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ROSEN, THE FIRST FILING FIRM, Encourages Freeport-McMoRan Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - FCX
Globenewswire· 2025-11-13 22:10
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Freeport-McMoRan Inc. securities for the period between February 15, 2022, and September 24, 2025, due to alleged misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Freeport-McMoRan did not ensure adequate safety at its Grasberg Block Cave mine, leading to heightened risks for workers [5]. - Allegations include that the company failed to disclose significant risks related to regulatory, litigation, and reputational issues, which rendered their statements about business operations materially false and misleading [5]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Participation Information - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must be appointed by January 12, 2026, to represent the class in the litigation [1][3]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements and has a history of representing investors globally [4].
Electra Files Third Quarter 2025 Financial Reports
Globenewswire· 2025-11-13 21:30
Core Viewpoint - Electra Battery Materials Corporation is making significant progress in establishing a North American battery materials supply chain, focusing on the construction of its cobalt sulfate refinery in Ontario, supported by substantial government funding and strategic initiatives [2][5][8]. Financial Highlights - The company secured a US$13 million (C$17.5 million) commitment from the Ontario government, contributing to a total of US$48 million in government support, including US$20 million from the U.S. Department of Defense and US$15 million (C$20 million) from the Government of Canada [5]. - A US$34.5 million financing was completed in August 2025, which reduced the company's debt to approximately US$28 million and is intended to fund the remaining construction of the refinery [5][6]. - As of September 30, 2025, the company had a cash balance of C$3 million, and following the quarter-end financing, it believes it is adequately funded to complete the refinery construction [6]. Strategic Developments - The company commenced metallurgical testing of North American cobalt feedstock from its Iron Creek project in Idaho and legacy operations in Ontario, aiming to validate the suitability of regional materials for future processing [5]. - Progress was announced at the Iron Creek cobalt-copper project, including geological modeling and evaluation to support future opportunities, reinforcing the company's long-term vision of onshoring the North American supply chain [5]. - The company appointed Paolo Toscano as Vice President, Projects and Engineering, to lead the construction and commissioning of the cobalt sulfate refinery, emphasizing its commitment to disciplined execution [5]. Operational Updates - Construction at the Ontario cobalt refinery was reactivated in November 2025, following the arrangement of an US$82 million funding package, building on early works completed in September [5][6]. - The company is also advancing black mass recycling opportunities to recover critical materials from end-of-life batteries and evaluating growth opportunities in nickel refining and other downstream battery materials [9].
Electra Files Third Quarter 2025 Financial Reports
Globenewswire· 2025-11-13 21:30
Core Viewpoint - Electra Battery Materials Corporation is making significant progress in establishing North America's first cobalt sulfate refinery, supported by substantial financial backing and strategic initiatives aimed at reducing reliance on foreign battery material sources [1][2][6]. Financial Highlights - The company secured a US$13 million (C$17.5 million) commitment from the Ontario government, adding to a total of US$48 million in government support, which includes US$20 million from the U.S. Department of Defense and US$15 million (C$20 million) from the Government of Canada [5]. - A US$34.5 million financing was completed in August 2025, which, along with a balance sheet restructuring, reduced the company's debt to approximately US$28 million and is intended to fund the remaining construction of the refinery [5][6]. - As of September 30, 2025, the company had a cash balance of C$3 million, and following the quarter-end financing, it believes it is adequately funded to complete the refinery construction [6]. Strategic Developments - The company commenced metallurgical testing of North American cobalt feedstock from its Iron Creek project in Idaho and legacy operations in Ontario, validating the suitability of regional materials for future processing [5]. - The appointment of experienced executives to the Board of Directors aims to enhance governance and oversight as the company transitions into the execution phase of its projects [5]. - Construction at the cobalt refinery project was reactivated in November 2025, supported by an US$82 million funding package, building on preliminary work completed earlier in the year [5]. Industry Positioning - Electra is positioned as a leader in advancing North America's critical minerals supply chain for lithium-ion batteries, focusing on onshoring critical minerals refining to reduce foreign supply chain reliance [8]. - The company is also exploring black mass recycling opportunities to recover critical materials from end-of-life batteries and evaluating growth opportunities in nickel refining and other downstream battery materials [9].
