• John DiLullo and Rohit Ghai bring extensive leadership experience to D-Wave’s board to assist the company’s ongoing efforts to accelerate commercial quantum adoption and capitalize on its unique market position.
• With a track record spanning more than 30 years in technology, including 15 years in cybersecurity and networking, DiLullo has held key executive positions with several leading companies.
• Ghai brings years of experience working with both startups and large enterprises, with digital transformation expertise and knowledge across software, systems and security.

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, appointed two veteran technology industry leaders to its board of directors, supporting the increasing market adoption of the company’s annealing quantum computing solutions. The two new board members, John DiLullo and Rohit Ghai, join at a crucial time as the company is implementing an aggressive go-to-market strategy, aiming to accelerate quantum solution adoption across global businesses, research institutions and government agencies (https://ibn.fm/pQTJz). 

DiLullo has an extensive track record spanning more than 30 years in technology, including 15 years in cybersecurity and networking. Bringing leadership expertise in growth and profitability transformation, DiLullo focuses on improving customers’ technology adoption experience, championing customer success and ROI, and embracing specialized routes to market for significant growth.

DiLullo currently serves as chief executive officer at Deepwatch, a leading managed security platform for cyber resilient enterprises. He previously served as CEO at LiveVox and Lastline Security, and held senior executive level positions with F5 Networks, HP/Aruba Networks, Cisco Systems and Sonicwall.

Commenting on his appointment, DiLullo reiterated that he believes that D-Wave is a driving force of the commercial quantum computing era, helping organizations solve previously unsolvable business problems including advanced logistics and scheduling, material science innovation, drug discovery and supply chain optimization. “I’m looking forward to sharing my expertise in driving commercial technology adoption in support of the company’s rapidly expanding customer footprint and eco-friendly usage of quantum technology in serving real-world enterprise computing needs,” DiLullo added.

Ghai brings to the board his extensive experience working with both startups and large enterprises, with digital transformation expertise in highly regulated markets and knowledge across software, systems and security. He currently serves as CEO of RSA, a global leader in identity and access management solutions for security-first organizations. Before that, he was president of RSA during its tenure as a Dell Technologies business, as well as president of Dell EMC’s Enterprise Content Division. Ghai also held senior engineering and management roles at Symantec, Computer Associates and Cheyenne Software.

Ghai underscored his excitement for joining D-Wave at a time of hyper-growth and voiced confidence that his background in transformational go-to-market strategies will help the company continue to capitalize on its unique market position. “D-Wave’s opportunity is significant, as entire industries are transformed with the use of new computing paradigms like artificial intelligence and annealing quantum computing technology,” Ghai added.

Chair of the D-Wave board Steve West welcomed both appointments as well-timed to help the company fully take advantage of near-term growth opportunities at a pivotal stage in its development, “having built the world’s largest quantum computer and developing solutions that enable businesses, researchers and governments to harness the power of this technology to solve highly complex problems.”

In turn, D-Wave CEO Dr. Alan Baratz said, “I’m looking forward to working closely with John and Rohit as we continue to build the business, advance our strategic GTM efforts, and support customers’ adoption of annealing quantum computing as part of their core computational infrastructure.”

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

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

Forward Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

The MoneyShow Masters Symposium is set to take place from Dec. 5-7, 2024, at the Hyatt Regency Sarasota, offering investors critical insights and actionable strategies for the year ahead. With markets evolving at a rapid pace, and a new president taking office soon, this event will bring together top financial analysts, traders and investors to discuss strategies under the umbrella theme of “Managing Your Portfolio: New President, New Market.”

Designed for serious investors, technical analysts, top traders, global macro strategists, and portfolio managers, the three-day Symposium will provide an immersive experience beyond traditional investments. Attendees can gain a deeper understanding of diversified asset classes, new trends, and ways to enhance portfolio resilience.

For over 43 years, MoneyShow has empowered investors with resources to optimize and safeguard their financial strategies. Known for hosting premier events that bring together financial experts, MoneyShow creates an environment where attendees can gain practical knowledge to strengthen their portfolios amid changing markets.

Participants will have the opportunity to engage directly with their favorite experts and learn about strategies for building well-rounded portfolios. Breakout sessions and expert-led discussions will cover a range of topics, from navigating economic challenges to finding profitable opportunities in non-traditional asset classes.

The Symposium will also feature dynamic 45-minute breakout sessions, where speakers will present on critical investment tactics, uncovering ways to capitalize on financial opportunities within the current economic and political climate. Attendees can expect insights into alternative investments and strategies to protect and grow their assets.

