Proactive - Interviews for investors

Hydrogen Utopia International PLC (LSE:HUI, OTCQB:HUIPF) CEO Aleksandra Binkowska joined Proactive's Stephen Gunnion to discuss progress at the company’s cannabis operation in Macedonia, highlighting two successful harvests and ongoing developments.

Binkowska noted the company has a 49% option in Ohrid Organics, highlighting its impressive facilities and high-tech enhancements, including an advanced drying system that significantly improves product quality. Binkowska emphasized the importance of the location’s natural benefits and technological enhancements for achieving high-quality outputs.

Currently, Hydrogen Utopia is awaiting laboratory results to officially confirm the product quality, which is necessary for obtaining the requisite governmental paperwork for product sales. She mentioned preparations for EU GMP certification audits, which will facilitate entry into the European market at higher certification levels, potentially allowing for a higher product price point.

Furthermore, Binkowska outlined the financial success of Ohrid Organics, projecting earnings that would fund Hydrogen Utopia’s first waste plastics hydrogen facility. The profits from Ohrid could potentially finance this without additional capital raising, underscoring the strategic advantage of the investment.

She also highlighted the supportive role of the Macedonian government in facilitating the company's initiatives in both the cannabis and hydrogen sectors.

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First Phosphate Corp CEO John Passalacqua and Vice President of Government Relations Armand Mackenzie joined Steve Darling from Proactive to announce the company and the local First Nations, Pekuakamiulnuatsh Takuhikan have announced the signing of a collaboration agreement with respect to its proposed phosphate mine and Lithium Iron Phosphate cathode active material plant project in the Saguenay-Lac-Saint-Jean Region of Quebec, Canada.

The agreement sets out guidelines regarding employment opportunities, business horizons, environmental protection across the Nitassinan or ancestral lands , harmonization of exploration work with the members of the First Nation who occupy the Nitassinan, and the supervision of future work.

Future access to the industrial park at Mashteuiatsh for Project development and financial participation in the Project by the First Nation are under consideration. The First Nation is also committed to collaborating with the Company in the establishment of rare igneous phosphate as a critical and strategic mineral at the Canadian federal levels of government.

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Fathom Nickel CEO Ian Fraser joined Steve Darling from Proactive to unveil the results of the Q1 drill program conducted at the company's Albert Lake Project. The program, characterized by the drilling of 6 holes totaling 1,386 meters, has yielded promising outcomes, with drillhole AL24077 intersecting 0.42% nickel over a significant intersection of 2.01 meters.

A key highlight emphasized by Fraser is the nickel mineralization's host rock: orthopyroxenite. This particular geological formation is integral to the host rock assemblage identified at the nearby Rottenstone deposit, renowned for its exceptionally high-grade nickel, copper, and platinum group elements (PGE). The proximity of the mineralization to the historic Rottenstone deposit, located approximately 1.2 kilometers to the northeast, underscores the potential significance of this discovery.

Of particular importance is the 10% nickel tenor defined in intervals comprising less than 3% sulphide in drillhole AL24077. This observation suggests the possibility of net-textured to massive sulphide mineralization occurring along strike, and potentially at depth, within the same ultramafic unit. If realized, this could pave the way for the development of a mineral deposit boasting metal grades akin to those of the historic Rottenstone deposit, marking a significant milestone in Fathom Nickel's exploration journey.

Fraser also provided an update on drilling activities at the flagship Gochager Lake Project, noting that drilling has been successfully completed. Assay results from this drilling program are eagerly anticipated and are expected to be released by the end of May, providing further insights into the project's mineral potential and setting the stage for future exploration efforts.

As Fathom Nickel continues to advance its exploration initiatives, these recent developments underscore the company's commitment to unlocking the full potential of its projects and delivering value to its stakeholders. Stay tuned for further updates as Fathom Nickel navigates the dynamic landscape of mineral exploration and continues to pursue its strategic objectives with vigor and determination.

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Iofina PLC CEO Dr Tom Becker takes Proactive's Stephen Gunnion through the company's first-quarter operating performance, which included a 15.5% year-over-year increase in production to 123.7 metric tonnes of crystalline iodine.

This growth is attributed largely to the addition of the IO#9 plant, which commenced operations in the latter half of the previous year. Iofina operates six plants that extract iodine from brine water co-produced with oil and gas, with expectations to produce between 275 and 295 metric tonnes of iodine in the first half of the year.

