Month: April 2021

Release – Endeavor Silver (EXK) – Closes Sale of El Cubo Mine to VanGold Mining

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Endeavour Silver Closes Sale of El Cubo Mine to VanGold Mining

 

VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) —
Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) (“Endeavour”) announces that it has now closed the sale of the El Cubo Mine in Guanajuato, Mexico to VanGold Mining Corp. (“VanGold”) for $15 million in cash and share payments plus up to $3 million in future contingent payments (all dollar amounts in US dollars unless otherwise noted) (the “Transaction”).

VanGold paid $15,000,000 to Endeavour as follows:

  • $7.5 million cash on closing.
  • $5.0 million (C$6,399,317.40) in VanGold common shares (“VanGold Shares”) on closing, priced at $0.2344 (C$0.30) per VanGold Share for a total of 21,331,058 VanGold Shares (“Consideration
    Shares    ”) representing approximately 10.9% of the issued and outstanding VanGold Shares.
  • $2.5 million promissory note due 12 months from closing.

VanGold has also agreed to pay Endeavour up to an additional $3,000,000 in contingent payments based on the following:

  • $1.0 million upon VanGold producing 3,000,000 silver equivalent ounces from the El Cubo mill, derived from either the El Cubo or El Pinguico project, $500,000 of which may, in VanGold’s discretion, be paid in VanGold Shares.
  • $1.0 million if the price of gold closes at or above $2,000 per ounce for 20 consecutive trading days within two years after the closing date of the Transaction.
  • A further $1.0 million if the price of gold closes at or above $2,200 per ounce for 20 consecutive trading days within three years after the closing date of the Transaction.

Bradford Cooke, Endeavour CEO and Director, commented, “We are pleased to close this transaction and I congratulate VanGold for helping make it a win-win deal for both companies. They are in the best position to create more value out of the El Cubo assets given their emerging El Pinguico project located very close to El Cubo, and we now become the largest shareholder of VanGold. I look forward to supporting VanGold in their efforts to become the next junior silver-gold producer in Mexico!”

On the closing of the Transaction, Endeavour acquired 21,331,058 VanGold Shares. Based on 194,931,838 VanGold Shares outstanding as of the closing date of the Transaction, the Consideration Shares represent 10.9% of the outstanding VanGold Shares on an undiluted basis. Prior to the closing date of the Transaction, Endeavour did not own any VanGold Shares or other securities of VanGold.   Endeavour has agreed to abstain from voting its shares of VanGold, other than as recommended by VanGold’s management, for a period of 2 years, and to a 12-month restriction on the resale of any VanGold shares acquired in this Transaction.

Endeavour acquired its interest in the Consideration Shares for long term investment purposes and will continue to monitor the business, prospects, financial condition and potential capital requirements of VanGold. Endeavour may acquire additional securities of VanGold including on the open market or through private acquisitions or sell securities of VanGold including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer.  Our philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp.

Endeavour will file an early warning report in connection with the Transaction on SEDAR at www.sedar.com. A copy of the report may be obtained by contacting Galina Meleger at:  

Contact Information
Galina Meleger, Director Investor Relations
Toll free: (877) 685-9775
Tel: (604) 640-4804
Email: gmeleger@edrsilver.com
Website: www.edrsilver.com

Follow Endeavour Silver on Facebook, Twitter, Instagram and LinkedIn

Cautionary Note Regarding Forward-Looking Statements

This
news release contains “forward-looking statements” within the meaning of the
United States private securities litigation reform act of 1995 and
“forward-looking information” within the meaning of applicable Canadian
securities legislation. Such forward-looking statements and information herein
include but are not limited to statements regarding future prospects of the El
Cubo and El Pinguico projects and future acquisitions or dispositions of
VanGold Shares. The Company does not intend to and does not assume any obligation
to update such forward-looking statements or information, other than as
required by applicable law. 

Forward-looking
statements or information involve known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, production
levels, performance or achievements to be materially different from those
expressed or implied by such statements. Such factors include but are not
limited to the ultimate impact of the COVID 19 pandemic on operations and
results, changes in production and costs guidance, national and local
governments, legislation, taxation, controls, regulations and political or
economic developments in Canada and Mexico; financial risks due to precious
metals prices, operating or technical difficulties in mineral exploration,
development and mining activities; risks and hazards of mineral exploration, development
and mining; the speculative nature of mineral exploration and development and
risks in obtaining necessary licenses and permits,

Forward-looking
statements are based on assumptions management believes to be reasonable,
including but not limited to: the continued exploration and mining operations,
no material adverse change in the market price of commodities, mining
operations will operate and the mining products will be completed in accordance
with management’s expectations and achieve their stated production outcomes,
and such other assumptions and factors as set out herein. Although the Company
has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements or information,
there may be other factors that cause results to be materially different from
those anticipated, described, estimated, assessed or intended. There can be no
assurance that any forward-looking statements or information will prove to be
accurate as actual results and future events could differ materially from those
anticipated in such statements or information. Accordingly, readers should not
place undue reliance on forward-looking statements or information.  

Source: Endeavour Silver Corporation

Release – Aurania Resources Ltd. (AUIAF)(ARU:CA) – Reports High-Grade Silver-Zinc from Outcrop at Tiria-Shimpia

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Aurania Reports High-Grade Silver-Zinc from Outcrop at Tiria-Shimpia

 

Toronto, Ontario, April 12, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) reports on its first channel rock-chip sampling from the Tiria-Shimpia silver-zinc zone – a target that is over 15 kilometres (“km”) in length, in the central part of the Company’s Lost Cities – Cutucu Project (“Project”) in southeastern Ecuador.    

Seven mineralized layers have been identified, one of which is 50 metres (“m”) thick.  So far, the layers have been traced laterally, through intermittent exposures in thick jungle, for between 500m and 1,100m.  As can be appreciated, with mineralization of this magnitude it will be some time before the full surface extent is truly known and sampled, however the Company is already making plans to diamond drill several key exposures in the near term.   

Aurania’s Chairman & CEO, Dr. Keith Barron commented, “Shareholders will be aware that we have been working on Tiria-Shimpia for some time now.  Earliest indications were that we could be dealing with a simple vein system of limited mineral volume.  We are now very much aware that we are dealing with a different beast: we have traced it along trend for over 15 kilometres, and we’re starting to demonstrate continuity between one exposure and the next, Tiria-Shimpia is shaping up to be Aurania’s first discovery.  While this target is evolving, we are running our concurrent drill programs at Tsenken N1 and Kuri-Yawi, both of which give us exposure to making additional discoveries.  The Tiria-Shimpia target now extends across almost the entire width of our concession block as illustrated in Figure 1.  Our regional exploration teams are finding further extensions to the mineralized system, and our expectation is that it will grow further.”  

Additional soil sampling has expanded the area in which silver and zinc have been found in the Tiria-Shimpia target area by approximately 120% since soil results were last reported in the press release dated February 8, 2021.  

 

Figure 1. Plan view of Tiria-Shimpia target area showing its central location in the Lost Cities – Cutucu concession area.  Footprint of silver in soil shown.

 

Concurrent rock-chip sampling has confirmed that the target contains high-grade mineralization, and the next logical step is to demonstrate continuity of the mineralization by channel sampling outcrops where the bedrock is exposed at surface on the jungle floor.  Channel sampling, in which a chisel is used to extract chips of rock from a 10 centimetre (4 inch) wide track over the mineralized rock, provides a representative sample of grade over the width of the observed mineralization.

