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Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Equity Bottom-Up

<p>On 19 May, Canyon Resources announced that it has received an option exercise notice from its key shareholder Eagle Eye Asset Holdings (EEA). EEA will exercise 350m options, resulting in cash proceeds of A$24.5m for the company. Canyon will use the funds to further advance its Minim Martap bauxite project, in particular to finalise the definitive feasibility study (DFS) that is scheduled for completion in Q325.</p>

On 19 May, Canyon Resources announced that it has received an option exercise notice from its key shareholder Eagle Eye Asset Holdings (EEA). EEA will exercise 350m options, resulting in cash proceeds of A$24.5m for the company. Canyon will use the funds to further advance its Minim Martap bauxite project, in particular to finalise the definitive feasibility study (DFS) that is scheduled for completion in Q325.

Canyon Resources — Additional funding from core shareholder