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Golden Opportunity: Why McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Shines Amid Surging Demand for Critical Minerals

Posted on October 16, 2024 by MissionIR

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

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in McEwen Mining Inc. MUX | Leave a comment

SOBRsafe Inc. (NASDAQ: SOBR) Shares Details of Opportunities for International Expansion Across Multiple Foundational Markets

Posted on October 14, 2024 by MissionIR
  • SOBRsafe recently announced that courts in Australia and New Zealand have approved its SOBRsure(TM) technology for use in family law cases
  • The company entered the Australian and New Zealand markets earlier this year via an international channel partnership agreement with Drug Testing Business Success
  • The recent announcement also contained updates on the company’s opportunity for international expansion across India and Italy
  • In India, SOBRsafe’s SOBRcheck(TM) stationary alcohol detection device has been selected for a proof-of-concept installation at a public facility to screen employees
  • In Italy, a global employer has selected SOBRsafe’s SOBRsure(TM) continuous alcohol monitoring wristband for proof-of-concept use by its fleet drivers

Early this year, SOBRsafe (NASDAQ: SOBR), a provider of next-generation transdermal alcohol detection solutions, announced that the sale of its SOBRsure(TM) wearable continuous alcohol monitoring device had begun in Australia and New Zealand following a 90-day proof-of-concept. This overseas milestone was made possible through an international channel partnership with Drug Testing Business Success, the leading drug and alcohol testing service provider in the region (https://ibn.fm/3X0AI). .

At the time, Chairman and CEO Dave Gandini expressed the company’s excitement about this “new revenue stream” in both countries, further noting that the company believes “this could accelerate broader global expansion.” SOBRsafe recently issued an update on the expansion into Australia and New Zealand, reporting that courts in both countries have now approved the company’s technology for use in family law cases. In addition, according to the update, the courts have availed economic assistance where necessary (https://ibn.fm/3uufi).

“This legal approval is significant for two reasons,” stated Gandini. “First, it empowers our partner to market to the more than 7,000 family law attorneys in the region. Second, it gives SOBRsafe a template for expansion into the family law vertical here in the U.S. We are pleased with the groundwork now established in Australia and New Zealand. Based on the outcomes of these opportunities, we will evaluate the potential for strategic international expansion at the end of First Quarter 2025.”

The update also discussed the opportunity for international expansion across two other foundational markets: India and Italy. SOBRsafe noted that a critical infrastructure developer, which owns and operates a diverse portfolio of infrastructure assets across India and Southeast Asia, has chosen the company for a paid proof-of-concept installation of its SOBRcheck(TM) stationary alcohol detection device in a public, safety-sensitive facility.

Throughout the proof-of-concept period, the developer will use the device to uniformly screen employees at points of entry and, in the process, evaluate the device’s capabilities. SOBRsafe believes this initial installation will help it establish a new standard for alcohol screening in India, “providing value to employers while saving lives.”

SOBRsafe also reported that a global employer with a fleet of more than 10,000 vehicles has picked the company’s SOBRsure(TM) device for a proof-of-concept application among its drivers in Italy. According to Gandini, SOBRsure(TM) is particularly ideal for remote continuous monitoring of fleet drivers, as it can verify both location and sobriety in real-time and continuously.

The proof of concept in Italy comes amid the European Union’s aggressive push for the “Vision Zero” approach, which seeks to eliminate fatalities and serious injuries on EU roads by 2050. “As in many European countries, Italy already has a zero-tolerance law for commercial drivers – no level of alcohol is permitted. SOBRsure can help European employers demonstrate compliance in real-time, in a passive, non-invasive manner,” continued Gandini.

In a Fireside Chat during the Lytham Partners Spring 2024 Investor Conference held in late May, Gandini mentioned that “Companies outside of North America are reaching out to us because they’ve searched our technology” (https://ibn.fm/OgtBT). With the recently announced proofs of concept appearing to be the culmination of fruitful communication between SOBRsafe and the companies that reached out, more partnerships may be in the pipeline.

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.

