Proactive - Interviews for investors

Immunic Inc CEO Daniel Vitt joined Steve Darling from Proactive to discuss the ongoing challenges and recent developments in treating multiple sclerosis (MS). This interview took place in conjunction with World MS Day, a day dedicated to raising global awareness about this debilitating disease. Vitt emphasized the significant unmet medical need for effective treatments, noting that MS affects approximately 2.8 million people worldwide. The disease often leads to progressive physical disability, with many patients eventually requiring wheelchairs for mobility.

Vitt explained that early diagnosis is crucial for MS, as it allows for more timely and effective intervention, which can significantly slow the progression of the disease. He highlighted Immunic’s innovative approach to MS treatment, which targets both inflammation and neuroprotection. This strategy is designed to address the complex nature of MS, which involves both inflammatory and neurodegenerative processes.

Immunic’s lead drug candidate, vidofludimus calcium, is currently in clinical development for both relapsing and progressive forms of MS. Vidofludimus calcium works by activating a protein called Nurr1, which provides direct neuroprotective effects in addition to its anti-inflammatory benefits via DHODH inhibition. This dual mechanism of action makes it a promising candidate for comprehensive MS treatment.

The drug is currently undergoing a phase 3 clinical trials for relapsing MS, with results expected in 2026. Additionally, a phase 2 clinical trial for progressive MS is underway, with results anticipated in April 2025. These trials aim to further validate the safety and efficacy of vidofludimus calcium in addressing the diverse and challenging aspects of MS.

Vitt expressed optimism about the potential of vidofludimus calcium to transform MS treatment. He cited the drug’s safety profile and its demonstrated efficacy in clinical trials as key factors contributing to this potential. If successful, vidofludimus calcium could become a critical tool in the fight against MS, offering hope to millions of patients worldwide.

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Latrobe Magnesium Ltd (ASX: LMG) chief operating officer Ronan Gillen sits down with Jonathan Jackson in the Proactive studio to discuss the firm commitments received to raise A$12 million from new and existing institutional and professional investors via an institutional placement, alongside a proposed fully underwritten, non-renounceable entitlement offer to raise A$6 million.

Funds will be utilised for the final structural works and commissioning of the Demonstration Plant, final engineering for steady-state production of 1,000 tonnes per annum magnesium metal and ongoing R&D in partnership with CSIRO.

The offer received strong support from LMG’s directors and management, who subscribed for A$650,000 of shares. Gillen expressed satisfaction with the support, noting the demand from both domestic and international markets. He highlighted the significance of LMG being the first to produce magnesium from brown coal fly ash and the positive macroeconomic outlook for magnesium.

The raised funds will support the Demonstration Plant in producing magnesium metal and saleable by-products, showcasing the commercial viability of their full flowsheet. LMG is also advancing plans for a 10,000 tonnes per annum Commercial Plant, with a bankable feasibility study set to begin shortly and inform a Final Investment Decision by the end of the year. The placement offers an opportunity to diversify the shareholder register ahead of significant company growth.

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Intelligent Monitoring Group Ltd (ASX:IMB) joins Jonathan Jackson in the Proactive studio to discuss binding agreements to acquire Everjazz Pty Limited (Alarm Assets Group or AAG) and ACG Integration Pty Ltd (ACG) for a total of $15.9 million.

These acquisitions are anticipated to add $5.7 million to FY24 proforma EBITDA, at an EV/EBITDA multiple of 2.8x. The acquisitions will bring more than 35 skilled technicians and expand IMG’s national coverage, enhancing capacity for growth in its commercial business. The client bases of AAG and ACG include ASX 100 companies and large government clients.

To fund the acquisitions, IMG will issue approximately 60.4 million new shares at $0.32 each, raising about $19.3 million. This represents a 7.2% discount to the last closing price and a 0.4% discount to the 10-day volume-weighted average price. The proceeds will cover acquisition costs, transaction expenses and working capital requirements. Completion of the acquisitions is subject to various conditions, including financier approval, and is targeted for June 30, 2024.

