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Lithium Corp Rockets 290% After Rare Earth Discovery—Could It Be Trump’s Next Mineral Gambit? - Lithium (OTC:LTUM)
Benzinga· 2025-10-02 18:14
Lithium Corp (OTCPK: LTUM), a micro-cap explorer worth just $5 million, just made the kind of discovery that turns heads in Washington. The company announced enriched deposits of neodymium, dysprosium, and other rare earth elements at its fluorspar project in British Columbia — sending shares up a staggering 290% in a single session on Thursday (as of 1:30 PM ET).Track LTUM stock here.From Tiny Explorer To Strategic SpeculationThe timing is uncanny. Just months after the Trump administration pumped $650 mil ...
Focus Graphite Pilot Run Demonstrates Significant Increase in Large and Jumbo Flake Recovery at Lac Knife
Newsfile· 2025-09-02 09:19
Core Insights - Focus Graphite Inc. has successfully conducted a pilot beneficiation program for its Lac Knife project, achieving a large flake recovery of approximately 47% while meeting U.S. Department of Defense (DoD) standards [2][5][10] Group 1: Pilot Program Results - The pilot program, executed by American Energy Technologies Company (AETC), processed over 800 kilograms of Lac Knife graphite-bearing rock, resulting in a concentrate with 95.5% total graphite content (TGC) and a significant increase in coarse flake recovery from 33% to 47% [3][9] - The results indicate that the Lac Knife material exceeds U.S. Defense Logistics Agency (DLA) procurement specifications for natural graphite, aligning with the requirements for both defense-grade and battery-grade materials [5][10] Group 2: Market Positioning and Applications - The increase in large and jumbo flake recovery positions Lac Knife to supply high-margin specialty applications, particularly in aerospace, defense, and energy storage sectors, while also addressing the growing demand for environmentally friendly materials [9][11] - Focus Graphite aims to leverage its unique position to serve both the electric vehicle (EV) and stationary energy storage markets, as well as premium aerospace and defense markets, thereby reducing risk and expanding opportunities [10][11] Group 3: Strategic Importance - The pilot program results reinforce Lac Knife's capability to deliver both defense-grade and battery-grade materials at scale, which is critical for North America's supply chain of critical minerals [10][21] - The project is strategically important as it positions Focus Graphite to meet the anticipated demand for natural flake graphite, especially in light of recent export restrictions from China [8][9]
Allied Critical Metals Appoints Former U.S. Secretary of Homeland Security Kirstjen Nielsen as a Director of Allied Critical Metals USA
Newsfile· 2025-08-20 11:30
Core Insights - Allied Critical Metals Inc. has appointed former U.S. Secretary of Homeland Security Kirstjen Nielsen as a Director of its U.S. subsidiary, Allied Critical Metals (USA) Inc. [2][3] - The company aims to enhance its engagement with U.S. government agencies and defense partners to secure a domestic supply of critical materials, particularly tungsten, which is vital for national security [3][6] Company Overview - Allied Critical Metals Inc. is focused on its 100% owned tungsten projects, Borralha and Vila Verde, located in northern Portugal [2][8] - The company is committed to becoming a reliable Western supplier of tungsten, reducing dependence on non-aligned sources [6][8] Strategic Importance - Tungsten is classified as a critical mineral by the U.S. and is essential for various industries, including aerospace, defense, electronics, and energy [6][8] - The global tungsten market is valued at approximately USD $5 to $6 billion, with a significant portion of supply currently dominated by China, Russia, and North Korea, which account for about 86% of total global supply and reserves [8] Leadership Expertise - Secretary Nielsen brings extensive experience in homeland security, public policy, and critical infrastructure, which will be beneficial for the company's strategic positioning [4][5] - Her previous roles include serving as Principal Deputy Chief of Staff to the President and Chief of Staff at DHS, where she focused on national preparedness policy [4][5]
Critical Metals Corp Reports Extremely High-Grade Drilling Results From its 2024 Program: 103 PPM Gallium & rare earth elements of 27.0% HREO & TREO Range 0.48% to 0.55% & Zirconium Oxide of 1.99% From Tanbreez in Greenland
GlobeNewswire News Room· 2025-08-18 12:00
