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Excellon Resources Reports Promising Results from Kilgore Project Drilling in Idaho

Excellon Resources Inc

Excellon Resources CEO Shawn Howarth joined Steve Darling from Proactive to discuss the latest drilling outcomes from the exploration program at the Kilgore Project in Idaho, which is entirely owned by Excellon. The exploration comprised six diamond drill holes, spanning a total of 2,145 meters, with oriented cores and detailed sampling aimed at enhancing the structural understanding and potential of high-grade mineralization. Howarth reported that the drilling has successfully confirmed mineralization in a previously under drilled area of Kilgore, with grade intervals consistent with the current Mineral Resource Estimate cut-off. This suggests a potential extension of the mineralization southwest of the known deposit. Notable results included a yield of 1.37 grams per tonne of gold (g/t Au) over 81.21 meters in drill hole EX22KG004, which included higher concentrations of 2.77 g/t Au over 15.64 meters and 5.28 g/t Au over 5.54 meters, confirming significant high-grade mineralization in the Aspen sediments. Additionally, drill hole EX22KG005 showed 0.53 g/t Au over 56.24 meters, including 2.91 g/t Au over 1.45 meters, effectively testing the extension of the existing mineralized envelope to the southwest. This valuable data will contribute to a better understanding of grade contouring and will be instrumental in future resource modeling and exploratory drilling programs. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 08, 2024 03:32 PM Eastern Daylight Time

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Electric Royalties looks for sustained growth in 2024 after closing large royalty acquisition

Electric Royalties Ltd

Electric Royalties CEO Brendan Yurik joined Steve Darling from Proactive to share details the company has announced the successful closure of the company's previously disclosed transaction to acquire a comprehensive portfolio comprising 18 royalty agreements and 32 lithium properties situated in Ontario. Yurik elaborated on the portfolio's composition, highlighting its inclusion of 18 royalties and 32 lithium properties. Notably, 31 of the 32 properties are presently under exploration by third parties pursuant to option agreements. Subject to the fulfillment of option payments over the next two and a half years and the exercise of options, each property would transition into royalty interests for Electric Royalties. The company would retain ownership of any properties not transferred to optionees, with the flexibility to re-option, sell, or relinquish such properties. These properties encompass promising land situated on geological trends similar to, and surrounding, significant lithium discoveries in Ontario. Moreover, six out of 24 developed lithium prospects in Ontario with documented reserves or resources are proximate to these properties. Electric Royalties' acquisition underscores its strategic positioning within the burgeoning lithium sector, capitalizing on the potential of Ontario's lithium resources and reinforcing its commitment to expanding its royalty portfolio in key mining jurisdictions. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 08, 2024 02:55 PM Eastern Daylight Time

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Condor Resources Reappoints Dr. Quinton Hennigh to Board of Directors Amidst Continued Growth

Condor Resources Inc

Condor Resources CEO Chris Buncic joined Steve Darling from Proactive to announce the reappointment of Dr. Quinton Hennigh to the company’s board of directors. Dr. Hennigh, who has previously served on the board in 2021, brings over 30 years of experience as a globally renowned exploration geologist specializing in precious metals. Buncic highlighted Dr. Hennigh’s extensive background, which began after earning his PhD in Geology/Geochemistry from the Colorado School of Mines. His career includes significant roles at major gold mining firms such as Homestake Mining (now part of Barrick Gold Corp.), Newcrest Mining, and Newmont Corp. Dr. Hennigh is also the founder of Novo Resources Corp, where he currently serves as co-Chairman, and is the CEO of San Cristobal Mining, a private silver mining company. Dr. Hennigh has been instrumental in several major global mining discoveries, including First Mining Gold's Springpole gold deposit in Ontario, Kirkland Lake Gold's Fosterville mine in Australia, Rattlesnake Hills in Wyoming, and Lion One's Tuvatu project in Fiji, among others. His deep understanding of the sector and his previous involvement with Condor Resources make him a valuable asset to the board. Buncic also noted that Dr. Hennigh is familiar with the Pucamayo Project and has continuously monitored the company's progress, suggesting a strong alignment with the company's strategic goals and future initiatives. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 08, 2024 02:53 PM Eastern Daylight Time

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First Phosphate Corp Partners with Rapid Building Systems to Develop Manufacturing Plant in Quebec

First Phosphate Corp

First Phosphate Corp CEO John Passalacqua joined Steve Darling from Proactive to announce that the company has signed a partially binding letter of intent with Rapid Building Systems of Australia. This agreement marks the initial steps toward establishing a Rapidwall Manufacturing Plant in the Saguenay-Lac-St-Jean Region of Quebec. Once the terms are finalized, First Phosphate will obtain exclusive sales and marketing rights in Canada for RBS's Rapidwall and Rapidseal products. Passalacqua highlighted the strategic benefits of the Rapidwall Manufacturing System, explaining that it will enable First Phosphate to convert clean phosphogypsum, a byproduct from their upcoming purified phosphoric acid plant, into building panels. These panels are intended to support housing projects, particularly in rural and indigenous communities across North America. Rapidwall consists of prefabricated load-bearing wall panels, crafted through a moulding process that incorporates glass-fibre reinforced, water-resistant gypsum plaster. This makes them suitable for a wide range of applications, from single-family homes to multi-storey residential, commercial, and industrial developments. This initiative not only aims to enhance housing solutions but also underscores First Phosphate’s commitment to sustainable building practices. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

May 08, 2024 02:51 PM Eastern Daylight Time

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Cloud DX secures 4th Provincial Health contract for remote patient monitoring

Cloud DX

Robert Kaul, CEO of Cloud DX, discussed with Steve Darling from Proactive the new Remote Patient Monitoring Agreement for Cloud DX RPM Services, which has been secured with a Canadian Provincial Health Authority. This agreement expands Cloud DX's provision of Connected Health remote patient monitoring products and services across Canada, now including contracts with Alberta, Yukon, Prince Edward Island, and a Master Services Agreement with Mohawk Medbuy—the country's largest hospital procurement agency. Kaul shared with Proactive that the contract spans 36 months and includes options for two 12-month extensions. Each subscription under these contracts is projected to average $1,520 CAD annually, covering the costs associated with the Connected Health Kit, which includes patient-prescribed hardware, software, and connectivity solutions. Over the four months leading up to April 30, 2024, Cloud DX has announced a significant growth milestone, securing 26 new contracts. These agreements span across hospitals, paramedic services, U.S. clinics, and include two Canadian provinces, marking a significant inflection point in the company’s expansion and presence in the healthcare industry. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 08, 2024 02:48 PM Eastern Daylight Time

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Tribe Property Technologies sees record revenue as company posts 4th quarter and year end results

Tribe Property Technologies

Tribe Property Technologies CEO Joseph Nakhla joined Steve Darling from Proactive to announce the company's financial results for the fiscal year and fourth quarter ended December 31, 2023. Nakhla began by highlighting the company's revenue growth, with total revenue reaching $19.39 million, marking an 8.8% increase compared to the previous fiscal year. This growth was attributed to various factors, including an expansion in software and service fees driven by an increased number of properties on the Tribe platform, higher financial services revenue associated with banking partnerships, software licensing fees, and the acquisition of Meritus. Additionally, Nakhla noted a significant improvement in gross profit, which amounted to $6.63 million for fiscal 2023 compared to $5.75 million in the previous year. This increase in gross profit and gross profit percentage was attributed to the addition of service contracts through organic growth, acquisitions, and restructuring efforts. Adjusted EBITDA for fiscal 2023 showed improvement as well, with an outflow of $6.56 million, representing a 19.8% improvement compared to the previous fiscal year. This improvement was driven by increased revenue and cost-cutting initiatives. Looking ahead to 2024, Nakhla expressed optimism about the company's prospects for improved revenue growth, profitability, and expanding margins. Tribe aims to achieve this through various strategies, including increasing monthly recurring revenue by securing new property management agreements, onboarding more communities onto the Tribe platform, winning new software licensing agreements, and boosting digital services revenue. The company also has a robust pipeline of profitable acquisition opportunities. Furthermore, Tribe remains committed to investing in its software platform and adding functionality to its suite of products to maintain its industry leadership position and continue providing innovative solutions to its clients. With its strong financial performance and strategic initiatives in place, Tribe Property Technologies is well-positioned to capitalize on growth opportunities in the property management sector and drive value for its shareholders. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 08, 2024 02:45 PM Eastern Daylight Time

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News Release

Bitfinex Pay and Awepay for Enterprise Payments Collaboration

AWEpay

Awepay.io, a digital payments technology provider known for its early pioneership of financial technologies for mainstream and alternative merchant segments for South East Asia has been welcome as the latest enterprise member for Bitfinex Pay, an emergent payment gateway that enables users to pay online for goods and services using a variety of cryptocurrencies popular today. The agreement, formalized on 8th April 2024, sees Awepay.io playing a catalytic role in accelerating the mainstream retail adoption of the most used cryptocurrencies such as, but not limited to Bitcoin, Lightning, Ethereum and Tether stablecoins as a form of payment for products and services offered by both online and physical merchants. “Inclusivity is key to progress. Awepay.io, through the early days of fintech, has worked tirelessly to develop payment solutions that empower the unbanked and underbanked across the globe to make and accept payments without geographical borders. This collaboration comes at a strategic time with traditional online payments becoming the norm, and cryptocurrency acceptance becoming more mainstream. Hence, the market is ready to embrace cryptocurrencies,” commented K.C. Seow, the CEO. Awepay.io will play the essential role of onboarding merchants to accept cryptocurrency payments for their products and services by integrating the Bitfinex Pay API into their e-commerce checkout methods, or to Point Of Sale (POS) systems used by physical retail merchants. Seow explains, “This is a welcome challenge – it goes beyond conversion of our existing merchant database. At this time, the majority of ‘click’ and ‘brick’ merchants both still need extensive education, training and support to fully reap the benefits of this new payment method. This same familiarization needs to extend to their customers and employees, so our first goal is to do this fast, widely and effectively while providing resource-efficiency to all stakeholders.” Awepay.io, armed with its own software capabilities, will also play a key role in acquiring invaluable merchant and user feedback to help Bitfinex Pay improve the crypto payment system, features and user experience moving forward. Those looking to accept cryptocurrency payments for their business can visit www.awepay.io for more information About AWEpay AWEpay is more than just a payment gateway solution; it is a partner in the journey towards excellence. With years of expertise in the payment processing industry, AWEpay is supported by an extensive international network, strong business acumen, innovative spirit, and industry foresight. Collaborating with AWEpay means gaining a partner dedicated to success and growth. Contact Details Awetech Sdn Bhd K.C. Seow cs@awepay.com

May 08, 2024 02:10 PM Eastern Daylight Time

SMC Announces LOI to Acquire Chaintrade LTD.

SMC Entertainment, Inc.

Boca Raton, Florida, May 8, 2024 - (PlatoAI via 500NewsWire) -- SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC: SMCE), an incubator company focused on acquisition and support of commercialized financial services and technology (Fintech) companies, is excited to announce they have signed an LOI to acquire Chaintrade LTD, an AI Fintech company. Chaintrade has developed an AI Powered Asset Trading Platform that allows users to trade any Equity, ETF, Commodity, and Index with the support of a personalized AI Powered trading assistant SMC has agreed to acquire the platform and looks forward to completing the necessary due diligence to close this acquisition quickly as the platform is ready for commercial launch. Chaintrade is a joint Venture between Plato Data Intelligence and Redmatter.Capital. and was built to revolutionize trading and investing by leveraging AI's predictive capabilities while improving risk management and asset allocation, ensuring more personalized investment strategies. Chaintrade’s portfolio management utilizes AI to evaluate assets within a portfolio. “We look forward to closing the acquisition of Chaintrade, once completed we will have a fully functioning model to deploy.” quoted Erik Blum, Chairman & CEO of SMC “This acquisition will advance our infrastructure and technology tremendously. SMC can now shift from conception to application and full implementation of our SaaS vision. After closing we plan on re-branding our AI component, as FYNN AI We look forward to introducing FYNN as a new, next generation learning and research AI designed to help you trade smarter. We will continue to update shareholders as things develop.” Prem Couture / Founder of Redmatter Capital: “Our AI analyzes performance, investor sentiment, fair value, and risk factors to provide personal insights enabling informed decisions and optimized portfolio performance. We have spent the last 3 years building our infrastructure around faciliting both OnChain and Offchain transactions in a highly secured environment.” Bryan Feinberg, Founder of Plato Data Intelligence: “As the underlying technologies we are developing continue to evolve, we can play in making AI more accessible to everyone, especially across emerging markets.” About SMC: https://smceinc.com 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. About Chaintrade: https://chaintrade.ai Chaintrade LTD is a UK Registered Entity and is affiliated with Red Matter Capital LTD a registered financial service company, with its subsidiary licensed under a securities trading license granted by the Montenegro Capital Market Authority (CMA) Authorized by the law on capital markets by the government of Montenegro. Press Release Contact Erik Blum CEO SMC Entertainment, Inc. 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. Contact Details SMC Entertainment, Inc. +1 360-820-5973

May 08, 2024 01:52 PM Eastern Daylight Time

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News Release

BioNeutra Global Corporation's Subsidiary BioNeutra North America Inc Signs Agreement with Protein Industries Canada and Partners

BioNeutra Global Corporation

Vancouver, British Columbia – TheNewswire - May 8, 2024 – BioNeutra Global Corporation (“BioNeutra” or the “Company”) (TSXV:BGA ); ( OTC:BGACF) is pleased to announce that it has signed Master Partnership Agreement (“MPA”) through its wholly owned subsidiary BioNeutra North America Inc. (“BNA”) with three partners and Protein Industries Canada (“PIC”). The additional partners on the MPA are Roquette Canada Ltd., Prairie Fava Ltd., and Plant Up Inc. Under this agreement, BNA’s portion of the project is $5.7M and is eligible to receive $2.4M back from PIC under the repayable contribution model of the MPA. Through the MPA, BNA aims to expand its product range by introducing several new products that are derived from pea starch. Pea starch, considered the least valuable byproduct in pea protein production, will be transformed to create innovative and nutritious ingredients. This strategic initiative not only enhances the value of pea starch but also contributes to the overall stability of the plant protein industry. Dr. Jianhua Zhu, President and CEO of BioNeutra commented, “Through this agreement, BNA is taking the next step in its evolution expanding beyond isomaltooligosaccharides with multiple product families. This necessary step will enable BNA to better support its customers as they develop novel healthy products.” Additionally, BNA will investigate the requirements to build a large-scale production facility in Canada that will utilize large quantities of readily available high quality pea starch. BNA will use this new facility to manufacture high quality healthy food ingredients including VitaFiber® IMO and the new products being scaled up under the MPA with PIC. Dr. Zhu added, “A new large-scale facility in Canada will propel BioNeutra to the forefront of value-added food ingredients created from starch. We look forward to working with our partners over the next three years on this project.” About BioNeutra BioNeutra is an award-winning, sector-leading Canadian company in the business of research and development, production, and commercialization of ingredients for nutraceutical, functional and mainstream foods and beverages with a focus on its lead product - VitaFiber® IMO. VitaFiber® IMO is made using a patented process that naturally transforms starch molecules from agricultural crops such as pea or tapioca into healthy, functional molecules. The VitaFiber manufacturing process is based upon a natural enzymatic conversion of the molecules without any chemical modification involved making VitaFiber® IMO a natural food and beverage ingredient. VitaFiber® IMO is also non-GMO, vegan friendly, gluten-free, Kosher and Halal certified and available as certified organic. VitaFiber® IMO has been approved for sale by the world’s top three health regulatory bodies – GRAS approved by the US Food & Drug Administration; the European Food Safety Authority and Health Canada (approved as a novel food ingredient and dietary fiber). VitaFiber® IMO is a naturally sweet, low-calorie alternative to sugar and is a natural source of dietary fiber and prebiotic for human digestive health. It is also helpful with weight management. The Company’s customers include a mix of small and medium businesses as well as a number of high-profile food and beverage manufacturers on four continents. Further information about BioNeutra is available on the Company’s website at www.bioneutra.ca and the SEDAR website at www.sedarplus.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information on BioNeutra, please contact: Dr. Jianhua Zhu President and Chief Executive Officer Tel: (780) 466-1481 (Ext. 132) Email: jianhua.zhu@bioneutra.ca Forward-Looking Information This press release may include forward-looking information within the meaning of Canadian securities legislation concerning the business of BioNeutra. Forward-looking information is based on certain key expectations and assumptions made by the management of BioNeutra. Although BioNeutra believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because BioNeutra can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. BioNeutra disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any applicable securities laws or any state of the United States and may not be offered or sold in the United States or to the account or benefit of a person in the United States absent an exemption from the registration requirements.

May 08, 2024 01:35 PM Eastern Daylight Time

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