News Hub | News Direct

All Industries


Article thumbnail News Release

Giyani Metals advances with key financing for Botswana manganese project targeting the EV industry

Giyani Metals Corp

Giyani Metals Corp (TSX-V:EMM, OTC:CATPF) CEO Danny Keating joined Proactive's Stephen Gunnion with news that the company is pushing quickly ahead with its flagship high-purity K. Hill manganese project in Botswana and the construction of a demonstration plant in Johannesburg. The company has drawn down the first $5.7 million of a $16 million convertible loan facility secured from South Africa's Industrial Development Corporation (IDC). In total, Keating said the company has completed a $26 million funding round, minimising shareholder dilution by combining equity and debt financing strategies. This funding supports the construction of the demonstration plant, which will play a crucial role in establishing credibility with potential customers through the production and consistent delivery of high-quality manganese. Keating said the company, focusing on the development of high-purity manganese for electric vehicle (EV) batteries, addresses a growing demand in a market predominantly dominated by Chinese production. He emphasized the strategic importance of diversifying the supply chain to include non-Chinese sources, highlighting Giyani Metals' efforts to establish Western production capabilities. Keating also touched on the forthcoming stages of the project, including a definitive feasibility study slated for 2025, which will precede final investment decisions. The strategic developments at Giyani Metals are poised to position the company favourably within the evolving EV battery component market, capitalising on legislative shifts such as the US Inflation Reduction Act, which mandates increased use of non-Chinese materials in EV batteries. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 01, 2024 10:37 AM Eastern Daylight Time

Video
Article thumbnail News Release

Exploring the Influential Leadership Legacy of Wilbert T. Lee: A Philippine Congressional Force.

Plato AI

New York, May 1st, 2024 - (PlatoAI via 500NewsWire) -- In a world often colored by political machinations and self-serving motivations, Representative Wilbert T. Lee emerges as a luminary of integrity and sincere dedication to the well-being of the Filipino population. His formidable first term in politics is decorated with a multitude of profoundly significant legislative accomplishments, with standout examples being the Philippine Salt Industry Development Act and the New Agrarian Emancipation Act - both indicative of his commitment to catalyzing economic progress and amplifying local communities' agency. Before stepping foot into the realm of politics, Lee was renowned for his monumental business empire. As the chief executive officer of one of the largest companies in the nation, he decided to confront a novel challenge and apply his unparalleled business acumen and leadership proficiency to politics, thereby testing the resilience and principles which he is well-regarded. Since his victorious entry in the 2022 elections as a representative for the AGRI-Party, Lee's ethos has always been about service before self. But the victory was only the commencement of his political journey, a journey where he has proven himself to be both a strategic thinker and a meticulous executor. He earned a reputation for his no-frills approach, assuming guardianship over his constituency and not withholding criticism, even if it targeted influential figures who, from his perspective, compromised the interests of the public. Lee corroborates his guardianship with action, fulfilling the expectations that have been placed on him. Holding prestigious positions in 24 diverse committees in Congress, Congressman Lee has authored and co-authored a whopping total of 255 significant acts, many of which have been cemented into law. Two laws that undeniably leave a formidable mark on his first term are the Philippine Salt Industry Development Act (House Bill No.8287) and the New Agrarian Emancipation Act (Republic Act No. 11953). The Philippine Salt Industry Development Act, which enjoys bipartisan support, was an essential piece of legislation that sought to rejuvenate the local salt industry and formulate a comprehensive development plan for all stakeholders. It marked a substantial breakthrough, particularly considering that the Philippines was heavily reliant on imports for meeting their salt demand. Understanding the pressing need of the situation, Congressman Lee, alongside fellow representatives, pushed for this legislative initiative, recognizing the salience of the salt industry to the nation's agricultural fabric. They proposed an all-encompassing approach for the reinvigoration of the sector, characterized by apt classification of salt as a vital agricultural product, setting up a dedicated council for the industry's development, and introducing essential support mechanisms, such as development funds and technical assistance. Going forward, the act promises to reboot the local salt industry, thereby benefiting the craftsmen working in the sector and ultimately contributing to the nation's economy. Another formidable accomplishment during Lee's first term was the passage of the New Agrarian Emancipation Act. This Act serves as a beacon of hope that underscores the power of collaborative governance, giving respite to farmers mired in debt and strengthening the country's agricultural base. As a catalyst for rural development, the law stands testament to Lee's unwavering dedication to welfare and justice. Whether it was mitigating an impending surge in insurance rates or advocating for an augment in healthcare benefits, Lee's proactive stance on issues of public concern further cements his reputation as a leader who transcends traditional political boundaries. While the future path of the committed congressman is not for us to predict, we can safely state that it'll be one that aligns with the broader interests of the Filipino populace. As his impressive first tenure showed, Lee's principal aim will undoubtedly be the greater good. Contact Details Bryan Feinberg +1 551-574-2169

