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Sonoro Gold completes final concession payment for Cerro Caliche project in Mexico
Proactiveinvestors NA· 2025-10-30 12:39
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]
Cascadia Minerals Ltd to Attend Deutsche Goldmesse Fall 2025 in Frankfurt
Newsfile· 2025-10-30 12:00
Core Insights - Cascadia Minerals Ltd will participate in the Deutsche Goldmesse Fall 2025, scheduled for November 14th and 15th in Frankfurt, Germany [1][2] - The event is recognized as Germany's premier investment conference in the resource sector, focusing on junior mining companies [2][4] - The Carmacks Project, Cascadia's flagship asset, has significant resources and demonstrated positive economic potential in a recent assessment [3] Company Overview - Cascadia Minerals Ltd's flagship asset is the Carmacks Project, covering 177 sq. km in the Minto Copper Belt, Yukon Territory, Canada [3] - The Carmacks Main Deposit contains a Measured and Indicated Resource of 651 million pounds of copper and 302 thousand ounces of gold, with a copper equivalent grade of 1.07% [3] - A preliminary economic assessment in 2023 indicated a post-tax NPV of $330.1 million and a post-tax IRR of 38% at copper and gold prices of $4.25/lb and $2,000/oz, respectively [3] Event Details - Deutsche Goldmesse is a two-day event that connects mining companies with European institutional and high-net-worth investors, analysts, and media [4][5] - The conference features up to 35 selected mining companies and includes keynote speakers and industry influencers [4][5] - The event aims to foster new business opportunities and facilitate valuable relationships within the mining sector [4]
World Copper Announces Closing of Sale of Zonia Copper Project
Newsfile· 2025-10-30 11:49
Core Viewpoint - World Copper Ltd. has successfully completed the sale of the Zonia Copper Project to Edge Copper Corporation, receiving cash and shares as part of the transaction [1][2]. Transaction Details - The transaction involved World Copper receiving $10.5 million in cash and 37,820,374 common shares of Edge Copper, resulting in approximately 31.3% ownership of Edge Copper for World Copper and its shareholders [2]. - World Copper shareholders exchanged their shares for new common shares of World Copper and approximately 0.12482512 of an Edge Copper share based on the exchange ratio [3]. - World Copper retained about $500,000 in cash and 5,000,000 Edge Copper shares post-consolidation, with plans to use the cash consideration to settle outstanding debts and liabilities [3]. Approval and Legal Aspects - Shareholder approval for the transaction was obtained on October 16, 2025, and the Supreme Court of British Columbia approved the transaction on October 23, 2025, making it effective on October 30, 2025 [5]. - The transaction was conducted on an arm's length basis, with no finder's fees, but a financial advisory fee of 4% of the transaction value is payable by World Copper [6]. Financing and Warrant/Option Replacement - Edge Copper provided a bridge loan of $600,000 to World Copper, which was set off against the cash consideration upon closing [10]. - Holders of World Copper warrants and options received replacement warrants and options to acquire Edge Copper shares based on the exchange ratio [7][9]. Listing and Future Operations - Following the transaction, World Copper shares will be exchanged for New World Copper shares, which are expected to commence trading on the TSX Venture Exchange on October 31, 2025 [11]. - The company plans to continue operating as a mineral exploration issuer and aims to meet the continued listing requirements of the TSXV [12].
Mayfair Gold to Participate in Red Cloud's 2025 Fall Mining Showcase
Prnewswire· 2025-10-30 11:00
Accessibility StatementSkip Navigation 440k+Newsrooms &Influencers 9k+Digital MediaOutlets 270k+JournalistsOpted In GET STARTED Also from this source Mayfair Gold Announces Filing of Annual Information Form VANCOUVER, BC, Oct. 30, 2025 /PRNewswire/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold" or the "Company") (TSXV: MFG) (OTCQX: MFGCF) is pleased to announce that it will be participating in the Red Cloud Fall Mining Showcase 2025. Shareholders and interested parties are invited to attend the event and ...
Eramet: Turnover down in third quarter 2025
Globenewswire· 2025-10-30 06:30
Core Insights - Eramet's turnover decreased by 10% in Q3 2025, amounting to €720 million, primarily due to a negative price effect of 25% and logistical challenges, despite a positive volume effect of 22% [6][20][30] Financial Performance - Adjusted turnover for manganese activities fell to €421 million, down 26% year-on-year, with manganese ore turnover declining by 35% to €221 million [17][21] - Nickel activity saw a significant increase, with adjusted turnover rising to €142 million, a 122% increase compared to Q3 2024, driven by a 567% increase in external nickel ore sales [38][39] - Mineral sands turnover decreased by 32% to €51 million, reflecting price pressures and a slight decrease in ilmenite volumes sold [55] Operational Challenges - Manganese ore transportation volumes declined by 13% to 1.6 million tonnes due to operational challenges on the rail network [21][31] - The company is facing a highly uncertain macroeconomic environment, which is negatively impacting demand and cash generation [6][20] Production and Sales - Lithium carbonate production ramped up significantly, reaching 2,080 tonnes in Q3 2025, with sales of 1,000 tonnes [66][72] - Nickel ore production in Indonesia increased to 12.3 million wet metric tonnes, with external sales volumes rising to 9.3 million wet metric tonnes [38][48] Market Trends - Global manganese ore consumption increased by 8% in Q3 2025, driven by sustained manganese alloys production, particularly in China [26] - The price index for manganese ore averaged $4.3/dmtu in Q3 2025, down 40% compared to Q3 2024, reflecting unfavorable comparatives [28] Strategic Initiatives - The company has initiated a performance improvement program focusing on safety, operational excellence, and financial resilience [5][6] - A revised Capex plan for 2025 is set between €400 million and €425 million, down from previous estimates [81] Outlook - The outlook for Q4 2025 indicates a continued decline in global carbon steel production, which is expected to impact manganese ore demand [35] - The lithium market is anticipated to remain in surplus, with prices under pressure, despite strong demand driven by electric vehicle sales [70][73]
X @Bloomberg
Bloomberg· 2025-10-30 05:03
Residents of Kiruna in northern Sweden face upheaval as the local mine caters to Europe's growing need for rare earths https://t.co/mmbTRicw0g ...