Mineralization has so far been found in seven layers of limestone and dolomite that are interlayered with sandstone.  Highlights, shown in Figure 2, are:

•    Unit P: mineralization has been observed over a true thickness of approximately 50m and extends at least 1km along trend.  Intensely mineralized layers within the dolomite were channel sampled, returning grades of 2m at 12g/t silver and 3.9% zinc and 0.8m of 26g/t silver and 6.4% zinc.
•    Unit H: has been sampled in two channel samples spaced 500m apart along its length of 1km, that returned grades of 4m at 21g/t silver and 9.3% zinc, and 1m at 8g/t silver and 4.8% zinc. 
•    Unit J: has been traced 900m along trend with the one channel sample taken, returning a grade of 48g/t silver and 39.6% zinc.
•    Unit N: has been traced 1.1km along trend and a grab sample from outcrop had a grade of 199g/t silver with 22% zinc and 13% lead (see press release dated September 25, 2020).

 

Figure 2.  a. Plan view of silver distribution in soil at Tiria-Shimpia.  This shows where the mineralized layers or sheets come to surface along the edge of the mountains.  b. Provides detail of part of the system. The brown lines show where the mineralized layers come to surface.  These sheets extend westwards (to the left) under the mountain.  The tables show the silver and zinc grades of samples, the location of which is shown in b.  The samples for which a sample length is given are channel samples.  

 

Scout Drilling
•    Tiria-Shimpia: Some drill sites have already been selected and others will be based on the distribution of grade in the mineralized sheets as defined by the channel sampling, which will be done as systematically as the scattered outcrop allows.   While this detailed sampling is being done, other exploration teams are sampling soil to identify further areas of metal enrichment and others are exploring adjacent areas for possible further extensions to the Tiria-Shimpia mineralized system.  
•    Tsenken N1: The first drill hole at Tsenken N1 has been completed to a depth of 722 meters and assay results are awaited.
•    Kuri-Yawi: Drilling at Kuri-Yawi is underway with a second rig that can drill to approximately 1,200 metres.

Geological Details of the Area Sampled at Tiria-Shimpia
Mineralization is massive sphalerite and galena, occurring with strontian barite and pyrite/marcasite in dolomitic strata.  The exposures have been leached and weathered, which is identified by radiating masses of cerussite (lead carbonate) on the surface of outcrops.  Therefore, assay results from initial rock-chip sampling may understate underlying metal content.  Several MobileMT lines were run over the zones during the airborne geophysical survey and anomalies appear to be correlated with surface exposures of mineralized layers.

The channel sample results reported in this press release are in the north-central part of the Tiria-Shimpia target area (Figure 2a).  Units F and H, the uppermost mineralized layers, lie at the contact between sandstone and dolomite, and units J, K, L and N are mineralized dolomite layers within sandstone.  

 

Figure 3.  Field teams measuring the true width of mineralized layers exposed in the bank of a stream.

 

Figure 4.  Massive sphalerite (fine-grained, brown) and galena (gray metallic) from the core of one of the high-grade layers of mineralization at Tiria-Shimpia.

 

Figure 5.  Left:  Galena with radiating masses of cerussite.  Right:  Clots of galena within barite-celestite.

 

Sample Analysis & Quality Assurance / Quality Control (“QAQC”) 
Laboratories: The soil samples were prepared for analysis at MS Analytical (“MSA”) in Cuenca, Ecuador, and the analyses were done in Vancouver, Canada. 
Sample preparation: The rock samples were jaw-crushed to 10 mesh (crushed material passes through a mesh with apertures of 2 millimetres (“mm”)), from which a one-kilogram sub-sample was taken.  The sub-sample was crushed to a grain size of 0.075mm and a 200 gram (“g”) split was set aside for analysis.   
Analytical procedure:  Approximately 0.25g of rock pulp underwent four-acid digestion and analysis for 48 elements by ICP-MS.  For the over-limit samples, those that had a grade of greater than 1% zinc and lead, and 100g/t silver, 0.4 grams of pulp underwent digestion in four acids and the resulting liquid was diluted and analyzed by ICP-MS.     
QAQC: Aurania personnel inserted a certified standard pulp sample, alternating with a field blank, at approximate 20 sample intervals in all sample batches. Aurania’s analysis of results from its independent QAQC samples showed the batches reported on above, lie within acceptable limits.  In addition, the labs reported that the analyses had passed their internal QAQC tests. 

Qualified Person
The geological information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc.  Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

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

Forward-Looking Statements
This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Understanding Family Offices

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Understanding More About Family Offices

 

The impact of institutional investors and other large money managers should be understood by all that are involved in the market. The reason, as with everything else, power and impact rotate among those involved. Investors need to understand their surroundings. We’ve recently seen this as a few hedge funds that were thought of as powerful may have been outplayed by the influence that social media has brought to self-directed investors. Every investor, it doesn’t matter their size, should be aware, in a broad sense, who the other players are, their goals, and the tools they are most inclined to use to reach those investment objectives.

Among investors, there are large semi-institutions that don’t often get much attention from the news as they manage private and unregulated assets for individuals who are often themselves quite private. Since there is an absence of dollars spent on advertising, mainstream magazines find no reason to write about them, and financial TV derives no benefit either. I’m referring to family offices that, although all different, fit this description. However, they could potentially be impactful on price movement as money managed by family offices is often quite a bit larger than the average Etrade or AllofUs account size. For instance, a $20 million family office may consist of just a couple of people, while the family office for the Rockefellers has a team of at least 17 full-time employees. Assets managed by FOs are typically more than just tradeable equities; they could include fine art, collectibles, real estate, trusts, and a portfolio of private businesses. The investment style can be anything from rolling U.S. Treasury maturities to complex hedge funds.

Recently the term “family office” made headlines as the firm Archegos Capital Management suffered losses large enough to impact markets and earnings of some of their large banking relationships.  Archegos is a family office that manages the wealth of investor Bill Hwang.  Their problems and market impact are an uncommon set of circumstances but obviously within the realm of possibilities.  After all, there are some very large pools of assets, even among the comparatively more modest-sized family offices. As the influence of the big FOs, 121 of the largest single-family offices represent an estimated net worth of $142.4bn, according to a report last year by UBS Securities. 

Both the well-off, the not-so-well-off, and everyone in between can and do have money issues. When the bigger players do, it can impact more than just themselves. Although occurrences like Archegos have rarely happened, it’s important for those unfamiliar with the various forms of family office money management to understand their existence and purpose just as much as they should have a grasp on hedge funds, meme traders, overseas buyers, and even retirement planners.

Roles and Types of Family Offices

With the need to recognize the roles of family offices in the investment “sandbox” with everyone else, I asked an experienced recruiter for family offices who knows all the roles and different levels and positions in greater depth than most, to explain the types of family offices. Amy Laiker, Tiger Recruitment took time out of her busy day to provide us with a very comprehensive answer.

According to Ms. Laiker:  “The role of a family office is to manage
the lifestyle, private wealth and assets of a high-net-worth family or
individual, providing expert, bespoke management of their personal lives and
financial affairs. This will include the family or individual’s private
investments, management of their personal acquisitions/ assets (property,
yachts, planes, cars, jewelry, art), and in some cases, it may also incorporate
some form of philanthropy – such as the management of a charitable trust.”

Amy further explained two distinctly different types of FOs:

“A single-family office looks after the life and
wealth of a single family, sometimes a multi-generational family. It is
typically run by a small team consisting of a chief of staff, a chief financial
officer, and a private PA. A larger family office may also employ several
accountants and specialists, such as in tax or charitable trusts, depending on
the family’s specific requirements.”

