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Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) CEO: Superior REE Separation Tech Being Demo’d Will Give North America Advantage in Production

  • Canada-headquartered critical metals company Ucore Rare Metals Inc. is in the process of demonstrating its flagship rare earth element (“REE”) separation technology and is preparing to begin construction on its first commercial-scale processing facility later this year
  • Ucore’s proprietary RapidSX(TM) solvent extraction process will provide a unique advantage to the standard SX extraction process used for REEs throughout the world, using the same elements as SX but rapidly accelerating production time
  • Rare earths are vital elements for modern high-powered technologies ranging from cell phones to electric vehicle magnets
  • China currently controls the REE separation market and Ucore’s plans are poised to secure a North American production base free of potential conflicts with adversarial nations

Rare earth metals production has become a vital interest to North American business as well as national defense program technologies in North America because of their foundational use in commonly used items such as smartphones, digital cameras, LED lights and flat screen TVs, plus clean energy tech such as electrical vehicle magnets and steel alloys used in a wide variety of items (https://ibn.fm/gVwgL).

Canada-based Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) is aggressively working to become a leader in solutions for improving the separation of rare earth elements (“REEs”) from their mined ores in order to secure a stronger position for American REE production, Ucore CEO Pat Ryan noted in a recent interview with Proactive Investors.

“The only process used in the world today to separate rare earth elements is solvent extraction. It’s how China controls 90 percent of the mid-market with separation,” Ryan told Proactive’s Steve Darling (https://ibn.fm/ExCSb).

“The (Ucore) business plan revolves around the fact that there are a lot of resources in the rare earth space that are evolving outside of China. But they don’t have the critical mid-market separation, so what we’ve said is ‘let’s get that mid-market separation done.’ By doing that, we’re actually unlocking the resources for downstream customers,” Ryan said. “We’ll arrange the work relationship upstream; we’ll deal with the downstream customers — automotive, wind energy, high energy motors. And, yeah, we’ve had a lot of connectivity in the market as people are realizing now what we’re really doing.”

The key to Ucore’s solution is its development of a solvent extraction process that will not only be the only one based in the Western Hemisphere, but that will be superior to the universally used SX (also known as CSX) extraction process.

Ucore’s RapidSX(TM) process is at least three times more efficient than the SX standard, requires less overall processing time, and costs less for construction and operation, according to independent evaluations of Ucore’s technique (https://ibn.fm/OrFV8).

“We found a tech that needed a little bit of horsepower from a financial side and engineering side. The last couple years we’ve invested north of $10 million and a lot of engineering time,” Ryan said.

The company is now putting RapidSX(TM) through a trial run stage at a Commercial Demonstration Plant that Ucore and its development partner, Kingston Processing Metallurgy, Inc. (“KPM”), have in Ontario with the capability to process “tens of (metric) tons” of total rare earth oxides (“TREOs”).

Ucore expects to begin construction on its first commercial production Strategic Metals Complex (“SMC”) plant later this year in Louisiana, upscaling production to 2,000 metric tons of TREOs at the brownfield site by late 2024 and then increasing its TREO supply chain capacity to 5,000 metric tons the following year.

Two other SMCs are then expected to be built in Alaska and Canada.

At the time of the interview, the company had not yet announced the Louisiana site, but on April 6 Ucore followed up with the announcement it had selected an 80,800 square-foot brownfield facility within the England Airpark in the city of Alexandria. Because the facility is larger than initially anticipated, Ucore stated its maximum throughput capacity will eventually surpass the 5,000 metric ton goal and is expected to reach 7,500 metric tons of TREOs per year (https://ibn.fm/urukq).

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

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

The Third Annual NECANN Illinois Cannabis Convention – The Only B2B Convention in Illinois

NECANN, a pioneer in developing engaging conventions for the cannabis industry, is proud to announce its third edition of The Illinois Cannabis Convention being held on June 2-3rd, 2023. This year’s event will build on the success of the 2022 Illinois Cannabis Convention, with scaled-up operations that will see even more exhibitors, presenters, products, and even attendees in what promises to be the best B2B cannabis convention in Illinois.

The event will be held at the Schaumburg Convention Center in Chicago from 10 AM to 3 PM. It will play host to cannabis enthusiasts, farmers, entrepreneurs, and investors, with discussion topics ranging from careers in cannabis to marijuana investment opportunities and challenges. Some of the presenters at this two-day event will include Rebecca Abraham, the Founder and President of Acute on Chronic; Nadav Aschner, a partner at The Roadman Law Group; Bennett Cawthon, the President of Streamline Farms; and Jennifer Clark, a Strategy and Operations Consultant at LaunchSpot Consulting.

NECANN has been developing conventions for the cannabis industry since 2014, offering an avenue for expanding market opportunities for entrepreneurs, investors, businesses, patients, educators, cannabis advocates, and consumers. Throughout the years, the company has refined its approach to conventions, adapting to the current state and potential of each local market it has ventured into thus far. In addition, its collaborative approach with the local industries and communities has helped set its conventions apart, stamping its place as the go-to cannabis convention in the United States.

The third annual Illinois Cannabis Convention draws from the learnings from NECANN’s previous events, promising an avenue where exhibitors can achieve consistently high returns, attendees can learn a lot, and the local cannabis market can grow. This is an event that understands the booming cannabis space, especially in Chicago. As such, it looks to tap into that growth and the buzz around cannabis to draw interested parties together in one place to exchange value, ideas, products, and knowledge on how to push the industry forward.

To learn more, please visit https://cnw.fm/EVW4N

The 2023 Alternative Products Expo – Everything Counterculture Under One Roof

ZJ Events is proud to announce the 2023 Alternative Products Expo, the ultimate gathering for smoke shop owners, independent retailers, buyers, and counterculture enthusiasts. This event looks to build on the success and momentum of previous events dating back to 2019, which have achieved massive success and offered incredible value and exposure to attendees. The Alternative Products Expo offers an avenue for anyone in the counterculture industry to connect with top manufacturers, explore the latest trends and innovations, and take advantage of exclusive show discounts in a fun and exciting atmosphere. Termed the largest vape, hemp, and counterculture expo, this event offers a unique and exciting experience with opportunities for everyone at the event. Such opportunities will range from bulk buying, experiencing the business’ fun side, enjoying specials and free samples, and having a sneak peek into new industry releases. This upcoming event, held in Medellín, Colombia, will feature partners such as The Hemp Doctor, Cannavist, Mellow Fellow, Cannabis & Tech Today, and 3Chi. In addition, featured products will include disposables, nootropics, dietary supplements, Delta8, Vapes, CBD, and mushrooms, among others, making it the go-to event for a wide variety of niche industry players looking to find mainstream distribution and traditional marketing opportunities for their products. ZJ Events has, since its inception, sought to address the public demand for better business gatherings that are different from the traditionally dull and ordinary conventions. This has birthed various shows including, but not limited to, the flagship Alternative Products Expo, Expo Verse, Biz Cann Expo, Inno Venture, Vape South America, and the USA CBD Expo. In addition to Medellín Colombia, the Alternative Products Expo will also take place in Dallas on July 13-15, 2023, and in Vegas on September 14-16, 2023, all with the same underlying theme of having everything counterculture under one roof. To learn more, please visit https://ibn.fm/lIiyC and https://ibn.fm/J6trC.

Freight Technologies Inc. (NASDAQ: FRGT) Rollout of Fr8Now Platform Presents Game-changing Freight-matching Solution for Mexican Commerce

  • Freight Technologies, also known as Fr8Tech, has added to its house of brands with the introduction of Fr8Now, a platform focused on helping Mexico’s shippers to optimize cargo space when carrying multiple LTL loads
  • Fr8Tech is positioning itself to be a cross-border go-to solution within North America for getting OTR commerce from point A to point B as efficiently and cost-effectively as possible
  • The company’s flagship offering, Freight App, Inc. (or Fr8App), is a cloud-based freight-matching platform for cross-border and domestic shipping between the United States and partners within the United States-Mexico-Canada Agreement (“USMCA”) trade area
  • Market analyst recommendations for Fr8Tech have trended toward “buy” or “strong buy” endorsements in recent weeks

Commercial shipping technology developer Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) continues to build its brand portfolio, announcing March 16 the launch of less than truckload (“LTL”) freight-matching platform Fr8Now as a solution for helping shippers within Mexico to optimize their available cargo space when they aren’t carrying full truckloads.

