Chariot CFO on renewables push as funding is secured for SA wind projects
Chariot Ltd (AIM:CHAR, OTC:OIGLF) chief financial officer Julian Maurice-Williams talked with Proactive's Stephen Gunnion about two key announcements tied to the company’s renewable energy operations in South Africa.
The first announcement covers the financial close of two large-scale wind power projects — Zen (100MW) and Bergriver (94MW) — both located in the Western Cape. Maurice-Williams highlighted that Chariot Generation and Trading, a new subsidiary, owns 24% of the assets alongside project lead Acciona Energía. Construction is set to begin imminently, with commissioning targeted for mid-2027.
The second announcement focuses on the financing of Chariot’s stake. Maurice-Williams explained the multi-layered structure, stating: “We brought in a strategic partner, and we’ve done it all at the subsidiary level… around $100 million net.” Funding sources include $284 million of project finance debt from Standard Bank and Investec, a $17 million equity investment from South African fund Mahlako, and a $9 million mezzanine facility from Standard Bank.
He also outlined how the structure ensures no dilution at the parent level, while retaining control of the renewable business.
Looking ahead to 2026, Chariot aims to generate material revenues from both its renewable and upstream oil and gas arms. Maurice-Williams also noted that the company is exploring the separation of these divisions and has entered discussions with ACWA Power regarding a broader Southern African sustainable energy platform.
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#ChariotLtd #RenewableEnergy #WindPower #SouthAfricaEnergy
#EnergyTransition #ProjectFinance #ElectricityTrading #CleanEnergy
#JulianMauriceWilliams #ProactiveInvestors #EnergyInvestment #ACWAPower
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S&U chairman: motor finance momentum to continue following strong Q3
S&U PLC (LSE:SUS) chairman Anthony Coombs talked with Proactive's Stephen Gunnion about the company's strong growth in the third quarter of 2025 and the outlook for 2026, particularly across its Advantage and Aspen businesses. Coombs said he expects further momentum in 2026, even if the broader economy remains flat, due to increasing market share and the company’s operational improvements.
He highlighted the recent performance of Advantage, the group’s motor finance division, which has seen “record collection rates” and strong loan quality following industry-wide challenges and regulatory scrutiny. “We’ve been trading our socks off for the last 3 or 4 months,” Coombs said, noting the investigation by the FCA is now complete and has confirmed the company’s compliance.
Risk management remains a key focus. Coombs explained that S&U has improved its affordability assessments and credit scoring systems to ensure sustainable growth. The company is also introducing AI to support greater efficiency and customer onboarding.
Discussing funding, he confirmed that net borrowings have risen in line with growth, and longer-term funding options such as securitisation are being explored.
Looking ahead to 2026, Coombs said, “Actually, I see the economy slightly picking up in 2026. But even if it doesn't, we're going to be taking more market share.”
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#MotorFinance #SAndUPLC #AnthonyCoombs #AdvantageFinance #AspenBridging #2026Outlook #FinanceGrowth #AutoLoans #BridgingFinance #ProactiveInvestors
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Geomega Resources: building a royalty model with innovative extraction technologies
Geomega Resources (TSX-V:GMA) CEO Kiril Mugerman talked with Proactive's Stephen Gunnion about the company’s bauxite residue technology and its potential global impact. In the interview, Mugerman explained how Geomega is addressing the 200 million tonnes of bauxite residue generated annually, with over 4.5 billion tonnes currently stored globally.
He detailed the company's clean technology solution designed to convert this industrial waste into value. "This is a technology for bauxite residues," Mugerman said, describing how the waste, which results from aluminum refining, can be treated instead of being left to accumulate in storage ponds.
Mugerman highlighted Geomega’s joint development agreement with Rio Tinto, valued at C$4.5 million, to build a demonstration plant in Saguenay, Quebec. Although the timeline is controlled by Rio Tinto, the goal is to complete the project within approximately two years.
The CEO also spoke about presenting bench-scale results in China, which demonstrated over 90% residue volume reduction and successful performance across six different bauxite residue sources. The next step is to scale to a demonstration plant. “A major company gave the green light to do the next scale up, which is exciting,” he noted.
Mugerman also emphasized the role of government support in advancing the technology readiness level, helping position Geomega for future commercial agreements.
