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Troilus Agrees to Commercial Offtake Terms with Boliden for Copper-Gold Concentrate
Globenewswire· 2025-07-10 11:00
Core Viewpoint - Troilus Gold Corp. has entered into indicative commercial offtake terms with Boliden Commercial AB for the sale of copper-gold concentrate from the Troilus Project, enhancing its strategic position in the European critical minerals supply chain [1][2]. Group 1: Offtake Agreements - The agreement with Boliden is the second offtake arrangement for Troilus, following a prior agreement with Aurubis AG, which underscores the quality of Troilus' anticipated concentrate [2]. - The final binding offtake agreements with both Boliden and Aurubis are expected to be executed alongside a broader US$700 million debt financing package [4]. Group 2: Project Production and Feasibility - The Troilus Project is projected to produce an annual average of approximately 135.4 million pounds of copper equivalent, translating to 75,000 wet metric tonnes (WMT) of concentrate containing payable copper, gold, and silver [3]. - The feasibility study completed in May 2024 supports a large-scale 22-year, 50ktpd open-pit mining operation, positioning Troilus as a cornerstone project in North America [8]. Group 3: Strategic Partnerships and Development - The partnership with Boliden renews a long-standing relationship, as Boliden previously processed concentrate from the Troilus site during its past production years [4]. - The company is advancing across regulatory, technical, and commercial fronts toward a construction decision, with ongoing support from financial institutions and export credit agencies [4][6].
Imperial Reports Mount Polley Production Update for 2025 Second Quarter
Globenewswire· 2025-07-09 21:22
Production Overview - Imperial Metals Corporation reported quarterly production from the Mount Polley mine, achieving 9.496 million pounds of copper and 11,061 ounces of gold in Q2 2025, an increase from 9.281 million pounds of copper and 10,009 ounces of gold in Q2 2024 [1][2] - Mill throughput increased by 2.6% in Q2 2025, with 1.759 million tonnes treated compared to 1.714 million tonnes in Q2 2024, contributing to higher copper and gold production [3] Year-to-Date Performance - For the first half of 2025, copper production rose by 10.6% and gold production increased by 8.3% compared to the same period in 2024, driven by improvements in throughput, grades, and recoveries [4] Detailed Production Metrics - In Q2 2025, the ore milled was 1,759,093 tonnes, with a daily milling rate of 19,331 tonnes. The copper grade was 0.295%, and the gold grade was 0.286 g/t. Copper recovery was 83.0%, while gold recovery was 68.4% [5] - For the first six months of 2025, the total ore milled was 3,480,862 tonnes, with a copper grade of 0.288% and a gold grade of 0.280 g/t. The copper recovery was 83.2%, and the gold recovery was 69.1% [5] Mining Operations - Mining activities continued in the lower Springer Pit in Phase 4, with ongoing stripping for Phase 5 pushback on the east wall of the pit during the quarter [5] Company Profile - Imperial Metals Corporation is based in Vancouver and operates the Mount Polley mine (100% ownership), the Huckleberry mine (100% ownership), and holds a 30% interest in the Red Chris mine, along with a portfolio of 23 exploration properties in British Columbia [7]
First Nordic Metals Announces C$10 Million “Best Efforts” LIFE Offering of Units
Globenewswire· 2025-07-09 20:37
Core Viewpoint - First Nordic Metals Corp. has announced a private placement offering to raise up to C$10 million through the sale of units, with a minimum offering amount of C$5 million [1][5]. Group 1: Offering Details - The offering consists of up to 27,027,027 units priced at C$0.37 each, with each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at C$0.55 for 24 months from the closing date, with the possibility of acceleration if the share price exceeds C$0.75 for 20 consecutive trading days [2]. - The agents have an option to sell an additional 15% of the offering, potentially raising an extra C$1.5 million [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration activities in Sweden and Finland, as well as for general working capital and corporate purposes [3]. Group 3: Regulatory and Compliance Information - The offering will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under Canadian securities laws [4]. - The expected closing date for the offering is around July 31, 2025, pending necessary regulatory approvals [5]. Group 4: Compensation to Agents - The company will pay the agents a cash commission of 6% on gross proceeds, with potential reductions for certain purchases, and will issue non-transferable compensation options equivalent to 6% of the units sold [6].
