David Einhorn built his reputation shorting frauds and buying what no one else would touch. His latest 13F reads as a five-stock roadmap through merger arbitrage, coal, and utility power demand, and one of those names is already sitting 6.6% below a signed $70 all-cash acquisition price. Miss the setup and you’re funding someone else’s payday.
1. Brighthouse Financial (The Merger-Arb Layup Nobody’s Talking About) Brighthouse Financial (NASDAQ:BHF) sits directly on top of a signed deal. Aquarian Capital LLC is acquiring the company at $70.00 per share in an all-cash transaction valued at roughly $4.1 billion, expected to close in 2026 subject to regulatory approvals. That is a hard catalyst with a hard number, and the market is still pricing it well below the deal.
The setup is textbook Einhorn. Shares last traded at $65.64 as of July 17, 2026, leaving a $4.36 gross spread, or 6.6% below the deal price. Underneath the arb, the annuity engine is humming: Q1 2026 adjusted EPS came in at $4.15 versus $235M in adjusted earnings the prior year, with the annuities segment generating $324M in adjusted earnings on $2.18B in sales. Insiders logged 32 recent transactions with a net buying direction, consistent with a deal on track to close.
That kind of spread on a signed deal only stays open when investors doubt the closing. Einhorn clearly doesn’t. Neither, apparently, does the next name on the list, which is riding a very different wave.
2. PG&E (The Data Center Utility Trade) PG&E (NYSE:PCG | PCG Price Prediction) is the direct pipe into California’s AI power demand. The company’s data center pipeline hit approximately 4.6 GW in final engineering, up from 3.6 GW, with more than 10 GW of pre-application interest. Add a $73B five-year capital plan pushing rate base to roughly $106B by 2030, and this is an income compounder with a growth kicker.
The Street sees it. Analyst sentiment breaks down as 14 buy/strong buy ratings, 4 holds, and zero sells, with a consensus target of $22.84. Three data points frame the trade: Q1 2026 non-GAAP core EPS of $0.43 versus $0.33 a year ago, reaffirmed FY2026 non-GAAP core EPS guidance of $1.64 to $1.66, and 9%-plus EPS growth guided annually from 2027 through 2030. Wildfire non-core charges collapsed to $3M from $40M year over year, and no common equity issuance is planned through 2030.
Shares closed at $17.29 on July 17, 2026, up 34.62% over the past year. The base-case AI model targets $22.20, roughly 28.36% upside. If Einhorn is right that AI compute has to plug in somewhere, PG&E is the socket. But the next name plays the same power thesis from a different angle: the ones building the plants.
3. Fluor (The Nuclear Renaissance Contractor) Fluor (NYSE:FLR) is the picks-and-shovels bet on the same electrification story. The company is landing new awards across nuclear, data centers, mining, and uranium enrichment, including a Centrus FEED award, and it monetized its NuScale stake for $2.4B in proceeds since September 2025, including $1.35B in Q1 2026. That cash is being funneled straight back to shareholders via a $1.4B share repurchase target for 2026, with $516M already executed in Q1.
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The quarter was noisy. Adjusted Q1 2026 EPS of $0.14 missed the $0.62 consensus by 77.26%, and revenue of $3.663B missed by 5.92%, down 8% year over year. Segment mix skewed heavily toward Urban Solutions at $2.437B, followed by Energy Solutions at $703M and Mission Solutions at $523M. Crucially, 98% of new awards are reimbursable, insulating margins from execution risk that has plagued this stock for years.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and PG&E didn't make the cut. Grab the names FREE today.
Shares last printed $49.17, up 24.93% year to date but down 7.49% over the past 12 months. The AI model reads it as fairly valued at $49.98 (HOLD), with a bull-case path to $55.88. Einhorn’s edge here is patience: the backlog tells the real story. Which brings us to the position he has held longer than any of them.
