Core Insights - Warren Buffett's net worth is estimated between $139 billion and $142 billion, while the U.S. population is approximately 335 million [1] - If Buffett distributed $100 to every American, the total cost would be $33.5 billion, leaving him with approximately $105.5 billion [2] - The distribution scenario involves hidden costs such as taxes and market impacts, referred to as the "rake" [2] Financial Implications - Buffett's wealth is primarily tied up in Berkshire Hathaway stock, making it less liquid [3] - To access $34 billion in cash, Buffett would need to sell a significant portion of his stock, which is restricted by SEC regulations [4] - Selling too quickly could negatively impact Berkshire's stock price, further reducing his net worth [4] Tax Considerations - Distributing $100 to each American would not incur taxes for the recipients, but Buffett would face capital gains tax of up to 23.8% when converting stock to cash [5] - This tax could amount to approximately $8.3 billion before any distribution occurs [5] Administrative Challenges - Buffett, as a private citizen, lacks access to government databases like the IRS and Social Security, necessitating investment in administrative logistics for distribution [5]

Core Viewpoint - Aura Minerals Inc. intends to voluntarily delist its common shares from the Toronto Stock Exchange (TSX) following its recent listing on Nasdaq, aiming to consolidate trading in the U.S. equity market and improve stock liquidity [1][2]. Group 1: Delisting Announcement - The company has completed its listing on Nasdaq on July 16, 2025, and is now pursuing the delisting from TSX [2]. - The delisting is subject to review and approval from TSX and the Comissão de Valores Mobiliários (CVM) in Brazil [1]. - The decision considers ongoing fees and expenses associated with maintaining a TSX listing and the availability of an alternative market on Nasdaq [2]. Group 2: Impact on Stakeholders - The change will not affect the rights of holders of Brazilian Depositary Receipts (BDRs) listed on B3, which will continue to be supported by common shares listed on Nasdaq, pending CVM approval [2]. - Aura emphasizes a holistic approach to mining, considering the impacts and benefits to all stakeholders, including shareholders, employees, and communities [3]. Group 3: Company Overview - Aura Minerals focuses on the development and operation of gold and base metal projects in the Americas, with five operating assets including gold and copper mines in Honduras, Brazil, and Mexico [4]. - The company also owns several gold projects in Guatemala, Colombia, and Brazil, with varying stages of development [4].

Company Overview - Cabral Gold Inc. is a junior resource company focused on the identification, exploration, and development of mineral properties, primarily gold properties in Brazil [4] - The company holds a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region of Pará, Brazil, which has defined three main gold deposits [4] Resource Estimates - The Cuiú Cuiú project contains National Instrument ("NI") 43-101 compliant Indicated resources of 12.29 million tonnes (Mt) at 1.14 grams per tonne (g/t) gold, totaling approximately 450,200 ounces [4] - Additionally, it has Indicated resources of 11.11 Mt at 0.48 g/t gold, amounting to about 171,883 ounces [4] - Inferred resources include 13.63 Mt at 1.04 g/t gold (approximately 455,100 ounces) and 12.22 Mt at 0.39 g/t gold (about 151,608 ounces) [4] Market Listing - Cabral Gold's common shares have begun trading on the OTCQB marketplace under the symbol "CBGZF," while continuing to trade on the TSX Venture Exchange under the symbol "CBR" [1][2] - The listing on OTCQB is expected to enhance visibility and liquidity for US investors, facilitating easier access to Cabral shares [2][3] CEO Statement - Alan Carter, CEO of Cabral, emphasized that the OTCQB listing will introduce the company to a larger audience and improve stock liquidity, which is crucial for the company's development [3] - He noted the importance of the US market for accessing larger pools of capital [3] Historical Context - The Tapajós Gold Province experienced the largest gold rush in Brazil's history, producing an estimated 30 to 50 million ounces of placer gold from 1978 to 1995 [5] - Cuiú Cuiú was the largest area of placer gold workings in the Tapajós, historically producing around 2 million ounces of placer gold [5]