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Polymetals Resources secures $5 million investment from Metals Acquisition for Endeavor Mine

Polymetals Resources Ltd

Polymetals Resources Ltd (ASX: POL) managing director Dave Sproule joins Proactive’s Jonathan Jackson to discuss a non-exclusive strategic alliance with Metals Acquisition Ltd (ASX: MAC). This partnership aims to enhance value extraction from the Endeavor Mine and CSA Copper Mine, in the Cobar Basin, NSW, Australia. As part of this alliance, MAC will invest up to $5 million in Polymetals at $0.35 per share. The two companies will enter into an agreement to treat high-grade zinc ore from MAC’s CSA mine at Polymetals' Endeavor Silver-Zinc Mine. Additionally, Polymetals will provide MAC with excess water offtake, which will help increase the ore treatment capacity at the CSA mine. The strategic alliance is designed to exploit operational synergies between these neighbouring mines, with the goal of enhancing production and financial outcomes. Sproule, expressed confidence in the partnership, highlighting the benefits for all stakeholders. He noted that Polymetals had operated in the Cobar Basin for many years and that the collaboration with MAC was expected to unlock significant value through existing synergies and other opportunities as the relationship develops. He emphasised that bringing the Endeavor Mine back into production would be a positive outcome for NSW and the Cobar community, creating more than 200 direct jobs and injecting around $50 million a year into the local economy for at least the next 10 years. He also mentioned the potential to extend the mine's life through ongoing optimisation, exploration success, and value-adding treatment options. With the ability to defer the environmental bond replacement for up to two years and taking full ownership of the Endeavor Silver-Zinc Mine operating assets, Polymetals is now positioned to complete the optimisation and restart financing for the mine. The company plans to commence refurbishment works in early H2 2024, with the first concentrate output expected during H1 2025. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 27, 2024 06:45 PM Eastern Daylight Time

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Intra Energy Corporation approved for lithium and gold drilling at Maggie Hays Hills

INTRA ENERGY CORPORATION LIMITED

Intra Energy Corporation Ltd (ASX: IEC) managing director Ben Dunn sits down with Proactive’s Jonathan Jackson after the WA Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) approved IEC's Program of Works (PoW). The company now plans to conduct 2,500 metres of reverse circulation (RC) drilling for lithium, tantalum, niobium and caesium pegmatites at the Maggie Hays Hills Project in Western Australia. These pegmatites are believed to be up to 50 metres wide, with outcroppings along a 2.5-kilometre contact zone. Additionally, IEC aims to drill test several outcropping quartz reefs, where rock chip samples have shown gold results of up to 17 g/t, extending over a 1.5-kilometre geological contact zone. According to Dunn, the approval is a significant step towards the drilling phase, with multiple promising lithium pegmatite and gold targets identified. IEC is collaborating with the Ngadju Native Title Group to secure the necessary heritage clearance, expected to be surveyed by late May, with drilling anticipated to start by mid-June, pending clearance. Pending laboratory assays for 50 infill soil samples and 12 rock samples are expected within the next two weeks. The heritage survey is scheduled for May 30, 2024, and track clearing at Maggie Hays is planned for early June. Contact Details Proactive Investors Proactive Investors +61 413 713 744 jonathan@proactiveinvestors.com

May 27, 2024 06:40 PM Eastern Daylight Time

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Aruma Resources acquires copper and uranium assets in game-changing play

Aruma Resources Ltd

Aruma Resources Ltd (ASX: AAJ) managing director Glenn Grayson sits down with Jonathan Jackson in the Proactive studio to talk about the “game-changing” acquisition of a portfolio of copper and uranium exploration assets located in tier-1 mineral precincts in South Australia and Queensland. The assets include the Wilan IOCG-Uranium Project in the Olympic Dam precinct of South Australia and the Fiery Creek Copper Project and Bortala Copper Project in the Mt Isa region of Queensland. These projects offer potential for copper-gold discoveries (stratiform and IOCG), as well as uranium targets at the Wilan Project. As part of the acquisition, Aruma will issue NHM Holdings (Australia) Pty Ltd (NHMHA) shareholders 26.5 million fully paid AAJ ordinary shares, which will be under a six-month voluntary escrow. Additionally, Aruma will grant 24.5 million non-transferable options exercisable into one ordinary AAJ share upon securing drilling approvals at the Wilan Project and 28 million options exercisable into one ordinary AAJ share upon reporting a significant drill intercept. Furthermore, a 2% Net Smelter Return (NSR) will be paid to NHMHA shareholders on any minerals extracted and sold from the new projects. The due diligence on the projects has been successfully completed and the acquisition is pending Aruma shareholder approval. Post-acquisition, Aruma plans to initiate targeted field work programs to define and drill test priority targets. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 Jonathan@proactiveinvestors.com

May 27, 2024 06:35 PM Eastern Daylight Time

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Gold Hydrogen achieves record purity levels in Stage 1 testing

