News Release
Hive Digital Technologies' Strategic Alliance with NVIDIA: A Leap Towards Digital Transformation
HIVE Digital Technologies
Hive Digital technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to share details about the company's engagement with NVIDIA, a pivotal player in the GPU market, particularly in Ethereum mining and the broader digital transformation landscape. Holmes highlighted Hive's substantial investments in NVIDIA's powerful GPU chips, initially for mining Ethereum and other cryptocurrencies. However, the company has now pivoted towards building ultra-high-performance computing systems. This strategic shift has elevated Hive to a platinum buyer status of NVIDIA's H100 GPUs, indicating the strong relationship between the two firms. Beyond the commercial relationship, Holmes emphasized the broader impact of NVIDIA's technology across various sectors, drawing parallels between attending NVIDIA's event and Warren Buffett's Annual Meetings. NVIDIA's trillion-dollar valuation and the unprecedented computational power of its GPUs are seen as transformative for industries worldwide. Holmes advocated for the rapid adoption of such technologies, including GPT chat, to streamline business operations. Regarding Hive's performance, Holmes expressed optimism, particularly in Bitcoin mining, which has seen substantial gains amid Bitcoin's price surge. With over 2,100 Bitcoins on its balance sheet, Hive anticipates further growth, especially with its focus on green energy and preparation for Bitcoin's halving event. This strategic positioning is expected to strengthen Hive's standing in both the Bitcoin mining and AI sectors, with significant developments like Amazon's acquisition of a nuclear reactor for electricity highlighting the evolving dynamics in data center operations. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
April 02, 2024 01:00 PM Eastern Daylight Time
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News Release
Xalles announces subsidiary CashX partners with Fluid Tech to enhance Virtual Gift Cards
Xalles Holdings
Xalles Holdings subsidiary CashX CEO Stephen Combe joined Steve Darling from Proactive to announce an exciting partnership between the company's subsidiary, CashXAI, and Fluid Tech, a pioneer in virtual gift card technology and advertising platforms. This collaboration aims to revolutionize financial services by introducing virtual Gift Cards to CashX users. Combe explained to Proactive that through this partnership, CashX users now have the opportunity to purchase and send Fluid Tech's V-Cards, offering a unique and personalized way to gift. These virtual gift cards can be redeemed for a diverse range of nationally recognized brands, providing recipients with unparalleled convenience and choice. Furthermore, the initiative supports cause marketing by enabling a percentage of V-Card proceeds to be donated to charity, enhancing the social impact of every transaction. In addition to enhancing the gifting experience, the collaboration introduces a significant advertising platform to CashX's ecosystem. The platform features content from prominent companies such as P&G, Pepsi/Coke, and others, enriching the CashX service offering. This partnership not only benefits CashX users by providing access to a wider array of gift options but also opens new revenue streams for participating companies and merchants through increased visibility and engagement. Overall, the partnership between CashXAI and Fluid Tech represents a strategic move to enhance the financial services offered by CashX while providing users with innovative gifting solutions. By leveraging virtual Gift Cards and integrating a robust advertising platform, CashX is well-positioned to deliver value to both users and participating businesses, fostering growth and driving engagement within its ecosystem. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
April 02, 2024 12:58 PM Eastern Daylight Time
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Coniagas Battery Metals secures new key ground with focus on copper-nickel-cobalt-platinum
Coniagas Battery Metals
Coniagas Battery Metals CEO Frank Basa joined Steve Darling from Proactive to announce the company's strategic acquisition of key ground near SOQUEM’s Cardinal Property, located 80 km southeast of Chibougamau, Quebec. This acquisition underscores Coniagas’ commitment to capitalizing on high-grade copper-nickel-cobalt-platinum group element deposits in the region. Basa explained to Proactive that Coniagas has staked a total of 28.3 square kilometers of ground in multiple packages, with the new package containing 531 claims covering 28,397 hectares. This newly acquired property package, named Dartagnan, is strategically located with highway access to the southern part and a network of logging roads providing access to other areas. Additionally, Dartagnan South benefits from a power corridor leading to Chibougamau. By strategically staking ground adjacent to SOQUEM’s Cardinal Property, Coniagas has capitalized on local prospectors’ expertise and regional geological data, including magnetic features and lake sediment samples with anomalous base metals. This proactive approach underscores Coniagas’ dedication to identifying and securing promising exploration targets with the potential for significant mineralization. The acquisition of the Dartagnan property represents a significant milestone for Coniagas Battery Metals as it expands its footprint in a highly prospective mining region. With access to key infrastructure and leveraging geological data, the company is well-positioned to advance exploration efforts and unlock the potential of the Dartagnan property. In summary, Coniagas Battery Metals' strategic acquisition underscores its commitment to exploration and development in the Chibougamau region. The Dartagnan property presents exciting opportunities for the company to identify and develop high-grade copper-nickel-cobalt-platinum group element deposits, further enhancing its position in the battery metals sector. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
