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Algernon Pharmaceuticals Strikes Deal to Advance Ifenprodil in Chronic Cough Treatment

Algernon Pharmaceuticals Inc.

Algernon Pharmaceuticals CEO Christopher Moreau joined Steve Darling from Proactive to announce a significant agreement regarding the company's drug, Ifenprodil with U.S. Based Seyltx. Originally discovered in Japan and not utilized in the US or Europe, Ifenprodil was initially developed to treat intermittent claudication but found application in Japan for vertigo post-stroke. Dr. Mark Williams, Algernon's co-founder, identified Ifenprodil's potential for repurposing in new markets, particularly for Idiopathic Pulmonary Fibrosis (IPF) and chronic cough, a symptom associated with IPF. During the interview, Moreau disclosed that the company has entered into a transformative agreement with a private US firm, granting them rights to advance Ifenprodil through a Phase 2b study targeting chronic cough. This agreement provides Algernon with a 20% interest in the acquiring company and a $2 million U.S. cash infusion. This financial injection strengthens Algernon's financial position and enables it to focus on other projects, including a promising study on DMT for stroke treatment. The agreement represents a pivotal moment for Algernon, positioning Ifenprodil for further development in a market with significant potential. Moreover, it allows Algernon to concentrate on advancing its broader drug development pipeline, ensuring the company remains at the forefront of innovation in the pharmaceutical industry. In summary, the agreement concerning Ifenprodil marks a significant milestone for Algernon Pharmaceuticals, underscoring its commitment to advancing novel treatments and maximizing shareholder value. With a strengthened financial position and a focus on strategic initiatives, Algernon is well-positioned for future growth and success in the competitive pharmaceutical landscape. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 28, 2024 08:40 AM Eastern Daylight Time

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Silver North Resources shares busy 2024 drill campaign with Coeur Mining at Tim Property

Silver North Resources

Silver North Resources CEO Jason Weber joined Steve Darling from Proactive to unveil the 2024 drilling program at the Tim Property, which is under option to Coeur Mining, Inc. Coeur intends to commence exploration on the property in June, targeting silver-lead-zinc Carbonate Replacement Deposit (CRD) mineralization similar to that found at Coeur’s Silvertip Mine Property, located 19 km to the south of Tim. Coeur plans to initiate the 2024 program in June, focusing on drilling, geochemical sampling, and drill pad and access development, with crews operating out of the Silvertip Mine Camp. The program aims to complete approximately 2,000 meters of drilling from up to six drill pads, testing the potential for CRD-style mineralization along almost 2,000 meters of strike length of prospective stratigraphy. Weber highlighted the strategic advantages of the Tim property, including road access, which is rare in Yukon exploration, thanks to its proximity to the access road to the Silvertip mine. This access, combined with the region's geological potential and previous findings, underscores the project's significance. Moreover, Weber emphasized the exploration's potential to add value to Silver North Resources' portfolio and share price, independent of silver price fluctuations. The company aims to achieve discovery that enhances its overall value, demonstrating its commitment to advancing exploration efforts and unlocking the full potential of the Tim Property. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 28, 2024 08:37 AM Eastern Daylight Time

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Steppe Gold announces 40 million dollars drawdown for Phase 2 expansion at ATO Gold Mine

Steppe Gold Ltd

Steppe Gold Chief Financial Officer Jeremy South joined Steve Darling from Proactive to announce a significant financing milestone for the Phase 2 Expansion at the ATO Gold Mine, which is 100% owned by the company. This milestone aligns with further progress on the turnkey engineering, procurement, and construction contract, as well as the second project finance drawdown of $40.4 million. South explained to Proactive that Steppe Gold has successfully reached the next financing milestone by making its second payment of US$37 million towards the Phase 2 Expansion. This payment will cover the procurement of major long lead items, mobilization costs, early construction works, and foundational work. The purchased items include flotation cells, grinding mills, cluster cyclones, thickener units, filters, and pumping systems. He emphasized that the Phase 2 Expansion of the ATO Gold Mine is proceeding according to projected timelines and budgets, with commissioning planned for Q1 2026. Importantly, the $150 million Phase 2 Expansion is fully funded by the project finance package made available to the company and its affiliates by TDB Capital and the Trade and Development Bank of Mongolia. This financing milestone underscores Steppe Gold's commitment to advancing the Phase 2 Expansion of the ATO Gold Mine efficiently and effectively. With a fully funded project and progress on procurement and construction, the company remains on track to achieve its expansion goals and enhance its production capacity in the coming years. In summary, Steppe Gold's successful financing milestone for the Phase 2 Expansion reflects its strong financial position and strategic approach to project development. By securing project financing and advancing procurement activities, the company is poised to unlock further value and solidify its position as a leading gold producer in Mongolia. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 28, 2024 08:35 AM Eastern Daylight Time

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Silver Tiger Metals: Advancing the El Tigre Project Towards Production

Silver Tiger Metals Inc.

