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Flynn Gold discovers promising lithium anomalies at Parker Dome project in Western Australia

FLYNN GOLD LIMITED

Flynn Gold managing director and CEO Neil Marston discusses promising lithium results from a soil sampling programme at the Parker Dome project in Western Australia with Proactive's Stephen Gunnion. This initial exploration, covering two licences over 40 square kilometres, marks Flynn Gold's first on-ground work since acquiring a one-year purchase option in December 2023. The project lies within the Forrestania Greenstone Belt, known for its pegmatite-hosted lithium deposits. The sampling involved 679 soil samples, focusing on areas with high lithium potential, identifying two pegmatite trends (western and eastern) and yielding six significant zones with lithium anomalies up to 197 ppm. These anomalies extend over large areas, correlating with caesium and tantalum values, hinting at potential lithium mineralisation. Historical drilling in 1998 intersected pegmatites, suggesting the presence of a "Goldilocks zone" for lithium mineralisation near the granite intrusive of Parker Dome. Flynn Gold plans to follow up with more soil sampling, drilling permits, and reanalysis of historical geophysical data. Additionally, exploration activities at Lake Johnson and in Tasmania for gold at the Firetower and Golden Witch projects will continue, with promising results from the Trafalgar prospect in Golden Ridge showing high-grade veins of gold. Contact Details Proactive Australia Pty Ltd Proactive Australia Pty Ltd +61 431 597 771 writers.australia@proactiveinvestors.com

March 08, 2024 07:08 AM Eastern Standard Time

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Rewards Doubled! HTX Liquid Restaking to Increase Quota by Another $50M and Launch 3 Boosters for Reward Sharing

HTX

Since its debut on February 29, the HTX Liquid Restaking event has been met with enthusiasm from users. Remarkably, within a mere 10 minutes of its launch, over 10,000 participants eagerly secured their share of the initial $50 million staking quota. In response to the fervent support for the Liquid Restaking event, HTX has decided to add another $50 million to the staking quota to double the current reward pool. Rewards Doubled! HTX Adds Another $50 Million Quota As the first crypto exchange to support Restaking, HTX pioneered the Liquid Restaking event, allowing CEX users to share on-chain rewards in an easy, risk-free way. After over 10,000 participants promptly grabbed their share of the initial $50 million staking quota, HTX has decided to add another $50 million to the staking quota, while also introducing the following three reward boosters. Participation through teams will kick off. You can team up with your friends to get enrolled in Liquid Restaking and enhance your rewards. Based on their contribution to the platform, some participants will get extra rewards. Assets in more accounts other than the Spot account will be available soon. Users who missed out on the initial $50 million staking quota still have a chance. Please keep a close eye on the upcoming release of the second $50 million staking quota on the HTX platform. This time, participation in the Liquid Restaking event on the platform will be expanded to include assets from more accounts beyond just the Spot account. Furthermore, participation through teams will also be available. Therefore, take action now to team up with your friends to enroll in Liquid Restaking and enhance your rewards. Missing out on EigenLayer? Opt for HTX Liquid Restaking for More Opportunities HTX Liquid Restaking is now available. Simply register for Liquid Restaking with your account balance snapshotted, and you will earn rewards, including tokens and early airdrops of popular projects such as EigenLayer, Merlin Chain, etc. Rewards you can expect to receive: EigenLayer's initial airdrop (A trending Ethereum restaking project with TVL of over $7 billion) Puffer's initial airdrop (A trending Ethereum restaking project with TVL of over $1 billion) Merlin Chain's initial airdrop (A Bitcoin Layer 2 solution with TVL of over $1.5 billion) BounceBit's initial airdrop (A Bitcoin staking chain with TVL of over $0.45 billion) Crypto rewards, such as ETH, USDT, HTX, and TRX Event rewards will be distributed in various LRS points. You can redeem these points for corresponding cryptocurrencies after the designated projects distribute airdrops. The distribution timing of the rewards depends on the projects' initial airdrop schedule, which may commence after April. Rest assured that your assets on the HTX exchange will always be safeguarded regardless of any risks that may occur on the blockchain during the event, and the earnings will be distributed in the form of rewards. HTX will fully bear any potential losses that may occur, providing you with a worry-free participation experience. HTX provides easy access to Liquidity Restaking. Visit the Liquidity Restaking event page on the platform, and you can easily enroll in the ongoing event with just one click. Remember to fund your account by making deposits, trades, etc., to hold at least $1 worth of BTC, ETH, USDT, HTX, TRX, or other designated assets. Please stay tuned for further event announcements and updates. 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/

March 08, 2024 06:59 AM Eastern Standard Time

Immunic to reveal promising MS treatment data in two poster presentations at ACTRIMS Forum 2024

