All Industries

West Red Lake Gold CEO Shane Williams: "Putting A Mine into Production is Something I've Done Before."

West Red Lake Gold Mines Ltd.

April 23, 2024 – TheNewswire – Global Stocks News – In a press release dated April 18, 2024, West Red Lake Gold Mines (TSXV:WRLG) (OTC:WRLGF) reported drill results from its 100% owned Madsen Mine in Ontario. The drill results featured in the April 18 PR were focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces @ 8.7 grams per tonne gold, with an additional Inferred resource of 31,800 oz @ 8.7 g/t Au. The purpose of this drilling was definition within South Austin to continue building an inventory of high-confidence ounces for eventual restart of the Madsen mill. Click Image To View Full Size April 18, 2024 DRILL HIGHLIGHTS: Hole MM24D-07-4198-001 Intersected 1.1m @ 68.36 g/t Au, from 74.25m to 75.35m, Including 0.5m @ 145.44 g/t Au, from 74.85m to 75.35m Hole MM24D-07-4198-002 Intersected 3.95m @ 13.83 g/t Au, from 7.55m to 11.5m, Including 0.5m @ 105.72 g/t Au, from 7.55m to 8.05m. The high-grade mineralization encountered near the collar (top of hole) in Holes MM24D-07-4198-002 and MM24D-07-4198-006 is believed to be the down-dip continuation of a mineralized zone defined further up in the system. These intercepts are expected to extend this zone in future model updates. Click Image To View Full Size FIGURE 3. South Austin plan view drill section showing assay highlights for Holes MM24D-07-4198-001 through -006. [1] Previously announced highlights on the North and South Austin drilling can be viewed at the following links: West Red Lake Gold Intersects 25.12 g/t Au over 5.5m, 39.46 g/t Au over 2m and 18.60 g/t Au over 4m at South Austin Zone – Madsen Mine (March 4, 2024) West Red Lake Gold Intersects 9.15 g/t Au over 3.3m and 10.66 g/t Au over 2.6m at North Austin Zone – Madsen Mine (February 7, 2024) West Red Lake Gold Intersects 47.44 g/t Au over 3.2m, 21.64 g/t Au over 7m and 296.83 g/t Au over 1m at South Austin Zone – Madsen Mine (December 5, 2023) West Red Lake Gold Intersects 27.15 g/t Au over 10.28m and 22.31g/t Au over 8.5m at North Austin Zone – Madsen Mine (November 21, 2023) WRLG’s flagship asset - The Madsen Gold Mine in Ontario – was targeted for acquisition by Canadian philanthropist and financier Frank Giustra who formed Wheaton River Minerals which was sold to Newmont for USD $10 billion in 2019. WRLG’s previous operator was under-capitalised. Debt repayment obligations forced the company into a quick-to-cash-flow mine model that was expensive and inefficient and lead to sub-economic production. The Madsen Gold Mine – is fully permitted and has a brand-new 800+ tonne per day mill, a tailings and water treatment facility. [1] The strategy for the Madsen Mine Restart is: 1. De-risk Resources (in-fill and expansion drilling, UG development 2. Restart Planning (engineering, mill expansion assessment, optimisation 3. Restart Execution (assembling team, community relations, focus on operability and profitability). The Madsen Mine deposit presently hosts an NI 43-101 Indicated resource of 1.65 million ounces of gold grading 7.4 g/t gold and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t gold. [2.] [3.] Click Image To View Full Size WRLG President & CEO Shane Williams recently spoke with the contagiously energetic Thomas George (CFA), President of Grizzle, a media company focused on “the dynamics of the new economic paradigm.” George was formerly Director of Global Resources at TD Management and lead Portfolio Manager for over $1 billion of global equities (resource and sustainability funds). He has been featured on Fox Business, CNBC, Bloomberg, CTV, CBC and the National Post. “Mining is the lifeblood of wealth that can transform an entire community,” Williams told George in a wide-ranging conversation. “Young people today are socially conscious. They are concerned about the environment. In Canada, every mining project goes through a rigorous Environmental Assessment Process. It’s one of the best in the world. We should be promoting mining in Canada.” Williams has designed, built and operated mines (open pit and underground) in Greece, Turkey and Canada - for Skeena Resources, Eldorado Gold and Rio Tinto. “I'm not an exploration guy,” explained Williams. “I need to be involved in something that's growing and building. That's why I got involved in West Red Lake Gold. It's near-term production. Putting an asset into production is something I’ve done before. Some of the mines are still in operation today. That gives me great satisfaction.” Click Image To View Full Size “We are very pleased with the results that have been coming out from the South Austin definition program,” stated Williams. “The team has been intercepting zones of mineralization where expected, which is helping to increase our confidence in the higher priority areas of the resource model and validates our interpretation of the geology.” Click Image To View Full Size Between October 2, 2023 and April 15, 2024 gold rose USD $570 from $1,830 to $2,400. On April 22, 2024 it pulled back about $70/ounce to $2,344. “So far, these are just routine downside price corrections in major bull-market runs,” stated Kitco Gold. “There has also been a perceived easing of tensions in the Middle East, which is a negative for the safe-haven metals.” “Now that we have added a second underground drill at North Austin, we expect to be generating a steady stream of positive news flow from North and South Austin over the coming months,” concluded Williams in the April 18, 2024 PR. Disclaimer: West Red Lake Gold paid GSN $1,500 CND for the research, writing and dissemination of this content. Contact: guy.bennett@globalstocksnews.com Full Disclaimer References: SRK Consulting. (2021). Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada (West Red Lake Gold Mines, Ed.) [Review of Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023. The Madsen Resource Estimate has an effective date of December 31, 2021 and excludes depletion of mining activity during the period from January 1, 2022 to the mine closure on October 24, 2022 as it has been deemed immaterial and not relevant for the purpose of the updated report. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca

April 23, 2024 09:01 AM Eastern Daylight Time

Video Image

Element79 Gold Corp Reports Additional Assay Results Reinforcing Lucero Project's Momentum

Element79 Gold Corp.

VANCOUVER, BC / T he N ewswire / April 23, 2024 – Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) ("Element79", the "Company ”) reports additional results from the most recent underground and surface sampling of its flagship Lucero property. These geochemical assays of exploration samples continue to support the immense potential housed within Element 79’s crown jewel. “The data obtained is not just promising; it's the cornerstone upon which our future endeavors will be built,” said James Tworek, CEO of Element 79. “These recent results coupled with historical data represent the bedrock upon which we are advancing our Lucero project.” Among a total of 97 samples were sent for assays, 56 of which returned greater than 0.1 g/t gold ( up to 8.55 g/t gold and 523 g/t silver ) which are shown in Table 1. Several samples also were also rich in base metals ( up to 23.7% lead and 9.9% zinc ), all of which underscores the richness of our project further supporting the Company’s belief a robust resource base can be delineated. Click Image To View Full Size Figure 1. Fall 2023 Sample locations (yellow stars), mapped workings (crosses), with selected Samples highlighted. Table 1. Samples returning >0.1 g/t gold from the fall 2023 sampling program, C (channel sample), G (grab sample), S (surface), U (underground). All Samples were sent for To CERTIMIN S.A. Laboratories, Lima, Peru for analysis. Standards and duplicates were inserted every 10 th samples. Recent data from assay results is pivotal for Element 79. Firstly, it will serve as the foundation for the Company’s resource development and future mine planning. These reports are both essential steps the mine evaluation process and highlights crucial milestones in demonstrating the project's viability. Secondly, this data will inform the direction of the Company’s upcoming 2024 drill program, which will be guided by a 3D modelling of both geology and historic mine workings, designed to maximize efficiency and accuracy. The 3D model will harness the comprehensive dataset that has been amassed, including historic data compilation from the past-producing era leading up to 2005, current surface and underground geochemistry, review and channel sampling of underground workings, mapping (both underground and surface), geophysical surveys, as well as cross-sectional and longitudinal interpretations. Tworek continues: “This data helps to prove from a methodical and unbiased perspective where both the ore “is” as much as where the ore “isn’t”. When modelled in conjunction with past sampling data and historical production data, this proves that the current underground addits and open veins as well as their surface level expressions are strong economically, where future exploration and drilling campaigns will highlight where we will focus for ore extraction.“ As the Element79 team moves forward, its confidence is both in the skill and experience of its team as well as the continued positive results its work programs have yielded. The Company’s mission is to maximize shareholder value through continued development of the Lucero project, by bringing it back into commercial production, in a safe, ethical, sustainable and profitable fashion. Qualified Person The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Director of Element79 Gold and a "qualified person" as defined by National Instrument 43-101. About Element79 Gold Corp. Element79 Gold is a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's focus is on devel oping its past-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to restart production in 2024. The Company also holds a portfolio of 5 properties along the Battle Mountain trend in Nevada, with the Clover and West Whistler projects believed to have significant potential for near-term resource development. Three properties in the Battle Mountain Portfolio are under contract for sale to Valdo Minerals Ltd., with an anticipated closing date in the first half of 2024. The Company has also signed an Option Agreement to sell the Maverick Springs project, an advanced-stage exploratory property with an Inferred Resource of 3.71MMoz AuEq (1.37MMoz Au and 175MMoz Ag) (see 43-101 technical report titled: Amended Technical Report on the Maverick Springs Project, Nevada, USA, by Allan Armitage, PhD., P.Geo, and Rohan Millar, B.Sc. P.Geo., dated October 7, 2022, available on SEDAR) and anticipates completing this sale on or before July 21, 2024. In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. The Company has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, and has recently announced that it has transferred this project to its wholly owned subsidiary, Synergy Metals Corp, and is advancing through the Plan of Arrangement spin-out process. For more information about the Company, please visit www.element79.gold Contact Information For corporate matters, please contact: James C. Tworek, Chief Executive Officer E-mail: jt@element79gold.com For investor relations inquiries, please contact: Investor Relations Department Phone: +1.403.850.8050 E-mail: investors@element79.gold Cautionary Note Regarding Forward Looking Statements This press contains "forward‐looking information" and "forward-looking statements" under applicable securities laws (collectively, "forward‐looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made considering management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the Company's business strategy; future planning processes; exploration activities; the timing and result of exploration activities; capital projects and exploration activities and the possible results thereof; acquisition opportunities; and the impact of acquisitions, if any, on the Company. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, forward-looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward‐looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward‐looking statements". Actual results may vary from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: the duration and effects of the coronavirus and COVID-19; risks related to the integration of acquisitions; actual results of exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; commodity prices; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; accidents; labour relations; relations with local communities; changes in national or local governments; changes in applicable legislation or application thereof; delays in obtaining approvals or financing or in the completion of development or construction activities; exchange rate fluctuations; requirements for additional capital; government regulation; environmental risks; reclamation expenses; outcomes of pending litigation; limitations on insurance coverage as well as those factors discussed in the Company's other public disclosure documents, available on www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company believes that the expectations reflected in these forward‐looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