“A multi-family office manages the private wealth of a
number of families who pay to use the services of a team of professionals. This
allows them to tap into the expertise they need while benefiting from economies
of scale.”

 

 

Take-Away

For self-directed individual investors, the existence of family offices usually has little direct impact on your account or even market movements. Some of the offices have the where-with-all to enter large riskier-type positions. Not unlike the rest of us, these don’t always work out. A few weeks back, we heard there was an investor unloading positions. At the time, we didn’t know if it was a hedge fund, large corporation, small country, or family office. Most small investors didn’t think “family office.” We can all now make sure FO’s are on our list of possibilities. They are not regulated and very private, so when something doesn’t go as planned, no one usually knows about it, and when things go spectacularly well, family offices control the least braggadocio dollars in the market.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading:

IRA Investments and Small-Cap Stocks

The Ultimate Guide to Stock Market News



Do Robinhood Investors Make Money?

Five Reasons Investors Increasingly Use ESG Standards

 

Special Thanks to Amy Laiker, Tiger
Recruitment, for taking time to share her expertise

 

Sources:

https://www.wsj.com/articles/credit-suisse-ignored-warnings-before-archegos-and-greensill-imploded-11617875627?mod=hp_lead_pos1

https://www.fnlondon.com/articles/archegos-is-not-the-only-family-office-to-take-big-risks-like-hedge-funds-20210401

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Aurania Resources Ltd. (AUIAF)(ARU:CA) – Reports Progress in Drilling Kuri-Yawi Target in Ecuador

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Aurania Reports Progress in Drilling Kuri-Yawi Target in Ecuador

 

Toronto, Ontario, April 9, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) reports that diamond drilling of the Kuri-Yawi target is well underway and proceeding as planned in the Company’s Lost Cities – Cutucu Project (“Project”) in southeastern Ecuador.  The drill hole, inclined at 60° is still a significant distance away from the MobileMT target, however epithermal-type veining has been encountered in brecciated lava in the upper part of the hole.

The target is about 1.1 kilometres from siliceous sinter outcrop and 200 metres from geochemical anomalies of pathfinder elements (arsenic, antimony, selenium, thallium, mercury and silver) at surface.  Epithermal veins are reportedly outcropping in a riverbank below the current drill hole, and an underlying area of geophysical interest has been identified in MobileMT data as reported on in the Company’s press release dated January 29, 2021.  The target at depth is a strong conductor, which may be a zone of sulphide, capped by a strong resistor, which itself may be a zone of silica-flooding.  The epithermal-type veining encountered in brecciated basalt contains significant amounts of black “pyrobitumen”, which is a pseudo-mineral composed of carbon and derived from hydrocarbon (crude petroleum or related substances).  The pyrobitumen lies as colloform layers within the veins with pyrite/marcasite, quartz, sphalerite and carbonate also in bands.    

Aurania’s Chairman & CEO, Dr. Keith Barron commented, “I consider this discovery of pyrobitumen to be potentially of high significance.  It is rarely documented in epithermal scenarios but perhaps significantly it occurs at gold deposits and occurrences such as McLaughlin in California, Esquel in Argentina, Waiotapu in North Island New Zealand, several Carlin Trend gold mines and in the Witwatersrand of South Africa.  The genetic relationship between gold deposits and hydrocarbon as a transport mechanism in gold systems may be tenuous, but hydrocarbon in geothermal fluids may have scavenged gold much as a carbon-in-pulp system is used in commercial gold recovery in many operating mines to strip gold from pregnant solution.  It has been a mystery for us that we have very high levels of pathfinder elements such as arsenic, antimony, selenium and thallium on surface in the area and yet samples are entirely devoid of gold.  The implication is that a very efficient natural mechanism is stripping hydrothermal fluids of their gold before they get anywhere near the paleosurface.”

 

Image 1: Photo of core from hole YW-008 of a banded vein in lava.  The vein has pyrite at its margin, lined with a thin layer of dark pyrobitumen, then carbonate, a thick band of pyrobitumen, with the core of the vein being filled with carbonate.

 

Image 2: Photo of core from hole YW-008 of a banded epithermal vein in lava.  The vein has pyrite at its margin, lined with carbonate, followed by dark pyrobitumen, a second layer of carbonate, then a second layer of pyrobitumen, carbonate and silica at the centre with more pyrite.

 

Image 3: Photo of banded cavity-filling in lava in core from hole YW-008.  The margin of the cavity is pyrite-rich and is lined by carbonate, then pyrobitumen, a second layer of carbonate, sphalerite in the carbonate, a second layer of pyrobitumen, with chalcedonic silica in the centre.

The Company plans to report on progress at its other key drill targets and exploration programs in subsequent press releases. 

MobileMT Geophysical Survey
The heliborne MobileMT survey is now completed and is being interpreted.  The MobileMT survey was undertaken by MPX Geophysics Ltd. in association with Expert Geophysics Limited, both of Toronto, Canada.

Qualified Person
The geological information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc.  Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at  https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir

VP Investor Relations

Aurania Resources Ltd.

(416) 367-3200

carolyn.muir@aurania.com

 Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

richard.spencer@aurania.com

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

Forward-Looking Statements
This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Driven By Stem (STMH) – Stem Provides Shareholder Update and Announces Preliminary Gross Revenue

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Stem Provides Shareholder Update and Announces Preliminary Gross Revenue of US$12.88 Million for the Second Quarter of 2021, an Increase of 456% Year-Over-Year and Quarterly Gross Margin of Approximately US$5.23 Million

 

BOCA RATON, Fla., April 8, 2021 /PRNewswire/ — Stem Holdings, Inc. (OTCQX: STMH CSE:STEM) (the “Company” or “Stem“), the first multi-state, integrated cultivation and omnichannel technology cannabis company, is providing a business update including select preliminary financial results for the quarter ending March 31, 2021, the first full quarter of combined operations since the acquisition of Driven Deliveries, Inc. (“Driven Deliveries“) in December 2020, as disclosed in the Company’s press release dated December 30, 2020.

Adam Berk, Chief Executive Officer of Stem, commented, “Stem is driving synergistic results as the Company successfully integrated its most recent acquisitions of Driven Deliveries and the Foothill Health and Wellness dispensary in Sacramento, with record sales, accretive margins, and reduced SG&A. Driven Deliveries services 92% of California’s population – the largest cannabis market in the world1 – and is expected to drive expansion of Stem’s brands and products in California as well as in targeted expansion markets, including Oregon. Our plan for expansion into new markets is supported by our strong, lean infrastructure and execution capability. Following the acquisition of Driven Deliveries, we have integrated our accounting and finance and legal teams, and engaged Fyllo™ Compliance Cloud technology enterprise-wide to support swift expansion.”

The Company plans to report its financial results for the quarter ended March 31, 2021 on or about May 15, 2021. The Company is projecting quarterly gross revenue of approximately US$12.88 million (an improvement of approximately 456% as compared to the quarter ending March 31, 2020) and quarterly gross margin of approximately US$5.23 million.2

For the quarter ended March 31, 2021, the Company realized an increase in total units sold, number of transactions, and average order size as compared to the quarter ended March 31, 2020:

Dispensaries

vs. 2020

E-Commerce (Budee™)

vs. 2020

Total Dispensaries – 185

+32.1%

Total Units Sold – 161,700

+81.5%

Total Units Sold – 257,100

+45.6%

Transactions – 75,700

+97.0%

Transactions – 59,500

+16.7%

Average Order Size – US$67.00

+17.5%

Average Order Size – US$58.28

+33.3%

The Company expects to increase its canopy in Oregon during April 2021 by 10,000 square feet and it anticipates incremental gross revenues of US$8.0 million and 50% gross margin over the next 12 months as a result of such expansion. The Company also expects to increase its productivity through greater automation and CAPEX investment for concentrates in the Company’s new butane hash oil laboratory, as well as through other margin-accretive measures.

