Company Overview - TETRA's market capitalization is $105 billion as of October 24, 2025[14] - The company's net debt is $114 million as of September 30, 2025[14] - The enterprise value is $117 billion as of October 24, 2025[14] - Q3 2025 TTM revenue is $619 million, with an adjusted EBITDA margin of 187%[15,21] Financial Performance and Targets - 2024 revenue was $599 million, with adjusted EBITDA of $994 million[20] - 2025 revenue guidance is $620-630 million, with adjusted EBITDA of $107-112 million[20] - The company targets 2030 revenue of $125 billion, representing a 15% CAGR, and adjusted EBITDA of $325 million, with a 26% adjusted EBITDA margin[146] Business Segments and Growth - Completion Fluids & Products revenue is $362 million TTM, with an adjusted EBITDA margin of 331%[15,41] - Water & Flowback Services revenue is $257 million TTM, with an adjusted EBITDA margin of 121%[15] - The company is transitioning to three future segments: Energy Services, Specialty Chemicals & Minerals, and Water Treatment & Desalination[27] Critical Minerals and Bromine Project - TETRA has over 40000 acres of mineral-rich Smackover brine leases[115] - The Arkansas Bromine Project has a projected incremental revenue of $230 million and incremental EBITDA of $105 million at full production[124] - The Arkansas Bromine Project has a project capex of $270 million, an NPV10 of $710 million, and an IRR of 62%[124]

Core Viewpoint - REalloys, the merger target of Blackboxstocks Inc, has secured a $200 million Letter of Interest from the U.S. Export-Import Bank to support the development of a fully integrated mine-to-magnet supply chain in North America, emphasizing U.S. commitment to critical minerals supply chain independence [1][2][6]. Funding and Support - The $200 million Letter of Interest from EXIM Bank represents preliminary support under the China and Transformational Exports Program (CTEP) for REalloys' project financing [2][5]. - The funding will facilitate the establishment of a vertically integrated rare-earth and ferroalloy supply chain, enhancing U.S. independence from foreign critical mineral sources [3][6]. Strategic Implications - This initiative is expected to boost domestic manufacturing and job creation, particularly in defense, renewable energy, and electric vehicle sectors, while promoting regional economic growth [4][8]. - The project aligns with U.S. government priorities to secure critical-materials supply chains vital for national security and industrial competitiveness [8][9]. Project Details - The EXIM Bank's support indicates potential financing for REalloys' capital expansion, with a provisional repayment term of up to 15 years, and the Letter of Interest remains effective until October 14, 2026 [7][18]. - REalloys is developing a North American supply chain that integrates upstream resource development, midstream processing, and downstream manufacturing of advanced alloys and magnet materials [11][12]. Market Positioning - REalloys aims to create a fully Western-controlled rare-earth ecosystem, supported by long-term offtake agreements and strategic partnerships, positioning itself to meet U.S. market demand for high-performance magnet materials [11][12]. - The merger with Blackboxstocks Inc. is expected to accelerate growth in the North American rare earth market, enhancing the combined company's competitive position [12].

The U.S. government and private financiers are pouring money into critical minerals, believing China won’t ever be a reliable supplier again https://t.co/W7l4NFLp50 ...

Ramaco Overview - Ramaco shipped metallurgical coal to steelmakers in over 20 countries[9] - Ramaco's 2024 sales volume was 40 million tons, with an adjusted EBITDA of $106 million[12] - As of October 27, 2025, Ramaco's market capitalization was $20 billion, with revenue of $666 million in 2024 and net cash of $77 million as of September 30, 2025[12] Brook Mine Expansion and Economics - The Brook Mine is projected to have a steady-state annual production of approximately 3,414 short tons of rare earths and critical minerals[13,56] - The revised total Capex requirement for Brook Mine is $1125 million, with an NPV (8%) of $51 billion and a 3-year payback period[21] - Brook Mine is projected to generate over $500 million in EBITDA by 2028, a 276% increase compared to the Fluor PEA[21] - At steady state, the Brook Mine is expected to generate $1038 million in revenue and $552 million in EBITDA, representing a 53% margin[56] Rare Earths and Critical Minerals Opportunity - Brook Mine is believed to be the only primary mine source of Gallium, Germanium, and Scandium in the world[10,14,39] - Approximately 40% of the total estimated REO production consists of primary magnetic REOs, gallium, germanium, and scandium, accounting for ~99% of annual revenue from the Brook Mine[40] - China holds dominant market shares in Gallium (>95%), Heavy Rare Earths (>90%), Light Rare Earths (85%), Scandium (>60%), and Germanium (65%)[25] Metallurgical Coal Business - Ramaco's cash costs of $100 per ton for YTD 2025 are among the lowest of its publicly traded peer group[16] - Ramaco's 2025 production guidance is between 37 million and 39 million tons[88]

