News Release
Blue Sky Uranium announces Positive New PEA for Ivana deposit in Argentina
Blue Sky Uranium Corp.
Blue Sky Uranium CEO Niko Cacos joined Steve Darling from Proactive to share exciting news regarding the company's Amarillo Grande Project in Argentina. He announced the results of a new Preliminary Economic Assessment (PEA) for the Ivana Uranium-Vanadium deposit, which incorporates a recently updated mineral resource estimate. Notably, approximately 80% of the resources are now classified as Indicated, indicating a high level of confidence in their quality and quantity. The PEA outlines robust economics for a surficial mining operation, projecting 11 years of uranium and vanadium production. Some key financial metrics from the assessment include an after-tax NPV (Net Present Value) of $227.7 million at an 8% discount rate, an after-tax IRR (Internal Rate of Return) of 38.9%, and an after-tax payback period of 1.9 years. Cacos emphasized the company's commitment to ongoing exploration efforts aimed at discovering and delineating new uranium and vanadium resources across the expansive Amarillo Grande project. This underscores Blue Sky Uranium's dedication to maximizing the potential of its mineral assets in Argentina. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 02:38 PM Eastern Daylight Time
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News Release
Replenish Nutrients announces partnership with Dark Horse Ag Ventures on Agriculture Innovation
Replenish Nutrients Holding Corp
Replenish Nutrients Holding Corp CEO Neil Wiens joined Steve Darling from Proactive to shared exciting news about the company's strategic partnership with Dark Horse Ag Ventures, a leading AgTech company specializing in data-driven solutions for precision agriculture. Dark Horse Ag Ventures offers innovative products and technologies aimed at simplifying and optimizing crop inputs, including water and fertilizer, to help farmers manage their operations more effectively and profitably. Their product stack includes Paradigm, Harvest Zones, and Symbiosis, which streamline nutrient management, optimize water-based risk management, and maximize yield potential while minimizing environmental impacts. Wiens explained that the collaboration between Replenish and Dark Horse leverages synergies between their respective offerings. Replenish's focus on regenerative fertilizer solutions and sustainable manufacturing processes complements Dark Horse's data-driven approach to precision agriculture. Together, they form a powerful alliance poised to revolutionize the agriculture industry. This strategic partnership strengthens the product offerings of both companies and opens up new opportunities for sales growth. By combining Replenish's proprietary regenerative fertilizer with Dark Horse's digital agriculture tools, they aim to enhance relationships with farmers and drive increased sales by demonstrating the value and efficacy of Replenish's products through data-supported feedback provided by Dark Horse's platform. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 02:36 PM Eastern Daylight Time
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News Release
Abitibi Metals Corp. Advances Extensive Drilling Programme with Promising Results
Abitibi Metals Corp
Abitibi Metals Corp CEO Jonathon Deluce joined Steve Darling from Proactive share insights into the progress of the company's maiden drill program currently underway at the B26 Deposit. Deluce revealed that the company is in the process of completing its winter drill program, with a targeted minimum of 10,000 meters to be achieved by the end of March. This initial phase represents part of a fully funded 30,000-meter field season planned for 2024. As of the update, Abitibi Metals Corp has completed 7,074 meters across 22 drill holes. This includes drilling activities focused on the Satellite West Zone, where the company is targeting a potential extension to the B26 Main Deposit. Notably, Deluce highlighted the exceptional observations of continuity of visual copper mineralization encountered during drilling activities Of particular significance was an infill hole in the B26 main target, showing about 10 to 15% calc over 11 meters, starting at 40 meters depth, indicating near-surface mineralisation supportive of open pit bulk tonnage potential. Another hole, an extension 500 meters west of the B26 deposit, revealed a VMSS sink target near surface with a copper-rich zone at roughly 120 meters depth, potentially indicating a new zone or extension of the main deposit. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 02:31 PM Eastern Daylight Time
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Arrow Exploration announces update on exploration activity on CN-4 and CN-5 wells
Arrow Exploration Corp
