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A Milestone in Web3 Governance: STORM Chosen as Legal Counsel for 1inch DAO

STORM Partners

STORM Partners, a leading Web3 solutions provider based in Geneva, has been voted by an overwhelming majority as the legal counsel for 1inch DAO. The decision sets a historic precedent for decentralized autonomous organizations, as it becomes the first time that a DAO has directly hired legal counselling services and delegated its legal representation before third parties. This decision also represents a bridge between the decentralized ethos of a Web3 DAO and the legal and regulatory stability provided by a centralized legal counsel. With STORM Partners’ extensive track record of Web3 client partnerships, this convergence signifies a seamless union of two realms, forming an ideal synergy aligned with the DAO’s objectives. It also marks a significant stride in addressing the multifaceted legal challenges faced by DAOs in today’s evolving landscape, such as regulatory compliance, contractual agreements, governance frameworks, liability protection, intellectual property rights, and defense against external claims The voting was closed on Tuesday night, with an overwhelming 96.46% approval. This is a one-of-a-kind case, as the Swiss company, as legal counsel, proposed the DAO to be engaged and have detailed the characteristics of their mandate. Thus, 1inch DAO has chosen and conferred upon STORM Partners a power of attorney to legally represent it before third parties. “ We are honoured that the 1inch token community has entrusted us as the legal counsel for their DAO. Our team is dedicated to safeguarding their interests with the utmost commitment. This engagement, being 'fully decentralized,’ marks a significant step forward in the journey towards legal recognition of decentralised organizations. It's not just a milestone for us but a testament to the evolving landscape of legal frameworks adapting to innovative governance models,” said Nicola Massella, director of the Legal and Compliance department at STORM Partners. The importance of legal counsel for 1inch DAO cannot be overstated, given the intricate challenges posed by regulatory risks, liability concerns, contractual ambiguities, governance complexities, and the imperative need for legal recognition as a legitimate entity in multiple jurisdictions. We are thrilled to embark on this new chapter with STORM Partners. This partnership not only represents a significant milestone for 1inch Network but also for the broader decentralized finance space. As we navigate the complex regulatory landscape, this collaboration stands as a testament to our dedication to innovation while upholding our core principles. We are enthusiastically looking forward to the future, confident that this union will bolster the robustness and credibility of DeFi, enabling us to continue to expand the horizons of what’s achievable”, added Jordan Reindl, Governance Lead at 1inch. STORM Partners' exclusive focus on Web3, coupled with its tailored approach and experienced legal services, positions it as an ideal collaborator for 1inch DAO. About STORM Partners STORM Partners is a premier all-in-one professional services provider within the dynamic blockchain industry. Its expertise spans the global landscape of Web3, collaborating with a diverse spectrum of businesses and brands – from nimble startups and pre-IDOs to flourishing scale-ups and established global organizations. About 1inch DAO 1inch DAO is a decentralised organization that governs the network parameters, enabling 1INCH holders to vote for key protocol parameters and collect governance rewards. Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes -adrian.bono@storm.partners or telegram @STORMPartners Contact Details STORM Partners Adrian Bono adrian.bono@storm.partners

January 12, 2024 11:27 AM Eastern Standard Time

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Argentina to Boost Bitcoin Price: New Community-Driven Meme Coin Emerges as the Next Big Contender

