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Greatland Gold reveals first drill results from Ernest Giles gold project in Western Australia

Greatland Gold PLC

Greatland Gold PLC managing director Shaun Day joins Proactive's Stephen Gunnion with latest drilling results from the company's Ernest Giles project in Western Australia's goldfields. The 100% owned project spans over 1,950 square kilometres and is notably underexplored, providing a unique opportunity for significant gold discoveries. The area, rich in arcane greenstone, mirrors the geological features of other prolific gold discoveries in the region. Following over five years of efforts to secure First Nations heritage access, Day said Greatland Gold has now commenced drilling, revealing promising mineralization from preliminary tests. The initial drilling phase, supported by the Western Australian Government's EIS programme, included two diamond drill holes totaling 1,300 meters, uncovering mineralization of eight meters at 0.12 grams per ton. Although not indicative of a full ore body, Day said these results are encouraging and lay the groundwork for further exploration. Greatland Gold plans to leverage its expertise in uncovering undercover opportunities, employing geophysics to peer through the cover and identify potential gold deposits. Looking ahead, the company aims to conduct an extensive exploration program in the latter half of 2024, focusing on geophysical surveys to better understand the underlying structures and guide future drilling efforts. ‌ Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 08, 2024 06:54 AM Eastern Standard Time

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Foresight Solar Fund reports NAV uplift as it refines solar portfolio

Foresight Solar Fund Ltd

Foresight Solar Fund Ltd fund manager Ross Driver takes Proactive's Stephen Gunnion through a fourth-quarter NAV (net asset value) update, providing an optimistic overview of the fund's performance and strategies amidst challenging macroeconomic conditions. Throughout 2023, the fund achieved record electricity production, exporting over a terawatt of green energy across its UK, Australia, and Spain portfolios, and distributed a record £120 million in cash from its portfolio. Notably, the fund's NAV benefited from £20 million of share repurchases, part of a £40 million share buyback program, one of the largest in the renewable infrastructure sector. This boosted shareholder value by 1.1 pence per share. The divestment of a 50% stake in its Lorca portfolio in Spain contributed further to the NAV uplift, with proceeds used to reduce debt by £30 million. Despite economic challenges, Driver said Foresight Solar remains focused on closing the discount between its share price and NAV, leveraging asset sales and share buybacks to underline the fund's value. The sale of assets, such as the Lorca stake at a 21% premium to NAV, demonstrates the robust valuation of its holdings. The fund is actively pursuing a total shareholder return strategy, balancing high-quality yield with NAV growth. Driver highlighted the sale of the Toucan portfolio in the UK as a significant benchmark, showcasing the fund's conservative yet effective valuation approach. Looking ahead, Foresight Solar plans to focus on development stage opportunities, aiming for sustainable growth and continued NAV improvement. Contact Details Proactive Investors +44 20 7989 0813 uk@proactiveinvestors.com

February 08, 2024 06:50 AM Eastern Standard Time

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Redx Pharma lands biggest deal to date with sale of KRAS inhibitor programme to Jazz Pharma

Redx Pharma PLC

Redx Pharma PLC CEO Lisa Anson joins Proactive's Stephen Gunnion with details of a landmark partnership with Jazz Pharmaceuticals, marking its largest deal to date. Anson explained the agreement involves the sale of Redx's KRAS programme, a key preclinical discovery initiative targeting genetic mutations driving various cancers. The $10 million upfront deal could potentially be followed by a further $870 million in milestone payments, signifying a major step forward for Redx in cancer research. The KRAS programme focuses on combating hard-to-treat cancers, such as colorectal, lung, and pancreatic cancers, by targeting specific genetic mutations. The partnership aligns with RedX's strategy to balance in-house program development with collaborations that accelerate patient access to new treatments. Anson emphasised the significance of partnerships in advancing their clinical-stage biotech research and development efforts. The deal not only provides immediate financing but also ensures Redx maintains a vested interest in the program's success through potential milestones and mid-single digit royalties on future sales. Looking ahead, RedX anticipates a busy 2024 with several key milestones, including advancing its fibrosis and oncology programs, further demonstrating its commitment to addressing unmet medical needs. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 08, 2024 06:47 AM Eastern Standard Time