4. Green Brick Partners (The Homebuilder Hiding in Plain Sight) Green Brick Partners (NYSE:GRBK) is Greenlight’s longest-standing anchor position, a Texas-heavy homebuilder Einhorn helped bring public. The setup: peer-leading margins and a fortress balance sheet in a housing market everyone assumes is broken. Homebuilding gross margins hit 29.4% in Q4 and 30.5% for FY2025, with net homebuilding debt-to-total capital of just 6.3% and roughly $520M in liquidity.
The Q4 print did the work. Adjusted diluted EPS of $1.78 beat the $1.67 consensus by 6.59%, revenue of $552.61M beat by 15.73%, and net new orders hit a record 883 units. Lot position expanded to 48,828 lots, and a fresh $150M share repurchase was authorized. Valuation is unusually cheap for a builder with these margins: trailing P/E of 11, forward P/E of 11, and price-to-book of 1.66.
Shares traded at $72.75 on July 17, 2026, up 20% year to date and 248.42% over five years. The AI model calls a modest BUY with a $76.42 base case and $80.94 bull case. Einhorn’s read: buy quality when the sector is out of favor. Which sets up the punchline, a name Wall Street left for dead a decade ago.
5. Core Natural Resources (The Coal Comeback Payoff) Core Natural Resources (NYSE:CNR) is the trade everyone else is too embarrassed to make. Coal, of all things, is where the AI power thesis and policy tailwinds collide. AI-driven data center power demand is projected to grow 3.7% annually over five years, coal has been designated a critical material under 45X, and the One Big Beautiful Bill Act reduced federal royalty rates. Einhorn has traded this book before, going back to his CONSOL Energy position from January 11, 2021.
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The Q1 print flipped the narrative. EPS of $0.41 beat the $0.34 consensus by 20.80%, revenue of $1.084B beat by 1.97%, and net income swung to $21M from a $69.3M loss year over year. The metallurgical segment’s adjusted EBITDA flipped from -$20.84M to +$57.97M, with cash costs falling 11% to $92.35 per ton. Capital returns are aggressive: $733.8M remaining under a $1B buyback after repurchasing 464,600 shares at an average $90.23 in Q1.
Shares closed at $82.66, up 15.84% year over year and 398.4% over five years. Analysts are unanimous: 4 buy ratings, zero holds or sells, with a consensus target of $105.25 and an AI base case of $115.99, or 40.32% upside. Rare-earth exploration at the Powder River Basin, showing grades above 1,000 ppm at Black Thunder, is an optionality kicker no one is paying for.
The Thread Einhorn’s five longs share a structure: hard catalysts, cheap valuations, and out-of-consensus narratives. A signed $70 cash deal at BHF, 28.36% modeled upside at PCG, buyback machines at FLR and GRBK, and a coal payoff modeled at 40.32% upside. The skeptic is on offense, positioned for the trades the rest of the market still refuses to make. The 13F is filed. The clock is running.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and PG&E didn't make the cut. Grab the names FREE today.
PLANO, Texas--(BUSINESS WIRE)--Green Brick Partners, Inc. (NYSE: GRBK) (the “Company” or “Green Brick”), the third largest homebuilder in Dallas-Fort Worth, announced that it will release its financial results for the second quarter ended June 30, 2026, after the market closes on July 29, 2026. Jim Brickman, Green Brick's CEO, will host an earnings conference call to discuss its results at 12:00 p.m. Eastern Time on Thursday, July 30, 2026. The call will be webcast on the Company's website Inve.
ALVARADO, Texas--(BUSINESS WIRE)--Trophy Signature Homes, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), is proud to announce the grand opening of Lone Oak, a new residential master-planned community in Alvarado, Texas. Now open for sales and tours, this neighborhood features modern, energy-efficient homes paired with thoughtfully designed amenities that bring people together. From outdoor recreation to everyday conveniences, this is a place where families can truly connect, create me.
