Source: Streetwise Reports 11/12/2024

NexGold Mining Corp. (NEXG.V:TSXV; NXGCF:OTCQX; TRC1.F:FRA) and Signal Gold Inc. have successfully closed their previously announced oversubscribed and upsized concurrent financing, generating a total of US$18.5 million. Initially disclosed in joint announcements from both companies on October 10 and October 23, 2024, this financing is part of a larger plan in which NexGold will acquire all shares of Signal Gold to combine both companies' gold projects to create a near-term gold developer.

The financing involved two components. The first was a flow-through (FT) unit private placement by NexGold, which raised CA$8.085 million through the sale of 10,106,250 FT units at CA$0.80 per unit. Each unit includes one flow-through common share and half of one purchase warrant, allowing the holder to buy an additional non-flow-through share at CA$1.05 for the next two years. In the second component, Signal Gold's private placement of subscription receipts yielded CA$10.45 million by issuing 120,075,840 receipts at CA$0.08705 each. These receipts will convert into Signal units once specific escrow release conditions are met, including completion of the acquisition. Each unit consists of one common share and half a purchase warrant, allowing the holder to acquire additional shares for CA$0.11818 over two years.

The net funds from this financing will be used to retire debt, fund the exploration and development of both companies' gold projects - including NexGold's Goliath gold complex in Ontario and Signal's Goldboro project in Nova Scotia - and for general corporate purposes. The gross proceeds from FT units will go toward qualified exploration expenses for NexGold's projects, with renunciation planned by December 31, 2024, as per Canadian tax requirements.

Investor interest included an acquisition by a Sprott Asset Management sub-advised fund, which purchased 2.5 million FT units for CA$2 million, bringing Sprott's holdings to 11.43% of NexGold's issued shares (14.95% on a partially diluted basis). NexGold also extended an investor awareness agreement with i2i Marketing Group, providing up to six months of marketing services for CA$250,000 to increase investor visibility.

Gold Rush

Gold's surge to the US$2,800 mark due to a "perfect storm" of factors, according to an October 29 report from Kitco. Gary Wagner explained that this historic rise, approximately 35% this year, was driven by geopolitical tensions, anticipated Federal Reserve rate cuts, consistent central bank demand, and U.S. political uncertainty in the run-up to the presidential election.

Chen Lin offered a positive outlook on NexGold, noting heightened investor interest following recent updates, including expanded financing and merger plans.

Wagner noted that "geopolitical, political conflicts" and "uncertainties about the outcome of the upcoming presidential election" were critical components, with emerging market central banks increasing their gold reserves to reduce reliance on the U.S. dollar.

On October 30, LiveMint highlighted gold's global appeal. The article mentioned how central banks continue to expand their gold reserves, with net buying reaching 337 tonnes in Q3 2023.

This marks a near-record level, according to the World Gold Council. Escalating geopolitical tensions, especially in the Middle East, have also led investors to seek gold as a safe haven, pushing prices upward. In addition, strong economic data in the U.S., such as job growth and consumer spending, has affected expectations around Federal Reserve policies. These, in turn, have indirectly influenced gold.

By November 4, Egon von Greyerz, in his analysis of the global financial system, emphasized gold as a reliable store of value. He argued that "gold has always stood as a protector" during economic downturns, describing the asset as "the best-performing asset class in this century." Von Greyerz asserted that gold's continued strength could be attributed to its resistance to the "destruction of fiat money," making it an essential wealth-preserving asset in an increasingly unstable financial environment.

The Catalysts Pushing NexGold Forward

NexGold's acquisition of Signal Gold is expected to accelerate its growth as a mid-tier gold producer. According to NexGold's September 2024 investor presentation, this financing supports the ongoing development of the Goliath Gold Complex in Northern Ontario, which holds a combined measured and indicated gold resource of over 2.1 million ounces. Additionally, Signal's Goldboro project in Nova Scotia adds strategic value with historical production potential and significant exploration upside.

The Goliath project benefits from robust infrastructure, an approved environmental assessment, and a promising pre-feasibility study indicating a post-tax NPV of CA$336 million at US$1,750/oz gold. With this acquisition, the combined entity is expected to leverage its enhanced capital position to pursue further exploration and optimization, aiming for near-term production and establishing a solid platform for growth and consolidation in the Canadian gold sector.

What Are Experts Saying?

Ron Stewart, a mining analyst at Red Cloud Securities, maintained a Speculative Buy rating on NexGold with a target currently Under Review in his September analysis. Stewart stated that the merger with Signal Gold offered NexGold an accretive pathway to growth by adding the Goldboro project's resources to its portfolio. He noted that the combined assets of NexGold and Signal would form a "multi-asset company with over 6 million ounces in gold resources," which he described as synergistic and favorable for shareholders. Stewart anticipated the merger would close in Q4 2024, with upcoming catalysts including the Goliath Feasibility Study in Q1 2025 and a potential construction decision for Goliath in H2 2025. [OWNERSHIP_CHART-1961]

Important Disclosures:

1. NexGold Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of NexGold Mining Inc.
3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

( Companies Mentioned: NEXG.V:TSXV; NXGCF:OTCQX; TRC1.F:FRA, )

TASHKENT, 15 October 2015 – An OSCE-supported roundtable discussion introducing representatives of local law enforcement bodies to the methodology of a national assessment of money-laundering and terrorism-financing risks in Uzbekistan was held today in Tashkent.

