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Helium One sets sights on leading global helium production with Tanzanian project

Helium One Global Ltd

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) chief executive Lorna Blaisse joins Proactive's Stephen Gunnion to recap what the company has billed as a transformational period. The drill stem test (DST) of the company's Itumbula West-1 well in Tanzania has measured a minimum flow rate of 0.5 million cubic feet per day, with a helium concentration of 4.7%. Encouragingly, Blaisse said the absence of other hydrocarbons position it uniquely in the global helium market. Blaisse said the interim results from the drill stem tests at Itumbula are encouraging, with the company planning an extended well test at the Tai-1 site to better understand the gas flow over a longer period. Helium One Global's pure helium play differs significantly from other helium sources, which are typically byproducts of hydrocarbon gas production, with lower helium concentrations. The company's high helium concentration and the absence of other gases allow for a smaller, more cost-effective processing plant design. Moving into an extended well test and appraisal phase, Blaisse said Helium One aims to transition from exploration to appraisal, leveraging its proprietary drilling rig for further exploration and potentially deepening the Tai-3 well. The rig is currently hot stacked, ready for quick deployment, with operations planned as early as the third quarter of 2024. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 08, 2024 10:11 AM Eastern Standard Time

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ImmuPharma CEO Tim McCarthy discusses financial stability and promising drug developments

ImmuPharma PLC

ImmuPharma PLC (AIM:IMM) chief executive Tim McCarthy provides an extensive update during an interview with Proactive's Stephen Gunnion, focusing on the financial, business, and portfolio developments of the company. McCarthy clarified that the company is in a strong financial position, dismissing rumours of needing a highly dilutive fundraising. He emphasized that ImmuPharma has sufficient funding for its needs, supported by a business model reliant on developing drugs to a stage attractive to larger pharmaceutical companies for further development and market introduction. This strategy, according to McCarthy, is expected to generate non-dilutive upfront payments and royalties from licensing agreements, particularly for their P140 platform focused on autoimmune diseases like lupus and CIDP (Chronic Idiopathic Demyelinating Polyneuropathy). McCarthy detailed progress on the lupus program, including changes to their clinical study approach and discussions with the FDA, highlighting the uniqueness of their molecule's mechanism of action. This uniqueness, McCarthy pointed out, has garnered interest from big pharma, distinguishing their lupus treatment from others that failed due to efficacy or side effects issues. Moreover, he announced advancements in the CIDP program and the company's intention to achieve orphan drug designation for it, promising significant market potential despite its smaller patient population compared to lupus. The CEO also touched on an early-stage anti-infective program, underscoring the evolution of ImmuPharma's drug portfolio over the last two and a half years under his leadership. This transformation involved corporate restructuring, significant cost reductions, and strategic focus on developing a diversified drug portfolio. McCarthy concluded by affirming the company's position as substantially undervalued based on its developmental and financial assets, particularly highlighting a major interest in the oncology company Incanthera, which recently secured a substantial commercial deal with AS Watson. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 08, 2024 09:48 AM Eastern Standard Time

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ETC Group CEO on Bitcoin's wild ride to a new high and why Ethereum could be the next big thing

HANetf Holdings Limited

ETC Group's CEO Tim Bevan shares insights on the current Bitcoin market dynamics and the impact of ETFs in the United States with Proactive's Stephen Gunnion. Bevan noted the unexpected rapid inflow of approximately $18 billion into Bitcoin ETFs within six weeks, highlighting the iShares product's substantial single-day intake of over $750 million. This surge has led to unprecedented market conditions, with Bitcoin reaching an all-time high before experiencing significant volatility, demonstrating the challenging environment for predicting short-term price movements. Despite the uncertainty, Bevan maintains a bullish outlook for Bitcoin, anticipating it could surpass $100,000 by year-end, with some predictions suggesting a peak of over $250,000. Bevan also addressed Ethereum's performance, noting its year-to-date return of 63% and its potential for greater upside compared to Bitcoin. He described Ethereum as akin to a tech company, emphasizing its role as the underlying architecture of Web 3.0 and its rapid adoption curve. Bevan likened investing in Ethereum to discovering Microsoft pre-Windows, highlighting its attractive valuation compared to large tech stocks. ETC Group has launched a new Ethereum staking product, capturing the staking yield from validating transactions on the Ethereum network, which Bevan describes as integral to Ethereum's economic profile. He also mentioned the broader cryptocurrency market, suggesting that attention might eventually shift to altcoins as investors explore the sector's diversity. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 08, 2024 09:41 AM Eastern Standard Time

