Month: January 2022

Capstone Green Energy (NASDAQ: CGRN) to Announce Its Third Quarter Fiscal Year 2022 Financial Results on Thursday, February 10, 2022

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Capstone Green Energy (NASDAQ: CGRN) to Announce Its Third Quarter Fiscal Year 2022 Financial Results on Thursday, February 10, 2022

Research, News, and Market Data on Capstone Green Energy

 

VAN NUYS, Calif.–(BUSINESS WIRE)– Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that on Thursday, February 10, 2022, after market close, it expects to release full financial results for its third quarter of fiscal year 2022, ended December 31, 2021. Later that same day, at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time), Capstone will host a live webcast to discuss those results.

At the end of the conference call, Capstone will host a question-and-answer session to provide an opportunity for financial analysts to ask questions. Investors and interested individuals are invited to listen to the webcast by logging on to the Company’s investor relations webpage at www.capstonegreenenergy.com. A replay of the webcast will be available on the site for 30 days.

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company’s industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H&S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

Source: Capstone Green Energy Corporation

Release – Gevo Begins Startup of Its Renewable Natural Gas Project in Northwest Iowa on Schedule

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Gevo Begins Startup of Its Renewable Natural Gas Project in Northwest Iowa on Schedule

Research, News, and Market Data on Gevo

 

ENGLEWOOD, Colo., Jan. 31, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce today that it has begun the process of bringing its wholly owned dairy manure-based renewable natural gas (“RNG”) project online. Located in northwest Iowa, the project is known as Gevo NW Iowa RNG, LLC (“NW Iowa RNG”), and it is expected to produce approximately 355,000 MMBtu of RNG per year.

“We’re excited to get NW Iowa RNG online, right on schedule,” says Dr. Chris Ryan, president and COO of Gevo, Inc. “Our team here has done a terrific job, creating a facility that will become an example of how renewable energy can work for years to come, and we’re excited to bring our partnership with area farmers to the next stage.”

NW Iowa RNG fits in with Gevo’s business model of exploring ways to use renewable carbon to make the most of energy opportunities by dialing in sustainability and optimizing renewable resources. Because dairy manure left in lagoons and used as fertilizer releases high levels of methane to the atmosphere, there is an opportunity to capture that methane as biogas and refine it to be used as renewable natural gas. Doing so has no impact of the fertilizer and nutrients available, yet creates more options to sustainably manage fertilizers for sustainable farming practices. That kind of smart thinking and waste reduction is a cornerstone of the circular economy at the core of Gevo’s business model.

As Gevo reported in August 2021 , the RNG is expected to be sold into the California market under dispensing agreements BP has in place with Clean Energy Fuels Corp., the largest fueling infrastructure in the U.S. for RNG. The facility is expected to lead to $9 million to $16 million a year of distributions from the project expected to begin in late 2022, or early 2023 depending on the timing of the California Air Resources Board’s (CARB) Low Carbon Fuel Standard (LCFS). It is anticipated that NW Iowa RNG will benefit from environmental product revenues under California’s LCFS program and the U.S. Environmental Protection Agency’s Renewable Fuel Standard program. RNG-fueled vehicles are estimated to result in up to 95 percent lower emissions than those fueled by gasoline or diesel on a lifecycle basis, according to a US Department of Energy study .

“The farmers have demonstrated that they are willing to try something new,” Ryan says. “By creating a renewable energy source that reduces the greenhouse gas footprint of agriculture while providing meaningful renewable energy where its badly needed—that kind of foresight will make a difference in the long term far beyond Northwest Iowa.”

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters including, without limitation, the development and construction of the NW Iowa RNG project, the ability of Gevo to realize production of RNG with NW Iowa RNG, Gevo’s ability to generate cash from NW Iowa RNG, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Gevo Investor and Media Contact

Heather L. Manuel

+1 720-418-0085

IR@gevo.com

Reddit Era Investors May Want to HODL this New Book

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An Archive of Memes from Stonks’ Heyday in 2021

 

A year has passed since the WallStreetBets, Gamestop memes first took center stage. The investment phenomenon shook up Wall Street, drove market analysts to monitor Reddit activity, and caused stock market news reporters to scratch their heads in disbelief. The face of the social media collaborators became the enthusiastic memes that people would share, most featuring a confident character with “diamond hands,” often on a rocket. It was a time in market history that was both exciting and confusing. The era will forever have changed what it means to be a self-directed investor. One year since the beginning it feels as though the peak has passed, investors are finding their way around the market with a broader set of tools.

