Search company, investor...

Predict your next investment

Venture Capital
scppartners.com

Investments

57

Portfolio Exits

17

Funds

2

About SCP Partners

SCP Partners is a diversified mulit-stage venture capital firm that is focused on investments in Information and Communications Technology (ICT), Life Sciences, Services, and Defense and Security. SCP supports its investment portfolio with a rich base of strategic, operating and financial expertise and an extensive network to access capital, recruit management, and facilitate favorable strategic alliances.

Headquarters Location

1200 Liberty Ridge Drive Suite 300

Wayne, Pennsylvania, 19087,

United States

610-995-2900

Are you an investor?
Submit your portfolio details now to be considered in our investor rankings.

Latest SCP Partners News

F3 Uranium (FUU CN): New JR Zone drilling delivers step change; strike +51m to 156m and +22m up-dip expansion

Jul 4, 2023

5-day change 01:52pm Today at 12:16 pm RISK RATING (unc): VENTURE We think today's new PLN drilling at the JR Zone is step change thanks to 1) 51m step out to increase strike length to 156m and 2) hitting 22m up-dip towards the unconformity which significantly increases lbs per metre of strike if continuity holds (to be confirmed with future drilling). With the caveats that we don't have assays from today's drilling and our understanding of deposit style and dimensions is still rapidly evolving, today takes our too-early drilled inventory from 15Mlbs to ~30-40Mlbs depending on grade and continuity along the current strike length. While it's premature to treat this like a QP-signed off MRE, but indicatively today significantly increases JR Zone's endowment. Big picture, we still see several pathways to our 50-100Mlbs conceptual target including 1) up and down- dip extension over the current strike length; 2) strike length extension (today delivered good continuity to the south stepping out on lines 105S and 135S); 3) potential for unconformity hosted mineralization (thus far mineralization has been shear-hosted but within 40m of the unconformity); and 4) multiple zones along strike or parallel shears. The key at this stage is for drilling to a) keep expanding the footprint of the zone and b) continue intercepting high grades; we are pleased to see F3 achieve both today. Given F3's proximity to two world class discoveries (Triple-R and Arrow) made since 2012, and continued exploration success since maiden 15m @ 6.97% U3O8 discovery hole in November 2022, we think F3 is a name to own in this exciting phase. Today we maintain our BUY rating and C$0.60/sh PT based on US$3/lb on a conceptual MRE target of 75Mlbs. The key catalyst is drilling, with 2 rigs / 12,000m planned for Summer 2023 targeting JR Zone expansion and testing new targets along the A1 shear zone. Figure 1. Plan view of todays drilling and sections from lines 060S and 135S S o u r c e : F3 Uranium New JR Zone drilling delivers step change; strike +51m to 156m and +22m up-dip expansion F3 announced scintillometer results from the first eight holes from this summer's 30-hole drilling program at PLN. Hole-068 (line 060S) which hit 19m of mineralization from 228-247m DH including 8.1m > 10,000cps including 6m @ >65,535cps which was located 22m up-dip (towards the unconformity) from hole -060 (14.5m @ 9.4 U3O8 from 238.5m DH). Step out expansion hits, noting the prior limit of mineralization was line 90S, included holes -064 and -066 (both line 105S) which hit 17.5m (from 233- 250.5m DH) and 16.5m (from 219-260.5m DH), respectively, both peaking >10,000 cps. Hole -070 (line 135S) hit 6m of mineralization from 232-244.5m DH reading up to 6,300cps). Hole -066 which hit 16.5m of total mineralization from 219-260.5m DH including peak 35,500cps. A second sonic drill and second diamond drill are guided to mobilize later this month to continue JR Zone expansion and to test new targets along the A1 shear zone which hosts the JR Zone. Page 1 04 July 2023 We see three key takeaways from today's drilling. First, drilling extended the strike length by 51m to line 135S (from prior extent line 90S), for a total strike length of 156m. Drilling on line 135s hit 16m of mineralization with good scintillometer readings of up to 6,300cps (pre-assays), which is enough to indicate continuity at decent grades (up to ~3% would be a too- early guesstimate) in our view. Second, hole-66 intersected mineralization 22mup-dip on line 60S (prior hit 14.5m @ 9.4% U3O8) with 8.1m >10,000cps including 6m >65,535cps. Based on prior scintillometer readings we do have assays for (eg. discovery hole -035 delivered 5.6m > 10,000cps which assayed 5.5m @ 18.6% U3O8), this indicates very high-grade continuity up dip over at least part of the strike length, which we expect future drilling to follow up. Prior to today, drilling had intercepted mineralization over ~20m up and down dip, so today's 22m up-dip hit is step change in our view. Third, drilling on lines 105S and 135S showed indication of good grades (>10,000cps), which also indicate the system doesn't peter out to the south, leaving