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Foresight Solar Fund eyes growth and Spanish expansion amid market challenges

Foresight Solar Fund Ltd

Foresight Solar Fund Ltd (LSE:FSFL) fund manager Ross Driver joins Proactive's Stephen Gunnion ahead of a capital markets days with an overview of the company's strategy and performance. Driver outlined the company's initiatives, such as reducing debt, executing a share buyback programme, and investing in developmental stage assets to stimulate future growth. Despite a challenging 2023, the company reported a record year for cash generation, benefiting from high price fixes. Additionally, it utilised significant cash reserves to further the buyback, utilising £30 million of the allocated £40 million. Driver highlighted the challenges and opportunities within the UK and Spanish energy markets. In the UK, the Battery Energy Storage System (BESS) market has faced issues like reduced wholesale revenues and project overlooks by system operators, necessitating adjustments. Conversely, Spain offers a nascent market, promising due to its high solar penetration and favourable conditions for battery storage. Driver said Foresight Solar Fund aims to leverage early mover advantages in Spain, developing projects that fit well into the existing grid and anticipating double-digit returns from these initiatives. Overall, Foresight Solar Fund is focusing on maintaining strong yield and net asset value (NAV) preservation while looking for growth opportunities through development, targeting a 1-2% NAV increase over time. Contact Details Proactive Investors +44 20 7989 0813 uk@proactiveinvestors.com

May 13, 2024 10:49 AM Eastern Daylight Time

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Lisata Therapeutics gets 2024 off to a strong start as it prepares for crucial ASCEND trial results

Lisata Therapeutics Inc

Lisata Therapeutics Inc (NASDAQ:LSTA) CEO David Mazzo tells Proactive's Stephen Gunnion that 2024 is a pivotal year for the oncology company, with Phase 2b ASCEND trial top-line data expected in the fourth quarter. Discussing the company's first-quarter milestones, Mazzo said the results are anticipated to be foundational for the company's future, potentially leading to provisional approval applications in Australia and subsequent discussions with the FDA and EMA. Mazzo highlighted Lisata's effective cash management, with over $43 million in funds ensuring operations into 2026. The company has achieved several regulatory milestones, including orphan designations for pancreatic cancer and glioma in the EU and US, and a rare pediatric disease designation for osteosarcoma in the US. Additionally, Mazzo discussed the rapid progress of the BOLSTER trial in cholangiocarcinoma, expected to provide early data points in 2025. The company plans to expand its trials and anticipates potential partnership announcements by year-end, driven by these developments. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 13, 2024 10:45 AM Eastern Daylight Time

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HANetf's Hector McNeil discusses shifting investment focus beyond 'Magnificent Seven'

HANetf Holdings Limited

HANetf co-founder and co-CEO Hector McNeil suggests a strategic shift in investment from dominant tech stocks to broader tech themes. In an interview with Proactive's Stephen Gunnion, McNeil advocated diversifying away from the 'Magnificent Seven,' big tech firms, due to their high PE ratios and concentration risks. He highlights the potential of broader tech investments, particularly through ETFs that offer diversified exposure across various tech sub-sectors, including robotics, cybersecurity, and digital entertainment. McNeil emphasised the benefits of equal-weighted ETFs, such as the HAN-GINS Tech Megatrend Equal Weighted UCITS ETF (ITEK) which ensures no single stock dominates the index, providing a balanced investment approach. Additionally, he explored opportunities outside the traditional tech sector, particularly in emerging markets. McNeil underscored the growth potential in the e-commerce sector within these markets, driven by high growth rates and an absence of state-owned enterprises. He pointed out specific ETFs like the EMQQ Emerging Markets Internet & Ecommerce UCITS ETF (EMQQ), which focuses on major market e-commerce, and discussed the significant gains of companies like Pinduoduo and Tencent. McNeil also mentioned the Future Defense UCITS ETF (NATO), which has gained traction by capitalising on the rising importance of cybersecurity in global defence strategies. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 13, 2024 10:43 AM Eastern Daylight Time

