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First Phosphate Corp. Welcomes the Addition of Phosphorous to the Critical Minerals List of Canada
Newsfile· 2024-06-10 17:12
First Phosphate Corp. Welcomes the Addition of Phosphorous to the Critical Minerals List of Canada Research studies on Quebec igneous anorthosite can be found at: https://firstphosphate.com/phosphate-industry/quebecanorthosite Forward-Looking Information and Cautionary Statements position Canada as a sustainable and strategic partner within global supply chains For additional information, please contact: ● Saguenay, Quebec--(Newsfile Corp. - June 10, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (F ...
Forte Minerals announces C$1.5M financing to propel exploration efforts in Peru
Proactiveinvestors NA· 2024-06-05 13:56
About this content We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a f ...
African Rainbow Minerals Limited Acquires Shares of Surge Copper Corp.
GlobeNewswire News Room· 2024-06-03 12:41
About ARM ARM is a South African diversified mining and minerals company with operations in South Africa and Malaysia. ARM mines and beneficiates iron ore, manganese ore, chrome ore, platinum group metals, nickel and coal and also has an investment in Harmony Gold Mining Company Limited. ARM's head office is located at 29 Impala Road, Chislehurston, Sandton, Johannesburg, Gauteng, South Africa 2196. Surge's head office is located at 888-700 West Georgia Street, Vancouver, British Columbia V7Y 1G5. TORONTO, ...
Ridgeline Minerals Provides Exploration Portfolio Update
Newsfile· 2024-05-30 12:00
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2024) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FRA: 0GC0) ("Ridgeline" or the "Company") is pleased to provide a 2024 exploration update across its portfolio of five projects in Nevada, two of which are being fully funded under earn-in exploration agreements with Nevada Gold Mines ("NGM") (Figure 1). Ridgeline anticipates a 2024 exploration spend up to US $5.5 million, with roughly US $5 million to be spent by NGM advancing the Swift and B ...
Royal Road Minerals unveils promising results from Jabal Sahabiyah exploration
proactiveinvestors.com· 2024-05-29 13:56
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
Strategic Minerals Announces Voting Results of Annual and Special Shareholders Meeting
newsfilecorp.com· 2024-05-28 21:00
Toronto, Canada--(Newsfile Corp. - May 28, 2024) - Strategic Minerals Europe Corp. (CBOE CA: SNTA) (OTCQB: SNTAF) (FSE: 26K0) ("Strategic" or the "Company"), a company focused on the production, development, and exploration of tin, tantalum, and niobium, is pleased to announce (i) the results of its annual and special meeting of shareholders ("AGM") held on May 24, 2024; and (ii) that at the AGM the shareholders of the Company (the "Shareholders") approved the amalgamation (the "Amalgamation") of the Compan ...
Minerals Technologies Inc. (MTX) Hit a 52 Week High, Can the Run Continue?
zacks.com· 2024-05-27 14:15
Have you been paying attention to shares of Minerals Technologies (MTX) ? Shares have been on the move with the stock up 15.7% over the past month. The stock hit a new 52-week high of $85.28 in the previous session. Minerals Technologies has gained 19.5% since the start of the year compared to the 0.6% move for the Zacks Basic Materials sector and the -19.9% return for the Zacks Chemical - Specialty industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprise ...
Iberamerican Provides an Update on the Business Combination with Strategic Minerals
newsfilecorp.com· 2024-05-27 07:30
Iberamerican Provides an Update on the Business Combination with Strategic Minerals May 27, 2024 3:30 AM EDT | Source: IberAmerican Lithium Corp. Toronto, Ontario--(Newsfile Corp. - May 27, 2024) - IberAmerican Lithium Corp. (CBOE: IBER) (OTCQB: IBRLF) (FSE: W2C.F) ("IberAmerican" or the "Company"), a company focused on the exploration of lithium, is pleased to provide an update on the previously announced proposed acquisition of Strategic Minerals Europe Corp. ("Strategic Minerals"). On May 24, 2024, Strat ...
Dorchester Minerals: 10% Yield On Energy Royalties, Plus Peers
seekingalpha.com· 2024-05-26 13:15
Core Viewpoint - Dorchester Minerals, L.P. (DMLP) operates similarly to royalty trusts by collecting royalties from energy producers and distributing 100% of its net income to unitholders, making it an attractive high-yield investment option in the energy sector [1][5]. Company Overview - Dorchester Minerals, L.P. is involved in acquiring, owning, and managing royalty properties across the US, with interests in 593 counties and parishes in 28 states [2][3]. - The company was founded in 1982 and is headquartered in Dallas, Texas, with significant holdings in Texas (1.89 million gross acres), North Dakota (523,000 gross acres), and Montana (366,000 gross acres) [3]. Revenue Composition - DMLP's revenue sources include 77% from oil, 14% from gas, and 9% from natural gas liquids, with 72% of revenues derived from royalties and 26% from net profits interests (NPI) [5]. Reserves and Production - As of December 31, 2023, DMLP had total reserves of 13.9 million barrels of oil equivalent (MMBoe), reflecting a decrease in production but an increase in reserves due to revisions and acquisitions [7]. - The company has seen significant increases in oil production (15%), gas production (25%), and natural gas liquids production (154%) from 2019 to 2023 [9]. Financial Performance - In Q1 2024, DMLP reported operating revenues of $30.98 million, a decline of 22.88% compared to Q1 2023, with net income decreasing by 35.27% to $18.17 million [11][14]. - The average prices for oil and natural gas sales in Q1 2024 were $63.89 per barrel and $2.37 per thousand cubic feet, respectively [12]. Dividends - DMLP's most recent distribution was $0.7818, yielding 9.88%, with a strong 5-year dividend growth average of over 24% [15][16]. - The coverage ratio for distributions dropped to 0.68 in Q1 2024, indicating a decrease in cash flow relative to distributions [18]. Market Position - DMLP has a market capitalization of approximately $1.27 billion, placing it in the middle tier among similar companies in the energy sector [20]. - The company has a trailing yield of 10.45%, which is competitive compared to peers like Black Stone Minerals and Kimbell Royalty [21]. Performance Metrics - DMLP's total return over the past year was 17.63%, outperforming many peers, with a notable yield contributing to this performance [24]. - The company has lagged the energy sector in 2024 but has shown resilience with a strong yield [24]. Management and Governance - DMLP's general partner has no incentive distribution rights, aligning management interests with unitholders, as management's limited partner interest exceeds its general partner interest by 2.3 times [26].
Casa Minerals Announces Private Placement Continuation
newsfilecorp.com· 2024-05-24 22:18
None of the securities issued in the Offering will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful ...