Core Insights - First Atlantic Nickel Corp. has reported positive assay results from drill hole AN-24-05, confirming a 400-meter north-south mineralized strike length at the RPM Zone, with an average of 0.23% nickel and 0.29% chromium over 396 meters [1][4][7] - The Phase 1 drilling program has established a 400-meter by 500-meter mineralized footprint at the RPM Zone, with all four drill holes ending in mineralization, indicating significant potential for further expansion [2][5][11] - Phase 2 drilling commenced on May 7, 2025, targeting extensions of the RPM Zone in multiple directions, with ongoing metallurgical testing to assess the suitability of the mineralization for commercial processing [2][10][17] Phase 1 Drilling Results - Drill hole AN-24-05 intersected 396 meters grading 0.23% nickel and 0.29% chromium, starting after 6 meters of overburden [4][6] - The hole reached a total depth of 402 meters and ended in mineralization, indicating further expansion potential [4][7] - Awaruite mineralization was consistently observed across all Phase 1 holes, reinforcing the potential for additional discoveries [5][22] Phase 2 Drilling Program - The fully funded Phase 2 program aims to expand the mineralized footprint established in Phase 1, with strategic step-out drilling planned in various directions [10][11] - The program will explore deeper mineralization and assess geological continuity between the RPM Zone and nearby areas [12][11] - Enhanced drilling capabilities and full road access are expected to improve efficiency and reduce costs during the Phase 2 program [11][10] Metallurgical Testing - Davis Tube Recovery (DTR) testing is underway for drill holes AN-24-04 and AN-24-05 to evaluate magnetically recoverable nickel content [17][22] - Initial DTR results from earlier holes indicated an average of ~1.35% nickel in magnetic concentrates, supporting a low-energy processing approach [17][22] - The processing method aligns with sustainable development objectives and North America's critical minerals strategy, particularly in light of new regulations under the US Inflation Reduction Act [22][31] District-Scale Potential - The RPM Zone is part of a 30-kilometer ultramafic ophiolite nickel trend, with significant exploration upside across the region [2][5] - Historical drilling and recent discoveries have confirmed the presence of awaruite mineralization across a 26-kilometer strike length within the Atlantic Nickel Project [5][22] - Awaruite's unique properties allow for cleaner processing compared to conventional nickel sources, enhancing North America's domestic critical minerals supply chain [22][25]

TORONTO, May 13, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced the filing of its first quarter 2025 financial reports. Highlights from the Quarter: Leadership Strengthening – In January, Electra welcomed Marty Rendall as Chief Financial Officer (CFO), followed by the appointment of Alden Greenhouse to the Board of Directors in February, together bringing additional financial and critical minerals strategic bench streng ...

Core Viewpoint - Energy Fuels has significantly increased its 2025 uranium production and finished goods inventory guidance by 22% and 193% respectively, while enhancing its working capital position and advancing its high-grade U.S. uranium production and rare earth projects [1][3][4]. Financial Performance - For Q1 2025, Energy Fuels reported a net loss of $26.32 million on revenues of $16.90 million, primarily due to ramping up mining operations and retaining finished goods inventory for future sales at higher prices [6][22]. - The company has a robust balance sheet with over $210 million in liquidity and no debt, including $73 million in cash and cash equivalents [6][22]. Production and Inventory Guidance - The revised guidance for mined uranium in 2025 is between 875,000 and 1,435,000 pounds of U3O8, reflecting a 22% increase from previous estimates [9][14]. - Expected production of finished U3O8 in 2025 is projected to reach up to 1,000,000 pounds, with significant contributions from the Pinyon Plain, La Sal, and Pandora mines [3][10][14]. Strategic Collaborations - Energy Fuels has entered into strategic collaborations with POSCO International and The Chemours Company to create a domestic supply chain for critical minerals, including rare earth elements [5][10]. - The company is also advancing its capabilities to produce mid and heavy rare earths, which are currently subject to Chinese export controls [5][10]. Market Position and Future Outlook - The company is recognized as a leading force in establishing a U.S.-based supply chain for critical materials, supported by various government initiatives [2][5]. - Energy Fuels is prepared to invest hundreds of millions of dollars in U.S. critical mineral processing and mines in allied nations, maintaining its position as a leading U.S. producer of uranium and advanced rare earth materials [6][10]. Recent Developments - A landmark agreement with the Navajo Nation has been signed to ensure safe uranium ore transport and to accept uranium-bearing materials from historic abandoned mines [10][14]. - The company continues to explore and develop its projects, including the Roca Honda and Bullfrog uranium projects, which have the potential to significantly increase production capacity in the coming years [10][14].

Piedmont Lithium (PLL) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Company Participants ​John Koslow - IR Manager and FP&AKeith Phillips - MD, CEO, President & DirectorMichael White - Executive VP & CFONoel Parks - Managing Director - Energy Research Operator Thank you for standing by. My name is Carrie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q1 twenty twenty five Piedmont Lithium Earnings Conference Call. All lines have been placed on mute to ...

Piedmont Lithium (PLL) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Speaker0 Thank you for standing by. My name is Carrie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q1 twenty twenty five Piedmont Lithium Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I would now like to turn the call over to Mr. John Coslow, Investor R ...

VANCOUVER, British Columbia, May 07, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or the “Company”) is excited to announce the commencement of Phase 2 drilling at the RPM Zone on its 100%-owned Atlantic Nickel Project in Newfoundland. The upcoming drilling will build on the significant awaruite discovery at the RPM Zone, where all four initial drill holes intersected visibly disseminated awaruite throughout their entire lengths, terminating in ...

Core Points - Electra Battery Materials Corporation has successfully closed the final tranche of an oversubscribed non-brokered private placement, raising approximately US$3.5 million [1][2] - The offering consisted of 3,125,000 units issued at a price of US$1.12 per unit, with each unit comprising one common share and one transferable common share purchase warrant [2] - The net proceeds from the offering will be utilized to advance the company's Refinery project in Temiskaming Shores, Ontario, and for general corporate purposes [2] Offering Details - The offering was conducted in two tranches, with the first tranche closing on April 3, 2025, and the second on April 14, 2025 [2] - Each warrant allows the holder to purchase one common share at a price of US$1.40 for a period of eighteen months following the issue date [2] - The company paid US$219,447 in cash finders fees and issued 183,333 non-transferrable finders warrants to eligible finders [5] Related Party Transactions - Key executives and directors of the company participated in the offering, constituting a "related party transaction" under applicable securities laws [3][4] - The company did not file a material change report prior to closing due to the timing of insider participation [4] - As the transaction does not exceed 25% of the company's market capitalization, no formal valuation or minority shareholder approval is required [4] Securities Regulations - The common shares and warrants issued under the offering are not subject to a hold period under Canadian securities laws [6] - Securities issued to insiders will be subject to a statutory hold period of four months and one day from the date of issuance [6] - The offering remains subject to final approval from the TSX Venture Exchange [6] Company Overview - Electra Battery Materials is focused on advancing North America's critical minerals supply chain for lithium-ion batteries [8] - The company is developing North America's only cobalt sulfate refinery and has plans for nickel refining and battery recycling [8] - Growth projects include integrating black mass recycling and exploring opportunities for cobalt and nickel production in North America [8]