• Oil refineries have a significant environmental impact due to the emission of atmospheric pollutants, the production of toxic waste and the intensive consumption of water and energy.
• Companies such as Vivakor play a crucial role in bridging environmental needs and industrial evolution.
• From an investor perspective, Vivakor offers both an environmental impact and growth potential.

In an era where environmental responsibility intersects with energy production, Vivakor (NASDAQ: VIVK) stands out as a vertically integrated energy infrastructure and environmental services company focused on the transportation, storage, reuse and remediation of oilfield fluids and waste. The company’s comprehensive approach ensures that oil extraction isn’t merely productive, it’s responsible.

The oil and gas industry has historically contributed significantly to greenhouse-gas emissions and environmental contamination. “Oil refineries are industrial facilities that have a significant environmental impact due to the emission of atmospheric pollutants, the production of toxic waste and the intensive consumption of water and energy,” reports Kunak (ibn.fm/BuHiF). “These complexes release harmful gases that affect air quality, leading to the degradation of ecosystems and climate changes. Additionally, soil and nearby water sources contamination due to spills and industrial discharges is another looming risk, threatening biodiversity and human health. Therefore, controlling industrial emissions is key to minimizing these negative effects.

“Oil extraction is a complex process that involves several operations based on advanced technologies,” the report continued. “This process generates greenhouse-gas emissions such as carbon dioxide (“CO2”) and methane (“CH4”). Refineries are the third-largest global emitter of GHGs. The oil industry’s primary environmental harm lies in gaseous emission, as it is responsible for 6% of global industrial net emissions.”

With the global produced water treatment market projected to reach $12.2 billion by 2028, up from $8.6 billion in 2023 (ibn.fm/8k5ER), companies such as Vivakor play a crucial role in bridging environmental need and industrial evolution. Vivakor’s business model meets today’s demand for sustainability on multiple fronts. By integrating logistics and remediation, it delivers end-to-end solutions that align with tightening regulations and growing expectations for corporate environmental accountability (ibn.fm/J4kAs). Instead of treating waste as a byproduct, Vivakor transforms it into an asset, reprocessing fluids and soil to extract value and reduce ecological harm. This approach reduces liability, lowers environmental risk and creates new revenue streams.

In the fourth quarter of 2024, Vivakor’s revenue surged 201% year-over-year to $41.7 million, propelling its annual run rate near $160 million (ibn.fm/VVwne). This dramatic growth came on the heels of completing additional gathering lines for its Omega Pipeline System in Oklahoma and acquiring Endeavor Entities, moves that solidified its position in logistics and environmental services. With more than 300,000 barrels per month moving through its gathering assets, a trucking fleet exceeding 165 crude oil and 105 water-hauling units, and the only Kuwait Oil Company-approved recycling processing center capable of reducing oil concentration in soil to below 0.5%, Vivakor is setting new operational standards.

From an investor perspective, Vivakor offers both an environmental impact and growth potential. The global oilfield services market was valued at $268.1 billion in 2022 and is projected to grow to $346.45 billion by 2032 at a CAGR of 2.6%, while water treatment — a vital and expanding segment — represents an immediate multibillion dollar opportunity. Vivakor’s vertical integration, long-term contracts and expanding asset base provide recurring revenues and downside protection.

“Investing in clean technologies not only benefits the environment but also enhances operational efficiency and cost effectiveness,” says management, reflecting the company’s dual mandate. Thanks to a series of strategic acquisitions, including Silver Fuels Delhi and White Claw Colorado in 2023, Vivakor has bolstered its midstream footprint across prime U.S. energy basins. 

Vivakor CEO James Ballengee describes 2024 as “transformative,” highlighting integration of logistics, gathering, storage, and sustainable services into a single infrastructure platform. “Thanks to the support of our shareholders, lenders, business partners, operating and management teams and board of directors, Vivakor had a highly successful 2024, expanding our business organically and through acquisitions,” he said. “The Vivakor team has been, and continues to, work tirelessly to fully integrate and improve efficiencies from the business combination with those entities, and I couldn’t be more pleased with the results.”

For investors seeking exposure to energy with an environmental twist, Vivakor offers a compelling blend. Its financial performance — marked by triple-digit revenue growth — and its strategic positioning in an environmentally conscious sector are rare among oilfield services providers. As sustainability becomes a focus for regulators, consumers and corporate buyers, vertically integrated companies that marry environmental remediation with logistics will be increasingly attractive to capital markets.

Vivakor’s commitment to sustainable growth, combined with its clear-cut operational metrics and market opportunity, suggests it is one of those rare opportunities that are both mission driven and market smart. Investors aligned with Environmental, Social, and Governance (“ESG”) principles and seeking growth in the energy transition space may find Vivakor a rare bridge between tradition and transformation. 

For more information, visit the company’s website at https://vivakor.com.

NOTE TO INVESTORS: The latest news and updates relating to VIVK are available in the company’s newsroom at https://ibn.fm/VIVK

• SolarBank Corporation joins a group of 61 public companies adopting bitcoin treasury strategies.
• The company expects to bridge growing investor interest in crypto with the stability of renewable energy.
• SolarBank has applied to open an account with Coinbase Prime for custody and related services.
• CEO Richard Lu says the strategy helps attract a new class of tech-savvy investors.

Disseminated on behalf of SolarBank Corporation

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., announced this month it will begin holding bitcoin as part of its treasury reserves. The strategy marks SolarBank as one of the early adopters of what is becoming an increasingly common approach among publicly traded firms looking to diversify assets and attract new investors.

The concept of a bitcoin treasury strategy involves companies allocating a portion of their cash or reserves into the cryptocurrency. While it remains a relatively niche approach, a report by Reuters notes that 61 publicly listed companies not primarily focused on digital assets have now adopted such strategies (https://ibn.fm/erCis).

Many of these firms were influenced by the gains of Strategy (formerly MicroStrategy), which began accumulating bitcoin in 2020 and now holds more than $63 billion of the asset.

