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Pre-market: Bitget adds EigenLayer (EIGEN) tokens for its users before launch

Bitget

Bitget, the world's leading cryptocurrency exchange and Web3 company, has announced the listing of EigenLayer bringing EIGEN, one of the most awaited Ethereum ecosystem-based tokens. With this new listing Bitget users can gain early access to EIGEN tokens through which they can take buy and sell positions prior to the launch of the token. The feature aims to meet the demand for pre-listing trading of the latest tokens. With enhanced liquidity, it provides a better trading experience for new token listings. EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake ETH or LST and extend cryptoeconomic security to additional applications on the network to earn additional rewards. With EigenLayer, Ethereum stakers can help secure many services by restaking their staked ETH and opting-in to many services simultaneously, providing pooled security. Reusing ETH to provide security across many services reduces capital costs for stakers to participate and significantly increases the trust for individual services. Bitget's new product feature: the Pre-market is designed to facilitate trading for tokens such as EIGEN that have not yet been officially listed on the spot market of major centralized exchanges. By enabling pre-listing trading, users can gain early pricing power over tokens, making it easier to become the primary trading market for the asset once it is listed on various exchanges. Bitget's Pre-market is a strategic product positioned to capture the interest of proactive traders and investors who aim to leverage early access in high-potential low-cap tokens. The feature benefits users by providing them with the opportunity to trade in tokens like EIGEN before they hit the broader market. With focus on pre-listing trading, Bitget is building its ecosystem to function as an all-in-one solution for new and pro traders alike. The initiative aligns with Bitget’s broader goals of expansions in its spot and various other corridors. Launched in April 2024, Bitget's Pre-market has given users early access to projects such as Merlin Chain (MERL), Renzo (REZ), BounceBit (BB), Meson Network (MSN) and now the latest edition of EigenLayer (EIGEN). Bitget is now one of the top 10 crypto spot trading platforms with over 700 coins and 800 pairs. With the introduction of Pre-market, Bitget continues to innovate and provide solutions to meet the evolving needs of cryptocurrency traders and investors. For more information, users can visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

April 30, 2024 01:04 PM Eastern Daylight Time

Century Lithium Unveils Robust Feasibility Study Results for Clayton Valley Lithium Project

Century Lithium Corp

Century Lithium CEO Bill Willoughby joined Steve Darling from Proactive to reveal the highly promising outcomes of its extensive 43-101 Feasibility Study conducted on its flagship Clayton Valley Lithium Project in Nevada. The company's comprehensive analysis underscores a compelling future for the project, driven by a proposed three-phase production plan set to yield an average annual output of 34,000 tonnes of battery-grade lithium carbonate. Backed by over two years of rigorous testing at the company's Pilot Plant, the Feasibility Study presents a solid foundation for the project's viability. Notably, the Mineral Resource Estimate encompasses Measured and Indicated resources totaling a substantial 1,207.33 million tonnes, boasting an average grade of 957 parts per million lithium. This translates to a remarkable lithium content of 1.155 million tonnes or 6.148 million tonnes of lithium carbonate equivalent. CEO Bill Willoughby highlighted key financial metrics, affirming the project's attractiveness. With a projected 40-year mine life, the Phase 1 Capital Cost stands at $1.537 billion, facilitating a production capacity of 13,000 tonnes per annum of lithium carbonate equivalent. Moreover, the project boasts a commendably low operating cost, with $8,223 per tonne of Li2CO3 produced or $2,766 per tonne after sales of surplus sodium hydroxide. The Feasibility Study further underscores the project's financial strength, with an after-tax Internal Rate of Return (IRR) of 17.1% and an after-tax net present value (NPV) of $3.01 billion at an 8% discount rate. These figures are based on price assumptions of $24,000 per tonne for Li2CO3 and $600 per dry metric tonne for NaOH. With the completion of the Feasibility Study, Century Lithium is now poised to shift its focus towards engineering and permitting activities. Simultaneously, the company is actively engaging with government agencies, strategic partners, and other stakeholders to secure funding, maximizing value for its shareholders in line with the promising findings outlined in the study. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

April 30, 2024 12:19 PM Eastern Daylight Time

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Nevis Brands Expands Major Distribution with Exclusive Licensing Agreement in Mississippi

Nevis Brands

Nevis Brands CEO John Kueber joined Steve Darling from Proactive to announce the company has announced a significant expansion in Major's distribution through an exclusive licensing agreement with Stash House for production and distribution in Mississippi. Under this agreement, Stash House will have exclusive rights to produce and distribute the full lineup of Major products in the state. The Major lineup includes dose-able 100mg THC beverages available in flavors such as Blueberry, Fruit Punch, and Blackberry Lemonade. Known for delivering the effects of cannabis within a short timeframe of 10-20 minutes after consumption, Major has gained popularity since its initial launch in Washington State in 2019, with over 5 million bottles sold to date. Kueber highlighted Mississippi's recent legalization of cannabis for medical use in January 2023, which has led to the licensing of over 400 dispensaries in the state. This agreement marks Major's entry into its 10th state for production, further expanding its reach across the United States. Currently available in Washington, Oregon, Arizona, Ohio, Colorado, Nevada, California, and Missouri, Major is also preparing for production in Michigan, signaling the brand's continued growth and market penetration. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 30, 2024 12:12 PM Eastern Daylight Time