Hambling highlighted the acquisitions as strategic additions to ADT’s business, projecting a revenue run rate increase to $12 million annually by June 2024, with further growth anticipated.

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Li-S Energy Ltd (ASX:LIS) CEO Dr Lee Finniear sits down with Proactive’s Jonathan Jackson to discuss the company’s achievements and the importance of lithium sulphur batteries in the race to carbon zero. Finniear discusses the advancements the company is making with the technology and why lithium sulphur is better than lithium ion?

During the last quarter, Li-S Energy advanced the commissioning of its Phase 3, 2MWh cell production facility and successfully produced the first 20-layer lithium sulphur sample cells. The commissioning process, although complex, is progressing without insurmountable challenges. The company is now testing these sample cells for quality, construction, performance, consistency and safety to optimise each manufacturing step. This process is crucial for refining the cell design and manufacturing precision before mass production. The final cell design will be self-certified to UN38.3 standards for safe international transportation.

Li-S Energy conducted nail penetration tests on 28 2.5Ah multi-layer lithium sulphur cells, built on the Phase 2 micro-production line. These cells passed the civilian UL2271 & UL2580 standards and the United States Military Performance Specifications MIL-PRF-32383/4X, without fire, explosion, leakage or overheating.

The company also filed two new provisional patents and hosted Bob Galyen, former CTO of CATL, at their Geelong facility. Additionally, meetings with Federal and State government officials emphasised the importance of sovereign battery manufacturing capability. Visits to partners like Magnix Aero and ongoing negotiations with prospective partners were also noted.

Wishpond Technologies CEO Ali Tajskandar and CFO David Pais joined Steve Darling from Proactive to announce the company's consolidated financial statements for Q1 2024, representing the three months ended March 31, 2024.

Wishpond achieved quarterly revenue of $6,050,263 in Q1 2024, an 8% increase from $5,623,817 in the same period of 2023. This revenue growth was primarily driven by organic growth, increased sales and marketing activities, and new product introductions. The company reported a gross profit of $4,128,922 in Q1 2024, a 12% increase from Q1 2023. Wishpond's gross margin percentage for Q1 2024 was 68%. The company achieved positive Adjusted EBITDA of $290,304 in Q1 2024, a 39% increase from Q1 2023. Wishpond has over $2 million in cash on hand, with the reduction in net cash due to earnout payments for businesses acquired in 2022, investments in the business, and changes in working capital.

The company also announced the beta launch of its proprietary AI-powered sales platform, SalesCloser AI. The beta program has already seen several hundred businesses sign up. The platform can work 24/7 to engage leads, close deals, and service customers in ten different languages. SalesCloser can be adapted for use across various industries, including software/SaaS, professional services, financial services, education, travel and hospitality, insurance, and more.

Wishpond expects to achieve record revenue and Adjusted EBITDA in 2024, driven by the increasing traction of its new Propel IQ bundled product, an expanded sales team, and new sales from the recently launched SalesCloser AI virtual agent. The company continues to have an active pipeline of sales opportunities and robust demand for its products.

#proactiveinvestors #wishpondltd #tsxv #wish #otcqx #wpndf

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North Bay Resources CEO Jared Lazerson joined Steve Darling from Proactive to announce the latest exploration results from the Tulameen Platinum Project in British Columbia. The company has received assays from recent exploration efforts, revealing significant findings. Nine rock samples were analyzed using Aqua Regia - ICP whole rock analyses, confirming a magnesium-hosted nickel-cobalt deposit with additional copper and platinum group metals.

Lazerson elaborated that the Tulameen property is known for hosting a large magnesium deposit, primarily consisting of olivine within a dunite core. Dunite is a common host rock and indicator for nickel, as well as other valuable metals and gems. Historical exploration by Diamet in the 1980s estimated the presence of 15,000,000 tons of dunite in a single zone, mainly in the form of olivine. Moreover, four additional zones have been identified on the property, indicating a substantial mineralization potential.

