The Latest from Feb. 20, 2024:
1. Nucor Corporation NUE delighted shareholders by announcing a hefty quarterly cash dividend of
$0.54 per share, payable on May 10, 2024. Shareholders recorded on March 28, 2024, will partake in this lucrative
offering, marking Nucor’s 204th consecutive quarterly dividend.
2. Commercial Metals Company CMC demonstrated astuteness by appointing Dennis V. Arriola to its
Board of Directors, effective March 19, 2024.
Chairman of the Board Barbara R. Smith expressed delight, “We are pleased to welcome
Dennis to our Board of Directors…. His extensive experience in the renewable energy industry will benefit
CMC’s efforts to further evolve an already world-class sustainability platform. In addition, Dennis’s global
perspective gained managing international organizations should offer valuable insights as we continue to create
an unparalleled provider of reinforcement solutions to the domestic and international construction markets.”
3. ZK International Group Co., Ltd. ZKIN displayed strategic prowess by completing the second subscription of its
$5 million total private placement offering from the Bahamas-based CF Opportunity Fund Ltd.
This second investment of $2 million was priced at $1.58 per share or 175% of the closing bid
price the day before the agreement and is aimed at driving accelerated growth for the company.
Chairman and CEO Jiancong Huang commented, “This financing will provide vital capital
to support our growth initiatives and strategic objectives. We look forward to leveraging these funds to drive
long-term value for our shareholders…. Through cutting-edge R&D, strategic expansion and a relentless pursuit
of excellence, we are positioning ZK International for future growth and success.”
4. Foremost Lithium Resource & Technology Ltd. FMST left no stone unturned in its
quest for engagement by joining the Webull Corporate Connect Service (CCS) platform to build an online community
and increase dialogue with its shareholders.
The company’s portal on Webull’s platform provides a direct line of communication to its investor
relations team, and followers are given updates on corporate announcements and press releases.
President and CEO Jason Barnard said, “As one of the largest retail brokerage apps
globally, Webull provides an engaging social experience to its users through the CCS platform, whereby we can
foster an open dialogue with the Webull investor community…. The CCS platform enables us to reach a broader
online audience at a time when a new generation of retail investors are participating in the capital markets
through apps and collaborative technology.”
5. Sayona Mining SYA showcased its foresight by announcing a feasibility study for its Moblan Lithium
Project in Québec, illustrating a post-tax NPV(8%) of C$2.2 billion and potential revenues of C$14.4 billion over
21.1 years.
The project, owned 60% by Sayona and 40% by Investissement Québec, expects an average annual production
of 300,000 tons of lithium concentrate at a grade of 6% Li2O.
The Moblan lithium project in Québec boasts easy access to transportation, a low strip ratio of 2.3:1,
and a high lithium grade of 6% Li2O, positioning it competitively among global lithium mines. Pending regulatory
and financing approval, construction is expected to take two years.
Sayona’s Interim CEO James Brown commented, “We are delighted by the results of this DFS,
which demonstrate that the Moblan Lithium Project is an incredibly strategic and valuable asset for Sayona,
representing one of the single largest hard rock lithium resources in North America.”
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