April 23, 2024 09:00 AM Eastern Daylight Time

Image

Prime Minister Skerrit Reinforces Collaboration in Dubai Visit

Dominica Citizenship by Investment Unit

During his most recent visit to Dubai, Prime Minister Roosevelt Skerrit of Dominica delivered a powerful speech, and shed light on the significant role played by the Citizenship by Investment Programme in shaping the island’s socioeconomic landscape. Speaking passionately, Prime Minister Skerrit underscored how the CBI Programme has been a cornerstone of Dominica's economic strategy, propelling the nation towards prosperity by fostering economic growth, job creation and strengthening health and educational infrastructure. He also reiterated Dominica’s steadfast commitment to maintaining the highest standard of openness and integrity and called for unity amongst Caribbean nations that offer CBI programmes in his address. Embracing OECS Countries Collaboration Prime Minister Skerrit explained how the recent Memorandum of Agreement among OECS countries emphasises the importance of harmonised legislation, standardised application procedures, uniform due diligence processes, and information sharing among member states. “It is my view that these actions are important, and they are necessary, and these are actions that we will follow through with, because there are some things that we need to do together.” He expressed optimism about the collaborative efforts and emphasised the significance of prioritising good governance and ethical practices in the CBI sector. The memorandum signifies a shift towards a more integrated and cohesive framework that unites diverse stakeholders under a common vision of excellence, accountability, and transparency. Honouring Dominica’s CBI Programme Prime Minister Skerrit warmly acknowledged the significance of the CBI programme as a key aspect of Dominica's post-disaster recovery after the devastating Hurricane Maria in 2017. “We were able to continue generating revenues from the programme, literally 48 to 72 hours after the hurricane hit us. While all other aspects of our economy came to a halt.” Recognising its pivotal role in saving the nation after Hurricane Maria, he affirmed the programme's enduring value as a catalyst for progress, prosperity, and sustainable development in Dominica. He further reaffirmed Dominica's commitment as a nation to the core principles of the CBI programme. He highlighted the importance in providing opportunities for citizens to access both mobility and economic empowerment and the programme's role in fostering a sense of citizenship and belonging, beyond economic benefits. “We understand the importance of the programme to many people, and to our country, but we want to ensure that the programme maintains its integrity.” Acknowledging economic citizens, developers, and agents During his visit, Prime Minister Skerrit engaged in productive discussions with key stakeholders in the industry, exploring opportunities for collaboration and growth. In his address, Prime Minister Skerrit expressed his gratitude to the economic citizens, developers, and agents who have contributed to the strength and resilience of the Dominica CBI Programme. He acknowledged their unwavering support and dedication, emphasising their pivotal role in shaping the programme's success. “…you as agents and developers and promoters, you have one of the most sacred responsibilities where the programme is concerned. What you do can ensure the continued success of the programme, and that's why the programme has been successful.” Marie-Therese Johnson, Director of the Citizenship by Investment Unit (CBIU), also highlighted the pivotal role that agents and developers play in guiding potential investors towards the possibilities that the Dominica CBI Programme offers. “Your role as agents is not just about transactions; it is about shaping destinies, forging connections, and building bridges to a brighter tomorrow.” Prime Minister Skerrit Emphasises Legal Compliance and Integrity in CBI Programme In a resolute statement, Prime Minister Skerrit underscored the critical role of laws and regulations in governing the Citizenship by Investment (CBI) programme. He highlighted the authority vested in him by the Constitution and laws enacted by the Parliament, emphasising the importance of adherence to legal frameworks. Prime Minister Skerrit emphasised the need for stakeholders and agents to familiarise themselves with and abide by existing laws. Addressing a key concern, Prime Minister Skerrit reiterated that applicants must contribute the full amount as legislated in the regulations, emphasising that citizenship is not a commodity subject to sales promotions, emphasising the sanctity of citizenship as defined by the Constitution. By emphasising compliance with regulations and laws, Prime Minister Skerrit reaffirmed the Government's commitment to ethical conduct in the programme. Dominica Drives Responsible Investment Practices At the core of the CBIU's operations is a dedication to transparency in every aspect of its processes. From application procedures to due diligence protocols, the CBIU prioritises clear communication, thorough documentation, and adherence to regulatory guidelines. By fostering a culture of openness, accessibility, and accountability, the CBIU aims to enhance the overall experience for stakeholders, providing clarity, guidance, and assurance throughout the citizenship acquisition journey. As Prime Minister Skerrit concluded his visit to Dubai, he expressed optimism for the future of the Dominica CBI programme, reiterating his commitment to upholding the highest standards of excellence. Through continued collaboration and partnership, Prime Minister Skerrit envisions a prosperous and sustainable future for Dominica and its stakeholders in the global citizenship landscape. Contact Details Secretary of the Dominica Citizenship by Investment Unit Commonwealth of Dominica +1 767-266-3919 info@cbiu.gov.dm