April 02, 2024 12:53 PM Eastern Daylight Time
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ARway.ai announces multiple new SaaS developer contracts in both the United States and Chile
ARway.ai
ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to announce multiple new SaaS developer sign-ups for its augmented reality experience platform, focusing on AR indoor navigation. These partnerships represent significant milestones in ARway’s mission to revolutionize human interaction with physical spaces through augmented reality. Gappelberg explained that La Casa de Juana, a pioneering real estate platform based in Chile, has signed up for ARway's developer plan. La Casa de Juana specializes in offering comprehensive online services for evaluating and booking rental property tours. By leveraging ARway’s cutting-edge technology, they aim to prototype and introduce augmented reality real estate tours, enhancing their services and user experience. In addition, Navigine, a global provider of hardware-based indoor navigation and wayfinding software, headquartered in New York and Berlin, has joined forces with ARway. Navigine’s expertise in utilizing WiFi and Bluetooth technologies, along with its blue dot technology, offers indoor navigation experiences. With Navigine's specialization in indoor navigation through hardware and beacons, covering over 3,000 unique facilities, their collaboration with ARway signifies a significant advancement in providing innovative indoor navigation solutions to users worldwide. These partnerships underscore ARway’s commitment to expanding its capabilities and global reach, enabling augmented reality integration into everyday applications and revolutionizing the way people interact with physical spaces. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com
April 02, 2024 12:51 PM Eastern Daylight Time
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Accelerating New Molecule Discovery: Rakovina Therapeutics AI Integration
Rakovina Therapeutics Inc
Rakovina Therapeutics President and Chief Science Officer Mads Daugaard and Dr. Art Cherkasov from the Vancouver Prostate Centre and UBC joined Steve Darling from Proactive to unveil an exciting collaboration agreement between Rakovina and Dr. Artem Cherkasov, granting exclusive access to the proprietary Deep Docking AI Platform for DNA-damage response targets. Dr. Cherkasov, who was appointed to Rakovina's scientific advisory board in November 2023, brings unparalleled expertise to the table. The collaboration aims to leverage the cutting-edge capabilities of the Deep Docking AI Platform, powered by advanced AI algorithms, to revolutionize the discovery and development of targeted cancer drugs. By harnessing the power of AI-driven molecular analysis, Rakovina can rapidly evaluate billions of molecular structures to identify potential candidates for targeted cancer therapy. This innovative approach enables the team to focus on DNA-damage response-related vulnerabilities, which are prevalent across various types of cancer. The Deep Docking AI Platform plays a pivotal role in this process, facilitating the rapid screening of billions of drug candidates against validated DNA-damage response targets. Through predictive modeling, the platform can assess safety, efficacy, and pharmaceutical properties, enabling Rakovina to prioritize the most promising candidates for further validation. With access to the Deep Docking AI Platform, Rakovina can expedite the drug discovery process, accelerating the transition from preclinical research to human clinical trials and potential pharmaceutical partnerships. By combining AI-driven molecular analysis with established R&D infrastructure, Rakovina aims to spearhead the development of innovative therapies that target critical vulnerabilities in cancer cells. This collaboration underscores Rakovina's commitment to advancing precision medicine and delivering groundbreaking therapies to patients in need. With the support of Dr. Cherkasov and the cutting-edge capabilities of the Deep Docking AI Platform, Rakovina is poised to make significant strides in the fight against cancer, offering hope to millions of individuals affected by this devastating disease. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
April 02, 2024 12:49 PM Eastern Daylight Time
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Cloud DX Achieves nearly 100 % Contract Renewals worth 1.5 million in revenue
Cloud DX
Cloud DX CEO Robert Kaul joined Steve Darling from Proactive to unveil some exciting developments as the company aims for a 100% renewal rate among its clients whose contracts are expiring in the first quarter of 2024. As of the current date, 11 out of 14 potential renewals have been secured, with the remaining 3 expected to follow suit. Cloud DX specializes in executing contracts with various healthcare providers, offering Connected Health Kits that include approved medical devices and customized tablet computers. These kits are prescribed to patients for chronic care management, post-surgical recovery, remote rehabilitation, or palliative care purposes. Kaul highlighted the diverse range of clients renewing their contracts in the first quarter, including Canadian hospitals, primary care clinics in Alberta, family health teams in Ontario, community paramedic services in Ontario, the Canadian Lung Health Foundation, and a Canadian Provincial health ministry. These clients collectively enrolled approximately 2,900 unique patients in 2023. With the renewal of these contracts, Cloud DX has received orders for Connected Health Kits valued at $96,000 CAD.Furthermore, recurring subscription revenues from these contracts are projected to increase to $575,000 CAD per year, amounting to a total contract value of $1.5 million CAD by December 31, 2025. It's worth noting that Cloud DX maintains a robust gross margin of approximately 77%, as indicated in the company's most recent Financial Statements. Overall, these developments underscore Cloud DX's commitment to advancing healthcare through innovative technology solutions, while also solidifying its position as a leader in the industry. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
