Various Position Updates

Alphamin Resources is the world's highest-grade tin producer, responsible for approximately 15% of the global supply. The company is currently trading at a greater than 20% free cash flow yield and offers a dividend yield of 12-14%. Recent positive developments include a peace deal between Rwanda and the DRC, which is expected to reduce geopolitical risk. Operationally, production has returned to a run rate of 20,000 tonnes per year, with a target of 25,000 tonnes. The company has also announced a C$0.07 interim dividend. The investment thesis is further supported by potential upside from production growth and an ongoing exploration program.