“With our new platform firmly in place, we believe we are one of the first companies in Mexico to offer LTL digital solutions. We are confident that Fr8Now will be a game-changer for businesses looking to ship goods both in-country in Mexico and from Mexico to the exterior,” Freight Technologies CEO Javier Selgas stated in the March news release (https://ibn.fm/JdSVN).

“We offer a value-add to small businesses in Mexico seeking economic product distribution as well as small carriers seeking local distribution routes — so it’s a win-win solution on a number of fronts,” Selgas added. “These markets are already well developed in the US but we believe they are at a nascent stage in Mexico.”

Freight Technologies, also stylized as Fr8Tech, is welcoming Fr8Now to an interconnected family of brands that includes Fr8App, an artificial intelligence and machine learning solution that helps keep cross-border and domestic shipping moving productively within the United States-Mexico-Canada Agreement (USMCA, formerly NAFTA) trade area.

The company’s Fr8fleet digital platform helps large enterprise customers acquire dedicated truck transportation services and operations for a fixed fee. Fr8FMS is a fleet management system helping transportation companies reduce operational costs and provide better service to their customers.

Fr8Radar, Fr8TMS and Fr8Data provide additional shipper-related solutions.

Fr8Tech believes its new Fr8Now brand will break new ground by offering digital management of shipments in real time, using technology in a way that other market participants can’t at this time in Mexico.

Exports from Mexico to the United States in 2021 amounted to $386.25 billion in goods — the most recent year analyzed in the UN Comtrade Database (https://ibn.fm/fcZgJ). The amount marks an increase of nearly $56 billion over exports reported the previous year. Imports from the United States to Mexico rose more modestly from $212.67 billion to $221.31 billion during the period.

While Mexico’s commerce with Canada is much less than the goods exchanged between it and the United States, Mexico-Canada trade still rises into the billions of dollars — evidence of the importance of efficient cross-border trade.

Market analyst recommendations for the company have trended toward “buy” or “strong buy” endorsements in recent weeks, underscoring the consensus about the potential value of the company’s stock between market experts (https://ibn.fm/dEMKk).

For more information, visit the company’s website at www.Fr8Technologies.com, and its freight matching platform information site at www.Fr8.app.

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

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GeoSolar Technologies Inc. Offers Home Renewable Energy System — Aligning with the White House Environmental Justice Goals

  • President Biden recently signed executive order to establish new Office of Environmental Justice, plans to introduce new rules to regulate pollution from natural gas power plants
  • GeoSolar’s SmartGreen(R) whole-home renewable energy system aligns with the Biden Administration’s environmental goals to combat climate change
  • SmartGreen(R) includes a heat pump, geothermal ground loops, rooftop photovoltaic solar panels, insulation upgrades, upgraded windows, a CERV 2 air purification system, LED lighting, and a backup battery system
  • GeoSolar believes their system reduces a home’s carbon footprint from 8.8 pounds C02/year to zero, lowers utility bills from $2,700 to $60, and raises the home’s value by $54,000
  • GeoSolar conducting Reg A+ capital raise that allows investors to own a share of SmartGreen(R) with a minimum $300 investment

President Biden recently signed an executive order to establish a new Office of Environmental Justice that aims to integrate environmental initiatives into the work of federal agencies (https://ibn.fm/l2r2P). “Environmental justice will be the mission of the entire government woven directly into how we work with state, local, tribal, and territorial governments,” said Biden during the signing ceremony.

The Biden administration also plans to introduce new rules to regulate planet-warming pollution from natural gas power plants (https://ibn.fm/m5iHY). According to Environmental Protection Agency (“EPA”) representative Tim Carrol, the agency is “moving urgently to advance standards that protect people and the planet, building on the momentum from President Biden’s Investing in America economic agenda, including proposals to address carbon emissions from new and existing power plants.”

GeoSolar Technologies (“GST”), a Colorado-based climate technology company, is dedicated to helping homeowners take action that reduces the impacts of climate change. The company’s patent-pending SmartGreen(R) whole-home renewable energy system leverages geothermal and solar power to generate carbon-free energy to heat, cool, and power homes with options for new construction and existing buildings.

