• D-Wave has introduced service-level agreements (“SLAs”) for customers of its Leap quantum cloud service who are moving applications into production
• The Leap quantum cloud service offers 99.9% availability for its Solver API and aggregated set of annealing quantum computers
• The Leap quantum cloud service has seen a surge in usage over the past 12 months, with more than 60 million jobs submitted, a 215% increase over the previous 12 months

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, has introduced service-level agreements (“SLAs”) tailored for customers of its Leap quantum cloud service who are moving applications into production. According to a company news release, this move confirms D-Wave’s confidence in the Leap service’s availability, reliability, scalability, and ability to support commercial-grade quantum and hybrid-quantum application requirements (https://ibn.fm/mTrP0).

“As the transition to production deployments accelerates, providing exceptional access to our cloud service has never been more critical,” said Dr. Trevor Lanting, chief development officer at D-Wave. “Our SLA offering is designed to support this dynamic shift with confidence, enabling businesses to thrive as quantum technology’s commercial value and adoption grows.”

Providing real-time, secure access to D-Wave’s annealing quantum computers and hybrid solvers since its launch in 2018, the Leap quantum cloud service is a production-grade service that enables customers to run business-critical workflows.

According to D-Wave monitoring data, the service has consistently offered 99.9% availability for its Solver API and aggregated set of annealing quantum computers over the past two years, which indicates a high level of responsiveness even under heavy customer usage. Since its launch, the Leap service has run almost 200 million customer jobs without lengthy queue times, unavailable hardware workarounds or requiring advance work scheduled. The company also further enhanced the Leap service and Ocean(TM) SDK processing speeds by 30%, empowering customers to achieve faster computations and solve complex problems more effectively.

A testament to the growing demand for immediate access to cloud-based quantum computing, usage of the Leap quantum cloud service has increased by 215% in the last 12 months, with over 60 million jobs submitted in that time period. The increased usage also contributed to the decision to introduce SLAs for production customers. According to Heather West, PhD, research manager and analyst with IDC, organizations looking to incorporate quantum computing into their IT structure should consider opting for a real-time production-grade service that comes with the kind of assurances an SLA can provide. “Technology leaders should have the same expectations of quantum cloud services that they do for any software-as-a-service, with reliability and accessibility leading their decision criteria.” 

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.

• Velocity strings (“VS”) play crucial role in addressing a common challenge in oil and natural-gas production: the buildup of liquids in the wellbore.
• Trillion Energy recently initiated a VS program to enhance productivity of existing wells at SASB natural gas field.
• This move underscores the company’s commitment to maximizing shareholder value through operational excellence and innovative solutions.

In the world of oil and natural gas production, maximizing the efficiency of well operations is critical to maintaining profitable and sustainable operations. One of the most effective ways to optimize well performance, particularly in aging or declining wells, is using velocity strings (“VS”). Trillion Energy International (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye, recently announced that it is ramping up SASB gas field operations with the installation of velocity strings (https://ibn.fm/KLJmX).

Velocity strings are small-diameter tubing installed inside the production casing of a well, and they serve to enhance gas and liquid flow rates, thereby maintaining or even boosting the well’s production over time. Velocity strings play a crucial role in addressing one of the common challenges in oil and natural-gas production: the buildup of liquids in the wellbore. As wells age, the pressure required to lift liquids (such as water or condensate) to the surface begins to drop. This reduction in pressure can cause liquids to accumulate in the wellbore, reducing the flow of gas and leading to lower production rates or even shutting down the well entirely.

Velocity strings work by increasing the velocity of the gas flowing through the well. With reduced tubing diameter, the gas flows at a higher speed, which creates enough energy to carry liquids out of the wellbore to the surface, preventing liquid loading and helping maintain production. This simple yet effective intervention can significantly extend the productive life of a well, allowing operators to extract more hydrocarbons from the reservoir without the need for expensive secondary recovery methods.

A recent example of the importance of velocity strings can be seen in the operations of Trillion Energy, which recently initiated a velocity strings program to enhance the productivity of its existing wells at its SASB natural gas field, located offshore of Türkiye. The SASB field is a significant asset for Trillion Energy, and the company is focused on maximizing gas recovery and extending the productive life of its wells.

In September, Trillion Energy reached an agreement with its partner at SASB regarding the technical aspects of the program and was given the responsibility to conduct the VS program. As a result, the company signed a service agreement with a snubbing provider to install the velocity strings. Mobilization of the snubbing unit has begun. The proposed operation is to increase or stabilize production rates in producing wells by reducing water loading.