the possibility for further strike extensions. Moreover, precise orientation is difficult so early into the program so we wouldn't be surprised to see grades upgraded on further infill or up-dip drilling. Looking ahead, it appears up-dip expansions and strike extension are the immediate source of resource growth, as they are easier to target and require shallower holes than down-dip targets. Mineralization hosted at the unconformity is also a possibility, especially if JR is a hybrid deposit (i.e. hosted at the unconformity and upper portion of the intersecting shear zone), although this is yet to be determined and testing the unconformity is not the immediate focus. We still see multiple pathways to a 50-100Mlb resource and are pleased to see continued growth both in terms of strike length and up-dip /down-dip extent. Why we like F3 Uranium Prime ground in the Western Athabasca, which hosts 337Mlb Arrow (NXE) and 138Mlb PLS (FCU) Average of 6% uranium drilled over 105m of strike indicates potential for a world class discovery Proven management team with multiple Athabasca uranium discoveries with bold approach to exploration Catalysts 2024: SCPe Maiden resource, likely after Winter 2023-2024 drilling season Page 2 04 July 2023 DISCLOSURES & DISCLAIMERS This research report (as defined under IIROC Rule 3600, Part B) is issued and approved for distribution in Canada by SCP Resource Finance LP ("SCP"), an investment dealer who is a member of the Investment Industry Regulatory Organization of Canada ("IIROC") and the Canadian Investor Protection Fund ("CIPF"). This research report is provided to retail clients and institutional investors for information purposes only. The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of SCP's research department. The information in this report is drawn from sources believed to be reliable but the accuracy or completeness of the information is not guaranteed, nor in providing it does SCP or persons assume any responsibility or liability whatsoever. This report is not to be construed as an offer to sell or a solicitation of an offer to buy any securities. SCP accepts no liability whatsoever for any loss arising from any use or reliance on this research report or the information contained herein. Past performance is not a guarantee of future results, and no representation or warranty, expressed or implied, is made regarding future performance of any security mentioned in this research report. The price of the securities mentioned in this research report and the income they generate may fluctuate and/or be adversely affected by market factors or exchange rates, and investors may realize losses on investments in such securities, including the loss of investment principal. Furthermore, the securities discussed in this research report may not be liquid investments, may have a high level of volatility or may be subject to additional and special risks associated with securities and investments in emerging markets and/or foreign countries that may give rise to substantial risk and are not suitable for all investors. SCP may participate in an underwriting of, have a position in, or make a market in, the securities mentioned herein, including options, futures or other derivatives instruments thereon, and may, as a principal or agent, buy or sell such products. DISSEMINATION OF RESEARCH: SCP's research is distributed electronically through email or available in hard copy upon request. Research is disseminated concurrently to a pre-determined list of clients provided by SCP's Institutional Sales Representative and retail Investment Advisors. Should you wish to no longer receive electronic communications from us, please contact unsubscribe@scp-rf.comand indicate in the subject line your full name and/or corporate entity name and that you wish to unsubscribe from receiving research. RESEARCH ANALYST CERTIFICATION: Each Research Analyst and/or Associate who is involved in the preparation of this research report hereby certifies that: The views and recommendations expressed herein accurately reflect his/her personal views about any and all of the securities or issuers that are the subject matter of this research report; His/her compensation is not and will not be directly related to the specific recommendations or view expressed by the Research analyst in this research report; They have not affected a trade in a security of any class of the issuer within the 30-day period prior to the publication of this research report; They have not distributed or discussed this Research Report to/with the issuer, investment banking group or any other third party except for the sole purpose of verifying factual information; and They are unaware of any other potential conflicts of interest. UK RESIDENTS: SCP Partners UK Limited ("SCP UK") is an appointed representative of PillarFour Securities LLP which is authorized and regulated by the Financial Conduct Authority. This document has been approved under section 21(1) of the FMSA 2000 by PillarFour Securities LLP ("PillarFour") for communication only to eligible counterparties