Core Insights - Critical Metals Corp has published assay results from the Tanbreez Project in Greenland, highlighting the strategic value of the project as a source of rare earth elements and gallium [1][4][6]. Summary of Assay Results - The 2024 drilling program reported significant grades of total rare earth oxides (TREO) ranging from 0.48% to 0.55% across four drill holes, with a high proportion of heavy rare earth oxides (HREO) averaging 27% [2][5][14]. - The assay results for individual drill holes are as follows: - DDH-A1-24: 0.48% TREO, 27.1% HREO, 1.86% ZrO₂, 100 ppm Ga₂O₃ [2][11]. - DDH-A2-24: 0.52% TREO, 26.9% HREO, 1.96% ZrO₂, 95 ppm Ga₂O₃ [2][11]. - DDH-B-24: 0.50% TREO, 26.0% HREO, 1.99% ZrO₂, 100 ppm Ga₂O₃ [2][11]. - DDH-C-24: 0.55% TREO, 25.5% HREO, 1.98% ZrO₂, 90 ppm Ga₂O₃ [2][11]. - The mineralization remains open at depth in all reported holes, confirming continuity of grade and mineralogy across the Fjord Deposit [5][14][16]. Strategic Importance - The results from the Tanbreez Project are positioned as critical for Western supply chains, especially given the current global control of rare earth markets by China [6][7]. - The project is expected to enhance U.S. defense capabilities and national security by securing sources of critical minerals [6][7]. Future Prospects - The ongoing 2024-2025 drilling campaign aims to further delineate resources, with additional assay results from nine remaining drill holes expected in Q3 2025 [3][24]. - The company has already completed over 1,500 meters of drilling in 2025, indicating strong potential for resource expansion [5][7][24]. Company Overview - Critical Metals Corp is focused on critical metals and minerals, with the Tanbreez Project being one of the largest rare earth deposits globally, located in Southern Greenland [29][30]. - The company also holds the Wolfsberg Lithium Project in Austria, which is strategically positioned to support the European market for lithium products [30][31].
United States Antimony (UAMY) - 2025 Q2 - Earnings Call Transcript
2025-08-12 21:15
Financial Data and Key Metrics Changes - Revenues for the first six months of 2025 increased by 160% year over year, reaching $17.5 million, which is $3 million more than the entire 2024 fiscal year [3][5] - Gross profit rose by 183% year over year to $5.2 million, driven by higher average sales prices in both antimony and zeolite businesses [4][6] - Net income for the first half of 2025 was $728,000, up 707% year over year from a loss of $120,000 in the same period last year [4][13] Business Line Data and Key Metrics Changes - Antimony business revenues increased by 203% year over year, contributing $10.4 million to the overall revenue growth, with average sales price rising from about $6 per pound to approximately $22 per pound [5][6] - Zeolite business revenues grew by 24% year over year, with 60% of the increase attributed to higher volume and 40% to higher prices [5] Market Data and Key Metrics Changes - The company reported a significant increase in antimony ore supply, with the supplier delivering twice as much ore compared to the previous year, particularly in the second quarter [10][12] - Inventory levels increased by $5.6 million due to the rise in antimony inventory, indicating strong demand and supply chain adjustments [9][12] Company Strategy and Development Direction - The company is focused on expanding its antimony processing capacity and has increased its staff and supplier relationships to support this growth [12][13] - Strategic acquisitions of mining claims and properties in Alaska, Montana, and Canada are aimed at positioning the company for future growth opportunities [12][13] - The company is actively engaging with the Department of Defense for potential collaborations related to antimony and tungsten, emphasizing its unique position as the only domestic processor of these critical minerals [33][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the anticipated increase in antimony supply and the ongoing expansion of processing facilities [32][94] - The company is addressing regulatory challenges in Alaska, with expectations of overcoming permitting delays to begin operations [27][68] - Management noted the importance of educating local communities about the benefits of mining operations to gain public support [70] Other Important Information - The company has dual-listed on the NYSE Texas Stock Exchange, enhancing its visibility and engagement with institutional investors [44] - A new marketing initiative is set to launch, aimed at increasing public awareness of the company's role in the critical minerals supply chain [45] Q&A Session Summary Question: Do you anticipate any domestic or supply deals in the near future? - The company indicated that there are no other domestic antimony supplies expected in the short term, aside from its own operations in Montana and Alaska [59] Question: Has the leasehold acreage in Alaska increased? - The company confirmed that the acreage has increased to approximately 30,000 acres due to recent acquisitions [60] Question: Can you provide an update on the $240 million contract from the Defense Logistics Agency? - The company acknowledged the contract and expressed hope for positive outcomes following the solicitation's conclusion [64] Question: What is the status of government funding and potential offtake? - The company remains optimistic about securing government funding and is actively negotiating to ensure shareholder protection [65][66] Question: How receptive has the current administration been in expediting permitting processes? - The company noted that while the federal administration is supportive of critical minerals, the permitting delays are primarily due to state-level processes [68] Question: What are the next steps for tungsten-bearing properties? - The company plans to conduct gravity separation tests and is in the permitting process for bulk sampling [80][84] Question: Why is the North American antimony feedstock supplier shipping more recently? - The increase is attributed to a renegotiated contract and the supplier's need to offload material rather than sending it to waste [88]