Networking is a core component of the event, offering attendees the chance to connect with industry leaders, fellow investors, and money experts during various receptions and refreshment breaks.

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

• Economic uncertainties are driving investor interest in tangible assets like gold and platinum, with Costco entering the market by offering bullion.
• Costco’s introduction of platinum bars, following high demand for gold, reflects growing recognition of platinum as a viable investment option.
• Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is well-positioned to capitalize on rising platinum demand, supported by positive developments at its Waterberg PGM Project.

As economic uncertainties loom, investors are increasingly gravitating toward tangible assets, with physical metals emerging as a standout choice. This trend has become so significant that even major retailers, such as Costco (NASDAQ: COST), are entering the precious metals market by offering gold bullion. With gold bars selling out within hours, Costco has now expanded its offerings to include platinum, indicating a growing interest in this lesser-known precious metal.

Costco’s initial foray into gold bullion began last year, when its 1-ounce bars quickly became some of the most sought-after products. Featuring options like the PAMP Suisse Lady Fortuna Veriscan bar and the Rand Refinery’s elephant-stamped bar, demand surged to the point where Costco struggled to keep them in stock. Estimates suggest that monthly sales of gold bullion could reach between $100 million and $200 million as consumers flock to these precious assets (https://ibn.fm/CQeM3).

The introduction of platinum bullion bars opens the door for investors to explore platinum as a viable alternative. This shift aligns with a broader recognition in the investment community of the growing value of physical precious metals, especially in light of gold’s nearly 30% price surge this year due to fears of geopolitical instability, high inflation and concerns about long-term economic growth.

The increasing popularity of physical metals is driven by macroeconomic instability and inflationary pressures. As central banks adopt dovish monetary policies and interest rates are lowered, non-yielding assets like gold, silver and platinum have become attractive for preserving wealth. The demand for tangible assets reflects a wider trend where retail investors, who may have previously been excluded from high-value investment opportunities, are now participating in the bullion market through accessible platforms like Costco.

With the current trend favoring physical investments, the accessibility of platinum through major retailers could usher in a new wave of interest. Investors who have turned to gold for stability amid economic volatility might find themselves considering platinum, especially given its unique properties and industrial applications, such as its use in automotive catalytic converters.

Costco’s expansion into the precious metals market not only reflects consumer interest but also paves the way for increased investment in platinum as individuals seek to diversify their portfolios with physical assets. The current momentum for physical gold may indeed create a pathway for platinum to establish itself as an investment choice. As awareness grows and more avenues become available for acquiring these precious metals, both consumers and investors could benefit from exploring the potential that platinum offers in this evolving market.

In this shifting landscape, the increased demand for platinum could also create opportunities for stakeholders further down the supply chain, including mining companies. As interest in physical precious metals continues to grow, these companies may see rising consumer demand, allowing them to capitalize on the potential of platinum as a valuable investment asset.

As interest in platinum continues to rise, Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) emerges as a noteworthy player in the sector. The company operates the Waterberg PGM Project, a large palladium and platinum deposit located in South Africa. Recently, Platinum Group Metals announced and filed with securities regulators an updated Independent Definitive Feasibility Study (“2024 DFS”) for the Waterberg Project, which underscores its potential to meet the growing demand for these metals. 

The 2024 DFS detailed several encouraging developments. First, the company reported a 20% increase in its proven and probable mineral reserves of platinum, palladium, rhodium, and gold, now totaling 23.41 million ounces contained in 246.2 million tonnes of ore at an aggregate grade of 2.96 grams per tonne. Additionally, the life of the mine has been extended from 45 years to 54 years, ensuring that it can maintain production and generate cash flow for a longer period. With an average projected production of 353,208 ounces of platinum, palladium, rhodium and gold per year in concentrate, the project is well-prepared for robust output.

From an economic perspective, the project shows promising metrics. The 2024 DFS estimates an after-tax Net Present Value (“NPV”) of US$569 million and an Internal Rate of Return (“IRR”) of 14.2%, based on long-term consensus metal prices. These figures indicate the potential for strong operating margins. Furthermore, the Waterberg Project is projected to become one of the lowest-cost platinum group metal mines in Southern Africa, with an estimated average cash cost per 4E ounce of US$658 and all-in sustaining costs of US$761 per 4E ounce. This cost efficiency is essential in a fluctuating market, giving the project a competitive advantage.

The anticipated free after-tax cash flow of US$6.50 billion over the project’s lifespan further supports the argument for investment. The feasibility study also highlighted operational improvements, such as increased resource model accuracy due to a recent infill drilling program, which enhances continuity and supports mine scheduling. Additionally, the study identified opportunities to reduce capital expenditure by deferring costs and simplifying operations, potentially saving up to US$200 million. Environmental considerations are also a focus, with the project design incorporating reduced water consumption and innovative tailings management techniques, aligning with global sustainability trends.

