Clean Air Metals Inc (TSX-V:AIR, OTCQB:CLRMF) CEO Jim Gallagher shared insights in an interview with Proactive's Angela Harmantas at PDAC 2024, highlighting challenges and strategies amidst current market conditions.

Gallagher said the mining industry, particularly the junior market, faces financing difficulties with metal prices not reacting to critical mineral discussions. However, he noted positive interactions with politicians, suggesting an emerging recognition of the mining sector's need for incentives.

Despite market lows, Gallagher sees an opportunity, particularly in Northwestern Ontario, for acquiring assets in platinum and palladium deposits. This region is deemed superior for exploration compared to South African deposits, which are well-known but costly due to their depth.

Clean Air Metals' flagship project, Thunder Bay North, in Ontario, is a platinum-palladium venture. Over recent years, extensive drilling has expanded the resource base to 14 million tonnes, with an approximate 2.5 million combined ounces of platinum and palladium. The company plans a modest exploration program focused on the Escape deposit's down-plunge areas, previously unexplored beyond 500 metres depth. This exploration, supported by strong geophysical data, will commence post-winter.

Gallagher emphasized the importance of having a skilled technical team for project advancement, highlighting Clean Air Metals' conservative cash management. With $6 million in reserves, the company aims to navigate through the market's low phase, gradually enhancing project value in anticipation of favorable metal prices.

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GTI Energy Managing Director Bruce Lane joined Steve Darling from Proactive to provide an update on the company's progress in planning for the 2024 field season in Wyoming. Lane expressed satisfaction with the advancement of permitting efforts, ensuring that drilling activities are on track to commence during the third quarter of the year.

In his discussion with Proactive, Lane disclosed that while 42 drill holes remain permitted and undrilled at the Lo Herma site, a comprehensive review of the drilling conducted in December 2023 has informed the company's decision to refine and expand the planned 2024 drilling program. As a result, GTI Energy has identified 71 drill hole locations and intends to construct up to 5 groundwater monitoring wells. This strategic approach aims to expand the resource areas and, wherever possible, upgrade the current mineral resource classification.

Furthermore, Lane emphasized the importance of collecting crucial data during this phase of exploration, including hydrogeologic parameters of the mineralized aquifers and rock core samples for metallurgical testing. These efforts underscore GTI Energy's commitment to advancing its understanding of the Lo Herma project's potential and laying the groundwork for future development.

Anticipating the mobilization of drilling rigs to Lo Herma as soon as full permitting and environmental clearances are finalized, GTI Energy expects drilling activities to commence in July 2024. Following the completion of the 2024 drill program, the company plans to publish an updated mineral resource estimate and exploration target range for the project. This updated estimate will serve as a foundation for the near-term development of a Scoping Study, demonstrating the economic potential of the Lo Herma project.

With these strategic initiatives in place, GTI Energy remains steadfast in its commitment to advancing exploration efforts, enhancing resource delineation, and unlocking the economic value of the Lo Herma project. As the company continues to execute its exploration and development strategy, stakeholders can anticipate further updates on progress and milestones achieved in the coming months.

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Globex Mining Enterprises Inc (TSX:GMX, OTCQX:GLBXF) CEO Jack Stoch tells Proactive's Angela Harmantas that the company utilizes a distinctive business model in the junior mining sector.

Boasting a portfolio of nearly 250 assets, Globex adopts a versatile approach by engaging in deals across various minerals and metals, focusing on generating money rather than specific commodities. Stoch outlined the strategy of acquiring potential assets at low costs, enhancing their value, and then partnering with other firms that assume the high-risk development phase.

This model has led to substantial returns, including a highlighted transaction where a $2 million investment was converted into $15 million in cash and a deal.

Globex's asset portfolio is diversified, ranging from gold and base metals to industrial minerals and specialty metals, including a notable dolomite deposit acquired for minimal staking costs. The company prioritizes long-term vision, seeking opportunities overlooked by others due to market trends or commodity focus. Financially, Globex stands strong with no debt, ownership of all assets, over $20 million in cash and shares, ongoing revenue from joint ventures, and guaranteed revenue from asset sales.

Recently, Globex has expanded its project range into the US, acquiring assets in Nevada, Arizona, and Washington State, with a willingness to venture beyond conventional mining trends. This expansion strategy reflects the company's capacity to invest in promising projects regardless of the current market's cautious capital expenditure. Stoch also remarked on the challenging sentiment within the mining sector, highlighting a cautious optimism spurred by recent increases in gold prices.

