Proactive - Interviews for investors

Helium One Global Ltd CEO Lorna Blaisse and director of operations Mike Williams take Proactive's Stephen Gunnion through the latest progress on the company's Rukwa project in Tanzania.

Blaisse told Proactive Helium One has initiated an environmental and social impact assessment study (ESIA), essential for converting its prospecting licence to a full mining licence, marking a significant advancement. This step follows the success of the Phase Two drilling campaign, where it achieved a 4.7% helium flow from the Itumbula West-1 well. The upcoming extended well test (EWT) is crucial for evaluating the project's value in the Rukwa Basin, facilitating the licence conversion process. The assessment, expected to take six months, is underway, running in parallel with preparations for the extended well test and a feasibility study.

Williams said the company has appointed a production facilities management company and started a design study for a helium production plant. This plant aims to refine helium and manage logistics for transporting the product. The modular design will accommodate varying production rates, ensuring value for stakeholders.

Preparations for the extended well test in the third quarter are on schedule, involving significant logistical and engineering efforts due to the importation of equipment from outside Tanzania, Williams added.

Behind the scenes, work on converting the mining licence continues, encompassing a comprehensive feasibility report integrating various company departments. Close collaboration with the Tanzanian government and stakeholders is ongoing, with recent positive meetings with the Mining Commission highlighting the government's support for the project.

With the acceleration of the project, Blaisse Helium One is expanding its team to manage the increasing workload and ensure the delivery of all project components, including the crucial feasibility study.

#HeliumOneGlobal #TanzaniaHeliumProject #MiningLicenceConversion #EnvironmentalImpactStudy #HeliumProduction #ExtendedWellTest #FeasibilityStudy #EnergyIndustry #ResourceEstimation #GovernmentCollaboration #proactiveinvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Ballymore Resources Ltd (ASX:BMR) technical director David A-Izzeddin tells Proactive's Stephen Gunnion that initial assay results from a Stage 4 drilling program at the company's Dittmer gold project in north Queensland are very encouraging.

The company has a number of projects in the area, which A-Izzeddin said is "remarkably under-explored," despite significant gold findings in the 1990s.

Dittmer stands out for its history as a high-grade gold mining area in the late 1800s to early 1900s, with the Dittmer mine noted for its extraordinary gold yield. Ballymore's recent drilling programs have uncovered evidence suggesting the potential for substantial mineral deposits near the historic mine sites, with results indicating the presence of high-grade gold within a shear zone that appears to widen with depth.

Further exploration and drilling efforts have identified promising structures and anomalies, suggesting an extensive mineralisation that remains open for exploration. The company plans to continue its exploration activities with surface drilling programs aimed at revealing the full potential of these areas, including the possibility of encountering porphyry copper systems as indicated by geochemical anomalies and historical data from nearby locations.

With a recent $5 million investment from the Taurus Mining Royalty Fund, A-Izzeddin said Ballymore Resources is well-funded to advance its ambitious exploration projects. This financial support, part of an $11 million funding effort, enables the company to explore not only the promising targets at Dittmer but also other locations like Cedar Ridge. Although the primary focus remains on discovering significant mineral deposits, there's also the potential for initiating small-scale mining operations in the near term, leveraging the high-grade findings and proximity to existing infrastructure.

#BallymoreResourcesLtd #CopperGoldExploration #NorthQueenslandMining #GitmoMines #RavenswoodGold #MineralExploration #HighGradeGold #MiningInvestment #ExplorationDrilling #PorphyryCopper #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Altona Rare Earths PLC (LSE:REE) chief executive Cédric Simonet discusses the company's binding option agreements on the Sesana copper-silver project in Botswana with Proactive's Stephen Gunnion.

The project is situated within the Kalahari Copper Belt, close to the recently opened Khoemacau copper-silver mine. The licence spans approximately 274 square kilometres and is in a promising location given its proximity to other significant discoveries in a relatively underexplored belt.

Simonet noted that the Kalahari Copper Belt shares similarities with the Central African Copperbelt but has been less explored due to its coverage by the Kalahari sands. Recent advancements in geophysical and geochemical investigation methods now allow for effective exploration in this region.

Airborne geophysical surveys conducted around the Sesana project have identified promising geological formations indicative of potential mineral deposits. These findings have positioned the project as a key component of Altona's diversification strategy, aimed at stabilising the portfolio amidst fluctuating rare earths markets. The diversification includes a focus on copper due to its market stability and the maturity of the copper industry, which offers better valuation and investor understanding compared to rare earths.

The option agreement for the Sesana project is structured in three phases, starting with a one-year exploration phase leading to potential drilling activities aimed at resource definition.

This strategic move is part of Altona's broader efforts to manage market risks associated with rare earths by incorporating copper into its portfolio, alongside continuing its commitment to the Monte Muambe rare earths project in Mozambique.