As reported in the company’s recent announcement, the installation of velocity strings will help mitigate the natural decline in gas production that often occurs as a well matures. By increasing the gas velocity, Trillion Energy expects to improve flow rates and extend the overall production timeline of the wells in the SASB field.

“Initially it was assumed that the VS could only be run in using a drilling rig,” said Trillion Energy CEO Arthur Halleran. “However, we have now convinced all that a snubbing unit can accomplish this activity. This has been a giant step forward. This strategic move underscores our commitment to maximizing shareholder value through operational excellence and innovative solutions in the dynamic European energy market.”

By leveraging this proven technology, Trillion Energy is well positioned to continue delivering strong production results from its offshore gas assets. Furthermore, as the global demand for natural gas continues to rise, particularly in Europe, these enhancements to well performance could play a crucial role in meeting future energy needs while maximizing returns on the company’s existing infrastructure.

Trillion Energy International is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The company holds a 49% interest in the SASB natural gas field, a Black Sea natural gas development, and a 19.6% interest (except three wells with 9.8%) in the Cendere oil field. Trillion Energy is also pursuing oil exploration in southeast Türkiye and beyond. 

For more information, visit www.TrillionEnergy.com.

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

Join us at the 4th Investigator-Initiated Trials Conference on November 11-12th at The Inn at Penn in Philadelphia, PA, where we will dive into strategies for building successful IITs. This event will focus on how to streamline study milestones, master budget forecasting, and enhance sponsor-investigator communication.

Dynamic Global Events has produced an all-new agenda that includes engaging panel discussions, keynotes, and real-world insights from industry leaders at top companies such as Sanofi, Beigene, Merck, Ipsen, Secura Bio, and many more! You will hear strategies on how to ensure global regulatory compliance, develop KPIs, and create the perfect budget for your IITs.

During the event, you can connect directly with experts shaping the future of investigator-led research. There will be designated time for audience interaction and networking to allow you to connect with industry leaders and professionals directly.

Don’t miss this exciting opportunity to drive innovation in healthcare and advance the future of IITs!

To learn more, visit https://ibn.fm/5hKcJ.

• Brera Holdings recently announced that it has signed an exclusive letter of intent to acquire an Italian second division soccer club in the Serie B pro league
• The company previously commissioned a valuation analysis that discusses Brera management’s intention to acquire professional soccer teams
• A conservative scenario contained in the analysis projects one-year 10x potential revenue growth, with accompanying implied share value increases, for Brea should it complete the potential acquisition
• A best-case scenario, in which Brera acquires a second soccer club, projects a jump in revenue of over 20x one-year post acquisition
• The report concludes by emphasizing that Brera’s future appears promising

Brera Holdings (NASDAQ: BREA) announced in September 2024 that it had signed an exclusive letter of intent to acquire another professional soccer team, this one in Serie B, the Italian second division. The company is now completing due diligence for the potential acquisition. A previously conducted investment valuation analysis (https://ibn.fm/QFukR) details the potential impact of this acquisition, and possibly others, on Brera’s revenue and valuation metrics.

The analysis, authored by S. Czerwenka, CFA, considers two potential acquisition scenarios, one conservative and the other a best case. The conservative scenario projects that should the company complete this potential acquisition or one like it, described as acquiring an Italian Serie B soccer club valued at around $22 million, the one-year post-acquisition accretive revenue to Brera would amount to about $11 million. This would elevate the company’s total annual revenue to about $12 million, representing an increase of 10x over current revenue.

In the report’s best-case scenario, wherein the company acquires two or more clubs with combined value of approximately $36 million, Brera would likely add another $13 million to its top line for a one-year post-acquisition total revenue of about $25 million, a potential 23x increase from the current level.

Considering comparable multi-club ownership (“MCO”) companies, the analysis identifies a revenue-to-enterprise-value multiple of five as best fitting Brera’s current portfolio of clubs and potential acquisition plans.

“Given the vast growth opportunities for MCO companies and the various revenue sources (from transfer fees to consulting work), a multiple of around five seems justifiable to derive a first valuation of BREA,” according to the analysis.