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ARway.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce the launch of the company's new pricing structure and brand new website, www.arway.ai. ARway is revolutionizing the interaction between developers and businesses with spatial computing and augmented reality technology, offering enhanced solutions at competitive rates. With significant growth on the horizon, ARway anticipates expanding its Developer subscriptions and partnerships.

As of now, ARway.ai proudly boasts 51 SaaS subscription accounts, indicating the platform's increasing popularity among developers and businesses. The Starter Plan has garnered over 3,700 users, demonstrating substantial interest and potential for conversion to the Developer Plan.

Gappelberg explained to Proactive that the company has introduced a new developer pricing model aimed at providing developers with greater flexibility while generating increased revenue for ARway.ai. These adjustments come in response to the growing global demand for the Developer Plan in 2024. The Monthly plan will be available starting at $199 a month, offering developers access to advanced AR solutions at affordable rates.

In addition to the revamped pricing structure, ARway.ai has launched a completely redesigned website to support this initiative. The new site boasts an intuitive, user-friendly interface, showcasing the company's cutting-edge AR solutions and providing easy access to a wide range of products and services.

With these strategic updates in place, ARway.ai is poised to meet the evolving needs of developers and businesses worldwide, offering innovative solutions that drive growth and success in the realm of augmented reality and spatial computing.

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Metasphere Labs CEO Natasha Ingram joined Steve Darling from Proactive to announce a significant milestone in the company's journey: the successful completion of its corporate name change from Looking Glass Labs to Metasphere Labs Inc. Notably, the company's new stock ticker symbol "LABZ" is now active on the Cboe Canada, marking a pivotal moment in Metasphere's evolution and its renewed commitment to developing Web3 applications with a positive impact on our planet.

Ingram emphasized that the transition to Metasphere signifies the company's broader vision and unwavering dedication to harnessing the latest advancements in blockchain technology to cultivate sustainable and impactful solutions across various sectors. By focusing on Web3 applications, Metasphere aims to not only explore the digital frontier but also uphold a steadfast commitment to creating solutions that make a meaningful, positive difference for our planet.

The name change from Looking Glass Labs to Metasphere encapsulates more than just a superficial rebranding; it symbolizes a new chapter for the company and reaffirms its promise to its community and the world at large. With this transformation, Metasphere is poised to embark on a journey of innovation and collaboration, leveraging the power of blockchain technology to drive positive change and shape a brighter future for generations to come.

As Metasphere continues to advance its mission, stakeholders can expect to witness the emergence of groundbreaking solutions that not only push the boundaries of technology but also prioritize sustainability and social impact. With its sights set on pioneering the next generation of Web3 applications, Metasphere stands ready to lead the charge towards a more sustainable and equitable world.

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Galliford Try Holdings PLC (LSE:GFRD) Finance Director Andrew Duxbury shares insights into the company's half-year results in an interview with Proactive's Stephen Gunnion.

Galliford Try, a leading UK construction company, is known for delivering profitable, predictable results, focusing on non-cyclical sectors across the UK like schools, hospitals, prisons, roads, and water treatment works.

Duxbury noted that the company reported a strong performance for the half-year ending December 2023, with notable increases in revenue, divisional operating margin, profit before tax, and interim dividends. This growth was attributed to excellent operational execution, people, supply chains, and strong risk management practices.

Revenue was up 21% from the previous year, with a 2.5% divisional operating margin, up from 2.3%, and a 33% increase in profit before tax, alongside a 50% rise in earnings per share, resulting in a 33% hike in the interim dividend to four pence per share.

Duxbury expressed confidence in the company's future performance, citing eased macroeconomic challenges and a strong order book that provides visibility beyond the election cycle. Growth has been consistent across its building and infrastructure divisions, with significant contract wins including a £3.2 billion affordable housing framework and the acquisition of engineering specialist AVRS, enhancing its water business capabilities.

Investors can expect an update on the company's strategy at a capital markets event in May, outlining plans for growth beyond 2026 through to 2030, based on a strong balance sheet and disciplined risk management. Duxbury highlighted the company's momentum, non-cyclical market sectors, robust order book, and committed team as key investment highlights, underscoring Galliford Try's sustainable growth strategy.

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Oncimmune Holdings PLC (AIM:ONC) CEO Martin Gouldstone joins Proactive's Stephen Gunnion with highlights of the company's 2023 performance, which included its strategic decision to focus on its ImmunoINSIGHTS platform.

