transaction amounts during the event period will be calculated. Participants who trade $HTX spot trading pairs are eligible to share the 12,800,000,000 $HTX (worth 20,000 USDT) prize pool based on their spot trading volumes. They can win up to 1,280,000,000 $HTX. *Announcement link: https://www.htx.com.co/support/en-us/detail/54961094188096 Event 2: HTX's PrimePool #16: Lock TRX to Share 10 million SAROS According to HTX's official announcement, the sixteenth round of PrimePool commenced on January 29. Participants will have the chance to share in a prize pool of 10,000,000 SAROS by locking their TRX. According to the announcement, from 12:00 (UTC) on January 29 to 12:00 (UTC) on February 12, users who lock a minimum of 2,500 TRX for at least one hour will be eligible for rewards. * Announcement link: https://www.htx.com/support/en-us/detail/54960761520577 Event 3: Win up to 10 Billion $HTX in HTX Futures' Epic Airdrop According to HTX's official announcement, HTX Futures launched the Epic Airdrop of 100 billion HTX tokens on January 25. Participants in trading can receive up to 10 billion $HTX and unlock more benefits. In addition, a limited-time extra offer for Lunar New Year is available. Participants can register for the event and receive a random airdrop of a 3-day valid futures trial bonus worth 1 to 88 USDT. According to the announcement, the event is from 10:00 (UTC) on January 25 to 15:59 (UTC) on February 23. See below for details: 1. The first 38,888 new futures users completing trades of 1,000 USDT will be eligible to receive one million $HTX on a first-come, first-served basis. 2. Participants in futures trading can receive up to 5 billion $HTX in airdrop if their cumulative trading volume (including that of copy trading) of USDT-M futures reaches the following requirements. The total prize pool is 240 billion $HTX, which will be shared in proportion to individual trading volumes within the tier. 3. Win up to 3 billion $HTX by depositing to the futures account and meeting the requirements. Users need to click Register Now to participate in the event. * Announcement link: https://www.htx.com/support/en-us/detail/74960406694081 Event 4: Win 1,000 USDT at the Ace Lead Trader Contest According to HTX's official announcement, the HTX Ace Lead Trader Contest has officially commenced. This contest gathers lead traders on HTX's futures copy trading achieving notable PnL percentages, significant earnings, and substantial increases in copy trading followers. They will compete for rewards of up to 1,000 USDT and HTX's traffic support. *View details: https://futures.htx.com/en-us/futures/copy_trading/home/ Event 5: Triple Rewards Await: Join HTX's Copy Trading this Chinese Lunar New Year for a Share of 70,000 USDT According to HTX's official announcement, HTX's Copy Trading for this Chinese Lunar New Year has started. Join the contest for a chance to win a share of 70,000 USDT in futures trial bonuses by following our lead traders. Additionally, newcomers to HTX Copy Trading will receive additional rewards. According to the announcement, the event is from 10:00 (UTC) on February 4 to 10:00 (UTC) on February 25. See below for details: 1. During the event, participants new to HTX's Copy Trading will receive a 10 USDT trial bonus through a net deposit of at least 50 USDT to their Copy Trading accounts and completing their first copied trade of any amount. 2. Followers engaging in copied trades and reaching a margin of at least 100 USDT for copy trading will become eligible to share the total prize pool of 50,000 USDT based on the proportion of the volume of their copied trades; 3. During the event, followers who rank in the top 10 based on their total PnL achieved in copied trades will be eligible to share an additional prize pool of 2,000 USDT. The champion will be awarded a 30% share of the prize pool. * Announcement link: https://www.htx.com.co/support/en-us/detail/74960925310688 Event 6: Shark Fin 3/7-Day Term Products Open for Subscription with APY of up to over 40% According to HTX's official announcement, HTX Earn will launch Shark Fin products for subscription every Monday and Thursday at 12:00 (UTC). The new round of Shark Fin products is ready for subscription. The 3-day term products will be available for subscription starting from 12:00 (UTC) on February 5, 2024, and the settlement time is on February 9. The maximum APY is 37.98%. The 7-day term products will be available for subscription starting from 12:00 (UTC) on February 8, and the settlement time is on February 16. The maximum APY is 47.22%. * Visit the product page for details: https://www.htx.com/en-us/financial/earn/?type=limit&currentProjectType=11 Event 7: $HTX Referral Carnival: Invite Friends to Trade and Share 32 Billion $HTX According to HTX's official announcement, in celebration of the listing of the $HTX, HTX is excited to roll out a referral carnival. Users can invite friends to trade $HTX to have the chance to share a prize pool of 32 billion $HTX. According to the announcement, the event is from 12:00 (UTC) on February 3, 2024, to 15:59 (UTC) on February 19, 2024. See below for details: 1. During the event, the first 888 new users are eligible to share the 3.2 Billion $HTX Airdrop, provided that they sign up via a referral link and register for this event. Each eligible participant can receive a reward ranging from 640,000 $HTX to 32,050,000 $HTX; 2. During the event, invitees will receive an additional commission of up to 30% based on the $HTX trading volume of their referred friends. (The maximum commission percentage during the event will reach up to 60%). * Announcement link: https://www.htx.com.co/support/en-us/detail/74960924786520 Event 8: Invite Friends to Unlock Mystery Boxes