International experts invited by the OSCE Project Co-ordinator in Uzbekistan presented the results of their work on devising a comprehensive and tailored methodology for conducting a national risk assessment in the country.

“The OSCE continues to support international efforts that have made national risk assessment the standard in the fight against money laundering and the financing of terrorism,” said the OSCE Project Co-ordinator in Uzbekistan Gyorgy Szabo. “We see this as an essential step on the road to eliminating money laundering and terrorism financing in Uzbekistan.”

The discussion is part of a wider process of consultations with representatives of Uzbek law-enforcement agencies and the private sector to implement a national risk assessment on money laundering and the financing of terrorism.

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ISSYK-KUL, Kyrgyzstan, 8 July 2016 – A five-day training course supported by the OSCE Centre in Bishkek on a risk-oriented approach in supervising activities related to anti-money laundering and combating the financing of terrorism concluded today in Bosteri village, in the Issyk-Kul region.

The aim of the workshop, which was organized by the State Financial Intelligence Service under the Government of the Kyrgyz Republic (SFIS) in partnership with the International Monetary Fund (IMF), was to update the relevant State agencies and financial institutions on the practical aspects of a risks-oriented approach in their work. Some 46 officials from law enforcement agencies, supervisory agencies and financial institutions took part.

“A risks-oriented approach is the process which allows the countries to identify, assess and understand risks to effectively combat money laundering and financing of terrorism,” said Nana Baramidze, Senior Economic and Environmental Officer at the OSCE Centre. “The OSCE Centre in Bishkek fully supports the efforts of the Kyrgyz Government in its attempt to establish effective systems to counter money laundering and the financing of terrorism.”

Chyngyz Kenenbayev, Head of the Organizational and Legal department of the SFIS, said: “We are holding this educational seminar to train representatives of national authorities and the private sector so that we can successfully pass the second round of the evaluation by the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG). In order to fulfil international obligations under the EAG, the Kyrgyz Republic is to conduct a mutual assessment of its anti-money laundering and combating the financing of terrorism system. From 28 November to 9 December 2016, a visiting mission of EAG evaluators will conduct this assessment within the Financial Action Task Force (FATF) initiative."

The training course, which was conducted by two IMF experts and three SFIS officials, was part of the OSCE assistance to the Kyrgyz Government in preparing for the second round of the FATF evaluation.

COP29 negotiators welcomed a pledge by major development banks to lift funding to poor and middle-income countries struggling with global warming as an early boost to the two-week summit.

BAKU, Azerbaijan — COP29 negotiators welcomed as an early boost to the two-week summit a pledge by major development banks to lift funding to poor and middle-income countries struggling with global warming. A group of lenders, including the World Bank, announced a joint goal on Tuesday of increasing this finance to $120 billion by 2030, a roughly 60% increase on the amount in 2023. "I think it's a very good sign," Irish Climate Minister Eamon Ryan told Reuters on Wednesday. "It's very helpful. But that on its own won't be enough," Ryan said, adding countries and companies must also contribute. The chief aim of the conference in Azerbaijan is to secure a wide-ranging international climate financing agreement that ensures up to trillions of dollars for climate projects. Developing countries are hoping for big commitments from rich, industrialized countries that are the biggest historical contributors to global warming, and some of which are also huge producers of fossil fuels. "Developed countries have not only neglected their historical duty to reduce emissions, they are doubling down on fossil-fuel-driven growth," said climate activist Harjeet Singh. Wealthy countries pledged in 2009 to contribute $100 billion a year to help developing nations transition to clean energy and adapt to the conditions of a warming world. But those payments were only fully met in 2022 and the pledge expires this year. With 2024 on track to be the hottest year on record, scientists say global warming and its impacts are unfolding faster than expected. Climate-fueled wildfires forced evacuations in California and triggered air quality warnings in New York. In Spain, survivors are coming to terms with the worst floods in the country's modern history. Albania's Prime Minister Edi Rama said he was concerned that the international process to address global warming, now decades old, was not moving swiftly enough. "This seems exactly like what happens in the real world everyday," he told the conference. "Life goes on with its old habits, and our speeches, filled with good words about fighting climate change, change nothing," Rama added.

In a prior blog entry, I listed some of my favorite CEO and VC posts. Tim Oren has a follow-up post that builds on one of his prior posts that I cited. Tim's new post addresses "Two Stage Ventures". This post is interesting because it looks at the entrepreneurial financing path from the other direction, and it breaks the mold of what I would call "traditional" (and perhaps passe) venture financing. I also find this post interesting because it is something that I have sensed emerging over the past few years (e.g., by articles or blog entries connected to Accel Partners, Matrix, Dawntreader Ventures), but it is the first time I have seen something explicitly written down without talking around the subject.