Applying this multiple in the conservative scenario revenue forecast, the report computes an implied stock valuation per share of:

• $3.60 in 2024
• $4.77 in 2025
• $6.49 in 2026
• $8.64 in 2027

Applying the same multiple to the best-case revenue forecast – but assuming an increase in shares outstanding to 16.2 million to account for the potential acquisition consideration — the report calculates an implied stock valuation per share of:

• $4.93 in 2024
• $6.84 in 2025
• $9.27 in 2026
• $12.33 in 2027

The valuation report concludes by emphasizing that, due to the company’s management and its strategy of identifying undervalued pro soccer clubs in first and second divisions globally, Brera’s future appears promising.

“Compared to top clubs, which can be overvalued and sometimes even part of bidding frenzies, true value is often found in the overlooked areas. And that’s exactly what Brera’s management is focusing on,” the report states.

Brera Holdings PLC is the only publicly traded company focused on multi-club ownership of international football (soccer) clubs. The company focuses on bottom-up value creation from undervalued clubs and talent, innovation-powered business growth and socially impactful outcomes.

Brera intends to expand its social impact soccer business by developing a global portfolio of emerging football and other sports clubs, providing the company with increased opportunities to earn tournament prizes, gain sponsorships and provide other professional football and sports-related consulting services. Brera currently owns or operates four football clubs in Africa, Asia and Europe, as well as a women’s professional volleyball club that competes in the Italian first division, among the top in the world.

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

To read the investment valuation analysis conducted, visit the 24/7 Market News report at https://247marketnews.com/brea-holdings-plc-cfa-analyst-report/.

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

• Uplisting can provide improved liquidity, greater access to capital, enhanced corporate profile and the ability to attract institutional investors
• Nightfood’s recent acquisition of SWC Group “marks a pivotal moment in [our] growth and NASDAQ-uplist strategy,” the company stated
• Nightfood is focused on identifying and capitalizing on explosive market trends within the restaurant service and overall hospitality sector

Uplisting to a national exchange, such as NASDAQ, is a significant milestone for many companies, symbolizing a major leap in their growth trajectory and enhancing their visibility and credibility in the financial markets. Nightfood Holdings (OTCQB: NGTF) recently took a significant step forward in its strategic efforts to uplist with the closing of its acquisition of SWC Group Inc., known as CarryoutSupplies.com (https://ibn.fm/H6FQn).

NASDAQ is widely recognized for hosting a diverse range of high-growth and future-focused companies. The exchange offers numerous advantages for companies making the transition from smaller exchanges or over the counter (“OTC”) markets. These benefits include improved liquidity, greater access to capital, enhanced corporate profile and the ability to attract institutional investors.

One of the most compelling reasons companies choose to uplist is the increased liquidity that comes with being on a major exchange. The NASDAQ provides a platform with higher trading volumes and greater market depth compared to smaller exchanges. This enhanced liquidity facilitates easier buying and selling of shares, which can help stabilize the stock price and reduce volatility. In addition, a NASDAQ listing often leads to broader analyst coverage and media attention, which can positively impact the company’s public image and attract new investors.

Access to capital is another critical advantage. Companies listed on the NASDAQ are generally seen as more stable and financially robust, which can help them secure better financing terms and raise capital more effectively. This is particularly valuable for companies looking to fund growth initiatives, such as research and development, mergers and acquisitions, or expansion into new markets.

In addition to these financial benefits, uplisting to the NASDAQ can elevate a company’s profile within the industry and among investors. The prestige associated with being listed on a major exchange can enhance a company’s reputation, making it a more attractive partner for business collaborations and acquisition opportunities. This enhanced visibility can also lead to greater investor interest and potentially drive the company’s stock price higher.

A prime example of a company looking to leverage the benefits of uplisting is Nightfood Holdings. Nightfood, a company specializing in nighttime nutrition, recently completed a significant step in its uplisting strategy by acquiring CarryoutSupplies.com. The closing of this all-stock acquisition “marks a pivotal moment in Nightfood’s growth and NASDAQ-uplist strategy,” the company stated in the announcement. “We are confident that the combined strengths of the subsidiaries currently under Nightfood’s umbrella, as well as other companies we expect to acquire in the near future, will drive long-term success and create value for all stakeholders.”

Uplisting to NASDAQ offers Nightfood significant opportunities to accelerate its growth and to deliver greater shareholder value.

With the enhanced credibility and visibility that come from being on a major exchange, Nightfood can tap into new resources to fuel its expansion into emerging markets. The increased liquidity benefits not only shareholders by providing easier buying and selling opportunities but also positions the company to attract top-tier talent that will be essential to drive the business forward.