#AltonaRareEarths #CopperMining #SilverMining #Botswana #KalahariCopperBelt #MiningExploration #GeophysicalSurvey #CedricSimonet #MiningIndustry #ResourceDiversification #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) Senior Vice President of Sustainability Teresa Odom discusses the company's sustainability efforts and achievements with Proactive's Stephen Gunnion.

Key highlights from the company's fifth annual sustainability report include a 33% year-over-year reduction in methane intensity and the retirement of nearly three times as many wells in 2023 as two years prior, including both company and third-party wells. The company has also contributed over $2 million to community programs and improved its sustainability performance, notably in reducing motor vehicle accidents.

Over the past five years, Odom said Diversified Energy has focused on quantitative and qualitative improvements in reporting, achieving its interim methane intensity reduction targets ahead of schedule, aiming for a 50% reduction by 2030 based on 2020 levels.

The company's social responsibility efforts include over $2 million in grants, 32 university scholarships, and 18 summer internships. With a workforce of 1,600, Odom noted that Diversified Energy promotes diversity through unconscious bias training for managers and recruitment initiatives.

Looking ahead to 2024, the company plans to focus on methane intensity reduction and compliance with new US regulations, while continuing community engagement and sustainable business growth.

#DiversifiedEnergy #Sustainability #MethaneReduction #CommunityEngagement #EnvironmentalProgress #AnnualReport #CorporateResponsibility #EmployeeDiversity #SustainableDevelopment #GreenInitiatives #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Futura Medical PLC (AIM:FUM, OTC:FAMDF) CEO James Barder tells Proactive's Stephen Gunnion about a strategic shift and refresh for the company in 2023, marked by the successful launch of Eroxon in the UK and Belgium, generating £3.1 million in revenues, FDA marketing authorisation in the US, and an exclusive marketing rights deal with Haleon for Eroxon in America.

These achievements have broadened Futura's global distribution network to approximately 80%, excluding China. The company aims to establish a new sexual health category within the OTC market, leveraging Futura's R&D expertise.

The specific launch date in the US with Haleon remains undisclosed due to competitive sensitivities, targeted within a year from the end of February. Pre-launch processes involve ensuring manufacturing capacity, engaging key opinion leaders, product positioning considering cultural sensitivities, and aligning with retailer schedules.

Objectives for this year include expanding into at least 14 new countries in the first half, exploring opportunities in Asia, particularly China, and extending Eroxon's product range while focusing on cost management.

Barder, reflecting on Futura's transition from a loss-making R&D firm to a pathway towards profitability, expresses optimism for continued progress in 2024.

#FuturaMedical #Eroxon #SexualHealth #ErectileDysfunction #FDAApproval #HealthcareInnovation #GlobalExpansion #RnD #Pharmaceuticals #MarketLaunch #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Bango PLC (AIM:BGO, OTCQX:BGOPF) CEO Paul Larbey takes Proactive's Stephen Gunnion through the company's 2023 performance, highlighting revenue growth of 62% to $46.1 million and a 29% increase in adjusted EBITDA to $6.4 million, slightly above the range provided in a January trading update, partly due to FX reclassification.

A notable achievement was the 77% growth in recurring revenue for the Digital Vending Machine (DVM). This improvement has provided a solid foundation for future expansion, Larbey said.

The full integration of the company's Docomo Digital acquisition promises significant future cash generation and profitability. The acquisition has also realised £21 million in annualised cost synergies, with additional savings identified.

DVM, identified as a growth engine, has seen an expansion, with nine new contracts signed, increasing the total to 18 by year-end, and an additional four in the first quarter of 2024. This growth has propelled the ARR from £5 million at the end of 2022 to £11 million by the end of Q1 2024.

Larbey said Bango's market position has been strengthened in North America, with the company now holding contracts with three of the top five operators, and it is exploring opportunities beyond telecommunications, venturing into financial services.

The company maintains a positive outlook for 2024, with analyst forecasts suggesting a 16% revenue growth, a target already surpassed in Q1 with a 20% growth.

#proactiveinvestors #BangoPLC #PaulLarbey #FinancialResults2023 #DigitalVendingMachine #RevenueGrowth #EBITDAIncrease #DocomoAcquisition #CostSynergies #SubscriptionServices #TechInnovation #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

SSV Capital PLC, founded in 2020, presented its corporate ethos and strategic roadmap at the Proactive One2One Investor Forum. CEO Ankur Ghosh and Head of Corporate Development Nidhi Pandit detailed the company's focus on banking, fintech, commercial real estate, and listed funds in Luxembourg.

The firm is committed to disruptive innovations in payment solutions, highlighting SSV SmartPay's QR-based open banking solution as a significant development aimed at reducing merchant transaction fees.

With a fund in Luxembourg, aiming for a target return of 10-15% annually, SSV Capital is expanding its vision to Singapore and India. Its diversification strategy is centred on fintech and real estate investments, aiming to address the need for decarbonising commercial properties through prop tech initiatives.

