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Mustang Energy Corp. Acquires Nucleus Uranium Ltd.
Globenewswire· 2025-05-14 21:29
VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) (the “Company” or “Mustang”) is pleased to announce that it has completed the acquisition of Nucleus Uranium Ltd. (“Nucleus”), an arm’s length British Columbia-based uranium company, pursuant to a share exchange agreement dated May 5, 2025 (the “Agreement”) among the Company, Nucleus, and Golden Mile Resources Corp. (the “Shareholder”), the former sole shareholder of Nucleus. Nucleus, now a whol ...
Endeavour Silver(EXK) - 2025 Q1 - Earnings Call Transcript
2025-05-13 18:02
Endeavour Silver (EXK) Q1 2025 Earnings Call May 13, 2025 01:00 PM ET Company Participants Allison Pettit - Director of Investor RelationsDan Dickson - CEO & DirectorDonald Gray - Chief Operating OfficerWayne Lam - Director - Mining ResearchElizabeth Senez - Chief Financial OfficerHeiko Ihle - MD & Equity Research Conference Call Participants Nick Giles - Senior Research Analyst Operator you for standing by. This is the conference operator. Welcome to the Endeavor Silver First Quarter twenty twenty five Fin ...
Endeavour Silver(EXK) - 2025 Q1 - Earnings Call Transcript
2025-05-13 18:00
Financial Data and Key Metrics Changes - In Q1 2025, the company produced 1,200,000 ounces of silver and 8,300 ounces of gold, totaling 1,900,000 silver equivalent ounces [4] - Revenue for the quarter was $64,000,000, consistent with the prior year, benefiting from higher precious metal prices [5] - The company reported a net loss of $32,900,000, primarily due to unrealized noncash impacts from gold hedging and forward swap contracts [5] - Cash costs were $15.89 per ounce of silver, and all-in sustaining costs were $24.48 net of gold credits, both slightly below annual guidance [6] - As of March 31, 2025, the company's cash position was $65,000,000, and working capital was $15,000,000, reflecting a decrease from December 31, 2024 [6] Business Line Data and Key Metrics Changes - Guanacevi and Bolanitos performed in line with expectations, while Terronera is nearing completion and has started producing concentrate [4] - The acquisition of the Copa mine in Peru is expected to enhance the production profile significantly, with an annual production estimate of 5,000,000 silver equivalent ounces [8][10] Market Data and Key Metrics Changes - The company is positioned to achieve annualized production approaching 20,000,000 silver equivalent ounces when combining all producing assets [10] Company Strategy and Development Direction - Terronera is viewed as a transformational asset that will redefine the company's growth trajectory, with a projected mine life of over a decade [7] - The company aims to build a scalable silver-dominant asset base, leveraging technical expertise and development capabilities [9] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the commissioning of Terronera and its potential impact on the business [7] - The company is closely monitoring cash balances and working capital requirements during the ramp-up phase, emphasizing the importance of achieving commercial production [29] Other Important Information - The company is validating and updating historical resource estimates for the Copa mine, with a significant exploration budget planned [39][40] Q&A Session Summary Question: What is needed for confidence in the ramp-up guidance for Terronera? - Management indicated that consistent throughput and production are critical before providing formal guidance on costs and production timelines [12][13] Question: What are the near-term priorities for the ramp-up at the plant? - Management noted that the commissioning process involves a systematic approach to check systems and ensure everything is running smoothly [15][18] Question: What is the capital intensity for throughput expansion at Copa? - The estimated capital intensity for expanding capacity from 1,800 tons per day to 2,500 tons per day is between $12 million to $16 million [20] Question: How comfortable is the company with its cash balance and working capital for Terronera? - Management expressed confidence in the cash balance of $65,000,000 and working capital of $15,000,000, while acknowledging the high-stress phase of the project [26][28] Question: Are there still meaningful cash flows going into Terronera in Q2? - Management confirmed that spending continues for commissioning, although they do not have complete data for April yet [33][35] Question: What are the higher priority targets for exploration at Copa? - Management highlighted a significant exploration budget and plans to focus on previously discovered veins and new opportunities [39][40]
Why Intuitive Machines Stock Is Going to the Moon Today
The Motley Fool· 2025-05-13 15:11
Space stock Intuitive Machines (LUNR 28.11%) posted positive free cash flow for the first quarter and forecast continued gains in the quarters to come.Investors are buying in, sending Intuitive shares up 30% as of 10:15 a.m. ET. Expanding into new marketsIntuitive Machines is focused on delivering payloads, data transmission, and space infrastructure, with an emphasis on the moon.The company generated $62.5 million in revenue in the quarter, down 14% year over year and slightly below what Wall Street had ex ...
