News Release
Ocean Power Technologies looks to expand growth teaming with major defense contractor
Ocean Power Technologies Inc
Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to unveil a groundbreaking development: the signing of a teaming agreement with a major international defense contractor. This strategic alliance is poised to propel maritime domain awareness to new heights by leveraging OPT's innovative Merrows suite of solutions. In his discussion with Proactive, Stratmann elucidated that the teaming agreement grants the international contractor exclusive rights to provide OPT's Maritime Domain Awareness Solution (MDAS) within specified geographic regions. This collaboration represents a fusion of OPT's cutting-edge technology with the contractor's unparalleled expertise in defense, homeland security, and commercial programs, aiming to fortify capabilities in maritime security and surveillance. At the heart of this collaboration lies MDAS, a revolutionary solution developed by OPT that integrates state-of-the-art data collection and analysis capabilities. By harnessing autonomous marine platforms such as vehicles and buoys, coupled with advanced sensors and data analytics, MDAS delivers comprehensive maritime surveillance, tracking, and monitoring capabilities. This real-time situational awareness empowers stakeholders across various sectors, including defense, environmental monitoring, and search and rescue operations. The partnership between OPT and the international defense contractor heralds a new era of innovation and collaboration in the realm of maritime domain awareness. By pooling their respective strengths and resources, the two entities are poised to enhance security and safety in key maritime regions, safeguarding vital interests and promoting stability in an ever-evolving global landscape. As OPT continues to push the boundaries of technological innovation, this partnership underscores the company's commitment to advancing maritime security and sustainability. Stay tuned for further updates as OPT and its collaborators pave the way for a safer and more secure maritime domain, empowered by cutting-edge solutions and strategic partnerships. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
April 17, 2024 02:47 PM Eastern Daylight Time
Video
News Release
Nevada Lithium CEO discusses innovative mining model proposed at Bonnie Claire
Nevada Lithium Resources Inc
Nevada Lithium CEO Stephen Rentschler joined Steve Darling from Proactive to provide an insightful update on the proposed Hydraulic Borehole Mining (HBHM) method earmarked for extracting high-grade mineralized material at the Bonnie Claire lithium project in Nevada. Shedding light on the latest developments, Rentschler revealed that Kinley Exploration has furnished a working model based on HBHM, demonstrating its efficacy in extracting mineralized slurry from depths ranging between 1500 feet and 2500 feet at Bonnie Claire. The focus of this model is on the extraction of previously intersected high-grade mineralization, notably highlighted by intersections such as the one in Hole BC2303C, which revealed a remarkable concentration of 4,154 ppm lithium over a span of 680 feet. This data serves as a testament to the project's substantial lithium potential and underscores the viability of the HBHM approach in unlocking this value. Moreover, Rentschler disclosed that Nevada Lithium is embarking on the task of updating its 2021 Preliminary Economic Assessment (PEA) to incorporate recent developments. This updated PEA will encompass drilling data from 2022 and 2023, including lower high-grade mineralization such as that observed in Hole BC2303C. Detailed modeling of the hydraulic mining method will be conducted, encompassing parameters such as production rates, capital expenditures (CAPEX), operating expenditures (OPEX), and projected water usage. Furthermore, the company will undertake an update of its metallurgical work, showcasing its ability to produce battery-grade lithium carbonate at the scale of a bulk sample of mineralized sediment. This critical step underscores Nevada Lithium's commitment to ensuring the feasibility and scalability of its lithium extraction process, paving the way for commercial production in the future. As Nevada Lithium forges ahead with its comprehensive update and refinement of project parameters, the company remains steadfast in its mission to unlock the full potential of the Bonnie Claire lithium project. Stay tuned for further updates as Nevada Lithium continues to advance towards its goal of becoming a leading player in the lithium market, poised to meet the burgeoning demand for this critical component of the clean energy transition. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
April 17, 2024 02:43 PM Eastern Daylight Time
Video
News Release
NextSource Materials on track with building of Battery Anode Facility in Mauritius
Nextsource Materials Inc