These findings mark a significant milestone for North Bay Resources as they confirm the presence of a multi-metal deposit, which includes valuable nickel and cobalt resources. The confirmation of platinum group metals adds further value to the project, highlighting its potential as a significant source of critical minerals.

Lazerson emphasized that the positive assay results support the company's strategic focus on advancing the Tulameen Platinum Project. The presence of high-value minerals such as nickel, cobalt, and platinum group metals aligns with global demand for these resources, driven by their critical role in battery technology, electric vehicles, and various industrial applications.

The company plans to build on these findings by conducting further exploration and development activities. This will include detailed geological mapping, additional sampling, and possibly drilling to better delineate the extent of the mineralization and to define a resource estimate. The historical data combined with the recent assay results provide a robust foundation for future work.

#proactiveinvestors #northbayresourcesinc #otc #nbri #mining #bishopgoldmill

#Mining #Exploration #TulaMine #BritishColumbia #Nickel #Cobalt #Copper #Platinum #ResourceEstimation #MineralDeposits #GeochemicalAnalysis #HistoricalMining #MassTonnage #SulfideDeposits #MiningHistory #CEOUpdate #JaredLazerson #MiningProjects #FutureExploration #NaturalResources

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Torr Metals CEO Malcolm Dorsey joined Steve Darling from Proactive to announce a significant expansion of the Kolos Copper-Gold Project. Through strategic staking, Torr Metals has increased the project area by 75%, growing from approximately 140 km² to 240 km². This expansion focuses on the northern area of the project, following the extension of the north-trending Fanta Fault. This fault has been identified by the company as a major structural control on copper and gold mineralization in the region.

Dorsey also shared that, in conjunction with the project expansion, the company has mobilized a field team in preparation for the upcoming 2024 field season. The team will conduct early reconnaissance at multiple newly identified exploration targets, including a newly discovered mineralized outcrop in the Vik Zone. This proactive approach aims to identify and assess the potential of these targets to expand the resource base and enhance the project's overall value.

The Vik Zone outcrop is the first new mineralized rock exposure identified and sampled by Torr Metals within an area that had been recognized as a potential source for anomalous historical silt samples. A rock grab sample taken in 2023 from this outcrop yielded 379 parts per million (ppm) copper (Cu) and 238 ppm molybdenum (Mo). This outcrop is located near a high resistivity ZTEM anomaly, which is interpreted as a potential source intrusion for the mineralization. This anomaly will be one of the key exploration targets for early reconnaissance in 2024.

Dorsey emphasized the importance of these new findings, stating that the expansion and identification of new targets significantly enhance the potential of the Kolos Copper-Gold Project. The company's focus on systematic exploration and early-stage reconnaissance aims to uncover additional high-value mineral resources, contributing to the project's growth and development.

Looking ahead, Torr Metals is committed to advancing the Kolos Copper-Gold Project through a combination of strategic expansion, rigorous exploration, and efficient resource development. The upcoming 2024 field season will play a crucial role in assessing the newly identified targets and further delineating the mineral potential of the expanded project area.

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#proactiveinvestors #torrmetalsinc #tsxv #tmet #mining #gold #silver

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Nevis Brands CEO John Kueber joined Steve Darling from Proactive to announce the exciting expansion of the Major brand from beverages to gummies. Major Gummies will be offered in 100mg packages, containing ten 10mg gummies per package. Notably, these gummies are the only ones in the Washington market to utilize SoRSE emulsion, the same innovative ingredient used in Major beverages, which allows for improved taste and rapid onset. The flavors of Major Gummies will be consistent with the beverage line and will initially be available in Orange Mango and Blue Raspberry.

Kueber explained that Nevis' licensee for Major in Washington State has completed its initial round of production, with initial sales set to begin in the first week of June. This timely launch positions Major Gummies to make a significant impact on Q3 financial results. According to the Imarc Group, a research firm, the cannabis edibles market is estimated to be approximately $3.4 billion, indicating substantial market potential for Major Gummies.

