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Copper-Gold Mining Sector Set to Gain as Torr Metals Inc. (TSX.V: TMET) Announces $600K Private Placement Amid Interest Rate Cuts

  • Torr Metals’ $600,000 private placement is strategically aimed at advancing its Filion Gold Project in Ontario, positioning the company to capitalize on rising metal prices driven by the U.S. Federal Reserve’s rate cuts, a move that benefits the Company’s diversified gold and copper portfolio.
  • The funds will support ongoing exploration at Filion, where promising untested kilometer-scale gold-in-soil anomalies and drill-ready targets present strong discovery potential adjacent to the Trans-Canada Highway.
  • Investors can participate through both flow-through shares, which offer tax benefits, and non-flow-through units with the added upside of future gains through warrants, making it a compelling opportunity to back a project poised for significant growth.

As the Federal Reserve continues to take steps to lower interest rates, the mining sector, particularly copper and gold, is poised to benefit. Torr Metals Inc. (TSX.V: TMET) has taken advantage of this market environment by announcing a non-brokered private placement, seeking to raise up to $600,000 Canadian. The proceeds will be dedicated to the exploration and development of the Filion Gold Project in Ontario, focusing on advancing its already established high-potential gold targets and expanding on existing gold-in-soil anomalies that have never been tested by drilling.

Interest rate cuts typically have a positive impact on metal prices. Lower interest rates make borrowing cheaper, stimulating economic activity and increasing demand for industrial metals used in manufacturing and construction. This increased demand can lead to higher metal prices. With the recent half-point rate cut, the market is primed for metal price increases, which could benefit companies like Torr Metals.

Earlier in the month, Bank of Canada cut its benchmark interest rate 25 basis points to 4.25%. Governor Tiff Macklem indicated that weak gross domestic product could result in additional cuts. Canada’s main bank makes its next decision on Oct. 23, 2024.

Torr’s decision to issue flow-through and non-flow-through shares comes at a strategic time. The 2,142,857 flow-through shares, priced at $0.14 per share, will provide tax advantages to Canadian investors, while the 3,000,000 non-flow-through units will be accompanied by a half warrant exercisable at $0.20 per share, offering additional upside potential should the stock continue its upward trajectory.

With its 100% owned Filion and Kolos projects strategically located with direct access to highways, powerlines, railroads, and nearby major mining infrastructure, Torr Metals is ideally positioned to capitalize on the growing demand for both gold and copper. The company’s established road-accessible exploration portfolio includes six undrilled orogenic gold and three copper-gold porphyry centers as targets that offer significant new discovery potential, this comes at a pivotal time as gold historically performs well in low-interest-rate environments while copper plays a critical role in renewable energy technologies and electric vehicles. The industry is beginning to realize the desperate need for fresh discoveries that are in short supply, as major new gold and copper discoveries become increasingly rare worldwide with reserve growth over the past decade largely coming from aging deposits. In this environment, Torr Metals’ robust pipeline of early-stage assets with major discovery potential provides a strong foundation for the company to capitalize on rising global demand for these critical metals.

Torr Metals is actively working to establish the next major gold exploration frontier in Northern Ontario at the drill-permitted Filion Gold Project, which shares remarkable geological similarities with the prolific Hemlo gold camp to the south. Situated in Northern Ontario’s Wawa Terrane, Filion provides a highly promising environment for discovery, featuring large-scale shear zones and structural controls akin to those that contributed to Hemlo’s impressive 21-million-ounce yield1. In its maiden 2023 exploration, Torr identified six undrilled parallel gold soil anomalies across a 2.5-kilometer-wide corridor, with strike lengths extending up to 1,200 meters. With the majority of the area’s structural and stratigraphic contacts—favorable for concentrating precious metal deposits—yet to be tested, Torr plans to expand its exploration efforts to uncover additional high-potential targets before launching a planned drill program. This approach could mirror the early stages before the first discovery hole that led to the formation of the world-class Hemlo gold camp.

As central banks lower interest rates, the environment becomes increasingly favorable for metals, enhancing the appeal of investing in early-stage exploration mining companies like Torr Metals, which bring innovative ideas to the table. The combination of strategic financing, robust exploration potential, and a favorable macroeconomic environment creates a unique landscape for investors eager to capitalize on the next wave of mineral exploration. By focusing on innovative companies poised for discovery, investors can position themselves advantageously in a market where new finds will drive future value.

