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Harnessing Power: The Influence of Energy Sector ETF XLE in Today's Market

Select Sector SPDR

The Energy Select Sector SPDR Fund ( XLE ), an exchange-traded fund (ETF) focusing on the energy sector, continues to play an important role in today's investment landscape. This ETF seeks to provide investment results that correspond generally to the price and yield performance of publicly traded companies in the Energy Select Sector Index. XLE offers exposure to the largest U.S. energy firms, including those in oil, gas, consumable fuels, and energy equipment and services industries. The fund is a passively managed Sector Energy ETF, making it an attractive choice for investors looking to gain broad exposure to the energy sector without having to invest directly in individual stocks. As a modified market-cap-weighted index of U.S. energy companies in the S&P 500, XLE offers exposure to a basket of U.S. energy firms. This approach provides investors diversified exposure to the energy sector, reducing the risk associated with investing in individual stocks. Key Holdings* of XLE Include: Exxon Mobil Corporation (23.47%) Chevron Corporation (17.02%) ConocoPhillips (9.01%) EOG Resources (4.69%) Schlumberger (4.12%) Marathon Petroleum Corporation (4.07%) Pioneer Natural Resources Co. (3.83%) Phillips 66 (3.75%) Valero Energy Corporation (3.31%) Williams Companies Inc. (2.84%) These holdings represent a balanced mix of companies engaged in different aspects of the energy sector, providing investors with a comprehensive view of the industry. Boasting more than $39 billion in assets and a low total expense ratio of just 0.09%**, XLE offers a convenient gateway to this essential industry. In recent times, global events have impacted and spotlighted the energy sector. The performance and holdings of XLE reflect the broader trends and developments in the energy industry, making it a valuable tool for investors seeking to understand and navigate these complex dynamics. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 4/30/24 subject to change **Ordinary brokerage fees apply DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007474 EXP 6/30/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

May 02, 2024 05:00 AM Eastern Daylight Time

Nick Twidale joins ATFX as Chief Market Analyst

500NewsWire

Sydney, May 1st, 2024 - ( 500NewsWire ) -- ATFX, a leading global online trading broker, is pleased to announce that Nick Twidale has joined the company as Chief Market Analyst for the Australia region. With over two decades of experience in banking and broking, Nick brings a wealth of expertise and leadership to his new role. Nick is a highly recognisable figure in the financial services industry. As the previous APAC CEO for FP Markets, GM for IC Markets and Chief Operating Officer at Rakuten Securities Australia and he solidified his reputation as a Forex Trading and broking industry expert. In addition to his extensive professional experience in the broking space, Nick brings a unique ‘trader eye perspective’ to his insights and commentary honed during his previous 12+ years working on bank FX trading desks. These insights and expertise have gained him significant media exposure across multiple channels over the years, making him an ideal fit to bring the ATFX brand to the Australian region and beyond. At ATFX, Nick will cover market updates and provide commentary through articles and videos from the AEST time zone, enabling traders to make informed decisions from both a fundamental and technical perspective. This exciting addition to the ATFX market analysts team will undoubtedly enhance the platform's market analysis capabilities, ensuring users' well-rounded and comprehensive trading experience. Country Head for ATFX in Australia, Simon Naish said “ I am delighted to welcome Nick to ATFX. His proven track record in producing quality market commentary and analysis can only enhance our global offering, and his appointment marks another significant milestone in our commitment to the region.” The strategic hire of Nick for the APAC region reflects ATFX's commitment to providing the highest level of expertise and support to its clients. The team of 13 experienced analysts in ATFX, including Gonzalo Canete (Global Chief Market Strategist, ATFX UK), Martin Lam (Chief Market Analyst, ATFX Southeast Asia), and Gabi Dahduh (Senior Market Analyst, ATFX MENA), totally cover the Sydney, Tokyo, London, and New York trading sessions. They bring a wealth of knowledge and experience, equipping traders with the cutting-edge tools and insights they need to make wise trading decisions. This new addition is a testament to ATFX's dedication to empowering traders and ensuring their success in the dynamic world of trading. ATFX focuses on delivering world-class customized service to clients, combined with detailed trader education programs and tools. In 2021, ATFX established AT Premier as a premium market research portal for its Middle Eastern clientele that offers top-tier research from major investment banks and prominent market research firms, among other sources. In 2022, to keep its leading competitive edge, ATFX stepped ahead with FinTech, which includes Big Data, Blockchain, and AI. The accurate raw data provision by CRM (Customer Relationship Management) is the key to success in FinTech. With its huge structured data, the algorithm analyses clients’ trading histories and behaviours and predicts the highest possible outcomes through Big Data modelling and analytic tools. Due to the above, ATFX has distinguished itself in recent years. About ATFX ATFX is a leading global fintech broker with a local presence in 22 locations and licenses from regulatory authorities, including the UK's FCA, Cypriot CySEC, UAE's SCA, Australian ASIC, and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide. For further information on ATFX, please visit ATFX website https://www.atfx.com. Contact Details ATFX sales.uk@atfx.com