As the demand for platinum grows amid economic uncertainties and shifting investment trends, Platinum Group Metals is strategically positioned to capitalize on this interest. The positive results from the 2024 DFS not only validate the Waterberg Project’s potential but also highlight the company as an investment opportunity in the precious metals sector. As both retail and institutional investors seek to diversify their portfolios with tangible assets, Platinum Group Metals could emerge as a beneficiary in the evolving landscape of precious metals investment.

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

Imagine setting up a tee time with someone who shares your love for walking the course, appreciates a friendly wager, or enjoys some post-game relaxation. Enter GolfLync, the app that’s taking the golfing world by storm by doing exactly that. Often described as the “Tinder for Golf,” GolfLync connects users with other golfers who match their game style and preferences, so each round is tailored to your vibe.

Using GolfLync, you can specify whether you prefer riding in a cart or walking, listening to music on the course, or even indulging in a classic 19th Hole refreshment afterward. This means no more guesswork about compatibility—you’re matched with others who play the way you do.

Keeping in mind the social dimension of golf, GolfLync allows all players who like a bit of friendly competition to indicate their interest in casual wagering, so you can connect with golfers who share your competitive edge without any awkward surprises. Each match ensures your golf outings are tailored to both your social and playing preferences, fostering a golfing experience that feels both comfortable and engaging.

The app caters to both individual golfers and established groups alike. Whether your regular foursome is one player short, or you’re new in town and eager to meet locals with similar interests, GolfLync makes it easy to find players who fit in seamlessly. 

The app’s user-friendly interface lets you quickly connect, arrange tee times, and confirm details so you can get on the course without hassle. There’s even an option for travel; if you’re exploring new courses out of town, you can find golf buddies nearby who match your style. It’s like having a custom-built golfing network that travels with you.

Ready to build your ideal golf experience? Download GolfLync, set your preferences, and find your perfect golf match today!

You can download the GolfLync app using the following text-anchored links:

• Android: GolfLync – Apps on Google Play
• iPhone: GolfLync

For more information about GolfLync, visit GolfLync, download the app, and connect with community on Facebook, X and LinkedIn.

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

For additional investor information, visit SportLync Investment.

• Two posters were presented by Annovis’ President and CEO, Dr. Maria Maccecchini, focusing on the company’s lead drug candidate buntanetap and its performance in clinical trials for the treatment of Alzheimer’s disease (“AD”).
• A leading event for the Alzheimer’s research community, CTAD 2024, brought together key members of pharmaceutical companies, academic research centers, and patient advocacy groups to discuss avenues for AD treatment.
• Buntanetap has been shown to significantly improve cognition in early AD patients, both ApoE4 carriers and non-carriers, and normalize biomarkers associated with AD pathology.
• The company is preparing for Phase 3 clinical trials for buntanetap in early-stage Alzheimer’s patients: a 6-month study to confirm symptomatic benefits and an 18-month study to explore disease-modifying effects. 

Annovis (NYSE: ANVS), a late-stage clinical drug platform company pioneering transformative therapies for neurodegenerative diseases such as Alzheimer’s disease (“AD”) and Parkinson’s disease (“PD”), presented two scientific posters at the 17th Clinical Trials on Alzheimer’s Disease (“CTAD”) conference (https://ibn.fm/ysPFn), held between Oct. 29 and Nov. 1 in Marid, Spain.

The posters are now available online on Annovis’ website.

Key Findings Presented: 

Poster: “Efficacy of Buntanetap in Early AD and APOE4 Phase 2/3 Alzheimer’s Patients.”

The Phase 2/3 AD clinical study involved 353 patients and assessed buntanetap’s efficacy and safety on top of standard medications. The data showed that buntanetap significantly improved cognition in patients with early AD by 3.3 points on the ADAS-Cog11 test after three months of treatment, compared to a 0.3-point improvement in the placebo group. The data was consistent with previous phase 2 AD/PD (NCT04524351) and DISCOVER (NCT02925650) studies. 

Poster: “Biomarker Data Showed Buntanetap Reduced Neurotoxic Proteins, Improved Axonal Integrity, Reduced Inflammation, and Neuronal Functions in Alzheimer’s Clinical Studies.” 

Combined biomarker data from clinical studies in AD and PD patients showed that buntanetap reduced multiple neurotoxic aggregating proteins, reduced inflammation and preserved neuronal functions. Altogether, these biomarkers data, measured in plasma and in cerebrospinal fluid (“CSF”), support buntanetap’s clinical efficacy in improving AD patients’ cognitive function.

