Cloud PRWire

–News Direct– TRU Precious Metals CEO Joel Freudman joined Steve Darling from Proactive to share details about the successful closure of a $3 million dollar non-brokered private placement with a wholly-owned subsidiary of Ormonde Mining Plc. Freudman highlighted that Ormonde Mining Plc is a natural resources company led by an experienced team with diverse expertise in areas such as base and precious metals, investment banking, and advisory services. The completion of this private placement marks a pivotal moment for TRU Precious Metals, as it establishes a strong partnership with Ormonde. According to Freudman, this deal represents a transformative opportunity for TRU Precious Metals. With the investment from Ormonde, the company has gained a significant partner and shareholder, making...

–News Direct– Wallbridge Mining CEO Marz Kord joined Steve Darling from Proactive to provide an update on the company's ongoing activities in the Grasset Gold Project, which is situated adjacent to the Fenelon Gold Project. Kord shared that Wallbridge Mining has initiated a phase-one drill program at Grasset Gold, encompassing approximately 5,000 meters of drilling. Kord emphasized the significance of the ongoing exploration efforts in the Grasset East Flexure area. He mentioned that the company has identified 11 high-priority gold targets in this region using airborne geophysics data. These targets represent opportunities for potential gold mineralization that have not yet been tested by drilling. Wallbridge Mining's focus on exploring the Grasset East Flexure area alig...

–News Direct– Rainbow Rare Earths Limited CEO George Bennett joined Steve Darling from Proactive to share news that the front end of the Phalaborwa pilot plant in South Africa has successfully produced its first batch of mixed rare earth sulphate, totaling approximately 3 kg. ennett highlighted that this milestone was achieved on time and met the expectations outlined in the Preliminary Economic Assessment. Specifically, the reagent consumption/costs and recoveries aligned with the projections of the PEA. The front-end pilot plant's achievement involved the production of a 58% mixed rare earth sulphate product with an overall recovery of around 65%, in line with what was anticipated in the PEA. This mixed rare earth sulphate product includes all four of the most economically im...

–News Direct– Green Technology Metals Ltd (ASX:GT1) CEO Luke Cox speaks with Proactive after announcing the company has signed an offtake agreement to supply LG Energy Solution with 25% of all spodumene concentrate produced from the Seymour Lithium Project for five years. The full-form offtake agreement follows an offtake term sheet and equity subscription agreement executed in May that saw LG Energy Solution invest $20 million and become Green Technology Metals second largest shareholder. LG Energy Solution is part of LG Group and is a global leader and innovator in EV battery manufacturing. This is the first lithium offtake agreement to be secured in Ontario, creating a strategic alignment within the province's critical minerals supply chain. The agreement delivers strategic ali...

–News Direct– Pegasus Resources' CEO Chris Timmins, joined Steve Darling from Proactive to provide an update on the company's plans for advancing its projects. Timmins revealed that Pegasus Resources is actively preparing for its inaugural drill program at the Pine Channel Uranium Property in the Athabasca Basin. This drill program represents a significant step forward for the company, as it aims to explore and potentially develop uranium resources in this prolific mining region. Additionally, the company is focused on returning to its Icefields projects located near Golden, British Columbia. In collaboration with Dahrouge Geological Consulting, Pegasus Resources plans to carry out a comprehensive mapping and sampling program. This program is designed to further enhanc...

–News Direct– Santacruz Silver Mining executive chairman and interim CEO Arturo Elizondo joined Steve Darling from Proactive to share significant financial updates. Elizondo announced the release of the company's second-quarter financial results, highlighting steady production figures from operations in Bolivia and Mexico. The company achieved a notable milestone by processing 443,969 tonnes of material during the quarter, marking an 8% increase from the first quarter. Moreover, for the first half of 2023, Santacruz Silver Mining successfully processed a total of 926,466 tonnes. Elizondo provided further insights into the company's production accomplishments, revealing that it produced 5,569,535 silver-equivalent ounces during the quarter, and an impressive 11,213,918 ...

–News Direct– Brightstar Resources Ltd (ASX:BTR) MD Alex Rovira talks Proactive through the positive findings of a scoping study for the 100%-owned Menzies and Laverton gold projects in Western Australia. Initial mine production will target approximately 5.28 million tonnes at 2 grams per tonne gold for 322,617 ounces over approximately eight years. He says the staged mine plan provides early cashflow from the Menzies Gold Project to organically fund the restart of the Laverton Gold Project. Total project pre-production capital has come in at approximately $22 million. It is pleasing to announce the results of our scoping study, which outlines a low-capital pathway to production from our assets, Rovira said. We have delineated four key deposits within our Menzies & Laverton gold p...

–News Direct– Source: Freepik Austin-based tech startup Apptronik just unveiled Apollo, a humanoid robot designed to transform the industrial workforce. Standing at 5 feet, 8 inches tall, and weighing 160 pounds, Apollo has the ability to lift 55 pounds and is designed to perform menial tasks in the logistics and manufacturing industries. According to co-founder and CEO of Apptronik Jeff Cardenas, we need to fundamentally change the way we think about work, particularly in the warehouse and the supply chain, as labor challenges and employment trends continue to impact our economy. "People don't want to do robotic, physically demanding work in tough conditions and they shouldn't have to. Humanoid robots are not just an answer to this challenge, they are a necessit...

–News Direct– Maximus Resources Ltd (ASX:MXR, OTC:MXRRF) MD Tim Wither tells Proactive the company has intersected a geological sequence similar to that hosting the Wattle Dam high-grade gold lode, confirming a structural offset and potential for repetition at the Wattle Dam Project near Kambalda in Western Australia. The company's assay results confirm extensive gold mineralisation and pathfinder elements, narrowing the targeted area and requiring follow-up drilling. The first phase drill results have been a very exciting development for the company, Wither said. Drilling has confirmed a geological sequence on the western side of the shear zone, similar to that observed at Wattle Dam, indicating a structural offset has occurred. Secondly, a large area of biotite alteration was in...

–News Direct– Sprintex Ltd (ASX:SIX) MD Jay Upton tells Proactive the company has completed the testing, validation and benchmarking for its G26 (25kW) standalone turbo-blower, designed to enhance wastewater aeration and industrial applications. The G26 turbo-blower, part of the newly introduced G series, boasts an impressive 80,000-hour service life and delivers substantial energy efficiency, saving 20% in energy during steady state operation and 30% during Smart Pulse Aeration operation, compared to similar products in the market. The proprietary Smart Pulse Aeration technology features a user-friendly touchscreen interface, programmable logic controls, surge protection, safety alarms and protection systems. Sprintex is launching a comprehensive marketing campaign for the new product li...