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Thor Explorations says gold price has boosted cash generation as it reiterates production guidance

Thor Explorations Ltd

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) president and CEO Segun Lawson tells Proactive's Stephen Gunnion the company is on track to meet its target of 95-100,000 ounces of gold from the Segilola mine in Nigeria following a productive first quarter. The company completed plant upgrades and mining activities from the previous year, leading to gold production of over 19,500 ounces in this quarter. These upgrades contributed to increased monthly gold production, reaching 1,200 ounces in March alone. Additionally, Thor Explorations made significant debt repayments, reducing its senior debt facility to only $15 million. The company also built a stockpile of over 6,000 ounces of high-grade gold. Drilling is continuing across all of its projects including near targets and underground at Segilola and exploration holes at the Douta and Douta West licences in Senegal. An updated Mineral Resource Estimate and PFS at the Douta project is now expected in the second half of 2024. While the company has slowed down exploration on their lithium licences, it is preparing for a substantial 4,000-metre drilling programme focused on identified lithium anomalies. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 19, 2024 03:00 AM Eastern Daylight Time

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Greatland Gold says gold at a record boosts the economics of the company's projects

Greatland Gold PLC

Greatland Gold PLC managing director Shaun Day discusses the impact of high gold prices on the economics and potential of the company's projects in an interview with Proactive's Stephen Gunnion. Day highlighted that the high gold price significantly boosts the value of Greatland Gold's projects, especially Havieron, which is noted for producing superior economic returns throughout various market cycles. With gold trading near record highs and a substantial resource base of 8.4 million ounces, the company is focused on transitioning more resources into reserves, enhancing their value under the current pricing conditions. Additionally, Day pointed out the concurrent strong performance in copper prices, which also benefits Greatland Gold, given their assets include about 20% copper. Looking ahead, he expressed optimism about the gold market, citing upcoming interest rate cuts and ongoing geopolitical risks as factors likely to support higher gold prices. This environment, he believes, will be particularly beneficial for gold companies, including Greatland Gold, which is well-positioned to leverage its significant gold inventory and favourable Australian operating conditions to enhance company valuations, especially in a strong USD and weak AUD scenario. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 19, 2024 03:00 AM Eastern Daylight Time

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i3 Energy CEO Majid Shafiq says strategic royalty asset sale boosts financial metrics

i3 Energy PLC

i3 Energy PLC chief executive Majid Shafiq tells Proactive's Stephen Gunnioin the sale of a portion of the company's royalty assets significantly enhances the company's financial metrics. These assets, described as non-core, consisted of 388 barrels per day of oil equivalent, generating a forecasted $3.6 million in cash flow annually. Despite their low production and cash flow impact, they fetched $25 million. Shafiq highlighted that this sale accelerates value realization, effectively trading less than 2% of last year's production for about 14% of the company's market cap. The transaction has zeroed i3 Energy's net debt and created a working capital surplus, enabling access to a fully undrawn $75 million Canadian debt facility. The proceeds are earmarked for business growth in Canada, potentially through drilling high-return oil and gas wells or pursuing mergers and acquisitions. This aligns with i3 Energy's strategy of maximizing shareholder value through tactical asset management and sensible acquisition and divestment. The company retained its royalty position in the strategically valuable Montney position at Simonette, anticipating substantial future gains from its high-potential oil wells. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 19, 2024 03:00 AM Eastern Daylight Time

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Challenger Energy secures £1.5m strategic investment from Charleston Energy Partners