1Information and comparisons disclosed is not necessarily indicative of precious metal endowment or future assays on the Filion Project.

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

GolfLync Inc. Is ‘One to Watch’

  • The company’s smartphone app, GolfLync, is available for iPhone and Android devices and matches golfers looking for a game.
  • GolfLync is a social network for golfers, providing engagement tools such as likes, comments, chats, video sharing, friend and group notifications and tee time matching.
  • GolfLync is seeing viral growth, with virtual golf groups forming across the country and inviting members at a grass roots level.
  • In 2022, the number of people participating in golf in the United States reached 25.6 million.

GolfLync matches golfers looking for a game through the company’s smartphone app, GolfLync. The company bills GolfLync as the “Tinder for Golf,” matching golf games and players similar to the way a dating app matches those looking for romance.

The app allows like-minded golfers to connect for a game simply by logging in. GolfLync helps golfers who are looking to grow their golf network find other players with similar interests and on course preferences. Whether you have recently moved to a new area and are looking for new golfing buddies, travel frequently and would like to play a round of golf while on the road, or just want to meet new golfers in your area, GolfLync is your answer. Spouses who enjoy golfing together can find other golfing couples to tee it up with. For a regular group that finds itself unexpectedly down a player, GolfLync can help find that last-minute addition to complete the foursome.

The company is based in Scottsdale, Arizona.

GolfLync App

GolfLync was created for golfers of all skill levels and preferences to connect with compatible players of similar skill and interests. Golfers can find a tee time through GolfLync, join existing tee times and create new leagues. The app allows golfers to meet fellow players before committing to spend four hours on the course with them. GolfLync allows users to find new golf friends based on their preferences, such as walking or riding a cart, listening to music, friendly wagering, imbibing a favorite beverage at the 19th Hole and more. GolfLync is available for both Android and iOS as a free download.

Market Opportunity

According to a report by Statista, a leading provider of market and consumer data, in 2022, the number of people participating in golf in the United States reached 25.6 million, with 15.5 million additional players participating in off-course activities like driving ranges. In 2020, over 502 million rounds of golf were played in the U.S. alone. The game, traditionally dominated by male players, is changing, with increased interest from women golfers driven by social media influencers around the game.

Lumen Sports puts the total number of golf courses in the U.S. at more than 16,700. According to Lumen, about 75% of those are public courses open to all golfers, with the rest considered private golf clubs that require a membership.

Management Team

Noah DiPasquale is a co-founder and CEO of GolfLync Inc., leading the marketing and operations of the platform. He is also the founder and CEO of Epic Golf Club, a premier national membership and private golf society which partners with hundreds of top tier private golf clubs allowing Epic members access to their courses and recently founded the Epic Foundation, a Scottsdale-based 501c3. He holds a B.S. in Business Administration, Management and Operations from the W.A. Franke College of Business at Northern Arizona University and an MBA in Marketing from the University of Phoenix. Marquis Who’s Who Top Business Profile

Michael Quiel is a co-founder of GolfLync Inc. and the President of the organization. He leads the application development and research teams. Michael understands how to build successful companies. His deep knowledge of investment banking, finance and building successful business partnerships is unparalleled. He’s an expert at capital formation and growth hacking companies. He has raised over $250 million in capital and taken multiple companies public.

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

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

Comparing Flip and GolfLync: A Deep Dive into Social Commerce and Investment Opportunities

Investors looking for an opportunity may want to consider the rapidly evolving world of social commerce and app-based networking. In fact, taking a closer look at two players in the space — Flip and GolfLync — can show the real potential social media offers.

“Are social media networks still worthy investments? While there are naysayers who believe that the investment hype in networks like Facebook, Snapchat, and Pinterest is all but over, that is hardly the case,” reports Investopedia (https://ibn.fm/CES22). “The days of being able to invest in social media leaders such as Facebook and watching those investments climb into the stratosphere may have passed, but that does not mean that other opportunities are not lurking around the corner. But savvy investors are aware of this and know how to navigate the investment landscape.”

Flip and GolfLync offer ideal case studies that savvy investors might be looking for. Flip, a social commerce platform, has made significant strides since its early days, while GolfLync is now where Flip once was — a promising venture on the brink of potentially significant growth.

