News Release
U.S. Gold Achieves Milestone with Surface Mine Permit for CK Gold Project
US Gold Corp
U.S. Gold CEO George Bee Corp joined Steve Darling from Proactive to reveal a significant achievement for the company's CK Gold project as the Wyoming Department of Environmental Quality issued its surface gold mine permit. This milestone allows U.S. Gold to resume work on a prefeasibility study, marking a pivotal step forward in project development. With the mine operating permit secured, U.S. Gold is advancing its feasibility study, with substantial progress already made in process plant design and equipment procurement. The company aims to update the prefeasibility study by the third quarter of 2024 and subsequently finalize the feasibility study, incorporating project upside opportunities. Bee emphasized that the project is nearing completion of remaining conditions, including the approval of the reclamation bond, which is already submitted. Additionally, the Wyoming Pollutant Discharge Elimination System permitting process is in its final stages, and technical work for WDEQ Air Quality Division permits is under review. U.S. Gold anticipates receiving the necessary permits by mid-year, aligning with prior guidance and further advancing the CK Gold project toward production. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com
May 15, 2024 01:14 PM Eastern Daylight Time
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Silver North Resources Secures Option Agreement for GDR Project in Southern Yukon
Silver North Resources
Silver North Resources CEO Jason Weber joined Steve Darling from Proactive to announce the completion of an option agreement with three prospectors holding the GDR Project in southern Yukon. Comprising three claim groups totaling 150 claims in the Silvertip-Midway District, the GDR Project is strategically located near Silver North’s Tim Silver Property, currently under option to Coeur Mining. The project claims encompass geology prospective for Carbonate Replacement Deposits (CRDs), akin to those explored at Tim and Coeur’s neighboring Silvertip Mine Project. Weber highlighted the accessibility of the GDR Project properties via road and trail, emphasizing their potential for high-grade Ag-Zn-Pb CRD mineralization. Showings of Ag-Pb-Zn and multi-element soil geochemical anomalies underlain by Paleozoic limestone underscore the project's geological similarity to CRD mineralization at Silvertip. Veronica, situated 11 km north of Silvertip and proximal to Silver North’s Tim project, exhibits a multi-element soil anomaly spanning 450 by 450 m, with unexplored potential to the east. Soil samples reveal promising values of 0.3 - 31.1 ppm Ag, 60 - 3100 ppm Pb, and 50 - 612 ppm Zn, presenting an enticing target for exploration follow-up. The area features limestone and quartzite outcrops, further enhancing its prospectivity. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
May 15, 2024 01:11 PM Eastern Daylight Time
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Steppe Gold Announces Shareholder Vote Date for Boroo Gold Acquisition in Mongolia
Steppe Gold Ltd
Steppe Gold Chief Financial Officer Jeremy South joined Steve Darling from Proactive to share news about the company's plan to hold a shareholder vote on June 24th in Mongolia regarding the proposed acquisition of Boroo Gold. If approved, the transaction will involve Steppe Gold acquiring Boroo Gold in exchange for issuing common shares, resulting in Boroo Singapore holding 55.9% of Steppe Gold's issued and outstanding common shares. South highlighted the strategic benefits of the acquisition, including an increase in combined gold production to 90,000 ounces per annum by 2025 and 150,000 ounces of gold equivalent per annum by 2026. The transaction is expected to generate strong cash flow, enhance financial strength to support the ATO Gold Mine Phase 2 Expansion debt and project financing, fund exploration programs, and provide opportunities for further acquisitions in Mongolia. Additionally, the sale of the Tres Cruces Project will enhance liquidity and position Steppe Gold as a multi-asset producer with a focus on Mongolia. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
May 15, 2024 12:22 PM Eastern Daylight Time
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Ideal Power Advances with New Semiconductor Technology and Strategic Partnerships
Ideal Power Inc