Meme Moguls

In November 2023, economist Javier Milei became the new President of Argentina. Known as a Bitcoin supporter, Milei will look to adopt Bitcoin over the next year, which could drive up the cryptocurrency’s value. Meanwhile, a new community-driven memecoin is taking the market by storm and is expected to offer returns of up to 100x over the next year. Argentina’s President Looks To Adopt Bitcoin The value of Bitcoin increased to $37,500 shortly after Javier Milei was made president. The economist has spoken positively about Bitcoin and cryptocurrency in the past, and now crypto experts believe that Argentina could boost Bitcoin's price in 2024. However, there’s one drawback: no policy has been outlined to introduce Bitcoin or any other cryptocurrency. While Milei has described Bitcoin as a way to "return money to its original creator," he’s yet to implement any new policies. During his first few months as President, Milei will look to close the Central Bank of Argentina and dollarize the Argentine economy. The reason behind this radical change is Argentina’s issue with inflation. In recent years, Argentina has faced inflation rates of over 100%, making it extremely difficult for people to buy goods. Bitcoin could be a solution to this. Nonetheless, as of January 9th, 2024, no new announcements have been made regarding the introduction of Bitcoin in Argentina. Regardless, Bitcoin is soaring with the potential release of a Bitcoin spot ETF this week. At the time of writing, Bitcoin's daily trading volume had passed $40 billion, and Bitcoin was trading at $46,609. Post ETF release, experts predict that Bitcoins market cap could pass $1 trillion, and BTC could hit a new all-time high. Such growth would trigger a bull run throughout the DeFi market, elevating the value of projects such as Meme Moguls, which is quickly becoming a strong contender in the presale space. Meme Moguls Emerges As A Top Memecoin In 2024 Meme Moguls is pushing P2E DeFi developments with its unique new meme marketplace and ecosystem. The project looks to empower individuals by teaching them now how to invest and build wealth. Its simulated meme marketplace will give investors $100,000 to invest in a virtual stock market. Here, investors can test out new investing strategies, learn about the market, and win real cash prizes and rewards. Players will also have the chance to meet like-minded individuals and compete in tournaments and other games. For investors with more experience, winner-takes-all and buy-in events are available, where investors can win big. Investors looking for a more relaxed experience can play games like “Beat the Market”, where they build a portfolio to try and beat the world's leading index funds. Meme Moguls is currently in stage four of its presale. Its native token, $MGLS, is selling for $0.0027, and almost one billion tokens have already been sold. Investors who buy $MGLS during its presale have the chance to win rewards such as cash prizes and holidays, as well as a $10,000 reward at the end of each presale round. As Meme Moguls continues to build its momentum, experts believe this exciting memecoin will become a big contender in the memecoin space, offering greater utility and potential returns than many of the market's top projects. For more information about the Meme Moguls (MGLS) presale follow the link below: Website: https://mememoguls.com/ Meme Moguls and all cryptocurrencies are subject to significant price fluctuations and volatility. Investing in or holding Meme Moguls tokens carries substantial risks, including the potential for total loss. Past performance should not be considered indicative of future results. Contact Details Meme Moguls contact@mememoguls.com Company Website https://mememoguls.com/

January 12, 2024 11:06 AM Eastern Standard Time

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The Reason Behind Optimism's Price Correction, Are Arbitrum and Everlodge Good Alternatives