The SmartGreen(R) system comprises multiple complementary components to generate power, improve energy efficiency, and maintain optimal air quality throughout the home. These include a heat pump, geothermal ground loops, rooftop photovoltaic solar panels, insulation upgrades, upgraded windows, a CERV 2 air purification system, LED lighting, and a backup battery system.

“Converting your home with GeoSolar Technologies’ SmartGreen(R) Home not only gets rid of utility bills but also increases home value, improves the living environment, and helps the planet by reducing carbon emissions,” reads GeoSolar’s website (https://ibn.fm/9spyN). According to GeoSolar, SmartGreen(R) lowers the home’s carbon footprint from 8.8 pounds of C02/year to zero, reduces utility bills from $2,700 to $60, and raises the home’s value by $54,000.

GeoSolar plans to market SmartGreen(R) to over 120 million homes across the United States using incentives to drive sales, including financing options, tax deductions, and utility incentives. The company is additionally conducting a Reg A+ capital raise that allows investors to own a share of SmartGreen(R) with a minimum $300 investment.

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

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

Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Four New Patents Added to the Company’s Growing Patent Portfolio

  • Lexaria has received notifications of four new patents either awarded or allowed
  • After the awarding of these patents, Lexaria’s total patent portfolio will have grown to 32 granted patents worldwide
  • The new granted patent in Japan is under Patent Family #3: Stable Ready-to-Drink Beverage Compositions Comprising Lipophilic Active Agents
  • The new granted Australian patent is under Patent Family #18: Compositions and Methods for Enhanced Delivery of Antiviral Agents
  • The new allowed Canadian patent is under Patent Family #8: Compositions Infused with Nicotine Compounds and Methods of Use Thereof
  • The new allowed US patent is under Patent Family #21: Compositions and Methods for Treating Hypertension and is the first patent in the Patent Family

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms and the global leader in enhancing the speed and efficiency of orally-delivered fat-soluble active molecules and drugs through its patented DehydraTECH(TM) technology – has announced that the company has received notification of four newly awarded or allowed patents (https://ibn.fm/hfxa0). The new patents will add to Lexaria’s growing portfolio, bringing the total number of patents granted worldwide to 32, with several more pending.

Lexaria’s newly awarded or allowed patents include the following:

  • Japan: Lexaria’s new patent in Japan is under Patent Family #3: Stable Ready-to-Drink Beverage Compositions Comprising Lipophilic Active Agents. This patent is the fifth awarded in Japan, strengthening the company’s growing Japanese patent portfolio. Under this particular patent family, Lexaria has existing patents in Australia, India, Japan, and Mexico.
  • Australia: Lexaria’s new Australian patent is categorized under Patent Family #18: Compositions and Methods for Enhanced Delivery of Antiviral Agents. The new patent brings Lexaria’s total in Australia to ten and is the second patent in this Patent Family, following a similar patent in the United States awarded in 2022.
  • Canada: Lexaria’s Canadian patent under Patent Family #8: Compositions Infused with Nicotine Compounds and Methods of Use Thereof has been allowed. This will be Lexaria’s second patent in this Patent Family and follows a similar issuance in Australia in 2022.
  • United States: Lexaria has been notified that a new patent under Patent Family #21: Compositions and Methods for Treating Hypertension has been allowed in the US. The company believes this patent could provide significant importance in its pursuit of utilizing DehydraTECH-CBD concerning its expected upcoming FDA Investigational New Drug application. The outcomes of a series of hypertension studies already completed were instrumental in achieving this particular patent and is the first patent in the Patent Family.

When a patent is “allowed,” it means that the patent office has notified the company that it has been determined that they will soon grant the patent, often subject to some administrative tasks and/or fees.

Lexaria’s DehydraTECH technology speeds up delivery, increases bioavailability, increases brain absorption, improves drug potency, reduces drug administration cost, and masks unwanted taste. The company has conducted animal studies that demonstrated a propensity for DehydraTECH to elevate the quantity of drug delivered across the blood-brain barrier by as much as 1,700 percent, initiating additional new patent applications and opening possibilities for improved drug delivery.

