News Release
EGR Exploration hits major milestone with drill permits granted on Detour West Project
EGR Exploration Ltd.
EGR Exploration Limited CEO Daniel Rodriguez joined Steve Darling from Proactive to share significant news regarding the company's Detour West Property, as their application for a drilling permit has been approved by the Ontario Ministry of Mines. Rodriguez revealed that the approved permit allows EGR to commence drilling activities aimed at exploring the potential westward extensions of the Detour-Fenelon Gold Trend onto EGR’s Detour West Property, which is adjacent to the Detour Lake Mine Property owned by Agnico Eagle. The company has received approval for the drilling of one hundred and twenty-three Reverse Circulation drill holes, planned to test approximately 30 kilometers of interpreted structural corridors. These drill holes are strategically planned along 16 fences spaced approximately 400 meters apart, with 1 to 2.5 kilometers between fences. Interpretation of geological and magnetic geophysical data has identified five areas of interest, which are the primary targets of the proposed drilling program. The objective of this program is to identify gold-in-till (gold dispersal trains) that may lead to mineralized portions of interpreted shear structures and to gather top-of-bedrock lithological data. This data collection process will aid in creating an accurate geological map in close proximity to the interpreted east-west trending shear structures, potentially representing extensions of the Detour-Fenelon Trend. This approval marks a significant milestone for EGR Exploration Limited, allowing the company to advance its exploration efforts and potentially uncover valuable mineral resources in the Detour West Property area. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
February 28, 2024 07:12 AM Eastern Standard Time
Video
News Release
Fincraft Group head Kenges Rakishev discusses investment strategy; Borealis Foods IPO
Fincraft Group
Fincraft Group head Kenges Rakishev joins Proactive's Stephen Gunnion with more details about the company following the successful IPO of Borealis Foods on NASDAQ through a combination with Fincraft's Oxus Acquisition Corp. Fincraft, a privately-owned Kazakhstan holding company, focuses on investments both within Kazakhstan and internationally, boasting a diverse portfolio that includes mining companies such as Kaznickel, which holds large deposits of nickel and cobalt, and oil and gas production entities. Fincraft Group has also ventured into refinery trading, education by owning private schools, and financial services, including ownership of a significant financial institute and a brokerage company. Rakishev, with a background spanning over 20 years in private business, including investments in the machinery industry, petrochemicals, and real estate, highlighted the opportunities in diverse sectors, especially given the geopolitical risks and the transitional phase of Kazakhstan's transportation system. Kazakhstan, being rich in natural resources and the ninth largest country globally, presents significant investment opportunities in oil, gas, and minerals like nickel and cobalt, crucial for renewable energy technologies. Fincraft is a long-term investor in Kazakhstan, with strategic interests varying based on the sector and opportunity. Rakishev said the listing of Borealis Foods, a food tech company focusing on protein-rich, healthy food products, marks a significant milestone as part of Fincraft's investment strategy. Looking forward, Rakishev is optimistic about the prospects in oil and gas, nickel, cobalt, and the broader Kazakh economy, emphasising the potential in transportation and logistics. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
February 28, 2024 07:10 AM Eastern Standard Time
Video
News Release
HIVE Digital Technologies on green bitcoin mining & AI pivot | Crypto Round-Up
HIVE Digital Technologies
