Proactive - Interviews for investors

Bannerman Energy Ltd CEO Gavin Chamberlain takes Proactive's Stephen Gunnion through progress at the company's flagship Etango uranium project in Namibia.

The Etango project, highlighted in a December 2022 definitive feasibility study (DFS), aims to exploit a significant uranium resource, initially targeting 60 million tonnes out of an identified 220 million in the 8 Mtpa Etango development (Etango-8).

Chamberlain also outlined recent developments, including the completion of Etango-XP and Etango-XT scoping study to assess the potential expansion of the Etango project. The expansion could potentially double the project's capacity to 16 Mpta in response to favourable uranium market conditions.

Furthermore, Bannerman Energy is in the funding phase, having secured essential permits and initiated key construction contracts.

The CEO anticipates that strategic financing initiatives and utility contracts will support the project's progression. He remains optimistic about the uranium market, predicting continued price increases due to a tightening supply-demand balance.

#BannermanEnergy #Etango #UraniumMining #NamibiaMining #UraniumMarket #MiningDevelopment #StrategicFinancing #EnergyResources #UraniumStock #MineralExploration #ResourceManagement #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

OzAurum Resources Ltd (ASX:OZM) has commenced drilling at the Boca Rica Lithium Project in Brazil, using its own drilling rig which has been updated to meet Australian standards.

CEO and managing director Andrew Pumphrey tells Proactive's Stephen he has been in Brazil for the past few weeks preparing the site. The company has achieved significant milestones in enhancing site access and positioning the drilling rig on a steep hill.

The drilling program is set to explore below a weathered zone, aiming to reach fresh rock at approximately 80 metres depth, targeting a spodumene crystal formation previously discovered in an underground adit. This zone is anticipated to yield more extensive geological data and potential significant lithium deposits.

OzAurum is financially prepared for this phase, with cash of A$1.4 million and benefiting from lower operational costs due to owning its drilling equipment. Pumphrey said this cost-efficiency allows flexibility in its ongoing diamond drilling programme.

The results from the first drill hole will guide future drilling efforts. Pumphrey also mentioned that sample analysis by Brazilian labs could take about a month, with results expected to influence the next steps in their exploration.

#OzAurumResources #PuertoRicoLithiumProject #LithiumMining #AndrewPumphrey #MineralExploration #Geology #DrillingProgram #ResourceSector #LithiumCrystals #MiningIndustry #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Ionic Rare Earths Ltd (ASX:IXR) managing director Tim Harrison sits down with Jonathan Jackson in the Proactive studio as the company fields strong global interest in its Belfast Magnet Recycling Demonstration Plant. Harrison discusses the upcoming production schedule and the potential partnerships on the horizon.

IonicRE is setting a robust pace with an 18-month production schedule leading into the third quarter of 2025. The plant has become a critical showcase, demonstrating Ionic's capability to offer secure, sustainable alternatives for magnet rare earth oxides (REO) at a fraction of the capital and risk typically associated with new mining and refinery projects. This approach not only emphasises cost-efficiency but also significantly reduces technical and deliverability risks.

The company is witnessing growing demand for this innovative recycling technology from supply chain participants and original equipment manufacturers (OEMs). With the demand and current production setup, Ionic is exploring options to expand capacity.

Harrison said in a recent announcement, "The demand for recycled and high-quality REO products positions us uniquely in the market, especially with our strategic location in Belfast, providing access to both European Union and United Kingdom markets."

Ionic Rare Earths is in advanced discussions for potential commercial partnerships that could leverage its technology for REO production, particularly focusing on recycling technologies like permanent magnets from wind turbines. These developments could position Ionic as a key player in reducing dependency on traditional REO supply chains, primarily dominated by China.

#ProactiveInvestors #IonicRareEarths #ASX #MagnetRecycling #MagnetRareEarthOxides

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CEO Paul Williams joins Proactive’s Jonathan Jackson to discuss the new drilling initiative of AuKing Mining Ltd (ASX:AKN) at the Koongie Park Copper-Zinc Project in northeast Western Australia. AuKing is set to launch a 1,000-metre drilling campaign at Sandiego North prospect to explore further copper mineralisation.

The Sandiego North area, previously yielding high-grade copper, will see AuKing drilling 6-8 holes to a depth of up to 150 metres. This follows significant findings from past drilling, which included 5 metres at 1.37% copper from 50 metres and 2 metres at 1.71% copper from 85 metres, located about 700 metres north of the existing Sandiego deposit. The site is noted for its substantial copper and zinc grades, along with traces of gold, silver and lead.