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ETC Group CEO Tim Bevan outlines bullish path for Bitcoin, supported by new ETFs

HANetf Holdings Limited

ETC Group CEO Tim Bevan discusses the significant impact of the US Securities and Exchange (SEC)'s approval of Bitcoin ETFs, enhancing market access and legitimizing cryptocurrencies. This approval led to notable market shifts, including outflows from existing crypto products like the Grayscale Bitcoin Trust and inflows into new ETFs from major financial players such as Fidelity and iShares. Despite initial price weakness following the ETF launch, Bevan attributes this to a natural retracement after Bitcoin's substantial pre-launch appreciation. He anticipates a demand surge, supported by North America's vast financial advisory network, potentially driving over $30 billion into Bitcoin, significantly increasing global Bitcoin product AUM. Bevan also highlighted Europe's likely follow-up on the US's path towards crypto normalisation, driven by the sector's increasing legitimacy. With bullish outlooks on crypto into 2024 and 2025, backed by aggressive price forecasts, Bevan pointed to the Bitcoin halving event as a key factor for future price appreciation, alongside a favorable macroeconomic backdrop and rising geopolitical risks. Furthermore, he noted Ethereum's potential for significant price performance and the possibility of Ethereum ETFs following Bitcoin's regulatory success, marking a pivotal moment for broader cryptocurrency acceptance and investment. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 08, 2024 06:38 AM Eastern Standard Time

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Futura Medical marks pivotal year with first meaningful revenue from Eroxon sales

Futura Medical PLC

Futura Medical PLC CEO James Barder tells Proactive's Stephen Gunnion that 2023 was a pivotal year for the company as it rolled out its innovative sexual health product, Eroxon, designed to treat erectile dysfunction. The over-the-counter availability of Eroxon distinguishes it as a groundbreaking product globally, facilitating easier access for consumers without a prescription. Barder noted the company reported significant achievements in 2023, including revenue of £3.1 million and a strategic expansion into the US market, bolstered by FDA approval and a partnership with leading OTC distributor Halen. This expansion is underscored by successful launches in the UK and Belgium, capturing around a 20% market share. Barder highlighted Futura's virtual organizational model and risk-mitigated marketing strategy through partnerships focusing on advertising and promotional spend. Looking ahead, Futura anticipates further global expansion with more than ten country launches expected by April, surpassing initial forecasts. Additionally, the company's vigilant stance against counterfeit products underscores its commitment to safeguarding brand integrity and consumer trust. With new broker and investor relations appointments, Futura aims to enhance shareholder value and visibility. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 08, 2024 06:31 AM Eastern Standard Time

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Poolbeg Pharma's new VP of Clinical Operations Laura Maher aims to help progress development assets

Poolbeg Pharma PLC

Poolbeg Pharma PLC's newly appointed Vice President of Clinical Operations Laura Maher joined Proactive's Stephen Gunnion to discuss her role at the company. Maher detailed her responsibilities at Poolbeg, emphasising her leadership in developing and managing clinical programs. She highlighted the importance of collaborations, both internally and with external service providers, to ensure the acquisition of quality data. Maher's significant achievements at Amryt include her pivotal role in the development and approval of Filsuvez, a treatment for Epidermolysis Bullosa (EB). She oversaw the largest-ever EB trial, leading to EMA approval in June 2022, marking it as the world’s first approved treatment for EB. Despite initial FDA rejection, her perseverance led to eventual FDA approval in December 2023. Her extensive background in clinical research and operations, beginning with a research master's degree and experience in various roles across academia and small pharmaceutical companies, informs her approach at Poolbeg. Maher expressed her enthusiasm for working in a dynamic environment like Poolbeg, particularly excited about their cancer immunotherapy and cytokine release syndrome projects. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 08, 2024 06:27 AM Eastern Standard Time