Silver Tiger Metals CEO Glenn Jessome joined Steve Darling from Proactive to provide further details about the company's active development of its mining projects in Mexico, particularly focusing on the El Tigre project located in Sonora. With over 30 years of experience in the mining industry and concentrated efforts on the 30,000-hectare El Tigre project since 2017-2018, Silver Tiger Metals has achieved significant milestones. According to Jessome, Silver Tiger Metals has made substantial investments totaling over CAD 100 million, including CAD 75 million raised during challenging market conditions over the past few years. This investment has enabled the company to conduct extensive exploration, with over 125,000 meters drilled. The culmination of this exploration effort was the announcement of a substantial resource estimate in 2023 and the completion of a preliminary economic assessment (PEA) for the stockwork zone of the El Tigre project. The PEA revealed a net asset value of nearly USD 300 million, with an initial capital expenditure of less than USD 60 million. It also indicated a promising payback period of 1.7 years and projected approximately USD 500 million in after-tax free cash flow over the first decade. Currently, Silver Tiger Metals is focused on ongoing drilling efforts aimed at transitioning the PEA into a pre-feasibility study (PFS), scheduled for release in the summer. This PFS will further derisk and enhance the economic viability of the project. Sonora, known for its mining-friendly environment, offers excellent logistics and proximity to major mines, providing strategic advantages for the El Tigre project. Looking ahead, the upcoming year is pivotal for Silver Tiger Metals, with key reports such as the PFS and continued exploration aimed at expanding and defining the underground resources. These efforts will lay the groundwork for future production phases, positioning the company for long-term success in the mining sector. In summary, Silver Tiger Metals' commitment to advancing the El Tigre project and its impressive achievements to date demonstrate its potential for significant growth and value creation. With a strategic focus on exploration and project development, the company is well-positioned to capitalize on the vast potential of its mining assets in Mexico. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 28, 2024 08:33 AM Eastern Daylight Time

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Torr Metals shares final positive soil sampling results at Kolos Project

Torr Metals

Torr Metals CEO Malcolm Dorsey joined Steve Darling from Proactive to share exciting updates regarding the company's Kolos Project. Torr Metals has unveiled the final assay results from its 2023 soil sampling program conducted on the Kolos Project, situated just 23 kilometers north-northeast of Merritt, British Columbia, along Highway 5. Dorsey revealed to Proactive that the comprehensive analysis of a total of 3,348 soil samples, covering an expansive area of 48 square kilometers, has yielded promising results. The analysis has delineated five kilometer-scale mineralized zones within a potential cluster porphyry trend spanning 7 kilometers. Notably, each zone exhibits highly anomalous copper (Cu) concentrations, surpassing 200 parts per million (ppm) and reaching a maximum of 1175 ppm Cu. Furthermore, Dorsey highlighted significant discoveries in the northern portion of the 2023 soil sampling grid. This includes the Rea Zone (Cu-Au), measuring 1200 meters by 350 meters, and the Clapperton Zone, spanning 1000 meters by 900 meters. Of particular interest is the presence of highly anomalous Cu-Mo mineralization associated with Late Triassic intrusions near large-scale intersecting north-south and northwest-southeast shear structures within the Clapperton Zone. This geological feature suggests a strong comparison to the nearby Highland Valley Cu-Mo porphyry deposit, located approximately 30 kilometers to the northwest. The promising results from the soil sampling program underscore the potential of the Kolos Project as a significant mineral resource. Torr Metals is optimistic about the prospect of further exploration and development activities, leveraging these findings to advance its understanding of the project's geological characteristics and economic potential. In summary, the latest assay results from the Kolos Project represent a significant milestone for Torr Metals, affirming the project's prospectivity and positioning the company for future success in the exploration and mining sector. With continued exploration efforts and strategic planning, Torr Metals is poised to unlock further value and deliver positive outcomes for its stakeholders. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 28, 2024 08:30 AM Eastern Daylight Time

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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. 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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

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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

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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

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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

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