Proactive - Interviews for investors

Peninsula Energy Ltd (ASX:PEN, OTCQB:PENMF) CEO Wayne Heili discusses the company's progress at the Lance Uranium Project in Wyoming in the US with Proactive's Stephen Gunnion.

Heili emphasised that the project remains on track to restart production by late 2024. Key milestones reached in August include the expansion of plant facilities and significant construction work, with around 70 workers on-site operating around the clock.

“We're preparing wellfield areas for production,” Heili shared, adding that the company is close to completing mine unit three, a new mining area. Additionally, Heili provided insights into the uranium market, noting that both the spot and term markets converged around $80 per pound at the end of August, providing strong incentives for uranium producers like Peninsula to ramp up production.

Heili also pointed out that the uranium market is expected to strengthen as activity picks up in the fourth quarter. With all signals positive, Peninsula Energy looks forward to resuming operations at Lance later this year.

Watch the full interview to hear more about Peninsula Energy's progress, the uranium market dynamics, and what lies ahead.

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Great Southern Copper PLC (LSE:GSCU) managing director Sam Garrett discusses the expansion of drilling targets at the Mostaza mine at the Cerro Negro project in Chile with Proactive's Stephen Gunnion.

Garrett highlighted the discovery of significant zones of low-grade mineralization surrounding the original high-grade deposit. This expansion could significantly increase the scale of their upcoming maiden drill program.

Garrett mentioned that historical drilling hasn't found the edges of the system, indicating a large volume of copper that still needs to be fully explored. He emphasised the importance of this discovery, given the current favourable copper prices and advancements in technology. The company is currently finalising preparations for the drill program, including environmental and archaeological surveys and negotiations with local communities.

"We're well into it, and we're looking forward to getting started," Garrett said, noting that exploration efforts continue across the broader Especularita project, with teams actively working on sampling and mapping other licenses.

For more videos like this, visit Proactive's YouTube channel. Don't forget to like, subscribe, and enable notifications for future content.

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Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) CEO Marc Bishop Lafleche takes Proactive's Stephen Gunnion through the company's strong first-half results for 2024. Lafleche highlighted a 15% portfolio contribution increase, driven by robust Kestrel volumes, which generated approximately $52 million in revenue. He expressed confidence in Ecora's ability to deliver on its capital allocation framework, anticipating a dividend payout within the range of 25% to 35% for the second half of the year.

Lafleche also discussed key developments, including the updated feasibility study for Capstone Copper's Santo Domingo project, which is set to be a low-cost producer of copper over a 17-year mine life. Despite a disappointing share price performance, Lafleche remains optimistic about Ecora's future, citing strong growth opportunities and the company's focus on maintaining a robust balance sheet while exploring new acquisitions. He also touched on the temporary setback at West Musgrave but emphasised confidence in the project's long-term potential, particularly in the context of the electrification megatrend.

In summary, Lafleche conveyed a strong outlook for Ecora Resources, supported by a diversified portfolio and strategic capital allocation.

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London's FTSE 100 just ticked up on Thursday morning, following a steady decline so far this week.

A busier day in London brought several reports, including from ABF, which led the FTSE 100’s fallers early on after revealing subsidiary Primark faced a drop in first-half sales.

Housebuilder Vistry climbed in the meantime, having announced £130 million worth of buybacks on the back of a jump in sales and profit over the first half.

Currys slipped after reporting enthusiasm around AI-enabled products was growing in the UK and Ireland, but subdued conditions remained in the Nordics.

And finally, news that ASOS was to create a joint venture and offload a majority stake in its Topshop and Topman brands to the parent of Denmark’s Bestseller saw shares soar as the market opened.

#proactiveinvestors #marketreport #ftse #ftse100 #footsie #abf #primark #vistry #currys #asos #topshop #topman #bestseller #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Maximus Resources Ltd (ASX:MXR, OTC:MXRRF) managing director Tim Wither joins Proactive’s Tylah Tully to discuss a reverse circulation drill program at the Bird Rock and Kandui lithium prospects in Western Australia as part of the Lefroy Lithium Joint Venture with Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR).

The program includes 14 holes covering approximately 1,500 metres with nine holes targeting newly discovered spodumene-bearing pegmatites at Bird Rock and five holes at Kandui to further assess the continuity of mineralisation.

The drilling at Bird Rock aims to understand the pegmatite's dip and direction. At Kandui, this third phase of drilling follows geological modelling and aims to explore large, spodumene-bearing pegmatites identified in previous phases. Although initial lithium grades were lower than expected, the discovery of fertile pegmatites points to potential high-grade zones. Notable previous intersections include 6 metres at 1.11% Li2O and 18 metres at 0.24% Li2O.

Under the JV, KOMIR is funding up to US$3 million for lithium exploration to earn a 30% interest. Drilling results are expected within 3-6 weeks, and a site visit by KOMIR is planned for October.

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Far East Gold Ltd (ASX:FEG, OTC:FEGDF) non-executive chairman Justin Werner joins Proactive’s Tylah Tully to discuss its strategic partnership with major Chinese mining company Inner Mongolia Xingye Silver & Tin Mining Co., Ltd through its subsidiary, Hsing Yip Gold (Hong Kong) Mine Company Ltd.

The agreement involves an investment of more than A$14 million to give Xingye a 19.99% stake in Far East Gold to be executed through a three-tranche conditional share placement. Each tranche is priced at A$0.20 per share, representing a 47% premium on a recent placement and a 21% premium on the company’s last traded price.

Xingye, valued at A$4 billion and the largest silver producer in China, brings significant technical expertise to support Far East Gold’s gold and copper projects in Indonesia. The investment aligns with Far East Gold's strategy following its pending acquisition of the Idenburg project. CEO Shane Menere emphasised the synergy between the companies, citing the funding and expertise provided by Xingye.

