Proactive - Interviews for investors

MTB Metals CEO Lawrence Roulston joined Steve Darling from Proactive to share news about the company advances its exploration projects in the Golden Triangle of British Columbia, covering nearly 600 square kilometres across six distinct projects. The company's primary focus is on the Telegraph project, a porphyry copper-gold prospect located near four other world-class porphyries with identical geology.

Roulston told Proactive that during recent discussions at the PDAC conference and subsequent meetings, MTB Metals has attracted considerable interest from major mining companies for potential joint ventures or strategic investments, particularly in the Telegraph project. This interest stems from the project's promising location and the substantial exploration potential it holds. In 2021, MTB Metals consolidated a large property area and has conducted three field seasons of exploration.

Towards the end of the last season, four drill holes were completed across a 3.3-kilometre trend within the Telegraph project, indicating a large-scale porphyry system. While retail investors showed limited enthusiasm for the initial drilling results, major mining companies recognized the broader potential of the system, understanding that these initial holes only begin to reveal the project's capacity. Ralston plans to further explore the already drilled area and other porphyry centers within the 350-square-kilometre property, emphasizing the project's significant exploration and development potential.

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Dr. Raza Bokhari, Executive Chairman and CEO of Medicus Pharma joined Steve Darling from Proactive to share significant updates regarding the company's interaction with the U.S Food and Drug Administration (FDA). Medicus Pharma has received comments from the FDA, pertaining to its recent study findings and regulatory submissions.

The FDA's feedback regarding the study results is considered exploratory, with specific requests directed towards providing additional data from clinical studies to support the doses of 100μg and 200μg of micro-array needles containing doxorubicin. Additionally, the FDA has requested an updated investigator brochure, incorporating insights from the clinical studies SKNJCT-001 and SKNJCT-002, focusing particularly on adverse events and dose-limiting toxicities at each dose level.

Dr. Bokhari conveyed to Proactive that the SKNJCT-001 study successfully met its primary objective of assessing safety and tolerability. The investigational product, D-MNA, demonstrated favorable safety profiles across all dose levels among the thirteen participants enrolled in the study. This encouraging outcome underscores the potential of D-MNA as a safe and well-tolerated therapeutic option.

In response to the FDA's requests, Medicus Pharma is committed to making a comprehensive submission in the second quarter of 2024. This submission will include the requested data and an updated investigator brochure, meticulously incorporating insights from the SKNJCT-001 and SKNJCT-002 studies. Furthermore, the submission will encompass Chemistry, Manufacturing, and Controls (CMC) stability data, ensuring a comprehensive and robust dossier.

Dr. Bokhari reiterated Medicus Pharma's dedication to adhering to regulatory guidelines and fostering transparent communication with regulatory authorities. By addressing the FDA's queries and providing comprehensive data, the company aims to facilitate the regulatory review process and advance the development of D-MNA towards potential regulatory approval.

In summary, Medicus Pharma remains steadfast in its commitment to advancing innovative therapies while upholding the highest standards of safety and efficacy. The company's proactive engagement with regulatory agencies reflects its dedication to bringing impactful treatments to patients in need.

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The FTSE 100 climbed in early trading, adding to strong gains seen late last week which took the index close to twelve-month highs.

In focus was B&Q owner Kingfisher, which dipped in early trading after reporting profits fell by a fifth to £475 million for the year on the back of stagnant retail spending.

Water firm Pennon also fell as the market opened, having said plans to address sewage pollution were facing delays due to heavy rainfall towards the end of last year.

Elsewhere, Wise announced the appointment of Delivery Hero’s Emmanuel Thomassin as its chief financial officer.

And finally, Chinese firm EVE Energy is reportedly in talks to invest over £1 billion to build a new electric vehicle factory near Coventry.

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Sunstone Metals Ltd (ASX:STM) managing director Malcolm Norris joins Jonathan Jackson in the Proactive studio to discuss strategic shifts within the company. Norris is transitioning to the role of executive director – exploration to concentrate on Sunstone’s exploration strategy, aiming to enhance shareholder value through focused leadership in exploration efforts centred on Ecuador.

Patrick Duffy will succeed Norris as managing director from April 15, 2024. Duffy, presently a non-executive director at Sunstone has comprehensive international experience in leadership, mine development, finance and governance. His recent achievements include significant roles at Red 5 Ltd, where he contributed to establishing the King of the Hills Gold Mine, and his prior senior executive positions at Xstrata and Glencore.

This leadership transition is designed to bolster Sunstone’s exploration success and market valuation of its assets. Sunstone aims to leverage the distinct expertise of Norris and Duffy to drive growth, further discovery and development, enhancing shareholder wealth.

#ProactiveInvestors #SunstoneMetals #ASX #Gold #Copper

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Lithium Australia CEO and managing director Simon Linge joins Jonathan Jackson in the Proactive studio to discuss recent developments with Lithium Australia's subsidiary, Envirostream, which has inked a three-year agreement with Hyundai Glovis to provide battery recycling services in Australia.

Envirostream's collaboration with Hyundai Glovis, a notable logistics entity under the Hyundai Motor Group, is set to bolster the collection volumes of large-format lithium-ion batteries. This partnership aligns with the rising demand for battery recycling services, spotlighting the expanding market opportunity in this sector.

Lithium Australia’s growth strategy is evident in its systematic approach to securing recycling agreements with premier electric vehicle (EV) and energy storage system (ESS) manufacturers, aiming to ensure a consistent supply of lithium-ion batteries for recycling. The agreement with Hyundai Glovis marks a significant step, following a previous deal with LG Energy Solution, demonstrating LIT’s commitment to enhancing its position in the battery recycling industry.

