Proactive - Interviews for investors

ETC Group founder and chief strategy officer Bradley Duke discusses Bitcoin's move back above $70,000 with Proactive's Stephen Gunnion. He attributed this surge to the activity of "whales" – entities holding more than 1,000 bitcoins – who have been moving their holdings off exchanges into cold storage, signalling a long-term investment strategy and contributing to Bitcoin's scarcity.

Duke also addressed the approval process for the first spot Ether ETF by the US Securities Exchange Commission (SEC). Although final approvals are pending, the initial in-principle approvals have positively impacted Ethereum's market price. This move by the SEC is viewed as a broader endorsement of cryptocurrencies, marking a significant step beyond their previous Bitcoin-only focus.

Furthermore, Duke compared the US and EU crypto exchange-traded products (ETPs). He noted that while US Bitcoin ETFs are similar to European products, European ETPs offer additional benefits, such as incorporating staking rewards from Ethereum into the total return, a feature not yet permitted by the SEC for US ETFs.

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Pantheon Resources Executive Chairman David Hobbs joined Steve Darling from Proactive to announce that Pantheon’s wholly owned subsidiary, Great Bear Pantheon, has entered into a Gas Sales Precedent Agreement with AGDC subsidiary 8 Star Alaska LLC. Alaska LNG, a federally authorized integrated natural gas and LNG export project, is under development to deliver natural gas within Alaska and export up to 20 million tonnes per annum of Liquefied Natural Gas. Pantheon agrees to supply up to 500 million cubic feet per day of natural gas at a maximum base price of $1 per million BTU in 2024 dollars. The agreement includes minimum daily contract volumes that determine the level of the take-or-pay obligation and plateau natural gas deliveries for 20 years, with the potential for extension beyond the initial term.

Hobbs told Proactive that AGDC is pursuing an option to phase Alaska LNG by prioritizing the in-state pipeline portion of the project, which consists of the 42-inch pipeline from the North Slope to Southcentral Alaska. This strategy aims to provide natural gas to avert the looming energy crisis facing the region. Phase 1 of Alaska LNG does not involve the construction of an LNG plant, resulting in a materially lower capex requirement and construction timeframe, allowing gas transportation as early as 2029. AGDC is planning to undertake Front End Engineering and Design ahead of a Final Investment Decision planned for the middle of 2025. Hobbs highlighted the hard work of Pantheon’s team and assured shareholders that the company is following through on its plans for financial self-sufficiency and long-term value creation.

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European Green Transition CEO Aiden Lavelle joined Steve Darling from Proactive to announce promising results from recent grab samples taken at the Djupedal prospect, the nearby Bersummen area, and the newly identified Stora Lockerum structure, all located within the Olserum REE project in south Sweden. High-grade samples of dump material at Djupedal assayed 4.79%, 5.8%, and 11.77% TREO (Total Rare Earth Oxides). This fieldwork has allowed the team to increase their understanding of the system, extending the strike length of the mineralization at Djupedal to 1 km, and 900 m to the south, extending the recently discovered Stora Lockerum structure to up to 500 m following its discovery in March.

Lavelle also told Proactive that a sample from the March sampling results, which exceeded the detection limits, was re-assayed by XRF methods and assayed 15.27% TREO, of which 3.67% is high-value NdPrDy oxides. Six rock chip samples collected at the newly identified Stora Lockerum structure, 900 m south of Djupedal, assayed up to 3.88% TREO with an average of 1.73% TREO. Historic trial workings for iron were also discovered, confirming the link between the magnetite iron and REE mineralization in the district. Four samples from the Bersummen area assayed between 0.9% TREO and 2.51% TREO, with samples up to 290 m apart, defining a potential new mineralized trend northwest of Bersummen.

With these positive results, the company believes that EGT’s fully permitted low-cost drill program, scheduled for H2-2024, could confirm a district-scale system and further project upside. This would support the aim of attracting a partner to fund a larger-scale program, enhancing the project's development potential.

Lavelle emphasized that the continued success of their fieldwork is critical for expanding the understanding of the mineralized systems within the Olserum REE project. The recent discoveries and high-grade assays underscore the potential for significant rare earth element deposits in the region, which could play a crucial role in meeting the increasing global demand for these critical minerals.

#proactiveinvestors #europeangreentransition #aim #egt

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Mosman Oil and Gas Ltd (AIM:MSMN) CEO Andy Carroll joined Proactive's Stephen Gunnion with details of the company's acquisition of a stake in a helium project in Las Animas County, Colorado, in a first move to expand its helium portfolio.

