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Sovereign Metals steps up operations with new CTO and industrial equipment

Sovereign Metals Ltd

Sovereign Metals Limited managing director Frank Eagar joins Proactive's Stephen Gunnion with details of key developments. The company has appointed Dr Surinder Ghag as chief technology officer for graphite, marking a strategic move to enhance its operations in graphite production, particularly for the lithium-ion battery industry. Garg, noted for his expertise in anode materials for batteries, is expected to play a critical role in developing Sovereign Metals’ downstream test work programs. Sovereign Metals also announced the procurement of an industrial-scale spiral concentrator, which will be used to increase graphite concentrate sample preparation at their Malawi facility. This equipment is intended to replicate the plant's future operations and is currently being commissioned in Cape Town before being shipped to Malawi. This setup will enable Sovereign Metals to produce larger bulk samples of graphite concentrate, crucial for qualifying the material for high-end applications like battery manufacturing. Eagar highlighted that graphite will account for 50% of the company's revenue streams, underscoring its importance to their business model. Looking ahead, Sovereign Metals is planning a trial mine and trial rehabilitation program in collaboration with strategic investor Rio Tinto, aiming to generate the necessary materials for the new spiral concentrator plant. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

May 01, 2024 10:35 AM Eastern Daylight Time

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Strip Tinning reports 2023 results; eyes major growth with new automotive and EV technologies

Strip Tinning Holdings PLC

Strip Tinning Holdings PLC (AIM:STG) executive chairman Adam Robson joined Proactive's Stephen Gunnion with an overview of the company and highlights of its 2023 financial year. Founded in Birmingham 50 years ago, Strip Tinning originally manufactured copper strips for automotive demisters. Over time, it evolved into a specialist producer of connectors used in car glazing systems, integrating electronics like aerials and radar within automotive glass. Recently, the company expanded into the Battery Technologies division, targeting the burgeoning electric vehicle (EV) market with specialised connectors for battery packs, marking a significant diversification of its product offerings. Robson highlighted 2023 as a pivotal year, featuring robust commercial progress with a revenue of £10.8 million and an adjusted EBITDA of £0.1 million. The Glazing division, contributing the majority of sales, achieved a substantial turnaround, with gross margins increasing from 6% in 2020 to 40% in 2023. This recovery is credited to strategic adjustments made in response to external challenges like the Ukraine conflict and inflationary pressures. Additionally, the company recently secured significant new orders, bolstering its order book by 91% and promising considerable future growth. Looking ahead, Robson envisions 2025 as a transformative year for Strip Tinning, driven by these new ventures, especially in the EV and smart glass markets. A recent capital raise of £5.1 million is aimed at supporting these growth ambitions, positioning the company for a potential doubling of sales over the next three years. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

May 01, 2024 10:32 AM Eastern Daylight Time

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Rainbow Rare Earths and US critical minerals policy: CEO George Bennett's insights

Rainbow Rare Earths Ltd

Rainbow Rare Earths Ltd CEO George Bennett joins Proactive's Stephen Gunnion with details of a Financial Times feature that highlighted the company's Phalaborwa rare earths project as a bellwether for US critical minerals policy. Bennett highlighted the US Development Finance Corporation's commitment of $50 million to Phalaborwa, which is recognized for its potential to become the highest-margin rare earth project globally. Despite recent volatility in critical mineral prices, Bennett stated that Rainbow could maintain substantial EBITDA margins even at lower market prices due to its strategic and economical project design. Bennett also addressed the global dependency on Chinese rare earth supplies, noting China’s dominance in production and processing critical for modern technology and defence applications. He proposed that the US government should consider stockpiling rare earths to secure a stable supply chain outside of China. This would support the development of a strategic supply chain in the West, enhancing global supply security. Furthermore, Bennett expressed confidence in the resilience of the Phalaborwa project against price fluctuations, citing its innovative recycling of gypsum waste in South Africa as a key factor in its low production costs and high profitability potential. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 01, 2024 10:21 AM Eastern Daylight Time

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Nexus Minerals announces significant expansion of Crusader Templar resource

