Montem Resources Ltd managing director and CEO Peter Doyle brings viewers up to speed on the pre-feasibility findings for its Tent Mountain Renewable Energy Complex (TM-REX) in Alberta, Canada. On Tuesday, the company said studies for its proposed Pumped Hydro Energy Storage (PHES) and Green Hydrogen Electrolyser elements show the project is “outstanding” and the economics are “compelling”. Looking forward, Doyle says the company has “an exciting phase of work ahead” at Tent Mountain, and it’s looking for a strategic partner to help develop the project.
Arafura Resources’ Gavin Lockyer speaks with Proactive’s Elisha Newell about the discussions it is currently having with GE Renewable Energy to supply neodymium and praseodymium (NdPr) from the company’s Nolans Project in the Northern Territory for the manufacture of GE’s offshore wind turbines and energy transition. The ARU managing director highlights the potential strategic investment by GE in Arafura and says the company hopes to be in a binding agreement by the end of the year.
Elixir Energy’s Neil Young updates Proactive on activity at the company’s wholly-owned Nomgon IX coal bed methane (CBM) Production Sharing Contract in Mongolia. The energy stock recently finished drilling the Bulag-Suuj-1S exploration well and is now spudding the Venetian-1S exploration well as part of an exploration and appraisal program. Moving ahead, the company’s extended pilot production program is advancing in parallel to exploration and appraisal drilling. Young says as Elixir moves into the middle of the Mongolia summer, the company’s operations efforts are moving into top gear.
Tlou Energy’s Tony Gilby and Colm Cloonan report from Botswana where they say, in the field, they’ve spent a lot of time assessing operations, in particular the flowing gas wells, connection to the grid and producing first revenue. Gilby says the Lesedi-3 well has started out very strongly while Lesedi-4 is also making great progress.
enCore Energy Corp executive chairman William M Sheriff joined Proactive’s Stephen Gunnion with details of the sale of its Cebolleta Uranium Project in New Mexico to Future Fuel Corporation.Sheriff telling Proactive that the move is a major step towards reaching enCore’s goal of becoming the next producer of American uranium.The sale resulted in enCore holding approximately 15.90% of Future Fuels and a US$250,000 boost to its balance sheet, which he said will help bring enCore’s Rosita Central Uranium Processing Plant back into production.
Brookside Energy’s David Prentiss updates Proactive about the momentum it currently has at Flame’s Well, where Contractor Producers Service Corp (PSC) will start moving in equipment. The managing director explains why the completion of its HBP program in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin of Oklahoma is a significant milestone. Operations are expected to be completed in the first week of June, with completion of the Flames Well and the establishment of oil and gas sales from this DSU continuing the significant operational momentum in a high oil price environment.
Tietto Minerals’ Mark Strizek speaks with Proactive about the pleasing nature of the high-grade gold intercepts found in the second batch of assay results from ongoing infill drilling at AG South, within Tietto’s 3.45-million-ounce Abujar Gold Project in Côte d’Ivoire, West Africa. Strizek explains how the “company is drilling and building” and how it is converting the Indicated into a Measured resource. A highlight from the latest drilling was the 55.13 g/t gold in one intersection. Tietto has six diamond drill rigs on site and has ordered two more to help hit its targets. Finally, the Tietto executive director updates the Life of Mine schedule and what to expect next from the company.
Saturna Capital’s Scott Klimo joined Proactive to discuss HANetf’s The Saturna Sustainable ESG ETF performance, which he says, has been broadly in line with equity markets over the past couple of months.Klimo says one of its more sizable exposures include wind power, which he says has been challenged the entire year, has been facing downgrades in estimates, which has held the fund back slightly in October.
FTSE 100 opened higher as markets were buoyed by takeover talk surrounding Sainsbury’s, while the oil giants rallied as the price of crude steadied after its recent decline. London’s blue-chip index was up 35 at 7,123 in early trading.J Sainsbury PLC (LSE:SBRY) could be the next among the big UK supermarket groups to face bid interest from private equity companies according to reports over the weekend. The US buyout firm Apollo is exploring the possibility of a bid for Sainsbury’s, according to the Sunday Times.PayPal Holdings Inc (NASDAQ: PYPL) has launched a new service that allows its UK customers to buy, hold and sell cryptocurrency. The service starts rolling out this week and marks the first international expansion of PayPal’s cryptocurrency offering outside of the US, the payment provider said in a statement.Bitcoin meanwhile jumped above US$50,000 for the first time in three months as the cryptocurrency’s rally continues. Other tokens including Ether and Cardano’s ADA are also rising.Among the small caps, Filta Group (AIM:FLTA) (LON:FLTA) said it has made a strong start to the financial year. First half revenues at the commercial kitchen cleaning specialist were up 20% compared with the final six months of last year.Oriole Resources PLC (LSE:ORR, FRA:S1Y) published a maiden resource estimate for the Faré South prospect of the Senala project in Senegal. The resource estimate is 155,000 ounces of gold grading 1.26 grammes (g/t).Oncimmune Holdings PLC (AIM:ONC, FRA:OCY) (LON:ONC) said a three-year follow-up of a large-scale clinical trial involving its EarlyCDT Lung blood test has delivered encouraging results. The number of late-stage cancers and deaths were lower in the group of patients assessed using the company’s diagnostic.
BB Healthcare Trust’s (LON:BBH) Brett Darke joins Proactive London’s Katie Pilbeam to discuss the impact of US President Joe Biden’s administration on the healthcare sector so far. More than six months in, Darke explains how his expectations of a Biden reign compare to the reality of what has already been achieved and takes viewers through the key areas currently being actively debated. In regards to the potential US drug-pricing reform, Darke explains how he thinks this could impact the BBH portfolio.
BB Healthcare Trust (LON:BBH) co-fund managers Brett Darke and Paul Major present their investment case. BB Healthcare Trust plc is a high conviction, long-only investment trust invested in listed or quoted global healthcare equities. It is unconstrained and able to invest regardless of market cap, sub sector or region, and the portfolio is concentrated with a maximum of 35 holdings.The trust is managed by Bellevue Asset Management which has built a successful track record in this sector.