Core Viewpoint - T2 Metals Corp. has reported promising initial assay results from its Q4 2024 drill program at the Sherridon VMS Project in Manitoba, highlighting high-grade copper and other metals, indicating potential for further discoveries in the area [2][3][8]. Drilling Program Highlights - The first two holes of a nine-hole drilling program have been completed, with SHN24014 intersecting high-grade copper over a significant interval, including 3.56 meters grading 2.50% Cu, 5.31% Zn, 1.00 g/t Au, and 21.8 g/t Ag [2][5][8]. - The second hole, SHN24013, did not intersect the target horizon, while SHN24014 was drilled southeast of the Lost Lake Historical Mineral Resource [5][6]. - The 2024 drill program aims to test and extend known mineralization and VTEM anomalies in geologically prospective locations [6][12]. Future Plans - Planning is underway for a Q1 2025 drilling program, which will commence when winter conditions permit, and the company is fully funded for this initiative [4][12]. - Additional results from the 2024 drilling program are expected in early 2025 as the company progresses towards its next drilling phase [8]. Historical Context - The Sherridon VMS Project is located in a historically significant mining area with known copper-rich resources, having a mining history that includes the extraction of 7.74 million tonnes at an average grade of 2.46% Cu, 2.84% Zn, 0.6 g/t Au, and 33 g/t Ag from 1931 to 1951 [9][10]. - The Lost Lake and Cold Lake zones comprise a continuously mineralized horizon over a known strike length of approximately 1.8 km, previously explored by HudBay Minerals [10][11]. Technical Details - The drill program included a total of 1,584 meters across six holes, testing a strike length exceeding 1.4 km at the Cold Lake and Lost Lake prospects [9]. - Assay results confirmed the presence of semi and massive sulphide in core logging, delineating shallow-dipping and plunging massive sulphide lenses [11][12]. Company Overview - T2 Metals Corp. is focused on enhancing shareholder value through exploration and discovery, with a primary focus on the Sherridon Project in Manitoba, as well as projects in Nevada and Arizona [29].

Core Insights - T2 Metals Corp announced high-grade rock chip results from its Copper Eagle copper-gold project in Nevada, indicating significant potential for copper and silver mineralization [3][4][7]. Company Overview - T2 Metals Corp is focused on enhancing shareholder value through exploration and discovery in under-explored areas, including the Copper Eagle project [17]. - The company is well-positioned to benefit from the rising demand for copper, silver, and gold [8]. Project Details - The Copper Eagle project is located in Douglas County, Nevada, near several historic copper mines and development projects [3][11]. - The fall 2024 sampling program involved collecting 21 representative rock chip and channel samples, revealing copper grades ranging from 0.11% to 2.07%, with an average of 0.78%, and silver grades from 0.17 g/t to 6.05 g/t, averaging 1.82 g/t [4][6]. Exploration Insights - The assay results suggest the presence of an oxidized zone associated with porphyry copper mineralization, similar to the nearby Yerington deposit [4][6]. - Historical records indicate that Copper Eagle has the potential to host a porphyry copper deposit, and the company plans to conduct geophysical studies to delineate targets [7][12]. Technical Analysis - Samples were analyzed using advanced techniques, including a TerraSpec multispectral scanner, to assess the prospectivity of the mineralized area [5][14]. - The project is secured by six granted BLM lode mining claims and is easily accessible [11].

Core Viewpoint - T2 Metals Corp has successfully closed a flow-through private placement financing, raising $527,000 to fund an expanded drilling program at the Sherridon project in 2025 [2][3]. Financing Details - The financing raised gross proceeds of $527,000 by issuing 1,550,000 flow-through units at a price of $0.34 per unit [2]. - Each flow-through unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant, with each whole warrant allowing the purchase of a non-flow-through common share at $0.50 for two years [2]. Project Development - The proceeds will enable an expanded drilling program at the Sherridon copper-gold-zinc project in Manitoba, following the recently completed 2024 program [3]. - T2 Metals is fully permitted for drilling at Sherridon until July 2027, targeting both historical mineral resources and untested regional targets [3][5]. Project Location and Access - Sherridon is located in the Flin Flon – Snow Lake Greenstone Belt of Manitoba, known for its significant mining and exploration history [4]. - The project has year-round road access and is situated 70 km from the mining center of Flin Flon, with access to an operational train line [4]. Insider Participation - Certain insiders participated in the offering, purchasing a total of 64,700 flow-through units, which was classified as a "related party transaction" but exempt from formal valuation and minority shareholder approval requirements [5]. Additional Financial Information - A finder's fee of $30,000 was paid on a portion of the financing, and all securities issued are subject to a four-month hold period and regulatory approvals [6].

Core Viewpoint - Two Harbors Investment Corp. (TWO) has experienced a significant decline in share price, losing 10.9% over the past month, which is notably worse than the industry's decline of 2.8% [1] Price Performance - TWO is a Real Estate Investment Trust (REIT) that invests in residential mortgage-backed securities (RMBS) and mortgage loans, offering attractive long-term returns with a high dividend yield of 15.50%, compared to the industry average of 10.13% [2][9] Financial Impact of Interest Rates - The company's financials have been negatively affected by high interest rates, leading to increased borrowing costs and a net interest loss for the nine months ending September 30, 2024 [4] - The book value per share decreased from $15.06 in 2023 to $14.93 in 2024 due to spread risk associated with high rates [5] Rate Cuts and Market Conditions - The Federal Reserve's recent interest rate cuts, including a 25 basis point reduction, are expected to lower mortgage rates, which could improve housing affordability and increase demand in the mortgage market [5][6][7] - More interest rate cuts are anticipated in 2025, which should enhance TWO's net interest spread and portfolio book value [8] Investment Portfolio - TWO's investment portfolio is primarily composed of RMBS with mortgage servicing rights (MSR), providing less exposure to mortgage spread changes while benefiting from spread tightening [12] - The company focuses on maximizing value from MSR assets and is enhancing its portfolio with additional revenue and hedging options [13] Valuation Metrics - From a valuation perspective, TWO's stock is trading at a 12-month trailing price-to-book (P/B) ratio of 0.77, which is below the industry average of 0.86 and lower than peers NLY and AGNC [16] Dividend Considerations - The company has a history of reducing dividends during challenging times, with a 13.33% decline in payouts over the past five years [18]

Core Viewpoint - T2 Metals Corp has received a new drill permit for the Sherridon copper-gold-zinc project, allowing for expanded drilling activities until July 2027, which supports the company's exploration strategy and aligns with Manitoba's Critical Minerals Strategy [2][5]. Group 1: Drill Permit and Project Overview - The new drill permit enables T2 Metals to conduct drilling over a broader area compared to the previous permit granted in 2023, facilitating the proposed 2025 drill program and future programs until July 2027 [2][4]. - The Sherridon project is located in the Flin Flon - Snow Lake Greenstone Belt of Manitoba, known for its significant mining and exploration history, with year-round road access and proximity to the mining center of Flin Flon [3]. Group 2: Recent Drilling Activities - T2 Metals completed a fall 2024 drilling program that tested high-grade copper and gold mineralization at the Cold and Lost prospects, with plans to include the Bob and Park prospects in future drilling [4][5]. - The company aims to follow up on historic mineral resources and explore regional targets that have not been previously drilled [5]. Group 3: Historical Mineral Resource Estimates - An NI 43-101 Technical Report released on November 1, 2024, summarizes historical mineral resource estimates from five unmined deposits within 8 km of each other, including the Park, Jungle, Bob, Cold, and Lost prospects [8]. - The total indicated historical mineral resources amount to approximately 6,552,800 tonnes with an average copper grade of 0.85%, zinc grade of 1.22%, and gold grade of 0.37 g/t [9]. Group 4: Community and Industry Engagement - T2 Metals has expressed gratitude to the Kiciwapa Cree and Mathias Colomb Cree Nations for their support in obtaining permits, highlighting the importance of community relationships in the exploration process [5]. - The company participated in the Central Canada Mineral Exploration Convention (CCMEC), where discussions focused on sustainable mining and the importance of critical minerals like copper, zinc, and nickel for Manitoba's economy [7].

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].

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being unde ...

Group 1 - Two Harbors Investment Corp. (NYSE: TWO) is a mortgage real estate investment trust (mREIT) that is highly sensitive to interest rate movements [1] - The Federal Reserve has implemented its first interest rate cut, which could impact the performance of mREITs like Two Harbors [1]

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]