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Appia Initiates High-Resolution Ground Gravity Survey at Alces Lake to Refine High-Priority Drill Targets
Newsfile· 2025-09-15 11:30
Core Insights - Appia Rare Earths & Uranium Corp. has initiated a high-resolution ground gravity survey at its Alces Lake Rare Earth Elements project in Saskatchewan, which is a continuation of its phased exploration strategy following a 2024 airborne survey [1][2] Group 1: Survey Details - The ground gravity survey is being conducted by MWH Geo-Surveys Ltd. and aims to refine priority gravity anomalies identified in the previous airborne survey, which are believed to indicate potential sources of monazite-hosted REE mineralization [2] - The survey will enhance resolution and accuracy for drill targeting in upcoming diamond drilling campaigns [2][3] Group 2: Technical Commentary - Tom Drivas, President of Appia, emphasized the importance of the ground gravity survey in refining and prioritizing exploration drill targets, aiming to maximize efficiency and precision for the planned drill campaign [3] - The survey will cover multiple gravity features along a regional fold and structural corridor, which hosts high-grade REE showings, including a notable 16.1 wt% TREO over 15.6 m and 49.17% wt% TREO over 3.7 m in drill core [3] Group 3: Company Overview - Appia Rare Earths & Uranium Corp. is focused on delineating high-grade critical rare earth elements and gallium at Alces Lake, while also exploring for high-grade uranium in the Athabasca Basin across several properties [7] - The company holds surface rights for exploration over 94,982.39 hectares in Saskatchewan and has a 100% interest in 13,008 hectares with mineralized zones in Ontario [7]
MMG seeks EU approval for $500m Anglo American nickel assets deal – report
Yahoo Finance· 2025-09-15 11:26
Group 1 - Australian mining company MMG, backed by China Minmetals Corporation, is seeking EU approval for its $500 million acquisition of Anglo American's nickel assets [1][2] - The acquisition is part of Anglo American's restructuring strategy following a successful defense against a takeover bid from BHP [2] - MMG's corporate relations executive general manager expressed confidence in obtaining regulatory clearance due to the company's absence from the ferronickel market and lack of operations in Brazil [3][4] Group 2 - The deal has faced criticism from organizations like the American Iron and Steel Institute, which argues it could enhance China's control over nickel, a critical component in electric vehicle production and stainless steel manufacturing [5] - MMG anticipates a decision from the EU regarding the acquisition before the end of the year [5] - The company initially sought expedited approval but withdrew the application in May [6]
A.I.S. Resources Signs Earn-In Agreement with Riversgold on the New Copper/Gold/Antimony Discovery at Saint John, New Brunswick
Globenewswire· 2025-09-15 10:00
Significant results reported for Antimony up to 10.8%, Gold up to 70.4 g/t, Copper up to 17.6% and Silver up to 48 ounces per tonneVANCOUVER, British Columbia, Sept. 15, 2025 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF) (“AIS” or the “Company”) is pleased to announce that it has entered into an earn-in agreement with Riversgold Ltd. (ASX: RGL) (“Riversgold”), granting AIS the right to acquire up to a 75% interest in the new Saint John IOCG/Porphyry Project located in New Brunswi ...
A.I.S. Resources Signs Earn-In Agreement with Riversgold on the New Copper/Gold/Antimony Discovery at Saint John, New Brunswick
Globenewswire· 2025-09-15 10:00
Core Viewpoint - A.I.S. Resources Limited has entered into an earn-in agreement with Riversgold Ltd, allowing AIS to acquire up to a 75% interest in the Saint John IOCG/Porphyry Project in New Brunswick, Canada, which presents significant exploration potential [1][2]. Company Overview - A.I.S. Resources Limited is a publicly traded company on the TSX Venture Exchange, focusing on natural resource opportunities and aiming to unlock value through early-stage project acquisitions and development support [23]. Project Details - The Saint John Project is a district-scale IOCG/porphyry exploration target, providing strategic exposure to gold, silver, copper, and antimony [3][4]. - The project spans 101 km² in a Tier-1 mining jurisdiction, located 20 km west of Saint John, New Brunswick, benefiting from excellent infrastructure including highways, rail, and a deep-water port [4]. Exploration Potential - The project is described as having very high-grade mineralization and is exploration and drill-ready, with two drill programs already approved [2]. - Surface samples from various prospects within the project have shown promising results, including: - Prince of Wales Prospect: Gold up to 11.4 g/t, Silver up to 1,050 g/t, Copper up to 10.55% [6]. - Roadside Quarry: Gold up to 41.6 g/t, Silver up to 1,600 g/t, Copper up to 7.64%, Antimony >1% [9]. Financial Commitment and Exploration Plans - To earn a 51% interest, AIS is required to spend CAD $400,000 in the first year on early exploration, including surveys and drilling [14]. - The total expenditure to earn a 75% interest over three to four years is CAD $3 million, focusing on drilling and early development work [14]. Next Steps - AIS plans to expand drone MobileMT and IP surveys across the project and commence a 2,000m maiden RC/DD drill program at Little Lepreau in 2025/2026 [10].