Challenger Energy Group PLC

Challenger Energy Group PLC CEO Eytan Uliel joins Proactive's Stephen Gunnion with details of a £1.5 million strategic investment from Charleston Energy Partners, a New York-based fund connected to a family office since 2005 and involved in energy investments since 2016. Uliel highlighted Charleston's understanding of Challenger Energy’s operations and strategy. The funds are intended to support immediate working capital needs and enable progress on a new block in Uruguay, even before a major deal with Chevron is finalized. This Chevron partnership, pending approval by Uruguayan regulators, promises a £12.5 million influx that will sustain Challenger Energy’s operations for an extended period. Uliel said Charleston Energy’s contribution extends beyond financial investment; it brings industry-specific knowledge and a commitment as long-term investors. Additionally, Robert Bose, Managing Member of Charleston and CEO of Sintana—another energy company with significant holdings in Namibia—will join Challenger Energy’s board, adding valuable expertise. The financial move is structured as a convertible loan which will convert into an approximately 8.5% shareholding for Charleston following a share consolidation. Upcoming milestones for investors include the completion of the Charleston transaction and the commencement of work with Chevron, both expected to significantly advance Challenger Energy’s asset development. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 19, 2024 03:00 AM Eastern Daylight Time

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Summer Pool Parties and Live Performances Announced for 2024 at Graton Resort & Casino

Graton Resort & Casino

Graton Resort & Casino is turning up the summer heat with an exciting series of poolside events. A spectacular lineup of live performances and parties begins June 1. Tickets go on sale April 19, 2024. Resort access is limited to guests aged 21 or older. The resort's summer live performances: June 1: Lil Jon July 13: Pauly D September 14: James Kennedy Buy tickets at www.gratonresortcasino.com The integration of superior sound systems, designer stages and exclusive VIP packages will provide attendees with an immersive experience that resonates with the resort’s reputation for luxury and exclusivity. VIP packages offered include cabanas and daybeds, bottle service, and more. Cabanas accommodate up to eight guests and feature amenities such as a TV, stocked fridge, fan, chaise lounges and other perks. The daybed package, suitable for up to six guests, includes a dedicated VIP server and other exclusive benefits. About Graton Resort & Casino Graton Resort & Casino, located in Rohnert Park, California, is a premier destination for entertainment, dining and gaming in Northern California. Boasting a luxurious atmosphere and world-class amenities, Graton Resort & Casino offers guests an unparalleled experience with its diverse selection of restaurants, bars, gaming options and live entertainment venues. From thrilling gaming action to upscale dining and relaxing spa treatments, Graton Resort & Casino provides an all-encompassing retreat for visitors seeking excitement and relaxation. For more information, visit https://www.gratonresortcasino.com/. ### Contact Details Landis Communications Inc. Brianne Miller +1 650-575-7727 graton@landispr.com Company Website https://www.gratonresortcasino.com/

April 18, 2024 02:58 PM Pacific Daylight Time

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Baselode Energy begins 1500 metre drill program at Bear Uranium project in Athabasca Basin

Baselode Energy Corp

Baselode Energy CEO James Sykes joined Steve Darling from Proactive to provide updates on the Bear uranium projects located in the Athabasca Basin in northern Saskatchewan. Sykes outlined the company's plans for the upcoming drill program, emphasizing the strategic targeting of multiple areas within the project. The Bear drill program is slated for 1,500 meters, with 6 to 8 drill holes strategically targeting 3 to 4 different areas of interest. Sykes noted that the field crew has already commenced logistical support for the Bear project, with the drill crew scheduled to be on-site within two weeks. Notably, the use of helicopter support for the program aims to expedite drill targeting while minimizing environmental impact on the ground. Baselode Energy has obtained all necessary permits to proceed with the program, ensuring compliance with regulatory requirements. In addition to the drill program, Sykes highlighted the completion of a low altitude, high-resolution airborne radiometric and magnetic survey on the Bear project in March. While final results are pending, the company expects to receive them prior to the commencement of the drill program, providing valuable insights for targeting and exploration planning. Sykes also provided updates on the Catharsis Project, where a total of 11 drill holes were completed for 2,837 meters, covering six different target areas. Encouraging signs of hydrothermal alteration and structures were identified in two additional target areas, indicating potential mineralization. Baselode Energy plans to release a detailed news release once all assay results have been received and interpreted. Furthermore, a low altitude, high-resolution airborne radiometric and magnetic survey was completed on the Catharsis Project in April, complementing the exploration efforts and providing additional geological data for analysis. Overall, Baselode Energy remains committed to advancing its exploration projects in the Athabasca Basin and leveraging innovative techniques to identify and delineate high-potential mineralization targets. Stay tuned for further updates as the company continues to progress its exploration initiatives and unlock the full potential of its projects. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

