IRR

Simandou iron ore project update

Retrieved on: 
Tuesday, December 5, 2023

Rio Tinto will provide an update today at its Investor Seminar on the world class Simandou iron ore project in Guinea, which is being progressed in partnership with CIOH, a Chinalco-led consortium, Winning Consortium Simandou1 (WCS), Baowu and the Republic of Guinea.

Key Points: 
  • Rio Tinto will provide an update today at its Investor Seminar on the world class Simandou iron ore project in Guinea, which is being progressed in partnership with CIOH, a Chinalco-led consortium, Winning Consortium Simandou1 (WCS), Baowu and the Republic of Guinea.
  • Simandou is the world’s largest untapped high-grade iron ore deposit.
  • 3 Refer to “Simandou Mineral Resources and Ore Reserves” section at page 4 below.
  • Based on Wood Mackenzie and CRU average pricing for iron ore (65% grade), with a premium applied for DR product.

Nighthawk and Moneta Announce At-Market Merger to Create a Leading Canadian Gold Development Company

Retrieved on: 
Tuesday, November 28, 2023

Keyvan Salehi, President, CEO and Director of Nighthawk, and Josef Vejvoda, Interim CEO & Chairman of Moneta, jointly commented: “We believe that the Transaction presents an exciting opportunity to create a leading gold development company by bringing together two cornerstone assets in Canada.

Key Points: 
  • Keyvan Salehi, President, CEO and Director of Nighthawk, and Josef Vejvoda, Interim CEO & Chairman of Moneta, jointly commented: “We believe that the Transaction presents an exciting opportunity to create a leading gold development company by bringing together two cornerstone assets in Canada.
  • MergeCo will be underpinned by a considerable mineral resource of 7.8 million gold ounces in the Indicated category and 10.0 million gold ounces in the Inferred category1.
  • Potential to utilize excess mill capacity in proximity to the Tower Gold Project and accelerate towards near-term cash flow.
  • Synergies – Potential to unlock both G&A and operational efficiencies with seasonal workflow sequencing, staggered and phased development of the Projects.

Evolution Credit Partners Announces Growth of Trade Finance Strategy

Retrieved on: 
Thursday, December 7, 2023

BOSTON and NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Evolution Credit Partners Management ("Evolution" or the "Firm), an alternative credit firm with approximately $3 billion in assets under management, announced today the close of two new trade finance facilities to add to its growing trade finance portfolio of ~$1.5 billion in total volume since inception.

Key Points: 
  • BOSTON and NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Evolution Credit Partners Management ("Evolution" or the "Firm), an alternative credit firm with approximately $3 billion in assets under management, announced today the close of two new trade finance facilities to add to its growing trade finance portfolio of ~$1.5 billion in total volume since inception.
  • The two recent transactions support Evolution's ongoing growth initiatives within the trade finance space.
  • Evolution is focused on the high yield space, providing companies and their owners solutions to support growth through additional liquidity, growth capital and improved vendor/supplier relationships.
  • In addition to Evolution's trade finance business, Evolution has an established leveraged finance business.

Group 11 strikes $20M deal with StepStone Group and Industry Ventures for second fund holdings

Retrieved on: 
Thursday, December 7, 2023

LOS ANGELES, Dec. 7, 2023 /PRNewswire/ -- Leading venture capital firm Group 11 has partnered with StepStone Group, a global private markets investment firm, and with Industry Ventures, a leading investment firm focused on private technology investments, through a $20M secondary transaction to acquire 12% of Group 11's second fund. The parties closed the deal directly, without the involvement of any placement agent or investment bank.

Key Points: 
  • The deal enabled investors in Group 11's second fund (2015 vintage) to realize their positions partially or entirely.
  • Through this deal, participating Group 11 investors received a ~3X net cash on cash return, representing a 20% net IRR on their investment.
  • This is the second deal we have executed with StepStone since 2022 and this is the first deal with Industry Ventures.
  • This deal with StepStone and Industry Ventures comes on the heels of significant growth in Group 11's assets under management.

A Deep Dive into the Inherent Scale Limitations of Venture Capital Performance with Increasing Fund Size

Retrieved on: 
Thursday, December 7, 2023

AUSTIN, Texas, Dec. 7, 2023 /PRNewswire/ -- Santé Ventures, (Santé), an early-stage healthcare and life sciences investment firm, shared updated research on venture capital fund performance and the level of correlation with fund size. While large funds offer presumed advantages of scale, brand recognition, and experience, data show that these benefits do not scale accordingly. This comes at a time when the total venture capital raised by sizeable individual funds has increased fourfold from 2012-2022 compared to 1990-2011 – providing a cautionary tale for limited partners in their alternative investment allocations.

Key Points: 
  • AUSTIN, Texas, Dec. 7, 2023 /PRNewswire/ -- Santé Ventures , (Santé), an early-stage healthcare and life sciences investment firm, shared updated research on venture capital fund performance and the level of correlation with fund size.
  • While large funds offer presumed advantages of scale, brand recognition, and experience, data show that these benefits do not scale accordingly.
  • Santé originally published a whitepaper detailing these findings in 2011, and updated the research this year to include the impact of macroeconomic market regimes on venture capital performance.
  • Additionally, Santé noted that a properly sized fund is roughly 50% more likely to return 2.5x or more to investors than a large fund.

