Proactive - Interviews for investors

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) president and CEO Aydin Kilic joined Stephen Gunnion in Proactive's London studio with insights into the company’s transition and growth.

Initially established as the first publicly traded crypto mining company in 2017, HIVE began by mining Ethereum in Iceland before expanding to Sweden and Canada. Following Ethereum's transition during the merge, HIVE pivoted its GPU resources from Ethereum to Bitcoin mining and later to AI computing. This strategic shift has proven profitable, with the AI computing segment achieving a $1 million annual run rate in its initial beta test phase and growing to an almost $10 million Internal Rate of Return (IRR) in the subsequent year.

Kilic also discussed the operational differences between the company's rugged crypto mining facilities and its refined, high-performance tier-three data centers, located strategically to leverage green energy sources like hydropower and geothermal energy. These centers are distinct in their operations, focusing either on AI computing or Bitcoin mining, each with substantial revenue potential. Moreover, Hive manages to keep a balanced approach by maintaining efficiency in Bitcoin operations, leveraging market cycles to optimize investment and profit from fluctuations in Bitcoin prices.

Kilic highlighted the company’s financial health, noting its significant Bitcoin treasury and minimal debt, providing stability amidst market volatility.

Looking ahead, Hive aims to expand its AI revenue significantly, with ambitious targets set for the upcoming quarters, further solidifying its dual approach to leveraging both AI and Bitcoin mining for growth and investor value.

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The FTSE 100 enjoyed a bright start following news the Federal Reserve held interest US rates last night and ruled additional hikes ‘unlikely’.

Shell gained as the market opened, after unveiling a new $3.5 billion share buyback on the back of better-than-expected first-quarter results.

Embattled hospitality firm Revolution confirmed takeover interest from Piano Works owner Nightcap, as the group continues to eke out a survival plan.

Publisher Reach pleased investors early on, as confidence in meeting full-year expectations despite lower first-quarter revenue sent shares 6% higher.

In Europe, weight loss drug giant Novo Nordisk announced a production ramp-up on growing US patient numbers as first-quarter earnings beat expectations.

And finally, Uber faced renewed pressure as news emerged London black cab drivers were to sue the company for £250 million on Thursday.

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Team Internet Group PLC (AIM:TIG, OTCQX:TIGXF) CEO Michael Riedl discusses the completion of the acquisition of Shinez, a digital content production and promotion company specialising in listicle-based articles with embedded advertisements.

Riedl noted that the acquisition is immediately accretive to earnings, with an expected high single-digit EPS accretion for the year, even before accounting for synergies. He highlighted that Shinez attracts different customer groups early in the decision-making process, which complements Team Internet's existing product suite.

With the inclusion of Shinez, Team Internet now covers the entire marketing conversion funnel, from initial awareness to final sale conversions, he added.

Riedl also discussed future growth strategies, emphasizing the enhanced capability to target consumers at every stage of their decision-making journey, thus increasing shareholder value. He mentioned leveraging synergies such as cross-promoting products and integrating ad inventories. The acquisition strengthens Team Internet's relationship with significant internet players like Meta, providing potential spillover benefits.

Looking ahead, Team Internet plans to deepen its involvement in social media and expand its network of demand-side partners to better tailor commercial offers to consumers.

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Lithium Energy Ltd (ASX:LEL) executive chairman William Johnson sits down with Proactive’s Jonathan Jackson to discuss the sale of its 90% stake in the Solaroz Lithium Brine Project in Argentina for up to US$63 million (~A$97 million). The binding Share Sale Agreement was made with CNGR Netherlands New Energy Technology B.V., a subsidiary of CNGR Advanced Material Co Ltd. This transaction values Lithium Energy's shares at A$0.865 each, a 79% and 52% premium over its three-month and one-month VWAP, respectively.

Johnson notes that this decision followed a strategic review and multiple offers, reflecting significant value creation since the company’s IPO in May 2021, when shares were priced at $0.20. The sale aims to eliminate development and funding risks and boost the company’s cash reserves, enabling future investments in battery minerals. The board is also considering a potential shareholder distribution following the sale’s completion.

CNGR will pay a US$1.8 million deposit, with the remainder due as follows: US$53.7 million at completion, US$3 million held in escrow for two years, and US$4.5 million in deferred payments contingent on future lithium prices. The transaction includes selling Lithium Energy's shares in Solaroz S.A. and a loan assignment, with completion expected in the fourth quarter of 2024, pending shareholder and regulatory approvals.

This sale is part of Lithium Energy’s broader strategy to realign its investment focus within the battery minerals sector, following the completion of the Solaroz sale and the proposed spin-out and IPO of Axon Graphite Limited.

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Alligator Energy Ltd (ASX:AGE, OTC:ALGEF) CEO Greg Hall sits down with Jonathan Jackson in the Proactive studio to talk about significant uranium discoveries following resource extension drilling at the Samphire Uranium Project near Whyalla, South Australia. The drilling, which ran from late January to mid-April, included 49 drill holes spanning 4,089 metres. This initiative aimed at the Blackbush deposit's roll fronts has revealed noteworthy uranium intersections, aligning with strategic exploration objectives. Ground gravity surveys played a crucial role in identifying the target palaeochannels, enhancing the accuracy of deposit targeting.

Significant results include intersections of 4.44 metres at 0.43% uranium (pU3O8) from 61.38 metres, 1.47 metres at 0.40% from 60.68 metres, 0.75 metres at 0.64% from 63.57 metres and 1.17 metres at 0.30% from 64.24 metres. These findings not only extend the known mineralisation within the Blackbush deposit but also suggest possible expansions into new areas.

Drilling will resume in mid-May after a break for the pastoral lambing season, with a focus on exploring Extension Area 2 and expanding into the Blackbush North Target Area. Alligator Energy has committed to continuous drilling through 2024 and plans to update its mineral resource estimate by the fourth quarter.

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Cyclone Metals Ltd (ASX:CLE) CEO Paul Berend is back with Proactive after the company cut the ribbon on results from the first phase of metallurgical test-work at its Iron Bear Project in Canada.

The team is celebrating after the program generated high-quality, high-yield iron ore concentrates —a crucial step in Cyclone's efforts to advance sustainable steel manufacturing through its flagship magnetite project.

The pilot plant at Corem in Quebec City processed roughly half a tonne of source sediment, initially containing 29.1% total iron (Fe). Positively, Berend says the test results surpassed previous efforts, producing a direct reduction (DR) concentrate with a 71.3% Fe grade and 1.1% silicon dioxide (SiO2). This high-grade DR concentrate is pivotal for steel production via direct reduction technologies, aligning with the industry's shift towards more environmentally friendly practices.

Additionally, the plant achieved a blast furnace concentrate with 69.8% Fe and 3.4% SiO2 and a reverse flotation (RF) concentrate grading 68.3% Fe and 4% SiO2. These results contribute to improved overall recovery rates and product quality while maintaining low levels of deleterious elements, essential for clean steelmaking inputs.

What’s more, Iron Bear’s location near Schefferville on the border between Newfoundland and Labrador and Quebec provides strategic advantages. According to Berend, proximity to key infrastructure like an open-access heavy haul railway and potential access to renewable energy from the nearby Menihek hydro-plant enhances the project's economic viability.

The project’s magnitude is also a factor: a mineral resource update, released this month, puts the project at 16.6 billion tonnes of iron grading 29% total Fe and 18.2% magnetic Fe under JORC standards. These substantial resources, coupled with the recent pilot plant test-work, place Cyclone Metals at the forefront of developing next-generation low-carbon iron ore products.

Moving ahead, the company has initiated phase two of the pilot program, planning to produce larger sample sizes for further testing and potential client trials as it works to foster partnerships for future offtake agreements.

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Resource Mining Corporation Ltd (ASX:RMI) director Trevor Matthews joins Proactive to discuss high-grade copper-gold results from ongoing exploration at the Mpanda Project in Tanzania. Significant findings include rock chip samples with up to 6.97% copper and 17.97 g/t gold, and 6.93% copper with 6.54 g/t gold, collected from the Kabungu copper anomaly. Additionally, channel sampling at the Stalike anomaly showed promising results, including 1 metre at 2.3% copper, part of a 5-metre section averaging 1.13% copper.

Two auger drill holes at Ndogo anomaly also indicated mineralised copper values, with samples including 1 metre at 0.20% and 0.21% copper. This supports the potential significant resource, as the copper anomaly extends over 5 kilometres along strike.

Matthews highlights the positive impact of these results on defining further exploration and exploitation opportunities within the extensive tenement package. He expressed confidence in developing significant copper-gold projects in the near future, driven by robust copper and gold markets.

Further exploration plans include more drilling and detailed geological mapping, particularly in the Mpanda Ndogo anomaly. This ongoing work aims to refine the understanding of the mineralisation and prepare for future resource development. The results so far affirm the presence of copper-gold mineralisation linked to the soil anomalies previously identified.

Sintana Energy CEO Robert Bose joined Steve Darling from Proactive to detailed the outcomes of their exploration campaign in Namibia, highlighting the discovery of oil across multiple horizons in the Mopane wells, with one well testing at a flow rate of 14,000 barrels per day. The estimated reserves exceed 10 billion barrels, positioning Mopane among the largest oil discoveries globally in recent decades. Bose also discussed the enhanced visibility and investor interest following these discoveries, noting a rise in trading volumes and stock response.

The company also revealed that Chevron Namibia Exploration, an affiliate of Chevron Corp., has entered into an agreement to join Petroleum Exploration License 82 (PEL 82). Under the agreement, Chevron assumes an 80% working interest and operatorship, while NAMCOR and Custos Energy each retain a 10% carried interest in PEL 82. Sintana, with an indirect 49% interest in Custos, maintains a strategic position within the license.

Bose emphasized the expanding partnership with Chevron as a testament to the quality of Sintana's Namibian portfolio, highlighting the timeliness of the entry into PEL 82 and the portfolio's unmatched potential as Namibia emerges as a significant hydrocarbon province.

Additionally, Sintana has entered into a definitive agreement with Crown Energy for the acquisition of up to 67% of Giraffe Energy and its 33% interest in Petroleum Exploration License 79 (PEL 79). This acquisition provides Sintana with an attractive entry into a high-impact license with substantial upside potential, further expanding its exposure to Namibia's Orange Basin, which is gaining recognition as a prominent hydrocarbon province.

PEL 79 presents a unique opportunity for Sintana, as it is one of the last remaining licenses not operated by a private operator. The acquisition underscores Sintana's commitment to strategically positioning itself in promising exploration areas, poised for significant growth and value creation.

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Tokens.com CEO Andrew Kiguel joined Steve Darling from Proactive to unveil the company's strategic pivot towards AI and robotics, marking a significant step to position itself as a pioneer in technological innovation. Tokens.com recently completed the acquisition of Simulacra Corporation, a leading specialist in AI for companionship and ultra-realistic humanoid robots. These cutting-edge technologies are not only designed for interactive companionship but also find applications across entertainment, healthcare, and education sectors.

Kiguel emphasized the transformative potential of humanoid robots in various domains, including classrooms for interactive teaching experiences and healthcare settings for providing companionship and assistance to patients. Tokens.com has already demonstrated the practical utility of its technologies through successful projects with prominent entities like the US military and Johns Hopkins Hospital.

Moreover, Tokens.com is exploring novel governance applications by considering the integration of AI-enabled robots as advisors on its board. This strategic move underscores the company's commitment to leveraging AI to enhance decision-making processes while ensuring impartiality and efficiency.

With over $20 million in revenue, Tokens.com has solidified its position as a leader in the field of humanoid robotics, distinguishing itself from competitors such as Boston Dynamics and Tesla. The acquisition of Simulacra Corporation marks a significant milestone in Tokens.com's journey towards innovation and technological advancement.

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ETC Group founder and chief strategy officer Bradley Duke discusses recent trends in Bitcoin's market performance and future expectations with Proactive's Stephen Gunnion.

He noted Bitcoin's peak prices above $72,000 in March and April, attributing these to the SEC approval of spot Bitcoin ETFs in the US. Duke described the subsequent price retracement to below $60,000 as a normal aspect of market cycles, involving profit-taking and no cause for panic.

Regarding the Bitcoin halving event, Duke explained that while immediate effects on Bitcoin prices are minimal, historical data shows significant price movements tend to occur around 100 days post-halving, with the most pronounced effects about 400 days later. He linked these movements to reduced mining rewards, which gradually impact supply and, by extension, prices.

Additionally, Duke shared ETC Group's projection that Bitcoin could reach or surpass $100,000 by the end of 2024, which is conservative compared to some investment bank forecasts.

He also highlighted the launch of the ETC Group Core Bitcoin ETP (BTC1), designed to enhance liquidity by aligning with trading times across North America, Europe, and Asia Pacific.

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