Millennial Potash Chairman Farhad Abasov joined Steve Darling from Proactive to share news that the company has earned a total 70% interest in the shares of Equatorial Potash Pty, which, through its Gabon subsidiary Mayumba Potasse SARL, holds 100% of the Banio Potash Project. To achieve the 70% interest, the company has filed a Preliminary Economic Assessment (PEA) and made milestone payments of $300,000 and 1 million shares of MLP to the vendors of the Banio Potash Project.

Abasov detailed that the PEA report outlines the potential for a low-cost solution mining operation at the Banio Potash Project. The PEA is based on the production of 800,000 tonnes per year of granular muriate of potash. The thick potash horizons, coupled with a solution mining approach, have resulted in one of the lowest CAPEX (US$480M) and OPEX (US$61/tonne MOP) estimates in the industry. The solid economic potential is further demonstrated by a strong post-tax NPV (Net Present Value) of US$1.07 billion and an IRR (Internal Rate of Return) of 32.6%.

The company plans to continue implementing the recommendations from the PEA, which include preparation for additional drilling at the North Target to further expand the resources.

#proactiveinvestors #millennialpotashcorp #tsxv #mlp #otcqb #mlpnf #potash

#PotashProject #GabonMining #MiningMilestone #ResourceDevelopment #EconomicAssessment #FeasibilityStudy #EnvironmentalPermitting #DrillingSuccess #PotashExploration #MiningIndustry #ResourceEstimate #ProjectExpansion #MiningNews #Investment #NaturalResources #SustainableMining #IndustryUpdate #FarhadAbasov #MillennialPotashCorp#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

The FTSE 100 made a decent start helped by rises for airlines led by British Airways owner IAG and easyJet though the distraction of England’s Euro 2024 semi-final tonight is likely to loom large.

Underlining its significance, pub chain Wetherspoons reported record revenues with sales up 5.8% in the past ten weeks and presumably helped by England’s run. Sales per pub were 21% higher than pre-pandemic levels said boss Tim Martin.

Overall, the index was up around 27 points at 8,167 despite a poor showing from all the housebuilders after a downbeat trading statement from Barratt. The Footsie listed group reported lower sales and selling prices in the year just ended while adding that completions will fall again in the current year to around 13,000 from 14,000.

Direct Line meanwhile committed to paying out around 60% of post-tax operating profit as a dividend, “with any additional capital returns to be reviewed annually alongside our full-year results”. Shares in the insurer rose by 1%.

#proactiveinvestors #marketreport #ftse #ftse100 #footsie #euros2024 #wetherspoons #barratt #IAG #britishairways #easyjet #directline #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Metalla Royalty and Streaming CEO Brett Heath joined Steve Darling from Proactive to discuss recent developments in an interview. Established in 2016, Metalla is a precious metals royalty and streaming company. Since its inception, Metalla has completed 32 transactions and acquired 102 royalties, amounting to approximately 1.7 million ounces in its portfolio. The company has faced both challenges and opportunities due to fluctuating capital markets and increased interest rates.

In December 2023, Metalla executed its largest transaction by merging with another royalty company, Nova, thereby introducing copper as a third metal to its portfolio, alongside gold and silver. This merger was driven by increasing investor demand for copper, given its importance in the green energy transition. The addition of copper assets, known for their longer mine life, is expected to provide sustained growth and cash flow for Metalla. Heath emphasized that the company will continue to focus on gold, silver, and copper, considering them critical in the upcoming commodity cycle.

Recently, a significant milestone was achieved with G Mining pouring its first gold bar, signaling the start of production at a major Brazilian gold mine. This mine is expected to become Metalla's most significant cash-flowing asset once it reaches full production. Over the next 12-18 months, several other assets are anticipated to begin production, further enhancing the company's growth and financial stability.

#proactiveinvestors #metallaroyalty&streamingltd #tsxv #mta #nyseamerican #mta #mining #gold #PreciousMetals #Gold #Silver #Copper #MiningIndustry #RoyaltyCompany #BrettHeath #CommodityMarket #CapitalMarkets #GreenEnergy #GMining #BrazilGoldMine #FinancialGrowth #Investing #NovaMerger #RoyaltyStreaming #MetalsInvestment #MiningAssets #GoldProduction #CashFlow #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Fah Mai Holdings Group Inc (OTC:FMHG) UK head and manager of @whiskybullauctions Jacob Carter speaks to Proactive's Stephen Gunnion about the benefits and strategies of investing in casks.

Carter explained that investing in casks is a promising opportunity due to the strong correlation between age and value. He highlighted that the market for rare and collectable casks is growing, making it an attractive alternative to traditional assets like real estate or stocks. Cask investments offer more liquidity compared to bottles and can provide returns within 3 to 5 years, especially when stored longer to increase value.

Carter also mentioned that cask investments are free of capital gains tax, classifying them as wasting assets with a predictable life of 50 years or less. He described the different types of casks available, including barrels, Hogsheads, Butts, and specialty casks like Madeira drums and Port pipes, each offering unique profiles and market preferences.