Each Worth up to 1,500 USDT in the Lunar New Year Giveaway According to HTX's official announcement, the "Lunar New Year Giveaway: Unlock Mystery Boxes Each Worth up to 1,500 USDT" event has commenced. According to the announcement, participants will receive three Mystery Boxes, and invitees will receive two Mystery Boxes every time participants make a referral, and the invitees log in to the HTX app within 14 days of signup and trade at least 200 USDT in spot trading or at least 300 USDT in futures trading. Each Mystery Box contains cryptocurrencies worth up to 1,500 USDT. You may discover popular cryptos such as BTC, ETH, HTX, and more. Rewards for this event grow as participants invite more, with no cap! Event details: https://www.htx.com/microapps/en-us/double-invite-retail/h5 Event 9: Hold $HTX to Share 20,000 USDT in 100% Margin Interest Vouchers According to HTX's official announcement, HTX Margin is excited to present an amazing promotion where users can hold $HTX to share a prize pool of 100% Margin Interest Vouchers worth 20,000 USDT. The event is from 12:00 (UTC) on February 2, 2024, to 12:00 (UTC) on February 15, with the snapshot taken for users with $HTX holdings at 12:00 (UTC) on February 15. This event offers a total of 5,000 100% Margin Interest Vouchers on a first-come, first-served basis. Each eligible participant will receive a 100% Margin Interest Voucher worth up to 20 USDT based on the quantity of their $HTX holdings. * Announcement link: https://www.htx.com.co/support/en-us/detail/44961095316177 Event 10: Win Triple Rewards at HTX DAO × HTX Mars Program #6 According to HTX's official announcement, HTX officially launched the 6th round of the Mars Program on January 31 at 12:00 (UTC). According to the announcement, the task period is from 12:00 (UTC) on January 31 to 15:59 (UTC) on February 21. The space NFT minting period is from 12:00 (UTC) on January 31 to 15:59 (UTC) on February 26. The prize drawing time is 12:00 (UTC) on February 28. Lucky users from this round enjoy triple rewards. The prize package includes the eligibility of a space traveler candidate, a round-trip experience on a private jet, and 6,000,000,000 $HTX tokens. Additionally, each successful NFT minting grants users one platform lottery chance. * Announcement link: https://www.htx.com.co/support/en-us/detail/74960933688342 Event 11: Lunar New Year Affiliate Special: Trade Designated Cryptos to Share an $HTX Prize Pool Worth $30,000 According to HTX's official announcement, the Trade to Win $HTX event is from 16:00 (UTC) on February 6, 2024, to 15:59 (UTC) on February 17, 2024. Participants engaged in spot trading or futures trading with designated cryptos like BTC, ETH, SOL, ADA, LTC, FIL, TRX, WIN, and JST will have the chance to share in an HTX prize pool worth $30,000 and potentially earn up to $4,000 in HTX tokens. This event is exclusively open to HTX Affiliates and users referred by them. Participants are required to click Register Now to enroll in the event. * Announcement link: https://www.htx.com/support/en-us/detail/54961364999235 Event 12: Complete P2P Tasks to Win New Year Rewards and Share a Prize Pool of 50,000 USDT According to HTX's official announcement, participants completing P2P tasks during 16:00 (UTC) on January 30 and 15:59 (UTC) on February 17 can claim Lunar New Year benefits and share a prize pool worth 50,000 USDT based on their fortune points. According to the announcement, there are three ways to obtain fortune points: Users can earn one fortune point for daily P2P deposits of 100 USDT or more; by inviting friends for P2P transactions, both inviters and invitees can get one fortune point for each transaction completed; in addition, new users completing P2P deposits of 100 USDT or more on the day of the registration can earn additional one fortune point. Fortune points can be accumulated. The more the fortune points, the more the rewards. The prize pool includes TROLL, RATS, and SATS tokens, worth 50,000 USDT in total. At the end of the campaign, the prize pool will be distributed according to the proportion of the fortune points obtained to the fortune points obtained by all users. Furthermore, the top 15 users with the highest cumulative P2P deposits during the event period will have a chance to win a special prize, a 500ml bottle of Moutai Feitian. *Announcement link: https://www.htx.com.co/support/zh-tc/detail/104960910076622 Event 13: Lunar New Year HTX Fiat Promo: Use Quick Trade and Split 10,000 USDT According to HTX's official announcement, HTX Fiat will launch a New Year celebration tailored for users from China's Hong Kong and Taiwan. By using the Quick Trade feature of HTX Fiat, users will be eligible to share a prize pool of 10,000 USDT. According to the announcement, the event is from 02:00 (UTC) on February 7, 2024, to 14:00 (UTC) on February 21, 2024. Specifically, it includes two activities: 1. The top 5 users with the highest trading volume in Quick Trade will share a prize pool of 5,000 USDT. The event will last 15 days, and a total of 75 users will have the opportunity to share in the prize pool; 2. The first 1,000 users who complete their Quick Trade orders during the event will become eligible to share a prize pool of 5,000 USDT in the form of cashback vouchers. * Announcement link: https://www.htx.com.co/support/en-us/detail/74961178881742 2024 has arrived. As HTX joins HTX DAO ecosystem builders and the crypto market picks up steam, in this new competitive cycle, HTX is set for a revival and to reintroduce itself to the market with a focus on liberating from constraints through community governance and decentralization. It has demonstrated a stronger competitive edge. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