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Ilika CEO discusses £3.4 million capital raise to fund development of Goliath solid-state batteries

Ilika PLC

Ilika PLC CEO Graeme Purdy joined Proactive's Stephen Gunnion with details of a share placing and open offer to retail investors aimed at raising up to £3.4 million. Purdy explained the capital injection is targeted at furthering the development of its Goliath technology. The company recently entered into a 12-month collaboration with Tata Group subsidiary Agratas to evaluate Goliath technology, during which Ilika intends to achieve its remaining milestones. Additionally, Ilika plans to use the funds to upgrade its dry room facilities to handle moisture-sensitive materials more effectively. This involves lowering the dew points to reduce environmental humidity, crucial for its leading-edge battery development. The capital will also help in enhancing its testing facilities to accommodate larger battery sizes, which are necessary to meet increased power requirements and customer expectations. Purdy highlighted key achievements including reaching the D4 development point and approaching the D8 milestone, which is set for Q1 2025. The advancements aim at achieving lithium-ion energy density parity and improving battery performance. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 13, 2024 10:40 AM Eastern Daylight Time

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Light Science Technologies secures first distribution agreement with South Africa's AgriLogiq

Light Science Technologies Holdings PLC

Light Science Technologies Holdings PLC (AIM:LST) Simon Deacon joined Proactive's Stephen Gunnion with details of its first distribution agreement for its nurturGROW lights with AgriLogiq Technical Systems. The partnership aims to enhance the South African agricultural sector by leveraging controlled environment agriculture technology, addressing challenges like extreme weather and pests. Deacon highlighted the increasing difficulty of traditional farming in South Africa and how technology can improve yield in indoor environments. nurturGROW is a line of lighting solutions designed for various crops, offering enhanced yields and returns. The agreement with AgriLogiq is set for five years, with potential extensions and opportunities for collaboration in other markets. Deacon outlined the company’s strategy to expand its distribution network, focusing initially on significant growth areas in South Africa, where the market is valued at $3.7 billion. Plans for further expansion include New Zealand, Australia, the Middle East, and the Americas, with the controlled environment agriculture market in these regions representing a significant opportunity, evidenced by a quoted pipeline of over $50 million. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 13, 2024 10:38 AM Eastern Daylight Time

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Atlantic Lithium discusses key project developments and Ghana Stock Exchange listing

Atlantic Lithium Limited

Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) Executive Chairman Neil Herbert and General Manager for Exploration Iwan Williams discuss several key updates in an interview with Proactive's Stephen Gunnion. Herbert shared his thoughts on Ganfeng Lithium's plan to take full control of the Goulamina Project in Mali, highlighting that it leaves Atlantic Lithium's Ewoyaa property in Ghana as one of the few remaining independent lithium projects in Africa slated for production. He noted the Ewoyaa project's low capital and operational expenses, deeming it significant for the lithium industry amid growing demand for electric vehicles and battery production, particularly in China. Williams, recently appointed to the post, elaborated on his extensive background in mineral exploration across Africa and beyond, bringing over 30 years of experience to his role at Atlantic Lithium. He detailed recent exploration activities, including drilling at the Dog-Leg target at Ewoyaa, aimed at expanding the mineral resource. Future plans include further drilling to explore depth extensions of pegmatite formations, indicating optimism for significant resource growth. Additionally, Herbert discussed the upcoming listing of Atlantic Lithium on the Ghana Stock Exchange, emphasising it as a milestone for local investment and a commitment made to the Ghanaian government. He also outlined ongoing offtake discussions and regulatory progress expected to significantly impact the company's funding and project development timeline. Contact Details Editorial +44 20 7989 0813 uk@proactiveinvestors.com Company Website https://www.proactiveinvestors.co.uk

May 13, 2024 10:35 AM Eastern Daylight Time

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Premier African Minerals reaches milestone at Zulu lithium plant with saleable spodumene concentrate