Flip: From Startup to Social Commerce Powerhouse

Released in 2021, Flip has carved out a notable space in the social commerce landscape. “With Flip, users can purchase items, create TikTok-style video reviews and earn money when others buy products based on their content or through referrals,” an Adobe article observes (https://ibn.fm/0WpiI). “This unique blend of shopping, content creation and rewards has created a highly engaging and interactive user experience. Its innovative approach integrates social networking with e-commerce, allowing users to shop directly through social interactions and content. This model has resonated with consumers, providing a seamless shopping experience that combines social engagement with transactional convenience.”

Earlier this month, Flip announced that it would be relaunching its marketing platform for brands utilizing AppLovin’s AXON technology (https://ibn.fm/mM3i5). The company also announced it is raising $144 million in a Series C funding round, including a $50 million investment by AppLovin. According to the announcement, the funding was led by Streamlined Ventures with participation from previous investors Mubadala Capital and WestCap and with AppLovin as a new investor, bringing the company’s premoney valuation to $1.05 billion.

GolfLync: A Platform Poised for Growth

GolfLync, on the other hand, is an emerging social app initially focused on the niche market of golf enthusiasts (https://ibn.fm/VRTd0). Originally launched with the goal of creating a community-driven platform for golfers, GolfLync combines social networking with features tailored to the sport, such as event coordination, performance tracking and golf-related content sharing.

In less than a year, GolfLync has been downloaded more than 155,000 times, representing 3000% growth in 2023. The app’s market fit, proven user acquisition, traction and experienced executive team make it an investment worth looking at closely. In addition, GolfLync is now building on its initial success and expanding its platform to additional high-growth sports under the SportLync brand.

With huge market potential — more than one billion athletes and gym goers around the world — the company is initially looking to create a foothold in tennis and pickleball, two of the fastest-growing sports in the world. The same member-matching algorithms, discovery features, clubs and games that made GolfLync successful enable the company to cost-effectively scale into these emerging markets under its broader SportLync umbrella.

GolfLync is currently in a stage reminiscent of Flip: a promising startup with a unique value proposition. As of 2024, GolfLync is valued at approximately $83 million. This valuation reflects its early-stage status, its potential for growth and the niche markets it serves. While the numbers may be lower than Flip’s current valuation, it underscores the investment opportunity GolfLync represents.

Investment Opportunities: The Flip-GolfLync Parallels

A comparison between Flip and GolfLync reveals intriguing parallels. When Flip was in its early stages, it was also a relatively small player with significant growth potential. Investors who recognized Flip’s potential early benefitted as the company scaled and evolved into a major social commerce platform. GolfLync now represents a similar opportunity — a chance to get in on the ground floor of a platform looking to capitalize on the expanding market for social commerce and niche social networking apps.

“With an ever-increasing number of social media networks putting their own spin on social engagement, the potential opportunities provided by such companies to deliver high returns for investors cannot be denied,” Investopedia concludes. Flip and GolfLync are ideal examples of this philosophy in action.

While both social media apps serve different markets and are at different stages of development, GolfLync presents a compelling investment opportunity with the potential of following a trajectory similar to Flip. With its current valuation providing a potential entry point before significant scaling, GolfLync is poised to attract attention from investors looking to capitalize on the next big success in social commerce and networking.

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

As GolfLync transitions from a niche golf networking app to a comprehensive sports social platform, the opportunities for growth and innovation are significant. The company is currently raising capital via a Regulation CF offering. To learn more or invest, click here.

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

SuperCom Ltd. (NASDAQ: SPCB) Secures 5th Government EM Contract for Domestic Violence Offender Monitoring

  • Electronic monitoring (“EM”) technology is becoming a popular go-to means of tracking the movements of crime suspects, including domestic violence (“DV”) offenders, while they remain unjailed and free to continue productive activity in society
  • SuperCom Ltd., a secure solutions provider for the e-Government, IoT and Cybersecurity sectors, is competitively marketing its PureSecurity EM platform to government clients who need SuperCom’s resources for parole and probation supervision
  • SuperCom recently announced it has secured its fifth national contract in Europe to provide supervised monitoring of domestic violence suspects and an effective alert system for DV victims
  • Analysts forecast Europe’s average daily caseload of individuals monitored with EM will increase from 64,000 people to 94,000 between 2023 and 2028

Electronic monitoring (“EM”) technology is increasingly being deployed as a public safety solution that has the potential to ease the concerns of governments and citizens alike around the world. Using a variety of modern technologies, law enforcement and other safety institutions are able to track the movements of individuals identified as criminal suspects while those suspects remain free from incarceration and interact with society.