The improved access to capital that comes with a NASDAQ listing can enable Nightfood to aggressively capitalize on growth opportunities and initiatives in the fast-changing high growth markets in which the company specializes. As a NASDAQ company, Nightfood can also benefit from increased analyst coverage and media attention that can raise its corporate profile.

This uplisting milestone strengthens Nightfood’s ability to execute on its long-term strategy and create value for investors and stakeholders alike.

Nightfood’s Sonny Wang stated, “We are thrilled to announce the successful acquisition of CarryoutSupplies.com and excited for what we believe this acquisition will allow Nightfood to accomplish. This deal not only strengthens our position in the food-service industry but also can drive immense value through operational efficiencies and the integration of complementary products and services across Nightfood’s subsidiaries.”

Nightfood Holdings is a holding company focused on identifying and capitalizing on explosive market trends within the restaurant service and overall hospitality sector. By leading newly emerging categories and seizing opportunities in markets undergoing transformational upheaval, the company’s mission is to create unparalleled upside potential in industries ripe for innovation and growth.

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

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

• Saudi Arabia aims to increase its mining sector’s contribution to the economy from $17 billion today to $75 billion by 2035, as part of its Vision 2030 initiative.
• Platinum Group Metals Ltd. has entered a cooperation agreement with Ajlan & Bros Mining and Metals Co. to explore the establishment of a platinum group metals smelter and base metals refinery in Saudi Arabia.
• The agreement includes a global market study, a definitive feasibility study and the potential formation of a 50:50 joint venture for project development.

A new, potentially enormous force is sweeping the mining industry. Gulf countries, desperate to diversify away from fossil fuels, are rerouting petrodollars to acquire vital minerals required to produce clean energy. Chief among these nations is Saudi Arabia, which aims for its mining sector to contribute $75 billion to its economy by 2035, up from just $17 billion today, according to the Financial Post (https://ibn.fm/285gC). The area has enormous potential to grow a strong mining sector with lofty goals that, if met, could completely change the face of the economy.

The transition to mining seems like a sensible move to guarantee a consistent supply of raw materials in the face of hydrocarbon’s unpredictable future, since Gulf countries earn about $400 billion in fossil-fuel income each year. Under Crown Prince Mohammed bin Salman’s “Vision 2030” initiative, mining and mineral processing are identified as key pillars of economic modernization, alongside oil, gas and petrochemicals. According to the Financial Post, this strategic focus positions Saudi Arabia to exploit an estimated $2.5 trillion in domestic mineral assets, leveraging partnerships with major entities like Saudi Arabian Oil Co. (Saudi Aramco) and the state mining group Ma’aden.

Platinum Group Metals (TSX: PTM) (NYSE American: PLG), the operator and majority owner of the Waterberg Project, has announced an important collaboration with Ajlan & Bros Mining and Metals Co. to explore establishing a standalone platinum group metals (“PGM”) smelter and base metals refinery (“BMR”) in Saudi Arabia. This agreement, structured into three distinct phases, marks a pivotal step in the company’s strategy to enhance its operational capabilities and secure a stable offtake agreement for its Waterberg Project concentrate.

Overview of the Cooperation Agreement

The cooperation agreement consists of the following phases:

1. Global PGM Concentrate Market Study: This effort includes a comprehensive analysis of potential sources for PGM concentrates that could supplement the processing of concentrate from the Waterberg Project, thereby reducing reliance on a single project, and potentially enhancing the overall smelting and refining operations.
2. Definitive Feasibility Study (“DFS”): Upon completion of the Market Study, the parties will assess the findings and may then jointly commission a DFS for the proposed smelter and BMR. The DFS is estimated to cost approximately US$4 million, with expenses shared equally between Platinum Group and Ajlan.
3. Formation of a Joint Venture: Following the successful completion of the DFS, Platinum Group and Ajlan have the option to establish a 50:50 incorporated joint venture. This venture would focus on financing, constructing, and operating the smelting and refining facilities in Saudi Arabia.

Platinum Group’s President and CEO, Frank Hallam, emphasized the strategic importance of this partnership: “The largest impediment to the development of the Waterberg Project to date has been the need to secure a concentrate offtake agreement amongst the existing South African based PGM smelters. We are pleased to work together with Ajlan to explore a smelting and refining facility in Saudi Arabia as a strategic alternative that may create an exciting path forward.”