According to Standard Chartered, the number of companies adopting this strategy have doubled their bitcoin holdings over the past two months, now holding just under 100,000 coins collectively. Firms like Trump Media & Technology Group, which raised $2.5 billion recently, are part of this trend. A separate joint venture involving SoftBank, Tether, and Cantor Fitzgerald is also seeking to acquire bitcoin on a large scale.

SolarBank has disclosed that it intends to use the net cashflow from its Geddes Project to purchase bitcoin. The Geddes Project is expected to be operational by the end of June 2025. The company has not yet purchased any bitcoin. However, CEO Richard Lu framed the decision as a strategic blend of traditional energy business with contemporary digital asset exposure.

“Traditionally, people invest in utilities as [an] afterthought. It’s a very low return. It’s a stable return,” Lu told Reuters. “So, how do we bridge the excitement of the new world and a classic industry? We feel that the crypto part of that is a bridge we need to cross.”

SolarBank says the decision is designed to align the company with emerging digital asset infrastructure while differentiating its utility-focused profile from competitors. The company has filed to open an account with Coinbase Prime (NASDAQ: COIN) to securely custody bitcoin and manage its digital assets.

The company cited several intended benefits for the strategy. These include financial resilience against inflation, potential access to institutional capital, and the ability to offset bitcoin-related energy use with its clean energy generation portfolio.

By integrating bitcoin into its treasury, SolarBank is also targeting a new base of investors interested in blockchain, digital finance, and decentralized technologies. The company emphasized that its clean energy operations may offer a unique positioning in the current crypto landscape, where environmental concerns around mining remain prominent.

For more information, visit the company’s website at SolarBankCorp.com.

There are several risks associated with the development of the projects detailed in this report. The development of any project is subject to the continued availability of third-party financing arrangements for the project owners and the risks associated with the construction of a solar power project. There is no certainty the projects disclosed in this report will be completed on schedule or that they will operate in accordance with their design capacity.

This report contains forward looking information. Please refer to the press release entitled “Bitcoin Purchases to be made by SolarBank Using Net Cash from Geddes Solar Power Project” for additional details on the statements, risks and assumptions.

NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN

• Psoriasis affects approximately 3% of the adult population in the United States, translating to more than 7.5 million individuals.
• By using visible light, Soligenix’s SGX302 aims to mitigate risks while effectively reducing inflammation and promoting skin healing.
• A phase 2a study demonstrated that SGX302 was well tolerated, with no significant adverse events reported.

Psoriasis is more than just a skin condition — it’s a lifelong autoimmune disorder that disrupts daily life with painful, inflamed patches and an emotional toll that can be just as severe as the physical symptoms. Soligenix (NASDAQ: SNGX) is at the forefront of developing innovative therapies for this condition, notably SGX302 (synthetic hypericin), a novel treatment currently undergoing Phase 2a clinical trials aimed at addressing mild to moderate psoriasis.

Psoriasis affects approximately 3% of the adult population aged 20 years or older in the United States, translating to more than 7.5 million individuals. Notably, around 600,000 adults in the United States live with undiagnosed psoriasis. The prevalence is similar between males (2.8%) and females (3.2%). Globally, the condition impacts about 125 million people, or 2–3% of the world’s population (https://ibn.fm/GAK4y).

Psoriasis is not merely a skin disorder; it is associated with several comorbidities, including psoriatic arthritis, cardiovascular disease and depression. Approximately 30% of individuals with psoriasis develop psoriatic arthritis, a condition that causes joint pain and stiffness. The economic burden of psoriasis in the United States is substantial, with direct and indirect costs estimated to be between $112 billion and $135 billion annually (https://ibn.fm/UKxIo).

Current treatment options for psoriasis include topical therapies, phototherapy, and systemic medications such as biologics. While these treatments can be effective, they often come with limitations, including side effects, high costs, and the need for long-term administration. Many patients with mild to moderate psoriasis are seeking alternatives that are both effective and have a favorable safety profile.

Soligenix’s SGX302 represents a promising advancement in this context (https://ibn.fm/emX4P). Utilizing synthetic hypericin, SGX302, or HyBryte(TM), is a novel, first-in-class, photodynamic therapy using safe, visible light that targets and treats psoriatic lesions. This approach is distinct from traditional phototherapy, which often relies on ultraviolet (“UV”) light, potentially leading to long-term skin damage. By using visible light, SGX302 aims to mitigate these risks while effectively reducing inflammation and promoting skin healing.

Soligenix has released top-line interim results from its phase 2a clinical trial evaluating SGX302 in patients with mild to moderate psoriasis (https://ibn.fm/ZQTzZ). The study demonstrated that SGX302 was well tolerated, with no significant adverse events reported. In interim results, 50% of patients receiving SGX302 were considered “Almost Clear” in the Psoriasis Area and Severity Index (“PASI”) scores compared to baseline, indicating a reduction in both the extent and severity of psoriatic lesions. These findings suggest that SGX302 has the potential to offer a safe and effective treatment option for individuals with mild to moderate psoriasis.

Soligenix continues to build on its broader mission of delivering therapeutic solutions for difficult-to-treat conditions, with SGX302 marking a noteworthy advancement in its pipeline. By focusing on non-immunosuppressive strategies for managing psoriasis, the company is working to fill a critical gap for patients seeking alternatives to current therapies, many of which come with significant long-term risks or limited efficacy.

As the phase 2a trial moves forward, SGX302’s progress remains closely watched by researchers and clinicians alike. Its novel mechanism and promising early results signal a potential shift in how mild to moderate psoriasis is treated, highlighting Soligenix’s role in reshaping the future of dermatologic care through innovation and precision-targeted drug development.

For more information, visit www.Soligenix.com.

NOTE TO INVESTORS: The latest news and updates relating to SNGX are available in the company’s newsroom at https://ibn.fm/SNGX

• The platinum market recorded a deficit of approximately 992,000 ounces in 2024 and is forecast to remain in substantial undersupply through 2025.
• This tightening supply-demand balance has prompted a sharp rally in platinum prices.
• Platinum Group Metals Ltd. is working to address a portion of the world’s platinum need.