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BioHarvest Sciences Reports Strong Financial Performance for 2023, Eyes Nasdaq Listing

BioHarvest Sciences Inc

BioHarvest Sciences CEO Ilan Sobel joined Steve Darling from Proactive to share the company's impressive financial and operational results for the fourth quarter and full year ended December 31, 2023. Revenue surged by 131% to $12.7 million in 2023, compared to $5.5 million in 2022, with fourth quarter revenue growing by 85% to $4.5 million. Notably, gross margins for the fourth quarter improved to 51%, up from 27% in the same period of 2022, and full-year gross margins rose to 45%, from 22% in 2022. In the US market, BioHarvest Sciences experienced significant growth, with new customer and subscriber counts more than doubling. Despite this growth, marketing costs increased by only 48%, while customer churn and cost of acquisition decreased, indicating improved efficiency in customer acquisition and retention strategies. Looking ahead, Sobel provided revenue guidance for the first and second quarters of 2024, expecting revenues to range between $5.2-$5.3 million and $5.7-$6.0 million, respectively. The company also launched a new 'Hot Beverage' lineup in December 2023, starting with VINIA® Functional Coffees, with additional VINIA® products in the pipeline. In a strategic move towards broader market access, BioHarvest Sciences is working towards listing on the Nasdaq Exchange in the United States. To meet Nasdaq's minimum share price requirements, the company plans to seek shareholder approval for a share consolidation of 35-1 at its Annual and Special General Meeting on May 27, 2024. Additionally, the company aims to enhance corporate governance by adding an additional independent director to meet Nasdaq requirements. These initiatives underscore BioHarvest Sciences' commitment to unlocking greater shareholder value and expanding its presence in the US market. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 30, 2024 12:10 PM Eastern Daylight Time

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Applied Graphite Technology announces company now trading on OTCQB with ticker AGRTF

Applied Graphite Technologies Corporation

Applied Graphite Technology Corporation CEO Don Baxter joined Steve Darling from Proactive to announce a significant milestone with the successful completion of the cross-listing of its common shares on the OTCQB Venture market. The company's common shares are now actively trading on the OTCQB under the ticker symbol "AGRTF", while still maintaining its primary listing on the TSX Venture Exchange under the ticker symbol "AGT". CEO Don Baxter emphasized the strategic importance of this listing, highlighting the opportunity it presents for Applied Graphite Technologies to tap into a large United States investor base. This move is expected to not only allow investors to directly participate in the company's growth but also enhance trading liquidity and broaden outreach within the global investment community. The OTCQB, operated by the OTC Markets Group Inc. in New York City, New York, holds recognition from the United States Securities and Exchange Commission (SEC) as an established public market. With over 10,000 United States and global securities traded, the OTCQB serves as the mid-tier of the OTC for early-stage and developing companies, providing investors with access to price and financial information. By joining the OTCQB, Applied Graphite Technology Corporation aims to bolster its visibility and accessibility to a broader range of investors while furthering its growth trajectory in the graphite technology sector. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 30, 2024 12:06 PM Eastern Daylight Time

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Cloud DX Reports Significant Revenue and Profit Growth in 2023

Cloud DX

Cloud DX CEO Robert Kaul joined Steve Darling from Proactive to discuss the company's impressive performance in its 2023 full-year results. Notably, Cloud DX reported a substantial 55.4% increase in revenue, reaching $1.8 million. A key driver of this growth was the remarkable surge in subscription revenue, which soared by nearly 70%, surpassing the overall revenue increase. This shift towards subscription revenue, characterized by high margins exceeding 90%, has significantly bolstered profitability, with gross profit doubling to $1.2 million, reflecting a remarkable 112% increase. The company's stellar performance is further underscored by its operational efficiency, as evidenced by a noteworthy $1.3 million reduction in operating expenses. This reduction was achieved through strategic staff cost management, executed without compromising on customer service quality. As a result, Cloud DX achieved a more than 20% decrease in operating loss, setting a positive trajectory towards profitability and positive cash flow in the coming quarters. Looking ahead, Cloud DX is well positioned to solidify its presence in the remote patient monitoring market in Canada. The company boasts the largest share of provincial contracts and maintains robust partnerships with major industry players such as Medtronic and Teladoc Health. Moreover, Cloud DX's successful early conversion of convertible debt at a premium underscores its strong financial management and commitment to enhancing shareholder value. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 30, 2024 12:04 PM Eastern Daylight Time

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Silver Range Resources announces plans to raise capital as company readies 2024 exploration plans

