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West Red Lake Gold (WRLG.V) CEO Message Part 3: Existing Infrastructure at the Madsen Mine

West Red Lake Gold Mines Ltd.

September 19, 2023 - TheNewswire - Global Stocks News - West Red Lake Gold Mines (TSXV:WRLG) (OTC:WRLGF) CEO Shane Williams has sent part three of seven communications to WRLG shareholders. CEO Message Part 3: Existing Infrastructure at West Red Lake Gold Mines By Shane Williams Thank you for your interest in West Red Lake Gold Mines (WRLG.V). This is the Part 3 of seven messages I am sending to WRLG shareholders. Today I want to discuss the existing infrastructure at the Madsen mine. In mining circles, “existing infrastructure” can mean a logging road, a plywood core-shack, a rusted ball mill or a capsized Porta-potty. The West Red Lake Gold Mines’ situation is a bit different. We inherited a modern, fully permitted, virtually-unused mining facility which includes underground equipment, double ramp access, a 1,273-metre-deep shaft, expandable 800+ tonne per day mill, excess tailings capacity and a water treatment plant. [ 1.} The mill achieves 95% gold recovery [ 2 }. The tailings pond and water treatment are regularly inspected and pass with flying colours. Last month I was on site with the Ontario Minister of Mines – a former executive at Placer Dome. He is very supportive of the project. It’s difficult to put an exact price tag (value) on the existing infrastructure. The mill itself cost approximately $100 million. With rampant inflation in construction, the replacement cost would be significantly higher. But the biggest benefit of the permitted existing infrastructure is the effect on production timelines. The permitting process can take ten years. We have challenges to overcome, but in my opinion, the modern, debt-free, permitted infrastructure has significantly de-risked this project. Next in Part 4 of my message to shareholders, I will tell you about the resource expansion potential at Madsen. Sincerely, Shane Williams We invite you to click here to learn more about our West Red Lake Gold Mines The technical information presented in this news release has been reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, as defined by NI 43-101 “Standards of Disclosure for Mineral Projects”. Certain statements contained in this news release constitute “forward-looking statements”. When used in this document, the words “anticipated”, “expect”, “estimated”, “forecast”, “planned”, and similar expressions are intended to identify forward-looking statements or information. These statements are based on current expectations of management, however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. West Red Lake Gold Mines Ltd. does not undertake any obligation to revise or update any forward- looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws. References SRK Consulting. (2021). Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada (West Red Lake Gold Mines, Ed.) [Review of Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada ]. SRK Consulting. https://westredlakegold.com/wp-content/uploads/2023/07/NI43-101_Madsen_Report_Update_v20230619.pdf Pure Gold Mining Inc. “PureGold Achieves Third Quarter Gold Production Guidance and Announces Fourth Quarter Outlook.” GlobeNewswire News Room, 6 Oct. 2022, www.globenewswire.com/news-release/2022/10/06/2529302/0/en/PureGold-Achieves-Third-Quarter-Gold-Production-Guidance-and-Announces-Fourth-Quarter-Outlook.html Frank Giustra – who owns about 10% of WRLG was recently on stage at the Precious Metals Summit in Beaver Creek, Colorado. "Never listen to what a central bank has to say,” Giustra stated on a panel hosted by The Northen Miner. “Watch what they do. And right now, they're screaming, buy gold. They're loading up. And it is my belief they're loading up because there will be a monetary system reset that we don't know what it looks like yet. But gold will play a role, otherwise they wouldn't be loading up this way.” guy.bennett@globalstocksnews.com Full Disclaimer

September 19, 2023 02:50 PM Eastern Daylight Time

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Alto Metals sees significant growth potential at Bull Oak

Alto Metals Ltd

Alto Metals Ltd (ASX:AME) MD Matt Bowles tells Proactive the company’s targeted review of the historical Bull Oak Gold Mine and surrounding historic workings at the Sandstone Gold Project has highlighted the potential for near-term resource growth. He says the lack of recent exploration and untested mineralisation in significant intersections represents an opportunity for the company, which hopes to extend the mineralisation below the shallow-mined pit up and down dip, as well as along strike and at depth. The style of gold mineralisation at the Bull Oak deposit features multiple stacked lodes hosted within a granodiorite, similar to that observed at Lord Nelson and Lord Henry. Bowles said: “Most of the historical drilling at Bull Oak has been relatively shallow, however, two historical holes drilled to 300-metre depth intersected multiple lodes and reported numerous instances of visible gold. “A follow-up deep hole drilled by Alto returned a wide zone 260 metres at 0.4 g/t gold from 36 metres, including 14.1 g/t gold and ended in mineralisation. “The mineralisation is completely untested up and down dip of these intercepts, as well as at depth, and we are excited to have a reverse circulation (RC) rig arriving shortly to test these outstanding targets, that have the potential to drive near-term growth.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com Company Website https://www.proactiveinvestors.com.au/

September 19, 2023 02:30 PM Eastern Daylight Time

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Nextech3D.ai announces new India unit as high-scale 3D model production expands