#ProactiveInvestors #LithiumAustralia #ASX #Envirostream #BatteryRecycling #BatteryMetals

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ARway.ai (CSE:ARWY, OTCQB:ARWYF) CEO Evan Gappelberg joins Proactive's Stephen Gunnion with news the AI-powered augmented reality navigation platform has entered a partnership with Albanian home improvement retailer Megatech to pilot its technology in its flagship store.

Gappelberg said the collaboration is indicative of ARway.ai's strategic global expansion, showcasing the adoption of its technology in various regions, including Albania, Korea, North America, and the EU.

The pilot in Megatech's over 300,000 square foot store aims to enhance the shopping experience by facilitating easier navigation to specific departments and items, whilst also providing advertising opportunities. Success in this pilot could lead to further implementations across Europe.

This initiative aligns with ARway.ai's strategy of broadening its footprint by forming partnerships with local businesses, highlighted by a recent deal with Turkish company EWROS to license AR navigation technology. ARway.ai is committed to continuous development and enhancement of its technology, with ambitions to become ubiquitous in malls, airports, hotels, and museums globally.

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Digbee founder and CEO Jamie Strauss and Black Rock Mining MD John de Vries discuss the significance of the second Digbee assessment for Black Rock Mining, highlighting its utility in identifying areas of strength and opportunity from the first report, and its role as a communication tool for engaging with stakeholders such as debt financiers, internal investors, and regulators.

De Vries told Proactive the assessment's independent view is increasingly valued by these groups for providing context about Black Rock's position relative to other projects.

Looking ahead, he said Black Rock aims to measure and understand the impact of its development activities, especially with a final investment decision approaching. This involves assessing the socioeconomic effects of investing significant amounts in remote African locations to ensure positive outcomes and avoid potential pitfalls like wealth traps.

Strauss elaborated on the evolving landscape of sustainability in mining, emphasizing the importance of transparency and continuous improvement for companies like Black Rock Mining. The influx of new funding sources, including government and private equity, along with heightened demands from consumers for traceability and risk mitigation, creates a dynamic environment. Successful companies will be those that meet the diverse requirements of financiers and consumers, thereby reducing capital costs and contributing to a sustainable economy.

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Proactive's Billy Farrington provides an update on Bitcoin's performance over the past week.

The crypto currency experienced a volatile week, marked by a significant drop from last week's all-time high above $73,000 to approximately $64,800, resulting in a roughly 6% decrease week on week. The decline was attributed to profit-taking and selling pressure following the all-time highs. Despite this downturn, Bitcoin saw a strong recovery mid-week, spurred by dovish comments from the Federal Reserve and optimism for potential rate cuts by year-end, which positively impacted high-risk assets like Bitcoin.

Additionally, there has been a noticeable cooldown in the Exchange-Traded Fund (ETF) market, with approximately $800 million in cash outflows from Bitcoin ETFs over the past four days. This trend reversal follows a period of strong cash inflows since the approval of 10 Bitcoin ETFs on January 10. The outflows, particularly from Grayscale's Bitcoin Trust, have contributed to bearish sentiment in the market.

In other news, the sentencing of Sam Bankman-Fried, former CEO of FTX, is imminent. Bankman-Fried was found guilty of fraud and market manipulation and faces a potential lengthy prison sentence. The defense and prosecution have engaged in a war of words over the appropriate sentencing, with the defense suggesting a 6.5-year sentence and prosecutors aiming for a much harsher penalty to set an example.

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The FTSE 100 has continued positively on from one of its best trading sessions in recent times.

The blue-chip index is edging closer to a one-year high, having closed at an 11-month peak, after the Bank of England restored confidence regarding upcoming interest rate cuts.

In equities, Phoenix Group, the pension firm, soared higher after it revealed it had swung from a full-year loss in 2022 to a pre-tax profit of £20 million in the most recent financial year.

JD Wetherspoon sunk despite both revenues and profits ticking higher in its interims.

Boss Tim Martin highlighted fears about further Covid lockdowns, but said the pub group still anticipates a reasonable outcome for the rest of the financial year.

Finally, tissue manufacturer Accrol revealed it would be joining the swarm of companies leaving the London Stock Exchange as its set to be bought for more than £127 million.

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Pantheon Resource CEO Jay Cheatham and Justin Hondris, Head of Finance and Corporate Development joined Steve Darling from Proactive to detail their financial and operational status, along with upcoming projects and collaborations. The company's General and Administrative expenses rose slightly to $4 million, reflecting its growth trajectory, and reported a loss of $5.7 million. However, they have a robust cash balance of $8.7 million.

An anticipated update from an independent expert report by Netherland, Sewell and Associates is expected to significantly upgrade the resource estimates for the Kodiak project, particularly noting improved reservoir properties due to its shallower depth. This enhancement stems from recent acquisitions in a lease sale, promising better porosity and permeability characteristics.

CEO Jay Cheatham also commented on the neighbouring activity by 88 Energy, noting close proximity and collaboration between the two companies' operations teams, especially regarding the Hickory 1 well. Pantheon is optimistic that positive outcomes from 88 Energy's projects could have favourable implications for their operations.

Furthermore, Justin Hondris, involved in finance and corporate development, highlighted ongoing discussions regarding vendor offtake financing, with an update planned for the end of the quarter. This financing is crucial for advancing Pantheon's significant assets and ambitions, although immediate cash influx from this arrangement should not be anticipated by investors at this stage. Overall, Pantheon Resources is positioned for a busy period ahead, with significant updates on financing and project evaluations forthcoming.

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