Mohammed Yusef, the founder of Invicta Capital in Great Britain, is using a government tax-incentive program to fund the movie version of the anti-Christian "Da Vinci Code" novel for Sony Pictures. According to the Times of London, the London-based Invicta is taking advantage of British tax rules to provide Sony with 100 million pounds of the 114 million pounds that the movie reportedly cost. The capital allows Sony to dramatically reduce its cost of borrowing money to produce and market the movie.

RTO National, North America's largest provider of consumer lease purchase and installment contracts to the backyard products industry, is pleased to announce that it was recently named the exclusive provider of financing for Tuff Shed.

Imagine this:  You have found the perfect business idea, one that seems to add up from every angle and could not be better for you and your future plans.  The only problem is that you do not have the capital to open the doors.  Well, unfortunately this is a rather significant problem for a small business startup ... particularly in todays lending environment.

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Invoice financing is a type of business funding wherein the business sells its outstanding invoices or account receivables (A/R) to financing companies to get an immediate cash flow boost. The financing company takes over the invoices, and sometimes be in charge of collecting customer payments (as in invoice factoring).

Invoice financing is a popular financing option for businesses that have to wait 30,60, or 90 days to get their clients payments.

The people from manga tech start up Orange, Inc have sent us details about their latest fundraising. They've managed to get JPY 2.92 billion...

Offers current, step-by-step, independent home loan mortgage rate advice and tips on purschasing, refinancing, choosing a mortgage broker or lender - countrywide!

Source: Streetwise Reports 10/21/2024

Aftermath Silver Ltd.'s (AAG:TSX.V; AAGFF:OTCQX; FLM1:FRA) largest shareholder, Eric Sprott, through his corporation 2176423 Ontario Ltd., will increase his equity position in the Canadian silver explorer by participating in an exclusive non-brokered private placement, according to a news release. Sprott will subscribe for the entire amount, up to 22,222,222 units, to be sold at CA$0.45 apiece for total gross proceeds of up to CA$10 million (CA$10M).

*"His backing provides strong validation for the company's strategy and enhances its credibility among both institutional and retail investors," wrote John Newell of Newell & Associates in a Sept. 9 note. "Sprott's involvement is a significant endorsement, indicating confidence in the company's ability to deliver value."

Prior to this financing, Sprott owned 21.22% of Aftermath, according to Reuters. With this transaction, he will become a "control person" of the silver junior, defined by the TSX Venture Exchange as someone holding enough securities of a corporation to materially affect control of it. Consequently, Aftermath's shareholders will vote on whether to approve Sprott as a control person, noted the news release.

Each unit in the Sprott financing will consist of one common share in the capital of Aftermath and one-half of a transferable purchase warrant. With each warrant, the shareholder may acquire one additional Aftermath common share at CA$0.70 apiece, for a period of 36 months from the date the warrant was issued.

In other news, Aftermath generated CA$1,795,453 in cash from 6,535,487 of its outstanding common share purchase warrants being exercised since June 1, 2024, it announced in a separate release.

The company plans to use the net proceeds of both the Sprott financing and the exercised warrants on exploration work to include geological, metallurgical, and engineering studies and a drill program at the Berenguela project and for general working capital purposes. Berenguela is a silver-copper-manganese project in southern Peru, into which Aftermath has the option to earn 100% over six years, per an agreement with the owner SSR Mining Inc. (SSRM:NASDAQ). The agreement went into effect about four years ago, on Sept. 30, 2020.

High Silver Recoveries

Aftermath also just announced on Oct. 16 that recent metallurgical studies on two composite samples of mineralization from the Berenguela project yielded high silver recoveries: 96% from one, 89% from the other.

Testing also showed that manganese and the other metals did not interfere with the standard leach process, according to the release. Further, the requirement for cyanide in the process was demonstrated to be less than 1 kilogram per silver ounce, indicating it is not a significant cost or technical problem.

Kappes, Cassiday & Associates in Nevada will complete the in-progress metallurgical work and flow sheet details using the other 14 composite samples from Berenguela that Aftermath provided.

"The next stage of our metallurgical test work is advancing and includes preliminary process and sizing studies for plant design purposes," Aftermath Executive Chairman Michael Williams said in the release.

Strong Projects, People, and Plan

Based in Vancouver, British Columbia, Aftermath Silver is an exploration company working to create shareholder value through the discovery, acquisition, and development of quality silver projects in favorable mining jurisdictions. It currently has three assets in Latin America with growth and development potential.

"These projects are not only located in mineral-rich regions but also have significant potential to rapidly define resources and deliver strong economic returns," Newell wrote.