GOLD HYDROGEN LIMITED

Gold Hydrogen Ltd (ASX:GHY) managing director Neil McDonald sits down with Jonathan Jackson in the Proactive studio to discuss the completion of Stage 1 well testing at its Ramsay Project on the Yorke Peninsula of South Australia, achieving exceptional results. The Ramsay 1 and Ramsay 2 wells recorded world-leading purity levels of 17.5% helium and 95.8% natural hydrogen (air corrected). This marks the first dedicated natural hydrogen and helium well-test operation in Australia, and one of the few globally. The Ramsay 1 test utilised an open hole well test to assess formation inflow, with nitrogen injection used to clear fluids. Formation permeability was indicated by fluid influx and natural hydrogen recovery at the surface. The Ramsay 2 test involved detailed testing of seven zones, identified using open hole logs and mud gas data from prior drilling. All zones confirmed natural hydrogen at the surface, validating previous purity levels, with the highest at 531 metres depth. Helium was also extracted from a 180-metre thick zone in the Kulpara Dolomite, with significant spikes during initial testing, confirming 17.5% helium purity. The primary objective of confirming downhole pressure and natural gas flow to the surface was achieved. Stage 2 will involve extended well testing to determine flow rates, involving a downhole pump to remove formation fluid. Success in this phase will inform future well designs and contribute to a pilot plant design. McDonald highlighted the significance of these results, which are among the highest purity levels recorded globally. Stage 2 testing is planned to begin in early Q3 2024, aiming for commercial production of natural hydrogen and helium. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 27, 2024 06:30 PM Eastern Daylight Time

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Compumedics set for record-breaking $46 million FY24 revenue

Compumedics Limited

Compumedics Ltd (ASX:CMP) CFO and company secretary David Lawson talks to Proactive’s Jonathan Jackson about the company’s record revenues of at least $46 million for FY24, with sales orders exceeding $50 million. The company anticipates a profit for FY24 due to strong sales performance. Compumedics has projected record sales orders and revenues for FY24 driven by strong growth in its Australian sleep and neurodiagnostic businesses. The company has received new MEG orders and has seen increased European sales, particularly boosted by the Okti wireless EEG amplifier. In the USA, sales growth reached 60% in H2 FY24. Compumedics reported an H1 FY24 EBITDA of $2.2 million, though there is uncertainty in meeting the prior guidance of $5 million due to investments in the US sales and marketing team and delays in resuming DWL's China business. In the Somfit commercialisation update, Compumedics expects SaaS revenue to exceed $4 million for FY24, up from $1.7 million in FY23. Sales have commenced in the USA following FDA approval, with initial revenues invoiced in Q4 FY24. Both Somfit and Nexus 360 show significant revenue growth. For MEG, the installation at Tianjin Normal University in China is expected to be completed soon, with two additional MEG sales planned for 2025. These sales represent about $14 million in new orders. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 27, 2024 03:45 PM Eastern Daylight Time

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Prodigy Disc Announces the Launch of the MX-2 Midrange Disc

Rev Up Marketers

Prodigy Disc, a renowned innovator in the world of disc golf, has introduced a new addition to its lineup: the MX-2, an overstable midrange disc designed for high performance and reliability under various playing conditions. The launch of the MX-2 continues Prodigy Disc’s commitment to innovation and quality in the disc golf market. By expanding their product range with discs like the MX-2, Prodigy aims to cater to a broad spectrum of player preferences and skills. Disc golfers can look forward to experiencing the MX-2 on courses around the world as it becomes available through various sports outlets and online platforms. About Prodigy Disc: Prodigy Disc is a premier disc golf company dedicated to the sport's innovation and enhancement. Founded by Disc Golf World Champions, Prodigy Disc produces consistent, high-quality discs designed to improve flight distance and accuracy for players of all skill levels. Since launching their first line of discs in 2013 to critical acclaim, Prodigy has expanded their offerings to include a wide variety of discs and has sponsored over 150 elite players. In addition to discs, Prodigy Disc provides top-tier equipment, accessories, and apparel, all crafted with input from professional athletes to meet the specific needs of the disc golf community. Contact Details Prodigy Disc Ben Rosenberg +1 706-671-1210 service@prodigydisc.com Company Website https://www.prodigydisc.com/

May 27, 2024 01:46 PM Eastern Daylight Time

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Nordic Catch Named "Best Sushi Grade Seafood Delivery Company" for Its Fresh Icelandic Seafood

