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First Quantum Minerals Reports Second Quarter 2025 Results
GlobeNewswire News Room· 2025-07-23 21:01
(In United States dollars, except where noted otherwise) TORONTO, July 23, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the "Company”) (TSX: FM) today reports results for the three and six months ended June 30, 2025 (“Q2 2025” or the "second quarter") of net earnings attributable to shareholders of the Company of $18 million ($0.02 earnings per share) and adjusted earnings1 of $17 million ($0.02 adjusted earnings per share2). “The second quarter marked several important milestone ...
First Atlantic Nickel Unveils Initial Phase 2 Drill Plan Map with Drilling Underway Following Phase 1 Discovery at RPM Zone Confirming First Large-Scale Awaruite in the Atlantic
Globenewswire· 2025-07-23 10:00
GRAND FALLS-WINDSOR, Newfoundland and Labrador, July 23, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce the release of its Initial Phase 2 Drill Plan Map detailing the locations of the first five holes at the RPM Zone, within its 100%-owned Atlantic Nickel Project in central Newfoundland. The recently completed Phase 1 drilling program successfully defined a near-surface mineralized zone measuring approxim ...
First Atlantic Nickel Unveils Initial Phase 2 Drill Plan Map with Drilling Underway Following Phase 1 Discovery at RPM Zone Confirming First Large-Scale Awaruite in the Atlantic
GlobeNewswire News Room· 2025-07-23 10:00
GRAND FALLS-WINDSOR, Newfoundland and Labrador, July 23, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce the release of its Initial Phase 2 Drill Plan Map detailing the locations of the first five holes at the RPM Zone, within its 100%-owned Atlantic Nickel Project in central Newfoundland. The recently completed Phase 1 drilling program successfully defined a near-surface mineralized zone measuring approxim ...
Lifezone Metals (LZM) Update / Briefing Transcript
2025-07-21 15:00
Summary of Lifezone Metals (LZM) Update - July 21, 2025 Company and Industry - **Company**: Lifezone Metals (LZM) - **Industry**: Nickel Mining Key Points and Arguments Strategic Developments - Lifezone Metals announced a significant milestone with the first public economic study of the Kibanga nickel project, declaring 52.2 million tons of proven and probable reserves grading 1.98% nickel [5][6] - The company has consolidated 100% ownership of Kabanga Nickel Limited after acquiring BHP's 17% stake, allowing full control over product development and timelines [6][10] Financial Metrics - The feasibility study indicates an after-tax NPV of $1.58 billion with a pre-production CapEx of $942 million and an IRR of 23.3%, with a payback period of 4.5 years [6][22] - The all-in sustaining cost is $3.36 per pound of nickel, positioning Kabanga in the first quartile of global nickel producers [6][21] Project Economics - The project is expected to generate $14.1 billion in life-of-mine revenue and $4.6 billion in after-tax free cash flow [22] - The capital intensity ratio is estimated at $18,800 per ton of annual nickel production, indicating a low overall capital intensity [19] Funding Strategy - Lifezone has initiated alternative financing processes, engaging with tier-one international investment banks for funding options [12][14] - The company is focused on a mix of debt and equity financing, with a projected split of approximately 60% debt and 40% equity [42] Environmental and Social Governance (ESG) - Lifezone is committed to high ESG standards, with a resettlement action plan aligned with IFC performance standards, having already compensated 96% of affected landowners [25][53] - The company aims to minimize its environmental footprint while ensuring community engagement throughout the project [24][25] Government Relations - Lifezone has maintained close communication with the Tanzanian government, ensuring alignment and support for the Kibanga project [27][28] - The government is fully informed and supportive of the project's transition and development [28] Future Outlook - The company is targeting a final investment decision (FID) in 2026, with ongoing preparations for execution readiness and advanced permitting [26][47] - Lifezone is optimistic about the project's potential, emphasizing its strategic importance as a new source of critical metals, particularly nickel, copper, and cobalt [31][32] Market Position - The project is seen as a competitive alternative to Indonesian nickel sources, attracting interest from various stakeholders, including top mining companies and export credit agencies [45][46] - Lifezone is positioned to leverage its strong economic study to negotiate favorable terms with potential partners and investors [84] Additional Important Information - The feasibility study utilized long-term consensus pricing for nickel, copper, and cobalt, ensuring robust economic modeling [51][52] - The company has received positive feedback from shareholders regarding its strategic direction and project developments [29][30]
NorthX Nickel Announces Closing of Sudbury Portfolio Sale, Conversion of Subscription Receipts and Leadership Transition
Newsfile· 2025-07-21 11:00
NorthX Nickel Announces Closing of Sudbury Portfolio Sale, Conversion of Subscription Receipts and Leadership TransitionJuly 21, 2025 7:00 AM EDT | Source: NorthX Nickel Corp.Vancouver, British Columbia--(Newsfile Corp. - July 21, 2025) - NorthX Nickel Corp. (CSE: NIX) (OTCQB: NXNIF) (FSE: 6YR) (the "Company" or "NorthX") today announced that it has successfully closed its previously announced sale of all of the property, assets, rights and obligations related to its portfolio of nickel and ba ...
