October 2020 - Page 7 of 8

Release – Energy Fuels Now Debt-Free; Unique in Uranium Sector

Posted on October 6, 2020 by Admin

Energy Fuels Now Debt-Free; Unique in Uranium Sector

LAKEWOOD, Colo., Oct. 6, 2020 /CNW/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”), the leading uranium producer in the United States, is pleased to announce that today the Company became debt-free, following the retirement of its remaining Cdn$10,430,000 of floating rate convertible unsecured subordinated debentures (the “Debentures“). As of today, no Debentures remain outstanding, and they have ceased to be listed on the Toronto Stock Exchange. Further, the Company currently has no other remaining short- or long-term debt.

“While many uranium and other natural resource companies have significant debt burdens, Energy Fuels is proud to announce that today we became debt free,” stated Mark S. Chalmers, President and CEO of Energy Fuels.

“Being debt-free distinguishes Energy Fuels not only from many of our peers in the uranium and natural resource sectors, but also from many public companies in general. Having no debt reduces costs and allows Energy Fuels to better weather market volatility. Coupled with our strong working capital position, this also provides us with a ‘clean slate’ from which to increase uranium production when warranted and to launch the exciting rare earth element initiative we are pursuing.

“We have a number of opportunities in front of us right now, any one of which could result in significant cash flows for the Company. Critical minerals, including uranium, rare earth elements, and vanadium, are front-and-center in the U.S. right now, including bipartisan support in the U.S. government. We are continuing to work with our allies in the Administration and Congress to create a strategic U.S. uranium reserve to enhance national security and energy security. As the leading uranium miner in the U.S., with more production facilities, capacity, expertise and in-ground resources than any other U.S. uranium producer, we expect to be one of the prime beneficiaries of any U.S. government support.

“We were also pleased that the U.S. Department of Commerce was recently able to reduce uranium and nuclear fuel imports into the U.S. from Russia over the long-term, thereby eliminating the specter of more state-owned uranium imports entering the U.S. President Trump’s Executive Orders on critical minerals last week may be an important step toward the U.S. government providing tangible support and/or funding to producers and processors of critical minerals, including the uranium and vanadium we currently produce, and the rare earth elements we hope to produce in the future. And of course, global uranium markets, where spot prices are up over 20% this year, appear poised to continue their bounce-back, due to significant global production cutbacks and the fact that current spot and term pricing cannot sustain new or existing primary supply. Energy Fuels has created a number of significant, potentially ‘game changing,’ catalysts while also maintaining a strong working capital position and eliminating debt. We look forward to continuing to provide updates in the coming weeks and months on several of these initiatives.”

About Energy Fuels: Energy Fuels is the leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is evaluating the potential to recover rare earth elements at its White Mesa Mill. Its corporate offices are near Denver, Colorado, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers – the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com.

Cautionary Note Regarding Forward-Looking Statements: This news release contains certain “Forward-Looking Information” and “Forward-Looking Statements” within the meaning of applicable United States and Canadian securities legislation, which may include, but are not limited to, statements with respect to: any expectation that the Company will maintain its position as the leading uranium producer in the United States; any expectation that being debt free will allow the Company to better weather market volatility, or allow the Company to increase uranium production when warranted or launch its rare earth element initiative; any expectation that the Company has a number of opportunities or catalysts in front of it which could result in significant cash flows for the Company; any expectation that the Administration and Congress may create a strategic U.S. uranium reserve, or that the Company may be one of the prime beneficiaries of any U.S. government support; any expectation that the recent actions of the U.S. Department of Commerce may reduce uranium and nuclear fuel imports into the U.S. from Russia over the long-term and eliminate the specter of more state-owned uranium imports entering the U.S.; any expectation that President Trump’s recent Executive Orders on critical minerals may be an important step toward the U.S. government providing tangible support and/or funding to producers and processors of critical minerals; any expectation that current spot and term uranium pricing cannot sustain new or existing primary supply; and any expectation that global uranium markets may continue their bounce-back. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans,” “expects,” “does not expect,” “is expected,” “is likely,” “budgets,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” “does not anticipate,” or “believes,” or variations of such words and phrases, or state that certain actions, events or results “may,” “could,” “would,” “might” or “will be taken,” “occur,” “be achieved” or “have the potential to.” All statements herein, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance of or achievements of the Company to be materially different from any future results, performance, or achievements, express or implied, by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: any expectation that the Company will maintain its position as the leading uranium producer in the United States; any expectation that being debt free will allow the Company to better weather market volatility, or allow the Company to increase uranium production when warranted or launch its rare earth element initiative; any expectation that the Company has a number of opportunities or catalysts in front of it which could result in significant cash flows for the Company; any expectation that the Administration and Congress may create a strategic U.S. uranium reserve, or that the Company may be one of the prime beneficiaries of any U.S. government support; any expectation that the recent actions of the U.S. Department of Commerce may reduce uranium and nuclear fuel imports into the U.S. from Russia over the long-term and eliminate the specter of more state-owned uranium imports entering the U.S.; any expectation that President Trump’s recent Executive Orders on critical minerals may be an important step toward the U.S. government providing tangible support and/or funding to producers and processors of critical minerals; any expectation that current spot and term uranium pricing cannot sustain new or existing primary supply; any expectation that global uranium markets may continue their bounce-back; and the other factors described under the caption “Risk Factors” in the Company’s most recently filed Annual Report on Form 10-K, which is available for review on EDGAR at www.sec.gov/edgar.shtml, on SEDAR at www.sedar.com, and on the Company’s website at www.energyfuels.com. Forward-looking statements contained herein are made as of the date of this news release, and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or as a result of changes in management’s estimates or opinions, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. The Company assumes no obligation to update the information in this communication, except as otherwise required by law.

SOURCE Energy Fuels Inc.

For further information: Energy Fuels Inc., Curtis Moore – VP – Marketing & Corporate Development, (303) 974-2140 or Toll free: (888) 864-2125, investorinfo@energyfuels.com,
www.energyfuels.com

Release – Palladium One step out hole delivers wide, high-grade mineralization at Kaukua South

Posted on October 6, 2020 by Admin

Palladium One step out hole delivers wide, high-grade mineralization at Kaukua South

October 06, 2020 – Toronto, Ontario – The first assay results from the resumed Phase I drill program at the LK Project in Finland has retuned a wide zone, of shallow, high grade palladium mineralization in the Kaukua South Extension, said Palladium One Mining Inc. (“Palladium One” or the “Company”) (TSXV: PDM, FRA: 7N11, OTC: NKORF) today. Hole LK20-014 returned a core zone of 72.0 m at 1.96 g/t palladium equivalent (Pd_Eq)* within a wider zone of 145.5m at 1.26 g/t Pd_Eq.

Key highlights:

Continuity between holes LK20-006 and LK20-014 demonstrates potential to rapidly add tonnes and thereby scale to existing NI 43-101 resources.
Shallow mineralization developing at scale within the Kaukua South Zone.
Starting at only 13.5 meters downhole, hole LK20-014 returned 145.5 m at 1.26 g/t Pd_Eq. with a core zone of 72 m at 1.96 g/t Pd_Eq.
Hole LK20-014 is 100 m east of hole LK20-006 which returned 166.7 m at 1.27 g/t Pd_Eq. with a core zone of 63.4 m at 1.88 g/t Pd_Eq.

“Results from the Kaukua South Zone continue to indicate that the Kaukua area hosts the footprint of a large-scale, shallow, mineralized system displaying continuity,” said Derrick Weyrauch, President and Chief Executive Officer.

Hole LK20-014 is 100 m east of hole LK20-006 (see news release dated August 11, 2020), which returned nearly identical grades and widths (Table 1) and is 800 m east of hole KAU-08-035, which returned a core zone of 33 m at 1.90 g/t Pd_Eq (Figure 1).

These consistent core intercepts validate the Company’s thesis that there are more tonnes than initially thought at Palladium One’s LK Project in Finland. The shallow and high-grade core intercepts provide the opportunity to significantly increase the existing NI 43-101 Kaukua open pit resource.

Phase 1 Drill Program Update

The Company continues to log and sample the drill core from the recently completed drilling program. Fourteen holes totalling 2,566 m were completed during the resumed program in August and September, bringing the total Phase I exploration drilling program to 26 holes totalling 4,490 m.

*Palladium Equivalent

Palladium equivalent (Pd_Eq) is calculated using US$1,100/oz for palladium, US$950/oz for platinum, US$1,300/oz for gold, US$6,614/t for copper and US$15,432/t for nickel as used in the Company’s 2019, 43-101 mineral resource estimate on the Kaukua Deposit (see press release September 9, 2019).

Figure 1

This figure shows the greater Kaukua Area, the NI 43-101 compliant Kaukua Open Pit resource, Murtolampi and Kaukua South zones. The new drill defined three-kilometer eastern extension of the Kaukua South zone is shown with the resumed Phase I drill holes labelled in red.

Figure 2

Kaukua South Long section showing IP Chargeability isoshells and down hole logged sulfide percentages, resumed Phase I drill holes labelled in red.

Figure 3

Kaukua South cross section, looking west showing hole LK20-014.

QA/QC

The Phase I drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored indoors in a secure facility, in Taivalkoski, Finland. The drill core samples were transported by courier from the Company’s core handling facility in Taivalkoski, Finland, to ALS Global (“ALS”) laboratory in Outokumpu, Finland. ALS, is an accredited lab and are ISO compliant (ISO 9001:2008, ISO/IEC 17025:2005). PGE analysis was performed using a 30 grams fire assay with an ICP-MS or ICP-AES finish. Multi-element analyses, including copper and nickel were analysed by four acid digestion using 0.25 grams with an ICP-AES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance at the time of import. All standards associated with the results in this press release were determined to be acceptable within the defined limits of the standard used.

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43- 101.

About Palladium One

Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-coppernickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladiumdominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit resource.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

The Timing of a COVID Vaccine

Posted on October 6, 2020 by Admin

Does it Matter if the President and FDA Disagree on What’s Best?

Vaccines and therapeutics typically require years, even decades, of research and laboratory testing before being elevated to clinical trials. Today, pharmaceutical companies, with support from the government, are racing to produce an effective SARS-CoV-2 vaccine by year-end 2020. Researchers are now evaluating for safety and efficacy 44 vaccines in clinical trials on humans, 91 preclinical vaccines are at an earlier stage where they are being tested in animals.

This is a rampant pace. Work began deciphering the COVID-19 genome as early as January. The first human vaccine safety trials began just a few months later; by any measure, this is a fast track pace, fraught with uncertainty as short-term and long-term results are unknowable.

Role of the FDA

The Food and Drug Administration (FDA) regulates vaccines and other medications. After a rigorous review of laboratory and clinical results to ensure safety, benefits, and side effects, a product may be approved to be used for a specific illness. There are currently no vaccines available for the prevention of COVID-19. An approval cycle that typically takes years is being expedited. In the case of the 2020 pandemic, the FDA has shortened standard testing periods and is providing timely advice and closer than normal interactions with vaccine developers. The FDA is also supporting product development and scaling up of manufacturing capacity for high-priority vaccines to be used against COVID-19.

Can You Rush Success?

Some things cannot be known with any vaccine or therapeutic without years of study. Certainty only comes with approved use in the broader population over time. The FDA has allowed an emergency pace for the development of treatment and preventatives to the novel coronavirus, and first-generation treatments are in the final phase of testing. The results and approved products are expected to become available in the coming months. The FDA guidelines related to COVID-19 allow a fast pace by any measure; however, the White House believes the country would be served better if the rollout was accelerated even quicker.

Are the White House and the FDA at Odds?

The FDA’s instructions are that vaccine developers follow test-case patients for at least two months to rule out safety issues before they seek emergency approval. This requirement does not sit well with the White House as they believe there is “no clinical or medical reason” for the additional requirement. They have taken steps to “overrule” this two-month step.

On the FDA side, Commissioner Stephen Hahn has been acting to shore up public confidence in the FDA’s vaccine fast pace review for weeks. He has vowed not to be swayed by any political agenda to get a cure or preventative out sooner than prudence would dictate. He believes career scientists, not politicians, are best suited to decide if a new product is safe and effective for mass vaccination.

President Trump has insisted that a vaccine could be authorized before Election Day; his motivations are based more on returning the country to a pre-COVID state as soon as humanly possible. Scientists involved at the FDA are not as comfortable ignoring cautionary protocols.

Actual Impact of White House Impatience

Beyond the strained relationship and perception of overruling the Food and Drug Administration, the impact of the White House action to block current vaccine guidelines may be inconsequential.

Only one drug maker, Pfizer (PFE) has suggested it meets all the criteria and could provide data on the safety and effectiveness of its vaccine before November. Afterward, the FDA would need to closely review the scientific studies and approve or reject their product. This would take time. Pfizer’s competitors Moderna (MRNA), AstraZeneca (AZN), and Johnson & Johnson (JNJ) are working on longer researcher timelines.

It is not out of the question that therapeutics currently under study will reach the approval process sooner than a vaccine. Any vaccine approval may be followed by more effective options later on by companies working on a longer timeline.

Suggested Videos:

Genprex Virtual Road Show

PDS Biotechnology C-Suite Series

Dyadic Int’l C-Suite Series

Dyadic International (DYAI)

Wednesday October 14 1:00pm EDT

Virtual Meeting With:

Mark Emalfarb – President & CEO

Sources:

White House nixes updated FDA guidelines on vaccine approval

Everything you need to know about what it would take for the FDA to approve a COVID-19 vaccine

Coronavirus Vaccine Tracker

When Will You Be Able to Get a Coronavirus Vaccine?

White House Takes Issue With FDA’s Plans for Authorizing a Covid-19 Vaccine

Photo: Jernej Furman, Vaccine Syringes With Flag of the United States of America (Changes made to height)

Industry Report – Metals and Mining Third Quarter Review and Outlook

Posted on October 5, 2020 by Admin

Monday, October 5, 2020

Minerals Industry Report

Metals & Mining Third Quarter Review and Outlook

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to end of report for Analyst Certification & Disclosures

Mining companies outperformed the broader market. During the third quarter of 2020, mining companies (as measured by the XME) gained 9.7% compared to 8.5% for the broader market as measured by the S&P 500 index. The VanEck Vectors Gold Miners (GDX) and Junior Gold Miners (GDXJ) ETFs were up 6.8% and 11.7%, respectively. During the third quarter, gold futures prices increased 4.1%, while silver futures prices increased 26.1%. While gold has retreated from its all-time high in August, it is up 22.2% year-to-date through September 30. With respect to base metals, copper and zinc futures prices increased 11.8% and 18.6%, respectively, while the lead futures price declined 1.9%. Given that most metals built on price gains achieved during the second quarter, we might expect improved third quarter financial results.
Outlook for precious metals remains constructive. With the upcoming U.S. elections, both parties appear to support continued fiscal spending, while the Federal Reserve has already signaled accommodative policies for the foreseeable future. During the third quarter, the U.S. dollar index fell 3.6% and is down 3.0% for the year after peaking in March. While we expect the USD to maintain its status as the world’s reserve currency, we see few catalysts for it to strengthen materially due to continued low interest rates, an expanding money supply, a widening trade deficit, increasing U.S. debt which stood at 135% of GDP at the end of the second quarter, and the Federal Reserve’s inclination to allow inflation to drift above its 2% target.
Base metals could benefit from increased economic activity. We expect base metals to benefit from continued fiscal stimulus and a focus on infrastructure spending. In our view, demand should increase as economic activity improves following the depths of the pandemic’s impact on demand, coupled with the need to rebuild inventories. Additionally, we see demand for metals, including copper, nickel, silver and palladium benefiting from secular themes, including a push toward electrification and green technologies.
Mining equities provide leverage to commodity price strength. In our view, the backdrop remains constructive for both precious and base metals since both are likely to benefit from continued fiscal and monetary stimulus and their repercussions. However, there is a risk of greater regulation of mining in the United States should the Democratic Party sweep the election.

GENERAL DISCLAIMERS

All statements or opinions contained herein that include the words “we”, “us”, or “our” are solely the responsibility of Noble Capital Markets, Inc.(“Noble”) and do not necessarily reflect statements or opinions expressed by any person or party affiliated with the company mentioned in this report. Any opinions expressed herein are subject to change without notice. All information provided herein is based on public and non-public information believed to be accurate and reliable, but is not necessarily complete and cannot be guaranteed. No judgment is hereby expressed or should be implied as to the suitability of any security described herein for any specific investor or any specific investment portfolio. The decision to undertake any investment regarding the security mentioned herein should be made by each reader of this publication based on its own appraisal of the implications and risks of such decision.

This publication is intended for information purposes only and shall not constitute an offer to buy/sell or the solicitation of an offer to buy/sell any security mentioned in this report, nor shall there be any sale of the security herein in any state or domicile in which said offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or domicile. This publication and all information, comments, statements or opinions contained or expressed herein are applicable only as of the date of this publication and subject to change without prior notice. Past performance is not indicative of future results. Noble accepts no liability for loss arising from the use of the material in this report, except that this exclusion of liability does not apply to the extent that such liability arises under specific statutes or regulations applicable to Noble. This report is not to be relied upon as a substitute for the exercising of independent judgement. Noble may have published, and may in the future publish, other research reports that are inconsistent with, and reach different conclusions from, the information provided in this report. Noble is under no obligation to bring to the attention of any recipient of this report, any past or future reports. Investors should only consider this report as single factor in making an investment decision.

IMPORTANT DISCLOSURES

This publication is confidential for the information of the addressee only and may not be reproduced in whole or in part, copies circulated, or discussed to another party, without the written consent of Noble Capital Markets, Inc. (“Noble”). Noble seeks to update its research as appropriate, but may be unable to do so based upon various regulatory constraints. Research reports are not published at regular intervals; publication times and dates are based upon the analyst’s judgement. Noble professionals including traders, salespeople and investment bankers may provide written or oral market commentary, or discuss trading strategies to Noble clients and the Noble proprietary trading desk that reflect opinions that are contrary to the opinions expressed in this research report.
The majority of companies that Noble follows are emerging growth companies. Securities in these companies involve a higher degree of risk and more volatility than the securities of more established companies. The securities discussed in Noble research reports may not be suitable for some investors and as such, investors must take extra care and make their own determination of the appropriateness of an investment based upon risk tolerance, investment objectives and financial status.

Company Specific Disclosures

The following disclosures relate to relationships between Noble and the company (the “Company”) covered by the Noble Research Division and referred to in this research report.
Noble is not a market maker in any of the companies mentioned in this report. Noble intends to seek compensation for investment banking services and non-investment banking services (securities and non-securities related) with any or all of the companies mentioned in this report within the next 3 months

ANALYST CREDENTIALS, PROFESSIONAL DESIGNATIONS, AND EXPERIENCE

Senior Equity Analyst focusing on Basic Materials & Mining. 20 years of experience in equity research. BA in Business Administration from Westminster College. MBA with a Finance concentration from the University of Missouri. MA in International Affairs from Washington University in St. Louis.
Named WSJ ‘Best on the Street’ Analyst and Forbes/StarMine’s “Best Brokerage Analyst.”
FINRA licenses 7, 24, 63, 87

WARNING

This report is intended to provide general securities advice, and does not purport to make any recommendation that any securities transaction is appropriate for any recipient particular investment objectives, financial situation or particular needs. Prior to making any investment decision, recipients should assess, or seek advice from their advisors, on whether any relevant part of this report is appropriate to their individual circumstances. If a recipient was referred to Noble Capital Markets, Inc. by an investment advisor, that advisor may receive a benefit in respect of
transactions effected on the recipients behalf, details of which will be available on request in regard to a transaction that involves a personalized securities recommendation. Additional risks associated with the security mentioned in this report that might impede achievement of the target can be found in its initial report issued by Noble Capital Markets, Inc. This report may not be reproduced, distributed or published for any purpose unless authorized by Noble Capital Markets, Inc.

RESEARCH ANALYST CERTIFICATION

Independence Of View
All views expressed in this report accurately reflect my personal views about the subject securities or issuers.

Receipt of Compensation
No part of my compensation was, is, or will be directly or indirectly related to any specific recommendations or views expressed in the public appearance and/or research report.

Ownership and Material Conflicts of Interest
Neither I nor anybody in my household has a financial interest in the securities of the subject company or any other company mentioned in this report.

NOBLE RATINGS DEFINITIONS	% OF SECURITIES COVERED	% IB CLIENTS
Outperform: potential return is >15% above the current price	88%	41%
Market Perform: potential return is -15% to 15% of the current price	12%	5%
Underperform: potential return is >15% below the current price	0%	0%

NOTE: On August 20, 2018, Noble Capital Markets, Inc. changed the terminology of its ratings (as shown above) from “Buy” to “Outperform”, from “Hold” to “Market Perform” and from “Sell” to “Underperform.” The percentage relationships, as compared to current price (definitions), have remained the same. Additional information is available upon request. Any recipient of this report that wishes further information regarding the subject company or the disclosure information mentioned herein, should contact Noble Capital Markets, Inc. by mail or phone.

Noble Capital Markets, Inc.
225 NE Mizner Blvd. Suite 150
Boca Raton, FL 33432
561-994-1191

Noble Capital Markets, Inc. is a FINRA (Financial Industry Regulatory Authority) registered broker/dealer.
Noble Capital Markets, Inc. is an MSRB (Municipal Securities Rulemaking Board) registered broker/dealer.
Member – SIPC (Securities Investor Protection Corporation)

Report ID: 11736

Metals & Mining | October 5, 2020

Great Lakes Dredge & Dock (GLDD) – New Announcements Push 3Q2020 Awards to $417 Million

Posted on October 5, 2020 by Admin

Monday, October 05, 2020

Great Lakes Dredge & Dock (GLDD)

New Announcements Push 3Q2020 Awards to $417 Million

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The company only’s operating segments is Dredging. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Port expansion, and others.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

3Q2020 Awards now total $416.8 million with six new awards for $59.8 million announced at the end of last week. The scope of work is broad and the awarded work includes a total of 21 projects, including six capital awards for $195.1 million, eight maintenance awards for $111.0 million, and seven coastal protection awards for $110.7 million. While awards of $452.5 million were announced in 3Q2020, three awards for $35.8 million were related to 2Q2020 awards, so the 3Q2020 award figure excludes those awards. Also, the 3Q2020 award number is even higher since there was an unquantified award in July from Bechtel for work on a LNG project.

October Awards. On October 2nd, six awards for $59.8 million were announced. As detailed in previous research notes, several dredging awards had been posted on government web sites in September, but not yet announced. The most recent press release captures the remaining to-be-announced awards, including three maintenance awards for $26.2 million, two coastal protection awards for…

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.

Release – Chakana Copper To Host Town Hall Webinar

Posted on October 5, 2020 by Admin

Chakana Copper To Host Town Hall Webinar

Vancouver, B.C., October 5, 2020 – Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) (the “Company” or “Chakana”) is pleased to announce that it will be Hosting a Town Hall Webinar on October 6, 2020, at 11:00 am EST.

David Kelley, President and CEO, will update shareholders on recent drill results on its Soledad Property in Peru and what the recent discoveries and results mean for the project and the company going forward.

The Soledad project consists of high-grade copper gold silver mineralization hosted in tourmaline breccia pipes. The company recently initiated a 15,000-meter drill program at Soledad that started August 15th having previously completed a total of 30,273 meters of drilling on the property on multiple mineralized breccia pipes.

The Webinar will be interactive and will be hosted by Follow the Money Investment Group. All stakeholders and interested investors are welcome to tune in and participate with questions. The playback will then be available on the Company’s website.

To participate in the Town Hall Webinar please register here: https://www.bigmarker.com/ftmig1/Chakana-Copper-Town-Hall-Meeting?utm_bmcr_source=peru

About Chakana Copper

Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the high-grade gold-coppersilver Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project consists of high-grade gold-copper-silver mineralization hosted in tourmaline breccia pipes. A total of 31,641 metres of drilling has been completed to-date, testing eight (8) of twenty-three (23) confirmed breccia pipes with more than 92 total targets. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to several metals including copper, gold, and silver. For more information on the Soledad project, please visit the website at www.chakanacopper.com.

About Follow the Money Investment Group

Follow the Money Investor Group is an investor focused digital marketing company that provides the content and information needed for investors to navigate the ever-changing capital markets. Our global community uses our platform to discuss and collaborate daily on all facets of their current and potential investments. Our goal is to help retail investors make the right financial decisions that fit their individual needs.

ON BEHALF OF THE BOARD

(signed) “David Kelley”
David Kelley
President and CEO

For further information contact:
Joanne Jobin, Investor Relations Officer
Phone: 647 964 0292
Email: jjobin@chakanacopper.com

A Feather in the Cap of Robinhood Traders

Posted on October 4, 2020 by Admin

Ignore the Anecdotes, Robinhood Traders are Solid Investors (Mostly)

Taking positions in bankrupt corporations, indefinitely berthed cruise lines, airline stocks, cannabis, unknown electric vehicle startups, equities that legendary investors are short, and Chinese retailers are all activities Robinhood traders have been ridiculed for. But is the reputation deserved? As a group, the performance of these self-directed investors can be measured. True analysis (not anecdotes) has tested the hypothesis that “they’re all nuts.” This analysis has been done covering the last two years’ worth of data on customers of the company. The results run counter to the reputation these presumably younger, inexperienced investors have been tagged with. The collective Robinhood buys and sells, as a portfolio did not underperform when compared to standard academic benchmark models.

What Was Learned

The National Bureau of Economic Research released a working paper late last month titled: “RETAIL RAW: WISDOM OF THE ROBINHOOD CROWD AND THE COVID CRISIS.” At the heart of the paper, the author, Ivo Welch, a finance professor at UCLA’s Anderson School of Management, looked at the holdings and results of all Robinhood transactions (since inception), using information available through *Robintrack. He then compared risk/reward to professional money managers’ performance, cash, and the overall market. His results uncovered that Robinhood user’s portfolios, on average, contain 5% of small, less liquid stocks that may be subject to much wider price swings. These smaller positions are often in companies the younger demographic is very familiar with. They also included industries that had either been beaten down, could potentially benefit from the COVID-19 economy, or those nearing a breakthrough of one kind or another. A much higher percentage of the positions were similar to those held in managed major index mutual funds. Although RH investors have created volume spikes and even price spikes in lesser-known companies, these were not their largest trading plays. By Professor Welch’s calculations, up to 60% of Robinhood investors’ holdings were stocks with large daily volumes. Companies with the heaviest weights in the average Robinhood portfolio according to the study include Ford Motor Co., General Electric Co., American Airlines Group Inc., and Walt Disney Co.