May 01, 2024 10:36 AM Eastern Daylight Time

Image
Article thumbnail News Release

Sovereign Metals steps up operations with new CTO and industrial equipment

Sovereign Metals Ltd

Sovereign Metals Limited managing director Frank Eagar joins Proactive's Stephen Gunnion with details of key developments. The company has appointed Dr Surinder Ghag as chief technology officer for graphite, marking a strategic move to enhance its operations in graphite production, particularly for the lithium-ion battery industry. Garg, noted for his expertise in anode materials for batteries, is expected to play a critical role in developing Sovereign Metals’ downstream test work programs. Sovereign Metals also announced the procurement of an industrial-scale spiral concentrator, which will be used to increase graphite concentrate sample preparation at their Malawi facility. This equipment is intended to replicate the plant's future operations and is currently being commissioned in Cape Town before being shipped to Malawi. This setup will enable Sovereign Metals to produce larger bulk samples of graphite concentrate, crucial for qualifying the material for high-end applications like battery manufacturing. Eagar highlighted that graphite will account for 50% of the company's revenue streams, underscoring its importance to their business model. Looking ahead, Sovereign Metals is planning a trial mine and trial rehabilitation program in collaboration with strategic investor Rio Tinto, aiming to generate the necessary materials for the new spiral concentrator plant. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

May 01, 2024 10:35 AM Eastern Daylight Time

Video
Article thumbnail News Release

Strip Tinning reports 2023 results; eyes major growth with new automotive and EV technologies

Strip Tinning Holdings PLC

Strip Tinning Holdings PLC (AIM:STG) executive chairman Adam Robson joined Proactive's Stephen Gunnion with an overview of the company and highlights of its 2023 financial year. Founded in Birmingham 50 years ago, Strip Tinning originally manufactured copper strips for automotive demisters. Over time, it evolved into a specialist producer of connectors used in car glazing systems, integrating electronics like aerials and radar within automotive glass. Recently, the company expanded into the Battery Technologies division, targeting the burgeoning electric vehicle (EV) market with specialised connectors for battery packs, marking a significant diversification of its product offerings. Robson highlighted 2023 as a pivotal year, featuring robust commercial progress with a revenue of £10.8 million and an adjusted EBITDA of £0.1 million. The Glazing division, contributing the majority of sales, achieved a substantial turnaround, with gross margins increasing from 6% in 2020 to 40% in 2023. This recovery is credited to strategic adjustments made in response to external challenges like the Ukraine conflict and inflationary pressures. Additionally, the company recently secured significant new orders, bolstering its order book by 91% and promising considerable future growth. Looking ahead, Robson envisions 2025 as a transformative year for Strip Tinning, driven by these new ventures, especially in the EV and smart glass markets. A recent capital raise of £5.1 million is aimed at supporting these growth ambitions, positioning the company for a potential doubling of sales over the next three years. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

May 01, 2024 10:32 AM Eastern Daylight Time

Video
Article thumbnail News Release

Rainbow Rare Earths and US critical minerals policy: CEO George Bennett's insights

Rainbow Rare Earths Ltd

Rainbow Rare Earths Ltd CEO George Bennett joins Proactive's Stephen Gunnion with details of a Financial Times feature that highlighted the company's Phalaborwa rare earths project as a bellwether for US critical minerals policy. Bennett highlighted the US Development Finance Corporation's commitment of $50 million to Phalaborwa, which is recognized for its potential to become the highest-margin rare earth project globally. Despite recent volatility in critical mineral prices, Bennett stated that Rainbow could maintain substantial EBITDA margins even at lower market prices due to its strategic and economical project design. Bennett also addressed the global dependency on Chinese rare earth supplies, noting China’s dominance in production and processing critical for modern technology and defence applications. He proposed that the US government should consider stockpiling rare earths to secure a stable supply chain outside of China. This would support the development of a strategic supply chain in the West, enhancing global supply security. Furthermore, Bennett expressed confidence in the resilience of the Phalaborwa project against price fluctuations, citing its innovative recycling of gypsum waste in South Africa as a key factor in its low production costs and high profitability potential. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 01, 2024 10:21 AM Eastern Daylight Time

Video
Article thumbnail News Release

Nexus Minerals announces significant expansion of Crusader Templar resource

NEXUS MINERALS LIMITED

Nexus Minerals Ltd managing director Andy Tudor joined Proactive's Stephen Gunnion with details of a significant expansion of the Crusader Templar resource at the Wallbrook gold project, which now exceeds 300,000 ounces. This growth is attributed to extensive drilling activities conducted throughout 2021 and 2022, with the resource update encompassing a more comprehensive analysis of the geology and mineralisation. Tudor emphasised the higher quality of this resource, marked by a lowered cut-off grade that better reflects the deposit's specific characteristics. Economic factors have played a crucial role in the updated resource estimate, with increased emphasis on potential economic extraction prospects, which have been integrated into the 2024 Mineral Resource Estimate. The updated estimate also considers dilution, recovery rates, and current gold prices, among other economic variables. Tudor also discussed ongoing mining studies and a scoping study that is well underway, which incorporates extensive current data on metallurgy, geotechnical aspects, and environmental factors. This includes flora and fauna surveys, heritage assessments, and logistical considerations such as proximity to existing infrastructure. Despite the significant increase in the resource estimate, Nexus Minerals continues to explore further, with additional drilling planned to enhance the understanding of the deposit's potential and refine the economic viability of extracting these resources. Contact Details Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 01, 2024 10:11 AM Eastern Daylight Time