April 23, 2024 08:59 AM Eastern Daylight Time

Image

World-Renowned Neurologist and Bestselling Author Joins Forum Health’s Annual Integrative Medicine Summit

Forum Health

Forum Health, LLC, leading nationwide network of integrative and functional medicine providers, is thrilled to announce Dr. Dale Bredesen, a trailblazing neuroscientist and pioneer in Alzheimer's disease research, as the keynote speaker at the Forum Health Summit: Emerging Therapies in Integrative Medicine. Register for the Forum Health Summit here. With a career spanning over four decades, Dr. Bredesen has made groundbreaking contributions to neurological research, cognitive decline treatment, and Alzheimer's disease with his renowned Bredesen Protocol - the only Alzheimer’s treatment where the most patients have stabilized or improved. Dale Bredesen, MD: “I’m honored to be the keynote speaker at Forum Health’s annual summit. They are setting the stage to discuss the latest advancements in integrative medicine, bringing together the nation’s top providers, and providing me with the opportunity to share insights and collaborate with my colleagues to drive innovation and progress." Dr. Bredesen's presentation will delve into the latest advancements in Alzheimer's research and shed light on the importance of personalized medicine in combating cognitive decline. Attendees will receive invaluable insights into treatment modalities and preventative measures to preserve brain health. Phil Hagerman, Forum Health CEO: "We’re thrilled to have Dr. Bredesen join us this year. His unparalleled expertise and contributions to the medical community have been instrumental in advancing new treatment approaches to transform the landscape of Alzheimer's disease." The Forum Health Summit is a one-day conference that brings together the top thought leaders in integrative and functional medicine. Attendees receive the latest on emerging research, cutting-edge diagnosis, and treatment protocols for complex clinical cases from expert leaders in the field. The event will also feature presentations from industry experts including: Sahar Swidan, Pharm.D., BCPS, ABAAHP, FAARFM, FACA - President and CEO of NeuroPharm, and internationally renowned speaker on pain management and HRT Paul Anderson, MD - Recognized educator and clinician in integrative and naturopathic medicine focused on complex infecious, chronic and oncologic illnesses Thomas G. Gulliams, Ph.D. - Former VP of Ortho Molecular and expert in the therapeutic uses of dietary supplements Registration for this event is exclusive to licensed medical professionals, space limited and this event is expected to sell out. Register here. About Forum Health Forum Health, LLC is a nationwide provider of personalized healthcare steeped in the powerful principles of functional and integrative medicine. Our providers take a root-cause approach to care exploring lifestyle, environment, and genetics to help each patient achieve their ultimate health goals. Members have access to advanced medical treatments and technology, with care plans informed by data analytics and collaborative relationships. For more, visit www.forumhealth.com. Contact Details Forum Health Britt Wittelsberger +1 410-852-0738 bwittelsberger@forumhealth.com Company Website https://forumhealth.com

April 23, 2024 08:50 AM Eastern Daylight Time

Image

News Release

Energy Production Project Evesham Macklin Receives Approval for Waterflood Procedures at Evesham Site

Angkor Resources Corp.