Intuitive Machines(LUNR) - 2025 Q1 - Earnings Call Transcript
2025-05-13 13:32
Intuitive Machines (LUNR) Q1 2025 Earnings Call May 13, 2025 08:30 AM ET Company Participants Stephen Zhang - Head of IRStephen Altemus - Co-Founder, President, CEO & DirectorPete McGrath - Senior VP & Chief Financial OfficerAustin Moeller - Director - Equity ResearchGreg Pendy - Director Conference Call Participants Edison Yu - AnalystAndres Sheppard - AnalystRon Epstein - AnalystGriffin Boss - Equity Research AnalystSuji Desilva - MD & Senior Research AnalystJosh Sullivan - Equity Research Analyst - Indus ...
Intuitive Machines(LUNR) - 2025 Q1 - Earnings Call Transcript
2025-05-13 13:30
Intuitive Machines (LUNR) Q1 2025 Earnings Call May 13, 2025 08:30 AM ET Speaker0 Ladies and gentlemen, thank you for standing by, and welcome to the Intuitive Machines First Quarter twenty twenty five Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would now like to turn the conference over to Stephen Zhang, Head of Investor Relations. Go a ...
Atomic Minerals Announces Share Exchange Agreement to Acquire Quebec Mineral Claims
GlobeNewswire News Room· 2025-05-13 11:30
Vancouver, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- Atomic Minerals Corporation ("Atomic Minerals" or the "Company") (TSX Venture: ATOM) is pleased to announce that it has entered into a share exchange agreement (the “Agreement”) with the shareholders of Stratigraphic Capital Corp. (“Stratigraphic”), a British Columbia corporation, the owner of 40 mineral concessions comprising 2,351 HA in the Quebec municipalities of Lac Saint-Paul, Mont-Saint-Michel and Lac-Douaire (the “Mont-Laurier Uranium Pro ...
Hi-View Resources Acquires Additional Claims Contagious to Lawyers East Block in the Toodoggone District
Globenewswire· 2025-05-13 07:01
Core Viewpoint - Hi-View Resources Inc. has acquired a 100% interest in 613.24 hectares of contiguous claims near significant drilling discoveries by Amarc Resources and Freeport-McMoRan in the Toodoggone region of British Columbia, indicating potential for high-grade mineralization [1][2]. Company Developments - The acquisition was made through the issuance of 600,000 common shares and a cash payment of $1,073.16 to three arm's length vendors [5]. - Hi-View's management emphasizes the untapped potential of its land package, which includes historic drilling sites and underexplored areas, setting the stage for upcoming exploration activities [2][6]. Industry Context - The Toodoggone Region is recognized as one of Canada's premier mining districts, with recent discoveries enhancing its reputation [2]. - Amarc Resources' AuRORA discovery is highlighted as potentially the highest-grade porphyry find in British Columbia to date, attracting significant investments and interest in the area [2]. - Other companies, such as Thesis Gold and Skeena Resources, are also making strategic moves in the region, indicating a competitive and active mining environment [2].
BULGOLD Extends the Occurrence of Epithermal Quartz Veins to 1.2KM of Strike Length Within the Sinter Field on the Lutila Gold Project
Globenewswire· 2025-05-12 14:20
TORONTO, May 12, 2025 (GLOBE NEWSWIRE) -- BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased to announce the results of recent prospecting activity on the Lutila Gold Project (the “Property”), Slovakia. This information has now been validated and incorporated into the Company’s database. The Lutila exploration licence covers an area of 32.2km2 and is prospective for quartz-adularia epithermal gold mineralisation. 1. Highlights Recent prospecting activity on the Horna Klapa section of Rhyoli ...
Caledonia Mining Plc(CMCL) - 2025 Q1 - Earnings Call Transcript
2025-05-12 14:02
Caledonia Mining Corporation (CMCL) Q1 2025 Earnings Call May 12, 2025 09:00 AM ET Company Participants Mark Learmonth - Director & CEORoss Jerrard - CFOJames Mufara - Chief Operating OfficerRusiano Tsoka - Group Safety, Health & Environment Manager - Blanket MineVictor Gapare - Executive DirectorCraig Harvey - Vice President of Technical Services Conference Call Participants None - Analyst Operator Ladies and gentlemen, welcome to the Caledonia Mining Q1 Results Presentation. I'd like to hand over to Mark ...