Ideal Power CEO Daniel Brdar joined Steve Darling from Proactive to provide an in-depth discussion on the company's advancements in manufacturing power semiconductors. These essential components play a critical role in a wide range of everyday devices, including home appliances and electric vehicles (EVs). Ideal Power has developed an innovative power semiconductor known as B-TRAN, which stands out due to its remarkably low energy losses. This technology significantly enhances efficiency across various applications, making it a game-changer in the industry. One of the key benefits of B-TRAN is its ability to increase the range of electric vehicles, a crucial factor in the adoption of EV technology. Additionally, B-TRAN enhances the effectiveness of solar power systems in both residential and commercial settings, thereby promoting sustainable energy solutions. The semiconductor's bi-directional capabilities are particularly valuable for applications involving batteries, such as grid support systems and electric vehicles. This feature contributes to more cost-effective and efficient energy management, addressing one of the major challenges in the energy sector. Ideal Power's primary customers are Original Equipment Manufacturers (OEMs) that integrate these advanced semiconductors into a variety of products. These range from power converters used in energy storage systems to drivetrains in hybrid and electric vehicles. The company's innovative technology has recently undergone a rigorous test and evaluation program, which has been met with considerable success. This has led to commercial orders from several large, well-recognized companies, demonstrating the market's confidence in Ideal Power's solutions. Moreover, Ideal Power has initiated a collaboration with Stellantis, one of the leading global automakers, to develop next-generation electric vehicle platforms. This partnership is expected to drive further advancements and adoption of Ideal Power's semiconductor technology in the automotive industry. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com
May 15, 2024 12:03 PM Eastern Daylight Time
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Delivra Health Brands releases Q3 financial number showing positive adjusted EBITDA
Delivra Health Brands Inc.
Delivra Health Brands CEO Gord Davey joined Steve Darling from Proactive to announce the financial and operating results for the three and nine months ended March 31, 2024. The company reported a total net revenue from continued operations of $8,792, reflecting a 36% increase compared to the same period last year, driven by higher sales of Dream Water in the US and Canada, along with increased sales of LivRelief. Additionally, Davey told Proactive, Delivra saw a healthy rise in its gross profit margin, reaching 52%, up from 44% in the same period last year. This improvement contributed to positive Adjusted EBITDA, attributed to management's focus on customer mix, gross profit margin enhancement, and efficient administrative and selling support functions. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com
May 15, 2024 11:54 AM Eastern Daylight Time
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Race Oncology's breakthrough in cancer cell treatment
RACE ONCOLOGY LTD
Race Oncology Ltd (ASX:RAC, OTC:RAONF) CEO Dr Daniel Tillett joins Proactive’s Jonathan Jackson to discuss promising preclinical findings. Research indicated that combining bisantrene with decitabine greatly enhances the destruction of cancer cells across a wide variety of types, potentially expanding decitabine's use beyond blood cancers to solid tumours. This combination could address cancers including those of the lung, prostate, pancreas, breast and head and neck. Decitabine, traditionally used for blood cancers like myelodysplastic syndrome (MDS) and acute myeloid leukaemia (AML), had not been effective in treating solid tumours prior to these findings. The study, conducted at Oncolines B.V. in the Netherlands, involved screening the combination across 143 cancer cell lines from over 20 human tissues, encompassing both solid and blood cancers. Results showed a significant increase in cancer cell death, with 92% of the cell lines exhibiting improved outcomes. Tillett expressed optimism about these findings, highlighting the potential for new treatment avenues and the plan to initiate a clinical trial soon. This development suggests substantial interest for owners of marketed formulations of decitabine, including oral variants. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com
May 15, 2024 11:50 AM Eastern Daylight Time
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Firebird Metals reveal feasibility outcomes during China visit
FIREBIRD METALS LIMITED
