TORONTO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Western Metallica Resources Corp. (TSXV: WMS) (“Western Metallica” or the “Company”) announces it has secured bridge financing in the amount of CDN$100,000 (the "Bridge Loan") from Gregory Duras, Chief Executive Officer and Director of the Company (the "Lender"), in order to continue to advance its exploration activities at the Luz Maria copper-molybdenum target, located within the Company’s 100%-owned Caña Brava Project, Northern Peru. The Bridge Loan bears inte ...

Core Viewpoint - Western Metallica Resources Corp. has reported promising initial results from its ongoing drill program at the Luz Maria copper-molybdenum target, indicating the presence of a significant Cu-Mo porphyry system in Northern Peru [1][6][7]. Drilling Highlights - Three diamond drill holes have been completed at the Luz Maria prospect, all intersecting broad intervals of strongly altered intrusive rocks typical of Andean porphyry systems [4]. - Drill hole LM24DD001 reached a depth of 396.1 meters, intersecting 275 meters of altered and mineralized diorite with average grades of 400 ppm Cu and 100 ppm Mo [4][6]. - Drill hole LM24DD002, completed to 329.7 meters, showed increasing alteration intensity, with the best result being 1.8 meters at 0.2% Cu [4][5]. - Drill hole LM24DD003, terminated at 330.45 meters due to operational issues, intercepted a strongly altered quartz-monzonite intrusion, indicating increasing mineralization density at depth [5][6]. Geological Context - The Luz Maria project is located within a 500 meters by 300 meters area, representing less than 5% of the defined alteration footprint, suggesting significant potential for further exploration [4][6]. - The project is situated in a region known for world-class deposits, with the Caña Brava Project being strategically located near industrial ports and major roads [9][10]. Future Exploration Plans - The company plans to conduct a 6-hole maiden scout drill program to further assess the size and grade of the porphyry system, having only tested a small portion of the alteration footprint so far [6][8]. - Additional targets, such as Caña Brava 1, are also being explored, with plans for drilling a 1.5 km by 1.5 km phyllic alteration anomaly [8][10]. Technical Assurance - Sample preparation and analyses are conducted following standard industry procedures, ensuring the reliability of the results [11]. Company Overview - Western Metallica Resources Corp. is focused on mineral resource exploration and development, holding the option to acquire a 100% interest in the Caña Brava copper-molybdenum project in Peru [13].

Advanced Drainage Systems (NYSE: WMS ) is facing near-term headwinds in its non-residential end market and this is pressuring its valuation multiple. However, this is a transient headwind. With the interest rate cycle reversing, we should see a recovery in this market inI have over 15 years of experience investing and have provided research services to mid-sized hedge funds with assets under management between $100 and $500 million. I also have had a brief stint as a sell-side analyst. I am now focusing pri ...

Core Viewpoint - Western Metallica Resources Corp. has successfully completed its first drill hole at the Caña Brava project, indicating the presence of a complex copper-molybdenum porphyry system and marking a significant step in its exploration efforts [1][2][3]. Group 1: Drilling Progress and Findings - The first drill hole, LM24DD001, reached a depth of 396.1 meters, with drilling of a second hole, LM24DD002, currently in progress [1]. - Logging of drill holes confirms a complex Cu-Mo porphyry system with multiple intrusion phases and alteration events [2]. - The current drill program targets a mineralization area of 500 by 300 meters, coinciding with geochemical anomalies identified in previous surveys [3]. Group 2: Geological Characteristics - Copper and molybdenum mineralization is associated with quartz veining within strong potassic alteration, extending over an area of at least 2.7 km by 1.5 km, while the drilling area covers only 5% of this total [4]. - The alteration footprint includes biotite and phyllic assemblages, indicating a significant geological system [4]. Group 3: Project Location and Potential - The Caña Brava project is located in Northern Peru, within a region known for world-class copper-molybdenum deposits, and is strategically positioned near industrial ports and major roads [12][13]. - The project encompasses a 5,700-hectare area and is adjacent to other significant mining projects, suggesting potential for high-grade mineralization [13]. Group 4: Future Exploration Plans - The company is advancing with drilling permits for the Caña Brava 1 prospect, which features a distinctive leached zone and has confirmed grades of up to 0.3% Cu from various intrusive samples [13]. - The exploration work has successfully defined a cluster of multi-stage mineralized intrusions, comparable in size to other major deposits in Peru [13].

Advanced Drainage Systems, Inc. (NYSE:WMS) Q2 2025 Earnings Call Transcript November 8, 2024 10:00 AM ET Company Participants Michael Higgins - VP of IR and Corporate Strategy Scott Barbour - President and CEO Scott Cottrill - CFO Conference Call Participants Mike Halloran - Baird Matthew Bouley - Barclays Garik Shmois - Loop Capital Bryan Blair - Oppenheimer Ethan Roberts - Stephens John Lovallo - UBS Ryan Connors - Northcoast Research Partners David Tarantino - KeyBanc Capital Markets Operator Good mornin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share WMS New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-36557 ADV ...

//ADS Q2 Fiscal 2025 Financial Results November 8, 2024 Management Presenters Scott Barbour President and Chief Executive Officer Scott Cottrill Executive Vice President, Chief Financial Officer Mike Higgins Vice President, Corporate Strategy & Investor Relations //ADS Forward Looking Statements and Non-GAAP Financial Metrics Forward Looking Statements Cartain statements in this press release may be deemed to be forward-kooking statements. These statements are not historical facts but rather are based on th ...

Advanced Drainage Systems (WMS) came out with quarterly earnings of $1.70 per share, missing the Zacks Consensus Estimate of $1.93 per share. This compares to earnings of $1.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.92%. A quarter ago, it was expected that this maker of water drainage systems and pipes would post earnings of $1.98 per share when it actually produced earnings of $2.06, delivering a surprise of 4.04 ...

Exhibit 99.1 ADVANCED DRAINAGE SYSTEMS ANNOUNCES SECOND QUARTER FISCAL 2025 RESULTS HILLIARD, Ohio – (November 8, 2024) – Advanced Drainage Systems, Inc. (NYSE: WMS) ("ADS" or the "Company"), a leading provider of innovative water management solutions in the stormwater and onsite septic wastewater industries today announced financial results for the fiscal second quarter ended September 30, 2024. Second Quarter Fiscal 2025 Results • Net sales of $782.6 million, flat to prior year • Net income decreased 4.3% ...

ADS is committed to protecting and managing water, the world's most precious resource. Post this "The ADS Engineering and Technology Center is dedicated to product engineering, materials science –– including recycled plastics –– and manufacturing technologies with the express purpose of developing advanced stormwater solutions that manage water and protect our communities," said ADS President and CEO Scott Barbour. "Bringing our team of engineers, scientists, and technicians together in this state-of-the-ar ...