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Eco Atlantic Oil & Gas announces biggest deal to date with Orange Basin farmout

Eco (Atlantic) Oil & Gas Ltd

Eco (Atlantic) Oil & Gas Ltd has announced a significant agreement involving a 13.75% participating interest in their Orange Basin Block 3B/4B, with strategic partners TotalEnergies and QatalEnergy. This deal, described as the largest in the company's history, is noteworthy for several reasons. Firstly, Total Energies, now the operator, brings a deep understanding of the Orange Basin, enhanced by its recent discoveries in the same geology in Namibia. Secondly, the strategic location of Eco's block, adjacent to other areas operated by Total Energies, promises synergies, especially since Total Energies possesses drilling rigs in the vicinity, ensuring operational readiness. Financially, the transaction is expected to significantly bolster Eco's cash position by almost $20 million, positioning the company five times above its current standing upon commencement of drilling. Moreover, Eco is fully carried for the forthcoming exploration activities, potentially covering two wells on the block. The total transaction value could reach over $32 million, encompassing both cash and the value of the carry for Eco’s remaining work interest. The agreement includes milestone payments, contingent upon deal completion, regulatory approvals, and the commencement of drilling. The drilling schedule is under Total Energies’ discretion, anticipated within the next 12 to 18 months. Following this farmout, Eco aims to replicate its success in other ventures, focusing on its Guyana and Namibian assets, with ongoing discussions for potential partnerships expected to culminate in 2024. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 08, 2024 09:38 AM Eastern Standard Time

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Oncimmune's strategic pivot aims for robust growth in 2024

Oncimmune Holdings PLC

Oncimmune Holdings PLC (AIM:ONC) CEO Martin Gouldstone joins Proactive's Stephen Gunnion with highlights of the company's 2023 performance, which included its strategic decision to focus on its ImmunoINSIGHTS platform. A significant development was the sale of its early lung cancer detection business to US biotech company Freenome, generating substantial funds. This capital was utilised partly to reduce existing company debt and, importantly, established a five-year master service agreement (MSA) with Freenome, guaranteeing Oncimmune a minimum of £1.3 million in service revenues on a use-it-or-lose-it basis, with a two-year break clause. This deal not only provided immediate financial benefit but also assured a steady revenue stream for at least two years. Gouldstone emphasized the company's focus on its ImmunoINSIGHTS service platform, highlighting its commercial and scientific potential. Since his tenure began in August last year, Gouldstone said he has been dedicated to maximizing the platform's commercial impact and scientific capabilities. The strategic redirection towards new commercial areas and customer segments was marked by the announcement of a new strategy in October, followed by securing seven contracts in novel commercial domains, including repeat business with large pharmaceutical companies and new engagements in biotech. These contracts span discovery and adverse event prediction in immuno-oncology, reflecting the strategic diversification efforts. With the commercial team nearing completion, Oncimmune anticipates a tangible impact on revenues towards the end of 2024, with an aim to further expand the sales team in the US by FY25. Looking ahead to 2024, Oncimmune has projected a revenue target of £3 million, marking at least a 150% increase from the previous year and setting a record high for the company's operations in Germany. This ambitious forecast underscores the company's strategic refocus, relaunch, and consolidation efforts aimed at sustaining growth and delivering improved financial performance in the coming years. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 08, 2024 09:35 AM Eastern Standard Time

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Galliford Try reports strong half-year performance with positive future outlook