This drilling campaign is budgeted at $100,000 and aims to expand on the existing mineral resource estimate of 4.1 million tonnes at 1.4% copper and 4.3% zinc. The renewed interest in this site was spurred by the recent surge in copper prices, which have increased by nearly 22% over the last six months, now standing at US$4.37 per pound.

AuKing believes work at the Sandiego North prospect has the potential to enhance the overall project economics significantly.

#ProactiveInvestors #AuKingMining #ASX #Copper #KoongieParkProject

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Asara Resources Ltd (ASX:AS1) managing director Tim Strong sits down with Proactive's Jonathan Jackson to discuss the latest updates from the Kada Gold Project in Guinea. Asara has recently started metallurgical testing at Kada to evaluate its viability as a low-cost heap leach operation.

The company is not only advancing its flagship project but is also strategically streamlining its portfolio. Asara has initiated the divestment process for its non-core assets, including the Paguanta silver and zinc project in Chile and the 2-million-ounce Kouri Gold Project in Burkina Faso, with advanced discussions underway.

Strong recently highlighted Asara's focused approach: “Our ongoing metallurgical tests at Kada will guide us towards potentially rapid production. Simultaneously, we’re implementing a strategic plan for sustainable growth, which includes divesting non-core assets to sharpen our focus on Guinea.”

This strategic shift comes at a time when investor confidence in precious metals is rejuvenating, positioning Asara as a compelling and undervalued exploration opportunity. With significant gold and silver reserves across its portfolio, Asara is poised to strengthen its standing.

#ProactiveInvestors #AsaraResources #ASX #KadaGoldProject #Guinea #Gold #PreciousMetals

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Ioneer Ltd (ASX:INR) managing director Bernard Rowe is with Proactive’s Jonathan Jackson to discuss the latest developments at the Rhyolite Ridge Lithium-Boron Project in Nevada.

Ioneer has reached a crucial phase in advancing the proposed mine with the Bureau of Land Management (BLM) issuing the project's draft Environmental Impact Statement (EIS), a key step in the environmental permitting process for this greenfield site in Esmeralda County.

This draft EIS is particularly notable as it's the first issued under the Biden Administration's initiative to boost domestic lithium production. The statement is open for public comment, reflecting years of collaboration between Ioneer and various federal, state, local agencies and Tribal Nations. The project aims to significantly contribute to the US electric vehicle (EV) battery production supply chain, offering a sustainable source of lithium and boron critical for clean energy transitions.

The revised mining proposal has been tailored to safeguard the endangered Tiehm’s Buckwheat, showcasing Ioneer's commitment to responsible and sustainable mining practices.

Construction is anticipated to start following a final investment decision and production is expected by 2027.

#ProactiveInvestors #Ioneer #ASX #CriticalMinerals #Lithium #Boron #RhyoliteRidgeProject

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Imugene Ltd (ASX:IMU) managing director and CEO Leslie Chong sits down with Proactive’s Jonathan Jackson to discuss the strategic partnership the company has formed with Kincell Bio, LLC that involves the sale of Imugene's Current Good Manufacturing Practice (CGMP) compliant cell therapy manufacturing facility in North Carolina. This agreement is set to bolster both companies' positions in the immunocellular therapy market.

Kincell Bio will acquire the facility with a total investment of up to US$6 million, which includes upfront and milestone-driven payments over the next three years. This acquisition will enable Kincell Bio to expand its manufacturing capacity and continue providing high-quality development and manufacturing support.

As part of the deal, Imugene will transfer process and analytical development activities of its Azer-cel to Kincell Bio, streamlining operations and focusing on clinical supply for ongoing trials. This move is expected to bring substantial financial efficiencies for Imugene, with anticipated savings of US$32 million in staff costs, manufacturing efficiencies and overheads over three years. Additionally, the restructuring will result in a 50% reduction in staff but extend Imugene's cash runway to 2026.

Chong explains the implications of this partnership and how it benefits upcoming inflection points.

#ProactiveInvestors #Imugene #ASX #Biotech #Azer-cel

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Steppe Gold Chief Financial Officer Jeremy South joined Steve Darling from Proactive to unveil a significant development in the company's growth trajectory. Steppe Gold has initiated a transformative share exchange agreement aimed at acquiring all of the issued and outstanding common shares of Boroo Gold, a strategic move poised to establish Steppe Gold as Mongolia's premier gold producer.