Regarding investment strategies, Carter emphasised the importance of considering the desired length of investment and conducting market research to make informed decisions. He also outlined various exit strategies, such as selling to private investors, wholesalers, distilleries, or through auctions.

Additionally, bottling the cask is an option, although it involves duty and VAT calculations. Carter advised investors to consider macroeconomic conditions, such as trade tariffs, which could impact whisky investment returns. He also reminded investors to factor in storage and insurance costs when planning their investments.

#WhiskyInvestment #CaskInvestment #JacobCarter #FahMaiHoldings #WhiskyMarket #InvestingInWhisky #WhiskyCasks #ProactiveInvestors #AlternativeInvestments #WhiskyCollector #InvestmentTips #FinancialAdvice #WhiskyAuctions #RareWhisky #WhiskyTaxBenefits

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

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) CEO Paul McGlone joined Proactive's Stephen Gunnion with details of the company's new partnership with automotive supply giant Valeo and acquisition of Asaphus Vision.

McGlone emphasised the importance of the acquisition for machine learning capabilities, data acquisition, and collaboration benefits, highlighting that it brings deep expertise in AI and machine learning, and is expected to enhance the company’s technology and efficiency.

McGlone elaborated on the enriched data set the acquisition provides, which will improve features like driver identification and phone use monitoring. The collaboration with Valeo is a crucial step forward, he added.

McGlone also discussed the recent announcement of an extended agreement with Caterpillar, which includes a significant upfront payment of US$16.5 million and access to new market segments.

Finally, McGlone provided an updated outlook on Seeing Machines' financial expectations, noting factors affecting EBITDA and the anticipated impact of upcoming regulations on their automotive business. He reassured that the company is focused on achieving its cash breakeven run rate by 2025 despite some volatility in regulatory implementations.

Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel, and enable notifications for future content.

#SeeingMachines #PaulMcGlone #AsaphusVision #Caterpillar #Valeo #MachineLearning #AI #AutomotiveTechnology #DriverMonitoring #Investments #ProactiveInterviews #CompanyUpdates #TechnologyAcquisition #BusinessGrowth #financialoutlook #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Oakmount & Partners Ltd managing director Glenn King talked with Proactive's Stephen Gunnion about the company's impressive progress through 2024.

In the first half of the year, Oakmount & Partners transitioned from raising capital for third parties to focusing on building their own assets, achieving a company valuation between £15 to £18 million. King discussed the acquisition of over £4 million in real estate aimed at holiday lettings and traditional buy-to-lets, reflecting the company's robust property portfolio expansion.

King highlighted the company's ambitious five-year plan to raise £50 million, primarily for green technologies and transformative industries. Despite regulatory caps on fundraising, Oakmount & Partners is halfway to its goal, strategically acquiring distressed properties and considering investments in companies like Biosus for green technology exposure.

Additionally, King mentioned the launch of Oakmount's product offerings on an FCA-regulated platform, targeting high-net-worth individuals and wealth managers. The company is also pursuing a commercial brokerage license to become a full-service institution, with a focus on maximising shareholder returns and preparing for a potential IPO or private acquisition in the coming years.

Stay tuned to Proactive's YouTube channel for more updates, and don't forget to like the video, subscribe to our channel, and enable notifications for future content."

#OakmountAndPartners #GlennKing #RealEstateInvestment #GreenTechnology #FinancialGrowth #InvestmentStrategies #ProactiveInvestors #WealthManagement #CommercialBrokerage #IPO #AssetManagement #InvestmentPortfolio #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Mako Gold Ltd (ASX: MKG) managing director Peter Ledwidge joins Jonathan Jackson in the Proactive studio to discuss a scout drilling campaign at the Tchaga North Prospect within its 90%-owned Napié Gold Project in Côte d’Ivoire, aiming at three high-grade zones identified through recent mapping and trenching.

The initial 1,500-metre reverse circulation (RC) drilling program targets the Discovery Zone, Double Zone and Deep Artisanal Site, focusing on east-west structures with high-grade gold potential. This campaign represents the first drilling effort in these zones.

A drill-for-equity agreement with Geodrill allows Mako to pay up to 50% of drilling costs in shares, effectively reducing cash expenditure. This agreement aims to maximise drilling metres while conserving cash resources.

Ledwidge highlighted that this drilling could unlock significant gold zones, contributing to the existing 868,000-ounce gold resource. He expressed confidence in Geodrill’s quality and their ongoing partnership.

The Geodrill agreement includes an escrow period for issued shares and a flexible payment structure, supporting Mako’s drilling objectives and potential for increased shareholding by Geodrill.

#ProactiveInvestors #MakoGold #ASX #GoldMining #NapiéProject #CôteDIvoire #DrillingCampaign #HighGradeGold #Geodrill #EquityAgreement #DiscoveryZone #DoubleZone #DeepArtisanalSite #MiningInvestment #GoldExploration #ASX #TSX #GoldResource #Mineralisation #Fieldwork #MiningPartnership #ResourceExpansion #DrillTesting

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Artemis Resources Ltd (ASX:ARV) executive director George Ventouras sits down with Proactive’s Jonathan Jackson to discuss results of a soil reconnaissance program following rock chip sampling at the Osborne joint venture (JV) project in Western Australia. Results suggest a significant envelope of lithium resources along the Osborne South trends, with a strike length of approximately 4 kilometres and a width up to 1.3 kilometres. Peak lithium-in-soil results reached 712 parts per million (ppm) lithium oxide (Li2O), with multiple samples exceeding 300 ppm. Artemis is exploring Osborne in a JV with Greentech Metals Ltd, holding 49% and 51% stakes respectively.

