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Vedanta Limited: Consolidated Results for the Fourth Quarter and Full Year ended 31st March 2021



MUMBAI, India, May 13, 2021 /PRNewswire/ — Vedanta Limited today announced its audited consolidated results for the fourth quarter (Q4) and full year ended 31st March 2021 (FY2021).

Financial Highlights

Q4 FY2021


– EBITDA up by 88% Y-o-Y to ₹ 9,107 crore

– Robust EBITDA margin1 of 38%

– Att. PAT (before exceptional items) at ₹ 7,013 crore

– EBITDA up by 30% Y-o-Y, at ₹ 27,341 crore

– Robust EBITDA margin1 of 36%

– Att. PAT (before exceptional items) at ₹ 12,151 crore

Other Financial Highlights FY2021

– Improved double-digit ROCE at c.19%

– ND/EBITDA at 0.9x, maintained at low level

– Net Debt at ₹ 24,414 crore, reduction of 32% compared to 31st December 2020

– Strong liquidity position with total cash & cash equivalent at ₹ 32,614 crore

– Contribution to the ex-chequer of ₹ 35,018 crore

Operational Highlights FY2021

– Zinc India

– Record ore production of 15.5 million tonnes despite disruptions on account of the pandemic 

– Highest ever mined metal production of 972kt, up 6% Y-o-Y

– Record Silver production of 706 tonnes

– Zinc International:

– Gamsberg record production volume at 145 kt in FY2021, up by 34% Y-o-Y

– Gamsberg cost of production at $1,288/t, down 11% Y-o-Y

– Oil & Gas:

– Average gross operated production of 162 kboepd for FY2021, down 6% Y-o-Y

– 74 wells hooked up during FY2021

– New gas processing terminal commissioned; ramp up underway expected to add ~ 15 kboepd by Q1 FY2022

– Aluminium & Power:

– Highest ever Aluminium production of 1,969kt, with 2.1 Mtpa run rate achieved in Q4

– Highest ever Alumina production at 1,841 kt, up 2% Y-o-Y

– Lowest cost of production in last 7 years at US$ 1,347 per tonne, 20% lower Y-o-Y

– Iron Ore:

– Production of saleable ore at Karnataka at 5 million tons, up 15% Y-o-Y

– Iron ore sales in Goa at 2.1 million tonnes in FY2021

– Continued engagement with the Stakeholders for resumption of Goa mining

– Steel:

– Steel production at 1.19 million tonnes, down 4% due to covid lockdown

– EBITDA Margin at $95/t, up by ~23%

– Copper India:

– Due legal process is being followed to achieve a sustainable restart of the operations

Mr Sunil Duggal, Chief Executive Officer, Vedanta, said “We are delighted to announce an outstanding quarter. Our key businesses delivered record operational performance, maintaining the trajectory of cost and volumes, driven by structural integration and technology adoption. Our businesses have shown resilience in uncertain market environment as we continue with our winning streak, reporting the highest ever quarterly EBITDA. We are fully supporting our employees, partners, and communities to navigate through these tough times. We are well on our path to execute on strategic priorities to maximize value for stakeholders”

Consolidated Financial Performance

The consolidated financial performance of the company during the period is as under:














 Net Sales/Income from operations 









 Other Operating Income 


















 EBITDA Margin1






 Finance cost 









 Investment Income 









 Exchange gain/(loss) – (Non operational) 






 Profit before Depreciation and Taxes  








 Depreciation & Amortization 









 Profit before Exceptional items 








 Exceptional Items Credit/(Expense)2






 Profit Before Tax







 Tax Charge/ (Credit) 







 Tax on Exceptional items/ (Credit) 






 Profit After Taxes 







 Profit After Taxes before exceptional items 







 Minority Interest 








 Attributable PAT  







Attributable PAT before Exceptional Items






 Basic Earnings per Share (₹/share) 







 Basic EPS before Exceptional items 






 Exchange rate (₹/$) – Average 









 Exchange rate (₹/$) – Closing 










1.  Excludes custom smelting at Copper India and Zinc India operations

2.  Exceptional Items Gross of Tax

3.  Previous period figures have been regrouped or re-arranged wherever necessary to conform to current period’s presentation


Revenue for Q4 FY2021 was at ₹ 27,874 crore, higher 24% Q-o-Q & 43% Y-o-Y, primarily due to higher volume at Aluminium business, Zinc India, Iron ore business, higher power sales at TSPL and improved commodity prices.

