All Industries

HTX Updates June Security Monthly Report, Putting User Asset Safety First

HTX

HTX, as one of the world's leading exchanges, has always been committed to safeguarding user assets as its highest priority. HTX has been among the first exchanges to adopt "Merkle Tree Proof" to ensure transparency in its asset reserves and has made it routine to release audit reports. Now, HTX publishes its security monthly reports every month and lets data tell the platform's concrete efforts in security. Previously, HTX reiterated its commitment by placing "prioritizing safety while ensuring no misappropriation of user assets" at the forefront of its industry initiative and promised that users' assets are fully redeemable. Therefore, HTX ensures users are well-informed about their assets, aligning with its "Win Users' Trust" principle. HTX aims to build a safer and more transparent firewall with cutting-edge technologies and strict adherence to the bottom line of safeguarding users' assets. HTX has released its May Security Monthly Report. See below for the June 2024 Security Monthly Report from HTX, featuring detailed security-related data about the platform. As part of its security efforts, the exchange has adopted Merkle tree proof of reserves and regularly discloses reserve data. This marks HTX as one of the earliest movers in proving platform reserves. From the end of 2022 to the present, HTX has conducted a total of 21 Merkle tree reserve audits, maintaining a reserve ratio above 100% to ensure that users can safely deposit and fully withdraw assets at any time. Looking ahead, HTX is poised to release its Security Monthly Report every month, implementing more precise data and rigorous financial standards to secure user assets in the long run. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/

July 10, 2024 01:48 PM Eastern Daylight Time

News Release

Metalla Royalty & Streaming's Major Merger and Production Milestones

Metalla Royalty & Streaming Ltd

Metalla Royalty and Streaming CEO Brett Heath joined Steve Darling from Proactive to discuss recent developments in an interview. Established in 2016, Metalla is a precious metals royalty and streaming company. Since its inception, Metalla has completed 32 transactions and acquired 102 royalties, amounting to approximately 1.7 million ounces in its portfolio. The company has faced both challenges and opportunities due to fluctuating capital markets and increased interest rates. In December 2023, Metalla executed its largest transaction by merging with another royalty company, Nova, thereby introducing copper as a third metal to its portfolio, alongside gold and silver. This merger was driven by increasing investor demand for copper, given its importance in the green energy transition. The addition of copper assets, known for their longer mine life, is expected to provide sustained growth and cash flow for Metalla. Heath emphasized that the company will continue to focus on gold, silver, and copper, considering them critical in the upcoming commodity cycle. Recently, a significant milestone was achieved with G Mining pouring its first gold bar, signaling the start of production at a major Brazilian gold mine. This mine is expected to become Metalla's most significant cash-flowing asset once it reaches full production. Over the next 12-18 months, several other assets are anticipated to begin production, further enhancing the company's growth and financial stability. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 10, 2024 12:22 PM Eastern Daylight Time

Video

Sonoro Gold Corp Updates Shareholders on Mexican Mining Policy and Cerro Caliche Project Prospects

Sonoro Gold Corp

Sonoro Gold Corp Chairman John Darch joined Steve Darling from Proactive to discuss a recent letter to shareholders in which he provides several key company updates. A primary focus of the letter is the new regime in Mexico, which appears to be taking a different approach to mining compared to previous administrations. While Mexico’s mining sector has been unsettled by the former president’s proposed constitutional amendment to ban open-pit mining, the incoming Sheinbaum administration is expected to adopt a more favorable stance towards the extractive industry. Darch referenced a recent article by industry analyst Fernando Mares of Mexico Business, which highlighted the positive reception of moderates Marcelo Ebrard and Alicia Bárcena being appointed to lead the Ministry of Economy and SEMARNAT, respectively. This shift is anticipated to bring more clarity to the mining sector over the next few months, offering insights into how Mexico’s new political landscape will impact mining development. Sonoro Gold Corp’s Cerro Caliche concessions are owned by the company, and any proposed ban on new open-pit concessions is unlikely to affect the future expansion of the project’s resource. Darch also shared updates from the company’s 2023 Preliminary Economic Assessment (PEA), which estimated that the Cerro Caliche project’s current resources could potentially support an initial nine-year open-pit heap leach mining operation. The PEA used a base gold price of $1,800 per ounce, but with gold prices reaching an all-time high of $2,450 per ounce in May 2024, the project’s potential economics have significantly improved. The project has a Pre-Tax Net Present Value (NPV5) of $116.8 million with an Internal Rate of Return (IRR) of 85%. Using a gold price of $2,400 per ounce, an internal review estimates that the project’s Pre-Tax NPV5 increases to $203.7 million with an IRR of 129%. These updates underscore Sonoro Gold Corp’s strategic positioning and the robust potential of the Cerro Caliche project amid evolving regulatory and market conditions. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

