News Release
Evergold Corp says Magnetic Survey identifies new large target at DEM Property
Evergold Corp
Evergold Corp's CEO Kevin Keough joined Steve Darling from Proactive to provide and update regarding recent developments on the DEM property in central British Columbia. He announced the completion of a high-resolution heliborne magnetic survey, which revealed a significant new target, designated as DEM2. This newly identified target shares similarities in scale and geophysical characteristics with the DEM1 porphyry prospect. According to Keough, DEM2 is situated approximately 4 kilometers southeast of the DEM1 target, separated by a granitic intrusion. The decision to conduct the survey followed a successful 3-hole reconnaissance drill program carried out late last year on the DEM1 prospect. This program targeted a multi-element geochemical anomaly in soils overlaying strong magnetic, IP chargeability, and resistivity anomalies. The company plans to provide further details on its plans for the 2024 field season, which may include drilling activities to follow up on the results obtained from the previous drill program conducted last fall. This demonstrates Evergold Corp's commitment to advancing exploration efforts and potentially unlocking the mineral potential of the DEM property. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com
February 28, 2024 07:20 AM Eastern Standard Time
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Standard Uranium prepares for drilling program at Atlantic Project in northern Saskatchewan
Standard Uranium Ltd
Standard Uranium President and VP of Exploration Sean Hillacre joined Steve Darling from Proactive to share the company's plans for an aggressive exploration program set to commence in 2024. The program is poised to kick off with the mobilization of crews for the inaugural drill campaign at the 3,061-hectare Atlantic Project located in the prolific eastern Athabasca Basin in northern Saskatchewan. Currently, the Project is under an option agreement with ATCO Mining, which aims to earn a 75% interest in the project. Hillacre outlined that the 2024 drill program is designed to fulfill the first year of minimum exploration expenditures required by the Option agreement. The company plans to drill 2,000 to 3,000 meters across 4 to 6 drill holes, with a focus on targeting high-grade unconformity-related uranium mineralization. One of the key areas of focus for the drill program will be target area A on the Project, where a significant density anomaly coincides with modeled electromagnetic conductors and interpreted faults. Additionally, the program will include follow-up drilling on areas with highly anomalous uranium results and major structural intersections. Overall, Standard Uranium's aggressive exploration program underscores its commitment to advancing the Atlantic Project and unlocking its uranium potential in the highly prospective Athabasca Basin. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com
February 28, 2024 07:17 AM Eastern Standard Time
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RocketFuel Payment Solutions CEO Jensen Predicts Shift to Digital Currencies & Blockchain Globally
RocketFuel Blockchain Inc
RocketFuel Payment Solutuons CEO Peter Jensen joined Steve Darling from Proactive to share insight into a discussion that delved into the evolving landscape of global currencies and the impact of blockchain technology, especially after Bitcoin breached previous highs of $57,000. With a focus on the potential shift away from the dominance of the US dollar, Jensen highlights the growing interest in cryptocurrencies and stable coins for international transactions. He emphasizes the efficiency and security benefits of blockchain, suggesting a future where countries or alliances could adopt their own digital currencies. The conversation explores the strategic implications for businesses and governments, noting the gradual adoption of these technologies worldwide. Jensen's perspective hints at a paradigm shift where crypto adoption may begin outside North America before influencing the region. RocketFuel Inc. remains positioned to leverage these trends, witnessing increasing adoption of digital currencies among businesses. The interview offers valuable insights into the evolving landscape of global finance and technology. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com
February 28, 2024 07:15 AM Eastern Standard Time
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EGR Exploration hits major milestone with drill permits granted on Detour West Project
EGR Exploration Ltd.