The platinum market is entering its third straight year of major structural supply deficits—a situation that is adding both pressure and opportunity for players such as Platinum Group Metals (NYSE American: PLG) (TSX: PTM), a development-stage mining company focused on its flagship Waterberg project in South Africa to help unlock new platinum supply while exploring innovative industrial applications for platinum and palladium.

According to the World Platinum Investment Council, the platinum market recorded a deficit of approximately 992,000 ounces in 2024 and is forecast to remain in substantial undersupply through 2025, with deficits estimated at 966,000 ounces for this year (https://ibn.fm/VOZDI). These supply gaps are driven by sharply constrained mine output—forecast to decline by up to 6% this year—and weak recycling rates, which have failed to keep pace with demand. With inventories dwindling fast, it’s clear the market is approaching a critical tipping point.

Adding further strain, global demand remains resilient. While auto demand may soften as EV adoption accelerates, the slower-than-expected EV transition has bolstered continued platinum use in internal combustion and hybrid vehicle catalytic converters. Jewelry demand is also on the rise, especially as consumers, particularly in China, pivot to platinum as a cheaper alternative to gold.

Furthermore, a Sprott special report noted that “perhaps the most striking development is the 300% surge in investment demand highlighted by WPIC, driven by strong Chinese bar and coin demand and a doubling of speculative net long positions. Investment demand is forecast at 688,000 ounces in 2025, marking the third consecutive year of net positive investment. This shift reflects growing investor recognition of platinum’s undervaluation, especially as prices break a 15-year downtrend and speculative interest pivots from short to long positions.”

This tightening supply-demand balance has prompted a sharp rally in platinum prices. Metals analysts report platinum recently surged over 10% in June alone, reaching four-year highs above $1,200 per ounce (https://ibn.fm/BaiIj). Market commentary highlights that the persistent deficits and declining above-ground inventories are laying the groundwork for prolonged price strength.

Platinum Group Metals is working to address a portion of the world’s platinum need. The company’s Waterberg project, on the Northern Limb of South Africa’s Bushveld Complex — the planet’s prime platinum reserve — is being advanced toward development and construction (https://ibn.fm/Cwoq8). The September 2024 Waterberg DFS update (https://ibn.fm/4iMo9) shows Waterberg is being designed as a fully mechanized, underground mine targeting platinum as well as other key metals, including palladium, rhodium and gold, (“4E” or “PGM”) with copper and nickel byproducts.

The October 2024 DFS update emphasized Waterberg’s potential to become one of the lowest-cost, largest underground PGM operations globally, leveraging shallow, decline-access and mechanized mining. Through these efficiencies, the project could deliver much-needed new platinum supply at a time when market demand for the metal is strong.

“The 2024 DFS validates the world-class nature of the Waterberg Project,” said Frank R. Hallam, PLG president and CEO. “Engineering teams from Stantec, DRA and Fraser McGill have collaborated to achieve an optimized and de-risked mine plan while also minimizing capital requirements. The primary objectives of the 2024 DFS were to update and minimize capital and operating costs, and to simplify the construction, ramp up and operating profile of the Waterberg Mine. I believe these objectives have been achieved.”

“We look forward to advancing the Waterberg Project for the benefit of our partners and local communities, as well as all the people of South Africa,” Hallam continued. “The Waterberg Project is planned to create approximately 2,000 jobs during construction and approximately 1,425 mostly high-skilled jobs once steady state mining is achieved. PGMs, copper and nickel play key roles in automotive emissions control and energy transition technologies, including that found in battery electric, plug-in hybrid, gasoline hybrid and hydrogen fuel cell vehicles. The Waterberg Project is a long-life asset capable of profitably producing these critical metals.”

Platinum Group Metals is positioning itself at the confluence of a rapidly tightening platinum market and technological innovation. With global deficits reaching up to a million ounces, supply tightening through declining mined supply and weak recycling, and growing industrial, automotive, jewelry, and investment demand keeping prices buoyant, the company’s Waterberg project represents a timely source of new material. Success in bringing Waterberg into production could allow Platinum Group Metals to not only help ease market shortages but also capitalize on a rising price environment.

For more information, visit www.PlatinumGroupMetals.net.

NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG

• Solowin Holdings offers diversified exposure to both traditional financial services and next-generation digital assets.
• The company leverages regulatory licenses in Hong Kong to serve global high-net-worth and institutional investors.
• Solowin delivers brokerage, investment banking, asset management, and Web3 services across its Solomon Win and Solomon VA+ platforms, offering clients seamless access to both traditional and digital financial solutions.
• Strategic investments, such as its $10M contribution to AlloyX, an Asia-based stablecoin infrastructure firm, highlight Solowin’s proactive role in fintech innovation.
• Led by seasoned executives with decades of capital markets experience, the company is positioned for sustained global expansion.

Solowin (NASDAQ: SWIN) is a versatile financial services provider focused on delivering comprehensive investment solutions from traditional finance as well as decentralized finance to high-net-worth and institutional clients. Operating through its wholly owned subsidiary, Solomon JFZ (Asia) Holdings Limited, Solowin is licensed by the Hong Kong Securities and Futures Commission and offers access to a full suite of financial services through its secure, one-stop electronic platform, Solomon Win.

Driven by a vision to create a modernized financial services infrastructure, especially to bridging traditional finance and the Web3 technology, Solowin has prioritized innovation, agility, and client-first experiences. The firm has experienced robust growth, aligning itself with evolving capital markets and emerging technologies. Its investment strategy is designed to enable seamless access to capital markets and diversified investment opportunities through cutting-edge financial technology.

Solowin is committed to building a global brand rooted in client success, regulatory compliance, and operational excellence. Its mission is to empower clients with flexible, integrated tools to grow and protect wealth in an increasingly complex financial landscape.

Portfolio

Solowin’s operations span five core verticals: securities brokerage, investment banking, asset management, virtual assets, and wealth management. Through its Solomon Win platform, the company provides individual and institutional clients with seamless access to financial markets around the world.

In investment banking, Solowin offers strategic advisory and capital formation services including IPO/SPAC listings, follow-on offerings, private placements, and debt financing. Its team assists issuers in aligning their business objectives with optimized listing strategies and investor targeting. Solowin also supports clients through financial advisory services such as mergers and acquisitions, business restructuring, and capital strategy development, alongside risk management and tax compliance services.