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in SOBRsafe Inc. SOBR | Leave a comment

MissionIRNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Introduces Service-Level Agreements to Support Customers’ Production Applications

Posted on October 14, 2024 by MissionIR

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, announced Thursday morning that it has introduced service level agreements (“SLAs”) to support Leap™ quantum cloud service customers as they move quantum applications into production. The formal SLAs represent D-Wave’s commitment to providing high levels of availability, reliability and scalability for its Leap cloud service. According to the announcement, the Leap cloud service offers 99.9% uptime and availability and takes just a fraction of a second to process a job, even under heavy customer usage. In addition, the SLAs demonstrate the company’s dedication to supporting requirements for commercial-grade quantum and hybrid-quantum applications as customers transition their applications into production.

“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 of 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.”

To view the full press release, visit https://ibn.fm/0epnq

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. The company’s mission is to unlock the power of quantum computing today to benefit business and society. D-Wave does this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection and financial modeling. D-Wave’s technology has been used by some of the world’s most advanced organizations including Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory.

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.

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in D-Wave Quantum Inc. QBTS | Leave a comment

EM Tracking Technology in Juvenile Justice Highlights Market Potential of SuperCom Ltd. (NASDAQ: SPCB) Platform

Posted on October 11, 2024 by MissionIR
  • As technological devices used to track criminal suspects and low-risk offenders gain popular usage by law enforcement entities worldwide, the market potential continues to grow
  • An ongoing effort to improve electronic monitoring systems for juvenile offenders in New Orleans highlights the potential revenues involved — the municipality is working out a $2 million plan for tracking 200 teens following the discovery of an unused budget for the effort
  • Israel-based SuperCom Ltd. is a secured solutions provider for the e-Government, IoT and Cybersecurity sectors that has strategically developed its PureSecurity EM platform as a highly effective solution for the electronic monitoring market
  • The company’s approach uses technology that employs RFID and GPS tracking through inconspicuous devices with the aim of helping individuals in the criminal justice system to continue to be productive in society rather than facing costly incarceration

Electronic monitoring (“EM”) technology, such as ankle monitors equipped for remote GPS tracking and car ignition devices fitted with alcohol detection capability, has become increasingly popular as a means of providing some freedom of movement to offenders in the criminal justice system while also helping to ensure public safety (https://ibn.fm/HCJKZ).

EM devices have gained attention as a means of reducing government expenditure by preventing the need for jailing offenders deemed to be low-risk, or juveniles who may be in greater danger of future criminal behavior if they are incarcerated while young.

New Orleans’ criminal justice oversight committee recently hailed the news that funds had been found to support improvements to the municipality’s EM program for juvenile offenders after the city became mired in controversy over a violent crime allegedly committed by a monitored teenager who wasn’t being fully monitored as expected (https://ibn.fm/le3GW).

Officials in the Louisiana community anticipate roughly $2 million will be dedicated to a plan to ensure the effective monitoring of about 200 juveniles (https://ibn.fm/Dn3uG).

Technology innovator SuperCom (NASDAQ: SPCB) has been solidifying its position as a leader in the EM industry through development of its PureSecurity suite of tracking solutions. The company has steadily added new clients in Europe and the United States, where the average daily caseload of all EM-supervised individuals industry-wide ranges from the tens of thousands (Europe) to the hundreds of thousands (North America) (https://ibn.fm/gW2mL).

SuperCom’s end-to-end solution is an improvement on the bulky ankle bracelets, combining sleek design with innovative tracking technologies that can be worn in a covert manner as its PureOne bracelet product to help reduce the possibility that monitored individuals will be subjected to harassment or social stigma.

Similarly, individuals who are at specific risk of victimization, such as in domestic violence cases, can be alerted effectively and discretely through their smartphones if a monitored offender comes near, allowing a potential victim to seek a way to avoid trouble and alerting law enforcement authorities to the concern through the company’s PureProtect app technology.

“Our GPS technology and 24/7 monitoring center services are perfectly aligned to meet the needs of … clients and operations, providing robust and reliable solutions to support their mission,” SuperCom President and CEO Ordan Trabelsi stated in an Aug. 29 news release related to a new SuperCom contract in Maryland (https://ibn.fm/eJptd).

