Monday, June 24, 2013

Fiera Capital - FSZ.t

Fiera Capital - FSZ.t is a prominent Canadian investment management firm cultivating excellence in portfolio management and investment solutions.

With close to $66 billion in assets under management, the company is one of Canada’s leading investment managers.


On May 14, 2013 the company released Q1 Numbers

"Fiera Capital Corporation (TSX: FSZ) (“Fiera Capital” or “the Firm”), a leading independent Canadian investment firm, today reported its financial results for the first quarter ended March 31, 2013 (“the first quarter”).

Financial and Corporate Highlights

For the three months ended March 31, 2013:
Assets under management (“AUM”) increased by $7.5 billion, of which $6 billion comes from the UBS acquisition, to $64.5 billion from the previous quarter ended December 31, 2012 and by $35.8 billion compared to the quarter ended March 31, 2012.
Revenue increased by 95% to $30.2 million compared to the corresponding quarter ended March 31, 2012.
Earnings before interests, taxes, depreciation and amortization (“EBITDA”) increased by over 100% to $10.9 million compared to $3.4 million for the same quarter ended March 31, 2012.
The Firm recorded net earnings of $0.03 per share compared to a net loss per share of $(0.01) for the quarter ended March 31, 2012.
Adjusted net earnings for the period were $7.4 million or $0.13 (basic and fully diluted) per share, an 86% increase over adjusted net earnings of $2.6 million or $0.07 per share for the period ended March 31, 2012.

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Wednesday, June 19, 2013

MBAC Fertilizer Corp - MBC.t

MBAC Fertilizer Corp - MBC.t is focused on becoming a significant integrated producer of phosphate and potash fertilizers in the Brazilian and Latin American markets.

The company is focused on developing a new high-grade fertilizer production facility, the “Itafós Arraias SSP Project”.




On June 13, 2013 the company released News

MBAC Fertilizer Corp. (“MBAC” or the “Company”) (TSX:MBC and OTCQX:MBCFF) is pleased to provide a progress report on the completion of construction and the start up of operations for the Itafós Arraias Single Super Phosphate (“SSP”) Project (“Itafós” or the “Itafós Project”):
• Near completion of construction and at current trends the Company expects the construction to be completed in the next several weeks, consistent with its previous guidance. • Cost to completion has progressed consistent with previous capital cost estimates.
• The Company has produced and is stockpiling phosphate concentrate from the beneficiation plant and the Company is very pleased with the quality of the concentrate.
• The Company expects to be in a position to deliver SSP in July with the ramp up of operations to reach capacity by October 2013.
• Operations team is in place and involved with the plants’ commissioning.
• Sales volumes of SSP to date have increased from 35,000 tonnes in the previous update to 50,000 tonnes.
• The working capital needs of the Company, which is entirely for the operational phase as the Company begins to generate cash flow, are expected to be entirely funded through ordinary course working capital loans and other debt. The Company has recently received credit approval from Banco Votorantim S.A. for an initial working capital line of credit in the amount of US$10 million. The Company is also in advanced discussions with banks and other lenders to structure the balance of the working capital financing.
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Tuesday, June 18, 2013

Ur-Energy Inc. - URE.t

Ur-Energy Inc. - URE.t has completed permitting activities at its Lost Creek ISR Uranium Project in Sweetwater County, Wyoming and has started construction of a two-million-pounds-per-year processing facility.

The company is a near-term uranium producer in Wyoming.




On June 17, 2013 the company released News

Ur-Energy Inc. (TSX:URE, NYSE MKT:URG) (“Ur-Energy” or the “Company”) is set to join the broad-market Russell 3000Ò Index when Russell Investments (“Russell”) reconstitutes its comprehensive set of U.S. and global equity indexes on June 28, according to a preliminary list of additions posted June 14 on www.russell.com/indexes.

Annual reconstitution of Russell’s U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000Ò, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000Ò Index or small-cap Russell 2000Ò Index as well as the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

“The Ur-Energy team is excited to be included in the Russell 3000Ò Index, validating our continued effort to build shareholder value,” said Jeff Klenda, Chairman of the Board of Ur-Energy. “We believe that this provides us with the opportunity to expand our shareholder base as we complete construction of our Lost Creek Project, continue to capitalize on our strategic initiatives and grow our Company.”
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