North American Truck Hydrogen Infrastructure Market Report 2023-2035: Opportunities Emerging Ecosystem Expansion and Diversification, Fuel Cell Truck Demand, and Hydrogen Station Value Chain

Retrieved on: 
Wednesday, December 6, 2023

DUBLIN, Dec. 5, 2023 /PRNewswire/ -- The "Growth Opportunities in the North American Hydrogen Infrastructure Market for Trucks" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 5, 2023 /PRNewswire/ -- The "Growth Opportunities in the North American Hydrogen Infrastructure Market for Trucks" report has been added to ResearchAndMarkets.com's offering.
  • The report offers stakeholders insights into this rapidly growing market to enable them to explore and monetize emerging opportunities.
  • Immense growth opportunities exist in the hydrogen economy, addressing the needs of various industries and markets.
  • Different hydrogen production methods offer different opportunities, with greater emphasis and future advancement toward green hydrogen produced from renewable sources.

640W+23.7%! Huasun Unveils World's First 210R HJT Rectangular Cell Modules

Retrieved on: 
Monday, November 27, 2023

The Everest G12R Series modules are based on the HJT3.0 high-efficiency solar cell technology and feature 182mm*105mm rectangular cells.

Key Points: 
  • The Everest G12R Series modules are based on the HJT3.0 high-efficiency solar cell technology and feature 182mm*105mm rectangular cells.
  • Keeping the same width of 1134mm, Huasun developed three versions of G12R modules with different lengths catering to various application scenarios:
    G12R-96, "Earning Best Return for Residential": max.
  • The adoption of Everest G12R modules can lead to increased project installed capacity, higher energy yield per watt, and improved overall performance.
  • The G12R-132 modules for utility-scale projects provide a 3.2% increase in energy yield per watt and contribute to lower LCOE and higher IRR.

Canada Nickel Files Bankable Feasibility Study For its Crawford Nickel Sulphide Project

Retrieved on: 
Friday, November 24, 2023

TORONTO, Nov. 24, 2023 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQB: CNIKF), has filed a Bankable Feasibility Study ("BFS") for its wholly-owned Crawford Nickel Sulphide Project ("Crawford") located in Timmins, Ontario, Canada.

Key Points: 
  • TORONTO, Nov. 24, 2023 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQB: CNIKF), has filed a Bankable Feasibility Study ("BFS") for its wholly-owned Crawford Nickel Sulphide Project ("Crawford") located in Timmins, Ontario, Canada.
  • Crawford, located in the Timmins nickel district, is the world's second largest nickel reserve1.
  • Proven & Probable reserves of 3.8 million tonnes contained nickel from 1.7 billion tonnes ore grading 0.22% nickel make Crawford the world's 2nd largest nickel reserve[1].
  • With additional Inferred mineral resources of 3.7 million tonnes contained nickel, Crawford is the world's 2nd largest nickel resource1.

EY Announces Swapnil Agarwal of Nitya Capital as an Entrepreneur Of The Year® 2023 National Finalist

Retrieved on: 
Wednesday, November 15, 2023

HOUSTON, Nov. 15, 2023 /PRNewswire/ -- Ernst & Young LLP (EY US) announced Swapnil Agarwal, founder and CEO of Nitya Capital, as the national finalist for 2023 Entrepreneur Of The Year®.

Key Points: 
  • HOUSTON, Nov. 15, 2023 /PRNewswire/ -- Ernst & Young LLP (EY US) announced Swapnil Agarwal, founder and CEO of Nitya Capital, as the national finalist for 2023 Entrepreneur Of The Year®.
  • Now in its 37th year, it is celebrated as one of the most respected business award programs in the world.
  • Swapnil Agarwal was selected by a panel of independent judges made up of entrepreneurs and other notable business leaders from across the US.
  • "I'm deeply honored to be among the 49 National finalists for Entrepreneur Of The Year®.

Bluerock Announces Launch of Institutional Division, Taps Industry Veteran Doug Kinney to Spearhead Initiative

Retrieved on: 
Tuesday, November 14, 2023

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Bluerock, a leading alternative asset fund manager, announced today that it is expanding into institutional distribution and that it has appointed Doug Kinney to the role of Managing Director, Head of Institutional Capital to spearhead the initiative.

Key Points: 
  • NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Bluerock, a leading alternative asset fund manager, announced today that it is expanding into institutional distribution and that it has appointed Doug Kinney to the role of Managing Director, Head of Institutional Capital to spearhead the initiative.
  • Mr. Kinney will be responsible for directing the company's institutional channel, building on the firm's formidable investment capabilities and track record.
  • "The addition of Doug Kinney to the team positions us well to execute on this critical next phase of growth, said Ramin Kamfar, CEO and founder of Bluerock.
  • "Doug brings the energy, insight, and institutional industry experience to build this new business vertical, capitalizing on Bluerock's established record of investment success across multiple strategies and multiple cycles," Mr. Kamfar adds.