Power Nickel Inc CEO Terry Lynch joined Proactive for an update on the company's recent assay results and developments during an interview with Steve Darling.

Power Nickel Inc conducted a step-out hole to test the Nisk Main Deposit, positioning it 300 meters to the south and east of previous drilling. The assay results from this step-out hole revealed a 19.5-meter interval, commencing at a downhole distance of 463.5 meters. Notably, the initial hole showed 1.75 meters of 1.10% Ni (nickel) and 4.54% Cu (copper), along with 6 meters of 0.86% Ni and 0.54% Cu.

Lynch explained that the west side of Nisk Main Deposit contains higher-grade material, and these findings reaffirm that trend. The company anticipates further promising results from two holes with pending assay results, indicating that Nisk Main West remains open at depth. Subsequent drilling activities leading up to Christmas will focus on significant step-outs in this area to further explore its potential.

In addition to the exploration updates, Lynch shared that Power Nickel Inc has successfully closed the previously announced private placement, raising gross proceeds of $705,000. These funds will contribute to the company's ongoing exploration efforts and support its objectives in unlocking the value of its nickel and copper deposits.

Overall, Power Nickel Inc's recent assay results and private placement closure underscore the company's commitment to advancing its exploration projects and capitalizing on the significant potential of its mineral deposits. As the company continues its efforts, it aims to position itself as a key player in the mining industry, particularly in the field of nickel and copper resources.

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Immunic Inc (NASDAQ:IMUX) President and CEO Dr Daniel Vitt speaks to Thomas Warner from Proactive London after the Munich-based biotech company released a Q3 update.

Dr Vitt starts by describing the quarter as a "very eventful and positive quarter for us, dominated by a key message" - positive interim data from its Phase 2 CALLIPER trial of vidofludimus calcium in Progressive Multiple Sclerosis.

The financial aspect was also discussed, with the company claiming a cash reserve of $60 million as of the last quarter. The interview highlights the company's efforts to bolster its intellectual property portfolio, citing a notice of allowance from the US Patent Office for the vidofludimous calcium dose strength patent.

Dr. Vitt discusses the company's focus on business development during the current quarter, expressing confidence in the data and molecules its bringing to discussions with potential partners.

He says that "the focus for the company is clearly on the business development side... we [also] continue execution of the vidofludimous MS programs and also prepare a potential phase 2 clinical study for IMU-856."

OptionsDesk broker Rich Perry speaks to Thomas Warner from Proactive London about the upcoming week's market dynamics and potential market-movers.

As the new week kicked off, Perry acknowledges that it might be somewhat less eventful compared to recent blockbuster weeks in terms of major economic news, though he does highlight US Core inflation data coming later in the week.

The data is of particular interest as market participants await insights into whether the Federal Reserve's maintenance of higher interest rates is affecting inflation trends. Thursday will bring standard US jobless claims, along with significant earnings reports from Walmart.

The week concludes with UK retail sales data on Friday, providing insights into the strength of the UK consumer market.

Outside of purely economic events, talk turns to the potentially significant meeting between US President Joe Biden and Chinese Premier Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation conference taking place in San Francisco this week.

Recognising the potential impact on market sentiment, Perry emphasises the importance of monitoring the rhetoric and outcomes of this meeting. The discussions between the leaders of the world's two largest economies could introduce surprises or shocks, influencing global markets.

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) CEO Mark Learmonth speaks to Thomas Warner from Proactive London after the Zimbabwe-focused gold producer announced a Q3 update. Learmonth explains that Caledonia Mining achieved some significant milestones in the third quarter with gold production from its Blanket mine reaching nearly 22,000 ounces.

The output helped the company reach a gross profit of $14 million for the quarter. While acknowledging a slight increase in operational costs, Learmonth expresses optimism, emphasising the company's commitment to addressing specific challenges, including higher overtime payments and unexpected electricity usage.