Premier African Minerals Ltd

Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) chief executive George Roach joined Proactive's Stephen Gunnion with an update on the company's Zulu lithium plant in Zimbabwe and the next steps to reach full capacity. Roach detailed the successful continuous operation of the plant's flotation circuit, which is now producing saleable spodumene concentrate. He discussed ongoing optimisations to enhance the plant's performance, including modifications to increase the energy used in the scrubbing process before flotation. He noted that spodumene recovery rates in lab tests were as high as 80-90%. Despite these advances, the plant is currently operating at only 50% of its designed throughput capacity, targeting 50 tonnes per day, with plans to rapidly scale up operations. Roach also highlighted the internal development of a new reagent that has contributed to higher-than-expected recovery rates. Additionally, Roach said he is in Harare to secure export permits, which are critical for scaling up production and distribution, emphasising the company's efforts to reach full capacity and regulatory compliance for exports in the near future. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 13, 2024 10:31 AM Eastern Daylight Time

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Rick Wiles Challenges Rep. Brian Mast in Florida's House District 21

Faith & Values News

A competitive two-candidate race has heated up in Florida's House District 21 after Florida's Secretary of State certified the name of a Ft. Pierce businessman to appear on the Republican Party primary ballot next to Congressman Brian Mast. Rick Wiles is a businessman, media entrepreneur, 25-year broadcasting and podcasting veteran, film producer, author, and retired pastor. He filed a certificate of candidacy in Tallahassee to unseat Congressman Brian Mast in the August 20 Republican primary election. Over 210,000 people viewed his candidacy announcement on X (formerly Twitter). Wiles said he was motivated to challenge Rep. Mast by four issues. Wiles said he was shocked and disgusted when he saw a photograph of Rep. Mast wearing an Israeli military uniform in Congress and learning that Mr. Mast has traveled to Israel to participate in IDF activities. Wiles blasted Mast's actions as "treasonous." He vowed to introduce the Brian Mast Foreign Military Uniform Anti-Treason Act that would make it a felony punishable by ten years in prison for any member of the U.S. Congress or congressional staff members to wear any foreign military uniform and to participate in foreign military activities in another country outside the legal jurisdiction of the Department of Defense or NATO. "Brian Mast dishonored every member of the American Armed Forces and all our veterans by wearing an IDF uniform and volunteering to serve in Israel,” said Wiles. "He particularly insulted my good friends in the USS Liberty Veterans Association who lost 34 shipmates during a surprise IDF attack in 1967.” Wiles said Mast's allegiance to the Israeli army makes the Florida congressman a national security risk. "Mr. Mast cannot be trusted with classified national security information that would benefit Israel." Wiles vowed that he would never wear a foreign military uniform. "Where do we draw the line?," Wiles asked. "Should we have a National Foreign Military Uniform Costume Day? If Mast can wear an IDF uniform to Congress, why can’t others wear Chinese, Ukrainian, French, or Russian army uniforms? Mr. Mast’s traitorous behavior crossed the line and opened the door for more members to wear foreign uniforms in Congress,” warned Wiles. "I hope the voters reprimand Mr. Mast for his undignified and outrageous behavior." Funding for foreign wars is the second reason Mr. Wiles decided to challenge Brian Mast for the Republican nomination. "Our Congress has lost its mind," said Wiles. "The Congress spends one trillion dollars every 100 days that it must borrow from foreign lenders so that Washington can give away the money to foreign governments. Brian Mast loves to finance foreign wars, especially Israel’s genocidal war against the Palestinian people," said Wiles. The challenger promised to vote against all bills that finance foreign wars and militaries. "It is time we take care of America,” said the Republican populist. Wiles said he would wage an aggressive door-to-door campaign throughout District 21 to meet voters face-to-face. "Mr. Mast already has millions of dollars in his campaign account, most of it from pro-Israel donors. I don’t have money, but I have the time and energy to walk door-to-door between now and August 20." Mr. Mast's support for a federal ban on semi-automatic rifles and shotguns was the third issue that motivated Mr. Wiles to challenge the incumbent. "Brian Mast has something in common with Joe Biden, Nancy Pelosi, Charles Schumer, and Adam Schiff. All five want to ban your ownership of semi-automatic rifles and shotguns,” said Wiles. “Mast is a gun-grabber. He’s got to go.” Rep. Mast's derogatory remarks about Fort Pierce were the fourth issue that pushed Wiles to enter the House race. "Mr. Mast trash-talked about my hometown. He humiliated the citizens of Ft. Pierce by calling it a God-awful, dilapidated city. He also embarrassed our Republican Mayor Linda Hudson by demanding her resignation. I hope the people of Fort Pierce teach Brian Mast a lesson in good manners on August 20," said Wiles. Mr. Wiles' company, Faith & Values Media Group Inc., produces and distributes faith-based media content. Mr. Wiles is a retired pastor of Flowing Streams Church. The church recently sold its 10-acre complex in Vero Beach, FL, and transitioned to a digital-only media church. Mr. Wiles teaches an online Bible study called Morning Manna that attracts thousands of students each weekday. Mr. Wiles has long hosted TruNews, a hard-hitting and controversial weekday news analysis and commentary program. He traveled twice as a news reporter to the World Economic Forum in Davos, Switzerland, with the Trump White House in 2018 and 2020. Mr. Wiles has also attended numerous technology and FINTECH conferences in Europe and Asia. Jordan’s King Abdullah II invited Mr. Wiles in December 2022 to a royal banquet in Amman where the King unveiled his ambitious plan to preserve and enhance the historic site where Jesus was baptized in Jordan. The new Republican candidate is the author of Final Day: 10 Characteristics of the Second Coming of Jesus Christ. Mr. Wiles is the executive producer of Sacrificing Liberty, an epic four-part documentary film about Israel's 1967 attack on the USS Liberty. Mr. Wiles is an honorary member of the USS Liberty Veterans Association. Mr. Wiles and his wife Suzie will celebrate their 50th wedding anniversary on June 1. They have a son in Palm City and a daughter in Fort Pierce. The couple has ten grandchildren. Eight of them are adopted. Mr. and Mrs. Wiles reside on Muller Road in Fort Pierce. This press release paid for by Rick Wiles 2024 Committee. Contact Details Rick Wiles 2024 Committee +1 772-356-4477 campaign@rickwiles2024.com