 

History Book

 WallStreetBets users calling themselves “Diamond Hands History” have launched a Kickstarter fund to publish an archive of the fun memes from the era of self-deprecation and intentional misspelling STONKS (stocks), and HODL (hold). 

The donation categories to help make “Diamond Hands:
The GME Archive” a reality are as sophomoric as the memes often were. The tiers start at “Baby Ape” $1 and continue to with higher-priced tiers with meme-related levels like “True Ape”, “Ape Chieftain”, and “Richer Than Your Wife’s Boyfriend.” 

The creators have a fundraising goal of $20,000 for what they use as a working title,”the epic book of GameStop.” They are expected to rocket right past the goal. According to the fundraiser page, the project intends to “capture the moments in time when GameStop was all anyone was thinking about.”

Challenges

The project is not as easy and straightforward as it appears. The creators had to collaborate with and get legal permission from thousands of social media users. They refer to it as the “first project of this kind in history,” given the collaboration with and legal permission from thousands of social media users. The diamond hands historians parsed through more than 10,000 posts as well as hundreds of thousands of comments for publication — all with consent from the original Reddit users.

 


Image: Mockup of the forthcoming book

 

The project description explains, “We decided to archive the most popular primary source documents related to the historic First and Second GameStop Squeezes,” The purpose is easy to understand, “We aim to archive the best WallStreetBets memes, posts, and comments about GameStop into a single book,” according to the Kickstarter page.

A teaser of the project features photos of a GameStop billboard in Times Square, lists of quotes from social media, and a hardcover book sample suitable for anyone’s parlor or even bathroom shelf. The Kickstarter also explains the final book puts the creators in potential legal jeopardy due to the images contained in the memes and copyright issues.

Looking Forward

The meme stocks are still making history but are no longer the force or focus they once were. Such is the way of the investment markets. The trade that works one day, isn’t as powerful once others catch on. Wall Street is now keeping close tabs on social media posts and retail investment trends. Professional investors and trading desks at top
banks and services such as Morningstar are quantifying buzz in order to capitalize on what they learn. 

WallStreetBets, the investor forum on Reddit, is picky about who they let interact on their platform. Still they have over 11.5 million members sharing ideas. That by itself is a tremendous feat and a huge audience once the book becomes available.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading



Is it Game-Over for Meme Stock Investors?

Young Traders Confounding Wall Street Pros is Cyclical





Dogecoin Group Works to Give Currency Greater Purpose

WallStreetBets Founder May Create Controversial ETP

 

Sources

https://www.kickstarter.com/projects/diamondhandshistory/diamond-hands

 

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Is the Tesla-Bot Optimus Just a Fantasy

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Could Telsa’s Robots Permanently Eliminate Labor Shortages?

 

Motivational experts tell us that if you have a goal you want to achieve, write it down, then it becomes better defined and “real.” They also tell us, if you tell others what you’re going to achieve, you’ll be even more likely to succeed. Elon Musk does this. He announces plans to provide something dramatic, like a Cybertruck, fully self-driving car, a colony on Mars, or a robot, years in advance; then he provides ongoing updates. Tesla’s earnings call this week provided him an opportunity to update us on the importance and status of the robot project.

 

Optimus

Optimus (Latin for “best”) is the “code-name” given to this  project at Telsa. Developing a robot to do dangerous, boring, or repetitive tasks would, in the mind of Tesla’s founder, revolutionize the economy, he believes there would not be labor shortages.   “If you think about the economy, it is — the foundation of the economy is labor,” he said. “Capital equipment is distilled labor. So what happens if you don’t actually have a labor shortage? I’m not sure what an economy even means at that point. That’s what Optimus is about, so [it’s] very important.”

Musk said Wednesday (January 26) he expects the Tesla-Bot could take years to come to market and perhaps will never become fully realized. The goal is to create a machine that can do what can now only be carried out by humans. While advances over the years in robotics have allowed a reduction in workers, there are still limitations with current machines that use existing technology.  Many more tasks will be done by robots in the future.

Elon the Showman

The Optimus robot project is the most recent example of Musk announcing his goals publicly, and with typical fanfare and showmanship. In addition to keeping himself on task, his announcing exciting Tesla (or SpaceX) products, envisioned for years into the future, helps to energize employees, excite customers, and of course, attract investors.