“The actual RH investors portfolio (ARH) was not as crazy as these ‘anecdotal holdings would suggest,” writes Ivo Welch. “Instead, most of the interest of RH investors revolved around larger and highly liquid firms.” The 5% held in smaller companies with lower volumes could easily be argued as appropriate or even prudent for the younger investor. It was additive to the aggregate portfolio outperformance.

New York Times, July 8, 2020

Smoothed Pandemic Crisis Selling

The RH self-directed investors are impacting price movements in ways unexpected by more experienced professionals. This is getting more attention from veteran traders as individuals now account for 20% of equity trading. This makes it important to understand them, and foolish to ignore. Welch’s paper provides that the composite model Robinhood equity portfolio has outperformed so far in 2020, and the presence of individual investors has possibly acted as a dampening force during a volatile environment. Whenever the stock market fell in 2020, spikes in retail buying occurred as early as the next day. Then, the second surge in RH volume usually occurred roughly three days after a spike down. Three days is about the time it takes to complete an ACH transfer and make sure there’s good funds in an account.

Stock Market performance vs. Robinhood Interest 2018-2020

The combined actions of RH trader’s willingness to buy into selling served them and the overall market well. The top plot shows the total Robinhood investment account size (blue/red) charted against the incidence of the word “Covid” on Google Trends (green). It clearly shows RH investing accelerated at the beginning of the crisis in the U.S. The bottom plot shows the change in Robinhood holdings (black) against the changes in the value of the S&P 500. The drop in the overall market was met with growth in total RH portfolio value. RH investors did not panic or experience margin calls. Instead, there is evidence that as the stock market declined, they actively added cash to fund purchases of more stocks.

CNBC June 12, 2020

Method of Comparison

After downloading stock data from Robintrack, which aggregated RH trades across all account owners, Professor Welch found that while it’s true that Robinhood investors have been attracted to “some rather odd stocks,” these shares are not Robinhood users’ largest holdings. Instead, the average Robinhood portfolio “was a lot more ordinary.” He then applied the Fama and French model to create a benchmark to measure performance against. Walsh broke down the significantly different styles within the holdings to capture size and value. He used their calculated weights and applied the weighting to a merged Value and S&P 500 portfolio. This is not a perfect measure but creates a reasonable benchmark of the full RH portfolio.

This is where naysayers may have to watch who they sneer at. The Robinhood portfolio, based on the collective wisdom of their cohorts, did not underperform. The alphas were positive, and despite the very short sample period, it is viewed as statistically significant at a respectable +1.3% per month.

What Is the Fama and French Three Factor Model?
The Fama and French Three-Factor Model (or the Fama French Model for short) is an asset pricing model developed in 1992 that expands on the capital asset pricing model (CAPM) by adding size risk and value risk factors to the market risk factor in CAPM. This model considers the fact that value and small-cap stocks outperform markets on a regular basis. By including these two additional factors, the model adjusts for this outperforming tendency, which is thought to make it a better tool for evaluating manager performance.
Investopedia

CNBC, June 15, 2020

What Robinhood Traders are Doing

It is not uncommon for veterans in any discipline to poke fun at newcomers that do things differently. This usually changes if the new way is more successful than the more accepted old way. When it comes to people’s money, this is doubly true. There are 13 million primarily young or new Robinhood self-directed investors. They have been stereotyped as unsophisticated followers who have yet to move out of their parent’s house and are throwing away their COVID-19 stimulus check in the markets. There may be some among the 13 million who fit this description. However, data supports the idea that as a whole, the performance of this group is quite admirable and should not be scorned.

On average, those pulling the trigger on trades through the Robinhood app performed well; they earned positive alpha versus cash, the overall market, and even the weighted Fama-French factor model. This simple two-variable model served as the proxy for the investment performance of small retail investors throughout the app trading universe. It will be interesting to see if the model vs. actual experience holds this level of performance over time. One variable during the measurement period with hard to assess influence is the timing of government stimulus checks, this may have impacted investible assets while the market was at a low for the year. Another variable is individuals out of work or working remotely during this period, they may have had more opportunity than normal to research and study some of the high potential names found in the 5% of their portfolio. Anecdotally, as a resource, Channelchek experienced a threefold increase in activity during 2020. A full 25% of that activity is from visitors 25-34 years-of-age accessing company research, articles, and other helpful content. More time to explore and solid resources once reserved for large institutions may also be a contributor to performance results.

Paul Hoffman

Managing Editor, Channelchek

Register for Access to Channelchek Premium and Channelchek Emails to Keep Your Fundamental Knowledge and Awareness of High Potential Offerings on Par With Your Peers. Free Registration

Each event in our popular Virtual Road Shows Series has a maximum capacity of 100 investors online. To take part, listen to and perhaps get your questions answered, see which virtual investor meetings intrigue you here.

Sources:

“Retail Raw: Wisdom of the Robinhood Crowd and the Covid Crisis”

Robinhood Traders Nailed the Market Bottom

Kramer Thinks Wall St Pros May Be Playing a Game With Amateur Robinhood Traders

Robinhood Risky Trading

Bloomberg Intelligence

*Robintrack, a website that provided updates on retail stock demand using Robinhood’s public application programming interface, was forced to shut in early August after the data feed was cut.

Release – Cocrystal Pharma Announces Notice of Pendency and Proposed Settlement of Stockholder Derivative Actions

Posted on October 2, 2020 by Admin

Cocrystal Pharma Announces Notice of Pendency and Proposed Settlement of Stockholder Derivative Actions

BOTHELL, WA, Oct. 02, 2020 (GLOBE NEWSWIRE) — Cocrystal Pharma, Inc. (NASDAQ: COCP) The following is being released by Cocrystal Pharma, Inc. pursuant to an order of the United States District Court, District of New Jersey, regarding Agreement of Settlement.

UNITED STATES DISTRICT COURT
DISTRICT OF NEW JERSEY

TRENT NICHOLS and SHARON NICHOLS, derivatively on behalf of COCRYSTAL PHARMA, INC. F/K/A BIOZONE PHARMACEUTICALS, INC.,

                Plaintiffs,
                vs.

ELLIOTT MAZA, GARY WILCOX, JEFFREY MECKLER, GERALD MCGUIRE, JAMES MARTIN, CURTIS DALE, RAYMOND SCHINAZI, DAVID BLOCK, PHILLIP FROST, JANE H. HSIAO, STEVEN RUBIN, BRIAN KELLER, BARRY C. HONIG, JOHN STETSON, MICHAEL BRAUSER, JOHN O’ROURKE III, MARK GROUSSMAN, and JOHN H. FORD,

Defendants,

and

COCRYSTAL PHARMA, INC. F/K/A BIOZONE PHARMACEUTICALS, INC.,

                Nominal Defendant.

Case No.: 2:19-cv-16751-KM-JBC

NOTICE OF PROPOSED SETTLEMENT OF DERIVATIVE ACTION TO CURRENT COCRYSTAL STOCKHOLDERS

NOTICE OF PROPOSED SETTLEMENT OF DERIVATIVE ACTION

TO: ALL OWNERS OF COCRYSTAL PHARMA, INC. F/K/A BIOZONE PHARMACEUTICALS, INC. (“COCRYSTAL” OR THE “COMPANY”) COMMON STOCK (TICKER SYMBOL: COCP) AS OF AUGUST 20, 2020, WHO CONTINUE TO OWN SUCH SHARES THROUGH DECEMBER 16, 2020 (“CURRENT COCRYSTAL STOCKHOLDERS”).

PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. THIS NOTICE RELATES TO A PROPOSED SETTLEMENT AND DISMISSAL OF STOCKHOLDER DERIVATIVE LITIGATION AND CONTAINS IMPORTANT INFORMATION REGARDING YOUR RIGHTS.

IF THE COURT APPROVES THE SETTLEMENT AND DISMISSAL OF THE DERIVATIVE LITIGATION, CURRENT COCRYSTAL STOCKHOLDERS WILL BE FOREVER BARRED FROM CONTESTING THE APPROVAL OF THE PROPOSED SETTLEMENT AND FROM PURSUING RELEASED CLAIMS.

THIS ACTION IS NOT A “CLASS ACTION.” THUS, THERE IS NO COMMON FUND UPON WHICH YOU CAN MAKE A CLAIM FOR A MONETARY PAYMENT.