Brixton Metals Announces Flow-Through Private Placement of $2.3 Million
Globenewswire· 2025-07-07 11:30
Group 1 - Brixton Metals Corporation announced a non-brokered private placement offering of 17,692,308 flow-through common shares at a price of $0.13 per share, aiming for gross proceeds of $2,300,000 [1][2] - The proceeds from the offering will be utilized for drilling at the Company's Thorn Project located in British Columbia [2] - The offering is subject to acceptance by the TSX Venture Exchange, and there may be finder’s fees payable to individuals who introduce subscribers to the offering [2] Group 2 - The securities issued in the offering will be subject to a hold period of four months and one day in accordance with Canadian securities laws [2] - The news release includes forward-looking statements regarding future business and financial performance, including potential mineral quantities and exploration plans [3] - The Company does not undertake to update any forward-looking information except as required by applicable securities laws [4]
Blue Moon Metals Appoints Stephen Eddy as Senior Vice-President Corporate Development
Globenewswire· 2025-07-03 10:45
Core Insights - Blue Moon Metals Inc. has appointed Stephen Eddy as Senior Vice-President of Corporate Development to enhance its management team and support growth in its critical metals portfolio [1][2] - Stephen Eddy brings over two decades of experience in capital markets transactions, risk management, and corporate development within the mining sector, having led significant acquisitions and divestitures [2] - The company has granted Stephen Eddy 200,000 incentive stock options with an exercise price of $3.37, vesting over three years [3] Company Overview - Blue Moon is advancing three brownfield polymetallic projects: the Nussir copper-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, and the NSG copper-zinc-gold-silver project in Norway [4] - All three projects are strategically located with existing local infrastructure, including roads and power, and are recognized as critical to the global economy and national security [4]
Scott Lendrum appointed Chief Executive Officer of Giga Metals Corporation
Globenewswire· 2025-06-24 20:29
VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Giga Metals Corporation (TSX.V: GIGA, OTCQB: GIGGF, FSE: BRR2) (the "Company") is pleased to announce that Scott Lendrum has been appointed Chief Executive Officer of the Company, effective July 2, and will also join the board of directors of the Company (the "Board"). Mr. Lendrum has extensive experience as an investment banker specializing in the mining sector. He has a strong track record in executing cross-border mergers and acquisitions, eq ...
Blue Moon Metals Completes First Blast on Nussir Access Portal Ahead of Schedule
Globenewswire· 2025-06-16 10:45
Core Viewpoint - Blue Moon Metals Inc. has commenced underground construction on the Nussir Mine, completing the first blast ahead of schedule, marking a significant milestone in the project [1][3]. Company Overview - Blue Moon is advancing three brownfield polymetallic projects: the Nussir copper-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, and the NSG copper-zinc-gold-silver project in Norway [6]. - All three projects are strategically located with existing local infrastructure, including roads and power [6]. Project Development - The mining contractor, Leonhard Nilsen & Sonner AS, will extend the decline approximately 2,500 meters to facilitate further underground exploration [2]. - The exploration work planned for the next year will provide essential engineering inputs and lead to a final investment decision in 2026 [2]. Market Relevance - The Nussir Mine is positioned to supply critical metals, particularly copper, to meet Europe's growing demand [3]. - Zinc and copper are recognized as critical metals essential to the global economy and national security by both the USGS and EU [6].
Yukon Metals Begins Inaugural Drilling Program at High-Grade Copper Zone of AZ Property
Globenewswire· 2025-06-11 13:00
VANCOUVER, British Columbia, June 11, 2025 (GLOBE NEWSWIRE) -- Yukon Metals Corp. (CSE: YMC, FSE: E770, OTCQB: YMMCF) (“Yukon Metals” or the “Company”) is pleased to announce it has commenced the inaugural drilling program at its 11,755-hectare AZ Project, located 6 kilometers west of the Alaska Highway and 36 kilometres south of Beaver Creek, Yukon. The fully funded exploration program includes 2,000 metres of diamond drilling, along with extensive geological mapping and rock-chip sampling across several h ...