Addressing the disappointing performance of the Bilboes Oxide Project, Learmonth clarified that it does not reflect on the quality of the underlying sulphide property. The company has decided to place the Bilboes Project on care and maintenance, redirecting efforts toward an ongoing feasibility study for the sulphide property.

He adds that Caledonia has received an offer for its solar project, and negotiations are underway. Learmonth highlighted the company's cautious approach to development, emphasising a commitment to optimising shareholder value.

Looking ahead, the company is working on refreshing the feasibility study for the Bilboes roject, considering a new approach to minimise upfront capital costs.

Learmonth expresses optimism about concluding negotiations on the solar project offer by year-end and providing a clear direction for future strategic developments in early 2024.

East Star Resources PLC (LSE:EST) CEO Alex Walker speaks to Proactive after the Kazakhstan-focused gold, copper and rare earths explorer released an update on the assays from drilling at the Verkhuba Deposit on the Rudny Altai VMS belt.

Walker expressed satisfaction with the ongoing program, noting the need to re-assay 62 samples that exceeded the detection limit. The preliminary indications confirm the expected copper and zinc mineralization and showcase a promising correlation between mineralised zones and historical data.

While awaiting final results, Walker highlights notable intersections, such as 10m above 1% copper and just under 8g/t of silver. This aligns well with historical results, raising optimism for the project's potential. With upcoming assays from areas outside Verkhuba and recent fundraising of £540,000, Walker says East Star Resources is well-funded for current and future programs.

Walker anticipates significant advancements in their projects before the need for additional capital.

The CEO also touched on the timeline for the JORC resource results, saying that the company is "significantly closer than we were previously."

Tempest Minerals Ltd (ASX:TEM) MD Don Smith tells Proactive the company has fielded some strong gold findings during exploration at the Range Project in WA, just south of Mount Magnet, which is renowned for its rich gold mining history. Following a thorough geological review, fieldwork and data consolidation, the company has defined multiple compelling exploration targets for rapid assessment. Preliminary rock sampling has confirmed the presence of anomalous gold, with values reaching up to 1 g/t along strike from historical mining operations.

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Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) CEO Trent Spry tells Proactive the company’s initial production well, BBB #33, at the Voyager Project in Colorado, USA, is scheduled to spud in the week commencing November 27. Drilling contractor, Hydro Resources Rocky Mountain Inc, has advised that it will spud BBB #33 following the completion of their current job. Final site works are being undertaken and a spudder rig will be used to set the surface conductor in preparation for arrival of the main drill rig. Drilling operations are expected to take six to 10 days to reach planned total depth (TD) of drilling. The well will be wireline logged at TD for two days after which it will be flow and pressure tested for five days.

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Little Green Pharma Ltd (ASX:LGP) CEO Paul Long tells Proactive the company is a global, vertically integrated medicinal cannabis business with operations from cultivation and production through to manufacturing and distribution. It has two global production sites for the manufacture of its own-branded and white-label ranges of GMP-grade medicinal cannabis products, with its Danish facility being one of the largest GMP medicinal cannabis production sites in Europe and its Western Australia site, which is an indoor GMP production facility, specialising in premium hand-crafted cannabis strains.

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Westgold Resources Ltd (ASX:WGX) MD Wayne Bramwell tells Proactive the company added a further $25 million to its treasury in Q1 FY24. He says the quarter was again characterised by strong safety statistics and operational results, and now represents the third consecutive quarter of cash build for Westgold – a first in its history. He adds that aggressive drilling continues across the portfolio and Westgold continues to invest in high value internal growth projects.

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Riversgold Ltd (ASX:RGL) technical direcctor Ed Mead tells Proactive the company has identified nine new lithium targets with readings above 135 parts per million in a previously untested central area of its Tambourah Lithium Project in WA’s Pilbara region. The discovery follows a geochemical sampling of 3,070 samples, with a number of the targets sitting in magnetic lows or in and around magnetic breaks. These locations are now high-priority targets for an upcoming helicopter-supported field reconnaissance trip commencing on November 24.

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