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>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>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

<ul>
<li>LVG has received the tax assessment from the Tanzanian Revenue Authority, one of the final steps from the acquisition of the Imwelo Mining License.</li>
<li>Once the Mining License is officially transferred, it will trigger the second tranche of investment from the TAIFA group.</li>
<li>Barrick Gold continues to explore the area surrounding the Tembo licenses, exciting us as LVG will share in Barrick’s success.</li>
</ul>


LVG has received the tax assessment from the Tanzanian Revenue Authority, one of the final steps from the acquisition of the Imwelo Mining License.
Once the Mining License is officially transferred, it will trigger the second tranche of investment from the TAIFA group.
Barrick Gold continues to explore the area surrounding the Tembo licenses, exciting us as LVG will share in Barrick’s success.


<ul>
<li>Progress at the Imwelo Project is continuing with the final step before the official transfer of the mining license underway, and other preparatory work at site is proceeding.</li>
<li>Barrick Gold continues to invest substantial capital into the surrounding Tembo licenses which excites us as LVG will share in Barrick’s exploration success (see initiation report here for more details).</li>
<li>We value LVG at $0.45/share representing 150% upside.</li>
</ul>


Progress at the Imwelo Project is continuing with the final step before the official transfer of the mining license underway, and other preparatory work at site is proceeding.
Barrick Gold continues to invest substantial capital into the surrounding Tembo licenses which excites us as LVG will share in Barrick’s exploration success (see initiation report here for more details).
We value LVG at $0.45/share representing 150% upside.


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)

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

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

LVG: Making Progress on Imwelo

LVG has received the tax assessment from the Tanzanian Revenue Authority, one of the final steps from the acquisition of the Imwelo Mining License.

Atrium Research

LVG: Corporate Update & Thesis Rehash

Progress at the Imwelo Project is continuing with the final step before the official transfer of the mining license underway, and other preparatory...

Atrium Research

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