Learning Technologies Group (LTG) chief executive Jonathan Satchell discusses the company's resilient performance in the challenging macroeconomic conditions of 2023 in an interview with Proactive's Stephen Gunnion.

In a trading update, the company said it expects to deliver group revenues for continuing operations of not less than £560 million, in line with consensus expectations. Adjusted EBIT for continuing operations are expected to be not less than £98 million.

Satchell emphasized LTG's strong cash generation in the latter half of 2023, with a net debt significantly better than expected, aided partly by favourable FX rates. This robust financial performance has been attributed to improved margins, especially in the GP Strategies sector after overcoming initial integration challenges.

Looking forward, Satchell expressed optimism about LTG's financial health and leverage position, enhanced by the recent sale of non-core business Lorien Engineering Solutions. This positions the company to consider various strategic options, including further debt repayment, share buybacks, or acquisitions. He noted that market valuations are becoming more attractive for potential acquisitions.

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Greg Lambrecht, CEO of 1606 Corp, recently shared a significant achievement with Steve Darling from Proactive, related to the company's newly formed partnership with Cannasite, a reseller of CBDW's AI-driven merchandising chatbot.

Within just three days of signing the partnership with CannaSite, CBDW has successfully closed deals with multiple new chatbot customers. This rapid growth in revenue underscores the effectiveness and readiness of CBDW's marketing strategies.

The early success achieved with CannaSite, even before the launch of CBDW's targeted marketing efforts to their extensive client base of over 300 CBD merchants, demonstrates the strong demand and potential of ChatCBDW. This swift start, resulting in immediate revenue generation, bodes well for the program's future and sets a high bar for the upcoming official marketing campaign.

The partnership between 1606 Corp and Cannasite is off to a promising start, and the company is well-positioned to continue capitalizing on the growing demand for its AI-driven chatbot solutions in the CBD industry.

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OptionsDesk broker Sebastian Blanco joins Proactive's Stephen Gunnion with a preview of the European Central Bank's rates decision on Thursday afternoon following ECB president Christine Lagarde's statement at the recent World Economic Forum about delaying rate decisions.

Blanco also commented on the negative market reaction to Tesla's weaker-thank-expected fourth-quarter results and explained how a 'straddle' trade would have played out.

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Pensana PLC chairman Paul Atherley joined Proactive's Stephen Gunnion with more details about the company, which is advancing one of the world's largest undeveloped rare earth mines – the Longonjo neodymium-praseodymium (NdPr) mining project in western Angola.

At full production, Longonjo is expected to produce roughly 5% of the world production of NdPr in the form of an exported mixed rare earth carbonate.

The development is critical for producing magnet metals used in electric vehicle motors and offshore wind turbines, diversifying the supply chain currently dominated by China.

The upfront capital cost of US$200 million for the fully permitted mine and processing facilities is amongst the lowest amongst its peers making Pensana highly competitive.

Following the release of a technical due diligence report on the Longonjo project for its financiers Atherley said Pensana is in the final stage where it can proceed with the building of the project.

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First Phosphate Corp CEO John Passalacqua and Chief Geologist Gilles Laverdiere joined Steve Darling from Proactive to share significant news about the company's high-grade phosphate discoveries at the Bégin-Lamarche project in Quebec.

The company confirmed a new high-grade discovery located just 500 meters from the existing northern zone of the project. The discovery was initially made in the fall of 2022 during a prospection campaign and was later confirmed with 26 grab samples returning high-grade P2O5 (phosphate).

Laverdiere explained that the newly discovered high-grade phosphate area has been named the Mountain Zone and measures approximately 350 meters in length by 175 meters in width. Field observations suggest that the rock type in this area is nelsonitic peridotite, which is the most favorable rock type for finding phosphate on the property. Of the 26 grab samples taken in this area, most returned grades ranging from 7.17% to 17.83% phosphate.

Additionally, a second new zone called the Northwestern Zone was discovered west of the existing Northern Zone, with 4 of 8 samples returning grades of over 10% P2O5.

The discovery of these high-grade phosphate zones is a significant development for First Phosphate Corp and its Bégin-Lamarche project, potentially contributing to the project's overall resource base and economic potential.

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Pyx Resources Ltd chairman and CEO Oliver Hasler joined Proactive's Stephen Gunnion with details of the company's record performance for 2023.

Despite global financial challenges, Pyx Resources, a leader in zircon production, saw a significant growth in production and sales. Zircon production increased by 31% in 2023 compared to 2022, with overall sales up by 24%. The company focused on zircon, the most valuable mineral in its portfolio, reducing production of other minerals. This strategic shift led to a total sales increase of 20%.

Despite a soft general market, zircon prices remained strong. Prices increased from $1,300-$1,400 per tonne at IPO to $2,100 per tonne by the end of 2023, mainly driven by demand from China and Pyx's high-quality, innovative products suited for applications like electric vehicle batteries and energy cells.