Everlodge

In this article, we make sense of the fluctuating prices of Arbitrum, Optimism, and Everlodge, and explore their respective tokens ARB, OP and ELDG. Optimism’s token unlocks bring both good and bad The Optimism token (OP) has been defying the odds and pumping hard despite extreme inflationary pressure over the last year. OP is up 225% this past year and 86% last month, massively outperforming Ethereum. This epic rise has occurred despite OP's circulating supply quadrupling from 214 million tokens at the start of 2022 to over 911 million now. Typically such rapid token unlocking craters a cryptocurrency's value. And a few days after the token unlock we did indeed see a correction in the price, which is currently down 21% since its all-time high 10 days ago. But from a macro perspective, Optimism is still doing very well. Optimism's rise seems tied to scheduled upcoming retroactive airdrops and incentives for new stakeholders spanning governance, partners, and public goods funding. Rather than fearing this inflation, investors appear to be betting on it attracting even more interest and contributors to the ecosystem long-term. Similar network token rallies have already played out for the likes of Avalanche, Arbitrum, Ethereum, Near, and Solana. History shows that the biggest gains often happen among smaller cap coins building on these platforms, such as Everlodge which is building on Ethereum. Arbitrum and Optimism have a lot in common Like Optimism, Arbitrum is another Layer 2 blockchain that utilizes optimistic rollups to scale Ethereum. Both help tackle congestion, high fees, and latency by batching and validating transactions off-chain before settling on Ethereum. These technical similarities have attracted major DeFi apps like Uniswap to deploy across both Arbitrum and Optimism. Just as Optimism endured supply shocks from token unlocks, Arbitrum braces for impact from its own upcoming unlocks. In March 2024, Arbitrum will release over 1.1 billion ARB tokens worth nearly $1 billion - 87% of the circulating supply. This threatens short-term downward price action. Yet over the long term, Arbitrum’s incentives and distribution to key stakeholders echo Optimism’s goal of fortifying its ecosystem to drive adoption. Once selling pressure eases after the unlocks, the outlook remains strong for both Layer 2’s as infrastructure improves and fees remain low compared to Ethereum mainnet. Their ambitious token models weather near-term volatility by ensuring the shared community ownership required for sustainability. However, ARB, like OP has gone up a lot already and may now face volatility due to the continuing unlocks for the next few years. And this is why many investors are turning to smaller cap coins such as Everlodge, to get bigger gains. Everlodge - a bullish new idea without sell pressure As Layer 2s like Arbitrum and Optimism battle their token unlocks and corresponding volatility, Everlodge presents a fresh alternative devoid of such supply shocks. And those bullish on Ethereum can capitalize by buying this smaller cap token, which is still in presale. By minting luxury hotels and villas into property-backed NFTs, Everlodge's novel model allows owning a slice of a vacation property for as little as $100. As asset values appreciate, so too do the linked NFTs. A well-designed marketplace will enable seamless trading of these blockchain properties. Through fractional Real World Asset tokenization, Everlodge will make global real estate investment accessible to anyone. Everlodge overcomes illiquidity and the opacity hindering traditional vacation home investing. And perhaps most importantly, makes it accessible to ordinary investors who don’t have hundreds of thousands of dollars to sink into just one property or asset. Integral to Everlodge's ecosystem is its ELDG token, built on Ethereum. ELDG provides tangible utility which is important for price. Holders will enjoy discounts on property purchases, trading fees, and maintenance costs. Similar to timeshare benefits, ELDG holders even receive complimentary annual stays at Everlodge properties. These can be enjoyed personally or resold at a profit to others. Given that ELDG is on offer at $0.029 and will launch for $0.039, there’s a significant upside throughout the presale alone. When the token goes live on Ethereum and major CEXs and DEXs, the price may rise as much as 3,000%. Visit Everlodge Everlodge provides you with a seamless approach to fractional investing in vacation rentals, eliminating the complexities associated with traditional real estate investment. Our innovative platform revolutionizes the way people invest in second homes. Contact Details Brett admin@everlodge.io Company Website https://everlodge.io/

January 12, 2024 10:43 AM Eastern Standard Time

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Bitget Welcomes Everdome (DOME) to its Growing List of Tokens

Bitget

Bitget, the world's leading cryptocurrency exchange and Web3 company, is thrilled to announce the latest addition to its platform, Everdome (DOME). Everdome, a groundbreaking project with a commitment to redefining virtual reality experiences, is now available for trading on Bitget. Everdome envisions a metaverse where users can explore, create, and interact in an immersive virtual environment. The project is built on cutting-edge technology, as outlined in their detailed white paper. With a focus on providing a seamless blend of reality and virtual worlds, Everdome aims to revolutionize the way we perceive and engage with virtual reality. Gracy Chen, Managing Director of Bitget, expressed, "Everdome aligns with our vision for a diverse and dynamic crypto ecosystem. We're proud to support projects that push the boundaries of innovation, and Everdome is a stellar example. This listing reinforces Bitget's commitment to providing our users with access to cutting-edge tokens and technologies." Users can now trade Everdome (DOME) on Bitget's platform, taking advantage of its user-friendly interface, robust security features, and advanced trading tools. To start trading EDO and exploring the future of virtual reality, visit Bitget. About Bitget 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 Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

January 12, 2024 09:14 AM Eastern Standard Time

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Bitget to List Moon App on Bitget Innovation Zone and Web3 Zone