February 05, 2024 08:24 AM Eastern Standard Time

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Kodiak Finance Raises $2M Seed Round

Kodiak

Kodiak is thrilled to announce the close of its $2 million seed financing round to develop Berachain’s native liquidity hub. The funding will further enable them to increase the pace at which they scale Kodiak and allow them to continue delivering cutting-edge trading products native to Berachain. The Kodiak contributors consist of seasoned builders and enthusiasts with diverse backgrounds in DeFi and infrastructure as developers, venture capitalists, and, notably, as prior founders. Their collective journey began approximately seven months ago, fueled by a shared passion to innovate and push the boundaries within the DEX landscape. With an open-ended vision, they set out on this endeavor, driven by the excitement of enhancing Berachain’s growth and user experience. Joining their development includes their investors: Build-a-Bera, Amber Group, Shima Capital, No Limit Holdings, Ouroboros Capital, Baboon VC, dao5, ODA Capital, Kenetic, Dewhales Capital, Tenzor Capital, Lotus Capital, Owl Ventures, nonce Classic, 3Commas Capital, Wizards Capital, Credo, Blocmates, DoraHacks, Moni, and their valued angels, including Gainzy, Altcoin Sherpa, NaniXBT, Mckenna (Arete Capital), Mr.Block (Curve), Evan Luthra, Ken (Mechanism), Marc (Mechanism), Jerd (Agnostic), Soby (Xai Games), Jani (0xHoneyJar), John Fiorelli (Kenetic), Kirby Ong, Joyce (GCR), and many others who have joined hands to support and contribute to their project. Kodiak would also like to give a shout-out to the Berachain Foundation and, more specifically, the Build-a-Bera accelerator. When Kodiak started this journey and joined Build-a-Bera, they were unsure what to expect as they were the guinea pigs of the first cohort. However, without Berachain's support, Kodiak would be nowhere close to where they are now. Whether it’s through weekly office hours, in-person working sessions, or even hopping on ad-hoc calls, the Build-a-Bera team has been phenomenal with support on fundraising, strategic direction, business development, product, and marketing. About Kodiak Kodiak is a foundational building block for liquidity on Berachain — an innovative DEX that combines concentrated liquidity and automated liquidity management. Their product suite is designed to provide traders with the best trading experience and simplify concentrated liquidity provisioning for liquidity providers and protocols. By integrating the following DEX layers, they offer a full suite of trading and liquidity solutions: Decentralized Exchange (Kodiak DEX) Automated Liquidity Manager (Kodiak Islands) Integrated Incentive Layer (Sweetened Islands) No-Code Token Deployer Factory (Panda Factory) In the following weeks, they will open up their Discord server to the public and release their public testnet. Make sure to turn on Twitter post notifications for the most up-to-date information on Kodiak. 2024 is the year of the Bera, Ooga Booga. Kodiak is currently not live. Users should be cautious of scams. Kodiak's Twitter is the only source of accurate information! Website | Twitter | Medium Contact Details Kodiak Contributors Kodiak Teaem berarodman@kodiak.finance