NextSource Materials Executive Vice President Brent Nykoliation joined Steve Darling from Proactive to unveil the latest advancements in the development of the company's Battery Anode Facility (BAF) located in the Freeport Zone of the port of Port-Louis, Mauritius. Through meticulous planning and a rigorous site selection process, NextSource Materials has achieved a significant milestone by securing a long-term lease agreement for the site, marking a pivotal step forward in the establishment of its inaugural BAF plant. Nykoliation elaborated on the company's progress, highlighting the integration of engineering enhancements into the plant's design and the initiation of the environmental permitting process (EIA). This strategic approach underscores NextSource Materials' commitment to adhering to stringent environmental standards while ensuring operational efficiency and sustainability. In a testament to its forward-thinking approach, the company has pre-ordered process equipment boasting a production capacity of 3,600 tonnes per annum of spheronized and purified graphite, a critical component in battery anode production. The fabrication and assembly of this cutting-edge equipment are currently underway offshore, with plans for shipment to Mauritius upon the completion of the EIA process. Concurrently, NextSource Materials has already taken delivery of SuperFlake graphite concentrate from the Molo Mine and essential equipment for the operation of a small-scale pilot line at the site. This proactive measure aims to streamline the production of samples for key original equipment manufacturer (OEM) customers, thereby accelerating the commercialization process. Looking ahead, NextSource Materials is poised to unveil an updated economic assessment for the BAF site, offering stakeholders a comprehensive overview of the project's financial viability and potential returns. The forthcoming announcement reflects the company's unwavering commitment to transparency and accountability, providing investors with valuable insights into the economic prospects of its operations. Contact Details Proactive North America Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com
April 17, 2024 02:41 PM Eastern Daylight Time
Video
News Release
Power Nickel expands near surface copper, platinum, and palladium 5 km away from Main Nisk Deposit
Power Nickel Inc
Power Nickel Inc CEO Terry Lynch joined Proactive to share the exciting news of the initial assay results for hole PN-24-044, a pivotal component of the company's ongoing drill program at the Lion Discovery site. The outcomes have been overwhelmingly positive, with 15 out of 16 holes yielding promising results. Among the highlights, PN-24-044 revealed an impressive intersection, boasting 0.60 meters of 24.3 grams of gold, 5.7 grams of silver, 5.29% copper, 3.26 grams of palladium, 0.29 grams of platinum, and 3.31% nickel. These remarkable findings underscore the rich mineralization potential of the Lion Discovery area. The ongoing drill program, characterized by a standard fan drilling design, has been instrumental in systematically probing the presence of the mineralized zone. Thus far, the results have been nothing short of exceptional, with the current mineralized envelope extending to a minimum depth of 300 meters below the surface and spanning a lateral distance of at least 225 meters. Importantly, the mineralization remains open in all directions, hinting at the possibility of further discoveries. Based on the current interpretation, the mineralized zone is situated at the contact with the ultramafic rock, exhibiting a sigmoidal geometry. Notably, a high-grade shoot has been identified, steeply plunging to the north-northeast (NNE), adding another layer of complexity and excitement to the exploration efforts. As Power Nickel continues to analyze and interpret the data from its ongoing drill program, anticipation mounts for the release of additional assay results. These forthcoming findings are expected to provide further insights into the extent and richness of the mineralization at the Lion Discovery site, bolstering the company's confidence in its exploration endeavors. With each successful drill hole, Power Nickel edges closer to unlocking the full potential of the Lion Discovery area, reaffirming its commitment to value creation for its shareholders and stakeholders alike. Stay tuned for more updates as the company advances its exploration efforts and continues to unearth new opportunities in the dynamic world of mineral exploration. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
April 17, 2024 02:40 PM Eastern Daylight Time
Video
News Release
US Global Investors says Costco’s Gold Sales are Shaking Up the Market
U.S. Global Investors