The introduction of gummies represents a strategic expansion for the Major brand, leveraging the success and consumer trust built through its beverage line. The use of SoRSE emulsion ensures that the gummies will deliver a consistent, high-quality experience with a rapid onset, a key differentiator in the competitive cannabis edibles market.

Kueber emphasized that the new product aligns with Nevis Brands' commitment to innovation and quality. By maintaining the flavor profiles and effective delivery system that customers expect from Major beverages, the company aims to capture a significant share of the growing edibles market. The initial focus on Orange Mango and Blue Raspberry flavors highlights the brand's strategy to offer familiar and popular tastes to its consumers.

Looking ahead, Nevis Brands plans to expand the distribution of Major Gummies beyond Washington State, exploring opportunities in other markets to further enhance its footprint in the cannabis industry. The successful launch and anticipated positive reception of Major Gummies could pave the way for additional product lines and continued growth.

#proactiveinvestors #nevisbrandsinc #cannabis #sorse #major #thc

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ClearVu Technologies CEO Martin Dell joined Steve Darling from Proactive at our OTC studio in New York City to discuss the company's recent qualification to trade on the OTCQX Best Market, upgrading from the OTCQB. ClearVue Technologies trades under the symbol "CVUEF."

Dell noted that this milestone follows the appointment of Chuck Mowrey as ClearVue President and CEO for North America, aligning with the company’s strategy to target the U.S. market for its low-carbon products and technologies. He emphasized that the North American market is vital for ClearVue’s growth, especially with recent U.S. policy initiatives offering significant incentives for the construction sector to decarbonize and achieve net-zero emissions.

ClearVue operates in the Building Integrated Photovoltaics sector, producing renewable energy through glass windows and building surfaces. The transparent building material developed by ClearVue can pay back its embodied carbon multiple times over its operational and installed lifetime. ClearVue’s technology supports sustainability goals in new construction and refurbishments, helping buildings achieve "Net Zero" goals—a crucial aspect of modern building design and architecture.

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Altiplano Metals CEO Alastair McIntyre joined Steve Darling from Proactive to discuss the latest results from the company's underground and surface channel sampling at the Santa Beatriz Copper-Gold-Iron Project. The recent sampling efforts confirmed high-grade copper-gold mineralization within the Santa Beatriz vein complex. In total, 98 samples were collected, completing 37 sampling channels, providing substantial data on the vein’s mineral content.

McIntyre highlighted the significant potential for further developing Santa Beatriz to enhance its production of copper, gold, and iron. Currently, the mine operates under a permit allowing for 3,000 tonnes per month (tpm), but the company plans to apply for an increase to 5,000 tpm through the appropriate mining authorities. The Santa Beatriz Mine is strategically located just 2 kilometers from Altiplano’s existing Farellon Copper-Gold-Iron Mine operation and 13 kilometers from the El Peñón processing plant near La Serena, Chile. Both the Santa Beatriz and Farellon mines are iron oxide copper-gold (IOCG) deposits situated within Chile's copper-rich IOCG belt, which is associated with the Atacama Fault zone.

Looking ahead, Altiplano Metals has several strategic initiatives planned. The company aims to report financial and productivity improvements from its mill operations, continue the underground development at Farellon, and explore further opportunities at Santa Beatriz. With the copper and gold markets performing strongly, these efforts are expected to enhance Altiplano's growth and profitability.

Moreover, Altiplano is committed to expanding its asset base while focusing on shareholder returns and maintaining strong environmental, social, and governance (ESG) practices. The company’s strategy includes not only increasing production capacity but also ensuring sustainable and responsible mining practices that align with global ESG standards.

McIntyre expressed optimism about the future, noting that the confirmed high-grade mineralization at Santa Beatriz and the potential for increased production capacity present significant opportunities for the company. By leveraging these assets and the favorable market conditions for copper and gold, Altiplano is well-positioned to deliver robust growth and value to its shareholders.

#proactiveinvestors #altiplanometalsinc #tsxv #apn #mining

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