LAVON, Texas--(BUSINESS WIRE)--Trophy Signature Homes, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), has announced the development of Nicholson Ranch, a new 1,635-lot master-planned community in Lavon, Texas. Ranked as one of the fastest-growing areas in North Texas, Lavon is attracting homebuyers with its surge of new residential developments, affordable housing options, and a desirable location in the DFW Metroplex near Lavon Lake, offering convenient access to the region's ameniti.
PLANO, Texas--(BUSINESS WIRE)--Rainwater Crossing, a welcoming master-planned community in Celina, Texas, is on track for its spring 2026 debut. Developed in collaboration between Green Brick Partners, Inc. (NYSE:GRBK) and HFI Capital Management, LLC (HFI), the community will showcase its first model homes in May 2026. Phase One homebuilders include Normandy Homes and Centre Living Homes. Each builder brings thoughtfully designed homes that combine timeless style and modern appeal. These homes.
PLANO, Texas--(BUSINESS WIRE)--Green Brick Partners, Inc. (NYSE: GRBK) (the “Company” or “Green Brick”), the third largest homebuilder in Dallas-Fort Worth, announced that it will release its financial results for the first quarter ended March 31, 2026, after the market closes on April 29, 2026. Jim Brickman, Green Brick's CEO, will host an earnings conference call to discuss its results at 12:00 p.m. Eastern Time on Thursday, April 30, 2026. The call will be webcast on the Company's website In.
Green Brick Partners (NASDAQ:GRBK – Get Free Report) and LRR Energy (NASDAQ:LRE – Get Free Report) are both finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, profitability, risk, valuation and earnings.
Analyst Ratings This is a breakdown of recent recommendations and price targets for Green Brick Partners and LRR Energy, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Green Brick Partners 0 2 0 0 2.00 LRR Energy 1 0 0 0 1.00 Green Brick Partners presently has a consensus price target of $62.00, indicating a potential downside of 7.85%. Given Green Brick Partners’ stronger consensus rating and higher probable upside, equities analysts plainly believe Green Brick Partners is more favorable than LRR Energy.
Earnings and Valuation This table compares Green Brick Partners and LRR Energy”s revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Green Brick Partners $2.10 billion 1.38 $284.63 million $7.07 9.52 LRR Energy $126.97 million 0.13 $5.67 million N/A N/A Green Brick Partners has higher revenue and earnings than LRR Energy.
Risk and Volatility Green Brick Partners has a beta of 1.99, meaning that its stock price is 99% more volatile than the S&P 500. Comparatively, LRR Energy has a beta of 1.7, meaning that its stock price is 70% more volatile than the S&P 500.
Insider and Institutional Ownership 78.2% of Green Brick Partners shares are owned by institutional investors. 29.7% of Green Brick Partners shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Profitability This table compares Green Brick Partners and LRR Energy’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Green Brick Partners 17.70% 25.35% 17.29% LRR Energy N/A N/A N/A Summary Green Brick Partners beats LRR Energy on 11 of the 11 factors compared between the two stocks.
About Green Brick Partners (Get Free Report)
Green Brick Partners, Inc. is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes. The Builder operations Southeast operates builders in Georgia and Florida. The Land Development segment acquires land for the development of residential lots that are transferred to our controlled builders or sold to third party homebuilders. It also provides financial services platform, including mortgage and title services. In addition, the company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master-planned communities. Green Brick Partners, Inc. was incorporated in 2006 and is based in Plano, Texas.
About LRR Energy (Get Free Report)
LRR Energy, L.P. (LRR Energy) operates, acquires, exploits and develops producing oil and natural gas properties in North America. The Company’s properties consist of onshore oil and natural gas properties. Its oil and natural gas properties include the Permian Basin region in West Texas and Southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas, and the Gulf Coast region in Texas. As of December 31, 2014, the Company’s total estimated proved reserves were approximately 33.8 million barrels of oil equivalent (MMBoe), of which approximately 88% were proved developed reserves (approximately 73% proved developed producing and approximately 15% proved developed non-producing). The Company’s general partner is LRE GP, LLC.