镍与不锈钢日评20250915:反弹空间有限-20250915
Hong Yuan Qi Huo· 2025-09-15 07:24
Group 1: Report Summary - Report Title: Nickel and Stainless Steel Daily Review 20250915: Limited Rebound Space [1] - Core Viewpoint: The Fed's increasing expectation of interest - rate cuts drives the rebound of non - ferrous metals, but nickel is restricted by weak fundamentals and inventory reduction pressure, with a limited rebound in nickel prices; stainless steel has a loose fundamental situation but cost - side support, and its price is expected to fluctuate within a range [1] Group 2: Nickel Market Data Futures Market - On September 12, 2025, the closing prices of Shanghai nickel futures' near - month, consecutive - one, consecutive - two, and consecutive - three contracts were 121,800 yuan/ton, 121,980 yuan/ton, 122,160 yuan/ton, and 122,300 yuan/ton respectively, with increases of 1,750 yuan, 1,360 yuan, 1,370 yuan, and 1,350 yuan compared to the previous day [2] - The trading volume of the active Shanghai nickel futures contract was 145,101 lots (+57,563), and the open interest was 72,640 lots (-9,051) [2] Spot Market - The average price of SMM 1 electrolytic nickel was 122,850 yuan/ton, an increase of 1,400 yuan compared to the previous day; the average price of nickel beans was 124,200 yuan/ton, with an increase of 1,350 yuan [2] Inventory - The inventory of Shanghai nickel futures was 22,111 tons; the total inventory of SMM Chinese port nickel ore was 874 (in 10,000 wet tons), a decrease compared to the previous day; the total SMM Shanghai bonded - area nickel inventory was 3,700 tons, a decrease compared to the previous day; the SMM pure nickel social inventory was 39,470 tons, an increase compared to the previous day [2] International Market - On September 12, 2025, the official spot price of LME 3 - month nickel was 15,275 US dollars/ton, the electronic - disk closing price was 15,150 US dollars/ton, and the on - site closing price was 15,150 US dollars/ton; the trading volume was 5,064 lots [2] Group 3: Stainless Steel Market Data Futures Market - On September 12, 2025, the closing prices of Shanghai stainless - steel futures' near - month, consecutive - one, consecutive - two, and consecutive - three contracts were 12,800 yuan/ton, 12,860 yuan/ton, 12,950 yuan/ton, and 12,985 yuan/ton respectively, with increases of 0 yuan, 65 yuan, 80 yuan, and 70 yuan compared to the previous day [2] - The trading volume of the active Shanghai stainless - steel futures contract was 153,413 lots, and the open interest was 126,286 lots (-2,058) [2] Spot Market - The average price of 304/2B coil - trimmed edge (Wuxi) was 13,700 yuan/ton, remaining unchanged compared to the previous day; the average price of 304/No.1 coil (Wuxi) was 12,725 yuan/ton, remaining unchanged [2] Inventory - The inventory of Shanghai stainless - steel futures was 9,6949 tons (-605); the 300 - series social inventory last week was 96,300 tons (-15,400) [2] Group 4: Industry News - On September 12, an Indonesian law - enforcement team seized a 148 - hectare nickel - mining area in Weda Bay and a 172.8 - hectare mining area of PT Tonia Mitra Sejahtera in Southeast Sulawesi Province due to the lack of proper forestry licenses [2] Group 5: Market Logic and Strategies Nickel - **Supply**: Nickel ore prices remained flat, last week's nickel - ore arrival volume decreased, and port inventory increased; nickel - iron plant loss margins narrowed, with increased domestic and Indonesian production in September, and nickel - iron destocking; domestic electrolytic - nickel production increased in September, and export profits expanded [2] - **Demand**: Ternary - material production decreased; stainless - steel plant production increased; alloy and electroplating demand was stable [2] - **Trading Strategy**: It is recommended to wait and see [2] Stainless Steel - **Supply**: Stainless - steel production increased in September [2] - **Demand**: Terminal demand was weak [2] - **Cost**: High - nickel pig - iron prices remained flat, and high - carbon ferrochrome prices rose [2] - **Trading Strategy**: It is recommended to wait and see [2]
BHP flags organic copper growth, US allure, silent on big buyouts
Yahoo Finance· 2025-09-15 04:42