Two markets of penetration for Lexaria include cardiovascular drugs and CBD. The global cardiovascular drug market is expected to reach $173.48 billion by 2026 (https://ibn.fm/331Zx). The global CBD market is expected to reach $111.8 billion by 2030 (https://ibn.fm/EU21Q). Lexaria’s DehydraTECH technology anticipates leveraging both markets and others, including oral nicotine, PDE5 inhibitors, and more avenues in which Lexaria has filed for patent protection for.

The new patents will allow Lexaria to continue its research and use of DehydraTECH for several indications. The patents offer protection on the company’s technology and allow it to explore further additional opportunities for use – reducing drug administration costs, enhancing efficacy, and more.

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

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

Mines and Money Connect Melbourne 2023 Brings Exploration Down Under Into the Sunlight

Investors and mining resource companies looking for opportunities Down Under this summer need to check out Mines and Money Connect’s new Melbourne 2023 event. With hundreds of attendees and over 800 openings for face-to-face meetings to discuss potential activity, Beacon Events’ latest entry in its portfolio of conference series.

The two-day event’s roster includes nearly 30 speakers from senior leadership positions at region-focused mining companies, resource analysts for securities and advisory firms, journalists with insights on the sector, and portfolio asset managers.

The educational opportunities will tackle topics ranging from the impact of ESG and sustainability concerns on investment decisions, gold’s position as a long-term investment, and the reshaping of the mining value chain.

Throughout the course of the event, the Connect meetings highlight the opportunities Mines and Money’s series is known for, setting aside space and time for junior miners and potential investors to forge partnerships that will accelerate projects of interest.

Networking food and refreshment slates on the schedule provide less-formal time for conference participants to get together to discuss industry developments and mining activity that serves as the lifeblood of the sector.

Mines and Money has more than 20 years of experience at bringing investors and junior mining companies together to create the latest advances in resource opportunity and sharing cutting-edge insights on market movements.

Mines and Money Connect boasts an AI-powered meeting planner specially designed to facilitate meeting scheduling between participants as part of its cornerstone feature, allowing attendees to optimize their time while visiting the Great Southern Land.

Key takeaways: 

  • Mines and Money Connect’s Melbourne 2023 debut event joins a popular series of conferences sited around the world that have built on over 20 years of experience
  • More than 160 investors and more than 40 mining companies are already slated to attend this inaugural event focused on resource opportunities Down Under
  • Educational topics at the two-day event include the evolving state of the mining value chain, the importance of environment-focused initiatives in the investment and policy-making worlds, and gold’s place in the market
  • Scheduled slots for networking and more than 800 anticipated meetings provide participants with specialized access to potential partnerships for resource development
  • Mines and Money’s AI-powered meeting planner empowers companies to make the most of their time and opportunities before they even arrive from varied international locations

Behind the scenes:

International conference series organizer Beacon Events has developed a reputation for developing access to the strategic needs and opportunities of major business sectors for over 20 years, ranging from technology and e-commerce to natural resources such as the mining industry. Beacon is headquartered in Hong Kong where it can specifically address the important emerging markets of Asia’s broad region of influence, but its events are sited around the world and include an online-facing platform.

For more information about this event, please visit https://ibn.fm/wYBZw.

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Seeks to Supply the North American EV Battery Supply Chain

  • The U.S. Inflation Reduction Act is set to drive a boom in the U.S. electric vehicle industry
  • Under the scheme, vehicles which source at least 40% of their components from North America or U.S. trade partners can be eligible for tax credits of up to $7,500
  • Most of the world’s graphite current comes from North-Eastern China with only one functioning natural graphite mine within North America at present
  • Reflex Advanced Material are working towards developing two potential graphite mining sites within North America, with the goal of supplying the burgeoning U.S. EV battery supply chain

On the outskirts of the town of Jidong in North-eastern China, tiny particles of graphite dust sparkle in the night-time sky (https://ibn.fm/CHTZn). Located along the border separating the nation from Russia’s Siberian territory, the Heilongjiang Province is the source of much of the world’s naturally mined graphene – a key element used in the manufacture of lithium-ion batteries. Graphite today accounts for nearly 25 to 28 percent of an EV battery’s total components, by far the largest element contained within the battery in terms of both volume and mass. Under the recently passed U.S. Inflation Reduction Act (“IRA”), customers may be able to avail themselves of subsidies designed to encourage the purchase of environmentally friendly electric vehicles. Nevertheless, a key constraint lays within the vehicle’s source of origin. Under the IRA, a vehicle may only be eligible for tax credits if it were to source at least “40% of critical mineral and battery” components from North America or a US free trade partner by 2024, a threshold which is set to soar to 80% by the end of 2026 (https://ibn.fm/YivI8).