May 01, 2024 09:00 PM Eastern Daylight Time

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Suvo Strategic sees growth in kaolin sales and strong good progress in geopolymer concrete

Suvo Strategic Minerals Ltd

Suvo Strategic Minerals Ltd (ASX:SUV) interim CEO Bojan Bogunovic and non-executive chairman Aaron Banks joined Proactive's Stephen Gunnion with a rundown of the company's quarterly activities report, highlighting revenue of A$3.1 million for the quarter ended 31 March, 2024, from the sale of 5,321 tonnes of hydrous kaolin. Bogunovic noted that the company, which holds a 95% market share as the only hydrous kaolin producer in Australia, has seen its quarterly sales increase by approximately 800 tons. This growth is largely attributed to the export market, particularly to China and Vietnam, with new customers primarily in the paint, coating, inks, and rubber sectors. Following prepayments from two major customers, which affected cash flow reporting in the last quarter, normal credit operations are expected to resume in the next quarter. Banks discussed the company’s progress in the geopolymer concrete sector, including the signing of non-binding Memorandums of Understanding (MOUs) with Permacast and Dowsing, aiming to convert these into commercial agreements. Suvo Strategic Minerals is also preparing for demonstration trials for a government road infrastructure project in Western Australia, which is expected to showcase the company's low-carbon concrete solutions that significantly reduce CO2 emissions. Contact Details Proactive Australia Pty Ltd Proactive Australia Pty Ltd +61 431 597 771 writers.australia@proactiveinvestors.com

May 01, 2024 07:00 PM Eastern Daylight Time

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Botala Energy makes significant Serowe advancements on path to commercial development

BOTALA ENERGY LTD

Botala Energy Ltd (ASX:BTE) non-executive director Peter Grant sits down with Proactive’s Jonathan Jackson to discuss several milestones passed during the March quarter including the receipt of environmental approval for the commercial development of its Serowe Coal Bed Methane (CBM) project, known as Project Pitse, in Botswana. This marks a significant step in transitioning the project from exploration to production, allowing for the construction of around 100 kilometres of pipeline linking the wellfield to the upcoming Leupane Energy Hub and Industrial Park near Palapye. The company has completed a coring program at the S3-4 well under Project Pitse and has initiated desorption testing of the cores to ascertain the gas content of the coal seams. The outcomes of these tests are crucial as they will help refine resource estimates and enhance the feasibility of the project. Additionally, Botala Energy has completed a geophysical survey aimed at optimally locating three new exploration wells. These wells are planned for drilling in the next two quarters and will explore coal seams to the south and east of Project Pitse, potentially expanding the operational area and increasing the resource base. Grant highlights that these developments significantly de-risk the project and strengthen the company’s position with potential partners. He emphasized Botala Energy’s commitment to sustainable energy development in line with global standards. Looking ahead, Botala Energy remains focused on advancing its flagship Serowe CBM Project along with its renewable energy initiatives. The company has also provided updates on gas desorption testing and technical mapping subsequent to the previous quarter's achievements. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 01, 2024 04:35 PM Eastern Daylight Time