Berenguela, 6 kilometers (6 km) northeast of the town of Santa Lucia and spanning 6,594 hectares (6,594 ha), is Aftermath's earn-in and flagship project. It has a Measured and Indicated resource estimate, published by Aftermath in March 2023, of 101,200,000 ounces (101.2 Moz) of 78 grams per ton silver, 2,450,000 tons (2.45 Mt) of 6.1% manganese, 589,000,000 pounds (589 Mlb) of 0.67% copper and 299.3 Mlb of 0.34% zinc.

"His backing provides strong validation for the company's strategy and enhances its credibility among both institutional and retail investors," wrote John Newell of Newell & Associates in a Sept. 9 note. "Sprott's involvement is a significant endorsement, indicating confidence in the company's ability to deliver value."

The company now is advancing Berenguela toward a preliminary economic assessment (PEA), demonstrating it can potentially produce silver doré, copper metal and as a co-product, commercial, battery-grade high-purity manganese sulphate monohydrate (HPMSM). Recent metallurgical test work yielded 99.9% pure HPMSM, or MnSO4, a result that exceeds common industry specifications for batteries, the company said.

"We have demonstrated that we can potentially produce a battery-grade manganese sulfate product, and the recoveries of the silver and manganese to date are high," noted Williams in one of the latest news releases.

Aftermath owns 100% of Challacollo and Cachinal, two low-sulfidation epithermal silver-gold projects, each with an existing resource and derisked by past work. Challacollo spans about 19,000 ha in Chile's Region 1, or Grande Norte. Cachinal is a 4,867-ha property in northern Chile's Paleocene Precious Metal Belt, about 16 km north of Austral Gold Limited's (AGD:ASX) Guanaco gold-silver mine.

With its projects, Aftermath is pursuing a clear strategy, Newell pointed out, which is advancing them via exploration and development efforts toward a PEA and a feasibility study with the goal of building a robust silver mine.

"This focused approach provides investors with a clear roadmap to potential returns while mitigating the risks often associated with early-stage mining ventures," added Newell.

He also mentioned Aftermath's leadership team and noted the members' breadth of cumulative experience and knowledge in the mining industry, in exploration, project development, and capital raising, and their past successes.

Silver is "Wildly Undervalued"

Silver: Now is the time to invest in the silver market, experts say, because it's is undervalued and about to soar.

All of the data are pointing to the same conclusion, that silver is about to have "an upward revision," according to Investing Haven in an Oct. 16 article. The 50-year silver price chart is looking "insanely bullish" and the 20-year silver price chart is looking "very bullish." The silver adjusted for Consumer Price Index metric indicates that silver is "wildly undervalued," and the increasing imbalance in supply and demand of the metal supports this.

In addition, silver's hidden indicator, the silver miners to silver junior miners ratio, is breaking out after some years of consolidation, Investing Haven noted. This is indicating that risk is on and is confirming "strong bullish momentum is about to hit the silver market."

Silver juniors offer the greatest leverage to increasing commodity prices and the highest potential return, more so than silver senior/major and midtier miners, Ahead of the Herd's Richard Mills pointed out in a recent newsletter issue. Investing in a junior with an excellent project in a safe jurisdiction and led by a management team that can raise money "can reap huge rewards," he wrote. "Five, 10, even 20 times your money isn't uncommon."

The Silver Investor's Peter Krauth, in a recent presentation, discussed the ongoing silver supply deficit, Money Metals reported. By the end of this year, Krauth said, the undersupply will reach 759 Moz, an amount equivalent to about three-fourths of one year's supply. Silver demand for use in photovoltaic panels alone in 2024 will be about 232 Moz, nearly three times the 80 Moz needed in 2020, according to The Silver Institute. Growth of the artificial intelligence industry will boost demand for silver for use in energy storage, biotech, nanotechnology, transportation, and more.

Delegates from around the world who attended the London Bullion Market Association's annual meeting earlier this month predicted that by late October 2025, silver will have climbed 40% higher and reached US$45 per ounce (US$45/oz), reported Saxo's Head of Commodity Strategy Ole Hansen.

Based on the technical and historical indicators, Krauth thinks the silver price could actually reach triple-triple digits or US$300/oz, he said in an Oct. 8 video. "I don't believe it will stay there, but I do think that it could be in our future."

High-purity manganese: This commodity consists of highly refined, finished products, including high-purity manganese sulfate monohydrate (HPMSM), a focus of Aftermath at Berenguela, and high-purity electrolytic manganese metal (HPEMM), according to a Euro Manganese article.

These raw materials are essential to most lithium-ion batteries for electric vehicles and other energy storage applications. They increasingly are being used as a primary ingredient in the batteries, largely because the result is a product with better energy density. As such, high-purity manganese is now being added to lithium-iron-phosphate battery chemistry, in amounts as high as 60%, and being added to nickel-cobalt lithium ion batteries. Thus, demand for high-purity manganese is on the rise.

"Most emerging cathodes have a much higher manganese content than the average cathode today, which is good news for manganese miners," Ben Campbell, manager of battery research at E Source, told S&P Global Commodity Insights.