Rev Up Marketers

This has been a great honour and confirmation of the quality and services being offered by Nordic Catch which has been acclaimed as the ‘Best Sushi Grade Seafood Delivery Company’ by the Food Network. This recognition speaks volumes about the commitment of the company and its dedication to providing fresh, never-frozen seafood from Iceland to people in the United States. Another appreciable difference that Nordic Catch has in the provision and selling of its seafood is its methods of ensuring that the foods retain their fresh nature. To stand out from some of the other competitors, the company guarantees that its seafood is not frozen in any way, thus maintaining the authentic qualities, such as taste and texture, that sushi lovers appreciate. “Currently, we have been the only statewide company that delivers fresh Icelandic seafood every time,” stated Julian Plateado of Nordic Catch. In our process, we ensure that every customer serving is given the best Seafood possible, at their doorstep. Iceland, famous for wealthy sea-living organisms, uses its fresh waters to produce quality seafood. From the case study looking at Nordic Catch, it is evident that the company supplies a range of fish and shellfish that boast the appropriate quality necessary for sushi-grade products. Thus, it fosters sustainability and provides consumers with a product that meets their expectations due to its freshness and taste. Nordic Catch received the title of “Best Sushi Grade Seafood Delivery Company” because of the satisfaction rate and quality of the product in terms of freshness as well as the unique delivery services that ensure that seafood remains fresh even after delivery. Out of 11 seafood delivery services highlighted by Food Network, Nordic Catch was singled out for ranking high in their specific category. This title, the spokesperson stated, ‘must reflect the efforts of the team’ and the respect for the ‘generous nature’ of Iceland. After receiving this high accreditation, Nordic Catch should be able to diversify and offer new products as well as tap into more markets of people desiring to enjoy the best quality seafood. They continue to remain committed to their vision of making sure that their products produce the best quality and that consuming fresh fish is good for your health. For more information about Nordic Catch and their products, visit their website or contact customer service. About Nordic Catch Nordic Catch is a premium seafood delivery service, They deliver the finest seafood directly from Iceland, to your doorstep including sushi-grade fish and seafood. They achieved the highest quality and freshness from the ocean to the table; they are the only American company offering fresh, non-frozen seafood delivered to the lower 48 states within the night. They were awarded “Best for Sushi” by the Food Network Top Seafood Delivery Services list. Contact Details Nordic Catch Julian Plateado +1 818-767-2392 hello@nordiccatch.com Company Website https://nordiccatch.com/

May 27, 2024 01:37 PM Eastern Daylight Time

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HTX's Asia Tour During 2024 Bitcoin Pizza Day: A Carnival Connecting the Crypto Community

HTX

When programmer Laszlo Hanyecz made history in 2010 by using 10,000 Bitcoins to buy two pizzas, the digital currency was still an obscure novelty known only to a small number of people. But nowadays, Bitcoin has gained a large following and has been adopted by millions of people around the world. It has achieved widespread recognition, with May 22nd now commemorated annually as Bitcoin Pizza Day across the global crypto community. The celebration of Bitcoin Pizza Day with friends from around the world has become an established tradition on HTX. This year, the platform has launched over 11 online BTC Pizza Day Carnival events, with a total prize pool exceeding 1 million USDT up for grabs. Moreover, beyond just online celebrations, HTX also hosts offline in-person gatherings, which hold an irreplaceable appeal for community-focused events like this. During the Bitcoin Pizza Day period, HTX embarked on an Asia tour, making stops in destinations including Chinese Taiwan, Vietnam, and the Philippines, to share pizzas with the platform's users and celebrate this special day for the crypto sphere together. From May 21 to 22, HTX's presence was evident at various event locations across Asia. Titleholders of Miss Asia were spotted driving BMWs specially wrapped with HTX branding, distributing pizzas to VIP clients, KOLs, and business partners across various locations. People from diverse backgrounds and speaking various dialects, who share a common belief in Bitcoin, also came together through their connection with HTX. In celebration of the 2024 Bitcoin Pizza Day, HTX rolled out an array of innovative online and offline events, aiming to provide richer experiences and greater benefits for cryptocurrency enthusiasts around the world. While the Pizza Day festivities have concluded, HTX will remain committed to investing in this sector. The platform will introduce more unique events, offering innovative gameplay within different exchange services and facilitating in-person communication offline. These initiatives are designed to cater to the diverse needs of users and greatly enhance their overall experience. Counting down to your presence next year for another fantastic Bitcoin Pizza Day celebration! About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

May 27, 2024 12:48 PM Eastern Daylight Time

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Applied Graphite Technology Secures $300,000 from key investor for Queens Mine Complex Exploration

Applied Graphite Technologies Corporation

Applied Graphite Technology Corporation CEO Don Baxter joined Steve Darling from Proactive to announce a significant milestone for the company. Applied Graphite has closed a non-brokered private placement with a strategic investor for $300,000. The net proceeds will be used for the exploration of the Queens Mine Complex graphite project. Baxter discussed ongoing efforts at the Queen's Mine complex in Sri Lanka, including permitting and rapid progress towards obtaining mining licenses. The company aims to start production by mid to late fall, focusing on extracting high-purity graphite (95% carbon) without the need for extensive processing facilities. This natural graphite is essential for lithium-ion batteries, particularly for the anode component, and has a smaller environmental footprint compared to synthetic graphite. The high quality and low capital expenditure of Applied Graphite Technologies' product make it attractive for the battery industry, including applications in electric vehicles and stationary storage. Baxter highlighted the proven effectiveness of their graphite in battery anodes, reinforcing the company's strategic importance in the market. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 27, 2024 12:47 PM Eastern Daylight Time

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