Zeb Nickel Project to Commission a SpectremPlus(TM) EM Survey to Build on 2025 High-Resolution Gravity-Magnetic Dataset
Newsfile· 2025-07-17 12:54
Core Viewpoint - Zeb Nickel Corp has engaged Spectrem Air Proprietary Ltd. to conduct a 736 line-kilometre SpectremPlus™ airborne electromagnetic survey over its Zeb Nickel Project in Limpopo Province, South Africa, aiming to enhance the identification of potential nickel sulphide ore bodies [1][2]. Group 1: Survey Details - The airborne survey will cover approximately 736 line-kilometres, utilizing 150 m spaced traverse lines and 1,500 m tie-lines, with data acquisition scheduled for July 2025 [7]. - The SpectremPlus™ system is capable of imaging conductive bodies to depths exceeding 700 m, with a high RMS dipole moment of 756 kA·m² [3][7]. - The survey is expected to be completed within three days, with final processed data and interpretations anticipated within 30 days post-survey [7]. Group 2: Technical Integration and Benefits - The AEM survey will complement existing gravity-magnetic models, allowing for improved drill-target definition by distinguishing between conductive massive sulphides and resistive host rocks [3][4]. - By integrating EM conductivity data with gravity and magnetic models, the technical team aims to generate a prioritized pipeline of drill-ready targets for potential nickel-sulphide mineralization [4][6]. - The expected deliverables include a unified 3D geophysical block model that identifies and ranks high-priority target zones based on conductivity, density, and magnetic susceptibility signatures [13]. Group 3: Company Focus and Strategic Importance - Zeb Nickel Corp is focused on exploring and developing world-class mineral deposits, particularly those critical for rechargeable battery production, including nickel, lithium, and cobalt [14]. - The Zeb Nickel Project is strategically located in the Bushveld Complex, which is known for its rich mineral deposits [14].
Noble Mineral highlights Mann Central Nickel Sulphide Initial Resource as announced by Canada Nickel
Thenewswire· 2025-07-16 11:30
  TORONTO, July 16, 2025 – TheNewswire - Noble Mineral Exploration Inc. ("Noble" or the "Company") (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce the initial mineral resource at Mann Central as announced by its joint venture partner Canada Nickel in the East Timmins Nickel Company, operating in the Timmins area of Northern Ontario. Noble CEO Vance White said “We congratulate our partner Canada Nickel on the work completed and the Initial Resource estimate for Mann Central project in Mann Twp and we are ...
Canada Nickel Announces Initial Resources at Mann Central and Texmont
Prnewswire· 2025-07-15 10:45
Core Insights - Canada Nickel Company has reported significant mineral resources in the Timmins Nickel District, with a total of 9.2 million tonnes in the Measured & Indicated categories and 9.5 million tonnes as Inferred Mineral Resources [2][3] - The Mann Central Project has been identified as a substantial resource, with an initial estimate of 237 million tonnes grading 0.22% nickel and 537 million tonnes grading 0.21% nickel, indicating a total of 0.52 million tonnes and 1.15 million tonnes of contained nickel respectively [5][6] - The Texmont Project has also shown promising results, with Measured Mineral Resources totaling 3.3 million tonnes at 0.34% nickel, Indicated Mineral Resources of 34.6 million tonnes at 0.27% nickel, and Inferred Mineral Resources of 57.7 million tonnes at 0.22% nickel [15][22] Timmins Nickel District Overview - The Timmins Nickel District is emerging as a significant area for nickel resources, with Canada Nickel's properties collectively holding over 18.7 million tonnes of contained nickel [2][3] - The Sudbury nickel district, for comparison, has an estimated nickel endowment of 19 million tonnes, highlighting the potential of the Timmins area [2] Mann Central Project Details - The Mann Central Project is located 23 km east of the Crawford Nickel Sulphide Project and covers a geophysical target area of 3.1 square kilometers, which is more than twice the size of Crawford [4] - The project has an Exploration Target of 0.6 to 2.0 billion tonnes grading between 0.19% and 0.20% nickel, pending further drilling [6][7] Texmont Project Details - The Texmont Project's initial mineral resource estimate includes 3.3 million tonnes of Measured resources, 34.6 million tonnes of Indicated resources, and 57.7 million tonnes of Inferred resources, with a total of 11,281 tonnes, 97,700 tonnes, and 143,900 tonnes of contained nickel respectively [15][22] - The mineralization at Texmont consists mainly of pentlandite and pyrrhotite, with the high-grade horizon surrounded by a medium to low-grade envelope [16] Next Steps and Future Plans - Canada Nickel plans to continue infill drilling at both Mann Central and Texmont to upgrade Inferred Mineral Resources to Indicated Mineral Resources and to enhance understanding of the geology [20][26] - A technical report supporting the mineral resource estimates will be filed within 45 days of the news release, ensuring compliance with industry standards [9][21]
