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Jericho Energy Proposed Spin-off Opens its Hydrogen Division to $30 Trillion ESG market

Jericho Energy Ventures Inc.

May 14, 2024 – The N ewswire – Global Stocks News – In a press release dated April 17, 2024, Jericho Energy Ventures (TSXV:JEV) (OTC PINK:JROOF) (FSE:JLM) announced that it is exploring a potential spin-off and separate listing of its Hydrogen platform. Currently, Jericho owns and operates producing oil and gas projects in Oklahoma, USA, which – although a source of revenue – dilutes the company’s green energy credentials. As a growing technology innovator, the hydrogen business will likely need access to capital. Decoupling from the oil business will expand the potential sources of funding to include ESG funds. “ Global ESG assets are $30 trillion, and on track to surpass $40 trillion by 2030,” confirms a January 2024 ESG report from Bloomberg Intelligence. “The last three years we have been using profits from the oil business to fund our hydrogen business,” JEV director Allen Wilson told Guy Bennett, the CEO of Global Stocks News (GSN). “At an accounting level that makes sense, but many of the funds we’ve been talking to have mandates that forbid them from investing in fossil fuels.” “Having an oil division buried in the hydrogen business is constraining the relationships we can form, and our access to capital,” continued Allen. JEV’s Hydrogen Portfolio: • 100% owned subsidiary Hydrogen Technologies has developed a patented, zero-emission boiler technology to the Commercial & Industrial heat and steam industry. • Investments and board positions in H2U Technologies - a breakthrough electrocatalyst and low-cost electrolyzer platform. • Investments and board positions in Supercritical Solutions -developing the world's first, high pressure, ultra-efficient electrolyzer. Click Image To View Full Size “Our skills, knowledge and experience in traditional energy assets has served us well,” JEV CEO Brian Williamson told GSN. “But as we move up the investor chain to institutional investors, these funds are focused on the transition away from fossil fuels. That is the largest growing pool of capital in the marketplace.” “For us to access those pools, our hydrogen assets need to stand on their own,” confirmed Williamson. “At the same time, our oil and gas assets are getting lost in the hydrogen story. Sometimes separation is necessary for the good of the children. We feel we are at that point.” Click Image To View Full Size “The objective of the Proposed Spin-Off is to create two independent, streamlined, pure-play companies focused on becoming leaders in their respective markets,” states JEV. “This initiative intends to create two agile, specialized companies, enabling them to pursue their unique strategic objectives and position themselves advantageously for sustained growth, profitability, and heightened investor appeal," remarked Williamson. Click Image To View Full Size Hydrogen produces zero emissions when burned, making it an attractive option for reducing greenhouse gas emissions. In 2024, 95% of hydrogen used is “grey hydrogen” - produced from natural gas. “Blue hydrogen” uses carbon capture to reduce emissions up to 90%, but it still relies on fossil fuels as a feedstock. For hydrogen to break through as major source of clean industrial energy, the world needs reliable affordable “green hydrogen”. In the video below, Scottish Power explains what green hydrogen is: “In order to combat climate change, we need to adopt electrification as a clean and sustainable solution to many of our transport and industrial needs,” explains Scottish Power. “The cleanest form of hydrogen production is produced using renewable energy resulting in zero co2 emissions. Clean renewable electricity is used to power an electrolyser splitting water into hydrogen and oxygen gas with no carbon emissions.” Click Image To View Full Size The push to replace fossil fuels with green hydrogen has reached all corners of the world. “Energy storage will play a key role in achieving India’s National Green Hydrogen Mission's goal of producing more than five million metric tonnes per annum by 2030,” reports TV BRICS. “Over 680 hydrogen projects have been announced globally, worth more than $240 billion in investment,” states the World Economic Forum (WEF). “We will work with stakeholders across industry, policy and finance to turn announcements into action and pledges into real projects.” Jericho’s hydrogen business started with a focus on the industrial space, because this is where you find the earlier adopters, with the biggest carbon footprints. JEV’s “spearhead” technology is the zero emission DCC boiler. The company is concurrently developing upstream technology to help solve the need for more green hydrogen. “The average life of a boiler is 20 years, while the average age of the boilers installed in North America is 30+,” explained Williamson. “Emission profiles two decades from now will be very different. Decisions are being made today will affect industrial processes in 2040. The time is right for the industrial, decarbonisation, and we believe our DCC boiler has an important role to play.” “Jericho's roster of major backers among its shareholders includes Edward Breen, Executive Chairman and CEO of DuPont; Belzberg & Co., led by Strauss Zelnick, chairman and CEO of video game giant Take-Two Interactive; McKenna & Associates, led by Andrew J. McKenna; the Graves family, a multi-generational U.S energy asset owner and operator; and Frank Drendel, founder and chairman emeritus of CommScope,” reports Streetwise Reports. Ed Breen is sometimes called “The Breakup King”, having transformed numerous corporate entities, like Tyco International, and DowDuPont into more efficient focused companies. “ This model aligns perfectly with that of Jericho Energy Ventures, a small company that Breen has invested in,” stated AllPennyStocks on the Globe & Mail platform. “Breen identifies companies with potential for hidden value trapped within a complex structure. Through divestitures, mergers, or strategic splits, he unlocks this value, allowing investors to benefit from the focused potential of the newly formed entities.” "Should this spin-out come to fruition,” concluded Williamson. “We believe existing JEV shareholders stand to benefit from the growth prospects of owning both pure-play H2 and Oil & Gas enterprises, with each focused on maximizing value and becoming a leader within its sector." Disclaimer: Jericho Energy Ventures paid GSN $1,500 CND for the research, writing and dissemination of this content. Contact: guy.bennett@globalstocksnews.com Full Disclaimer

