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First Phosphate raises C$9.6M in final tranche of private placement
Proactiveinvestors NA· 2025-12-22 13:46
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 has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company is focused on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
MONGOL MINING(00975.HK):Energy Resources与USS订立服务协议
Ge Long Hui· 2025-12-22 13:32
格隆汇12月22日丨MONGOL MINING(00975.HK)公告,于2025年12月22日,Energy Resources与USS订 立服务协议,据此,USS同意向集团提供办公室及营地配套服务,总代价最多约40,848,634美元。 ...
Foremost Clean Energy Announces $9.0 Million 2026 Exploration Program
Globenewswire· 2025-12-22 13:30
Core Insights - Foremost Clean Energy Ltd. plans a $9 million exploration program for 2026, focusing on its Athabasca Basin uranium projects, covering 130,000 hectares [1][6][24] - The company aims to advance multiple targets, including Hatchet Lake and Turkey Lake, while also progressing its Jean Lake Gold Project in Manitoba [2][5][19] 2026 Exploration Program Highlights - The program includes approximately 11,500 meters of drilling, with 5,000 meters planned at Hatchet Lake and 2,000–2,500 meters at Turkey Lake [6][14] - Recent drilling at Hatchet Lake revealed a new uranium discovery with 6.2 meters of 0.10% U₃O₈, including 0.87% U₃O₈ over 0.45 meters [5][6] - Jean Lake will see around 4,000 meters of drilling, building on previous results that indicated high-grade gold [5][17][18] Project-Specific Updates - Hatchet Lake's drilling will follow up on the new discovery and is supported by extensive geophysical datasets and gravity survey results [4][8] - Turkey Lake is set to advance with a summer 2026 drilling program targeting shallow structural corridors, with historical drilling showing uranium intercepts [10][11][14] - The company is also interpreting results from a MobileMT survey over its GR and Blackwing properties to create drill-ready targets for 2026 [15] Strategic Focus - The company's strategy emphasizes deploying capital where data is strongest, particularly in uranium exploration, which is seen as having scalable value [4][5] - Foremost is well-funded and optimistic about the potential for meaningful discoveries in its exploration efforts [5][19]
FLINT Secures $451 million in New Contract Awards and Renewals
Globenewswire· 2025-12-22 13:30
Core Insights - FLINT Corp. has secured new contract awards and renewals estimated to generate approximately $451 million in backlog work, in addition to the previously announced $320 million [1][2] - About 30% of the new work is expected to be executed in 2026, with the remainder scheduled for 2027-2031 [1] Group 1: Financial Performance - The total backlog now reflects a significant increase, reinforcing customer confidence in FLINT's capabilities [2] - The new contracts span across core service lines and extend through 2031, indicating a strong long-term outlook for the company [2] Group 2: Operational Commitment - The company emphasizes its commitment to disciplined execution, safety, and operational excellence while collaborating with customers and stakeholders [3] - FLINT aims to deliver innovative solutions and expand its impact across the energy and industrial sectors [7] Group 3: Company Overview - FLINT Corp. has over 100 years of experience providing solutions for various markets, including Oil & Gas, Petrochemical, Mining, and more [4] - The company offers a range of services such as construction, maintenance, and environmental services, strategically located across Canada [4]
Ascot Announces Updated Private Placement Terms
Globenewswire· 2025-12-22 13:00
Group 1 - Ascot Resources Ltd. has amended its previously announced brokered private placement to a unit financing, raising up to C$150 million, with each unit consisting of one share and one half of a warrant [1][2] - Each whole warrant is exercisable to purchase one share at an exercise price of C$0.85 for a period of 12 months from the closing date of the first tranche, expected on December 30, 2025 [1] - The offering is conditional on receiving necessary stock exchange approvals and reactivation of the company on the TSXV [2] Group 2 - The shares will be offered to accredited investors in Canada, U.S. investors under specific exemptions, and international investors in compliance with applicable laws [3] - Securities issued will be subject to a four-month hold period under Canadian securities law and will not be registered under the U.S. Securities Act [4] - The offering does not constitute an offer to sell or solicit an offer to buy securities in the United States [4] Group 3 - Ascot Resources is a Canadian mining company headquartered in Vancouver, owning the Premier Gold mine located in the Golden Triangle of northwestern British Columbia [6][7]