EGR Exploration Limited CEO Daniel Rodriguez joined Steve Darling from Proactive to share significant news regarding the company's Detour West Property, as their application for a drilling permit has been approved by the Ontario Ministry of Mines. Rodriguez revealed that the approved permit allows EGR to commence drilling activities aimed at exploring the potential westward extensions of the Detour-Fenelon Gold Trend onto EGR’s Detour West Property, which is adjacent to the Detour Lake Mine Property owned by Agnico Eagle. The company has received approval for the drilling of one hundred and twenty-three Reverse Circulation drill holes, planned to test approximately 30 kilometers of interpreted structural corridors. These drill holes are strategically planned along 16 fences spaced approximately 400 meters apart, with 1 to 2.5 kilometers between fences. Interpretation of geological and magnetic geophysical data has identified five areas of interest, which are the primary targets of the proposed drilling program. The objective of this program is to identify gold-in-till (gold dispersal trains) that may lead to mineralized portions of interpreted shear structures and to gather top-of-bedrock lithological data. This data collection process will aid in creating an accurate geological map in close proximity to the interpreted east-west trending shear structures, potentially representing extensions of the Detour-Fenelon Trend. This approval marks a significant milestone for EGR Exploration Limited, allowing the company to advance its exploration efforts and potentially uncover valuable mineral resources in the Detour West Property area. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
February 28, 2024 07:12 AM Eastern Standard Time
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Fincraft Group head Kenges Rakishev discusses investment strategy; Borealis Foods IPO
Fincraft Group
Fincraft Group head Kenges Rakishev joins Proactive's Stephen Gunnion with more details about the company following the successful IPO of Borealis Foods on NASDAQ through a combination with Fincraft's Oxus Acquisition Corp. Fincraft, a privately-owned Kazakhstan holding company, focuses on investments both within Kazakhstan and internationally, boasting a diverse portfolio that includes mining companies such as Kaznickel, which holds large deposits of nickel and cobalt, and oil and gas production entities. Fincraft Group has also ventured into refinery trading, education by owning private schools, and financial services, including ownership of a significant financial institute and a brokerage company. Rakishev, with a background spanning over 20 years in private business, including investments in the machinery industry, petrochemicals, and real estate, highlighted the opportunities in diverse sectors, especially given the geopolitical risks and the transitional phase of Kazakhstan's transportation system. Kazakhstan, being rich in natural resources and the ninth largest country globally, presents significant investment opportunities in oil, gas, and minerals like nickel and cobalt, crucial for renewable energy technologies. Fincraft is a long-term investor in Kazakhstan, with strategic interests varying based on the sector and opportunity. Rakishev said the listing of Borealis Foods, a food tech company focusing on protein-rich, healthy food products, marks a significant milestone as part of Fincraft's investment strategy. Looking forward, Rakishev is optimistic about the prospects in oil and gas, nickel, cobalt, and the broader Kazakh economy, emphasising the potential in transportation and logistics. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
February 28, 2024 07:10 AM Eastern Standard Time
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HIVE Digital Technologies on green bitcoin mining & AI pivot | Crypto Round-Up
HIVE Digital Technologies
HIVE Digital Technologies, a prominent Bitcoin miner is at the forefront of the Bitcoin mining sector with operations in Sweden and Iceland. Frank Holmes, co-founder and chairman of HIVE, emphasised the role of Bitcoin in the digital financial transformation, highlighting the significant inflows into Bitcoin ETFs such as those from VanEck and BlackRock. Holmes underscored the decentralised nature of the Bitcoin ecosystem, powered by 17,000 nodes worldwide, offering transaction validation at a fraction of traditional banking costs. He discussed the upcoming Bitcoin halving in April, its implications for the mining sector, and Hive's commitment to mining "green coins" using renewable energy sources. Despite challenges from the discontinuation of Intel's ASIC chips for Bitcoin mining, Hive remains innovative, focusing on energy efficiency and high-performance computing (HPC) to pivot towards AI and other high-margin business models. With Ethereum's shift away from mining, Hive is adapting by expanding its AI capabilities and hedging strategies to maintain profitability. Holmes also highlighted Hive's significant Bitcoin holdings and their strategies for managing market volatility. The conversation touched on regulatory perceptions in Sweden and Iceland, Hive's operational efficiencies, and the broader implications of Bitcoin's decentralisation amidst increasing institutional investments. Finally, Holmes shared insights into the current Bitcoin market dynamics and the potential for Bitcoin as a hedge against inflationary pressures, comparing its investment appeal to that of gold. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