In wealth and asset management, Solowin delivers personalized financial planning via its securities brokerage and integrated investment solutions. Clients can access both in-house funds and top-tier international funds through the Solomon VA+ App, which also supports managed account services. On the frontier of fintech, Solowin offers Web3-based solutions such as virtual asset ETFs, cryptocurrencies, security token offerings, and tokenized real-world assets—positioning itself as a key player in the evolving digital finance space.

Market Opportunity

Solowin operates at the intersection of traditional finance and Web3 innovation, targeting a rapidly expanding global wealth management and fintech market. According to a report by Boston Consulting Group, global assets under management are projected to reach $147.4 trillion by 2027, up from $111.2 trillion in 2021, driven by increased demand for personalized and tech-enabled financial services. Additionally, the virtual asset market is poised for significant growth, with Boston Consulting Group forecasting that the tokenization of global illiquid assets could reach $16 trillion by 2030.

Hong Kong’s progressive stance on virtual assets has also positioned it as a regional hub for digital finance. Regulatory support from the Securities and Futures Commission has opened the door for regulated crypto trading platforms and tokenized asset solutions, which aligns with Solowin’s digital-first approach.

As wealth migrates toward hybrid portfolios combining traditional and virtual assets, Solowin is uniquely positioned to capitalize on both sectors.

Leadership Team

Peter Lok, Chief Executive Officer, an accomplished finance professional with extensive expertise in fund management, capital markets, and fundraising. His strategic insights in finance and capital allocation have been instrumental in driving capital growth.

Lily Liu, Chief Financial Officer, has more than a decade of experience in corporate finance, investment banking, and financial services. Her background includes IPOs, mergers and acquisitions, and private placements in both Hong Kong and U.S. capital markets, with a strong focus on risk management.

Ben Cheng, Chief Operating Officer, has 15+ years of operational expertise in securities brokerage and asset management. His specialties include regulatory compliance and Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) oversight.

For more information, visit the company’s website at https://solowin.io.

NOTE TO INVESTORS: The latest news and updates relating to SWIN are available in the company’s newsroom at https://ibn.fm/SWIN

• Women make up roughly 28% of on-course golfers in the United States, a historic high.
• The global golf equipment market is booming, generating an estimated $25.5 billion in 2024 and projected to grow at nearly 6% annually.
• Newton Golf’s lighter shaft is engineered to weigh less than previous versions while maintaining precision, stability and distance.

A surge in women’s golf participation is reshaping the industry, drawing fresh energy and opportunity to equipment manufacturers. Newton Golf Company (NASDAQ: NWTG) recently released the perfect piece of equipment for this dynamic market — a lighter shaft option, designed to deliver premium performance for golfers of all levels, from weekend enthusiasts to tour professionals, who are widely adopting the new shaft in competition.

Women now make up roughly 28% of on-course golfers in the United States, a historic high, with female participation climbing 41% since 2019 to reach 7.9 million players in 2024 (https://ibn.fm/d1HkS). Notably, younger women are entering the sport in record numbers through recreational and social formats such as high-tech driving ranges and simulator venues, which are removing historical barriers and making golf more accessible and inclusive (https://ibn.fm/dAPel).

This demographic shift has created a powerful marketplace. Women’s golf equipment and apparel purchases reached $1.53 billion in the United States in 2021, underscoring the purchasing influence of female golfers (https://ibn.fm/FzNMx). In addition, the global golf equipment market is on track to expand from $29.03 billion in 2024 to $30.41 billion in 2025, growing at a 4.8% compound annual growth rate (“CAGR”) (https://ibn.fm/Wgvsx). These trends highlight the critical role that women have in the space, not only as players but as a driving force in golf’s commercial growth.

Newton Golf’s introduction of its lighter shaft further aligns with shifting market dynamics. The new option is engineered to weigh less than previous versions while maintaining precision, stability and distance (https://ibn.fm/4qUhj) — qualities valued by golfers across all demographics. With growing participation from women, juniors and recreational players seeking both performance and comfort, the new shaft offers an adaptable solution suited to evolving needs, without being marketed toward a single group. It’s designed for any golfer looking for enhanced swing speed and control through weight reduction and refined balance.

Newton Golf has built its reputation on innovation, focusing on advanced shaft technologies that address fundamental aspects of the golf swing. The company’s Missouri-based manufacturing hub ensures U.S.-based quality and responsiveness to market trends. The new lighter shaft was introduced to support golfers’ desire for equipment that facilitates improved biomechanics and enhanced playability, especially for those experiencing slower swing speeds or seeking greater consistency.

While Newton Golf remains popular among the amateur circuit, the company has also secured endorsement from touring professionals, signaling that its technology can meet elite standards (https://ibn.fm/l2FGm). As women’s golf continues to gain prominence with increased media coverage, investment and female-driven grassroots programs, providing high-performance equipment options across skill levels is becoming increasingly important.

As women continue to drive golf’s growth and redefine its culture and commerce, having manufacturers such as Newton Golf focus on thoughtful gear advancement is key. The new lighter shaft represents not only technological progress but also an industry adapting to the sport’s new face — and all the golfers who comprise it.

For more information, visit www.NewtonGolfCo.com.

NOTE TO INVESTORS: The latest news and updates relating to NWTG are available in the company’s newsroom at https://ibn.fm/NWTG

• Behçet’s disease is more prevalent in countries along the Silk Road, including Türkiye, Iran and Japan.
• Even with treatment, symptoms can continue occurring for many patients and significantly affect their quality of life and productivity.
• Soligenix has initiated a clinical trial to evaluate the safety, tolerability and preliminary efficacy of SGX945 in patients suffering from oral ulcers.

Behçet’s disease is a rare, chronic autoimmune disorder characterized by inflammation of blood vessels, leading to a range of symptoms including painful mouth and genital ulcers, eye inflammation and skin lesions. With limited treatment options available, Soligenix (NASDAQ: SNGX) is at the forefront of developing innovative therapies, notably SGX945 (dusquetide), aiming to address the unmet need in this challenging disease landscape (https://ibn.fm/KByRu).

