Microfinance Market Poised to Reach US$ 496.9 billion by 2032 with a 10.8% CAGR
Microfinance Market Research Report By Type of Institution (Banks, Non-Banking Financial Institutions (NBFIs), Cooperatives, Credit Unions), By Product Type (Microloans, Savings Accounts, Insurance, Money Transfers), By Loan Purpose (Business Development, Education, Housing, Agriculture), By Target Customer (Microentrepreneurs, Low-Income Households, Women, Youth) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032
The global Microfinance Market has experienced significant growth in recent years and is set to expand further over the coming decade. In 2023, the market size was valued at USD 237 billion and is projected to grow from USD 262 billion in 2024 to USD 496.9 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.8% during the forecast period (2023–2032). The market's expansion is primarily driven by financial inclusion initiatives, increasing demand for small-scale loans, and the digital transformation of microfinance services.
Key Drivers of Market Growth
Rising Demand for Financial Inclusion
Microfinance plays a crucial role in providing financial services to underserved populations, particularly in developing regions. Governments and non-governmental organizations (NGOs) are promoting microfinance to empower low-income individuals and small businesses, driving market growth.
Growth of Micro, Small, and Medium Enterprises (MSMEs)
MSMEs rely on microfinance institutions (MFIs) for working capital and expansion funds, especially in emerging economies. The increasing number of small businesses and startups is fueling the demand for microcredit and microloans.
Adoption of Digital Microfinance Services
The integration of mobile banking, blockchain, and artificial intelligence (AI) in microfinance has improved accessibility and efficiency. Digital lending platforms and fintech innovations are enabling faster loan disbursements, reducing operational costs, and minimizing risks.
Government and Regulatory Support
Governments worldwide are implementing policies to support microfinance initiatives, including interest rate subsidies, financial literacy programs, and credit guarantee schemes. Regulatory frameworks are evolving to enhance transparency and security in the microfinance sector.
Increasing Participation of Impact Investors
Social impact investors and microfinance investment funds (MIVs) are actively supporting microfinance institutions, providing capital to expand financial access in rural and unbanked regions. The rising interest in sustainable finance is contributing to market expansion.
Download Sample Pages - https://www.marketresearchfuture.com/sample_request/24895
Key Companies in the Global Microfinance Market Include
Kiva
MicroVest
Accion International
PRODEM
SKS Microfinance
Women's World Banking
Opportunity International
Plan International
BRAC
FINCA International
Market Segmentation
To provide a comprehensive analysis, the global Microfinance Market is segmented based on service type, provider type, and region.
1. By Service Type
Microcredit: Small loans provided to individuals and businesses.
Micro-Savings: Low-income individuals using microfinance institutions to save money.
Micro-Insurance: Affordable insurance products tailored for underserved populations.
Remittance Services: Money transfer and payment services for low-income individuals.
2. By Provider Type
Microfinance Institutions (MFIs): Dedicated institutions offering small loans and financial services.
Banks: Commercial and rural banks integrating microfinance services.
Non-Governmental Organizations (NGOs): Non-profits supporting microfinance initiatives.
FinTech Companies: Digital platforms and mobile lending apps providing microfinance solutions.
3. By Region
North America: Increasing demand for microfinance solutions in underserved communities.
Europe: Growth driven by social impact investing and financial inclusion policies.
Asia-Pacific: Largest and fastest-growing region, with strong microfinance adoption in India, Bangladesh, and Indonesia.
Rest of the World (RoW): Expanding financial access in Latin America, Africa, and the Middle East.
The global Microfinance Market is on a strong growth trajectory, driven by digital innovation, financial inclusion efforts, and increasing support for small businesses. As microfinance institutions continue to evolve with technology-driven solutions, the industry is expected to play a key role in poverty reduction and economic development. With vast opportunities across various regions and financial segments, the future of the microfinance sector looks promising.