The Global PGM Concentrate Market Study is nearing completion and is being assessed by PTM and Ajlan. The proposed DFS would assess various aspects, including infrastructure requirements, technical specifications, capital, and operational costs. The results will be critical in determining the feasibility and scalability of the smelter and BMR project.

Implications for the Waterberg Project

The establishment of a smelting and refining facility in Saudi Arabia could provide essential offtake agreements for the Waterberg Project, which has previously faced challenges in securing concentrate offtake agreements with existing South African smelters.

The Waterberg Project is a bulk underground palladium and platinum deposit located in South Africa’s Limpopo province, with plans to produce approximately 353,000 ounces of PGMs annually at an estimated capital cost of just over $600 million. 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. These direct jobs would make a significant contribution to local economic development, infrastructure growth, and foreign exchange earnings.

A trade-off study has already indicated that shipping concentrate from South Africa to Saudi Arabia could be economically viable, with shipping costs offset by lower energy and water costs.

Before Waterberg Project concentrate could be processed in Saudi Arabia, a long-term export approval to ship unrefined precious metals in concentrate from South Africa will be required. Platinum Group has engaged with the South African government to secure a long-term permit for the export of unrefined precious metals in concentrate.  As a first step, Platinum Group is working with the Government of South Africa to identify local beneficiation opportunities and to analyze the economic impact of exporting concentrate.

The cooperation agreement with Ajlan & Bros Mining and Metals Co. represents a strategic maneuver for Platinum Group Metals Ltd. as it seeks to overcome the challenges faced at the Waterberg Project and capitalize on the advantages offered by the Saudi Arabian market. This initiative not only aims to unlock the project’s potential but also to create a robust framework for future growth in the PGM sector.

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

GolfLync, the go-to app for connecting golfers with games and other players, is evolving yet again! As the community continues to grow, so does the app’s commitment to providing fresh and innovative features to enhance the overall user experience. With their latest update, GolfLync is introducing the “Top Player Lyncs” feature, along with several other enhancements that are set to make finding the perfect game easier than ever.

Top Player Lyncs: Elevating the Golfer’s Network

The all-new Top Player Lyncs feature is designed to put together the best possible matches between users in the GolfLync community. Whether you’re looking to challenge yourself against top-tier players or network with local, casual golfers, this feature highlights the most active and ideally matched members of the app, making it easier for users to connect with players who match their skill levels and preferences. The system uses GolfLync’s performance data and profile metrics to ensure that users are linked with the best players for them, creating the ideal environment for enjoyable games and forming meaningful connections.

Major Layout Changes for a Seamless User Experience

In response to valuable user feedback, GolfLync has also undergone major layout changes to improve the overall user experience. The updated design simplifies navigation, making it easier for users to find and join games, connect with other golfers, and customize their profiles. These enhancements create a more intuitive and enjoyable experience, ensuring that golfers can spend less time navigating the app and more time playing the game they love.

Streamlined Game Scheduling

Alongside the Top Player Lyncs feature and layout improvements, GolfLync has introduced more streamlined game scheduling tools. Users can now quickly find and join available games with just a few taps, and setting up your own game has never been simpler. By refining the scheduling interface, GolfLync ensures that you spend less time organizing and more time playing.

A Growing Community, Tailored to Every Golfer

GolfLync’s latest updates are a direct response to feedback from the community, ensuring that the app stays relevant and useful for golfers of all levels. Whether you’re a weekend enthusiast or a seasoned player looking for serious competition, the app’s new features are designed to enhance the social and competitive aspects of golf.

With the rapid growth of the GolfLync community, these updates reflect the app’s ongoing commitment to providing users with cutting-edge tools to meet new golfers and discover new playing opportunities.

So, get ready to up your game with Top Player Lyncs and other new features in the GolfLync app! Download the latest update now and experience the future of social sports.

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 GolfLync are available in the company’s newsroom at https://ibn.fm/GOLF

Noble Capital Markets is set to host its 20th annual NobleCon, celebrating its 40th anniversary, and it promises to be a must-attend event for investors and entrepreneurs alike. Taking place on December 3rd and 4th at Florida Atlantic University in Boca Raton, this emerging growth equity conference will feature esteemed investors like Robert Herjavec, Daymond John and Kevin O’Leary.

With around 200 senior executives from public companies sharing their stories and insights, attendees will gain valuable perspectives on potential investment opportunities. NobleCon has helped countless investors over the years find hidden gems in the market.