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PLANO, Texas--(BUSINESS WIRE)--Green Brick Partners, Inc. (NYSE: GRBK) is proud to announce that its homebuilding brands—CB JENI Homes, Normandy Homes, and Southgate Homes—earned eight honors at the 2026 McSAM Awards. Presented annually by the Dallas Builders Association, the McSAM Awards honor excellence in sales, marketing, and residential design across the Dallas Metroplex. This year's recognition underscores Green Brick Partners' continued commitment to excellence through differentiated bra.
LRR Energy (NASDAQ:LRE – Get Free Report) and Green Brick Partners (NASDAQ:GRBK – Get Free Report) are both finance companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, valuation, risk, analyst recommendations, earnings, dividends and institutional ownership.
Profitability This table compares LRR Energy and Green Brick Partners’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets LRR Energy N/A N/A N/A Green Brick Partners 17.70% 25.35% 17.29% Institutional & Insider Ownership 78.2% of Green Brick Partners shares are held by institutional investors. 29.7% of Green Brick Partners shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Earnings & Valuation This table compares LRR Energy and Green Brick Partners”s top-line revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio LRR Energy $18.84 billion 0.00 $5.67 million N/A N/A Green Brick Partners $2.10 billion 1.46 $284.63 million $7.07 10.01 Green Brick Partners has lower revenue, but higher earnings than LRR Energy.
Volatility & Risk LRR Energy has a beta of 1.7, suggesting that its share price is 70% more volatile than the S&P 500. Comparatively, Green Brick Partners has a beta of 1.99, suggesting that its share price is 99% more volatile than the S&P 500.
Analyst Recommendations This is a summary of current recommendations for LRR Energy and Green Brick Partners, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score LRR Energy 1 0 0 0 1.00 Green Brick Partners 0 2 0 0 2.00 Green Brick Partners has a consensus price target of $62.00, suggesting a potential downside of 12.42%. Given Green Brick Partners’ stronger consensus rating and higher probable upside, analysts clearly believe Green Brick Partners is more favorable than LRR Energy.
Summary Green Brick Partners beats LRR Energy on 10 of the 11 factors compared between the two stocks.
About LRR Energy (Get Free Report)
LRR Energy, L.P. (LRR Energy) operates, acquires, exploits and develops producing oil and natural gas properties in North America. The Company’s properties consist of onshore oil and natural gas properties. Its oil and natural gas properties include the Permian Basin region in West Texas and Southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas, and the Gulf Coast region in Texas. As of December 31, 2014, the Company’s total estimated proved reserves were approximately 33.8 million barrels of oil equivalent (MMBoe), of which approximately 88% were proved developed reserves (approximately 73% proved developed producing and approximately 15% proved developed non-producing). The Company’s general partner is LRE GP, LLC.
About Green Brick Partners (Get Free Report)
Green Brick Partners, Inc. is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes. The Builder operations Southeast operates builders in Georgia and Florida. The Land Development segment acquires land for the development of residential lots that are transferred to our controlled builders or sold to third party homebuilders. It also provides financial services platform, including mortgage and title services. In addition, the company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master-planned communities. Green Brick Partners, Inc. was incorporated in 2006 and is based in Plano, Texas.
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PLANO, Texas--(BUSINESS WIRE)--Green Brick Partners, Inc. (NYSE: GRBK) (“we,” “Green Brick” or the “Company”) today reported results for its first quarter ended March 31, 2026. Net income attributable to Green Brick in the first quarter of 2026 was $60.9 million, resulting in diluted earnings per share of $1.39. The company delivered 908 homes. Net new sales orders were 1,037 for the quarter, with the monthly sales pace for the first quarter of 2026 decreasing slightly to 3.4, as compared to 3.
On April 29, 2026, Green Brick Partners Inc GRBK shares fell 4.2% to $67.34. This decline comes amid a 52-week trading range of $56.59 to $80.97. The stock has performed well over the longer term, with a year-to-date increase of 7.5% and a 15.7% rise over the past year.