BUSCANDO UPDATE ON PORTFOLIO EXPANSION, EXPLORATION LAUNCH AND CLOSING THE FIRST TRANCHE OF THE PRIVATE PLACEMENT
Globenewswire· 2025-06-17 13:00
Core Viewpoint - Buscando Resources Corp. is entering a new growth phase by expanding its portfolio in critical metals and natural hydrogen, aligning with long-term energy and security priorities in North America [3] Corporate Update - The company has acquired Element One, a 100%-owned subsidiary, to enhance research and acquisitions in natural hydrogen [4] - The Union Bay project in Alaska and the Star project in British Columbia cover over 4,800 hectares, targeting critical minerals like copper and nickel, as well as geologic hydrogen [5] - An early-season exploration program at the Foggy Mountain Project in British Columbia is underway, with results guiding future geochemical surveys and drilling campaigns [6] Strategic Positioning - Buscando's dual-focus strategy targets the global demand for critical minerals and the growing interest in clean hydrogen as an energy solution [7] - Collaborations with research institutions and government-supported programs aim to validate hydrogen-hosting systems on its properties [7] Upcoming Plans - An expanded exploration plan will incorporate results from recent airborne magnetic surveys and historic data [8] - Exploration projects on the Foggy Mountain and Star Projects are expected to commence in mid-July [8] - The company plans to release interpretations from the Foggy Mountain geophysical program and assess new hydrogen-accretive assets across North America [9] Private Placement Financing - The first tranche of a non-brokered private placement raised CAD$150,000 by issuing 750,000 units at CAD$0.20 each [10] - Each unit consists of one common share and one-half warrant, with full warrants exercisable at CAD$0.30 for 18 months [10] - Proceeds from the offering will be used for acquisition payments, exploration work on the Foggy Mountain Property, and general administrative expenses [12]
Resolution Minerals expands critical minerals footprint with acquisition of Horse Heaven Project
Proactiveinvestors NA· 2025-06-11 03:11
Core Viewpoint - Resolution Minerals Ltd has agreed to acquire the Horse Heaven Project, a promising antimony-gold-silver-tungsten project located in Idaho's Valley County, enhancing its portfolio in the critical minerals sector [1][2]. Strategic Location and Project Highlights - The Horse Heaven Project is strategically located adjacent to Perpetua Resources' Stibnite Gold-Antimony Project, which adds significant value in the US critical minerals market [3]. - The project features two major fault zones known for high-grade mineralization: the Antimony Ridge Fault Zone (ARFZ) and the Golden Gate Fault Zone (GGFZ) [3]. Exploration Potential and Results - Preliminary drilling results have shown promising mineralization, with a notable rock chip sample returning 3.68 grams per tonne (g/t) gold, 303 g/t silver, and 2.72% antimony over a 4-meter interval [5]. - Historical drilling has indicated large tonnage potential, with drillhole 87-GGR-31 intersecting 85.34 meters at 0.937 g/t gold, including 38.10 meters at 1.459 g/t gold [6]. - Historical estimates suggest 216,000 ounces of gold at Golden Gate Hill and 70,000 ounces at Antimony Hill, although these figures are not compliant with the JORC Code [9]. Project Scope and Historical Context - The project covers 5,644 hectares, comprising 689 mining claims and 10 lode mining claims, situated in a historically prolific mining region [10][12]. - The area has a history of production, including artisanal gold and tungsten production from the 1950s to 1980s, which enhances its exploration and development potential [6]. Market Context and Strategic Positioning - The acquisition positions Resolution Minerals favorably within the US critical minerals sector, particularly for antimony and tungsten, which are essential for various industries [13]. - With record-high prices for antimony and tungsten due to supply chain issues, the company aims to capitalize on the growing demand [14]. Next Steps and Funding - Following the acquisition, the company plans a comprehensive exploration program, including geophysical surveys, soil sampling, and metallurgical testing [17]. - To fund the acquisition and exploration activities, Resolution Minerals has raised $1.9 million through a placement, which will also support its other projects [18].