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

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in SuperCom Ltd. SPCB | Leave a comment

Clene Inc. (NASDAQ: CLNN) Closes $7.3 Million Registered Direct Offering and Concurrent Private Placements

Posted on October 10, 2024 by MissionIR
  • Proceeds from the offerings will support the company’s operations into the first quarter of 2025.
  • Clene also amended its existing debt facility with Avenue Venture Opportunities Fund, L.P. to reduce or defer future monthly principal payments and to extend principal amortization period and the final maturity date into the first half of 2025.
  • The company’s lead drug candidate, CNM-Au8® has been shown to restore and protect neurological function, offering new hope for patients with ALS and other neurodegenerative conditions.
  • Clene is seeking an accelerated approval pathway for CNM-Au8 for ALS, with a meeting scheduled with the FDA before the end of November.

Clene (NASDAQ: CLNN) and its wholly owned subsidiary, Clene Nanomedicine Inc., a late clinical-stage biopharmaceutical company focused on improving mitochondrial health and protecting neuronal function to treat neurodegenerative diseases, including amyotrophic lateral sclerosis (“ALS”) multiple sclerosis (“MS”) and Parkinson’s Disease (“PD”), announced the successful closing of a $7.3 million registered direct offering and concurrent private placements, designed to boost its capital position during a crucial phase in its on-going operations.

The registered direct offering and concurrent private placements of common stock and warrants with a healthcare-focused institutional investor and existing shareholders, including insiders, brought total gross proceeds of $7.3 million, with the potential for additional capital in the future through the exercise of warrants (https://ibn.fm/m8dCM).

The offering was led by a healthcare-focused institutional investor with participation from SymBiosis; founding investor Kensington Capital Holdings; Clene’s Chairman of the Board of Directors, Chief Executive Officer and Chief Scientific Officer and Founder; along with support from several other previously existing shareholders.

Clene also announced an amendment of its existing debt facility with Avenue Venture Opportunities Fund, L.P. such that future monthly principal payments are reduced or deferred, and the principal amortization period and maturity date of the loan will be extended into the first half of 2025.

This financing and debt restructuring is expected to provide Clene with essential funding for its operations into the first quarter of 2025 which will support upcoming regulatory milestones, including the upcoming meeting with the U.S. Food and Drug Administration (“FDA”) to discuss the potential to file a new drug application for lead candidate CNM-Au8 for ALS under an accelerated approval pathway.

This financing follows two encouraging Phase 2 clinical trials, RESCUE-ALS and HEALEY ALS Platform Trials, where participants who were administered CNM-Au8, saw significant improvement in survival rates, functional status and combined assessment of function and survival.

Developed as an oral suspension of gold nanocrystals, CNM-Au8 works by improving cellular energy production and utilization, which is critical for maintaining neuronal health. In both clinical trials and compassionate use programs, CNM-Au8 has already been shown to improve central nervous system cells’ survival and function via a mechanism that targets mitochondrial function and the nicotinamide adenine dinucleotide (“NAD”) pathway while reducing oxidative stress. By targeting mitochondrial dysfunction, CNM-Au8 aims to provide neuroprotection and promote remyelination, potentially altering the course of neurodegenerative conditions.

Commenting on the closing of the financing and upcoming plans, Chairman of the Board David Matlin said the company appreciated the support it obtained from its new healthcare-focused institutional investor as well as existing shareholders. “The capital raised in this offering along with the debt principal deferral from Avenue will allow the company to fund itself while in discussions with the FDA to potentially file an NDA under the accelerated approval pathway by year end,” Matlin added. “Most importantly, this financing also enables people with ALS who currently take CMN-Au8 under our compassionate use programs to continue receiving drug while Clene discusses its data with the FDA.”

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

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

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Clene Inc. CLNN | Leave a comment

SOBRsafe Inc.’s (NASDAQ: SOBR) Disruptive Technology Poised to Become the Global Standard for Alcohol Monitoring and Detection

Posted on October 10, 2024 by MissionIR
  • Alcohol detection and monitoring devices have been in use for years, but the need for faster, discreet technology capable of delivering real-time results became more apparent in the mid-2010s
  • In 2015 and 2016, the NIAAA announced challenges seeking alcohol monitoring solutions that provide real-time results; the winning entries were wearable wristbands still at the prototype stage
  • Fast-forward to today, and SOBRsafe, a company providing next-generation alcohol detection technology, commercializes its market-validated SOBRcheck(TM) stationary alcohol screening device and the SOBRsure(TM) wearable wristband
  • SOBRsafe’s devices feature highly precise sensors that are calibrated for early, low alcohol detection, beginning at about 20 minutes, compared to 45-60 minutes for the leading mandatory ankle monitor
  • The company believes its disruptive breakthrough technology could become the global standard for alcohol monitoring and detection, replacing legacy products and testing methods

In 2015 and 2016, the National Institute on Alcohol Abuse and Alcoholism (“NIAAA”), a part of the National Institutes of Health (“NIH”), challenged innovators and entrepreneurs to create a “wearable or otherwise discreet device capable of measuring blood alcohol level in real-time.” The challenge aimed to help solve the disadvantages of the then-preferred technologies for alcohol monitoring.