GF Value™ verdict: Currently priced at $67.34, GRBK is approximately 3.8% overvalued compared to the GF Value™ of $64.90.GF Score™ of 96/100 indicates a strong overall performance across key metrics.Notable signal: The financial strength rank of 7/10 suggests a relatively sound balance sheet. Is GRBK Overvalued or Undervalued? Currently, GRBK is priced at $67.34, which is above its GF Value™ estimate of $64.90. This indicates that the stock is about 3.8% overvalued, suggesting that it may not provide a sufficient margin of safety for new investors. The GF Valuation label categorizes GRBK as fairly valued based on its current pricing relative to intrinsic value. Being overvalued poses risks, especially if market sentiment shifts or if the company fails to meet growth expectations.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the current valuation, potential investors may want to proceed with caution as the stock appears to be trading at a premium compared to its calculated intrinsic value.
How Does GRBK's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 9.5x 8.3x Forward P/E 11.2x N/A GRBK's current P/E ratio of 9.5x is 15% above its 5-year median P/E of 8.3x, indicating that the stock is trading at a higher valuation than its historical average. This analysis aligns with the GF Value™ verdict, which suggests that the stock is overvalued at its current price.
What Does GRBK's GF Score™ Tell Us? Metric Rating GF Score™ 96 Financial Strength 7/10 Profitability 10/10 Growth 9/10 Valuation 7/10 Momentum 8/10 The GF Score™ of 96/100 indicates that GRBK is in a strong position when considering its financial strength, profitability, and growth potential. The highest rank is in profitability with a perfect score of 10/10, which suggests that the company is effective in generating profits. However, the weakest area appears to be its valuation rank of 7/10, which corroborates the findings from the GF Value™ assessment, pointing to the stock being overvalued.
What Are Insiders Doing with GRBK Stock? In the last three months, insider activity has shown a slight bearish trend, with insiders selling $0.2 million worth of stock and no reported buying. This pattern may suggest a lack of confidence from insiders regarding the stock's short-term price movements. Such selling could indicate that insiders believe the stock is currently overvalued or may have reached its peak.
What This Means for Investors Based on the GF Value™ assessment, GRBK is currently overvalued. With a GF Value™ of $64.90 versus the current market price of $67.34, there may be limited upside potential for new investors at this time.
For the complete analysis, visit the Green Brick Partners Inc GRBK stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is GRBK's GF Score™?
GRBK's GF Score™ is 96/100, indicating a strong overall performance across key financial metrics and a potential for higher long-term returns.
Is GRBK overvalued or undervalued?
GRBK is currently overvalued, with a GF Value™ of $64.90 compared to its market price of $67.34, suggesting limited margin for new investors.
What is GRBK's P/E ratio?
GRBK's P/E ratio is 9.5x TTM, which is 15% above its 5-year median P/E of 8.3x, indicating that the stock is trading at a higher valuation than its historical average.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
PLANO, Texas--(BUSINESS WIRE)--CB JENI Homes, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), proudly announces it has been recognized as a 2026 USA TODAY Top Workplaces Award winner, one of the nation’s highest honors celebrating organizations that set the standard in workplace culture and employee engagement.
The USA TODAY Top Workplaces award recognizes organizations with 150 or more employees that excel at creating exceptional “people-first” cultures. More than 100,000 organizations were invited to participate, and winners were selected entirely based on employee feedback. CB JENI Homes was among the 1,661 employers honored nationwide. Survey results evaluate key workplace experience themes proven to drive organizational performance, including leadership, alignment, engagement, and connection.
“This award reflects the culture we strive to build at CB JENI Homes—one grounded in collaboration and a shared commitment to excellence,” said Steve Schermerhorn, President of CB JENI Homes. “It’s also a testament to our leaders who invest in and support our people. We believe great homes are built by engaged teams, and this award speaks to the passion and dedication across our organization.”