Hasler also highlighted Pyx's commitment to sustainability and workplace diversity. It aligned with the UN sustainability goals, increased female employment, and focused on hiring from the local indigenous population. The company also engaged in community projects, including tree planting, blood donation drives, and cultural initiatives.

Looking forward to 2024, Pyx Resources has a robust five-year plan aimed at increasing zircon production to 48,000 tonnes.

Hasler sees potential for Pyx Resources to become a regional consolidator in the mineral sands business, presenting a unique investment opportunity.

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Helium One Global Ltd CEO Lorna Blaisse joined Proactive's Stephen Gunnion to share progress in the company's latest helium exploration campaign.

The company's Itumba West-1 has reached a depth of 961 meters, including 40 meters into the basement, surpassing its target zones and primarily targeting faults. Early indications are highly promising, and the company is gearing up for detailed logging and crucial well testing.

Blaisse noted that Itumba West-1 showed elevated helium levels, over 20 times the background level, a substantial improvement from previous wells. These preliminary results are yet to be confirmed with more accurate downhill samples, which will provide a clearer understanding of the helium concentration. This step is crucial for evaluating the true potential of the site.

Additionally, the company encountered elevated hydrogen levels in the Lake Beds Formation, suggesting a complex geological interaction. This discovery adds to the project's potential, as many global helium projects are associated with hydrogen.

The next steps for Helium One include detailed logging and well testing, which is expected to take approximately 7-10 days. This phase will include image logging to map fault zones accurately, guiding the positioning of packers for well testing. The company is optimistic about the increased helium concentration across the fault, aligning with their expectations.

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U.S. Gold CFO Eric Alexander joined Steve Darling from Proactive to discuss insights on financing mining projects, shedding light on the strategic considerations and avenues available to mining companies in this regard.

In the interview, Alexander outlined three primary avenues for financing mining projects: traditional equity, project debt, and federal/state support. He acknowledged the challenges associated with equity issuance for junior mining companies, particularly the potential for dilution of existing shareholders.

Regarding project debt, Alexander explained that mining companies can explore various options, including partnerships with institutional banks, private equity firms, and even commodity traders.

He also delved into the third category, which involves federal and state support through grants or loans. This category is especially relevant for critical materials such as copper. Alexander emphasized the importance of local sourcing, citing the U.S.'s growing interest in tapping into Wyoming's gold and copper reserves.

Alexander highlighted U.S. Gold Corp's strategic focus on the Copper King project in southeast Wyoming, emphasizing its unique advantage of being located on state and private land. This positioning simplifies the permitting process and aligns with the company's priorities for 2024.

The interview provided valuable insights into the complex world of mining financing and the considerations that mining companies like U.S. Gold Corp take into account when charting their strategic path forward. It also underscored the importance of securing funding and support for mining projects, especially in the context of critical resources like copper.

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Alasdair Bremner, chief executive, of Alusid, a portfolio company of Frontier IP Group PLC, joined Proactive's Stephen Gunnion after the company raised £1.1 million, including £500,000 from Octopus Investments.

Bremner said the company will use the funding to expand its product range, including a new floor tile made from 98.5% recycled material, boasting one of the lowest carbon footprints in the market. Alusid's mass-produced product 'Principle', consisting of 91.3% recycled material, is already available nationwide. The company also plans to grow its team, focusing on international distribution to leverage global opportunities.

Bremner revealed plans for an IPO later this year, highlighting their scale production in Spain and Italy and a strong validation from Octopus Investments.

The company's patented technology significantly reduces the energy mix in the production process, cutting carbon footprint by 60-69% compared to other market products, according to a study with the Materials Processing Institute.

Alusid's future includes strengthening relationships with major clients like H&M and Starbucks, expanding distribution in Europe, and launching innovative products like a wall tile using recycled glaze. Bremner expressed excitement about these developments and their environmental benefits, promising to keep stakeholders updated on the company's progress.

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Greatland Gold managing director Shaun Day takes Proactive's Stephen Gunnion through a December quarter update, including the latest on the company's Havieron project.

Day highlighted the ongoing efforts in depressurizing and dewatering the lower-contained aquifer at Havieron, emphasizing the importance of data collection for water management and ensuring a safe, secure process. He stressed the final stages of accessing the ore body, marking a crucial step in the project's progress.

Day also discussed the recent updated mineral resource estimate, boasting a significant growth of 29% to 8.4 million ounces. This consistent growth rate was noted as a remarkable achievement, with the indicated category, which can be converted into reserves, growing over 30%. He also pointed out the expansion of the ore body's depth, now reaching 1000 vertical meters, and over 70% of the added ounces found in the deeper sections of the ore body, reinforcing the continuity and quality of the deposit.

After Newmont Mining replaced Newcrest Mining as its joint-venture partner, Day expressed enthusiasm about the new partnership with Newmont, acknowledging its expertise and capacity as beneficial to the Havieron project.

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