Proactive - Interviews for investors

Cobre Ltd CEO Adam Wooldridge takes Proactive's Stephen Gunnion through hydrogeological test results for the company's Ngami copper project in Botswana. These tests support the viability of in-situ copper recovery. Initial studies indicated the project’s potential, and recent field tests have confirmed this.

Wooldridge explained that the company focused on proving that hydrology works in the ground, conducting a significant field programme. This involved drilling monitoring wells and a large-diameter injection well into the fracture zone with mineralisation.

Key goals included ensuring the fracture zones are permeable enough for injection and that injected fluid flows along the mineralisation without escaping. It successfully pumped over 300,000 litres of water at various pressures, achieving a significant milestone by proving injection is possible at necessary rates. Monitoring wells confirmed the fluid flows along the fractures as required, a critical validation.

Wooldridge said this success enables Cobre to proceed with engineering work, advanced metallurgical studies, and scoping studies to assess the economic feasibility of in-situ recovery.

Additionally, new intersections have indicated potential for further high-grade mineralisation, enhancing the project’s prospects. Early drilling had not consistently replicated initial high-grade finds, but recent data suggests more extensive vertical high-grade zones. This progress supports the project’s potential and future developments.

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Electric Guitar PLC CEO John Regan joined Proactive's Stephen Gunnion with details of the appointment of Jeremy Saul as managing director of 3radical, Electric Guitar’s primary operating subsidiary. Saul, who has over 25 years of experience, has held senior roles at Data Locator Group and has worked with major clients such as Salesforce, Jaguar, and Visa. Regan highlighted Saul’s expertise in mobile and digital audiences, as well as his involvement in due diligence for the 3radical acquisition.

Regan emphasised the strategic shift towards aggressive sales and marketing to capitalise on 3radical's established software platform. The focus is on leveraging Saul’s knowledge to enhance the company's presence in the market, particularly in light of changes in digital advertising trends, where the importance of first-party data is increasing. Regan outlined the significance of making the product easily understandable and purchasable for chief marketing officers.

Since Electric Guitar’s reverse takeover of 3radical and its listing on the AIM market a month ago, the company has been proactive. Regan said he has engaged with clients in Singapore and Australia and is working on integrating the UK team into a sales-focused culture. The company has also been building its sales team, with three new salespeople already active. Future plans include further partnerships and strategic hires to support the company's objectives.

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London’s blue chips shrugged off a big chunk of ex-dividend adjustments to head higher in anticipation of what is expected to be the first significant rate cut of the current cycle by the European Central Bank.

Canada’s central bank cut this week and if the ECB delivers it will put more pressure on the Bank of England and Fed to follow suit.

The Footsie was up five points early on led by copper miner Antofagasta and JD Sports.

Ocado fell again having had its expulsion from the FTSE 100 confirmed overnight. Cyber firm

Darkrtrace, housebuilder Vistry and property group LondonMetric are moving up.

Nvidia has overtaken Apple by market value after a new surge of buying sent its value above US$3 trillion.

Here, mixer specialist Fevertree said it remained "comfortable with full-year expectations", reporting market share gains and topline growth.

#ProactiveInvestors #marketreport #ftse #footsie #ftse100 #ecb #ocado #antofagasta #darktrace #apple #nvidia #londonmetric #fevertree #jdsports #vistry #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Firebird Metals Ltd (ASX:FRB; OTC:FRBMF) managing director Peter Allen joins Jonathan Jackson in the Proactive studio to discuss a development agreement with Zhongji Sunward Technology Co, Ltd (Sunward), a leading Chinese producer of rotary tunnel kilns.

This agreement involves co-funding the design of Firebird’s energy-saving calcining unit. The calcining technology, which is patent-pending, reportedly reduces energy usage by 80% and is intended to enhance Firebird's proposed Battery Grade High-Purity Manganese Sulphate Plant in Jinshi, Hunan Province, China.

The agreement includes a 5% royalty payment to Firebird from Sunward on future sales revenue of the units, while allowing Firebird the right to partner with other manufacturers.

