News Release
Millennial Potash releases Maiden Mineral Resource Estimate on Banio Potash Project
Millennial Potash Corp
Millenail Potash Corp Chairman Farhad Abasov joined Steve Darling from Proactive to share significant news regarding the company's Banio Potash Project in Gabon. Millennial Potash has released the results of its maiden Mineral Resource Estimate (MRE) for the northern part of the Banio Potash Project. The MRE incorporates new assay data from historic holes BA-002 and BA-003, along with assay results from additional potash cycles encountered during the drilling extension of BA-002, which was completed in September 2023. The MRE encompasses both Indicated and Inferred Mineral Resources. The Indicated Mineral Resources are estimated to be approximately 657 million tonnes, with a grade of 15.9% KCl, equating to 104.6 million tonnes of contained KCl. In contrast, the Inferred Mineral Resources are estimated to be approximately 1.159 billion tonnes, with a grade of 16.0% KCl, equating to 185.3 million tonnes of contained KCl. Abasov explained that this MRE forms a solid foundation for the upcoming Preliminary Economic Assessment (PEA). The PEA will explore various production scenarios utilizing solution mining and will likely include a proven processing route for the production of Muriate of Potash (MOP) directly on the Atlantic coast. These developments are significant milestones for Millennial Potash as the company advances its Banio Potash Project and further solidifies its position in the potash market. Contact Details Proactive Canada Proactive Canada +1 604-688-8158 action@proactiveinvestors.com
February 05, 2024 01:13 PM Eastern Standard Time
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News Release
Reunit Wallet Launches Reward Program: Trade To Earn
Reunit
Reunit Wallet, an omnichain wallet built on technology developed by LayerZero & Stargate Finance, is launching a volume-based reward program. In an effort to stimulate trading activity on its integrated platform and attract new users, Reunit Wallet is implementing a reward system for traders. Starting now, for every $100 in generated volume, users will receive 1 REUNI. Additionally, if a referral code is used, a 25% bonus will be applied. Users who share their referral code will also enjoy a 25% bonus on the rewards generated by the traders they've referred. Furthermore, Reunit Wallet has plans to soon introduce a staking feature for REUNI tokens. Participants in the staking program will receive 50% of the fees generated from transactions made through Reunit Wallet. Useful links Website: Twitter / X: About Reunit Wallet: Created by a former core-team member of Sushiswap (2020-2022), Reunit Wallet is the first natively omnichain wallet that enables seamless batch transfers across multiple blockchains with a single click. It also offers an integrated trading terminal supporting limit and market orders, providing a comprehensive and seamless trading experience. Security is a paramount priority for Reunit Wallet, which is why the wallet conducts a comprehensive simulation of each transaction and signature, allowing the user to anticipate the outcomes of their transaction, including token transfer confirmations or the granting of necessary permissions. Contact Details Reunit Wallet B.Naïm contact@everywhere.finance
February 05, 2024 01:07 PM Eastern Standard Time
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News Release
Flora Growth Corp's CEO Reveals Record-Breaking Financials and Exciting 2024 Plans
Flora Growth Corp
Flora Growth CEO Clifford Starke joined Steve Darling from Proactive to share exciting news about the company's remarkable financial performance and its strategic plans for the future. Flora Growth is a diversified company with three main pillars, and it recently reported its best-ever financial results. Starke highlighted Flora's three core pillars, Vessel which is a rapidly growing brand with widespread distribution, the CBD Gummy Division, and Fatima a pharmaceutical company based in South Germany. The company recently went under strategic restructuring, which included the sale of an unprofitable Colombian entity and streamlining its team, which led to a net income of $1.1 million in the last quarter. The success of the last quarter is attributed to these strategic decisions, setting the stage for a promising 2024. Looking ahead, Flora Growth plans to enter the rapidly growing US beverage market by launching a product called Mellow in Q1. Leveraging its strong distribution network, the company aims to capitalize on the untapped potential in the beverage segment. Starke emphasized the importance of continuous product innovation, hinting at upcoming releases in 2024 that will compete with established brands in the dry herb space. As Flora Growth anticipates a record-breaking year, Starke highlighted their commitment to product innovation and strategic expansion, positioning the company as one to watch in the cannabis industry. Contact Details Proactive United States Proactive United States +1 347-449-0879 action@proactiveinvestors.com
February 05, 2024 01:03 PM Eastern Standard Time
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LNG Energy CEO Pablo Navarro Reveals Exciting Discoveries and Ambitious Plans for 2024
LNG Energy Group Corp
