News Release
MTB Metals first hole of drilling at Telegraph project confirms mineralization
MTB Metals
MTB Metals CEO Lawrence Roulston joined Steve Darling from Proactive to share exciting assay results from the inaugural drill program at the company's flagship Telegraph project in the highly prolific Golden Triangle region. The results from Hole DK2023-01 are particularly noteworthy, with an intersection of 107 meters carrying 0.38% copper equivalent (CuEq). Within this interval, another 6-meter section boasts a higher grade of 1.07% CuEq. These intersections are found within a broader zone of mineralization that averages 0.21% CuEq over 436 meters. Roulston explained that Hole 1 was positioned on the margin of a prominent IP (induced polarization) chargeability zone, and this zone appears to be dipping away from the drill hole trace. Further drilling will be required to define the geometry of the hydrothermal system and to better target areas of increased mineralization. The drilling results confirm the presence of valuable mineralization in the Telegraph Project and validate the use of geophysical data, specifically IP chargeability anomalies, as a valuable tool for identifying potential mineral-rich areas. This development underscores the exploration potential and significance of the Telegraph Project within the Golden Triangle, setting the stage for further exploration and discovery in this highly prospective region. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
December 12, 2023 02:03 PM Eastern Standard Time
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Rotunda Capital Partners Announces New IT and Cyber Operating Partner
Rotunda Capital Partners LLC
Rotunda Capital Partners ("Rotunda"), an operationally focused private equity firm that partners with family-founder owned businesses, is pleased to announce the addition of Matt Mitchell to its team of Operating Partners. Mr. Mitchell will be responsible for providing experienced guidance and support with the goal of driving value creation on key IT and cyber related portfolio company initiatives that will enhance the platform to drive organic growth and accelerate the pace of acquisition integration. Mr. Mitchell joins Rotunda with over 30 years of experience working across a broad array of industries to establish digital strategies, architect IT roadmaps and build cyber risk management capabilities designed to maximize value creation. He previously served as Chief Information Officer at Covington & Burling, LLP, a global law firm. Prior to that, he was CIO of AARP, a nationally recognized nonprofit, CIO of Cenveo, a world leader of the distribution and management of print offerings and CIO of Aramark, a leading global education organization with over 3,000 locations. "We fully expect that Matt’s considerable expertise in implementing and leading strategic initiatives in IT will facilitate growth, mitigate risk and accelerate enterprise value creation initiatives within the portfolio," said John Fruehwirth, managing partner of Rotunda. "Rotunda remains committed to investing in our Operating Partner team to enhance the success of our portfolio companies." "I admire Rotunda’s focus on operational excellence, and its commitment to strong partnerships with portfolio companies," said Mr. Mitchell. "I am excited to collaborate with my fellow Operating Partners and management teams to drive value across the portfolio." About Rotunda Capital Partners Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial, business, and residential services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com. Contact Details Rotunda Capital Partners Margaux Valle +1 240-962-1707 PR@rotundacapital.com Company Website https://www.rotundacapital.com
December 12, 2023 01:56 PM Eastern Standard Time
News Release
Volta Metals discovers spodumene-bearing pegmatites as company releases final hole at Falcon West
Volta Metals Ltd
Volta Metals CEO Karem Usenmez joined Steve Darling from Proactive to share exciting news about the company's Falcon West Lithium Property in northwestern Ontario, Canada. Volta Metals has successfully completed its inaugural drill program at the property, consisting of 11 holes and covering a total distance of 933 meters. This drill program focused on five recently discovered spodumene pegmatites within a 300m by 500m area. The results have been promising, with all drill holes intersecting near-surface spodumene mineralization. In particular, one drill hole intersected an 11.7-meter-wide mineralized pegmatite that remains open in all directions. Notably, this first-ever drilling program tested only a small portion of the expansive 13km² land package held by Volta Metals. The valuable lithochemistry and structural data obtained from this early phase of drilling will play a crucial role in the ongoing development of a lithium pegmatite exploration model. These achievements underscore Volta Metals' commitment to exploring and developing its mineral assets, particularly in the promising lithium space. The results of this drill program signify the potential for valuable lithium resources within the Falcon West Lithium Property, further contributing to the growth of the clean energy and electric vehicle sectors. Contact Details Proactive United States +1 604-688-8158 action@proactiveinvestors.com
December 12, 2023 01:55 PM Eastern Standard Time
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Aclara Resources announces 576% increase in resources with new discovery in Brazil
Aclara Resources Inc
