Core Viewpoint - T2 Metals Corp. has filed an independent Technical Report for the Sherridon copper-zinc-gold project, highlighting its potential and historical mineral resource estimates [1][2][12]. Company Overview - T2 Metals Corp. is focused on enhancing shareholder value through exploration and discovery in under-explored areas, including the Sherridon project [16]. Project Details - The Sherridon project is located in the Flin Flon – Snow Lake Greenstone Belt, known for its significant mining and exploration history, with year-round road access and proximity to an operational train line [3][12]. - The Technical Report complies with the Canadian Securities Administrators' National Instrument 43-101 standards [2]. Historical Mineral Resource Estimates - The Technical Report summarizes historical mineral resource estimates from five unmined deposits: Park, Jungle, Bob, Cold, and Lost prospects, all within 8 km of each other [4]. - Aggregate historical mineral resource estimates include: - **Indicated Resources**: - Open Pit: 5,317,000 tonnes at 0.80% copper, 1.23% zinc, 0.34 g/t gold, and 7.2 g/t silver - Underground: 1,235,800 tonnes at 1.04% copper, 1.18% zinc, 0.48 g/t gold, and 8.2 g/t silver - Total Indicated: 6,552,800 tonnes at 0.85% copper, 1.22% zinc, 0.37 g/t gold, and 7.4 g/t silver [5] - **Inferred Resources**: - Open Pit: 12,240,000 tonnes at 0.62% copper, 0.77% zinc, 0.26 g/t gold, and 5.3 g/t silver - Underground: 3,620,000 tonnes at 0.91% copper, 1.08% zinc, 0.32 g/t gold, and 7.4 g/t silver - Total Inferred: 15,860,000 tonnes at 0.68% copper, 0.84% zinc, 0.28 g/t gold, and 5.8 g/t silver [5]. Future Exploration Potential - The project has over 25 km of strike length at surface, indicating excellent opportunities for additional discoveries [12].

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Two Harbors Investment Corp. (NYSE: TWO ), a popular mortgage real estate investment trust, or mREIT, and one that we follow, is very sensitive to moves in interest rates. So, we had our first interest rate cut from the Federal ReservePay yourself dividends with outsized returnsGet more with our playbook to significantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop.Our prices go up November 1st, but right now we have a big sale on the current price. Join NOW an ...

Two Harbors Investments (TWO) reported $-42.29 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 14.6%. EPS of $0.13 for the same period compares to -$0.01 a year ago. ...

Financial Performance - Generated comprehensive income of $19.3 million, or $0.18 per weighted average basic common share[2] - Net interest income for the three months ended September 30, 2024, was $112,642, a decrease from $123,608 in the same period of 2023, representing a decline of 7.8%[28] - Total interest expense for the three months ended September 30, 2024, was $154,931, down from $173,094 in the prior year, reflecting a decrease of 10.5%[30] - Net loss attributable to common stockholders for the three months ended September 30, 2024, was $(250,269), compared to a profit of $294,077 in the same period of 2023[32] - Basic loss earnings per share for the three months ended September 30, 2024, was $(2.42), a significant decline from $3.04 in the prior year[32] - Comprehensive income attributable to common stockholders for the three months ended September 30, 2024, was $19,352, compared to a loss of $(56,845) in the same period of 2023[32] - Total other (loss) income for the three months ended September 30, 2024, was $(335,901), a significant decrease from $267,922 in the prior year[28] - Net servicing income for the three months ended September 30, 2024, was $167,832, an increase from $148,722 in the same period of 2023, representing a growth of 12.5%[28] - Earnings available for distribution to common stockholders for the three months ended September 30, 2024, was $13,186, down from $17,516 in the same period of 2023[32] Balance Sheet Highlights - Reported book value of $14.93 per common share, with a third quarter common stock dividend of $0.45 per share, representing a 1.3% quarterly economic return on book value[2] - Total assets decreased to $12,887,842,000 as of September 30, 2024, from $13,138,800,000 at the end of 2023[24] - Total liabilities decreased to $10,718,468,000 as of September 30, 2024, from $10,935,410,000 at the end of 2023[24] - Stockholders' equity was $2,169,374,000 as of September 30, 2024, compared to $2,203,390,000 at the end of 2023[26] - The company reported a decrease in cash and cash equivalents to $522,581,000 as of September 30, 2024, from $729,732,000 at the end of 2023[24] - Mortgage servicing rights at fair value decreased to $2,884,304,000 as of September 30, 2024, from $3,052,016,000 at the end of 2023[24] Portfolio and Acquisitions - Settled $3.3 billion in unpaid principal balance (UPB) of MSR through bulk and flow-sale acquisitions and recapture[3] - Funded $22.4 million UPB in first lien loans and brokered $7.5 million UPB in second lien loans during the first full quarter of direct-to-consumer originations[3] - Committed to purchase an additional $2.1 billion UPB of MSR through a bulk acquisition post quarter-end[3] - As of September 30, 2024, the company's portfolio comprised $11.4 billion of Agency RMBS, MSR, and other investment securities[8] - The portfolio included $8.5 billion of Agency RMBS, accounting for 74.7% of the total portfolio[8] - The unpaid principal balance for MSR was $202.1 billion, with a gross coupon rate of 3.4%[10] Debt and Financing - Total borrowings as of September 30, 2024, amounted to $10.0 billion, with a weighted average borrowing rate of 5.40%[12] - The debt-to-equity ratio at period-end was 4.6:1.0 for the three months ended September 30, 2024, compared to 4.5:1.0 for the previous quarter[15] - The annualized cost of financing was 6.17% for the three months ended September 30, 2024, down from 6.23% in the previous quarter[15] Other Information - The company will host a conference call on October 29, 2024, to discuss its third quarter 2024 financial results[17] - The company emphasizes the importance of forward-looking statements and the associated risks and uncertainties[19] - The company provides non-GAAP financial measures to assist investors in analyzing its results of operations[22] - Dividends declared per common share for the three months ended September 30, 2024, remained at $0.45, consistent with the same period in 2023[32] - Unrealized loss on available-for-sale securities for the three months ended September 30, 2024, was $(269,621), compared to a loss of $(350,922) in the prior year[32]

Core Viewpoint - Two Harbors Investment Corp. (TWO) is set to report its third-quarter 2024 results on October 28, with expectations of improved earnings compared to previous quarters, despite challenges in the mREIT sector [1][5]. Financial Performance - In the last reported quarter, TWO posted earnings available for distribution per share of 17 cents, significantly exceeding the Zacks Consensus Estimate of 2 cents [2]. - The net interest income for the last quarter was negative $38.3 million, better than the Zacks Consensus Estimate of negative $45.9 million [2]. - The Zacks Consensus Estimate for total interest income in the upcoming quarter is pegged at $115 million, indicating a slight decline from the previous quarter [4]. Market Conditions - The mREIT sector experienced higher volatility in fixed-income markets during the third quarter, increasing asset impairment risks and hedging mismatches [3]. - A positively sloped yield curve is expected to have supported mortgage REIT valuations, likely increasing TWO's book value per share [3]. - The 30-year fixed mortgage rates decreased to 6.2% at the end of the third quarter, down from 6.86% in the second quarter of 2024, which is anticipated to have boosted mortgage demand and refinancing activities [4]. Interest Rate Impact - The Federal Reserve cut interest rates by 50 basis points to 4.75-5% on September 18, but maintained rates at a 23-year high of 5.25-5.5% for most of the quarter, likely leading to higher funding costs for TWO [5]. - The Zacks Consensus Estimate for net interest income in the upcoming quarter is negative $39 million, compared to negative $38.3 million reported in the prior quarter [5]. Earnings Expectations - Analysts have increased the Zacks Consensus Estimate for third-quarter earnings to 35 cents from 11 cents over the past week, indicating a significant year-over-year improvement [5]. - The Earnings ESP for Two Harbors Investment is currently 0.00%, indicating uncertainty in predicting an earnings beat [6]. Zacks Rank and Comparisons - TWO currently holds a Zacks Rank of 1, indicating a strong buy recommendation [7]. - Other REITs such as American Healthcare REIT Inc. and Public Storage are highlighted as potential stocks to consider, with positive Earnings ESPs and favorable Zacks Ranks [7].

. T2 Metals Completes Summer/Fall Drill Phase at Sherridon, Manitoba, and Earns 80% Interest in Project October 03, 2024 8:00 AM EDT | Source: T2 Metals Corp. Vancouver, British Columbia--(Newsfile Corp. - October 3, 2024) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A2DR6E) ("T2" or the "Company") is pleased to announce the completion of the summer/fall phase of core drilling at the Sherridon copper-gold project in the Flin Flon - Snow Lake District of west-central Manitoba. A total of 2,180 metres i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34506 TWO HARBORS INVESTMENT CORP. (Exact Name of Registrant as Specified in Its Charter) Maryland 27-0312904 (State or Other Jurisdiction of Incorporation or Organization) ...

NEW YORK, July 30, 2024 - Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS real estate investment trust (REIT), today announced its financial results for the quarter ended June 30, 2024. • Reported book value of $15.19 per common share, and declared a second quarter common stock dividend of $0.45 per share, representing a flat quarterly economic return on book value. For the first six months of 2024, generated a 5.8% total economic return on book value. (1) • Repurchased $10.0 million principa ...

Company Overview - Two Harbors Investment Corporation specializes in agency residential mortgage-backed securities (RMBS), which constitute 62% of its balance sheet, and mortgage servicing rights (MSR), making up 23% of its asset base [6][31] - As of March 31, 2024, the company has a portfolio valued at $14.7 billion [7] Performance and Returns - The Series B 7.625% preferred shares have significantly outperformed the iShares Preferred and Income Securities ETF (PFF) in 2024, delivering a low double-digit total return compared to the mid-single-digit return of the benchmark ETF [6][33] - The Series B shares offer an approximate 8.27% dividend yield and a capital appreciation potential of 8.46% to par value, which is higher than the Series A shares [30][33] Dividend Coverage - In Q1 2024, the company paid $11.8 million in cumulative preferred dividends, representing only 5.8% of its $203.6 million net income before preferred distributions [26] - The company has maintained strong preferred dividend coverage over the past few years, with coverage ratios of 2.35 times based on equity market capitalization of $1.46 billion [31] Leverage and Debt Ratios - The company has leveraged its common equity 8.25 times, with an economic debt-to-equity ratio of 6.0 when accounting for agency-to-be-announced securities [19][30] - The preferred shares are well-covered by shareholders' equity adjusted for preferred shares, standing at $1.6 billion [31] Interest Rate and Mortgage Spread Exposure - The company is well-hedged against interest rate exposure, with a potential portfolio impact of only -0.2% to -0.3% from a 0.25% move in rates [27] - A 5.3% increase in mortgage spreads could negatively affect the portfolio by 5.3% [27] Outlook on Monetary Policy - The Federal Reserve is projected to lower rates to 3.75-4.00% by July 2025, which would likely enhance the value of RMBS held by the company [36] - The company expects to benefit from lower interest rates through reduced rates on its repurchase agreements, which are tied to the secured overnight financing rate (SOFR) [39]