Entrée Resources Provides Update on Entrée/Oyu Tolgoi Joint Venture License Matters
Globenewswire· 2025-12-22 13:00
Core Viewpoint - Entrée Resources Ltd. is actively engaged in negotiations and oversight related to its joint venture licenses in Mongolia, particularly concerning the Oyu Tolgoi project, amid governmental investigations and restructuring efforts [1][2][3][4]. Group 1: Parliamentary Oversight - The Mongolian Parliament established a Temporary Oversight Committee on July 2, 2025, to investigate the protection of national interests and benefits from the Oyu Tolgoi deposits [2]. - The Committee conducted a three-day public hearing in December 2025, summoning around 300 witnesses, including former government officials and representatives from Rio Tinto and OT LLC [3]. - On December 19, 2025, the Committee reported its findings and submitted a draft resolution to Parliament for further consideration [3]. Group 2: Government Negotiations - A Government Working Group was formed on August 22, 2025, to negotiate the State's interest in the JV Licenses, with the Company officially notified on September 18, 2025 [4]. - A preliminary meeting between the Company and the Government Working Group took place on December 10, 2025, with negotiations expected to commence shortly [4]. - OT LLC holds an 80% (or 70% depending on mineralization depth) economic interest in the JV Licenses and has exclusive rights for infrastructure construction and mining operations [4]. Group 3: Legal Proceedings - In Q3 2025, Entrée LLC filed a claim with the Administrative Court of Mongolia to review the valuation of the JV Licenses, which is necessary for the transfer of licenses to OT LLC [5]. - The court hearing regarding this claim is anticipated to be scheduled soon [5]. Group 4: Company Overview - Entrée Resources Ltd. is a Canadian mining company with a carried joint venture interest in the Oyu Tolgoi project, holding a 20% or 30% interest depending on mineralization depth [6]. - Major shareholders include Royal Gold, Inc. and Rio Tinto, holding approximately 24% and 16% of the Company's shares, respectively [6].
PPX Mining Appoints Ernest Mast as President and CEO and Announces Stock Option Grants
Accessnewswire· 2025-12-22 13:00
Core Viewpoint - PPX Mining Corp. has appointed Mr. Ernest Mast as President and Chief Executive Officer, effective January 12, 2026 [1] Company Summary - The appointment of Mr. Ernest Mast is a strategic move for PPX Mining Corp. as it seeks to enhance its leadership team [1]
Mining in 2025: emerging trends and predictions for 2026
Yahoo Finance· 2025-12-22 12:45
Core Insights - China's dominance in rare earths and critical minerals has highlighted global dependence on its production capacity, particularly for automakers, electronics manufacturers, and energy producers [1] - The trade tensions between the US and China have escalated, resulting in significant tariff increases and expanded export restrictions on critical minerals [2][3] - Countries are actively seeking to diversify their supply chains to reduce reliance on China, with the US leading these efforts [3][6] Group 1: Trade Relations and Geopolitical Tensions - The US-China trade conflict began with tariffs and has escalated to a 145% tariff rate on Chinese goods from the US, with China retaliating with a 125% counter rate [2] - China controls 40% of the world's rare earth reserves and 91% of global separation and refining capabilities, making it a critical player in the supply of essential minerals [3][4] - The mining industry is experiencing shifts due to geopolitical tensions, with countries competing for critical minerals necessary for energy transition [5][6] Group 2: Supply Chain Diversification - Countries are ramping up efforts to secure supply chains for critical minerals, with the US and Australia signing a $1 billion deal to enhance their rare earths market [9] - The US is exploring investment opportunities in Africa, while Australia is looking towards Brazil and Indonesia to diversify its mineral sources [10] - Nations producing critical minerals are becoming more assertive in capturing value, pushing for local processing