PLEASE TAKE NOTICE that this action is being settled on the terms in a Stipulation and Agreement of Settlement, dated August 20, 2020 (the “Stipulation”). The purpose of this Notice is to inform you of:

the existence of the above-captioned derivative action and the related derivative actions captioned Church v. Maza, et al., Case No. 2:19-cv-00080 and Tutschek v. Schinazi, et al., Case No. 2:19-cv-01775, pending in the United States District Court, Western District of Washington, Seattle Division (collectively, the “Derivative Actions” or “Derivative Litigation”),
the proposed settlement between the Plaintiffs¹ and Defendants reached in the Derivative Actions (the “Settlement”),
the hearing to be held by the Court to consider the fairness, reasonableness, and adequacy of the Settlement,
certain Individual Defendants’ agreement to pay Plaintiffs’ Counsel’s fees and expenses, and
Plaintiffs’ applications for Service Awards.

This Notice describes what steps you may take in relation to the Settlement. This Notice is not an expression of any opinion by the Court about the truth or merits of Plaintiffs’ claims or Defendants’ defenses. This Notice is solely to advise you of the proposed Settlement of the Derivative Actions and of your rights in connection with the proposed Settlement.

Summary

On August 20, 2020, Plaintiffs, Cocrystal, in its capacity as a nominal defendant, and Elliot Maza, Gary Wilcox, Jeffrey Meckler, Gerald McGuire, James Martin, Curtis Dale, Raymond Schinazi, David Block, Phillip Frost, Jane H. Hsiao, Steven Rubin, Brian Keller, Barry C. Honig, John Stetson, Michael Brauser, John O’Rourke III, Mark Groussman, Todd Brady, and John Ford entered into the Stipulation in the above-captioned action filed derivatively on behalf of Cocrystal, in the United States District Court for the District of New Jersey (the “Court”) against all of the Individual Defendants except for Todd Brady. The Settlement, as documented in the Stipulation and subject to the approval of the Court, is intended by the Settling Parties to fully, finally, and forever compromise, resolve, discharge, and settle the Released Claims and to result in the dismissal of the Derivative Actions with prejudice, upon the terms and subject to the conditions set forth in the Stipulation. The proposed Settlement requires the Company to adopt certain corporate governance enhancements, as described in Exhibit A to the Stipulation, and provides that certain Individual Defendants shall pay a Fee and Expense Amount to Plaintiffs’ Counsel of two hundred seventy-five thousand dollars ($275,000.00) from which Service Awards to four Plaintiffs of one thousand dollars ($1,000.00) each, shall be paid (“Fee and Expense Award”).

¹ All capitalized terms used in this notice, unless otherwise defined herein, are defined as set forth in the Stipulation.

This notice is a summary only and does not describe all of the details of the Stipulation. For full details of the matters discussed in this summary, please see the full Stipulation posted on the Company’s website, https://ir.Cocrystalpharma.com/, contact Plaintiffs’ Counsel at the address listed below, or inspect the full Stipulation filed with the Clerk of the Court.

What is the Lawsuit About and Why is it being Settled?

Cocrystal is a publicly traded Delaware corporation with principal executive offices located in Bothell, Washington. The Derivative Actions were brought derivatively on behalf of Cocrystal and allege that the Individual Defendants breached their fiduciary duties by allegedly making and/or causing Cocrystal or its predecessor, BioZone Pharmaceuticals, Inc. (“BioZone”) to make misrepresentations and/or omissions of material fact in public statements, failing to maintain internal controls at Cocrystal or BioZone, engaging in allegedly improper promotion or manipulation of the market for BioZone’s securities, or aiding and abetting such breaches of fiduciary duty.

Defendants deny that a pre-suit demand on Cocrystal’s board of directors would have been futile and, therefore, excused. The Individual Defendants have denied, and continue to deny, any wrongdoing or liability arising out of or relating in any way to the events, conduct, statements, acts, or omissions alleged in the Derivative Actions. The Individual Defendants deny that Cocrystal or its shareholders were harmed by the conduct alleged in the Derivative Actions, and further assert that, at all times, they acted in good faith, and , to the extent they were officers or directors, in a manner they reasonably believed to be and that was in the best interests of Cocrystal and Cocrystal’s stockholders. The Individual Defendants assert that they have meritorious defenses to the claims in the Derivative Actions. Nonetheless, Defendants have entered into the Stipulation, without admitting or conceding any fault, liability, wrongdoing, or damage whatsoever, in order to avoid the burden and expense of further litigation.

The Court has not decided in favor of the Individual Defendants or Plaintiffs. Instead, both sides agreed to the Settlement to avoid the distraction, costs, and risks of further litigation. Plaintiffs and the Company believe that the corporate governance enhancements that the Company will adopt as part of the Settlement provide a substantial benefit to Cocrystal and its stockholders, and Plaintiffs and Plaintiffs’ Counsel believe the Settlement is in the best interests of Cocrystal and its stockholders.

The Settlement Hearing and Your Right to Object to the Settlement

On September 22, 2020, the Court entered an order preliminarily approving the Stipulation and the Settlement contemplated therein (the “Preliminary Approval Order”) and providing for the notice of the Settlement to be made to Current Cocrystal Stockholders. The Preliminary Approval Order further provides that the Court will hold a hearing (the “Settlement Hearing”) on December 16, 2020 at 3:00 p.m. before the Honorable Kevin McNulty, U.S. District Court, District of New Jersey, Courtroom PO 04, located at the Martin Luther King Building and United States Courthouse, 50 Walnut Street, Newark, New Jersey 07102, to among other things: (i) determine whether the proposed Settlement is fair, reasonable and adequate and in the best interests of the Company and its stockholders; (ii) consider any objections to the Settlement submitted in accordance with this Notice; (iii) determine whether a judgment should be entered dismissing all claims in the Derivative Actions with prejudice, and releasing the Released Claims against the Released Persons; (iv) determine whether to approve the Fee and Expense Amount to Plaintiffs’ Counsel; (v) determine whether to approve the Service Awards to Plaintiffs, which shall be funded from the Fee and Expense Award; and (vi) consider any other matters that may properly be brought before the Court in connection with the Settlement.

The Court may, in its discretion, change the date and/or time of the Settlement Hearing without further notice to you. The Court also has reserved the right to hold the Settlement Hearing telephonically without further notice to you. If you intend to attend the Settlement Hearing, please consult the Court’s docket on https://pacer.uscourts.gov/find-case and/or the website of Cocrystal, https://ir.Cocrystalpharma.com/, for any change in date, time or format of the Settlement Hearing.

Any Current Cocrystal Stockholder who wishes to object to the fairness, reasonableness, or adequacy of the Settlement as set forth in the Stipulation, or to the Fee and Expense Award, may file with the Court a written objection. An objector must at least fourteen (14) calendar days prior to the Settlement Hearing: (1) file with the Clerk of the Court and serve upon the below listed counsel a written objection to the Settlement setting forth (a) the nature of the objection; (b) proof of ownership of Cocrystal common stock as of August 20, 2020 and through the date of the objection, including the number of shares of Cocrystal common stock held and the date of purchase; (c) any and all documentation or evidence in support of such objection; and (d) the identities of any cases, by name, court, and docket number, in which the stockholder or his, her, or its attorney has objected to a settlement in the last three years; and (2) if intending to appear and requesting to be heard at the Settlement Hearing, he, she, or it must, in addition to the requirements of (1) above, file with the Clerk of the Court and serve on the below counsel (a) a written notice of his, her, or its intention to appear at the Settlement Hearing; (b) a statement that indicates the basis for such appearance; (c) the identities of any witnesses he, she, or it intends to call at the Settlement Hearing and a statement as to the subjects of their testimony; and (d) any and all evidence that would be presented at the Settlement Hearing. Any objector who does not timely file and serve a notice of intention to appear in accordance with this paragraph shall be foreclosed from raising any objection to the Settlement and/or the Fee and Expense Award and shall not be permitted to appear at the Settlement Hearing, except for good cause shown.