Firebird Metals Ltd (ASX:FRB) managing director Peter Allen sits down with Jonathan Jackson in the Proactive studio to discuss the company’s visit to a large investor site visit in China, demonstrating significant progress and strategic advantages in the region. The primary focus was on Firebird's leading manganese sulphate team and their advancements in Jinshi, Hunan Province. Attendees toured the Pilot Plant and R&D centre for battery-grade manganese sulphate, the Jinshi Port and a proposed site for new processing facilities within the Jinshi High-Tech Industrial Park. Additionally, the visit included Canmax Technologies Co., Ltd’s lithium hydroxide plant in Meishan, highlighting the project's strong local support and operational benefits in China. The company also revealed outcomes from a feasibility study conducted by Hunan Chemical Engineering Design Institute Co., Ltd., which supports Firebird's strategy to produce high-purity manganese sulphate. The study highlights the economic viability with low capital expenses of US$83.5 million and operational advantages due to local support and regulatory compliance. The planned plant has annual capacity for 50,000 tonnes of battery grade MnSO4 and 10,000 tonnes of Mn3O4. Significant progress has been made in areas such as equipment supplier due diligence, R&D and project permitting, aiming for completion by late Q3 2024. Additionally, Firebird is engaged in discussions with European customers and has initiated profit and capital repatriation processes supported by local authorities. Finally, the company has made further progress in the development of its Stage 1 Battery Grade Manganese Sulphate Plant in China, signing “critical” financing and construction agreements with the Jinshi Government, China Construction Bank (Jinshi division) and leading chemical engineering contractor China Chemical. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com
May 15, 2024 11:45 AM Eastern Daylight Time
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Pantoro boosts capital raise to $100 million for Norseman Project expansion
PANTORO LIMITED
Pantoro Ltd (ASX:PNR) managing director Paul Cmrlec sits down with Proactive’s Jonathan Jackson to chat about the increase of its institutional placement by 13.64% to $100 million due to high demand from new and existing, domestic and international institutional investors. This financial backing will support Pantoro's growth initiatives, including the development of the Scotia Underground Mine at the Norseman Project in Western Australia. Originally planned at $88 million, the increase will specifically help restructure the company's balance sheet and accelerate growth operations at the Norseman Project. The raised funds will be used to close out a US$29.6 million Term Loan Facility with Nebari Partners LLC, saving approximately A$18.5 million in principal and interest payments during FY25. Additionally, the funds will support accelerated exploration and drilling to establish a third high-grade underground mine and commence studies for the Norseman Mainfield's mining reactivation. This site historically produced about 3 million ounces and was among Australia’s highest-grade goldfields. Development at the Scotia Underground Mine is advancing, with significant progress in site integration and operational efficiencies. This development is poised to make the Scotia mine the primary ore source by end of 2024. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com
May 15, 2024 11:15 AM Eastern Daylight Time
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SPORTS BETTING, GAMING & ESPORTS: A DEEP DIVE
Benzinga
Benzinga is excited to announce its upcoming webinar, " SPORTS BETTING, GAMING & ESPORTS: A DEEP DIVE," scheduled for Thursday, May 16th, at 11 AM EST. This engaging event will bring together industry leaders, professionals, and enthusiasts to explore the dynamic and evolving landscape of sports betting, gaming, and esports. Details: Title: SPORTS BETTING, GAMING & ESPORTS: A DEEP DIVE Date: Thursday, May 16, 2024 Time: 11:00 AM EST Description: In recent years, the convergence of sports betting, gaming, and esports has reshaped the entertainment and investment landscape. This webinar will delve into the rise and intersection of these industries, providing valuable insights into emerging trends and what the future holds for investors and enthusiasts alike. Speakers: Chad Beynon - Senior Gaming, Lodging & Theatres Analyst, Macquarie Jordan Bender - Senior Equity Research Analyst, Citizens JMP Joey Levy - Founder & CEO, Betr Charles Gillespie - Founder & CEO, Gambling.com This is a free virtual event. Don't miss this opportunity to gain valuable insights into the future of these explosive industries. Register Here! For further details and registration, please visit the event registration page. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. Contact Details Benzinga +1 877-440-9464 drew@benzinga.com Company Website http://www.benzinga.com
May 15, 2024 10:30 AM Eastern Daylight Time