Manganese-containing battery chemistries are expected to dominate the battery market for the next two decades, noted Euro Manganese. Citing data from CPM Group, the article indicated that demand for high-purity manganese is forecasted to grow more than 1,000% between 2021 and 2031, to 1.1 Mt from 90,000 tons (90 Kt). To 2050, demand will continue to rise, another 309% to 4.5 Mt.

The future supply of HPMSM and HPEMM looks problematic. This is because most of the battery-grade manganese supply comes from China, 97% of it last year as an example. With the U.S. Inflation Reduction Act and the European Union's Critical Raw Materials Act incentivizing their region's carmakers to reduce their reliance on China, they will need to establish new supply chains, domestic or in allied countries. However, existing high-purity manganese production and project expansions will not meet the growing demand. Additional sources of supply will need to come online.

"Industry participants are expecting a deficit in battery-grade manganese by the end of the decade," S&P Global wrote.

CPM Group also forecasts an undersupply, noted Euro Manganese, of about 475 Kt of manganese equivalent by 2031. Looking another six years out, the deficit will increase to an estimated 1 Mt if demand keeps growing as anticipated and no additional mining projects materialize.

The Catalysts

Near-term catalysts for Aftermath pertain to its progress in advancing the Berenguela project, according to the company's Investor Presentation. Metallurgical testing and process design for an operation are continuing. Additional results of both are anticipated in the near term.

Also, Aftermath has started preliminary engineering work for an upcoming preliminary economic assessment it expects to complete next year.

Buy-Rated Stock, Good Entry Point

*Aftermath Silver warrants serious consideration by investors wanting to take advantage of the burgeoning worldwide demand for silver and other critical metals, Newell wrote. The company is a compelling investment opportunity because of its focus on silver-rich regions, its high-quality projects, its clear growth strategy, savvy leadership, and solid shareholder support.

Further, Aftermath's stock is at a favorable entry point, having corrected from its former high in 2021 and subsequently stabilized and formed a solid base.

The silver explorer, therefore, is a Buy, Newell wrote. [OWNERSHIP_CHART-6840]

Ownership and Share Structure

According to Refinitiv, five strategic entities own 22.45%, or 52.62 million (52.62M) shares, of Aftermath Silver. Ahead of the announced private placement mentioned above, Eric Sprott's company, 2176423 Ontario Ltd., owns 21.22% or 49.75M shares.

Four Aftermath insiders are the other strategic investors. They are Executive Chairman and Director Michael Williams who owns 0.85% or 2M shares, President, CEO and Director Ralph Rushton who holds 0.2% or 0.46M shares, Director David Terry who has 0.13% or 0.31M shares and Director Keenan Hohol who owns 0.04% or 0.11M shares.

As for institutional ownership, seven entities together own 2.33% or 5.47M shares. The Top 3 are FPS Vermoegensverwaltung GmbH with 0.79% or 1.85M shares, AIPM Azur International Portfolio Management AG with 0.55% or 1.33M shares and Sprott Asset Management LP with 0.45% or 1.06M shares.

The remaining 75.22% of Aftermath is in retail.

The company has 255.07M outstanding shares and 181.77M free float traded shares.

Its market cap is CA$101.03M, and its 52-week range is CA$0.165−$0.56 per share.

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Important Disclosures:

1. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
2. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

* Disclosure for the quote from the John Newell article published on September 5, 2024

1. For the quoted article (published on September 5, 2024), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$1,575.
2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

( Companies Mentioned: AAG:TSX.V;AAGFF:OTCQX;FLM1:FRA, )

This Canadian explorer plans to spend the capital on advancing the silver-copper-manganese project in Peru of which it is working toward 100% ownership. Find out why one expert rates the company Buy.

The opioid epidemic in the U.S. is driving a simultaneous epidemic of infectious diseases — including HIV, hepatitis C virus (HCV) and bacterial infections, and sexually transmitted infections — but workforce shortages, stigma, and financial and policy barriers are preventing the integration of opioid use disorder (OUD) and infectious disease services, says a new report from the National Academies of Sciences, Engineering, and Medicine.

BuyFin Payment Processing, which is offered in conjunction with third-party partners, helps business owners get paid faster from customers with competitive processing rates and a best-in-class technology platform, the company states.

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The post 4 Mortgage Refinancing Errors Your Longtime Clients Must Avoid appeared first on RISMedia.

A new, national program from Carrier and Orca Energy, a leading geothermal utility provider, is designed to makes geothermal heating and cooling more accessible in new construction homes. Orca Energy will provide financing for geothermal earth loops in new residential developments with the purchase of a Carrier geothermal system.

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ISSYK-KUL, Kyrgyzstan, 8 July 2016 – A five-day training course supported by the OSCE Centre in Bishkek on a risk-oriented approach in supervising activities related to anti-money laundering and combating the financing of terrorism concluded today in Bosteri village, in the Issyk-Kul region.

The aim of the workshop, which was organized by the State Financial Intelligence Service under the Government of the Kyrgyz Republic (SFIS) in partnership with the International Monetary Fund (IMF), was to update the relevant State agencies and financial institutions on the practical aspects of a risks-oriented approach in their work. Some 46 officials from law enforcement agencies, supervisory agencies and financial institutions took part.