Following encouraging clinical trial results, the company was cleared by the U.S. Food and Drug Administration (“FDA”) to pursue Phase 3 clinical trials for buntanetap in early-stage Alzheimer’s patients and agreed on the next steps to advance toward a New Drug Application (“NDA”) submission. As part of the Phase 3 program, the company will hold two studies: a 6-month study, set to begin in Q1 2025, to confirm buntanetap’s symptomatic benefits and an 18-month study to explore potential disease-modifying effects.

For more information about the company, visit www.AnnovisBio.com, and social channels LinkedIn, X and YouTube.

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

• As the world rapidly transitions toward electrification and renewable energy, copper has emerged as an essential metal in creating a sustainable, electrified society. 
• Aston Bay is working on promising copper projects to help meet rising demand.
• The company’s commitment to exploration positions it to supply copper for future green technologies and contribute to sustainable mining practices.

In an electrified world, the demand for copper is set to rise dramatically, emphasizing the need for robust exploration and production efforts to ensure a stable supply. Aston Bay Holdings (TSX.V: BAY) (OTC: ATBHF) is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits, including copper.

As the world rapidly transitions toward electrification and renewable energy, copper has emerged as an essential metal in creating a sustainable, electrified society. This metal, with its excellent conductivity, durability and malleability, plays a foundational role in renewable energy systems, electric vehicles, power grids, and countless other applications that are driving the global shift toward cleaner, greener energy solutions. 

Copper’s unique conductive properties make it indispensable in virtually all electric systems. As society pivots toward renewable energy, copper’s role will become even more significant, as it is used extensively in wind turbines, solar panels, electric vehicles (“EVs”) and power transmission. In wind energy, copper is found in the wiring, generators and transformers that connect turbines to the grid. Solar panels rely on copper wiring to transmit energy efficiently from photovoltaic cells to storage systems or directly into the power grid.

The electric vehicle industry is another major driver of copper demand. EVs require at least double the amount of copper as traditional combustion-engine vehicles due to their batteries, inverters and extensive wiring (https://ibn.fm/eLbTD). As automakers work to meet global demand for EVs, this need for copper is expected to grow. Moreover, the infrastructure required to support EVs, such as charging stations and enhanced grid capacities, further increases copper usage.

In addition, electric power grids are undergoing modernization to handle the increased load from renewable energy sources and electric vehicles. Copper is a crucial component in grid infrastructure (https://ibn.fm/8tYRQ), enabling efficient power transmission over long distances and contributing to reliable energy storage systems that can handle fluctuating supply and demand. The electrification of public transportation, including rail systems and bus networks, also depends on copper-heavy infrastructure.

A more electrified and sustainable world offers numerous advantages, from reducing greenhouse-gas emissions to improving air quality and human health. Renewable energy sources such as wind, solar and hydroelectric power significantly lower carbon emissions compared to fossil fuels, directly combating climate change. Widespread electrification also promotes energy independence, as countries can rely more on locally sourced or renewable energy rather than imported fossil fuels, stabilizing economies and contributing to energy security.

Additionally, the transition to renewable energy and electric vehicles improves urban air quality by reducing pollutants associated with burning fossil fuels. Cleaner air can lead to fewer respiratory and cardiovascular issues among populations, creating a healthier society with potentially lower healthcare costs.

To support this transition, companies such as Aston Bay are focused on discovering and developing new copper sources. Aston Bay, a Canadian exploration company, is working on promising copper projects to help meet the rising demand. With a portfolio of projects, including the high-grade Storm Copper Project in Nunavut, Canada, Aston Bay aims to contribute significantly to the global copper supply. 

As the company develops its projects, it aligns with the urgent need for sustainable copper sources in North America and globally. The company’s commitment to exploration in remote and potentially high-grade areas positions it to supply copper for future green technologies and contribute to sustainable mining practices. As the global push toward an electrified future intensifies, efforts by exploration companies like Aston Bay are critical. By advancing copper projects, Aston Bay aims to meet both industrial demand and environmental sustainability goals, helping close the supply gap and reduce dependence on nonrenewable energy sources.

For more information, visit AstonBayHoldings.com.

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

• Excessive operating costs contribute to high failure rate among new hospitality businesses, with many closing their doors within the first five years.
• The single biggest challenge for hospitality operators is skyrocketing labor costs and an inability to find available, reliable employees.
• Nightfood Holdings’ Future Hospitality Venture’s Robotics-as-a-Service model enables businesses a lifeline in the rapidly changing environment.

