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FenixOro Discovers Multiple Wide Mineralized Zones up to 20 Meters in Width at Abriaqui

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FenixOro Discovers Multiple Wide Mineralized Zones up to 20 Meters in Width at Abriaqui

Research, News, and Market Data on FenixOro Gold

 

TORONTO, Jan. 25, 2022 (GLOBE NEWSWIRE) — FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF, Frankfurt:8FD) is pleased to announce the discovery of six wider zones of mineralization on four different veins in the northern block of the Abriaqui gold project. The discoveries result from infill sampling of earlier drill core and ongoing in-mine channel sampling

  • These wide zones have the characteristics to “Buritica style” mineralization, high grade centers surrounded by wider zones of lower grade mineralization, found at the nearby Buritica mine owned by Zijin Mining (acquired from Continental Gold)
  • Six intersections on the Santa Teresa, Romperopa 1, Footwall and Baul vein thicknesses range from 7.7 to 20.1 meters and gold grades range from 2.2 g/t gold to 8.5 g/t gold.
  • The two intersections on the Romperopa 1 vein define a block of a minimum 70 meters along strike with a minimum 200 meter vertical interval which is open upward and at depth.
  • All of the thicker zones are developed in the relatively competent diorite host rock indicating potentially favorable conditions for future bulk underground mining.

FenixOro VP Exploration Stuart Moller noted, “From the start of the program, one of the objectives at Abriaqui has been to identify “Buritica style” mineralization – high grade gold in the cores of the veins surrounded by thicker zones of lower grade mineralization. An ongoing program of in-mine channel and infill core sampling now shows that there are coherent blocks of this style of mineralization on several veins which are likely to increase in size with more infill drilling. These wider zones tend to reduce the overall gold grade, however in similar deposits this is typically more than offset by additional tonnage and ounces, resulting in the potential for significantly reduced mining costs in wider stopes. Given the similar geology and structural setting throughout the property, we believe that as exploration continues, it is highly likely that more of these wider zones will be discovered”

A program of channel sampling in the small mines at Abriaqui in mid-2021 provided an interval of 11.4m @ 6.08 g/t gold from a crosscut on the Santa Teresa vein system (see press release dated August 5, 2021). The interval consisted of several veins each less than one meter in width separated by variably developed zones of gold-bearing veinlets. Subsequent channel sampling and infill sampling from earlier drill holes have defined additional wider zones of mineralization on four veins. Table 1 lists six zones which average 11.9 m in thickness @ 3.77 g/t gold. Figure 1 shows the zones in map view and Figure 2 shows many of them in cross section. Figure 2 also shows the originally reported widths and grades along with the new zones expanded by the infill sampling results.

Three of the intervals occur in the same area at depth on the Romperopa 1 and Footwall vein sequences. Two intercepts on Romperopa 1 define a block of >75 meters in length and a minimum 200 vertical meters (open up and down) which averages 15 meters in width. The Footwall vein intercept is open at depth and the near surface intercept on Santa Teresa is open in both directions along strike.

All of the areas of wider mineralization in Table 1 are hosted by the diorite rock which is significantly more competent and less fractured than the sedimentary sequence. No specific mining-related studies have been completed however the available data on rock quality (core recovery and RQD – a measure of rock fracturing) indicate that the zones may be candidates for future bulk underground mining techniques. Unit mining costs for these techniques tend to be substantially lower than those for thinner veins.

Table 1. Wider mineralized zones discovered to date at Abriaqui.

Figure 1. The wider mineralized zones in plan view.

Figure 2. Cross section through holes P001 and P012 showing vertical setting of the wider mineralized zones.

About FenixOro Gold Corp.

FenixOro Gold Corp is a Canadian company focused on acquiring and exploring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia. FenixOro’s flagship property, the Abriaqui project, is the closest project to Continental Gold’s Buritica project. It is located 15 km to the west in Antioquia State at the northern end of the Mid-Cauca gold belt, a geological trend which has seen multiple large gold discoveries in the past 10 years including Buritica and Anglo Gold’s Nuevo Chaquiro and La Colosa. As documented in “NI 43-101 Technical Report on the Abriaqui project Antioquia State, Colombia” (December 5, 2019), the geological characteristics of Abriaqui and Buritica are similar. Since the preparation of this report a Phase 1 drilling program has been completed at Abriaqui resulting in a significant discovery of a high grade, “Buritica style” gold deposit. A Phase 2 drilling program has recently commenced.

FenixOro’s VP of Exploration, Stuart Moller, led the discovery team at Buritica for Continental Gold in 2007-2011. At the time of its latest public report, the Buritica Mine contains measured plus indicated resources of 5.32 million ounces of gold (16.02 Mt grading 10.32 g/t) plus a 6.02 million ounce inferred resource (21.87 Mt grading 8.56 g/t) for a total of 11.34 million ounces of gold resources Buritica began formal production in November 2020 and has expected annual average production of 250,000 ounces at an all-in sustaining cost of approximately US$600 per ounce. Resources, cost and production data are taken from Continental Gold’s “NI 43-101 Buritica Mineral Resource 2019-01, Antioquia, Colombia, 18 March, 2019”). Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.

Technical Information

Stuart Moller, Vice President Exploration and Director of the Company and a Qualified Person for the purposes of NI 43-101 (P.Geo, British Colombia), has prepared or supervised the preparation of the technical information contained in this press release. Mr. Moller has more than 40 years of experience in exploration for precious and other metals including ten in Colombia and is a Fellow of the Society of Economic Geologists.

Drill core sampling is done in accordance with industry standards. The HQ and NQ diameter core is sawed, and half core samples are submitted to the laboratory. The other half core along with laboratory coarse reject material and sample pulps are stored in secure facilities on site and/or in the sample prep lab. Following strict chain of custody protocols, the samples are driven to the ISO 17025:2017 certified ALS Laboratory sample preparation facility in Medellin and ALS ships the prepared pulps to their assay laboratory in Lima, Peru. As of November, 2021 similar procedures have been utilized by the ISO 9001:2015 certified Medellin branch of Ontario-based Actlabs. Blanks, duplicates, and certified reference standards totaling 15% of the total samples are inserted into the sample stream. To date, no material quality control issues have been detected. Gold is analyzed by fire assay with 50 gram charges for grades in excess of 10 grams per tonne and the additional elements are analyzed by ICP with appropriate follow-up for over- limits.

Reported grade intervals are calculated using uncut gold values. Maximum sample length is one meter. Intervals which include multiple samples are calculated using the full geologic interval of mineralization at a 1 g/t gold external cutoff grade and are not subject to specific rules for cutoff grades within the zones. As such, quoted thickness and grade of these intervals do not necessarily represent optimized economic intervals in a potential future mine. Reported sample and interval widths in drill holes are based on lengths of individual samples in core and do not necessarily represent true widths of mineralization. True widths will sometimes be less than the quoted interval lengths. Intervals defined by channel samples represent true widths of mineralization in vertical veins.

There are currently no NI 43-101 compliant resources or reserves in the project area. The analysis of drill and channel results is intended to estimate the potential for future resources which will require significant additional drilling to define.

Forward Looking Information

This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Specifically, this news release contains forward looking information regarding the potential economic significance of drill results at the Abriaqui Project, conclusions as to resource potential derived from that data set, and implied assumptions as to the potential future economic viability of the gold grades and vein thicknesses reported. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Although FenixOro has no reason to believe otherwise, there can be no assurance that the planned drill program will be completed as uncertainties exist related to future project financing and future environmental permitting. Although FenixOro has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be additional factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.

FenixOro Gold Corp
John Carlesso, CEO
Email: info@FenixOro.com
Website: www.FenixOro.com
Telephone: 1-833-ORO-GOLD

Comtech Telecommunications Corp. Board Unanimously Rejects Unsolicited Offer From Acacia Research Corporation

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Comtech Telecommunications Corp. Board Unanimously Rejects Unsolicited Offer From Acacia Research Corporation

Research, News, and Market Data on Comtech Telecommunications

 

Proposal Grossly Undervalues Comtech and is Not in the Best Interests of Comtech’s Shareholders

Board Affirms Confidence in Strategy and Long-Term Outlook for the Business

MELVILLE, N.Y.–(BUSINESS WIRE)–Jan. 25, 2022– 
January 25, 2022 — 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that the Company’s Board of Directors has unanimously rejected the unsolicited proposal to acquire 
Comtech received from Acacia Research Corporation (Acacia) on 
October 29, 2021.