May 13, 2024 10:30 AM Eastern Daylight Time

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Diversified Energy Company Achieves Strong Results, with Robust Production and Financial Performance

Diversified Energy Company PLC

Diversified Energy Company CEO Rusty Hutson Jr. joined Steve Darling from Proactive to announce that the company is on track with its expectations and is witnessing tangible outcomes. In the first quarter of 2024, the company recorded an average production of 723 MMcfepd, with an exit rate of 742 MMcfepd. Additionally, Diversified Energy achieved 1Q24 Adjusted EBITDA of $102 million and Free Cash Flow of $74 million. Notably, the company realized a 48% Adjusted EBITDA Margin and a TTM Free Cash Flow Yield of 31%. The prudent hedging program also yielded $22 million in gains on settled derivatives, contributing to a 28% uplift to Adjusted EBITDA. Hutson expressed satisfaction with the solid operational and financial results, attributing them to the company's strategic focus on cost reduction opportunities. This focus translated into a notable 7% sequential quarterly operating cost improvement. Moreover, he announced the commencement of operations at the Black Bear processing facility, marking a strategic milestone for the company. This achievement underscores Diversified Energy's ability to leverage its in-house expertise to unlock value and generate meaningful cash flow. The Black Bear facility, integrated with the company's natural gas production, is expected to contribute approximately $9 million in additional margin creation annually. Furthermore, it offers potential upside through the processing of third-party gas and accretive bolt-on acquisitions in the Cotton Valley and Haynesville region. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 13, 2024 10:28 AM Eastern Daylight Time

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