Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. for securities fraud, following significant stock drops attributed to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, titled Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243 [3]. - Investors have until January 12, 2026, to request to lead the case [3]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Group 2: Company Operations and Safety Claims - Freeport operates the Grasberg Copper and Gold Mine in Indonesia through its affiliate PT Freeport Indonesia [4]. - The company has previously emphasized its commitment to safety, utilizing data, technology, and behavioral science to prevent incidents [4]. - Allegations suggest that Freeport overstated its safety commitment while engaging in unsafe mining practices that could lead to worker fatalities [5]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77, or over 5.9%, following a press release about suspended mining operations due to a landslide [6]. - On September 24, 2025, after an update on the incident revealing two fatalities and five missing individuals, the stock fell by $7.69, or nearly 17% [7]. - Further reports indicated that the incident strained Freeport's relationship with the Indonesian government, leading to an additional stock drop of $2.33, or over 6%, on September 25, 2025 [8][9]. - An Indonesian news report on September 28, 2025, claimed the incident was preventable, further impacting investor confidence [10].

Core Insights - Analysts at the Bank of Nova Scotia have expanded their list of stock recommendations following the announcement of six new major infrastructure projects by Prime Minister Mark Carney, adding to an initial five projects [1] Group 1: New Infrastructure Projects - The new projects include an electricity transmission corridor, a floating liquefied natural gas (LNG) terminal in northern British Columbia, a critical mineral mine in New Brunswick, a nickel mine in Ontario, a graphite mine in Quebec, and a hydro line to the Arctic [1] Group 2: Beneficiary Companies - Snowline Gold Corp. (TSX:SGD) may benefit from lower energy costs due to the B.C. electricity project [1] - Enbridge Inc. (TSX:ENB) is expected to play a role in the LNG terminal, potentially assisting in building a pipeline for the project [1] - Alberta gas companies such as AltaGas Ltd. (TSX:ALA), Keyera Corp. (TSX:KEY), and Pembina Pipeline Corp. (TSX:PPL) could also benefit from the LNG terminal [1] - TC Energy Corp. (TSX:TCL) may be involved in further large-scale pipeline investments in the region [1] Group 3: Engineering and Construction Stocks - Several engineering and construction companies have been highlighted, including AtkinsRealis Group Inc. (TSX:ATRL), Stantec Inc. (TSX:STN), and WSP Global Inc. (TSX:WSP) [1] - Equipment dealers such as Finning International Inc. (TSX:FTT) and Toromont Industries Ltd. (TSX:TIH) are also noted as potential beneficiaries [1] Group 4: Transportation Companies - Transportation companies like Canadian National Railway Co. (TSX:CNR) and Canadian Pacific Kansas City Ltd. (TSX:CP) may see upside from these infrastructure developments [1]

Core Viewpoint - Galantas Gold Corporation has announced an increase in its private placement offering to raise up to C$13.5 million due to strong investor demand, with an additional over-allotment option of C$2.025 million available for the agents involved in the offering [1][3]. Offering Details - The offering consists of 168,750,000 units priced at C$0.08 each, with each unit comprising one common share and one warrant [1][2]. - Each warrant allows the holder to purchase one common share at C$0.12 for 36 months post-closing [2]. - The agents will receive a cash commission of 7.0% on the gross proceeds, with a reduced rate of 3.0% for certain purchasers on a designated list [3]. Use of Proceeds - Net proceeds from the offering will be allocated to exploration work on the Indiana Project, option payments related to the project, and general corporate and working capital purposes [5]. Transaction with RDL Mining - The company is progressing with the acquisition of RDL Mining Corp., where RDL shareholders will receive approximately 132 million common shares, representing 49.99% of the outstanding shares post-transaction [9][10]. - The total consideration for the transaction is valued at approximately C$10.6 million, with additional terms including a 0.66% net smelter returns royalty payable by Galantas [10][11]. Financial Overview of RDL Mining - As of September 30, 2025, RDL Mining reported total assets of C$189,425 and total liabilities of C$223,658, resulting in total equity of C$(34,233) [12]. - RDL incurred a net loss of C$(34,263) from its incorporation until September 30, 2025 [12]. Future Management Structure - Post-transaction, the board of directors of Galantas will expand to include members from RDL, enhancing the company's operational expertise [12]. Indiana Project Details - The Indiana Project involves an option agreement requiring total payments of US$15 million over five years, with specific payment milestones outlined [13]. - A copper stream agreement has been established, providing upfront payment and a fixed percentage of copper produced from the Indiana Project [13].

Independent proxy advisory firm Glass Lewis on Friday recommended Teck Resources shareholders to vote in favor of a deal to combine with Anglo American. ...

Core Viewpoint - Freeport-McMoran Inc. is facing a class action lawsuit due to alleged securities fraud related to safety issues at its Grasberg Block Cave operation in Indonesia, which resulted in significant stock price declines following a tragic incident involving trapped workers [2][3][4][5][6]. Incident Overview - On September 9, 2025, Freeport announced the suspension of mining activities at the Grasberg Block Cave after a large flow of wet material trapped seven workers, leading to a stock price drop of $2.77, or 5.9%, closing at $43.89 per share [2]. - An update on September 24, 2025, revealed that two of the trapped workers had died, causing the stock price to fall by $7.69, or 17%, to close at $37.67 per share [3]. - Following media reports on September 25, 2025, regarding the implications of the production halt on Freeport's relationship with the Indonesian government, the stock price dropped another $2.33, or 6.2%, closing at $35.34 [4]. Lawsuit Details - The class action lawsuit alleges that Freeport made materially false and misleading statements and failed to disclose critical safety risks associated with its operations [5][6]. - Specific allegations include inadequate safety measures at the Grasberg mine, which heightened the risk of worker fatalities and led to undisclosed regulatory and reputational risks [6].

Shareholder advisory firm Glass Lewis recommended that investors of Teck and Anglo vote in favor of a deal to combine the mining companies https://t.co/QluuvraWBU ...

Core Points - Ivanhoe Mines and Qatar Investment Authority (QIA) have signed a memorandum of understanding (MoU) to enhance exploration, development, and mining of critical minerals [1][3] - The MoU follows QIA's strategic investment of US$500 million into Ivanhoe Mines announced on September 29, 2025 [1][2] Collaboration Framework - The MoU establishes a framework for collaboration to support Ivanhoe's efforts in sustainably supplying critical minerals essential for global energy transition and advanced technologies [3][4] - QIA will support Ivanhoe Mines' management in pursuing existing and new growth projects, including the Western Forelands exploration project in the DRC [5] Future Opportunities - Ivanhoe and QIA intend to collaborate in good faith to identify and explore future partnerships and opportunities in mining projects at all development phases [6] - Potential areas of collaboration include investment or financing for critical minerals projects, strategic mergers and acquisitions, infrastructure development, and downstream processing capabilities [7][8] Company Background - Ivanhoe Mines is focused on advancing its operations in Southern Africa, including the Kamoa-Kakula Copper Complex and the Kipushi zinc-copper-germanium-silver mine in the DRC [9] - The company is also exploring for copper in its extensive exploration licenses in the Western Forelands and other regions such as Angola, Kazakhstan, and Zambia [10] QIA Overview - Qatar Investment Authority (QIA) is the sovereign wealth fund of Qatar, established to manage state reserve funds and invest across various asset classes globally [11]

CARSON CITY, NV / ACCESS Newswire / November 21, 2025 / Orion Diversified Holding Co. Inc. (OTCID:OODH) ("Orion" or the "Company"), a revenue-generating diversified natural-resource company, announced today that it has secured another two-year mineral lease covering approximately 20 acres in Nevada, located within a region known for historic placer gold, precious metals, and critical-mineral potential. The lease was acquired through a low-cost fixed-term agreement, granting Orion full exploration rights alo ...

State-owned miner Codelco and Kutch Copper, a unit of Indian billionaire Gautam Adani’s sprawling conglomerate, have struck a joint exploration and development deal in Chile, a source says https://t.co/38PYH9Ogdy ...

Core Insights - PT Medco Energi Internasional TBK has qualified to trade on the OTCQX Best Market, upgrading from the Pink market, which enhances its visibility and accessibility for U.S. investors [1][4] - The upgrade signifies a commitment to transparency and adherence to high financial standards and corporate governance practices [3][4] - Medco Energi operates in the energy sector with core business segments including Oil & Gas, Power, and Copper & Gold Mining, focusing on sustainable practices and advanced technologies [5] Company Overview - PT Medco Energi Internasional TBK is a leading energy and natural resource company in Southeast Asia, with a diversified portfolio that meets a broad range of energy demands [5] - The company employs advanced technologies for enhanced oil recovery and gas processing, and focuses on reliable electricity generation from renewable sources [5] - Medco Energi aims to create value for shareholders while adhering to responsible and sustainable operational practices [5] Market Context - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, providing a platform for companies to access U.S. financial markets efficiently [6] - The OTCQX Market supports issuers from 37 countries, reflecting the growing global reach and importance of this trading platform [4]