HIVE Digital Technologies, a prominent Bitcoin miner is at the forefront of the Bitcoin mining sector with operations in Sweden and Iceland. Frank Holmes, co-founder and chairman of HIVE, emphasised the role of Bitcoin in the digital financial transformation, highlighting the significant inflows into Bitcoin ETFs such as those from VanEck and BlackRock. Holmes underscored the decentralised nature of the Bitcoin ecosystem, powered by 17,000 nodes worldwide, offering transaction validation at a fraction of traditional banking costs. He discussed the upcoming Bitcoin halving in April, its implications for the mining sector, and Hive's commitment to mining "green coins" using renewable energy sources. Despite challenges from the discontinuation of Intel's ASIC chips for Bitcoin mining, Hive remains innovative, focusing on energy efficiency and high-performance computing (HPC) to pivot towards AI and other high-margin business models. With Ethereum's shift away from mining, Hive is adapting by expanding its AI capabilities and hedging strategies to maintain profitability. Holmes also highlighted Hive's significant Bitcoin holdings and their strategies for managing market volatility. The conversation touched on regulatory perceptions in Sweden and Iceland, Hive's operational efficiencies, and the broader implications of Bitcoin's decentralisation amidst increasing institutional investments. Finally, Holmes shared insights into the current Bitcoin market dynamics and the potential for Bitcoin as a hedge against inflationary pressures, comparing its investment appeal to that of gold. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
February 28, 2024 07:06 AM Eastern Standard Time
Video
News Release
HIVE Digital Technologies secures 1,000 New Energy Efficient Bitmain S21 Antminers to increase HODL
HIVE Digital Technologies
Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive and shared significant updates regarding the company's Bitcoin mining operations. He announced the purchase of 1,000 Bitmain S21 Antminers, which will add 200 petahash per second of high-efficiency Bitcoin mining capacity to the company's operations. The S21 Antminer is recognized as one of the newest and most efficient Bitcoin mining ASIC systems, boasting a remarkable energy efficiency of 17.5 joules per terahash. Additionally, Daubaras disclosed that Hive Digital Technologies has further strengthened its position by accumulating 2,070 Bitcoin on its balance sheet as of February 21, 2024. This proactive approach aligns with the company's strategic preparation for the upcoming Bitcoin Halving event, expected in late April 2024. Rather than expanding its physical footprint, the company has opted to upgrade its mining fleet with the latest and most efficient machines available. This strategic decision aims to lower the average costs of Bitcoin production and enhance operational efficiency. By upgrading to the S21 Antminers, Hive Digital Technologies plans to increase its target Exahash from 5.3 EH/s to 5.5 EH/s by the end of June 2024, leveraging its 140 MW of operating infrastructure globally. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
February 28, 2024 07:04 AM Eastern Standard Time
Video
News Release
Trust Stamp flags Trojan impacting 3rd party biometric systems on iOS
T Stamp Inc
Trust Stamp CTO Scott Francis joined Steve Darling from Proactive to issue a warning to financial institutions and their customers regarding the emerging dangers posed by Trojans targeting bank accounts. One such newly discovered Android Trojan, dubbed "GoldDigger," has raised concerns among cybersecurity experts. Furthermore, Group-IB's threat intelligence unit identified a cluster of aggressive banking Trojans, including GoldPickAxe, which is the first known iOS Trojan designed to harvest facial biometric data for unauthorized access to bank accounts. Francis emphasized the importance of safeguarding biometric data in light of rapidly evolving attacks like these Trojans. He highlighted Trust Stamp's revolutionary Stable IT2 TM technology and biometric multi-factor authentication, which do not store or retain any biometric data on vulnerable devices. Additionally, no identifying data is stored on the user's device. This biometric cryptographic system offers authentication without leaving behind any biometric breadcrumbs that could be exploited by cybercriminals. By combining biometric multi-factor authentication with device authentication, Trust Stamp disrupts the transaction flow used by attackers behind these Trojans. This approach not only utilizes biometric authentication with proof of life but also ensures that the user is in possession of the authorized device, thereby enhancing security and mitigating the risks associated with such attacks. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com
February 28, 2024 07:01 AM Eastern Standard Time
Video
News Release
Forte Minerals hits key milestone with first ESG report on Mining in Peru
Forte Minerals Corp.
