Proactive - Interviews for investors

Proactive's Billy Farrington discusses recent developments in the cryptocurrency market. Despite strong earnings from major tech companies like Microsoft and Alphabet, Bitcoin has not experienced any significant gains, showing a relatively flat performance with a 3% fall against the US dollar.

The Bitcoin ETF market, especially, has seen stagnation, with BlackRock's IBIT product experiencing its first day without cash inflows in over 71 days. This stagnation is reflected in Bitcoin's spot prices, which have slightly declined. Moreover, the prospect of an Ethereum ETF remains uncertain due to the Securities and Exchange Commission's (SEC) scepticism, particularly because the SEC views Ethereum as an unregistered security rather than a commodity, unlike Bitcoin.

Recent allegations of money laundering have implicated Changpeng Zhao (CZ), former mentor to Sam Bankman-Fried, with potential prison time on the horizon for CZ due to his guilty plea.

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Ilika PLC (AIM:IKA, OTCQX:ILIKF) CEO Graeme Purdy tells Proactive's Stephen Gunnion that Agratas, Tata Group’s battery business, has joined the SiSTEM project which aims to build a 1.5MWh solid-state battery (SSB) assembly line.

Purdy noted that SiSTEM was awarded a £2.7 million grant from the Advanced Propulsion Centre as part of the Automotive Transformation Fund. This grant supports the collaboration with UK Battery Industrialisation Centre (UK BIC) and Mpac Group plc to develop a 1.5MW hour solid-state battery assembly line.

The line will produce large format pouch cells for electric vehicles (EVs), with scale-up trials to occur at UK BIC using industry-ready equipment. Agratas' participation is primarily to evaluate and design a concept facility for implementing solid-state battery manufacturing at Gigafactory scale.

Purdy views this collaboration as a significant validation of Ilika’s technology, demonstrating commercial interest in their capabilities. Additionally, a 12-month bilateral collaboration with Agratas will focus on developing a D8 prototype, a minimum viable product that will test the scalability and performance of the battery technology.

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Fah Mai Holdings Group Inc (OTC:FMHG) CEO Louis Haseman discusses the need for regulating the whisky industry, particularly focusing on the trade of whisky casks.

In an interview with Proactive's Stephen Gunnion, Haseman highlighted a significant issue with scams involving non-existent whisky casks, referencing a public statement by Fergus Ewing of the Scottish National Party about £4 million worth of fictitious casks sold last year. Haseman emphasized that this figure likely underestimates the true extent of fraud in the industry.

Current regulations primarily cover the production and storage of Scotch whisky but do not adequately address the trading of whisky casks, which has minimal oversight. This lack of regulation makes the market susceptible to fraudulent activities.

Haseman argued for increased transparency in the trading process to ensure that investors are aware of the actual existence and value of the casks they purchase. He noted the innovative efforts by Vikki Bruce, who developed 'CaskNet', a platform aiming to provide transparency and potentially mitigate scams by verifying casks. This initiative represents a step towards improving industry standards and protecting consumers.

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Cooper Metals Ltd (ASX:CPM) managing director Ian Warland is back in the Proactive studio to recap drilling activities and the explorer’s latest quarterly report.

Cooper has just completed its third drilling campaign of the year, targeting copper-gold mineralisation across four regional targets at its Mt Isa East project in northwest Queensland. The prospects in question — Raven, Mafic Sweats North, Mafic Sweats South and Yarraman — were together the focus of 12 reverse circulation holes and around 1,800 metres of drilling.

Following the campaign, more than 500 one-metre samples were dispatched for analysis to a laboratory in Mt Isa, primarily from the prominent Mafic Sweats South prospect. While a busy exploration season has hampered lab turnaround times, Warland is excited to bring fresh results to the market in the current quarter.

Recapping the last three months of activity, the MD highlighted regional drilling endeavours and sampling efforts across the project portfolio. He also called out the Brumby Ridge and Guru targets, where the explorer hopes to be on the ground again in short order.

Looking ahead, Warland noted that the company is well funded to keep the momentum going, with A$4.4 million in the bank thanks to a recent capital raise. The company looks forward to delivering more assays, completing regional geochem and mapping programs and building on its portfolio of drilling targets before the end of the financial year.

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Scottie Resources CEO Brad Rourke joined Steve Darling from Proactive to provide an update on the final assays from the company's 2023 drill campaign on the Blueberry Contact Zone in British Columbia's Golden Triangle. The results included impressive intercepts such as 13.9 g/t gold over 7.00 meters and 59.2 g/t gold over 1.25 meters.

Rourke explained that the Blueberry Contact Zone is situated 2 kilometers north-northeast of the Scottie Gold Mine, which the company owns outright and is located 35 kilometers north of Stewart, BC, along the Granduc Road, the zone has shown significant promise for high-grade mineralization.

The 2023 drill campaign encompassed 20,130 meters of diamond drilling, primarily aimed at expanding the Blueberry Contact Zone. The drilling successfully extended high-grade mineralization to a depth of 525 meters. Rourke highlighted key drillholes, such as SR23-312, which targeted the Blueberry-Fifi vein zones and intersected 13.9 grams per tonne gold over 7.00 meters. Additionally, drillhole SR23-306 targeted the Fifi-Lemoffe vein zones, resulting in intercepts of 59.2 g/t gold over 1.25 meters and 9.5 g/t gold over 1.00 meter.