 

An Interesting Four-Year-Old
Elon Musk Quote from The Boring Company Website

The rumor that I’m secretly creating a zombie
apocalypse to generate demand for flamethrowers is completely false — — Elon
Musk (@elonmusk) January 28, 2018

 

The goals that Musk has in the past set out for any one of his companies, like building EVs for the masses, or reusable space-bound rockets, often require innovation that has not even been fully envisioned. For this reason, he often falls behind on many announced projects. Consumers and investors awaiting products have grown accustomed to delays that often last years. One of many examples of this was the “Autonomy Day” event in April 2019, Musk said the company would have one million autonomous “robotaxis” on the road in 2020. If you’re still waiting for a robotaxi to take you to the airport, you are many more years away from the experience.

About Optimus

The “Tesla Bot” is the “most important product” that Tesla is developing this year, said Tesla’s CEO on Wednesday’s fourth-quarter earnings call. This places it on the priority list ahead of the Cybertruck, Robotaxi, and other vehicles, including the Semi and the new Roadster. The Tesla Bot, “[it] has the potential to be more significant than the vehicle business over time.”

Take-Away

One thing that can be learned from one of the richest people in the world is how to stay motivated. The other is that failing to meet a goal, timeline, or even follow all the way through is not always important for success. Not unlike investing, where not every trade is a winner, and some securities need to be culled ahead of expectations, running an innovative business does not mean every project is a winner. Some projects need to veer in another direction because of unexpected circumstances, others halted, and others need an even higher priority than originally planned. It is presumed that the next generation of robots will help manufacturing businesses like Tesla. For this reason, a Tesla-Bot is doubly important to the company’s founder.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading



Tesla’s CEO Surprises Reporters with Views on Robots, Subsidies, and Longevity

Elon Musk’s Tesla Bot Raises Serious Concerns – But Probably Not The Ones You Think





Robotics and AI Are Being Tapped by Cannabis Growers

Social Skills Would Benefit Physical Skills in Robotics

 

Sources

https://www.inc.com/peter-economy/this-is-way-you-need-to-write-down-your-goals-for-faster-success.html.

https://news.yahoo.com/tesla-optimus-robot-probably-wont-be-a-big-profit-driver-wall-street-thinks-173528019.html).

https://www.boringcompany.com/not-a-flamethrower

 

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Aurania Provides Update on Exploration at Awacha and Announces Appointment of Keith Barron as President

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Aurania Provides Update on Exploration at Awacha and Announces Appointment of Keith Barron as President

Research, News, and Market Data on Aurania Resources

 

Toronto, Ontario, January 28, 2022 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) provides an update on its exploration activities at the Awacha target area at its Lost Cities-Cutucu project in southeastern Ecuador.  There appears to be a large porphyry body and possibly others at Awacha.  The goal of field work here will be to define the porphyry targets in the area.  Awacha is geographically isolated from communities and the Company is following strict COVID-19 protocols while working.

Chairman, CEO and President, Dr. Keith Barron comments, “Over the upcoming month Aurania will be engaged in basic field exploration north of the Awacha porphyry target on lands that only became accessible to the Company through a signed agreement with the local Shuar stakeholders on January 19th, 2022, prior to which we had never visited.  It is suspected that more porphyry bodies exist in this area.  On Awacha itself, soil sampling and field surveys are in progress.  Mobile Magnetotellurics (“MobileMT”) geophysics has indicated a buried conductive body in excess of 4 x 5 kilometres in size.  The anomaly has the “classic doughnut” shape of a porphyry body.  The conductive anomaly coincides with copper and molybdenum stream sediment anomalies (Figures 1 and 2), and with quartz-sericite-pyrite (“QSP”) alteration exposed in stream beds (see press release dated March 15, 2018).  This is classic “phyllic” alteration seen in porphyry systems (Figure 3).”

Aurania is also pleased to announce that Dr. Keith Barron will be assuming the role of President moving forward.  Dr. Barron is presently on the ground in Ecuador and is taking the reins of the Company’s COVID response.

Notwithstanding that year 2021 was a difficult year for the Company given the many pandemic issues to deal with, Aurania remains extremely optimistic about its future.  Aurania’s Board is studying all options to maximize value for our shareholders, and we continue to believe that there is significant value to our projects.

Figure 1 (left): MobileMT conductivity image of Awacha with molybdenum stream sediment results superimposed.

Figure 2 (right): MobileMT conductivity image of Awacha with copper stream sediment results superimposed.

Figure 3:  Example of quartz-sericite-pyrite phyllic alteration at Awacha.

