Atomic Minerals Corp. Provides 2024 Corporate Update on Lead Projects in CDN and USANovember 13, 2024 7:30 AM EST | Source: Atomic Minerals Corp.Vancouver, British Columbia--(Newsfile Corp. - November 13, 2024) - Atomic Minerals Corp. (TSXV: ATOM) ("Atomic" or the "Company") is pleased to provide a corporate update on its current projects, including significant progress in Northern Saskatchewan, as well as the Bleasdell Lake, Harts Point, Dolores Anticline, and 10 Mile Anticline uranium projec ...

Canterra Minerals Drills 60 metres of 2.25% CuEq, Including 26 metres of 3.17% CuEq from Surface at the Buchans Project, NewfoundlandNovember 13, 2024 6:00 AM EST | Source: Canterra Minerals CorporationVancouver, British Columbia--(Newsfile Corp. - November 13, 2024) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) ("Canterra" or the "Company") is pleased to report initial results from the maiden drilling program at its 100% owned Buchans Project within the Central Newfoundland Minin ...

Search Minerals Completes Option Agreement and Acquires 100% of the Two Tom Property in LabradorNovember 12, 2024 2:50 PM EST | Source: Search Minerals Inc.St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - November 12, 2024) - Search Minerals Inc. (TSXV: SMY) ("Search" or the "Company"), is pleased to announce that pursuant to the agreement announced June 17, 2021, and extension provided on August 23, 2024, (the "Agreement") with United Gold, Aubrey Budgell and Donna Lewis (collectively, ...

Solis Minerals Encounters Copper Mineralisation Encountered During Reconnaissance at Canyon ProjectNovember 12, 2024 1:57 PM EST | Source: Solis Minerals Ltd.HIGHLIGHTSWidespread copper oxide mineralisation confirmed in initial reconnaissance sampling at Canyon Project, with copper occurrences in road-cuts over 400m.Rock grab samples returned assays of 0.74% Cu/ 0.07% Mo, and 0.53% Cu/ 0.02% Mo.Associated high molybdenum values indicate primary porphyry style mineralisation.Follow-up remote se ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

DALLAS, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the Partnership’s net income for the quarter ended September 30, 2024 of $36,413,000, or $0.87 per common unit. A comparison of the Partnership’s consolidated results for the quarters ended September 30, 2024 and 2023 are set forth below:  Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023Operating Revenues$53,472,000  $42,594,000 $121,811,000  $113,380,000N ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Viewpoint - Aura Minerals Inc. is acquiring Bluestone Resources Inc. through a definitive arrangement agreement, which includes a premium for Bluestone shareholders and aims to enhance Aura's growth pipeline and asset portfolio [1][2][4]. Transaction Highlights - Aura will acquire a 100% interest in Bluestone's Cerro Blanco gold project and the Mita Geothermal project [2]. - Bluestone is valued at approximately C$0.50 per share, representing a 51% premium to the current market price and a 40% premium to the 25-day volume weighted average price [2]. - Shareholders of Bluestone can choose between a cash payment of C$0.287, 0.0179 of an Aura common share, or a combination of both [2][6]. - A contingent value right (CVR) will provide potential cash payments of up to C$0.2120 per share, payable in three annual installments upon commercial production at Cerro Blanco [2][6]. Project Details - Cerro Blanco is a high-grade gold deposit located in Jutiapa, Guatemala, with a technical report filed in April 2022 [3]. - The Mita Geothermal project is licensed to produce up to 50 megawatts of power [3]. - Aura plans to evaluate future development options for Cerro Blanco after the transaction closes [3]. Benefits to Bluestone Shareholders - The transaction offers a total consideration premium of 40% based on the 25-day VWAP of Bluestone shares [5]. - Shareholders can maintain exposure to Cerro Blanco through Aura, a proven developer with a strong balance sheet [6]. Benefits to Aura Shareholders - The acquisition reinforces Aura's growth pipeline, aiming to exceed 450,000 gold equivalent ounces in production [7]. - Potential synergies exist due to the proximity of Cerro Blanco to Aura's existing operations in Honduras [7]. Transaction Approval Process - The transaction requires approval from at least 66-⅔% of Bluestone shareholders and is subject to regulatory and court approvals [8][12]. - The Board of Directors of both companies have unanimously approved the transaction [12]. Advisory and Legal Counsel - GenCap Mining Advisory Ltd. provided a fairness opinion to Bluestone's Board of Directors [13]. - Various legal advisors are engaged for both companies to facilitate the transaction [14]. Closing Timeline - The transaction is expected to close in January 2025, pending the satisfaction of all conditions [11].