Becker said the company has maintained strong demand for its iodine products, holding steady prices in Huntsville through the first and entering the second quarter. He noted the company is supplying both existing and new customers, including breaking into new markets, particularly in Europe. Notably, sales of biocide derivatives used in paints and coatings have been successful.

Looking ahead, Becker said Iofina is on track with the construction of IO#10, slated for the third quarter, which will further boost production. The company is also exploring potential sites for IO#11 and other future iodine extraction plants across the United States.

Moreover, Iofina has renegotiated a brine supply contract, ensuring stable supply at market rates, which is expected to impact profits slightly this year but is seen as beneficial for long-term growth.

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The FTSE 100 climbed on Wednesday morning, as traders digested UK inflation data for March.

At 3.2%, consumer prices increased at the slowest annual pace in well over two years, though this was slightly ahead of market expectations.

Among equities, Asos soared early on after news that it was ahead of schedule in its turnaround plan overshadowed an 18% fall in interim revenue.

Entain also rose this morning, having reported revenue growth over the first quarter on strong international performances, as UK operations took a hit from tougher regulation.

Saga climbed on annual profits which showed a return to profit for its cruise and travel businesses on rebounding demand.

And finally, Just Eat fell after revealing a drop in first-quarter orders as consumers cut back on spending.

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Riversgold Ltd chairman David Lenigas discusses the potential and progress of the company's Northern Zone gold project with Proactive's Stephen Gunnion, highlighting the current favourable conditions due to rising gold prices, with expectations that the price could reach approximately A$4,000 an ounce in the near future.

Lenigas detailed the exploration target of 2.8 to 4.5 million ounces of gold, situated near Kalgoorlie, a major mining area. He likened the project to Saturn Metals’ Apollo Hills project, with similar geological features and promising metallurgy showing 92% recovery rates.

Steps towards building JORC-compliant mineral resource estimates were outlined, including continued drilling to verify the geological model, which has so far proven successful up to 450 metres in depth.

Lenigas noted a significant increase in central bank gold purchases as a key driver of the current gold price surge, which he believes will eventually lead to a revaluation of junior gold companies.

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Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to unveil a groundbreaking development: the signing of a teaming agreement with a major international defense contractor. This strategic alliance is poised to propel maritime domain awareness to new heights by leveraging OPT's innovative Merrows suite of solutions.

In his discussion with Proactive, Stratmann elucidated that the teaming agreement grants the international contractor exclusive rights to provide OPT's Maritime Domain Awareness Solution (MDAS) within specified geographic regions. This collaboration represents a fusion of OPT's cutting-edge technology with the contractor's unparalleled expertise in defense, homeland security, and commercial programs, aiming to fortify capabilities in maritime security and surveillance.

At the heart of this collaboration lies MDAS, a revolutionary solution developed by OPT that integrates state-of-the-art data collection and analysis capabilities. By harnessing autonomous marine platforms such as vehicles and buoys, coupled with advanced sensors and data analytics, MDAS delivers comprehensive maritime surveillance, tracking, and monitoring capabilities. This real-time situational awareness empowers stakeholders across various sectors, including defense, environmental monitoring, and search and rescue operations.

The partnership between OPT and the international defense contractor heralds a new era of innovation and collaboration in the realm of maritime domain awareness. By pooling their respective strengths and resources, the two entities are poised to enhance security and safety in key maritime regions, safeguarding vital interests and promoting stability in an ever-evolving global landscape.

As OPT continues to push the boundaries of technological innovation, this partnership underscores the company's commitment to advancing maritime security and sustainability. Stay tuned for further updates as OPT and its collaborators pave the way for a safer and more secure maritime domain, empowered by cutting-edge solutions and strategic partnerships.

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Lumina Gold CEO Marshall Koval joined Steve Darling from Proactive to shedding light on the significant impact of rising gold prices on the company's projects. The focal point of the conversation was Lumina's Cangrejos project in Ecuador, with a particular emphasis on the updates since the pre-feasibility study conducted in early 2023.

During the pre-feasibility study, conducted when gold was priced at $1,650 per ounce and copper at $375, projections revealed a net present value (NPV) of $2.2 billion and an internal rate of return (IRR) of 17.2%. However, with current gold prices soaring to $2,350 and copper reaching $425 per ounce, the NPV has skyrocketed to approximately $4.2 billion—an astounding 85% increase—while the IRR has surged to 27%. This remarkable upturn underscores the immense value inherent in Lumina Gold's projects, propelled by the favorable market conditions.