Sample Analysis & Quality Assurance / Quality Control (“QAQC”)

Laboratories: before 2020, the samples were prepared for analysis at ALS Global’s (“ALS”) lab in Quito, Ecuador and then sent to its analytical facility in Lima, Peru. Since 2020, the samples were prepared for analysis in MS Analytical (“MSA”) in Cuenca, Ecuador, and the analyses were done in Vancouver, Canada.

Sample preparation: Stream sediment samples were wet-sieved through a 20 mesh (0.84mm) screen in the field and placed in cloth bags so that excess water could drain.  The samples were transported from the field to Aurania’s field office in Macas, Ecuador and batched for delivery to the laboratory for drying and screening at 80 mesh (0.18mm sieve aperture).  250g of the -80 mesh silt was pulverized to 85% passing 0.075mm.

Analytical procedure:  Approximately 0.5g split of the -80 mesh fraction of the stream silt underwent digestion with aqua regia and the liquid was analyzed for 51 elements by ICP-MS; and for gold by fire assay.

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 reviewed and approved by Jean-Paul Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and is 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

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.

Sierra Metals Announces Changes to Its Organizational Structure, Following Strategic Review

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Sierra Metals Announces Changes to Its Organizational Structure, Following Strategic Review

Research, News, and Market Data on Sierra Metals

 

 TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL: SMT) (“Sierra Metals” or the “Company”) is pleased to announce the completion of an internal organizational review, following the strategic review announced in late 2021.

Sierra Metals is strengthening its current operating portfolio through various value-enhancing opportunities. These include:

– Increased focus on the production of copper and steel-making products such as zinc and iron-ore;

– Advancement of the Company’s mine expansion plans, with the aim of increasing the return at both the Yauricocha and Bolivar Mines;

– Re-activation of brownfield and greenfield exploration activities, throughout Sierra’s extensive resource base;

– Heightened focus on ESG, Human Capital and Permitting

In order to align the organization to effectively achieve these goals, as well as to overcome current operational issues, the following appointments have been made:

James León – Vice President, Operations

Effective February 1st, following his previous appointment as Country Manager Perú, Mr. León will now manage both Yauricocha and Bolivar operations. Mr. León will be based in Mexico. He will oversee the delivery of increasingly improved operational results and efficiencies, following the difficult challenges Bolivar and Yauricocha have faced over the past two years.

Mr. León is a Peruvian Mining Engineer with over 25 years of experience and has been with Sierra Metals since August of 2017 in various roles including Operations Manager in Mexico until 2019, and then Country Manager in Peru.

Alonso Lujan – Vice President, Exploration

Effective February 1st, as Vice President, Exploration, Mr. Lujan will focus on the extensive resource growth and business opportunities, in both brownfield and greenfield exploration, at our properties in Perú and México. Both Yauricocha and Bolivar are in underexplored, highly prospective geological regions, with another 80,000 Hectares of greenfield properties owned by Sierra Metals. His role is fully aligned with the strategic objective of unlocking the significant potential value at these properties.

Mr. Lujan is a Mexican Geological and Mining Engineer with over 30 years international experience in mineral exploration with a positive track record for increasing companies’ resources, output and company value.

Alberto Calle – Vice President, Human Resources

Effective November 1, 2021, Mr. Calle is taking the role of VP Human Resources, in charge of the HR function at Sierra Metals. Provided the changing environment and ongoing challenges on this area, this role is key to assist with strengthening our teams, and maintaining a healthy and motivated work environment, in both Peru and Mexico.

Mr. Calle has spent 20 years of his professional experience in Human Capital with 13 years dedicated to the large-scale mining industry. He previously held positions at MMG – Las Bambas as Human Resource Manager, and Regional Manager of Human Resources for Newmont

Juan Jose Mostajo – Vice President, Legal Affairs

Effective December 1, 2021, Mr. Mostajo joins our legal team and will assist in legal matters related to both Peru and Mexico. His role is key for managing the ongoing legal and permitting issues at both of our operations and supporting the strategy of the Company moving forward.

He has over 23 years of experience in the mining sector and has been legal advisor to various mining companies, both Peruvian and foreign. His previous positions include a role as part of the legal management team at Anglo American in Peru as well as Vice President of Legal Affairs of Minera Chinalco, Peru.