Whether you’re a seasoned investor or just starting out, this event offers a unique platform to connect with industry leaders and discover innovative companies poised for growth. As Noble Capital Markets puts it, “If you’re looking for the next Apple, this is your orchard.”

Want to know why NobleCon is the must-attend event for investors? Hear it straight from Robert Herjavec: https://youtu.be/T-nm2G0HW1s

To register, visit: https://nobleconference.com

• Results include high-definition recognition of mineralization in the drill core submitted, showing sulphide mineralization and mineralized inclusions in waste rock.
• TOMRA’s X-ray transmission technology separates material based on atomic density and has an impressive track record.
• By removing waste rock early in the processing cycle, Renforth expects to reduce the amount of material processed.

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) has released key information regarding an initial test of materials from the company’s Quebec-based Victoria critical minerals polymetallic system. According to the company’s latest shareholder update, the test has been successfully completed at the TOMRA Mining Test Centre in Wedel, Germany (https://ibn.fm/UVfay).

“Results include high-definition recognition of mineralization in the drill core submitted, showing sulphide mineralization and mineralized inclusions in waste rock,” reported Renforth, an active mineral exploration company engaged in exploring and developing multicommodity mineral properties in Canada. “The recognition of waste rock and the detection of an EM signal of conductivity from the mineralized particles allows additional separation potential.”

Renforth chose TOMRA’s X-ray transmission technology to conduct the testing; the tech separates material based on atomic density and has an impressive track record, with numerous customer success stories (https://ibn.fm/SFlnI). In addition, the technology is currently in use at Quebec’s Renard diamond mine.

“At Renard, X-ray transmission is utilized in their recovery circuit, a proven application of the same technology, which has been successful with Victoria’s mineralization,” Renforth noted in its shareholder report. “Renforth’s nonexecutive director, John Webster, has successfully tested and implemented TOMRA technology in Russia, the UK, and Australia, and is currently testing ores from Saudi Arabia, recognizing the transformative impact it could have at Victoria.”

Company officials noted that proving that mineralized and nonmineralized material from its Victoria location can be sorted provides Renforth with “a way to streamline future operations, reducing costs and the environmental impact of a future operating scenario by implementing pre-concentration. 

“By removing waste rock early in the processing cycle, Renforth expects to reduce the amount of material processed, which will be at a higher grade than ROM material, resulting in lower Capex and cost in building out the processing capacity,” the company continued. “Sorting also means a significant reduction of the project’s environmental impact, with less electricity required, less water used and a reduction in the chemicals required to liberate the metal contained within Victoria’s polymetallic material by processing less material.”

The shareholder report also pointed out that notable reductions in material being processed results in a significant reduction in the size of the tailing’s facility as well as associated environmental costs. 

According to the announcement, Renforth plans to continue the testing process by obtaining a much larger sample. After crushing and screening it, the company will ship the sample to TOMRA for performance testing designed to evaluate and analyze separation performance and process, as well as establish the expected sorter performance and throughput and an eventual process flow sheet.  

Renforth is a battery metals area player with the dominant brownfield land position south of the world-class Cadillac-Larder Lake Fault in the prolific Cadillac and Malartic mining camps of Quebec’s Abitibi. Offering exposure to gold, zinc, nickel, copper, cobalt and more, including lithium, Renforth’s land position encompasses several areas of interest. 

Renforth’s position is unique in that both the battery metals mineralization within the Malartic Metals Package (“MMP”) and its gold deposit at Parbec are road accessible, with hydro power crossing the property, in an established and secure mining jurisdiction, which regularly ranks as top 10 in the world (as determined by the Fraser Institute).

For more information, visit www.RenforthResources.com.

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

Gold has been surging in popularity and value. Just this year, the precious metal has increased by approximately 28%, reaching a peak of more than $2,680 per ounce. In addition to Federal Reserve rate cuts and central bank purchases across emerging markets, the prospect of new financial sanctions imposed by the U.S. and growing concerns about the national debt could provide additional momentum for gold as many analysts forecast prices will continue to set new all-time highs.

In the current market landscape, gold stands out as a strategic hedge against both geopolitical and financial risks, making it an attractive option for investors seeking stability and potential growth in an uncertain economic climate. With its combination of rising demand and strong market fundamentals, countless investors are now taking a serious look at gold for the very first time.

Amidst this backdrop, companies like McEwen Mining (NYSE: MUX) (TSX: MUX) are poised to benefit from increased investor interest in precious metals.