The award celebrates the hard work and commitment of employees across the CB JENI family of companies, including team members at CB JENI Homes, Normandy Homes, Southgate Homes, and Paragon Property Management Group.
About CB JENI Homes | Since 2009, CB JENI Homes has been dedicated to creating exceptional townhomes in prime Dallas-Fort Worth locations. Known for thoughtful designs, CB JENI townhomes offer spacious, low maintenance living with striking architecture and a streamlined homebuying experience. As one of the largest townhome builders in the DFW area, CB JENI has built a strong presence across the region, earning numerous industry awards for its commitment to quality and excellence.
For more information about CB JENI Homes please visit cbjenihomes.com or connect with us on social.
About Green Brick Partners, Inc.
Green Brick Partners, Inc. (NYSE: GRBK), the third-largest homebuilder in Dallas-Fort Worth and one of Fortune Magazine's fastest-growing companies, is a diversified homebuilding and land development company operating through its seven subsidiary homebuilders in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St. Lucie, Florida (GHO Homes). Green Brick also holds interests in related financial services platforms, including Green Brick Title, Green Brick Mortgage, and Green Brick Insurance. The company and its affiliated builders are involved in all aspects of the homebuilding process, including land acquisition, development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master-planned communities.
For more information about Green Brick Partners Inc.’s subsidiary homebuilders, visit https://greenbrickpartners.com/brands-services/.
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2026) - Goldgroup Mining Inc. (TSXV: GGA) (OTCQX: GGAZF) ("Goldgroup" or the "Company") announces, further to its news release dated January 26, 2026, the Company has entered into an amendment (the "Amendment") with Gold Resource Corporation ("GRC") and Goldgroup Merger Sub Inc., a Colorado corporation and direct subsidiary of Goldgroup ("Purchaser Sub") to the previously announced Arrangement Agreement and Plan of Merger dated January 25, 2026 (the "Arrangement Agreement") by and among the parties, whereby Goldgroup has agreed to acquire all of the issued and outstanding shares of GRC's common stock (the "Transaction").
The Amendment
The Arrangement Agreement provides that, among other things and subject to the terms and conditions of the Arrangement Agreement, the proposed Transaction will occur by way of a reverse triangular merger in which GRC will merge with a wholly owned subsidiary of Goldgroup under Colorado law (the "Merger") and a plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"), with GRC surviving as a wholly owned subsidiary of Goldgroup. Upon completion of the Transaction, GRC stockholders are expected to own approximately 40% of the combined company on a fully-diluted in-the-money basis with Goldgroup's current shareholders holding the remaining approximately 60% interest.
The Arrangement Agreement originally contemplated that, immediately prior to the effective time of the Merger, Goldgroup would consolidate all of its issued and outstanding common shares without par value (each whole share, a "Goldgroup Share") at a ratio of one post-consolidation Goldgroup Share for every four pre-consolidation Goldgroup Shares. Pursuant to the Amendment, the parties have agreed to replace the four-to-one consolidation ratio with a consolidation ratio to be determined jointly by Goldgroup and GRC, and approved by the TSX Venture Exchange (the "TSXV") prior to the effective date of the Merger. The Arrangement Agreement provides, among other things, that Goldgroup will apply to list the Goldgroup Shares on the NYSE American (the "NYSE American Listing"), which listing will be completed following the closing of the Merger and is subject to Goldgroup fulfilling all the listing requirements of the NYSE American. The Consolidation is being undertaken by Goldgroup in order to meet the listing requirements of the NYSE American and to facilitate the NYSE American Listing. The Consolidation is subject to, among other things, the approval of the TSXV, which approval is subject to compliance with the requirements of the TSXV, including, if applicable, shareholder approval.