May 14, 2024 04:20 PM Eastern Daylight Time

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Beeline's Miguel Vega: "The Dream of Owning a Piece of America is a Dominant Theme in the Latino Community"

Beeline

May 14, 2024 – TheNews w ire – Global Stocks News – Beeline – a fintech mortgage lender – recently announced the launch of their Spanish-speaking home loan experience. The initiative, dubbed 'Colmena' (hive in English) is aimed at breaking down the barriers to homeownership for Latino communities. According to the U.S. Census Bureau, The U.S. Hispanic population has reached 62.1 million, accounting for 19% of all Americans. The custom machine learning models at Beeline will allow its AI GPT-powered mortgage chatbot to instantly respond to mortgage enquiries using a Spanish conversational interface. “Beeline recognizes the unique challenges faced by Latino families in accessing affordable housing and navigating a mortgage,” states the PR. “With 'Colmena', they aim to bridge this gap.” Spearheading the 'Colmena' initiative for Beeline is Miguel Vega, who has 25 years as a U.S. Hispanic market consultant and is a National Affordable Housing Advocate — Miguel is of Mexican-Texan heritage. “Serving the Latino community is a big opportunity for Beeline,” Vega told Guy Bennett, the CEO of Global Stocks News (GSN). “The largest segment of growth in homeownership is in the Hispanic market.” “Latinos tend to live with their parents in multi-generational family households,” Vega explained. “There’s an economic and cultural dimension to this. You need to understand both. The dream of owning a piece of America is a dominant theme in the Latino community.” Beeline is a young technology & finance company that has quickly found traction in the competitive mortgage landscape. Click Image To View Full Size “A lot of Latinos have difficulty qualifying for traditional mortgages,” Beeline CEO Nick Liuzza told GSN. “This is connected to their heavy participation in the gig economy.” “Half of all immigrants are engaged in independent work,” confirms the DC Journal, “Earning part-time or full-time income through consulting, delivery services, nursing, ride-sharing, dog-walking — you name it.” Without regular pay-stubs and long-term employment contracts, established, financially secure gig workers often find it difficult to qualify for a traditional mortgage. Legacy banks have underestimated the power and size of the gig economy, and the Hispanics that underpin it. The Bank of America (BOA) measures “gig-type income” through direct and debit card deposits. Freelancers are typically paid in cash, by cheque or e-transfer. “Is the peak of the gig economy now behind us?” asks The Bank of America (BOA)? The short answer is “No”. “The gig economy is expanding 3x faster than the total US workforce,” reports Team Stage. “Over 50% of the US workforce is likely to participate in the gig economy by 2027.” Beeline is filling in a gap in services left by legacy banks. Spanish speaking workers play a disproportionately large role in the gig economy. Click Image To View Full Size Source: https://www.zippia.com/advice/gig-economy-statistics/ “Gig workers are judged on old models of assessing risk,” stated Liuzza, “Colmena is going to introduce a wider spectrum of products than most lenders, allowing Latino borrowers a higher probability of success in landing