Carroll explained that the company has owned the EP 145 licence in the Amadeus Basin, New South Wales, since 2013. Initially focused on hydrocarbons, the area revealed high helium content, prompting a shift towards helium due to its increasing value. Mosman has accumulated substantial expertise in helium operations and, through a partnership with Greenvale Energy, retains a 25% interest in the permit while Greenvale funds seismic and drilling operations, expected to begin next year.

Noting that Colorado is known for its high helium concentrations, Carroll said the company secured a 10% stake in a venture with Vecta, a private operator with extensive experience and a substantial lease package of 48,000 acres. The initial phase will involve drilling five prospects over the next year, leveraging the low cost and quick results of the region's wells.

Mosman’s shift towards helium and hydrogen marks a move away from traditional oil and gas assets. He said the company plans to commercialise and sell its legacy assets, such as the Stanley project, to reinvest in the more promising helium sector, aligning with current investor interests and market trends.

#MosmanOilAndGas, #HeliumInvestment, #EP145Licence, #AmadeusBasin, #GreenvaleEnergy, #Hydrocarbons, #USHeliumProject, #ColoradoHelium, #Vecta, #HeliumExploration, #Hydrogen, #LegacyAssets, #StanleyProject, #OilAndEnergySector, #SeismicDrilling, #StrategicShift, #InvestorInterest, #CommodityMarket, #FutureProspects #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Empire Metals Ltd managing director Shaun Bunn joined Proactive's Stephen Gunnion with news of a significant discovery of rutile and anatase deposits at the Pitfield project in Western Australia.

Bunn highlighted the significance of these minerals, which are rich in titanium dioxide (TiO2) and highly sought after for their use in high-end applications such as chloride pigment production, titanium metal production, and welding rod tips. He emphasised the scarcity of large natural deposits of these minerals and the increasing demand, which places Empire Metals in a favourable position.

Bunn described the discovery as an oxidised mineral cap found in weathered sandstones near the surface, making it easy to mine and process. The rutile and anatase deposits do not require extensive beneficiation, as they are nearly 95% pure TiO2, simplifying the processing to a final product. He noted that while rutile and anatase are easier to process, titanite also remains in their focus for development, requiring slightly more downstream processing.

The discovery accelerates the company's development strategy, providing an opportunity for a dual development process. Bunn mentioned that the company would focus on refining the high-quality TiO2 mineral product to a final pigment-grade product. Additionally, he said this new discovery changes the project's economics and dynamics, offering a straightforward processing flow and high-value product potential.

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React Group PLC (LSE:REAT) chairman Mark Braund joined Proactive's Stephen Gunnion with details of the company's interim results to 31 March 2024 and the growth trajectory going forward.

Braund explained that the company focuses on three main areas: emergency cleaning, janitorial cleaning under the Fidelis banner, and commercial window cleaning through the LaddersFree. Emergency cleaning, its original core, deals with events like trauma clean-ups and anti-social behaviour. The Fidelis segment, acquired in 2021, provides long-term contracts in sectors such as healthcare and education, maintaining high-profit margins. The LaddersFree acquisition in 2022 expanded its services to commercial window cleaning across the UK.

Braund emphasised the company's shift towards increasing recurring revenue, which now exceeds 85%, compared to below 30% four years ago. This growth is driven by both organic means and strategic acquisitions. Over the past four years, the company has averaged 24% organic growth annually. Moving forward, React Group plans to continue this dual growth strategy, balancing new acquisitions with organic growth initiatives.

Financially, Braund noted React Group is performing well, with significant increases in gross profit and free cash flow. The focus remains on growing gross profit rather than just revenue, with a strategic approach to operational efficiency and market expansion.

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Power Metal Resources PLC (AIM:POW, OTCQB:POWMD) CEO Sean Wade discusses an initial £2 million investment by ACAM LP with Proactive's Stephen Gunnion.

Wade explained that ACAM, a significant global natural resource investor, has expressed keen interest in the uranium sector.

The transaction also involves a non-binding term sheet to form a joint venture (JV) including Power Metal's entire portfolio of uranium licenses. The potential investment could extend to £10 million, enabling substantial exploration funding.

Wade said the joint venture is preferable to an IPO of the company's uranium assets because it crystallises more value for shareholders and provides essential cash for exploration.

The JV valuation is structured to value the portfolio at £20 million post-money, with a 50-50 split initially. ACAM aims for a 70% stake, which will involve an additional £4 million milestone payment to Power Metal.

Wade highlighted the importance of this deal in demonstrating the value of their assets and improving shareholder returns. The next steps involve an eight-week exclusive period to finalise the transaction and begin the exploration program.

#PowerMetalResources, #SeanWade, #ACAM #Investment, #NaturalResources, #Uranium, #JointVenture, #Exploration, #GreenlandAssets, #Minerals, #GoldArcTransaction, #IPO, #Shareholders, #ExplorationFunding, #CommercialDiscoveries, #Portfolio, #Valuation, #CapitalMarket, #StrategicInvestment, #miningindustry #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Caledonia Mining Corporation chief executive Mark Learmonth joined Proactive's Stephen Gunnion with an update on the company's Bilboes gold project in Zimbabwe.

