Alligator Energy Ltd (ASX:AGE) CEO Greg Hall speaks with Proactive following the news the company has raised $25.5 million via a share placement that was strongly supported by high net worth and institutional shareholders, both in Australia and overseas. Placement proceeds will assist the company evaluate and fund potential future uranium and energy mineral opportunities. They will also enable Alligator to enhance work programs at the Samphire Uranium Project in South Australia next year, where key upcoming activities include a feasibility study and mining lease application, and an expanded resource drilling and geophysics program.

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Astral Resources NL (ASX:AAR) MD Marc Ducler tells Proactive the company has projected free cashflows of about $740 million over a life-of-mine (LoM) of 11 years in a scoping study for its flagship Mandilla Gold Project in Western Australia’s Widgiemooltha greenstone belt. The study, based on extraction of mineral resources in two granted mining leases, has determined that a 2.5 million tonnes per annum carbon in leach (CIL) processing plant with associated infrastructure provides the lowest capital and operating cost across the mine’s life. It projects an average gold production target of 100,000 ounces per annum at an average feed grade of 1.30 g/t gold over the first 7.4 years, gradually reducing to 41,000 ounces at 0.50 g/t gold from treating lower grade stockpiles over the remaining 3.4 years.

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AdAlta Ltd (ASX:1AD) CEO Dr Tim Oldham tells Proactive the company has wrapped up the enrolment of healthy volunteers for its AD-214 Phase 1 extension study, and early indications are that it is well tolerated. The aim of the trial is to evaluate the safety of AD-214, the company’s flagship candidate for treating fibrotic diseases including Idiopathic Pulmonary Fibrosis.

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Elixir Energy Ltd (ASX:EXR) MD Neil Young gives Proactive an update on the preparations for the Daydream-2 appraisal well in its 100%-owned Grandis Gas Project in Queensland’s Taroom Trough. He says construction of the well pad and upgrade of pre-existing access roads for Daydream-2 began within the last week and is well underway. Meanwhile, the drilling of an on-site water well is also well advanced.

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Great Southern Copper PLC (LSE:GSCU) CEO Sam Garrett speaks to Thomas Warner from Proactive on his return from a trip to Chile, where the mineral exploration company already has two projects and is now in the process of adding a third.

Garrett gives an overview of how work is proceeding in the country, highlighting that the company is on the verge of commencing drilling at the Especularita Project, targeting high-grade copper and gold mineralisation at the Abundante and Terra Sita prospects, targeting high-grade copper and gold mineralization. The commencement of drilling will be represent a significant milestone as it's the first drilling the company will have done at the Project.

Additionally, Great Southern Copper is expanding its portfolio by venturing into lithium exploration with the addition of the Monti Lithium Project. The 23,500-hectare application in the Atacama region presents a promising opportunity in a competitive market that Garrett describes as "too good to pass up."

The drilling campaign at Especularita is poised to kick off once the necessary permits are secured, with results anticipated within two to three months.

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In a surprising surge, Bitcoin (BTC) gained a whopping 1.7% against the US dollar, closing at $27,210. However, a late-day correction pulled it down from its intraday high of $27,500. All eyes are on the US Federal Reserve's interest rate call, expected to signal a pause in future hikes, potentially favoring riskier assets like Bitcoin and equities.

Despite this bullish trend, Bitcoin's slight dip to $27,127 indicates lingering market uncertainty. BTC/USDT has seen a nearly 2% increase in month-to-date performance, defying September's typical bearish trend.

In contrast, leading exchange Binance faces a downturn, with its Bitcoin trading volume plummeting by 57% since September's start. Meanwhile, rival Coinbase eyes an opportunity amidst mounting regulatory pressures on Binance.

Despite Binance's struggles, its native BNB token remains strong, up 2.9% weekly, while Ripple (XRP), Litecoin (LTC), and Solana (SOL) see notable gains.

The global crypto market cap now stands at $12.07 trillion, with Bitcoin dominance climbing to 50.19%, a significant increase from last week's figures."

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NextTech3D.ai CEO Evan Gappelberg and Hareesh Achi, Executive Vice President of Operations joined Steve Darling from Proactive to share significant developments on the company's strategic initiatives to enhance profitability and streamline its operations.

One notable achievement is the establishment of Nextech3D Solutions India Private Limited, a move aimed at optimizing profitability and reducing labor costs, with the goal of achieving these benefits starting in Q4, 2023. This transition is expected to result in expense reductions and significantly improved overall performance as the company rolls out its AI solutions.

Furthermore, Gappelberg revealed that Nexttech3D.ai is gearing up for an anticipated record Q3 and Q4, with expectations of substantial 3D model growth in 2024. The company has strategically shifted its focus, concentrating exclusively on high-scale production for its 3D modeling business, with a strong emphasis on serving Amazon and other enterprise clients.