Nextech3D.AI

NextTech3D.ai CEO Evan Gappelberg and Hareesh Achi, executive vice president of Operations joined Steve Darling from Proactive to share significant developments on the company's strategic initiatives to enhance profitability and streamline its operations. One notable achievement is the establishment of Nextech3D Solutions India Private Limited, a move aimed at optimizing profitability and reducing labor costs, with the goal of achieving these benefits starting in the fourth quarter of 2023. This transition is expected to result in expense reductions and significantly improved overall performance as the company rolls out its AI solutions. Furthermore, Gappelberg revealed that Nexttech3D.ai is gearing up for an anticipated record 3Q and 4Q, with expectations of substantial 3D model growth in 2024. The company has strategically shifted its focus, concentrating exclusively on high-scale production for its 3D modeling business, with a strong emphasis on serving Amazon and other enterprise clients. Achi says this shift in strategy involves transitioning away from smaller e-commerce clients that require a limited number of 3D models and instead prioritizing large enterprise clients that demand thousands of models and high-scale production. This strategic shift is poised to strengthen the company's revenue streams and make a significant contribution to its overall growth and financial stability. Nextech3D.ai's focus on high-scale production and large enterprise clients aligns with the growing demand for 3D modeling and augmented reality solutions across various industries. This strategic direction positions the company for sustainable growth and success in the dynamic world of 3D technology and AI solutions. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

September 19, 2023 02:24 PM Eastern Daylight Time

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Ocean Power Technologies sees 1Q revenue climb as sales pipeline surges

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share details of the company's fiscal first quarter for 2023. The results showcased significant growth, with revenues reaching $1.3 million, up from $0.7 million in the same period the previous year. The positive financial performance was attributed to various factors, including sales of WAM-V autonomous vehicles, revenue generated from a previously announced contract with the Department of Energy, and strategic consulting services. Stratmann highlighted the remarkable growth in the company's sales pipeline, which has increased by an impressive 215% year over year, now standing at approximately $85 million. This surge is attributed to several factors, including a substantial increase in defense and security activity and expanding commercial opportunities. Notably, there is growing interest from offshore wind companies seeking autonomous monitoring, surveillance, and survey-related services at various stages of project development. Ocean Power Technologies is uniquely positioned as a provider of ocean energy and intelligent data services. The company's innovative, low-carbon distributed and autonomous ocean power and data solutions, coupled with offshore engineering and design services, positions it as a key player in the evolving landscape of sustainable energy and ocean-related services. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

September 19, 2023 02:17 PM Eastern Daylight Time

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News Release

American Eagle Gold drills best-ever hole on NAK copper-gold project

American Eagle Gold Corp

American Eagle Gold CEO Anthony Moreau joined Steve Darling from Proactive to share shared significant news regarding the company's NAK copper-gold project. The company has recently achieved remarkable drilling results, marking a significant milestone for the project. Hole NAK23-11, in particular, produced exceptional results, with an intersection of 102 meters containing 1.04% copper equivalent (CuEq), within a broader interval of 473 meters with 0.62% CuEq, starting from the surface. This represents the best hole drilled to date on the project and underscores the substantial mineralization potential. Furthermore, Moreau revealed that another hole, NAK23-10, encountered a substantial 359-meter section with 0.43% CuEq within a larger interval of 830 meters at 0.36% CuEq, also starting from the surface. These results provide strong evidence of the considerable scale of the NAK mineralizing system, suggesting the potential for substantial growth in both size and grade. The company is continuing its drilling efforts, with plans for several more holes during this season. American Eagle Gold's ongoing exploration activities and the remarkable results achieved thus far highlight the project's significant mineral resource potential, positioning it as a valuable asset in the company's portfolio. These developments underscore American Eagle Gold's dedication to unlocking the full potential of the NAK copper-gold project and contributing to the exploration and development of vital copper and gold resources, which are in high demand for various industrial applications and renewable energy technologies. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

September 19, 2023 02:04 PM Eastern Daylight Time

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Lanthanein Resources talks outstanding REE results at Murraydium

Lanthanein Resources Ltd

Lanthanein Resources Ltd (ASX:LNR, OTC:FRNRF) technical director Brian Thomas tells Proactive the company has received strong assay results from a roadside drilling program at the Murraydium Rare Earth Elements (REE) Project in southeast South Australia. The campaign targeted ionic clay-hosted rare earths within the Loxton-Parilla Sands formation and the results point towards substantial regional prospectivity. The program consisted of 215 aircore drill holes, totalling 3,709 metres, with 40 holes showing concentrations greater than 500 parts per million (ppm) of total rare earth oxide (TREO) and five exceeding 1,000 ppm TREO. Thomas said in the market announcement, “We are very excited to finally release the long awaited assay results from the roadside drilling programme at the Murraydium Project in the South East of South Australia. “These results are the absolute confirmation of the exciting exploration opportunity in a region that is highly prospective for ionic clay hosted rare earth deposits as evidenced by work done in the region by AR3 who have outlined an extensive mineralised system at Koppamurra where shallow near surface exploration has delineated significant JORC Resources of REE’s.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