April 02, 2024 12:46 PM Eastern Daylight Time
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Ramp Metals Launches Drilling Program in Pursuit of High-Grade Nickel in Saskatchewan
Ramp Metals Inc
Ramp Metals CEO Jordan Black joined Steve Darling from Proactive to introduce the company to the public domain and share exciting developments in the mining industry. With a background as a geotechnical engineer and experience in venture capital, including a notable role in taking GoldSpot public, Black has positioned Ramp Metals as a significant player in exploration, particularly focusing on nickel. In the interview with Proactive, Black highlighted the company's primary project, the Rottenstone Southwest property, located approximately 30 kilometers from the historical high-yield Rottenstone mine in Saskatchewan, renowned for its nickel production. Inspired by the success of the historical mine, Ramp Metals is committed to further exploration in this area, aiming to uncover additional high-grade nickel deposits. Preliminary geophysical surveys, notably a Time-Domain Electromagnetic (TDEM) survey, have revealed promising conductors and a magnetic structure reminiscent of significant discoveries in Australia. This discovery has garnered the attention of advisor Mark Bennett. Building on these promising findings, the company has initiated a 2000-meter drilling program, with over half already completed, targeting a principal conductor within the identified structure. This exploration effort comes at a pivotal time when high-grade nickel is in increasing demand, particularly for use in batteries, amidst dwindling supplies in North America. Ramp Metals is strategically positioned to capitalize on this growing demand and aims to contribute to the exploration and development of critical nickel resources. In summary, Ramp Metals' transition into the public domain marks an exciting chapter in its journey within the mining industry. With a focused exploration strategy, promising geophysical findings, and a dedicated team led by CEO Jordan Black, the company is poised to make significant strides in unlocking the potential of nickel resources, contributing to the growing demand for this essential commodity. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
April 02, 2024 12:43 PM Eastern Daylight Time
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Euro Manganese achieves key milestone with environmental permit for Chvaletice Manganese Project
Euro Manganese Inc
Euro Manganese Inc President and CEO Dr Matthew James tells Proactive's Stephen Gunnion that the battery materials company has achieved a key milestone at its Chvaletice Manganese Project after receiving approval for its Environmental and Social Impact Assessment from the Czech Ministry of Environment. James told Proactive the Czech project involves remediating historical mine tailings from a previous pyrite mine, containing significant manganese deposits. The company also owns land directly opposite the tailings area for a processing plant. The Chvaletice Manganese Project is unique for its high-purity manganese, essential for electric vehicle batteries, particularly in NMC (nickel-manganese-cobalt) batteries. James explained that the project's manganese is crucial for the energy transition, boasting strong Environmental, Social, and Governance (ESG) credentials, including a carbon footprint one-third that of the industry standard in China. A completed Definitive Feasibility Study (DFS) in July 2022 estimated the project's net present value at approximately US$1.3 billion. The European Bank for Reconstruction and Development (EBRD) is the company's second-largest shareholder, highlighting significant European support alongside the European Investment Bank (EIB), which has approved the project for appraisal. Financial strategies include a proposed 65% gearing, with funding expected from both the EIB and the EBRD. Additionally, a financing package from Orion Resource Partners provides non-dilutive funding to shareholders. The company is also developing an early-stage project in Quebec, positioning itself within a growing battery materials hub. This project aims to produce IRA-compliant high-purity manganese sulphate. Upcoming milestones for investors include further offtake contracts and securing the last land access agreement for their Czech Republic project, having already achieved significant environmental approval. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
April 02, 2024 11:01 AM Eastern Daylight Time
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Chesnara reports strong 2023 results with improved cash generation and solvency ratio
Chesnara PLC
Chesnara PLC chief executive Steve Murray discusses the company's full-year results for 2023 with Proactive's Stephen Gunnion, describing them as strong and particularly highlighting £53 million in commercial cash generation and a dividend coverage of around 150%. The company has seen a return to economic growth, with an improvement in the solvency ratio to 205%, the highest in its nearly 20-year history. New business improved to £10 million. It also completed two acquisitions this year, contributing to its M&A momentum. Chesnara announced a 3% increase in its full-year dividend to 23.97p per share, continuing a 19-year track record of increasing dividends. Operational efficiency improvements were noted, particularly in cost management, contributing to profitability. Despite economic challenges in recent years, Chesnara anticipates a more stable operating environment and is well-positioned to handle market volatility. Murray said Chesnara also plans to continue its acquisition strategy, supported by a solid balance sheet and financing options, including about £140 million in cash and a revolving credit facility. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
April 02, 2024 10:56 AM Eastern Daylight Time
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