Riding the wave of the EM technology market’s growth, SuperCom (NASDAQ: SPCB) and its PureSecurity suite of EM solutions have built a strong reputation for providing products and services that help criminal justice systems monitor the movements of offenders and suspects. 

SuperCom announced recently (Sept. 23) that it has secured a new three-year national contract with government officials in Europe to monitor domestic violence (“DV”) suspects, providing vulnerable victims and authorities with a level of assurance that they’ll be notified if the offender is anywhere in their vicinity, allowing authorities to react promptly and enabling victims to take measures to enhance their safety.

The contract marks the company’s fifth compact with a national government office in Europe to provide domestic violence subject monitoring capabilities in the European Union (“EU”) region. This marks SuperCom’s continued expansion in Europe, where it has already deployed a substantial number of units, outpacing its competitors and solidifying its position as a leader in domestic violence monitoring solutions.

“Winning our fifth national domestic violence contract in Europe is a testament to the trust governments place in our technology and our commitment to enhancing public safety,” SuperCom President and CEO Ordan Trabelsi stated in the company’s announcement (https://ibn.fm/5tSea). “Our DV monitoring solution offers real-time tracking, communication and security, providing authorities with a powerful tool to improve the protection of vulnerable individuals and promote offender accountability.”

SuperCom continues to establish its competitiveness in a small, niche market as it gains successive monitoring technology contracts in Europe and the United States.

Research and Markets analysts’ report on the electronic monitoring market last year noted that Europe was undertaking an average daily caseload of 64,000 individuals being monitored through EM technology, while the analysts found 518,000 being monitored in North America on a daily average basis. The analysts forecast that those numbers will grow to 680,000 in North America, and the United States was managing an average daily caseload of 518,000 individuals being monitored through EM technology, while the analysts found 64,000 being monitored in Europe on a daily average basis.

The analysts forecast that those numbers will grow to 680,000 in North America and 94,000 in Europe by 2028. They also expect the market to grow with a five-year CAGR of 7.2 percent to a value of $2.3 billion by 2028 when Europe and North America’s sectors are combined with the EM sector in Latin America (https://ibn.fm/uXLce).

Domestic violence intervention is a significant client use case for EM technology. The PureSecurity platform transmits information on a monitored subject’s whereabouts in real time, not simply on a flat geographical footprint but with elevation data as well to deliver a more 3-D perspective for apartment dwellers and office workers. The system then notifies victims via cell phone if an alert to an offender’s location is needed.

“The new contract represents a significant step in enhancing domestic violence prevention and intervention capabilities in this EU region,” SuperCom’s announcement states.

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

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

Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF) Launches Second Phase of 2024 Drill Campaign at Flagship Thundercloud Property

  • The second phase of Dynasty’s drill campaign will cover the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024, and will focus on testing the West Contact Zone, south of Pelham.
  • Phase 1 drill results confirmed grades of up to 24.53 g/t within a broad zone of mineralization in the Eastern Pelham Zone.
  • Typical intercepts at the property ranged between 50m and 160m averaging between 1 and 8.4g/t gold with narrower, higher-grade intervals of 3m to 12m between 10 to 65 g/t.
  • The company is preparing an additional drilling phase late 2024 or early 2025 to test for down-dip extensions to the mineralization, particularly in the Eastern Pelham Zone.

Dynasty Gold (TSX.V: DYG) (OTC: DGDCF), a Canadian mineral exploration company currently focused on gold exploration in North America with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and the Midas gold camp in Nevada, announced the launch of Phase 2 of this year’s exploration program at flagship Thundercloud Property.

Located in one of the most prolific mining areas in North America – in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometers southeast of Dryden in northwestern Ontario, Thundercloud has been shown to have high-grade gold deposits, as confirmed by the first phase of the 2024 program and previous drilling campaigns in 2022 and 2023.

Phase 1 drill results released in September confirmed grades of up to 24.53 g/t within a broad zone of mineralization in the Eastern Pelham Zone. “These high-grade assay results have significantly expanded the resource (NI 43-101 Resource Estimate Report, September 2021) in tonnage and grade,” said Ivy Chong, president and CEO of Dynasty Gold Corp. “With additional drilling this fall and into next year, and gold trading above $2,600 an ounce, we anticipate the resource model could expand considerably when the NI 43-101 Resource Estimate Report is updated.”

