–News Direct– Magnetite Mines Ltd (ASX:MGT) CEO Tim Dobson talks Proactive through the companys activities for the quarter ending September 30, 2023. He says the strategic and JV partnering process is accelerating with strong incoming interest from high-profile domestic and international parties. Meanwhile, following the end of the period, the company launched a renounceable rights offer to raise up to $6.2 million. Magnetite Mines is focused on the development of magnetite iron ore resources in the highly prospective Braemar iron region of South Australia. The company has a 100% owned Mineral Resource of 6 billion tonnes of iron ore and is developing the Razorback Iron Ore Project, located 240km from Adelaide, to meet accelerating market demand for premium iron ore products created by iro...

–News Direct– Lithium Energy Ltd (ASX:LEL) chairman William Johnson speaks with Proactive after the company further solidified the position of its flagship Solaroz Lithium Brine Project in Argentina as a highly strategic lithium asset by delivering an upgraded 2.4 million tonnes of indicated lithium carbonate equivalent (LCE) resource based on drilling and extensive geophysics completed so far. This significant milestone achievement follows the companys publication of a 3.3-million-tonne total indicated and inferred mineral resource estimate (MRE) just four months earlier. Johnson said, "Following the release of the Maiden Resource estimate of 3.3 Mt of Inferred Resource of LCE in June 2023, continued drilling by the Company has now successfully resulted in the upgrade of 2.4 Mt of...

–News Direct– Element 25 Limited managing director Justin Brown joined Steve Darling from Proactive to share news the company has provided an update on the planned construction of the first North American commercial scale battery grade high purity manganese sulphate processing facility to produce key raw materials for electric vehicle battery manufacture in the US. Brown told Proactive the facility is targeting commissioning in 2025 to produce the first low-carbon, ethically sourced HPMSM in the US using the companys 100%-owned Butcherbird Manganese Project in Western Australia. The project is supported by key offake and funding agreements in place with General Motors and Stellantis which are contributing a combined $115 million in project funding through a combination of equity, pre-pay...

–News Direct– Medicus Pharma executive chairman and CEO Dr Raza Bokhari joined Steve Darling from Proactive fresh from ringing the opening bell at the Toronto Stock Exchange. This after the company recently listed its common shares on the TSX Venture exchange under the ticker MDCX. Medicus Pharma is dedicated to accelerating novel life sciences and biotechnology companies by advancing them through FDA-approved clinical trials. The company specializes in de-risking clinical-stage assets through clinical development and eventual commercialization. Medicus Pharma has a subsidiary called Skinject, which is focused on commercializing a novel, non-invasive treatment for basal cell and squamous cell skin cancer. Skinject employs a patented dissolvable microneedle patch to deliver a chemothera...

–News Direct– Carnavale Resources Ltd (ASX:CAV) CEO Humphrey Hale tells Proactive the company has established the potential for resource growth at the Kookynie Gold Project in Western Australia with further spectacular gold results of up to 184.9 g/t from the latest drilling campaign at the McTavish East Prospect. Reverse circulation (RC) drilling has extended and in-filled a significant high-grade plunging gold zone at the prospect. The companys RC and diamond drilling this year has defined the strong gold mineralisation to more than 700 metres along strike and 250 metres down dip, with mineralisation remaining open at depth. We are delighted to be expanding the high-grade gold zones identified by the previous RC drill program down dip and along strike with the current RC drilling, Hale s...

–News Direct– Flynn Gold Ltd (ASX:FG1) CEO Neil Marston tells Proactive the company has confirmed the significant potential for gold and the critical minerals cobalt, tungsten and copper at its 100%-owned Firetower Project in Tasmania in ongoing review and targeting work. The work, incorporating desktop studies and re-logging and re-sampling of historical diamond drill core, has confirmed coherent zones of high-grade polymetallic gold, cobalt, tungsten and copper mineralisation at the project. Marston said: Results from recent re-assaying of historical drill core demonstrate a strong correlation between cobalt, tungsten and gold mineralisation within the deposit. Earlier exploration was focused on gold, however, it is now clear that this project represents an exciting polymetallic opportu...

–News Direct– Marizyme Inc CEO David Barthel joined Steve Darling from Proactive to provide an exciting update on the remarkable progress that the company has achieved in recent months. Among the standout developments is the approval received from the US Food and Drug Administration for its groundbreaking product, DuraGraft. DuraGraft is a first-in-class vascular conduit solution that has received FDA clearance, marking a significant milestone for Marizyme. This innovative product is specifically indicated for use in adult patients undergoing Coronary Artery Bypass Grafting (CABG) surgeries. Its primary purpose is to facilitate the flushing and storage of saphenous vein grafts employed in CABG procedures, offering a cutting-edge solution to enhance patient outcomes in cardiac surgery. O...

–News Direct– BioHarvest Sciences CEO Ilan Sobel joined Steve Darling from Proactive to share some exciting developments. The company has achieved a major milestone by successfully closing the first tranche of its financing, raising nearly C$12 million, even in the face of challenging market conditions. This accomplishment underscores the significant investor confidence in BioHarvest's strategic vision and the strength of its management team. The capital raised through this financing round will play a pivotal role in advancing several key initiatives within BioHarvest Sciences. One of the notable areas of focus is new product development and expansion. BioHarvest has ambitious plans to expand its product range, moving from a single SKU to ten SKUs spanning five different categori...

–News Direct– Maritime Resources Corp CEO Garrett Macdonald joined Steve Darling from Proactive to share important developments regarding the company's project in Newfoundland and Labrador. Maritime Resources has acquired the Point Rousse assets, which include the Pine Cove processing plant, an in-pit tailings facility, access to a deep-water port, and over 54 km2 of highly prospective land in Newfoundland and Labrador. The acquisition of these assets is significant because it includes a fully permitted mill and tailings facility, reducing exposure to inflationary pressures on capital costs. The company plans to complete an updated feasibility study, with Pine Cove serving as the primary processing facility. The study will incorporate the Hammerdown, Orion, and Stoger Tight proj...

–News Direct– Global Lithium Resources Ltd (ASX:GL1) exploration manager Logan Barber tells Proactive the company has received further high-grade lithium results from its ongoing 50,000-metre drilling program at the companys Manna Lithium Project in Western Australia. To date, the company has completed over 25,000 metres of drilling at the project with the majority of the assays pending. Four reverse circulation rigs and one diamond drill rig are currently onsite performing resource expansion, infill and geotechnical drilling. Barber said: The significant 2023 Manna drilling program is progressing well while being executed safely by a great team. Initial results are very pleasing with the LCT pegmatite system still open in multiple directions and the infill results we have received to date...