Financial Performance - Third quarter earnings per share reached a record $1.45, or $1.51 excluding special items, marking a significant achievement for the company[1]. - Worldwide net sales totaled $525 million, reflecting a 4% decline as reported and a 2% decline on an underlying basis compared to the prior year[2]. - Operating income excluding special items was $79 million, a record for the third quarter, representing a 3% increase year-over-year and 15.1% of sales[2]. - The company reported a net income of $46.7 million, a 128% increase compared to the prior year, with net income attributable to MTI increasing by 137%[9]. - Net income attributable to the company for the quarter ended September 29, 2024, was $46.7 million, representing 8.9% of sales, compared to a net income of $19.7 million (3.6% of sales) for the quarter ended June 30, 2024[13]. - For the nine months ended September 29, 2024, net income attributable to the company was $113.1 million, compared to $44.4 million for the same period in 2023[13]. - Total sales for the nine months ended September 29, 2024, were $1,600.4 million, a decrease of 3% from $1,645.4 million in the same period last year[23]. Segment Performance - The Consumer & Specialties segment reported sales of $280 million, up 1% on an underlying basis, with operating income increasing by 9% to $42 million[3]. - The Engineered Solutions segment sales were $244 million, down 5% from the prior year, with operating income decreasing by 4% to $39 million[5]. - The Consumer & Specialties Segment reported operating income of $41.7 million, down 5% from $43.9 million in the prior quarter[25]. - The Engineered Solutions Segment's operating income was $38.8 million, a decrease of 13% from $44.7 million in the previous quarter[27]. - Year-over-year sales growth for the Specialty Additives segment was reported at (8)% as compared to a 9% impact from the deconsolidation of Oldco[18]. Cash Flow and Expenses - Free cash flow for the quarter ended September 29, 2024, was $35.3 million, up from $29.9 million in the previous quarter, with cash flow from operations at $60.0 million[17]. - Research and development expenses increased by 2% to $5.9 million, reflecting a 13% increase year-over-year[9]. - The company recorded a non-cash impairment of assets charge of $71.7 million in the third quarter of 2023 due to the Chapter 11 filing of BMI Oldco Inc.[15]. - The company initiated a restructuring and cost savings program in the second quarter of 2023, incurring restructuring charges of $6.6 million[15]. - The company recorded a $30.0 million provision for credit losses in the second quarter of 2024 related to Oldco's bankruptcy proceedings[14]. Shareholder Returns - The company announced a 10% increase in its quarterly dividend to $0.11 per share, payable on December 5, 2024[6]. - A new $200 million share repurchase program was authorized by the Board of Directors, reflecting confidence in the company's financial strength[7]. Balance Sheet Highlights - Total current assets increased to $1,140.8 million from $1,099.0 million, reflecting a growth of 3.1%[28]. - Accounts receivable, net rose to $412.5 million, up from $399.1 million, indicating a 3.4% increase[28]. - Total liabilities decreased to $1,649.2 million from $1,659.9 million, a reduction of 0.6%[28]. - Total shareholders' equity increased to $1,744.8 million from $1,686.7 million, representing a growth of 3.4%[28]. - Short-term debt decreased significantly to $60.0 million from $85.4 million, a decline of 29.0%[28]. - Long-term debt reduced to $894.7 million from $911.1 million, showing a decrease of 1.5%[28]. - Cash and cash equivalents remained stable at $317.1 million compared to $317.2 million[28]. - Inventories increased to $342.2 million from $325.4 million, reflecting a growth of 5.0%[28]. - Prepaid expenses and other current assets rose to $61.6 million from $53.0 million, an increase of 16.3%[28]. - Net property, plant, and equipment increased to $993.7 million from $986.8 million, a growth of 0.9%[28]. Market and Sales Insights - Total net sales for the quarter ended September 29, 2024, were $524.7 million, a decrease of 3% compared to $541.2 million in the previous quarter[23]. - Sales in the United States accounted for 51% of total sales, totaling $268.3 million, down 5% from $281.3 million in the prior quarter[23]. - International sales were $256.4 million, representing 49% of total sales, with a slight decrease of 1% from $259.9 million in the previous quarter[23]. Future Outlook - The company expects to continue driving shareholder value through margin expansion and innovative product introductions[2]. - The company plans to discuss operating results for the third quarter in a conference call scheduled for October 25, 2024[22].

Spark Energy Minerals Identifies Priority Targets and Accelerates "Boots on the Ground" Exploration at its Arapaima Lithium ProjectOctober 23, 2024 6:15 PM EDT | Source: Spark Energy Minerals Inc.Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company"), an exploration Company focused on the discovery of battery metals in Brazil's prestigious Lithium Valley, is pleased to announce a progress ...