Behçet’s disease is rare, with prevalence estimates varying from 0.12 to 7.5 per 100,000 in the United States and Europe. It’s more prevalent in countries along the Silk Road, including Türkiye, Iran, and Japan. In Türkiye, prevalence can range from 80 to 370 per 100,000. Symptoms of the disease include mouth sores, eye irritation and swelling, skin rashes and sores, and genital sores (https://ibn.fm/Hxv0M).

Behçet’s disease is believed to be an autoimmune illness with both genetic and environmental components. Symptoms are most severe in young adulthood and generally ameliorate with age. While the aphthous ulcers of Behçet’s disease are extremely painful, they are not usually associated with long-term damage, although scarring is a prevalent concern. More rarely, Behçet’s disease can affect other organ systems, such as the eyes, lungs, and brain, and may even become life threatening. 

Treatment involves medications designed to ease symptoms and prevent serious complications, such as blindness. Even with treatment, oral and genital flares can continue to occur for many patients and significantly affect quality of life and productivity. In addition, treatments can be associated with adverse effects, underscoring the need for more targeted and effective therapies.

Soligenix is addressing this therapeutic gap through the development of SGX945, an investigational drug designed to modulate the body’s innate immune response. SGX945 is a synthetic peptide that enhances the resolution of inflammation and promotes tissue healing without suppressing the immune system. Preclinical studies have demonstrated its potential in reducing inflammation and accelerating healing in various models.

Soligenix has initiated a phase 2a clinical trial to evaluate the safety, tolerability and preliminary efficacy of SGX945 in patients with Behçet’s disease suffering from oral ulcers (https://ibn.fm/krror). This small, open-label, proof-of-concept study is enrolling patients at a single center in Türkiye. The efficacy endpoint focuses on the reduction in the number and duration of oral ulcers, while secondary efficacy endpoints include assessments of pain reduction and overall disease activity. The trial’s design reflects a comprehensive approach to understanding SGX945’s therapeutic potential in this patient population.

Soligenix’s commitment to advancing SGX945 aligns with its broader mission to develop and commercialize products that address unmet medical needs in rare diseases. The company’s pipeline includes a range of product candidates targeting inflammatory conditions and biodefense indications. SGX945’s development represents a significant step toward providing a novel, non-immunosuppressive treatment option for patients with Behçet’s disease, potentially improving quality of life and disease management.

As the phase 2a trial progresses, the medical community remains attentive to the outcomes, which could herald a new era in the treatment of Behçet’s disease. Soligenix’s innovative approach exemplifies the potential of targeted therapies in addressing complex autoimmune conditions, offering hope to patients and clinicians seeking more effective and safer treatment alternatives.

For more information, visit www.Soligenix.com.

NOTE TO INVESTORS: The latest news and updates relating to SNGX are available in the company’s newsroom at https://ibn.fm/SNGX

• LaFleur Minerals’ fully permitted Beacon Gold Mill, acquired in 2024 and refurbished by its previous owner, offers a low-cost path to production with an estimated restart budget of C$5-6 million.
• The Swanson Gold Project’s 2024 mineral resource estimate of 123,400 oz indicated and 64,500 oz inferred, alongside a 5,000-meter drilling program, supports the company’s goal of growing the resource toward 1 million ounces.
• Consolidation of 15,290 hectares, including acquisitions from Monarch Mining, Abcourt Mines, and Globex Mining, has positioned LaFleur as a formidable exploration company in the Abitibi Gold Belt.
• LaFleur’s hub-and-spoke development model, centered on its Beacon Mill, supports custom milling opportunities and enhances value from regional partnerships.
• A highly experienced leadership team with over 100 years of combined expertise across mining, finance, and capital markets underpins the company’s transition from exploration to production.

LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) is a Canadian exploration and development company advancing the district-scale Swanson Gold Project in Québec’s prolific Abitibi Gold Belt and progressing toward the near-term restart of gold production at its wholly owned Beacon Gold Mill. The company’s strategy centers on consolidating strategic land packages—highlighted by its flagship Swanson Gold Project, a 160 km² district-scale property that includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. The company is leveraging its 100%-owned, fully permitted and recently refurbished Beacon Gold Mill to transition from explorer to near-term gold producer—a key inflection point that typically triggers a market re-rating, further bolstered by current rising gold market prices. By processing material from Swanson and offering custom milling to regional projects, LaFleur aims to generate cash flow with minimal capital outlay, targeting annual gold production of up to 15,000 to 20,000 ounces by early 2026.

LaFleur’s vision is to evolve into an intermediate gold producer by capitalizing on strong market conditions and Québec’s rich mining infrastructure. The location, in the world-class Abitibi Gold Belt, and its infrastructure advantage, positions LaFleur for regional consolidation, strategic partnerships, or acquisition interest. Its mission emphasizes efficient value creation through methodical exploration, low-cost asset advancement, and opportunistic acquisitions—including land and deposits from Monarch Mining, Abcourt Mines, and Globex Mining.

Québec ranks among the world’s top mining jurisdictions, offering access to flow-through capital and regulatory stability. LaFleur’s integrated strategy—combining exploration at Swanson, a permitted mill at Beacon, and potential custom milling agreements—supports a streamlined path to near-term production.

LaFleur Minerals is headquartered in Vancouver, British Columbia.

Projects

LaFleur Minerals’ operations focus on two strategically located assets in the Abitibi Gold Belt: the Swanson Gold Project and the Beacon Gold Mill and Mine. These projects leverage the region’s world-class mining infrastructure and high-grade gold potential to drive the company’s transition to production.

Swanson Gold Project

The Swanson Gold Project spans 16,600 hectares and hosts the Swanson, Bartec, and Jolin gold deposits along a major structural break in the Abitibi Gold Belt. The 2024 Mineral Resource Estimate for the Swanson deposit outlines 123,400 oz of gold in Indicated category (2.1 million tonnes at 1.8 g/t) and 64,500 oz in Inferred category (872,000 tonnes at 2.3 g/t). Located 66 km north of Val-d’Or, the Project is accessible by road and rail and benefits from more than 36,000 meters of historical drilling, along with existing infrastructure including an 80-meter decline portal.