Starting a restaurant or hotel demands a substantial initial investment, creating significant barriers that many entrepreneurs find severe. However, those who fail to embrace automation face obsolescence in an increasingly cutthroat market. Integrating robotics in hospitality not only liberates businesses from extinction due to being unable to compete with those that successfully transition, but it slashes operational costs and allows for efficient handling of repetitive tasks. Nightfood Holdings (NGTF) and its subsidiary, Future Hospitality Ventures Holdings Inc., are making expensive automation attainable for operators in the hospitality sector, helping businesses adapt before it’s too late.

Costs to enter the hospitality space include acquiring a location, licenses, equipment and supplies as well as labor expenses, quickly adding up to a significant financial burden. Because the industry is labor intensive, many new establishments find themselves unable to afford the staff needed for competitive service, especially during peak hours. Additionally, rising minimum wage standards, particularly in states such as California, New York and Washington, have further impacted labor costs, making it impossible for many new ventures to turn a profit. This economic reality contributes to the excessive failure rate among new hospitality businesses, with many closing their doors within the first five years.

Enter the world of robotics. With today’s nature, this technology is not just a look into what is to come but offers the only solution to problems hospitality businesses cannot control. Additionally, kitchen robots can streamline food preparation, increasing efficiency and reducing the number of small issues that ultimately hurt businesses over time. Using service automation eliminates the fluctuations and uncertainties inherent in a gig-based labor force.

However, the set-up costs involved include not only the robots themselves but also the necessary software, installation and ongoing maintenance. As a result, many smaller enterprises face a life-and-death dilemma.

Robotics-as-a-Service (“RaaS”) offers a flexible alternative, enabling businesses to adopt robotics without excessive upfront expenses. With RaaS, businesses lease or subscribe to their automation solutions, paying a monthly or usage-based fee rather than buying the expensive equipment outright. This model allows businesses to access the benefits of robotics while maintaining liquidity and their overall livelihood.  

Nightfood Holdings’ subsidiary, Future Hospitality Ventures, has made the RaaS model accessible across the hospitality sector (https://ibn.fm/yJazN). Recently, Future Hospitality launched a line of robotic solutions targeting smaller operators, including restaurants and hotels. The company’s highly profitable RaaS business model integrates automation systems that are designed to seamlessly plug into existing operations, allowing businesses to automate customer service and back-end processes. This technology can be especially transformative for smaller businesses struggling with tight margins, as robots can perform repetitive tasks consistently and cost-effectively.

The subsidiary is working to build partnerships with franchises and institutional service providers, signaling an expansion into a wide range of establishments that need automated services. With a plug-and-play approach, Future Hospitality Ventures enables operators to adopt robotics quickly, providing access to the latest tech without the costs typically associated with automation systems.

Rapidly changing technologies do not wait for businesses to catch up. Nightfood enables hospitality operators a crucial lifeline during this time of tectonic transition. Through Future Hospitality Ventures, Nightfood is providing the technology hospitality operators need to survive in the coming years. 

Nightfood Holdings is a forward-thinking holding company dedicated to identifying and capitalizing on explosive market trends within the consumer goods, hospitality and food service sectors. The company’s mission is to create outsized upside potential in industries ripe for innovation and growth by leading newly emerging categories and seizing opportunities in markets undergoing transformational upheaval. Through these strategic initiatives, Nightfood endeavors to drive significant value and growth for its shareholders.

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

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

President Biden has rolled out a new plan aimed at enabling the U.S. to harness AI for national security purposes amid a global race that is seeing different countries scrambling to tap this new technology for their own interests. He outlined his plans in an NSM (National Security Memo) that centered on artificial intelligence, emphasizing that the U.S. government should be at the forefront of AI development in order to ensure that it is secure, safe and trustworthy.

He called upon American agencies to strengthen their supply chains of semiconductor chips, integrate considerations of AI into any new technology plans they have while also making it a priority to gather intelligence on any foreign entities making attempts to thwart the U.S. from taking the lead in artificial intelligence. A U.S. government official asserted that the country must out-compete its enemies and take steps to mitigate any efforts of enemies focused on leveraging AI against U.S. interests.

The memo from the White House underscored the need to deploy artificial intelligence towards protecting democratic values and human rights. The memo stressed that Americans should know when systems can be trusted to perform reliably and safely.

To attain the objective of ensuring safety, the memo from the White House stipulates that relevant agencies are expected to assess, monitor and then implement measures aimed at mitigating any risks that artificial intelligence is found to present in terms of triggering discrimination and bias, privacy invasion, abusing human rights and threatening the safety of groups or individuals.

Additionally, this directive calls for the creation of a framework through which the federal government can collaborate with its allies for purposes of ensuring artificial intelligence development happens in ways which conform to existing international regulations and laws while also safeguarding fundamental freedoms and human rights.

This memo comes as the U.S. government gears up for an expected intense intelligence and military competition between world powers. This competition is expected to prominently feature AI.

It should be noted that the recently published NSM isn’t the first action that the current U.S. administration has taken in relation to AI. Last year, the president issued an executive order to curb the risks posed by AI to workers, minority groups, national security and consumers. However, several civil rights organizations complained that the government isn’t being transparent about its use of AI, and the entities urged that stronger safeguards be incorporated within the NSM.

The growth trajectory of the artificial intelligence industry looks to be just beginning, and as private corporations, security agencies and other entities scramble to leverage these technologies, the demand for various minerals used to manufacture AI chips and other AI infrastructure is set to rise rapidly. Companies like McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) that produce these metals in favorable jurisdictions are well positioned to ride this boom and boost the shareholder value.

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

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

• Shift in Exploration Focus: Junior explorers traditionally fueled major metal discoveries through capital investment, but recent trends prioritize existing deposits and exhausted brownfield plays, jeopardizing future metal supply crucial for economic growth and a transition to renewable industries.
• Torr Metals’ distinct approach is focused on uncovering new district-scale copper and gold discoveries in underexplored regions, leveraging its 100% owned strategic land holdings, excellent infrastructure access, and proximity to mines owned by majors.
• Promising Project Results: Torr’s Kolos Copper-Gold Project in British Columbia and Filion Gold Project in Ontario show strong potential, with significant undrilled soil anomalies and high-grade outcrop mineralization, positioning the company for potential key breakthroughs in North America’s exploration landscape.

Time is Now for Greenfield Discoveries

Historically, junior explorers have been the lifeblood of new major metals discoveries. Investors and institutions provided the exploration capital that small companies used to find large deposits, which attracted the attention of majors that would come in to buy the junior and develop a mine. With ESG becoming a buzz word, cost controls running rampant, and technology becoming all the rage, investor interest has shifted to the detriment of young explorers and the mining faithful.

Junior explorers have long driven the discovery of new major metal deposits, fueled by investor and institutional capital that enabled them to uncover large resources, which were later acquired and developed by major mining companies. However, with ESG becoming a buzz word, cost controls running rampant, and technology becoming all the rage capital for early-stage exploration has dwindled with shifting investor focus – putting at risk new major metal discoveries essential for sustaining economic growth and meeting future resource demands.

As noted by McKinsey & Company, capital expenditures in mining plummeted from about $260 billion in 2012 to $130 billion in 2020.

Today, companies of all sizes are pouring more time and resources into squeezing value from existing deposits and heavily explored brownfield projects, most of which have yet to yield significant new results despite decades of effort – all while shying away from the higher-risk, higher-reward pursuit of finding the next potential mother lode.

This is not the M.O. of Torr Metals (TSX.V: TMET). As President and CEO Malcolm Dorsey emphasizes, Torr is pursuing cost-effective strategies with higher potential for returns, focusing on district-scale areas with low exploration maturity and strong prospects for new copper and gold discoveries. With 100% ownership of nearly 1,200 km², Torr’s projects enjoy direct highway access, proximity to power grids, and established mining infrastructure, allowing operations near local towns and cities. In short, Torr is unlocking underexplored regions with major discovery potential, where operation costs are low and mining giants are already invested with dwindling mines that will require feed.

“My background is in structural geology,” Dorsey explained in a MiningNewsWire podcast. “I like to start with the bigger picture, then scale down to pinpoint districts where I believe major new discoveries can be made. I’m not chasing after old frontiers with familiar outcomes – finding something new requires piecing together the puzzle to uncover that ‘needle in a haystack,’ which is precisely what structural geology enables. With Torr we have adjacent infrastructure and newly defined, large-scale undrilled anomalies, which sets the stage for potential breakthrough discoveries that create substantial upside for investors as we unlock fresh value in underexplored regions.”

Finding the Needle

Torr Metals is already seeing results with its strategic approach through the staking acquisition of the 240 km² Kolos Copper-Gold Project in southern BC and 261 km² Filion Gold Project in northern Ontario late last year. Next door to major highways, neither area contained more than very limited historical prospecting, paving the way for Torr to be the first to complete regional soil and rock sampling surveys, followed by a ZTEM geophysical survey on the Kolos Project. The results have been highly promising, with a 4 km-long copper-gold soil anomaly delineated on the Kolos Project, coincident with geophysical anomalies extending over a kilometer deep with outcrop mineralization yielding grades up to 0.52% Cu and 4.24 g/t Au.

