United States Antimony (NYSEAM:UAMY) Conference February 25, 2026 08:30 AM ET Speaker1Our next presenter this morning is U.S. Antimony Corp, an integrated miner and refiner of antimony products in North America. Today, we are very pleased to be joined by CEO and Chairman of U.S. Antimony Corp, Gary Evans.Speaker0Good morning. Thank you for joining us, our presentation this bright and early morning. This company is an old company, been around since the late sixties, publicly traded since 2012. You need to lo ...

Core Insights - Olympio Metals has agreed to fully acquire the Raven Silver Project in Montana and the Sawtooth Antimony Project in Idaho from Lia Energy, signing a binding option agreement [1][4] - The projects are recognized for their potential in silver, antimony, and copper, with historical high-grade production at the Raven project [1][2] Project Details - No modern exploration or drilling has been conducted at either site, indicating significant opportunities for further development [2] - The Raven Silver Project includes 27 mineral claims with two historically significant mines, Raven and Silver King, located in the Thompson River mining district [2] - Historical data shows high average grades of up to 2,084 grams per tonne (g/t) silver and 19.51% copper at the Raven mine, and 996 g/t silver at the Silver King mine [3] - The Sawtooth Antimony Project consists of five silver-antimony prospects near the Sawtooth City mining camp but lacks comprehensive modern sampling records [3] Strategic Importance - The US Geological Survey has included antimony and silver on its 2025 Critical Minerals List, supporting the US Government's $12 billion strategic mineral stockpile plan [4] - Under the agreement, Olympio Metals will acquire all shares of Idaho Stibnite, which holds the Sawtooth assets, and the claims of the Raven mine will be transferred to Idaho Stibnite [4] Funding and Exploration Plans - To finance these acquisitions and further exploration, Olympio Metals has raised A$3 million (approximately $2.1 million) through an oversubscribed placement to institutions and sophisticated investors [5] - The company is conducting detailed due diligence on both projects to develop an effective exploration strategy within a 90-day timeframe as per the agreement with Lia Energy [5] Management Commentary - The managing director of Olympio Metals stated that acquiring these projects diversifies the company's exposure to critical minerals [6] - The company expressed gratitude to project vendors Lia Energy Holdings for their confidence and participation in the capital raise [7]

Core Insights - Quantum Critical Metals Corp. has appointed Melissa Sanderson to its Technical Advisory Committee, enhancing its technical and strategic capabilities in critical minerals [1][4] Group 1: Appointment and Expertise - Melissa Sanderson is recognized for her expertise in critical minerals, rare earth elements, sustainability, and Indigenous issues affecting global resource development [2][4] - Her background includes senior executive roles in mining, government service, and academia, providing a comprehensive perspective on geopolitics and market strategy [2][3] Group 2: Strategic Importance - The appointment comes at a time when securing critical mineral supply chains is increasingly important for governments and industries [4][5] - Sanderson's experience in leveraging investor and government relationships will aid Quantum in navigating market entry and expansion strategies [4] Group 3: Company Overview - Quantum Critical Metals Corp. focuses on advancing critical metals projects essential for next-generation technologies, with a portfolio that includes various promising assets in Canada [7][8] - The company aims to support the transition to a secure and sustainable critical metals supply in the West [8]