Recent Highlights:

  • On December 15, 2020, the Company filed an amended and restated preliminary prospectus with the securities commissions in each of the provinces of Canada (the “Canadian Securities Commissions“), other than Quebec, and subsequently filed a corresponding registration statement on Form S-1 (the “Registration Statement“) with the U.S. Securities and Exchange Commission (the “SEC“) in connection with its previously announced marketed public offering of units of the Company (the “Offering“), as more fully described in the Company’s press release dated December 15, 2020. Upon SEC approval of the Registration Statement, the Company intends to file a final prospectus with the Canadian Securities Commissions and close the Offering as soon as practicable thereafter.
  • In 2021, Budee welcomed over a dozen best-in-class brands to its e-commerce platform providing services accessible to approximately 92% of California’s population including: Platinum Vape from Red, White and Bloom Brands; Caliva Flower, Deli Prerolls, Run Uncle Prerolls, Yummi Karma and Rehab by Yummi, and Chill Chocolates from The Parent Co.; Select Cartridges from Curaleaf; Tommy Chong’s Cannabis; Dosist Pens, Tablets and Edibles; Kushy Punch Gummies; Loudpack Farms; and new Yerba Buena™ Flower. The Company expects revenue from the launch of the new Yerba Buena™ Flower to be approximately US$2.5 million with US$1.4 million in gross margin over the next 12 months.
  • Budee™ DaaS is being introduced in Oregon this month through the Company’s core dispensaries and is expected to be accretive to gross revenues by US$4.4 million and to gross margin by US$1.76 million over the next twelve months with a dozen new delivery drivers being added for an optimal customer delivery experience. The Company has leveraged its technology, building a customized Application Programming Interface (API) to drive efficiency and performance.
  • Cannavore™ Crafted Confections brand expanded with three new THC-infused edibles including Irish Cream Caramels just in time for St. Patrick’s Day.  This brand is now in two states and will expand to all of the markets where the Company operates. Cannavore features TJ’s Gardens’ on-trend, single-strain solventless extract now produced on-site in our new extraction laboratory in Eugene.
  • Cannavore™ is now launching its first no-calorie, keto-friendly, gluten-free and vegan THC-infused gummy edibles in three flavors, meeting demand for sugar-alternative infused candy throughout the market, and exclusively features Rx Sugar®, a new natural, zero-calorie, low-glycemic index sweetener. 
  • TJ’s Gardens™ introduced its first co-branded product with Yerba Buena™ late last year and has expanded distribution throughout the state of Oregon including its unique RSO with the highest THC potency available in the Oregon market.
  • TJ’s Gardens™ is launching its first Dabbables – made with both on-trend single-strain solventless extract, as well as concentrates made from custom BHO-extraction equipment for the highest-quality crumble.
  • TJ’s Gardens’™ R&D team continues to develop exciting new cultivars, most recently Papaya Cake and Papaya Punch Kap, which continue to attract new consumers looking for exciting cannabis experiences.
  • As Stem prepares for the upcoming 420 industry celebration, the Company has an integrated media and event campaign across all markets and digital platforms as it strengthens its customer and partner relationships at every level, building loyalty with our portfolio of quality products, and service from Farm-to-Home™.

Stem’s Four Strategic Pillars

The four pillars of Company strategy are as follows: Financial Discipline, Productivity, Customer-Centricity, and Brand Innovation and Disruption. 

  • Financial Discipline: The Company continues to focus on key performance indicators including its cash conversion cycle, and continued EBITDA growth from operations.
  • Productivity: The Company continues to reduce SG&A while strengthening its integrated operating team for efficiency, and yield improvement in its cultivation and processing activities.  Stem’s value engineering continues to enable it to improve product quality and gross margin with higher service levels than previously achieved. 
  • Customer Centricity: Stem’s new marketing campaigns are attracting new customers including social & digital media and its new SEO and loyalty programs are building purchase frequency with an improved customer experience, even as the Company continues to navigate COVID with the highest standards for safety.
  • Brand Innovation and Disruption: The Company continues to introduce disruptive, margin-accretive new products, leveraging its R&D capability with a strong distribution apparatus covering wholesale, retail and e-commerce. 

About Stem Holdings, Inc.

Stem is a leading omnichannel, vertically-integrated cannabis branded products and technology company with state-of-the-art cultivation, processing, extraction, retail, distribution, and delivery-as-a-service (DaaS) operations throughout the United States. Stem’s family of award-winning brands includes TJ’s Gardens™, TravisxJames™, and Yerba Buena™ flower and extracts; Cannavore™ edible confections; Doseology™, a CBD mass-market brand launching in 2021; as well as DaaS brands Budee™ and Ganjarunner™ through the acquisition of Driven Deliveries. Budee™ and Ganjarunner™ e-commerce platforms provide direct-to consumer proprietary logistics and an omnichannel UX (user experience)/CX (customer experience).

For further information, please contact:

Media Contact: 
Mauria Betts 
STEM HOLDINGS, INC. 
Mauria@drivenbystem.com
971.319.0303

Forward-Looking Statements        

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations.  When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release includes information relating to: (i) the implementation of the Company’s business plan; (ii) the Company’s expected performance in the second quarter of 2021, including gross revenue and gross margin; (iii) the expansion of Stem’s brands and products into other markets; (iv) the expansion of existing canopy in the State of Oregon and the revenue therefrom; (v) expected improvements to productivity; (vi) the expected launch of Budee™ DaaS in the State of Oregon and the revenue therefrom; (vii) the expected launch of new brands and products by Stem and the revenue therefrom.

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, the following risks: risks associated with the implementation of the Company’s business plan and matters relating thereto, risks associated with the cannabis industry, competition, regulatory change, the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors, insurance, intellectual property and reliable supply chains; and risks related to the Company and its business generally. 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.

Financial Outlook

This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the three months ended March 31, 2021 and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading “Forward Looking Statements” above and assumptions with respect to market conditions, pricing, and demand. The actual results of the Company’s operations for any period will likely vary from the amounts set forth in these projections and such variations may be material.The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading “Forward Looking Statements” above, it should not be relied on as necessarily indicative of future results.

1 Source: https://www.forbes.com/sites/irisdorbian/2019/08/15/california-is-worlds-biggest-legal-pot-market-says-new-report/?sh=5d940d6b4cd7

2 These preliminary and unaudited financial results are subject to customary financial statement procedures by the Company. Actual results could be affected by subsequent events or determinations. While the Company believes there is a reasonable basis for these preliminary financial results, the results involve known and unknown risks and uncertainties that may cause actual results to differ materially. These preliminary fiscal results represent forward-looking information. See “Forward-Looking Statements” and “Financial Outlook”.

SOURCE Stem Holdings, Inc.

QuickChek – April 9, 2021

Posted on by Admin



Space and Missile Systems Center will become Space Systems Command

The USSF will absorb the Air Force’s Space and Missile Systems Center. The repurposed facility will lead research and launches among other USSF military endeavors from the site in Nevada.


Stem Provides Shareholder Update and Announces Preliminary Gross Revenue

Stem Holdings, Inc. provided a business update including select preliminary financial results for the quarter ending March 31, 2021

Research, News & Market Data on Driven By Stem

Watch recent presentation from NobleCon17



Aurania Reports Progress in Drilling Kuri-Yawi Target in Ecuador

Aurania Resources announced that diamond drilling of the Kuri-Yawi target is well underway and proceeding as planned in the Company’s Lost Cities – Cutucu Project in southeastern Ecuador

Research, News & Market Data on Aurania Resources

Watch recent presentation from NobleCon17

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Release – Driven By Stem (STMH) – Stem Provides Shareholder Update and Announces Preliminary Gross Revenue

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Stem Provides Shareholder Update and Announces Preliminary Gross Revenue of US$12.88 Million for the Second Quarter of 2021, an Increase of 456% Year-Over-Year and Quarterly Gross Margin of Approximately US$5.23 Million

 

BOCA RATON, Fla., April 8, 2021 /PRNewswire/ — Stem Holdings, Inc. (OTCQX: STMH CSE:STEM) (the “Company” or “Stem“), the first multi-state, integrated cultivation and omnichannel technology cannabis company, is providing a business update including select preliminary financial results for the quarter ending March 31, 2021, the first full quarter of combined operations since the acquisition of Driven Deliveries, Inc. (“Driven Deliveries“) in December 2020, as disclosed in the Company’s press release dated December 30, 2020.

Adam Berk, Chief Executive Officer of Stem, commented, “Stem is driving synergistic results as the Company successfully integrated its most recent acquisitions of Driven Deliveries and the Foothill Health and Wellness dispensary in Sacramento, with record sales, accretive margins, and reduced SG&A. Driven Deliveries services 92% of California’s population – the largest cannabis market in the world1 – and is expected to drive expansion of Stem’s brands and products in California as well as in targeted expansion markets, including Oregon. Our plan for expansion into new markets is supported by our strong, lean infrastructure and execution capability. Following the acquisition of Driven Deliveries, we have integrated our accounting and finance and legal teams, and engaged Fyllo™ Compliance Cloud technology enterprise-wide to support swift expansion.”

The Company plans to report its financial results for the quarter ended March 31, 2021 on or about May 15, 2021. The Company is projecting quarterly gross revenue of approximately US$12.88 million (an improvement of approximately 456% as compared to the quarter ending March 31, 2020) and quarterly gross margin of approximately US$5.23 million.2

For the quarter ended March 31, 2021, the Company realized an increase in total units sold, number of transactions, and average order size as compared to the quarter ended March 31, 2020:

Dispensaries

vs. 2020

E-Commerce (Budee™)

vs. 2020

Total Dispensaries – 185

+32.1%

Total Units Sold – 161,700

+81.5%

Total Units Sold – 257,100

+45.6%

Transactions – 75,700

+97.0%

Transactions – 59,500

+16.7%

Average Order Size – US$67.00

+17.5%

Average Order Size – US$58.28

+33.3%

The Company expects to increase its canopy in Oregon during April 2021 by 10,000 square feet and it anticipates incremental gross revenues of US$8.0 million and 50% gross margin over the next 12 months as a result of such expansion. The Company also expects to increase its productivity through greater automation and CAPEX investment for concentrates in the Company’s new butane hash oil laboratory, as well as through other margin-accretive measures.

Recent Highlights:

  • On December 15, 2020, the Company filed an amended and restated preliminary prospectus with the securities commissions in each of the provinces of Canada (the “Canadian Securities Commissions“), other than Quebec, and subsequently filed a corresponding registration statement on Form S-1 (the “Registration Statement“) with the U.S. Securities and Exchange Commission (the “SEC“) in connection with its previously announced marketed public offering of units of the Company (the “Offering“), as more fully described in the Company’s press release dated December 15, 2020. Upon SEC approval of the Registration Statement, the Company intends to file a final prospectus with the Canadian Securities Commissions and close the Offering as soon as practicable thereafter.
  • In 2021, Budee welcomed over a dozen best-in-class brands to its e-commerce platform providing services accessible to approximately 92% of California’s population including: Platinum Vape from Red, White and Bloom Brands; Caliva Flower, Deli Prerolls, Run Uncle Prerolls, Yummi Karma and Rehab by Yummi, and Chill Chocolates from The Parent Co.; Select Cartridges from Curaleaf; Tommy Chong’s Cannabis; Dosist Pens, Tablets and Edibles; Kushy Punch Gummies; Loudpack Farms; and new Yerba Buena™ Flower. The Company expects revenue from the launch of the new Yerba Buena™ Flower to be approximately US$2.5 million with US$1.4 million in gross margin over the next 12 months.
  • Budee™ DaaS is being introduced in Oregon this month through the Company’s core dispensaries and is expected to be accretive to gross revenues by US$4.4 million and to gross margin by US$1.76 million over the next twelve months with a dozen new delivery drivers being added for an optimal customer delivery experience. The Company has leveraged its technology, building a customized Application Programming Interface (API) to drive efficiency and performance.
  • Cannavore™ Crafted Confections brand expanded with three new THC-infused edibles including Irish Cream Caramels just in time for St. Patrick’s Day.  This brand is now in two states and will expand to all of the markets where the Company operates. Cannavore features TJ’s Gardens’ on-trend, single-strain solventless extract now produced on-site in our new extraction laboratory in Eugene.
  • Cannavore™ is now launching its first no-calorie, keto-friendly, gluten-free and vegan THC-infused gummy edibles in three flavors, meeting demand for sugar-alternative infused candy throughout the market, and exclusively features Rx Sugar®, a new natural, zero-calorie, low-glycemic index sweetener. 
  • TJ’s Gardens™ introduced its first co-branded product with Yerba Buena™ late last year and has expanded distribution throughout the state of Oregon including its unique RSO with the highest THC potency available in the Oregon market.
  • TJ’s Gardens™ is launching its first Dabbables – made with both on-trend single-strain solventless extract, as well as concentrates made from custom BHO-extraction equipment for the highest-quality crumble.
  • TJ’s Gardens’™ R&D team continues to develop exciting new cultivars, most recently Papaya Cake and Papaya Punch Kap, which continue to attract new consumers looking for exciting cannabis experiences.
  • As Stem prepares for the upcoming 420 industry celebration, the Company has an integrated media and event campaign across all markets and digital platforms as it strengthens its customer and partner relationships at every level, building loyalty with our portfolio of quality products, and service from Farm-to-Home™.

Stem’s Four Strategic Pillars

The four pillars of Company strategy are as follows: Financial Discipline, Productivity, Customer-Centricity, and Brand Innovation and Disruption. 

  • Financial Discipline: The Company continues to focus on key performance indicators including its cash conversion cycle, and continued EBITDA growth from operations.
  • Productivity: The Company continues to reduce SG&A while strengthening its integrated operating team for efficiency, and yield improvement in its cultivation and processing activities.  Stem’s value engineering continues to enable it to improve product quality and gross margin with higher service levels than previously achieved. 
  • Customer Centricity: Stem’s new marketing campaigns are attracting new customers including social & digital media and its new SEO and loyalty programs are building purchase frequency with an improved customer experience, even as the Company continues to navigate COVID with the highest standards for safety.
  • Brand Innovation and Disruption: The Company continues to introduce disruptive, margin-accretive new products, leveraging its R&D capability with a strong distribution apparatus covering wholesale, retail and e-commerce. 

About Stem Holdings, Inc.

Stem is a leading omnichannel, vertically-integrated cannabis branded products and technology company with state-of-the-art cultivation, processing, extraction, retail, distribution, and delivery-as-a-service (DaaS) operations throughout the United States. Stem’s family of award-winning brands includes TJ’s Gardens™, TravisxJames™, and Yerba Buena™ flower and extracts; Cannavore™ edible confections; Doseology™, a CBD mass-market brand launching in 2021; as well as DaaS brands Budee™ and Ganjarunner™ through the acquisition of Driven Deliveries. Budee™ and Ganjarunner™ e-commerce platforms provide direct-to consumer proprietary logistics and an omnichannel UX (user experience)/CX (customer experience).

For further information, please contact:

Media Contact: 
Mauria Betts 
STEM HOLDINGS, INC. 
Mauria@drivenbystem.com
971.319.0303

Forward-Looking Statements        

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations.  When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release includes information relating to: (i) the implementation of the Company’s business plan; (ii) the Company’s expected performance in the second quarter of 2021, including gross revenue and gross margin; (iii) the expansion of Stem’s brands and products into other markets; (iv) the expansion of existing canopy in the State of Oregon and the revenue therefrom; (v) expected improvements to productivity; (vi) the expected launch of Budee™ DaaS in the State of Oregon and the revenue therefrom; (vii) the expected launch of new brands and products by Stem and the revenue therefrom.

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, the following risks: risks associated with the implementation of the Company’s business plan and matters relating thereto, risks associated with the cannabis industry, competition, regulatory change, the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors, insurance, intellectual property and reliable supply chains; and risks related to the Company and its business generally. 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.

Financial Outlook

This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the three months ended March 31, 2021 and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading “Forward Looking Statements” above and assumptions with respect to market conditions, pricing, and demand. The actual results of the Company’s operations for any period will likely vary from the amounts set forth in these projections and such variations may be material.The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading “Forward Looking Statements” above, it should not be relied on as necessarily indicative of future results.

1 Source: https://www.forbes.com/sites/irisdorbian/2019/08/15/california-is-worlds-biggest-legal-pot-market-says-new-report/?sh=5d940d6b4cd7

2 These preliminary and unaudited financial results are subject to customary financial statement procedures by the Company. Actual results could be affected by subsequent events or determinations. While the Company believes there is a reasonable basis for these preliminary financial results, the results involve known and unknown risks and uncertainties that may cause actual results to differ materially. These preliminary fiscal results represent forward-looking information. See “Forward-Looking Statements” and “Financial Outlook”.

SOURCE Stem Holdings, Inc.

Issues Driving ESG Investing

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Five Reasons Investors Increasingly Use ESG Standards

 

ESG investing (Environmental, Social, Governance) is a sector of the stock market experiencing growth and attention, this has made it an extremely hot sector for investors. There’s an estimated $38 trillion invested in companies under ESG standards. That amount is expected to grow to $50 trillion invested under ESG ratings within the next five years.  What’s the mindset of investors looking at ESG factors before investing?

A survey of investment professionals conducted by New York Life Investments offers some insight into their ESG activity. The advisors and money managers surveyed offer their own thoughts which are influenced by the individual clients they meet with regularly. The survey uncovered some of the top drivers. The top five of these offer surprises in both the order of importance and values and factors deemed most important.

Top Five Drivers

The top ESG driver, according to the survey, is Risk Management. The responding expect paying attention to ESG factors reduces the potential of exposure to negligence, thereby decreasing the chance that a company adhering to ESG standards will become embroiled in lawsuits, workplace hazards, or headline news that will have a negative effect on their business. The thought here is heightened awareness of business practices can help mitigate the potential for problems.

The second-biggest driver of ESG investment growth is Investor
Demand. The financial professionals find clients are asking for a greater portion of their assets to be placed in individual stocks of companies adhering to ESG standards or funds that use ESG factors as one of their screening processes of stocks held.

 

 

The third-largest driver uncovered by the survey is Fiduciary
Duty. A fiduciary duty requires that the advisor has to act in the best interest of the client. They are serving the person and entrusted to put that person’s interests above all else. The idea that investment professionals involving their clients in ESG facilitates their fiduciary responsibility suggests that they believe ESG investments provide a higher risk/return profile than alternatives. This does not suggest that the accounts aren’t mitigating risk in other traditional ways such as diversification; it does portend that there’s a belief that doing what is best for the client, at this point in time, means paying attention to investments with ESG rankings. Should ESG investments begin to underperform or increase risk, the same fiduciary standard would apply.

ESG investments are associated with more ethical or “good” companies.  The survey found financial professionals find this is positive for their reputations with clients. Reputation ranked as the fourth highest driver of growth in managed ESG assets. Since good public relations and community standing has been found to help attract and retain more business, it stands to reason that an increasing number of investment managers would hold themselves out as onboard with ESG values.

Financial Returns, surprisingly, was found to rank fifth-biggest driver by the survey of financial professionals. Although the investments are expected to provide a better risk/return, and are believed to meet fiduciary obligations, the return on investment is not the highest-ranked key driver. The less measurable and more nuanced reasons for including ESG investing at an increased level in client portfolios are the four above this. The trend in popularity and growth for all of these top five reasons makes it understandable why the performance of ESG stocks has followed.

Take-Away

Risk management, investor demand, fiduciary duty, reputation, and financial returns are what we’re told is driving the popularity of ESG investing among those advising and managing the assets of others. As with any other trend that is shaping the future or driving the direction of investor dollars, it is good to understand the trend and decide whether you should be involved.

ESG investing is gaining momentum from investors of all types and styles. It also has more support from a regulatory standpoint than before and there is structure being created to better eliminate subjectivity. Channelchek will continue to update our readers on important changes that could provide opportunities.

 

Paul Hoffman

Managing Editor, Channelchek

Suggested Content on Channelchek:

Are Small-Cap Stocks Smart Investments

ESG Indicators and How Investors Use Them



Can Mining be Green and Sustainable?

Should Stock Market Investors Worry About Inflation?

 

Sources:

https://www.nytimes.com/2021/03/15/business/dealbook/sec-esg-priority.html

https://www.moneylion.com/learn/what-is-esg-investing/

https://myperfectfinancialadvisor.com/2021/04/06/whats-driving-esg-growth/

 

 

Virtual Road Show Series – Tuesday, April 13 @ 1pm EDT

Join enCore Energy CEO Paul Goranson & Chairman William Sheriff for this exclusive corporate presentation, followed by a Q & A session moderated by Michael Heim, Noble’s senior research analyst, featuring questions taken from the audience. Registration is free and open to all investors, at any level.

Register Now  |  View All Upcoming Road Shows

 

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Release – Aurania Resources Ltd. (AUIAF)(ARU:CA) – Reports Progress in Drilling Kuri-Yawi Target in Ecuador

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Aurania Reports Progress in Drilling Kuri-Yawi Target in Ecuador

 

Toronto, Ontario, April 9, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) reports that diamond drilling of the Kuri-Yawi target is well underway and proceeding as planned in the Company’s Lost Cities – Cutucu Project (“Project”) in southeastern Ecuador.  The drill hole, inclined at 60° is still a significant distance away from the MobileMT target, however epithermal-type veining has been encountered in brecciated lava in the upper part of the hole.

The target is about 1.1 kilometres from siliceous sinter outcrop and 200 metres from geochemical anomalies of pathfinder elements (arsenic, antimony, selenium, thallium, mercury and silver) at surface.  Epithermal veins are reportedly outcropping in a riverbank below the current drill hole, and an underlying area of geophysical interest has been identified in MobileMT data as reported on in the Company’s press release dated January 29, 2021.  The target at depth is a strong conductor, which may be a zone of sulphide, capped by a strong resistor, which itself may be a zone of silica-flooding.  The epithermal-type veining encountered in brecciated basalt contains significant amounts of black “pyrobitumen”, which is a pseudo-mineral composed of carbon and derived from hydrocarbon (crude petroleum or related substances).  The pyrobitumen lies as colloform layers within the veins with pyrite/marcasite, quartz, sphalerite and carbonate also in bands.    