That isn’t the only needle, with initial results from the Filion Project identifying six paralleling gold soil anomalies up to 1.2 km in strike-length and soil grades up to 1.32 g/t Au. In a bold push for expansion, Torr’s 2024 exploration program is testing nearly 6 km of additional strike potential, targeting 17 historical trenches along a rich trend where past sampling revealed 91.4 g/t Au over 0.3 meters in chip samples and rock grabs as high as 9.1 g/t Au. This year’s efforts aim to unlock Filion’s full untapped potential for a district-scale discovery in preparation of a planned maiden drill program in 2025.

“These findings, all of which are road-accessible and untested by drilling as they are new, highlight our abilities and success in uncovering previously unrecognized targets in underexplored prolific areas,” says Dorsey, emphasizing Torr’s commitment to advancing North America’s next district-scale copper and gold discoveries.

Fix Funding, Fix the Problem

The funding shortfall for junior mining companies in North America highlights the urgent need for the U.S. and Canada to take decisive action to secure domestic supplies of critical and precious metals. As many metals are produced at a deficit, this reliance on imports threatens economic growth and hampers the transition to a renewable energy future.

For instance, the supply-demand balance for gold remains stable, primarily due to the recycling of materials. With the U.S. considering Canada a domestic source, supporting new Canadian mines is a strategic move to meet future demand. In 2023, U.S. gold imports increased significantly to 200 metric tons, up from 138 metric tons in 2022.

A key concern is the pressing need for a sustainable domestic supply chain for essential critical minerals, which are vital for technology, renewable energy, and economic stability. Without a robust domestic mining sector, the ability to source these materials will be severely compromised, impacting industries that rely on them.

Companies like Torr Metals are stepping up to address this gap by implementing innovative exploration strategies to uncover district-scale deposits. The Canadian government has recently enacted new policy to expedite mine development, and both the President Trump and President Biden administrations have prioritized the domestic production of critical metals, highlighting the urgent need for reform.

As outlined by the National Mining Association, a comprehensive metals strategy is essential. This includes reshoring processing capabilities, strengthening partnerships, and expanding domestic metals production to secure a sustainable supply.

Junior mining companies play a vital role in discovering new mineral deposits, but their potential is constrained by inadequate funding and government support. Companies like Torr Metals are adopting forward-thinking strategies to enhance investor value while pursuing new funding opportunities, tax incentives, and streamlined permitting processes. These initiatives will facilitate the rapid development of new mines, reducing risks for investors and ensuring that critical mineral projects come to fruition.

Building a robust domestic critical metals industry is no longer just a competitive advantage—it is essential for supporting economic growth and the transition to a renewable energy future. By investing in junior mining companies and fostering domestic production, the U.S. and Canada can ensure a sustainable supply of critical metals that will drive their economies forward.

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

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

• Calidi’s unique OV platforms are engineered to protect and amplify virus efficacy, enhancing tumor targeting and patient safety.
• Calidi’s lead programs, CLD-101, CLD-201, and CLD-400, are advancing through key development stages, with major milestones anticipated, including Phase 1b/2 enrollment for CLD-101 in Q1 2025 and Phase 1 trials for CLD-201 expected in 2H 2024.
• The company targets a $13-15 billion U.S. market across multiple high-need cancer types, including GBM, TNBC and lung cancer.
• Calidi’s leadership team combines business, scientific and operational expertise, with a track record of successful exits and growth.

Calidi Biotherapeutics (NYSE American: CLDI) is a clinical-stage immuno-oncology company pioneering proprietary technology that empowers the immune system to combat cancer. Calidi’s innovative, off-the-shelf cell-based platforms use allogeneic stem cells to deliver potent oncolytic viruses (“Ovs”) across multiple oncology indications, including high-grade glioma (brain cancers) and solid tumors. In addition, Calidi has presented a breakthrough systemic technology, RTNova, which utilizes an exteracellular enveloped virotherapy. RTNova is pre-clinical and has been extremely well-received by market analysts and large-cap biopharma – opening the door for potential collaboration.

These cell-based platforms are engineered to protect, amplify and enhance the efficacy of oncolytic viruses, resulting in improved patient safety and potentially advancing treatment outcomes for metastatic disease. By employing a dual approach that combines OV delivery with immune activation, Calidi’s therapies aim to not only treat but potentially prevent the spread of metastatic cancers.