Galliford Try Holdings PLC

Galliford Try Holdings PLC (LSE:GFRD) Finance Director Andrew Duxbury shares insights into the company's half-year results in an interview with Proactive's Stephen Gunnion. Galliford Try, a leading UK construction company, is known for delivering profitable, predictable results, focusing on non-cyclical sectors across the UK like schools, hospitals, prisons, roads, and water treatment works. Duxbury noted that the company reported a strong performance for the half-year ending December 2023, with notable increases in revenue, divisional operating margin, profit before tax, and interim dividends. This growth was attributed to excellent operational execution, people, supply chains, and strong risk management practices. Revenue was up 21% from the previous year, with a 2.5% divisional operating margin, up from 2.3%, and a 33% increase in profit before tax, alongside a 50% rise in earnings per share, resulting in a 33% hike in the interim dividend to four pence per share. Duxbury expressed confidence in the company's future performance, citing eased macroeconomic challenges and a strong order book that provides visibility beyond the election cycle. Growth has been consistent across its building and infrastructure divisions, with significant contract wins including a £3.2 billion affordable housing framework and the acquisition of engineering specialist AVRS, enhancing its water business capabilities. Investors can expect an update on the company's strategy at a capital markets event in May, outlining plans for growth beyond 2026 through to 2030, based on a strong balance sheet and disciplined risk management. Duxbury highlighted the company's momentum, non-cyclical market sectors, robust order book, and committed team as key investment highlights, underscoring Galliford Try's sustainable growth strategy. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 08, 2024 09:32 AM Eastern Standard Time

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Empire Metals reveals "unprecedented" titanium discovery at Pitfield Project

Empire Metals Ltd

Empire Metals Ltd managing director Shaun Bunn discussed the preliminary results from mineralogical and metallurgical testing at the Pitfield project in an interview with Proactive's Stephen Gunnioin. Bunn said the findings highlight the project's potential, particularly its unique position in the titanium market. A significant discovery is the high concentration of titanite, a calcium titanium silicate, which constitutes about two-thirds of the titanium dioxide in the deposit. This is unusual as titanite typically makes up only a small fraction of a deposit's composition. Bunn said the presence of titanite simplifies the mining and processing phases due to its non-refractory nature, allowing for low-cost and efficient extraction and processing methods, including a simple leaching process to produce titanium dioxide. Moreover, current market dynamics could significantly enhance the economics, aiming to produce a product that could potentially fetch a much higher market price compared to conventional sources. Bunn outlined the next steps for development, including the recruitment of industry experts and plans for a demonstration plant in 2025. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 08, 2024 09:30 AM Eastern Standard Time

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US Masters Tournament Schedule 2024 - Dates, Times, and Rounds

Acroud Media

The first major golfing tournament of the year is just a few weeks away as the best golfers in the world come together at Augusta National for the US Masters. Taking place from April 8th up until the 14th, the excitement among sports fans is building to see who will be sporting the iconic green jacket. Below, we have provided a breakdown of the week of exciting golfing action from the Masters from the practice round through to the final day. Continue reading below for everything you need to know. Monday & Tuesday, April 8-9: Practice Rounds Kickstarting the event is the practice rounds, where the players explore the course and work on their game in preparation for the main event. It is also one of the very few opportunities that cameras are allowed on the course to get some pictures of the pros. Wednesday, April 10th: Par 3 Contest The Par 3 contest takes place on a separate 9-hole/par-27 course that is located on the northeast corner of Augusta National. The players tend to have members of their family, and sometimes their children caddy for them in this contest, a nice family affair that is part competition, part stress relief. This is content that helps settle some players and prepares them for the start of the first tournament the following day. Thursday, April 11th: First Round of the Masters, 8am Start Thursday, 8am, the big day. The first day of the first tournament round kicks off. Starting with a tournament tradition of an honorary tee-off to mark the start of the Masters. Last year saw Tom Watson, Jack Nicklaus, and Gary Player take part. Now it is time for what everyone has been waiting for as the full field of golfing greats gets started. Friday, April 12th: Second Round of the Masters, 8am Start After the first tournament round, Friday sees the action continue as the players compete in the second round, usually around the course in threesomes. This is the start of the tournament crunch time, with only the top 50 scorers making it beyond this day, or those within 10 strokes of the leader will advance into the third round on Saturday. Saturday, April 13th: Third Round of the Masters, 10am Start There is a slightly later start for the players on Saturday as the third round gets started. Based on their scores so far, the players will tee off in reverse order in the third round. The golfers furthest behind the leader begin the day, with the closest to the leaders teeing off later throughout the day. Typically, the Saturday and Sunday rounds are played with two players per group. Sunday, April 14th: Final Day of the US Masters, 10am Start The big day, the final day of the US Masters. Who will be crowned Masters champion and claim that green jacket? The leaders will tee off around 2-3pm in the afternoon, and the actions aim to be concluded by 7pm when the presentation of the iconic green jacket is started and given to the Masters champion. FAQs Who won the 2023 Masters Tournament? Last year's US Masters tournament was won by Jon Rahm. The Spaniard secured his first green jacket and second career major with a performance that made it look like just another day on the golf course. You can wager on who you will think will win the US Masters 2024 here with the best golf betting sites. Has anyone won back-to-back masters? Yes - three golfers have secured back-to-back Master’s championships: Jack Nicklaus, Nick Faldo, and Tiger Woods. Jon Rahm will be hoping to add his name to that list this year and become the fourth. What player has won the most Masters tournaments? Guest at the 2023 Masters on the first day of the tournament, taking part in the honorary tee-off, Jack Nicklaus is the player who has won the most Masters tournaments, having won 6 times. Contact Details Acroud Media info-media@acroudmedia.com

