Author: Cloud PR Wire

–News Direct– Itaconix PLC CEO John Shaw joins Proactive's Stephen Gunnion with details of a trading update, released after the company was unable to reach satisfactory commercial terms with one of its major existing merchandising customers in North America for supply in 2024. Shaw highlighted this move as a significant short-term revenue loss but framed it as a positive step towards reducing dependency and fostering a healthier business relationship. He stressed that despite this change, the company remains optimistic about its future, aiming to become a "$100 million company" without operating out of fear. The relationship with the said customer remains amicable, with Shaw sharing personal anecdotes to underline their close ties. Looking forward, Shaw discussed...

–News Direct– In recent times, Ethereum (ETH) has been the talk of the town. According to a Standard Chartered prediction, it could reach an impressive $14,000 in 2025. Meanwhile, analyst Ali Martinez foresees Bitcoin (BTC) reaching $72,880. KangaMoon (KANG) is also making headlines as a meme coin in Stage 4 of its presale and analysts predict it will hit $1 in 2024. An Ethereum Price Prediction by Standard Chartered Recently, Ethereum (ETH) has been on the rise. As per CoinMarketCap data, the Ethereum price surged from $2,947 to $3,467 over the last 30 days. In that time, its market cap also rose from $354B to $416B. According to Standard Chartered, the Ethereum ETF approval may push its value to $8,000 in 2024 and $14,000 in 2025. In the next two years, Ethereum is expected to perform ...

–News Direct– Euro Manganese Inc President and CEO Dr Matthew James tells Proactive's Stephen Gunnion that the battery materials company has achieved a key milestone at its Chvaletice Manganese Project after receiving approval for its Environmental and Social Impact Assessment from the Czech Ministry of Environment. James told Proactive the Czech project involves remediating historical mine tailings from a previous pyrite mine, containing significant manganese deposits. The company also owns land directly opposite the tailings area for a processing plant. The Chvaletice Manganese Project is unique for its high-purity manganese, essential for electric vehicle batteries, particularly in NMC (nickel-manganese-cobalt) batteries. James explained that the project's manganese ...

–News Direct– Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) chief executive Steve Brown joins Proactive's Stephen Gunnion with details of a significant partnership with Saudi Entertainment Ventures (SEVEN). Brown said the collaboration highlights accesso's strategy to grow its global footprint, underlined by its 2023 acquisition of VGS, now rebranded as accesso Horizon. SEVEN, aiming to develop an expansive entertainment ecosystem across Saudi Arabia, plans to introduce over 21 attractions and more than 150 experiences across 14 cities. Horizon will be instrumental in managing admissions and entitlements for this vast project, offering comprehensive ticketing solutions and an overall visitor management system. Brown said the deal represents accesso's most s...

–News Direct– Sonrai Security, a leader in cloud security solutions, today unveiled the launch of the industry's first Cloud Permissions Firewall for AWS, Azure, and Google Cloud. This groundbreaking technology revolutionizes cloud access and permissions security, offering a seamless one-click least privilege solution with zero disruption for cloud operations and development teams. Sonrai's Cloud Permissions Firewall transforms the complex landscape of cloud access and permissions security into a streamlined process with just one click. By leveraging sensitive access and permissions intelligence, the Sonrai Cloud Permissions Firewall identifies and determines the necessary access or rights required for running workloads in the cloud. It then instantaneously blocks unnecess...

–News Direct– Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects, resulting in an enhanced main resource at Bibemi to 375,000 ounces. The latter part of the year focused on negotiations with external investors, culminating in deals with BCM for 50% ownership and $4 million investment in each of the Bibemi and Mbe licences. Smeeton detailed a 2.4 million operating loss, attributing it to non-cash items and emphasising cash preservation as a primary goal. The company secured project-level funding and a financing deal with Lanstead, provi...

–News Direct– GRC platform Scrut Automation announced today that it has raised $10 million in growth capital from existing investors Lightspeed , MassMutual Ventures and Endiya Partners. The Scrut Automation team will use the funding to enhance their platform capabilities, incorporate generative AI use cases to reduce the manual effort for risk and compliance teams and expand to North American and European markets. With this round, the company has now raised $20.5 million in total venture funding since its inception in 2021. Scrut Automation was created to address the unique risk and compliance challenges faced by tech-first mid-market businesses in highly regulated industries. These companies grapple with stringent compliance requirements from regulators and industry bodies, and mountin...

–News Direct– By Faith Ashmore, Benzinga Atlas Lithium Corporation (NASDAQ: ATLX) has announced the signing of definitive investment and offtake agreements with Mitsui & Co., Ltd., a $70 billion Japanese conglomerate that boasts Warren Buffett as a major shareholder, which Atlas Lithium considers to be a strong recognition of its project and team. Importantly, Mitsui agreed to purchase $30,000,000 in common shares of Atlas Lithium at a 10% premium. In addition to the direct investment in Atlas Lithium, Mitsui has also entered into an Offtake Agreement for 15,000 tons of lithium concentrate from Phase 1 and 60,000 tons per year for five years from Phase 2 of Atlas Lithiums upcoming production of lithium concentrate from its 100%-owned Neves Project in Brazils Lithium Valley. The...

–News Direct– BridgeFT, a cloud-native, API-first wealth infrastructure software company that enables financial institutions, fintech innovators and registered investment advisors (RIAs) to deliver better, data-driven outcomes for their clients, announced today that it has successfully completed its SOC (System and Organization Control) 2 Type II audit. Developed by the American Institute of Certified Public Accountants (AICPA), a SOC 2 information security standard is a report that validates controls relevant to security, availability, integrity, confidentiality, and privacy. The SOC 2 Type II certification ensures service providers meet a standard degree of security control in areas including organization and management, communications, risk management and monitoring of controls. The a...

–News Direct– Chesnara PLC chief executive Steve Murray discusses the company's full-year results for 2023 with Proactive's Stephen Gunnion, describing them as strong and particularly highlighting 53 million in commercial cash generation and a dividend coverage of around 150%. The company has seen a return to economic growth, with an improvement in the solvency ratio to 205%, the highest in its nearly 20-year history. New business improved to 10 million. It also completed two acquisitions this year, contributing to its M&A momentum. Chesnara announced a 3% increase in its full-year dividend to 23.97p per share, continuing a 19-year track record of increasing dividends. Operational efficiency improvements were noted, particularly in cost management, contributing...