LONDON, April 30, 2024 /PRNewswire/ —

Tetragon has released its Monthly Factsheet for March 2024.

– Net Asset Value: $ 2,830m
– Fully Diluted NAV Per Share: $31.05
– Share Price (TFG NA): $9.88
– Monthly NAV per share total return: 0.7%
– Monthly Return on Equity: 1.2%
– Most recent quarterly dividend: $0.11
– Dividend yield: 4.5%

Please refer to important disclosures on page five of the Monthly Factsheet.

Please click below to access the Monthly Factsheet.

March 2024 Factsheet

About Tetragon:

Tetragon is a Guernsey closed-ended investment company. Its non-voting shares are listed on Euronext in Amsterdam, a regulated market of Euronext Amsterdam N.V., and also traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange. Our investment manager is Tetragon Financial Management LP. Find out more at www.tetragoninv.com.

Tetragon’s non-voting shares are subject to restrictions on ownership by U.S. persons and are not intended for European retail investors.

Please see: https://www.tetragoninv.com/shareholders/additional-information.

Tetragon Investor Relations:
Yuko Thomas
[email protected]

Press Inquiries:
Prosek Partners
[email protected]
U.K. +44 20 3890 9193
U.S. +1 212 279 3115

This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities of Tetragon have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons unless they are registered under applicable law or exempt from registration. Tetragon does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States. In addition, Tetragon has not been and will not be registered under the U.S. Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. Tetragon is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act as a collective investment scheme from a designated country.    

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USA News Group Commentary

VANCOUVER, BC, April 30, 2024 /PRNewswire/ — Coming off a major market correction in 2023 down from 2-2022’s record highs, the lithium market is primed for a rebound in 2024. Analysts at MorningStar using data shared from Platts, LME, Benchmarked Minerals, Fastmarkets, and MorningStar itself are forecasting lithium prices to stabilize and rise in 2024, and to nearly double from $17,000 to $30,000 per metric ton from 2023 to 2030. As the Electric Vehicle (EV) market moves towards a projected $1.66 trillion by 2030, lithium demand is expected to triple from 2022 levels over that time. Today with more than 65% of the world’s lithium reserves, it’s in Latin America where some of the most promising new projects are still under development, including from Lithium South Development Corporation (TSXV: LIS) (OTCQB: LISMF), POSCO Holdings Inc. (NYSE: PKX), American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI), Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML), and Atlas Lithium Corporation (NASDAQ: ATLX).

As an integral part of the prolific Lithium Triangle, Argentina is on pace to become a Top 3 Lithium Producer status by 2027. One of the more prominent developing stories within Argentina’s Salta Province is the Hombre Muerto North Lithium (HMN Li) project, 100% owned by Lithium South Development Corporation (TSXV: LIS) (OTCQB: LISMF) which late last year produced a newly upgraded NI 43-101 technical report, revealing a remarkable 175% increase in its lithium resource to more than 1.58 million tonnes of lithium carbonate equivalent.

Based on this newly defined N.I. 43-101 lithium resource, Lithium South has just completed a Preliminary Economic Assessment (PEA). This technical and financial evaluation was based upon a potential 15,600 tonne per year lithium carbonate technical grade operation. The envisioned mining facility would use industry standard solar evaporation to extract the lithium. The financial model looked impressive with a after tax Net Present Value of US$938 million, an after-tax Internal Rate of Return of 31.6% and a short 2.5-year payback.

This year has started off with an interesting development between Lithium South and POSCO Argentina SAU, a wholly owned subsidiary of Korean giant, POSCO Holdings Inc. (NYSE: PKX). A key southern portion of the HMN Li Project, the Norma Edith and Viamonte contiguous claim group, is located in a zone of dual jurisdiction between Catamarca and Salta Provinces. POSCO has the Catamarca side and Lithium South has the Salta side. To facilitate development of the area, POSCO and Lithium South have agreed to share brine production from this area on a 50/50 basis. The area may offer the ability for Lithium South to substantially increase the overall potential size of the HMN Li Project. We are awaiting drilling to start in this area.

At the Alba Sabrina claim block, a 400 meter deep pumping well has just been completed. The next step is a long term pump test which is currently underway. Early indications are that the well may offer high productivity. The well was described by the company as exhibiting strong artesian characteristics, which means the brine is flowing out on its own. This hole will be very important in establishing the project viability.

Outside of the Lithium Triangle are still other promising projects in Latin America, including the Falchani lithium project in Peru developed by American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI). Earlier in January 2024, Reuters reported the Falchani’s project value had tripled from the previous forecast to $5.11 billion and that it would have a potential operating life of 32 years.

“The very large increase in NPV combined with a low initial capex and robust economics in the updated PEA for Falchani are the culmination of successful work programs at site and flow sheet optimization over the last couple of years combined with an improved lithium pricing environment,” said Simon Clarke, CEO of American Lithium in the Updated PEA Falchani highlights press release. “We are also extremely pleased to now include the compelling strategic and economic value proposition of adding SOP fertilizer and cesium sulfate by-products to the robust economic potential of core, high purity lithium production at Falchani. This PEA update is a major step towards completion of pre-feasibility work.”

In Brazil, Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML) ended 2023 on a high note, announcing its fifth shipment of 22,000 tonnes of what they call “the most environmentally sustainable lithium in the world” from their Greentech Plant which is operating at its design capacity of 270,000 tonnes per year. The initial buyer of Sigma’s lithium is mining giant Glencore which prepaid 50% of the shipment’s value upon completion of loading, reflecting the load’s provisional premium price for the operation’s unique Quintuple Zero Green Lithium concentrate. Sigma followed this up by signing a letter of intention (LOI) for development bank debt of approximately US$100 million to fund construction of its fully licensed second Greentech Industrial Lithium Plant.

“Despite the recent deterioration in the outlook for lithium demand for the short term, the Company believes that with the appropriate capital structure enabled by this development bank financing, it has a unique opportunity to solidify its global industrial competitive leadership in producing low cost and sustainable pre chemical lithium concentrate,” said Sigma CEO and Co-Chairman, Ana Cabral-Gardner.

Set to join Sigma as a Brazilian lithium producer in the near future is Atlas Lithium Corporation (NASDAQ: ATLX), which back in December 2023 reported was fully funded to first production in 2024. This came through gaining commitments with two top lithium chemical companies: Chengxin Lithium Group and Yahua Industrial Group, suppliers of lithium hydroxide to Tesla, BYD, and LG, among others. Goldman Sachs served as financial advisor to Atlas Lithium through these transactions.

Atlas would go on to kick off 2024 by intersecting high-grade lithium mineralization at its Neves Project, including 1.96% Li2O over 3.4m.

“We remain very encouraged by both the widths and grades coming out of our latest drilling campaign results,” said James Abson, Atlas Lithium’s Chief Geology Officer. “The recently discovered Anitta 4 mineralized pegmatite cluster is also starting to become more cohesive, with at least two parallel mineralized dikes now being delineated within the swarm. These latest intersects continue to expand the pegmatite body in both down-dip and along-strike orientations.”

Source: https://usanewsgroup.com/2023/10/18/the-lithium-race-to-power/ 

CONTACT:
USA NEWS GROUP
[email protected]
(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. The contents of this advertisement were reviewed by Mr. William Feyerabend, a Consulting Geologist and Qualified Person as defined under National Instrument 43-101. Mr. Feyerabend approves of the scientific and technical disclosure pertaining to Lithium South contained within this advertisement. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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JACKSONVILLE, Fla., April 30, 2024 /PRNewswire/ — Medius, a leading global provider of cloud-based accounts payable (AP) automation and spend management solutions, and SourceDay, a leading supply chain collaboration platform transforming procurement, have announced their official partnership. The collaboration brings unparalleled operational efficiency and control to the Procure-to-Pay (P2P) cycle for discrete manufacturers and distributors worldwide.

By combining SourceDay’s best-in-class supplier engagement and purchase order (PO) lifecycle capabilities with Medius’ advanced AI-driven invoice management solutions, this partnership delivers a first-of-its-kind alliance for optimizing end-to-end P2P performance.

Benefits of the combined Medius and SourceDay solution include:

• Highest industry PO matching through 100% ERP data accuracy and advanced 3-way match rates yields fully autonomous, touchless invoice processing for both PO and non-PO invoices.
• Up to 80% efficiency gains for buyers through streamlined supplier collaboration, enabling up to 96% on-time delivery and scale without adding headcount.
• Up to 99.7% autonomous invoice processing of PO-backed invoices; up to 94.9% Autonomous Processing of non-PO invoices, eliminating manual intervention.
• Anomaly detection capabilities enhance fraud prevention and fill gaps in existing processes, establishing a more secure and reliable financial operation.
• Real-time notifications within workflow environments reduce platform-switching for buyers, enhancing operational efficiency.

“At Medius, we’re dedicated to empowering our customers with the best-in-class solutions, and our collaboration with SourceDay does exactly that,” said Jim Lucier, CEO of Medius. “One of the goals of any finance organization is having better supplier relationships that allow the business to get materials on time and then pay for them with minimal impact on the business. That’s what this partnership is all about.”

“Our partnership with Medius represents an unprecedented step forward in improved efficiency throughout the PO lifecycle to payment, helping customers achieve a higher level of operational and financial performance,” stated Tom Kieley, CEO of SourceDay. “The SourceDay and Medius collaboration not only optimizes procurement and payment processes, but significantly strengthens both supplier performance and reliability and reduces risk, setting the new standard for supply chain excellence and financial transparency in the industry.”

“SourceDay’s collaboration with Medius creates a significant advancement in direct material procure-to-pay,” said Xavier Olivera, Senior Analyst, Spend Matters. “This strategic partnership is poised to enhance accuracy and speed in managing the purchase order lifecycle, ensuring accurate, up-to-date ERP data, better on-time delivery, and more precise invoicing and alignment with final purchase orders for fully autonomous invoice processing. Especially advantageous for organizations in industries dealing with direct material, this collaboration amplifies operational efficiency and accuracy.”

The SourceDay and Medius partnership is now active, with solutions available to all current and prospective customers. For more information, please visit medius.com or sourceday.com.

For more information, please contact:
Dan Bird, Fight or Flight for Medius
[email protected], +44 7885 670798 / [email protected], +44 330 133 0985

Amy Crow at SourceDay, [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/medius/r/medius-and-sourceday-join-forces-to-revolutionize-procure-to-pay-operations,c3971135

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