News Hub | News Direct

All Industries


Article thumbnail News Release

U.S. Gold Corp Chairman Discusses New Funding and Upcoming Mining Permit

US Gold Corp

U.S. Gold Chairman Co-Founder Luke Norman joined Steve Darling from Proactive to announce the company's entry into a securities purchase agreement with certain investors, resulting in total gross proceeds of approximately $4.9 million dollars from pre-existing shareholders. This infusion of capital enhances U.S. Gold's financial position as it approaches a significant milestone—the anticipated receipt of a mining permit by the end of the second quarter of this year. Norman emphasized that this additional capital will support further exploration and development of their projects. He highlighted the company's anticipation of pivotal changes in the upcoming months, particularly with the expected mining permit, which could substantially enhance the company’s value proposition. Given the strong performance of the copper and gold markets, the timing aligns well with U.S. Gold Corp’s strategic objectives. Norman outlined the firm's plans to initiate drilling operations and explore additional opportunities around their CK project, leveraging the recent capital infusion. He also underscored the favorable regulatory environment in Wyoming, where U.S. Gold Corp is poised to become the first hardrock mine in nearly a century. Norman noted the state’s enthusiastic support for mining, which is significant amid the broader industry’s shift due to ESG (Environmental, Social, and Governance) concerns. Overall, U.S. Gold Corp remains well-positioned to capitalize on these opportunities, bolstered by strong community and federal backing. As the company advances towards its goals, investors can expect continued progress and value creation in the coming months. Stay tuned for further updates as U.S. Gold Corp continues to execute its strategic vision and drive growth in the mining sector. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

April 19, 2024 08:00 AM Eastern Daylight Time

Video
Article thumbnail News Release

Abitibi Metals completes first ever comprehensive 3D modelling of B26 deposit

Abitibi Metals Corp

Abitibi Metals Corp CEO Jonathon Deluce joined Steve Darling from Proactive to unveil the company's first comprehensive 3D geological model for the B26 Polymetallic Deposit in Quebec. This milestone follows the company's entry into an option agreement with SOQUEM Inc., through which Abitibi Metals Corp aims to earn an 80% interest in the B26 Polymetallic Deposit over a period of seven years. Deluce shared with Proactive that this newly developed 3D geological model represents a significant advancement in the understanding of the geological controls of mineralization within the B26 Deposit. The model is expected to bolster confidence in mineral potential evaluation and refine ongoing drill planning initiatives. According to the model, the footprint of the deposit extends along a strike length of 1.6 kilometers by 0.8 kilometers at depth, occupying a corridor approximately 150 meters in width. Utilizing Oasis montaj grade modeling, section-to-section interpretation, and insights gleaned from Phase 1 drilling observations, Abitibi Metals Corp has identified high-priority expansion targets and trends both within and outside the main deposit area. These targets are slated for drilling in the second and third quarters of the year, with the company currently finalizing its plans for these activities. In addition to advancing exploration efforts, the company intends to further refine the 3D geological model with new results as assays from over 30 holes from its Phase 1 drill program become available. This iterative approach underscores Abitibi Metals Corp's commitment to leveraging cutting-edge geological modeling techniques to maximize the value of its exploration assets. As Abitibi Metals Corp continues to execute its exploration strategy at the B26 Polymetallic Deposit, investors can anticipate further updates on drilling progress, assay results, and the ongoing refinement of the geological model. With a clear focus on unlocking the full potential of its mineral assets, the company remains well-positioned to drive value for shareholders in the dynamic resource exploration sector. Stay tuned for further developments as Abitibi Metals Corp advances its exploration efforts in Quebec. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 19, 2024 08:00 AM Eastern Daylight Time

Video
Article thumbnail News Release

David LaValle Discusses Grayscale’s Future of Finance ETF and Bitcoin’s Evolving Role