a mortgage.” In addition to the usual conventional, FHA (Federal Housing Administration) and VA (Veteran Affairs) loans offered by many lenders, Beeline can provide Latino borrowers debt service coverage ratio (DSCR), bank statement, bridge and fix-n-flip loans that have already proved popular with other gig workers. “Spanish speakers will be automatically routed down a Spanish customer journey just for them and matched with a bilingual loan officer with certain loan documents in Spanish initially,” states Beeline. "Colmena will feature tailored mortgage products that are culturally aligned to addressing the specific needs and preferences of Latino homebuyers plus educational resources to promote homeownership and empower individuals and families to achieve their dreams of owning a home,” said Vega. Bob, Beeline's AI chatbot already speaks Spanish when prompted, but the next version will instantly detect the language based on the question, give faster, more accurate Spanish answers about products and offer educational content to help Spanish speakers prepare. "Often, Latino home buyers aren’t aware of their options," stated Vega, "It's a popular belief that you need 20% down and a FICO of 800 to be in the homeownership game. It's our job to educate Latinos that their dream is a lot closer than they think — which goes to the heart of what Beeline does." Beeline’s digitized, automated, on-line mortgage application platform is well-positioned to bridge the gap between Latinos and home ownership. “Hispanic Americans are heavier social media users overall compared to non-Hispanic Americans,” states Civic Science. “As of July 2023, 85% of Hispanic Americans say they use social media to some extent, compared to 80% of non-Hispanic Americans. The widest gap is observed in Instagram usage. Click Image To View Full Size Instagram @gomakeabeelineespanol “Instagram, Facebook and TikTok are good platforms to reach the Latino community,” confirmed Vega. “We will use social media to introduce the 65 million US-based Latinos to Beeline’s products and services.” “Over the last few years, I helped 2,500 Latino individuals and families get mortgages,” recalled Vega. “Many of them were 2 nd and 3 rd generation Latinos. Even though they are fluent in English, the majority of them still have deep roots in their culture.” "At Beeline, we believe that homeownership should be within reach for all Americans, regardless of background or ethnicity," said Liuzza. "With Colmena we will be able to interact with thousands of Latino customers simultaneously, 24/7 at an extremely low cost, with Spanish speaking human help never far away.” “Helping Latinos achieve home ownership is rewarding work,” concluded Vega. “From this group of 2,500 Spanish speaking home owners, the default rate was zero. A lot of the Latino borrowers paid off their mortgages early. With Beeline’s technology and knowledge of the Hispanic community, we have an important role to play.” For more information about 'Colmena' go to: Website: www.makeabeeline.com\espanol Instagram @gomakeabeelineespanol Facebook https://www.facebook.com/gomakeabeelineespanol Contact: guy.bennett@globalstocksnews.com Full Disclaimer

May 14, 2024 04:15 PM Eastern Daylight Time

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Peninsula Energy Announces Substantial Resource Increase at Wyoming Uranium Projects