Occupying a central position in the graphite chain today is BTR, the world’s largest supplier of natural graphite material for lithium-ion batteries. The Chinese company, which reportedly serves about 75 percent of the market demand for natural graphite material for batteries, sells to the world’s largest manufacturers of lithium-ion batteries, including Samsung SDI, LG Chem and Panasonic, among various others. Meanwhile, the U.S. does not mine natural graphite, opting rather to make use of synthetic graphite – a material whose fossil fuel-intensive production process can result in emissions 62% to 89% higher than that of natural graphite (https://ibn.fm/T9GsW).

Reflex Advanced Materials (CSE: RFLX) (OTCQB: RFLXF), a British Columbia-based strategic minerals company focused on locating and developing economic properties within the advanced materials space, has sought to meet the surging demand for natural graphite from the North American electric vehicle supply chain. The company boasts a vast project portfolio, which includes the Ruby Graphite Deposit, a graphite site in southwest Montana which produced upwards of 2,400 tons of graphite between 1902 and 1948, as well as the Ontario-based ZigZag Lithium Property, encompassing eight mining claims across 2,710 hectares.

With the battery supply chain within the U.S. rapidly ramping up – Bank of America noted that federal incentives contained within the Inflation Reduction Act had driven close to $52 billion in new investment towards the creation of 17 EV battery production facilities over the past year (https://ibn.fm/N8pdY) – sourcing domestically mined natural graphene has increasingly emerged as a key priority for the EV industry. In fact, a recent report by the World Bank revealed that a rise in anode demand was expected to fuel a graphite shortage of 8 million tonnes by 2040.

With an upcoming planned drill program set to take place during summer 2023 at the Ruby Graphite project as well as boasting established relationships with over 25 key North American customers, Reflex Advanced Materials find itself in an ideal position to capitalize on the upcoming IRC-fuelled EV boom in the U.S. Moreover, and through the company’s potential positioning as one of a mere handful of North American suppliers of high purity natural graphite used within hi-tech applications, Reflex Advanced Materials’ competitive positioning may be here to stay for many years to come.

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

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

Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Committed to Helping Implement Cashless Society via Global Financial Services Ecosystem

  • The company aims to build a global network of services, products, technologies and applications that will make it easy and affordable for consumers to move money almost anywhere in the world, and in any currency
  • FEXD is working to complete a merger, which will enable the company to strengthen its competitive position and provide neobanking services to unbanked consumers in several developing and industrialized markets around the world
  • FEXD is targeting consumers and businesses in multiple international markets, including South and East Asia, Africa, Latin America, Europe, and the United States
  • The number of cashless payments is set to almost triple by 2030, with the fastest growth expected in emerging markets targeted by FEXD
  • The transaction value of digital payments worldwide is anticipated to reach $14.7 trillion by 2027

As the financial services sector is undergoing a significant transformation, with digital payments continuing to expand in both number and transactional value, there is a rapidly growing opportunity for more diversified platforms and innovation driven by financial technology companies such as Fintech Ecosystem Development (NASDAQ: FEXD). A Delaware special purpose acquisition company, FEXD was formed with the purpose of helping implement a cashless society through a global financial services ecosystem that addresses unmet mobile money needs.

The cashless society is quickly becoming the default system for making payments, with digital payments worldwide expected to reach $9.46 trillion in transaction value this year, and to continue expanding at an annual growth grate of 11.8% to reach $14.7 trillion by 2027 (https://ibn.fm/mUZtD). According to a PwC survey, the number of cashless payment transactions is set to increase by more than 80% from 2020 to 2025 and then almost triple by 2030, with the fastest growth expected in the Asia-Pacific region, followed by Africa, Europe, Latin America, the United States, and Canada (https://ibn.fm/pgJPU).