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#GeomegaResources #BauxiteResidue #CleanTech #RioTinto #AluminiumRecycling #WasteToValue #CriticalMinerals #SustainableMining #GreenTechnology #CanadaMining
Sintana Energy CEO Robert Bose joined Steve Darling from Proactive to discuss the company’s progress on two major fronts: the advancement of its acquisition of Challenger and new developments across key blocks in Namibia’s Orange Basin.
Bose reported that the planned acquisition of Challenger has now satisfied several significant conditions, including formal consent from ANCAP—Uruguay’s national hydrocarbon regulator—and confirmation from Chevron indicating no objection to the transaction. With these milestones achieved, the deal now only requires final approval from the TSX Venture Exchange.
A Court Sanction Hearing, originally delayed following later-than-expected ANCAP approval, has been rescheduled for December 12. On 26 November 2025, Challenger confirmed that the Scheme of Arrangement received strong shareholder backing, with the requisite majorities approving both the Scheme at the Court Meeting and the related Special Resolution at the General Meeting. Pending court sanction, registration of the Court Order, and satisfaction or waiver of remaining conditions outlined in the Scheme Document, the transaction is expected to become effective on 16 December 2025.
Bose also provided an important operational update on Blocks 2813A and 2814B in Namibia’s Orange Basin—one of the world’s most closely watched offshore exploration regions. The blocks fall under Petroleum Exploration License 83 (PEL 83), currently operated by a subsidiary of Galp. Sintana maintains an indirect 49% interest in Custos Energy, which itself holds a 10% working interest in PEL 83, giving Sintana an effective 4.9% carried interest. NAMCOR, Namibia’s state energy company, holds an additional 10% working interest.
Major structural changes are underway at the asset level. TotalEnergies and Galp have agreed to a transaction that will see TotalEnergies assume operatorship of PEL 83 and secure a 40% participating interest from Galp, which presently owns 80%. As part of the agreement, the parties will initiate a multi-well exploration and appraisal campaign over the next two years, targeting at least three wells aimed at further de-risking the block and defining a potential first development hub within the acreage.
The first exploration well under this new program is currently being assessed for potential drilling in 2026—positioning PEL 83 as a key contributor to the growing momentum in the Orange Basin and reinforcing Sintana’s strategic exposure to one of the most prolific emerging petroleum regions globally.
#proactiveinvestors #sintanaenergyinc #tsxv #sei #otcqb #seusf #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews #OilExploration #Namibia #OrangeBasin #EnergySector #PEL83 #RobertBose #GalpEnergia #Chevron #QatarEnergy #EnergyNews #ProactiveInvestors #2025EnergyTrends
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Aftermath Silver launches new drill programs at Berenguela and Challacollo projects
Aftermath Silver CEO Ralph Rushton joined Steve Darling from Proactive to announce the commencement of a new, targeted follow-up drilling campaign at the company’s flagship Berenguela silver-copper-manganese project in southern Peru. The program includes approximately 4,000 metres of diamond core drilling and 2,000 metres of reverse circulation (RC) drilling, marking a significant new phase of exploration aimed at further enhancing the project’s resource potential.
Rushton explained that drilling is also set to begin this week at Aftermath Silver’s Challacollo silver-gold project in Region I of northern Chile. At Challacollo, the company plans to complete between 1,000 and 2,000 metres of core drilling as it advances its exploration strategy across multiple high-priority assets.
The decision to accelerate drilling activity reflects both favourable market conditions and strong technical confidence in the projects. Rushton noted that with silver prices currently at elevated levels, the company believes now is the optimal time to advance both exploration and resource growth. At Berenguela, the focus of the program will be on following up high copper grades previously encountered on the eastern side of the existing resource. In addition, infill drilling will target areas believed to represent the most likely location for initial future mining operations.
Rushton emphasized that the campaign is designed not only to expand and upgrade known mineralization but also to support longer-term development planning by improving geological confidence in critical zones of the deposit. With two active drill programs underway in Peru and Chile, Aftermath Silver is positioning itself to capitalize on strong metals markets while advancing its portfolio of advanced-stage silver projects.
#proactiveinvestors #aftermathsilverltd #tsxv #aag #otcqx #aagff #mining #SilverMining, #BerenguelaProject, #Mining #Silver #Copper #Manganese #Peru #DrillingResults #BatteryMetals #ResourceModel #Investing
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