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Graft Polymer CEO discusses proposed Awakn acquisition; rebrand to Solvonis
Manage episode 455956857 series 2891889
A tartalmat a Proactive Investors biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Proactive Investors vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
Graft Polymer (UK) PLC (LSE:GPL) CEO Anthony Tennyson talked with Proactive's Stephen Gunnion about the company’s plans to acquire Canadian biotech Awakn Life Sciences. Tennyson explained the rationale behind this strategic move, highlighting Awakn's robust clinical-stage pipeline that offers significant opportunities in addressing alcohol use disorder (AUD). The acquisition includes two core programs: AWKN001, targeting severe AUD in the UK, and AWKN002, targeting moderate to severe AUD in the US. Tennyson emphasised the de-risked nature of these assets, particularly the phase three AWKN001 trial, which is two-thirds funded by the UK Department of Health. Notably, results from earlier trials demonstrated abstinence rates improving from 2% to 86% post-treatment. Additionally, Tennyson discussed the planned rebrand of Graft Polymer to Solvonis Therapeutics PLC. The rebranding aligns with the company’s vision of becoming a leading neuropsychiatry firm focused on addiction and mental health treatments. He noted the acquisition brings valuable talent and clinical-stage programs to Graft Polymer, positioning it for near-to-medium-term revenue generation. This move, Tennyson believes, significantly benefits Graft shareholders by providing a de-risked pipeline and growth opportunities. For more updates on Graft Polymer’s journey, visit Proactive’s YouTube channel. Don’t forget to like, subscribe, and enable notifications for future content. #GraftPolymer #SolvonisTherapeutics #AwaknLifeSciences #AddictionTreatment #AlcoholUseDisorder #Neuropsychiatry #Phase3Trials #HealthcareInnovation #BiotechNews #ProactiveInvestors#ProactiveInvestors#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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613 epizódok
Manage episode 455956857 series 2891889
A tartalmat a Proactive Investors biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Proactive Investors vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
Graft Polymer (UK) PLC (LSE:GPL) CEO Anthony Tennyson talked with Proactive's Stephen Gunnion about the company’s plans to acquire Canadian biotech Awakn Life Sciences. Tennyson explained the rationale behind this strategic move, highlighting Awakn's robust clinical-stage pipeline that offers significant opportunities in addressing alcohol use disorder (AUD). The acquisition includes two core programs: AWKN001, targeting severe AUD in the UK, and AWKN002, targeting moderate to severe AUD in the US. Tennyson emphasised the de-risked nature of these assets, particularly the phase three AWKN001 trial, which is two-thirds funded by the UK Department of Health. Notably, results from earlier trials demonstrated abstinence rates improving from 2% to 86% post-treatment. Additionally, Tennyson discussed the planned rebrand of Graft Polymer to Solvonis Therapeutics PLC. The rebranding aligns with the company’s vision of becoming a leading neuropsychiatry firm focused on addiction and mental health treatments. He noted the acquisition brings valuable talent and clinical-stage programs to Graft Polymer, positioning it for near-to-medium-term revenue generation. This move, Tennyson believes, significantly benefits Graft shareholders by providing a de-risked pipeline and growth opportunities. For more updates on Graft Polymer’s journey, visit Proactive’s YouTube channel. Don’t forget to like, subscribe, and enable notifications for future content. #GraftPolymer #SolvonisTherapeutics #AwaknLifeSciences #AddictionTreatment #AlcoholUseDisorder #Neuropsychiatry #Phase3Trials #HealthcareInnovation #BiotechNews #ProactiveInvestors#ProactiveInvestors#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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613 epizódok
Minden epizód
×Tolu Minerals Ltd (ASX:TOK) CEO Iain Macpherson talks with Proactive’s Tylah Tully about the company’s progress and strategic initiatives at the Tolukuma Gold Mine in Papua New Guinea. Macpherson discussed the commissioning of a new modular gravity circuit plant designed to streamline production and reduce operational costs. He also highlighted improvements to road infrastructure, including rerouting efforts to ensure stability and better access to the mine. A notable update was the appointment of Chris Muller as executive group geologist. Macpherson emphasised Muller’s extensive experience in gold resource growth, which will enhance the company’s exploration strategies. Muller’s track record includes discoveries of multi-million-ounce gold deposits and his addition underscores Tolu Minerals’ focus on accelerating resource growth. Macpherson also shared updates on the company’s hydroelectric power station plans and exploration priorities. Leveraging data from recent airborne surveys, Tolu Minerals aims to expand its current resource estimate of 2-3 million ounces while optimising shareholder value. Production is set to begin imminently, marking 2025 as a pivotal year for the company. #ProactiveInvestors #ToluMinerals #ASX #TolukumaGoldMine #GoldExploration #ChrisMuller #HydropowerProjects #MiningUpdates #GoldMining #PapuaNewGuineaMining #InvestingInMining…
Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF) executive chair Matt Fifield talks with Proactive’s Tylah Tully about the company's latest developments and its ambitious 2025 plans. Fifield emphasised the transformational impact of 2024, which included the release of a pre-feasibility study (PFS) for the Nifty Copper Complex in Western Australia. This study detailed plans for surface mining and a refurbished concentrator, projecting a net present value of $1 billion, $4 billion in life-of-mine cash flow and 20 years of reserves. Fifield also announced a significant strategic alliance with Macmahon Holdings Ltd, calling it "massive" for Cyprium Metals. He explained that Macmahon’s expertise, presence in Western Australia and familiarity with large-scale operations made them an ideal partner to execute the bankable feasibility study and support project implementation. "This partnership ensures the best pathway forward with a tier-one contractor," he said. To finance the project, Cyprium Metals is exploring multiple avenues, including leveraging its Glencore offtake facility, engaging government-backed lender, and considering strategic investors for a minority stake in Nifty. These initiatives are part of the company’s clear plans to deliver value in 2025. #ProactiveInvestors #CypriumMetals #ASX #OTC #NiftyCopperComplex #Macmahon #CopperMining #MiningNews #MattFifield…
Proactive’s Tylah Tully breaks down ‘Just the facts’ of the latest news from Brightstar Resources Ltd (ASX:BTR). Brightstar has announced final results from its 6,000-metre reverse circulation (RC) drilling program at the Sandstone Gold Project in Western Australia’s Murchison region. The program targeted the Montague-Boulder and Whistler deposits, with key intercepts including 4 metres at 59 g/t gold at Whistler and 2 metres at 33.7 g/t gold at Montague-Boulder. The Whistler program, totalling ~3,300 metres, focused on infill drilling below the existing open pit to improve resource classification and included extensional drilling to test mineralisation at its northern and southern extents. Significant results include 5 metres at 7.64 g/t gold and 9 metres at 7.16 g/t gold. The Montague-Boulder program (~2,800 metres) explored extensions of the deposit, uncovering high-grade mineralised shoots, including 1 metre at 66.7 g/t gold and 7 metres at 5.39 g/t gold. Brightstar has also commenced its 2025 drilling campaign at the Lord Nelson and Vanguard North deposits, aiming to expand the Sandstone Gold Project’s 1.5-million-ounce mineral resource base. Drilling has resumed at the Lord Nelson deposit, with additional results expected as pending assays from the 2024 drill season are finalised. The company continues exploration alongside development of the Fish underground mine at the Laverton Hub. #ProactiveInvestors #BrightstarResources, #GoldMining, #SandstoneProject, #GoldExploration, #RCDrilling, #HighGradeGold, #AustraliaMining, #WesternAustralia, #MontagueBoulder, #WhistlerDeposit, #LordNelson, #GoldProjects, #MineralResources, #MiningUpdates, #GoldAssays, #ExplorationDrilling, #GoldInvesting, #FeasibilityStudy, #MiningIndustry, #Brightstar…
Proactive’s Tylah Tully breaks down ‘Just the facts’ of the latest news from Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA). Nova has identified significant high-grade potential at its Estelle Gold and Critical Minerals Project in Alaska’s Tintina Gold Belt. Recent surface sampling at the Wombat prospect delivered exceptionally high-grade results, including 360 g/t gold—the second-highest gold sample recorded at Estelle—and gallium concentrations up to 74.5 ppm. Gallium, listed as a critical mineral by the USGS, is in demand by the US Department of Defense following China’s export restrictions. During the 2024 exploration program, 511 soil samples, 225 rock samples, and 5 tonnes of bulk material were collected. Key highlights include: Wombat: Seventeen rock samples, seven exceeding 2 g/t gold, with grades of 360 g/t and 93.2 g/t gold. Stoney: Samples returned 6.1 g/t gold, 124 ppm silver, 2.4% copper, and 340 ppm antimony. Muddy Creek: Extended high-grade gold mineralisation by 400 metres, with samples up to 128.5 g/t gold. Stibium: An 800-metre by 400-metre zone yielded antimony grades up to 56.7% and gold up to 141 g/t. These results reinforce Estelle’s status as a dual-purpose gold and critical minerals project. Planned drill testing will further evaluate the potential of this promising claim block. #ProactiveInvestors #NovaMinerals, #ASX #NASDAQ #EstelleProject, #GoldExploration, #CriticalMinerals, #Gallium, #GoldMining, #TintinaGoldBelt, #AlaskaMining, #Stibium, #MuddyCreek, #WombatProspect, #MineralExploration, #USDefense, #HighGradeGold, #RareEarthElements, #SustainableMining, #ExplorationUpdates, #MiningIndustry, #ResourceExpansion, #ProactiveAustralia…