Heritage clearance at the Mt Marie lithium and Lulu Creek gold prospects was completed on schedule and within budget. Ventouras noted the continued high-grade mineralisation in the Osborne South trends, which could indicate a large lithium resource envelope. The company plans heritage surveys over drill targets at Osborne and discussions with drilling companies for exploration at Lulu Creek and Mt Marie.

Previous rock chip samples from Mt Marie showed up to 4.67% lithium while Lulu Creek drilling intercepts included 1 metre at 4.89 g/t gold and 12.7 g/t silver from 24 metres, and 1 metre at 1.15 g/t gold from 9 metres. Lulu Creek is also supported by a co-funding drilling grant from the government, lowering exploration costs.

#ProactiveInvestors #ArtemisResources #ASX #LithiumExploration, #OsborneJV, #WesternAustraliaMining, #LithiumDiscovery, #SoilSampling, #MineralResources, #MtMarieProspect, #LuluCreekGold, #GreentechMetals, #MiningJV, #HighGradeLithium, #GoldProspects, #HeritageClearance, #ExplorationProgram, #DrillingGrant, #MiningExploration, #ResourceDevelopment, #ASX, #AIM

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

Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) executive director Matthew Boyes sits down with Proactive’s Jonathan Jackson to discuss a first-pass geochemical program at the Cinto Project in Peru, targeting high-grade copper.

The company secured an access deal with the Carumbraya community, facilitating drill exploration. The next phase involves systematic mapping and sampling of copper mineralisation.

Surface grab samples from Cinto revealed copper content up to 7.14% with mineralisation spread over a 200-metre by 100-metre area in historical workings. The site features a 100-metre-wide exposed area with significant copper oxide mineralisation.

The project is located near the regional Incapuquio fault system, close to the massive Toquepala porphyry system. The geochemical and base metal profiles of Cinto samples resemble the Toquepala deposit, suggesting similar porphyry-style mineralisation.

Solis is now using a drone magnetometer and conducting further geological mapping to guide drill permitting. Boyes discussed the geochemical findings, noting the similarity to Toquepala's mineralisation and the potential proximity to a large porphyry system.

The company plans to start geophysical programs and detailed mapping, applying for drill permits soon. Boyes highlighted the underexplored nature of their Peruvian assets and mentioned ongoing drill target preparations at Ilo Este and Chancho al Palo.

#ProactiveInvestors #SolisMinerals #ASX #CopperExploration #CintoProject #PeruMining #GeochemicalSurvey #DrillExploration #CopperMineralisation #IncapuquioFault #ToquepalaPorphyry #MatthewBoyes #SurfaceSampling #MineralExploration #PorphyrySystem #DroneMagnetometer #GeophysicalPrograms #PeruAssets #MiningNews #ResourceExploration #HighGradeCopper #MiningUpdates

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Orthocell Ltd (ASX:OCC) managing director Paul Anderson joins Proactive’s Jonathan Jackson to discuss significant growth in sales of its medical devices, Striate+™ and Remplir™, achieving record revenue for the June 24 Quarter and for FY24.

Anderson highlighted the company’s strong performance with a robust distribution network and increasing product adoption positioning Orthocell as a key global player. Striate+ is used for dental bone regeneration and Remplir for peripheral nerve repair, targeting a combined global market of approximately US$3 billion. Orthocell aims to capture a 20% market share for each product, projecting significant recurring revenue.

Striate+ is distributed by BioHorizons Implant Systems Inc., while Remplir is distributed by Device Technologies across Australia, New Zealand and Asia. The company's strategic partnerships have led to substantial revenue increases, with Q4 FY24 revenue at $1.84 million, a 14.41% increase from Q3 FY24. Annual revenue for FY24 is projected at $6.72 million, a 30.40% rise from FY23. Striate+ is available in the US, Europe/UK, Australia and New Zealand while Remplir is sold in Australia and New Zealand.

Orthocell is preparing to expand into new markets, with a regulatory strategy to support this. The company recently completed all nerve repair surgeries in the Remplir US Market Authorisation Study, with top-line results expected in Q4 CY24.

Orthocell plans to submit its US 510(K) market authorisation application by the end of Q4 CY24. The company has a strong cash position of $20.6 million, supporting its growth and expansion strategy.

#ProactiveInvestors #Orthocell #ASX #MedicalDevices #StriatePlus #Remplir #RevenueGrowth #MarketExpansion #DentalBoneRegeneration #NerveRepair #GlobalMarket #HealthcareInnovation #BioHorizons #DeviceTechnologies #SalesGrowth #RegenerativeMedicine #USMarket #FY24 #ClinicalPractice #GlobalPlayer #HealthTech #MedicalInnovation

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