Forte Minerals CEO Patrick Elliott joined Steve Darling from Proactive to share news about the company's publication of its initial Environmental, Social, and Governance (ESG) report. This significant milestone demonstrates Forte Minerals' dedication to sustainable exploration and mining practices and underscores its commitment to responsible operations. Elliott highlighted that the pillars of the ESG report emphasize the company's commitment to sustainability, which begins during the exploration phase and lays the groundwork for responsible growth. As an exploration company, Forte is focused on implementing strategic measures to manage and mitigate environmental impacts as it progresses. Furthermore, the report underscores Forte Minerals' social responsibility efforts in Peru, where the company has had a longstanding presence for over 15 years. This engagement highlights the company's dedication to fostering local development, enhancing community engagement, and ensuring equitable practices. In addition to environmental and social aspects, the ESG report also elaborates on Forte Minerals' governance structure, emphasizing ethical conduct, anti-corruption measures, and the promotion of diversity and inclusion. Elliott emphasized that this report showcases the company's commitment to ethical exploration and mining practices, offering a transparent overview of its governance practices and dedication to community engagement and sustainability. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
February 28, 2024 06:58 AM Eastern Standard Time
Video
News Release
Tonix Pharmaceuticals drug TNX-102 SL gets FDA ok for US Department of Defense funded trial
Tonix Pharmaceuticals
Tonix Pharmaceuticals CEO Dr. Seth Lederman joined Steve Darling from Proactive to share significant news regarding the company's latest development: the clearance of the Investigational New Drug application by the U.S. Food and Drug Administration for the Phase 2 investigator-initiated OASIS trial. This trial aims to evaluate the efficacy of TNX-102 SL in reducing the severity of acute stress reaction and the frequency of acute stress disorder and post traumatic stress disorder. Dr. Lederman explained that the trial is sponsored by The University of North Carolina Institute for Trauma Recovery and is supported by a substantial 3 million dollar grant from the U.S. Department of Defense. The primary objective of the trial is to assess the safety and efficacy of TNX-102 SL in mitigating adverse posttraumatic neuropsychiatric effects among patients who present to the emergency department following a motor vehicle collision. The trial is expected to enroll approximately 180 trauma survivors across various emergency department study sites throughout the United States. Participants will be randomly assigned to receive either TNX-102 SL 5.6 mg or a placebo for a two-week course. Notably, there is currently a lack of medication available at or near the point-of-care to effectively address the needs of patients suffering from traumatic events and support their long-term health. This development underscores Tonix Pharmaceuticals' commitment to addressing unmet medical needs in the field of trauma recovery and psychiatric disorders. With the initiation of the OASIS trial, the company aims to contribute to the advancement of treatment options for individuals experiencing acute stress reactions and related neuropsychiatric sequelae following traumatic events. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
February 28, 2024 06:56 AM Eastern Standard Time
Video
News Release
Tonix Pharmaceuticals' Fibromyalgia Trial Shows Promising Results in Webinar Presentation
Tonix Pharmaceuticals
Tonix Pharmaceuticals CEO Dr. Seth Lederman joined Steve Darling from Proactive to share positive Phase 3 data on Tonmya, also known as TNX-102 SL, for the management of fibromyalgia, and discussed the company's plans to file for FDA approval in the second half of 2024. Dr. Lederman highlighted that Tonmya, a centrally acting, non-opioid, non-addictive bedtime medication, showed promising results in the RESILIENT Phase 3 study. The study met its pre-specified primary endpoint by significantly reducing daily pain compared to placebo in participants with fibromyalgia. Additionally, significant improvements were observed in key secondary endpoints related to sleep quality, fatigue reduction, and overall fibromyalgia symptoms and function. Based on these positive results, Tonix Pharmaceuticals plans to submit a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) in the second half of 2024 for Tonmya for the management of fibromyalgia. The company hosted a webinar featuring key opinion leaders in fibromyalgia, highlighting the significance of the trial results. Interested individuals can access the webinar through Tonix Pharmaceuticals' website or the accompanying press release. Led by renowned experts like Professor Leslie Arnold and Professor Dan Clau, the webinar offers valuable insights into the treatment landscape for fibromyalgia. Tonix Pharmaceuticals remains committed to advancing innovative solutions for fibromyalgia and improving patient outcomes. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
February 28, 2024 06:54 AM Eastern Standard Time
Video
News Release
Tower Resources maintains 2025 target for first oil from Thali licence in Cameroon
Tower Resources PLC
Tower Resources Plc Chairman and CEO Jeremy Asher joined Steve Darling from Proactive to share significant updates regarding the company's operations in Cameroon. Tower Resources has received formal notification from the Minister of Mines, Industry, and Technological Development in Cameroon regarding the extension of the First Exploration Period of the Thali production-sharing contract until 2025. Asher explained that the company's primary obligation during this extended period is the drilling of a single well, which Tower intends to fulfill through the drilling of the NJOM-3 well. Tower Resources is actively engaged in discussions with multiple parties regarding asset-level financing for the NJOM-3 well. The company has already contracted the Norve jack-up rig with Borr Drilling for this purpose. According to Borr Drilling's latest advice, the Norve rig is expected to be mobilized to Cameroon between June and August 2024, subject to existing contractual commitments. In Namibia, comprehensive analysis of potential structures, including stratigraphic traps, is underway, with plans for 3D seismic acquisition. Asher expressed optimism for a transformative year in 2024, indicating a busy period ahead for the company. Stay tuned for more updates as Tower Resources progresses with its exploration activities. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com
February 28, 2024 06:38 AM Eastern Standard Time
Video