Recent work—including airborne magnetics, soil sampling, and Induced Polarization surveys—has identified multiple high-priority targets and resulted in several high-grade gold assay results, including a grab sample grading 11.71 g/t Au at Jolin, which points to significant upside as the Company prepares to test multiple new zones.

LaFleur has defined over 50 drill targets at Swanson and nearby prospects (Bartec, Jolin, Marimac) and is completing a minimum 5,000-metre diamond drilling beginning in June 2025. LaFleur Minerals has also initiated permitting for a 100,000-tonne surface bulk sample averaging 1.89 g/t Au, which it plans to process at the Beacon Gold Mill as part of a near-term production strategy.

Beacon Gold Mill

LaFleur’s 100%-owned Beacon Gold Mill is a fully refurbished and permitted mill and tailings storage facility capable of processing 750 tonnes per day (“tpd”), with potential expansion to 1,800 tpd, with access to numerous nearby gold deposits that could be prime sources of ore. Located only 60 km from Swanson, it underwent a $20 million upgrade by Monarch Mining in 2022 and has been under care and maintenance since early 2023. LaFleur is finalizing a C$5-6 million restart plan, ramping up production by late 2025 into early 2026, processing Swanson mineralized material and assessing custom milling opportunities for regional deposits, creating multiple potential revenue streams.

The Beacon Gold Mill is a de-risked, proven asset that benefits from existing infrastructure, including access to roads, power, and skilled labor, and further enhances the overall value proposition of LaFleur by providing a clear path to production and potential revenue-generation.

Market Opportunity

LaFleur Minerals is targeting the gold mining and processing market in Québec’s Abitibi Gold Belt, one of the world’s most productive gold regions. Its fully permitted Beacon Gold Mill, with a 750 tpd capacity and authorization to process 1.8 million tonnes of tailings, is strategically positioned to handle material from LaFleur’s Swanson Gold Project and to offer custom milling for nearby deposits such as Granada Gold. The company projects annual production of over 30,000 ounces of gold once in full production, with potential for significant revenue generation based on prevailing market prices.

Global demand for gold remains robust, driven by geopolitical risk, inflation hedging, and central bank accumulation. The World Gold Council forecasts 3-5% annual demand growth through 2030, with average prices expected between $3,200 and $3,500/oz. Within this environment, Québec’s top-tier mining jurisdiction—ranked fifth globally by the Fraser Institute in 2023—offers streamlined permitting and access to flow-through capital. LaFleur’s low-cost Beacon restart (C$5-6 million) and proximity to more than 100 active and historical mines position the company to fill a growing need for small-to-medium scale custom milling.

At Swanson, LaFleur plans to grow its current 187,900-ounce resource toward 1 million ounces through its 2025 drilling program. This hub-and-spoke strategy, leveraging centralized milling and strong local infrastructure, reduces development risk and strengthens LaFleur’s foothold in one of the most attractive gold belts in the world.

Leadership Team

Kal Malhi, Chairman, is a successful entrepreneur and the Founder of Bullrun Capital Inc., where he has raised over $300 million for early-stage companies across the mining, oil and gas, biomedical, agriculture, and technology sectors. He specializes in advancing academic research into commercial ventures and public listings, with more than two decades of capital markets and leadership experience.

Paul Ténière, M.Sc., P.Geo., Chief Executive Officer, is a seasoned mining executive and Professional Geologist with over 25 years of global experience in the development of precious and base metals, critical minerals, and metallurgical coal projects. Mr. Ténière is an expert in NI 43-101 and S-K 1300 disclosure standards and has held senior roles including President & CEO, SVP Exploration, and Director with several publicly traded mining companies. Mr. Ténière also worked at the Toronto Stock Exchange (“TSX”) and TSX Venture Exchange as a mining expert and Senior Listings Manager listing dozens of mining companies and ensuring listed issuers met their corporate governance and compliance and disclosure requirements.

Harry Nijjar, Chief Financial Officer and Corporate Secretary, serves as Managing Director at Malaspina Consultants Inc., providing CFO and strategic financial advisory services to companies across multiple industries. He holds a CPA CMA designation from the Chartered Professional Accountants of British Columbia and a Bachelor of Commerce from the University of British Columbia.

Louis Martin, P.Geo., Technical Advisor and Exploration Manager, is a veteran geologist with more than 40 years of exploration experience. He has played key roles in significant gold and base metal discoveries, including the Louvicourt (1989) and West Ansil (2005) deposits—both recognized by the Association de l’Exploration Minière du Québec (“AEMQ”). He previously served as VP Exploration at Clifton Star Resources, where he led the pre-feasibility study for the 4.5 million-ounce Duparquet Gold Project. He is a registered geologist in Québec and Ontario.

Tara Asfour, Corporate Communications, Investor Relations and Strategy, is an experienced executive consultant with over 12 years of management, investor relations, communications and marketing experience, specialized in capital markets. In her previous positions, Ms. Asfour has led over US$550 million worth of fundraising and strategic development initiatives. Ms. Asfour holds a Master’s degree in Business Management, a Financial Markets Certificate from Yale University, and a Certificate in Alternative Investments from HBS. Previous positions include investor relations executive at Red Pine Exploration, Fancamp Exploration, Communications Director at Dominion Water Reserves (now Prime Drink Group Corp) and advisor to various other publicly listed firms in the resource and technology sectors. Ms. Asfour holds the Institute for Governance (“IGOPP”) Certification in Governance, Ethics in Business Environment and Corruption Prevention.