X @Bloomberg
Bloomberg· 2025-10-30 04:54
Rare earths buyers around the world will have to accept premium prices to get secure and stable supplies from outside China, according to the head of Australia’s Lynas Rare Earths https://t.co/y7KUPrcgA6 ...
Manganese X Energy Announces Appointment of Desmond Tranquilla, P.Eng., as New Director
Newsfile· 2025-10-30 04:15
Core Viewpoint - Manganese X Energy Corp. has appointed Desmond Tranquilla to its Board of Directors, which is expected to enhance the company's capabilities in advancing its Battery Hill High-Purity Manganese Project and strengthen its position in the North American EV battery supply chain [1][4][5]. Group 1: Appointment Details - Desmond Tranquilla, a mining executive with over 32 years of experience, has been appointed to the Board of Directors effective October 29, 2025 [1][2]. - Tranquilla has held senior leadership roles in major mining and engineering firms, including Canada Nickel Company Inc. and Detour Gold Corporation [2][3]. - His experience includes managing large-scale capital projects, such as Vale's CAD$1.6 billion Atmospheric Emission Reduction Project and Detour Gold's CAD$1.5 billion Detour Lake Project [3]. Group 2: Project and Strategic Importance - Tranquilla's technical and operational expertise will be crucial as Manganese X progresses towards completing its Pre-Feasibility Study (PFS) for the Battery Hill project [4]. - The company aims to become the first publicly traded manganese mining company in Canada and the US to commercialize EV-compliant high-purity manganese, contributing to the North American supply chain [6]. - Manganese X intends to supply value-added materials to the lithium-ion battery and alternative energy industries while focusing on carbon-friendly methodologies and competitive processing costs [6].
JPMorgan Lowers Rio Tinto (RIO) Price Target Slightly, Maintains Overweight Rating
Yahoo Finance· 2025-10-30 01:47
Group 1 - Rio Tinto Group (NYSE: RIO) is recognized as one of the 11 Best FTSE Dividend Stocks to buy currently [1] - JPMorgan analyst Dominic O'Kane has slightly reduced the price target for Rio Tinto from 6,170 GBp to 6,100 GBp while maintaining an Overweight rating [3] - The company reported a 6% quarter-over-quarter increase in third-quarter iron ore shipments, with significant production growth in copper, reaching 204,000 tons, a 10% year-over-year increase [4] Group 2 - Rio Tinto currently pays a semi-annual dividend of $1.48 per share, resulting in a dividend yield of 5.11% as of October 29 [5]
Nobel Announces Private Placement Offerings
Globenewswire· 2025-10-29 20:03
Core Viewpoint - Nobel Resources Corp. has announced a new financing initiative, the LIFE Offering, aiming to raise between $1.5 million and $2.5 million through the sale of units priced at $0.05 each, with a closing date anticipated around November 17, 2025 [1][8]. Group 1: Offering Details - The LIFE Offering will consist of a minimum of 30,000,000 units and a maximum of 50,000,000 units, with each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant will allow the holder to purchase one share at a price of $0.06 for a period of 24 months following the closing date, with a 70-day waiting period before exercise [2]. - The company will pay a cash commission of 7% on the gross proceeds to the agents and issue broker warrants equal to 7% of the total units sold [3]. Group 2: Regulatory and Compliance - The LIFE Offering will be available to purchasers in all Canadian provinces except Québec, under the listed issuer financing exemption [4]. - The securities from the LIFE Offering are expected to be freely tradable under Canadian securities legislation if sold to Canadian residents [4]. Group 3: Additional Offerings - In addition to the LIFE Offering, the company plans a concurrent non-brokered private placement of up to 20,000,000 units [5]. - Participation from certain insiders in the non-brokered offering will be classified as a related party transaction, with the company relying on exemptions from formal valuation requirements [6]. Group 4: Use of Proceeds - The net proceeds from both offerings will be allocated towards exploration work on the company's mineral properties in Chile, as well as for general corporate and working capital purposes [7]. Group 5: Closing and Approval - The offerings are subject to necessary approvals, including that of the TSX Venture Exchange, and are expected to close on or before 45 days from the announcement date [8]. Group 6: Company Overview - Nobel Resources is a Canadian resource company focused on identifying and developing mineral projects, backed by a team with a strong exploration success record [12].