“A risks-oriented approach is the process which allows the countries to identify, assess and understand risks to effectively combat money laundering and financing of terrorism,” said Nana Baramidze, Senior Economic and Environmental Officer at the OSCE Centre. “The OSCE Centre in Bishkek fully supports the efforts of the Kyrgyz Government in its attempt to establish effective systems to counter money laundering and the financing of terrorism.”

Chyngyz Kenenbayev, Head of the Organizational and Legal department of the SFIS, said: “We are holding this educational seminar to train representatives of national authorities and the private sector so that we can successfully pass the second round of the evaluation by the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG). In order to fulfil international obligations under the EAG, the Kyrgyz Republic is to conduct a mutual assessment of its anti-money laundering and combating the financing of terrorism system. From 28 November to 9 December 2016, a visiting mission of EAG evaluators will conduct this assessment within the Financial Action Task Force (FATF) initiative."

The training course, which was conducted by two IMF experts and three SFIS officials, was part of the OSCE assistance to the Kyrgyz Government in preparing for the second round of the FATF evaluation.

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The OSCE Programme Office in Astana will support a training seminar on preventing money laundering and combating the financing of terrorism (AML/CFT) for some 40 designated non-financial business and professions, namely notaries and advocates. The expert from the Russian Federation will present their country’s best practices on the efficient implementation of the AML/CFT national legislation and familiarize the audience with the AML/CFT international legal standards and requirements. The event also aims to enhance the co-operation between the non-financial sector actors and the AML/CFT national authorities.

The event is part of the Office’s long-standing efforts to promote good governance and AML/CFT framework in the host country.

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• OSCE Programme Office concludes series of training seminars on National Preventive Mechanism Implementation in Kazakhstan
• OSCE concludes series of training seminars on implementing the National Preventive Mechanism in Kazakhstan

PRISHTINË/PRIŠTINA, 14 March 2016 - The OSCE Mission in Kosovo held today the first of a series of four roundtables to be held this month on the ways to secure financing for the public service broadcaster, Radio Television Kosovo (RTK).

Through these roundtables, the Mission will consult a wide range of experts - journalists, Members of Parliament, academia, representatives of NGOs and media institutions - on the impact of the lack of financing on the public service broadcaster and its editorial policy, as well as on its further development.

The RTK has been without sustainable financing since 2009 when a court suspended the funding of RTK  through household electricity bills, citing human rights and discrimination concerns.

“We are in 2016 and alternative and viable funding options for the financing of RTK are still being considered, pending a final decision. On-going issues pertaining to the financing mechanisms and to the Law on RTK have to urgently be solved,” said Ambassador Jean-Claude Schlumberger, Head of the OSCE Mission in Kosovo.

“Without sustainable financing, the public broadcaster cannot develop into a full-fledged service provider for its audience. In addition, the already-existing delays with the digitalization process are exacerbated by this lack of funding,” he added.  

The roundtables will be followed-up with a regional conference in April, with experts from the Western Balkans and the European Broadcasting Union (EBU), to come up with recommendations, for relevant institutions to consider while amending and implementing the Law on RTK.

The OSCE Mission in Kosovo is mandated with the protection and promotion of human rights, democratization, and public safety sector development. It helps safeguard freedom of the media and freedom of expression and supports media development.

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ISSYK-KUL, Kyrgyzstan, 8 July 2016 – A five-day training course supported by the OSCE Centre in Bishkek on a risk-oriented approach in supervising activities related to anti-money laundering and combating the financing of terrorism concluded today in Bosteri village, in the Issyk-Kul region.

The aim of the workshop, which was organized by the State Financial Intelligence Service under the Government of the Kyrgyz Republic (SFIS) in partnership with the International Monetary Fund (IMF), was to update the relevant State agencies and financial institutions on the practical aspects of a risks-oriented approach in their work. Some 46 officials from law enforcement agencies, supervisory agencies and financial institutions took part.

“A risks-oriented approach is the process which allows the countries to identify, assess and understand risks to effectively combat money laundering and financing of terrorism,” said Nana Baramidze, Senior Economic and Environmental Officer at the OSCE Centre. “The OSCE Centre in Bishkek fully supports the efforts of the Kyrgyz Government in its attempt to establish effective systems to counter money laundering and the financing of terrorism.”

Chyngyz Kenenbayev, Head of the Organizational and Legal department of the SFIS, said: “We are holding this educational seminar to train representatives of national authorities and the private sector so that we can successfully pass the second round of the evaluation by the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG). In order to fulfil international obligations under the EAG, the Kyrgyz Republic is to conduct a mutual assessment of its anti-money laundering and combating the financing of terrorism system. From 28 November to 9 December 2016, a visiting mission of EAG evaluators will conduct this assessment within the Financial Action Task Force (FATF) initiative."

The training course, which was conducted by two IMF experts and three SFIS officials, was part of the OSCE assistance to the Kyrgyz Government in preparing for the second round of the FATF evaluation.

