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Teck Resources and Anglo American merger bolsters interest in South American copper projects
Proactiveinvestors NA· 2025-09-19 17:06
Core Insights - Proactive is a financial news and online broadcast organization that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's editorial team is experienced and qualified, producing around 50,000 pieces of real-time news, feature articles, and filmed interviews annually [1] Technology Adoption - Proactive is committed to adopting technology to enhance its content creation and workflow processes [4] - The organization utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
LEADING EDGE MATERIALS REPORTS QUARTERLY RESULTS TO JULY 31, 2025
Globenewswire· 2025-09-19 16:00
Core Insights - Leading Edge Materials Corp. reported a net loss of C$611,307 for the three months ended July 31, 2025, a significant improvement compared to a net loss of C$1,179,168 in the previous quarter [3][4] - The company successfully closed a non-brokered private placement financing, raising gross proceeds of C$2,838,160 by issuing 17,738,500 units at C$0.16 per unit [2] - The company is strategically positioned within the evolving landscape of critical raw materials, particularly in light of geopolitical dynamics affecting supply chains [9][10] Financial Performance - The net loss for Q3 2025 decreased by C$567,861 compared to Q2 2025, primarily due to reduced share-based compensation expenses and a foreign exchange gain [3] - Year-over-year, the net loss for Q3 2025 decreased by C$210,931 compared to Q3 2024, attributed to lower research and development expenses and a foreign exchange gain [4] - As of July 31, 2025, the company had an accumulated deficit of C$51,812,349 and working capital of C$679,695 [8] Project Developments - The Woxna Graphite Mine is maintained in a production-ready state while minimizing operational costs, with ongoing efforts to evaluate a potential restart of flake graphite concentrate production [8][13] - The Norra Kärr Heavy Rare Earth Element project is progressing through the application process for a new 25-year mining lease, with a decision anticipated in Q4 2025 [16] - The company is conducting a Pre-feasibility Study for the Norra Kärr project, targeting completion in H1 2026, which includes mineral processing trials and market evaluations [17] Market Context - The European Union's recent negotiations to relax China's export restrictions on rare earth elements highlight the urgent need for secure supply chains, positioning the Norra Kärr project as strategically relevant [10][12] - International governments are actively supporting rare earth element mining initiatives, enhancing investor confidence and establishing critical supply infrastructure [11][12] - The company is exploring financing options for its Bihor Sud Nickel-Cobalt exploration project, which has significant historical mining data indicating valuable mineral deposits [18][19]
BHP eyes Geraldine Slattery for CEO role, FT reports
MINING.COM· 2025-09-19 15:54
Geraldine Slattery, president of Australia operations (center), with coworkers in the Pilbara region of Western Australia. (Image: LinkedIn profile) BHP Group (ASX, NYSE, LSE: BHP) could appoint Geraldine Slattery, president of its Australia operations, as the company’s first female chief executive in its 140-year history, the Financial Times reported on Friday.If appointed, Slattery would join a short list of women to lead a major global mining company. One of the most notable was Cynthia Carroll, who beca ...
NioCorp Announces Closing of $50.0 Million Registered Direct Offering of Common Shares
Accessnewswire· 2025-09-19 15:45
Core Viewpoint - NioCorp Developments Ltd. has successfully closed its registered direct offering in the United States, indicating a strategic move to raise capital for its operations [1] Group 1: Company Actions - The company announced the closing of its previously announced registered direct offering [1]
Anglo American rules out redomiciling to Canada as Ottawa seeks stronger commitments on Teck deal
Proactiveinvestors NA· 2025-09-19 15:16
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company is focused on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - Automation and software tools, including generative AI, are used, but all content is edited and authored by humans [5]
Ramaco Resources (METC) Surges to Fresh High as Analyst Posts Bullish Rating
Yahoo Finance· 2025-09-19 12:47
Group 1 - Ramaco Resources, Inc. (NASDAQ:METC) reached an all-time high of $32.17 during intra-day trading, closing up 18.65% at $30.92 [1] - Jefferies raised its price target for Ramaco Resources to $45 from $27, maintaining a "buy" recommendation, indicating strong potential for further upside [2] - The analyst's optimism is driven by the expansion of the Brook coal mine in Wyoming, which will increase production from 2 million tons to 5 million tons per year [3] Group 2 - The expansion of the Brook coal mine is projected to enhance the project's net present value to $5.1 billion from $1.6 billion, translating to approximately $77 per share [3]
MP Continues to Report Operating Losses: Can It Bounce Back?
ZACKS· 2025-09-19 12:46
Core Insights - MP Materials Corp. has faced operating losses and negative operating margins for eight consecutive quarters due to rising costs [1][11] - The company's cost of sales nearly doubled in 2024, reaching $192.6 million from $92.7 million in 2023, with costs rising to approximately 94% of revenues from 37% a year earlier [1][4] - In the first half of 2025, the cost of sales increased by 29% compared to the same period last year, driven by the higher costs associated with producing separated rare earth products [2][4] Cost Structure - The increase in costs is attributed to the production of separated products, which is more expensive than producing rare earth concentrates due to additional processing requirements, including chemical reagents, labor, maintenance, and consumables [2][4] - Selling, general and administrative (SG&A) expenses rose by 5% in 2024 and by 21% in the first half of 2025 as the company expanded its workforce to support downstream operations [3][4] Operating Performance - The sharp rise in both cost of sales and SG&A expenses has led to higher total operating expenses, resulting in continued operating losses for MP Materials [4][11] - The company is expected to maintain elevated costs through 2025 as it expands production of separated rare earth products and magnetic precursor products [4] Production and Revenue Outlook - NdPr production volumes are increasing due to process optimization, and higher production and sales volumes, along with improved pricing, are anticipated to boost NdPr revenues in upcoming quarters [5] - The Zacks Consensus Estimate for MP Materials' 2025 earnings is projected at a loss of $0.34 per share, but a significant improvement is expected in 2026 with earnings estimated at $0.91 per share [13] Market Performance - MP Materials' shares have surged by 362.4% this year, significantly outperforming the industry's growth of 21.3% [12] - The company is currently trading at a forward 12-month price/sales multiple of 25.39X, which is a substantial premium compared to the industry's 1.18X [14]
Newmont Announces Sale of its Interest in Orla Mining Ltd.
Businesswire· 2025-09-19 12:30
Core Viewpoint - Newmont Corporation has successfully completed the sale of 43 million common shares of Orla Mining Ltd, generating significant proceeds [1] Group 1: Transaction Details - Newmont disposed of 43 million common shares at a price of US$10.14 (C$14.00) per share [1] - The total gross proceeds from this transaction amounted to US$439 million (C$605 million) [1] Group 2: Company Commitment - The announcement reflects Newmont's ongoing commitment to its strategic initiatives and financial management [1]
BHP likely to name first female CEO in its 140-year history, FT reports
Yahoo Finance· 2025-09-19 12:19
(Reuters) -BHP Group is likely to appoint Geraldine Slattery, the head of its Australia operations, as its first female chief executive in its 140-year history, the Financial Times reported on Friday. If appointed, Slattery will be one of only a handful of female CEOs at major global mining firms, with a previous notable name being Cynthia Carroll, the first woman to run Anglo American for five years until 2012. BHP CEO Mike Henry is expected to step down by the middle of 2026 after five years at the hel ...
X @Bloomberg
Bloomberg· 2025-09-19 11:20
Glencore has been holding talks about selling a controlling stake in its biggest African copper mine, in the clearest sign yet that the commodity trader is open to relinquishing control of one of its flagship assets https://t.co/iMC5h6FP2h ...