July 10, 2024 12:13 PM Eastern Daylight Time

Video

News Release

Pulsar Helium Inc. CEO Thomas Abraham-James Discusses High Helium Concentrations and Future Plans

Pulsar Helium Inc

Pulsar Helium Inc CEO Thomas Abraham-James joined Steve Darling from Proactive to provide an update on the company's progress and future plans. Pulsar Helium, listed on the TSX Venture Exchange under the ticker PLSR and on the OTC market as PSRHF, has been actively developing its helium project in Minnesota since its IPO in August of the previous year. The company is capitalizing on an initial discovery by mineral explorers, which identified gas with high helium content while searching for nickel. Pulsar's drilling efforts have confirmed helium concentrations of up to 14.5%, significantly above the economic interest threshold of 0.3%. Recent activities included drilling in February and testing in May, which verified the presence of helium with no associated water and favorable flow rates. Looking ahead, the company plans to update its resource estimates, conduct deeper drilling, and perform lateral drilling to identify additional gas zones. Pulsar Helium is also planning a preliminary economic assessment to further outline the project's potential. Abraham-James emphasized the critical applications of helium in high-tech industries such as space launches, MRI scanners, and semiconductors, particularly noting the global shortage exacerbated by declining U.S. output. Pulsar's project in the USA positions it favorably to meet this demand with a domestic source of helium, ensuring a stable supply for these essential industries. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 10, 2024 12:11 PM Eastern Daylight Time

Video

News Release

Sono Group: Driving the Future with Solar-Powered Commercial Vehicles

Sono Group N.V.

Sono Group Managing Director George O’Leary joined Steve Darling from Proactive to discuss the company's strategic focus on integrating solar technology into commercial vehicles, particularly their flagship product, the Solar Bus Kit. This innovative product underscores the company's commitment to the concept of "solar essence," utilizing efficient, scalable, and low-cost solar photovoltaic (PV) panels. Sono Group's business model is primarily B2B, targeting original equipment manufacturers (OEMs), bus manufacturers, and bus suppliers. Recent funding will sustain the company through June 2025, enabling them to concentrate on enhancing personnel, product development, and maintaining transparency. O'Leary highlighted the company's ambitious vision for the next three to five years, which aims to create a world free from fossil fuels by installing solar technology on all commercial vehicles globally. Sono Group plans to expand its solar solutions across various types of buses, whether diesel or electric. Furthermore, the company intends to move to a major stock exchange to enhance shareholder value, following their recent listing on the OTCQB market. This forward-thinking approach not only aligns with global sustainability goals but also positions Sono Group at the forefront of the solar technology integration in the commercial vehicle sector, driving innovation and fostering a greener future. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 10, 2024 11:55 AM Eastern Daylight Time

Video

News Release

Lifezone Metals Advances Sustainable Battery Metal Production with Tanzanian Projects

Lifezone Metals Ltd

Lifezone Metals CEO Chris Showalter joined Steve Darling from Proactive to discuss significant developments in the company during a recent interview. Lifezone Metals, listed on the NYSE for a year, is focusing on their flagship nickel project in partnership with BHP. With over 100 patents in hydrometallurgy, the company is leveraging its expertise to bring new sources of battery metals such as nickel, copper, and cobalt from Tanzania to market. The company's mission includes ensuring that their processing technologies meet the growing sustainability demands of consumers. Lifezone Metals is working on a Definitive Feasibility Study (DFS) for the Kabanga project in Tanzania, in collaboration with BHP and DRA Global. This comprehensive study encompasses both the mine site and a hydrometallurgical refinery, with completion targeted for the end of Q3 2024. These integrated projects aim to produce refined metals within Tanzania, providing substantial economic benefits to the local community and mitigating project risks. Tanzania's infrastructure investments, including standard gauge rail and hydroelectric power, position the country as a regional beneficiation hub, unlocking further opportunities for growth and development. Showalter emphasized the importance of sustainable battery metal production, particularly in addressing the high CO2 footprints associated with Indonesian nickel. Lifezone Metals is committed to employing clean processing methods designed to produce metals with a lower environmental impact, thereby making their products more competitive in the market. The company’s initiatives not only support the global transition to cleaner energy but also contribute to the development of sustainable and responsible mining practices. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 10, 2024 11:50 AM Eastern Daylight Time

Video

Velocity Global Continues to Expand Global Footprint

Velocity Global

Velocity Global, the world’s expert on work, announced today that it has successfully opened new entities in El Salvador and Georgia, allowing customers easy and compliant access to talent in these economies. The new entities will open opportunities for organizations and local talent alike. The company also announced it has obtained a Haken business license in Japan to ensure continued compliant operations in the country. With a steadily growing economy and strategically located between Europe and Asia, Georgia is an attractive market for growing companies looking to do business in the region. El Salvador offers a favorable business climate with the modernization of foreign trade operations, new physical and digital infrastructure, and a newly implemented legal framework that protects and promotes foreign investment. As the demand for a global workforce continues to grow, including filing specialized open positions, entering new markets, or supporting M&A transactions, the scrutiny to do so compliantly has increased. Failure to comply with local laws and regulations can be a costly mistake for companies, both financially and reputationally. Velocity Global combines its cloud-based technology with in-depth legal and HR expertise in over 185 countries. to create a robust, self-serve platform. The Global Work Platform™integrates with other leading HR technologies to compliantly hire, pay, and manage employees anywhere in the world. “Companies looking to engage talent in new markets must comply with local rules and regulations, in addition to unwritten rules and employee expectations. There are pitfalls around every corner,” says Laura Isaza, Vice President of Subsidiary Management and Corporate Governance at Velocity Global. “Compliance has always been a cornerstone of how we do business. As a strategic partner to our customers, we help them hire talent compliantly and strategize on how a global workforce can help them meet their business goals.” The most compliant way to do business in Japan As part of its continued excellence in compliance, Velocity Global recently obtained a Haken license in Japan. This license will enable Velocity Global to provide EOR services locally in the most compliant way. Haken relationships are under strict government scrutiny. All documents in an employee’s hiring package have been reviewed and approved by the Ministry of Labor to certify a compliant operation. The trusted partner for a borderless workforce These latest updates continue to demonstrate the company’s customer-first focus. By compliantly engaging with a borderless workforce, customers can drive meaningful business value by focusing on what’s important to their business. Learn more about Velocity Global’s solutions at www.velocityglobal.com. Velocity Global gives you the power to build your team everywhere—combining seamless technology and local expertise in 185+ countries. We make it simple to compliantly hire, pay, manage, and retain talent anywhere. With Velocity Global, the world is yours. Contact Details Velocity Global Anja Koltes +1 720-650-4348 press@velocityglobal.com Company Website https://velocityglobal.com/

July 10, 2024 09:00 AM Mountain Daylight Time

FinServ Foundation Welcomes Two Distinguished Leaders to its Board of Directors

FinServ Foundation

FinServ Foundation, a 501(c)(3) nonprofit dedicated to fostering talent in the financial services sector, is delighted to announce the appointment of two esteemed professionals to its board of directors: Bonnie M. Treichel, JD, and Dr. David Rhoiney. FinServ Foundation specializes in providing coaching, mentorship, and scholarships to empower individuals entering the financial services field. With a focus on industry retention of young professionals through education and professional growth, the foundation actively collaborates with more than 30 colleges and universities, impacting the lives of more than 500 FinServ Fellows. FinServ also covers trips to conferences for these students, sending more than 200 students to conferences in the past year. This initiative broadens their exposure to industry trends while fostering connections that are integral to their future success. "FinServ Foundation is thrilled to welcome Bonnie and David to our esteemed board,” said Jamie Hopkins, President at FinServ Foundation. “Their combined expertise and passion for empowering people align seamlessly with our mission to nurture the next generation of leaders in financial services. Dr. Rhoiney has been part of FinServ since day one and has given so much, him stepping into a board role just furthers his commitment. Bonnie is someone who I admire in this profession almost as much as anyone. She is one of the brightest minds in our space and I look forward to her partnership.” Bonnie Treichel is the Founder and Chief Solutions Officer of Endeavor Retirement, a consulting firm dedicated to solving problems for plan sponsors, advisors and service providers in the retirement plan industry. Her experience as an ERISA attorney and advisor helps her bring governance solutions for day-to-day issues that are an inevitable part of running a successful retirement plan. Ms. Treichel is also a Partner at Endeavor Law, a firm dedicated to supporting the ecosystem of financial services with their retirement plan-related decisions, documentation, compliance, regulation and litigation. She is a thought leader on retirement plan governance issues and has been quoted in The Wall Street Journal, InvestmentNews, 401(k) Specialist, Ignites, PlanAdviser, NAPA Net Daily, and Journal of Pension Benefits. Ms. Treichel is an active member of the American Retirement Association and has served in various leadership roles as well as the Lifetime Income Committee of the Tax Division of the American Bar Association. She was awarded InvestmentNews 40 Under 40 in 2023, the ABA’s On the Rise - Top 40 Young Lawyers Award in 2022. “I am very excited to join the FinServ Foundation board,” Ms. Treichel said. “FinServ’s focus on mentoring the next generation financial advice professionals will boost these mentees at the beginning of their careers and equip them to help an immense number of clients to achieve their financial goals decades into the future.” Dr. David Rhoiney is a United States Naval Academy graduate, former two-sport NCAA Division I athlete, applied mathematician, cryptologist, cybersecurity specialist, and robotic general surgeon -- all before the age of 35. Dr. Rhoiney brings an invaluable perspective to the FinServ Advisory Board. Raised in poverty and homelessness as a child, he has achieved professional success. David uses his life experience and talents to help others navigate the complexities of life and achieve their dreams. His life’s mission is to leave a lasting legacy that helps decrease the wealth gap and ease the barriers to a successful life that exist in the United States. “While I am proud of my success, I know firsthand why so many children born into poverty live in poverty as adults,” Dr. Rhoiney said. “We routinely credit financial success to hard work, but the truth is that millions of people struggling to support themselves and their families with low wage jobs are working very hard. I see the FinServ Foundation as an important way to diversify the ranks of financial professionals in the United States, including overlooked but talented young people who might not even know this path to success exists.” The addition of Ms. Treichel and Dr. Rhoiney to the board reflects FinServ Foundation's commitment to ensuring a mission-driven and impactful leadership team. Together, they will play a pivotal role in guiding the foundation towards even greater success. They join current advisory board members and leadership team, consisting of Anna N'Jie-Konte, Danny Harvey, Kellan Brown, Brian Money, Michaela Jungbluth, Dr. Craig Lemoine, JaQ Campbell, Dr. Preston Cherry, Kate Healy, Michael Lane, and Jamie Hopkins. For more information about FinServ Foundation and its programs, please visit www.FinServFoundation.org About FinServ Foundation FinServ Foundation is a 501(c)(3) nonprofit organization dedicated to empowering individuals to excel in the financial services sector. Through coaching, mentorships, and scholarships, the foundation actively supports aspiring professionals and fosters a community committed to excellence. With partnerships across 30 colleges and universities, FinServ Foundation continues to make a lasting impact on the future leaders of the financial services industry. Visit www.finservfoundation.org or email president@finservfoundation.org for more information. Contact Details For FinServ Foundation president@finservfoundation.org Company Website https://finservfoundation.org/

July 10, 2024 10:00 AM Eastern Daylight Time

Calibre Mining (OTC: CXBMF) Uses Artificial Intelligence To Push Gold Mining Operations Forward