The company’s development pipeline leverages this technology to address pressing needs in cancers such as glioblastoma (brain cancer), metastatic melanoma, triple-negative breast cancer, head & neck cancer, and lung cancer. Calidi’s approach has shown early signals of efficacy and safety, establishing it as a distinctive player in the growing OV market, which is projected to increase significantly in value over the next decade.

Calidi is headquartered in San Diego, California.

Products

Calidi’s product pipeline includes advanced cell-based platforms targeting a variety of oncology indications, each designed to harness the power of oncolytic virotherapy for improved cancer treatment outcomes.

• NeuroNova (“CLD-101”): A platform designed for treating high-grade gliomas (“HGG”), NeuroNova employs neuronal stem cells combined with an engineered adenovirus (“CRAD-s-Pk7”) to selectively target glioma cells. After a successful Phase 1 safety study in newly diagnosed HGG, NeuroNova has now progressed into Phase 1/1b trials for recurrent cases. FDA clearance for a Phase 1b/2 trial at Northwestern University was received in September 2024, with patient enrollment expected to begin in Q1 2025. This trial will utilize multiple-dose intracerebral administration to maximize safety and efficacy in newly diagnosed HGG patients.
• SuperNova (“CLD-201”): Built on Calidi’s foundational technology, SuperNova utilizes an engineered Vaccinia virus (“CAL1”) delivered via allogeneic adipose-derived mesenchymal stem cells to target advanced solid tumors, including head & neck, triple-negative breast cancer, and soft tissue sarcomas. Early studies with autologous stem cells demonstrated both safety and promising efficacy, and Calidi plans to begin a Phase 1 trial with multiple dose regimens for SuperNova in the coming months.
• RTNova (“CLD-400”): Calidi’s systemic delivery platform for lung and metastatic cancers, RTNova employs an extracellular enveloped virotherapy (“envRT-01”) technology for intravenous (“IV”) administration, simplifying the treatment process and expanding its potential applications. Currently in preclinical stages, RTNova focuses on demonstrating efficacy and safety through systemic administration. A clinical trial targeting metastatic lung cancer is anticipated for Q2 2026, using a single-arm monotherapy with dose escalation. Calidi has partnered with SIGA Technologies (NASDAQ: SIGA) to support the development of this program.

Market Opportunity

The global oncology drugs market was valued at $201.75 billion in 2023 and is projected to grow to $518.25 billion by 2032, with a CAGR of 11.3%. The oncolytic virotherapy market in particular is growing rapidly, driven by increasing approval rates and significant unmet needs.

The market for OV treatments is expected to expand from one approved product generating $150 million in the U.S. in 2021 to 6-8 approved therapies generating $2.4 billion by 2030. As a leader in OV technology, Calidi is well-positioned to address these high-demand areas in oncology.

Alongside global trends, the American Cancer Society projects nearly two million new cancer diagnoses in the U.S. in 2024, reflecting a 28% increase since 2010. This underscores the urgent need for novel therapies that not only treat disease progression but also enhance patient quality of life, reinforcing the demand for Calidi’s innovative approaches.

Management Team

Allan Camaisa, CEO, Chairman and co-founder, is a seasoned leader with extensive experience in scaling businesses to successful exits. Mr. Camaisa previously led High Technology Solutions, growing it from two employees to over 500 with $50 million in revenue. He also served as CEO of Parallel6 Inc. and is a U.S. Naval Academy graduate with further studies at Harvard Business School.

Antonio Santidrian, Ph.D., Chief Scientific Officer, leads all research and development initiatives at Calidi and is the coinventor of the company’s CLD-201 (“Supernova”) and CLD-400 (“RTNova”) platforms. Since joining Calidi in 2015, he has applied his 20+ years of expertise in academia and biotech, focusing on anti-cancer translational research, to drive the company’s innovative drug pipeline. Before Calidi, Dr. Santidrian led translational studies at The Scripps Research Institute, advancing treatments for breast cancer metastasis, and contributed to the development of ACADRA for chronic lymphocytic leukemia (“CLL”) at the University of Barcelona, Spain.

Boris Minev, M.D., President of Medical and Scientific Affairs, is a renowned physician-scientist with expertise in Immuno-Oncology, stem cell biology, and oncolytic viruses. Previously, Dr. Minev served as Director of Immunotherapy and Translational Oncology at Genelux Corporation and remains an adjunct professor at the Moores UCSD Cancer Center. His background includes research at the National Cancer Institute.

Andrew Jackson, CFO, has held executive finance roles with experience in biotech and clinical-stage companies, including Eterna Therapeutics and Ra Medical Systems. Mr. Jackson holds an MSBA in Finance from San Diego State University and a BSB in Accounting from the University of Minnesota.

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

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