Related Stories

• To mark World Day against Trafficking in Persons OSCE Centre in Bishkek supports public awareness raising campaign
• OSCE Centre in Bishkek supports summer school on topical issues of police reform
• OSCE Centre in Bishkek trains defence lawyers and prosecutors on right to liberty and freedom from arbitrary arrest or detention

https://nypost.com/2024/11/11/opinion/un-climate-conference-just-an-excuse-to-shake-west-down-for-cash/ By Bjorn Lomborg The UN climate summit in Azerbaijan kicked off Monday in the shadow of Donald Trump’s election and with many key leaders not even showing up. With low expectations set before it even began, the summit will nonetheless see grandiose speeches on the need for a vast flow of money from rich countries to poorer ones. […]

World Bank Missing $41 Billion in Climate Funds by Martin Armstrong A new report by Oxfam, “Climate Finance Unchecked,” has determined that the World Bank has $41 billion in unaccounted funds that were destined to fight climate change. This figure represents 40% of all disbursed climate funds by the World Bank. Oxfam’s audit revealed that between 2017 […]

U4SSC 2023 - Compendium of practices on innovative financing for smart sustainable cities projects

Scott Stiglich, senior vice president of channel partnerships at Watercress Financial, breaks down why roofing contractors need to incorporate financing solutions to their business model in this exclusive Q&A.

Towards just transition in Africa: Green financing for urban energy solutions and job creation 9 June 2022 — 7:30AM TO 11:00AM Anonymous (not verified) 18 May 2022 Nairobi and online

This event explores the major openings and potential impediments to the development of a just transition policy in Africa.

Global climate policies towards a ‘just transition’ under the Paris Agreement should also align with and support African states’ national sustainable development priorities. In particular, the need for decent and fair job creation and the establishment of sufficient, resilient and sustainable power supply, accessible to all, and efficient energy use.

Achieving green growth requires innovative and more accessible financing models, especially as wealthy nations’ financial pledges have fallen short. Ahead of the ‘African COP27’ set to take place in Egypt in November 2022, there is a need for transformational strategic thinking and context-specific action from African governments, civil society, businesses and financiers in their green financing demands and national implementation plans.

Sustainable urban energy solutions represent a critical zone of opportunity for the development of new and more reliable green finance pathways. Africa’s rapidly expanding cities present a significant economic opportunity and source of growth. However, urban centres are also where income and energy inequalities are at their starkest. The acceleration of sustainable energy generation and use could have a transformative impact on SMEs and livelihoods across value chains.

At this event, participants will discuss the major openings and potential impediments to the development of a credible ‘just transition’ policy in Africa towards net zero goals, with a particular focus on establishing and enhancing links between green financing innovation, employment creation, sustainable power supply and generation, and sustainable energy usage and consumption in an urban environment.

This event is held in partnership with the Pan African Climate Justice Alliance (PACJA). It is part of a series on Towards Just Transition: Connecting Green Financing and Sustainable Job Creation in Africa, supported by the Chatham House Sustainability Accelerator.

This event will be held in English and French with simultaneous interpretation.

Towards just transition in Africa: Green financing for nature-based solutions and rural resilience 21 July 2022 — 9:30AM TO 1:00PM Anonymous (not verified) 30 June 2022 Libreville and online

This hybrid event in Libreville explores just transition policy and green financing for nature-based solutions, with a particular focus on the integration of job creation priorities in conservation and rural resilience.

Global climate policies towards a ‘just transition’ under the Paris Agreement should align with and support African states’ national sustainable development priorities – in particular, the need for decent and fair job creation, as well as resilient and sustainable land, environment, and ecosystem management policies.

Achieving green growth requires innovative and more accessible financing models, especially as wealthy nations’ financial pledges have fallen short. Ahead of the ‘African COP27’ set to take place in Egypt in November 2022, there is a need for transformational strategic thinking and context-specific action from African governments, civil society, businesses and financiers, in their green financing demands and national implementation plans.

Preservation of biodiversity and nature is not only critical in the global fight against climate change but is also vital for conservation-based economic development. Natural capital stocks, such as terrestrial and marine ecosystems and biodiversity, produce benefits that support societal and individual well-being and economic prosperity, such as clean air, fresh water, regulation of water flows and pollination of crops – while also acting as important carbon sinks. Financing environmental protection must go beyond compensation and contribute to creating fair social and economic conditions for incentivizing conservation.

At this hybrid event in Libreville, participants will discuss green financing for nature-based solutions, particularly the integration of plans for job creation in conservation and rural resilience within just transition planning.

This event is part of a series on Towards Just Transition: Connecting Green Financing and Sustainable Job Creation in Africa, supported by the Chatham House Sustainability Accelerator.

This event will be held in French and English with simultaneous interpretation.

This event will also be broadcast live on the Chatham House Africa Programme’s Facebook page.

