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LKAB plans new Skr6bn sorting facility at Malmberget mine in Sweden
Yahoo Finance· 2025-09-11 11:39
Mining company LKAB has announced plans to build a new sorting facility at its Malmberget mine in Gällivare, Sweden. The project will entail an investment of Skr6bn ($640.38m), the Swedish miner said. It is part of the company’s plans to enhance its sorting process and boost production capacity, all while minimising environmental impact. The construction phase is set to commence in 2025, with the plant anticipated to be operational by 2028. Michael Palo, LKAB senior vice-president for the Iron Ore segm ...
Armory Mining Amends AMMO Antimony-Gold Project Option Agreement
Thenewswire· 2025-09-11 11:30
Core Viewpoint - Armory Mining Corp. has amended its mineral property option agreement to accelerate the acquisition of the Ammo Property, which is adjacent to the West Gore antimony-gold mine in Nova Scotia, Canada, allowing the company to gain a 100% interest in the project [1][3]. Group 1: Agreement Details - The amendment agreement, dated September 9, 2025, modifies the terms of the original option agreement from a cash payment of $25,000 to the issuance of 384,615 common shares to the optionor within five business days of acceptance by the Canadian Securities Exchange [2]. - To date, the company has made cash payments totaling $25,000 and issued 750,000 common shares to the optionor [2]. Group 2: Company Strategy and Future Plans - The CEO of Armory Mining Corp. stated that the amendment accelerates the acquisition process and allows the company to proceed with exploration plans following a recent data compilation [3]. - The Ammo Property is located in an established antimony-gold camp with historical production, indicating potential for future exploration success [3]. Group 3: Company Overview - Armory Mining Corp. is focused on minerals critical to the energy, security, and defense sectors, controlling an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek antimony-gold project in British Columbia [5].
South Star Announces Resignation of CEO
Globenewswire· 2025-09-11 10:00
Company Leadership Changes - Richard Pearce has resigned as President, Director, and CEO of South Star Battery Metals Corp, effective immediately, but will assist during a 14-day transition period [1] - Tiago Cunha, a board member, has been appointed as interim President and CEO while a search for a permanent successor is initiated [2] - The Board expressed gratitude to Mr. Pearce for his 15 years of service and leadership [3] Company Overview - South Star Battery Metals Corp is a Canadian developer focused on battery metals, particularly through the Santa Cruz Graphite Project in Brazil, which is set to be the first new graphite production in the Americas since 1996 [3][4] - The Santa Cruz project has shown promising results with over 65% of graphite concentrate being +80 mesh and 95%-99% graphitic carbon [3] - The BamaStar Project in Alabama is also in development, featuring a pre-tax Net Present Value (NPV8%) of US$2.4 billion and an Internal Rate of Return (IRR) of 35% [4] Project Development and Economic Potential - The BamaStar Project includes a historic mine and is strategically located in a growing electric vehicle and aerospace hub [4] - A US$3.2 million grant from the US Department of Defense has been secured to advance the feasibility study for the BamaStar project [4] - The company emphasizes a commitment to high ESG standards, focusing on transparency and stakeholder engagement [5]
紫金矿业2025年员工持股计划非交易过户完成
Xin Lang Cai Jing· 2025-09-11 09:37
紫金矿业公告2025年员工持股计划实施进展。2025年6月26日,公司2025年第一次临时股东会审议通过 相关议案。9月11日,公司收到《过户登记确认书》,回购专用账户中6431.6万股公司股票以非交易过 户方式转至员工持股计划账户,过户价10.61元/股。截至公告披露日,该计划账户持股占公司总股本 0.24%。本次员工持股计划存续期60个月,标的股票锁定期24个月。锁定期满后,管理委员会将按业绩 和考核结果分配份额。公司将持续关注进展并及时披露信息。 ...