IF YOU MAKE A WRITTEN OBJECTION, IT MUST BE ON FILE WITH THE CLERK OF THE COURT NO LATER THAN DECEMBER 2, 2020. The Clerk’s address is:

Clerk of the Court
U.S. DISTRICT COURT, DISTRICT OF NEW JERSEY
Courtroom PO 04
50 Walnut Street
Newark, NJ 07102

YOU ALSO MUST DELIVER COPIES OF THE MATERIALS TO PLAINTIFFS’ COUNSEL AND DEFENDANTS’ COUNSEL SO THEY ARE RECEIVED NO LATER THAN DECEMBER 2, 2020. Counsel’s addresses are:

Counsel for Plaintiffs:

Timothy Brown THE BROWN LAW FIRM, P.C. 240 Townsend Square Oyster Bay, NY 11771	Gregory M. Nespole LEVI & KORSINSKI, LLP 55 Broadway, 10th Floor New York, NY 10006
Counsel for Defendants Gary Wilcox, Jeffrey Meckler, Gerald McGuire, James Martin, Curtis Dale, Raymond Schinazi, David Block, Jane H. Hsiao, Steven Rubin, and Todd Brady, and Nominal Defendant Cocrystal Pharma, Inc.: Ron Berenstain Sean Knowles PERKINS COIE LLP 1201 Third Avenue, Suite 4900 Seattle, WA 98101	Counsel for Defendant Barry Honig: Michael Sommer Adam Toporovsky WILSON SONSINI GOODRICH & ROSATI Professional Corporation 1301 Avenue of the Americas, 40th Floor New York, New York 10019
Counsel for Defendant John O’Rourke III Randy Luskey ORRICK, HERRINGTON & SUTCLIFFE LLP 405 Howard Street San Francisco, CA 94105	Counsel for Defendant John Stetson Daniel Walfish WALFISH & FISSELL PLLC 405 Lexington Avenue, 8^th Floor New York, NY 10174
Counsel for Defendant John Ford A. Ross Pearlson One Boland Drive West Orange, NJ 07052	Counsel for Defendant Michael Brauser Dennis Richard Melissa Mackiewicz RICHARD & RICHARD, P.A. 825 Brickell Bay Drive Tower III, Suite 1748 Miami, FL 33131
Counsel for Defendant Mark Groussman Kevin Walsh GIBBONS PC One Gateway Center Newark, NJ 07102	Counsel for Defendant Phillip Frost Robert J. Anello Edward M. Spiro MORVILLO ABRAMOWITZ GRAND IASON & ANELLO P.C. 565 Fifth Avenue New York, NY 10017
Defendant Elliot Maza 550 Sylvan Avenue, Suite 102 Englewood Cliffs, NJ 07632	Defendant Brian Keller 5058 Nortonville Way Antioch, CA 94531

An objector may file an objection on his, her or its own or through an attorney hired at his, her or its own expense. If an objector hires an attorney to represent him, her or it for the purposes of making such objection, the attorney must serve a notice of appearance on the counsel listed above and file such notice with the Court no later than fourteen (14) calendar days before the Settlement Hearing. Any Current Cocrystal Stockholder who does not timely file and serve a written objection complying with the above terms shall be deemed to have waived, and shall be foreclosed from raising, any objection to the Settlement and/or the Fee and Expense Award, and any untimely objection shall be barred.

Any objector who files and serves a timely, written objection in accordance with the instructions above, may appear at the Settlement Hearing either in person or through counsel retained at the objector’s expense. Objectors need not attend the Settlement Hearing, however, in order to have their objections considered by the Court.

If you are a Current Cocrystal Stockholder and do not take steps to object to the proposed Settlement and/or the Fee and Expense Award, you will be bound by the Judgment of the Court and will forever be barred from raising an objection to the Settlement and the Fee and Expense Award, and from pursuing any of the Released Claims.

If you held Cocrystal common stock as of August 20, 2020 and continue to hold such stock, you may have certain rights in connection with the proposed Settlement. You may obtain further information by contacting counsel for Plaintiffs at: Timothy Brown, The Brown Law Firm, P.C., 240 Townsend Square, Oyster Bay, NY 11771, Telephone: (516) 922-5427, Email: tbrown@thebrownlawfirm.net; Gregory M. Nespole, Levi & Korsinsky, LLP, 55 Broadway, 10th Floor, New York, NY 10007, Telephone: (212) 363-7500, Email: gnespole@zlk.com.

PLEASE DO NOT CALL THE COURT, DEFENDANTS, OR DEFENDANTS’ COUNSEL WITH QUESTIONS ABOUT THE SETTLEMENT.

All questions regarding this matter should be made to the Company’s Counsel at the addresses listed below:

Sean Knowles
Perkins Coie LLP
1201 Third Avenue Suite 4900
Seattle, WA 98101-3099

About Cocrystal Pharma, Inc.

Cocrystal Pharma, Inc. is a clinical stage biotechnology company discovering and developing novel antiviral therapeutics that target the replication process of influenza viruses, SARS-CoV-2 virus, hepatitis C viruses, and norovirus infections. Cocrystal employs unique structure-based technologies and Nobel Prize winning expertise to create first- and best-in-class antiviral drugs. For further information about Cocrystal, please visit www.cocrystalpharma.com.

Investor and Media Contact:

JTC Team, LLC
(833) 475-8247
COCP@jtcir.com

DLH Holdings Corp. (DLHC) – What Does the New Acquisition Bring?

Posted on October 2, 2020 by Admin

Friday, October 02, 2020

DLH Holdings Corp. (DLHC)

What Does the New Acquisition Bring?

DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offers services to several government agencies which include the Department of veteran affairs, Department of health and human services, Department of Defense and other government agencies. It operates primarily through prime contracts and also derives its revenue from agencies of the federal government, primarily as a prime contractor but also as a subcontractor to other Federal prime contractors.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Acquisition. Yesterday, DLH announced the acquisition of Irving Burton Associates (IBA) for $32 million, or $26.5 million after transaction-related tax benefits. IBA is a provider of research, systems development, and other technology-enabled solutions to the Defense Health Agency (DHA), the Telemedicine & Advanced Technology Research Center (TATRC) of the Army, and other DoD agencies. IBA will add approximately $25 million of revenue and $143 million of backlog. DLH financed the transaction through an amendment to its existing credit facility.

New Opportunities for DLH. IBA brings new opportunities to DLH, especially through its two key contracts: DHA and TATRC, both of which were renewed over the last year. DLH has minor presence in the Defense health segment at present. Management indicated there is room for growth at both the DHA and TATRC. IBA should add to DLH’s ability to deliver technology-enabled services to its federal …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Industry Report – Energy – Exploration and Production: 2020-3Q Review and Outlook

Posted on October 2, 2020 by Admin

Thursday, October 2, 2020

Energy Industry Report

Exploration and Production: 2020-3Q Review and Outlook

Michael Heim, CFA, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to end of report for Analyst Certification & Disclosures

Oil prices rebounded faster than expected but have stalled out at $40/BBL. The dismal days of the second quarter and the crash in oil prices are behind us. Still, few people in the energy industry are rejoicing about a return in oil prices to the $40 level. At current levels, thoughts have shifted from trying to survive to making sure operations are cash flow positive.
Natural gas prices rose sharply despite a rise in inventories. Normally, the summer months are quiet for natural gas prices given the seasonal nature of gas demand. Not this year. Surprisingly, the rise in natural gas prices comes despite an increase in gas inventories. Rising gas prices most likely reflect early predictions for a cold winter for most of the country. This is especially true for the highly populated eastern half of the country.
Energy stocks continue to fall. They have underperformed the overall index for ten consecutive quarters. Energy stocks, as measured by the XLE Energy Index, fell 20% in the second quarter compared to a 7% rise in the S&P 500 Composite Index. The September quarter marks the tenth consecutive quarter in which the XLE has underperformed the overall market. Over the last ten years, the XLE has declined 50% versus a 175% increase in the S&P Index.
Investors should focus on low-cost producers with good balance sheets. Investors would be wise to focus energy investment on companies with little to no debt and liquidity to continue to drill. A large hedge position may provide a lifeline. Low lifting costs per barrel remain important. A supportive ownership group with a long investment timeframe is also important.

Oil Prices

The dismal days of the second quarter and the crash in oil prices are behind us. Still, few people in the energy industry are rejoicing about a return in oil prices to the $40 level. At current levels, thoughts have shifted from trying to survive to making sure operations are cash flow positive. Managements are less focused on shutting in production or getting out of drilling contracts, but they are still concerned about cutting costs and focusing on the most profitable wells. And throughout it all is a general feeling that $40 per barrel could vanish quickly if anything else negative happened. Could the global economy shut down again if COVID cases accelerate as we enter the winter heating season? Will OPEC Plus members tire of output restrictions and raise production levels? Does the shift towards electric vehicles threaten a key component of oil demand? Will domestic production cost cutting continue to drive down oil prices regardless of supply and demand changes?

On the other hand, domestic oil production has declined to the reduced drilling. The EIA reports that U.S. crude oil production fell 21% between March and May before gaining half the decline back. Domestic producers have clearly shown an ability to respond quickly to oil price changes and that should dampen any impact that external events might have on oil prices.

Gas Prices

Natural Gas prices followed the trend of oil prices in the spring dropping from a price near $2 per mcf at the beginning of the year to a price under $1.50 by late June. Since then, natural gas prices have started to climb. The current futures price for next month deliveries is a robust $2.47 per mcf. Normally, the summer months are quiet for natural gas prices given the seasonal nature of gas demand. Not this year. Surprisingly, the rise in natural gas prices comes despite an increase in gas inventories. The chart below shows that gas inventories are the highest they have been in the last five years for this time of year. Rising inventories reflect a bounce-back in production and a decrease in liquified natural gas exports.