Related Report –
Machine Learning in Banking Market
Musical Instrument Insurance Market
About Market Research Future –
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. The MRFR team have a supreme objective to provide the optimum quality market research and intelligence services for our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Market Online
2 hours ago
- The Market Online
Almonty Industries: The new Pillar of Western Raw Material Security
The Western world is facing a raw material crisis with explosive geopolitical implications. In recent months, China has drastically tightened its export controls on critical minerals, affecting primarily strategically important metals such as gallium, germanium, antimony, and, most recently, tungsten. These raw materials are indispensable for the defense industry, semiconductor production, and high-tech manufacturing. Amid this tense situation, one company that is positioning itself as an important part of the solution is stepping into the spotlight: Almonty Industries (TSX: AII). The tungsten specialist operates strategically located tungsten projects in South Korea, Portugal, and Spain and will soon play a key role in supplying Western industries, as global tungsten supplies are expected to run critically low in the near future. Almonty as a countermodel to Chinese dependency Since mid-2023, China has gradually tightened its control over the export of critical raw materials. Gallium and germanium, essential for the semiconductor and solar industries, have been subject to strict export restrictions since August 2023. Antimony, a metal used in ammunition, batteries, and military equipment, followed in 2024. Particularly controversial is the increasingly restrictive handling of exports of so-called dual-use materials – substances with both civilian and military applications. Tungsten, an extremely hard and dense metal used in missile tips, armor plating, microchips, and cutting tools, also falls under these regulations. The consequences are already becoming apparent: According to Martin Hotwagner of Steel & Metals Market Research in Austria, every vehicle contains an average of around 300 grams of tungsten – most of which is lost during recycling. The result: declining reserves, rising prices, and increasing pressure to act in the US, Europe, and Japan. As supplies dwindle, he expects Western companies will run out of tungsten by the end of the summer. Western governments are urgently looking for alternatives – and in doing so, they are turning their attention to Almonty Industries. The strategic rise of Almonty Industries In recent years, Almonty (TSX: AII) has systematically positioned itself as a non-Chinese supplier of tungsten and, in the future, molybdenum. With the Sangdong mine in South Korea set to start production soon, the Company is in a unique position: once operational, Sangdong will be one of the largest sources of tungsten outside China and will be able to cover up to 40% of non-Chinese global production. The mine has a life span of over 90 years, and the rock has an exceptionally high tungsten content. The geopolitical relevance has not gone unnoticed: the US, which classifies tungsten as critical to national security, has already recognized Almonty as a strategic partner. The Company has signed exclusive purchase agreements with US defense contractors, including price floors guaranteeing a long-term economic basis. At the same time, Almonty is planning a NASDAQ listing and relocating its headquarters to the US in order to be more closely connected both politically and in terms of regulation. In recent weeks, two US military representatives, General Gustave Perna and Alan Estevez, have joined Almonty's board of directors. Conclusion: From mine operator to guarantor of Western supply security At a time when China is deliberately using its economic power as a political lever, independent sources of raw materials are becoming increasingly important. Almonty Industries (TSX: AII) not only meets this requirement but also offers a stable foundation for Western industrial policy thanks to its geographical diversification, operational experience, and political connections. The beginning of the restructuring of global supply chains is no longer theory – it is reality. And right at the heart of it: a tungsten producer that is in the right place at precisely the right time. The planned NASDAQ listing will open access to the world's largest capital market and should significantly increase demand for Almonty shares. Peter Thilo Hasler, an analyst at Sphene Capital, has issued a 'Buy' recommendation for Almonty with a price target of CAD 5.40. Almonty Industries Inc., 12-month chart in CAD on the TSX, as of June 8, 2025 source: LSEG Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') currently hold or hold shares or other financial instruments of the aforementioned companies and speculate on their price developments. In this respect, they intend to sell or acquire shares or other financial instruments of the companies (hereinafter each referred to as a 'Transaction'). Transactions may thereby influence the respective price of the shares or other financial instruments of the Company. In this respect, there is a concrete conflict of interest in the reporting on the companies. In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual this reason, there is also a concrete conflict of interest. The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies. Risk notice Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such. The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user. The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use. This is third-party provided content issued on behalf of Almonty Industries, please see full disclaimer here.