In tandem with this acquisition, Steppe Gold has also finalized separate definitive share purchase agreements, paving the way for the sale of the Tres Cruces Oxide Project to Boroo Singapore for approximately 12 million Canadian dollars, to be disbursed over the course of the next 18 months.

South emphasized that this strategic maneuver not only accelerates Steppe Gold's journey towards becoming a multi-asset mining group focused on Mongolia but also fortifies its financial position with robust cash flow, buoyed by the recent upsurge in gold prices. With this transaction nearing completion, Steppe Gold anticipates closing out 2024 with a run rate of approximately 90,000 ounces in gold production, with projections soaring to over 150,000 ounces by 2026 on a pro forma basis.

Furthermore, South disclosed to Proactive that Boroo Gold anticipates a significant uptick in gold production from 2024 to 2031, with projected average annual production hovering around 60,000 ounces in 2024, 2025, and 2026. This augurs well for Steppe Gold's strategic objectives, positioning the company for sustained growth and value creation in the years to come.

As Steppe Gold charts its course towards becoming a dominant force in Mongolia's mining landscape, the company remains steadfast in its commitment to delivering value to its shareholders while driving sustainable growth through strategic acquisitions and operational excellence. Stay tuned for further updates as Steppe Gold continues to execute its ambitious expansion plans and solidify its position as a leading player in the gold mining industry.

#proactiveinvestors #steppegoldlimited #tsx #stgo #otcqx #stpgf #mining #gold #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

European Green Transition PLC (AIM:EGT) CEO Aiden Lavelle takes Proactive's Stephen Gunnion through latest developments at the company's rare earths project in Sweden.

Lavelle highlighted a community meeting held last week that aimed to engage local stakeholders. The meeting involved a geology review and explanations of the planned drilling operations at the Olserum site. Lavelle emphasized the project's alignment with the EU's strategy on critical raw materials and its importance in securing domestic supplies. The community responded positively to the project’s potential benefits, Lavelle said.

Additionally, Lavelle mentioned the successful conclusion of consultations for drill permitting, which fits well with the company’s timeline. Drilling is scheduled to start in August, following the July summer holidays in Sweden. This timeline allows the company to proceed with exploration drilling and resource infill drilling as planned.

The Swedish Geological Survey's recent involvement was also discussed. They visited the site to assess the new exploration model developed by European Green Transition. This model has been updated based on recent fieldwork, including rock sampling and magnetic surveys, revealing new mineralization areas and enhancing the geological understanding of the region. This visit aligns with their broader efforts to map the geology of Kalmar County, which is expected to continue over the next few years.

#EuropeanGreenTransition #RareEarths #SwedenMining #CommunityEngagement #CriticalRawMaterials #EU #Geology #ExplorationDrilling #SwedishGeologicalSurvey #SustainableMining #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Itaconix PLC (AIM:ITX, OTCQB:ITXXF) CEO John Shaw tells Proactive's Stephen Gunnion the company achieved a record year in 2023 with a revenue of £7.9 million, marking a compound annual growth rate of over 40% across the last five years.

Shaw highlighted significant financial achievements, including an increase in gross profit margin to 31%. This improvement is strategic as it focuses on capturing value in polymer ingredients and formulations. The company's EBITDA losses are aligning with market expectations, supported by a successful fundraising event which enhances the company's financial flexibility for future growth.

Operational growth was mainly driven by the cleaning sector in North America and Europe, with continued expansion expected, particularly through new applications in beauty and hygiene. However, ongoing negotiations with major merchandisers have led to a revision of revenue expectations for 2024, now projected between £6 million and £6.5 million. This adjustment is part of a broader strategy to diversify customer and application bases, ensuring long-term profitability and value capture.

Looking ahead, Shaw said Itaconix plans to focus on higher-margin revenue streams, both from existing and new customers. The company is also investing in new products and processes, notably in leather and sustainable paint applications, leveraging recent technology upgrades. These initiatives are part of Itaconix's long-term goal to become a significant player in the specialty ingredients market, with aspirations to reach a $100 million revenue target.

#ItaconixPLC #JohnShaw #FinancialResults2023 #RevenueGrowth #PolymerIndustry #SustainableProducts #BusinessStrategy #MarketExpansion #SpecialtyIngredients #FutureGrowth

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