Arrow Exploration CEO Marshall Abbott joined Steve Darling from Proactive to provide an update on the company's activities on the Tapir Block in the Llanos Basin of Colombia, where Arrow holds a 50% beneficial working interest. Abbott shared that the CN-4 well, which was spud in January, has been drilled to a total measured depth of 9,552 feet and targeted the Ubaque formation. The well was completed in the Ubaque formation, revealing 29 feet of true vertical depth net oil pay. The pay zone comprises clean sandstone with consistent properties, including 26% porosity, 5 Darcy permeability, and high resistivities throughout. Following perforation, an electric submersible pump (ESP) was installed in the well. Additionally, Abbott disclosed that the CN-5 well was spud on February 8 to test the Carrizales Noroeste prospect and reached a total depth of 9,050 feet true vertical depth. Initial interpretation of the logging data from this well, situated to the west of the known pool boundary, indicates 45 feet of Ubaque oil pay extending to the base of sand. The reservoir exhibits consistent properties, with 25% porosity and 5 Darcy permeability. The CN-5 well's confirmation of a stratigraphic trapping mechanism in the Ubaque reservoir extending westward is expected to significantly increase the existing Ubaque oil reserves. The company anticipates completing the well for production in the coming weeks. These developments underscore Arrow Exploration's continued progress and success in advancing its operations within the Tapir Block, enhancing its position in the Colombian oil and gas sector. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 02:29 PM Eastern Daylight Time
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Midnight Sun announces collaboration with Bill Gates backed KoBold Metals to explore Dumbwa Target
Midnight Sun Mining Corp
Midnight Sun Mining Corp Director of Marketing and Communications Adrian O’Brien joined Steve Darling from Proactive to share significant news with Proactive, announcing the signing of an earn-in agreement with KoBold Metals, facilitated through their respective Zambian subsidiaries, to explore the Dumbwa Target on Midnight Sun's Solwezi Project in Zambia. O’Brien explained that KoBold Metals, a US-based battery metal exploration and mining company, backed by notable technology investors including Breakthrough Energy Ventures (initiated by Bill Gates) and Silicon Valley venture capital firm Andreessen Horowitz, will have the opportunity to earn a 75% interest in Dumbwa by investing USD$15 million in exploration expenditures. The Dumbwa exploration target holds strategic importance, situated in the heart of the Zambia-Congo Copperbelt, and is one of four key prospects within Midnight Sun's 506-kilometer Solwezi Project. While KoBold Metals focuses on exploring Dumbwa, Midnight Sun plans to continue exploration on its other licenses, as well as the portions of the license where Dumbwa is located, not subject to the earn-in agreement. This partnership with KoBold Metals marks a significant step forward for Midnight Sun Mining Corp, demonstrating its commitment to strategic collaborations and furthering exploration efforts in the highly prospective Solwezi Project. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 02:23 PM Eastern Daylight Time
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Tolu Minerals recent trenching and rock sampling confirms numerous gold trends at Mt Penck Project
Tolu Minerals
Tolu Minerals CEO Iain Macpherson joined Steve Darling from Proactive at our OTC studio in New York City to discuss the results of the company's trench sampling program at the Peni Creek prospect, part of the broader Mt Penck project in Australia. The project is conveniently located, accessible by road just 56 kilometers from an existing deep-water port at the provincial capital of Kimbe on New Britain Island. The infrastructure supporting the oil palm industry in Kimbe provides easy and reliable access to the project site, facilitating future development. Macpherson shared that the company has collected assay results for 432 trench samples and 171 rock samples from the Peni Creek Prospect during a field program in 2023. Among the notable results are samples showing 7.29 g/t Gold + 54.6g/t Silver (PR23076), 60.3 ppm Mo (PR23096), and 686 ppm Cu. These samples were collected from Northwest-trending narrow mineralized zones, confirming the presence of at least 7 separate mineralized structures over a 260-meter-wide zone and 460-meter strike extension. These findings provide additional drill targets and confirm the prospectivity of the Mt Penck project, adding to the existing focus area at the Kavola section. The company plans to conduct further work, including airborne MT geophysics, extensive trenching, and drilling, to explore and delineate the potential of the project further. Macpherson emphasized the importance of engaging with North American investors, highlighting the company's positive reception in the region. The interview underscores Tolu Minerals' long-term vision and accelerated exploration strategies. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 02:19 PM Eastern Daylight Time
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Splash Beverage Expands Distribution Network for Beverage Brands, Secures Retailer Partnerships
Splash Beverage Group Inc