Aclara Resources CFO Francois Motte joined Steve Darling from Proactive to share exciting news regarding the company's resource expansion through a significant discovery of ionic clay in Brazil. This discovery has led to the Inferred Resource Estimate for the Carina Module, reported in accordance with NI 43-101 guidelines, which stands at an impressive 168 million tonnes with a total rare earth oxide content of 1,510 ppm. Of particular importance is the presence of substantial quantities of critical rare earth elements such as Dysprosium, Terbium, Neodymium, and Praseodymium within the Carina resource. These rare earth elements hold significant importance in the manufacturing of electric vehicles and wind turbines, making this discovery highly relevant to the clean energy sector. Motte highlighted that Aclara's rare earth recovery process aligns seamlessly with the company's patented and successfully demonstrated processing technology at a pilot scale. This technology is specifically designed to minimize both cost and environmental impact. Notably, the ionic clays rich in rare earths will be extracted from a shallow open pit using mechanical excavation. Importantly, this process does not generate tailings, eliminating the need for a tailings storage facility. Looking ahead, Aclara Resources has ambitious plans to further enhance the resource base. This includes adding resources at depth through a reverse circulation (RC) drilling program already in progress and scheduled for completion in Q2 2024. Additionally, the company aims to produce samples by piloting Carina's ionic clays at Aclara's pilot plant in Chile during December 2023 and January 2024. These steps will pave the way for the completion of an initial Preliminary Economic Assessment in January 2024. This remarkable discovery and resource expansion highlight Aclara Resources' commitment to supplying critical rare earth elements essential for the growth of clean energy technologies while embracing environmentally responsible mining practices. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
December 12, 2023 01:48 PM Eastern Standard Time
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Tonix Pharmaceuticals shared details of IND clearance for Phase 2 trial of TNX-2900
Tonix Pharmaceuticals
Tonix Pharmaceuticals CEO Dr Seth Lederman joined Steve Darling from Proactive to delve into the significant development involving the US Food and Drug Administration (FDA)'s clearance of the Investigational New Drug (IND) application for TNX-2900. This innovative drug represents a proprietary magnesium-enhanced formulation of intranasal oxytocin, designed to address Prader-Willi syndrome (PWS) in children and adolescents. Dr Lederman was quick to highlight the importance of this milestone, noting that TNX-2900 had already been granted Orphan Drug designation by the FDA back in 2022. The IND clearance paves the way for a crucial Phase 2 study, aimed at determining the optimal dosage for TNX-2900 in treating PWS. This study will involve approximately 36 PWS patients, thoughtfully divided into four distinct groups, each comprising around nine patients. Within these groups, one will receive a placebo, while the remaining three will be administered varying dosage regimens of TNX-2900. Tonix Pharmaceuticals' strategic plan includes the intention to collaborate with a partner to further advance TNX-2900 through its clinical development for PWS. This collaborative effort underscores the commitment to addressing a pressing medical need, as PWS stands out as the most common genetic cause of life-threatening childhood obesity. Importantly, PWS affects both males and females equally, spanning all races and ethnicities. This complex syndrome arises due to the absence of expression of specific genes located on the paternally acquired chromosome 15. In essence, this groundbreaking development in the treatment of Prader-Willi syndrome represents a significant step forward in the pursuit of better outcomes for children and adolescents grappling with this challenging condition, demonstrating Tonix Pharmaceuticals' dedication to advancing medical science and improving the lives of those affected by rare diseases. Contact Details Proactive Studio +1 347-449-0879 na-editorial@proactiveinvestors.com
December 12, 2023 01:40 PM Eastern Standard Time
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Ocean Power Technologies secures new multi-million-dollar contract with U.S Government
Ocean Power Technologies Inc
Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to announce a significant development for the company. Ocean Power Technologies has secured a letter contract from a US-based prime contractor for the delivery of multiple maritime domain awareness buoys, with a strong emphasis on national security and intelligence. Stratmann shared insights into this collaborative effort between OPT and the prime contractor, emphasizing the shared goal of providing multidomain marine solutions in support of US government agencies. OPT's PowerBuoy technology will serve as a cornerstone in enhancing surveillance capabilities both above and below the waterline, making a substantial contribution to maritime domain awareness initiatives. The current contract enables OPT to advance the preparation of multiple Next Generation PowerBuoy systems, with the expectation of receiving further details in the future. The integration of OPT's cutting-edge technology signifies a significant step forward in bolstering maritime surveillance efforts, ultimately enhancing security and safety within the maritime domain. This collaboration reinforces OPT's position as a key player in the development of innovative solutions that contribute to national security and intelligence efforts. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com
December 12, 2023 01:35 PM Eastern Standard Time
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Century Lithium provides an update on the company ongoing Feasibility Study at Clayton Valley
Century Lithium Corp.