PENINSULA ENERGY LIMITED

Peninsula Energy CEO Wayne Heili joined Steve Darling from Proactive to share significant updates regarding the Mineral Resource Estimate (MRE) for the company's Lance Projects situated in Wyoming, USA, a region renowned for its prominence in uranium mining. The MRE, calculated based on In-situ Recovery methods, has undergone a substantial increase, now standing at 58.0 million pounds U3O8. This represents a noteworthy 7.8% uptick from the previous estimate of 53.8 Mlbs, attributable to the fruitful drilling campaigns conducted in 2023 within the Ross and Kendrick Areas of the Project. Heili underscored the strategic significance of this augmented resource base, particularly in light of ongoing initiatives by the United States government aimed at revitalizing domestic uranium production and bolstering the nation's nuclear fuel cycle capacity. As Peninsula Energy prepares for the resumption of commercial production at its Lance Projects, the timing of this resource enhancement couldn't be more opportune. Furthermore, the MRE expansion isn't merely confined to overall estimates but extends to specific areas earmarked for the Life-of-Mine economic study. In these designated zones, the Mineral Resource Estimate surged by a remarkable 19.6%, signaling promising prospects for sustained growth and operational viability. Looking ahead, Peninsula Energy has outlined comprehensive plans for additional delineation and development drilling endeavors across the Ross and Kendrick areas throughout the current calendar year. These initiatives will serve as crucial precursors to the preparation and dissemination of future updates to the JORC Code compliant Mineral Resource Estimate for the Lance Projects. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 14, 2024 03:55 PM Eastern Daylight Time

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Polymetals finalises acquisition of Endeavor Silver, Zinc & Lead Mine

Polymetals Resources Ltd

Polymetals Resources Ltd (ASX: POL) executive chairman David Sproule sits down with Proactive’s Jonathan Jackson to discuss the acquisition of the Endeavor Silver, Zinc & Lead Mine. This revised acquisition, through Polymetals' subsidiary Cobar Metals Pty Ltd, ensures 100% ownership of the mine and its associated exploration tenements in NSW's Cobar Basin. The new agreements allow for a two-year deferral on the replacement of the approximately $28 million Endeavor Mine Rehabilitation Bond, originally due by April 2024, under the conditions of a prior agreement. This extension aids Polymetals in securing project financing and hastening the mine’s restart, with production aimed for the first half of 2025. The updated deal not only transfers ownership but also positions Polymetals to enhance economic contributions to the local community by creating over 200 jobs and potentially increasing the mine's life through further exploration and treatment improvements. This acquisition, pending shareholder approval and compliance with several set conditions, marks a significant stride towards leveraging the favourable market conditions for base metals. Shareholder consent is particularly crucial for the grant of security over assets owned by Cobar Operations Pty Ltd and Endeavor Operations Pty Ltd, as required under the financial assistance provisions of the Corporations Act 2001 (Cth). Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 14, 2024 03:50 PM Eastern Daylight Time

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Mako Gold advances Napié gold and Korhogo manganese projects

MAKO GOLD LIMITED

Mako Gold Ltd (ASX:MKG) managing director Peter Ledwidge sits down with Jonathan Jackson in the Proactive studio to chat through the completion of a mechanical trenching program at the Tchaga North prospect within the Napié Gold Project in Côte d’Ivoire, covering 762 metres with samples taken at 1-metre intervals. The trenching targeted new high-grade gold zones identified by recent field mapping and rock chip sampling, yielding high gold concentrations (79.50 g/t, 76.10 g/t, 60.66 g/t). The zones examined included the Ladder Zone, Central Zone, Double Zone and other newly mapped areas. Mako is now awaiting assay results to further evaluate the trenches and plan subsequent drilling operations. The trenches revealed numerous east-west oriented quartz veins and stringers in stockworks, which have not yet been tested by drilling. Additionally, Mako continues to explore strategic partnership opportunities for its Korhogo Manganese Project, also in Côte d’Ivoire, aiming to secure third-party funding to focus more on the Napié Gold Project. Management has noted increased interest in this project and is planning site visits soon. Ledwidge noted the resilience of the company’s low-cost exploration strategy amid market fluctuations and the impact of Cyclone Megan on manganese prices, which has also seen increased demand due to its use in electric vehicles. Mako remains optimistic about leveraging rising prices for both gold and manganese. Furthermore, Mako concluded its due diligence for the potential acquisition of Goldridge, having previously signed an Exclusivity Deed with Goldridge. While this deed has expired, Mako awaits further assay results from Goldridge’s ongoing 4,000-metre diamond drilling program before making final acquisition decisions. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 14, 2024 03:00 PM Eastern Daylight Time

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Sarytogan Graphite achieves breakthrough in nuclear-grade purity