Group 1 - BHP highlighted its strong copper growth potential and the investment attractiveness of the United States during a recent shareholder briefing [1][2] - CEO Mike Henry emphasized the progress in BHP's copper growth, noting a 28% increase in copper production in recent years and the establishment of four major copper growth basins [3] - The company did not address questions regarding potential acquisitions, particularly in light of the recent $53 billion Anglo-Teck merger, which is expected to stimulate further M&A activity in the mining sector [4][5] Group 2 - BHP's Argentinian copper assets and the U.S. investment environment were focal points of discussion, with the U.S. offering significantly lower power costs compared to Australia [2][6] - The company acknowledged challenges regarding its Jansen potash project, including increased capital expenditure estimates and delays in production timelines [6]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Freeport-McMoran Inc. - FCX
Globenewswire· 2025-09-14 14:00
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Freeport-McMoran Inc. and its officers or directors [1]. Group 1: Company Operations - On September 9, 2025, Freeport announced the suspension of mining activities at its Grasberg Block Cave operation in Indonesia due to a blockage caused by wet material, which trapped seven workers [3]. - Following the announcement, Freeport's stock price decreased by $2.80 per share, representing a decline of 5.99%, closing at $43.87 per share on the same day [3]. Group 2: Legal Investigation - Pomerantz LLP is actively seeking claims from investors of Freeport regarding the alleged securities fraud or other unlawful practices [1]. - The firm has a long history in corporate, securities, and antitrust class litigation, having recovered numerous multimillion-dollar damages awards for victims of securities fraud and corporate misconduct [4].
Teck’s Founder Sought Merger With Anglo Before It Was Too Late
MINT· 2025-09-14 08:01
Core Viewpoint - The proposed merger between Teck Resources Ltd. and Anglo American Plc aims to create a $60 billion company, positioning it as a leading copper producer while maintaining Canadian headquarters and identity, contrasting with previous unsolicited takeover attempts by Glencore [2][5][15]. Company Overview - Teck Resources, founded by Norman Keevil Jr. and his father, has been a significant player in the mining industry for about six decades, focusing on copper and other metals [3][8]. - Keevil, as the controlling shareholder, has significant influence over Teck's strategic decisions, including the recent merger negotiations with Anglo American [3][4]. Merger Details - The merger is characterized as a "zero premium deal," differing from Glencore's previous offer which included a 20% premium [2]. - Key concessions were made to ensure the merged entity would be headquartered in Canada, reflecting Keevil's desire to preserve Teck's Canadian identity [4][15]. - The agreement includes a commitment to invest at least C$4.5 billion ($3.3 billion) in Canadian projects over five years [6]. Strategic Considerations - Keevil's urgency in finalizing the merger stems from the impending wind-down of his controlling stake by 2029, which would diminish his influence over the company [5][14]. - The merger is seen as a way to secure Keevil's legacy and maintain Teck's status as a Canadian company amidst increasing pressure from global competitors [6][16]. Industry Context - Teck has attracted attention from major mining firms due to its valuable copper assets, which are expected to be in high demand in the coming years [14]. - The merger with Anglo American is viewed as a strategic move to consolidate resources and enhance competitiveness in the global mining sector [2][14].
Rio Tinto Stock: The Income Is Strong, The Catalysts Are Weak (NYSE:RIO)
Seeking Alpha· 2025-09-14 03:47
Group 1 - Rio Tinto is a significant player in the global mining industry, with a diverse portfolio that includes iron, copper, aluminium, and lithium, contributing to a strong balance sheet [1] - The company's focus on these key minerals positions it well for long-term growth and stability in the market [1] Group 2 - The article does not provide specific financial data or performance metrics for Rio Tinto, focusing instead on the company's strategic positioning within the mining sector [1]
Sonoro Gold raises $2M as it advances Cerro Caliche project – ICYMI
Proactiveinvestors NA· 2025-09-13 17:32
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's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]