FEXD is targeting consumers and businesses in multiple international markets, including South and East Asia, Africa, Latin America, Europe, and the United States. The company’s vision is to build a global network of technologies, applications, mobile money platforms, products and services, that will make it easier and affordable to consumers to conduct cashless transactions and move money “like thoughts” across borders, virtually any place in the world, in any currency. FEXD’s key goals include:

  • Allowing people in underserved financial service markets who need faster and cheaper ways to transfer money access to USD online accounts that are insured by the Federal Deposit Insurance Corporation;
  • Reducing costs of international fees for cross-border transactions as a result of using advanced digital payment technologies;
  • Supporting the progress of developing markets and countries, where mobile phones are widespread but mobile money services are not available
  • Helping reduce poverty, improving the lives of unbanked populations, offering financial options and security to migrant workers, and overall ensuring that humanity can leave behind the current unhygienic cash system.

To achieve these goals, FEXD is seeking to merge and acquire high-growth global financial technology pioneers, while also continuing the development of proprietary applications and technologies. FEXD has already signed a definitive agreement for business combinations with Mobitech International LLC (“Afinoz”), an AI-enabled digital lending platform based in the United Arab Emirates, with the merger expected to be completed later this year. Afinoz’s digital lending platform is used by leading financial institutions, as well as fintech loan providers, non-banking financial companies, and more than two million consumers in India.

“We aim to use emerging technologies such as blockchain, Web 3.0, Metaverse, and artificial intelligence to reduce costs and accelerate the processing of money transfers, loans, and other lifestyle services, which will benefit consumers and businesses in many countries” FEXD CEO, President and Founder Dr. Saiful Khandaker stated (https://ibn.fm/tTu3m).

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

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

NECANN Connecticut Cannabis & Hemp Convention to Deep Dive Into the Rapidly Changing Cannabis Industry

The 2023 Connecticut Cannabis & Hemp Convention is being held at one of the most prestigious locations in Connecticut, the XL Center, 1 Civic Center Plaza in Hartford, CT on May 20-21, 2023. NECANN takes note of reputable brands, as well as creative entrepreneurs on the scene, to create a vibrant blend of exhibitors, speakers, and panelists, that keep attendees engaged and inspire repeat visits to events.

The convention attracts industry-leading professionals who will present the latest insights into the cannabis industry. With expert speakers and exhibitors, the convention will have it all: science, cultivation, new opportunities, legal, branding, business strategies, growth, policy reform, and more. The conference strives to address the latest topics in the cannabis industry while allowing attendees to learn from the luminaries who are driving growth.

The conference is arranged to offer meaningful networking opportunities and impactful insights that serve a broader purpose of managing the industry as it grows. It serves as a platform that promises to both inspire and engage the next generation of cannabis heavy hitters in cultivation, extraction, retail, branding, media, compliance, distribution, and everywhere in between.

Network, Learn, And Explore The Cannabis World!

The 2023 Connecticut Cannabis & Hemp Convention is designed to empowering attendees with all the products, news, technologies, and legal info available. It will offer ample networking opportunities to create potent connections with peers in the cannabis industry. Attendees will have the opportunity to relax after the enthusiasm of the show, celebrate success, and start a conversation over drinks.

Perfect for entrepreneurs, executives, and even consumers, the conference will feature a range of expert panelists and speakers that represent a wide range of professionals from across the cannabis industry. The seminar will attract hundreds of leading exhibitors, including pioneering leaders in the cannabis marketplace. The seminars are designed to display the latest industry advances, new technologies and products, legal and financial issues, along with real-world insights from the trenches.

The convention is an ideal platform for networking and discovering what’s new in the cannabis marketplace. In addition to providing insightful educational resources, it will offer exhibitors the opportunity to improve brand awareness. The event will also include question-and-answer sessions and panel discussions about legislation, political issues, and cannabis business opportunities.

To learn more, please visit https://ibn.fm/O8tVc.

From Our Blog

Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) Expertise, Leadership Guides Company’s Long-Term Growth

January 12, 2026

Disseminated on behalf of Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) and may include paid advertising. Successful critical minerals development depends not only on geology and technology but also on leadership capable of navigating technical, regulatory, financial and community-related complexities. As demand for rare earth elements accelerates globally, companies seeking to move projects toward production […]

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