Sarytogan Graphite Ltd

Sarytogan Graphite Ltd (ASX: SGA) managing director Sean Gregory sits down with Proactive’s Jonathan Jackson to discuss how its high-purity graphite, previously verified at above 99.999% carbon purity, has achieved an impressive Equivalent Boron Content (EBC) assay of 1.1 ppm. This result is well below the 2 ppm maximum required for nuclear-grade graphite, confirming its suitability for high-specification applications such as nuclear reactors. This benchmark was achieved through independent assays performed in the USA, highlighting the graphite's compliance with stringent international standards. Gregory says that this achievement adds a super-premium aspect to their product range, enhancing its appeal in various markets, including lithium-ion batteries and advanced industrial applications. He also notes that the pre-feasibility study is progressing as planned, with publication expected in the third quarter of the year. Graphite's essential role in nuclear reactors as a moderator, which helps maintain a continuous chain reaction, is underscored by the necessity for high purity to avoid neutron absorption by impurities like boron. The global demand for nuclear graphite, driven by renewed investment in nuclear power, underscores the strategic importance of Sarytogan's developments in this area. In addition to nuclear uses, Sarytogan is expanding its product line to include three main types - microcrystalline graphite for traditional uses, Uncoated Spherical Purified Graphite (USPG) for lithium-ion batteries and Ultra High Purity Fines (UHPF) for advanced industrial applications. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 14, 2024 03:00 PM Eastern Daylight Time

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ARway.ai Unveils ARway V3.1: Advancing Augmented Reality Navigation and Immersive Experiences

ARway.ai

ARway.ai Chief Product Officer Shadnam Khan joined Steve Darling from Proactive to announce announced the launch of ARway V3.1, a significant update to its spatial computing platform. The update brings major enhancements to augmented reality (AR) navigation and immersive experiences, including improvements in range and accuracy across large venues and faster deployment of AR indoor navigation. Khan expressed confidence that these enhancements will drive additional revenue and global deployments for ARway.ai. With over 5000 total accounts, 5400 maps created, and 60 pilots and trials, ARway.ai is experiencing increasing demand worldwide across various industries seeking to leverage its AR and spatial computing technology. Key features of ARway V3.1 include expanded AR tracking and navigation range, mini-map navigation, network failure backup, and upgrades to the web Studio 3D Map user experience. These improvements aim to provide users with more seamless and immersive AR experiences while navigating indoor spaces. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 14, 2024 02:43 PM Eastern Daylight Time

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Cepton, Inc. Secures Engineering Services Agreement with Automotive Giant Koito Manufacturing

Cepton, Inc.

Cepton, Inc. Chief Commercial Officer Mitch Hourtienne joined Steve Darling from Proactive to reveal a significant milestone as the company finalized an Engineering Services Agreement with KOITO MANUFACTURING, a renowned automotive Tier 1 partner and existing shareholder. With a legacy dating back to 1915, KOITO is a global leader in automotive lighting, boasting a network of 30 companies across 13 countries. Under the agreement, KOITO will extend $10 million in engineering services to Cepton to bolster the product development and execution of a major global OEM program. This collaboration will primarily focus on advancing Cepton's near-range lidar technology, essential for Level 4 autonomous driving capabilities in various on-road and off-road scenarios. The partnership underscores Cepton's commitment to delivering cutting-edge solutions in the autonomous driving space, leveraging KOITO's expertise and resources to accelerate product development and meet the evolving needs of OEM customers worldwide. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 14, 2024 02:41 PM Eastern Daylight Time

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na-editorial@proactiveinvestors.com

Europacific Metals Inc

EuroPacific Metals CEO Karim Rayani joined Steve Darling from Proactive to announce the completion of the initial two drill holes as part of the 2024 exploration drill program at the Miguel Vacas mine area in Portugal. The first hole, located near the southern limit of the old open pit, intercepted a broad broken mineralized interval with copper secondary minerals associated with a 28-meter wide polyphase breccia/shear zone. The second hole, situated about 30 meters from the northern limit of the pit, revealed an 18-meter wide mineralized zone not previously identified by drilling, confirming the presence of a NW-SE fault and opening new potential for extension to the North. The ongoing progress includes the drilling of the third hole and dispatching core samples for assays, marking significant advancements in uncovering new mineralized zones and expansion opportunities. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 14, 2024 01:17 PM Eastern Daylight Time

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