H.C. Wainwright Raises PT on Solaris Resources (SLSR) Stock
Yahoo Finance· 2025-09-11 07:32
Group 1 - Solaris Resources Inc. (NYSEAMERICAN:SLSR) is recognized as one of the best mining stocks to buy according to hedge funds [1] - H.C. Wainwright raised the price target on Solaris Resources' stock to $13 from $11 while maintaining a "Buy" rating [1] - The company secured a $200 million financing agreement with Royal Gold, enhancing its financial flexibility to advance the Warintza project without further shareholder dilution [1] Group 2 - Between January 2024 and February 2025, Solaris Resources completed over 82,000 meters of infill drilling, aiming to upgrade a significant portion of Inferred Resources to Measured and Indicated categories [2] - The cash generated from operating activities for the three and six months ended June 30, 2025, was $84.7 million and $67.1 million, respectively, compared to -$12.1 million and -$22.3 million in the previous periods [2]
United States Antimony (UAMY) Enters Into a Securities Purchase Agreement
Yahoo Finance· 2025-09-11 07:32
Core Insights - United States Antimony Corporation (UAMY) is recognized as one of the best mining stocks to buy according to hedge funds, indicating strong institutional interest [1] - The company has entered into a securities purchase agreement that will generate $18 million in proceeds, which will be allocated for working capital, antimony inventory acquisition, and expansion of its mineral position in Alaska [1][2] - UAMY's revenues for the first half of 2025 reached $17.53 million, marking a significant 160% increase compared to the same period in 2024 [2] Financial Developments - The $18 million proceeds from the securities purchase agreement will also be used for potential acquisitions of critical mineral companies and for expanding the Madero Smelter in Mexico beyond its current capacity of 200 tons per month [2] - The substantial revenue growth of 160% from $10.79 million in the first half of 2024 to $17.53 million in the first half of 2025 highlights the company's strong performance [2] Business Operations - United States Antimony Corporation is involved in the production and sale of antimony, zeolite, and precious metals, indicating a diversified portfolio within the mining sector [3]
Morgan Stanley Maintains Hold Rating on MP Materials (MP) Stock
Yahoo Finance· 2025-09-11 07:32
MP Materials Corp. (NYSE:MP) is one of the Best Mining Stocks to Buy According to Hedge Funds. On September 2, Morgan Stanley analyst Carlos De Alba maintained a “Hold” rating on the company’s stock and set a price objective of $65.00. The analyst’s rating is backed by a combination of factors demonstrating both opportunities and risks. As per the analyst, MP Materials Corp. (NYSE:MP) has been developing a fully domestic supply chain for rare earth materials, which happens to be a strategic advantage, main ...
UBS Upgrades Teck Resources (TECK) Stock to Buy From Neutral
Yahoo Finance· 2025-09-11 07:32
Group 1 - Teck Resources Limited (NYSE:TECK) has been upgraded by UBS from "Neutral" to "Buy" with a new price target of C$60, increased from C$56, indicating positive market sentiment [1] - The issues at the Quebrada Blanca mine are not structural, and production is expected to increase to 270,000 tons over the next 12 months [1] - Teck Resources is anticipated to benefit from rising copper prices, which could enhance its financial performance [1] Group 2 - In Q2 2025, Teck Resources achieved adjusted EBITDA of $722 million, slightly higher than the previous year, driven by improved profitability from Trail Operations [2] - The company received regulatory approval and Board sanction for the Highland Valley Copper Mine Life Extension project, marking a significant milestone in its copper production growth [2] - Profit from continuing operations before taxes for Q2 2025 was reported at $125 million [2]
Barrick Mining sells Hemlo Gold Mine in Canada for up to $1.09 billion (NYSE:B)
Seeking Alpha· 2025-09-11 06:40
Barrick Mining (TSX:ABX:CA) (NYSE:B) to sell the Hemlo Gold Mine in Canada to Carcetti Capital for up to $1.09 billion. The gross proceeds consist of cash consideration of $875 million, HMC shares with an aggregate value of $50 million, and a production and tiered ...
BHP share price: why investors like materials shares
Rask Media· 2025-09-11 03:17
Core Viewpoint - BHP Group Ltd is a diversified natural resources company with a focus on mineral exploration and production, and it is currently experiencing a share price increase, making it a potential addition to investment portfolios [1][2]. Group 1: Company Overview - BHP Group, formerly known as BHP Billiton, was founded in 1885 and produces a variety of commodities essential for energy production and manufacturing, with ongoing expansion into fertilizers [1]. - The company's operations are categorized into three main areas: copper and related minerals (including gold, uranium, silver, and zinc), iron ore, and coal (both metallurgical and energy) [2]. Group 2: Investment Appeal - BHP is recognized as a stable, dividend-paying investment and is commonly included in ASX share portfolios, often found in popular ETFs, LICs, or Industry Super funds [2]. - The S&P/ASX200 Materials Index has shown an average capital growth of 4.34% per year over the last five years, compared to the ASX 200 index's 8.31% annual return during the same period [3]. Group 3: Dividend Performance - BHP has maintained an average dividend yield of 6.86% per year over the past five years, establishing a reputation as a reliable dividend payer among Australian materials companies [4]. - Currently, BHP shares have a dividend yield of approximately 5.43%, which is below its five-year average, indicating a potential undervaluation in terms of historical dividend yield [6]. Group 4: Growth Potential - The demand for essential materials such as iron ore, copper, and lithium is expected to persist, driven by the transition to renewable energy and the increasing need for components in electric car batteries and solar panels [5]. - Companies like BHP and Rio Tinto are investing significantly to position themselves to meet this growing demand [5].