Aurania’s Chairman & CEO, Dr. Keith Barron commented, “I consider this discovery of pyrobitumen to be potentially of high significance.  It is rarely documented in epithermal scenarios but perhaps significantly it occurs at gold deposits and occurrences such as McLaughlin in California, Esquel in Argentina, Waiotapu in North Island New Zealand, several Carlin Trend gold mines and in the Witwatersrand of South Africa.  The genetic relationship between gold deposits and hydrocarbon as a transport mechanism in gold systems may be tenuous, but hydrocarbon in geothermal fluids may have scavenged gold much as a carbon-in-pulp system is used in commercial gold recovery in many operating mines to strip gold from pregnant solution.  It has been a mystery for us that we have very high levels of pathfinder elements such as arsenic, antimony, selenium and thallium on surface in the area and yet samples are entirely devoid of gold.  The implication is that a very efficient natural mechanism is stripping hydrothermal fluids of their gold before they get anywhere near the paleosurface.”

 

Image 1: Photo of core from hole YW-008 of a banded vein in lava.  The vein has pyrite at its margin, lined with a thin layer of dark pyrobitumen, then carbonate, a thick band of pyrobitumen, with the core of the vein being filled with carbonate.

 

Image 2: Photo of core from hole YW-008 of a banded epithermal vein in lava.  The vein has pyrite at its margin, lined with carbonate, followed by dark pyrobitumen, a second layer of carbonate, then a second layer of pyrobitumen, carbonate and silica at the centre with more pyrite.

 

Image 3: Photo of banded cavity-filling in lava in core from hole YW-008.  The margin of the cavity is pyrite-rich and is lined by carbonate, then pyrobitumen, a second layer of carbonate, sphalerite in the carbonate, a second layer of pyrobitumen, with chalcedonic silica in the centre.

The Company plans to report on progress at its other key drill targets and exploration programs in subsequent press releases. 

MobileMT Geophysical Survey
The heliborne MobileMT survey is now completed and is being interpreted.  The MobileMT survey was undertaken by MPX Geophysics Ltd. in association with Expert Geophysics Limited, both of Toronto, Canada.

Qualified Person
The geological information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc.  Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at  https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir

VP Investor Relations

Aurania Resources Ltd.

(416) 367-3200

carolyn.muir@aurania.com

 Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

richard.spencer@aurania.com

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

Forward-Looking Statements
This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Endeavour Silver (EXK)(EDR:CA) – Endeavour Builds Metals Inventory For Sale At Higher Prices

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Friday, April 09, 2021

Endeavour Silver (EXK)(EDR:CA)
Endeavour Builds Metals Inventory For Sale At Higher Prices

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

Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation. The company is organized into four operating mining segments, Guanacevi, Bolanitos, El Cubo, and El Compas, which are located in Mexico as well as Exploration and Corporate segments. Its Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile.

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.

    First quarter production results not far off the mark. Compared to the prior year period, first quarter silver and gold production increased 22.2% and 31.1% to 1,048,100 ounces and 11,109 ounces, respectively, compared to our estimates of 1,106,764 ounces and 9,495 ounces. During the quarter, the company sold 623,379 ounces of silver and 10,663 ounces of gold. Payable silver and gold ounces produced during the quarter amounted to 1,036,710 and 10,894 ounces, respectively. Most of the variance in gold production was due to higher gold production from El Compas due to higher processed tonnes and gold grades. Compared to the fourth quarter of 2020, first quarter silver and gold production declined 6.2% and 11.7%, respectively.

    Updating 2021 estimates.  The company withheld metal from sale due to pricing and ended the quarter with 523,235 ounces of silver and 1,123 ounces of gold in bullion inventory and 6,582 ounces of silver and 566 ounces of gold in concentrate inventory. Based on lower first quarter sales and modestly lower commodity price assumptions, we have lowered our 2021 EPS and EBITDA estimates to …



This 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. 

Space as a Lucrative Investment Space

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Space as a Lucrative Investment Space

 

The Space and Missile Systems Center will become Space Systems Command.

The Summer of 2021 will hold some big changes for the U.S. Space Force. As announced on April 8, the USSF will absorb the Air Force’s Space and Missile Systems Center.  The repurposed facility will lead research and launches among other USSF military endeavors from the site in Nevada.  

Space Force officials revealed some details about the transfer of the Air Force’s Space and Missile Systems Center, which will be renamed Space Systems Command (SSC).

 

 

The repurposed command will be responsible for “developing, acquiring, equipping, fielding, and sustaining resilient space capabilities to enhance joint lethality. This includes launch, developmental testing, on-orbit checkout, and sustainment. SSC will also provide strategic oversight of USSF science and technology activities,” the Space Force said in a statement.

Is there an investment opportunity in the U.S.A.’s new branch? None of us have a crystal ball, but there may be many. In February Gen. John “Jay” Raymond said at the Virtual Aerospace Warfare Symposium:

 “Now, the service is ready to move on to bolstering behavioral norms with international allies and launching more assets into space. Because the commercial industry has lowered the barriers to space, almost all Space Force missions can be commercially viable with smaller, more operationally relevant satellites.”

“Launching more assets into space” and “using commercial operations” opens up possibilities for many companies. This could include Maxar Technologies Inc (NYSE: MAXR). Maxar is an integrated space and geospatial intelligence company with a full range of space technology solutions for commercial and government customers, this includes satellites, Earth imagery, geospatial data, and analytics.

There are many mega-military contractors involved in aerospace and defense, but the stable smaller companies can see a higher percentage impact on their bottom line from a big contract, this would likely have a positive impact on investors. Kratos Defense & Security Solutions, Inc. (KTOS) provides engineering, information technology (IT) services, and warfighter solutions to the U. S. Department of Defense.  One of its two segments, Kratos Government Solutions (KGS), provides engineering, IT, and weapons systems to federal, state, and local government agencies. It provides weapon systems sustainment, missile, rocket, and weapons systems test and evaluation; mission launch; public safety and security; modeling and simulation, and unmanned aerial vehicle products, among others.

 

 

Satellite Production is to be scaled up under the USSF.  General Raymond addressed this at the February symposium when he said:

“As we design that force, we want to design it in a way that capitalizes on this new business model that has emerged, that produces satellites off of a production line, rather than the one-off, handmade wooden shoe that takes years and years and years to build.”

Production line satellites could benefit the entire supply chain and allow small satellite companies to either win contracts directly or through larger contractors. Digging deeper into companies like C-COM Satellite Systems Inc. (CYSNF), which designs, develops, and manufactures mobile satellite-based antenna systems, could uncover information from which to base investment decisions. C-COM has a diversified mix of customers and has sold more than 8,000 systems in over 100 countries in industries that include, Oil & gas Exploration, Military Communications, SNG, Emergency Communications, Cellular Backhaul, Telemedicine, Government Services, Mobile Banking, and others.

Take-Away

The revised spending patterns of the U.S. military, especially with the growth of Space Force, can provide many opportunities for investors of small and microcap companies. These smaller public corporations could benefit in ways that impact their bottom line by large percentages. Channelchek is a resource for data, analysis, and research on many of the interesting candidates.