Drilling at the Pelham Zone, in the central portion of the property, has delineated a zone of mineralization over a strike length of 450m and vertical extent of 150m to 200m. “Drilling on the property in the last two years are shallow holes of less than 250 meters (‘m’). Mineralization is open at depth and along strike and 90% of the property has not been systematically explored, providing excellent potential for resource expansion,” Chong added.

Typical intercepts at the property ranged between 50m and 160m averaging between 1 and 8.4g/t gold with narrower, higher-grade intervals of 3m to 12m between 10 to 65 g/t.

Selected Results with Assays Above 10 g/t Gold 

  • Hole DP22-02
    65.2 g/t over 3m between 190.5m and 193.5m
  • Hole DP22-03
    50.3 g/t over 9.5m between 118.5m and 125m
  • Hole DP23-01
    19.3 g/t over 3m between 162m and 165m
    18.3 g/t over 3m between 184.5m and 187.5m
  • Hole DP23-03
    10.4 g/t over 6m between 147m and 153m
  • Hole DP23-04
    11.1 g/t over 12m between 109.5m and 121.5m
  • Hole DP23-10
    11.2 g/t over 3m between 52.5m and 55.5m
    18.1 g/t over 3m between 69m and 72m
  • Hole TC24-02
    11 g/t over 2m between 112m and 114m

The second phase of the campaign will cover the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024, and will focus on testing the West Contact Zone, approximately 500m to 2,000m south of Pelham. Recent reprocessing of magnetic and IP data indicated the existence of similar trending coincident magnetic and chargeability highs in the West Contact Zone as in Pelham.

Dynasty Gold is now conducting a reinterpretation of structural controls for mineralization intersected in the first phase drilling in the Pelham Zone. After this review, the company expects to run an additional phase of drilling later this year or in early 2025 to test for down-dip extensions to the mineralization, particularly in the Eastern Pelham Zone where the 2022 and 2023 drilling programs confirmed the high-grade core to the mineralization.

For more information about the company, visit www.DynastyGoldCorp.com, and see its Investor Presentation at https://ibn.fm/5FXv9.

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

SOBRsafe Inc. (NASDAQ: SOBR) Announces Moves Undertaken to Ensure Sustained Financial Success Based Upon Recent Positive Results

  • SOBRsafe CEO and Chairman Dave Gandini recently provided a video update discussing the company’s plans to achieve sustained financial success and build a global legacy
  • The company intends to regain compliance with Nasdaq’s listing requirements by effecting a reverse stock split and issuing a new capital raise to exceed the minimum stockholders’ equity threshold
  • Retaining its Nasdaq listing is seen as critical to attract and raise capital to continue building operations
  • The company has added 35 new accounts in the first and second quarter of the 2024 fiscal year
  • SOBRsafe is also implementing robust sales and marketing strategies to present its suite of products to more potential customers in the behavioral health sector

SOBRsafe (NASDAQ: SOBR), a company leveraging its advanced next-generation transdermal alcohol detection technology to empower recovery, recently shared a video update from CEO and Chairman Dave Gandini. In the update, Gandini discussed the company’s approved compliance strategies to ensure continued listing on the Nasdaq Capital Markets (https://ibn.fm/Uy9XX).

“Continuing Nasdaq compliance and maintaining our listing is a top priority above all else. Why? First, we are committed to providing our investors with a clear path to growth, value and liquidity, which requires that Nasdaq listing. With our continued listing and growth, we will attract affordable capital,” said Gandini.

According to Gandini, the company has until October 23 to comply with the minimum bid price requirement. And in line with this requirement, the company plans to pursue a reverse stock split, following approval by an overwhelming majority (87%) of its shareholders. The company also has until October 23 to “demonstrate long-term compliance with the required minimum of $2.5 million in shareholder equity.” According to Gandini, the company hopes to address this requirement through a yet-to-be-announced capital raise.

Gandini also talked about the company’s sales and marketing strategies, noting that SOBRsafe has been focusing its sales efforts primarily on the behavioral health market since late last year. By focusing on this market, Gandini explained, the company aims to “reduce costs, streamline operations, improve outcomes, and save lives.”

The company develops and sells a passive, preventative alcohol screening device called the SOBRcheck(TM) and a continuous alcohol monitoring wristband called SOBRsure(TM). SOBRcheck is fitted with two sensors, one of which scans biometrics data from a user’s fingerprint, with the other detecting any alcohol excreted from the pores in the tip of the finger. The device is powered by the SOBRsafe software platform, which relays results in real time, improving employee throughput at point-of-care facilities. The SOBRsure(TM) device is equally configured to provide app-based reporting via the SOBRsafe platform, supports GPS tracking, and sends removal alerts.