Rising gas prices most likely reflect early predictions for a cold winter for most of the country. This is especially true for the highly populated eastern half of the country. La Nina forecasts call for wetter-than-normal conditions in the northern half of the country that could mean heavy snowfall. The hope is that cold weather will result in increased heating demand for natural gas and will drive down inventory levels this winter.

Energy Stocks

Energy stocks, as measured by the XLE Energy Index, fell 20% in the second quarter compared to a 7% rise in the S&P 500 Composite Index. The September quarter marks the tenth consecutive quarter in which the XLE has underperformed the overall market. Over the last ten years, the XLE has declined 50% versus a 175% increase in the S&P Index.

The cause of the underperformance is, of course, lower energy prices. The underperformance also reflects the bull market. Although energy stocks benefit from growing demand associated with strong economic conditions, they also have characteristics of defensive stocks. They generally pay a high dividend yield. In fact, several energy companies such as Exxon Mobile now offer a dividend yield above 10%.

Outlook

The rebound in oil prices came faster than expected but seems to have stalled out at current price levels. A higher oil price was welcome news to leveraged energy companies facing negative cash flow and an inability to meet financial obligations. At prices in the forties, companies with a low-cost basis should generate positive cash flow. That said, marginal wells will most likely not be drilled, and production growth will be difficult. Companies must work to lower costs to adjust to $40 pricing, which is beginning to feel like the new normal for the foreseeable future. However, technology gains that came from applying hydraulic fracking and horizontal drilling to nonconventional formations will be hard to come by. Improvements are still being made by adjusting fracking intervals, viscosity, etc. However, these fine-tuning improvements yield small cost reductions, not the type that lower lifting costs by $10 per barrel.

We believe investors should continue to be wary regarding energy stocks. Investors would be wise to focus energy investment on companies with little to no debt and liquidity to continue to drill. A large hedge position may provide a lifeline. Low lifting costs per barrel remain important. A supportive ownership group with a long investment timeframe is also important. That said, there are compelling values within the group now that individual stock prices have fallen. We continue to believe energy prices will eventually return to higher levels with a return to more normal economic conditions and a supply response by domestic producers. We have adjusted our long-term oil and gas price assumption to $50/bbl and $2.50/mcf respectively, although we believe it may be a year or two before we reach those levels. Our individual stock net asset values and price targets are based off of our long-term energy price assumptions.

Company Specific Disclosures

The following disclosures relate to relationships between Noble and the company (the “Company”) covered by the Noble Research Division and referred to in this research report.
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NOBLE RATINGS DEFINITIONS	% OF SECURITIES COVERED	% IB CLIENTS
Outperform: potential return is >15% above the current price	88%	41%
Market Perform: potential return is -15% to 15% of the current price	12%	5%
Underperform: potential return is >15% below the current price	0%	0%

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Report ID: 11365

Release – Energy Fuels Applauds President Trump’s Executive Order

Posted on October 1, 2020 by Admin

Energy Fuels Applauds President Trump’s Executive Order Declaring State of Emergency to Address America’s Overreliance on Critical Minerals from Foreign Adversaries; Includes Uranium, Vanadium and Rare Earth Elements

Energy Fuels is a leading U.S. producer of uranium and vanadium and expects to soon enter the rare earth elements processing business

LAKEWOOD, Colo., Oct. 1, 2020 /CNW/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR)
(“Energy Fuels”), a leading producer of uranium and vanadium in the United States, is pleased to announce that last night President Trump issued an Executive Order on Addressing the Threat to the Domestic Supply
Chain from Reliance on Critical Minerals from Foreign Adversaries (the ”
Order“). The full text of the Order can be found here; President Trump’s message to Congress can be found here; and, a fact sheet summarizing the Executive Order can be found here. The Company believes the Order may be a major step toward providing tangible support and/or funding to be directed toward producers and processors of critical minerals, which may include Energy Fuels.

In 2018, the Secretary of Interior issued a final list of 35 minerals deemed critical to U.S. national security and the economy, which can be found here. The list includes uranium, vanadium, and the rare earth elements group. Energy Fuels has been the leading U.S. producer of uranium since 2017, and the Company’s assets have produced over 16 million pounds of uranium since 2006, placing the Company second only to Cameco in the U.S. In 2019, Energy Fuels produced 1.8 million pounds of high-purity vanadium, making the Company the largest producer of vanadium in the U.S. last year. Earlier this year, the Company announced its plan to enter into the rare earths processing business, where the Company believes its White Mesa Mill can play a critical role in bringing the rare earth element supply chain back to the U.S. At the end of 2020, the Company expects to hold significant inventories of both uranium and vanadium that have been produced in the U.S.

The Order was signed pursuant to the International Emergency Economic Powers Act, the National Energencies Act, and section 301 of title 3, United States Code, which includes the declaration of a national emergency “to deal with the threat posed by our Nation’s undue reliance on critical minerals, in processed or unprocessed form, from foreign adversaries.”

The Order requires “the Secretary of Interior, in consultation with the Secretary of Treasury, the Secretary of Defense, the Secretary of Commerce, and the heads of other executive departments and agencies, as appropriate, to investigate our Nation’s undue reliance on critical minerals….” Following this investigation, the Secretary of Interior shall submit a report to the President within sixty (60) days recommending additional executive actions, “which may include the imposition of tariffs or quotas, other import restrictions …, or other appropriate action, consistent with applicable law.”

Importantly for Energy Fuels, the Order also “begins the process for the Department of Interior to develop a program to use its authorities under the Defense Production Act (”
DPA“) to fund mineral processing that protects our national security.” Energy Fuels holds over 11.5 million pounds of licensed uranium processing capacity in three facilities, including two in situ recovery (”
ISR“) uranium facilities and the White Mesa Mill, which is the only conventional uranium and vanadium processing facility in the United States. This is more uranium processing capacity than any other U.S. uranium company, and Energy Fuels holds more in-ground uranium resources than any other U.S. uranium miner.

Mark S. Chalmers, President and CEO of Energy Fuels stated: “President Trump made a strong statement last night on the importance of bringing the production of critical minerals back to the United States. In 2018, the Administration deemed 35 minerals critical to U.S. national security and the economy. For 31 of these 35 minerals, the U.S. imports more than half of our requirements. And, for 14 of these 35 minerals, the U.S. is effectively 100% dependent on imports. These minerals are needed for aerospace, computers, cell phones, electrical generation and transmission, renewable energy systems and batteries, and advanced electronics. This is an unacceptable situation for a superpower like the United States, and we applaud President Trump for taking bold action to address this critical need.

“Energy Fuels stands ready to do our part in bringing uranium, vanadium and rare earth element processing and production back to the United States. We have led uranium industry efforts in Washington DC over the past three years to bring the issue of mineral supply chain security to the forefront, beginning with our Uranium Section 232 Petition, in which we asked the President to impose quotas on uranium imports. Unfortunately, despite expressing strong support for domestic uranium producers, the Administration has not yet turned their strong support into definitive actions. Energy Fuels strongly supports the President’s declaration of a national emergency and invoking the Defense Production Act to free up the immediate government funding required to bring uranium production back to the United States and reduce our current dependency on imports from foreign adversaries, while also helping to fund U.S. vanadium and rare earth element production.

“Energy Fuels will continue our efforts in Washington, DC towards seeing that last night’s announcement results in real, tangible support for U.S. uranium, vanadium and rare earth element producers.”

About Energy Fuels: Energy Fuels is a leading US-based
uranium mining company, supplying U₃O₈ to major nuclear
utilities. The Company also produces vanadium from certain of its projects, as
market conditions warrant, and is evaluating the potential to also recover rare
earth elements at its White Mesa Mill. Its corporate offices are near Denver,
Colorado, and all of its assets and employees are in the United States. Energy
Fuels holds three of America’s key uranium production centers, the White Mesa
Mill in Utah, the Nichols Ranch ISR Project in Wyoming, and the Alta Mesa ISR
Project in Texas. The White Mesa Mill is the only conventional uranium mill
operating in the U.S. today, has a licensed capacity of over 8 million pounds
of U₃O₈ per year, and has the ability to produce vanadium
when market conditions warrant. The Nichols Ranch ISR Project is on standby and
has a licensed capacity of 2 million pounds of U₃O₈ per
year. The Alta Mesa ISR Project is also on standby and has a licensed capacity
of 1.5 million pounds of U₃O₈ per year. In addition to
the above production facilities, Energy Fuels also has one of the largest NI
43-101 compliant uranium resource portfolios in the U.S., and several uranium
and uranium/vanadium mining projects on standby and in various stages of permitting
and development. The primary trading market for Energy Fuels’ common shares is
the NYSE American under the trading symbol “UUUU”, and the Company’s
common shares are also listed on the Toronto Stock Exchange under the trading
symbol “EFR.” Energy Fuels’ website is www.energyfuels.com.