The presentation also covered the company's strategic direction towards sustainability, efficiency in operation, and the significance of regulatory compliance, especially in fintech operations. With access to over £5 million in capital and a focus on operational efficiency, SSV Capital is positioned for growth in fintech innovations and sustainable investments.

The discussion further delved into investor relations, market strategy, and the importance of a robust management team for the company's future endeavours. SSV Capital, listed on JP Jenkins and eyeing a future main market listing, anticipates a transition to the main market within the next two to three years.

#ProactiveInvestors #SSVCapital #Fintech #CommercialRealEstate #SustainableInvesting #PropTech #OpenBanking #LuxembourgFunds #SmartPay #InvestmentStrategy #BankingTechnology #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Tom Bailey, Head of ETF Research at HANetf, discussed the Sprott Junior Uranium Miners UCITS ETF during the Proactive One2One Investor Forum. HANetf, a white label ETF issuer, partners with third parties like Sprott Asset Management to create, manage, and distribute ETFs in Europe.

Bailey emphasised the growing global electricity demand, particularly in Asia, and the correlation between rising GDP per capita and increased energy use. He highlighted the importance of nuclear power in meeting this demand, considering energy security and climate change challenges.

Nuclear power's reliability, low operational fuel costs, and minimal carbon emissions make it an appealing source of clean, secure energy. With 22 countries aiming to triple nuclear capacity by 2050, the demand for uranium is expected to rise, creating a supply deficit.

Bailey noted the current and future construction of nuclear reactors worldwide, especially in China, which is likely to surpass the U.S. in nuclear capacity by 2030. He argued that this deficit in the uranium market signals a new uranium bull market, with prices having risen significantly in the recent past.

The presentation concluded with an overview of HANetf's uranium-focused ETFs, particularly the junior version targeting small-cap miners, offering investors exposure to the potential uranium supercycle.

#ProactiveInvestors #UraniumInvesting #ETFs #NuclearEnergy #ElectricityDemand #EnergySecurity #ClimateChange #UraniumMarket #SprottJuniorUranium #HANetf #RenewableEnergy

#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Power Metal Resources PLC (AIM:POW) (OTCQB:POWMD), under the leadership of CEO Sean Wade, participated in the Proactive One2One Investor Forum. Wade detailed the company's unique business model, positioning Power Metal Resources not just as a metals exploration company but as a project incubator or generator.

This model, which is more familiar in markets like Canada, North America, and Australia, focuses on acquiring early-stage opportunities, undertaking cost-effective exploration work to add value, and then crystallizing that value through various means such as IPO spin-outs or sales. The company, which counts Rick Rule among its largest shareholders, aims to exit projects in the early stages, leaving further development to others.

Power Metal Resources has a diverse portfolio, including successful projects like Golden Metal Resources and First Class Metals, as well as ventures in uranium exploration in Canada's Athabasca basin and new initiatives in Saudi Arabia and Oman. The company's strategy includes operating in safe, mining-friendly jurisdictions with high potential, such as North America, Botswana, Tanzania, Australia, Saudi Arabia, and Oman.

The CEO also highlighted recent corporate activities, including strategic shareholder additions, the potential US OTC listing, and various IPOs and sales of stakes in projects. A notable focus was on the uranium exploration assets in the Athabasca basin, where the company is exploring options for crystallizing value, including a potential small spin-out IPO or other deals.

Furthermore, Wade introduced new ventures like Power Arabia, focusing on underexplored territories in Saudi Arabia and Oman with high prospectivity for various metals, and GSA Environmental, targeting the extraction of critical metals from industrial waste. This diversification and strategic approach aim to minimise dilution for shareholders and create multiple revenue streams.

#ProactiveInvestors #PowerMetalResources #MetalsExploration #MiningInvestment #ProjectIncubator #UraniumExploration #SaudiArabiaMining #AustraliaMining #CanadaMining #MiningTechnology #EnvironmentalMining #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

The FTSE 100 made a bright start ahead of keenly anticipated US inflation numbers later in the day.

Early trades saw the blue-chip index rise by a healthy 51 points to 7,986 with consumer-facing stocks leading the way on signs inflation might be slowing.

That was the message from supermarket giant Tesco, which attributed sales volume growth across the UK and Ireland to an easing of price pressure in its preliminary results. Group sales (excluding VAT and fuel) increased 7.4% to £61.5 billion while operating profit soared 18.8% to £2.8 billion with an 11% dividend hike.

Troubled insurer Direct Line Group has appointed Jane Poole as the insurance firm’s new chief financial officer, replacing Neil Manser, who has been in the role for three years.

Another struggler, online beauty shop THG also suggested things might be improving as revenues picked up in the final quarter and annual losses halved.

Finally, e-Therapeutics has joined the ranks of Aim de-listers. The biotech has just raised £29 million but said there is a bigger pool of capital available as a private company.

#proactiveinvestors #marketreport #ftse #ftse100 #footsie #directline #tesco #thg #e-therapeutics #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews