Group 1: Company Overview - Canadian Critical Minerals Inc. (CCMI) is focused on copper production assets in Canada, with its main asset being the 100% owned Bull River Mine project near Cranbrook, British Columbia, which contains copper, gold, and silver resources [5] - The company also holds a 10% interest in XXIX Metal Corp., which owns the Thierry Mine copper project in Ontario and the Opemiska Mine copper project in Quebec [5] Group 2: Recent Operational Updates - In March 2025, CCMI trucked 254 dry metric tonnes of sorted mineralized material to New Afton, receiving a provisional payment of approximately USD$79,000 for these shipments [1] - The mineralized material sent to New Afton had grades of 3.14% copper, 0.82 g/t gold, and 25.2 g/t silver [1] - The company faced operational challenges due to spring road restrictions in southern British Columbia, limiting the payload to 50% of normal, which affected the volume of material transported [2] - Operational issues with the x-ray transmissive ore sorter led to a lower copper grade than planned for March 2025; however, these issues have been resolved, and the sorter is now functioning effectively [3] Group 3: Future Plans - CCMI plans to resume trucking of mineralized material in late April to early May 2025 once road restrictions are lifted [2] - All rejects from sorting have sufficient grades to be processed at the Bull River Mine once the mill is re-permitted to operate [3]

Group 1 - Black Stone Minerals (NYSE: BSM) has increased its acquisition spending to $110 million in 2024 [2] - The company's distribution coverage was approximately 1.1x during 2024, indicating a need to utilize its resources effectively [2] - The focus of the investment group Distressed Value Investing is on value opportunities and distressed plays, particularly in the energy sector [2]

FIRST QUARTER 2025 EARNINGS CONFERENCE CALL April 25, 2025 © 2025 Minerals Technologies Inc. All Rights Reserved. Forward-Looking Statements and Non-GAAP Measures This presentation may contain "forward‐looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations and forecasts of future events such as new products, revenues, and financial performance, and are not limited to describing historical or current facts. They ...

Core Viewpoint - Sokoman Minerals Corp. announces a non-brokered private placement of flow-through shares for gross proceeds of up to CAD$400,000, expected to close by May 7, 2025 [1][2]. Group 1: Private Placement Details - The private placement is priced at CAD$0.05 per flow-through share, with the first closing of CAD$300,000 imminent [2]. - All securities issued will be subject to a four-month and one-day hold period [2]. - The company may pay finders' fees in cash and broker warrants as permitted by the TSX Venture Exchange [3]. Group 2: Use of Proceeds - The company intends to use the gross proceeds from the sale of flow-through shares to incur eligible Canadian exploration expenses, specifically flow-through mining expenditures, by December 31, 2026 [4]. - A total of CAD$400,000 is planned to be spent on exploration projects [5]. Group 3: Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing on gold projects [6]. - The company's flagship projects include Moosehead, Crippleback Lake, and Fleur de Lys, targeting Dalradian-type orogenic gold mineralization [6]. - The company has a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [6]. Group 4: Recent Developments - In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc. to advance a lithium project [7].

Minerals Technologies Inc. (NYSE:MTX) Q1 2025 Earnings Conference Call April 25, 2025 11:00 AM ET Company Participants Lydia Kopylova - Head of IR Doug Dietrich - Chairman and CEO Erik Aldag - CFO Brett Argirakis - Group President, Engineered Solutions Conference Call Participants Daniel Moore - CJS Securities Mike Harrison - Seaport Research Partners David Silver - C.L. King Pete Osterland - Truist Securities Operator Good morning. And welcome to the Minerals Technologies Inc. First Quarter 2025 Earnings C ...