Acquired in January 2023, the Bilboes assets have been under evaluation for the most effective commercialization strategy. The company has decided on a single-step development approach, projected to achieve an average annual production of 150,000 ounces of gold, peaking at nearly 200,000 ounces initially. This method offers the best increase in net present value (NPV) per share, estimated at over $300 million at a gold price of $1,884 and a 10% discount rate.

The single-phase approach requires peak funding of approximately $300 million, which coincidentally matches the NPV. Alternative phased approaches were deemed less favourable due to higher relative costs and reduced debt funding capacity. Learmonth emphasized the project's significant potential, noting that higher gold prices and lower discount rates could increase the project's value to nearly $1 billion.

The next steps include upgrading the current work to a feasibility study, with particular focus on the tailings facility, the largest capital expenditure component. This process, leveraging experience from the Blanket mine, aims to optimise costs through modular construction. Additionally, the company has engaged an advisor to explore debt financing options. These parallel processes are expected to continue into early next year, with feasibility studies and financing efforts progressing concurrently.

#CaledoniaMining #GoldProject #MiningIndustry #BilboesGold #GoldProduction #Investment #MiningNews #MarkLearmonth #GoldMarket #NPV #FeasibilityStudy #DebtFinancing #TailingsFacility #ModularConstruction #GoldPrices #MiningUpdates #CapitalExpenditure #ProjectDevelopment #EconomicGrowth #MiningCEO #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

In the City this morning, blue chips have traded higher, with strong rises from Primark owner AB Foods.

It comes after Inditex, the Spanish owner of fellow fashion chain Zara, posted both revenues and profits in line with guidance, with sales rising 7% year-on-year.

British Gas owner Centrica shares dipped despite reiterating that profits will remain in line with expectations.

Much of the share price slide was likely driven by its claims that this year’s performance would feature against a “more normalised” backdrop, indicating that gas prices have retreated from the highs following the Ukraine invasion.

B&M, the discount retailer, saw its shares tumble too after it failed to provide any forward-looking guidance or updates on current trading.

Analysts labelled the update “curious” and while there were claims of volume growth, the experts said mentions of like-for-like volume “appeared elusive”.

Meanwhile, Asda was found to be the most expensive supermarket fuel retailer, selling a litre of petrol for an average of 2.1p more than Tesco, Morrisons and Sainsbury’s.

#ProactiveInvestors #marketreport #ftse #footsie #ftse100 #centrica #inditex #zara #b&M #asda #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Anson Resources Limited (ASX: ASN) executive chairman Bruce Richardson sits down with Jonathan Jackson in the Proactive studio to discuss the identification of high-grade gallium and barium mineralisation in conjunction with zinc, lead, copper and silver from historic drilling programs. The findings were identified through a review of records from historic lead mining in the area. The Mary Springs exploration program did not assay for indium or germanium, which have since been discovered at the Surprise and Ethel Maude prospects.

The WACHEM dataset from the Government of Western Australia indicated gallium and barium assays across the Ajana Project area, corroborating drilling results that suggest numerous critical mineral deposits. Recent drilling programs by Anson have returned high-grade zinc, lead and silver values along with significant gallium, indium and germanium. Notably, gallium was found in all 26 drilled holes, with a concentration of up to 34.4 g/t.

Additionally, the Chequers prospect has been identified as a third gallium-rich location. This prospect, between Mary Springs and Surprise, shows grades of 23 g/t gallium and 419 g/t barium from surface to 46 metres. The assay results suggest an extensive area of critical mineralisation, potentially over an 8-kilometre strike length.

The original VTEM geophysical survey identified several zinc-lead-silver drill targets, indicating the potential for extensive or multiple mineral pods similar to Mary Springs. These findings are being used to plan follow-up drilling programs.

Richardson, noted the significance of these discoveries for Anson's prospects without additional investment in soil geochemical test work and drilling. He emphasised the potential to develop a mine producing lead, zinc, silver, barium, gallium, germanium and indium, which are crucial for modern technologies. The company aims to further develop the Ajana Project alongside its primary focus on lithium in Utah, USA.

#ProactiveInvestors #AnsonResources #ASX #MineralDiscovery #Gallium #Barium #Zinc #Lead #Silver #Copper #Indium #Germanium #AjanaProject #CriticalMinerals #Mining #GeochemicalMapping #VTEMSurvey #BruceRichardson #Exploration #Mineralisation #ASX #MiningIndustry #ResourceDevelopment #Australia

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