News Hub | News Direct

All Industries


Article thumbnail News Release

Bitcoin Price Could Surpass $150k by the End of the Year

MarketJar

The Bitcoin bull run is back and it could be its strongest run yet, according to experts. After a tumultuous 2022, which saw the cryptocurrency market lose $2 trillion and Bitcoin's price drop by 63%, experienced a remarkable turnaround. 1 Last week, the Bitcoin price hit a new record high, surpassing an impressive $73,000 for the first time. Although the weekend saw a mix of fear and greed as Bitcoin dropped to lows of $64,500, it has since rebounded above $69,000, with significant selling of BTC put options indicating that fear has diminished and investors are eager to buy the dip. 2 This resurgence is attributed to the approval of Bitcoin exchange-traded funds (ETFs) by the SEC, simplifying the investment process and attracting institutional investors. Major players like BlackRock are heavily investing in Bitcoin ETFs, highlighting the cryptocurreny’s growing mainstream acceptance. Looking ahead, a 'halving' event in April could further boost Bitcoin prices by tightening supply. Yet, risks persist, especially with retail investors borrowing to invest in crypto, which could amplify market volatility. The current market rally has led many financial firms to adopt a bullish stance on crypto. Standard Chartered recently revised its year-end target for Bitcoin to $150,000. 3 Analysts Gautam Chhugani and Mahika Sapra from Bernstein are optimistic about Bitcoin's future, reiterating their $150,000 price target by mid-2025. 4 They anticipate growing institutional interest in Bitcoin equities, benefiting mining companies. Scott Melker and Bitwise's CIO Matt Hougan foresee a bullish trend for Bitcoin, with Hougan suggesting a potential price surpassing $200,000 this year. Galaxy Digital CEO Mike Novogratz also sees significant global demand for Bitcoin. Bitcoin isn’t the only cryptocurrency experiencing a surge. Following a memecoin frenzy over the weekend, Solana surpassed $200 and reached a record $89 billion market cap. Solana's total trading volume also surpassed Ethererum, reaching over $6.3 billion on March 16 and 17 compared to ETH’s $4.4 billion. According to a lead market analyst at crypto exchange Swyftx, “Solana has effectively become the “people’s coin,” with the potential to reach $415, and even as high as $1,000. As crypto continues its ascent, companies like Neptune Digital Assets Corp. (TSXV:NDA) (OTCQB:NPPTF) (FSE:1NW) stands out as a leader in the industry, focusing on financial technology and providing investors with access to a wide range of blockchain and cryptocurrency assets. Neptune Digital Assets, which was named as one of the top performers on the TSX Venture Exchange for the second time in 3 years, is pioneering a comprehensive strategy that leverages the full spectrum of digital currency operations, including Bitcoin mining, staking, blockchain nodes, and decentralized finance (DeFi). By offering investors an opportunity to engage with a diversified portfolio of income-generating digital assets, Neptune not only democratizes access to the burgeoning sector but also ensures a balanced exposure to its potential rewards. Seizing Growth Opportunity Through Strategic Solana Investment On March 27, Neptune Digital Assets Corp. (TSXV:NDA) (OTCQB:NPPTF) (FSE:1NW) reached a significant growth milestone in its proof-of-stake operations with the acquisition of 26,964 Solana (SOL) tokens, a leading proof-of-stake (PoS) blockchain protocol. The purchase was made at a price of US$64 per SOL token, representing a 66% discount to the current market value of US$193 per SOL. This move reflects Neptune 's commitment to identifying and capitalizing on high-potential opportunities in the digital asset space. The company now holds a total of 31,181 staked SOL tokens, which are earning rewards. Neptune has been actively expanding its staking business line, where it delegates tokens or operates nodes to secure PoS blockchain networks and earn rewards. These rewards contribute to Neptune 's revenue streams, enhancing value for shareholders. With Solana's PoS mechanism, Neptune Digital Assets anticipates