The Market Online
2 hours ago
- The Market Online
Print money now! Gold over 3400, silver already at 36 – Barrick, Globex Mining, First Majestic, D-Wave, and Hensoldt
Debt and inflation are causing yields to rise, and now gold and silver are also booming! In addition to defense and high-tech stocks, investors have finally taken a liking to precious metals. Commodity investors have had to wait a long time for this moment, but now prices are rising rapidly. Investors should add stocks like the long-overlooked Barrick Mining and First Majestic Silver to their portfolios, while Globex Mining (TSX:GMX) is an outright buy. The Company holds over 250 properties, which are currently increasing in value daily. On the other hand, the high-tech stock D-Wave and the defense stock Hensoldt have already advanced excessively. We can help with portfolio rebalancing. First Majestic and Barrick Gold – The only way is up! Barrick Gold recently changed its name to Barrick Mining. This change reflects the Company's increasing focus on copper, which currently accounts for 20% of production and is expected to rise to 30% by 2029. The Reko Diq copper-gold project in Pakistan will contribute significantly to this and is scheduled to go into production in 2028. In Q1 2025, Barrick achieved net income of USD 474 million, or USD 0.27 per share, a significant increase from USD 295 million in the previous year. Gold production fell to 758,000 ounces, and copper production declined to 44,000 tons. Despite these declines, the Company benefited from higher gold and copper prices, and margins improved significantly. Barrick reaffirmed its production targets for 2025 and is focusing on growth through its projects in Pakistan and Zambia. CEO Mark Bristow recently emphasized the need for sustainable solutions in mining and expressed optimism about the Company's future development. With an annual performance of only 11%, analysts on the LSEG platform see room for growth from the current level of around CAD 27 to CAD 37. Silver is increasingly becoming the focus of investors, alongside gold. Unlike the yellow metal, silver is also widely used in the high-tech, defense, medical, and industrial sectors. Global availability has been declining for years as producing mines are reaching the end of their life, and new projects still need some time to bring exploration material to market. Shares in silver producer First Majestic have seen a significant surge of over 15% since May. In the first quarter, with silver prices well above USD 30, the Company reported record operating cash flow of USD 110 million. This brought cash and cash equivalents to USD 462 million, the highest level in the Company's 21-year history. A total of 7.7 million ounces of silver equivalent were produced in Q1, which is approximately 26% of the Company's average production forecast for 2025. The Company achieved record mining revenue of USD 63.8 million, with EBITDA of USD 98.8 million. Consolidated cash costs amounted to USD 13.68 per ounce of silver equivalent, representing a 9% decrease compared to Q1 2024. They are also 6% below the Company's average cost forecast for 2025. The share buyback program will continue, which could further boost the share price. The time is ripe! Globex Mining – In pole position with over 250 projects CEO Jack Stoch views the developments in the precious metals sector with calm confidence. He founded his first mining company back in the 1970s when the price of gold was still between USD 50 and USD 200. With gold trading at over USD 3,300 an ounce, the setup for his asset management holding company-like collection of properties looks excellent. According to experts, stock market valuations are likely to rise sharply in the near future, especially for projects that still have their resources in the ground, as producers are faced with significantly higher transaction costs when acquiring junior companies. Because too little exploration has been done in recent years, there is now considerable pressure to move promising projects forward. For Globex Mining (TSX:GMX), this is a stroke of luck: the Company owns over 250 mineral concessions in Canada, mainly focused on gold and metal projects in Quebec. The deposits are at various stages of development, and some are linked to partnerships through option and royalty models. This leads to a constant deal flow within the portfolio and ensures regular cash inflows. There is currently an update on partner Azimut Exploration. The explorer