Cautionary Notes: This news release contains
certain “Forward Looking Information” and “Forward Looking
Statements” within the meaning of applicable United States and Canadian
securities legislation, which may include, but is not limited to, statements
with respect to: any expectation that the Order may be a major step toward
providing tangible support and/or funding to be directed toward producers and
processors of critical minerals, which may include Energy Fuels; any
expectation that the Company’s White Mesa Mill can play a critical role in
bringing the rare earth element supply chain back to the U.S.; any expectation
that the Order may help to fund U.S. uranium, vanadium and/or rare earth
element production; any expectation as to how or to the extent the Order may be
implemented and that the Order may result in real, tangible support for U.S.
uranium, vanadium and rare earth element producers; any expection as to any
inventories of both uranium and vanadium that the Company may hold at any time;
and any expectation that the Company may to soon enter the rare earth elements
processing business. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as “plans,”
“expects,” “does not expect,” “is expected,”
“is likely,” “budgets,” “scheduled,”
“estimates,” “forecasts,” “intends,”
“anticipates,” “does not anticipate,” or
“believes,” or variations of such words and phrases, or state that
certain actions, events or results “may,” “could,”
“would,” “might” or “will be taken,”
“occur,” “be achieved” or “have the potential
to.” All statements, other than statements of historical fact, herein are
considered to be forward-looking statements. Forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements express or
implied by the forward-looking statements. Factors that could cause actual
results to differ materially from those anticipated in these forward-looking
statements include risks associated with: any expectation that the Order may be
a major step toward providing tangible support and/or funding to be directed toward
producers and processors of critical minerals, which may include Energy Fuels;
any expectation that the Company’s White Mesa Mill can play a critical role in
bringing the rare earth element supply chain back to the U.S.; any expectation
that the Order may help to fund U.S. uranium, vanadium and/or rare earth
element production; any expectation as to how or to the extent the Order may be
implemented and that the Order may result in real, tangible support for U.S.
uranium, vanadium and rare earth element producers; any expection as to any
inventories of both uranium and vanadium that the Company may hold at any time;
any expectation that the Company may to soon enter the rare earth elements
processing business; and the other factors described under the caption
“Risk Factors” in the Company’s most recently filed Annual Report on
Form 10-K, which is available for review on EDGAR at www.sec.gov/edgar.shtml, on SEDAR at www.sedar.com, and on the Company’s website at www.energyfuels.com. Forward-looking statements
contained herein are made as of the date of this news release, and the Company
disclaims, other than as required by law, any obligation to update any
forward-looking statements whether as a result of new information, results, future
events, circumstances, or if management’s estimates or opinions should change,
or otherwise. There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, the reader
is cautioned not to place undue reliance on forward-looking statements. The
Company assumes no obligation to update the information in this communication,
except as otherwise required by law.

SOURCE Energy Fuels Inc.

For further information: Energy Fuels Inc., Curtis Moore – VP – Marketing & Corporate Development, (303) 974-2140 or Toll free: (888) 864-2125, investorinfo@energyfuels.com,
www.energyfuels.com

Year-Over-Year Performance at the End of Q3

Posted on October 1, 2020 by Admin

A Peek at Stock Market Performance as We Enter 2020’s Final Round

If you looked at the stock market major index levels on 12/31 and then not again until 9/30, you’d think not much has happened — boring
year. Despite the overall market’s rise since the beginning of the second quarter, two major indexes are essentially where they were at the beginning of 2020. The S&P 500 is up 5.57%, while the Dow Industrials is down .91%. The extreme outlier is the Nasdaq Composite with its high weighting of tech stocks; it’s up 24% going into the last quarter of the year.

Who’s Ahead?

Among the non-tech big winners last quarter are home builders. Builders have benefited from low rate mortgages, moves away from metropolitan areas, and a growing need for more home workspace. This, of course, is related to the pandemic and, to a lesser extent, riots. Currently, there is a historic shortage of new and existing homes for sale. An August 19 article in Forbes magazine recommends that with large home builder stocks up from 22% to 172%, they may be overvalued. Forbes contributor Richard Suttmeier writes: “You can be long, homebuilders, when their P/E ratios are 8 and lower. Today the P/E ratios are between 11.16 and 13.68.” An increased cost of lumber and other forest products are also beginning to pull from builders’ expected net profits.

Tech favorites and growth stocks made exceptional moves upward, particularly the behemoths like Apple, which crossed the $2 trillion mark. This leaves the computer and smartphone maker bigger than the entire global markets (shares were up 27% during the 3^rd quarter).

More on Markets

Other stocks that are way ahead are Zoom, an online communications company that was off most everyone’s radar at the beginning of the year, and Tesla, which people have argued for years, is overvalued. In August, Tesla reached a new high, which provided a market value of more than $400 billion. The shares almost doubled in the third quarter as both institutions and self-directed investors poured money in. Both stocks have been favorites among institutions, as well as self-directed investors, many of whom are new to trading stocks or have ramped up activity significantly this year.

New Contenders

Investors this year have also waved in shares of companies that are new to the public markets. A fresh example of this is shares of software companies Palantir Technologies and Asana, which started trading Wednesday on the New York Stock Exchange, both turning in excellent initial results. Their successful entrance, along with others to the public markets, demonstrates how healthy the appetite for new issues remains this year, particularly as investors have favored technology and biotech companies.

The Economy

The economy has steadily improved since the initial pandemic shutdown. Although the pace of GDP growth is not what it was at the start of the year, there is movement back toward low unemployment, high production, and increased consumer spending. These figures over the past six months have shown steady improvement, many times surprising on the positive side. They still remain far from where they were at the start of 2020.

Meanwhile, the Federal Reserve approved a shift in how it sets interest rates in the third quarter by signaling it would target low rates for years. This provides low operating costs to corporations with high debt. A more subtle tailwind for stocks is that the fixed income markets compete with the equity markets for investor dollars. Low rates make bonds less attractive, and the risk/return on select equities more appealing.

Fourth Quarter

COVID numbers in the U.S. continue to go down, and the number of states declaring they will not shut down their economy continues to rise. This points toward increased economic activity. The question, of course, is, has this already been factored into today’s equity valuations? In some sectors, like homebuilding, it may be. There is likely to be significant repositioning and rotation between industry sectors and cap weighting before the close of the year.

What may be most significant in the final round of 2020 is the Presidential election and overall election results. Over the next month and possibly longer, there will be projections, forecasts, and pundits declaring which party will have power and what that power means to the markets, sectors, and individual stocks. It may prove the most challenging quarter of 2020.

Suggested Reading:

Financial Markets Lifted Household Wealth to Record Levels

The Fed is Experimenting with Digital Money

COVID, Sex, and the Business Cycle

Each event in our popular Virtual Road Shows Series has maximum capacity of 100 investors online. To take part, listen to and perhaps get your questions answered, see which virtual investor meeting intrigues you here.

Sources:

Americans Want Homes, but There Have Rarely Been Fewer for Sale

Take profit on Home Building Stocks Now

These Stocks Have Rallied More Than 400% This Year

Why Tesla Was Left Out of the S&P 500

S&P Indices 9_30_2020

Photo Credit: www.attacktheback.com

Energy Fuels (UUUU)(EFR:CA) – Executive Order Aims to Reduce Reliance on Critical Minerals from Foreign Adversaries

Posted on October 1, 2020 by Admin

Thursday, October 01, 2020

Energy Fuels (UUUU)(EFR:CA)

Executive Order Aims to Reduce Reliance on Critical Minerals from Foreign Adversaries

As of April 24, 2020, Noble Capital Markets research on Energy Fuels is published under ticker symbols (UUUU and EFR:CA). The price target is in USD and based on ticker symbol UUUU. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Energy Fuels is the largest uranium producer in the U.S. and holds more production capacity and uranium resources than any other U.S. producer. The Company also produces vanadium. Headquartered in Colorado, Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Facility in Wyoming, and the Alta Mesa ISR Facility in Texas. The producing White Mesa Mill is the only conventional uranium mill in the U.S. and has a licensed capacity of 8 million pounds of U3O8 per year. Nichols Ranch is in production and has a licensed capacity of 2 million pounds of U3O8 per year. Alta Mesa is currently on standby. Energy Fuels also owns several licensed and developed uranium and vanadium mines on standby and other projects in development.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

President Trump issues executive order. On September 30, President Trump issued an executive order that, among other things, instructs the Secretary of the Interior in consultation with other cabinet secretaries, to investigate the United States’ undue reliance on critical minerals from foreign adversaries. Within 60 days, the Secretary of the Interior is to submit a report to the President summarizing conclusions and recommending executive action, including tariffs or quotas or other import restrictions against China and/or other foreign adversaries whose economic practices represent a threat to the United States.

Declaration of a national emergency. Recall that in 2018 the U.S. Department of the Interior identified 35 critical minerals, including uranium, the rare earth elements group and vanadium. President Trump’s recent order notes that the U.S. imports 80% of its rare earth elements directly from China. The order notes that the United States’ undue reliance on critical minerals from foreign adversaries …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).