“In 2024, and consistent with our strategy, we have now established our technology, with our first revenue-generating customers in behavioral health growing to 35 accounts in the first and second quarters of this year. In addition, we entered the equivalent verticals in Australia and New Zealand and are gaining traction through a channel partner that we are very excited about. Finally, further international expansion is underway,” Gandini continued.

The company is also keen on marketing its behavioral health solutions to even more facilities and potential customers and has launched a national B2B marketing campaign. “Now that we’ve achieved the behavioral health validation I described earlier, we are at a version of that same commercial evolution. We are working with national communication leaders to rapidly build the SOBRsafe brand,” he remarked.

Gandini noted that the campaign, which draws national agencies across public relations and digital and social media marketing, is designed to capture over four million projected views in the next year and present the company’s suite of hardware and software products to more than 45,000 behavioral health decision makers in the U.S. (https://ibn.fm/N4Fie). “We believe that our approach will increase demand, drive sales and gain market share for us in the fourth quarter and into 2025,” conveyed Gandini.

SOBRsafe believes that its strategy, as discussed in the update, will enable it to achieve sustained financial success, increase shareholder value over the long term, and build a global legacy. And this depends on a cascade of related factors. “First to significantly grow sales, we must invest in national marketing, and we are well on our way. Second, to empower this investment, we must acquire additional capital. Third, to attract this capital, we must retain our Nasdaq listing. And finally, to retain our Nasdaq listing, we are required to split the stock,” Gandini concluded.

To view the video update, visit https://ibn.fm/3RsiG.

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

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

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Ideally Positioned as Hybrid-Fueled Surge in PGM Demand Creates Key Opportunity

  • Reuters reports that “a surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals.”
  • While the global supply of platinum and palladium has been relatively stable, the increase in demand from the automotive sector is expected to create supply pressures.
  • Platinum Group Metals Ltd., a prominent player in the PGM space, is well positioned to capitalize on this trend.

The automotive industry’s shift toward hybrid and electric vehicles (“EVs”) is reshaping numerous sectors, including the precious metals market. A recent Reuters article highlights how this transition is driving the demand for platinum group metals (“PGMs”), a trend that is poised to benefit key industry players such as Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM).

“A surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals (“PGMs”) in the coming years, similar to the extended lifespan now predicted for coal,” reported Reuters, in an article titled “Hybrid Cars Throw Lifeline to Platinum Metals.”

The article noted that PGMs had been facing a decline in demand because their main use has been to clean auto exhaust, a process that is not needed in pure EVs. However, “a tapering in growth of EV sales, and a surge in demand for hybrid cars that need catalytic converters to curb pollution, have given PGMs a new lease on life that could put a floor under prices and keep some mines open longer,” the article continued.

According to Reuters, the rise in hybrid car production is providing a significant boost to the platinum market. PGMs, including platinum, palladium and rhodium, are essential for the catalytic converters used in these vehicles. These metals facilitate the chemical reactions that convert harmful exhaust gases into less-dangerous emissions. With hybrid vehicles becoming more prevalent, the demand for these metals is growing.

Platinum, in particular, is gaining renewed importance in the automotive industry. As hybrid vehicles become more advanced, the need for high-performance catalytic converters is increasing. Platinum’s unique properties — its catalytic efficiency and resistance to high temperatures — make it a preferred choice for these applications.

The Reuters article notes that while the global supply of platinum has been relatively stable, the increase in demand from the automotive sector is expected to create supply pressures. This imbalance between supply and demand is driving up platinum prices, which in turn impacts the broader market for PGMs.

Platinum Group Metals Ltd., an up-and-coming player in the PGM space, is well positioned to capitalize on this trend. The company is engaged in the development of the Waterberg Project in South Africa. This project is strategically aligned with the growing demand for platinum and other PGMs, as it aims to produce large quantities of these crucial metals.

The shift toward hybrid vehicles is not only transforming the automotive industry but also creating significant opportunities in the precious metals market. By expanding its production capabilities and capitalizing on the growing market, Platinum Group Metals Ltd. is looking to benefit from the increase in PGM demand, potentially driving substantial growth and success in the evolving landscape of sustainable transportation.