Benzinga

By Jeremy Golden, Benzinga The artificial intelligence (AI) market, valued at more than $184 billion this year, is among the most groundbreaking tech segments of this generation. Search traffic volume for the keyword “AI” tripled over a one-year period from 2022 to 2023, with more than 30 million searches occurring during March 2023. This demonstrates the heightened appetite for artificial intelligence solutions. The AI market is projected to reach $407 billion by 2027. Amid that growth, it is becoming prominent in several industries, from finance to retail and marketing. Like those fields, the mining industry is on the cusp of being redefined by AI. Advanced technologies now have the capabilities to streamline operations, enhance safety, and unlock unprecedented efficiencies. As enthusiasm for AI reaches new heights, a gold mining company with global projects has already been capitalizing on this generational trend. A Growing Operation Calibre Mining Corp. (OTC: CXBMF) is a gold mining and exploration company whose focus lies in sustainable operation performance and a disciplined approach to growth. The gold producer says its strong pipeline of development and exploration opportunities across the U.S., Canada and Nicaragua includes three producing mines that delivered 28% year-over-year production growth in 2023. The company’s Nicaraguan operations include full ownership of four gold projects, two of which are gold processing plants. With that diversity, Calibre believes it has the assets to become a mid-tier gold producer in the coming years. The company’s operational success in Nicaragua and its newly acquired Valentine Gold project in Canada has positioned it to build on the production growth it has showcased since 2019. Moving forward, Calibre Mining’s leaders expect to significantly surpass 2023’s groundbreaking revenue mark of $561.7 million. This will be fueled by an additional 200 koz of gold per year once Valentine is in production. Calibre Mining has nearly $150 million in cash and strong cash flow from its current operating mines to go with it. With plans in motion to continue expansion on multiple project fronts, the company stands to gain substantially from a new partnership with an AI and machine learning company. AI In Mineral Exploration: Unlocking Previously Unseen Mineral Potential, A New Era Of Mineral Discoveries In the gold mining industry, AI can help companies refine their approach to exploration and resource assessment. Using common geological work, AI algorithms can quickly and efficiently analyze and interpret broad datasets to pinpoint potential gold-bearing areas with shocking accuracy and speed. This expedites the exploration phase by creating something akin to a living, breathing exploration model which evolves as it is fed more data and uncovers areas of potential mineralization which may have been missed due to the sheer size of the dataset. In addition to this, AI has the potential to help minimize the environmental impact of mineral exploration by focusing activities on precise locations. Given the vast exploration potential of its newest asset, Calibre Mining has tapped an artificial intelligence group to leverage the power of advanced machine learning models to analyze and identify potential mineral targets around the Valentine Lake Gold mine in Newfoundland. An AI lens has never been applied to the Valentine Lake database in the past. A first pass by VRIFY has not only validated the company’s high priority targets, but already uncovered a number of high-conviction targets which have never been previously tested. Through the use of Calibre’s extensive proprietary database, VRIFY AI has created a detailed 3D model of potential mineral targets using sophisticated machine learning classifiers. Incorporating probabilistic values allows them to assess the accuracy and efficacy of these models. Calibre Mining says this innovative approach will enhance the precision of mineral targeting, provide valuable insight into new areas of potential mineralization and enable exploration teams to instantly access and apply machine learning at Valentine Lake. This should result in more intentional and potentially accurate drilling of mineral targets while prioritizing exploration spots and discovering previously unidentified mineral prospects. The AI tool has vast potential to pave the way for unbiased geological targeting and subjective data interpretation, accelerating exploration and improving the accuracy of mineral system identification for Calibre Mining. What’s Next? It’s already been an exciting 12 months for the Canadian-listed company, which outperformed last year’s projections by producing more than 283,000 ounces of gold in 2023. Calibre Mining recently took another step forward by acquiring Marathon Gold and its 100% interest in the Valentine Project – a 5 million-plus-ounce resource with significant exploration potential – in January. Since then, the company has completed 73% of the construction and 98% of the engineering on the fully-funded gold mine. The Valentine Project is housed in the central region of Newfoundland and Labrador, a top mining jurisdiction that is primed to become the largest gold mine on the Atlantic Ocean side of Canada. The acquisition will help Calibre Mining become a mid-tier gold producer, with annual production expected to reach about 500 koz by 2026, as estimated by the multiple analysts covering the company. Industry experts believe Valentine is an attractive project that adds significant production, exploration growth and jurisdictional diversification to the company. With first gold expected in Q2 2025, analysts estimate the asset will contribute an additional 195 koz of gold production, bringing Calibre's consolidated 2025 production to about 496 koz – a 78% increase from 2023. Overall, investors at Stifel and TD Cowen, among other companies, are bullish about Calibre Mining, whose repositioned jurisdictional profile should bring its asset mix to about 55% Nicaragua, 38% Canada and 8% U.S. by 2026, according to Stifel’s estimates. The two firms anticipate a respective 22% and 46% potential upside to its target price, based partially on management’s proven track record of execution and strong cash flow. From the company’s investor presentation; upon graduating from junior producer to mid-tier 400-500koz a year producer, Calibre is poised for a potential re-rate. Analysts at both firms have issued buy ratings for Calibre Mining, in part because investors place a premium on miners with lower or diversified political risk, particularly in the current global environment. As Calibre increases its scale, the company’s attractive valuation and growth prospects could help it narrow the valuation gap with its mid-tier peers as it increases its investor profile. With an impressive collection of assets, Calibre Mining is on the brink of a breakthrough. Artificial intelligence has the potential to further these developments. Featured photo by Shane McLendon on Unsplash 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

July 10, 2024 09:15 AM Eastern Daylight Time

Image

1 ... 16 17 18 19 20 ... 3662

Back