Sunward will fund half the cost of a pilot plant for the calcining units, estimated at approximately US$200,000. They will also handle the engineering design and manufacturing. The pilot plant is expected to be completed within two months, with data from testing to inform the current project design.

Allen stated that the agreement validated the company's work and highlighted the calibre of partners they were attracting in China. Firebird aims to use this collaboration to determine the commercial viability of its energy recycling system, which could significantly reduce operating costs in its manganese sulphate plant.

Firebird remains focused on delivering energy-efficient improvements through its proprietary technologies, believing that the Energy-Saving Calcining Technology and 5th Generation Crystallization Technology will enable it to become a low-cost producer of high-purity manganese sulphate.

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

Aeeris Ltd (ASX; AER) CEO Kerry Plowright sits down with Proactive’s Jonathan Jackson to discuss the signing of its first customer through its In Market Service Provider Agreement with The Tomorrow Companies Inc. a global leader in resilience solutions, empowering organisations to manage increasing climate volatility with advanced weather intelligence technology.

Aeeris’s wholly owned subsidiary, Early Warning Network Pty Ltd (EWN), has partnered with US-based Tomorrow.io to distribute its resilience platform and proprietary weather data in Australia. This partnership enhances Aeeris’ alerting and risk mitigation capabilities, allowing Australian businesses to manage weather risks with greater precision.

Tomorrow.io utilises artificial intelligence and machine learning to analyse its proprietary data and models, along with precipitation data from its expanding network of radar satellites. This provides hyperlocal monitoring, automated risk mitigation workflows, and unified threat visibility. Their forecasting abilities are particularly useful in the transport and logistics sectors, which can be significantly impacted by weather conditions across vast distances and remote areas.

Traditional alerting systems are limited by ground-based radar locations, but Tomorrow io’s satellite network covers even the remotest locations. This collaboration enhances Aeeris’ offerings in early environmental warnings and hazard reduction technologies, providing superior accuracy and actionable insights.

The first Tomorrow.io customer signing demonstrates potential demand for these services.

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Osisko Metals CEO Robert Wares joined Steve Darling from Proactive to announce that the company is set to produce a Preliminary Economic Assessment (PEA) for its Copper Mountain project, part of the larger Gaspé Copper Project in Quebec. The PEA is expected to be released in early Q1 2025 and comes amid a promising outlook for the long-term copper market.

Wares explained that the foundation of the PEA will be the updated Mineral Resource Estimate (MRE) at Copper Mountain. The updated MRE includes an open-pit Indicated Resource of 495 million tonnes grading 0.37% copper-equivalent (CuEq). This represents a significant 30% increase in copper-equivalent metal content compared to the previously reported copper-only Inferred Resource. Notably, the conversion rate from Inferred to Indicated category exceeds 99%, showcasing the robustness of the resource.

The updated MRE outlines a substantial 3.25 billion pounds of contained copper, excluding additional significant molybdenum and silver resources. The Copper Mountain in-pit Indicated Resource now stands as the largest undeveloped copper asset in Eastern North America, highlighting its strategic importance and potential for future development.

To advance this work, Osisko Metals is conducting an 8,000 to 10,000-metre drilling program. This initiative aims to partially define Measured Resources and improve overall grades. Additionally, the drilling will test the potential for near-surface mineralization around the historical Needle Mountain mine, which was the initial operation for Gaspé Copper in the 1950s.

Wares emphasized that this comprehensive approach will provide a solid basis for the upcoming PEA, offering insights into the project's economic viability and potential for long-term copper production. The company's strategic focus on detailed resource definition and exploration underscores its commitment to advancing the Gaspé Copper Project and maximizing shareholder value in the burgeoning copper market.

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Arizona Gold & Silver CEO Mike Stark joined Steve Darling from Proactive to announce that the US Bureau of Land Management has provided the requisite approval for the Company to proceed with exploration drilling on the Red Hills gold target on the Philadelphia Gold-Silver property in Arizona. The Company had been awaiting a BLM Record of Decision.

Stark told Proactive that the permit will allow the Company to upgrade two access roads and build two drill pads and sumps for drilling up to 40 exploration holes. This drilling program aims to test the continuity of mineralized rock intersected on patented claims on the western edge of the Red Hills target.

