Core Insights - Minerals Technologies Inc. (MTI) reported a significant loss per share of $4.51 for Q1 2025, primarily due to a reserve established for its subsidiary BMI OldCo's Chapter 11 case. Excluding special items, earnings were $1.14 per share [1][4][21] - The company initiated a $10 million cost savings program, mainly through workforce reductions, with an expected full run rate by early 2026 [5][22] Financial Performance - Worldwide net sales for Q1 2025 were $492 million, down 8% year-over-year, impacted by softer demand and unfavorable foreign exchange effects [2][28] - Reported operating loss was $160 million, while operating income excluding special items was $63 million, representing 12.9% of sales [3][29] - Special items totaled $223 million, including a $215 million provision for talc-related claims and the Chapter 11 case [4][30] Segment Results - Consumer & Specialties segment sales were $268 million, down 10% from the prior year, with Household & Personal Care sales at $123 million (down 11%) and Specialty Additives at $145 million (down 8%) [6][7][28] - Engineered Solutions segment sales were $224 million, down 6% year-over-year, with High-Temperature Technologies at $169 million (down 4%) and Environmental & Infrastructure at $54 million (down 10%) [9][10][28] - Segment operating income for Consumer & Specialties was $30 million, while Engineered Solutions reported $34 million, both showing declines compared to the previous year [11][29] Cost Management and Future Outlook - The company recorded a charge of $5.5 million related to the cost savings program initiated in Q1 2025 [5][22] - Management expressed confidence in resolving liabilities through the Chapter 11 process and anticipates improved sales trends continuing into Q2 2025 [3][5]

Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces that its initial application for its Kuska lithium project to receive a special lithium operation contract ("CEOL") by the State of Chile has been declined under the Fast-Track permitting policy announced on September 30, 2024. The Company is evaluating its alternatives for obtaining the CEOL, either by appealing through regular chan ...

Canterra Minerals Identifies New Exploration Targets Outside of Existing Resource and Expands Boomerang ProjectApril 23, 2025 7:00 AM EDT | Source: Canterra Minerals CorporationVancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to announce the identification of multiple new geochemical and geophysical targets at its Boomerang Project. Additionally, Canterra confirms the e ...

Glenstar Minerals Hires Midnight Sun Drilling Inc. for First Ever Drill Program on Nickel-Copper-Cobalt Green Monster PropertyApril 22, 2025 8:19 AM EDT | Source: Glenstar Minerals Inc.Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Glenstar Minerals Inc. (CSE: GSTR) (OTCQB: GSTRF) (FSE: VO2) ("Glenstar" or the "Company") announces that, further to its news release of February 10, 2025, whereby the Company stated it had been granted a permit to conduct a drill program on the G ...

Group 1 - The individual has nearly two decades of experience in the logistics sector and almost a decade in stock investing and macroeconomic analysis, focusing on ASEAN and NYSE/NASDAQ stocks, particularly in banks, telecommunications, logistics, and hotels [1] - Since 2014, the individual has been trading on the Philippine stock market, initially investing in blue-chip companies and later diversifying across various industries and market capitalizations [1] - In 2020, the individual entered the US market after gaining experience through a relative's trading account, leading to the decision to open their own account and write for Seeking Alpha to share knowledge [1] Group 2 - The individual has holdings in US banks, hotels, shipping, and logistics companies, and has been using analyses from Seeking Alpha to compare with their own research in the Philippine market [1]

St. John's, Newfoundland and Labrador--(Newsfile Corp. - April 21, 2025) - Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman" or the "Company") announces that at its annual shareholder meeting held March 21, 2025, Sokoman shareholders approved a special resolution (two-thirds of votes cast) to reorganize Sokoman's share capital to facilitate a spin-out to shareholders of approximately 2 million of Sokoman's 4 million shares of Vinland Lithium Inc. ("Vinland"). Vinland holds the Killick lithium pr ...

--- Establishes Reserve for BMI OldCo Chapter 11 Case --- --- Announces Preliminary First Quarter 2025 Financial Results --- --- Initiates Cost Savings Program and Records Restructuring Charge --- NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") today provided an update on the Chapter 11 case of its subsidiaries BMI OldCo (formerly Barretts Minerals Inc.) and Barretts Ventures Texas LLC (together, "BMI OldCo" or "the Debtors"). The Company also anno ...

--- Establishes Reserve for BMI OldCo Chapter 11 Case --- --- Announces Preliminary First Quarter 2025 Financial Results --- --- Initiates Cost Savings Program and Records Restructuring Charge --- NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today provided an update on the Chapter 11 case of its subsidiaries BMI OldCo (formerly Barretts Minerals Inc.) and Barretts Ventures Texas LLC (together, “BMI OldCo” or “the Debtors”). The Company also ann ...

The market expects Minerals Technologies (MTX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 24, 2025, might help the stock move higher if these key number ...

Applauds President Trump's Executive Order to Ensure National Security through the Assessment of and Securing of Domestic Critical MineralsVancouver, British Columbia – TheNewswire - April 17th, 2025, Rockland Resources Ltd. (the “Company” or "Rockland") (CSE: RKL) (OTCQB: BERLF), announces the acquisition of the Meteor Beryllium and Tungsten Project, located 25 kilometres west of the Company’s keystone Beryllium Butte project in Juab County, Utah. The project comprises 28 unpatented mining claims covering ...