These results signify significant progress for Scottie Resources and reinforce the potential of the Blueberry Contact Zone as a valuable asset within its portfolio.

Moreover, the company achieved a financial milestone by selling a 2% royalty to Franco-Nevada, bolstering its treasury significantly and adding credibility to its projects. Looking ahead to 2024, Scottie Resources plans a diversified exploration strategy, including further work on Blueberry and initiating underground drilling at Scotty Gold Mine to leverage its historic drill data and enhance resource estimation.

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The FTSE 100 remained on its record-breaking streak on Friday, climbing to yet another intraday high of 8,136 as the market opened.

NatWest was among big names reporting, with the lender echoing rivals with news of lower first-quarter net interest margins, leaving profit down 28% at £918 million.

Also making headlines was Anglo American after rejecting an all-paper £31 billion takeover bid from BHP, which it dubbed ‘opportunistic’ and ‘uncertain’.

Education firm Pearson slipped as news of a 3% growth in sales over the first quarter appeared to disappoint.

In the US, Microsoft looked set to reclaim its US$3 trillion market cap after shares climbed in pre-market trading following a first-quarter earnings beat.

In macro news, GfK’s consumer confidence indicator showed the first improvement in three months in April.

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Torr Metals CEO Malcolm Dorsey joined Steve Darling from Proactive to announce preliminary results that have identified near-surface high-priority geophysical resistivity anomalies extending up to 1.5 kilometers in depth. These anomalies are coincident with highly anomalous copper, gold, and molybdenum mineralization at the surface.

Dorsey explained to Proactive that exploration drill targets have been identified using a newly completed 3D resistivity inversion voxel model. This model was derived from the ZTEM geophysical survey completed over the entirety of the company's 100% owned approximately 140 square kilometers Kolos Copper-Gold Project in late 2023.

The identified trend encompasses five priority exploration targets that delineate potential porphyry centers, all of which have never been drilled before. Importantly, all of these priority exploration targets are road-accessible from Highway 5, situated approximately 23 kilometers north-northeast of the city of Merritt.

These findings represent a significant step forward in the exploration efforts of Torr Metals, potentially unlocking valuable mineral resources in the Kolos Copper-Gold Project.

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Xigem Technologies CEO Brian Kalish joined Steve Darling from Proactive to discuss the company's optimistic outlook on the used car market. Kalish highlighted the recent upswing in the global used car market, which was valued at approximately $1.9 trillion in 2022 and is projected to reach around $3.3 trillion by 2032. Additionally, estimates suggest that by 2026, over 10% of car sales in the US and Europe may occur through digital platforms utilizing AI, representing nearly 20% of used car transactions becoming completely digital.

Kalish emphasized that Xigem's acquisition of EchoDigital positions the company ideally to capitalize on this dynamic market. EchoDigital is an AI-powered automotive shopping platform that operates as a SaaS-based solution, leveraging proprietary AI technology to seamlessly generate leads from traditional sources. The EchoDigital AI evaluates and qualifies leads based on psychological aptitude, then matches them with the most suitable and qualified customer service or sales representative to facilitate the sale. This innovative approach enhances the efficiency and effectiveness of the sales process, driving value for both buyers and sellers in the used car market.

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Atha Energy CEO Troy Boisjoli joined Steve Darling from Proactive to announce the company's agreement with Inspiration Energy Corp. In this agreement, Atha has granted Inspiration an exclusive option to acquire a 70% interest in each of Atha's Plateau and Ledge properties, subject to option considerations and work commitments outlined in the option agreement.

Boisjoli explained to Proactive that this agreement on two of Atha's early-stage projects follows the company's maiden exploration program conducted in 2023. During this program, Atha made significant investments in a large number of early-stage uranium exploration projects within its portfolio. The aim was to identify and derisk a high number of targets within the high-grade Athabasca basin, which now supplement the discovery potential of its recently acquired Angilak and Gemini projects.

The company is poised to execute one of the largest exploration programs in the sector, particularly focusing on their mature assets like the Angilak property and the Gemini project, which includes the high-grade GMD zone. Boisjoli noted the current uranium market as the best he has seen, offering numerous opportunities for partnerships and exposure in the field.

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Vinanz Limited Executive Chairman David Lenigas joined Steve Darling from Proactive at our OTC studio in New York City to discuss the company's recent developments. Vinanz is a London-based Bitcoin mining company with a dual listing on the OTCQB. Lenigas outlined Vinanz's strategic positioning primarily in North America, with operations in Nebraska and Labrador, Canada. The company recently obtained DTC eligibility, which enhances its market presence, particularly in the U.S., and supports its market capitalization and growth objectives.

Lenigas highlighted Vinanz's focus on expanding its North American operations by adding clusters of 250 to 500 Bitcoin miners across various states and provinces. Despite the typical reduction in Bitcoin production during a recent 'halving' event, Vinanz experienced an initial increase in production in Canada, which Lenigas attributed to overclocking older machines to enhance performance by 15-20%. Although this anomaly was short-lived, production stabilized at a higher-than-expected rate, reflecting the company's commitment to leveraging innovative technologies and maintaining competitive electricity costs.

Looking ahead, Vinanz plans to significantly expand and install new mining equipment to enhance efficiency and productivity. The company remains committed to its strategic growth trajectory and aims to capitalize on emerging opportunities in the Bitcoin mining sector.

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