Jamie Levy
President, CEO & Director

Thank you all for attending. Good morning. Welcome to the 2026 Annual and Special Meeting of Generation Mining Limited. My name is Jamie Levy, and I am President and Chief Executive Officer and Director of the company. It’s my pleasure to welcome shareholders and others present in person and those watching the 3 of you in-person, thank you and those listening via Zoom to this meeting. Thank you for your interest in Generation Mining. Sorry, I’m just admitting more people here.

We will first proceed with the formal business of the meeting. As highlighted in our notice of meeting and management circular, shareholders joining us via Zoom shall not be able to vote or participate in the formal business of the meeting. Following the formal business of the meeting, I will present an update of the company and those joining us in person or participating via Zoom will have an opportunity to ask questions. Instructions on how to ask questions via Zoom will be provided after the formal business of the meeting has been completed.

The meeting now come to order. I, Jamie Levy, will act as Chair of the meeting. And with the consent of the meeting, I appoint Brian Jennings, the company’s Chief Financial Officer, act as Secretary of the meeting.

With the consent of the meeting, I appoint TSX Trust Company, the registrar and transfer agent for the company, acting through its representative, Ms. Julie Kim, to act as scrutineer of the meeting. In order for a quorum to be present in accordance with the bylaws of the company, the scrutineer reports must show that there are not less than 2

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

This article was written by

Follow

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

NEW YORK — Home Depot Inc. shares climbed sharply on Wednesday, rising more than 5 percent to around $342.49 as investors responded positively to the home improvement giant’s resilience amid shifting economic conditions.

The stock’s notable gain reflected broader optimism around consumer spending in the housing sector and the company’s strategic positioning for potential market recovery. Home Depot, a bellwether for both consumer confidence and the housing industry, has navigated challenges including elevated interest rates that previously dampened big-ticket purchases.

The retailer’s performance underscores its ability to adapt through diversified offerings, supply chain efficiencies and targeted investments in e-commerce and professional contractor services. As mortgage rates show signs of stabilization, analysts anticipate improved demand for home improvement projects.

Home Depot has consistently demonstrated strength in core categories such as building materials, appliances and seasonal products. Its vast store network and online platform provide customers with comprehensive solutions for renovations, repairs and new construction support.

Financial Performance and Strategy

The company has reported steady revenue despite macroeconomic headwinds. Comparable sales metrics have reflected a cautious consumer environment, but professional customer segments have offered relative stability.

Leadership continues emphasizing operational excellence, inventory management and customer experience enhancements. Investments in technology, including improved digital tools for contractors and DIY enthusiasts, aim to capture shifting shopping behaviors.

Home Depot’s balance sheet strength supports ongoing share repurchases, dividend growth and strategic capital expenditures. The retailer maintains a disciplined approach to expansion while returning capital to shareholders.

Analysts have highlighted the company’s market share leadership and competitive advantages in a fragmented home improvement landscape. Pricing strategies and supplier relationships help navigate inflationary pressures on key commodities.

Housing Market Context

The U.S. housing sector has faced affordability challenges due to higher borrowing costs and limited inventory in recent years. However, improving job markets and potential rate easing could unlock pent-up demand for repairs, upgrades and new home-related spending.

Existing homeowners represent a significant opportunity as many delay selling or moving. This dynamic benefits retailers like Home Depot, which cater to maintenance and improvement needs regardless of transaction volumes.

New construction activity, while variable, provides additional tailwinds through partnerships with builders and suppliers. Home Depot’s professional business segment has grown in importance as contractors rely on reliable, efficient sourcing.

Seasonal factors also influence performance, with spring and summer typically driving higher sales in outdoor living, gardening and project materials. The company optimizes merchandising and promotions to capitalize on these periods.

Competitive Landscape

Home Depot competes with Lowe’s and specialized retailers while facing pressure from online pure-plays and big-box general merchandisers. Its scale, assortment depth and omnichannel capabilities provide differentiation.

Recent initiatives focus on enhancing in-store experiences, faster fulfillment and personalized recommendations. Loyalty programs and credit offerings further strengthen customer relationships and repeat business.

Supply chain investments have improved product availability and reduced costs over time. These efficiencies contribute to margin stability even as product mix evolves with market trends.

Investment Outlook

For long-term investors, Home Depot offers exposure to essential consumer spending and housing-related cycles. The company’s dividend yield and history of consistent payouts appeal to income-oriented portfolios.

Valuation metrics reflect expectations for recovery and growth as economic conditions normalize. While sensitive to housing indicators, the retailer’s essential nature provides defensive characteristics during downturns.

Risks include prolonged high interest rates, material cost volatility and labor market shifts affecting contractor activity. Execution on digital transformation and cost management will influence future results.