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company with Green Metal exposure including increasing copper production and base metal production with precious metals byproduct credits, focused on the production and development of its Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

Continue to Follow, Like and Watch our progress:

Web: www.sierrametals.com | Twitter:sierrametals | Facebook:SierraMetalsInc | LinkedIn:Sierra Metals Inc

Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws (collectively, “forward-looking information“). Forward-looking information includes, but is not limited to, statements with respect to the date of the 2020 Shareholders’ Meeting and the anticipated filing of the Compensation Disclosure. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company’s annual information form dated March 18, 2020 for its fiscal year ended December 31, 2020 and other risks identified in the Company’s filings with Canadian securities regulators and the United States Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company’s forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

Investor relations
Sierra Metals Inc.
Tel: +1 (416) 366-7777
Email: info@sierrametals.com

Luis Marchese
CEO
Sierra Metals Inc.
Tel: +1 (416) 366-7777

Source: Sierra Metals Inc.

CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates

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CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates

Research, News, and Market Data on CoreCivic

 

BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022.

A live broadcast of CoreCivic’s conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company’s website at www.corecivic.com under the “Events & Presentations” section of the “Investors” page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205.

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Contact: Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024
Media: Steve Owen – Vice President, Communications – (615) 263-3107

Release – Sierra Metals Announces Changes to Its Organizational Structure Following Strategic Review

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Sierra Metals Announces Changes to Its Organizational Structure, Following Strategic Review

Research, News, and Market Data on Sierra Metals

 

 TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL: SMT) (“Sierra Metals” or the “Company”) is pleased to announce the completion of an internal organizational review, following the strategic review announced in late 2021.

Sierra Metals is strengthening its current operating portfolio through various value-enhancing opportunities. These include:

– Increased focus on the production of copper and steel-making products such as zinc and iron-ore;

– Advancement of the Company’s mine expansion plans, with the aim of increasing the return at both the Yauricocha and Bolivar Mines;

– Re-activation of brownfield and greenfield exploration activities, throughout Sierra’s extensive resource base;

– Heightened focus on ESG, Human Capital and Permitting

In order to align the organization to effectively achieve these goals, as well as to overcome current operational issues, the following appointments have been made:

James León – Vice President, Operations

Effective February 1st, following his previous appointment as Country Manager Perú, Mr. León will now manage both Yauricocha and Bolivar operations. Mr. León will be based in Mexico. He will oversee the delivery of increasingly improved operational results and efficiencies, following the difficult challenges Bolivar and Yauricocha have faced over the past two years.

Mr. León is a Peruvian Mining Engineer with over 25 years of experience and has been with Sierra Metals since August of 2017 in various roles including Operations Manager in Mexico until 2019, and then Country Manager in Peru.

Alonso Lujan – Vice President, Exploration

Effective February 1st, as Vice President, Exploration, Mr. Lujan will focus on the extensive resource growth and business opportunities, in both brownfield and greenfield exploration, at our properties in Perú and México. Both Yauricocha and Bolivar are in underexplored, highly prospective geological regions, with another 80,000 Hectares of greenfield properties owned by Sierra Metals. His role is fully aligned with the strategic objective of unlocking the significant potential value at these properties.

Mr. Lujan is a Mexican Geological and Mining Engineer with over 30 years international experience in mineral exploration with a positive track record for increasing companies’ resources, output and company value.

Alberto Calle – Vice President, Human Resources

Effective November 1, 2021, Mr. Calle is taking the role of VP Human Resources, in charge of the HR function at Sierra Metals. Provided the changing environment and ongoing challenges on this area, this role is key to assist with strengthening our teams, and maintaining a healthy and motivated work environment, in both Peru and Mexico.

Mr. Calle has spent 20 years of his professional experience in Human Capital with 13 years dedicated to the large-scale mining industry. He previously held positions at MMG – Las Bambas as Human Resource Manager, and Regional Manager of Human Resources for Newmont

Juan Jose Mostajo – Vice President, Legal Affairs

Effective December 1, 2021, Mr. Mostajo joins our legal team and will assist in legal matters related to both Peru and Mexico. His role is key for managing the ongoing legal and permitting issues at both of our operations and supporting the strategy of the Company moving forward.

He has over 23 years of experience in the mining sector and has been legal advisor to various mining companies, both Peruvian and foreign. His previous positions include a role as part of the legal management team at Anglo American in Peru as well as Vice President of Legal Affairs of Minera Chinalco, Peru.