Higher-Grade Nickel Sulphides Confirmed at Zeb Across Multiple Zones - Mineralisation Remains Open
Newsfile· 2025-07-11 13:00
Core Insights - ZEB Nickel Corp. has confirmed the presence of higher-grade nickel-copper-PGE mineralization at the Zeb Nickel Project in Limpopo, South Africa, following a two-hole drilling program that validates the geological model and indicates that mineralization remains open along strike and at depth [2][24]. Group 1: Geological Model and Mineralization - The Zeb mineral system consists of four stacked horizons, with Zone 1 being the near-surface bulk-tonnage nickel-bearing unit, and Zone 2 containing similar Ni-Cu-PGE mineralization to that found at Ivanhoe Mines's Platreef Mine [4][24]. - Drilling results from two holes (Z031 and Z033) confirmed the presence of mineralized material in both Zone 1 and Zone 2, with significant intersections indicating thicker, higher-grade intervals beneath the historical resource [7][8]. - Zone 2 reported assay results of up to 2.27 m at 0.27% Ni, 0.17% Cu, and 2.27 g/t 3PGE+Au, while Zone 3 showed up to 0.70 m at 0.65% Ni and 0.40% Cu within a broader interval of 2.73 m at 0.39% Ni [7][13]. Group 2: Exploration Potential - The data suggests that the Ni-Cu-PGE mineralization in Zone 2 may extend fully beneath Zone 1, indicating increased potential for a significant Ni-Cu-PGE resource [9][24]. - The consistent intersection of semi-massive sulphide mineralization in Zone 3 supports the potential for a large, continuous magmatic system, which could lead to further discoveries [10][12]. - The geological model proposes that additional down-dip drilling may intersect significantly higher-grade Ni-Cu-PGE mineralization, supported by analogous mineralization styles observed at neighboring world-class deposits [11][24]. Group 3: Company Overview - ZEB Nickel Corp. is focused on exploring and developing world-class mineral deposits, particularly those critical for rechargeable battery production, including nickel, graphite, lithium, cobalt, manganese, copper, and aluminum [25]. - The Zeb Nickel Project is strategically located in the Bushveld Complex in South Africa and is recognized as a developing Class 1 nickel sulfide project [25].
Fathom Welcomes Former Noront Resources President and CEO, Alan Coutts to the Company's Board of Directors
Newsfile· 2025-07-08 11:45
Company Overview - Fathom Nickel Inc. has appointed Alan Coutts, former President and CEO of Noront Resources, to its Board of Directors, enhancing its leadership team with significant industry experience [1][4] - Coutts orchestrated the sale of Noront Resources to Wyloo Metals in 2022, a transaction valued at over C$650 million, marking it as the largest nickel acquisition in the past decade [1][2] Leadership Experience - Alan Coutts brings over 35 years of mining experience, having held senior management roles in various companies, including Xstrata Nickel and Noranda [2] - His expertise includes navigating complex permitting, financing, and exploration challenges, which will be beneficial for Fathom's projects [4] Project Portfolio - Fathom Nickel is focused on magmatic nickel sulphide discoveries to support the green energy transition and secure North American critical minerals [6] - The company has three high-quality exploration projects in Saskatchewan: 1. Albert Lake Project, over 90,000 hectares, previously hosted the Rottenstone Mine, which produced 28,724 tons at 3.3% Ni [8] 2. Gochager Lake Project, over 34,000 hectares, with a historic resource of 4.3 million tons at 0.295% Ni [8][11] 3. Friesen Lake Project, over 10,000 hectares, located near the historic Rottenstone Mine [8] Strategic Vision - Coutts sees potential in Fathom's properties, identifying them as hallmarks of an emerging nickel district, with favorable mining jurisdiction and identified nickel showings [4]