Board Nominees
Below are the names and biographies of the parties' anticipated selections as prospective directors of the combined company:
Ron Little - Mr. Little has been a member of the board of directors of GRC (the "GRC Board") since February 8, 2021, and currently serves as its Interim Chair. Mr. Little is a Professional Engineer, geologist and entrepreneur who has developed mining projects in Canada, South America and Africa. He was the founder and CEO of Orezone Resources and Orezone Gold Corporation for over 20 years and built one of the most successful exploration and mine development track records in Burkina Faso. He is and has been a director and advisor to other public companies and not for profit entities. Mr. Little holds a Bachelor of Science in Engineering (Geological) from Queen's University in Kingston and is also a designated graduate of the Institute of Corporate Directors (ICD.D). He is currently the President and CEO of Wolfden Resources.
Lila Manassa Murphy - Ms. Manassa Murphy has been a member of the GRC Board since January 1, 2021. Ms. Manassa Murphy, CFA, CPA has been the Chief Financial Officer of Dundee Corporation (TSX: DC.A) since May 2021. Her areas of oversight include Finance, Investor Relations, Information Technology, Legal, Compliance and Human Resources. Her experience during her tenure includes M&A, restructuring, establishing joint venture partnerships, and assessing investment and acquisition opportunities. She also sits on the board of Green Brick Partners (NYSE: GRBK). Prior to her role at Dundee Corporation, Ms. Manassa Murphy had over 25 years of investment management experience and fiduciary responsibility. She is a Chartered Financial Analyst and a Certified Public Accountant. She holds a Bachelor of Arts degree from New York University and is a member of the Latino Corporate Directors Association (LCDA).
Nicole Adshead-Bell - Ms. Adshead-Bell is President of Cupel Advisory Corp., a private company she founded focused on mining sector investments and advisory services. She most recently served as Managing Director and CEO of Beadell Resources Ltd., having transitioned from Independent Director in 2016 to CEO in 2018, until the company's acquisition in March 2019. Her prior experience includes serving as Director of Mining Research at Sun Valley Gold LLC, a global precious metals investment fund, and as Managing Director, Investment Banking at Haywood Securities Inc. Dr. Adshead-Bell is a geologist with over 29 years of combined mining industry and capital markets experience spanning exploration, development, mining operations, investment research, investment banking, and corporate leadership. She also has more than three decades of cumulative public company board experience with precious and base metals companies listed in Canada, the United States, Australia, and the United Kingdom, including exploration, development, producing, and royalty companies. Her broad experience has included participation across a wide range of board committee functions, including audit, compensation, nominating and governance, technical, and special committees. Dr. Adshead-Bell holds a Ph.D. in Structural and Economic Geology, a First Class Honours degree in Structural Geology, and a B.Sc. in Geology and Archaeology, all from James Cook University.
Luis Felipe Medina Aguirre - Mr. Medina Aguirre is an Environmental Engineer with more than 31 years of experience in the mining industry. Since 2023, he has been General Director of Minas de San Nicolás, S.A.P.I. de C.V. (a joint venture of Agnico Eagle Mines Limited and Teck Resources Limited). Among his positions in the mining industry in Mexico, he has been President of the Chihuahua Mining Cluster; Administrative Vice President of the Association of Mining Engineers, Metallurgists and Geologists of Mexico; President of the XXXI International Mining Convention; Treasurer of the Mining Cluster of Sonora; member of the board of directors of the Mining Chamber of Mexico and current President of the Sustainable Commission; and member of the Canadian Chamber of Commerce in Mexico and Nacional Financiera in the State of Chihuahua. Since 2024, Mr. Medina Aguirre has been the Chairman of the Mining Commission of the Canadian Chamber of Commerce. Since 2025, he has been a member of the Investment Promotion Committee of the State of Zacatecas, a designation granted by both the Federal and State Secretariats of Economy.
Francisco Javier Reyes de la Campa - Mr. Reyes de la Campa has co-founded various firms in finance, mining, oil and gas and agriculture and foods. His strategic leadership was crucial in the turnaround in 2020 of Luca Mining, a producing company with assets in Mexico recently included in the 2025 TSX Venture 50TM list of top performing companies. He has also served as the Country Manager for Goldgroup since September 2021. Prior to joining Goldgroup, he served as President and CEO of Antares Capital Management and Private Equity CP (formerly Credipresto), two respected firms with over 15 years of experience in the natural resource and agro sector, particularly in Latin America. An alumnus of Harvard Business School, Mr. Reyes holds dual Bachelor's degrees in Economics and Business Administration, as well as a Master's degree in Finance from Instituto Tecnológico Autónomo de México.