For more information, visit the company’s website at 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

Octane’s MedTech Innovation Forum (‘OMIF’) Presents Latest Innovations in Medical Technology

Octane’s MedTech Innovation Forum in Irvine, CA. The event will be held from October 8, 2024, through October 9, 2024. The event floor will be graced by eminent dignitaries presenting insights into how technologies such as artificial intelligence and other innovations can shape the future of healthcare.

Why Attend?

  • Understand the groundbreaking shifts brought about by using innovative technologies in medicine and healthcare
  • Learn the leaps and advances made in mental health and neuroscience
  • Find out about space-based pharma manufacturing
  • Discover innovations in regenerative medicine
  • See how AI could shape the future of diagnostics and patient care

Josh Makower, M.D, Professor of Medicine & Bioengineering, Director & Cofounder of Stanford Byers Center for Biodesign at Stanford University School of Medicine, Founder & Exec Chairman of ExploraMed, will preside over the MedTech Innovation Forum as a keynote speaker.

The forum brings together industry pioneers, medical professionals, thought leaders, entrepreneurs, and new learners for two days of education, networking, discoveries, and collaboration. Participants can attend the keynote speaker sessions, and discussion panels, and learn about the latest advancements and Medtech innovations.

Companies will pitch their brands and services to a crowd of distinguished leaders, investors and healthcare professionals during the Octane Capital and Growth company presentations. They will have the opportunity to engage in one-on-one meetings with investors for a deeper understanding of their work, goals and vision. Investors, in turn, can gain valuable insights into the latest innovations and the future of new technologies. OMIF offers a robust networking forum where professionals can connect with peers and industry leaders to build lasting relationships. Gain insights into how innovation is accelerating the future of medicine, improving patient outcomes, and tackling healthcare’s biggest challenges. Be part of this transformative event and discover how AI and other groundbreaking technologies are setting new standards in medical excellence, driving progress and shaping the future of healthcare.

To learn more, please visit https://ibn.fm/F1y4X.

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) Has More Going For It Than Unprecedented Gold Prices

  • Gold prices have surged to record highs, providing a favorable market for gold exploration companies.
  • Bullion rose to $2,634.90 an ounce and spot gold was at $2,666.99 an ounce on September 25.
  • Emperor Metals’ flagship Duquesne West Gold Project is believed to host a historical estimated mineral resource of 727,000 ounces of gold, at a high grade of 5.42 g/t and a robust average thickness of 5.7 meters.
  • The company’s current drill program is focusing on the open-pit concept revealed during last year’s program, with the open-pit model indicating gold potential on top of the existing high-grade underground gold resource, enabling multiple production scenarios.

Gold prices have continued to hit all-time highs through September, with the spot price reaching $2,666.99 an oz on Sept. 24, 2024.

Global conflicts, financial uncertainty, central bank buying, and the Federal Reserve lowering interest rates are driving investors and governments to the safe haven asset.

A primary driver, China’s central bank began aggressively buying gold in Q3 of 2022 and has accumulated 316 tonnes in the last three years (https://ibn.fm/ybFot). Additionally, in 2022 the country imported $67bn USD of gold while only exporting $5bn USD (https://ibn.fm/zdZdm). 2023 numbers have not been officially released but it is expected that China’s gold buying has increased and is helping drive the gold price.

Countries around the world are securing the hard asset in an effort to gain independence from the U.S. dollar. Western countries realize there is a growing demand to secure gold production in friendly regions around the world.

Canada has a long history of prolific gold production. One region known as the Abitibi Greenstone Belt in the province of Ontario and Quebec has produced over 200 million ounces of gold.

Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) is in an especially strong position to benefit from increasing investor interest in the precious metal, given its noteworthy unusually high grade and thickness historical resource in one of the most prolific and productive gold mining camps in the world.

Emperor Metals is an advanced stage gold exploration company focused on proving and developing the substantial resource potential of its flagship Duquesne West Gold Project located in the Tier 1 district of the Southern Abitibi Greenstone belt of Rouyn-Noranda, Quebec.

The property is in the heart of a district surrounded by 15 gold producing mines, the Duquesne West Gold Project is believed to host a historic mineral resource of 727,000 ounces of gold, at a high grade of 5.42 grams of gold per ton on average and a robust average thickness of 5.7 meters. Emperor Metals has leveraged artificial intelligence and machine learning to create a reinterpretation of the existing geological model and highlight the opportunity for additional discovery of ounces by revealing previously unknown gold trends.