The Comtech Board of Directors, including the recently appointed members, carefully evaluated the proposal in consultation with the Board’s independent advisors and determined that the proposal grossly undervalues the Company and is not in the best interests of Comtech’s shareholders.

The Comtech Board’s unanimous conclusion regarding the inadequacy of Acacia’s proposal is based on the following key considerations:

  • Comtech has made strategic investments in innovative technologies that position the Company to capitalize on large, long-term renewal cycles in the 911 public safety and satellite and space communication markets.
  • Structural changes in these markets are expected to drive significant long-term growth driven by multi-year investment cycles that are well-aligned with Comtech’s core capabilities, products, and services.
  • Comtech is already beginning to see the long-term benefits of these investments and end market trends, which have created a number of large-scale opportunities being pursued by the Company. As such, the Company’s Board and management remain highly confident in Comtech’s long-term business outlook and believe the Company is well positioned to create significant value for its shareholders.

Based on the foregoing considerations, among others, the Board unanimously determined that the non-binding Acacia proposal grossly undervalues the Company, does not reflect the transformational changes underway in the Company’s end-markets and the significant inherent value in the Company’s plan, and, thus, is not in the best interests of the Company and its shareholders.

Goldman Sachs is serving as exclusive financial advisor to 
Comtech and 
Proskauer Rose and 
Sidley Austin are serving as legal advisors.

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com.

Forward Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

Source: 
Comtech Telecommunications Corp.

Salem Media Group Names its 2021 Culture Warrior of the Year Honoree

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Salem Media Group Names its 2021 Culture Warrior of the Year Honoree

Research, News, and Market Data on Salem Media

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM) announced today its winner of the 2021 Salem Culture Warrior of the Year award. Florida Governor Ron DeSantis was chosen, among the six finalists. DeSantis received 52% of the vote, from the Salem listeners who voted. Originally, Salem listeners were given the chance to nominate anyone who fits the category.

Ron DeSantis
 Ron DeSantis (Photo: Business Wire)

“Governor DeSantis is well deserving of this honor, and it proves how strong he is in Florida, but also across the country,” said Salem Senior Vice President of Spoken Word, Phil Boyce. “Last year this award was given to Candace Owens, so both honorees are well deserving of the respect and admiration of the Salem audience across the country.”

Salem has grown to become a giant in conservative media, with listeners to 100+ radio stations, in addition to the Salem Radio Network, the Salem News Channel, and the Salem Podcast Network. Listeners and viewers were given a chance to nominate individuals who embodied the spirit of a culture warrior, fighting the good fight to save America.

 

 

 

ABOUT SALEM MEDIA GROUP:

Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com, Facebook and Twitter.

Evan D. Masyr
Executive Vice President and Chief Financial Officer
(805) 384-4512
evan@salemmedia.com

Source: Salem Media Group

Release – Comtech Telecommunications Corp Board Unanimously Rejects Unsolicited Offer From Acacia Research Corporation

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Comtech Telecommunications Corp. Board Unanimously Rejects Unsolicited Offer From Acacia Research Corporation

Research, News, and Market Data on Comtech Telecommunications

 

Proposal Grossly Undervalues Comtech and is Not in the Best Interests of Comtech’s Shareholders

Board Affirms Confidence in Strategy and Long-Term Outlook for the Business

MELVILLE, N.Y.–(BUSINESS WIRE)–Jan. 25, 2022– 
January 25, 2022 — 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that the Company’s Board of Directors has unanimously rejected the unsolicited proposal to acquire 
Comtech received from Acacia Research Corporation (Acacia) on 
October 29, 2021.

The Comtech Board of Directors, including the recently appointed members, carefully evaluated the proposal in consultation with the Board’s independent advisors and determined that the proposal grossly undervalues the Company and is not in the best interests of Comtech’s shareholders.

The Comtech Board’s unanimous conclusion regarding the inadequacy of Acacia’s proposal is based on the following key considerations:

  • Comtech has made strategic investments in innovative technologies that position the Company to capitalize on large, long-term renewal cycles in the 911 public safety and satellite and space communication markets.
  • Structural changes in these markets are expected to drive significant long-term growth driven by multi-year investment cycles that are well-aligned with Comtech’s core capabilities, products, and services.
  • Comtech is already beginning to see the long-term benefits of these investments and end market trends, which have created a number of large-scale opportunities being pursued by the Company. As such, the Company’s Board and management remain highly confident in Comtech’s long-term business outlook and believe the Company is well positioned to create significant value for its shareholders.

Based on the foregoing considerations, among others, the Board unanimously determined that the non-binding Acacia proposal grossly undervalues the Company, does not reflect the transformational changes underway in the Company’s end-markets and the significant inherent value in the Company’s plan, and, thus, is not in the best interests of the Company and its shareholders.

Goldman Sachs is serving as exclusive financial advisor to 
Comtech and 
Proskauer Rose and 
Sidley Austin are serving as legal advisors.

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com.

Forward Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

Source: 
Comtech Telecommunications Corp.

Release – electroCore Inc. Announces Three Abstracts to be Presented at International Stroke Conference 2022

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electroCore, Inc. Announces Three Abstracts to be Presented at International Stroke Conference 2022

News and Market Data on electroCore

 

Clinical Research Conducted on Non-invasive Vagus Nerve Stimulation (nVNS) for the Acute Treatment of Stroke

 

ROCKAWAY, N.J., 
Jan. 25, 2022 (GLOBE NEWSWIRE) — 
electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic medicine company, today announced three abstracts focusing on the possible mechanistic or clinical role of nVNS for the acute treatment of stroke will be presented at the American Heart Association’s 2022 
International Stroke Conference, 
February 9th – 11th, 2022, in 
New Orleans, Louisiana.

The nVNS-related research to be presented includes:

Moderated Poster:
Title: Non-invasive Vagus Nerve Stimulation for The Acute Treatment Of Ischemic Or Hemorrhagic Stroke
Date/Time: 
February 9th, presentation from 
6:35 pm – 6:40 pm CT
Number: WMP5/MP5
Presenter(s): Ethem M Arsava,  Mehmet Akif Topcuoglu, Hacettepe Univ, 
Ankara, Turkey;  Ilknur Ay, Massachusetts  General Hosp, 
Boston, MA;  Eric Liebler, 
Electrocore Inc, 
Rockaway, NJ;  Hakan Ay, Massachusetts  General Hosp, 
Boston, MA

Poster Presentations:
Title: Effect Of Non-invasive Vagus Nerve Stimulation In Hemorrhagic Brain Injury And Permanent Ischemic Stroke In Rats
Date/Time: 
February 9th, authors available from 
12:30 pm – 1:15 pm CT
Number: WP141/P141
Authors: Ilknur Ay, Massachusetts  General Hosp, Charleston, MA;  Eric Liebler, 
Electrocore Inc, 
Rockaway, NJ;  Hakan Ay, Massachusetts  General Hosp, Charleston, MA

Title: Non-invasive Vagus Nerve Stimulation in Acute Ischemic Stroke
Date/Time: 
February 10th, authors available 
12:30 pm – 1:15 pm CT
Number: CTP26/CTP26
Authors: Anne van der Meij, Marianne A  van Walderveen, Nyika D Kruyt, Erik W van Zwet, Leiden Univ Medical Ctr, Leiden, 
Netherlands; Eric J Liebler, electroCore Inc, 
Rockaway, NJ; Michel D Ferrari, Marieke J Wermer, Leiden Univ Medical Ctr, Leiden, 
Netherlands

About electroCore, Inc.
electroCore, Inc. is a commercial stage bioelectronic medicine company dedicated to improving patient outcomes through its non-invasive vagus nerve stimulation therapy platform, initially focused on the treatment of multiple conditions in neurology. The company’s current indications are the preventive treatment of cluster headache and migraine, the acute treatment of migraine and episodic cluster headache, the acute and preventive treatment of migraines in adolescents, and paroxysmal hemicrania and hemicrania continua in adults.