Video
Article thumbnail News Release

ETC Group's Bradley Duke discusses bitcoin trends and new ETP launch

HANetf Holdings Limited

ETC Group founder and chief strategy officer Bradley Duke discusses recent trends in Bitcoin's market performance and future expectations with Proactive's Stephen Gunnion. He noted Bitcoin's peak prices above $72,000 in March and April, attributing these to the SEC approval of spot Bitcoin ETFs in the US. Duke described the subsequent price retracement to below $60,000 as a normal aspect of market cycles, involving profit-taking and no cause for panic. Regarding the Bitcoin halving event, Duke explained that while immediate effects on Bitcoin prices are minimal, historical data shows significant price movements tend to occur around 100 days post-halving, with the most pronounced effects about 400 days later. He linked these movements to reduced mining rewards, which gradually impact supply and, by extension, prices. Additionally, Duke shared ETC Group's projection that Bitcoin could reach or surpass $100,000 by the end of 2024, which is conservative compared to some investment bank forecasts. He also highlighted the launch of the ETC Group Core Bitcoin ETP (BTC1), designed to enhance liquidity by aligning with trading times across North America, Europe, and Asia Pacific. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 01, 2024 10:09 AM Eastern Daylight Time

Video
Article thumbnail News Release

CEO Roby Zomer discusses Argent BioPharma's future in pharmaceuticals

Argent BioPharma Ltd

Argent BioPharma managing director and CEO Roby Zomer speaks to Proactive's Stephen Gunnion following the company's rebranding from MGC Pharmaceuticals, alongside a comprehensive restructuring. Zomer explained the shift marks a refined focus on the pharmaceutical sector, discarding previous activities not aligned with pure pharmaceutical processes. Zomer highlighted the company’s advancement in drug discovery, particularly through a multidisciplinary approach and modern technologies such as nanotechnology and mRNA modulation. These innovations are targeted at addressing unmet medical needs. The company has developed notable products including CannEpil and CimetrA. CannEpil targets refractory epilepsy and has shown efficacy in controlling seizures without reported adverse events. CimetrA, developed during the COVID-19 pandemic, is designed to alleviate COVID-19 symptoms and prevent cytokine storms, with potential applications in treating other autoimmune diseases. Both drugs are now being prescribed in key markets including the United States and Europe. Zomer expressed optimism about the future, emphasizing ongoing research and progress in obtaining regulatory approvals. The focus will remain on enhancing early patient access schemes, which are expected to significantly impact revenue. Over the next 24 months, Argent BioPharma plans to introduce more innovative treatments to the market. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

May 01, 2024 10:07 AM Eastern Daylight Time

Video
Article thumbnail News Release

Immunic Phase 2 EMPhASIS trial data highlighted in peer-reviewed neurology journal

Immunic Inc

Immunic Inc (NASDAQ:IMUX) CEO Dr Daniel Vitt joined Proactive's Stephen Gunnion with news of the publication of extended data from the Phase 2 EMPhASIS trial of vidofludimus calcium in relapsing-remitting multiple sclerosis (RRMS) in the peer-reviewed journal, Neurology® Neuroimmunology & Neuroinflammation, an official journal of the American Academy of Neurology. Vitt noted that the EMPhASIS trial demonstrated a notable reduction in gadolinium-enhancing lesions by 78% and 74% in two high-dose groups compared with the placebo. These results also correlate with improvements in serum neurofilament light chain levels, consistent with recent interim phase 2 clinical data from the ongoing CALLIPER trial in progressive MS, indicating ongoing progress in the field. Vitt highlighted the study's contribution to understanding the neuroprotective and anti-inflammatory effects of the treatment under investigation. The drug's potential impact on the treatment landscape of MS, particularly its role in addressing disease progression independent of relapse activity, was emphasized. Immunic is also conducting the CALLIPER trial in progressive MS, with key results expected by April 2025. Additionally, the phase 3 ENSURE trials are actively enrolling, with projected readouts in 2026. Dr Vitt expressed optimism about the drug's unique profile, combining safety and effectiveness in potentially altering the management of all forms of MS. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 01, 2024 10:02 AM Eastern Daylight Time

Video
1 ... 210211212213214 ... 3736