Revenue for FY2021 was at ₹ 86,863 crore, higher 4%, mainly due to higher volume at Zinc India, Aluminium business, Iron ore & Steel business, higher commodity prices & rupee depreciation in FY2021. This was partially offset by lower volumes at Oil & Gas and Skorpion mine being under care and maintenance, lower power sales at TSPL and lower oil prices.


EBITDA for Q4 FY2021 was at ₹ 9,107 crore, higher 18% Q-o-Q & 88% Y-o-Y, primarily due to higher volumes at Zinc India, Aluminium & Iron Ore business and higher commodity & oil prices in Q4 FY2021, partially offset by higher COP at Aluminium and steel business majorly due to input commodity inflation.

EBITDA for the FY2021 was at ₹ 27,341 crore, higher 30%, mainly on account of higher volume at Zinc India, Aluminium & Iron Ore business and structural reduction in COP at Aluminium business. This was partially offset by lower oil prices and lower volumes at Oil & Gas business. 

We had a robust EBITDA margin1 of 36% for the year (FY 2020: 29%)

Depreciation & Amortization

Depreciation & amortisation for Q4 FY2021 was at ₹ 2,054 crore, higher 7% Q-o-Q, primarily due to higher volume & projects capitalization at Zinc India and capitalization of pots in Aluminium business.

Depreciation & amortisation for Q4 FY2021 was lower by 9% Y-o-Y, primarily on account of lower charge at Oil & Gas business due to impairment of assets in Q4 FY2020, lower charge at Zinc International due to Skorpion mines under care and maintenance, partially offset by higher depreciation charge at Zinc India on account of higher ore production and additional capitalisation.

Depreciation & amortisation for FY2021 was at ₹ 7,638 crore, lower 16%, primarily on account of lower charge at Oil & Gas business due to impairment of assets in Q4 FY2020, lower charge at Zinc International due to Skorpion mines under care and maintenance, partially offset by higher depreciation charge at Zinc India on account of higher ore production and additional capitalisation.

Finance Cost and Investment Income

Finance cost for Q4 FY2021 was at ₹ 1,325 crore, flat Q-o-Q, higher interest cost due to lower interest capitalisation offset by repayment of borrowings.

Finance cost for Q4 FY2021 higher 24% Y-o-Y, primarily due to lower interest capitalisation.

Finance cost for FY2021 was at ₹ 5,210 crore, higher 5%, primarily due to lower interest capitalisation.

Investment Income for Q4 FY2021 was at ₹ 860 crore, higher 12% Q-o-Q & 41% Y-o-Y, primarily due to increase in interest income with a change in mix of investments.

Investment Income for FY2021 was at ₹ 3,269 crore, higher 34%, primarily due to increase in interest income with a change in mix of investments partially offset by lower investment corpus.

Exceptional Items

Exceptional items for Q4 FY2021 was at ₹ 773 crore, primarily due to provision in Steel business for obtaining environmental clearance, provision against advances, settlement of structured investments and CWIP impairment in Aluminium.

Exceptional items during FY2021 were ₹ 678 crore which pertains to provision in Steel business for obtaining environmental clearance, provision against advances, settlement of structured investments and CWIP impairment partly offset by RPO liability reversal in Aluminium.


Tax credit for Q4 FY2021 stood at ₹ 1,886 crore (Q3 FY2021: Tax charge of ₹ 1,186 crore). The normalized ETR is 28% (excluding tax on exceptional items and deferred tax asset of ₹ 3,111 crore recognized on carry forward losses in ESL) compared to 27% in Q3. The normalized ETR for Q4 FY2020 was 49%.

The normalized ETR for FY2021 is 27% (excluding tax on exceptional items, tax on intra group dividend and deferred tax asset of ₹ 3,111 crore recognized on carry forward losses in ESL) compared to 34% in FY2020 which is primarily on account of change in profit mix and adoption of new tax regime in one of the major subsidiaries.