generating an annual yield of approximately 7.5%. The acquired Solana tokens will be locked and staked, with 80% being released linearly on a monthly basis until January 2028 and the remaining 20% in March 2025. During the lock period, the tokens will earn staking rewards, subject to fluctuation. "Our growing focus on proof-of-stake cryptocurrencies such as Solana, Polkadot, and Atom aligns with our commitment to generating sustainable revenue streams in the rapidly evolving blockchain ecosystem,” said Cale Moodie, CEO of Neptune Digital Assets. “Solana's staking rewards, combined with its robust infrastructure, present an attractive opportunity for Neptune to generate revenue while contributing to the security and decentralization of the Solana network. This is a remarkable opportunity to grow our assets and revenues at a substantial discount to prevailing market prices." Solana is known for its fast transaction speeds and low fees, making it a popular platform for decentralized applications (dApps) and decentralized finance (DeFi) projects. With this investment, Neptune positions itself at the forefront of innovation in the blockchain space. In January, Neptune Digital Assets announced its financial results for the quarter ending November 30, 2023 with $39 million in assets and no debt. The company's digital asset portfolio includes significant holdings of 335 BTC and 175,000 ATOM, along with investments in ETH, DOT, SOL, GRT, and a notable $3.52 million stake in SpaceX, reflecting Neptune 's strategic and diversified investment approach in the blockchain and digital assets sector. Click here to learn more about Neptune Digital Assets Corp. (TSXV:NDA) (OTCQB:NPPTF) (FSE:1NW). [1] https://techmonitor.ai/technology/emerging-technology/bitcoin-price-surging-sustainable [2] https://www.coindesk.com/markets/2024/03/18/bitcoin-back-above-67k-as-memecoins-push-up-sol-and-avax/ [3] https://cryptopotato.com/standard-chartered-ups-bitcoin-prediction-by-50-150k-by-2024-end/ [4] https://news.bitcoin.com/analysts-now-more-convinced-of-bitcoin-reaching-150000-by-mid-2025/ Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Neptune Digital Assets Corp. Market Jar Media Inc. has or expects to receive from Neptune Digital Assets Corp.’s Digital Marketing Agency of Record (Native Ads Inc) one thousand five hundred USD for this article. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Neptune Digital Assets Corp.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Neptune Digital Assets Corp.’s industry; (b) market opportunity; (c) Neptune Digital Assets Corp.’s business plans and strategies; (d) services that Neptune Digital Assets Corp. intends to offer; (e) Neptune Digital Assets Corp.s milestone projections and targets; (f) Neptune Digital Assets Corp.’s expectations regarding receipt of approval for regulatory applications; (g) Neptune Digital Assets Corp.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Neptune Digital Assets Corp.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Neptune Digital Assets Corp.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Neptune Digital Assets Corp.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Neptune Digital Assets Corp.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Neptune Digital Assets Corp.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Neptune Digital Assets Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Neptune Digital Assets Corp.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Neptune Digital Assets Corp.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Neptune Digital Assets Corp.’s business operations (e) Neptune Digital Assets Corp. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, Neptune Digital Assets Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Neptune Digital Assets Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Neptune Digital Assets Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Neptune Digital Assets Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Neptune Digital Assets Corp. or such entities and are not necessarily indicative of future performance of Neptune Digital Assets Corp. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