Proactive’s Tylah Tully breaks down ‘Just the facts’ of the latest news from Tamboran Resources Corporation (ASX:TBN, NYSE: TBN). Tamboran has signed a non-binding MoU with Santos Ltd to collaborate on technical studies for the potential expansion of the Darwin LNG (DLNG) facility in Australia’s Northern Territory. The expansion, referred to as Train 2, could increase the facility’s LNG capacity by ~6 million tonnes per annum (MTPA), adding to the existing 10 MTPA operation at Middle Arm. The MoU also focuses on commercialising natural gas from the jointly owned EP 161 acreage in the Beetaloo Basin, where Santos holds a 75% stake and Tamboran owns 25%. Tamboran estimates the Beetaloo Basin holds approximately two million net prospective acres, with significant gas resources capable of supplying Northern Territory and East Coast gas markets for decades. Tamboran is advancing its Northern Territory LNG (NTLNG) project, currently in pre-FEED studies, while aiming to supply gas to domestic and international LNG markets, including Darwin and Gladstone. The long-standing partnership between Tamboran and Santos in the Beetaloo Basin underscores the potential for unlocking further shale gas resources to support LNG expansion efforts. Tamboran’s strategic efforts are designed to deliver value for shareholders and contribute to Australia’s energy market. #ProactiveInvestors #TamboranResources, #ASX #NYSE #SantosLtd, #DarwinLNG, #BeetalooBasin, #NaturalGas, #ShaleGas, #LNGMarkets, #EnergyExpansion, #EP161, #DLNGTrain2, #NorthernTerritory, #PreFEED, #GasCommercialisation, #LNGCapacity, #EnergyPartnership, #AustraliaGasMarket, #ASXEnergy, #TamboranSantos, #ShareholderValue, #ProactiveAustralia…
Proactive’s Tylah Tully unpacks the outlook for key commodities, focusing on battery metals and related critical minerals. Despite challenges in 2024, demand for materials like lithium, cobalt, copper, graphite, vanadium and nickel remains strong due to ongoing global decarbonisation and transport electrification. While lithium and nickel saw price corrections and slower EV sales impacted mining activities, long-term projections indicate sustained demand for these essential metals. Sovereign Metals Ltd continues advancing the Kasiya Project in Malawi, which holds the world’s largest known natural rutile deposit and the second-largest flake graphite deposit. Kasiya integrates sustainable mining with conservation farming through its Pilot Mining and Land Rehabilitation Program. Sovereign aims to address the global demand for rutile and graphite while fostering community partnerships. Surefire Resources NL is developing the Victory Bore Iron-Vanadium-Titanium Project in Western Australia. Recent beneficiation of 700 kilograms of ore produced high-grade magnetite concentrate, which will undergo evaluation for downstream processing into vanadium pentoxide, ferrovanadium and other products. The project marks a milestone in Surefire’s commercialisation efforts. Latrobe Magnesium Ltd is tackling magnesium supply chain gaps with its $57 million demonstration plant. Using fly ash waste, LMG’s patented technology reduces CO₂ emissions by 60% and converts 100% of waste into saleable products. With global magnesium demand rising, LMG offers a sustainable alternative to China’s supply dominance. #ProactiveInvestors #SovereignMetals, #SurefireResources, #LatrobeMagnesium, #ASX, #RareEarthElements, #CriticalMinerals, #KasiyaProject, #VictoryBore, #Magnetite, #Rutile, #Graphite, #MagnesiumProduction, #SustainableMining, #Decarbonisation, #EnergyStorage, #EVBatteryMetals, #GreenTechnologies, #CircularEconomy, #MineralExploration, #MiningUpdates, #ProactiveAustralia…
Mosman Oil and Gas Ltd (AIM:MSMN) CEO Andy Carroll talked with Proactive’s Tylah Tully about the company’s latest acquisitions and strategic plans for 2025. Carroll shared insights on two newly acquired projects: Sagebrush and Coyote Wash. Sagebrush is an established oil production area, offering strong revenue potential and valuable infrastructure. Adjacent to it, the Coyote Wash Project features 3D seismic data and promising drill-ready helium and oil prospects. Carroll noted, “The Sagebrush project has been in production... giving us a very solid cornerstone of our helium exploration portfolio.” He also discussed the company’s capital allocation strategy, which focuses on U.S. projects for their shorter timelines and more accessible infrastructure compared to Australia. Additionally, Carroll provided an update on the Vecta Helium Project in Colorado, where progress has been delayed but remains a priority. Looking ahead, Mosman is finalising plans for drilling at Sagebrush and Coyote Wash, with activity expected to begin later this year. Carroll emphasised, “We look forward to drilling... hopefully by the end of this year.” #ProactiveInvestors #MosmanOilAndGas #AIMMSMN #HeliumExploration #OilAndGas #EnergyInvestments #SagebrushProject #CoyoteWash #EnergyNews…
Orthocell Ltd (ASX:OCC, OTC:ORHHF) CEO Paul Anderson talked with Proactive’s Tylah Tully about the company’s key achievements in 2024 and its ambitious plans for 2025. Anderson highlighted the success of Remplir, their innovative nerve repair product, which launched in Australia to strong distributor uptake and achieved reimbursement. This success drove record revenues for three consecutive quarters and bolstered Orthocell’s share price and market capitalisation. Anderson explained how Remplir revolutionises nerve repair by minimising sutures, reducing surgical damage, and improving patient recovery times. Orthocell is advancing global expansion plans, with regulatory submissions in the US, Canada, Thailand, Europe, and Brazil. “This product is addressing a strong unmet clinical need,” Anderson stated, emphasising the company’s goal of capturing a 20% share of the $3.2 billion global nerve repair market. In 2025, Orthocell aims to strengthen its US infrastructure, collaborate with leading surgeons, and scale Remplir’s commercialisation worldwide. #ProactiveInvestors #Orthocell #Remplir #NerveRepair #ASXOCC #HealthcareInnovation #MedicalDevices #FDAApproval #GlobalExpansion #ProactiveStudio #2025Growth…
1 Southern Cross Gold begins trading on the ASX, highlights Sunday Creek Gold and Antimony project 6:42
Southern Cross Gold CEO Michael Hudson joined Steve Darling from Proactive to share exciting updates with Proactive, marking the company's commencement of trading on the Australian Stock Exchange (ASX) under the ticker symbol “SX2.” The company, formed through the merger of Mawson Gold Limited and Southern Cross Gold, has taken strategic steps to consolidate its position as a significant player in the mining sector. A major highlight is the consolidation of ownership of the Sunday Creek gold project in Victoria, Australia, regarded as one of the world’s top gold and antimony discoveries. Hudson emphasized the extensive exploration efforts, including 70–80 kilometers of drilling, and the project's remarkable hit rates, which stand out within the mining industry. Southern Cross Gold aims to identify 3 million ounces of gold at ten grams per tonne through further exploration. The Victorian government has expressed strong support for the project, recognizing its potential to boost the local economy and global resources supply. Hudson also underscored the strategic importance of antimony, a critical metal with industrial and military applications, noting that most global supply is dominated by China and Russia. With Sunday Creek ranking among the top three non-Chinese and non-Russian antimony projects worldwide, it holds significant geopolitical and market value. #proactiveinvestors #asx #sx2 #tsxv #sxgc #GoldMining #SundayCreek #Antimony #MichaelHudson #MiningExploration #DualListing #CriticalMetals #GoldDiscovery #ProactiveInvestors…
VettaFi Head of Thematic Strategy Jane Edmondson joined Steve Darling from Proactive about the ripple effects of President Trump’s proposed NATO defense spending increase and the evolving landscape of European defense investments. Trump's call to raise NATO member nations' defense spending from 2% to 5% of GDP has sparked varied responses. Countries like Poland have welcomed the initiative, while others, including Germany, have raised concerns over the financial burden. Edmondson noted that this proposal underscores a broader trend of increased military investment across Europe, driven by geopolitical tensions, particularly the ongoing Russia-Ukraine conflict. Edmondson highlighted the sharp rise in European defense stocks, with companies such as Rheinmetall, Saab, and Leonardo experiencing dramatic gains of 200% to 300% since the start of the conflict. This surge reflects the market's recognition of the urgent need for modernized defense capabilities after years of underfunding. She pointed to emerging initiatives like the development of a European defense industrial base and a potential defense bank to sustain military investments. Additionally, Trump's recent executive order reforming U.S. defense budgets further emphasizes a shift towards innovative technologies, such as artificial intelligence and robotics, over traditional defense programs. Edmondson predicted that a peaceful resolution to the Russia-Ukraine war could trigger short-term profit-taking in defense stocks. However, she emphasized that the long-term demand for defense investment remains strong, driven by NATO's evolving requirements and Europe's push for self-sufficiency in defense. #proactiveinvestors #vettafi #hanetf #DefenseSpending #Cybersecurity #NATO #DefenseETF #JaneEdmondson #VettaFi #DefenseTech #GlobalSecurity #Investing #MilitaryTech #trump…