GRANDE PRAIRIE, ALBERTA (April 23, 2024) - TheNewswire: ANGKOR RESOURCES CORP. (TSXV: ANK and OTCQB:ANKOF) (“ANGKOR ” or the “Company”) announces that the Saskatchewan Ministry of Energy and Resources (“SMER”) has issued an enhanced oil recovery approval for the Macklin Sparky field. The approval authorizes immediate conversion of three suspended well locations to water injection; further conversions for water injection will be authorized as needed. Angkor and its subsidiary, EnerCam Exploration Ltd. (“EnerCam”), contribute 40% of the capital costs and operating for additional well conversions under their agreement. The waterflood approval allows for enhancing reservoir pressure support and could double the oil recovery from the field over time. The approval allows for 12 months to implement the three approved sites to be converted from suspended oil producers to water injection. The first conversion will be underway mid-April with subsequent wells to follow. By carefully balancing reservoir injection with production, we can optimize and create more sustainable production. Having our own water trucks and operators are two big advantages and adding more production capability helps to improve the overall project. The Evesham/Macklin Production Project, of which 40% was acquired by EnerCam on Dec. 12 th, 2023 included the oil production from 33 vertical wells and a Gas Capture facility and all related pipelines, water disposal wells, water trucking equipment, etc. On the additional costs for waterflood procedures, CEO Delayne Weeks comments, “By investing in the waterflood now, we expect to increase production and improve the financial performance over the next several months. Jamie Carlson, P.Eng., is the Practicing Professional Engineer responsible for reviewing and approving the data contained in this press release. ABOUT ANGKOR RESOURCES CORPORATION: Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer working towards mineral and energy solutions across Canada and Cambodia. Angkor’s carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across expanding jurisdictions. The company holds three mineral exploration licenses in Cambodia and its subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest quadrant of Cambodia. CONTACT: Delayne Weeks - CEO Email: info@angkorresources.com Website: angkorresources.com Telephone: +1 (780) 831-8722 Please follow @AngkorResources on LinkedIn, Facebook, Twitter, Instagram and YouTube. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.   The information in this press release contains certain forward-looking statements, including within the meaning of applicable securities laws. These statements relate to future events or our future intentions or performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “continue”, “demonstrate”, “expect”, “may”, “can”, “will”, “believe”, “would” and similar expressions and include statements relating to, among other things, Angkor’s position, strategy and development plans and the benefits to be derived therefrom; the Corporation’s anticipated annual production growth and annual capital spending for the next three years; that the focus of the Corporation’s development activities during the remainder of 2023; expectations of when the transaction is completed; the anticipated focus of Angkor’s operations in 2024; the Corporation’s anticipated 2024 average production; and the Corporation’s expectations that it will continue to deliver clean, reliable, sustainable energy, contributing to a reduction in global emissions by displacing high-carbon fuels. Angkor’s actual decisions, activities, results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that Angkor will derive from them.

April 23, 2024 08:45 AM Eastern Daylight Time

Austin Gold Completes Inaugural Diamond Drilling Campaign At Its Stockade Mountain Project

Benzinga

By Austin DeNoce, Benzinga Austin Gold Corp. (AMEX: AUST) is a dedicated gold exploration and discovery company. Combining the savvy of serial company builders with the insight of serial mine finders, Austin Gold is on a mission to generate value through targeted exploration initiatives. Its projects are Kelly Creek in Humboldt County, Nevada; Lone Mountain in Elko County, Nevada; and Stockade Mountain in Malheur County, Oregon. At the heart of the company’s operational philosophy is the Lassonde Curve, a pivotal concept in the junior mining sector introduced by Pierre Lassonde, co-founder of the pioneering gold royalty company Franco-Nevada. This model outlines the lifecycle stages of mining companies, from exploration to production, while underscoring the potential for value creation and the risks at each juncture. In a recent update, the company shared that its Stockade Mountain project – which Austin Gold has been exploring for its promising gold and silver potential – had now witnessed its inaugural diamond drilling campaign, marking a key milestone for the company. The Stockade Mountain Project In May 2022, Austin Gold expanded its exploration frontier with the Stockade Mountain Project in Malheur County, Oregon, securing a mineral lease agreement that underscores the area’s promising potential for significant gold and silver mineralization. Positioned strategically about 50 miles southeast of Burns, Oregon, and 90 miles southwest of Boise, Idaho, Stockade Mountain is accessible and supported by the necessary infrastructure and workforce, thanks to nearby communities. The project covers a vast area of over 6,790 acres through 261 unpatented mining claims. Geologically, the area is indicative of a large low-sulfidation hydrothermal system, hinting at economic gold and silver veins at depth. Despite previous explorations in the 1980s and 1990s by other companies, Austin Gold reports that the project’s full potential remains untapped, and the company plans to explore for deeper high-grade vein deposits beneath the known mineralization zones. Recent Update To Drilling Program In a significant step forward, Austin Gold completed its inaugural diamond drilling campaign at the Stockade Mountain Project, with three exploration holes drilled over the winter season. This initial phase, totaling more than 2,400 feet, culminated with a third hole reaching a depth of 736.7 feet. These efforts mark the commencement of a deeper exploration into the geological formations and mineralization patterns of Stockade Mountain. The company says the initial two holes confirmed that the mineralizing system at Stockade Mountain is robust and contains significant gold grades, with the strongest intercept of 8.19 grams per ton of gold over 4 feet and several other gold intercepts of interest. The third hole, which contained a high gold value of 9.32 grams per ton of gold from a 2.7 foot interval, continues to demonstrate the strength of the hydrothermal system and the potential for significant gold mineralization within the project area. Austin Gold plans to follow up these encouraging results with a reverse circulation drilling program, aiming to unearth the high-grade vein deposits that may lie beneath the previously identified lower-grade mineralization. As the company continues to explore gold targets across southwestern United States, the Stockade Mountain Project appears to be a testament to its strategic exploration pursuits and its potential to contribute to the junior mining industry. A Forward-Looking Venture Austin Gold’s exploration activities at Stockade Mountain are directly focused on unearthing gold, but they also represent a strategic foray into realizing the untapped potential of Oregon’s mineral-rich landscapes. By leveraging the guiding principles of the Lassonde Curve and employing cutting-edge exploration techniques, Austin Gold seems well-positioned to make significant strides in the mining sector. As the company plans for future exploration, the Stockade Mountain Project holds significant potential for gold and silver discoveries, paving the way for new opportunities and growth within the junior mining industry. Featured photo by Peter Olexa on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