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX): A Gem in the Mining Sector

McEwen Mining Inc. is a gold and silver producer with operations across the Americas, including Nevada, Canada, Mexico, and Argentina. In addition to its core business of precious metals, the company has significant exposure to copper through its 48% ownership of McEwen Copper, a subsidiary responsible for the advanced-stage Los Azules project in Argentina. Led by Rob McEwen, a seasoned mining veteran with a personal investment of $225 million, McEwen Mining is establishing itself as a significant player in the critical minerals space.

The company’s vision is simple: maximize asset productivity, improve profitability, and ultimately increase share value while offering returns to investors. With a seasoned leader at the helm, a diverse portfolio, and a keen focus on sustainability, McEwen Mining stands poised to unleash significant value, offering investors a golden opportunity to tap into an underappreciated gem.

A Strong Leader with a Proven Track Record

The success of McEwen Mining is closely tied to Rob McEwen, who is not just the company’s chairman but also its largest shareholder, holding a 16% ownership stake in McEwen Mining and 13% in McEwen Copper. McEwen’s reputation in the industry stems from his previous success at Goldcorp, where he helped grow the company’s market cap from $50 million to over $8 billion. With McEwen’s hands-on approach, alignment of interests with shareholders, and a strong commitment to innovation, the company benefits from leadership that is both invested in and focused on long-term value creation.

Focus on Critical Commodities for Emerging Sectors

McEwen Mining is uniquely positioned to benefit from the growing demand for critical minerals in sectors like artificial intelligence (“AI”), renewable energy, and high-tech infrastructure. With gold, silver, and copper playing essential roles in the AI industry, McEwen Mining stands to capitalize on the increasing need for these materials.

• Gold: Known for its exceptional malleability and resistance to corrosion, gold is crucial in the production of intricate electronic components, including those used in AI systems. Gold’s durability ensures reliable electronic connections, vital for continuous operation.
• Silver: Often overshadowed by gold, silver plays a pivotal role in the tech world, particularly in sensors and data storage. Additionally, its importance in solar energy solutions makes it a critical resource in sustainable technology, which is increasingly being integrated into AI infrastructure.
• Copper: As the backbone of electrical wiring and infrastructure, copper’s high conductivity is essential in powering data centers and AI servers. The company’s Los Azules copper project is one of the largest undeveloped copper deposits globally and could play a crucial role in supporting the infrastructure for AI and renewable energy systems.

This diversified exposure positions McEwen Mining to benefit from the growing demand across multiple industries, offering investors both stability and potential growth.

Financial Turnaround and Profit Growth

Recently reporting its highest quarterly gross profit since 2016 (https://ibn.fm/vhCcg), McEwen Mining is clearly on an upward trajectory, showing strong operational improvements. The quarter saw a 38% increase in revenue, leading to a gross profit of $10.8 million and Adjusted EBITDA of $7.2 million—an impressive improvement over the same quarter in 2023. This growth was largely driven by rising gold prices and improved operations at the Gold Bar mine and Fox complex. Despite challenges like increased production costs, McEwen Mining’s ability to boost revenue and maintain operational efficiency demonstrates a resilient business model.

Investors should also take a close look at McEwen Copper’s increasing value—most recently reported at an implied value of $947 million (https://ibn.fm/zp2KL)—making McEwen Mining’s 48% interest nearly equal to its entire market capitalization.

The Los Azules Project: A Game-Changer

Located in Argentina, McEwen Copper’s Los Azules project is the 8th largest undeveloped copper resource globally and expected to significantly boost McEwen’s future value. Recent developments include an agreement with YPF Luz to power the project entirely with renewable energy, aligning with McEwen’s commitment to sustainable mining practices. This partnership not only reduces the environmental impact of the project but also places McEwen at the forefront of responsible resource extraction—a crucial factor as the world shifts toward greener energy sources.

The renewable energy agreement with YPF Luz involves connecting the Los Azules site to the Argentine national power grid, ensuring that the project will be powered by 100% renewable sources. This initiative strengthens McEwen Mining’s reputation as a forward-thinking company, committed to sustainability in a sector often criticized for its environmental footprint.

As demand for critical minerals and precious metals continues to grow, McEwen Mining’s combination of assets positions it as a compelling investment opportunity. With its proven leadership, diverse portfolio, and commitment to sustainability, now is the time for investors to take a closer look.

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