HANetf

Global Head of ETF for Grayscale David LaValle joined Steve Darling from Proactive to discuss the performance and achievements of the Grayscale Future of Finance ETF (GFOF) in recent months. LaValle provided insights into GFOF's performance, which has seen approximately an 8% increase over the past month, surpassing benchmarks such as the S&P 500 and NASDAQ 100. He attributed this success to the strategic positioning of GFOF, likening it to investing in internet infrastructure in 1998. LaValle emphasized that GFOF focuses on digital assets' infrastructure, despite uncertainties surrounding specific winners in the space. Holdings in companies like Coinbase and other mining companies have contributed significantly to GFOF's performance. He underscored the importance of recent developments in the digital asset space, such as the introduction of Bitcoin ETFs in the U.S. and the uplisting of Grayscale Bitcoin Trust, which have expanded discussions with financial professionals and wealth managers about integrating digital assets into portfolios. Addressing the evolving perception of Bitcoin, LaValle noted its recognition as a volatile yet increasingly accepted asset class. He discussed Bitcoin's potential roles in investment portfolios, ranging from being viewed as a disruptive technology to serving as a digital store of value, akin to digital gold or exposure to high-growth tech. Overall, LaValle expressed optimism about the future of GFOF and digital assets in general, highlighting their potential to play a significant role in diversified investment portfolios. As Grayscale continues to navigate the dynamic landscape of digital assets, investors can anticipate further innovations and opportunities for growth in the future. Stay tuned for more updates as Grayscale continues to lead the way in the digital asset investment space. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

April 19, 2024 08:00 AM Eastern Daylight Time

Video
Article thumbnail News Release

Diamond Lake Minerals and BOXABL Revolutionize Real Estate with Modular Housing Collaboration

Diamond Lake Minerals Inc

Diamond Lake Minerals CEO Brian J. Esposito joined Steve Darling from Proactive to unveil the company's long-term real estate vision and its collaboration with modular home building company BOXABL, Inc. Esposito shed light on BOXABL's impressive journey since its inception in 2017 by the father-son duo Paolo and Galiano Tiramani. BOXABL embarked on research and development, testing, and exploration of alternative building materials and methods conducive to automotive-style mass production of houses. In 2021, BOXABL secured a federal contract exceeding $9 million to construct and deliver 156 Casitas for a military base, alongside the inauguration of its 170,000-square-foot manufacturing facility in Las Vegas, NV. These facilities marked a significant milestone, enabling BOXABL to commence low-volume production and validate the concept, paving the way for the world's most advanced assembly line mass production of housing. Esposito informed Proactive that DLMI's announcement and partnership with BOXABL mark a pivotal moment in expanding the use case of BOXABL technology. Together, they aim to identify, design, and develop aesthetically pleasing communities known as Boxabl Villages. The objective is to streamline the construction process and shorten timelines from groundbreaking to residents taking possession of their new homes. Leveraging DLMI's leadership and forward-thinking approach to finance through security tokens, alongside traditional means, opens up additional unique opportunities for these villages to flourish and expand. As DLMI and Boxabl embark on this collaborative journey, investors can anticipate innovative solutions and transformative advancements in the real estate sector. Stay tuned for further updates as DLMI and BOXABL continue to redefine the future of housing and community development. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

April 19, 2024 08:00 AM Eastern Daylight Time

Video
Article thumbnail News Release

Should Canadians Invest in Bitcoin in 2024?