A significant development was the sale of its early lung cancer detection business to US biotech company Freenome, generating substantial funds. This capital was utilised partly to reduce existing company debt and, importantly, established a five-year master service agreement (MSA) with Freenome, guaranteeing Oncimmune a minimum of £1.3 million in service revenues on a use-it-or-lose-it basis, with a two-year break clause. This deal not only provided immediate financial benefit but also assured a steady revenue stream for at least two years.

Gouldstone emphasized the company's focus on its ImmunoINSIGHTS service platform, highlighting its commercial and scientific potential. Since his tenure began in August last year, Gouldstone said he has been dedicated to maximizing the platform's commercial impact and scientific capabilities.

The strategic redirection towards new commercial areas and customer segments was marked by the announcement of a new strategy in October, followed by securing seven contracts in novel commercial domains, including repeat business with large pharmaceutical companies and new engagements in biotech. These contracts span discovery and adverse event prediction in immuno-oncology, reflecting the strategic diversification efforts.

With the commercial team nearing completion, Oncimmune anticipates a tangible impact on revenues towards the end of 2024, with an aim to further expand the sales team in the US by FY25.

Looking ahead to 2024, Oncimmune has projected a revenue target of £3 million, marking at least a 150% increase from the previous year and setting a record high for the company's operations in Germany. This ambitious forecast underscores the company's strategic refocus, relaunch, and consolidation efforts aimed at sustaining growth and delivering improved financial performance in the coming years.

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Empire Metals Ltd managing director Shaun Bunn discussed the preliminary results from mineralogical and metallurgical testing at the Pitfield project in an interview with Proactive's Stephen Gunnioin.

Bunn said the findings highlight the project's potential, particularly its unique position in the titanium market. A significant discovery is the high concentration of titanite, a calcium titanium silicate, which constitutes about two-thirds of the titanium dioxide in the deposit. This is unusual as titanite typically makes up only a small fraction of a deposit's composition.

Bunn said the presence of titanite simplifies the mining and processing phases due to its non-refractory nature, allowing for low-cost and efficient extraction and processing methods, including a simple leaching process to produce titanium dioxide.

Moreover, current market dynamics could significantly enhance the economics, aiming to produce a product that could potentially fetch a much higher market price compared to conventional sources.

Bunn outlined the next steps for development, including the recruitment of industry experts and plans for a demonstration plant in 2025.

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BenevolentAI CEO Dr Joerg Moeller tells Proactive's Stephen Gunnion how the company is positioning itself as a pioneer in AI-augmented drug discovery, aiming to enhance the success rates of drug development by identifying optimal targets early in the process.

The company operates on three strategic pillars: advancing its proprietary pipeline of molecules for high medical need indications with limited treatment options, offering comprehensive drug discovery services through collaborations with notable industry partners such as AstraZeneca and Merck KGaA, and providing a Software as a Service (SaaS) platform for knowledge exploration.

This multi-faceted approach not only drives BenevolentAI's scientific endeavours but also underpins its business model, which generates revenue through pipeline progression, collaboration milestones, and the innovative SaaS offering. A key example of the platform's validation is the repurposing of baricitinib, an Eli Lilly drug, for COVID-19 treatment based on BenevolentAI's insights.

Dr Moeller's belief in AI's transformative potential in R&D is reinforced by the company's capabilities and the dedication of its team.

Near-term milestones include anticipated results from a Phase 1a study of their lead program in ulcerative colitis, with strategic goals focusing on pipeline advancement, forging more partnerships, and exploring the viability of their SaaS model for sustainable growth.

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Artemis Resources executive director George Ventouras joins Proactive's Stephen Gunnion with details of more promising rock chip assay results that enhance the potential scale and grade of its lithium discovery in Australia's West Pilbara region.

The assays peaked at 4.67% lithium oxide content, surpassing earlier findings and marking a significant milestone in the region, drawing comparisons to neighbouring projects. With a substantial tenure spanning over 150 square kilometres and only a fraction explored, Artemis Resources anticipates considerable prospectivity and further exploration opportunities.

The findings at the new Osborne East zone and Mt Marie prospect suggest potential extensions and combined strike lengths of up to 26 kilometres, highlighting the vast potential for lithium mineralisation. The mineralogy at Mt Marie reveals large spodumene crystals up to 30 centimetres in length, underscoring the quality and development prospects of the discovery.

Ventouras said Artemis Resources plans to continue its exploration with strategic ground reconnaissance, including drone surveys and soil sampling, to expand the mineralised envelope and further assess the lithium potential.

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