Bitget

Bitget, the world's leading cryptocurrency exchange and Web3 company, unveils its latest addition to the Bitget Innovation Zone and Web3 Zone - Moon App. This listing marks a significant step in Bitget's commitment to supporting the development of various blockchains and ecosystems while offering users access to cutting-edge projects. Moon App is a revolutionary DeFi trade automation and launchpad platform designed to streamline altcoin trading. This platform empowers users with a suite of tools for easy and flexible trade automation, including advanced trading techniques. With Moon App, users can effortlessly automate complex DeFi models, such as snipe liquidity trading, multi-wallet trading, and maximal extractable value (MEV), among others. Moon App's platform offers DeFi trade automation across various areas, including on-chain limit orders, snipe liquidity trading, multi-wallet trading, copy trading, and maximal extractable value (MEV). The user-friendly mobile interface simplifies the process of configuring trade settings, enabling users to automate their trades effortlessly. In essence, Moon App provides a service similar to trading bots but with distinct advantages. Gracy Chen, Managing Director of Bitget, stated, "Bitget seeks a robust way to support the growth of diverse blockchains and ecosystems. This project demonstrates our commitment to fostering innovation in the AI sector and providing our users with access to cutting-edge initiatives. We aim to create a Spot Market with a diverse selection of high-quality projects." Bitget has consistently expanded its market presence in both spot and derivatives trading within centralized exchanges. The addition of Moon App to the Bitget Innovation Zone and Web3 Zone reinforces Bitget's commitment to providing users with opportunities to invest in popular and valuable projects. In 2023 alone, the platform introduced over 350 new listings, showcasing its dedication to diversifying the digital assets available in its spot market. About Bitget 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 Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

January 12, 2024 09:09 AM Eastern Standard Time

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Bitget Wallet Supports Avalanche Token Quote to Facilitate On-Chain Swap

Bitget

As a world-leading Web3 trading wallet, Bitget Wallet (formerly BitKeep Wallet) has recently added support for tokens on the Avalanche chain on Bitget Swap, the wallet's integrated swap feature. Following this integration, users will be able to view real-time candlestick chart data as well as detailed on-chain transaction information on both their mobile and browser extension wallets. Users will be able to view important metrics such as transaction records, as well as capital and liquidity flow. Further, users can also view leaderboards for tokens on the Avalanche blockchain, gleaming comprehensive insights on the chain's market performance. Bitget Wallet has aggregated over 10 leading trading protocols on Avalanche, including Trader Joe, SushiSwap V2, and 1inch. By building cross-chain bridges and integrating protocols like Swft and Bungee, it supports same-chain and cross-chain transactions for Avalanche mainnet tokens, offering users a fast, convenient, and gas-free on-chain trading experience. Bitget swap currently supports around 30 blockchains and integrates hundreds of popular DEXs and cross-chain bridges. Having pioneered useful trading features such as gas-free transactions and automatic slippage adjustment, users can expect to easily trade any assets on any blockchain and enjoy a hassle-free trading experience. Always at the forefront of industry innovation, Bitget Wallet was the first to introduce on-chain market data functionality. Based on full-chain DEX trading data, it provides candlestick market data and continuously optimizes its technology to enhance the overall user experience. The current intelligent market data feature includes full-chain market overview, allowing users to overview the macro dynamics of the market and hot sectors; a multi-dimensional market rankings, offering data on hot, new, and potential tokens across the chain, as well as price fluctuation and trading lists. It also boasts a new 'Smart Money' feature which identifies and tracks thousands of historically high-performing 'Smart Money' addresses, revealing the trading directions of professional investors and whales. These features enable users to discover new assets and capture trading opportunities in the crypto market earlier, leveraging battle-tested trading strategies to make well-informed trading decisions. About Bitget Wallet (Web3 Trading Wallet) Bitget Wallet, formerly known as BitKeep, stands as Asia's largest and global frontrunner among all-in-one Web3 multi-chain wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, and more. With a 5-year legacy, Bitget Wallet has garnered acclaim from over 15 million users worldwide and has secured partnerships with prominent industry leaders including Bitcoin, Ethereum, TRON, BNB Chain, Solana, Base, and others. This success stems from our commitment to consistently delivering secure and convenient products and services. In March 2023, Bitget, a leading crypto derivatives trading platform made a substantial $30 million investment in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep underwent a transformative and strategic brand evolution in August, officially rebranding itself as Bitget Wallet. For more information, visit: Website | Twitter | Telegram | Discord Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