Despite this positive development, Koval highlighted a notable disparity between the market valuation of gold equities and physical gold prices. Lumina Gold's share price has not mirrored the substantial increase in gold prices or the growth in project reserves, which have expanded by a remarkable 400% since 2017. This discrepancy underscores the potential for significant value appreciation in Lumina Gold's stock, presenting an enticing opportunity for investors.

Koval also provided insights into ongoing developments, revealing that a feasibility study is currently underway and expected to conclude in May of 2025. Major fieldwork has been completed, and ongoing metallurgical testing is further enhancing the project's viability. Additionally, Koval highlighted the company's financial stability, bolstered by funding through the Wheaton stream, and anticipated the commencement of environmental assessments in the near future.

As Lumina Gold continues to advance its projects amidst a backdrop of favorable market conditions, the company remains poised to capitalize on the burgeoning demand for gold and copper.

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ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to unveil an exciting development: George Mason University (GMU) has partnered with ARway.ai and is set to integrate the ARway platform into its campus infrastructure. As part of a visionary project slated for 2024, GMU will deploy ten spatial maps across its sprawling campus, revolutionizing campus navigation and enhancing the overall student experience.

In his discussion with Proactive, Gappelberg highlighted the significance of this partnership, noting GMU's substantial undergraduate enrollment of approximately 27,014 students and the expansive campus spanning 817 acres. The scheduled deployment of ARway is poised to commence in early summer, affording the university ample time to rigorously test the platform's capabilities and gauge its efficacy before potentially implementing a full campus rollout in 2025.

The ambitious plans for 2024 include an expansion of the augmented reality tour, empowering students to seamlessly locate and navigate to various offices and buildings across the campus. By leveraging ARway's innovative technology, GMU aims to enhance the accessibility of campus resources and elevate the overall student experience to unprecedented levels.

Moreover, GMU has already taken proactive steps to share its pioneering experiences with ARway, having submitted several conference proposals to disseminate findings on this groundbreaking technology. Additionally, dedicated time has been allocated for further research and development efforts over the summer, underscoring GMU's commitment to harnessing cutting-edge tools to enrich the educational journey of its students.

The enthusiasm at GMU for exploring the interactive capabilities of ARway is palpable. Preliminary beta testing has instilled confidence in the platform's potential to foster engagement and promote self-efficacy, both of which are integral to the long-term success of the college experience. As GMU embarks on this transformative journey with ARway.ai, the possibilities for innovation and advancement in campus navigation and student engagement are boundless. Stay tuned for more updates as GMU pioneers the integration of augmented reality into its campus ecosystem, setting new standards for educational technology and student empowerment.

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Nevada Lithium CEO Stephen Rentschler joined Steve Darling from Proactive to provide an insightful update on the proposed Hydraulic Borehole Mining (HBHM) method earmarked for extracting high-grade mineralized material at the Bonnie Claire lithium project in Nevada. Shedding light on the latest developments, Rentschler revealed that Kinley Exploration has furnished a working model based on HBHM, demonstrating its efficacy in extracting mineralized slurry from depths ranging between 1500 feet and 2500 feet at Bonnie Claire.

The focus of this model is on the extraction of previously intersected high-grade mineralization, notably highlighted by intersections such as the one in Hole BC2303C, which revealed a remarkable concentration of 4,154 ppm lithium over a span of 680 feet. This data serves as a testament to the project's substantial lithium potential and underscores the viability of the HBHM approach in unlocking this value.

Moreover, Rentschler disclosed that Nevada Lithium is embarking on the task of updating its 2021 Preliminary Economic Assessment (PEA) to incorporate recent developments. This updated PEA will encompass drilling data from 2022 and 2023, including lower high-grade mineralization such as that observed in Hole BC2303C. Detailed modeling of the hydraulic mining method will be conducted, encompassing parameters such as production rates, capital expenditures (CAPEX), operating expenditures (OPEX), and projected water usage.

Furthermore, the company will undertake an update of its metallurgical work, showcasing its ability to produce battery-grade lithium carbonate at the scale of a bulk sample of mineralized sediment. This critical step underscores Nevada Lithium's commitment to ensuring the feasibility and scalability of its lithium extraction process, paving the way for commercial production in the future.

As Nevada Lithium forges ahead with its comprehensive update and refinement of project parameters, the company remains steadfast in its mission to unlock the full potential of the Bonnie Claire lithium project. Stay tuned for further updates as Nevada Lithium continues to advance towards its goal of becoming a leading player in the lithium market, poised to meet the burgeoning demand for this critical component of the clean energy transition.

#proactiveinvestors #nevadalithiumresourcesinc #cse #nvlh #otc #nvlhf #lithium #mining

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