“Current technology for continuous alcohol monitoring takes a reading every 30 minutes. We are seeking a solution that improves on this interval and most closely approximates real-time monitoring and data collection,” stated the circular from NIAAA explaining the rationale behind the 2015 challenge (https://ibn.fm/EhUO8).

The winners designed wearable wrist monitors that measure transdermal alcohol concentrations (“TAC”) (https://ibn.fm/fpXye). While these winning entries were prototypes, the competition perhaps inspired the modern alcohol detection and monitoring landscape. Today, there are validated, commercially available transdermal alcohol monitoring devices available on the market, some more capable than others.

One company in particular, SOBRsafe (NASDAQ: SOBR), commercializes its SOBRcheck(TM) stationary screening and SOBRsure(TM) wearable monitoring solutions, which utilize a proprietary transdermal technology that simplifies the alcohol detection process. According to the company, the SOBRsafe transdermal detection technology pairs a NIAAA-awarded transdermal gas sensor with proprietary algorithms to capture alcohol vapor excreted through skin pores alongside other contents of sweat.

The highly precise sensor is engineered and calibrated for early, low alcohol detection, beginning at about 20 minutes, compared to 45-60 minutes for the leading mandatory ankle monitor. The company’s technology, therefore, detects alcohol 2-3x faster than other transdermal alcohol detection solutions (https://ibn.fm/Vd9GI).

The SOBRcheck(TM) stationary screening device is designed for facility access control, centralized fleets, and monitoring patients in point-of-care behavioral health facilities. It features the aforementioned gas sensor, which determines the presence or absence of alcohol, and a biometric sensor that scans a fingerprint to authenticate a user’s identity. The device provides administrators with real-time, time-stamped results, delivered via the company’s SOBRsafe software. One adopter of the SOBRcheck(TM) solution, Alternatives Inc., in fact, noted that SOBRcheck(TM) is faster and more sanitary than breathalyzers (https://ibn.fm/tM191).

The SOBRsure(TM) remote monitoring device, on the other hand, has the same footprint as a wearable wristband. It is designed to discreetly and continuously monitor the presence of alcohol in the system, freeing users from scheduled testing and building trust faster thanks to its continuous monitoring attribute. It also eliminates the embarrassment that accompanies using blow devices or providing urine samples.

Like the SOBRcheck(TM) device, the SOBRsure(TM) features the award-winning gas sensor, as well as GPS tracking capabilities. It relays the results continuously to an app-based reporting interface and sends notifications to parents or administrators whenever it detects alcohol. It also sends alerts containing location data whenever it is removed.

Since the fourth quarter of 2023, SOBRsafe has been marketing its alcohol detection and monitoring solutions to the behavioral health market. “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’re very, very excited about,” said SOBRsafe CEO Dave Gandini in a recent video update (https://ibn.fm/My3XB).

The company is also targeting further international expansion and has invested in a marketing campaign that aims to present its solutions to more than 45,000 behavioral health decision-makers in the U.S. “We believe that our approach will increase demand, drive sales and gain market share for us in the fourth quarter and on into 2025,” Gandini continued.

The company believes its disruptive breakthrough technology could become the global standard for alcohol monitoring and detection, replacing legacy products and testing methods. And with its international expansion and robust marketing campaign underway, coupled with the strong adoption in the core behavioral health vertical since late 2023, the company is a worthy consideration for investors.

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

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

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MissionIRNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces 5-Year Contract to Provide Advanced Electronic Monitoring Solutions to the Israel Prison Service State Agency

Posted on October 10, 2024 by MissionIR

SuperCom Ltd. (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and cybersecurity sectors, and its prime partner Electra, a security services provider in Israel, have been awarded a 5-year contract by the Israel Prison Service state agency (“IPS”). The full-service contract, which is already in effect and includes an optional extension of up to four more years, mandates SuperCom to deploy its PureSecurity Electronic Monitoring (“EM”) Suite, namely PureCom, PureTrack, PureTag, and PureBeacon. The contract encompasses all EM offender programs within Israel, including the existing Home Detention Monitoring program and additional GPS Tracking programs, and is expected to have about 1,500 enrollees, with the potential for future expansion.