According to recent milestones highlighted by the company, Emperor Metals is pushing the project into the advanced exploration stage. This includes the development of an updated mineral resource estimate and an increased focus on proving the size and grade of the deposit. “Our resource was based on a 3.0-gram cutoff grade in a 2.5-meter thickness, and it was also based on $960 gold back when that historical report was done in 2011. What is really exciting is that, since 2011, gold is up 150%,” Head of Corporate Development and Director Alex Horsley said during a recent episode of IBN’s The MiningNewsWire Podcast (https://ibn.fm/Ziylw).

In the updated mineral resource estimate, expected to be released in Q1 2025, the company aims to expand the 727,000 oz mineral reserve and significantly lower the cutoff grades. This adjustment is due to the current gold price and the new open pit concept, which allows miners to profitably excavate sub-gram material.

The 2023 drilling campaign at Duquesne West achieved high-grade intercepts and identified a conceptual open-pit model, which indicates gold potential on top of the existing high-grade underground gold resource, granting Emperor Metals the opportunity for multiple production scenarios. The company is now working to enhance the open pit model through a Phase II drilling program, which began in May 2024, consisting of 8,000 meters drilling/assaying and 8,000 meters of historical core assaying.

The company spent the summer of 2024 drilling its Duquesne West Gold Property and is reconfirming its commitment to expanding its resource base and enhancing shareholder value.

Drill results have been sent to the assay lab, and are expected to be released throughout the fall, helping indent the potential expansion of the mineral reserve estimate.

Showcasing its strategic vision and operational capabilities, Emperor Metals is well-positioned to advance its exploration projects, attract further investment, and position itself as a key player in the gold exploration space as demand and prices on the market continue their upward trend.

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

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

D-Wave Quantum Inc. (NYSE: QBTS), Staque Join Forces to Advance Annealing Quantum Computing Adoption in the Middle East

  • The strategic partnership between D-Wave and Staque aims to accelerate the commercial adoption of annealing quantum computing solutions in the region.
  • The two companies will leverage D-Wave’s quantum computers and hybrid solvers to help customers develop and deploy quantum and hybrid quantum applications to address enterprise optimization and AI problems.
  • The partnership was revealed at the first-ever Qubits UAE event in Dubai, which was organized jointly by D-Wave, Staque, and Staque’s regional partner, SquareOne.

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, announced a new strategic partnership with Staque, a leading consulting and development practice focused on AI, blockchain and quantum computing, designed to step up the commercial adoption of annealing quantum computing across the Middle East (https://ibn.fm/TNAND).

The partnership was unveiled at the first-ever Qubits UAE event, which D-Wave organized in collaboration with Staque and Staque’s partner in the region, SquareOne, a leading provider of business transformation technologies in the Middle East and Africa. Held in Dubai on September 20, 2024, Qubits UAE featured specially curated content from D-Wave’s annual Qubits user conference, which took place in Boston on June 17-18 this year. The event showcased “success powered by quantum” through business optimization use cases, progress in quantum-fueled AI technology, and demonstrations of annealing quantum computing performance over classical computing.

D-Wave and Staque plan to work together to help customers develop and deploy quantum and hybrid quantum applications designed to address enterprise optimization and AI problems. This will be achieved by leveraging D-Wave’s quantum computers and hybrid solvers, accessible through D-Wave’s Leap(TM) quantum cloud service. The companies will be able to explore quantum applications that address complex challenges facing today’s organizations including supply chain management, utility grid optimization, portfolio optimization and port optimization. The strategic partnership comes as countries in the Middle East are increasingly focused on diversifying their economies, expanding into areas such as logistics, financial services and advanced technology, according to the International Monetary Fund.

“By partnering with D-Wave, the world’s first commercial quantum computing company, we’re able to bring incredible computational processing power to bear for our clients, with the intention of helping them take advantage of advanced technology solutions that can drive their businesses forward,” said Dr. Muhammad Khan, CEO and founder of Staque.

“We believe organizations must embrace today’s advanced technologies such as quantum computing and AI in order to succeed in today’s highly competitive and complex environment,” said Lorenzo Martinelli, chief revenue officer at D-Wave. “Staque recognizes the transformative impact that annealing quantum computing could have on its customers, and our shared commitment to redefining what’s possible with technology makes this partnership very exciting.”

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.

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