LNG Energy Chairman and CEO Pablo Navarro joined Steve Darling from Proactive to discuss the company's latest developments and future prospects. The company marked a significant milestone in the fall of 2023 when it went public, following the acquisition of the Colombian exploration and production assets of Lewis Energy Group, the third-largest natural gas producer in Texas. This acquisition was successfully completed on August 15, 2023. In the interview, Navarro elaborated on the company's journey and its transformation following the go-public transaction. Drawing on the legacy of Lewis Energy Colombia, which had been operating in Colombia for 17 years, LNG Energy Group is poised to grow and develop its portfolio swiftly and responsibly. The company operates in five blocks in Colombia, with its primary producing field, Bullerengue, strategically located near easily accessible high-demand markets. One of the key highlights discussed was a recent discovery in the Bullerengue West 5 well, which yielded both natural gas and black oil. This discovery not only expands the existing field but also demonstrates the presence of oil independently, adding to the company's asset value. Looking ahead to 2024, LNG Energy has ambitious plans, including drilling three to four wells and conducting workovers to enhance productivity and increase cash flow. The company's goal is to achieve self-sustainability by using existing cash flows to fund operations and meet financial obligations. The interview underscores the promising outlook and busy year that lies ahead for LNG Energy Group, building on its strong foundation and growth potential. Contact Details Proactive United States Proactive United States +1 347-449-0879 action@proactiveinvestors.com
February 05, 2024 12:47 PM Eastern Standard Time
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Hercules Site Services says new construction academy aims to address skills shortage in the UK
Hercules Site Services PLC
Hercules Site Services PLC CEO Brusk Korkmaz tells Proactive's Stephen Gunnion that the newly-launched Hercules Construction Academy is a pivotal move to address the significant skill shortage in the UK construction industry, particularly exacerbated after the UK's departure from the European Union. Korkmaz highlighted the academy's aim to not only provide a solution for Hercules but also to contribute nationally. With the construction sector facing a dire need for skilled labour, the academy promises to offer a wide range of courses including all accredited by the Construction Industry Training Board (CITB) and the National Open College Network. The academy is set to embrace modern construction methods, aiming to make the sector smarter, greener, and more efficient. In its first year, the academy plans to train over 400 individuals, emphasising construction as a career choice and not just a temporary job. With the capacity to expand staff and student intake, the academy is well-positioned to support the UK's growing infrastructure projects, including HS2 and various billion-pound developments, underscoring Hercules' commitment to training the next generation of construction workers and engineers. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
February 05, 2024 12:40 PM Eastern Standard Time
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Helium One Global achieves milestone as Itumbula West-1 well yields up to 4.7% helium concentrations
Helium One Global Ltd
Helium One Global Ltd chief executive Lorna Blaisse joined Proactive's Stephen Gunnion with news of a groundbreaking discovery at the Itumbula West-1 well in the Rukwa Rift Basin in Tanzania, where testing confirmed significant helium concentrations up to 4.7%, marking a major milestone for the company. This discovery led to a near doubling of the company's share price, underlining the market's strong response to what is potentially one of the largest sources of primary helium globally. Unlike many projects that produce helium as a byproduct of hydrocarbon extraction, Helium One's project is unique for its pure helium, nitrogen, and now hydrogen mix, without any methane or carbon dioxide, making it exceptionally promising for industrial and technological applications. The CEO highlighted the strategic adjustments made in drilling locations to target fault zones rich in helium, a move that has paid off by tapping into high-quality reserves. Additionally, the project revealed a surprising 2.2% concentration of hydrogen, further enhancing its value. This hydrogen discovery, significantly above background levels, fits the geological model and adds another layer of commercial potential, especially considering the global demand for hydrogen as a clean energy source. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
February 05, 2024 12:37 PM Eastern Standard Time
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Europa Oil & Gas says Inishkea West gas prospect presents lucrative development opportunity
Europa Oil & Gas (Holdings) PLC
Europa Oil & Gas PLC chief executive William Holland joined Proactive's Stephen Gunnion after the company received a crucial license extension for its gas project offshore Ireland, showcasing confidence in the company's technical and financial preparedness. Holland said the positive development follows extensive seismic reprocessing efforts that enhanced imaging and reduced risks associated with the project, particularly around the Inishkea West prospect. The reprocessing, progressing from 10 to 30 Hertz, aims to fine-tune the prospect's imaging without materially altering its significant potential, highlighted by its proximity to existing infrastructure and its potential to provide 1.5 trillion cubic feet of recoverable gas. The strategic importance of the Inishkea West prospect lies not only in its substantial gas reserves but also in its ability to significantly reduce Ireland's reliance on imported gas, thereby enhancing national energy security. Holland emphasized that domestic gas from this project would have far lower emissions compared to imported LNG, aligning with environmental goals. The company is poised to re-engage with potential partners to further develop this opportunity, emphasizing the project's alignment with European gas market demands, its quick path to cash flow due to nearby infrastructure, and its strong risk-reward profile. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
February 05, 2024 12:34 PM Eastern Standard Time
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Taraxa Launches $10 Million Grant Program for its blockDAG Ecosystem
Taraxa