Bitget

"Should an investor buy Bitcoin?" This question gains even more significance as we approach the Bitcoin halving, a key catalyst event that traditionally impacts the cryptocurrency's price and market dynamics profoundly. With recent approvals of US spot BTC ETFs and a significant influx of institutional money, the stage is set for potentially lucrative returns in the Bitcoin market. As Canada continues to make significant strides in the global cryptocurrency market, the anticipated Bitcoin halving event poses a new opportunity for Canadian investors. The Case for Bitcoin Investment in Canada Canada's progressive stance on cryptocurrency regulation and its early adoption of Bitcoin and Ether ETFs have distinguished it as a leader in the cryptocurrency sphere. These developments provide Canadian investors with safer and more accessible investment opportunities: Widespread Adoption: Currently, 18% of Canadians own some form of cryptocurrency, signaling a broad acceptance of these digital assets within the country. Dominance in ETFs: Canada was one of the first nations to introduce spot Bitcoin and Ether ETFs. Today, Canadian spot crypto ETFs hold a substantial 46% of the global market share, managing $2.79 billion in assets. Currently, 18% of Canadians own some form of cryptocurrency, with Bitcoin being the predominant choice. Given this statistic, I think you could argue that yes, Canadians should consider Bitcoin as a potential investment avenue. Let’s delve deeper into the halving process and explore why Bitcoin remains an excellent investment for 2024 and beyond… Understanding the Bitcoin Halving The Bitcoin halving reduces the reward for mining new blocks by half and happens every four years, with this cycle estimated to occur on April 20th 2024. This constricts the supply of new Bitcoins and typically drives up the price due to the supply-demand economics. Historical data illustrate significant price surges post-halving: November 2012 Halving: Price soared from around $12 to over $1,000 within a year. July 2016 Halving: Gradual rise from $650 to roughly $2,500, peaking near $20,000 by December 2017. May 2020 Halving: Price climbed from about $8,000 to nearly $64,000 by April 2021. These trends suggest a bullish outlook post-2024 halving, however, several new variables could shape this cycle differently. Ryan Lee, Chief analyst at Bitget shared his thoughts on the impending halving: ‘ Based on our analysis, Bitcoin could potentially reach between $100,000 - $110,000. At current rates, factoring in rising institutional demand, easier retail access, and diminished miner sell pressure, it’s possible that Bitcoin could even surpass current price predictions. That being said, Bitcoin is an unpredictable asset and remains susceptible to macro forces including global economic inflation and stock market performance. As it stands, Bitcoin is on course to reach $100K by the end of 2024. If it can pass that psychological threshold and continues to show strength, there’s no reason why it can’t continue to outperform other assets in 2025 and all the way through to the next halving.’ Factors Influencing the 2024 Halving Cycle 1. Institutional Adoption Increased institutional investment can bring more stability and reduce volatility in Bitcoin prices, as institutions are likely to hold long-term positions, absorbing some of the price fluctuations and supporting a gradual price increase. 2. Regulatory Environment Regulations play a crucial role in cryptocurrency adoption. Positive developments, such as the approval of Bitcoin spot ETFs in various countries, have made Bitcoin more accessible and could lead to increased demand. 3. Technological Developments Advances in blockchain technology and the introduction of new financial products that enhance Bitcoin's utility could attract more users and investors, further driving up the price. 4. Economic Conditions Bitcoin is often considered a 'digital gold' and a hedge against inflation. With current global financial instability, Bitcoin could see heightened demand as a safe-haven asset. Institutional Impact on Bitcoin's Valuation Post-2024 Halving The entry of more institutional investors is expected to increase Bitcoin's market capitalization and liquidity. Institutions not only bring in large volumes of capital but their long-term investment horizons decrease the available supply, putting upward pressure on prices. This dynamic is likely to be exacerbated by the reduced supply following the halving. Market Conditions and Future Growth Potential Although the market is currently experiencing high prices and investor enthusiasm, several indicators suggest there is room for growth: Market Greed Index: Excessive optimism might indicate an overheated market, but balanced sentiment could mean sustained growth potential. Market Volatility: The VIX and other volatility indices can help gauge market stability. A decrease in volatility usually indicates a stable market which could be conducive for growth post-halving. Conclusion: Is Buying Bitcoin Pre-2024 Halving Wise? Given the historical price surges following previous halvings, the anticipated reduction in Bitcoin supply, and the increasing institutional interest, a bullish outlook is reasonable. The potential for high returns post-2024 halving, combined with technological and regulatory advancements, makes Bitcoin an attractive investment opportunity. Investors should consider these dynamics but remain aware of the inherent volatility and risks. Monitoring market indicators and staying informed on global economic conditions will be crucial. As always, a diversified investment approach is recommended to mitigate risks associated with the volatility of Bitcoin. In summary, buying Bitcoin in anticipation of the 2024 halving presents a promising opportunity, supported by both historical trends and emerging market dynamics. Investors are advised to conduct thorough due diligence and consider their long-term investment strategies in alignment with ongoing developments in the Bitcoin ecosystem. Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Contact Details Sylvia Huang +971 52 892 2724 media@bitget.com

April 19, 2024 07:34 AM Eastern Daylight Time

Article thumbnail News Release

SMC Announces Marketing Agreement with Plato Technologies. Inc.

SMC Entertainment, Inc.