“We are deeply honored to support Israel’s public safety infrastructure during these challenging times,” stated Ordan Trabelsi, President and CEO of SuperCom. “Our mission goes beyond business; it is about contributing to the safety and resilience of Israel. By providing the Israel Prison Service state agency with our advanced electronic monitoring solutions, we reaffirm our unwavering commitment to making Israel safer for all its citizens.”

To view the full press release, visit https://ibn.fm/KvPns

About SuperCom

Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification, and security solutions to governments and organizations, both private and public, worldwide. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance, and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries, including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, and domestic violence prevention. 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

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
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www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

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Posted in SuperCom Ltd. SPCB | Leave a comment

Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) Is ‘One to Watch’

Posted on October 9, 2024 by MissionIR
  • In September 2024, Foremost announced an option agreement with Denison Mines for 10 uranium projects in Saskatchewan’s Athabasca Basin.
  • The company has aggressive exploration plans across its 330,000-acre uranium portfolio, with both shallow and deep targets.
  • The Athabasca Basin is known for hosting some of the richest uranium deposits in the world, with strong infrastructure supporting exploration.
  • Foremost’s partnerships with Denison Mines and local geological firms, along with its strong management team, position it well for future success.
  • The company also holds a secondary portfolio of lithium projects, covering over 50,000 acres, providing additional long-term growth potential.

Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT), formerly Foremost Lithium Resource & Technology Ltd., is an emerging North American energy exploration company focused on supporting the clean energy transition. Foremost holds an option to acquire an interest in 10 prospective uranium properties, covering over 330,000 acres in the uranium-rich Athabasca Basin of Saskatchewan.

The company aims to address the growing demand for uranium, a critical element in global energy transition efforts. In partnership with Denison Mines (NYSE American: DNN), Foremost is pursuing a disciplined and dynamic exploration strategy. Foremost’s mission is to make significant discoveries through active exploration of its promising, underdeveloped land holdings in the Athabasca Basin. Its uranium portfolio includes projects at various stages of exploration, from grassroots initiatives to advanced, drill-ready targets.

As the world shifts toward a clean energy future, uranium will play a key role as a low-cost, emission-free fuel for electricity generation. Foremost’s development plans aim to provide low-cost uranium solutions, capitalizing on the global movement to decarbonize power grids.

In addition to its uranium assets, Foremost holds a secondary portfolio of lithium projects, spanning more than 50,000 acres across Manitoba and Quebec.

Foremost is headquartered in Vancouver, British Columbia.

Projects

Foremost’s portfolio, under its option agreement with Denison Mines, includes 10 properties, many located near high-profile uranium operations like the McClean Lake mill and Cigar Lake mine. Seven of these properties are situated in the eastern portion of the Athabasca Basin, close to well-established infrastructure, while three lie in the northwestern portion of the basin – an area with high potential for new discoveries but little previous exploration.

Through the option agreement, Foremost may earn up to 70% of Denison’s interest in the properties. Denison currently owns 100% of nine properties. The agreement includes three phases during which Foremost must issue shares to Denison, appoint Denison representatives to its board, provide cash or share payments, and incur specific exploration expenditures to increase its ownership stake.

Market Opportunity

According to RationalStat, the global uranium mining market was valued at $8.09 billion in 2023 and is projected to grow to $11.38 billion by 2030, with a CAGR of over 5%.

Uranium, used in nuclear reactors, produces energy through nuclear fission and is considered a clean energy source as it emits no greenhouse gases during operation. The push to reduce carbon emissions and combat climate change is driving the demand for nuclear energy, and thus, uranium.

The uranium market is also poised for growth due to the phasing out of fossil fuels, mine closures, production disruptions, and geopolitical factors such as trade sanctions on Russia and civil unrest in Niger, which have highlighted the urgency for reliable uranium supplies.

Canada, producing about 15% of the world’s uranium annually, is the second-largest global uranium producer, after Kazakhstan.