Attributable Profit after Tax and Earnings per Share (EPS)

Attributable Profit after Tax (PAT) before exceptional items for the quarter was at ₹ 7,013 crore

For FY2021, Attributable Profit after Tax (PAT) before exceptional items was at ₹ 12,151 crore.

EPS for the year before exceptional items was at ₹ 32.80 per share compared to ₹ 10.78 per share in FY2020.

Balance Sheet

We have robust cash and cash equivalents of ₹ 32,614 crore. The Company follows a Board-approved investment policy and invests in high quality debt instruments with mutual funds, bonds and fixed deposits with banks. The portfolio is rated by CRISIL, which has assigned a rating of “Tier-I” (implying Highest Safety) to our portfolio. Further, the Company has undrawn committed facilities of c. ₹ 7800 crore as on March 31, 2021.

Gross debt was at ₹ 57,028 crore on 31st March 2021, decreased by ₹ 2,159 crore Y-o-Y. This was mainly due to repayment of debt at Aluminum and Zinc Business.

Net debt was at ₹ 24,414 crore on 31st March 2021, higher by ₹ 2,988 crore Y-o-Y, primarily driven by dividend payment during the year and inter-company loan (ICL) to VRL, partially offset by strong cash flow from operations post capex.

  • CRISIL Ratings at AA- with stable outlook
  • India Ratings at AA- with stable outlook

Key Recognitions

Vedanta has been consistently recognized through the receipt of various awards and accolades. During the past quarter, we received the following recognitions:

  • Hindustan Zinc ranked 1st position in Asia Pacific Region in metals and mining sector and 7th Globally in Environment by the Dow Jones Sustainability Index 2020.
  • Hindustan Zinc recognized as ‘A’ rated company for Climate Change CDP (Carbon Disclosure Project) is among the top 2 companies in metals and mining sector across the globe along with Anglo American Platinum.
  • Hindustan Zinc Evolve E-commerce portal received “Best E-commerce Technology Innovation” award at 21st Inflection Conference Awards 2020.
  • Hindustan Zinc Dariba and Chanderiya Captive Power Plant received “Water Optimization Award 2020” in the category of Best water efficient plant <=500 MW & Best Zero Liquid discharge plant.
  • Hindustan Zinc identified as “Responsible Business of the Year” and awarded with Grant Thornton SABERA Award 2020 for community development.
  • Cairn Oil & Gas Midstream received British Safety Council, “Sword of Honor”
  • Cairn Oil & Gas Won TechCircle Business Transformation Awards 2020 for Excellence in Digital Execution for Quality Transformation for the “Next Generation Workplace – Office 365”
  • Cairn Oil & Gas Won Sustainability 4.0 Award, the leaders awards under the mega large business category and the first runner-up award under the Jury special Mention award on “Recycling of Produced water for Injection Purpose”.
  • Vedanta Ltd, Jharsuguda plant received National Energy Conservation Award for Operational Excellence by Bureau of Energy Efficiency, Govt of India
  • Vedanta Ltd, Jharsuguda plant received Greentech Safety Award 2020 and Greentech Sustainability Award 2020 for Operational Excellence.
  • Balco received Golden Peacock Award for Sustainability for Operational Excellence.
  • Balco Won Gold Medal at the National Awards for Manufacturing Competitiveness 2019-20 for Operational Excellence.
  • Vedanta Aluminium and Power Business received “Gold Award” in Marketing communication for Aluminium and Internal communication for Social Media Brand Ambassadors Program at 11th India PR & Corporate Communication (IPRCCA) Awards.
  • ESL Steel won Greentech Safety Award for Corona Protection Initiatives.

Results Conference Call

Please note that the results presentation is available in the Investor Relations section of the company website

Following the announcement, there will be a conference call at 6:30 PM (IST) on May 13, 2021, where senior management will discuss the company’s results and performance. The dial-in numbers for the call are as below:

For further information, please contact:

Investor Relations

Varun Kapoor

Director – Investor Relations


Raksha Jain

Manager – Investor Relations



Tel:  +91 124 476 4096

[email protected]


Ms. Roma Balwani

Director – Communications and Brand



Tel: +91 11 4916 6250

[email protected]

About Vedanta Limited

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa, Namibia, and Australia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta’s strategy, with a strong focus on health, safety, and environment. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. Under the aegis of Vedanta Cares, the flagship social impact program, Nand Ghars have been set up as model Anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Vedanta and its group companies have been featured in Dow Jones Sustainability Index 2020, and were conferred Frost & Sullivan Sustainability Awards 2020, CII Environmental Best Practices Award 2020, CSR Health Impact Award 2020, CII National Award 2020 for Excellence in Water Management, CII Digital Transformation Award 2020,  ICSI National Award 2020 for excellence in Corporate Governance, People First HR Excellence Award 2020,  ‘Company with Great Managers 2020’ by People Business  and certified as a Great Place to Work 2021. Vedanta’s flagship Nand Ghar Project was identified as best CSR project by the Government of Rajasthan.  Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.

 For more information, please visit

Vedanta Limited

Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai – 400 099

Registered Office:

Regd. Office: 1st Floor, ‘C’ wing, Unit 103,
Corporate Avenue, Atul Projects,
Chakala, Andheri (East),
Mumbai – 400 093
CIN: L13209MH1965PLC291394


This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

SOURCE Vedanta Limited

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Purepoint Uranium Initiates Drilling at Their Umfreville Project



TORONTO, June 24, 2021 /PRNewswire/ – Purepoint Uranium Group Inc. (TSXV: PTU) (“Purepoint” or the “Company“) today announced the commencement of a drill program at the 100%-owned Umfreville uranium project which lies on the northeastern edge of the Athabasca Basin, Saskatchewan Canada.

“We have performed airborne geophysical surveys followed by geochemical surveys over select areas at Umfreville and feel we have identified a high priority target for potential uranium deposition” said Scott Frostad, Purepoint’s VP Exploration. “As this is the first drill program on this project, we will be starting with an exploratory diamond drill hole designed to gain a better understanding of the underlying geology and to further evaluate and prioritize the project’s potential for discovery.”


  • The 100%-owned Umfreville project consists of 7 claims totaling 18,273 hectares on the northeastern edge of Canada’s Athabasca Basin
  • The Company is planning an initial hole of diamond drilling totaling 400 metres followed by a second hole of equal length if time allows
  • The primary target zone appears to be a splay of the Fond du Lac Fault as evidenced by coincident magnetic and gravity low responses
  • Regional soil samples returned high level uranium anomalies associated with the primary target zone
  • A Technical Report on the Umfreville project can be obtained from the Company’s web site
  • A video tour of the Umfreville project can be viewed at

Umfreville Project

The 100%-owned Umfreville project consists of 7 claims totaling 18,273 hectares on the northeastern edge of Canada’s Athabasca Basin. Exploration conducted by Purepoint on the Umfreville project has included an airborne Megatem electromagnetic (EM) and magnetics survey, an airborne Very Low Frequency (VLF) EM survey, an airborne gravity gradiometry survey, and soil geochemical sampling.

Airborne MEGATEM data covering the Umfreville project was processed using a layered-earth inversion (LEI) program and identified what is now believed to be a conductive layer within the Athabasca sandstone. The thin conductive layer within the sandstone is thought to be preventing the EM survey from properly reaching the basement rocks and identifying graphitic conductors. Reconstruction of the conductivity depth sections highlighted deep narrow conductors that are considered to show areas where the conductive layer is absent from the sandstone, the sandstone has been structurally disrupted, or the presence of very strong basement conductors.

The airborne gravity survey provided a response considered to reflect basement geology. The results also indicated the presence of fault systems not previously seen and supported fault systems that were interpreted from magnetic features.  Our primary exploration target is a strong elongate gravity low response within the central portion of the survey area that is coincident with a magnetic low and the interpreted source area of a Geological Survey of Canada (1979) lake bottom sediment sample that returned anomalous uranium.

Soil geochemical surveys that collected a total of 383 organic A1 soil horizon samples covered the prospective gravity low / magnetic low response of the primary target zone. Assay results for vanadium, and to a lesser degree boron, showed anomalous trends similar to the uranium anomalies but the trends are parallel rather than coincident. The results for nickel, molybdenum and cobalt appear to have anomalous north-south trends that may be influenced by an underlying crosscutting structure as suggested by the airborne magnetic results.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) actively operates an exploration pipeline of 12 advanced projects in Canada’s Athabasca Basin, the world’s richest uranium region. Purepoint’s flagship project is the Hook Lake Project, a joint venture with two of the largest uranium suppliers in the world, Cameco Corporation and Orano Canada Inc.  The Hook Lake JV Project is on trend with recent high-grade uranium discoveries including Fission Uranium’s Triple R Deposit and NexGen’s Arrow Deposit and encompasses its own Spitfire discovery (53.3% U3O8 over 1.3m including 10m interval of 10.3% U3O8). Together with its flagship project, the Company’s projects stretch across approximately 185,000 hectares of claims throughout the Athabasca Basin.  These claims host over 20 distinct and well-defined drill target areas with advanced geophysical surveys completed, and in some cases, have had first pass drilling performed.

Scott Frostad BSc, MASc, PGeo, Purepoint’s Vice President, Exploration, is the Qualified Person responsible for technical content of this release.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

SOURCE Purepoint Uranium Group Inc.

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NexGen to List on the Australian Securities Exchange



VANCOUVER, BC, June 24, 2021 /PRNewswire/ – NexGen Energy Ltd. (“NexGen” or the “Company“) (TSX: NXE) (NYSE: NXE) is pleased to announce that it has filed a prospectus with the Australian Securities and Investments Commission (“ASIC”) in connection with NexGen’s application for admission to the Australian Securities Exchange (“ASX”) as a Foreign Exempt Listing and quotation of its shares as Chess Depositary Instruments (“CDIs”) on July 2, 2021 under the code “NXG“.

Leigh Curyer, Chief Executive Officer, commented: “NexGen has grown a substantial investor following in Australia and the Asia Pacific region since its founding in 2011. At present, approximately 30% of the NexGen’s outstanding share capital is held by investors in the region. Given the stage of the Company’s development, the exceptional economic strength of the Rook I Project, and the accelerating demand for the responsible production of clean energy worldwide, it is time to broaden the exposure of NexGen through a dual listing onto the ASX.  The ASX is a significant resource bourse and has substantial capital pools which are limited or restricted to only ASX-listed issuers.  The ASX dual listing is complimentary to NexGen’s current TSX and NYSE listings and the Company’s highly strategic positioning within the resource space will translate well onto the ASX providing additional investor interest and liquidity.  NexGen is well financed with over $200 million in cash in the treasury enabling the Company to fund its planned activities through this exciting stage of final permitting and towards construction.

Further, NexGen is in the final stages of preparing for a 2021 exploration program at Rook I. This program will focus on known highly prospective targets incorporating extensive geological data sets and surveys accumulated over the last 10 years. The Patterson Corridor alone on the Rook I Property that hosts the Arrow Deposit, has over 90% yet to be explored. In addition, the Rook I property hosts an additional 8 known corridors running parallel to the east of the Patterson which are all yet to be drilled. The proposed exploration program is scheduled to commence in the coming months incorporating and subject to the exploration, health and safety protocols administered by the Provincial Government and Health Authority.”

Max Cunningham – Executive General Manager, Listings, Issuer Services & Investment Products, Australian Securities Exchange commented: “We look forward to welcoming NexGen to ASX, where it will join some of the world’s largest resource companies and benefit from direct access to Australia’s deep capital pool. The listing comes at a time of heightened interest and activity in the sector and will be our largest listing (by market capitalisation) in the resources space since 2018.”

NexGen is issuing 400,000 shares to be broadly distributed to Australian investors as part of the ASX listing in order to provide for orderly trading.

ASX uses an uncertificated electronic system called CHESS for the clearance and settlement of trades on ASX. NexGen is incorporated in British Columbia and the requirements of British Columbian laws that registered shareholders have the right to receive a stock certificate do not permit the CHESS system of holding uncertificated securities. Accordingly, to enable NexGen to have its securities cleared and settled electronically through CHESS, depositary instruments called CDIs are issued. CDIs represent the beneficial interest in the underlying common share in NexGen and are traded in a manner similar to shares in an Australian company listed on ASX. Each CDI will be equivalent to one Share.

The ASX Listing remains subject to ASX approval and NexGen satisfying ASX’s admission requirements.

A copy of the prospectus in respect of the Listing is available on NexGen’s website at

About NexGen

NexGen is a British Columbia corporation with a focus on developing the Rook I Project located in the southwestern Athabasca Basin, Saskatchewan, Canada into production. Rook I hosts the Arrow Deposit that hosts Measured Mineral Resources of 209.6 M lbs of U3O8 contained in 2.18 M tonnes grading 4.35% U3O8, Indicated Mineral Resources of 47.1 M lbs of U3O8 contained in 1.57 M tonnes grading 1.36% U3O8, and Inferred Mineral Resources of 80.7 M lbs of U3O8 contained in 4.40 M tonnes grading 0.83% U3O8.  Arrow’s development is supported by a NI 43-101 compliant Feasibility Study which outlines industry leading ‘next generation’ designs implementing elite environmental performance as well as industry leading strong economics. 

NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.  The Company is the recipient of the 2018 PDAC Bill Dennis Award for Canadian mineral discovery and the 2019 PDAC Enviornmental and Social Responsibility Award.

Technical Disclosure

The technical information in this news release with respect to the FS has been reviewed and approved by Mark Hatton, P.Eng. of Stantec, Paul O’Hara, P.Eng. of Wood, and Mark B. Mathisen, C.P.G. of RPA, each of whom is an independent “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101“). 

All technical information in this news release has been reviewed and approved by Anthony (Tony) George, P.Eng, NexGen’s Chief Project Officer, who is a qualified person under National Instrument 43-101.

A technical report in respect of the FS will be filed on SEDAR ( and EDGAR ( shortly.

Cautionary Note to U.S. Investors

This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves, and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission (“SEC“) set the SEC’s rules that are applicable to domestic United States reporting companies.   Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC  Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

Forward-Looking Information

The information contained herein contains “forward-looking statements” within the meaning of applicable United States securities laws and regulations and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.  Statements relating to “mineral resources” are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen’s business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company’s title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen’s Annual Information Form dated March 11, 2020 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen’s 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at and Edgar at    

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended.   Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

SOURCE NexGen Energy Ltd.

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Global Home Energy Management Systems Market (2021 to 2026) – Industry Trends, Share, Size, Growth, Opportunity and Forecasts



DUBLIN, June 24, 2021 /PRNewswire/ — The “Home Energy Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to’s offering.

The global home energy management systems market reached a value of US$ 2.18 Billion in 2020. Home energy management system is a smart electronic device that is used to manage the consumption of energy in households. This device enables the homeowners to efficiently monitor their energy requirements and to get an individual appliance’s electricity consumption pattern and power consumption data.

The hardware part of the system includes a hub which can be mounted on an electrical board. The hub mediates between the software and the user, and can be operated virtually through a wireless device. It can also be connected to other smart devices at home. The software part of the system allows the user to monitor and customize the usage. It can be accessed through apps and web portals. The HEMS interface can be specific to the effectiveness of the performance of the system or it can be dedicated to the mobility of the device. Some of the basic functions of the device include monitoring the usage of electricity, management of backup with the help of battery storage, and efficient use of solar energy.

Catalyzed by rising awareness among consumers towards the sustainable use of energy resources, a strong growth has been witnessed in the demand of energy-efficient appliances and home energy management systems. Consumers are realizing that these systems are not only helping in reducing energy expenses, but are also playing a major part in making the available energy resources more sustainable. Other major factor driving the home energy management systems market include rising penetration of the internet across both developed and developing economies, increasing role of Internet of Things (IoT) and Big Data in energy management, growing market for smart homes, etc. Looking forward, the publisher expects the global home energy management systems market to exhibit strong growth during the next five years.

The competitive landscape of the market has also been examined with some of the key players being Honeywell International, Inc., Nest Labs, Inc., Vivint, Inc., General Electric Company, Ecobee, Inc., Alarm.Com, Comcast Cable (Xfinity), Panasonic Corporation, Ecofactor, Inc. and Energyhub, Inc.

This report provides a deep insight into the global home energy management systems market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the home energy management systems industry in any manner.

Key Questions Answered in This Report:
1. What is the market size for the global home energy management system market?
2. What is the global home energy management system market growth?
3. What are the global home energy management system market drivers?
4. What are the key industry trends in the global home energy management system market?
5. What is the impact of COVID-19 on the global home energy management system market?
6. What is the global home energy management system market breakup by product type?
7. What are the major regions in the global home energy management system market?
8. Who are the key companies/players in the global home energy management system market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Home Energy Management Systems Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Communication Technology
5.6 Market Breakup by Software & Service
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.11 Porters Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes

6 Market Breakup by Product Type
6.1 Lighting Controls
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Self-Monitoring Systems and Services
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Programmable Communicating Thermostats
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Advanced Central Controllers
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Intelligent HVAC Controllers
6.5.1 Market Trends
6.5.2 Market Forecast

7 Market Breakup by Communication Technology
7.1 Z-Wave
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Zigbee
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Wi-Fi
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by Software & Service
8.1 Behavioral
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Proactive
8.2.1 Market Trends
8.2.2 Market Forecast

9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast

10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Honeywell International, Inc.
10.3.2 Nest Labs, Inc.
10.3.3 Vivint, Inc.
10.3.4 General Electric Company
10.3.5 Ecobee, Inc.
10.3.6 Alarm.Com
10.3.7 Comcast Cable (Xfinity)
10.3.8 Panasonic Corporation
10.3.9 Ecofactor, Inc.
10.3.10 Energyhub, Inc.

For more information about this report visit

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

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Surge Copper Announces Appointment of Director



VANCOUVER, BC, June 24, 2021 /PRNewswire/ –  Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce that as part of its ongoing board renewal initiative, it has appointed Leif Nilsson to the Board of Directors effective immediately.

Dr. Shane Ebert, President and Director, commented: “We are delighted to welcome Leif to the Surge Board. Since being recruited to the CEO role earlier this year, he has done an exemplary job in executing on the Company’s strategy. His strategic leadership and expertise in the mining industry and capital markets will continue to be a huge benefit to the Company and the Board. Leif’s appointment fits with Surge’s overall strategy to broaden and strengthen the Board’s skill sets moving forward.

The Company also announces that the board has approved the grant of 2,725,000 options to certain employees, executives, directors, and consultants of the Company. The options have been granted pursuant to the Company’s option plan, are subject to vesting provisions, have an exercise price of $0.42 per share, and expire five years from the date of grant.

About Surge Copper Corp.

The Company owns a 100% interest in the Ootsa Property, an advanced stage exploration project containing the East Seel, West Seel and Ox porphyry deposits located adjacent to the open pit Huckleberry Copper Mine, owned by Imperial Metals. The Ootsa Property contains pit constrained NI 43-101 compliant resources of copper, gold, molybdenum, and silver in the Measured and Indicated categories.

The Company is also earning into a 70% interest in the Berg Property from Centerra Gold. Berg is a large, advanced stage exploration project located 28 km northwest of the Ootsa deposits. Berg contains pit constrained 43-101 compliant resources of copper, molybdenum, and silver in the Measured and Indicated categories. Combined, the adjacent Ootsa and Berg properties give Surge a dominant land position in the Ootsa-Huckleberry-Berg district and control over four advanced porphyry deposits.

On Behalf of the Board of Directors

“Shane Ebert”
President and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “will”, “may”, “should”, “expects”, “plans”, or “anticipates” or the negative of these terms or other comparable terminology. All statements included herein, other than statements of historical fact, are forward looking statements, including but not limited to the Company’s plans regarding the Berg Property and the Ootsa Property. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. Such uncertainties and risks may include, among others, actual results of the Company’s exploration activities being different than those expected by management, delays in obtaining or failure to obtain required government or other regulatory approvals, the ability to obtain adequate financing to conduct its planned exploration programs, inability to procure labour, equipment and supplies in sufficient quantities and on a timely basis, equipment breakdown, impacts of the current coronavirus pandemic, and bad weather. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company’s current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.

SOURCE Surge Copper Corp.

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