For more information, visit www.electrocore.com.

About gammaCore™
gammaCore™ (nVNS) is the first non-invasive, hand-held medical therapy applied at the neck as an adjunctive therapy to treat migraine and cluster headache through the utilization of a mild electrical stimulation to the vagus nerve that passes through the skin. Designed as a portable, easy-to-use technology, gammaCore can be self-administered by patients, as needed, without the potential side effects associated with commonly prescribed drugs. When placed on a patient’s neck over the vagus nerve, gammaCore stimulates the nerve’s afferent fibers, which may lead to a reduction of pain in patients.

gammaCore (nVNS) is FDA cleared in the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, and the acute and preventive treatment of migraine in adolescent (ages 12 and older) and adult patients, and paroxysmal hemicrania and hemicrania continua in adult patients. gammaCore is CE-marked in the European Union for the acute and/or prophylactic treatment of primary headache (Migraine, Cluster Headache, Trigeminal Autonomic Cephalalgias and Hemicrania Continua) and Medication Overuse Headache in adults.

gammaCore is contraindicated for patients if they:

  • Have an active implantable medical device, such as a pacemaker, hearing aid implant, or any implanted electronic device
  • Have a metallic device, such as a stent, bone plate, or bone screw, implanted at or near the neck
  • Are using another device at the same time (e.g., TENS Unit, muscle stimulator) or any portable electronic device (e.g., mobile phone)

Safety and efficacy of gammaCore have not been evaluated in the following patients:

  • Adolescent patients with congenital cardiac issues
  • Patients diagnosed with narrowing of the arteries (carotid atherosclerosis)
  • Patients who have had surgery to cut the vagus nerve in the neck (cervical vagotomy)
  • Pediatric patients (less than 12 years)
  • Pregnant women
  • Patients with clinically significant hypertension, hypotension, bradycardia, or tachycardia

Forward-Looking Statements
This press release and other written and oral statements made by representatives of electroCore may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements about electroCore’s business prospects and clinical and product development plans (including with respect to enrollment in ongoing studies); its pipeline or potential markets for its technologies; the timing, outcome and impact of regulatory, clinical and commercial developments; the issuance of U.S. and international patents providing expanded IP coverage; the possibility of future business models and revenue streams from the company’s potential use of nVNS for the acute treatment of stroke and hemorrhagic brain injury, the potential of nVNS generally and gammaCore in particular and other statements that are not historical in nature, particularly those that utilize terminology such as “anticipates,” “will,” “expects,” “believes,” “intends,” other words of similar meaning, derivations of such words and the use of future dates. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to raise the additional funding needed to continue to pursue electroCore’s business and product development plans, the inherent uncertainties associated with developing new products or technologies, the ability to commercialize gammaCore™, the potential impact and effects of COVID-19 on the business of electroCore, electroCore’s results of operations and financial performance, and any measures electroCore has and may take in response to COVID-19 and any expectations electroCore may have with respect thereto, competition in the industry in which electroCore operates and overall market conditions. Any forward-looking statements are made as of the date of this press release, and electroCore assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents electroCore files with the SEC available at www.sec.gov.

Investors:
Rich Cockrell

CG Capital
404-736-3838
ecor@cg.capital

or

Media Contact:
Jackie Dorsky
electroCore
908-313-6331
jackie.dorsky@electrocore.com

electroCore, Inc. Announces Three Abstracts to be Presented at International Stroke Conference 2022

Posted on by Admin



electroCore, Inc. Announces Three Abstracts to be Presented at International Stroke Conference 2022

News and Market Data on electroCore

 

Clinical Research Conducted on Non-invasive Vagus Nerve Stimulation (nVNS) for the Acute Treatment of Stroke

 

ROCKAWAY, N.J., 
Jan. 25, 2022 (GLOBE NEWSWIRE) — 
electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic medicine company, today announced three abstracts focusing on the possible mechanistic or clinical role of nVNS for the acute treatment of stroke will be presented at the American Heart Association’s 2022 
International Stroke Conference, 
February 9th – 11th, 2022, in 
New Orleans, Louisiana.

The nVNS-related research to be presented includes:

Moderated Poster:
Title: Non-invasive Vagus Nerve Stimulation for The Acute Treatment Of Ischemic Or Hemorrhagic Stroke
Date/Time: 
February 9th, presentation from 
6:35 pm – 6:40 pm CT
Number: WMP5/MP5
Presenter(s): Ethem M Arsava,  Mehmet Akif Topcuoglu, Hacettepe Univ, 
Ankara, Turkey;  Ilknur Ay, Massachusetts  General Hosp, 
Boston, MA;  Eric Liebler, 
Electrocore Inc, 
Rockaway, NJ;  Hakan Ay, Massachusetts  General Hosp, 
Boston, MA

Poster Presentations:
Title: Effect Of Non-invasive Vagus Nerve Stimulation In Hemorrhagic Brain Injury And Permanent Ischemic Stroke In Rats
Date/Time: 
February 9th, authors available from 
12:30 pm – 1:15 pm CT
Number: WP141/P141
Authors: Ilknur Ay, Massachusetts  General Hosp, Charleston, MA;  Eric Liebler, 
Electrocore Inc, 
Rockaway, NJ;  Hakan Ay, Massachusetts  General Hosp, Charleston, MA

Title: Non-invasive Vagus Nerve Stimulation in Acute Ischemic Stroke
Date/Time: 
February 10th, authors available 
12:30 pm – 1:15 pm CT
Number: CTP26/CTP26
Authors: Anne van der Meij, Marianne A  van Walderveen, Nyika D Kruyt, Erik W van Zwet, Leiden Univ Medical Ctr, Leiden, 
Netherlands; Eric J Liebler, electroCore Inc, 
Rockaway, NJ; Michel D Ferrari, Marieke J Wermer, Leiden Univ Medical Ctr, Leiden, 
Netherlands

About electroCore, Inc.
electroCore, Inc. is a commercial stage bioelectronic medicine company dedicated to improving patient outcomes through its non-invasive vagus nerve stimulation therapy platform, initially focused on the treatment of multiple conditions in neurology. The company’s current indications are the preventive treatment of cluster headache and migraine, the acute treatment of migraine and episodic cluster headache, the acute and preventive treatment of migraines in adolescents, and paroxysmal hemicrania and hemicrania continua in adults.

For more information, visit www.electrocore.com.

About gammaCore™
gammaCore™ (nVNS) is the first non-invasive, hand-held medical therapy applied at the neck as an adjunctive therapy to treat migraine and cluster headache through the utilization of a mild electrical stimulation to the vagus nerve that passes through the skin. Designed as a portable, easy-to-use technology, gammaCore can be self-administered by patients, as needed, without the potential side effects associated with commonly prescribed drugs. When placed on a patient’s neck over the vagus nerve, gammaCore stimulates the nerve’s afferent fibers, which may lead to a reduction of pain in patients.

gammaCore (nVNS) is FDA cleared in the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, and the acute and preventive treatment of migraine in adolescent (ages 12 and older) and adult patients, and paroxysmal hemicrania and hemicrania continua in adult patients. gammaCore is CE-marked in the European Union for the acute and/or prophylactic treatment of primary headache (Migraine, Cluster Headache, Trigeminal Autonomic Cephalalgias and Hemicrania Continua) and Medication Overuse Headache in adults.

gammaCore is contraindicated for patients if they:

  • Have an active implantable medical device, such as a pacemaker, hearing aid implant, or any implanted electronic device
  • Have a metallic device, such as a stent, bone plate, or bone screw, implanted at or near the neck
  • Are using another device at the same time (e.g., TENS Unit, muscle stimulator) or any portable electronic device (e.g., mobile phone)

Safety and efficacy of gammaCore have not been evaluated in the following patients:

  • Adolescent patients with congenital cardiac issues
  • Patients diagnosed with narrowing of the arteries (carotid atherosclerosis)
  • Patients who have had surgery to cut the vagus nerve in the neck (cervical vagotomy)
  • Pediatric patients (less than 12 years)
  • Pregnant women
  • Patients with clinically significant hypertension, hypotension, bradycardia, or tachycardia

Forward-Looking Statements
This press release and other written and oral statements made by representatives of electroCore may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements about electroCore’s business prospects and clinical and product development plans (including with respect to enrollment in ongoing studies); its pipeline or potential markets for its technologies; the timing, outcome and impact of regulatory, clinical and commercial developments; the issuance of U.S. and international patents providing expanded IP coverage; the possibility of future business models and revenue streams from the company’s potential use of nVNS for the acute treatment of stroke and hemorrhagic brain injury, the potential of nVNS generally and gammaCore in particular and other statements that are not historical in nature, particularly those that utilize terminology such as “anticipates,” “will,” “expects,” “believes,” “intends,” other words of similar meaning, derivations of such words and the use of future dates. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to raise the additional funding needed to continue to pursue electroCore’s business and product development plans, the inherent uncertainties associated with developing new products or technologies, the ability to commercialize gammaCore™, the potential impact and effects of COVID-19 on the business of electroCore, electroCore’s results of operations and financial performance, and any measures electroCore has and may take in response to COVID-19 and any expectations electroCore may have with respect thereto, competition in the industry in which electroCore operates and overall market conditions. Any forward-looking statements are made as of the date of this press release, and electroCore assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents electroCore files with the SEC available at www.sec.gov.

Investors:
Rich Cockrell

CG Capital
404-736-3838
ecor@cg.capital

or

Media Contact:
Jackie Dorsky
electroCore
908-313-6331
jackie.dorsky@electrocore.com

Are the Markets Priced for the Worst-Case Scenario?

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	Image Credit: Alphatradez (Pexels)

Does “Buy the Rumor, Sell the News” Apply to Today’s Markets?

 

Is the current market selloff a case of “Buy the rumor, sell the news”? The expectation that the upcoming Fed announcement is going to surprise investors with an even more hawkish stance than previously declared is the impetus for the current selloff. The presumed certainty is so great that the market may be positioned for the worst, and have this expectation already priced it in. If the Fed’s position is instead unchanged or otherwise less severe than feared, it could lead to a relief rally.

 

Background

The S&P 500 is down over 8% over the first 24 days of the year, the Nasdaq Index is down 12%, and both have fallen several more percentage points from their highs attained last year. Many highly followed tech stocks have fallen even further. Much of the selloff has been attributed to a hawkish Fed that is planning to raise interest rates to combat rising inflation. A modest increase in rates was expected heading into the new year. The market’s concern is now that the Fed will act with more resolve. The current selloff appears to be fear of the worst case for many sectors of the market, especially those that are impacted most by borrowing costs.

 

 

Is Relief on the Way?

If the market’s fears are correct and the Fed ramps up its hawkish rhetoric, will the markets have much further to fall? This risk may have already been substantially reduced with the current price action. If instead, the Fed sets a less aggressive timeline than priced in, many traders will wish they bought at current prices. And for those that are contemplating selling, they may be handed a better opportunity.

JP Morgan’s top equity strategist, Marko Kolanovic says the market correction could be approaching its “final stages.” In a note released this week, Kolanovic said the recent bearishness in stocks is out of line with momentum in economic activity, easing supply bottlenecks, and what JP Morgan expects will be a strong earnings season.  “While some are concerned that rising input prices will eat into margins, we expect margins to remain resilient thanks to strong activity and prices outpacing wage inflation,” Kolanovic wrote.

Investor sentiment has turned bearish, causing technical indicators to suggest oversold conditions, “we could be in the final stages of this correction. While the market struggles to digest the rotation forced on it by raising rates, we expect the earnings season to reassure,” Kolanovic explained.

According to the latest AAII Sentiment Survey, bullish sentiment fell to a low not seen since the coronavirus selloff. At the same time, bearish sentiment rose to a 16 month high. For many contrarian investors, that bearish sentiment suggests something between incremental buying and loading up on favorite sectors.

The Fed is in a tough spot and may again use unconventional tools to navigate. If the market continues to decline, it has implications for the overall economy and employment. Should the selloff continue, Kolanovic sees the Fed potentially stepping in with policy changes to stem the decline. “In a worst-case scenario, we could see a return of the ‘Fed
put,'” Kolanovic said.

Fed thinking could be altered by a continued steep market correction which may translate into fewer and smaller interest rate hikes in 2022 or a return to a longer-term tapering.  Just as when a quarterback calls a play, the movement on the field may quickly dictate other means of moving the ball toward the goal line. If the Feds plan to fight inflation and maintain a strong economy runs afoul, it certainly has other less aggressive offensive options to implement toward its goal.

Take-Away

As with all things related to predicting economic trends (or even forecasting weather), the expectations never match what is actually experienced. If the Fed is predicting one set of conditions, and it appears that another set is unfolding, they can turn on a dime. The Fed has done this unannounced before. It has also pulled tools from its quiver that have previously gone unused.

The most recent selloff appears to be based on the worst-case scenario; as JP Morgan’s top strategist has written, the economy is growing with very strong momentum.

Is there a better sell opportunity in the near future, is this a buying opportunity? Time will tell.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading



Will the Fed “Put” Become Worthless?

Climbing a “Wall of Worry”





The Correlation of Passive Ownership and Underperformance

Safe Haven Comparison During Downturns, Bitcoin vs. Gold

 

 

Sources

https://www.nasdaq.com/articles/vix-etfs-surge-as-stocks-continue-to-tumble

https://www.cnbc.com/2022/01/24/jpmorgans-kolanovic-says-selling-is-overdone-as-stocks-tumble.html

https://www.aaii.com/sentimentsurvey

https://www.thebalance.com/what-does-buy-the-rumor-sell-the-news-mean-1344971

www.koyfin.com

 

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Release – Salem Media Group Names its 2021 Culture Warrior of the Year Honoree

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Salem Media Group Names its 2021 Culture Warrior of the Year Honoree

Research, News, and Market Data on Salem Media

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM) announced today its winner of the 2021 Salem Culture Warrior of the Year award. Florida Governor Ron DeSantis was chosen, among the six finalists. DeSantis received 52% of the vote, from the Salem listeners who voted. Originally, Salem listeners were given the chance to nominate anyone who fits the category.

Ron DeSantis
 Ron DeSantis (Photo: Business Wire)

“Governor DeSantis is well deserving of this honor, and it proves how strong he is in Florida, but also across the country,” said Salem Senior Vice President of Spoken Word, Phil Boyce. “Last year this award was given to Candace Owens, so both honorees are well deserving of the respect and admiration of the Salem audience across the country.”

Salem has grown to become a giant in conservative media, with listeners to 100+ radio stations, in addition to the Salem Radio Network, the Salem News Channel, and the Salem Podcast Network. Listeners and viewers were given a chance to nominate individuals who embodied the spirit of a culture warrior, fighting the good fight to save America.

 

 

 

ABOUT SALEM MEDIA GROUP:

Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com, Facebook and Twitter.

Evan D. Masyr
Executive Vice President and Chief Financial Officer
(805) 384-4512
evan@salemmedia.com

Source: Salem Media Group

Release – Orion Group Holdings Inc. Announces Board of Director Changes

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Orion Group Holdings, Inc. Announces Board of Director Changes

Research, News, and Market Data on Orion Group Holdings

 

HOUSTON–(BUSINESS WIRE)–Jan. 25, 2022– 
Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”) a leading specialty construction company, today announced the appointment of  Quentin P. Smith, Jr. to the Board of Directors, as well as the retirement of  Richard L. Daerr, Jr. as a board member.