Silver Range Resources Ltd

Silver Range Resources CEO Mike Power joined Steve Darling from Proactive to announce the company is gearing up for continued exploration and prospecting activities in 2024, with plans to raise approximately $300,000 through a market offering. CEO Mike Power shared the company's strategy, emphasizing the importance of securing funding to support ongoing operations and capitalize on potential market improvements. Power highlighted the current market conditions in the junior gold mining sector, describing it as depressed but poised for recovery, particularly in light of gold price trends. Despite the challenges posed by the current environment, he expressed optimism about the sector's near-term prospects and anticipated changes that could unfold in the coming weeks. In addition to the financing initiative, Power provided insights into Silver Range Resources' operational activities, highlighting ongoing field work in Nevada. Nevada's favorable mining conditions and efficient permitting process were underscored as key advantages for the company. Power also mentioned discussions with Australian entities expressing interest in new projects, further illustrating the company's commitment to leveraging opportunities for growth and expansion. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 30, 2024 12:01 PM Eastern Daylight Time

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Magnetite Mines builds green iron ore vision in pivotal March quarter

MAGNETITE MINES LIMITED

Magnetite Mines Ltd (ASX:MGT) CEO Tim Dobson is back with Proactive’s Elisha Newell to deliver the highlights of the company’s latest quarterly report.The first three months of 2024 saw MGT make headway on several key endeavours as it continues to shape the cornerstone Razorback Iron Ore Project, where it's out to deliver premium ‘DR-grade’ iron ore concentrates to support emerging demand from the decarbonising iron and steelmaking industry.Over the quarter, the company made headway on its strategic partnering discussions, with due diligence completed by several key groups and transactional negotiations in progress. This process took company reps to Japan and Saudi Arabia to engage in face-to-face meetings with some prospective partners, which accelerated relationships with several of MGT’s target groups.Another highlight was a memorandum of understanding inked with the Port Pirie Regional Council, which positions the district as a future hub for green iron production and potential downstream processing. More broadly, Dobson says MGT is focused on aligning the company’s vision with both state and federal governments to foster support for Razorback’s development alongside the emerging ‘green iron’ industry.Progress was also made on a key regulatory milestone: Magnetite Mines' Razorback mining lease proposal is now 90% complete, with submission expected during the current quarter. All things considered, Dobson says the iron ore hopeful is ramping up for another busy season as it works to bring its sustainable magnetite vision to life. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

April 30, 2024 10:30 AM Eastern Daylight Time

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3 Penny Cryptos With Massive Potential in 2024: Dogecoin, Hedera, and Raboo

Total Media

As the crypto landscape continues to evolve post-Bitcoin halving, investors are keenly scouting for opportunities that promise high returns without the hefty investment. Penny cryptos, known for their affordability and moonshot potential for substantial gains, are attracting attention. In 2024, three such cryptos — Dogecoin, Hedera, and Raboo — look set to make significant impacts. Among these, Raboo stands out not only for its price, but also for its innovative approach and growing community support. Dogecoin: The popular favourite Dogecoin, the original meme coin, remains a favourite among investors for its viral appeal and robust community. Despite its origins as a joke, Dogecoin has seen substantial real-world application and adoption by retailers and even fundraisers. While Dogecoin’s price often benefits from social media hype and celebrity endorsements, it maintains a resilience that could see new heights in this current market phase, especially with growing mainstream acceptance. Hedera: The enterprise mover Hedera has carved a niche for itself with its highly efficient hashgraph technology, setting it apart from typical blockchain models. Known for its low fees and high-speed transactions, Hedera appeals to enterprise clients looking to integrate blockchain solutions without the environmental cost associated with traditional models. As businesses continue to prioritize sustainability, Hedera’s practical applications in the real world could lead to increased demand and higher token valuation. Raboo: The Innovative Challenger Raboo is swiftly climbing the ranks as a noteworthy contender in the penny crypto space. This AI-backed meme coin distinguishes itself through technological innovation — leveraging artificial intelligence to scan, analyze, and propagate only the highest quality memes, ensuring viral potential and engagement. With a third stage price of just $0.0042 and predictions of a 100x return, Raboo’s presale phase has already attracted massive levels of attention. The token’s structure promises not only profitability but also active community involvement and rewards, which could solidify its place as a staple in the portfolios of both meme coin enthusiasts and serious investors. Investment potential and market trends The investment appeal of penny cryptos like Dogecoin, Hedera, and Raboo lies in their low entry cost and potential for moonshot returns. For Dogecoin, its enduring popularity and increasing integration into payment systems provide a stable growth outlook. Hedera’s appeal lies in its revolutionary tech and green credentials, which are likely to attract institutional investors as the market shifts towards sustainability. Raboo, however, offers a unique proposition by combining the virality of meme coins with sophisticated AI technology, making it the top investment for those looking to capitalize on quick gains while engaging in a vibrant, interactive community. With its strategic marketing and solid tokenomics, Raboo is not just another meme coin but a potential market mover in 2024. As the crypto market continues to mature, the penny cryptos segment presents exciting opportunities for investors willing to explore less traditional paths. Dogecoin, Hedera, and Raboo each offer unique attributes that could lead to substantial returns. Particularly, Raboo, with its innovative use of AI in the crypto market, is set to not just participate but potentially lead the next wave of crypto trends. For those looking to diversify into dynamic and potentially lucrative realms of the crypto world, these three penny cryptos present compelling cases for consideration. You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

April 30, 2024 09:00 AM Eastern Daylight Time

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