Summary
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Midnight Sun Mining secures Kazhiba target license renewal - ICYMI
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) director of marketing and communications Adrian O'Brien talked with Proactive about securing approval from Zambia's Mines Ministry for the renewal of the Kazhiba target license. He emphasized that the license is a cornerstone of the cooperative exploration plan with First Quantum Minerals (TSX:FM).
Midnight Sun Mining kicks off new exploration at Kazhiba project
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) told investors it has kicked-off an exploration program at the Kazhiba Target, part of its Solwezi Property in Zambia. It's a collaboration with First Quantum Minerals (TSX:FM) under a cooperative exploration plan, and, it aims to define near-surface oxide copper resources.
Midnight Sun Mining shifts focus to Mitu copper target amid Kazhiba licence challenge
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) said Thursday that the Zambian Ministry of Mines and Minerals Development has posted a decision indicating that the renewal application for Large Scale Exploration Licence 21509-HQ-LEL, which hosts the Kazhiba Dome, has been rejected. The decision does not impact the company's other two licences that comprise the Solwezi project, or the ongoing Cooperative Exploration Plan with First Quantum Minerals (TSX:FM), aside from the timing of drilling and target focus, the company said in a statement.
iShares MSCI Frontier and Select EM ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 70 | $2 | $2 | - | - |
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iShares MSCI Frontier and Select EM ETF Profile
| - Industry | - Sector | - CEO | ARCA Exchange | 464286145 CUSIP |
| United States Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
The company operates in the financial sector with a specific focus on investments in frontier and emerging markets. It aims to achieve its investment objective by allocating a substantial portion of its assets into equity securities. These securities are either directly issued by entities with economic ties to frontier or emerging markets or represented through depositary receipts. The fund's strategy also encompasses the potential use of borrowings to further its investment aims, demonstrating a commitment to leveraging financial instruments to optimize returns for investors.
Products and Services
- Equity Securities Investments
The primary service offered involves investing in equity securities of companies that are economically linked to frontier and emerging markets. This includes stocks of companies that are expected to benefit from the economic growth and development in these regions, providing investors with the opportunity to potentially gain from the rising market valuations.
- Depositary Receipts Investments
In addition to direct equity investments, the fund also focuses on depositary receipts. These are negotiable financial instruments issued by banks to represent a foreign company's publicly traded securities. By investing in depositary receipts, the fund offers investors exposure to emerging and frontier market equities without the complexities of directly investing in foreign markets.
- Utilization of Borrowings
The fund may also employ borrowing as a strategy to augment its investment capabilities. By leveraging borrowings, the fund aims to enhance the volume of its investments, thereby potentially increasing the returns for its investors. This approach indicates a proactive use of financial leverage to pursue investment objectives, yet it also introduces an additional layer of risk that is diligently managed by the fund's investment professionals.