The Company has agreed to several environmental mitigation measures both prior to and during drilling to help protect sensitive species known to be present in the general area. This commitment to operating in an environmentally responsible manner is demonstrated through measures such as reclamation of all disturbances as soon after completion of drilling as practicable, including regrading and reseeding of the disturbances upon completion of the drilling program.

#proactiveinvestors #arizonasilverexplorationinc #tsxv #azs #otc #azasf #mining #gold

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Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to announce that the company has secured a contract to deliver a WAM-V (Wave Adaptive Modular Vessel) to an Offshore Construction Contractor. The contract entails providing a spare vehicle system that can be assembled onsite. This WAM-V will be utilized to provide survey services for an offshore dredging project in Sub-Saharan Africa.

Stratmann highlighted that this award builds on the recent commercial success of OPT’s vehicles in the offshore construction and energy industries. The contract also supports the company's recent expansion into Latin America, a region with a vibrant offshore energy industry. Additionally, the company is exploring the potential for ocean security applications.

This contract marks a significant milestone for Ocean Power Technologies, reinforcing its position in the global offshore market and demonstrating the growing demand for its innovative WAM-V technology. The company's strategic focus on expanding its geographical footprint and diversifying its applications underscores its commitment to driving growth and delivering advanced solutions for offshore operations.

#proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt

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

Pegasus Resources' CEO, Chris Timmins, joined Steve Darling from Proactive to share significant developments in the company's exploration efforts. Timmins announced that Pegasus has engaged Dahrouge Geological Consulting to complete a preliminary geological model based on extensive geological mapping and sampling conducted at the Company's Energy Sands project located in Utah. This collaboration marks a pivotal step in Pegasus' strategy to advance its understanding and development of the Energy Sands project.

Timmins elaborated on the successful outcomes of the recent ground program. The program provided a comprehensive geological map that includes a detailed analysis of lithologies, geological structure, mineralization styles, and controls. It also confirmed the presence of paleochannel structures that govern the uranium and vanadium mineralization on the property. These findings are critical as they enhance the company's understanding of the geological framework and potential resource distribution within the project area.

Dahrouge Geological Consulting utilized the collected data in conjunction with the 2015 Utah Geological Survey regional map and stratigraphic column. This combination allowed for the construction of a robust preliminary geological model. This model will serve as a foundational tool to support Pegasus' permitting efforts for the planned drilling program set to commence in 2024.

Timmins expressed confidence in the collaboration with Dahrouge, highlighting the consulting firm's expertise and the detailed nature of the geological model they produced. He emphasized that the model not only validates the initial exploration findings but also provides a clear pathway for future exploration and development activities.

The geological model's development is expected to significantly enhance Pegasus' ability to attract potential investors and partners. It underscores the project's potential and lays the groundwork for a detailed drilling program aimed at defining and expanding the known mineral resources.

#proactiveinvestors #pegasusresourcesin #tsxv #pega #otc #sltff #mining #uranium #gold

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ATOME PLC (AIM:ATOM) CEO Olivier Mussat discusses the completion of the front-end engineering design (FEED) for the company's green fertiliser project in Villeta, Paraguay, with Proactive's Stephen Gunnion.

Mussat said the milestone is significant as it marks the first time a large green fertiliser facility has been fully designed from an engineering perspective. He explained that this achievement demonstrates the company's capability to integrate hydrogen and fertilizer plant designs into a viable engineering solution, a process that took 18 months. This step is crucial for gaining the confidence of funders and off-takers, who require assurance that the engineering meets high standards.

Looking forward, ATOME aims to progress from the FEED stage to an Engineering, Procurement, and Construction (EPC) contract, which will enable it to finalise detailed engineering and make a final investment decision this year. It is also negotiating offtake agreements to ensure long-term partnerships for selling the product.

Mussat said the successful completion of this project will serve as a blueprint for future projects, including a similar venture in Costa Rica.

He highlighted the extensive effort involved, noting nearly 100,000 hours of engineering work, and acknowledged the support from partners including AECOM.

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