Splash Beverage CEO Robert Nistico joined Steve Darling from Proactive to share exciting updates about the company's expanding distribution network for its beverage brands. Splash Beverage owns a growing portfolio of alcoholic and non-alcoholic beverage brands, including Copa di Vino wines by the glass, SALT Naturally Flavored Tequila, Pulpoloco Sangría, and TapouT Performance Hydration. Nistico announced that Splash Beverage has secured new distribution within Terrible’s Convenience, a prominent retailer with a significant presence in Las Vegas, Nevada. Copa di Vino single-serve wine will now be available in all 115 Terrible’s convenience stores in the greater Las Vegas area, offering shoppers four of Copa di Vino’s varietals. This expansion aligns with the growing trend of convenience retailers adding more wine to their assortments, with average per-store sales of wine and liquor increasing 6.4% last year. Additionally, Nistico revealed that Pulpoloco Sangria will be offered in all Sea World Parks & Entertainment venues across California, Florida, Pennsylvania, Virginia, and Texas. This distribution partnership follows another significant development: a distribution partnership with Armada Distributing, a prominent distributor in the state of Oklahoma. These distribution expansions mark significant milestones for Splash Beverage, reflecting the company's strategic efforts to grow its presence and offer its diverse range of beverage brands to a wider audience. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 02:16 PM Eastern Daylight Time
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Silver Range Resources provides update on exploration activities and sells non-core asset
Silver Range Resources Ltd
Silver Range Resources CEO Mike Power joined Steve Darling from Proactive to announce the sale of the South Weepah Property to Fortitude Gold. The transaction involved a sale price of $10,000 along with a 2% Net Smelter Return (NSR) covering the four property claims and a surrounding area of interest. Notably, the property, which was staked in November 2023, had not undergone any exploration work prior to the sale. Silver Range Resources views this collaboration with Fortitude Gold positively, given Fortitude's focus on mining high-grade gold projects in Nevada, mirroring many of those within Silver Range's portfolio. Power also revealed that Silver Range Resources has resumed exploration activities in Nevada. Aligning with current market conditions, the company will prioritize generative work in the Southwest U.S., allocating resources to property exploration as deemed feasible. In addition to these developments, Silver Range Resources announced the appointment of John Gilbert as Vice President. Gilbert brings a wealth of expertise to the role, holding a Bachelor's Degree with Honors in Geology from the University of Phoenix and a Master's Degree in Structural Geology from the University of Vermont. With extensive experience as an exploration geologist, Gilbert has been instrumental in various facets of the exploration business. Prior to joining Silver Range in 2022, he successfully managed a private prospect generator, overseeing the development and vending of exploration projects in New Brunswick. In summary, Silver Range Resources continues to advance its exploration initiatives, leveraging strategic partnerships and a talented leadership team to drive value creation in the mining sector. With a renewed focus on generative work and a strengthened executive team, the company is well-positioned to capitalize on opportunities and deliver results for shareholders. Stay tuned for further updates as Silver Range Resources progresses with its exploration activities and strategic endeavors. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 01:57 PM Eastern Daylight Time
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Intrusion announces key contract win for Intrusion Shield in Philippines
Intrusion Inc.
Intrusion CEO Tony Scott joined Steve Darling from Proactive to share exciting news about the company's expansion of its key Intrusion Shield SaaS services in the Philippines. This expansion follows the success Intrusion has experienced in the first quarter, with customers in various sectors of the Philippines economy, including natural gas exploration and development, water utilities, and the government sector. The new agreements allow for the broader use of Intrusion Shield protection within these organizations after successful proof of concepts. Scott emphasized that cyber-attacks have been increasing worldwide, underscoring the critical need for effective cybersecurity solutions. Intrusion believes that its Shield products provide cybersecurity teams with enhanced capabilities to identify, deflect, and eliminate new and emerging cyber threats. The company aims to continue this trend in 2024, leveraging reseller agreements to build a robust sales pipeline and focusing on converting existing proofs of value (POVs) and proof of concepts (POCs) into revenue-generating customers. Overall, Intrusion is committed to providing advanced cybersecurity solutions to organizations globally, and the expansion of its services in the Philippines reflects its dedication to addressing the evolving cybersecurity challenges faced by businesses and governments around the world. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
March 18, 2024 01:54 PM Eastern Daylight Time
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