BOCA RATON, FL / Plato / Amplifi / April 19,2024 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK: SMCE) SMC / ( PINK:SMCE ) is pleased to announce a marketing agreement and collaboration with Plato Technologies Inc. Plato Technologies specializes in AI content disruption and AI management systems. The collaboration will enable the Company to market Plato's platform directly to web and content development teams. The companies have agreed on a revenue sharing agreement after deducting individual client acquisition costs. "This is just the beginning." stated Erik Blum CEO of SMC, “We are very excited to be engaged with Plato to further our development and building of our internal AI foundation. The success of any ML/ AI program is data points and content management. Plato excels at both management of those data points and providing a cohesive platform to execute on. We believe we can successfully market their platform and in turn gain valuable access to its archived content. Content is key in assimilating market data. We want to utilize that content in our market driven machine learning program for trading. The synergies are huge and provide us an accelerated platform to execute on our business plan". “Since our inception, we are continuously setting a new standard on what Generative AI and Generative Intelligence represents to the capital markets. Our network allows us to authentically connect the communities our data and content represents to the verticals we support. This partnership represents a best of class opportunity to leverage our technology across SMC’s growing ecosystem” Bryan Feinberg, Plato’s CEO and Founder commented. About Plato Technologies Inc. Plato is an Ai powered content and syndication network that curates the latest in data intelligence across today's most innovative market verticals. The platform is designed to provide an ultra-safe and secure environment to consume sector specific real-time data intelligence across 45 Market Verticals and 35 Languages. Plato's in-house syndication network currently syndicates content to over 1900+ Publisher websites for deep and authentic connectivity to the communities. For Information on Plato, visit https://platodata.network / https://zephyrnet.com About SMC Entertainment, Inc. SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. For more information on SMC, visit www.smceinc.com. Press Release Contact: Erik Blum Chief Executive Officer SMC Entertainment, Inc. Ron Hughes Chief Operations Officer SMC Entertainment, Inc. ron.hughes.operations@gmail.com 360-820-5973 Safe Harbor Statement Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages. SOURCE: SMC Entertainment, Inc. Contact Details Ron Hughes, Chief Operations Officer ron.hughes.operations@gmail.com

April 19, 2024 07:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

4/20 Cannabis Stocks: Key Players in the Growing Market

RWGI, BCAN, CURLF, CRLBF

For those seeking a promising investment opportunity in the cannabis market, Rodedawg International Industries, Inc. (OTC: RWGI) 's progress on its 2024 roadmap is a compelling proposition. The company's strategic approach, coupled with regular updates on its growth and milestones, points to the potential for expansion in the emerging cannabis industry. As 4/20 approaches, it's a perfect time to check in on cannabis stocks. After years of stagnation, the sector is experiencing a resurgence, thanks to several encouraging factors that have pushed it higher in recent weeks. For starters, the growing support for legalization among Americans—now at about 88%, according to Pew Research—could make cannabis a key topic in the upcoming U.S. elections. Candidates who support legalization may see a boost in their ratings, which could drive the market even further. Florida is one state that may soon legalize adult-use cannabis. The Florida Supreme Court has proposed Amendment 3, which, if approved, could take effect in May 2025. There's also speculation about potential cannabis rescheduling by the DEA before the November election, which could further impact the sector. With all these factors at play, cannabis stocks could see even higher highs. Let's take a look at four potential players in the sector! Curaleaf Holdings, Inc. (OTCQX: CURLF) is a leading international cannabis provider, offering quality and reliability in the industry. Known for its brands Curaleaf, Select, and Grassroots, the company serves both medical and adult-use markets. In the U.S., it operates in 17 states with 145 dispensaries and employs over 5,600 people worldwide. Curaleaf International is the largest vertically integrated cannabis company in Europe, combining pioneering research with advanced cultivation and production. In the fourth quarter of 2023, Curaleaf reported record revenue of $345.3 million, a 4% increase from the previous quarter. Adjusted gross margin was 46%, with adjusted EBITDA of $83 million, representing 24% of sales. Full-year revenue reached $1.35 billion, up 6% from 2022. Despite facing a net loss of $281.2 million for the year, Curaleaf's gross profit and EBITDA margins show strong potential for growth. Operational highlights include significant expansions in states like Florida and New York and an uplisting to the Toronto Stock Exchange in December 2023. Curaleaf also launched new products such as Briq vapes and Zero Proof drinkables. In major news, Curaleaf announced the acquisition of Northern Green Canada, a Canadian cannabis producer with EU-GMP certification. This deal solidifies Curaleaf's position in the European market and expands its presence in North America, Europe, and Australasia. The acquisition will provide high-quality, indoor-grown cannabis to meet growing demand, particularly in Germany. Curaleaf's recent achievements and strategic expansions demonstrate its commitment to enhancing its global presence and solidifying its role as a key player in the cannabis industry. The company will report its Q1 2024 results on May 9, 2024. Cresco Labs, Inc. (OTCQX: CRLBF) is a leading cannabis company with a strong focus on building national brands and providing a consumer-centered retail experience. The company operates under the Sunnyside dispensary brand and is known for its commitment to quality, safety, and community engagement. Cresco Labs has a portfolio of brands such as Cresco, High Supply, FloraCal, Good News, Wonder Wellness Co., Mindys, and Remedi. These brands offer a variety of products, including flowers, vapes, concentrates, topicals, edibles, and tinctures. The company recently announced the promotion of Greg Butler to president, recognizing his contributions to Cresco Labs and his ability to lead the company into the future. Butler will oversee all aspects of the company's operations, including production, retail, marketing, sales, corporate planning, and investor relations. Cresco Labs' strategic focus on core markets has led to continued growth, as evidenced by the opening of new Sunnyside dispensaries, including a recent one in Gettysburg, Pennsylvania. The company holds the number one market share position in Illinois, Pennsylvania, and Massachusetts. Cresco Labs' financial performance demonstrates its progress and efficiency in the cannabis industry. In the fourth quarter of 2023, the company reported revenue of $188 million, adjusted gross profit of $100 million, and adjusted EBITDA of $55 million. For the full year of 2023, Cresco Labs reported revenue of $771 million and adjusted EBITDA of $174 million. The company's focus on cost management, margin expansion, and profitability has resulted in significant improvements in its financials. Cresco Labs continues to prioritize its core strategy while positioning itself for future growth opportunities in the cannabis industry. Investors looking for growing companies in the cannabis segment may find Cresco Labs to be an attractive option, given its strong market position, robust portfolio, and dedication to responsible industry practices. BYND Cannasoft Enterprises Inc. (NNASDAQ: BCAN) is an Israeli-based integrated software and cannabis company focused on the women's health and wellness market. Leveraging its experience in customer relationship management (CRM) software, BYND Cannasoft is developing innovative platforms for the medical cannabis industry and wellness technologies tailored for women's health. The company reported a challenging financial year ending December 31, 2023, with revenue down 4% year-over-year to $1,076,861 and a drastic increase in net loss to $18,495,121, primarily due to impairments. BYND Cannasoft faces significant hurdles as it navigates changes in its core activities in Israel, in addition to the difficult war in Gaza, which affected operations. To address these challenges, BYND Cannasoft announced the pricing of a $7 million underwritten public offering in March 2024 and a 1-for-190 reverse stock split. These actions aimed to consolidate the share structure and raise funds for further development. The company's focus on the Fem-Tech market presents an opportunity in a sector expected to grow to $139.51 billion by 2031. BYND Cannasoft is using its Smart Delivery System (SDS) to create innovative products for women's sports, hair, and cosmetics sectors. These include smart cosmetic face devices, hair growth brushes, and muscle pain relief regulators. The company also plans to capitalize on the growing CBD market, expected to reach $36 billion within a decade. In partnership with Foria, BYND Cannasoft aims to offer CBD-based products for personal care and wellness. While the company has potential in emerging markets, it faces challenges such as stiff competition and regulatory hurdles. Its success will hinge on its ability to navigate these obstacles and achieve sustained profitability. Investors should closely watch BYND Cannasoft's progress in product development and market penetration for long-term potential. Rodedawg International Industries, Inc. (OTC: RWGI) is a company focused on the regulated California cannabis market, engaging in various sectors such as cultivation, distribution, manufacturing, and retail dispensaries. Through its wholly owned subsidiary, Parabola Mgmt. LLC, Rodedawg has expanded its operations and strategically acquired licenses to solidify its market presence. In January 2024, RWGI made significant strides toward growth by acquiring a new California cannabis distributor license in Coachella, California. This achievement aligns with the company's roadmap and first-quarter milestones, showcasing RWGI's commitment to rapidly growing its cannabis license portfolio. This strategic move aims to increase the company's revenue streams and pave the way toward its ambitious goal of $7 million in annual revenue. RWGI has also accelerated sales of hemp and cannabis-derived isolates. In the previous quarter, the company invested over six figures in a manufacturing facility for the extraction of cannabis-derived isolates from hemp. This significant investment has enabled RWGI to reach 65% production capacity, contributing to rapid revenue growth and establishing the company as a leader in the global cannabis market. The company's latest updates from April 16, 2024, highlight RWGI 's diverse enterprise, which includes the following areas of focus: Costa Mesa License: The company operates under a Costa Mesa license for manufacturing, distribution, and off-site delivery. Coachella Facility: RWGI procures hemp-derived isolates both for itself and as a service for other producers. Proprietary Brands: RWGI owns proprietary cannabis retail brands, such as Brother Buds and Tree Moguls. Elixicure: RWGI produces a proprietary and trademarked topical pain relief roll-on and spray. Furthermore, RWGI has initiated the cancellation of over 100 million outstanding shares, which could enhance shareholder value and reflect the company's focus on revenue growth. This decision complements the consistent progress the company has shown in its operations and revenue generation. RWGI 's financial statements reveal a remarkable increase in revenues, which rose from $30,000 in December 2022 to $103,868 in December 2023. This substantial growth indicates operational efficacy and a strong upward trajectory, which is crucial for potential investors. For those seeking a promising investment opportunity in the cannabis market, Rodedawg International Industries, Inc.'s (OTC: RWGI) progress on its 2024 roadmap is a compelling proposition. The company's strategic approach, coupled with regular updates on its growth and milestones, points to the potential for expansion in the emerging cannabis industry. Disclaimers:CapitalGainsReport (CGR) is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. CapitalGainsReport (CGR) has been retained by Awareness Consulting to assist in the production and distribution of content related to JEWL. 'CGR' is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by CapitalGainsReport or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR is not a fiduciary by virtue of any persons use of or access to this content. Contact Details CapitalGainsReport Mark McKelvie +1 585-301-7700 Markrmckelvie@gmail.com Company Website http://razorpitch.com

April 19, 2024 05:00 AM Eastern Daylight Time

Article thumbnail News Release

Challenger Energy secures £1.5m strategic investment from Charleston Energy Partners

Challenger Energy Group PLC

Challenger Energy Group PLC CEO Eytan Uliel joins Proactive's Stephen Gunnion with details of a £1.5 million strategic investment from Charleston Energy Partners, a New York-based fund connected to a family office since 2005 and involved in energy investments since 2016. Uliel highlighted Charleston's understanding of Challenger Energy’s operations and strategy. The funds are intended to support immediate working capital needs and enable progress on a new block in Uruguay, even before a major deal with Chevron is finalized. This Chevron partnership, pending approval by Uruguayan regulators, promises a £12.5 million influx that will sustain Challenger Energy’s operations for an extended period. Uliel said Charleston Energy’s contribution extends beyond financial investment; it brings industry-specific knowledge and a commitment as long-term investors. Additionally, Robert Bose, Managing Member of Charleston and CEO of Sintana—another energy company with significant holdings in Namibia—will join Challenger Energy’s board, adding valuable expertise. The financial move is structured as a convertible loan which will convert into an approximately 8.5% shareholding for Charleston following a share consolidation. Upcoming milestones for investors include the completion of the Charleston transaction and the commencement of work with Chevron, both expected to significantly advance Challenger Energy’s asset development. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 19, 2024 03:00 AM Eastern Daylight Time

Video
Article thumbnail News Release

i3 Energy CEO Majid Shafiq says strategic royalty asset sale boosts financial metrics

i3 Energy PLC

i3 Energy PLC chief executive Majid Shafiq tells Proactive's Stephen Gunnioin the sale of a portion of the company's royalty assets significantly enhances the company's financial metrics. These assets, described as non-core, consisted of 388 barrels per day of oil equivalent, generating a forecasted $3.6 million in cash flow annually. Despite their low production and cash flow impact, they fetched $25 million. Shafiq highlighted that this sale accelerates value realization, effectively trading less than 2% of last year's production for about 14% of the company's market cap. The transaction has zeroed i3 Energy's net debt and created a working capital surplus, enabling access to a fully undrawn $75 million Canadian debt facility. The proceeds are earmarked for business growth in Canada, potentially through drilling high-return oil and gas wells or pursuing mergers and acquisitions. This aligns with i3 Energy's strategy of maximizing shareholder value through tactical asset management and sensible acquisition and divestment. The company retained its royalty position in the strategically valuable Montney position at Simonette, anticipating substantial future gains from its high-potential oil wells. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 19, 2024 03:00 AM Eastern Daylight Time

Video
12345 ... 3500