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company with Green Metal exposure including increasing copper production and base metal production with precious metals byproduct credits, focused on the production and development of its Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

Continue to Follow, Like and Watch our progress:

Web: www.sierrametals.com | Twitter:sierrametals | Facebook:SierraMetalsInc | LinkedIn:Sierra Metals Inc

Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws (collectively, “forward-looking information“). Forward-looking information includes, but is not limited to, statements with respect to the date of the 2020 Shareholders’ Meeting and the anticipated filing of the Compensation Disclosure. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company’s annual information form dated March 18, 2020 for its fiscal year ended December 31, 2020 and other risks identified in the Company’s filings with Canadian securities regulators and the United States Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company’s forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

Investor relations
Sierra Metals Inc.
Tel: +1 (416) 366-7777
Email: info@sierrametals.com

Luis Marchese
CEO
Sierra Metals Inc.
Tel: +1 (416) 366-7777

Source: Sierra Metals Inc.

The Factors that Help Professional Fund Managers Perform

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	Image Credit: Norges Bank (Flickr)


Study Highlights Ingredients that Produce the Most Persistent Portfolio Managers

 

There’s no replacement for experience. This is what a study concluded when it compared Investment fund managers varied attributes, including whether they held a Chartered Financial Analyst (CFA) designation. Even the CFAs did not shine relative to those with longer tenures as fund managers.  There are likely reasons for these findings which don’t in any way diminish the CFA designation. The designation is considered by many to be the most difficult to achieve in the financial industry. It denotes a high level of competence in understanding accounting, economics, ethics, money management, and security analysis.  The comparisons and conclusions of the study could help advisors and self-directed investors that invest all or part of their portfolios in funds.

As part of the study, researchers reviewed the careers of more than 6,000 managers. They found that those with the most persistent high performance were more often the portfolio managers with the most experience in the market. The average of those with a CFA charter did not have the same level of persistent performance as the average experienced fund manager. Bloomberg wrote about the study saying, “Fund managers with a Chartered Financial Analyst qualification are less likely to perform well over long time periods than those who haven’t taken the famously tough exams,”

 

About the CFA

Those that have earned the CFA designation have succeeded to earn one of the most difficult qualifications in finance. The pass rate last July for the lowest level of the three required tests was only
25%. The second and third level tests require even more competence and understanding of all the disciplines necessary for financial analysts. Candidates on average, study 300 hours for each level and take four years to complete the series.

About the Study

Researchers from Bayes and Cork University Business School examined 6,291 U.S. equity mutual fund managers’ careers, tracking their performance across various funds and companies as well as examining factors such as gender, qualifications, and whether the manager was invested in the fund. Previously, similar studies have looked mostly at managers’ performance while working for particular funds.

The results showed accumulated wisdom has a positive correlation with a portfolio manager’s overall skill. The data also indicates that experienced fund managers run portfolios that have lower exposure to the market, smaller individual holdings, and momentum risk factors. The Bayes and Cork University study found evidence that when a manager has a stake in a fund, they tend to have lower exposure to risk. According to the conclusions, results “identify performance persistence as being most prevalent among managers with certain characteristics, such as managers without a CFA qualification,” since correlation is not necessarily causation, it is important to note that many more finance professionals are attaining the designation to advance their careers. This may more heavily include less experienced CFA holders.  As the study points out, “Long time experience as a characteristic is particularly important in explaining many of the findings relating to persistence.” In terms of field of study, the research did find more persistence among managers who came from universities with higher entry requirements and those that earned more technical degrees like math and physics.

 

 Take-Away

What makes a good fund manager, school, gender, CFA designation, experience level, field of study? Researchers at Bayes and Cork University tracked performance against various traits including tenure, credentials, and even whether the manager was invested in the funds they managed. The one factor that appeared to impact good long-term performance was experience. The reasons for this could be that by the time you reach a certain number of years as a manager, if you weren’t average or above, you would have washed out regardless of anything else you brought to the desk.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading



Investing and Trading Skills

Inflation and Reflation Trade





Are the Markets Priced for the Worst-Case Scenario?

How Cathie Wood Plans to Manage Market Volatility

Sources

https://www.bloomberg.com/news/articles/2022-01-24/cfa-pass-doesn-t-spell-success-for-fund-managers-study-finds

https://www.sciencedirect.com/science/article/abs/pii/S1057521922000266?dgcid=author

https://www.cfainstitute.org/en/programs/cfa#:~:text=A%20Chartered%20Financial%20Analyst%20(CFA,portfolio%20management%2C%20and%20wealth%20planning.

 

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Is the Tesla-Bot (Optimus) Just a Fantasy?

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Could Telsa’s Robots Permanently Eliminate Labor Shortages?

 

Motivational experts tell us that if you have a goal you want to achieve, write it down, then it becomes better defined and “real.” They also tell us, if you tell others what you’re going to achieve, you’ll be even more likely to succeed. Elon Musk does this. He announces plans to provide something dramatic, like a Cybertruck, fully self-driving car, a colony on Mars, or a robot, years in advance; then he provides ongoing updates. Tesla’s earnings call this week provided him an opportunity to update us on the importance and status of the robot project.

