News Release
MustGrow Biologics Secures Distribution Agreement for TerraSante in Oregon and Washington State
MustGrow Biologics Corp
MustGrow Biologics Chief Executive Officer Corey Giasson joined Steve Darling from Proactive to reveal the signing of an exclusive distribution agreement with G.S. Long for the distribution of MustGrow's TerraSante biofertility product in Oregon and Washington State. TerraSante, certified organic by the USDA National Organic Program, is designed to enhance soil microbiome health, improve nutrient and water use efficiencies, and boost plant yields. This agreement marks a significant milestone in MustGrow's commercialization strategy, leveraging the expertise and extensive network of G.S. Long to develop and market MustGrow's soil amendment and biofertility technologies, including TerraSante, in the region. G.S. Long Company, a trusted family-owned and operated agricultural chemical and fertilizer retailer headquartered in Central Washington, boasts additional branches across both Washington and Oregon State. With a legacy of generational grower relationships and a team of over 40 state-licensed Crop Advisors, G.S. Long offers comprehensive consulting services to farming customers, covering conventional, IPM, and organic farming practices, pest and disease management, soil and crop nutrition, and regulatory compliance. The agricultural sector in Oregon and Washington State holds significant economic importance, with Oregon recording $5.0 billion USD in agriculture production in 2021 alone, contributing $2.6 billion USD in agriculture exports. Agriculture plays a vital role in the economies of both states, generating substantial gross product and employment opportunities. Through this exclusive distribution partnership, MustGrow Biologics and G.S. Long aim to revolutionize soil fertility and crop production practices in the region, driving sustainable agriculture and economic growth while meeting the evolving needs of farmers and consumers alike. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com
May 02, 2024 02:41 PM Eastern Daylight Time
Video
News Release
Serabi Gold sees double digit increases in gold production as company releases Q1 results
Serabi Gold Plc
Serabi Gold CEO Michael Hodgson joined Steve Darling from Proactive at our OTC studios in New York City to shared updates on the company's first-quarter highlights, showcasing significant improvements and progress in various areas. Serabi Gold reported a Q1-2024 gold production of 9,007 ounces, marking a notable 12.5% increase compared to Q1-2023 and representing the highest quarterly total reported since 2021. The Coringa project contributed 3,871 ounces of gold production at mined grades of 6.39 g/t gold, while the Palito plant processed a record quarterly total of over 54,000 tonnes of ore. Hodgson highlighted the successful arrival of a new ore sorter acquired for the Coringa project in Brazil, which has cleared customs and is en route to the site. The company remains on track for the commissioning of the ore sorter in Q4-2024. Additionally, Serabi Gold has initiated work on an updated Preliminary Economic Study at Coringa, which will incorporate revised geological resources, mineral reserves, and economic analyses outlining the planned use of the classification plant and process at the Palito Complex. Serabi Gold is reiterating its FY2024 consolidated gold production guidance of 38,000 – 40,000 ounces, demonstrating confidence in its operational capabilities and project advancement strategies. These developments underscore Serabi Gold's commitment to delivering value to its stakeholders and maintaining its position as a leading player in the gold mining industry. Contact Details Proactive North America +1 605-699-8158 na-editorial@proactiveinvestors.com
May 02, 2024 02:38 PM Eastern Daylight Time
Video
News Release
Standard Uranium announces financing as company plans drilling at Davidson River
Standard Uranium Ltd
Standard Uranium CEO Jon Bey joined Steve Darling from Proactive to announce the company's decision to proceed with a non-brokered private placement, aiming to raise gross proceeds of up to $3 million. This funding will facilitate the return to drilling activities at the company's flagship Davidson River project, capitalizing on the current strength in the global uranium sector and the increasing importance of uranium as a green energy source. Speaking with Proactive, Bey highlighted the significance of the upcoming drilling campaign, which will focus on the Davidson River project located in the southwestern uranium district of the Athabasca Basin. The 2024 drilling program will build upon previous successes, targeting the most prospective basement structures and alteration zones identified to date. Additionally, new target areas within recently staked claim blocks will be explored, incorporating cutting-edge targeting vectors and machine learning techniques. Standard Uranium is leveraging data-driven machine learning techniques to enhance drill targeting at Davidson River, utilizing anomaly detection, electromagnetic data mapping, and anomaly matching based on known world-class uranium deposits in the area. The application of machine learning extends to the company's internal drilling and geochemical databases, enhancing the efficiency and accuracy of targeting strategies. Furthermore, Bey mentioned the consideration of additional geophysical surveys over high-priority areas to further refine the targeting strategy on the Davidson River project. With over 70 kilometers of graphitic conductors, the project presents significant discovery potential, positioning Standard Uranium for success in its exploration endeavors. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com
May 02, 2024 02:15 PM Eastern Daylight Time
Video
News Release
ARway.ai Strikes Two Major Deals with ImmersLabs and Riyad Bank for Immersive AR Experiences
ARway.ai
ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to unveil two significant partnerships with ImmersLabs and Riyad Bank, marking a significant leap forward in immersive augmented reality (AR) experiences. The collaboration with ImmersLabs entails ARway.ai joining as an ARway Developer to pilot AR maps across three floors of a prestigious museum located in the heart of Washington, D.C. This innovative installation aims to revolutionize navigation within the museum, offering visitors an immersive journey enriched with educational content about the museum's exhibits and architectural updates. Through AR technology, visitors can interact directly with various elements of the exhibits, enhancing their overall museum experience. Additionally, ARway.ai has partnered with Riyad Bank to prototype a cutting-edge navigation experience at their new corporate campus complex in Riyadh, Saudi Arabia. This initiative is designed to deploy across all buildings within the property, providing employees with seamless navigation from parking lots to offices and other facilities within the campus. By leveraging AR technology, Riyad Bank aims to enhance employee productivity and streamline movement within their corporate environment. These partnerships underscore ARway.ai's commitment to leveraging advanced AR solutions to transform navigation experiences across diverse environments, from cultural institutions to corporate campuses. By harnessing the power of AR technology, ARway.ai is pioneering new standards in immersive navigation and user engagement, empowering organizations to unlock the full potential of spatial computing for enhanced experiences and operational efficiency. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com
May 02, 2024 02:12 PM Eastern Daylight Time
Video
News Release
Nextech3D.ai Achieves 80% Gross Profit Milestone, Propelled by AI and Strategic Shift to Hyderabad
Nextech3D.AI
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce the company has reached a significant milestone by achieving an 80% gross profit in Q2, 2024. This remarkable accomplishment marks a 166% increase from the 30% gross profit reported in 2023, showcasing the company's strong growth trajectory. Evan Gappelberg, CEO of Nextech3D.ai, attributes this milestone to the company's strategic investment in AI and its pivot to Hyderabad, India, in Q3, 2023. He expressed confidence in the company's ability to achieve profitability in 2024 by scaling revenue with impressive 80% profit margins while concurrently reducing operating expenses. This reduction in expenses is attributed to the continued investment in the company's patented AI technology, which enhances efficiency and productivity across operations. The strategic shift to Hyderabad, India, aligns perfectly with Nextech3D.ai's commitment to delivering top-tier 3D modeling and augmented reality solutions while maintaining a sharp focus on profitability and fiscal responsibility for its valued shareholders. This move underscores the company's dedication to maximizing shareholder value while capitalizing on emerging market opportunities in the eCommerce and technology sectors. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com
May 02, 2024 02:10 PM Eastern Daylight Time
Video
News Release
Cadiz Inc. CEO Susan Kennedy Shares Evolution and Vision for Water Management Strategies
Cadiz Inc
Cadiz Inc CEO Susan Kennedy joined Steve Darling from Proactive to to discuss the company's remarkable evolution and advancements in water management strategies. Initially established around two decades ago with a focus on leveraging land and water assets for public storage, Cadiz Inc. has since transformed into a prominent player in the global water industry. Today, the company oversees a portfolio of water assets valued at over $5 billion and aims to emerge as the largest water trading bank in the southwestern United States. Central to Cadiz Inc.'s operations is its ownership of a vast aquifer system located in the eastern Mojave Desert. This aquifer, estimated to hold between 30 to 50 million acre feet of water—more than double the capacity of Lake Mead, serves as a crucial but complex water resource, situated hundreds of feet underground. Kennedy underscored the ongoing challenges posed by climate change, particularly the diminishing snowpack, a traditional source of water replenishment. In response, Cadiz Inc. has adapted by acquiring strategic infrastructure such as pipelines and right-of-ways, enabling efficient management and transportation of its substantial water resources. Moreover, the company has successfully navigated through extensive regulatory processes and litigations, positioning itself for significant public partnerships and infrastructure projects. These initiatives are geared towards bolstering water security and addressing the escalating demand for resilient water management solutions in the face of climate variability. Cadiz Inc.'s transformation underscores its commitment to innovative water management practices, aiming to meet the evolving needs of communities while mitigating the impacts of climate change on water resources. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com
May 02, 2024 02:06 PM Eastern Daylight Time
Video
News Release
Atha Energy Prepares for Phase I Diamond Drilling Program at Angilak Project in Nunavut
ATHA Energy Corp
Atha Energy CEO Troy Boisjoli joined Steve Darling from Proactive to announce announced the completion of equipment and supply mobilization to the Angilak project in Nunavut, Canada. The mobilization effort included the delivery of two state-of-the-art X10 Diamond Drills, aimed at enhancing daily meterage production compared to previous drilling campaigns. Scheduled to commence in early June 2024, Atha Energy has finalized a service agreement with Base Diamond Drilling, a renowned operator with extensive experience in Canada's northern regions and uranium-rich Athabasca Basin, to conduct a Phase I diamond drilling program. Angilak, wholly owned by Atha Energy, hosts the Lac 50 uranium deposit, one of the largest high-grade deposits outside of the Athabasca Basin, boasting a historical mineral resource estimate of 43.3 million pounds at an average grade of 0.69% U3O8. The 2024 exploration program at Angilak aims to advance geological understanding and delineate additional mineral resources, building upon the groundwork laid by Latitude Uranium, acquired by Atha Energy in late 2023. Phase I of the program will feature a nearly 10,000-meter diamond drilling campaign targeting the expansion of the Lac 50 Deposit, which remains open in all directions. Phase II will encompass geophysical surveys, including electromagnetic, magnetic, and VLF surveys, alongside ground geochemistry sampling and mapping, further enhancing the project's exploration efforts. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com
May 02, 2024 02:04 PM Eastern Daylight Time
Video
News Release
Toggle3D.ai Welcomes Hareesh Achi as New CEO, Transitioning from Evan Gappelberg
Toggle3D.ai Inc
Toggle3D.ai Chief Executive Officer Hareesh Achi and Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce Toggle3D.ai's latest move involves appointing Hareesh Achi as the new Chief Executive Officer, succeeding Evan Gappelberg, who remains the CEO of parent company NextTech3D.ai. Achi, with a rich background at tech giants like Microsoft and Meta, brings a wealth of experience in large-scale operations, a crucial asset for Toggle3D's ambitions in 3D technologies and AI. Gappelberg expressed confidence in Achi's ability to steer growth and innovation at Toggle3D, citing his deep understanding of the company's operations and technological framework. Achi, in turn, reiterated his dedication to leveraging his expertise to elevate Toggle3D's offerings in the 3D space. He recognized the vast potential for expansion and innovation across industries such as e-commerce and manufacturing. Under Achi's leadership, Toggle3D aims to harness its advanced AI capabilities and user-friendly technologies to secure a prominent position in the market. Gappelberg emphasized the strategic timing of this leadership transition, aimed at enhancing shareholder value during a pivotal growth phase for Toggle3D. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com
May 02, 2024 02:02 PM Eastern Daylight Time
Video
News Release
AI Sports Odds Intelligence Firm Bettormetrics Finds US Sportsbooks Leave Billions in Handle on the Table Due to Poor Suspension Strategies
Bettormetrics
Bettormetrics, an innovative company providing competitive sports odds intelligence and insight to the sports betting industry, reported today through its latest data analysis, that the leading US sportsbooks are potentially losing tens of millions of dollars in revenue due to length of suspension times during live sport contests. According to the findings, FanDuel led the top three sportsbooks in potential revenue lost, leaving an estimated $1.45 billion in handle on the table with an average suspension rate of 15.8% (84.2% uptime) per fixture. DraftKings, although best in class, leaves a potential $249 million in handle with an industry leading suspension rate of 4.8% (95.2% uptime) The analysis was done leveraging NBA betting data for the 2023-2024 season. “While suspension is an inevitable occurrence in sports betting as traders necessarily evaluate the risks surrounding new situations within games, some sportsbooks are more systematically cautious than others. It’s this situational nuance that leads to more sportsbooks looking at risk instead of the potential rewards around improving its average uptime” said Robert Urwin, CEO and co-founder of Bettormetrics. “In looking at our NBA data of the top three US sportsbooks, it’s clear to see the suspension strategies and the risk management perspectives of each book’s trading desks. While FanDuel is potentially losing out on the most revenue, based on its incredible volume, with a few optimizations it can dramatically increase its margins and create distance between itself and DraftKings as the definitive leader in US sportsbook operations.” Suspension is when a sportsbook periodically shuts down betting lines in a sporting event to readjust the odds based on activity within the event (a basket, touchdown, goal, penalty, key injury, etc.). Each sportsbook handles suspension differently and for different periods of time. Depending on the length of time the odds are suspended, sportsbooks are losing the opportunity to accept new bets and can potentially lose active users to other sportsbooks, should odds be shut down for extended periods of time. “Every operator is looking for ways to grow their margins, increase wagering and reduce customer attrition. While many sportsbooks externalize their focus on the cost of user acquisition, suspension can help a sportsbook find new revenue from within by becoming more efficient than their competitors,” said Sabin Brooks, Commercial Director of Bettormetrics. “In the US, market share is gained in very slim percentage points. By understanding and addressing these crucial trading efficiencies, sportsbooks can gain potentially billions in lost revenue. A poor suspension strategy is very bad business for customers and shareholders alike.” Suspension is just one element of overall sportsbook performance. Bettormetrics monitors and analyzes thousands of live in-play sports betting events traded every single week. Observed performance and competitive analysis by Bettormetrics has already helped traders and analysts discover and ameliorate deficiencies that directly impact sportsbook revenues and profitability. About Bettormetrics Bettormetrics is an innovative company providing competitive sports odds intelligence and insight to the sports betting industry. Bettormetrics’s Trading Analytics Platform is a SAAS product supporting sportsbook trading desks with cutting edge insight and analysis on the entire event life cycle, helping sportsbooks, data suppliers and B2B platforms gain an edge on competitors and ensure no profits are left on the table. For more information, please email info@bettormetrics.com or visit Bettormetrics.com. Contact Details Digital Sport by Hot Paper Lantern Bailey Irelan birelan@hotpaperlantern.com Square In The Air Ben Cleminson ben@squareintheair.com Company Website https://bettormetrics.com/
May 02, 2024 12:50 PM Eastern Daylight Time
Image