Financial Data and Key Metrics Changes - First quarter sales were $492 million, an 8% decrease year-over-year primarily due to lower volumes and unfavorable mix, along with unfavorable foreign exchange [20][22] - Operating income was $63 million, with an operating margin of 12.9%, impacted by temporary cost increases in the Consumer and Specialty segment [22][23] - Earnings per share excluding special items was $1.14, with several special items recorded including a $215 million provision for BMI Old Co [23][24] Business Line Data and Key Metrics Changes - In the Consumer and Specialties segment, first quarter sales were $268 million, adversely affected by changes in customer order patterns and cautious inventory management [23][25] - The Engineered Solutions segment reported first quarter sales of $224 million, with stable market conditions in North America but lower demand in Europe [26][27] - Positive trends were noted in Household and Personal Care, with sales up 6% from the prior year, while Specialty Additives also saw growth in ground calcium carbonate [25][26] Market Data and Key Metrics Changes - The North American foundry market remained stable, while the China foundry business experienced strong growth due to higher export production [15][27] - Environmental and Infrastructure projects showed stability, with sales of Environmental Lighting applications up 19% year-over-year [28] - The overall market remains uncertain, with customer behavior influenced by changing tariff structures and economic conditions [10][11] Company Strategy and Development Direction - The company aims to penetrate core markets further, grow sales of higher-margin consumer-oriented products, and drive innovation [17][18] - The focus remains on products that address long-term growth pathways, such as water filtration technologies and renewable fuels [17][18] - The company is prepared to make operational and cost adjustments as needed to maintain a strong financial position [18] Management's Comments on Operating Environment and Future Outlook - Management characterized the quarter as challenging but noted a potential uptick in sales patterns moving into the second quarter [10][11] - There is significant uncertainty in the markets, but management remains confident in the company's long-term growth targets [17][18] - The company expects a stronger second quarter with sales projected to be 5% to 10% higher than the first quarter [34][36] Other Important Information - The company identified $10 million in cost savings targeted at efficiency improvements and general reductions in overhead [8][9] - A reserve of $215 million was established for estimated costs related to talc claims and ongoing litigation [9][23] - The company has a solid balance sheet with nearly $700 million in liquidity and a net leverage ratio of 1.7 times EBITDA [33] Q&A Session Summary Question: Update on talc litigation and reserve estimates - Management noted progress in mediation and confidence in the estimated costs for the trust and ongoing litigation [40][41] Question: Expectations for organic top-line growth amid uncertainty - Management indicated that while the first quarter was slow, there is a base demand that could lead to low single-digit growth if order patterns normalize [43][46] Question: Cadence of cost savings and margin improvement - Cost savings are expected to ramp up meaningfully in the third quarter, contributing to margin improvement [50][51] Question: Impact of tariffs on magnesium oxide and inventory strategies - Management confirmed that magnesium oxide is subject to tariffs, but they have built inventories to mitigate potential impacts [66][68] Question: Volatility in Household and Personal Care business - Management acknowledged recent volatility but expressed confidence in the long-term growth potential of the category [70][74] Question: Customer behavior regarding R&D and product development amid tariffs - Management reported that customer interest in new product developments remains strong despite tariff uncertainties [80][82] Question: Update on PFAS remediation projects and pilot plants - The pipeline for PFAS remediation remains strong, with ongoing trials and significant project wins [87][90]