 

Optimus

Optimus (Latin for “best”) is the “code-name” given to this  project at Telsa. Developing a robot to do dangerous, boring, or repetitive tasks would, in the mind of Tesla’s founder, revolutionize the economy, he believes there would not be labor shortages.   “If you think about the economy, it is — the foundation of the economy is labor,” he said. “Capital equipment is distilled labor. So what happens if you don’t actually have a labor shortage? I’m not sure what an economy even means at that point. That’s what Optimus is about, so [it’s] very important.”

Musk said Wednesday (January 26) he expects the Tesla-Bot could take years to come to market and perhaps will never become fully realized. The goal is to create a machine that can do what can now only be carried out by humans. While advances over the years in robotics have allowed a reduction in workers, there are still limitations with current machines that use existing technology.  Many more tasks will be done by robots in the future.

Elon the Showman

The Optimus robot project is the most recent example of Musk announcing his goals publicly, and with typical fanfare and showmanship. In addition to keeping himself on task, his announcing exciting Tesla (or SpaceX) products, envisioned for years into the future, helps to energize employees, excite customers, and of course, attract investors.

 

An Interesting Four-Year-Old
Elon Musk Quote from The Boring Company Website

The rumor that I’m secretly creating a zombie
apocalypse to generate demand for flamethrowers is completely false — — Elon
Musk (@elonmusk) January 28, 2018

 

The goals that Musk has in the past set out for any one of his companies, like building EVs for the masses, or reusable space-bound rockets, often require innovation that has not even been fully envisioned. For this reason, he often falls behind on many announced projects. Consumers and investors awaiting products have grown accustomed to delays that often last years. One of many examples of this was the “Autonomy Day” event in April 2019, Musk said the company would have one million autonomous “robotaxis” on the road in 2020. If you’re still waiting for a robotaxi to take you to the airport, you are many more years away from the experience.

About Optimus

The “Tesla Bot” is the “most important product” that Tesla is developing this year, said Tesla’s CEO on Wednesday’s fourth-quarter earnings call. This places it on the priority list ahead of the Cybertruck, Robotaxi, and other vehicles, including the Semi and the new Roadster. The Tesla Bot, “[it] has the potential to be more significant than the vehicle business over time.”

Take-Away

One thing that can be learned from one of the richest people in the world is how to stay motivated. The other is that failing to meet a goal, timeline, or even follow all the way through is not always important for success. Not unlike investing, where not every trade is a winner, and some securities need to be culled ahead of expectations, running an innovative business does not mean every project is a winner. Some projects need to veer in another direction because of unexpected circumstances, others halted, and others need an even higher priority than originally planned. It is presumed that the next generation of robots will help manufacturing businesses like Tesla. For this reason, a Tesla-Bot is doubly important to the company’s founder.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading



Tesla’s CEO Surprises Reporters with Views on Robots, Subsidies, and Longevity

Elon Musk’s Tesla Bot Raises Serious Concerns – But Probably Not The Ones You Think





Robotics and AI Are Being Tapped by Cannabis Growers

Social Skills Would Benefit Physical Skills in Robotics

 

Sources

https://www.inc.com/peter-economy/this-is-way-you-need-to-write-down-your-goals-for-faster-success.html.

https://news.yahoo.com/tesla-optimus-robot-probably-wont-be-a-big-profit-driver-wall-street-thinks-173528019.html).

https://www.boringcompany.com/not-a-flamethrower

 

Stay up to date. Follow us:

 

1-800-Flowers.com (FLWS) – Is The Glass Half Empty?

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Friday, January 28, 2022

1-800-Flowers.com (FLWS)
Is The Glass Half Empty?

1-800-FLOWERS.COM, Inc. is the leading provider of gourmet and floral gifts for all occasions. For nearly 40 years, 1-800-FLOWERS® has been helping deliver smiles for customers with gifts for every occasion, including fresh flowers, premium, gift-quality fruits, and other gourmet items from Harry & David®, popcorn and specialty treats from The Popcorn Factory®; cookies and baked gifts from Cheryl’s®; premium chocolates and confections from Fannie May®; gift baskets and towers from 1-800-Baskets.com®; premium English muffins and other breakfast treats from Wolferman’s; carved fresh fruit arrangements from FruitBouquets.com; and top quality steaks and chops from Stock Yards®. The Company’s BloomNet® international floral wire service provides a broad range of quality products and value-added services designed to help professional florists grow their businesses profitably.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

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

    A surprise miss. Fiscal Q2 total revenues were $943 million, up a solid 7.5% from the year earlier quarter, but missed expectations. Adj. EBITDA was $133 million, down 17%, missing our estimate of $179 million. The miss was due to cancelled orders, higher than expected costs for ocean freight, inbound and outbound shipping costs and labor.