Management Team

Jason Barnard, CEO, President, and Executive Board Member of Foremost, has over 31 years of capital markets experience. He has been directly involved in raising over $500 million for mining and exploration companies. Mr. Bernard began his career with McDermid St. Laurence Securities and later worked at Canaccord Genuity. He has been with Foremost since 2016 and is its largest shareholder. He holds a bachelor’s degree in economics from Carleton University.

Dong Shim, CPA, CA, serves as CFO. He is a partner at Shim & Associates LLP and is registered as a CPA in British Columbia and Illinois. Mr. Shim brings extensive accounting and auditing expertise, having worked with both U.S. and Canadian junior mining and tech companies.

Christina Barnard, COO, has over 20 years of experience in business management, media and marketing. Her career includes a decade as a senior marketing and media advisor for a national public company and roles in corporate communications and strategy for several public companies.

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

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

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Foremost Clean Energy Ltd. FMST | Leave a comment

MissionIRNewsBreaks – CNS Pharmaceuticals Inc. (NASDAQ: CNSP) CEO Featured in Fireside Chat at 2024 Healthcare Virtual Summit

Posted on October 8, 2024 by MissionIR

CNS Pharmaceuticals (NASDAQ: CNSP), a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system, will be participating in the upcoming 2024 Healthcare Virtual Summit. The summit, which is presented by Maxim Group LLC, is scheduled for Oct. 16, 2024. According to the announcement, CNS Pharmaceuticals CEO John Climaco will be part of a fireside chat, slated to begin at 4 p.m. ET during the one-day event. In addition to the fireside chat, the summit will include presentations, interactive discussions and topical industry panels with an array of biotechnology, diagnostic, medical device, and healthcare information technology companies and experts.

To view the presentation or find out more about the event, visit https://ibn.fm/ZxoI7

To view the full press release, visit https://ibn.fm/RlfLS

About CNS Pharmaceuticals Inc.

CNS Pharmaceuticals is a clinical-stage pharmaceutical company developing a pipeline of anticancer drug candidates for the treatment of primary and metastatic cancers of the brain and central nervous system. The company’s lead drug candidate, Berubicin, is a novel anthracycline and the first anthracycline to appear to cross the blood-brain barrier. Berubicin is currently in development for the treatment of a number of serious brain and CNS oncology indications including glioblastoma multiforme (“GBM”), an aggressive and incurable form of brain cancer. For more information about the company, please visit www.CNSPharma.com.

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

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in CNS Pharmaceuticals Inc. CNSP | Leave a comment

MissionIRNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Reports on Private Placement Valued at Estimated $8.2M

Posted on October 8, 2024 by MissionIR

SOBRsafe (NASDAQ: SOBR), a provider of next-generation, transdermal alcohol-detection solutions, has released certain information regarding a private placement. The placement, which is with certain institutional investors, is projected to result in an estimated $8.2 million for the company, before the deduction of standard fees and costs. SOBRsafe anticipates using the funds for working capital and general corporate purposes. The company plans on issuing 2,024,691 units in connection with the placement, with each unit sold at $4.05. The announcement noted that each unit will comprise one share of common stock (or one prefunded warrant in lieu thereof), two Series A warrants and one Series B warrant. The placement is expected to close today and is subject to customary closing conditions. Aegis Capital Corp. is acting as placement agent for the private placement.

To view the full press release, visit https://ibn.fm/1geWC

About SOBR Safe Inc. 

SOBRsafe offers an advanced transdermal (touch-based) technology that detects and instantaneously reports in real time the presence of alcohol as emitted through a user’s skin — no breath, blood or urine sample is required. Alcohol misuse is the fourth-leading cause of preventable death in America and the seventh worldwide. Yet prevention and monitoring solutions have not kept pace with this epidemic. Legacy technologies are invasive, inefficient, unhygienic and unconnected. There has to be a better way. Enter SOBRsafe. With a powerful backend data platform, SOBRsafe provides next-generation, passive-detection technology for the behavioral health, judicial and consumer markets, as well as for licensing and integration. The SOBRsafe technology is commercially available for point-of-care screening (SOBRcheck) and continuous monitoring (SOBRsure). SOBRsafe is on a mission to create better outcomes and save lives. For more information about the company, visit www.SOBRsafe.com.

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

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in SOBRsafe Inc. SOBR | Leave a comment