Achi says this shift in strategy involves transitioning away from smaller e-commerce clients that require a limited number of 3D models and instead prioritizing large enterprise clients that demand thousands of models and high-scale production. This strategic shift is poised to strengthen the company's revenue streams and make a significant contribution to its overall growth and financial stability.

NextTech3D.ai's focus on high-scale production and large enterprise clients aligns with the growing demand for 3D modeling and augmented reality solutions across various industries. This strategic direction positions the company for sustainable growth and success in the dynamic world of 3D technology and AI solutions.

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Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share details of the company's fiscal first quarter for 2023 in a conversation with Steve Darling from Proactive. The results showcased significant growth, with revenues reaching $1.3 million, up from $0.7 million in the same period the previous year.

The positive financial performance was attributed to various factors, including sales of WAM-V autonomous vehicles, revenue generated from a previously announced contract with the Department of Energy, and strategic consulting services.

Stratmann highlighted the remarkable growth in the company's sales pipeline, which has increased by an impressive 215% year over year, now standing at approximately $85 million. This surge is attributed to several factors, including a substantial increase in defense and security activity and expanding commercial opportunities. Notably, there is growing interest from offshore wind companies seeking autonomous monitoring, surveillance, and survey-related services at various stages of project development.

Ocean Power Technologies is uniquely positioned as a provider of ocean energy and intelligent data services. Their innovative, low-carbon distributed and autonomous ocean power and data solutions, coupled with offshore engineering and design services, position them as a key player in the evolving landscape of sustainable energy and ocean-related services.

The company's continued growth and expanding sales pipeline reflect its dedication to providing cutting-edge solutions that harness the power of the ocean and contribute to a more sustainable and connected world.

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American Eagle Gold CEO Anthony Moreau joined Steve Darling from Proactive to share shared significant news regarding the company's NAK Copper-Gold Project. American Eagle Gold has recently achieved remarkable drilling results, marking a significant milestone for the project.

Hole NAK23-11, in particular, has produced exceptional results, with an intersection of 102 meters containing 1.04% Copper Equivalent, within a broader interval of 473 meters with 0.62% Copper Equivalent, starting from the surface. This represents the best hole drilled to date on the project and underscores the substantial mineralization potential.

Furthermore, Moreau revealed that another hole, NAK23-10, encountered a substantial 359-meter section with 0.43% Copper Equivalent within a larger interval of 830 meters at 0.36% Copper Equivalent, also starting from the surface. These results provide strong evidence of the considerable scale of the NAK mineralizing system, suggesting the potential for substantial growth in both size and grade.

The company is continuing its drilling efforts, with plans for several more holes during this season. American Eagle Gold's ongoing exploration activities and the remarkable results achieved thus far highlight the project's significant mineral resource potential, positioning it as a valuable asset in the company's portfolio.

These developments underscore American Eagle Gold's dedication to unlocking the full potential of the NAK Copper-Gold Project and contributing to the exploration and development of vital copper and gold resources, which are in high demand for various industrial applications and renewable energy technologies.

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Tonix Pharmaceuticals CEO Dr. Seth Lederman joined Steve Darling from Proactive to shared significant news regarding the Phase 2 proof-of-concept PREVAIL study of TNX-102 SL 5.6 mg for the management of fibromyalgia-type Long COVID. Dr. Lederman provided an overview of the study's topline results and the implications for future development.

Dr. Lederman announced that the study showed a robust effect size in improving fatigue, a key symptom of Long COVID. The results also demonstrated consistent activity trending towards improvements across secondary endpoints, including sleep quality, cognitive function, disability, and patient global impression of change.

However, Dr. Lederman noted that TNX-102 SL did not achieve the pre-specified primary endpoint of improving Long COVID pain intensity scores at Week 14. Despite this, the proposed mechanism of TNX-102 SL, which aims to improve sleep quality, aligns with recent announcements from the National Institutes of Health (NIH) that sleep quality is a target for future clinical trials in Long COVID.

Dr. Lederman highlighted that there is currently no approved drug for the treatment of Long COVID, making these findings important for potential future treatments. The company's plan is to request an End-of-Phase 2 meeting with the U.S. Food and Drug Administration (FDA) to discuss the possibility of a Phase 3 program. They intend to propose a primary outcome measure using the PROMIS Fatigue scale, which is widely recognized and validated for assessing fatigue across various conditions.

Lederman also told Proactive the company is committed to meeting potential increased demand for its Tosymra nasal spray 10 mg following GlaxoSmithKline’s planned discontinuation of Imitrex nasal spray 5 mg and 20 mg products after January 2024. This mov by Tonix is to be ready in case of possible drug shortages for patients who suffer from migraines.

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