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Far East Gold discovers new porphyry system at Trenggalek Project

FAR EAST GOLD LTD

Far East Gold Ltd (ASX:FEG) joins Jonathan Jackson in the Proactive studio to discuss new findings from ongoing exploration activities at the Trenggalek Copper Gold Project. In conjunction with Eurasian Resources Group (ERG), the companies have identified an additional porphyry-related mineral system at the Ngerdani target area, further expanding the project's potential. The recent updates are supported by reinterpretations of structural and magnetic data, along with recent surface mapping and rock sampling. A key development includes 3D magnetic inversion modelling of historical ERG magnetic survey data which revealed the presence of a deep magnetic body associated with extensive advanced argillic alteration and coincides with high temperature clays, mineralized hydrothermal breccia and elevated molybdenum levels in soil, suggesting the presence of a porphyry system. Historical exploration data from Ngerdani includes significant trench channel sample assays such as 10 metres at 26.38 g/t gold, including 2 metres at 131 g/t, among others. These findings, particularly the high-grade zones, are associated with hydrothermal breccia featuring a black silica-pyrite matrix, indicating the potential scale of the mineral system. The identification of this new porphyry system brings the total number of porphyry-related systems within the Trenggalek IUP to six, with nine specific targets now defined for testing in the planned Phase 1 drill program. Far East Gold plans to continue its assessment of the Ngerdani prospect to define the optimal location for a scout drill hole. This drilling will aim to test the potential for significant porphyry-type mineralisation, building on the promising geological indicators already identified. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 01, 2024 04:30 PM Eastern Daylight Time

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QMines reveals robust financials and growth potential at Mt Chalmers

QMINES LIMITED

QMines Ltd (ASX:QML) executive chairman Andrew Sparke sits down with Jonathan Jackson in the Proactive studio to discuss the company milestone Pre-Feasibility Study (PFS) for its flagship Mt Chalmers project, located 17km north-east of Rockhampton, Queensland. The PFS evaluates the commercial viability of a standalone mining operation focusing exclusively on the Mt Chalmers Resource, with the potential addition of resources from Develin Creek (Sulphide City & Scorpion) and Woods Shaft providing further growth opportunities. The study proposes a three-stage open pit mining operation with an onsite processing plant designed by COMO Engineers to handle one million tonnes of ore per annum (1Mtpa). The processing plant will produce copper/gold, zinc/silver, and pyrite/gold concentrates using standard crushing, grinding, and flotation techniques. The flow sheet accounts for two types of ore material—Volcanic Hosted Massive Sulphide (VHMS) and Stringer material, with a planned throughput composition of 30% VHMS and 70% Stringer. Key financial metrics from the PFS indicate a robust outlook for the Mt Chalmers project: · Capital cost estimate: A$191 million · Initial mine life: 10.4 years · Life of mine revenue: A$1.64 billion · Life of mine free cash flow: A$636 million · Net Present Value (NPV8): $373 million · Internal Rate of Return (IRR): 54% The estimated production for the initial life of the mine includes 65,000 tonnes of copper, 160,000 ounces of gold, 30,600 tonnes of zinc, 1.8 million ounces of silver, and 583,000 tonnes of pyrite. Additionally, a maiden ore reserve of 9.6 million tonnes (Proved and Probable) has been declared. The PFS concludes that the Mt Chalmers project is technically achievable and commercially viable, presenting an opportunity for QMines to establish a significant presence in the critical metals sector. The project’s attractive risk-return profile and clear potential for enhancing returns through production rate increases and life extension further underscore its strategic value. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 01, 2024 04:10 PM Eastern Daylight Time

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Ecolomondo Appoints Gary Economo as CEO, Eliot Sorella to Remain as Executive Chairman