has released further positive test results from the Perseus nickel zone discovered in 2024, which is located southeast of Globex's Tyrone property in the Eeyou Istchee region of James Bay. There, 30 selected high-grade nickel samples contained more than 3.0% nickel, including the full suite of platinum group elements with grades of 1.16 g/t rhodium, 0.43 g/t iridium, 2.75 g/t ruthenium, and 0.45 g/t osmium, significantly enhancing the potential value of the Perseus zone. The gold and tellurium grades are also anomalous, with grades of up to 1.13 g/t gold and 32.1 g/t tellurium, respectively. The high-grade mineralization is associated with a magnetic anomaly that extends from Globex's Tyrone property into an area that has not yet been fully explored. Progress here will be exciting! Once again, Globex proves that its strategy is on the right track, and positive news is likely to become more frequent in the near future. GMX shares are currently trading at around CAD 1.42, with 56.294 million shares outstanding, giving the Company a market capitalization of CAD 79.3 million. The exciting part remains: around 30% of this valuation is backed by cash and shares from partner companies. Mergers and acquisitions could really get the party started! In May, CEO Jack Stoch presented at the International Investment Forum. Click here for the video recording with lots of updates on the properties. D-Wave Quantum and Hensoldt – Take profits! We will briefly discuss two companies that have performed excellently. First, there is quantum computer expert D-Wave, which has been causing a stir on the NASDAQ with a spectacular 1,000% increase since 2024. This is based on reports that the latest generation of quantum computers significantly outperforms current technologies both in terms of speed and power consumption. The Company only generated a few million in revenue in 2024 and is now reportedly experiencing a flood of orders. However, analysts are finding it difficult to formulate adequate price targets, as the sky is not yet the limit for this year. With a valuation of over USD 5 billion, the price-to-sales ratio is currently still above 200. The share price is, therefore, likely to remain very volatile. The market value of Hensoldt shares is now similarly ambitious. Here, too, investors are expecting a flood of orders from NATO countries. The revenue of EUR 2.24 billion reported in 2024 is expected to grow to over EUR 5 billion by 2029. The stock is already valued at a price-to-sales ratio of 6. And according to the LSEG platform, the 2026 P/E ratio is a whopping 44. JPMorgan published an update last week and set the 12-month price target at EUR 110. The already overbought share price promptly shot up by another 20% to EUR 108.80. It was not until Friday that the value fell back below the EUR 100 mark. Caution: profit-taking could still increase significantly! Selection has become key in the capital markets. While US President Trump continues to subject his country to one reputational blow after another, yields on US bonds are skyrocketing. Notably, China has announced plans to exchange long-term US bonds for gold. This is increasing buying pressure in the markets for precious metal producers like Barrick and First Majestic, as well as for the junior Globex Mining, which is still significantly undervalued due to its estimated millions of ounces still in the ground. Caution is advised with overvalued stocks like D-Wave Quantum and Hensoldt! Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') currently hold or hold shares or other financial instruments of the aforementioned companies and speculate on their price developments. In this respect, they intend to sell or acquire shares or other financial instruments of the companies (hereinafter each referred to as a 'Transaction'). Transactions may thereby influence the respective price of the shares or other financial instruments of the Company. In this respect, there is a concrete conflict of interest in the reporting on the companies. In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual this reason, there is also a concrete conflict of interest. The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies. Risk notice Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such. The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user. The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use. This is third-party provided content issued on behalf of Globex Mining, please see full disclaimer here.