and increased government participation [10][11] Group 3: Mining Industry Trends - The global mining industry is adapting to geopolitical shifts and increasing demand for critical minerals, with a focus on decarbonization and technological advancements [5][7] - The demand for copper is projected to grow by 2.1% by the end of 2025, despite challenges in production due to operational issues in key regions [12][13] - The mining sector is prioritizing security of supply over cost, leading to diversification into new regions and long-term agreements [11] Group 4: Electrification and Technology in Mining - The mining industry is increasingly adopting battery-electric vehicles (BEVs) and autonomous equipment to improve operational efficiency and reduce environmental impact [22][26] - As of March 2025, the number of battery-powered surface trucks has significantly increased, indicating a shift towards electrification in mining operations [23] - The deployment of autonomous mining equipment is expected to grow, particularly in large operations, enhancing productivity and safety [29][30]
Anfield Energy Announces JD-8 Mine Restart Application Passes Initial Completeness Review with Colorado DRMS
Globenewswire· 2025-12-22 12:00
Core Insights - Anfield Energy Inc. has received an affirmative initial completeness determination from the Colorado Division of Reclamation, Mining and Safety for its JD-8 uranium and vanadium mine permitting application, submitted on November 19, 2025, which allows the project to advance to a full substantive review [1][2] - The project is on track for potential approval and mobilization in mid-2026, with a targeted production restart in the second half of 2026 [1][2] Company Developments - CEO Corey Dias emphasized that the positive completeness finding is a critical early de-risking event for the JD-8 project, highlighting strong uranium market fundamentals and increasing domestic nuclear fuel demand [2] - The JD-8 mine is part of Anfield's West Slope project portfolio and is supported by the company's 100%-owned Shootaring Canyon mill, one of only three licensed conventional uranium mills in the U.S. [2] - The restart plan will utilize existing underground workings and historical production records, aligning with Anfield's hub-and-spoke production strategy [2] Economic Considerations - The decision to advance the JD-8 mine's development is based on historical production data and drilling sample analysis, rather than a feasibility study demonstrating economic and technical viability, introducing additional uncertainty regarding the project's economics [3]
Veteran Speculators Warn About Silver, Point The Metal To Watch In 2026 - Global X Copper Miners ETF (ARCA:COPX), VanEck Gold Miners ETF (ARCA:GDX)
Benzinga· 2025-12-22 11:56
Market Sentiment and Silver - Silver has experienced a significant rally in 2025, surpassing $68 per ounce, prompting caution among market analysts as mainstream media narratives shift [1] - The supply of silver is closely tied to copper production, with recent disruptions in the copper market potentially impacting silver supply [2][3] Investment Strategies and Market Outlook - Speculators often misjudge tactics despite having the right strategy, leading to psychological challenges during market fluctuations [4] - Both analysts expect the dollar debasement trend to persist, with potential drawdowns of 30-50% testing investor resolve [4] Gold Market Insights - The rise of gold to all-time highs requires a long-term perspective, with projections of nominal price increases between 250-400% over the next decade [5] - Historical performance suggests that understanding the reasons for investment can lead to eventual gains, even if initial prices are high [6] Uranium Market Potential - Uranium is highlighted as a compelling investment opportunity, with the Global X Uranium ETF advancing 71% year-to-date [7] - Long-term contracts in the uranium market are providing unprecedented certainty for producers, distinguishing it from other commodities [8] - Analysts expect uranium juniors to become the most reliable in the resource space over the next five years [9] Price Volatility and Strategic Entry Points - Spot price volatility in uranium may obscure strengthening fundamentals, with long-term contract prices increasing [10] - The association of uranium with AI infrastructure could present vulnerabilities, but may also offer strategic entry points for patient investors [10]