Proactive - Interviews for investors

Island Pharmaceuticals CEO Dr. David Foster joined Steve Darling from Proactive to share exciting updates on the company's progress in developing a potential treatment for dengue fever. Foster revealed that Island Pharmaceuticals continues to achieve promising results from testing its ISLA-101 drug candidate, specifically highlighting highly encouraging pharmacokinetics (PK) data obtained from a single ascending dose study.

The latest assessment, conducted on 24 subjects, has provided critical PK data essential for understanding how ISLA-101 interacts within the body. This data is instrumental in establishing appropriate dosing regimens for Island’s planned Phase 2a clinical trial. Notably, the data indicates that even following a single dose, ISLA-101 achieves blood concentrations that have previously been demonstrated to be effective against dengue fever infections.

In discussing the significance of these findings, Foster emphasized the urgent need for treatment options for dengue fever, a disease that affects approximately 400 million people annually and is endemic in around 100 countries. Highlighting the severity of the situation, Foster noted that since the beginning of 2024, over two million dengue fever cases and over 500 related deaths have been reported globally. The economic burden of dengue fever is also substantial, with an estimated worldwide annual cost of approximately $13.8 billion.

Island Pharmaceuticals' progress in developing ISLA-101 represents a significant step forward in addressing this critical unmet medical need. As the company advances toward its Phase 2a clinical trial, there is optimism for the potential of ISLA-101 to offer an effective treatment option for dengue fever, potentially alleviating the significant burden of this disease on global health and economies. Stay tuned for further updates as Island Pharmaceuticals continues its important work in combating dengue fever.

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Global Head of ETF for Grayscale David LaValle joined Steve Darling from Proactive to discuss the performance and achievements of the Grayscale Future of Finance ETF (GFOF) in recent months. LaValle provided insights into GFOF's performance, which has seen approximately an 8% increase over the past month, surpassing benchmarks such as the S&P 500 and NASDAQ 100. He attributed this success to the strategic positioning of GFOF, likening it to investing in internet infrastructure in 1998.

LaValle emphasized that GFOF focuses on digital assets' infrastructure, despite uncertainties surrounding specific winners in the space. Holdings in companies like Coinbase and other mining companies have contributed significantly to GFOF's performance. He underscored the importance of recent developments in the digital asset space, such as the introduction of Bitcoin ETFs in the U.S. and the uplisting of Grayscale Bitcoin Trust, which have expanded discussions with financial professionals and wealth managers about integrating digital assets into portfolios.

Addressing the evolving perception of Bitcoin, LaValle noted its recognition as a volatile yet increasingly accepted asset class. He discussed Bitcoin's potential roles in investment portfolios, ranging from being viewed as a disruptive technology to serving as a digital store of value, akin to digital gold or exposure to high-growth tech.

Overall, LaValle expressed optimism about the future of GFOF and digital assets in general, highlighting their potential to play a significant role in diversified investment portfolios. As Grayscale continues to navigate the dynamic landscape of digital assets, investors can anticipate further innovations and opportunities for growth in the future. Stay tuned for more updates as Grayscale continues to lead the way in the digital asset investment space.

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Baselode Energy CEO James Sykes joined Steve Darling from Proactive to provide updates on the Bear uranium projects located in the Athabasca Basin in northern Saskatchewan. Sykes outlined the company's plans for the upcoming drill program, emphasizing the strategic targeting of multiple areas within the project.

The Bear drill program is slated for 1,500 meters, with 6 to 8 drill holes strategically targeting 3 to 4 different areas of interest. Sykes noted that the field crew has already commenced logistical support for the Bear project, with the drill crew scheduled to be on-site within two weeks. Notably, the use of helicopter support for the program aims to expedite drill targeting while minimizing environmental impact on the ground. Baselode Energy has obtained all necessary permits to proceed with the program, ensuring compliance with regulatory requirements.

In addition to the drill program, Sykes highlighted the completion of a low altitude, high-resolution airborne radiometric and magnetic survey on the Bear project in March. While final results are pending, the company expects to receive them prior to the commencement of the drill program, providing valuable insights for targeting and exploration planning.

Sykes also provided updates on the Catharsis Project, where a total of 11 drill holes were completed for 2,837 meters, covering six different target areas. Encouraging signs of hydrothermal alteration and structures were identified in two additional target areas, indicating potential mineralization. Baselode Energy plans to release a detailed news release once all assay results have been received and interpreted.

Furthermore, a low altitude, high-resolution airborne radiometric and magnetic survey was completed on the Catharsis Project in April, complementing the exploration efforts and providing additional geological data for analysis.

Overall, Baselode Energy remains committed to advancing its exploration projects in the Athabasca Basin and leveraging innovative techniques to identify and delineate high-potential mineralization targets. Stay tuned for further updates as the company continues to progress its exploration initiatives and unlock the full potential of its projects.