Protalix BioTherapeutics CEO Dror Bashan recently detailed the company’s vision for 2025, highlighting advancements in its proprietary ProCellEx platform and its commitment to addressing unmet medical needs. Protalix specializes in producing complex human proteins using plant cell technology, focusing on therapies for Fabry and Gaucher diseases while exploring new opportunities in other therapeutic areas. A key achievement in 2024 was the successful completion of a Phase 1 clinical trial for the company’s treatment candidate for gout. Positive trial results have set the stage for a Phase 2 study, scheduled to begin in mid-2025. Bashan also emphasized Protalix’s robust financial position, with the company becoming debt-free as of September 2024—a milestone that supports ongoing operations, clinical trials, and pipeline expansion. Protalix is also actively working to extend the reach of Elfabrio, its FDA-approved therapy for Fabry disease. Additionally, the company is leveraging its innovative platform to explore next-generation solutions in renal and other therapeutic areas, aiming to broaden its impact on patient care. Looking ahead, Protalix plans to focus on addressing unmet needs in renal therapies while continuing to build on the success of its current treatments. With a strong financial foundation and a dedication to innovation, the company is well-positioned for transformative growth in 2025 and beyond.…
Nexe Innovations President Ash Guglani joined Steve Darling to share insights with Proactive on the company’s achievements in 2024 and its ambitious plans for 2025. In a letter to shareholders, Guglani highlighted the company’s successful transition from intensive product development and beta testing to the commercialization of its K-Cup-compatible NEXE pods. This achievement has paved the way for strategic partnerships and growing recurring revenues, with increasing order volumes underscoring strong market demand. Guglani noted that Nexe’s diverse customer base spans retail, office coffee services (OCS), and e-commerce channels. This multi-channel approach enables the company to reach varied audiences and expand its market penetration. In 2025, the company plans to substantially grow its onboarding efforts for additional customers for its K-Cup-compatible products, ensuring a robust pipeline for continued expansion. Another key focus for 2025 will be the advancement of Nexe’s next-generation compostable Nespresso** Original Line pods. The company is actively sampling these products with two customers and plans a broader rollout later in the year, marking a significant step forward in its sustainability-driven product portfolio. Additionally, Nexe Innovations is exploring new markets for its proprietary resin, which has potential applications in waste-to-energy processing. The company is currently in discussions with industry leaders in sectors with promising growth opportunities. Nexe’s technical team is developing prototypes to demonstrate the resin’s capabilities to key decision-makers in these industries. With a strong foundation from 2024 and innovative plans for the year ahead, Nexe Innovations is positioning itself for sustainable growth while addressing key consumer and environmental needs. #proactiveinvestors #nexeinnovationsinc #tsxv #nexe #otc #nexnf #Sustainability #CoffeePods #EcoFriendlyProducts #Manufacturing #PatentTechnology #StrategicPartnerships #AshGuglani #ProactiveInvestors #GreenTechnology…
1 Ocean Power Technologies demonstrates multi-day offshore survey capabilities with autonomous WAM-V 4:46
Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share that the company has successfully completed a significant set of exercises in California, showcasing the autonomous capabilities of its Wave Adaptive Modular Vessel (WAM-V). The WAM-V demonstrated its ability to perform offshore surveys for multiple days without needing to return to base, marking a major milestone in autonomous marine technology. During these trials, the WAM-V 22 hosted a complete seabed survey payload and provided real-time hydrographic and survey data collection over several days. This multi-day operational capability is a result of recent design enhancements, which enable extended operations at sea while supporting power-intensive offshore instrumentation. Stratmann emphasized that this innovation allows customers to achieve greater persistence at sea, offering increased efficiency and unlocking new opportunities in markets requiring long-duration offshore operations. By reducing the need for frequent returns to base, the upgraded WAM-V is poised to deliver cost-effective and sustainable solutions for offshore surveying and monitoring. This advancement underscores Ocean Power Technologies’ commitment to revolutionizing offshore operations through innovative and autonomous technologies. #proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt #PhillipStratmann, #USGovernmentContract, #OffshoreAutonomy, #MaritimeSecurity, #CommercialPlatforms, #GrowthStrategy, #BuoyBusiness, #VehicleBusiness, #InternationalExpansion, #ReadyToDeploy…