January 12, 2024 09:04 AM Eastern Standard Time

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Uranium Prices Rose By About 90% In 2023 – Sprott Asset Management CEO Discusses This Rise, The Sector’s Challenges And Its Outlook In New Report

Benzinga

By Austin DeNoce, Benzinga As 2023 drew to a close, the nuclear energy market witnessed a remarkable turnaround, particularly in its primary fuel, uranium. For the past decade, the market had been sidelined, but it appears nuclear energy is experiencing a palpable resurgence, earning its place back in the global energy discussion. While this resurgence was marked by shifting public sentiment and governmental support, it was also underscored by significant developments and challenges in the nuclear sector. Sprott Asset Management, a leader in precious metals and energy transition investments, explored these events in detail in its latest uranium outlook, “ What a Year for Uranium and Nuclear Energy.” Below are the key highlights from the report – especially interesting if this is just the beginning of a nuclear and uranium renaissance. The Resurgence Of Nuclear The nuclear sector's journey from oblivion to center stage by 2023 was nothing short of dramatic. At COP26 in 2021, governments began to acknowledge nuclear power as a necessary ingredient to achieving lofty net-zero targets, but it was still met with controversy. However, by COP28 in 2023, nuclear energy was a headline act. This shift marked a significant change in the narrative, but it also birthed concrete commitments from 22 countries to triple their nuclear energy capacity by 2050. Geopolitical And Economic Realities Reshaping Energy Policies The energy crisis of 2022, primarily triggered by Russia’s invasion of Ukraine, played a pivotal role in reshaping global energy policies and highlighting the importance of onshoring the supply of many key materials. The circumstances were reminiscent of the OPEC oil crises, which forced several G20 economies – including Japan, the U.K., Germany and the broader European continent – to reevaluate their energy dependencies. To make matters worse, Germany's decision to phase out nuclear power backfired significantly, leading to an increased reliance on the dirtiest form of coal and a surge in energy prices. This scenario served as a cautionary tale, demonstrating the perils of neglecting energy security for political ideals. The Reality Of Renewable Energy To put nuclear energy’s relevance into context, it’s important to understand the reality of renewables. While renewables like solar and wind are expanding at a record pace, they face their own challenges, particularly in the mismatch of energy production and demand. In areas where renewables are well developed, and the geography provides a high degree of sunlight or wind, this can lead to situations where the cost of electricity from renewable sources is zero or even negative during peak production. However, this energy surplus is useless without cost-effective batteries, highlighting the necessity for practical storage solutions. Even with low-cost battery solutions, locations with intermittent sun or wind have little to no hope of meeting their baseload power demands through renewables. Uranium's Comeback And The Opportunities Ahead As would be expected, the renewed interest in nuclear energy has direct implications for the uranium market. In fact, nuclear energy coming back in style led to a historic rise in uranium prices from $48 to $91 per pound in 2023 – a gain of roughly 90%. But price action was far from the whole story as this previously dormant market grappled with new challenges and opportunities in rebuilding the uranium supply chain. Despite reaching incentivizing levels, the uranium supply response is expected to be slower than anticipated due to legacy issues and long development lead times. Sprott’s full article provides an in-depth analysis of this, including insights from Cameco Corporation (NYSE: CCJ) and other industry leaders. The article also explores the geopolitical dynamics influencing the uranium market, particularly the roles of Kazakhstan and Russia. With Kazakhstan emerging as a major uranium producer and Russia securing future production for its security of supply, the geopolitical landscape presents complex challenges for the global uranium supply. The Sector’s Prospects In 2024 And Beyond With the uranium spot price hitting new highs and utility contracting accelerating, the nuclear sector is looking poised for significant growth heading into 2024. The renewed interest in the sector is attracting much-needed capital investments to meet the current expansion plans but also to sustain the long-term growth and innovation in the market for the foreseeable future. In all likelihood, the electron reality and revitalization of the nuclear energy sector are poised to play a pivotal role in the clean energy transition, offering a reliable and low-carbon solution crucial for achieving global climate goals and securing a sustainable energy future – but supply chains that have long since disappeared need to be rebuilt. Read the full report by Sprott’s CEO John Ciampaglia here. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

January 12, 2024 09:00 AM Eastern Standard Time

Stars Align For A Silver Bull Market? Primary Silver Miners May Be Poised To Shine

Benzinga

By Faith Ashmore, Benzinga 2023 marked another year of a pronounced supply-demand deficit in silver, driven by record industrial demand from robust global investments in the green economy. The most significant increase came from photovoltaics. In a recent revision for 2023, the Silver Institute and Metal Focus group bumped up their estimate of silver uptake in solar panels, indicating usage of approximately 200 million ounces of silver for the year. This represents a substantial increase from the approximately 110 million ounces used in 2021. Mirroring this growth, BloombergNEF upgraded its global solar build forecast to 413 GW in 2023 – up 125% over two years, with China accounting for nearly 60% of the installed volumes. The acceleration can, in part, be attributed to record-low prices for all types of solar panels, making adoption more affordable. Meanwhile, solar panel innovation has reached an inflection point. In a recent opinion piece published on Streetwise Reports, market commentator and fund manager Chen Lin pointed out that upcoming generations of solar panels are anticipated to require 25-100% more silver for improved efficiency. Many experts in the field share the same optimism regarding the continued rapid growth of silver uptake in solar panels over the coming years. In particular, ANZ Bank expects photovoltaics to represent more than 50% of silver industrial demand by 2025, compared to about 20% in 2021. On the supply front, annual mine production has remained rangebound between 800 and 900 million ounces over the last decade. The current structural deficit will likely persist for the foreseeable future unless numerous new primary silver mines are built or marginal mines resume production. Achieving either of these scenarios demands a prolonged period of elevated silver prices. Light At The End Of The Tunnel? Precious Metals Rally Throughout 2023, the volatility of silver prices persisted, primarily driven by the dynamic influence of the U.S. Federal Reserve's monetary policy. However, there appears to be light at the end of the tunnel. The start of last December welcomed a more dovish tone from the Fed, which fueled a precious metals rally. Gold broke above $2,100 per ounce (an all-time high), and silver nearly reached $26 per ounce (a multi-month high). By mid-December, the Fed released a more definitive signal for the end of the tightening cycle by keeping key interest rates steady and indicating three cuts in 2024. With this in mind, companies like Silvercorp Metals Inc. (NYSEAMERICAN: SVM) (TSX: SVM ) could potentially be undervalued relative to peers despite Silvercorp’s performance and growth strategy. Silvercorp is an established Canadian miner that boasts of a strong balance sheet and of combining a track record of profitability along with growth opportunities including fully-funded ‘organic’ growth within its existing low-cost mines, while also engaging in ongoing strategic M&A efforts. Ying Mining District: Helping To Meet The Global Silver Demand In 2004, the company began operations in China’s Ying Mining District which is known for its tremendous resource wealth, principally in silver-lead-zinc mineralization. After two years of exploration and development, the company began production in April 2006. The company reports that the operation proved to be extremely profitable, largely in part due to the high grades of the metals found at the site. Over the next several years, Silvercorp expanded its footprint in the region and increased the production profile of the flagship operation. From 2007 to 2017, Silvercorp roughly tripled Ying’s silver output, delivering 5.9 million ounces in 2017 – solidifying the company’s status as China’s largest primary silver producer. Silvercorp has maintained strong operating margins at Ying while growing its production, with annual all-in sustaining costs remaining below $10/oz over the last seven years despite mounting inflationary pressures affecting miners globally. In fiscal 2023, Ying reported producing 6 million ounces of silver at an all-in sustaining cost of $9.73/oz, generating $63 million in income from mine operations and representing a peer-leading operating margin of 36%. The company is working to further improve the operation’s productivity and efficiency by enhancing mine mechanization and expanding milling capacity. As silver becomes an increasingly integral component of the green economy, established pure-play producers like Silvercorp could play a more instrumental role in meeting the global industrial demand for silver. Anticipating further positive developments for Silvercorp in 2024, interested investors may want to stay tuned for additional news and analysis on the company. Readers interested in the latest updates on Silvercorp's performance and growth strategies can find additional information at silvercorpmetals.com/welcome. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