March 28, 2024 08:30 AM Eastern Daylight Time

Image
Article thumbnail News Release

Greenwave Technology Solutions Could Be Emerging As Recycling Leader By Increasing Metal Processing Capabilities In Eastern U.S.

Benzinga

By Meg Flippin, Benzinga Somebody’s garbage is another person’s treasure couldn’t be truer when it comes to recycling steel. Unlike plastics and other materials, steel can be melted and recast over and over to be made into new things. It could be the chassis of a vehicle one day and melded into beams for a skyrise the next. Using recycled steel instead of new material can cut related CO2 emissions by about 75% as it uses about 70% less energy than manufacturing new materials. As a result, it’s not surprising that recycled steel is in demand as the world moves toward a greener future. As it stands, two out of every three tons of steel produced come from recycling. In 1980 it was just one out of every ten tons produced. Recycled Metal Driving Growth It's also big business. In 2019, the metal recycling market was valued at $52.1 billion and is projected to reach $76.1 billion by 2025, growing at a CAGR of 7.8% during the forecast period. That growth opportunity hasn’t been lost on Greenwave Technology Solutions Inc. (NASDAQ: GWAV), the operator of 13 metal recycling facilities in Virginia, North Carolina and Ohio. It also operates Scrap App Inc., a wholly owned subsidiary that created an AI-based quoting system for metal from construction and demolition projects, lists the nearest scrap yards with their real-time pricing and has a points-based rewards system. The unit has generated over $200,000 in revenue within its first 130 days of operations, with Scrap App capturing market share for end-of-life motor vehicles in the Hampton Roads, Virginia and Cleveland markets, says the company. Greenwave has plans for the unit to expand into other strategic markets soon. Peddle, a competitor to Scrap App, has an annual revenue of around $159 million, underscoring the opportunity for the company. Radius Recycling Inc. (NASDAQ: RDUS), another competitor to Greenwave sports a market capitalization of about $540 million. Business Growth Since its inception, Greenwave reports that it has witnessed growth, with the company generating $18.46 million in revenue and $1.23 million in cash flow from operating activities in the six months ended June 30, 2023. The company is currently in growth mode, aggressively expanding its footprint of recycling locations by acquiring independent, profitable scrap yards across the country. The company reports that the market is highly fragmented and ripe for consolidation. When it comes to bolt-on buys Greenwave is committed to not overpaying and is focused on pursuing deals that don’t have a lot of dilution or impact cash flow. The company’s goal is to utilize seller’s notes as its preferred form of consideration as it expands. Greenwave’s Scrap App Greenwave recently announced that its wholly-owned subsidiary, Scrap App, launched new AI-powered features to optimize pricing and sales. In a recent press release, Greenwave stated that the company anticipates Scrap App's planned national expansion, coupled with its AI strategy, will accelerate growth. Greenwave Chairman and CEO Danny Meeks stated "We plan to expand Scrap App to multiple new markets across the United States in the coming weeks. As a technology platform, Scrap App has the ability to scale to new markets with minimal capital investment – we do not have to open a new facility, purchase additional equipment, or significantly expand overhead when we enter a new city. We believe Scrap App has the potential to generate significant, high-margin revenue and create value for Greenwave shareholders." Building A Better Recycling Plant The company’s recycling facilities collect, classify and process raw scrap metal both ferrous and nonferrous, and then apply in-house technologies to increase metal processing volumes and operating efficiencies such as a downstream recovery system and a cloud-based ERP system. To boost efficiency and thus sales, the company recently began operations of a metal baler, wire stripper and three sheers at its non-ferrous processing facility in Portsmouth, Virginia. The high-capacity metal baler is capable of compacting large amounts of metal into dense bales – significantly reducing the amount of labor and cost required to process, transport and sell copper and aluminum products, says Greenwave. By condensing more material into each load of metal it sells, the company should be able to reduce transportation costs and realize a greater profit margin. It will also make it easier to export its products to domestic and international clients, potentially increasing the revenues generated by its products. Greenwave’s Second Shredder Greenwave’s customers include large corporations, industrial manufacturers, retail customers and government organizations. Earlier this month, Greenwave announced Dominion Energy Inc. (NYSE: D) is in the process of connecting Greenwave’s second automotive shredder to the power grid with operations expected to commence shortly after that, doubling Greenwave’s annual shredded ferrous output. It's the second Greenwave automotive shredder – an American Pulverizer 60x85 – connected to the power grid. By shredding the steel Greenwave sells unshredded, the company expects to generate about 25% to 30% more revenue with “significant” margins on that steel volume, putting the company on track to achieve what it says are record revenues and record volume of steel processed this year. “Greenwave’s second shredder provides the infrastructure for us to expand our footprint of metal recycling facilities up from 13 currently – significantly growing Greenwave’s revenues, margins, and free cash flow,” CEO Danny Meeks said. “We believe the market is significantly undervaluing Greenwave and firmly believe that by continuing our hub-and-spoke strategy of shredder hubs with feeder yards, we will become an increasingly attractive acquisition target of the major scrap metal conglomerates.” Growth Across Markets But its second shredder isn’t the only growth driver for this recycling company. Greenwave, which also operates under the Empire Recycling moniker, reports that it is seeing strong growth from its Virginia Beach and Cleveland scrap yards, with revenue, volume and profits all growing. That, says the company, puts it in a good position to become a leader in both markets in the not-too-distant future. It doesn’t hurt that the company has successfully restructured its senior secured debt, enabling it to operate the second auto shredded in Carrollton. Virginia, which is scheduled to be connected to the power grid by April 9. Recycling metal is a growing business and is only expected to grow as companies, government entities, cities and even countries look for ways to lower their emissions. Greenwave Technology Solutions recognizes that and is positioning itself for what could prove to be long-term growth as it snaps up its scrappier rivals and expands into new markets. Featured photo by v2osk 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 28, 2024 08:30 AM Eastern Daylight Time

Image
Article thumbnail News Release

Sierra Metals looking to build on success in 2023 for a very productive 2024

Sierra Metals Inc

Sierra Metals CEO Ernesto Balarezo joined Steve Darling from Proactive to discuss the company’s financial performance for the three months and full year ending December 31, 2023. Sierra Metals reported robust results, with revenue reaching $60.6 million for the fourth quarter, marking a notable increase of 58% compared to Q4 2022. Additionally, the company achieved an Adjusted EBITDA of $12.2 million and produced 21.1 million pounds of Copper equivalent, representing a substantial 78% increase from Q4 2022. Balarezo highlighted to Proactive that Sierra Metals aims to capitalize on its strong performance in 2023 by leveraging strategic initiatives and operational enhancements. With the Level 1120 permit now secured at Yauricocha, the company anticipates ramping up production to full capacity later in 2024. Additionally, in Bolivar, Sierra Metals is focused on constructing a new tailings facility, which is expected to increase production capacity by 50% to 7,500 tonnes per day over the next two to three years. In terms of exploration, Sierra Metals is actively seeking partnerships to develop its assets and maximize their potential. The company remains committed to advancing its projects and is poised to publish new NI 43-101 mineral reserve and resource reports in the near future. Overall, Sierra Metals' strong financial performance and strategic initiatives position the company for continued growth and success in the mining sector. With a focus on operational excellence, expansion projects, and exploration partnerships, Sierra Metals is well-positioned to create long-term value for its shareholders and stakeholders alike. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 28, 2024 08:28 AM Eastern Daylight Time

Video
Article thumbnail News Release

Montage Gold Aims to Establish a Leading Gold Mining Company in Africa

Montage Gold Corp

Montage Gold Inc CEO Martino De Ciccio joined Steve Darling from Proactive to share exciting developments as the company strives to establish a multi-asset gold mining enterprise focused on Africa. Drawing on his nine-year tenure at Endeavor, De Ciccio's transition to Montage Gold reflects a strategic move to capitalize on the burgeoning opportunities within the gold mining sector, backed by support from London investors. Central to Montage Gold's strategy is its flagship project, the Kone project located in Cote d'Ivoire, which is currently at the DFS (Definitive Feasibility Study) stage. The project holds immense promise, with projections indicating annual production of over 300,000 ounces for the first eight years, at an industry-leading cost of $1,000 per ounce, and a robust 16-year mine life. These impressive metrics firmly position the Kone project as a standout venture in Africa, distinguished by its scale, quality, and the favorable operational environment in Cote d'Ivoire. Over the past year, Montage Gold has made significant strides under new London backing, focusing on updating the feasibility study to reflect a higher-grade deposit. The company successfully completed a financing round, surpassing its initial target by raising $35 million. This funding infusion will propel Montage Gold through to the construction phase, facilitating additional drilling to enhance the mine plan, initiating digital engineering and land compensation efforts, and streamlining financing and permitting processes. Montage Gold's extensive land package offers substantial exploration potential beyond the Kone deposit, which already hosts an impressive 4 million ounces of gold. The presence of multiple mineralized trends and identified targets near the Kone deposit augurs well for the discovery of additional smaller deposits, further bolstering the project's economic viability. Operating in Cote d'Ivoire provides Montage Gold with distinct advantages, including established mining infrastructure, easy site access, and a favorable regulatory environment. These factors contribute to the company's confidence in its ability to execute its ambitious plans and establish a significant gold mining presence in Africa. As Montage Gold progresses through 2024 under De Ciccio's leadership, the company is poised to realize its vision of becoming a leading player in the African gold mining landscape, with the Kone project serving as a cornerstone of its success. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 28, 2024 08:25 AM Eastern Daylight Time

Video
Article thumbnail News Release

MTB Metals Advances Porphyry Copper-Gold Exploration in BC's Golden Triangle

MTB Metals

MTB Metals CEO Lawrence Roulston joined Steve Darling from Proactive to share news about the company advances its exploration projects in the Golden Triangle of British Columbia, covering nearly 600 square kilometres across six distinct projects. The company's primary focus is on the Telegraph project, a porphyry copper-gold prospect located near four other world-class porphyries with identical geology. Roulston told Proactive that during recent discussions at the PDAC conference and subsequent meetings, MTB Metals has attracted considerable interest from major mining companies for potential joint ventures or strategic investments, particularly in the Telegraph project. This interest stems from the project's promising location and the substantial exploration potential it holds. In 2021, MTB Metals consolidated a large property area and has conducted three field seasons of exploration. Towards the end of the last season, four drill holes were completed across a 3.3-kilometre trend within the Telegraph project, indicating a large-scale porphyry system. While retail investors showed limited enthusiasm for the initial drilling results, major mining companies recognized the broader potential of the system, understanding that these initial holes only begin to reveal the project's capacity. Ralston plans to further explore the already drilled area and other porphyry centers within the 350-square-kilometre property, emphasizing the project's significant exploration and development potential. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 28, 2024 08:23 AM Eastern Daylight Time

Video
Article thumbnail News Release

Medicus Pharma says U.S. FDA has provided comments on Phase 2 Clinical Protocol of SKNJCT-003

Medicus Pharma

Dr. Raza Bokhari, Executive Chairman and CEO of Medicus Pharma joined Steve Darling from Proactive to share significant updates regarding the company's interaction with the U.S Food and Drug Administration (FDA). Medicus Pharma has received comments from the FDA, pertaining to its recent study findings and regulatory submissions. The FDA's feedback regarding the study results is considered exploratory, with specific requests directed towards providing additional data from clinical studies to support the doses of 100μg and 200μg of micro-array needles containing doxorubicin. Additionally, the FDA has requested an updated investigator brochure, incorporating insights from the clinical studies SKNJCT-001 and SKNJCT-002, focusing particularly on adverse events and dose-limiting toxicities at each dose level. Dr. Bokhari conveyed to Proactive that the SKNJCT-001 study successfully met its primary objective of assessing safety and tolerability. The investigational product, D-MNA, demonstrated favorable safety profiles across all dose levels among the thirteen participants enrolled in the study. This encouraging outcome underscores the potential of D-MNA as a safe and well-tolerated therapeutic option. In response to the FDA's requests, Medicus Pharma is committed to making a comprehensive submission in the second quarter of 2024. This submission will include the requested data and an updated investigator brochure, meticulously incorporating insights from the SKNJCT-001 and SKNJCT-002 studies. Furthermore, the submission will encompass Chemistry, Manufacturing, and Controls (CMC) stability data, ensuring a comprehensive and robust dossier. Dr. Bokhari reiterated Medicus Pharma's dedication to adhering to regulatory guidelines and fostering transparent communication with regulatory authorities. By addressing the FDA's queries and providing comprehensive data, the company aims to facilitate the regulatory review process and advance the development of D-MNA towards potential regulatory approval. In summary, Medicus Pharma remains steadfast in its commitment to advancing innovative therapies while upholding the highest standards of safety and efficacy. The company's proactive engagement with regulatory agencies reflects its dedication to bringing impactful treatments to patients in need. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 28, 2024 08:21 AM Eastern Daylight Time

Video
Article thumbnail News Release

Pantheon Resources Eyes Resource Upgrade and Financing Developments

Pantheon Resources PLC

Pantheon Resource CEO Jay Cheatham and Justin Hondris, Head of Finance and Corporate Development joined Steve Darling from Proactive to detail their financial and operational status, along with upcoming projects and collaborations. The company's General and Administrative expenses rose slightly to $4 million, reflecting its growth trajectory, and reported a loss of $5.7 million. However, they have a robust cash balance of $8.7 million. An anticipated update from an independent expert report by Netherland, Sewell and Associates is expected to significantly upgrade the resource estimates for the Kodiak project, particularly noting improved reservoir properties due to its shallower depth. This enhancement stems from recent acquisitions in a lease sale, promising better porosity and permeability characteristics. CEO Jay Cheatham also commented on the neighbouring activity by 88 Energy, noting close proximity and collaboration between the two companies' operations teams, especially regarding the Hickory 1 well. Pantheon is optimistic that positive outcomes from 88 Energy's projects could have favourable implications for their operations. Furthermore, Justin Hondris, involved in finance and corporate development, highlighted ongoing discussions regarding vendor offtake financing, with an update planned for the end of the quarter. This financing is crucial for advancing Pantheon's significant assets and ambitions, although immediate cash influx from this arrangement should not be anticipated by investors at this stage. Overall, Pantheon Resources is positioned for a busy period ahead, with significant updates on financing and project evaluations forthcoming. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 28, 2024 08:18 AM Eastern Daylight Time

Video
Article thumbnail News Release

Ventripoint Diagnostics Provides Corporate Update and Announces Conference Call

Ventripoint Diagnostics Ltd.

Toronto, Ontario – TheNewswire – March 28, 2024 - Ventripoint Diagnostics Ltd. (" Ventripoint " or the " Company "), (TSXV:VPT ); ( OTC:VPTDF) is pleased to provide a corporate update on the Company’s current status and the outlook for 2024. The Company entered 2024 continuing the refinement of its foundational technology and is currently strengthening its operations to enable more effective marketing, sales and customer support.  Hugh MacNaught assumed the role of Interim President and CEO in early February. “ During the past six weeks I have had the opportunity to more fully assess the technology, team and market opportunity and have identified key areas of focus for the company as it progresses towards the growth phase of its development,” commented Mr. MacNaught. “The enhancements to echocardiography enabled by VMS+ provide greater efficiency and reduced cost to healthcare providers while improving accessibility and comfort to patients.  The Company has no debt, a dedicated and motivated team, and a well-differentiated product. Our highest priority is to drive clinical awareness and adoption of our AI technology by healthcare providers in 2024”. Sales, Marketing, and Distribution Ventripoint’s highest priority for 2024 is to demonstrate its ability to establish commercial traction with product that has obtained regulatory clearance in key markets such as the U.S., E.U., U.K., and Canada.     During the current quarter key activities include: 1.   Recruitment and on-boarding of a Strategic Partnerships Executive, Bart Hendriks, whose principal focus is on the E.U and U.K markets; 2.   Communicating with the existing customer base to assess the use of VMS+ in real life clinical settings and develop deeper insights into clinical indications and procedure volumes; 3.   Meeting with E.U. and U.K. distributors to review 2023 performance and 2024 objectives. We are working to improve the efficiency of installation, training and acceptance at customer sites to enable faster implementation of VMS+ products; 4.   Releasing VMS+3.2 with enhanced ease of use and 3D visualization features, for sale; 5.   Conducted an advanced training workshop in Germany led by Dr. med. Kai Thorsten Laser, Deputy Director and Senior Physician of the Clinic for Paediatric Cardiology and Congenital Heart Defects at the Heart and Diabetes Center North Rhine-Westphalia, Germany. 6.   Identifying the conferences in 2024 that align most closely with Ventripoint’s commercial objectives.  Ventripoint is a Silver Sponsor for the 2024 AEPC meeting in May, where Ventripoint is a Silver Sponsor and will be providing demonstrations and a product workshop at the conference; 7.   Engaging the Visual Friday agency to perform a refresh of the Ventripoint brand. Style elements will be introduced in the next quarter; 8.   Initiating an update to the corporate website. This includes moving the site to a more flexible and robust platform and will include incorporation of style elements generated by the brand refresh; 9.   Initiating adoption of a CRM. This will integrate input from distributors, facilitate effective forecasting, and enable efficient manufacturing and supply chain management; 10.   Initiate recruitment of an MBA intern to develop market insights and intelligence. This is an important first step in evolving the corporate culture to addressing unmet clinical needs and ensuring optimal product/market fit. 11.   Closing the sale of a VMS+3.2 system to a top 10 U.S. cardiology centre; 12.   Engaging in ongoing discussions with partner Ascend regarding marketing, sales and development opportunities; 13.   Continuing to work with the Ollie Hinkle Heart Foundation to introduce VMS+ to paediatric cardiology centres. Product Development and Manufacturing During the current quarter key activities include: 1.   Release of VMS+3.2 for sale.  The key benefits to this update are related to the removal of magnets from the sensors, eliminating a calibration step and simplifying clinical workflow; 2,   Moving towards completion of validation and verification testing for VMS+4.0; 3.   Engaging service provider to perform Medical EMC Testing for Professional Healthcare Environment to comply with updated IEC 60601 standard; 4.   Preparation for submission of VMS+4.0 to FDA for 510(k) clearance; 5.   Passing the semi-annual factory inspection for NRTL certification; 6.   Initiating creation of a technology roadmap; 7.   Review of project management process and procedures; 8.   Review of supply chain, inventory and manufacturing. Finance During the current quarter key activities include: 1.   Working with auditors to complete the annual audit; 2.   Reviewing capital requirements for the current year. After review and discussion, the Board of Directors has identified the need to secure off-the-market financing to support the company’s operations in 2024. An announcement will be made shortly concerning this matter. Added Mr. MacNaught “Over the next month we will continue to focus on closing sales for VMS+3.2, preparing for the AEPC conference in May, submitting VMS+4.0 to FDA for 510(k) clearance and optimizing our internal processes to support growth.  During this time, I will be devoting more time and attention to the U.S. market to ensure that Ventripoint achieves a high rate of success.” Conference Call The Company will hold a conference call to discuss this update. Wednesday April 3 rd, 2024 11.00 am Eastern Time Participants can access the call by dialing 1-844-763-8274 or +1-647-484-8814. It is recommended that you call 10 minutes before the scheduled start time to avoid the queue.   After the call, an audio recording will be made available via telephone for one month, until end of day May 3rd. The recording can be accessed by dialing 1-855-669-9658 or +1-604-674-8052 and using the access code 5078#.   A written transcript of the call will be available on Ventripoint’s website shortly after its conclusion.   About Ventripoint Diagnostics Ltd. Ventripoint has become an industry leader in the application of AI (Artificial Intelligence) to echocardiography. Ventripoint's VMS products are powered by its proprietary knowledge-based reconstruction technology, which is the result of a decade of development and provides accurate volumetric cardiac measurements equivalent to MRI. This affordable, gold-standard alternative allows cardiologists greater confidence in the management of their patients. Providing better care to patients serves as a springboard and basic standard for all of Ventripoint's products that guide our future developments. In addition, VMS+ is versatile and can be used with all ultrasound systems from any vendor supported by regulatory market approvals in the U.S., Europe and Canada. For further information, please contact: Jonathan Robinson JRobinson@oakhillfinancial.ca 416-669-1001 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward Looking Statements This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends'' and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis that is available on the Company's profile on SEDAR at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