and professional clients as those terms are defined by the rules of the Financial Conduct Authority. Its contents are not directed at UK retail clients. PillarFour does not provide investment services to retail clients. PillarFour publishes this document as non-independent research which is a marketing communication under the Conduct of Business rules. It has not been prepared in accordance with the regulatory rules relating to independent research, nor is it subject to the prohibition on dealing ahead of the dissemination of investment research. It does not constitute a personal recommendation and does not constitute an offer or a solicitation to buy or sell any security. SCP UK and PillarFour consider this note to be an acceptable minor non-monetary benefit as defined by the FCA which may be received without charge. This is because the content is either considered to be commissioned by SCP UK's clients as part of their advisory services to them or is short term market commentary. Neither SCP UK nor PillarFour nor any of its directors, officers, employees or agents shall have any liability, howsoever arising, for any error or incompleteness of fact or opinion in it or lack of care in its preparation or publication; provided that this shall not exclude liability to the extent that this is impermissible under the law relating to financial services. All statements and opinions are made as of the date on the face of this document and are not held out as applicable thereafter. This document is intended for distribution only in those jurisdictions where PillarFour is permitted to distribute its research. IMPORTANT DISCLOSURES FOR U.S. PERSONS: This research report was prepared by SCP Resource Finance LP ("SCP"), a company authorized to engage in securities activities in Canada. SCP is not a registered broker/dealer in the United States and, therefore, is not subject to U.S. rules regarding the preparation of research reports and the independence of research analysts. This research report is provided for distribution to "major U.S. institutional investors" in reliance on the exemption from registration provided by Rule 15a-6 of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). Any U.S. recipient of this research report wishing to effect any transaction to buy or sell securities or related financial instruments based on the information provided in this research report should do so only through Sprott Global Resource Investments Ltd. ("SGRIL"), a broker dealer in the United States registered with the Securities Exchange Commission ("SEC"), the Financial Industry Authority ("FINRA"), and a member of the Securities Investor Protection Corporation ("SIPC"). Under no circumstances should any recipient of this research report effect any transaction to buy or sell securities or related financial instruments through SCP. SGRIL accepts responsibility for the contents of this research report, subject to the terms set out below, to the extent that it is delivered to a U.S. person other than a major U.S. institutional investor. The analyst whose name appears in this research report is not licensed, registered, or qualified as a research analyst with FINRA and may not be an associated person of SGRIL and, therefore, may not be subject to applicable restrictions under FINRA Rule 2241 regarding communications by a research analyst with a subject company, public appearances by the research analyst, and trading securities held by a research analyst account. To make further inquiries related to this report, United States residents should contact their SGRIL representative. Page 4 04 July 2023 ANALYST CERTIFICATION / REGULATION AC: The analyst and associate certify that the views expressed in this research report accurately reflect their personal views about the subject securities or issuers. In addition, the analyst and associate certify that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this research report. SCP RESOURCE FINANCE EXPLANATION OF RECCOMENDATIONS: Should SCP issue research with recommendations, the research rating guidelines will be based on the following recommendations: BUY: The stocks total returns are expected to be materially better than the overall market with higher return expectations needed for more risky securities markets NEUTRAL: The stock's total returns are expected to be in line with the overall market SELL: The stocks total returns are expected to be materially lower than the overall market TENDER: The analyst recommends tendering shares to a formal tender offering UNDER REVIEW: The stock will be placed under review when there is a significant material event with further information pending; and/or when the research analyst determines it is necessary to await adequate information that could potentially lead to a reevaluation of the rating, target price or forecast; and/or when coverage of a particular security is transferred from one analyst to another to give the new analyst time to reconfirm the rating, target price or forecast. NOT RATED ((N/R): The stock is not currently rated Research Disclosure