The Taraxa Protocol Foundation has launched a $10 million Grant Program to drive growth in Taraxa’s unique EVM-compatible blockDAG Layer-1 ecosystem, after an overwhelmingly successful on-chain governance approval. The Taraxa Grant Program is open to any individual, team, and organizations of any type. Funds will be granted specifically for technical development with an emphasis on driving usage and growth within the Taraxa ecosystem, and are disbursed according to quantifiable milestones. Building on Taraxa presents a unique opportunity for developers to experience the benefits of the world’s first and only native EVM-compatible decentralized network built with the blockDAG architecture. Here are just a few of the reasons why builders should consider building the next big idea on Taraxa, An unique opportunity to Build on blockDAG: blockDAG is the next evolutionary step up from block-chain, able to achieve stunning throughput and low latency without sacrificing security and decentralization by enabling parallel block processing on the network instead of just one block at a time. True EVM Compatibility: any dApp that works on Ethereum just works on Taraxa, no need to learn new languages, frameworks, or tooling. Fast & Low-Cost: with peak throughput of 5k TPS, sub-second block times, instant block inclusion, and under 4-second finalization, working on Taraxa is fast & smooth, with each transaction costing next to nothing. True Finality: zero risk of transactions being reversed, Taraxa’s True Finality guarantees that when a transaction is finalized (under 4 seconds), it is finalized forever. Front-Running Prevention: Taraxa’s architecture and speed minimize and fragment the network’s mem pool, making it almost impossible and definitively unprofitable for DeFi transactions to be targeted for front-running. Supportive Community: Taraxa’s community is highly engaged and the development team is helpful to a fault. Not only will the user be building on a network backed by the best technology in the world, but he will also receive the full support, attention, and participation from Taraxa’s community! The upcoming Ficus Root Bridge in mid-2024 further strengthens the Taraxa ecosystem’s utility, asset diversity, and cross-chain liquidity. DeFi builders don’t have to worry about fragmented assets or liquidity, since they flow seamlessly between Ethereum and Taraxa. The bridge, coupled with Taraxa’s fast, low-cost and natively EVM-compatibility, make Taraxa a natural Layer-2 solution for dApps or consensus layer for rollups. Developers can apply to the Taraxa Grant Program today and pitch their ideas on how to creatively leverage decentralization to solve problems! About Taraxa Founded by two Stanford engineers in 2018, Taraxa is an EVM-compatible smart contract platform based on t-Graph consensus utilizing blockDAG, with many world-first technical innovations on top of the blockDAG architecture. After launching its mainnet in 2023, Taraxa represents the next evolutionary step in decentralized networks. Contact Details Taraxa Protocol Foundation Taraxa Team foundation@taraxa.io
February 05, 2024 11:00 AM Eastern Standard Time
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Chaney & Associates Becomes a Preferred Partner of Thom Rainer’s Church Answers
Digifora
Chaney & Associates operates as the accounting firm for the Church. It currently assists hundreds of ministries across the United States with their finances. With such a unique, relevant, faith-based focus always at the forefront of the company’s activity, the team at Chaney & Associates is excited to announce that it has been awarded Preferred Partner status with Church Answers. The firm is currently the only accounting firm to be included in this exclusive category. Church Answers is a ministry that was founded by Thom Rainer. The popular Christian author and speaker operates as the organization’s current CEO. As such, he guides Church Answers’ growing online community, which seeks to provide much-needed resources for churches of all kinds and in every situation. Part of this church support network involves finding third-party tools and organizations that offer complementary support services to ministries — one of which is officially now Chaney & Associates. In recognition of Chaney & Associates’s dynamic accounting support tools and services, Church Answers has added the firm to its Preferred Partner list. “As a firm exclusively focused on providing outsourced accounting services to the Church, we are privileged to receive the Preferred Partner designation,” says Steve Chaney. The founder and CEO of the faith-based accounting firm adds, “Our goal is to provide our accounting services to churches of all sizes. We want to help struggling churches survive and enable healthy ones to thrive. The first step in doing so is making each church with accounting needs aware of how our services can make their ministries more efficient and effective and overall better stewards of their time. Church Answers is helping us do just that.” Both organizations look forward to a mutually beneficial partnership moving forward. Their complementing services allow them to offer synergistic solutions to churches in every situation as leaders strive for excellence in their local ministries around the world. About Chaney & Associates Founded by Steve Chaney, Chaney & Associates is the accounting firm for the Church. The firm has spent over two decades empowering churches and ministries through comprehensive outsourced accounting solutions. The Chaney & Associates team is committed to providing a suite of forward-thinking services that are professional, responsive, and the best in class. This includes our cloud-based software with bill pay, payroll, real-time reports, our organizational management, and consulting services. Learn more at chaneyassociates.com. Contact Details digifora Justin Brackett +1 843-284-6594 justin@digifora.com Company Website https://digifora.com
February 05, 2024 10:20 AM Eastern Standard Time