The Board’s appointment of  Mr. Smith to the Board of Directors is effective 
January 21, 2022. His initial term will expire at the 2022 annual meeting of stockholders, at which time the Board will propose  Mr. Smith for re-election as a Class II Director to serve until the 2024 annual meeting of stockholders. In addition,  Richard L. Daerr, Jr. has announced his retirement from the Board effective 
May 20, 2022.  Mr. Daerr has served as a member of the Board since 2007 and was Chairman of the Board of Directors from 2007 to 2020. With the timing of the appointment of  Mr. Smith and Mr. Daerr’s retirement, the 
Orion Group Holdings, Inc. Board of Directors will temporarily expand to eight Directors.

Austin Shanfelter, the Company’s Chairman of the Board, commented, “We are pleased to welcome Quentin as a new independent director. He brings a wealth of experience, particularly in strategic planning, business development and governance, and we are confident he will provide valuable perspectives as we continue to execute on our strategy to be a premier specialty construction company focused on providing solutions for our customers across the infrastructure, industrial, and building sectors while maximizing stakeholder value. We also want to thank Richard for his years of service to the Company and his many valuable contributions, including his board leadership in the transition of Orion to a public company, establishing the standards for governance, and the growth of the Company. We wish him all the best in his future endeavors.”

About Quentin P. Smith, Jr.

Mr. Smith is president of 
Cadre Business Advisors, LLC, a professional management-consulting firm with an emphasis on strategic planning, business development, and business performance improvement. He has 40 years of experience providing management services to publicly and privately held businesses and government agencies of virtually every size and scope. To effectively execute business strategies, he often assumes the role of board chairman, interim CEO or special advisor to the CEO, taking responsibility for corporate governance, capital formation, setting the company’s operating strategy, and guiding it to profitability. He is Chairman of 
Banner Health and serves on its Executive and Nominating & Governance and Compensation Committees; and is a Director of 
Store Capital (NYSE: STOR), is Chairman of its Compensation Committee and serves on its 
Nominating & Governance Committee. His additional past board service includes 
Arizona Public Service (NYSE: PNW), 
Rodel, Inc., iCrossing, Arizona MultiBank, Greater Phoenix Leadership, and the 
Morrison Institute for Public Policy at 
Arizona State University.  Mr. Smith holds a Bachelor’s degree in Industrial Management and Computer Science from the 
Krannert School of Business at 
Purdue University and a Master’s degree in Business Administration from 
Pepperdine University in 
Malibu, California.

About Orion Group Holdings

Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental 
United States, 
Alaska, 
Canada and the 
Caribbean Basin through its marine segment and its concrete segment. The Company’s marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in 
Houston, Texas with regional offices throughout its operating areas.

Forward-Looking Statements

The matters discussed in this press release may constitute or include projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, the provisions of which the Company is availing itself. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as ‘believes’, ‘expects’, ‘may’, ‘will’, ‘could’, ‘should’, ‘seeks’, ‘approximately’, ‘intends’, ‘plans’, ‘estimates’, or ‘anticipates’, or the negative thereof or other comparable terminology, or by discussions of strategy, plans, objectives, intentions, estimates, forecasts, outlook, assumptions, or goals. In particular, statements regarding future operations or results, including those set forth in this press release and any other statement, express or implied, concerning future operating results or the future generation of or ability to generate revenues, income, net income, profit, EBITDA, EBITDA margin, or cash flow, including to service debt, and including any estimates, forecasts or assumptions regarding future revenues or revenue growth, are forward-looking statements. Forward looking statements also include estimated project start date, anticipated revenues, and contract options which may or may not be awarded in the future. Forward looking statements involve risks, including those associated with the Company’s fixed price contracts that impacts profits, unforeseen productivity delays that may alter the final profitability of the contract, cancellation of the contract by the customer for unforeseen reasons, delays or decreases in funding by the customer, levels and predictability of government funding or other governmental budgetary constraints and any potential contract options which may or may not be awarded in the future, and are the sole discretion of award by the customer. Past performance is not necessarily an indicator of future results. In light of these and other uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that the Company’s plans, estimates, forecasts, goals, intentions, or objectives will be achieved or realized. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update information contained in this press release whether as a result of new developments or otherwise.

Please refer to the Company’s Annual Report on Form 10-K filed on 
March 2, 2021, which is available on its website at www.oriongroupholdingsinc.com or at the SEC’s website at www.sec.gov, for additional and more detailed discussion of risk factors that could cause actual results to differ materially from our current expectations, estimates or forecasts.

Orion Group Holdings Inc.
Francis Okoniewski, Vice President Investor Relations
(346) 616-4138
fokoniewski@orn.net

www.oriongroupholdingsinc.com

Source: 
Orion Group Holdings, Inc.

Release – Hypersonix and Kratos Sign Agreement to Develop and Fly DART AE Hypersonic Drone

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Hypersonix and Kratos Sign Agreement to Develop and Fly DART AE Hypersonic Drone

Research, News, and Market Data on Kratos Defense & Security Solutions

 

System to be Powered by Fifth-Generation SPARTAN, Zero Emission, Clean Hydrogen Scramjet Engine

 

SAN DIEGO, 
Jan. 25, 2022 (GLOBE NEWSWIRE) — 
Hypersonix Launch Systems Ltd. and 
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) have signed an agreement to launch the DART AE multi-mission hypersonic drone technology demonstrator. In the Hypersonix Kratos Team’s (the “Team”) submission to the 
Australian Department of Industry, Science, Energy and Resources Modern Manufacturing Initiative (MMI) Grants Program 2, the Team is planning for a launch and initial demonstration flight of the DART AE Hypersonic Drone System in 2023.

The Hypersonix DART AE, a multi-mission, hypersonic drone, will be fully 3D-printed out of exquisite high-temperature materials and powered by a single, fifth-generation SPARTAN, zero emission, clean hydrogen scramjet engine with a publicly disclosable range of 500km.

Kratos brings to the team and proposed effort its extensive digital engineering capabilities and sounding rocket booster integration and launch experience. The Kratos booster system will accelerate the DART AE drone to a speed greater than Mach 5 and release the vehicle, ignition of the Drone scramjet engine will occur, and autonomous flight of DART AE will proceed along a programmed flight path to a predetermined landing location.

Hypersonix Launch Systems is an Australian Aerospace Engineering company, specialising in the design and build of scramjet engines and hypersonic vehicles. Their SPARTAN scramjet engine is hydrogen fueled and designed to operate between Mach 5 and 12 in support of multiple missions.

Kratos is a leading provider of innovative products and solutions supporting ballistic missile targets, hypersonic systems, sub-orbital research, sounding rockets, unmanned drone systems, turbine technologies, directed energy and laser program systems. Kratos has significant experience in launching Australian hypersonic “experiments”, having been involved with multiple hypersonic launches in collaboration with the 
Defence and Science Technology Group, investigating the fundamental science of hypersonic technology and its potential for next generation aeronautical propulsion systems for technical, commercial and security purposes.

Kratos’ extensive involvement in past hypersonic experimental flight test programs demonstrates their ability to launch a variety of hypersonic vehicles and makes them a unique and highly qualified partner and teammate for Hypersonix, as the launch provider for the first DART AE flight in 2023.

“Kratos is excited to team up with Hypersonix on this innovative project and we look forward to supporting their development and the integration and flight of this truly disruptive and enabling Australian technology. DART AE is an ideal opportunity for Kratos to further showcase our extensive hypersonic launch system capability” said  David Carter, President of Kratos’ 
Defense Rocket & Support Services Division.

David Waterhouse, Hypersonix Managing Director and Co-Founder adds: “Kratos is an experienced launch provider who has a proven track record of launching payloads around the world. They understand hypersonic technology and flight and are ready to support us with the first launch of our transformative technology that will be faster, more sustainable, and more efficient than current technology. It is incredibly exciting to work with the Kratos team on this project and we are thrilled to share this news today with the public. “

ABOUT HYPERSONIX
Hypersonix Launch Systems is an Australian engineering, design and build company specializing in scramjet engines and hypersonic technology. Hypersonix is developing several hypersonic vehicles that fly at hypersonic speeds between Mach 5 and Mach 12 with zero CO2 emissions, only water vapor, and have applications in both satellite launch and high-speed aviation.

For more information, please watch the company video at https://vimeo.com/538520388 and go to www.hypersonix.com.au.