April 18, 2024 01:24 PM Eastern Daylight Time

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Nextech3D.ai upgrades platform with new offering of 3D Model-AI Photo Rendering Services

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to unveil an exciting new addition to the company's offerings: Digital Photography and dynamic product visuals as part of its 3D model solutions. This enhancement means that every 3D model created by Nextech3D.ai will now be accompanied by stunning 2K, 4K, or even 8K photos, catering to the needs of its ecommerce customers. Gappelberg explained to Proactive that this innovative AI tool is poised to drive significant revenue for the company. With each product listed for sale on an ecommerce platform requiring a minimum of six 2D photos, Nextech3D.ai is well-positioned to capitalize on the growing demand for high-resolution images while simultaneously enhancing the value proposition of its 3D modeling business. The company has already secured agreements with 10 existing customers for its digital photography offering, representing over 6000 high-quality digital photos. This offering will be available both as part of a comprehensive 3D model bundle and as a standalone product, catering to clients who already possess a 3D model and those seeking to tap into the ecommerce imagery market. Nextech3D.ai's analysis indicates that creating and rendering 3D models is more cost-effective than traditional product photography, particularly for items that are expensive to produce or challenging to photograph in real-life settings. With 3D models, products can be easily manipulated and rendered from various angles without the need for physical prototypes or multiple photoshoots, offering unparalleled flexibility and efficiency. As Nextech3D.ai continues to innovate and expand its suite of offerings, investors can anticipate further growth and market penetration in the burgeoning field of ecommerce visualization solutions. With its unique combination of cutting-edge technology and customer-centric approach, Nextech3D.ai is poised to revolutionize the way products are showcased and sold online. Stay tuned for more updates as the company continues to push the boundaries of ecommerce imaging technology. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

April 18, 2024 12:39 PM Eastern Daylight Time

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Vicinity Motors promotes Brent Phillips to President as company drives strategic initiatives

Vicinity Motor Corp.

Vicinity Motors President Brent Phillips joined Steve Darling from Proactive to discuss his recent appointment and his vision for the company's future. With over 30 years of experience in the commercial transportation field, including leadership roles in distribution and manufacturing, Phillips brings a wealth of expertise to his new position. Phillips's extensive background includes serving as General Manager at Alliance Bus Group, a prominent bus distributor, where he played a key role in driving operational excellence and sales growth. Prior to that, he served as Vice President of Sales, Commercial Bus Group at REV Group, overseeing multiple brands and distribution channels across two manufacturing facilities. In his new role as President of Vicinity Motors, Phillips will spearhead the sales, assembly, procurement, and engineering teams, while also providing clear direction for the company's sales and operations programs. His strategic focus will include bringing production of the Vicinity Lightning electric bus to Ferndale, WA, as well as enhancing the company's existing VMC 1200 Dealer network across Canada. One of Phillips's key initiatives will be to ensure that fleets have access to Canada's only purpose-built, fully-electric work truck through the VMC 1200 Dealer network. Additionally, he will focus on providing Dealers with the necessary support for vehicle sales and service, as well as launching a strategic network of VMC 1200 Dealers across the U.S. With Phillips at the helm, Vicinity Motors is poised for growth and expansion as it continues to innovate and lead in the electric vehicle market. His leadership and strategic vision will drive the company forward as it strives to deliver cutting-edge transportation solutions to customers across North America. Stay tuned for further updates as Vicinity Motors continues to make strides under Phillips's leadership. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 18, 2024 12:30 PM Eastern Daylight Time

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Downtown’s Neighbouring Rights division announces raft of cross-company signings, including Academy Award-nominated artist, ANOHNI