April 23, 2024 08:45 AM Eastern Daylight Time

Image

There’s A New Rule Providing Margin Relief For Your Index Options Trading

Benzinga

By Cboe Margin relief has become a topic of increasing interest among traders using cash-settled index options. If you aren’t familiar with this topic, that might sound overwhelming. This article will help clarify what margin relief is, its applications and the recent developments that have broadened its appeal to traders. What Is Margin Relief And How Is It Used? Margin relief is an exchange rule that lets traders use less money to maintain their trading positions, which increases their capital efficiency. Essentially, it involves a trader who owns a particular ETF selling a call option with the same underlying index. This is similar to "covered call writing" used in stock trading but is specifically designed for use with ETFs and index options. In simpler terms, margin relief allows traders to do more with less money by leveraging connections between certain ETFs and options. A classic example of margin relief in action involves a trader who holds a long position in an ETF like the SPDR S&P 500 ETF Trust (NYSE: SPY). By selling a related call option, such as an XSP call option, the trader can use less money to keep their holding thanks to the margin relief. This benefit depends on the value of the ETF meeting certain conditions set by different brokerage firms, but if everything aligns, the trader can operate more freely without needing to lock up as much money. New Margin Treatment For Cash-Settled Index Options Recently, Cboe Global Markets (Cboe: CBOE) introduced a new rule that extends margin relief to writing cash-settled index options against ETFs based on the corresponding index. This rule makes it possible for traders to use index options similar to traditional covered call writing but with added benefits such as potential tax efficiencies, cash settlement and European-style exercise. For instance, under this new rule, a trader could overwrite their position in the iShares Core S&P 500 ETF (NYSE: IVV) with a Mini S&P 500 Index option (CBOE: XSP) to benefit from reduced capital requirements and greater trading flexibility. This change aims to make index options more attractive compared to other instruments like ETF options. Funds And Index Options Covered By The New Rule Under the new margin relief rule, several index options are eligible when paired correctly with ETFs or mutual funds. Here is a list of the funds and the corresponding index options: Cboe Mini-SPX Index Options (XSP) Cboe S&P 500 Index Options (SPX) Cboe Mini-Russell 2000 Index Options (MRUT) Cboe Russell 2000 Index Options (RUT) Cboe MSCI EAFE Index Options (MXEA) Cboe MSCI Emerging Markets Index Options (MXEF) Cboe MSCI ACWI Index Options (MXACW) Cboe MSCI World Index Options (MXWLD) Cboe MSCI USA Index Options (MXUSA) Dow Jones Industrial Average Index Options (DJX) S&P 500 ESG Index Options (SPESG) These options can be used in margin accounts to overwrite long positions in non-leveraged index mutual funds or ETFs based on the same index, thereby qualifying for margin relief. Expanding Horizons In Index Options Trading The introduction of enhanced margin treatment for cash-settled index options by Cboe Global Markets marks a significant advancement in the flexibility and efficiency of trading strategies. This change not only allows traders to manage their portfolios more effectively but also promotes a greater understanding and utilization of financial instruments that cater to different trading needs. As the market evolves, the benefits of regulatory adjustments like this will likely continue to influence the strategies employed by investors looking to maximize their capital efficiency and minimize costs. However, it is essential for traders to consult with brokerage firms and ensure compliance with all applicable regulations and requirements before employing these strategies. Featured photo by Chris Liverani on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

