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Clearbridge MLP and Midstream Fund Inc V.CEM


Primary Symbol: CEM

ClearBridge MLP and Midstream Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in energy master limited partnerships (MLPs) and energy midstream entities. The Fund considers an entity to be within the energy sector if it derives at least 50% of its revenues from the business of exploring, developing, producing, gathering, fractionating, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil and refined petroleum products or coal. The Fund may also invest up to 20% of its managed assets in other securities that are not MLPs or midstream entities. The Fund's investment manager is Legg Mason Partners Fund Advisor, LLC and ClearBridge Investments, LLC is the Fund's sub adviser.


NYSE:CEM - Post by User

Post by Flopticalcubeon Mar 11, 2022 2:52pm
201 Views
Post# 34507576

Palmer PEA Released on SEDAR

Palmer PEA Released on SEDAR"The primary finding of this PEA is that the Project has the potential to be economic based on the data acquired to-date and the mine model that was produced for this evaluation. Accordingly, it is recommended that exploration continue on the Project and that the Company continue to advance its permits and baseline environmental data collection with the ultimate goal of constructing the mine and putting it into production. To this end, the QP believes continued delineation drilling is warranted and has the potential to expand the known resource and increase its confidence. Once this is done, it would be worthwhile to replace this PEA with a pre-feasibility study (PFS) or feasibility study (FS) that includes a mining reserve based on a mine model applied to the expanded resource. Given the mountainous terrain, this drilling can only be effectively achieved from underground development. There is also significant potential to discover additional mineralized zones within the greater Palmer Project. Accordingly, the planned exploration adit, drift, and underground drill program is recommended."
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