The stock’s recent movement suggests renewed confidence in the company’s fundamentals and sector prospects. Market participants will monitor upcoming earnings for further insight into consumer trends and guidance.

Broader Retail Environment

Retail spending patterns have shown resilience supported by employment gains, though discretionary categories face selectivity. Home improvement remains a priority for many households focused on property value and livability.

Home Depot’s role as an economic indicator extends beyond its financial reports. Foot traffic, basket sizes and category performance offer glimpses into homeowner confidence and spending capacity.

Sustainability initiatives and product sourcing practices increasingly influence consumer preferences. The company continues adapting to demands for eco-friendly options and responsible supply chains.

As the year progresses, attention will center on interest rate trajectories, housing inventory levels and consumer sentiment. Home Depot appears well-prepared to capitalize on any upswing while maintaining discipline in challenging periods.

The retailer’s long track record of adaptation through economic cycles reinforces its position as a core holding for many portfolios. Continued innovation and customer focus should support sustained relevance in evolving markets.

Tech entrepreneur Elon Musk lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following SpaceX’s public debut, according to data from Bloomberg.

The Bloomberg Billionaires Index – updated daily at 17:30 in New York (22:30 BST) – valued his fortune at $957bn (£727bn) on Tuesday, down from the $1.11tn valuation less than 14 days ago.

The reversal followed a sharp retreat in SpaceX and Tesla shares as technology stocks broadly tumbled, fuelled by growing doubts over the long-term profitability of artificial intelligence.

Despite the loss, Musk remains the world’s richest person, and his wealth still dwarfs that of his nearest rivals.

The billionaire originally made history on 12 June with the highly anticipated public market debut of his rocket company, SpaceX, on the Nasdaq exchange.

The blockbuster initial public offering (IPO) was priced at $135 per share and opened at $150 when it began trading.

The debut valued the rocket and satellite giant at more than $1.77 trillion. Because Musk owned roughly 42% of SpaceX, the listing instantly propelled his paper fortune past the $1 trillion mark.

By 16 June, surging investor enthusiasm drove SpaceX shares to a peak of $225.64, pushing Musk’s total net worth to a peak of $1.32 trillion.

However, the market rally did not last.

Concerns over capital spending, artificial intelligence infrastructure costs, and stubborn interest rates triggered a widespread tech sell-off and hit high-flying technology giants such as Nvidia, Intel, and AMD, particularly hard.

But SpaceX shares bore the brunt of the correction, plunging more than 30% from their mid-June peak to trade around $156.

On a single turbulent Monday, 22 June, a 16% single-day drop erased an estimated $240 billion from Musk’s personal balance sheet.

Concurrently, shares of his electric vehicle venture, Tesla, slid nearly 6% just a day later, compounding the financial damage. Musk owned about 12% of Tesla’s outstanding shares.

Musk’s trillionaire status is uniquely vulnerable due to the extreme concentration of his wealth. Unlike traditional billionaires with diversified portfolios, his fortune is almost entirely tied to equity in just two companies: SpaceX, which represents nearly 80% of his total net worth, and Tesla.

Market analysts note that post-IPO volatility is entirely standard for highly valued growth firms, though the scale of the movement reflects a deeper tug-of-war between hype and reality.

“For a stock like SpaceX, a lot of decision making might have been emotional and based on the anticipation of huge leaps forward in space exploration and utilisation, but investing should be something treated with clear eyes and patience, even when such huge numbers are involved,” said Danni Hewson, head of financial analysis at AJ Bell.

With restrictions lifting in late July that will allow company insiders to finally sell their shares in stages, market pressure may continue.

However, because a modest 6% recovery in SpaceX stock would restore his 13-figure status, Musk may simply become the world’s first recurring trillionaire.

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a recommendation of the suitability of any investment strategy for a particular investor. Invesco does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state tax laws are complex and constantly changing. Investors should always consult their own legal or tax professional for information concerning their individual situation. The opinions expressed are those of the authors, are based on current market conditions and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals. NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE All data provided by Invesco unless otherwise noted. Invesco Distributors, Inc. is the US distributor for Invesco Ltd.’s retail products and collective trust funds. Invesco Advisers, Inc. and other affiliated investment advisers mentioned provide investment advisory services and do not sell securities. Invesco Unit Investment Trusts are distributed by the sponsor, Invesco Capital Markets, Inc., and broker-dealers including Invesco Distributors, Inc. PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Each entity is an indirect, wholly owned subsidiary of Invesco Ltd. ©2015 Invesco Ltd. All rights reserved.

The free festival has been running for over half a century

Bristol Harbour Festival could be facing the chop after next year, with growing concerns that current organisers may walk away due to mounting costs.