Core Points - United States Antimony Corporation (USAC) is a leading producer and processor of antimony, zeolite, and other critical minerals, and is the only fully integrated antimony company outside of China [1][7] - The CEO, Gary C. Evans, will present at the Centurion One Capital 3rd Annual Bahamas Summit, highlighting the company's growth objectives for 2026 [2][3] - The summit will take place from October 28 to 29, 2025, at the Rosewood Baha Mar Hotel in Nassau, Bahamas, featuring presentations, panel discussions, and one-on-one investor meetings [3] Company Overview - USAC operates in the U.S., Mexico, and Canada, selling antimony, zeolite, and precious metals primarily in the U.S. and Canada [7] - The company processes third-party ore into various products, including antimony oxide, antimony metal, and antimony trisulfide, at its facilities in Montana and Mexico [7] - Antimony oxide is utilized in flame-retardant systems, while antimony metal is used in bearings and storage batteries [7] - The company also mines and processes zeolite at its Bear River Zeolite facility in Idaho, which has various industrial applications [7] - In 2024 and 2025, USAC began acquiring mining claims and leases in Montana, Alaska, and Ontario, Canada, to expand operations and product offerings [7]

The US and Japan sign an agreement to deepen cooperation on critical minerals, adding the Asian country to Washington’s push to reduce its reliance on China https://t.co/TI7Fffk0PS ...

Geopolitical & Supply Chain - The U.S government and private financiers are investing heavily in critical minerals [1] - The investment is based on the belief that China will no longer be a reliable supplier [1]

Core Viewpoint - American Tungsten Corp. has appointed Duncan T. Blount to its Board of Directors, while Ajay Toor has stepped down, effective immediately. The company expresses gratitude for Mr. Toor's contributions [1]. Company Leadership - Duncan T. Blount brings nearly two decades of global experience in natural resources, investment management, and corporate leadership. He is currently the Chairman and CEO of Chilean Cobalt Corp., focusing on critical minerals exploration [2]. - Prior to his role at Chilean Cobalt, Mr. Blount served as CEO and Director of Decklar Resources Inc., and led Asian Mineral Resources Ltd. in Vietnam [3]. - Mr. Blount has a decade of experience in investment management, specializing in natural resources and emerging markets, with key roles at Redwheel and Everest Capital [4]. - He also serves on the Advisory Board of Ocean Minerals LLC and holds an MBA and a BA in Language and World Trade [5]. Strategic Importance - The CEO of American Tungsten, Ali Haji, stated that Mr. Blount's expertise in critical minerals and global markets will be crucial for advancing growth initiatives and strengthening the company's position in the tungsten sector. His appointment is expected to enhance the company's transition from direct shipping ore operations to onsite milling [6]. Company Overview - American Tungsten Corp. is a Canadian exploration company focused on tungsten and magnetite assets in North America. The company is advancing the Ima Mine Project in Idaho, which is a historic underground tungsten property with significant infrastructure [7]. - The Ima Mine Project is located on private-patented land above the water table, and the company holds an exclusive option to acquire full ownership, subject to a 2% royalty. The company has also expanded its land position with 113 additional federal claims covering nearly 2,000 acres [7].

Core Insights - Corcel Exploration Inc. has identified significant historical occurrences of critical minerals, tungsten and graphite, at its Yuma King Project in Arizona, based on historical mining data and assessments [1][3][6] - The U.S. government classifies tungsten and graphite as critical minerals, essential for manufacturing, energy technologies, and defense systems, with the country currently relying on foreign sources for both [6][16] Historical Tungsten Occurrences - Tungsten was historically mined from several prospects within the Yuma King Project area, including the Three Musketeers, Jewel Anne, Pee Wee, Ace, and Trioni claims, with production occurring intermittently from the early 1950s through the 1970s [3][6] - Sampling indicates tungsten-bearing structures are present over an area of approximately 5 square kilometers, with high-grade pods returning assays up to 19.15% WO3 [6][11] - Broad tungsten-in-soil anomalies have been identified, extending beyond the historical mining areas, indicating broader district potential [6][11] Graphite and Graphene Mineralization - Graphite mineralization was first identified in 2011, with significant intervals reported up to 150 meters thick and a 25-meter zone containing high carbon content confirmed by Raman spectroscopy [6][11][12] - Follow-up drilling in 2016 demonstrated that the mineralized horizon extends southward, identifying additional graphite-bearing zones [12][13] - The graphite mineralization is interpreted to be related to thrust-related deformation and metamorphism during the early Laramide orogeny [13] U.S. Critical Minerals Context - The U.S. is entirely reliant on imports for tungsten and graphite, which are recognized as essential to national defense and various technological applications [6][16] - Tungsten is utilized in electronics and defense systems, while graphite is crucial for lithium-ion battery anodes and energy storage technologies [16] Evaluation of Critical Minerals at Yuma King - The company plans to incorporate historical tungsten and graphite datasets into the broader geological model for the Yuma King Project, assessing whether these critical mineral systems warrant further evaluation alongside copper-gold exploration [16][17]

Core Insights - Stillwater Critical Minerals Corp. has engaged Mine Technical Services to conduct an updated NI 43-101-compliant Mineral Resource Estimate for its Stillwater West project in Montana, USA [1] - The updated Mineral Resource Estimate is anticipated in the first half of 2026 and aims to advance Stillwater West as a significant source of ten critical minerals in the U.S. [1] - The Stillwater West project contains a unique combination of nickel, copper, cobalt, chromium, platinum, palladium, rhodium, ruthenium, iridium, gold, and osmium, which are essential for clean energy, defense, and technology supply chains [1]