SCP Partners Investments

57 Investments

SCP Partners has made 57 investments. Their latest investment was in Magnolia Broadband as part of their Series F - II on July 09, 2013.

CBI Logo

SCP Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/9/2013

Series F - II

Magnolia Broadband

$3M

No

3

2/23/2010

Series B - II

Echo360

$6.8M

No

8/11/2009

Series F

Magnolia Broadband

$3.4M

No

8/8/2009

Series A

Subscribe to see more

$99M

Subscribe to see more

10

10/21/2008

Series B

Subscribe to see more

$99M

Subscribe to see more

0

Date

7/9/2013

2/23/2010

8/11/2009

8/8/2009

10/21/2008

Round

Series F - II

Series B - II

Series F

Series A

Series B

Company

Magnolia Broadband

Echo360

Magnolia Broadband

Subscribe to see more

Subscribe to see more

Amount

$3M

$6.8M

$3.4M

$99M

$99M

New?

No

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

10

0

SCP Partners Portfolio Exits

17 Portfolio Exits

SCP Partners has 17 portfolio exits. Their latest portfolio exit was Tammac Holdings on March 19, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/19/2019

Corporate Majority

$99M

2

10/18/2016

Acquired

$99M

3

10/22/2010

Acq - Fin

$99M

8/9/2010

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

12/11/2008

Acquired

Subscribe to see more

$99M

Subscribe to see more

0

Date

3/19/2019

10/18/2016

10/22/2010

8/9/2010

12/11/2008

Exit

Corporate Majority

Acquired

Acq - Fin

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

2

3

10

0

SCP Partners Acquisitions

2 Acquisitions

SCP Partners acquired 2 companies. Their latest acquisition was Wyndham Worldwide - Valley Forge Suites on September 18, 2003.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/18/2003

$99M

Acquired Unit

1

9/16/1998

Subscribe to see more

$99M

Subscribe to see more

0

Date

9/18/2003

9/16/1998

Investment Stage

Companies

Subscribe to see more

Valuation

$99M

$99M

Total Funding

Note

Acquired Unit

Subscribe to see more

Sources

1

0

SCP Partners Fund History

2 Fund Histories

SCP Partners has 2 funds, including SCP Private Equity Partners II LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2001

SCP Private Equity Partners II LP

Late-Stage Venture Capital

Closed

$563M

1

12/31/1997

SCP Private Equity Partners LP

Subscribe to see more

Subscribe to see more

$99M

10

Closing Date

12/31/2001

12/31/1997

Fund

SCP Private Equity Partners II LP

SCP Private Equity Partners LP

Fund Type

Late-Stage Venture Capital

Subscribe to see more

Status

Closed

Subscribe to see more

Amount

$563M

$99M

Sources

1

10

SCP Partners Team

6 Team Members

SCP Partners has 6 team members, including current Chief Financial Officer, Dennis P Ferry.

Name

Work History

Title

Status

Dennis P Ferry

Chief Financial Officer

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Dennis P Ferry

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Chief Financial Officer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.