March 28, 2024 08:16 AM Eastern Daylight Time

Article thumbnail News Release

Xalles Holdings: nurturing tech startups towards lucrative exits

Xalles Holdings

Xalles Holdings (OTC:XALL) chairman Thomas Nash takes Proactive's Stephen Gunnion through the company's strategy of acquiring technology companies with strong assets and management teams, as well as the potential for significant growth. Nash explained that Xalles targets early-stage companies, guiding them through a business lifecycle that spans from incubation to acceleration and growth, with the ultimate aim of achieving a profitable exit. Nash emphasized the importance of the management team and key personnel in these acquisitions, stating that companies remain wholly owned subsidiaries, retaining their original management to ensure motivation and alignment with Xalles Holdings’ goals. Xalles Holdings does not adopt a hands-on approach in the daily operations of its acquisitions but provides support in areas like financial backing, marketing, PR, and leveraging business development networks, Nash said. This support is aimed at helping subsidiaries refine their business plans and navigate towards financial milestones effectively. The company's acquisition strategy does not have a fixed timeframe, offering flexibility to adapt to each company's unique needs and market conditions. This strategy includes various phases, from early-stage incubation with Exotic Studio to acceleration with Exogamous Advisors and eventually to a formal acquisition under the RISE model, which stands for Roll In Selected Exit. Pending acquisitions include 100% of Fluid Tech and a stake in WooSender, demonstrating Xalles Holdings’ diverse portfolio. The company also reported a 234% growth in revenue year-over-year for the third quarter of 2023, marking its ninth consecutive quarter of revenue growth, attributed to strategic acquisitions and effective support for these companies. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 28, 2024 08:15 AM Eastern Daylight Time

Video
12345 ... 3391