Core Viewpoint - Magna Mining Inc. has engaged Technica Mining Inc. to conduct a pre-feasibility study on its 100% owned Crean Hill Project, which is expected to enhance the project's economic assessment and support the company's vision of becoming a multi-mine producer in the Sudbury Basin [1][2]. Project Overview - The Crean Hill Project is located in Sudbury, Ontario, Canada, and has shown a promising combination of base and precious metals [1][2]. - The pre-feasibility study (PFS) will build on the Preliminary Economic Assessment (PEA) completed in 2024, which indicated a potential mine life of 13 years and modest pre-production capital costs [2][6]. Financial Highlights - The 2024 PEA highlighted a low pre-production capital cost of CAD 27.7 million, with projected Advanced Exploration (AdEx) capital costs of CAD 48.5 million and revenues of CAD 16.4 million [6]. - The after-tax Net Present Value (NPV) at an 8% discount rate is CAD 194.1 million, with an Internal Rate of Return (IRR) of 129% based on conservative metal prices [6]. Mining Operations - The PEA envisions an underground mining operation with an average production rate of 2,200 tonnes per day and an average Life of Mine (LOM) operating cost of CAD 158 per tonne [6]. - The project is expected to yield 195.5 million pounds of nickel, 169.5 million pounds of copper, 313,000 ounces of platinum, 359,000 ounces of palladium, and 117,000 ounces of gold over its lifespan [6]. Resource Estimates - The Crean Hill Mineral Resource Inventory, effective April 15, 2024, includes significant contact nickel-copper zones and lesser amounts of footwall copper-nickel-precious metals [5][8]. - The indicated resource is 18,444,000 tonnes with grades of 0.87% Cu and 1.01% Ni, while the inferred resource is 989,000 tonnes with grades of 0.53% Cu and 0.70% Ni [8]. Future Plans - The PFS is set to commence in January 2026 and is expected to be completed by Q3 2026, incorporating results from a 20,000 tonne bulk sample program conducted in late 2024 [2][6]. - Engineering advancements for a connection to grid power and a permanent dewatering system are ongoing, which will benefit the project's economic evaluation [2].

Core Viewpoint - Scorpio Tankers Inc. has announced agreements to sell two 2016-built LR2 product tankers and to purchase two scrubber-fitted LR2 newbuilding product tankers, indicating a strategic shift in its fleet management [1]. Vessel Sales - The company has entered into agreements to sell the LR2 product tankers, STI Goal and STI Gallantry, for $52.3 million each, with expected closure in the first quarter of 2026 [2]. - STI Gallantry is financed through a 2021 Ocean Yield Lease Financing arrangement, with an outstanding lease obligation of $23.4 million to be repaid by the end of 2025 [2]. - STI Goal is financed through a 2023 $1.0 billion Credit Facility, with an outstanding debt balance of $13.8 million [2]. - Both vessels are due for a 10-year special survey and drydock in the second quarter of 2026, which will be the buyer's responsibility [2]. Newbuilding Vessel Purchases - The company has agreements to purchase two scrubber-fitted LR2 newbuilding product tankers for $70.8 million each, with construction taking place at Dalian Shipbuilding Industry Co., Ltd. in China and deliveries expected in the third quarter of 2027 [3]. Company Overview - Scorpio Tankers Inc. provides marine transportation of petroleum products globally, owning or leasing 93 product tankers, including 37 LR2 tankers, 42 MR tankers, and 14 Handymax tankers, with an average age of 9.8 years [4]. - The company has agreements to sell three LR2 product tankers, all expected to close in the first quarter of 2026 [4]. - Additionally, the company has agreements for four MR newbuildings under construction with deliveries expected in 2026 and 2027, two VLCC newbuildings with deliveries expected in the second half of 2028, and two LR2 newbuildings with deliveries expected in the third quarter of 2027 [4].

Barrick Mining has regained operational control of the Loulo-Gounkoto mine and will receive three tonnes (t) of gold from the authorities in Mali. This development comes after an agreement between Barrick and Mali’s Government, ending a two-year standoff that led to the suspension of operations at one of Barrick’s key gold assets, reported Bloomberg. According to the company’s legal representative, the restitution has been ordered, with the seized gold being returned and the handover of the mine expecte ...

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Core Insights - WSP Global has signed an agreement to acquire TRC Companies for $3.3 billion, enhancing its capabilities in the power and energy sector [1][2] - The acquisition is expected to close in Q1 2026, subject to regulatory approvals [2] - This strategic move aligns with WSP's 2025-2027 Strategic Plan and aims to position the company as a leader in power and energy consulting [4] Financial Impact - The all-cash deal is valued at $3.3 billion and is projected to add low- to mid-single digit percentage to WSP's adjusted net earnings per share before synergies [2][3] - Post-acquisition, WSP will have approximately 27,000 employees in the US, contributing to 34% of its US revenue [3] Strategic Rationale - The acquisition will broaden WSP's expertise across water, infrastructure, and environmental services, addressing the rising demand for power consumption driven by AI and cryptocurrency sectors [2] - WSP aims to create an integrated platform with industry-leading capabilities in advisory, engineering, and program management through this acquisition [5][6] Advisory and Legal Support - J.P. Morgan and CIBC Capital Markets are serving as financial advisors for WSP, with legal counsel from Skadden, Arps, Slate, Meagher & Flom in the US and Stikeman Elliott in Canada [6] - Harris Williams, UBS Investment Bank, AEC Advisors, and Houlihan Lokey are advising TRC, with legal counsel from Paul, Weiss, Rifkind, Wharton & Garrison [7]

For Immediate ReleasesChicago, IL – December 16, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include AB SKF (SKFRY) , Dillards (DDS) and Dycom Industries (DY) .Here are highlights from Tuesday’s Analyst Blog:Finally! U.S. Federal Jobs Data: Global Week AheadWhat is happening in the Global Week Ahead?The U.S. Federal g ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:BellRing Brands, Inc. (BRBR) is a nutrition products company from Argentina. The Zacks Consensus Estimate for its current year earnings has been revised 14.2% downward over the last 60 days.Blue Owl Capital Corporation (OBDC) is a business development company. The Zacks Consensus Estimate for its current year earnings has been revised 3.8% downward over the last 60 days.Cool Company Ltd. (CLCO) is an operator of liquefied natural gas ...

Global stock markets slide: Asian and European stock markets traded mostly lower on Tuesday as investors pulled back ahead of crucial U.S. employment and inflation data. Weakness in technology stocks led the decline, while caution grew over the future path of global interest rates. U.S. stock futures pointed lower early Tuesday. S&P 500 futures fell 0.5%. Dow Jones Industrial Average futures slipped 0.3%. Investors are positioning ahead of economic reports that could influence the Federal Reserve’s next pol ...

A decline in short-term rates is positive for the balance sheets of businesses, banks and households, says Wharton professor ...

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