U.S. Global Investors CEO Frank Holmes joined Steve Darling from Proactive to delve into the enduring allure and recent market dynamics surrounding gold. Over the span of the century, gold has consistently proven its mettle, outperforming the S&P 500 by an impressive margin of 50%. This enduring value of gold has been influenced by a myriad of factors, including deliberations among G20 finance ministers, central bank policies, and the tenets of modern monetary theory (MMT). Holmes underscored the significant role played by central banks in bolstering gold's prominence, noting a trend of consistent acquisitions dating back to 2010. Over the past two years alone, central banks have collectively added an average of 1000 tonnes of gold to their reserves annually, underscoring their enduring faith in the intrinsic value of this precious metal. Moreover, Holmes highlighted a fascinating retail trend that has emerged in recent times, exemplified by Costco's remarkable success in selling $100 million worth of gold wafers in a short span. Notably, a substantial portion of these sales were attributed to professional Asian women hailing from China and India, reflecting a deep-seated cultural affinity for gold within these demographics. This demographic segment, accounting for 60% of gold demand, is often referred to by Holmes as "the great love trade." The discussion further delved into the evolving landscape of gold purchasing, with notable shifts such as the Bank of Nova Scotia's exit from the gold market. In light of such developments, retailers like Costco have stepped up to meet consumer demand, making gold more accessible to a wider audience. Looking ahead, Holmes offered insights into potential future trends, including the anticipated impact on junior gold mining stocks and broader retail implications. He hinted at the possibility of gold's availability expanding into mainstream retail outlets, envisioning a scenario where major stores like Walmart could soon offer gold as part of their product offerings. As the conversation unfolded, it became evident that gold's enduring allure transcends mere investment value, embodying a cultural and historical significance that continues to resonate with investors and consumers alike. Stay tuned as U.S. Global Investors continues to navigate the intricate dynamics of the gold market and uncover opportunities for investors in this precious metal. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
April 17, 2024 02:37 PM Eastern Daylight Time
Video
News Release
Rail Vision score major US order advancing railway safety using its AI technology
Rail Vision Ltd
Rail Vision CEO Shahar Hania joined Steve Darling from Proactive to share exciting news about the company securing an order for its innovative AI-powered Switch Yard System from a Class 1 freight rail company in North America. This order, previously announced, marks a significant milestone for Rail Vision as it expands into the North American market and sets a new standard for safety and efficiency in rail operations. The freight rail company, one of the largest in North America, will install and evaluate the system on its locomotive to test various safety scenarios. Hania explained that Rail Vision's Switch Yard System utilizes electro-optic sensors combined with AI, machine learning, and Advanced Driver Assistance System solutions to address limited vision issues, extending the range of sight and reducing downtime. By enhancing punctuality, efficiency, and safety, the system aims to revolutionize rail operations. This announcement comes shortly after Rail Vision received another order for its AI-driven Switch Yard System from Loram, a leading US-based provider of railway track maintenance equipment and services. The order from Loram serves as a pilot project to integrate Rail Vision's advanced technology into Loram's rail track maintenance operations. This collaboration underscores both companies' commitment to advancing railway safety and operational efficiency. If the pilot project proves successful, Rail Vision and Loram will explore opportunities to expand their collaboration, potentially integrating Rail Vision's innovative solutions into Loram's service offerings across the United States. This strategic partnership highlights the potential for Rail Vision's technology to make a significant impact on the railway industry's safety and efficiency standards. Watch the full interview for more insights into Rail Vision's recent developments and its vision for the future of rail transportation. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
April 17, 2024 02:34 PM Eastern Daylight Time
Video
News Release
First Phosphate agrees to collaboration agreement with Pekuakamiulnuatsh First Nations
First Phosphate Corp
First Phosphate Corp CEO John Passalacqua and Vice President of Government Relations Armand Mackenzie joined Steve Darling from Proactive to announce the company and the local First Nations, Pekuakamiulnuatsh Takuhikan have announced the signing of a collaboration agreement with respect to its proposed phosphate mine and Lithium Iron Phosphate cathode active material plant project in the Saguenay-Lac-Saint-Jean Region of Quebec, Canada. The agreement sets out guidelines regarding employment opportunities, business horizons, environmental protection across the Nitassinan or ancestral lands, harmonization of exploration work with the members of the First Nation who occupy the Nitassinan, and the supervision of future work. Future access to the industrial park at Mashteuiatsh for Project development and financial participation in the Project by the First Nation are under consideration. The First Nation is also committed to collaborating with the Company in the establishment of rare igneous phosphate as a critical and strategic mineral at the Canadian federal levels of government. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