Quantum's NMX East Heats Up: PGE Potential Emerges Next to Rapidly Expanding Polymetallic District
Thenewswire· 2025-06-10 13:00
Core Insights - Quantum Critical Metals Corp. is exploring a poly-metallic play at its NMX East project in Quebec, which includes gallium, rubidium, and cesium [1][2] - The company has discovered significant mineralization, including 107.69 meters of 38.85 gpt gallium, 701 gpt rubidium, 24.98 gpt cesium, and 3.61 gpt thallium from surface drilling [2] - Quantum is investigating the Bande du Lac des Montagnes rock formation, known for hosting platinum group elements, which could enhance the project's mineral potential [2][4] Project Developments - The NMX East project is strategically located near the NISK shear zone and is less than 100 meters from the Bande du Lac des Montagnes outcrop [4] - Power Metallic Mines Ltd. has expanded its project area by over 300% by acquiring 167 km² from Li-FT Power, which includes claims adjacent to Quantum's NMX East property [5] - CEO Marcy Kiesman highlighted that this adjacency to a rapidly expanding polymetallic district enhances the strategic value of the NMX East project [5] Future Plans - The company plans to conduct field reconnaissance to assess the presence of Bande du Lac des Montagnes outcrops on the NMX East property [7] - Quantum intends to collaborate with geophysics companies to explore the potential for PGE mineralization beneath the surface [7] Company Overview - Quantum Critical Metals Corp. focuses on advancing critical metals projects, including the NMX East Gallium-Rubidium-Cesium Project and several other projects in British Columbia [9] - The company is positioned to support the transition to a secure and sustainable critical minerals supply in the West [9]
Allied Critical Metals Announces Completion Of Reverse Take-Over
Thenewswire· 2025-04-24 22:30
Core Viewpoint - The completion of the reverse takeover of Deeprock Minerals Inc. by Allied Critical Metals Corp. marks a significant milestone for the company, positioning it as a reliable supplier of critical minerals, particularly tungsten, in a market increasingly focused on securing alternative sources outside of China and Russia [2][3]. Transaction Details - The transaction was executed through a plan of arrangement involving a three-cornered amalgamation, where ACM amalgamated with a wholly-owned subsidiary of the company, resulting in the cancellation of ACM shares and the issuance of common shares of the company on a 1-for-1 basis [3]. - Prior to the transaction, the company changed its name to "Allied Critical Metals Inc." and consolidated its common shares on a 40-to-1 basis, transferring existing assets and liabilities to a subsidiary, Revelation Minerals Inc. [4]. Financial Aspects - ACM completed a brokered private placement of subscription receipts at a price of $0.20 per receipt, raising approximately $4.6 million through the issuance of 22,890,680 subscription receipts [5]. - Each subscription receipt was converted into units of the resulting issuer, consisting of one share and one-half of a common share purchase warrant, with an exercise price of $0.25 per share for a period of 24 months [5][6]. Trading Resumption - Trading in the resulting issuer shares was halted on the Canadian Securities Exchange on October 29, 2024, and is expected to resume by April 29, 2025, under the symbol "ACM," pending final approval from the CSE [7]. Company Overview - Allied Critical Metals Inc. is headquartered in Vancouver, British Columbia, focusing on the acquisition, exploration, and development of mineral resource properties in Canada and tungsten projects in Portugal, specifically the Borralha and Vila Verde Tungsten Projects [8].