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Midstream energy sector likely to continue outperforming - VettaFi

HANetf Holdings Limited

VettaFi Head of Energy Research Stacey Morris provides an optimistic outlook for the midstream energy sector despite a challenging start to 2024. Morris highlighted that the sector continues to experience gains, building on the positive momentum from 2023. She noted that in January, the Alerian Midstream Energy Dividend UCITS ETF, an underlying index for midstream energy, saw a 1.5% increase, outperforming both the US and European energy benchmarks. This growth is attributed to positive dividend announcements, mergers and acquisitions activity, and promising initial fourth-quarter results with a constructive outlook for 2024. Morris emphasised the strong outlook for dividend growth within the midstream space, where nearly half of the index by weighting announced sequential dividend increases from Q3 to Q4. High-profile companies like Enterprise Products Partners and Williams Companies reported significant dividend increases, indicating a trend of robust dividend growth. She also mentioned the sector's attractiveness due to its yield of 7.1% as of February 5, with over 92% of the index by weighting being investment-grade, reflecting the quality and free cash flow-generating capacity of these companies. Looking ahead, Morris expects the current earnings season to continue showing positive results and a constructive outlook for the year. She anticipates modest EBITDA growth and a focus on returning excess cash to investors through buybacks and dividend growth. Overall, Morris remains very constructive on the midstream space for 2024, citing its ability to provide stable cash flows and attractive income amidst volatility in oil and gas prices. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 08, 2024 06:19 AM Eastern Standard Time

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Airship AI begins delivery of major U.S. Government contracts with video and sensor management

Airship AI Holdings

Airship AI President Paul Allen joined Steve Darling from Proactive to share news regarding the company's recent accomplishments. Airship Industries has embarked on the delivery of multiple firm fixed-price contracts valued at over $10 million. These contracts have been secured in collaboration with the Department of Homeland Security, and they aim to provide advanced integrated solutions to support real-time intelligence collection operations along the United States' borders. Central to these contracts is the utilization of Airship Industries' cutting-edge edge IoT appliance, Outpost AI. Outpost AI is a transformative technology that plays a pivotal role in these contracts. It serves as a highly efficient edge analytic processing and secure data transmission system, encapsulated within a compact edge computer device designed to withstand even the most rugged operational environments. Outpost AI leverages an on-board deep learning accelerator, allowing it to process substantial volumes of data at the edge, in real-time. This enables the extraction of actionable intelligence through a range of hot-swappable, custom-trained inference engines. The applications of Outpost AI are diverse and comprehensive. In the context of the contracts with the Department of Homeland Security, Outpost AI solutions will be instrumental in facilitating real-time intelligence collection operations along the United States' borders. They offer local high-definition recording capabilities along with customizable low-bit-rate video stream encoding. Furthermore, Outpost AI is equipped with on-board edge analytic capabilities, enabling advanced object detection and recognition. Airship Industries' successful procurement of these contracts underscores their commitment to innovation in the realm of real-time intelligence gathering and border security. The incorporation of Outpost AI technology positions the company as a pioneer in the field, offering highly effective and efficient solutions that enhance the security and surveillance capabilities along the nation's borders. In summary, Airship Industries' recent achievements in securing these substantial contracts and the deployment of their cutting-edge technology, Outpost AI, highlight their dedication to providing advanced solutions that contribute significantly to border security and intelligence operations. The combination of innovation, efficiency, and adaptability positions Airship Industries as a key player in the field of real-time data analytics and border protection. Contact Details Proactive Canada Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

February 08, 2024 06:15 AM Eastern Standard Time

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Bitget Wallet Enhances BTC Ecosystem Support with ARC-20 Inscription and Lightning Network Integration