The deal includes several conditions, including regulatory approvals in China and Australia. Additionally, Xingye may nominate a director to Far East Gold’s board following the completion of Tranche 2. An investor briefing is scheduled for September 6, 2024.

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#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Element 25 Ltd (ASX:E25) managing director Justin Brown joins Proactive’s Tylah Tully to discuss the partnership its entered with Nissan Chemical Corporation to explore the establishment of a High Purity Manganese Sulphate Monohydrate (HPMSM) facility in Chiba Prefecture, Japan.

This collaboration aligns with Element 25's strategy to develop a global network of HPMSM facilities complementing the initial plant planned in Louisiana, USA, in cooperation with General Motors and Stellantis.

The agreement, formalised through a non-binding Memorandum of Understanding (MoU), reflects Japan's strategic interest in manganese as a critical mineral, particularly for the electric vehicle industry as it shifts towards high-manganese battery chemistries.

The proposed facility in Japan would utilise Element 25's low-emission technology at Nissan Chemical's existing Tokyo Bay site, benefiting from existing infrastructure and logistics. The MoU includes plans for a comprehensive feasibility study, with key milestones such as engineering, procurement and construction contracts, and project financing.

A final investment decision is targeted for September 2026.

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Zynex Inc CEO Thomas Sandgaard joined Steve Darling from Proactive to announce the FDA clearance of its latest device, the TensWave, designed to cater specifically to patients and insurance carriers that reimburse only for Transcutaneous Electrical Nerve Stimulation (TENS) therapy. CEO Thomas Sandgaard shared the news with Steve Darling from Proactive, emphasizing the company’s ongoing commitment to innovation in pain management.

The TensWave device, available by prescription, is user-friendly and portable, making it easy for patients to integrate into their daily routines. It provides effective pain relief through TENS therapy, a method clinically proven to alleviate both chronic and acute pain without the use of medication. While the TensWave offers a more focused solution, it is not intended to replace Zynex’s market-leading NexWave electrotherapy device. Instead, it provides an additional option that offers flexibility for patients dealing with specific insurance coverage limitations.

This new device continues Zynex’s tradition of delivering advanced solutions to improve the quality of life for those suffering from pain, further solidifying its position as a leader in the pain management industry.

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U.S. Global Investors CEO Frank Holmes joined Steve Darling from Proactive to announce a significant development for the company’s airlines-focused fund, the U.S. Global Jets ETF. This fund, which has gained considerable attention since its inception, has now secured a listing on the Colombian Securities Exchange, Bolsa de Valores de Colombia. This move marks a strategic expansion for the ETF, further solidifying its footprint across Latin America and providing Colombian investors with seamless access to the fund.

Originally launched on the New York Stock Exchange in 2015, the U.S. Global Jets ETF has steadily increased its global presence. The fund first expanded into Latin America in 2020 with approval for trading on the Lima Stock Exchange in Peru. Following this, in 2021, the ETF made its entry into the Mexican market. Now, with the listing in Colombia, the ETF is poised to attract a new wave of investors in a region where the airline industry is increasingly recognized as a vital economic driver.

During the interview, Holmes highlighted Colombia's impressive recovery and growth in the tourism sector, citing insights from the Organization for Economic Cooperation and Development (OECD). According to the OECD, Colombia has emerged as the global leader in terms of the most positive percentage change in international tourist arrivals. Despite the global challenges posed by the pandemic, Colombia saw a 4% increase in tourist numbers between 2019 and 2022, a remarkable achievement at a time when most countries were still grappling with the impact of the health crisis.

Holmes emphasized the Colombian government's commitment to making tourism a cornerstone of its economy, with ambitious plans to attract 7.5 million non-resident visitors by 2026. This focus on tourism aligns with broader global trends, as reported by the World Travel and Tourism Council (WTTC), which noted that the travel sector contributed 9% to the global economy last year. This contribution represents a substantial 23.2% increase from 2022, underscoring the resilience and growing importance of the travel industry worldwide.

#proactiveinvestors #usglobalinvestorsinc #nasdaq #grow #etf #jets #travel #colombia

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Arrow Exploration CEO Marshall Abbott joined Steve Darling from Proactive to discuss the company’s latest operational success with Steve Darling from Proactive. Abbott revealed that the third horizontal well on the Carrizales Norte “B” pad, known as CNB HZ-4, has begun production and is significantly exceeding initial expectations. The well currently boasts a flow rate exceeding 2,500 barrels of oil per day (BOPD) gross, and production is still on the rise.

The CNB HZ-4 well, which was drilled to a total measured depth of 13,335 feet, includes a horizontal section spanning approximately 3,940 feet. It commenced production on August 26, 2024, utilizing an electric submersible pump (ESP). Despite a current 8% water cut while still recovering load fluid, management expects the well to achieve initial production (IP) rates comparable to the company’s first two horizontal wells on the pad. Early results indicate that CNB HZ-4 displays similar reservoir characteristics to the previously successful CNB HZ-1.

In addition to this operational achievement, Abbott shared the company’s impressive financial performance for the second quarter of 2024. Arrow Exploration recorded total oil and natural gas revenue, net of royalties, of $15.1 million, representing a 47% increase compared to the same period in 2023. The company reported a net income of $1.2 million and an adjusted EBITDA of $8.9 million, marking a 53% increase from the previous year. Arrow also maintained a strong cash position of $10.8 million at the end of Q2 2024 and generated operating cash flows of $15.7 million during the first half of the year.

This combination of strong production results and robust financial performance highlights Arrow Exploration's continued growth and success in the energy sector.

#proactiveinvestors #arrowexplorationinc #aim #axl #tsxv #axl

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