Peter Espig, Strategic Advisor and Consultant, has served as Vice-President at Goldman Sachs Japan in both the Principal Finance and Securitization Group and the Asia Special Situations Group, where his team participated in more than $10 billion in structured deals, capital raises, and cross-border transactions. Prior to Goldman Sachs, he was Vice-President at Olympus Capital, a New York-based private equity firm, where he focused on corporate restructurings, investment analysis, and international financing negotiations. He also played a pioneering role in some of the earliest SPAC transactions, totaling over US$1.2 billion, and brings deep experience in disciplined capital deployment and turnaround execution. Since 2013, Mr. Espig has served as President and CEO of Nicola Mining Inc. and is a board member of ESGold Corp and First Lithium Minerals. Mr. Espig holds a Bachelor of Arts from the University of British Columbia and an MBA from Columbia Business School, where he was a Chazen International Scholar. He has served on various public boards and was recognized among Industry Era’s “Top 10 Admired Leaders” in 2023.

Jean Lafleur, Senior Technical Advisor, is a Professional Geologist (Québec) with 45 years of experience in Canada and internationally including USA, Mexico, Latin America, Ireland, Spain and Africa. Earlier in his career he worked with Newmont, Falconbridge, Dome Mines, and Placer Dome and has been a C-suite executive for a number of junior exploration companies. Jean has remained active as a technical, management, and financing consultant with junior explorers since the early 2000’s through his own geological consultancy firm and throughout his career has led a number of teams in the discovery of precious and base metals, nickel, PGE’s, uranium, and iron deposits. Jean’s expertise includes mining company and project evaluations, audits, technical reporting, exploration program planning and execution, and research and development with a strong focus on Québec. Jean currently acts as a Senior Consultant, North America for Appian Capital Advisory LLP, a mining-focused private equity firm based in London, UK where through his extensive professional network he sources and presents potential mining transactions in North America to the Appian team for investment opportunities.

For more information, visit the company’s website at LaFleurMinerals.com.

NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF

• Platinum prices have recently reached their highest levels in more than two years.
• Palladium has also seen renewed interest as industrial demand stabilizes and inflation pressures persist.
• Platinum Group Metals Ltd. stands out due to its advanced-stage project, strong partnerships and commitment to innovation.

In recent weeks, platinum and palladium prices have gained considerable momentum, driven largely by a resurgence in demand from China’s jewelry sector and increasing concern over global supply constraints. Platinum Group Metals (NYSE American: PLG) (TSX: PTM), a development-stage mining company focused exclusively on platinum group metals (“PGMs”), is well positioned to capitalize on these favorable conditions. With a strong asset base and an advanced development project in South Africa, the company is pursuing a strategic path toward becoming an important supplier in a resurging PGM market.

Platinum prices have recently reached their highest levels in more than two years, trading above $1,095 per ounce, up more than 20% year-to-date (https://ibn.fm/GAzra). This rally has been fueled by a notable uptick in Chinese demand, particularly for platinum jewelry, which had previously lagged behind gold due to shifting consumer preferences. According to the World Platinum Investment Council (“WPIC”), China’s jewelry demand for platinum is expected to grow by 5% in 2025, reaching approximately 2.1 million ounces, as consumers take advantage of platinum’s price discount relative to gold. The shift follows a significant run-up in gold prices, leading value-conscious buyers back to platinum, which many consider to have similar aesthetic appeal and long-term intrinsic value (https://ibn.fm/m69AL, https://ibn.fm/cXDkM).

At the same time, palladium — a sister metal to platinum and an essential component in automotive catalytic converters — has also seen renewed interest as industrial demand stabilizes and inflation pressures persist (https://ibn.fm/Ww9BQ). China’s continued investment in automobile production, alongside gradual post-pandemic global recovery in vehicle manufacturing, has supported palladium’s rebound. Moreover, both metals are integral to emerging technologies such as hydrogen fuel cells and next-generation batteries, adding future demand potential beyond traditional uses.

Against this backdrop, Platinum Group Metals is making meaningful strides through its flagship Waterberg Project, a large-scale palladium-dominant deposit located on the Northern Limb of South Africa’s renowned Bushveld Igneous Complex. The company holds an effective 50.16% interest in the project, which is joint ventured with industry heavyweights Impala Platinum Holdings Limited (“Implats”), Hanwa Co. Ltd. and the Japan Organization for Metals and Energy Security (“JOGMEC”).

The Waterberg Project represents one of the few large-scale, greenfield PGM developments globally and is uniquely designed for mechanized, bulk underground mining. This differentiates it from traditional labor-intensive operations and makes it more attractive from a cost, safety and scalability perspective. A 2024 update to the Definitive Feasibility Study (“DFS”) outlined a 20% increase in proven and probable mineral reserves, extending the mine’s estimated life from 45 years to 54 years and confirming 23.4 million 4E ounces (platinum, palladium, rhodium, and gold) in reserves (https://ibn.fm/IBshz). The DFS also cited an after-tax net present value (“NPV”) of $569 million and an internal rate of return (“IRR”) of 14.2% using long-term consensus pricing, figures that underscore the project’s economic viability.

Beyond mining, Platinum Group Metals is investing in the future of PGMs through its partnership with Valterra Platinum to develop next-generation battery technologies (https://ibn.fm/DAcyx). This collaboration is focused on leveraging PGMs in energy storage applications, specifically targeting advancements in lithium-sulfur battery technology. Such innovations could open up entirely new demand verticals for platinum and palladium, aligning with global decarbonization trends and increasing interest in alternative energy storage systems.

While many mining companies are still navigating the regulatory and funding challenges of bringing new operations online, Platinum Group Metals stands out due to its advanced-stage project, strong partnerships and commitment to innovation. As global markets look to diversify away from risky supply chains and reduce dependence on any single geographic source, the Waterberg Project’s location and development plan make it a strategically important resource in the global PGM landscape.

The company’s progress is well timed. With China’s demand for platinum jewelry showing strong signs of recovery, and both platinum and palladium gaining traction across industrial and clean energy applications, the market outlook is increasingly favorable for companies capable of delivering high-quality supply. Platinum Group Metals is not only responding to today’s demand surge but also preparing to support the next phase of global economic and technological evolution with responsibly sourced, strategically important metals.

For more information, visit www.PlatinumGroupMetals.net.

NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG

• HeartBeam has developed the first cable-free system capable of synthesizing a 12-lead ECG from 3D, non-coplanar electrical signals captured in real time.
• Patients can have the HeartBeam System with them at all times, ready to record an ECG in 30 seconds at home or anywhere when they feel symptoms to reduce delays in care.
• The HeartBeam System is now FDA cleared for arrhythmia assessment, with additional FDA review underway for its 12-lead ECG synthesis software for the same indication.
• A recent partnership with AccurKardia enhances HeartBeam’s arrhythmia solution with an FDA-cleared automated rhythm interpretation software.
• HeartBeam holds 20 issued patents, with additional allowed and pending applications, protecting its proprietary hardware, software, and algorithmic capabilities.
• Commercial launch is expected to be imminent, targeting a $500 million concierge SAM and broader multibillion-dollar patient pay market, supported by a high-margin, recurring revenue model.

HeartBeam (NASDAQ: BEAT) is a medical technology company developing a groundbreaking solution for at-home detection and monitoring of cardiac conditions. The company is creating the first ever cable-free synthesized 12-lead ECG platform designed to give patients the ability to record their symptoms the moment they occur, wherever they are. By providing synthesized, 12-lead ECG data, physicians can quickly assess the symptoms and ensure patients get the care they need in a timely manner. It also eliminates the need for wires, complex setup, or clinical staff, thus allowing synthesized 12-lead ECG signals to be accessible outside of a medical setting.

HeartBeam’s vision is to redefine cardiac care by enabling early detection, proactive monitoring, and informed clinical decisions outside the confines of a traditional medical setting. Its patented approach not only delivers similar, but not identical, accuracy of conventional 12-lead ECGs for arrhythmia detection but also unlocks future capabilities in ischemia detection, AI-assisted analysis, and longitudinal cardiac trend tracking.

The HeartBeam System is now FDA cleared for arrhythmia assessment, following foundational 510(k) clearance granted in December 2024. The company submitted a 510(k) application for its 12-lead ECG synthesis software in January 2025 for arrhythmia assessment. As it approaches commercialization, HeartBeam is executing a multi-phase go-to-market strategy with initial U.S. rollout plans and a focus on high-margin, recurring revenue.

The company is headquartered in Santa Clara, California.

Products

HeartBeam’s flagship product is a credit card-sized, cable-free device designed to capture ECG signals in three non-coplanar directions and transform them into synthesized 12-lead ECGs. This novel form factor integrates a smartphone app, cloud connectivity, and a physician portal, enabling patients to record cardiac events at the moment symptoms occur and physicians to assess and triage in near real time.

The device is supported by an expanding software ecosystem. A key component of this is HeartBeam’s proprietary 12-lead ECG synthesis software, which met its clinical endpoint in the  VALID-ECG pivotal study with 93.4% manual diagnostic agreement for arrhythmia assessment. This software is currently under FDA review and is designed to deliver clinical-grade arrhythmia diagnostic capabilities outside of traditional healthcare environments.

In April 2025, HeartBeam announced a strategic partnership with AccurKardia to incorporate its FDA-cleared ECG analysis software, AccurECG(TM), into HeartBeam’s offering. This integration is expected to enhance automated rhythm interpretation, streamline physician workflows, and improve diagnostic speed and accuracy.

Additional form factors are under development, including an on-demand synthesized 12-lead patch with issued patents, intended to serve the extended-wear market segment. These complementary offerings are intended to support chronic disease management and continuous monitoring applications, broadening HeartBeam’s total product ecosystem in the future.

Market Opportunity

HeartBeam is targeting large and growing segments within the $20 billion+ global cardiac monitoring and diagnostics market. According to the company’s own materials, the U.S. concierge care segment alone represents a $500 million serviceable addressable market (“SAM”), comprising approximately 1.5 million patients—500,000 of whom are at elevated cardiac risk. This initial focus provides a strategic entry point for cash-pay and early adoption.

Expanding beyond this niche, HeartBeam identifies a $1.3 billion to $2.6 billion annual opportunity in the broader U.S. direct patient pay market, driven by more than 2.6 million high-income individuals aged 35–74 with elevated cardiac risk. For comparison, more than 2.5 million Oura rings and over 3 million AliveCor Kardia devices have been sold, demonstrating strong consumer willingness to adopt personal cardiac technologies.

HeartBeam’s long-term opportunity is significantly larger. The company estimates that over 20 million people in the U.S. are at high risk for myocardial infarction (“MI”), representing a total addressable market nearly 40 times greater than the concierge segment. Additionally, the company’s on-demand 12-lead patch aims to capture market share in the extended wear and mobile cardiac telemetry (“MCOT”) space, competing with incumbents like iRhythm, Boston Scientific, Philips, and Baxter.

Leadership Team

Robert P. Eno, Chief Executive Officer and Director, brings over 30 years of experience launching disruptive medical technologies and leading commercialization efforts. He has held executive roles at HeartFlow, OptiMedica, NeoGuide Systems, and Avantec Vascular, and holds an MBA and BA from Stanford University.

Branislav Vajdic, PhD, President and Founder, is a seasoned innovator with over three decades of experience in technology and device development. He co-invented flash memory at Intel and led engineering teams responsible for the Pentium processor series. He previously served as CEO of NewCardio and holds a PhD in Electrical Engineering from the University of Minnesota.

Timothy Cruickshank, Chief Financial Officer, has over 15 years of experience in financial and strategic leadership roles. Formerly CFO at ImpediMed, he transformed the company into a SaaS-driven model. He holds an MBA from Keller Graduate School and a BS in Accounting from Syracuse University.

Peter J. Fitzgerald, MD, PhD, Chief Medical Officer, is a Stanford professor emeritus and interventional cardiologist with leadership in over 175 clinical trials and 24 medical startups. He co-founded TriVentures and has advised the FDA for over 20 years.

Ken Persen, Chief Technology Officer, has more than 25 years of experience in cardiac and digital health technology, including founding LIVMOR and leadership roles at Guidant and Cameron Health. He specializes in system design and product engineering for connected cardiac solutions.

For more information, visit the company’s website at www.HeartBeam.com.

NOTE TO INVESTORS: The latest news and updates relating to BEAT are available in the company’s newsroom at https://ibn.fm/BEAT