NEXUS MINERALS LIMITED

Nexus Minerals Ltd managing director Andy Tudor joined Proactive's Stephen Gunnion with details of a significant expansion of the Crusader Templar resource at the Wallbrook gold project, which now exceeds 300,000 ounces. This growth is attributed to extensive drilling activities conducted throughout 2021 and 2022, with the resource update encompassing a more comprehensive analysis of the geology and mineralisation. Tudor emphasised the higher quality of this resource, marked by a lowered cut-off grade that better reflects the deposit's specific characteristics. Economic factors have played a crucial role in the updated resource estimate, with increased emphasis on potential economic extraction prospects, which have been integrated into the 2024 Mineral Resource Estimate. The updated estimate also considers dilution, recovery rates, and current gold prices, among other economic variables. Tudor also discussed ongoing mining studies and a scoping study that is well underway, which incorporates extensive current data on metallurgy, geotechnical aspects, and environmental factors. This includes flora and fauna surveys, heritage assessments, and logistical considerations such as proximity to existing infrastructure. Despite the significant increase in the resource estimate, Nexus Minerals continues to explore further, with additional drilling planned to enhance the understanding of the deposit's potential and refine the economic viability of extracting these resources. Contact Details Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 01, 2024 10:11 AM Eastern Daylight Time

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ETC Group's Bradley Duke discusses bitcoin trends and new ETP launch

HANetf Holdings Limited

ETC Group founder and chief strategy officer Bradley Duke discusses recent trends in Bitcoin's market performance and future expectations with Proactive's Stephen Gunnion. He noted Bitcoin's peak prices above $72,000 in March and April, attributing these to the SEC approval of spot Bitcoin ETFs in the US. Duke described the subsequent price retracement to below $60,000 as a normal aspect of market cycles, involving profit-taking and no cause for panic. Regarding the Bitcoin halving event, Duke explained that while immediate effects on Bitcoin prices are minimal, historical data shows significant price movements tend to occur around 100 days post-halving, with the most pronounced effects about 400 days later. He linked these movements to reduced mining rewards, which gradually impact supply and, by extension, prices. Additionally, Duke shared ETC Group's projection that Bitcoin could reach or surpass $100,000 by the end of 2024, which is conservative compared to some investment bank forecasts. He also highlighted the launch of the ETC Group Core Bitcoin ETP (BTC1), designed to enhance liquidity by aligning with trading times across North America, Europe, and Asia Pacific. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 01, 2024 10:09 AM Eastern Daylight Time

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CEO Roby Zomer discusses Argent BioPharma's future in pharmaceuticals

Argent BioPharma Ltd

Argent BioPharma managing director and CEO Roby Zomer speaks to Proactive's Stephen Gunnion following the company's rebranding from MGC Pharmaceuticals, alongside a comprehensive restructuring. Zomer explained the shift marks a refined focus on the pharmaceutical sector, discarding previous activities not aligned with pure pharmaceutical processes. Zomer highlighted the company’s advancement in drug discovery, particularly through a multidisciplinary approach and modern technologies such as nanotechnology and mRNA modulation. These innovations are targeted at addressing unmet medical needs. The company has developed notable products including CannEpil and CimetrA. CannEpil targets refractory epilepsy and has shown efficacy in controlling seizures without reported adverse events. CimetrA, developed during the COVID-19 pandemic, is designed to alleviate COVID-19 symptoms and prevent cytokine storms, with potential applications in treating other autoimmune diseases. Both drugs are now being prescribed in key markets including the United States and Europe. Zomer expressed optimism about the future, emphasizing ongoing research and progress in obtaining regulatory approvals. The focus will remain on enhancing early patient access schemes, which are expected to significantly impact revenue. Over the next 24 months, Argent BioPharma plans to introduce more innovative treatments to the market. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

May 01, 2024 10:07 AM Eastern Daylight Time

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Immunic Phase 2 EMPhASIS trial data highlighted in peer-reviewed neurology journal

Immunic Inc

Immunic Inc (NASDAQ:IMUX) CEO Dr Daniel Vitt joined Proactive's Stephen Gunnion with news of the publication of extended data from the Phase 2 EMPhASIS trial of vidofludimus calcium in relapsing-remitting multiple sclerosis (RRMS) in the peer-reviewed journal, Neurology® Neuroimmunology & Neuroinflammation, an official journal of the American Academy of Neurology. Vitt noted that the EMPhASIS trial demonstrated a notable reduction in gadolinium-enhancing lesions by 78% and 74% in two high-dose groups compared with the placebo. These results also correlate with improvements in serum neurofilament light chain levels, consistent with recent interim phase 2 clinical data from the ongoing CALLIPER trial in progressive MS, indicating ongoing progress in the field. Vitt highlighted the study's contribution to understanding the neuroprotective and anti-inflammatory effects of the treatment under investigation. The drug's potential impact on the treatment landscape of MS, particularly its role in addressing disease progression independent of relapse activity, was emphasized. Immunic is also conducting the CALLIPER trial in progressive MS, with key results expected by April 2025. Additionally, the phase 3 ENSURE trials are actively enrolling, with projected readouts in 2026. Dr Vitt expressed optimism about the drug's unique profile, combining safety and effectiveness in potentially altering the management of all forms of MS. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 01, 2024 10:02 AM Eastern Daylight Time