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Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to unveil an exciting new addition to the company's offerings: Digital Photography and dynamic product visuals as part of its 3D model solutions. This enhancement means that every 3D model created by Nextech3D.ai will now be accompanied by stunning 2K, 4K, or even 8K photos, catering to the needs of its ecommerce customers.

Gappelberg explained to Proactive that this innovative AI tool is poised to drive significant revenue for the company. With each product listed for sale on an ecommerce platform requiring a minimum of six 2D photos, Nextech3D.ai is well-positioned to capitalize on the growing demand for high-resolution images while simultaneously enhancing the value proposition of its 3D modeling business.

The company has already secured agreements with 10 existing customers for its digital photography offering, representing over 6000 high-quality digital photos. This offering will be available both as part of a comprehensive 3D model bundle and as a standalone product, catering to clients who already possess a 3D model and those seeking to tap into the ecommerce imagery market.

Nextech3D.ai's analysis indicates that creating and rendering 3D models is more cost-effective than traditional product photography, particularly for items that are expensive to produce or challenging to photograph in real-life settings. With 3D models, products can be easily manipulated and rendered from various angles without the need for physical prototypes or multiple photoshoots, offering unparalleled flexibility and efficiency.

As Nextech3D.ai continues to innovate and expand its suite of offerings, investors can anticipate further growth and market penetration in the burgeoning field of ecommerce visualization solutions. With its unique combination of cutting-edge technology and customer-centric approach, Nextech3D.ai is poised to revolutionize the way products are showcased and sold online. Stay tuned for more updates as the company continues to push the boundaries of ecommerce imaging technology.

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Vicinity Motors President Brent Phillips joined Steve Darling from Proactive to discuss his recent appointment and his vision for the company's future. With over 30 years of experience in the commercial transportation field, including leadership roles in distribution and manufacturing, Phillips brings a wealth of expertise to his new position.

Phillips's extensive background includes serving as General Manager at Alliance Bus Group, a prominent bus distributor, where he played a key role in driving operational excellence and sales growth. Prior to that, he served as Vice President of Sales, Commercial Bus Group at REV Group, overseeing multiple brands and distribution channels across two manufacturing facilities.

In his new role as President of Vicinity Motors, Phillips will spearhead the sales, assembly, procurement, and engineering teams, while also providing clear direction for the company's sales and operations programs. His strategic focus will include bringing production of the Vicinity Lightning electric bus to Ferndale, WA, as well as enhancing the company's existing VMC 1200 Dealer network across Canada.

One of Phillips's key initiatives will be to ensure that fleets have access to Canada's only purpose-built, fully-electric work truck through the VMC 1200 Dealer network. Additionally, he will focus on providing Dealers with the necessary support for vehicle sales and service, as well as launching a strategic network of VMC 1200 Dealers across the U.S.

With Phillips at the helm, Vicinity Motors is poised for growth and expansion as it continues to innovate and lead in the electric vehicle market. His leadership and strategic vision will drive the company forward as it strives to deliver cutting-edge transportation solutions to customers across North America. Stay tuned for further updates as Vicinity Motors continues to make strides under Phillips's leadership.

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Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) president and CEO Segun Lawson tells Proactive's Stephen Gunnion the company is on track to meet its target of 95-100,000 ounces of gold from the Segilola mine in Nigeria following a productive first quarter.

The company completed plant upgrades and mining activities from the previous year, leading to gold production of over 19,500 ounces in this quarter. These upgrades contributed to increased monthly gold production, reaching 1,200 ounces in March alone. Additionally, Thor Explorations made significant debt repayments, reducing its senior debt facility to only $15 million. The company also built a stockpile of over 6,000 ounces of high-grade gold.

Drilling is continuing across all of its projects including near targets and underground at Segilola and exploration holes at the Douta and Douta West licences in Senegal. An updated Mineral Resource Estimate and PFS at the Douta project is now expected in the second half of 2024.

While the company has slowed down exploration on their lithium licences, it is preparing for a substantial 4,000-metre drilling programme focused on identified lithium anomalies.

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Challenger Energy Group PLC CEO Eytan Uliel joins Proactive's Stephen Gunnion with details of a £1.5 million strategic investment from Charleston Energy Partners, a New York-based fund connected to a family office since 2005 and involved in energy investments since 2016.

Uliel highlighted Charleston's understanding of Challenger Energy’s operations and strategy. The funds are intended to support immediate working capital needs and enable progress on a new block in Uruguay, even before a major deal with Chevron is finalized. This Chevron partnership, pending approval by Uruguayan regulators, promises a £12.5 million influx that will sustain Challenger Energy’s operations for an extended period.

Uliel said Charleston Energy’s contribution extends beyond financial investment; it brings industry-specific knowledge and a commitment as long-term investors. Additionally, Robert Bose, Managing Member of Charleston and CEO of Sintana—another energy company with significant holdings in Namibia—will join Challenger Energy’s board, adding valuable expertise.

The financial move is structured as a convertible loan which will convert into an approximately 8.5% shareholding for Charleston following a share consolidation.