Immunic Inc

Immunic Inc CEO Dr Daniel Vitt joins Proactive's Stephen Gunnion with details of data from the Phase 2 CALLIPER and CALVID-1 trials of vidofludimus calcium the company will present at the Americas Committee for Treatment and Research in Multiple Sclerosis (ACTRIMS) Forum 2024 in West Palm Beach, Florida, from today. Vitt highlighted the significant potential of the drug in treating multiple sclerosis (MS), particularly in relation to Epstein-Barr Virus (EBV) reactivation. The CALLIPER study focuses on the effects of 45 milligrams of vidofludimus calcium in patients with progressive MS, emphasising the importance of progression independent of relapse activity. October's interim biomarker data, specifically neurofilament light chain (NFL), which is related to neuronal death, was mentioned as a key aspect of the first poster. This data aims to correlate NFL reduction with the likelihood of future disability outcomes in progressive MS patients. The overlap between the CALLIPER study and the Phase 2 CALVID-1 trial, outlined in the second poster, explores the role of EBV reactivation in MS and fatigue symptoms. Vidofludimus calcium's potential to prevent EBV reactivation and reduce fatigue in MS patients is a significant finding, with implications for post-COVID syndrome as well. The CALVID-1 study also examined Vidofludimus calcium's effects on fatigue in patients treated for SARS-CoV-2, revealing a positive impact. Presenting at the ACTRIMS Forum 2024, an important scientific conference for MS research, underscores the relevance and potential impact of Immunic Inc's findings in the MS and broader medical communities. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 08, 2024 06:53 AM Eastern Standard Time

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Power Metal expands into sustainable metal extraction with GSAe deal; announces share consolidation

Power Metal Resources PLC

Power Metal Resources PLC (AIM:POW) CEO Sean Wade speaks to Proactive's Stpehen Gunnion about the strategic acquisition of a 75% stake in GSA Environmental (GSAe), a company specialising in extracting critical metals from waste products like fly ash and heavy fuel oil ash. The venture is particularly focused on residues from electricity generation and spent catalysts, promising to transform them into environmentally friendly residues while extracting valuable metals essential for the energy transition. The move is seen as a departure from Power Metal's traditional focus on incubating early-stage mining opportunities, aiming instead to provide a sustainable revenue stream to reduce dependency on capital markets. Wade highlighted the complementary nature of this acquisition to Power Metal's focus on critical metals for energy transition and the added benefit of GSAe's ICP testing capability, which will reduce costs and time for sample testing. He further elaborated on ambitious plans to scale GSA Environmental's business, particularly in Saudi Arabia and globally, leveraging proprietary technology for significant growth. The deal involves an initial payment of £75,000 in shares, with additional payments tied to profit milestones. Separately, Power Metal announced a 20-for-1 share consolidation to appeal to institutional investors and facilitate a US OTC listing, addressing market perceptions and regulatory requirements for trading above a penny. Wade reassures stakeholders that the consolidation aims to attract more investors and increase liquidity, inviting any concerns to be addressed directly. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 08, 2024 06:48 AM Eastern Standard Time

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Premier African Minerals' Zulu lithium project produces first concentrates; prepares for ramp-up

Premier African Minerals Ltd

Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) chief executive George Roach joined Proactive's Stephen Gunnion with the operational status of the processing plant at the company's Zulu lithium project in Zimbabwe. Despite facing some setbacks, the major components of the plant are installed and functional, enabling production to proceed from front to back. Issues encountered during commissioning are considered normal by the plant suppliers and Roach believes they are resolvable within the commissioning process, emphasizing that no major equipment replacements are necessary. Currently, the plant is producing concentrates from the Mica and Spodumene flotation sections, with analysis of these concentrates underway. Initial spot analysis suggests that spodumene is adequately liberated and recoverable at correct percentages, though attention is needed for managing pH levels during flotation—a challenge that is being actively addressed. Roach anticipates that the issues with pH management and control systems will be resolved within "hours or days," not weeks. The next steps for the Zulu project include ensuring the spodumene produced meets grade requirements and ramping up production rates to design levels, expected to take a couple of weeks. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 08, 2024 06:44 AM Eastern Standard Time

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HANetf new Sprott Junior Uranium Miners UCITS ETF hits the market, focused on smaller miners