April 17, 2024 12:56 PM Eastern Daylight Time
Video
News Release
Fathom Nickel releases results from Q-1 drill program at Albert Lake Project
Fathom Nickel Inc
Fathom Nickel CEO Ian Fraser joined Steve Darling from Proactive to unveil the results of the Q1 drill program conducted at the company's Albert Lake Project. The program, characterized by the drilling of 6 holes totaling 1,386 meters, has yielded promising outcomes, with drillhole AL24077 intersecting 0.42% nickel over a significant intersection of 2.01 meters. A key highlight emphasized by Fraser is the nickel mineralization's host rock: orthopyroxenite. This particular geological formation is integral to the host rock assemblage identified at the nearby Rottenstone deposit, renowned for its exceptionally high-grade nickel, copper, and platinum group elements (PGE). The proximity of the mineralization to the historic Rottenstone deposit, located approximately 1.2 kilometers to the northeast, underscores the potential significance of this discovery. Of particular importance is the 10% nickel tenor defined in intervals comprising less than 3% sulphide in drillhole AL24077. This observation suggests the possibility of net-textured to massive sulphide mineralization occurring along strike, and potentially at depth, within the same ultramafic unit. If realized, this could pave the way for the development of a mineral deposit boasting metal grades akin to those of the historic Rottenstone deposit, marking a significant milestone in Fathom Nickel's exploration journey. Fraser also provided an update on drilling activities at the flagship Gochager Lake Project, noting that drilling has been successfully completed. Assay results from this drilling program are eagerly anticipated and are expected to be released by the end of May, providing further insights into the project's mineral potential and setting the stage for future exploration efforts. As Fathom Nickel continues to advance its exploration initiatives, these recent developments underscore the company's commitment to unlocking the full potential of its projects and delivering value to its stakeholders. Stay tuned for further updates as Fathom Nickel navigates the dynamic landscape of mineral exploration and continues to pursue its strategic objectives with vigor and determination. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
April 17, 2024 12:54 PM Eastern Daylight Time
Video
News Release
ARway.ai announces prestigious George Mason University sign up for company platform
ARway.ai
ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to unveil an exciting development: George Mason University (GMU) has partnered with ARway.ai and is set to integrate the ARway platform into its campus infrastructure. As part of a visionary project slated for 2024, GMU will deploy ten spatial maps across its sprawling campus, revolutionizing campus navigation and enhancing the overall student experience. In his discussion with Proactive, Gappelberg highlighted the significance of this partnership, noting GMU's substantial undergraduate enrollment of approximately 27,014 students and the expansive campus spanning 817 acres. The scheduled deployment of ARway is poised to commence in early summer, affording the university ample time to rigorously test the platform's capabilities and gauge its efficacy before potentially implementing a full campus rollout in 2025. The ambitious plans for 2024 include an expansion of the augmented reality tour, empowering students to seamlessly locate and navigate to various offices and buildings across the campus. By leveraging ARway's innovative technology, GMU aims to enhance the accessibility of campus resources and elevate the overall student experience to unprecedented levels. Moreover, GMU has already taken proactive steps to share its pioneering experiences with ARway, having submitted several conference proposals to disseminate findings on this groundbreaking technology. Additionally, dedicated time has been allocated for further research and development efforts over the summer, underscoring GMU's commitment to harnessing cutting-edge tools to enrich the educational journey of its students. The enthusiasm at GMU for exploring the interactive capabilities of ARway is palpable. Preliminary beta testing has instilled confidence in the platform's potential to foster engagement and promote self-efficacy, both of which are integral to the long-term success of the college experience. As GMU embarks on this transformative journey with ARway.ai, the possibilities for innovation and advancement in campus navigation and student engagement are boundless. Stay tuned for more updates as GMU pioneers the integration of augmented reality into its campus ecosystem, setting new standards for educational technology and student empowerment. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com
April 17, 2024 12:52 PM Eastern Daylight Time
Video