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May is Motorcycle Safety Awareness Month Gear Up for Safety with Airbags Save

YourUpdateTV

As the weather warms up, motorcycles become increasingly popular modes of transportation. Recently, President at Cycle Gear, Stevan Popovich, conducted a satellite media tour to talk about “Airbags Save", a national safety campaign aimed at raising awareness about innovative solutions in motorcycle safety and to share tips for safer riding experiences. A video accompanying this announcement is available at: https://youtu.be/FmNlhqh1jh4 While wearable airbag devices have been around for years, they are finally becoming attainable for the average rider. Like the airbag in cars, a wearable motorcycle airbag inflates in a fraction of a second to protect the rider in the event of a crash or impact. These airbags provide essential protection for the vital organs, including the spine, ribcage and even the neck/collarbone area, reducing up to 93% of impact force and the risk of injury. According to recent research by Darvin Research & Consulting, 42% of the U.S. adult population has a loved one that regularly rides a motorcycle. And 85% say they worry about the safety of their loved ones because they ride a motorcycle. Upon learning about wearable airbags, an overwhelming 96% expressed a desire for their loved ones to utilize this life-saving technology. Airbags Save is a multi-year effort to educate communities across the country about the evolution of motorcycle safety technology. Specifically, wearable airbags. Most people don’t know that wearable airbag technology has been around for years and protects riders every day. Here's what's essential to understand about motorcycle wearable airbags: Comfort and Wearability: They are designed as a vest, worn over clothing but under your typical riding jacket. They are engineered for comfort, ensuring that you barely notice them as you ride. Impact Absorption: In the event of deployment, the airbag envelops the torso, providing comprehensive protection. For instance, the Alpinestars Tech-Air 5 model is capable of absorbing up to 93% of the impact force, often allowing riders to escape potentially hospital-bound crashes. The often-televised motorcycle race crashes, where riders walk away without major injuries, are a testament to the airbag's protective capabilities. Types of Airbags: Two main varieties exist: Tethered: These are physically connected to the motorcycle, and if the rider is ejected from the bike, the tether initiates the inflation of the airbag. AI Algorithm-Driven: These incorporate a sophisticated internal computer system, complete with gyroscopes and accelerometers, to monitor the rider's motion 1,000 times per second. This technology is so advanced it can predict and respond to a crash faster than the rider's own reflexes. For a deeper dive into this life-preserving gear, visit CycleGear.com/airbags. Here, you can explore the various options and learn more about the advancements that are keeping riders safe on the roads. About Stevan Popovich Stevan Popovich is the President of Cycle Gear and oversees the operations of the country's largest power sports aftermarket omnichannel retailer, consisting of 165+ brick & mortar locations across over 40 states. With over 20 years of experience in the specialty outdoor sporting goods industry, Stevan began his journey as a General Manager of a small New England outdoor retail chain and has steadily advanced in the industry by mastering successful business processes and cultivating strong, trusting relationships with customers. Outside of his professional role, Stevan is an active member of the MIC Aftermarket Parts Committee and serves as a Board Member for the Right Rider Access Fund. His leadership philosophy revolves around empowering his team and ensuring accountability through managing performance outcomes. By aligning strategy with a deep understanding of the customer base, he facilitates growth and financial success. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 01, 2024 10:01 AM Eastern Daylight Time

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How Digbee's assessments are shaping Asante Gold's future sustainability

Digbee Limited

Digbee Limited founder and CEO Jamie Strauss and Asante Gold's executive vice president and country director Frederick Attakumah joined Proactive's Stephen Gunnion to discuss the impact of Digbee's assessments on Asante Gold's operations. Attakumah highlighted how the second Digbee assessment has been crucial for Asante Gold in demonstrating its commitment to sustainability and environmental standards. The assessment has enabled the company to communicate its initiatives effectively to stakeholders, including regulators and community members, helping to strengthen its corporate responsibility. Further, Attakumah outlined Asante's goals for the next 12 months, focusing on achieving zero harm in their operations, advancing their resettlement project, reviewing emergency and rehabilitation plans, and enhancing their climate resilience strategy. The transition to natural gas as a power source was noted as a significant step in reducing carbon emissions. Strauss discussed the broader implications of sustainability for the industry, emphasising that it is not merely a compliance measure but a significant value-add and a way to protect the social license to operate. He noted that effective management and communication of sustainability initiatives could lead to higher company valuations and lower the cost of capital. Contact Details Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

May 01, 2024 10:00 AM Eastern Daylight Time

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