Financial Data and Key Metrics Changes - First quarter sales were $492 million, an 8% decrease year-over-year primarily due to lower volumes and unfavorable mix, along with unfavorable foreign exchange [20][22] - Operating income was $63 million, with an operating margin of 12.9%, impacted by temporary cost increases in the Consumer and Specialty segment [22][23] - Earnings per share excluding special items was $1.14, with several special items recorded including a $215 million provision for BMI Old Co [23][24] Business Line Data and Key Metrics Changes - In the Consumer and Specialties segment, first quarter sales were $268 million, adversely affected by changes in customer order patterns and cautious inventory management [24][25] - The Engineered Solutions segment reported first quarter sales of $224 million, with stable market conditions in North America but softer demand in Europe [26][27] - Positive trends were noted in Household and Personal Care, with sales up 6% from the prior year in edible oil and renewable fuel purification [25][28] Market Data and Key Metrics Changes - The North American foundry market remained stable, while the China foundry business experienced strong growth due to higher export production [15][27] - Environmental and Infrastructure projects showed stability, with a 19% increase in sales for Environmental Lighting applications [28] - The overall market remains uncertain, with expectations of a significant downturn in the U.S. economy potentially affecting future performance [16][18] Company Strategy and Development Direction - The company aims to penetrate core markets further, focusing on higher-margin consumer-oriented products and driving innovation [17][18] - Strategies are aligned with secular trends, targeting efficiency and cost savings for customers, particularly in water filtration and renewable fuels [17][18] - The company is prepared to make operational adjustments and has a strong foundation to navigate uncertainties ahead [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging first quarter but noted an uptick in sales in March, indicating potential recovery [6][11] - The forecast for the second quarter encompasses a range of outcomes based on customer reactions to the economic landscape [11][34] - Confidence remains in long-term growth targets despite current market uncertainties, with a focus on maintaining a strong financial position [17][18] Other Important Information - The company identified $10 million in cost savings targeted at efficiency improvements and general reductions in overhead [8][9] - A reserve of $215 million was established for estimated costs related to talc claims and ongoing litigation [9][23] - The company has nearly $700 million in liquidity and a net leverage ratio of 1.7 times EBITDA, indicating a solid balance sheet [33] Q&A Session Summary Question: Update on talc litigation and reserve estimates - Management reported progress in mediation and confidence in the estimates for funding the trust and ongoing litigation costs [40][41] Question: Expectations for organic top-line growth amid macro impacts - Management indicated uncertainty in growth projections but noted a stable base demand and potential for low single-digit growth [43][46] Question: Cadence of cost savings and margin improvement - Cost savings are expected to ramp up meaningfully in the third quarter, contributing to margin improvement [50][51] Question: Operating margin outlook for 2025 - Management expects operating margins to potentially improve in the second half of the year, with a target of 15% [62][63] Question: Impact of tariffs on magnesium oxide sourcing - Management confirmed that magnesium oxide is sourced from multiple locations, including China, and inventory levels are being built up in anticipation of tariff impacts [66][68] Question: Volatility in Household and Personal Care business - Management acknowledged recent volatility but expressed confidence in the long-term growth potential of the category [70][74] Question: Customer attitudes towards R&D and product development amid tariffs - Management reported no significant changes in customer engagement regarding new product developments, indicating continued interest in high-value products [80][82] Question: Update on PFAS remediation projects - Management highlighted a strong pipeline for PFAS remediation projects, with ongoing trials and significant contract wins [90][92]

Core Viewpoint - Sokoman Minerals Corp. has successfully completed the spin-out of approximately half of its shares in Vinland Lithium Inc. to its shareholders, with the distribution effective April 30, 2025 [1][2]. Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing primarily on gold projects, including the flagship Moosehead project and others targeting Dalradian-type orogenic gold mineralization [4]. - The company has entered a strategic alliance with Benton Resources Inc. for large-scale joint-venture properties in Newfoundland [4]. Spin-Out Details - The spin-out involves a total of 2,025,126 common shares of Vinland being distributed to shareholders, while Sokoman will retain 2,000,000 shares of Vinland [2]. - Shareholders holding at least 8,000 Sokoman shares will receive approximately 50 Vinland shares for every 8,000 Sokoman shares owned [1][2]. - New Sokoman shares will be listed on the TSX Venture Exchange on April 29, 2025, while Old Sokoman shares will be delisted effective April 28, 2025 [3]. Market Context - Vinland has made a separate application for listing its shares on the TSX Venture Exchange, although no Vinland shares will be listed upon the closing of the spin-out [3].

Core Insights - Minerals Technologies (MTX) reported a revenue of $491.8 million for the quarter ended March 2025, reflecting an 8% decline year-over-year, with EPS at $1.14 compared to $1.49 in the same quarter last year [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $492 million, resulting in a surprise of -0.04%, while the EPS fell short of the consensus estimate of $1.16 by -1.72% [1] Revenue Performance - Revenue from the Engineered Solutions segment was $223.50 million, exceeding the two-analyst average estimate of $217.25 million, but showing a year-over-year decline of 5.9% [4] - Revenue from the Consumer & Specialties segment was $268.30 million, which was below the two-analyst average estimate of $274.75 million, marking a year-over-year decrease of 9.6% [4] Operating Income - Operating income for the Engineered Solutions segment was reported at $33.60 million, slightly above the average estimate of $33.10 million from two analysts [4] - Operating income for the Consumer & Specialties segment was $27.50 million, significantly lower than the two-analyst average estimate of $33.90 million [4] Stock Performance - Over the past month, shares of Minerals Technologies have returned -9.4%, underperforming the Zacks S&P 500 composite, which saw a change of -4.8% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Minerals Technologies (MTX) came out with quarterly earnings of $1.14 per share, missing the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.72%. A quarter ago, it was expected that this maker of mineral, mineral-based and synthetic mineral products would post earnings of $1.39 per share when it actually produced earnings of $1.50, delivering a ...