Cision Canada
4 hours ago
- Cision Canada
TALON METALS ANNOUNCES $24 MILLION FINANCING COMPRISED OF $10 MILLION BROKERED PRIVATE PLACEMENT AND CONCURRENT $14 MILLION NON-BROKERED PRIVATE PLACEMENT
ROAD TOWN, Tortola, British Virgin Islands, June 9, 2025 /CNW/ - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) (" Talon" or the " Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (" Canaccord Genuity") to act as lead underwriter and sole-bookrunner, on behalf of a syndicate of underwriters to be formed (together with Canaccord Genuity, the " Underwriters"), in connection with a "bought deal" private placement offering of 45,460,000 units of the Company (the " LIFE Units") at a price of $0.22 per LIFE Unit (the " Offering Price") for aggregate gross proceeds of $10,001,200 (the " LIFE Offering"). The Company has also granted the Underwriters an option, exercisable in whole or in part up to 48 hours prior to the closing of the LIFE Offering, to purchase up to an additional 6,819,000 LIFE Units at the Offering Price for additional gross proceeds of up to $1,500,180. Concurrent with the LIFE Offering, the Company plans to complete a non-brokered private placement of up to 62,227,274 units of the Company (the " Non-LIFE Units" and, together with the LIFE Units, the " Units") at the Offering Price per Non-LIFE Unit for aggregate gross proceeds of up to approximately $13,690,000 (the " Non-LIFE Offering" and, together with the LIFE Offering, the " Offerings"). The Non-LIFE Units will be issued on the same terms as the LIFE Units. The Non-LIFE Units may be offered to purchasers resident in Canada pursuant to applicable prospectus exemptions, other than the Listed Issuer Financing Exemption (as defined below), in accordance with applicable laws, and may also be offered in other qualifying jurisdictions outside of Canada on a private placement basis pursuant to relevant prospectus or registration exemptions in accordance with applicable laws. Any securities issued under the Non-LIFE Offering to purchasers resident in Canada will be subject to a hold period in accordance with applicable Canadian securities laws, expiring four months and one day following the issue date of the Non-LIFE Units. The Non-LIFE Offering will be completed with certain directors, officers and affiliates of Pallinghurst Nickel International Ltd. Each Unit will be comprised of one common share of the Company (a " Common Share") and one-half of one Common Share purchase warrant of the Company (each whole Common Share purchase warrant, a " Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share (a " Warrant Share") at a price of $0.28 per Warrant Share for a period of 36 months from the closing of the LIFE Offering or Non-LIFE Offering, as applicable. In the event that the closing price of the Common Shares on the Toronto Stock Exchange (the " TSX") (or such other Canadian stock exchange on which the Common Shares are then listed) for twenty (20) consecutive trading days exceeds $0.56, the Company may, within 10 business days of the occurrence of such event, deliver a notice (including by way of a news release) to the holders of Warrants accelerating the expiry date of the Warrants to the date that is 30 days following the date of such notice. The LIFE Units will be offered pursuant to Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the " Listed Issuer Financing Exemption"), to purchasers resident in Canada (other than the province of Québec), and in other qualifying jurisdictions outside of Canada that are mutually agreed to by the Company and the Underwriters on a private placement basis pursuant to relevant prospectus or registration exemptions in accordance with applicable laws. The securities issued under the LIFE Offering to Canadian subscribers will not be subject to a hold period in Canada. There is an offering document related to the LIFE Offering (the " Offering Document") that can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Prospective investors should read the Offering Document before making an investment decision. The Company intends to use the net proceeds from the Offerings to advance the Tamarack Nickel Project and for general and administrative expenses and working capital purposes, as further described in the Offering Document. The Offerings are expected to close on or about June 19, 2025, or such other date as the Company and Canaccord Genuity may agree (the " Closing Date"). The Non-LIFE Offering may close on a date subsequent to or prior to the closing date of the LIFE Offering at the discretion of the Company. The Offerings are subject to the Company receiving all necessary regulatory approvals, including the approvals of the TSX. The closing of the LIFE Offering is not conditional upon closing of the Non-LIFE Offering, and the closing of the Non-LIFE Offering is not conditional upon closing of the LIFE Offering. The Units (and the underlying securities) to be offered pursuant to the Offerings have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Talon Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with additional high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project and currently owns 51%. Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Beulah Mineral Processing Facility in Mercer County was selected by the US Department of Energy for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of Defense awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams. Forward-Looking Statements This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations and beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to the Offerings, including the completion and anticipated timing for completion of the Offerings, the potential size of the Offerings, the Company's intended use of the net proceeds of the Offerings, the receipt of all necessary regulatory approvals, including the approvals of the TSX, and the Company's exploration and development plans. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