About GRC
Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of an experienced board and senior leadership team, GRC's focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, USA. For more information, please visit GRC's website, located at www.goldresourcecorp.com.
About Goldgroup
Goldgroup is a Canadian-based mining Company with two high-growth gold assets in Mexico. In addition to the San Francisco gold project, the Company has a 100% interest in the producing Cerro Prieto heap-leach gold mine located in the State of Sonora.
Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico.
For further information on Goldgroup, please visit www.goldgroupmining.com.
On behalf of the Board of Directors
"Ralph Shearing"
Ralph Shearing, CEO
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 press release.
CAUTIONARY NOTES REGARDING FORWARD-LOOKING INFORMATION
Certain information contained in this news release, including any information relating to future financial or operating performance, may be considered "forward-looking information" (within the meaning of applicable Canadian securities law) and "forward-looking statements" (within the meaning of the United States Private Securities Litigation Reform Act of 1995). These statements include, without limitation, statements relating to the anticipated selections of board nominees for the combined company to be formed on completion of the Arrangement.
These forward-looking statements reflect Goldgroup's current internal projections, expectations or beliefs and are based on information currently available to Goldgroup. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward-looking information, and are developed based on assumptions about such risks, uncertainties and other factors, including, without limitation: receipt of all required TSXV, regulatory and other interested party approvals in connection with the Arrangement, including BC Supreme Court approval of the Arrangement; that the conditions precedent to the completion of the Transaction, including but not limited to TSXV, regulatory, shareholder and court approvals, might not be obtained in a timely manner or at all; uncertainties related to actual capital costs operating costs and expenditures; production schedules and economic returns from Goldgroup's projects; timing to integrate the Transaction and acquisitions (Molimentales and the San Francisco Mine) and timing to complete additional exploration and technical reports; uncertainties associated with development activities; uncertainties inherent in the estimation of mineral resources and precious metal recoveries; uncertainties related to current global economic conditions; fluctuations in precious and base metal prices; uncertainties related to the availability of future financing; potential difficulties with joint venture partners; risks that Goldgroup's title to its property could be challenged; political and country risk; risks associated with Goldgroup being subject to government regulation; risks associated with surface rights; environmental risks; Goldgroup's need to attract and retain qualified personnel; risks associated with potential conflicts of interest; Goldgroup's lack of experience in overseeing the construction of a mining project; risks related to the integration of businesses and assets acquired by Goldgroup; uncertainties related to the competitiveness of the mining industry; risk associated with theft; risk of water shortages and risks associated with competition for water; uninsured risks and inadequate insurance coverage; risks associated with potential legal proceedings; risks associated with community relations; outside contractor risks; risks related to archaeological sites; foreign currency risks; risks associated with security and human rights; and risks related to the need for reclamation activities on Goldgroup's properties, as well as the risk factors disclosed in Goldgroup's MD&A. Any and all of the forward-looking information contained in this news release is qualified by these cautionary statements.
Although Goldgroup believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Goldgroup expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except as may be required by, and in accordance with, applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297659
Source: Goldgroup Mining Inc.
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CUMMING, Ga.--(BUSINESS WIRE)--The Providence Group, a subsidiary of Green Brick Partners, Inc (NYSE: GRBK) and one of metro Atlanta's leading lifestyle homebuilders, along with dozens of generous trade partners, suppliers and sponsors, has completed the 2026 Atlanta St. Jude Dream Home® Giveaway house and is inviting the public to tour the home during select open house weekends this June. Located at 604 Silva Street in The Providence Group's Palisades community in Cumming, the 2026 Dream Home.