February 28, 2024 07:06 AM Eastern Standard Time
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HIVE Digital Technologies secures 1,000 New Energy Efficient Bitmain S21 Antminers to increase HODL
HIVE Digital Technologies
Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive and shared significant updates regarding the company's Bitcoin mining operations. He announced the purchase of 1,000 Bitmain S21 Antminers, which will add 200 petahash per second of high-efficiency Bitcoin mining capacity to the company's operations. The S21 Antminer is recognized as one of the newest and most efficient Bitcoin mining ASIC systems, boasting a remarkable energy efficiency of 17.5 joules per terahash. Additionally, Daubaras disclosed that Hive Digital Technologies has further strengthened its position by accumulating 2,070 Bitcoin on its balance sheet as of February 21, 2024. This proactive approach aligns with the company's strategic preparation for the upcoming Bitcoin Halving event, expected in late April 2024. Rather than expanding its physical footprint, the company has opted to upgrade its mining fleet with the latest and most efficient machines available. This strategic decision aims to lower the average costs of Bitcoin production and enhance operational efficiency. By upgrading to the S21 Antminers, Hive Digital Technologies plans to increase its target Exahash from 5.3 EH/s to 5.5 EH/s by the end of June 2024, leveraging its 140 MW of operating infrastructure globally. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
February 28, 2024 07:04 AM Eastern Standard Time
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Trust Stamp flags Trojan impacting 3rd party biometric systems on iOS
T Stamp Inc
Trust Stamp CTO Scott Francis joined Steve Darling from Proactive to issue a warning to financial institutions and their customers regarding the emerging dangers posed by Trojans targeting bank accounts. One such newly discovered Android Trojan, dubbed "GoldDigger," has raised concerns among cybersecurity experts. Furthermore, Group-IB's threat intelligence unit identified a cluster of aggressive banking Trojans, including GoldPickAxe, which is the first known iOS Trojan designed to harvest facial biometric data for unauthorized access to bank accounts. Francis emphasized the importance of safeguarding biometric data in light of rapidly evolving attacks like these Trojans. He highlighted Trust Stamp's revolutionary Stable IT2 TM technology and biometric multi-factor authentication, which do not store or retain any biometric data on vulnerable devices. Additionally, no identifying data is stored on the user's device. This biometric cryptographic system offers authentication without leaving behind any biometric breadcrumbs that could be exploited by cybercriminals. By combining biometric multi-factor authentication with device authentication, Trust Stamp disrupts the transaction flow used by attackers behind these Trojans. This approach not only utilizes biometric authentication with proof of life but also ensures that the user is in possession of the authorized device, thereby enhancing security and mitigating the risks associated with such attacks. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com
February 28, 2024 07:01 AM Eastern Standard Time
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Forte Minerals hits key milestone with first ESG report on Mining in Peru
Forte Minerals Corp.
Forte Minerals CEO Patrick Elliott joined Steve Darling from Proactive to share news about the company's publication of its initial Environmental, Social, and Governance (ESG) report. This significant milestone demonstrates Forte Minerals' dedication to sustainable exploration and mining practices and underscores its commitment to responsible operations. Elliott highlighted that the pillars of the ESG report emphasize the company's commitment to sustainability, which begins during the exploration phase and lays the groundwork for responsible growth. As an exploration company, Forte is focused on implementing strategic measures to manage and mitigate environmental impacts as it progresses. Furthermore, the report underscores Forte Minerals' social responsibility efforts in Peru, where the company has had a longstanding presence for over 15 years. This engagement highlights the company's dedication to fostering local development, enhancing community engagement, and ensuring equitable practices. In addition to environmental and social aspects, the ESG report also elaborates on Forte Minerals' governance structure, emphasizing ethical conduct, anti-corruption measures, and the promotion of diversity and inclusion. Elliott emphasized that this report showcases the company's commitment to ethical exploration and mining practices, offering a transparent overview of its governance practices and dedication to community engagement and sustainability. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
February 28, 2024 06:58 AM Eastern Standard Time
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