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 ...

Core Points - Emerita Resources Corp. has received exploration permits for the San Antonio and Terranova claims, adding 181 hectares to its holdings in the Iberian Pyrite Belt, bringing the total to 8,144 hectares [1][2] - The San Antonio license is strategically located along the geological trend of the La Romanera deposit, while the Terranova license extends the mineral property close to the Portugal border [2] - The new permits enhance Emerita's land position in the IBW project area, which is expected to have new mining infrastructure installed [3] - The San Antonio license includes a historic mine known as the Gibraltar Mine, which was noted for its rich copper content [3] - The Terranova license contains several historic small-scale mines, including Vuelta Falsa and Trimpancho, which are likely part of the same hydrothermal system [4] Nueva Celti Project Acquisition - Emerita has entered into a letter of intent to acquire Western Metallica's Spanish subsidiary, which holds 100% ownership of the Nueva Celti Project, located in Seville, Spain, covering 1,237 hectares [6][7] - The Nueva Celti Project has a rich mining history and existing underground development, with historic grades of up to 5% copper reported [7] - Recent drilling by Western Metallica confirmed mineralization at depth, indicating potential for resource expansion [9] - The acquisition requires a payment of CAD$150,000 in cash and CAD$250,000 in Emerita shares, subject to customary closing conditions [14]

TORONTO, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased to announce that the Ministry of Industrial Policy and Energy of Huelva, Andalusia has granted the Company exploration permits for the San Antonio and Terranova claims (collectively, the “New Properties”) (Figure 1). These New Properties add an additional 181 hectares to Emerita’s wholly owned Iberian Pyrite Belt holdings. The New Properties are adjacent to the Ib ...

Core Insights - Vale, a leading Brazilian mining company, is experiencing challenges in 2025 despite favorable long-term commodity fundamentals, with stock stability impacted by concerns over China's steel demand and Brazil's regulatory environment [2] - The stock appears undervalued based on earnings capacity and asset portfolio, presenting a potential investment opportunity for those seeking reduced volatility [2] Revenue & Earnings Potential - In 2024, Vale reported revenues of approximately $42 billion, a decline from 2023, with iron ore prices averaging $90–100 per ton [3] - The company maintained healthy EBITDA margins exceeding 40% due to effective cost management, with C1 cash costs averaging $21 per ton [3] - Net income reached approximately $7.5 billion, resulting in earnings per share between $1.50–1.60 [3] Valuation Ratios - Vale's recent share price of around $11 translates to a valuation of 7–8x earnings, significantly lower than global peers like Rio Tinto and BHP, which trade at 9–12x [4] - The price-to-book ratio is approximately 1.2x, indicating a modest valuation for a company with top-tier iron ore assets and increasing copper involvement [4] - The dividend yield exceeds 7%, supported by robust free cash flow despite cyclical fluctuations [4] Strength of the Balance Sheet - Vale maintains a cautious balance sheet with net debt nearing $10–11 billion, which is modest relative to EBITDA, allowing for shareholder returns and growth funding [5] - The $12 billion Carajás expansion emphasizes Vale's focus on enhancing its iron ore assets and increasing copper production, crucial for electrification and energy transition [5] Final Thoughts - Vale's valuation reflects market skepticism regarding Chinese demand and iron ore pricing, yet its low-cost structure, forward P/E ratio below 7, and high dividend yield present an attractive opportunity for long-term investors [7] - If iron ore prices stabilize and copper production increases, Vale's earnings could grow significantly, leading to a potential 20–30% reassessment of current values [7] Contrarian Value Investment - Vale represents a contrarian value investment, with the market undervaluing its cost advantage, cash flows, and potential expansion into base metals despite ongoing cyclical risks [8]

Core Viewpoint - Teck Resources Limited is highlighted as a strong investment opportunity, with Scotiabank raising its price target to C$70 due to robust liquidity and performance in the Zinc segment [1][3]. Financial Performance - For Q2 2025, Teck Resources reported maintaining $8.9 billion in liquidity, which includes $4.8 billion in cash [1]. - The company returned $487 million in share buybacks and $61 million in base dividends during the quarter, totaling over $1.1 billion returned year-to-date [2]. Segment Performance - The Zinc segment showed significant growth, with gross profit before depreciation and amortization increasing by 137% to $159 million [3]. - Net cash unit costs for Zinc improved to $0.49 per pound [3]. - Challenges were noted at the QB operation due to ongoing Tailings Management Facility development, which has limited mill online time and revised production outlook [3]. Company Overview - Teck Resources Limited engages in the research, exploration, development, processing, smelting, refining, and reclamation of mineral properties across Asia, the Americas, and Europe, operating primarily through Copper and Zinc segments [4].