Century Lithium CEO Bill Willoughby joined Steve Darling from Proactive with an update on the company's ongoing efforts related to lithium extraction, including advancements in pilot plant testing and the progress of the Feasibility Study for the Clayton Valley Project. Century Lithium's comprehensive Feasibility Study encompasses all aspects of the lithium extraction process, from shallow surface mining of lithium-bearing clay to the on-site production of battery-grade lithium carbonate. In line with its commitment to efficiency and optimization, the company has collaborated with its Feasibility Study team to revise and update estimates. In response to the inherent volatility in the lithium market, Century Lithium is exploring a phased approach to full-scale production. This strategy aims to offer prospective investors and partners a lower-risk financing alternative. The company is actively working with its consultants to identify viable phases and establish associated schedules. One particularly promising development arising from pilot plant testing is the significant surplus of sodium hydroxide generated as a by-product during the lithium extraction process. Given the Western United States' heavy reliance on imports for this essential chemical, Century Lithium recognizes the potential for revenue from the sale of sodium hydroxide. This by-product could serve as a valuable domestic supply of sodium hydroxide, catering to various industrial needs, including water treatment. To properly evaluate these alternatives and incorporate the economic benefits of by-product sales, Century Lithium is conducting a market study, which will be seamlessly integrated into the overarching Feasibility Study. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
December 12, 2023 01:29 PM Eastern Standard Time
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Revolutionizing wood waste-to-fuel: exclusive insights with Cielo Waste Solutions CEO Ryan Jackson
Cielo Waste Solutions Corp
Cielo Waste Solutions CEO Ryan Jackson joined Steve Darling from Proactive to discuss the company's innovative technology addressing wood waste-to-fuel, distinguishing it from biofuel production. Cielo focuses on wood waste streams, not food sources like corn or soy. Jackson highlighted the company's exclusive deal with Expander Energy for project development, unveiling plans for six facilities in the next five years. Cielo strategically opts for multiple smaller facilities rather than one large one, driven by feedstock availability. The technology's sweet spot, producing 1500 to 2000 barrels per day, allows flexibility in facility placement, minimizing costs. The company primarily collaborates with the railway industry, addressing the disposal challenge of creosote-treated railway ties. Looking ahead to 2024, Jackson emphasized advancing projects through engineering and design stages, aiming for groundbreaking on at least two facilities. Cielo recently announced a capital raise for specific projects, demonstrating their commitment to sustainable wood waste solutions. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
December 12, 2023 01:23 PM Eastern Standard Time
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Oshri Cohen, technologist, startup founder, and former executive, on his road to fractional CTO advocacy
Prodigy Press Wire
Fractional CTO, technology expert, and startup founder, Oshri Cohen has mastered more languages, frameworks, and architectures than he’d like to count. However, his experiences have educated him on the misguided understanding companies and workers have about a CTOs role. That alone inspired him to found Red Corner, a boutique fractional CTO firm, as an answer to the persistent issues that all businesses face with technology. Oshri Cohen, Founder of Red Corner Oshri has a rich background in the tech industry. He began his journey as a software developer and later progressed into C-suite positions that led him toward entrepreneurship. The collective experience of working in fast-paced startups, global corporations, and for his own companies helped him understand technical roadblocks businesses encountered. He chose to pursue fractional CTO work independently because it provided him with exciting opportunities to solve new problems each day. The work was demanding, but extremely rewarding as Oshri deeply enjoys teaching others as much as he loves solving technical problems. "The main thing I love about being a fractional CTO is seeing where a client’s staff is in their career, then offering a path they can use to improve their skills, and be happier. That exact thing is also what makes my business so successful. All of our staff utilize an integrated coaching approach so clients and their staff are guaranteed to learn something new every day. Not everyone does that, but I think it’s the responsibility of a leader, and I’m honored to help others in that way.” Red Corner Company Logo Oshri founded Red Corner because he knew that independent fractional CTO consulting couldn’t reach the masses. His business was meant to spread the word and the effects of what a real CTO should be doing. Since founding the company, Oshri has worked with prominent companies worldwide that suffer from similar issues. After 23 years in technology, he says that he can spot the problems from a mile away. This is especially true as Red Corner leverages a diversely qualified Council of CTOs on every project. It’s abnormal for fractional CTO firms like Red Corner to formulate an advisory board, but Oshri felt it was fundamental for the work he wanted to do. Not only are all of the members highly useful for helping clients, they cultivate a company culture of collaboration and innovation. Red Corner is known for providing stellar fractional CTO services and unbiased advice too, which underlines Oshri’s main goal of transforming technology in your company into a stress-free operation that helps grow your business. Oshri hasn’t been a fractional CTO forever, but it’s something he envisions doing for the long term. The job encourages him to stay authentic and make direct impacts on the lives and success of businesses around the world. For him, that feels much more fulfilling than holding a full-time CTO position. Oshri hopes that other technology leaders consider pursuing fractional CTO work. As he spearheads Red Corner’s success, Oshri will continue advocating for companies and tech professionals to redefine CTO work and its role in business operations and development. He hopes that his insight will contribute greatly to the evolution of how technology is pioneered at an enterprise level. Media Contact Name: Oshri Cohen Email: Oshri@redcorner.io Release ID: 838573
December 12, 2023 12:30 PM Eastern Standard Time
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