September 19, 2023 02:00 PM Eastern Daylight Time

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Carnavale Resources says test work points to excellent gold recoveries

Carnavale Resources Limited

Carnavale Resources Ltd (ASX:CAV) CEO Humphrey Hale tells Proactive the company has delivered outstanding initial metallurgical test work results from the McTavish East prospect within the Kookynie Gold Project, where it is working to establish a quality high-grade gold resource. The conventional leach test work indicates the potential of excellent gold recoveries from traditional cyanide leaching processes, yielding recoveries of between 97% and 99%. Hale said, “The initial metallurgical results from McTavish East are outstanding, indicating the potential of excellent gold recoveries from traditional cyanide leaching processes. CAV is excited to continue the test work with further leach testing and the addition of gravity separation techniques to enhance the processing options and potentially reduce operating costs." The Company is very pleased with these excellent first pass metallurgical recoveries, which give a good indication as to what can be expected from the oxidised and fresh rock areas of the McTavish East Prospect at Kookynie. The Company is looking forward to reporting the important assay results from the recent RC drilling program at McTavish East as these results become available and are assessed. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 Jonathan@proactiveinvestors.com

September 19, 2023 02:00 PM Eastern Daylight Time

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Tonix Pharmaceuticals releases positive results from Proof-Of-Concept Study on TNX-102 SL

Tonix Pharmaceuticals

Tonix Pharmaceuticals CEO Dr Seth Lederman joined Steve Darling from Proactive to share significant news regarding the Phase 2 proof-of-concept PREVAIL study of TNX-102 SL 5.6 mg for the management of fibromyalgia-type Long COVID. Dr Lederman provided an overview of the study's topline results and the implications for future development. Dr Lederman announced that the study showed a robust effect size in improving fatigue, a key symptom of Long COVID. The results also demonstrated consistent activity trending towards improvements across secondary endpoints, including sleep quality, cognitive function, disability, and patient global impression of change. However, Dr Lederman noted that TNX-102 SL did not achieve the pre-specified primary endpoint of improving Long COVID pain intensity scores at Week 14. Despite this, the proposed mechanism of TNX-102 SL, which aims to improve sleep quality, aligns with recent announcements from the National Institutes of Health (NIH) that sleep quality is a target for future clinical trials in Long COVID. Dr Lederman highlighted that there is currently no approved drug for the treatment of Long COVID, making these findings important for potential future treatments. The company's plan is to request an End-of-Phase 2 meeting with the U.S. Food and Drug Administration (FDA) to discuss the possibility of a Phase 3 program. They intend to propose a primary outcome measure using the PROMIS Fatigue scale, which is widely recognized and validated for assessing fatigue across various conditions. Dr Lederman also told Proactive the company is committed to meeting potential increased demand for its Tosymra nasal spray 10 mg following GlaxoSmithKline’s planned discontinuation of Imitrex nasal spray 5 mg and 20 mg products after January 2024. This move by Tonix is to be ready in case of possible drug shortages for patients who suffer from migraines. Contact Details Proactive Studio +1 347-449-0879 na-editorial@proactiveinvestors.com

September 19, 2023 01:54 PM Eastern Daylight Time

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News Release

First Phosphate and American Battery Factory team up for 40,000 tons of LFP cathode material

First Phosphate Corp.

First Phosphate Corp CEO John Passalacqua and American Battery Factory of Utah (ABF) President John Kem joined Steve Darling from Proactive to discuss a recently announced pivotal agreement aimed at advancing the production of up to 40,000 tonnes of lithium iron phosphate (LFP) cathode active material (CAM) in North America. This groundbreaking collaboration comes with significant implications, as it seeks to establish a robust LFP battery production ecosystem for the burgeoning battery storage sector in North America. The partnership involves a strategic approach to address various aspects of LFP CAM production. Under this agreement, the annual value of LFP CAM production is expected to range from $500 million to $1 billion, contingent on future raw material prices. The objective is clear: to bolster North American manufacturing capacity for critical battery materials and contribute to the growth of the energy storage industry. The collaboration between First Phosphate Corp and ABF involves several key components, including sourcing an established LFP technology partner to assist in servicing ABF's LFP CAM production needs in North America. First Phosphate Corp will take on the responsibility of sourcing and supplying local raw materials and managing the logistics associated with the LFP CAM production process. The seamless integration into ABF's production workflows is a crucial aspect of the partnership. American Battery Factory envisions sustained annual demand for LFP CAM, beginning in 2026 and increasing to a significant 40,000 tonnes annually by 2028. This demand will underpin ABF's ambitious plans for an LFP battery manufacturing facility in Tucson, Arizona. The agreement exemplifies the unwavering commitment of both companies to strengthening North American production capabilities for essential battery materials, which are integral to the clean energy transition and the proliferation of energy storage solutions. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

September 19, 2023 01:48 PM Eastern Daylight Time

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