Group 1: Company Overview - Rio Tinto is a global leader in the exploration, development, production, and processing of minerals and metals, founded in 1873, and is currently the world's second-largest mining and metals company after BHP [1] - Reece Limited has been operating in Australia for over 100 years and is the country's largest plumbing and bathroom supplies business, diversifying into irrigation, pools, civil construction, and HVAC systems [3] Group 2: Financial Performance - Rio Tinto's share price has decreased by 2.3% since the start of 2025, while Reece Limited's share price is 64.0% away from its 52-week high [1] - For CY24, Rio Tinto reported a debt/equity ratio of 23.9%, an average dividend yield of 6.8% per year over the last 5 years, and a return on equity (ROE) of 20.3% [6] - Reece Limited reported a debt/equity ratio of 47.2% in FY24, an average dividend yield of 1.1% per year since 2019, and an ROE of 11.2% [7] Group 3: Product Portfolio - Rio Tinto's diverse portfolio is categorized into four key product areas: Aluminium, Copper & Diamonds, Energy & Minerals, and Iron Ore, with iron ore being its largest export [2]

Agency Impact & Funding - The Trump administration's cuts significantly impacted the National Institute for Occupational Safety and Health (NIOSH), affecting approximately 90% of its workforce [3][8] - Proposed budget cuts threatened to slash 80% of NIOSH's funds, jeopardizing its mission to protect American workers [9] - NIOSH's work, costing only $1 per American per year since 1979, has been crucial for workplace health and safety research [5] Workplace Safety & Research - NIOSH conducts and funds most U S workplace health and safety research, providing critical information and technical support to employers and workers [5][18] - The agency acts as "disease detectives" for workplaces, addressing unusual problems without known solutions, benefiting various industries [19] - NIOSH's research extends to emerging hazards like lithium-ion battery and electric vehicle fires, providing essential safety information to firefighters [20][21] Mining Industry & Worker Protection - NIOSH's work is vital for protecting miners, especially with the planned expansion of mining in the U S [13][14] - Cuts to NIOSH have halted projects aimed at improving the readiness of mine rescue teams, endangering miners in emergency situations [12] - The loss of NIOSH's services is a devastating blow to mining families, given the industry's history of injuries and fatalities [23][24]

Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing a wealth of experience in journalism, particularly in finance and commodities [1][5] Background and Career Development - Jeremy began his journalism career in 2006 at CTV, initially focusing on entertainment before transitioning to business reporting, particularly in mining and small-cap companies [2] - He gained recognition for his macro-financial and market trends analysis, becoming a sought-after commentator on CTV Morning Live and CTV News Network [2] - A significant highlight of his career was covering the 2010 Vancouver Olympic Games, which led to the development of an online video news program for PressReader, a digital newsstand with 8,000 editions in 60 languages [3] Digital Media and Industry Focus - In 2012, Jeremy launched The Green Scene Podcast, which quickly attracted over 400,000 subscribers, establishing him as a prominent voice in the cannabis industry [4] - Following this success, he created Investor Scene and Initiate Research, platforms that provide exclusive market insights and deal-flow opportunities in mining and Canadian small-cap sectors [4] Professional Expertise - Jeremy has experience as a market strategist and investor relations consultant for various publicly traded companies across mining, energy, consumer packaged goods (CPG), and technology industries [5] - He holds a BA in Journalism from Concordia University, which has supported his diverse career trajectory [5]

Dan Barnholden, Chief Executive Officer For more information, please visit: www.lucamining.com Cautionary Note Regarding Forward-Looking Statements It should be noted that Luca declared commercial production at Campo Morado prior to completing a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, readers should be cautioned that Luca's production decision has been made without a comprehensive feasibility study of established reserves such that there is greater ...

Core Insights - Americas Gold and Silver Corporation (USAS) has completed Phase 1 upgrades to enhance the hoisting capacity of the No. 3 Shaft at its Galena Complex, supporting its production growth strategy [1][8] Group 1: Upgrade Details - Phase 1 was completed in 10 days, ahead of the planned 14 days, and is part of a two-phase upgrade project [2] - The hoisting capacity has increased to 80 tons per hour, with the No. 3 Hoist motor's power upgraded from 1,750 hp to 2,250 hp [3] - A second 2,250 hp spare motor has been installed to provide backup capacity and reduce operational risks [3] Group 2: Future Plans - Phase 2 will focus on upgrading the hoist pads and braking system, with a new hoisting control console to enhance automation [4] - Phase 2 is expected to take around 10 days and be completed by the end of the year [4] - The completion of both phases is anticipated to improve the Galena mine's overall productivity and cost efficiencies by the end of 2025 [4] Group 3: Company Background - In late 2024, the company acquired the remaining 40% interest in the Galena Complex from an affiliate of Eric Sprott [5] - The Galena Complex is located in Idaho's Silver Valley, known for its production of silver, lead, zinc, and copper [6] Group 4: Stock Performance - USAS shares have increased by 301.4% over the past year, significantly outperforming the industry's growth of 15.4% [7]