Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Equity Bottom-Up

<ul><li>What you need to know: • September was a big month for the metals space as gold, silver, and copper were all up over 6%.</li><li>Gold broke to new all-time-highs, peaking at $2,685/oz before closing the month at $2,661/oz (up 46% LTM).</li><li>• The mining equities lagged the metals slightly but greatly outperformed broader markets with the GDX, GDXJ, SIL, and COPX up 4.8%, 8.2%, 7.9% and 11.0%, respectively.</li></ul>

What you need to know: • September was a big month for the metals space as gold, silver, and copper were all up over 6%.Gold broke to new all-time-highs, peaking at $2,685/oz before closing the month at $2,661/oz (up 46% LTM).• The mining equities lagged the metals slightly but greatly outperformed broader markets with the GDX, GDXJ, SIL, and COPX up 4.8%, 8.2%, 7.9% and 11.0%, respectively.

Moon River Capital Ltd - Mining Monthly: September Edition

<ul>
<li>LVG announced an update on Barrick Gold’s exploration activities on the claims surrounding the Tembo Project, which LVG carries interest in.</li>
<li>On September 4th, the Company announced submission of all documentation for the 10-year renewal and transfer of the Imwelo Mining License.</li>
<li>The acquisition should close by the end of September.</li>
</ul>


LVG announced an update on Barrick Gold’s exploration activities on the claims surrounding the Tembo Project, which LVG carries interest in.
On September 4th, the Company announced submission of all documentation for the 10-year renewal and transfer of the Imwelo Mining License.
The acquisition should close by the end of September.


LVG: Exploration Update & Mining License Submission

<ul>
<li>August was a mixed month for all metals, including the mining equities.</li>
<li>Gold continues to outperform other metals, up 2.3% on the month and up a staggering 29% over the last year.</li>
<li>Mining equities performed in line with broader markets, following significant outperformance in July.</li>
</ul>


August was a mixed month for all metals, including the mining equities.
Gold continues to outperform other metals, up 2.3% on the month and up a staggering 29% over the last year.
Mining equities performed in line with broader markets, following significant outperformance in July.


Trigon Metals Inc - Mining Monthly: August Edition

<ul>
<li>LVG announced the Imwelo Mining License has conditionally been approved for a 10-year renewal, providing runway for LVG to execute.</li>
<li>On July 18th, the Company announced the receipt of the Tax Clearance Certificate, the final requirement for transferring the Imwelo Mining Licence to LVG.</li>
<li>Once the Mining License is officially transferred, it will trigger the second tranche of investment from the TAIFA group.</li>
</ul>


LVG announced the Imwelo Mining License has conditionally been approved for a 10-year renewal, providing runway for LVG to execute.
On July 18th, the Company announced the receipt of the Tax Clearance Certificate, the final requirement for transferring the Imwelo Mining Licence to LVG.
Once the Mining License is officially transferred, it will trigger the second tranche of investment from the TAIFA group.


LVG: Mining License Renewal - Long Runway Ahead

<ul>
<li>July was the second consecutive negative month for all 17 metals in our coverage except for gold, however, mining equities largely outperformed.</li>
<li>As anticipated in our last Mining Monthly, the June sell-off marked a great buying opportunity in the metals equities.</li>
<li>We are excited by the continued outperformance in the mining sector compared to broader markets as we believe this will begin attracting generalist investors to the space.</li>
</ul>


July was the second consecutive negative month for all 17 metals in our coverage except for gold, however, mining equities largely outperformed.
As anticipated in our last Mining Monthly, the June sell-off marked a great buying opportunity in the metals equities.
We are excited by the continued outperformance in the mining sector compared to broader markets as we believe this will begin attracting generalist investors to the space.


Lake Victoria Gold Ltd - Mining Monthly: July Edition

Canada

Lake Victoria Gold Ltd. provides exploration and mining services. The Company explores and develops gold projects in Tanzania and the rest of Africa.

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Lake Victoria Gold (LVG CN)

Moon River Capital Ltd - Mining Monthly: September Edition

What you need to know: • September was a big month for the metals space as gold, silver, and copper were all up over 6%. Gold broke to new...

Atrium Research

LVG: Exploration Update & Mining License Submission

LVG announced an update on Barrick Gold’s exploration activities on the claims surrounding the Tembo Project, which LVG carries interest in.

Atrium Research

Trigon Metals Inc - Mining Monthly: August Edition

The precious metals prices and the mining equities were mostly in line with broader markets with the TSX up 1.0% and the S&P500 up 2.3%.

Atrium Research

LVG: Mining License Renewal - Long Runway Ahead

LVG announced the Imwelo Mining License has conditionally been approved for a 10-year renewal, providing runway for LVG to execute.

Atrium Research

Lake Victoria Gold Ltd - Mining Monthly: July Edition

July was the second consecutive negative month for all 17 metals in our coverage except for gold, however, mining equities largely outperformed.

Atrium Research

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