Upcoming milestones for investors include the completion of the Charleston transaction and the commencement of work with Chevron, both expected to significantly advance Challenger Energy’s asset development.

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BioHarvest Sciences CEO Ilan Sobel joined Steve Darling from Proactive to to unveil two significant agreements that mark a transformative milestone for the company: an equipment purchase agreement for 12 state-of-the-art GMP clean rooms and a long-term lease agreement for a new 80,000 square foot facility in Yavne, Israel.

Sobel elaborated on the exciting developments, highlighting that the new facility represents a major expansion for BioHarvest Sciences. Equipped with industry-leading clean rooms, as well as fully built-out laboratory space and offices, the facility is poised to support the company's ambitious growth plans. Notably, it also provides the necessary infrastructure to accommodate the anticipated expansion of the Contract Development and Manufacturing Organization (CDMO) Business Unit.

The strategic significance of this transaction lies in its immediate access to cutting-edge clean rooms and laboratories, essential for meeting the evolving needs of both the Products Business Unit and CDMO customers. Furthermore, the facility boasts ample additional space, enabling the construction of a new 50-ton manufacturing facility slated for operation in the second half of 2025.

This facility will incorporate upgraded equipment and technologies, representing the second generation of the Botanical Synthesis manufacturing process. These enhancements are designed to optimize production yields and efficiencies, further solidifying BioHarvest Sciences' position as a leader in botanical synthesis technology.

Sobel emphasized that the relocation of Research & Development and corporate administrative offices to the new BioHarvest Campus is imminent, expected to be completed within the next 6-9 months. This consolidation of operations underscores BioHarvest Sciences' commitment to streamlining its operations and fostering collaboration across its various business units.

As BioHarvest Sciences embarks on this exciting new chapter of growth and expansion, Sobel expressed confidence in the company's ability to capitalize on the vast opportunities that lie ahead. With its state-of-the-art facilities and cutting-edge technologies, BioHarvest Sciences is poised to drive innovation and deliver value to its customers and stakeholders alike. Stay tuned for further updates as the company continues to forge ahead on its journey of growth and success.

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FPX Nickel CEO Martin Turenne joined Steve Darling from Proactive to announce an expansion of the company's Global Generative Alliance program with the Japan Organization for Metals and Energy Security (JOGMEC). Building on the progress achieved in Year One and the positive momentum generated thus far, FPX and JOGMEC have agreed to an expanded budget for Year Two of the program.

Turenne elaborated on the developments, emphasizing that the program will continue to focus on the global identification and acquisition of high-quality awaruite nickel properties akin to the company's flagship Baptiste Nickel Project in central British Columbia.

Under the expanded Year Two budget, the alliance's financial resources will increase from the initially planned $650,000 to $1,500,000. This significant boost in funding reflects the continued commitment of both FPX and JOGMEC to advancing the exploration and acquisition efforts in pursuit of strategic mineral assets.

The ongoing evaluations, spanning five international jurisdictions and three Canadian provinces, remain on track to define Designated Projects that will be joint ventured by FPX and JOGMEC starting in Year Two. Notably, the alliance has already staked approximately 120 km2 of prospective ground in British Columbia, underscoring the company's proactive approach to securing promising mineral tenure.

Looking ahead, FPX Nickel is strategically positioning itself for additional mineral tenure acquisitions within British Columbia, as well as in other regions across Canada and internationally. These efforts align with the company's overarching objective of identifying and advancing high-potential projects that complement its existing portfolio.

As the Generative Alliance program continues to progress, FPX Nickel remains committed to leveraging its partnership with JOGMEC to drive exploration success and unlock value for shareholders. With a strategic focus on securing promising mineral assets and advancing exploration initiatives, FPX Nickel is well-positioned for continued growth and success in the dynamic nickel market. Stay tuned for further updates as the company executes its strategic initiatives and pursues its vision of becoming a leading player in the nickel industry.

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i3 Energy PLC chief executive Majid Shafiq tells Proactive's Stephen Gunnioin the sale of a portion of the company's royalty assets significantly enhances the company's financial metrics.

These assets, described as non-core, consisted of 388 barrels per day of oil equivalent, generating a forecasted $3.6 million in cash flow annually. Despite their low production and cash flow impact, they fetched $25 million.

Shafiq highlighted that this sale accelerates value realization, effectively trading less than 2% of last year's production for about 14% of the company's market cap. The transaction has zeroed i3 Energy's net debt and created a working capital surplus, enabling access to a fully undrawn $75 million Canadian debt facility.

The proceeds are earmarked for business growth in Canada, potentially through drilling high-return oil and gas wells or pursuing mergers and acquisitions. This aligns with i3 Energy's strategy of maximizing shareholder value through tactical asset management and sensible acquisition and divestment.

The company retained its royalty position in the strategically valuable Montney position at Simonette, anticipating substantial future gains from its high-potential oil wells.

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