March 08, 2024 09:30 AM Eastern Standard Time

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Prime Hospitality Group Honored as Best Places to Work in 2024

Digifora

Prime Hospitality Group (PHG), a prominent leader in the hospitality industry, proudly announces its inclusion in the Indiana Chamber of Commerce's esteemed 2024 Best Places to Work in Indiana list. This recognition underscores Prime Hospitality Group's commitment to fostering a positive and motivating work environment for its Support Center team members. "As a company dedicated to prioritizing the development and satisfaction of our team members and restaurant guests, being recognized among the best places to work in Indiana is a significant honor," stated Kristy Rans, President of Prime Hospitality Group. "The unwavering commitment of our Support Center is the direct result of our success, and we are immensely proud of the culture they have cultivated together." To be eligible for this accolade, businesses must be based in Indiana and have at least 15 employees, either full-time or part-time. Prime Hospitality Group, headquartered in Indianapolis, has shown its dedication to the state since 2017. "The honored companies offer a blueprint for employee attraction and retention, and we are excited to celebrate their success. We hope the values and strategies on display in their workplaces can serve as models for other Indiana employers as we work together to address Indiana’s talent pipeline needs," says Indiana Chamber President and CEO Vanessa Green Sinders. The Best Places to Work in Indiana award evaluation process involves a thorough assessment of workplace policies, practices, demographics, and employee satisfaction levels. PHG has excelled in both qualitative and quantitative measures, demonstrating its dedication to fostering a supportive and fulfilling work environment. "Prime Hospitality Group has experienced notable growth and expansion over the past seven years," noted Kristy Rans. "Despite this growth, our commitment to maintaining a robust company culture and making a positive impact has remained resolute. This recognition is a testament to the remarkable individuals who contribute to our organization each day." Prime Hospitality Group extends its gratitude to its employees for their continued dedication and to the Indiana Chamber of Commerce for this esteemed recognition. As PHG continues to grow and thrive, it remains committed to ensuring a vibrant and fulfilling workplace for all. About Prime Hospitality Group, LLC Headquartered in Indianapolis, Indiana, Prime Hospitality Group (PHG) is the largest Ruth’s Chris Steak House franchisee with 12 locations in Indiana, Arkansas, Georgia, Missouri, North Carolina, and Iowa. PHG also owns and operates Bin 23 Bistro, a traditional European Bistro serving French-influenced favorites, and The Exchange, a craft cocktail and whiskey bar. The PHG brands are built on delivering best in market experiences by providing elevated hospitality to its guests. Visit primehg.com to learn more and follow @primehospitalitygroup on LinkedIn. Media Contact: Mina Fischer, MinaF@primehg.com or (317) 581-6000 Contact Details Justin Brackett Justin Brackett +1 843-284-6594 justin@digifora.com Company Website https://digifora.com

March 08, 2024 08:46 AM Eastern Standard Time

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