Downtown Music Holdings

Downtown Neighbouring Rights (DNR) has announced a wealth of new signings and cross-company partnerships across the division, including international deals with acclaimed singer-songwriter, ANOHNI, Position Music and TH3RD BRAIN Records. As part of the international neighbouring rights agreement announced today, DNR will represent ANOHNI’s entire catalog, including the acclaimed songwriter’s Academy Award-nominated song, ‘Manta Ray’, Mercury Prize-winning album, ‘I Am a Bird Now’ and her highly anticipated 2023 album, ‘My Back Was a Bridge for You to Cross’, voted Album of The Year 2023 by The New Yorker. British-born singer, songwriter and visual artist, ANOHNI has established a critically acclaimed career as both a solo artist and lead singer of the band ANOHNI and the Johnsons. The ensemble’s album, ‘I Am a Bird Now’ featured guest performances from heavyweights including Lou Reed, Boy George and Rufus Wainwright, and earnt the Mercury Prize for Album of the Year in 2005. ANOHNI has been a Downtown Music Publishing client since 2022, the news of her partnership with Downtown Neighbouring Rights comes shortly after the announcement of her first European tour with the Johnsons since 2010. Award-winning artist, ANOHNI comments, ‘Neighbouring Rights are an important and often unconsidered source of income for artists. I chose to partner with Downtown internationally to represent both my publishing and my neighbouring rights because I liked their roster, and I appreciated the warmth of their approach to me as an artist.’ Downtown continues to build a global, unified ecosystem for independent creators and music businesses to monetize, distribute, publish and market their music, with many clients opting into additional services across the group’s holistic suite. Downtown Neighbouring Rights has also entered into an international agreement with powerhouse publisher and label, Position Music, home to Welshly Arms, 2WEI, Ryan Oakes and more. Position Music are experts in licensing and synchronization, placing music across thousands of Advertising, Trailer, Film, TV, and Video Game projects and contributing to some of the most popular works of the past two decades. More recently, the company has focused efforts on building out its expanding label division, with Position Music ramping up frontline label activities and signing a raft of artists including Kyle Dion, Elohim, NoMBe, Kid Bloom, and others. US-based independent label, TH3RD BRAIN Records - home to artists like Emmit Fenn and Brazilian producer, Zerb whose single ‘Mwaki’ hit number one on Spotify’s Viral 50 Global and #2 on Global Shazam charts - is a client of both Downtown-owned, distributor FUGA and royalty accounting platform Curve. Downtown Neighbouring Rights today announces the label has also signed an international rights agreement with the company across its prolific catalog affirming Downtown’s strategy to add value to clients across its wide spectrum of services Dean Francis, General Manager of Downtown Neighbouring Rights comments, ‘Downtown Neighbouring Rights has had a great start to 2024 and continues to sign exceptional global talent that serve as a testament to our expertise and offering. We’re proud to represent acclaimed artists such as ANOHNI and collect on behalf of forward-thinking labels like Position Music and Th3rd Brain. This all forms part of the global ecosystem at Downtown which ensures artists and creators at all levels are supported and empowered through its multitude of services.’ About Downtown Music Holdings & Downtown Neighbouring Rights Downtown is the world's leading music services company with over 2 million clients from 145 countries representing a catalog of over 38 million music assets in a wide variety of genres and languages. Downtown's technology and service offerings support creators and businesses in all facets of the music industry including music creation, distribution, publishing, marketing, royalty collection, financing, accounting and payment services. Powered by FUGA’s end-to-end technology, Downtown Neighbouring Rights offers a bespoke, client-centric offering to a wide-range of artists and labels from in-house experts with more than thirty years of experience. Downtown Neighbouring Rights clients include Justin Bieber, One Republic, Jon Batiste, Sub Pop Records, Lindsey Buckingham and the Estate of Ella Fitzgerald, Miles Davis and Meat Loaf. Contact Details Kite Hill PR +1 856-313-5532 downtownmusic@kitehillpr.com Company Website https://www.downtownmusic.com/

April 18, 2024 10:00 AM Eastern Daylight Time

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