February 05, 2024 08:05 AM Eastern Standard Time

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Comcast Expanding Network in Minnesota

Comcast Twin Cities

Comcast announces expansions of its smart, fast, reliable fiber-rich network to seven new cities in Minnesota by the end of 2024. The cities of Corcoran, Cologne, Nowthen, and parts of Grant, Hugo, Rogers and Stillwater Township will see 5x-10x faster upload speeds and smoother connections with the Xfinity Network. The 2024 planned expansion is part of the company’s nationwide rollout of multi-gig Internet speeds and adds to Comcast’s ongoing $473 million investment across Minnesota over the last three years. The new planned expansions fulfill a need for fast, reliable, secure broadband service across the state. In June 2023, Comcast completed an expansion to more than 2,300 homes and businesses in the City of Wayzata. Area businesses enjoy broadband speeds of up to 100 Gbps and speeds faster than 1 gigabit per second for residents over standard connections in the home. By the end of 2024 Comcast will also expand into Cologne and extend its network into Nowthen, Corcoran, and throughout parts of Rogers, Grant, Hugo and Stillwater Township with funding support from the State of Minnesota’s Border-to-Border Broadband program. “Access to reliable, high-speed broadband is a powerful driver of economic growth and development in our community,” said Corcoran Mayor Tom McKee. “Internet access is at the center of our modern lives and the quality of those lives will be greatly enhanced thanks to the partnership with Comcast, Hennepin County and the Minnesota Office of Broadband. Together we will be bringing broadband to nearly 500 unserved homes and businesses in Corcoran.” These locations will have the foundational next-generation network in place to begin deploying DOCSIS 4.0, setting the stage for the introduction of new symmetrical multi-gigabit Internet options that will enhance performance across Comcast’s existing networks. “The Internet has increasingly become the epicenter of our existence, influencing many aspects of our lives, and people and businesses are consuming more data,” said Kalyn Hove, Senior Vice President, Comcast Midwest Region. “We are building a future of unlimited possibilities in the Twin Cities and across the Midwest. These expansions, plus planned networks enhancements, will service nearly 14,000 additional homes.” Powered by Xfinity Comcast’s network and Internet experience are powering homes and businesses today and into the future: Ultimate Capacity: Xfinity customers connect more than 1 billion devices across the company’s network annually. With the next-generation Xfinity gateways we deliver the most advanced WiFi technology carrying three times more bandwidth to power streaming, gaming, videoconferencing, and more, simultaneously. Fastest Internet: More than a third of Xfinity Internet customers subscribe to gigabit speed products. Recently, Comcast connected the first customers in the world to a DOCSIS 4.0 connection, delivering symmetrical gig speeds over existing connections in customers’ homes with plans to continue to rollout these speeds across the country, including the Twin Cities, over the coming years. Unprecedented Coverage: The latest Xfinity Gateway provides a more reliable connection throughout the home. Customers can get wall-to-wall WiFi coverage with a powerful WiFi Boost Pod that extends coverage to hard-to-reach areas of the home. Most Reliable Connection: Comcast is scaling the nation’s largest and most reliable network that passes 62 million homes and business and counting. The company launched Storm-Ready WiFi, a new device that comes powered with cellular and battery backup to help keep customers connected even when the power goes out. Ultra-Low Latency: The Xfinity Network and the latest Xfinity Gateway are a powerful combination that deliver ultra-low latency for those moments when response times matter most like video games, a fast-growing category with Xfinity households averaging more than one gaming console per home. The Xfinity Network is also self-monitoring and uses AI to detect potential problems before they arise, delivering a reliable connection that is up and running in customers’ homes 99% of the time. Visit Xfinity to learn more and sign up for these exciting new products. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Jill Hornbacher +1 651-425-1695 Jill_Hornbacher@comcast.com Company Website https://midwest.comcast.com/

February 05, 2024 07:00 AM Central Standard Time

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