RIO's Q3 Iron Ore Shipments Up 6% Sequentially: How to Play the Stock?
ZACKS· 2025-11-13 19:11
Core Insights - Rio Tinto reported stable iron ore shipments of 84.3 million tons in Q3 2025, flat year-over-year but a 6% increase sequentially, marking the second-highest Q3 performance since 2019 [1] - The company expects Pilbara iron ore shipments for 2025 to be between 323 million tons and 338 million tons, indicating a potential year-over-year decline of 2% to growth of 3% [5] - Analysts have raised earnings estimates for 2025-2026, reflecting improving sentiment towards Rio Tinto [9] Production Highlights - Bauxite production increased by 9% year-over-year to 16.4 million tons in Q3 2025, achieving a production record [3] - Aluminum output rose by 6% year-over-year to 0.86 million tons, while alumina output increased by 7% year-over-year to 1.9 million tons [3] - Copper production reached 204 thousand tons, a 10% increase year-over-year, with record production at Oyu Tolgoi [4] Production Guidance - Rio Tinto's bauxite production target for 2025 is revised to 59-61 million tons, up from 57-59 million tons, reflecting higher utilization rates [6] - Copper production is expected to be near the high end of the range of 780-850 thousand tons for 2025, driven by strong performance at Oyu Tolgoi [7] Financial Estimates - The Zacks Consensus Estimate for Rio Tinto's 2025 revenues is $54.90 billion, a 1.6% year-over-year increase, while earnings are projected at $6.09 per share, indicating a 9.1% decline [8] - For 2026, revenue estimates suggest a 3.72% year-over-year increase to $56.94 billion, with earnings projected to grow by 4.6% to $6.37 per share [10][11] Stock Performance - Year-to-date, Rio Tinto shares have gained 21.6%, lagging behind the industry's 26.5% growth [13] - The company operates across 35 countries with a diversified portfolio, focusing on new projects to support energy transition [15] Lithium Expansion - Rio Tinto is expanding its lithium portfolio to meet rising demand for batteries and electric vehicles, aiming to grow its capacity to over 200 thousand tons per year of lithium carbonate equivalent by 2028 [16] Valuation - Rio Tinto trades at a forward price-to-earnings multiple of 11.23, lower than the industry average of 16.43, indicating an attractive valuation [17] Investment Outlook - Despite potential operational headwinds, Rio Tinto's diversified portfolio and project pipeline position it well for future growth, supported by upward earnings revisions and attractive valuation [19]
Trade Tracker: Bill Baruch buys Coeur Mining, Gold Royalty, and buys more Agnico Eagle and Kinross
CNBC Television· 2025-11-13 18:57
Gold is nearing a new all-time high yet again. So it was below 4,000. Now it's above 4,200.We have moves from Bill Baroo. You're buying. These are all new.No, not new. Core mining is new. Gold royalty is new.Agniko Eagle is an ad and Kin Ross is ad as well. So why the new. Tell me about the new ones.Core first. >> Core is new in our main portfolio and it is in addition to a 17 and a half% now holding in our concentrated mining out mining portfolio. Now they acquired New Gold. New gold.This this this is why ...
X @Bloomberg
Bloomberg· 2025-11-13 18:19
Javier Milei is planning to modify regulations that protect Andean glaciers in order to unlock tens of billions of dollars of mining investments in Argentina https://t.co/fF7Xqgcoid ...
Happy Creek Minerals poised for upside amid tungsten price recovery, analysts say
Proactiveinvestors NA· 2025-11-13 18:00
Core Insights - Proactive provides fast, accessible, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, mining, oil and gas, and emerging technologies [3] Technology Adoption - 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]
Can NioCorp's Elk Creek Project Fuel Its Long-Term Momentum?