    Gross margins take a hit.  Gross profit margin declined 530 basis points from 45.4% in the prior year quarter to 40.1% due to increased inbound and outbound shipping costs as well as the rising cost of labor. All three operating segments took a hit to margins on a year-over-year basis: gross margins for Gourmet Foods and Gift Baskets declined 660 basis points, Consumer Floral and Gifts declined 270 …



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

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

Release – CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates

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CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates

Research, News, and Market Data on CoreCivic

 

BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022.

A live broadcast of CoreCivic’s conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company’s website at www.corecivic.com under the “Events & Presentations” section of the “Investors” page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205.

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Contact: Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024
Media: Steve Owen – Vice President, Communications – (615) 263-3107

Release – Aurania Provides Update on Exploration at Awacha and Announces Appointment of Keith Barron as President

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Aurania Provides Update on Exploration at Awacha and Announces Appointment of Keith Barron as President

Research, News, and Market Data on Aurania Resources

 

Toronto, Ontario, January 28, 2022 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) provides an update on its exploration activities at the Awacha target area at its Lost Cities-Cutucu project in southeastern Ecuador.  There appears to be a large porphyry body and possibly others at Awacha.  The goal of field work here will be to define the porphyry targets in the area.  Awacha is geographically isolated from communities and the Company is following strict COVID-19 protocols while working.

Chairman, CEO and President, Dr. Keith Barron comments, “Over the upcoming month Aurania will be engaged in basic field exploration north of the Awacha porphyry target on lands that only became accessible to the Company through a signed agreement with the local Shuar stakeholders on January 19th, 2022, prior to which we had never visited.  It is suspected that more porphyry bodies exist in this area.  On Awacha itself, soil sampling and field surveys are in progress.  Mobile Magnetotellurics (“MobileMT”) geophysics has indicated a buried conductive body in excess of 4 x 5 kilometres in size.  The anomaly has the “classic doughnut” shape of a porphyry body.  The conductive anomaly coincides with copper and molybdenum stream sediment anomalies (Figures 1 and 2), and with quartz-sericite-pyrite (“QSP”) alteration exposed in stream beds (see press release dated March 15, 2018).  This is classic “phyllic” alteration seen in porphyry systems (Figure 3).”

Aurania is also pleased to announce that Dr. Keith Barron will be assuming the role of President moving forward.  Dr. Barron is presently on the ground in Ecuador and is taking the reins of the Company’s COVID response.

Notwithstanding that year 2021 was a difficult year for the Company given the many pandemic issues to deal with, Aurania remains extremely optimistic about its future.  Aurania’s Board is studying all options to maximize value for our shareholders, and we continue to believe that there is significant value to our projects.

Figure 1 (left): MobileMT conductivity image of Awacha with molybdenum stream sediment results superimposed.

Figure 2 (right): MobileMT conductivity image of Awacha with copper stream sediment results superimposed.

Figure 3:  Example of quartz-sericite-pyrite phyllic alteration at Awacha.

Sample Analysis & Quality Assurance / Quality Control (“QAQC”)

Laboratories: before 2020, the samples were prepared for analysis at ALS Global’s (“ALS”) lab in Quito, Ecuador and then sent to its analytical facility in Lima, Peru. Since 2020, the samples were prepared for analysis in MS Analytical (“MSA”) in Cuenca, Ecuador, and the analyses were done in Vancouver, Canada.

Sample preparation: Stream sediment samples were wet-sieved through a 20 mesh (0.84mm) screen in the field and placed in cloth bags so that excess water could drain.  The samples were transported from the field to Aurania’s field office in Macas, Ecuador and batched for delivery to the laboratory for drying and screening at 80 mesh (0.18mm sieve aperture).  250g of the -80 mesh silt was pulverized to 85% passing 0.075mm.

Analytical procedure:  Approximately 0.5g split of the -80 mesh fraction of the stream silt underwent digestion with aqua regia and the liquid was analyzed for 51 elements by ICP-MS; and for gold by fire assay.

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 reviewed and approved by Jean-Paul Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and is 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

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.