1 Pantheon Resources reports significant resource upgrade potential following Megrez-1 Well analysis 6:16
Pantheon Resources CEO Jay Cheatham and Technical Director Bob Rosenthal joined Steve Darling from Proactive to shared promising updates from the Megrez-1 well during an interview with Proactive, revealing preliminary findings that suggest a significant upgrade in resource estimates for Ahpun's Eastern Topset. The results, which include detailed analysis of logs, cores, and cuttings, indicate that the Megrez structure has exceeded pre-drill expectations and holds considerable additional potential. According to the company, the Megrez structure has trapped a larger hydrocarbon pool than originally anticipated. This discovery is further bolstered by the identification of additional prospective zones in the Lower Sagavanirktok Formation, located above the Prince Creek Formation. These zones were not included in earlier evaluations, providing an unexpected opportunity for resource expansion and further boosting the well's significance. For the previously identified oil horizons, which include the Upper Schrader Bluff and the Upper and Lower Prince Creek formations, Pantheon Resources estimates a potential 15% to 50% upgrade in resource volumes compared to the pre-drill figure of 609 million barrels. Additionally, the logs and cuttings from the Megrez-1 well have revealed three new potential oil-bearing zones within the Lower Sagavanirktok Formation. These zones exhibit excellent porosity and permeability, suggesting significant further resource upside and confirming the well’s strategic value. Cheatham emphasized that three additional flow tests are planned to validate the potential of these newly identified zones. These tests will be conducted before suspending the well, which is being considered for future use as a producer or injector. The preliminary analysis also indicates that the hydrocarbon liquid column intersected by Megrez-1 is more extensive than originally estimated, further underscoring the well’s importance in Pantheon’s exploration efforts. The Megrez-1 findings could represent a major milestone for Pantheon Resources, with the anticipated resource upgrades and additional zones contributing to the company’s long-term strategy and potential production capabilities. Further analysis and testing are expected to provide greater clarity on the full extent of this discovery’s impact. #proactiveinvestors #pantheonresourcesplc #mining #lse #panr #pthrf #OilExploration #Megrez1 #AlaskaOil #EnergyNews #JayCheatham #OilReserves #ResourceUpgrade #OilIndustry #GeologyExploration…
Century Lithium CEO Bill Willoughby joined Steve Darling from Proactive to share significant progress with Proactive, revealing the company has entered into a non-binding memorandum of understanding (MOU) with Orica Specialty Mining Chemicals. The MOU sets the groundwork for a formal multiyear offtake agreement, enabling Orica to purchase sodium hydroxide from Century Lithium's Angel Island project near Silver Peak, Nevada. Orica, a global leader in mining and infrastructure solutions, is also a key manufacturer and supplier of specialty mining chemicals to Nevada’s mining sector. This collaboration strengthens Century Lithium’s integration into the region’s mining ecosystem. Willoughby elaborated on the company's innovative and patent-pending process for extracting lithium from the claystone at Angel Island. The method combines chloride leaching with direct lithium extraction, utilizing salt—either as solid sodium chloride or saline brine—to produce reagents for leaching and pH control. Beyond lithium carbonate as the primary product, the process generates surplus sodium hydroxide, which is anticipated to contribute significantly to keeping operating costs low. The initial agreement with Orica spans five years and includes the option for an additional five-year extension under a right-of-first-offer arrangement. This partnership underscores the Angel Island project’s potential for not only producing lithium efficiently but also leveraging by-products to create sustainable operational synergies. Century Lithium’s progress at Angel Island marks a critical step in the company's mission to deliver cost-effective and innovative solutions to the growing demand for lithium and related chemicals. #proactiveinvestors #centurylithiumcorp #tsxv #lce #otcqx #cydvf #mining #oricaspecialtymining #LithiumExtraction #BatteryTechnology #RenewableEnergy #MiningInnovation #SustainableEnergy #NevadaProjects #ChemicalProcessing #CleanEnergySolutions #ProactiveInvestors…
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