ZACKS· 2025-11-13 17:05
Core Insights - NioCorp Developments Ltd. is advancing its Elk Creek Project in Nebraska, aimed at producing critical minerals essential for electric vehicles, clean energy, and defense technologies [1] Group 1: Project Development - The company is focusing on drilling programs at Elk Creek to enhance resource estimates and improve feasibility study accuracy, which is crucial for future construction planning and attracting financing partners [2] - NioCorp completed the acquisition of additional land in Johnson County, securing all necessary surface and mineral rights for the planned underground mine and processing facility [4] Group 2: Funding and Financials - To support its progress, NioCorp raised approximately $60 million through two public offerings in fiscal 2025 and is pursuing a loan from the U.S. Export-Import Bank under the "Make More in America" program [3] - The company signed a $10 million agreement with the U.S. Department of Defense to support engineering and drilling work at Elk Creek [3] - The estimated capital required to move Elk Creek into construction and production exceeds $1.1 billion, which is critical for the company's future growth [5] Group 3: Market Performance - NioCorp's shares have increased by 335.4% over the past year, significantly outperforming the industry growth of 17.5% [8] - The company is currently trading at a forward price-to-earnings ratio of negative 19.58X, compared to the industry's average of 16.22X, indicating a lower valuation relative to peers [11]
Americas Gold and Silver Announces Upsize of "Bought Deal" Private Placement to US$115 Million
Globenewswire· 2025-11-13 17:01
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”) is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and BMO Capital Markets (collectively, the “Underwriters”) to increase the size of its previously announced “bo ...
Taseko(TGB) - 2025 Q3 - Earnings Call Transcript
2025-11-13 17:00
Financial Data and Key Metrics Changes - The third quarter results showed significant improvement over the previous two quarters, with copper production just under 28 million pounds and adjusted EBITDA of CAD 62 million [4][5][12] - Total revenue for the quarter was CAD 174 million, a 50% increase quarter over quarter, driven by higher sales volume and strong copper pricing [12][13] - The average realized copper price was just shy of $4.50 per pound US, in line with the LME average [12] Business Line Data and Key Metrics Changes - Copper sales for the quarter were 26 million pounds, including 900,000 pounds of cathode, slightly below production due to shipment timing [12] - Molybdenum production increased to 560,000 pounds, reflecting higher moly grades [5] - Operating costs at Florence were CAD 8 million for the quarter, expected to increase as operations ramp up [15] Market Data and Key Metrics Changes - The COMEX price for copper has been trading at a premium to the LME, recently at about 4% premium or roughly $0.20 a pound [10] - The U.S. government plans to revisit tariffs in mid-next year, with potential tariffs on cathode increasing to 15% by the end of 2026 [10] Company Strategy and Development Direction - The company is focused on ramping up production at the Florence project, with expectations to produce copper early in the new year [8][9] - The company plans to advance work at the Yellowhead project, viewing it as an important long-term growth opportunity [11] - The recent equity offering has strengthened the balance sheet, allowing for additional working capital support ahead of the Florence ramp-up [11][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ramp-up at Florence and the potential for increased production next year [20] - The early results from the wellfield operations are positive, indicating a good start for the project [8][20] - The company is monitoring market dynamics closely, especially regarding potential future tariffs and their impact on copper pricing [10] Other Important Information - The company achieved substantial completion of the SXEW plant at Florence, marking a significant milestone [7][14] - The company ended the quarter with CAD 91 million in cash, positioning it well for future operations [15] Q&A Session Summary Question: Benefits of accelerating wellfield drilling - Management indicated that the key is to open additional wells to increase solution flows, which is crucial for ramp-up [18] Question: Production guidance for next year - Management refrained from providing specific production guidance but expressed optimism based on current conditions [20] Question: Milestones for declaring commercial production - Management stated that the focus will be on operating profit and cash flow rather than traditional metrics for declaring commercial production [26][28] Question: Accounting for revenues and costs - Revenue will be recognized once cathode is sold, and some costs will be capitalized until the plant is fully operational [29] Question: Status of initial capital spend - Management confirmed that the initial capital spend is effectively complete, with only minor commissioning costs expected in Q4 [30]