摩根大通:全球大宗商品一周回顾
摩根· 2025-06-10 07:30
Investment Rating - The report maintains a firm floor for Brent crude prices in the range of $55-60 and WTI prices in the range of $50-55 [5] Core Insights - Global oil demand increased by 400 thousand barrels per day (kbd) in May, averaging 103.6 million barrels per day (mbd), although this was 250 kbd below expectations [5] - Total liquid inventories globally built by 10 million barrels (mb) in May, with crude oil stocks rising by 3 mb and oil product inventories increasing by 7 mb [5] - The report anticipates a 2.6 mbd surplus in crude oil by the fourth quarter of 2025, driven by rising OECD inventories and a flattening crude curve [5] Oil Market Analysis - Front-month crude prices remain resilient despite accelerated OPEC supply hikes [5] - Five conditions are identified for crude prices to reflect year-end weakness, with expectations that only two will occur: a surge in OECD inventories and a flattening crude curve [5] - Limited potential for run increases due to refinery closures in the US and Europe, capacity constraints in Russia, and export restrictions in China [5] Agricultural Market Insights - The USDA's June 12 WASDE report is viewed as a major bullish event risk for CBOT Corn prices, with a significant increase in US corn export targets [6] - US wheat export sales remain competitive, prompting an increase in old crop US wheat exports [6] - A tighter US cotton balance is expected due to rising export demand [6] Natural Gas Market Dynamics - The European natural gas market is influenced by supply factors following the decline in Russian pipeline flows, with a focus on demand dynamics [7] - The report introduces a European natural gas demand and storage tracker to monitor weekly demand and storage dynamics in key regions [7] LNG Trade Forecast - Global LNG trade in May 2025 reached 47.4 billion cubic meters (Bcm), with a year-to-date volume of 244.8 Bcm, reflecting a 3.4% year-over-year increase [8] - The forecast anticipates a growth of around 5% in global LNG trade for the full year 2025, reaching 589 Bcm [8] Commodity Market Positioning - The estimated value of global commodity market open interest declined by 3% week-over-week, driven by outflows in the gold market and weakness in energy prices [9] - Cumulative flows for 2025 have returned to 10-year average levels [9] Rig Activity Trends - The downward trend in US rig activity continues, with a decrease of nine oil rigs this week, particularly in the Permian and Eagle Ford basins [10] - The pace of rig attrition in the Permian is surpassing earlier projections, leading to a downward revision of 2025 Permian crude and condensate output [10] Price Forecasts - The report provides quarterly and annual price forecasts for various commodities, including WTI and Brent crude, natural gas, base metals, and precious metals [13]
摩根大通:全球大宗商品一周动态
摩根· 2025-06-04 01:50
Investment Rating - The report does not explicitly provide an investment rating for the commodities sector, but it discusses various market dynamics and price expectations for oil and other commodities. Core Insights - Global oil inventories are increasing, yet prices remain stable, with market opinions divided on whether current oil prices are too low or too high. Prices are expected to remain within current ranges before easing into the high $50s by year-end [3][6] - A global oil surplus has widened to 2.2 million barrels per day (mbd), likely necessitating a price adjustment to prompt a supply-side response and restore balance [3][6] - Despite supply pressures, three strong market forces are providing a firm price floor in the $55-60 Brent ($50-55 WTI) range [3][6] - Most OPEC members, excluding Saudi Arabia, are producing at or near maximum capacity following a price hike in July [3][6] - The U.S. administration may begin repurchasing oil for the Strategic Petroleum Reserve (SPR) as early as August [3][6] - U.S. shale wellhead breakeven prices are estimated at around $47 WTI, assuming zero return [3][6] Oil Demand & Inventory Tracker - Global oil demand improved from the previous week, driven by a rebound in U.S. oil consumption, tracking approximately 400 thousand barrels per day (kbd) monthly expansion, yet remains 250 kbd below expectations [10] - Total liquid inventories globally edged up slightly, with crude oil stocks falling by 1 million barrels while oil product inventories increased by 2 million barrels [10] - Month-to-date, global liquid inventories have risen by 63 million barrels, with crude oil stocks up by 67 million barrels [10] Commodity Market Positioning - The estimated value of global commodity market open interest increased by 2.5% week-over-week (WOW) to $1.46 trillion, driven by inflows and rising prices across precious metals and crude oil [9] - Contract-based inflows reached $20 billion WOW, marking the highest aggregate inflows for 2025 at $90 billion year-to-date, surpassing 10-year average levels [9] Price Forecasts - WTI Crude prices are forecasted to average $57 per barrel in Q4 2025, while Brent Crude is expected to average $61 per barrel in the same period [12] - Platinum prices are projected to rise to an average of $1,200 per ounce in Q4 2025 and reach $1,300 per ounce by Q2 2026 [11]