Ecolomondo Corporation

Montreal, QC, May 1, 2024 – TheNewswire – Ecolomondo Corporation (TSXV: ECM) (OTCQB: 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, is pleased to announce the appointment of Mr. Gary Economo as Chief Executive Officer, effective immediately. Mr. Economo is an accomplished senior executive with demonstrated year-after-year success achieving revenue, profit and business-growth objectives within startup, turnaround and changing markets. Mr. Economo is a results-oriented, and dynamic leader with proven success in new market identification, corporate efficiency and strategic positioning for multi-million-dollar private and publicly traded technology, advanced materials, and resource corporations. Mr. Economo has raised substantial capital for companies and brings more than four decades' experience in international finance, mergers, and acquisitions and has a proven track record in driving profitability through innovation, productivity, revenue increases, and cost control. He has also served on several boards of TSX, TSXV and CSE-listed companies. Mr. Eliot Sorella will take on the role of Executive Chairman and retain the position of Chairman of the Board of Directors of the Company. He acquired Ecolomondo when it was still a cleantech R&D project in 2008, he financed its development and commercialization, listed it on the TSX Venture and OTCQB exchanges and help make Ecolomondo one of the global leaders in its industry. As Executive Chairman, Mr. Sorella will focus on the global expansion of the Company while supporting the new CEO in the corporate development and to achieve the Company’s strategic objectives. Concurrent with the appointment of Mr. Economo and subject to the acceptance of the TSX Venture Exchange where applicable, the Company announces the grant of 1,100,000 stock options at a price of $0.165 (the “ Options ”). The Options shall be exercised at the latest on the first-year anniversary of the appointment, and the Options and its underlying common shares will be subject to a hold period of two (2) years from the date hereof. 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.

May 01, 2024 04:00 PM Eastern Daylight Time

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The Media Agency Shift - Genius Monkey’s Assessment

Genius Monkey

Looking back 20 – 25 years ago, you simply could not get your commercial on TV, your ad on a billboard, or mailers sent out to your audience without going through an advertising agency. They were the end-all-be-all for anything you needed in marketing and there really was no other option. But the advertising landscape has changed dramatically in the last couple of decades, thanks in no small part to new technologies and – more recently – a worldwide pandemic that changed how many companies prioritize resources. The media agency is going through a paradigm shift. Here is our assessment of where we are and where we are going. The COVID Effect In 2013, around 58% of marketers had transitioned to in-house agencies in an effort to cut costs and middlemen. When the pandemic hit in 2019, this process accelerated and saw many businesses adopt the in-house method, whether they were ready for it or not. Many companies’ internal teams – which were already understaffed and overworked – quickly began getting overburdened by the immense workload. Agencies that previously had Google experts, GRP buying teams, social media departments and more were now being significantly downsized, sometimes reducing teams to as little as 2-5 people in total. These teams were also generally using self-serve platforms, a supposedly cost-effective solution where the advertiser builds and maintains campaigns themselves. If the team found themselves lacking the expertise needed on certain platforms or ways of buying media, there wasn’t much they could do. Marketing suffered, and many companies found themselves in this situation amid the upheaval of Covid-19. From Self-Serve to Fully-Managed For better or worse, the majority of the industry followed this path. In 2023, a full 82% of marketers had transitioned to an in-house model; today, many teams are now starting to feel the squeeze. They need more efficient tools and all-in-one platforms that can help them do more with less time. Enter the fully-managed platform, where the ad tech companies build and maintain the campaigns for the advertiser. With this methodology switch, advertisers can remain on 15-20+ DSPs/networks in a fraction of the set up and management time, all while having a much more accessible and digestible all-in-one reporting location. Above all, advertisers could make use of the expertise that came with a fully managed platform: a support group they could always come to for help with specific and nuanced marketing questions. Ad placements and programmatic campaigns become a footnote so in-house teams can focus on branding, company voice, and other areas where they are the experts. The Media Agency Shift So where does this leave the media agency? There are things that an agency can do better than anyone; there’s no better partner for brand development, TV GRP buying and more. But in an evolving landscape, agencies also need to adapt if they want to thrive. The best agencies find the best partners and assimilate a team with the expertise to help companies thrive and aggressively pursue their goals. Embracing fully managed platforms is just one example of how agencies can reap the same benefits as the in-house teams with: Full ad coverage with placements on all devices Access to programmatic experts Campaigns supervised by humans instead of an AI. Decreased costs and more efficient workflows. Genius Monkey data alone shows a 19% better cost per conversion on fully managed over self-serve with even better metrics on CPC, CPM and other key data points. Efficiency is the metric of the future, and fully-managed platforms are built to deliver it. The Genius Monkey Difference Of course, not all programmatic platforms are created equal, and finding the right fit is step one to reaping the benefits of modern marketing. Featuring the latest technologies and spanning dozens of networks and DSPs, Genius Monkey is the farthest-reaching platform on the planet, built to track every detail of the customer journey and cut your cost-per-conversion. No matter your audience, no matter your industry, Genius Monkey can help you evolve your marketing to the next level. Get in touch with us today to see how! Contact Details Genius Monkey Travis Champ- Chief Operating Officer Info@geniusmonkey.com Company Website https://geniusmonkey.com/