The warning comes after a report presented to city councillors revealed that one in four events scheduled for Bristol Harbour this year have been scrapped – 13 out of approximately 50 – owing to ‘challenging market conditions and fragility in the events sector’.

Yet the loss of the festival itself would undoubtedly be the most damaging blow of all.

When questioned by Cllr Kye Dudd (Labour, Southmead) about its future, Bristol City Council regulatory services and city events manager Jonathan Martin told the harbour committee: “The festival continues to be a challenge.

“Financially the current provider is in discussion with us about the continued viability of their involvement.

“The investment that Bristol City Council makes for Harbour Festival has remained static for over a decade, so in real terms that has decreased significantly.

“When we went through the tendering process we were able to call on the Business Improvement District (BID) to provide a financial contribution.

“But next year when we’re into contract extension [with organisers Proud Events], there is concern that they may not want to extend the contract.

“We’re okay for next year, it’s the contract extension [that is in doubt].”

Committee vice-chair Cllr Patrick McAllister (Green, Hotwells & Harbourside) said: “We should as a council keep an open mind as to whether it might be useful to put more subsidy in there.

“I know money is tight but this is nearly a 12:1 return on investment across the city, and this is the logic we should be approaching the BID with and saying you will be reaping the rewards of all the people in the city centre.”

Approximately 200,000 people flocked to last year’s festival, which injected almost £4.5m into the local economy.

This year’s spectacular runs from Friday, July 17, to Sunday, July 19, boasting significant changes, amongst them a fresh layout spanning from Thekla to Underfall Yard that ‘brings the city’s waterfront to the centre of the celebration’.

Visitors can expect dockside spectacles, floating performances, circus acts, live music and family entertainment throughout the weekend.

A report submitted by council officers to the then-cabinet in 2022 concluded that sweeping changes were necessary, as the event, which is free to attend and has been running for over half a century, had become too ‘white and middle-class’.

The document highlighted that many older and disabled people, families, and Black and Asian communities were put off by the sizeable crowds and a ‘drinking culture’.

It further noted that soaring costs had rendered the existing model ‘near impossible’ to sustain.

Bristol City Council commits £160,000 a year to the festival.

In 2023, Proud Events took over as organisers after securing a four-year contract awarded through a tender process run by the local authority.

That agreement expires following next year’s event, though a contract extension remains a possibility.

Proud Events has been contacted for comment.

To most people, the banana is a simple, affordable piece of fruit that gets added to the grocery basket every week. Yet, the long history of this fruit has seen it create significant commercial products and services in unexpected ways.

The Banana as the Foundation of Global Food Logistics

With global trade estimated at over $25 billion, bananas represent a massive industry that connects growers, distributors and consumers across the world. The Cavendish banana alone has a global production volume of 50 million tons, according to the FAO of the United Nations, but how does it reach our tables in perfect condition?

The biggest challenge is that they are consumed all over the world, but can only be grown in specific regions. The combination of being highly perishable and having to travel thousands of miles to reach consumers means that the early fruit traders had to create a new way of sending them.

This led to the development of international cold-chain logistics. Refrigerated transport vessels were designed as a way to stop the ripening process from ruining the fruit before it arrived at its destination. They then had to create ripening rooms in local distribution centres to make sure that they were in full control of exactly when the bananas were ready to sell.

This BBC article explains the crucial role played by the banana industry in creating refrigerated boats. While Argentine beef and other products needed a similar solution for overseas commerce, it was the growing demand for the banana that is most commonly credited with providing the impulse for this innovation.

The Role of Bananas in Art and Entertainment

Few items of food have entered popular culture in the way that the banana has. From the iconic appearance on the Velvet Underground album cover designed by Andy Warhol in 1967 to their controversial appearance in conceptual art, bananas have somehow become viewed as being fun while also challenging corporate commercialism at times.

We have seen bananas used in performances by the likes of Josephine Baker and Harry Belafonte, too. The fact that bananas are so universally well-known and popular means that they work perfectly as an image that everyone instantly understands.

This also helps to explain why we find casino games like Even Bigger Bananas 2 slot on Betfair. With a large ape and other jungle creatures among the symbols, the bananas help to add to the atmosphere and make the reels more visually appealing. This is part of the Bigger Bananas range, where King Kong is the main character, but the bananas are a key part of the gameplay.

Other Uses for Bananas in Various Industries

Bananas have also been used as part of the process for creating sustainable textiles, heavy-duty packaging and even advanced electronics. Elements like the skin and the pseudo-stem have found distinct uses that have helped designers looking for sustainable and eco-friendly solutions to a range of problems.

Bananas will continue to be one of the world’s favourite fruits to eat and enjoy. However, by looking at these fascinating uses for it, we can also see how it has filtered into many aspects of life and various industries.