 

Sources:

Space Systems Command geared to deliver swift, responsive space capabilities

Space Force Focused on Industry and International Partnerships

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QuickChek – April 8, 2021

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CoreCivic Announces Upsizing and Pricing of $450 Million 8.25% Senior Notes Due 2026

CoreCivic Announces Proposed $400 Million Senior Notes Offering

Today’s research report from Joe Gomes, Senior Research Analyst at Noble Capital Markets

Research, News & Market Data on CoreCivic

Watch recent presentation from NobleCon17



Boomer Provides Shareholder Update and Q1 Guidance With New Revenue and Profit Forecasts

Boomer Holdings provided a shareholder update on the Company’s operations in conjunction with its change of its fiscal year end to January 31

News & Market Data on Boomer Holdings



Comtech Telecommunications Awarded $1.3 Million Contract Renewal with Tier-One Mobile Network Operator

Comtech Telecommunications announced that during Q3 2021, its Location Technologies group was awarded a $1.3 million contract renewal to support messaging services

Research, News & Market Data on Comtech

Watch recent presentation from NobleCon17



Ceapro Inc. Announces Successful Completion of Collaborative Research and Development Program with University of Alberta

Ceapro Inc. announced the successful completion of its long-term research project with Professor Dr. Feral Temelli at the University of Alberta

Research, News & Market Data on Ceapro

Watch recent presentation from NobleCon17



electroCore Announces Top Line Results from SAVIOR-1 study

electroCore announced the top-line results from the SAVIOR-1 study in patients admitted to the hospital for treatment of COVID-19

Research, News & Market Data on electroCore



Silver production results for Q1 2021

Endeavour Silver reported 1,048,100 oz Silver and 11,109 oz Gold for 1.9 Million oz Silver Equivalents in Q1, 2021

Research, News & Market Data on Endeavour Silver

Watch recent presentation from NobleCon17

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Release – Boomer Holdings (BOMH) – Provides Shareholder Update and Q1 Guidance With New Revenue and Profit Forecasts

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Boomer Provides Shareholder Update and Q1 Guidance With New Revenue and Profit Forecasts

 

LAS VEGAS, April 8, 2021 /PRNewswire/ — Boomer Holdings, Inc. (“Boomer” or the “Company”) (OTCQB: BOMH), an innovative Consumer Products Company specializing in a large variety of premium quality wellness and everyday use products under the Boomer brand name.  The Company provided a shareholder update on the Company’s operations in conjunction with its change of its fiscal year end to January 31.

The Company had a record quarter ending October 31, 2020 with revenue of $28.8 million and operating profits of $7.9 million.  The Company plans to announce the audited year end January 31, 2021 financials by early May 2021.

Mike Quaid, CEO of Boomer Naturals said: “While we are extremely proud to report our results and the accomplishments of the Boomer Naturals team over the past year, we are more excited for the growth that we hope to come in 2021. Boomer Naturals has taken its meteoric success over the last year and reinvented itself.  We are at the beginning of what I believe to be one of the great growth stories of 2021.”

Studies show that consumers are less willing to buy ‘Made in China’ items in the wake of the Coronavirus pandemic, which we believe will help fuel growth as all Boomer products are made in Vietnam or the USA. 1

The Company is preparing the launch of its proprietary marketplace: boomerstore.com which will allow the Company to expand its offering to its loyal group of over 200,000 online customers while expanding its already significant retail sales footprint.

“The first quarter of 2021 for Boomer has been focused on preparation to service the expected demand Boomer has created for the rest of the year,” said Mr. Quaid. “We have deployed our capital in a strategic manner and stand ready to reap the benefits in Q2 and beyond.”  

Boomerstore.com will provide new and already established consumers with direct access to Boomer Naturals three pillars of wellness and everyday use products: Protect, Defend and Enhance.

Protect

Boomer Naturals is already well known for the best-in-class facemasks and PPE offerings enhanced by their unique silver infused fibre technology.  These masks have become a top seller at CVS stores and other retail locations.  Boomer also offers face shields, coveralls and hand sanitizers.

Defend

The Company already vends a suite of immunity boosting botanical products and healthy living products and is excited to announce it is ready to launch a new suite of premium products enhanced with Boomer silver technology.

The Company plans to launch the following silver infused products and more to match existing consumer demand in the first six months of 2021:

  • Bedding
  • Socks
  • Yoga mats
  • Yoga clothing
  • T-shirts
  • Leggings
  • Underwear

Enhance

Through an exclusive partnership in Vietnam Boomer Holdings will launch Vietnamese instant coffee to the American Market.

Vietnamese coffee naturally has nearly twice the caffeine of popular instant coffees with a preferable flavour. Boomer believes it will open up an untapped market of consumer demand with its superior instant coffee stick packages.

“Vietnamese coffee is booming in Europe, Asia and across the globe however has yet to gain a significant foothold in America.” States CEO Mike Quaid. “It has typically been difficult for US based retailers to get a consistent, premium quality Vietnamese coffee supplier for the American Market.  Boomer Holdings has partnered with just such a supplier. We are certain that once the American consumer tries this new and superior version of instant coffee, the stars will align and they will buck their current coffee and get on the Boomer Coffee train.”

The Company is also launching a full line of instant serve packs including vitamin, workout, libido, sleep, calm, and immune powder mixes. These products will be excellent for e-commerce due to their ease of shipping.

An Enhanced Focus on E-Commerce

Now that the Company has an established foothold in traditional brick and mortar retail operations, it will focus on aggressively expanding its ecommerce business.

The Company’s goal is to add over 100 new products in 2021 and to expand our DTC database from over 200,000 to millions.

Many of the Boomer products are designed to create recurring residual revenue.

Boomer Holding’s E-Commerce division has the highest margin in the Company, with many products averaging 80% or above.

The lifetime value of a Boomer customer can often be in the thousands of dollars. The Company currently has online customers that have reordered over twenty times in the last year.

Boomer Holdings is forecasting E-Commerce revenue to grow to $66.4 million for the year ending January 2022.

Updated Fiscal Year Forecast

The Company expects sales to range from $90.50 to $115.5 million dollars in the current fiscal year, with operating profits ranging from $20.3 to $26.6 million dollars with e-commerce being the driving force for this year and the future.

“Boomer Holdings is already growing at a rate that would make many existing companies envious.” Said Mike Quaid. “We look forward to providing our shareholders with tremendous value in 2021 and years into the future”.

About Boomer Naturals

Boomer Naturals is a wholly-owned subsidiary of Boomer Holdings Inc., a publicly traded company (OTCQB: BOMH). Boomer Naturals is a full-service wellness company that provides products and services that enhance your well-being and increase your quality of life. Boomer Naturals’ products are available online at Boomerstore.com, BoomerNaturals.com, BoomerNaturalsWholesale.com, CVS.com. Boomer Naturals’ products are also available at the Boomer Naturals retail store, CVS retail locations, and resorts and golf shops across the country. For more information, please visit www.boomernaturals.com.

Forward Looking Statements

Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may 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 future results, performance or achievements expressed or implied by such forward-looking statements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future, except as required by securities laws. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation, economic, political, regulatory, capital markets and other external conditions and other factors beyond the Company’s control, risks related to public health crises such as the global pandemic associated with the coronavirus (COVID-19), and those set forth as “Risk Factors” in our filings with the Securities and Exchange Commission (“SEC”). There may be other factors not mentioned above or included in the Company’s SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement.

1 https://www.forbes.com/sites/andriacheng/2020/06/11/us-consumers-are-less-willing-to-buy-made-in-china-items-in-wake-of-coronavirus-pandemic-study/?sh=6e9f53116a75

Contact: Mike Quaid: mike@boomernaturals.com

SOURCE Boomer Naturals, Inc