Bitget

The world-leading Web3 trading wallet, Bitget Wallet, has announced the support of ARC-20 inscriptions and integration of the Bitcoin Lightning Network in its latest version, further bolstering its support for the Bitcoin ecosystem. ARC-20 Inscription In its latest app version, Bitget Wallet now supports ARC-20 inscriptions, enabling users to inscribe ARC-20 inscriptions and check market trends. Bitget Wallet is committed to enhancing the mobile user experience and will continue to expand support for ARC-20 inscriptions. While most ARC-20 inscription products are primarily designed for PC use, Bitget Wallet prioritizes a seamless mobile experience, focusing on delivering products and services that allow users to easily inscribe anytime, anywhere. Recognizing the value consensus and potential development of Bitcoin and its derivative assets, Bitget Wallet previously supported BRC-20 assets, offering features such as asset display, transfers, market trends for BRC-20, and launching GetScribe tools. Supporting ARC-20 inscriptions will help address challenges like infrastructure gaps, limited public understanding, and high entry barriers, fostering the development of the inscription's ecosystem. ARC-20, much like the widely-discussed BRC-20 in the blockchain community, boasts unique technical advantages. However, it faces challenges such as incomplete infrastructure, limited public awareness, and a relatively high entry barrier. As a Web3 wallet with 15 million users, Bitget Wallet is committed to offering convenient and user-friendly products and services. The integration of ARC-20 support is expected to address these issues and contribute to the development of the inscription's ecosystem. In addition to Bitget Wallet, Bitget Exchange actively supports the inscription ecosystem, combining decentralized and centralized strategies to provide services for users. Users can engage in inscription, viewing, and transferring on Bitget Wallet, participate in new asset Launchpad, and then trade inscription assets on Bitget Exchange. Embracing the Lightning Network, Recognizing Growth Potential Bitget Wallet also maintains focus and support for Bitcoin Layer 2 solutions like the Lightning Network. The latest version enables users to create Bitcoin Lightning Network accounts, generating email-style addresses as Lightning Network identities. Users can transfer and receive SATs on the Lightning Network via LNURL or invoice. The Lightning Network, a second-layer solution for Bitcoin, enables faster and lower-cost BTC transfers, ideal for micro-payments. Alvin Kan, Chief Operating Officer of Bitget Wallet, emphasized the transformative potential of the Lightning Network, positioning it as a pivotal solution to scalability challenges and a catalyst for future growth and innovation within the Bitcoin ecosystem. Alvin envisions the Lightning Network enhancing Bitcoin's practical utility, attracting a broader user base, and paving the way for the development of sophisticated decentralized applications (DApps), novel assets, and expanded features. Bitget Wallet not only provides essential functionalities such as the display and management of BTC assets, swap trading, and seamless on-ramp options but also ensures compatibility with the Taproot protocol and seamless integration with the Lightning Network. The roadmap for the wallet includes streamlining asset transfers, enhancing operational efficiency, facilitating swaps between BTC mainnet and Lightning Network assets, and supporting cross-chain transactions between BTC and EVM assets. Due to the surge in Bitcoin ecosystem assets like inscriptions, alongside the Lightning Network, the discussion around Bitcoin Layer 2 (L2) has been reignited. Numerous new L2 projects are emerging, aiming to enhance liquidity and foster innovation and prosperity within the Bitcoin ecosystem. Bitget Wallet is actively supporting and collaborating on Bitcoin L2, providing wallet infrastructure services for L2 and facilitating user access to Bitcoin L2 efficiently. Currently, many new Bitcoin L2 solutions leverage EVM chains as extension layers. Native Bitcoin ecosystem wallets may not support EVM chains. However, with a track record of successful expansion and deep involvement in the multi-chain domain, Bitget Wallet excels in compatibility and support for both EVM chains and BTC chains, effectively meeting the needs of projects and users. Currently, Bitget Wallet excels in various product