HANetf Holdings Limited

HANetf head of research Tom Bailey discusses the launch of the Sprott Junior Uranium Miners UCITS ETF (URNJ) on the LSE and Deutsche Bourse, highlighting the growing demand for uranium due to the global shift towards nuclear energy for low carbon emissions and energy security. Bailey explained that this demand, coupled with a decade of underinvestment in uranium mining, has created a supply-demand imbalance, boosting uranium prices significantly. The Junior Uranium Miners ETF focuses on smaller-cap miners, which are poised to benefit more directly from the rising uranium prices compared to their larger counterparts. This is because larger mining companies often have long-term contracts at lower prices, whereas junior miners sell at current high prices. The ETF includes exploration companies, offering exposure to early-stage ventures that might bring uranium to market in the future. Unlike HANetf's flagship uranium ETF, the Sprott Uranium Miners UCITS ETF (URNM), which is significantly influenced by a few large companies, the junior ETF aims to provide a more balanced exposure by excluding these major players and the spot price of uranium. It features 32 companies, excluding the five largest that dominate the flagship ETF. In its first week, the junior ETF saw an 11-12% increase in price performance, outperforming the broader uranium ETF, which increased by 1% in the same period, indicating strong investor interest and market performance. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 08, 2024 06:42 AM Eastern Standard Time

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Greencoat UK Wind focuses on capital allocation following strong 2023 performance

Greencoat UK Wind PLC

Greencoat UK Wind's Stephen Lilley discusses the company's full-year results for 2023, highlighting significant financial achievements and strategic initiatives. The company reported over £406 million of net cash generation and a coverage ratio of 2.1 times. Due to its strong cash flow, the trust, which is one of the UK’s largest wind farm operators, has remained resilient despite rising interest rates and a higher discount rate. Lilley said Greencoast has focused on capital allocation, particularly as shares have been trading at a discount to net asset value (NAV), leading to an increase in the dividend for 2023 from 8.76 pence to 10 pence per share, resulting in an additional £29 million paid to shareholders. The dividend for 2024 has been increased by 14.2%, achieving a 6% return on NAV, surpassing the Retail Price Index (RPI) increase of 5.2%. Greencoat UK Wind completed £821 million in acquisitions, contributing significantly to NAV accretion. The company also reached a milestone of distributing over £1 billion in dividends over the past decade. Additionally, Greencoat UK Wind generated 1.5% of the UK's electricity demand, owning approximately 7% of the UK's wind capacity. Looking ahead, the company aims to support the expansion of wind capacity in line with government targets for 2050, focusing on owning and operating existing capacity while recycling capital into new projects. Despite some limitations due to trading at a discount to NAV, the company sees ample growth opportunities and may consider disposals to manage its capital effectively. Lilley remains optimistic about the company's performance in 2024, with stable operations and a positive outlook for February's production capacity. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 08, 2024 06:36 AM Eastern Standard Time

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Artemis Resources just "scratched the surface" with more significant lithium results in West Pilbara

Artemis Resources Ltd

Artemis Resources executive director George Ventouras joins Proactive's Stephen Gunnion with details of more promising rock chip assay results that enhance the potential scale and grade of its lithium discovery in Australia's West Pilbara region. The assays peaked at 4.67% lithium oxide content, surpassing earlier findings and marking a significant milestone in the region, drawing comparisons to neighbouring projects. With a substantial tenure spanning over 150 square kilometres and only a fraction explored, Artemis Resources anticipates considerable prospectivity and further exploration opportunities. The findings at the new Osborne East zone and Mt Marie prospect suggest potential extensions and combined strike lengths of up to 26 kilometres, highlighting the vast potential for lithium mineralisation. The mineralogy at Mt Marie reveals large spodumene crystals up to 30 centimetres in length, underscoring the quality and development prospects of the discovery. Ventouras said Artemis Resources plans to continue its exploration with strategic ground reconnaissance, including drone surveys and soil sampling, to expand the mineralised envelope and further assess the lithium potential. Contact Details Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

March 08, 2024 06:12 AM Eastern Standard Time

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Zephyr Energy reports strong fourth quarter with production increase and positive outlook

Zephyr Energy PLC

Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) CEO Colin Harrington provides an update on the company's fourth-quarter production and future plans in an interview with Proactive London's Stephen Gunnion. Harrington highlighted a 7% increase in average production across the quarter, with significant contributions from the new Slawson wells despite temporary curtailments. Revenues also rose during the quarter, despite softer oil prices and operational challenges. The company successfully navigated extreme cold temperatures at Williston over the winter, which had shut down over half the basin at one point and resulted in temporary curtailments at the Lawson site. Looking ahead, Harrington discussed the positive performance of two new wells, contributing to expected strong results for the first quarter. Zephyr Energy has also adjusted its reporting method to provide more timely and consistent information by moving to two-phase data reporting (oil and gas production) quarterly, with a detailed three-phase analysis annually. Additionally, Harrington elaborated on the company's preparations for an upcoming drill in the Paradox basin, including the completion of an intensive planning process and the finalisation of rig contracts. The company anticipates drilling in the near term and is preparing the site for operation. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 08, 2024 06:04 AM Eastern Standard Time

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