January 12, 2024 09:00 AM Eastern Standard Time

Through Tree-Planting Partnership With Evertreen, Diamond Lake Minerals (OTCMKTS: DLMI) Seeks To Send Out Message: The Future Of Finance Can Indeed Also Be Green

Benzinga

By Austin DeNoce, Benzinga Over the last several years, environmental awareness and the need for sustainable practices have grown into a business imperative across developed economies. Sustainability and environmental consciousness are now driving many investments, with the rise of environmental, social and governance (ESG) investing. Recognizing this, Diamond Lake Minerals Inc. (OTCMKTS: DLMI), a pioneer in the development and support of digital assets and SEC-registered security tokens, has joined forces with the eco-conscious platform Evertreen, marking a significant stride in its commitment to ecological leadership and corporate responsibility. A Partnership Rooted In Environmental Consciousness Evertreen is a platform dedicated to environmental conservation through reforestation. It provides individuals and businesses the opportunity to offset their carbon emissions and alleviate poverty around the world by planting trees through partner farmers. With that in mind, Diamond Lake Minerals's collaboration with Evertreen is a testament to its own dedication to environmental conservation. By initiating the planting of 500 mangrove trees in Kenya, the company has planted 1,000 total trees with 308 tons of CO2 being absorbed. Mangroves were specifically chosen for their unique benefits, including erosion prevention, carbon sequestration and supporting biodiverse ecosystems and local communities. This planting is also just the start of a more extensive campaign, with the vision to plant millions of trees over the next decade as part of its long-term commitment to environmental sustainability. Notably, this initiative also contributes to a number of United Nations Sustainable Development Goals (UN SDGs), demonstrating Diamond Lake Minerals' ability to align its broader vision of integrating ethical business practices with technological advancement. Planting trees supports opportunities for income and livelihood through sustainable forestry and eco-tourism, addressing SDG 1 (Less Poverty); contributes to climate action (SDG 13) by absorbing carbon dioxide, thereby mitigating the impact of human-influenced climate change; and enhances life on land (SDG 15) by providing habitat for wildlife, preventing soil erosion and promoting biodiversity to create a healthier ecosystem. Support For The Initiative The initiative from Diamond Lake Minerals and Evertreen has garnered backing from a wide range of circles, including a panel of expert advisors and professionals like Anthony Scaramucci, Larry Namer, Andrew Fromm, Brandon Fugal, Michael Malik Sr., Raul Leal, Agnes Budzyn, David Meltzer and Marty Pompadur have joined the company, bringing years of expertise and success. Each individual from the panel brings a unique perspective and expertise across a variety of sectors under a unified mission and commitment to a sustainable future. Naturally, the initiative is also championed by Diamond Lake Minerals CEO Brian J. Esposito, who stated, "We are committed to doing everything we can with the power and reach of DLMI, our subsidiaries, and with the support of our wonderful partners around the world, to bring attention and focus to deforestation and great initiatives and companies like Evertreen that can help combat this." The Legacy Of Diamond Lake Minerals And Evertreen Diamond Lake Minerals and Evertreen's partnership represents more than just tree planting; it's a narrative of hope, action and leading by example. It underscores a crucial point that businesses can and should play a pivotal role in environmental conservation. As Diamond Lake Minerals continues to weave its expertise in digital and traditional asset management, its foray into eco-conscious projects highlights a powerful message: the future of finance can indeed be green, ethical and innovative. Ultimately, Diamond Lake Minerals is working to bridge the worlds of traditional finance and the burgeoning field of decentralized finance (DeFi), with a focus far beyond financial innovation. The company aims to become a trailblazer within the nascent industry by demonstrating that the future of money and digital assets can harmoniously coexist with a commitment to our planet's health. As Diamond Lake Minerals and Evertreen sow seeds for a greener tomorrow, they not only contribute to a healthier planet but also set a precedent for how businesses can integrate environmental responsibility into their core values. Needless to say, their journey is a compelling story nurturing a legacy that extends beyond balance sheets to a greener, more sustainable world. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

January 12, 2024 09:00 AM Eastern Standard Time

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