ABOUT KRATOS

Kratos Defense & Security Solutions (NASDAQ: KTOS) develops and fields transformative, affordable technology, platforms, systems for United States National Security related customers, allies, and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research, and streamlined development processes. At Kratos, affordability is a technology, and we specialise in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding 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 are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos 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 Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos 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 Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.


Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

How Cathie Wood Plans to Manage Market Volatility

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	Image Credit: ETF Trends.com

Cathie Wood Says Investors Making Emotional Decisions is a Mistake

 

In a recent interview with Cathie Wood, ETF Trends’ CEO Tom Lydon, asked the popular fund manager about her expectations for the markets, and specific strategies for recent volatility for the Ark Innovation Fund (ARKK). The ETF has fallen over 50% from its high. Wood discusses specific plays while highlighting the importance of the technology companies the fund invests in. She explained her belief that deflation, not inflation, is the more worrisome risk over the medium term.

 

Longer-Term Outlook

Cathie Wood’s advice to investors who have experienced drawdowns or realized losses on her strategy is to know that, “We have never underperformed the market on a rolling three-year point of view.” Wood stressed the importance of taking a long-term view in a well-managed future-looking portfolio. 

In the past Wood has stressed that Ark Invest takes a five-year outlook when it places investments. With the steep sell-off amid inflation fears, she says the bond market confirms are unwarranted, and a more hawkish Fed stance, Wood expects a rebound to begin to unfold. “What this means is that this rubber band has been stretched so tightly, that we believe, and consider the source, but we truly believe given the valuations in our portfolio, the growth in the portfolio, and the fact that we’re probably looking at very choppy waters from a cyclical point of view so that our secular growers are going to shine,” Wood said.

As the Chief Investment Officer of the Innovation Fund, Cathie says that investors would be wise to take advantage of the potential for a sharp rebound in Ark’s investment strategies. “I certainly would be using this downdraft to increase that allocation [to ARK funds], because if anything during the last year, and it is quite a year for me to be saying this if anything our conviction in how rapidly the world is going to change and how transformative these technologies will be as they converge and feed one another, our conviction in that outlook has increased dramatically,” Wood said.

 

“Well, and I will harken back to ’08, ’09. How many people do both of us know who just couldn’t take it anymore? They became very emotional. Their life was flashing before their eyes. They thought they were going to be destitute. You conjure up all kinds of fears as downward momentum continues relentlessly day by day. They finally can’t take it. They sell and they regret it for the rest of their lives. They think of about it every day the market goes up after that.”

“… An emotional response, just avoid it. It is usually catastrophic to long-term performance. What is additive and significantly so to performance is averaging down. It doesn’t feel good maybe as you’re doing it, but you would be shocked how little it takes if you’re consistent and you just keep averaging down.”  _C. Wood

 

According to Wood, it’s crucial that investors avoid making emotional investment decisions, as that can be catastrophic to their portfolio performance. Instead, investors can improve performance by averaging down, according to Wood.  The 65-year-old added that the undervaluation in Ark’s portfolio holdings “has reached an extreme I’ve never experienced in my career.” Wood used Tesla as an example reminding of the amount of skepticism the company faced for years until it soared from $35 to $1,000 in a short period of time. “It was a major surprise to some people, and it was because they didn’t understand the story. We feel that is a theme that’s going to play out again and again and again, in our portfolios,” said Cathie.

As for some of the top holdings in the AARK portfolio, like Teledoc, Roku, and Zoom Video, “they are ready like a coiled spring,” Wood said.

On Inflation

Cathie addressed interest rates and inflation while discussing the ETF’s healthcare holdings. She said many think inflation means higher interest rates. She pointed out, “Interestingly, long-term interest rates are not confirming that by the way. We do believe inflation is transitory. I know that’s become a bad word recently, but we believe people are going to be shocked at how low inflation goes this year. We’re going to see negative year over year in many, many categories.”

 

Take-Away

An ETF that invests in one sector is likely to underperform the overall market when the sector underperforms, and overperform when the sector overperforms. Individual stock holdings can do the same. The sector Cathie Wood’s ARKK ETF invests in has, in the past, performed well above the S&P 500, and is now experiencing performance well below. The CIO says the time horizon they take when adding to holdings is five years. She suggests that those in or considering investing in the fund that concentrates on disruptive technologies, use the same time horizon. Cathie Wood believes, with that timeframe, the selloff makes timing very good.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading



The Sources of Deflationary Pressure According to Cathie Wood

Index Funds Still May Fall Apart over Time





Is it Game-Over for Meme Stock Investors?

Walmart’s Metaverse, NFT, and Crypto Plans

 

Sources

https://www.etftrends.com/disruptive-technology-channel/qa-with-ark-invests-cathie-wood/

https://markets.businessinsider.com/news/stocks/cathie-wood-advice-to-investors-after-arkk-sell-off-2022-1

 

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Capstone Green Energy Announces New 4 MW, Two-Year EaaS Contract – Plans to Expand Rental Fleet to 21.1 MW by March 31, 2022

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Capstone Green Energy Announces New 4 MW, Two-Year EaaS Contract – Plans to Expand Rental Fleet to 21.1 MW by March 31, 2022

 

Remote Data Center Located on Oil & Gas Well Handles Cryptocurrency Mining

VAN NUYS, Calif.–(BUSINESS WIRE)– Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) (“Capstone,” the “Company,” “we” or “us”), a global leader in carbon reduction and on-site resilient green energy as a service (EaaS) solutions, announced today that it has entered into a 4 megawatt (MW), two-year, long-term rental contract with a new end-use customer in the cryptocurrency mining space. The new two-year contract represents another 4 MW of clean Energy as a Service (EaaS) rental systems, and continues Capstone Green Energy’s expansion of its current long-term rental fleet to 21.1 MW by March 31, 2022.

“Capstone continues to expand its EaaS business, including its long-term rental program. This is an important element in achieving our near-term profitability goals as rentals generate higher contribution margin rates than traditional product sales,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “With this new 4 MW, long-term contract and the existing pipeline of rental projects, we expect to reach our goal of a 21.1 MW rental fleet by March 31, 2022,” concluded Mr. Jamison.

Located on an oil and gas well, this remote data center handles large volume, blockchain and cryptocurrency mining. The customer approached Capstone looking for an innovative way to take advantage of their existing on-site associated production gas, a byproduct that would otherwise be released into the atmosphere.

Because Capstone microturbines are designed to offer fuel flexibility, the system will use the waste gas, essentially as free fuel, a benefit that not only reduces emissions but also offers operational savings. Further, the added reliability, low emissions, and nominal maintenance requirements of microturbine-based rental systems make them an ideal solution for remote locations, which can be hard to reach and often deal with challenging climate conditions.

Cryptocurrency mining is the process by which new crypto “coins” are entered into circulation. Their production requires highly sophisticated computers, often in a data center, to solve complex computational math problems. By their very nature, data centers require tremendous amounts of electricity. At a time when the utility grid is strained due to extreme weather, aging infrastructure, and inadequate transmission, on-site power provides a resilient, cost-effective alternative for energy-intensive facilities.

By offering customers Energy as a Service, Capstone Green Energy is strengthening its commitment to creating smarter energy for a cleaner future, as carbon reduction continues to have ever-increasing value to global customers.

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 Conversion Products 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 Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, 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.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

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

Source: Capstone Green Energy Corporation

Release – Sierra Metals Reports 2021 Production Results 2022 Guidance To Be Provided With Year-End Financial Results

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Sierra Metals Reports 2021 Production Results, 2022 Guidance To Be Provided With Year-End Financial Results

Research, News, and Market Data on Sierra Metals

 

(All $ figures reported in USD)

  • Consolidated mill throughput increased 3% mainly due to higher throughput at Yauricocha and Cusi. Lower throughput at Bolivar.
  • Copper equivalent production decreased 24% in 2021 compared to 2020, due to lower grades and COVID-19 related operational difficulties during the year.

TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) is pleased to report fourth quarter 2021 and full year 2021 production results, which include results from Sierra Metals’ three underground mines: The Yauricocha polymetallic mine in Peru, and the Bolivar copper and Cusi silver mines in Mexico.

Luis Marchese, CEO of Sierra Metals, commented: “2021 has been quite a difficult year for the company. Declining grades were coupled with unprecedented COVID-related operational difficulties at our three operations. For 2022, although Cusi and Yauricocha are approaching normalized operations and staffing, Bolivar needs to accelerate infill drilling and mine development in order to increase the availability of ore during the first six months of 2022.”

As stated during Q3 2021 financial results, there were several operational issues at the Bolivar Mine, including lack of equipment and decreased workforce availability which impacted mine development, infill drilling and head grades. Bolivar’s fourth quarter production reflects the continued challenges due to these temporary factors and consequently, consolidated production was below guidance for the year. While efforts are underway to normalize operations, we maintain our expectation that it will take at least until the end of Q2 2022 to catch up. Additionally, we recognize that Sierra Metals is currently experiencing the early effects of the latest wave of COVID-19 infections. While it is too soon to determine the impact of this latest wave, we anticipate reduced workforce levels at our operations in both Peru and Mexico during Q1 and potentially into Q2.”

He concluded, “For these reasons, Sierra Metals has decided to postpone the issuance of its 2022 production and cost guidance until March 16, 2022 at the time of publishing our year-end financial results. It is our intention to provide guidance when we are able to provide accurate and more meaningful targets. At this time, our focus remains the health and safety of our employees and communities. We will continue to overcome the obstacles presented due to the lagging effect of COVID-19 on our workforce, community, suppliers and service providers; which has had an impact both directly and indirectly on our operations. We remain confident that once these challenges are behind us, we can look forward to making progress on exploration initiatives as well as projects to advance our efficiencies and take full advantage of growth opportunities across each of our operations.”

2021 Consolidated Production Highlights

  • Copper production of 31.8 million pounds; a 28% decrease from 2020
  • Zinc production of 79.3 million pounds; a 3% decrease from 2020
  • Lead production of 30.8 million pounds; a 7% decrease from 2020
  • Silver production of 3.5 million ounces; a 2% increase from 2020
  • Gold production of 9,572 ounces; a 30% decrease from 2020
  • Total of 2.9 million ore tonnes processed; a 3% increase from 2020
  • Consolidated copper equivalent production of 89.9 million pounds; a decrease of 24% from 2020

The Company achieved annual throughput that was 3% higher than the 2020 annual throughput.

Fourth Quarter 2021 Production Highlights

  • Copper production of 6.1 million pounds; a 43% decrease from Q4 2020
  • Zinc production of 14.9 million pounds; a 31% decrease from Q4 2020
  • Lead production of 6.0 million pounds; a 21% decrease from Q4 2020
  • Silver production of 0.8 million ounces; a 13% decrease from Q4 2020
  • Gold production of 1,863 ounces; a 45% decrease from Q4 2020

Consolidated quarterly ore throughput of 590,057 tonnes decreased by 24% over Q4 2020, mainly due to the 41% decline in the Bolivar Q4 2021 throughput, as the mine continued to face the residual issues of the COVID restrictions. Quarterly throughput at the Yauricocha mine declined 11% as compared to Q4 2020. The 2021 average annual permitted capacity for Yauricocha is calculated as a weighted average of the original capacity of 3,000 tonnes per day (“tpd) and the increased capacity of 3,600 tpd (as of June 16, 2021). Operating at a rate of more than 3,700 tpd for the first nine months of the year, the mine attained this maximum annual permitted capacity before the end of the year. Mine operations were halted a few days before year end resulting in Q4 2021 Yauricocha production being lower than Q4 2020.

Copper equivalent production at Yauricocha declined 32% during Q4 2021 due to a 11% decrease in quarterly throughput combined with lower head grades and recoveries, except for gold and copper. Bolivar Q4 2021 throughput, which was significantly impacted by COVID and its impact on mine development, was 41% lower than Q4 2020. Lower throughput combined with negative variances in grades resulted in 65% lower copper equivalent production from Bolivar in Q4 2021 as compared to Q4 2020.

Q4 2021 silver equivalent production at the Cusi mine was 21% higher than Q4 2020, driven by the 3% higher throughput and higher grades for all metals during the quarter as compared to Q4 2020.

Consolidated Production Results

Consolidated Production Three Months Ended December 31, Twelve Months Ended December 31,

2021

2020

% Var.

2021

2020

% Var.
 
Tonnes processed

590,057

778,236

-24%

2,902,220

2,828,877

3%
Daily throughput

6,743

8,894

-24%

8,292

8,083

3%
 
 
Silver production (000 oz)

805

922

-13%

3,527

3,465

2%
Copper production (000 lb)

6,071

10,626

-43%

31,757

44,262

-28%
Lead production (000 lb)

6,011

7,630

-21%

30,816

32,972

-7%
Zinc production (000 lb)

14,913

21,612

-31%

79,281

81,868

-3%
Gold Production (oz)

1,863

3,363

-45%

9,572

13,771

-30%
 
 
Copper equivalent pounds (000’s)(1)(2)

17,841

29,267

-39%

89,926

118,214

-24%
 
(1) Copper equivalent pounds for Q4 2021 were calculated using the following realized prices: $23.41/oz Ag, $4.40/lb Cu, $1.55/lb Zn, $1.06/lb Pb, $1,795/oz Au. Copper equivalent pounds for Q4 2020 were calculated using the following realized prices: $24.30/oz Ag, $3.32/lb Cu, $1.22/lb Zn, $0.89/lb Pb, $1,859/oz Au. Copper equivalent pounds for full year 2021 were calculated using the following realized prices: $25.21/oz Ag, $4.23/lb Cu, $1.37/lb Zn, $1.00/lb Pb, $1,796/oz Au. Copper equivalent pounds for full year 2020 were calculated using the following realized prices: $20.59/oz Ag, $2.80/lb Cu, $1.03/lb Zn, $0.83/lb Pb, $1,771/oz Au.
(2) In August 2021, the Company revised its annual production guidance to 110 million to 115 million copper equivalent pounds, using the following budgeted metal prices: $25.15/oz Ag, $3.12/lb Cu, $1.09/lb Zn, $0.90/lb Pb and $1,936/oz Au. For direct comparison, the full year 2021 copper equivalent production calculated at same metal prices is 102.7 million pounds.

Yauricocha Mine, Peru

The Yauricocha mine Q4 2021 production was 11% lower than Q4 2020, as the 3,700 tpd throughput rate in the first nine months of the year allowed the mine to achieve its annual permitted capacity during December causing the mine to halt operations before the end of the year. The mine received its Informe Tecnico Minero (“ITM”) permit in June 2021, allowing for an operating capacity of 3,600 tpd. Copper equivalent metal production in Q4 2021 decreased by 32% due to lower throughput and lower head grades, due to the inability to mine in the higher-grade zones.

Yauricocha’s annual throughput was 1,256,847 tonnes, representing an increase of 12% as compared to the 2020 annual production. While the mine’s operational flexibility allowed for an increase in the throughput, accessing targeted grades remained a challenge throughout the year due to the regulatory limitations to access some of the high-grade ore bodies. Metal production declined as the higher throughput partially compensated for lower grades. Year over year copper equivalent production decreased 21% in 2021 compared to the prior year. 2021 annual production of silver, copper, lead, zinc and gold declined by 5%, 25%, 8%, 3% and 5% respectively compared to 2020 annual production.

A summary of production from the Yauricocha Mine for Q4 2021 has been provided below:

Yauricocha Production Three Months Ended December 31, Twelve Months Ended December 31,

2021

2020

% Var.

2021

2020

% Var.
 