functionalities, including BTC asset management, Swap transactions, OTC, inscription asset market trends, inscription, Lightning Network integration, and support for Bitcoin Layer 2. In the realm of the Bitcoin ecosystem, Bitget Wallet has emerged as a leading player, offering well-rounded ecosystem support. Furthermore, Bitget Wallet actively expands collaborations with 20+ Bitcoin ecosystem projects, fostering wallet connectivity. Additionally, through cooperative efforts with protocols and project teams, Bitget Wallet is actively contributing to the growth of the Bitcoin ecosystem, providing users with new assets and opportunities. In the wake of the rising popularity of inscriptions, particularly within the Bitcoin ecosystem, Bitget Wallet foresees sustained empowerment. The anticipated growth in Bitcoin value and the introduction of innovative inscription assets are poised to contribute significantly to the dynamic development of the Bitcoin ecosystem and the inscription market throughout the upcoming year. "The current state of the wallet market infrastructure is still evolving and lacks comprehensive coverage, presenting a clear opportunity that we recognize," commented Alvin Kan, "The team places considerable emphasis on the Bitcoin ecosystem, with Bitget Wallet striving to bridge existing gaps in wallet support, positioning itself as a pivotal contributor to ecosystem development." About Bitget Wallet Bitget Wallet stands as Asia's largest and one of the world's top non-custodial Web3 wallets, boasting over 15 million users globally. Featuring a comprehensive array of features including asset management, intelligent market data, swap functionality, launchpad, inscribing, DApp browsing, and more, Bitget Wallet promises users an unmatched multi-chain Web3 experience. Currently, Bitget Wallet supports over 100 blockchains, hundreds of EVM-compatible chains, and more than 250,000 cryptocurrencies. By aggregating liquidity across hundreds of leading DEXs and cross-chain bridges, Bitget Wallet is able to facilitate seamless and efficient trades on 40+ blockchains. Bitget Wallet emerges as the premier choice for Web3 users seeking to discover new assets and opportunities. The platform's intelligent data feature offers market-wide trend analyses and multi-dimensional market rankings together with smart money movements, providing users with an unbeatable trading experience. Features such as Launchpad, Fair LaunchPool, and omnichain inscribing also offer users various ways to participate in new projects and a head start in adding new assets into their portfolio. Additionally, Bitget Wallet's incentivized interaction platform, Task2Get, grants exciting rewards to users who interact with various featured ecosystems, fostering a dynamic multi-chain experience for everyone. To better safeguard user funds, Bitget Wallet has established a cutting-edge security matrix, employing multiple safeguards to protect user transactions and interactions. By integrating MPC and AA wallet technology, as well as hardware wallet compatibility, Bitget Wallet is able to offer strong asset management options for users. Further, the core codes of Bitget Swap and NFT market also undergo rigorous audits by external security audit firms to bolster the platform's defenses against malicious threats. Bitget Wallet users are also eligible to share in a $300 million user protection fund with Bitget, providing yet another layer of added security. For more information, visit: Website | Twitter | Telegram | Discord Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

February 08, 2024 05:00 AM Eastern Standard Time

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All Industries

Greatland Gold reveals first drill results from Ernest Giles gold project in Western Australia

Foresight Solar Fund reports NAV uplift as it refines solar portfolio

Redx Pharma lands biggest deal to date with sale of KRAS inhibitor programme to Jazz Pharma

ETC Group CEO Tim Bevan outlines bullish path for Bitcoin, supported by new ETFs

Futura Medical marks pivotal year with first meaningful revenue from Eroxon sales

Poolbeg Pharma's new VP of Clinical Operations Laura Maher aims to help progress development assets

Midstream energy sector likely to continue outperforming - VettaFi

Airship AI begins delivery of major U.S. Government contracts with video and sensor management

Bitget Wallet Enhances BTC Ecosystem Support with ARC-20 Inscription and Lightning Network Integration