Teck Resources Conference Call Summary Company Overview - **Company**: Teck Resources (NYSE: TECK) - **Industry**: Mining, specifically focused on copper and zinc operations Key Highlights 1. **Merger with Anglo American**: Teck is progressing towards a merger with Anglo American, which is expected to position the combined entity as a top five global copper producer with over 1.2 million tons of annual copper production supported by six world-class copper assets [3][4] 2. **Regulatory Approvals**: The merger has received completion and antitrust approvals from multiple jurisdictions including Canada, Chile, Australia, Japan, the EU, and the US, with only two approvals remaining [4] 3. **Operational Review**: A comprehensive operational review was completed, leading to a strong operational performance in 2025 and reaffirmation of annual production guidance for 2026 to 2028 [4][11] 4. **Financial Performance**: In 2025, Teck reported a 48% increase in Adjusted EBITDA to $4.3 billion, driven by higher copper prices and increased by-product revenue, resulting in an adjusted EBITDA margin of approximately 50% in Q4 [5][6] 5. **Shareholder Returns**: Teck returned $1.3 billion to shareholders through share buybacks and dividends in 2025, maintaining a robust balance sheet and returning to a net cash position by year-end [6] Operational Insights 1. **Quebrada Blanca (QB) Performance**: QB's quarterly copper production reached 55,000 tons, with significant progress on the TMF development work, expected to enable steady state operations by the end of 2026 [5][9] 2. **Production Guidance**: Teck reaffirmed its annual production guidance for 2026 to 2028, with expectations of further growth in copper production and significant operating cash flows [11][12] 3. **Copper Price Outlook**: The copper price reached record highs in Q4 2025, with a quarterly average exceeding $5 per pound, and a consensus price increase of 35% from $4 to $5.35 per pound for 2026 [13][14] Market Dynamics 1. **Demand Drivers**: The demand for copper is expected to outpace economic growth, driven by urbanization, electrification, and the expansion of the electrical grid, with a near double-digit CAGR anticipated through the end of the decade [16] 2. **Supply Constraints**: Existing mine production is expected to decline starting in 2027, with limited growth options beyond 2029, creating a compelling long-term outlook for copper [17][18] 3. **Investment Opportunities**: Teck plans to unlock additional copper production through optimization projects, including a potential increase of 175,000 tons per annum from processing higher-grade ore from Quellaveco [27] Strategic Focus 1. **Critical Minerals Strategy**: Teck has refocused its portfolio on critical minerals, exiting its energy and steelmaking coal businesses, and completing the QB2 project, which is expected to generate substantial cash flow for decades [18][19] 2. **Value Creation from Merger**: The merger with Anglo American is expected to deliver $800 million in annual corporate synergies and $1.4 billion in annual underlying EBITDA uplift from combined operations [20][21] 3. **Future Growth**: Teck aims to balance capital investment in growth projects with shareholder returns, focusing on high-return opportunities within the combined portfolio post-merger [29] Additional Considerations 1. **Chinese Regulatory Review**: The merger is undergoing a normal regulatory review process in China, with no anticipated changes to the expected timeline of 12-18 months for completion [32] 2. **Operational Stability**: The company is focused on maintaining operational stability and executing its plans effectively, with significant improvements noted in the TMF development work [24][25]

forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, th ...

Core Viewpoint - The independent RESPEC report validates the geological model of Giant Mining's Majuba Hill project and supports an upcoming fully funded drill program targeting copper-silver mineralization [1][3]. Group 1: Geological and Technical Insights - The RESPEC report provides an updated geological framework and a disciplined exploration roadmap, which is crucial for evaluating the long-term potential of Majuba Hill as a domestic U.S. copper and silver asset [2][7]. - Key geological controls, such as the identification of tourmaline breccia pipes, enhance the ability to target high-priority zones for mineralization [5][9]. - The report recommends re-evaluating historical drilling and surface data in light of the new geological model before systematic drilling begins [9]. Group 2: Strategic Importance and Market Context - Copper is identified as a critical mineral essential for electrification and infrastructure, with long-term demand expected to exceed supply [6][18]. - The location of Majuba Hill in Nevada, a top-ranked mining jurisdiction, is strategically relevant for meeting U.S. domestic copper and silver needs [6][11]. - The project has the potential to contribute to U.S. critical mineral supply, aligning with national priorities for resource security [10][19]. Group 3: Project Development and Future Plans - The upcoming drill program will extend up to 10,000 feet, supported by secured funding, marking a significant phase in the exploration of Majuba Hill [2][7]. - The project has a history of approximately 89,395 feet of drilling, with a replacement value of USD 12.1 million [13]. - The existing infrastructure at Majuba Hill, including access to roads, power, and water, provides a significant advantage for future development [13].

US Ambassador to the EU Andrew Puzder says the West will be at a "severe disadvantage" if it can't access critical minerals on its own, telling Oliver Crook he's confident of a rare earths deal in the "short run" https://t.co/fCNvBMHgUa https://t.co/rs9gDgAxOD ...

Brazil and India are set to strengthen cooperation on critical minerals and when President Lula meets PM Modi, as the two nations position themselves as leading voices for the developing world amid a fragile global order https://t.co/eq7OW7y81Q ...

India is set to formally join a US-led initiative to protect supply chains, including on critical minerals, in another sign that both sides are resetting ties after a turbulent year https://t.co/O7cPFMGdFa ...

Ivanhoe Mines sees plenty of growth opportunities as “the penny has finally dropped” on the Democratic Republic of the Congo’s importance in supplying critical minerals to the US and other Western economies. https://t.co/yN3KL5YFYi ...