Tonnes processed

277,531

311,946

-11%

1,256,847

1,117,860

12%
Daily throughput

3,172

3,565

-11%

3,591

3,194

12%
 
 
Silver grade (g/t)

51.34

53.74

-4%

55.01

61.55

-11%
Copper grade

0.82%

0.95%

-14%

0.74%

1.08%

-31%
Lead grade

1.03%

1.15%

-10%

1.18%

1.45%

-19%
Zinc grade

2.82%

3.59%

-21%

3.23%

3.77%

-14%
Gold Grade (g/t)

0.53

0.57

-7%

0.48

0.61

-21%
 
Silver recovery

72.26%

79.80%

-9%

77.21%

81.53%

-5%
Copper recovery

76.44%

72.69%

5%

72.92%

74.20%

-2%
Lead recovery

86.55%

88.82%

-3%

88.76%

88.63%

0%
Zinc recovery

86.53%

87.62%

-1%

88.59%

88.13%

1%
Gold Recovery

20.24%

19.34%

5%

21.03%

19.72%

7%
 
 
Silver production (000 oz)

331

430

-23%

1,716

1,803

-5%
Copper production (000 lb)

3,836

4,759

-19%

14,856

19,726

-25%
Lead production (000 lb)

5,430

7,040

-23%

29,113

31,605

-8%
Zinc production (000 lb)

14,913

21,612

-31%

79,281

81,868

-3%
Gold Production (oz)

957

1,112

-14%

4,059

4,292

-5%
 
 
Copper equivalent pounds (000’s)(1)

12,567

18,373

-32%

59,470

75,079

-21%
 
(1) Copper equivalent pounds for Q4 2021 were calculated using the following realized prices: $23.41/oz Ag, $4.40/lb Cu, $1.55/lb Zn, $1.06/lb Pb, $1,795/oz Au. Copper equivalent pounds for Q4 2020 were calculated using the following realized prices: $24.30/oz Ag, $3.32/lb Cu, $1.22/lb Zn, $0.89/lb Pb, $1,859/oz Au. Copper equivalent pounds for full year 2021 were calculated using the following realized prices: $25.21/oz Ag, $4.23/lb Cu, $1.37/lb Zn, $1.00/lb Pb, $1,796/oz Au. Copper equivalent pounds for full year 2020 were calculated using the following realized prices: $20.59/oz Ag, $2.80/lb Cu, $1.03/lb Zn, $0.83/lb Pb, $1,771/oz Au.

Bolivar Mine, Mexico

During the year 2021, the impacts of COVID-19 have been more noticeable at the Bolivar mine. A reduced workforce resulted in delays in infill drilling, mine development and services. The mine also faced high turnover in middle management and senior management personnel during the year, which impacted production performance.

The Bolivar mine processed 227,722 tonnes of ore in Q4 2021, a 41% decrease as compared to the Q4 2020 throughput. Grades were also negatively impacted by the lack of development and limited infill drilling information, which necessitated the launch of an upgraded new infill drilling and mine development program in Q4 2021. Copper equivalent production declined 65% as compared to Q4 2020.

Annual throughput at Bolivar was 1,349,602 tonnes, or a 9% decrease from the 2020 annual throughput, due to the afore-mentioned reasons. Copper equivalent production for the full year 2021 declined 38% as compared to full year 2020.

A summary of production for the Bolivar Mine for Q4 2021 has been provided below:

Bolivar Production Three Months Ended December 31, Twelve Months Ended December 31,

2021

2020

% Var.

2021

2020

% Var.
 
Tonnes processed (t)

227,722

383,607

-41%

1,349,602

1,480,588

-9%
Daily throughput

2,603

4,384

-41%

3,856

4,230

-9%
 
 
Copper grade

0.55%

0.79%

-30%

0.72%

0.87%

-17%
Silver grade (g/t)

9.52

14.50

-34%

15.49

19.61

-21%
Gold grade (g/t)

0.11

0.25

-56%

0.16

0.29

-45%
 
Copper recovery

80.79%

88.21%

-8%

79.28%

86.76%

-9%
Silver recovery

82.34%

83.44%

-1%

81.95%

82.73%

-1%
Gold recovery

78.32%

64.41%

22%

68.88%

64.07%

8%
 
 
Copper production (000 lb)

2,235

5,867

-62%

16,901

24,536

-31%
Silver production (000 oz)

57

149

-62%

551

772

-29%
Gold production (oz)

634

2,017

-69%

4,751

8,860

-46%
 
 
Copper equivalent pounds (000’s)(1)

2,800

8,091

-65%

22,207

35,804

-38%
 
(1) Copper equivalent pounds for Q4 2021 were calculated using the following realized prices: $23.41/oz Ag, $4.40/lb Cu, $1.55/lb Zn, $1.06/lb Pb, $1,795/oz Au. Copper equivalent pounds for Q4 2020 were calculated using the following realized prices: $24.30/oz Ag, $3.32/lb Cu, $1.22/lb Zn, $0.89/lb Pb, $1,859/oz Au. Copper equivalent pounds for full year 2021 were calculated using the following realized prices: $25.21/oz Ag, $4.23/lb Cu, $1.37/lb Zn, $1.00/lb Pb, $1,796/oz Au. Copper equivalent pounds for full year 2020 were calculated using the following realized prices: $20.59/oz Ag, $2.80/lb Cu, $1.03/lb Zn, $0.83/lb Pb, $1,771/oz Au.

Cusi Mine, Mexico

Q4 2021 throughput at the Cusi mine was 84,804 tonnes or 3% higher than the Q4 2020 throughput. Grades for Q4 2021 were higher for all metals, as the mine continued to operate in the high-grade Northeast Southwest vein system.

Annual production at the Cusi Mine was 295,771 tonnes in 2021, which was 28% higher than 2020, as the mine operated for the full twelve months in 2021 as compared to 2020, when Cusi lost more than a quarter’s production due to the COVID-driven care and maintenance. Higher throughput and grades resulted in silver equivalent production which was 21% higher for Q4 2021 and 38% higher for the full year 2021, as compared to the corresponding periods of the prior year.

A summary of production for the Cusi Mine for Q4 2021 has been provided below:

Cusi Production Three Months Ended December 31, Twelve Months Ended December 31,

2021

2020

% Var.

2021

2020

% Var.
 
Tonnes processed (t)

84,804

82,683

3%

295,771

230,429

28%
Daily throughput(2)

969

945

3%

845

658

28%
 
 
Silver grade (g/t)

179.07

160.62

11%

159.74

149.62

7%
Gold grade (g/t)

0.21

0.19

11%

0.18

0.18

0%
Lead grade

0.39%

0.28%

39%

0.32%

0.29%

10%
 
Silver recovery (flotation)

85.52%

80.37%

6%

82.98%

80.32%

3%
Gold recovery (lixiviation)

47.29%

46.73%

1%

45.05%

45.75%

-2%
Lead recovery

80.69%

82.79%

-3%

81.78%

82.40%

-1%
 
 
Silver production (000 oz)

417

343

22%

1,260

890

42%
Gold production (oz)

272

234

16%

762

619

23%
Lead production (000 lb)

581

590

-2%

1,703

1,367

25%
 
 
Silver equivalent ounces (000’s)(1)

465

383

21%

1,382

998

38%
 
(1) Silver equivalent ounces for Q4 2021 were calculated using the following realized prices: $23.41/oz Ag, $4.40/lb Cu, $1.55/lb Zn, $1.06/lb Pb, $1,795/oz Au. Silver equivalent ounces for Q4 2020 were calculated using the following realized prices: $24.30/oz Ag, $3.32/lb Cu, $1.22/lb Zn, $0.89/lb Pb, $1,859/oz Au. Silver equivalent ounces for full year 2021 were calculated using the following realized prices: $25.21/oz Ag, $4.23/lb Cu, $1.37/lb Zn, $1.00/lb Pb, $1,796/oz Au. Silver equivalent ounces for full year 2020 were calculated using the following realized prices: $20.59/oz Ag, $2.80/lb Cu, $1.03/lb Zn, $0.83/lb Pb, $1,771/oz Au.

Quality Control

All technical data contained in this news release has been reviewed and approved by:

Americo Zuzunaga, FAusIMM CP (Mining Engineer) and Vice President of Corporate Planning is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

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.

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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 30, 2020 for its fiscal year ended December 31, 2019 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.
+1 (416) 366-7777
info@sierrametals.com

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

Source: Sierra Metals Inc.