April 23, 2024 08:30 AM Eastern Daylight Time

Image

14Peaks closes inaugural $30M fund to power software startups in fintech and future of work space

14Peaks Capital

Venture capital firm 14Peaks Capital has successfully closed its first fund at $30 million in capital commitments from an impressive consortium of limited partners (LPs), consisting of influential High Net Worth Individuals (HNIWs) and family offices spanning Europe and the United States. Established in 2022 by Edoardo Ermotti, the fund’s solo General Partner (GP), 14Peaks invests at the earliest stages (from pre-seed to series A) in B2B SaaS companies, with a specific interest in Fintech and the Future of Work. The team is already investing out of its first fund and has 11 companies in its portfolio to date. These include US-based HR/Payment platform Rain (who last year raised $66M in a Series A round), finance and accounting platform FlowFi (who recently announced its $9 million seed round) and Switzerland-based data collaboration company Tune Insight among others. At a time when AI continues to drive rapid change in the B2B landscape, sparking first-mover competition between established and new founders to bring the power of this new technology to business operations, 14Peaks is laser-focused on investing in proprietary technology that has the potential to build strong defensible moats. Against this backdrop, 14Peaks’ focus across Fintech and the Future of Work is expansive, ranging from data collaboration and workflow automation, to payment software and fraud detection. Most venture funds set out to raise capital from as many LPs as possible. When fundraising, Edoardo Ermotti took a unique approach. Before founding 14Peaks, he began investing as a business angel in 2019. To date, he has supported over 25 companies and has selectively invested in funds as a limited partner. Concurrently, he gained experience at a mid-market private equity firm in London. Subsequently, he transitioned to a family office, initially based in Switzerland and later in the US, where he spearheaded the development and leadership of the early-stage investment division. Over the years, he regularly co-invested alongside HNWIs and Family Offices who all shared the same view: they were progressively less interested in allocating their capital to funds with hundreds of Limited Partners (LPs). Funds with larger LP bases tend to have limited transparency into fund activities, fewer co-investment rights, and a generally passive approach to their relationship with the smaller LPs. Edoardo Ermotti wanted to create a closer, stronger relationship between GPs, LPs, and founders by raising from an intimate circle of highly-vetted, seasoned executives and entrepreneurs who could take a more active role in supporting portfolio founders, exchanging ideas, and co-investing with people they trust. “When I started 14Peaks Capital, I wanted to shake things up in how GPs and LPs work together. I've been on the LP side before, spoke to many GPs, and knew there was room for a different approach,” said Edoardo Ermotti, founder of 14Peaks Capital. “Each of the investors supporting 14Peaks is globally successful in their own right, giving our portfolio founders access, through us, to this curated hub of extensive experience and networks.” In addition to access to its all-star assembly of LPs, 14Peaks works closely with its portfolio companies to accelerate traction through targeted go-to-market strategies, recruitment, and general company building efforts With a base in Europe and a vast network in the US, the fund also helps companies expand beyond their domestic markets – whether venturing overseas from the EU to US or across Europe. “14Peaks has been an incredibly supportive investor. Ever since we met them, the team has rolled up their sleeves and been very hands-on and proactive in transforming us into an organisation that can truly scale in an emerging market,” said Han Sahin, the co-founder of a Netherlands-based cybersecurity company, Threatfabric, that 14Peaks invested in last year. The goal with portfolio support, similar to Edoardo Ermotti’s approach to fundraising, is close collaboration: the fund only invests in companies where there is a clear pathway for their engagement to generate additional value. This, Edoardo Ermotti says, is the best way to align interests with founders and together build next-generation companies. “We’re looking forward to diving back in and supporting our founders as they chase their visions. In the past year, we've already seen positive changes in our portfolio companies, and we're confident we can do even more as we expand our platform. Our hands-on approach and the power of our extensive network, fuelled by our tight GP-LP interactions, make us believe we'll keep making a real impact for our founders in the years to come," adds Edoardo Ermotti. 14Peaks’ portfolio founders are so far seeing the results of this new paradigm of GP and LP interactions and the network effects of this close circle. Alex Bradford, the founder of Rain, a HR platform 14Peaks invested last year, said: “14Peaks has been a fantastic partner and instrumental to our growth, plugging us into highly-valuable investor networks and boosting our go-to-market by sitting down and helping us craft business development strategies.” 14Peaks Capital AG has a team in Switzerland. Plans are underway for team expansion in the United States later this year, with strategic hires focused on enhancing market coverage. The collective team brings forth deep experience in investing and supporting founders across various stages and verticals in Europe and the US, with a primary emphasis on B2B SaaS and Fintech. Looking ahead, 14Peaks aims to expand its portfolio to a total of 25 companies out of its first fund over the coming years. In the meantime, Edoardo Ermotti and the team’s top priority is maintaining a concentrated focus on demonstrating the efficacy of their unique model, not only to their LPs, but, crucially, to their founders. About 14Peaks Capital Founded in 2022, 14Peaks Capital is an early-stage venture fund headed by solo General Partner, Edoardo Ermotti. Out of its inaugural $30 million fund, 14Peaks invests in B2B SaaS companies who are building primarily within the Fintech and Future of Work verticals. Backed by an all-star assembly of High Net Worth Individuals and Family Offices across Europe and the US, 14Peaks offers extensive operational expertise to support the funds’ portfolio companies from seed to exit to build generation-defining companies. Learn more here: https://www.14peaks.capital/ Contact Details 14Peaks Capital Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.14peaks.capital/

April 23, 2024 08:00 AM Eastern Daylight Time

Image

Wolfram and Classiq Integrate Advanced Quantum Software Tools into Mathematica

Classiq Technologies

In a landmark collaboration, Classiq, a leader in quantum computing software, and Wolfram Research, the leading computational software provider, announce a software partnership. This collaboration integrates Classiq’s cutting-edge engine within Wolfram Mathematica, offering a unified solution for the development of quantum and classical algorithms. This integration is targeted at enabling users to leverage the robust capabilities of Wolfram Mathematica for algorithm development and utilize Classiq’s Quantum Model (QMOD) language for quantum algorithm development—all within a single, cohesive environment. This blend of technologies empowers users to define, visualize and optimize quantum algorithms with unprecedented ease and efficiency. Key features of this collaboration are the facilitation of Classiq’s quantum algorithm compilation tailored to specific quantum hardware and ability to intricately develop quantum circuits from a high-level overview down to detailed gate operations. The integration further allows for the execution of these quantum circuits across a diverse array of backends and simulators, directly within the Mathematica notebook. This integration supports researchers by enhancing analytical capabilities, enabling continuous exploration and data assessment. As an example of the potential of this collaboration, the Quantum Differential Equations solver exemplifies how users will be able to tackle complex challenges by defining and executing quantum algorithms like the Harrow–Hassidim–Lloyd (HHL) algorithm and Quantum Singular Value Transformation (QSVT) for matrix inversion, directly from the Mathematica interface. This application highlights the power of combining classical computational methods with quantum processing to solve complex computational problems more efficiently. “The partnership between Classiq Technologies and Wolfram Research reflects a shared commitment to advancing computational excellence,” said Nir Minerbi, CEO of Classiq. “This collaboration not only enhances the toolset available for researchers and developers, we hope to see it pave the way for groundbreaking applications across various scientific and engineering disciplines.” "In the pursuit of applying quantum technologies to address real-world challenges, robust collaboration among industry leaders is paramount. We are delighted to unveil our strategic partnership with Classiq," remarked Mads Bahrami, quantum projects manager at Wolfram. "This partnership underscores the dedication of both entities towards crafting toolsets that empower governments, industries, and academia to tackle complex problems through quantum-classical algorithms." The companies invite those seeking to combine the best of quantum and classical computation to reach out and explore the possibilities this computation integration brings. About Wolfram Founded by Stephen Wolfram in 1987, Wolfram Research is one of the world's most respected computer, web and cloud software companies - as well as a powerhouse of scientific and technical innovation. As a pioneer in computation and computational knowledge, Wolfram has pursued a long-term vision to develop the science, technology and tools to make computation an ever-more-potent force in today's and tomorrow's world. As the creators of Mathematica, Wolfram|Alpha, the Wolfram Language, and Wolfram Quantum Framework, Wolfram is the leader in developing technology and tools that inject sophisticated computation and knowledge into everything. Wolfram's strategy as an organization is to maintain a portfolio of development, from continually strengthening core algorithms and the Wolfram Knowledgebase, to supporting the latest computing and deployment architectures, to developing major new concepts and capabilities - and consistently delivering the results in the form of products, services and experimental initiatives that make breakthrough technology accessible to the broadest possible spectrum of people and organizations. Learn more at: https://wolfr.am/QuantumConsulting https://www.wolfram.com/quantum-computation-framework/ Follow Wolfram on LinkedIn, X, and YouTube. Contact Wolfram quantum team: quantum@wolfram.com Contact Wolfram PR team: outreach@wolfram.com About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking you from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq's core technology - algorithmic quantum circuit compilation - is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC and quantum simulators. Backed by investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq's world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking quantum engine. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, and visit the Slack community and website, www.classiq.io to learn more. Contact Details Rainier Communications Michelle McMahon +1 781-718-3248 classiqPR@rainierco.com Company Website http://www.classiq.io/

April 23, 2024 08:00 AM Eastern Daylight Time

1 ... 251 252 253 254 255 ... 3756

Back