Towards just transition in Africa: Continental coordination on green financing and job creation 6 October 2022 — 7:00AM TO 3:30PM Anonymous (not verified) 8 September 2022 Addis Ababa and online

At this hybrid conference in Addis Ababa, speakers take stock of preparations ahead of the ‘African COP27’ in November and discuss the key priorities for streamlining continental cooperation on policy approaches to just transition.

At this hybrid conference in Addis Ababa, speakers will take stock of policy efforts and preparations ahead of the ‘African COP27’ in November and discuss the key priorities for streamlining continental cooperation on policy approaches to just transition.

Global climate policies towards a ‘just transition’ under the Paris Agreement should align with and support African states’ national sustainable development priorities – in particular, the need for decent and fair job creation, as well as resilient and sustainable land, environment and ecosystem management policies.

They must also be cognizant of African nations’ urgent requirements for sustainable and accessible energy to underpin economic development. Achieving green growth requires innovative and more accessible financing models, especially as wealthy nations’ financial pledges have fallen short. It also requires clarity and cooperation to unlock investment in both renewable and transitional energy.

African countries face collective climate and employment-related challenges. However, policymaking often remains regionally siloed according to differing political, energy sector and ecological realities. There is a need for transformational strategic thinking and context-specific action from African governments, civil society, businesses and financiers, in their green financing demands and national implementation plans.

At this hybrid conference in Addis Ababa, speakers will take stock of policy efforts and preparations ahead of the ‘African COP27’ in November and discuss the key priorities for streamlining continental cooperation on policy approaches to just transition, job creation and green financing.

This event is the third in a series on Towards just transition: Connecting green financing and sustainable job creation in Africa, supported by the Chatham House Sustainability Accelerator.

Innovative Financing for Humanitarian Energy Interventions Research paper sysadmin 28 February 2019

This paper explores the increase in resources and funding needed to improve the access of displaced people to modern and sustainable energy services.

Summary

• In settings that host displaced and refugee communities, energy can act as an enabler for improved healthcare, education and access to clean water. More efficient sources of energy can also save money that can be reinvested in life-saving interventions. A range of challenges exist that inhibit the uptake and effective management of cleaner energy solutions in displacement settings. These are magnified by a lack of available and appropriate funding.
• The current funding gap is significant. In many cases, involving the private sector (both enterprises and investors) is viewed as a way to accelerate delivery of sustainable energy solutions, leverage additional capital, efficiency and expertise, and adopt more sustainable and market-based approaches.
• Displacement settings are an extreme example of complex and unpredictable operating environments. Traditional approaches to the financing of energy access will not be supported by the risk/return characteristics of this market opportunity, so alternative structures are needed.
• Such structures can include mechanisms such as grants, guarantees, ‘results-based financing’ and ‘impact bonds’. These blended financial instruments should aim to leverage first losses – whereby, in the case of default, the first loss is taken by the ‘impact-first’ investors, or guarantors, thereby fully or partially protecting ‘finance-first’ investors.
• Given the specific constraints of displacement settings, any financing mechanisms at present are likely to fall between the categories of providing ‘more efficient aid’ and ‘more efficient aid through markets’. They are likely to constitute a transitional step from grant-making towards the use of commercial investment vehicles.
• While a number of financial mechanisms could be applied to attract private-sector engagement, most remain theoretical, with few being implemented extensively or at scale. Where such financial mechanisms have already been used, access to relevant data is poor, especially in circumstances where the desired outcomes were not achieved.
• The Moving Energy Initiative (MEI) completed feasibility work into the concept of an energy humanitarian fund and found that, while a need for this type of facility has emerged, it sits in a difficult position between energy access, climate and humanitarian funding sources. Key donors are needed to drive forward innovative financing vehicles and further testing of these mechanisms, in order to generate market data and evidence for further iterations and additional investments.

Gone are the days when a cash offer got you a better price, writes Maya Fisher-French.

Dover, Del. – July 22, 2024 –The Delaware State Housing Authority (DSHA) and Discover Bank announced a significant milestone in their long-standing partnership to expand homeownership opportunities for low-to-moderate-income residents across the state. Over the past decade, the collaborative lending program has provided more than $500 million in mortgage financing to 2,780 first-time homebuyers with […]

The Delaware Department of Agriculture (DDA), in partnership with the Division of Small Business, officially launched the Delaware Agricultural Financing Program (DAFP) today. This new program aims to increase the viability of Delaware’s agricultural industry by broadening lending opportunities across the agricultural sector.

[SAnews.gov.za] With the United Nations Framework Convention on Climate Change (COP29) taking place this week, South Africa expects the COP29 Presidency to enhance efforts to finalise the New Collective Quantified Goal on Finance (NCQG), which is a matter of great importance for developing economies.

The promised global shift from fossil fuels remains unmet as fossil fuel continues to expand in Southeast Asia with the backing of international financiers, environmental groups said.

ADB has a vacancy for the position of Experts Pool: Senior Disaster and Climate Risk Financing Specialist in the Sustainable Development and Climate Change Department. The deadline for submitting applications is on 11 January 2022.