May 01, 2024 03:49 PM Eastern Daylight Time

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Anson Resources taps into high-grade lithium brine at Green River

Anson Resources Ltd

Anson Resources Ltd (ASX: ASN, OTCQB: ANSNF) CEO and MD Bruce Richardson joins Jonathan Jackson in the Proactive studio to discuss the significant progress at its Green River Lithium Project in the Paradox Basin, south-eastern Utah, USA, with the extraction of supersaturated brine from the Mississippian Units. This development confirms the potential for Green River to become Anson's second lithium project in Utah. The Bosydaba #1 well at Green River, located on newly acquired private property, penetrated the Mississippian Units, which measured over 255.55 metres in thickness and exhibited high pressures of 4,900 psi. The brine, with a density of 9.5 pounds per gallon, flowed into the well from a depth of 10,470 to 11,210 feet and reached up to 600 feet below the surface. Anson's experience from the nearby Paradox Lithium Project has been leveraged to accelerate exploration and mineral delineation at Green River. The high pressure and porosity noted in the Bosydaba #1 well confirm the geological conditions favourable for lithium extraction, similar to those at the Paradox project. Extracted brine samples are being stored in a 400-gallon frac tank and Intermediate Bulk Containers (IBCs) for ongoing process testing and metallurgical work. These samples will be sent to a certified laboratory in Texas for assaying lithium, iodine, bromine, boron and other minerals. Additionally, a 400-barrel tank of brine has been collected for process testing at Anson's Sample Demonstration Plant (SDP), which is fully commissioned with capabilities for lithium extraction and purification. The SDP operates continuously, producing high-purity lithium carbonate for potential offtake partners. The Bosydaba #1 well remains open to allow further brine extraction for ongoing processing needs. Richardson also discusses a cornerstone binding offtake term sheet which provides strong market validation of Anson Resource's Paradox Basin Lithium Project, showcasing its strong presence in the US market. he discusses the terms of the agreement as well as discussions with other potential partners and the timing of this news with the shift in manufacturing investment in the US. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 01, 2024 03:00 PM Eastern Daylight Time

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All Industries

Harnessing Power: The Influence of Energy Sector ETF XLE in Today's Market

Nick Twidale joins ATFX as Chief Market Analyst

Suvo Strategic sees growth in kaolin sales and strong good progress in geopolymer concrete

Botala Energy makes significant Serowe advancements on path to commercial development

Far East Gold discovers new porphyry system at Trenggalek Project

QMines reveals robust financials and growth potential at Mt Chalmers

Ecolomondo Appoints Gary Economo as CEO, Eliot Sorella to Remain as Executive Chairman

The Media Agency Shift - Genius Monkey’s Assessment

Anson Resources taps into high-grade lithium brine at Green River