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Shareholders that lost money on Freeport-McMoRan Inc.(FCX) Urged to Join Class Action – Contact The Gross Law Firm to Learn More
Globenewswire· 2025-12-11 21:37
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit related to alleged misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [1][3]. Summary by Sections Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [3]. - Allegations include that Freeport failed to ensure adequate safety measures at the Grasberg Block Cave mine, leading to increased risks for workers and potential regulatory and reputational consequences [3]. Shareholder Information - Shareholders are encouraged to register for the class action by January 12, 2026, to participate in any recovery [4]. - Registration will provide shareholders with updates throughout the case lifecycle, and there is no cost or obligation to participate [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to hold companies accountable for misleading statements that inflate stock prices, ensuring responsible business practices [5].
Copper Hits Fresh All-Time High After Fed Delivers Rate Cut
Yahoo Finance· 2025-12-11 18:20
Core Insights - Copper prices reached a record high of $11,906 per ton, driven by a Federal Reserve interest rate cut and an upgraded growth forecast for the US economy [2][3] - The Fed's new growth projection for the US economy is 2.3% for next year, an increase from the previous estimate of 1.8%, with inflation expected to slow to 2.4% [3] - The positive outlook for the US economy is expected to enhance demand for industrial metals, despite a recent decline in Chinese copper consumption [4] Industry Summary - Copper has increased nearly 35% this year, influenced by mine disruptions and anticipated shortages outside the US, as traders prepare for potential tariffs [5] - The renewable energy sector is driving long-term demand for copper, contributing to its price rally [5] - Other industrial metals also saw price increases, with tin rising 4.4% to $41,751 per ton and zinc jumping 3.9% [5]
Antofagasta chief Arriagada reclaims role as as ICMM chair
MINING.COM· 2025-12-11 18:11
Iván Arriagada. Credit: Antofagasta PLC The International Council on Mining and Metals (ICMM) has re-appointed Iván Arriagada, chief executive officer of Chilean miner Antofagasta Plc, as its chair, effective immediately over a two-year term.He will succeed Tom Palmer, who became chair in October 2024 but is retiring from his role as CEO of Newmont, the world’s largest gold mining company, at the end of this year.ICMM is governed by its council comprising the CEOs of its 26 member companies. The chair is ap ...
Alkane Resources: A Dirt-Cheap Valuation For This Small-Cap Producer (OTCMKTS:ALKEF)
Seeking Alpha· 2025-12-11 18:00
Group 1 - Alluvial Gold Research provides detailed research on undervalued miners, focusing on those with upcoming catalysts to enhance portfolio performance [1] - The research includes access to current portfolios, real-time buy/sell alerts, and proprietary sentiment indicators for gold and silver miners [1] - Taylor Dart, leading Alluvial Gold Research, has over 16 years of trading experience, primarily in precious metals developers, producers, and royalty/streaming companies [1] Group 2 - The analyst has a beneficial long position in shares of AEM, AEM:CA, ALK:CA, and ALKEF through stock ownership, options, or other derivatives [2] - The article reflects the analyst's personal opinions and is not compensated beyond contributions to Seeking Alpha [2] Group 3 - The writing is intended for informational purposes and does not constitute financial or investment advice [3] - Position sizing is emphasized as critical in the volatile precious metals sector, recommending that small-cap precious metals stock positions be limited to 5% or less of one's portfolio [3]
X @Bloomberg
Bloomberg· 2025-12-11 17:30
Supply Chain - Cobalt miners in Congo can maintain their export quotas for the year [1] - Delays in new procedures have hindered cobalt shipments from Congo [1]
The Stories Beneath Our Feet | Afiq Aiman Jaya | TEDxUniversiti Brunei Darussalam
TEDx Talks· 2025-12-11 16:54
[applause] What if I tell you that Brunai's most powerful story isn't written in books, but preserved in the very rocks beneath our feet. Good evening everyone. My name is Afik and I'm a geologist.That means I spend most of my time staring at rocks, mapping hillsides, drilling through mud, clay, and stone, and sometimes getting my well stuck in swamps. But what I've discovered is this. Geology isn't just about rocks.It's about time. It's about memory. is the science of the earth and its history.It's the lon ...
KG: ORCL Pullback "Healthy" with Rotation, SPX Retreat & Silver Soars
Youtube· 2025-12-11 15:30
Market Overview - Initial jobless claims reported at 236,000, with the trade deficit narrowing to $52.8 billion [1] - The market is experiencing a healthy rotation, particularly within the technology sector, rather than a broad sell-off [3][4] Company-Specific Insights - Oracle's market reaction is viewed as a sign of rational exuberance, indicating a healthy market environment despite its stock being under pressure [2][4] - Broadcom's upcoming earnings are anticipated to shift market narratives, especially in the TPU space, which is seeing increased interest [5] Federal Reserve and Market Dynamics - The market is struggling to break above the key resistance level of 6900, which is crucial for bullish sentiment [6] - A healthy rotation is noted, with potential for a rally if growth and value sectors continue to attract positive inflows [7] Geopolitical Factors - Mexico's Senate approved a 50% tariff on certain goods starting in 2026, impacting trade relations with China and other countries [12][13] - This move could lead to retaliatory actions from China, affecting commodities like copper and automotive parts [15][16] Commodity Market Trends - Copper and silver prices are rising, driven by a weaker dollar and increased retail buying, with silver up 3% and copper up 1.7% [18][23] - Upcoming elections in Chile, a major copper producer, could influence copper mining stocks positively [22]
Belmont Resources Completes Relogging of 2008 Drill Core at Crackingstone Uranium Project, Saskatchewan
Thenewswire· 2025-12-11 15:30
Core Insights - Belmont Resources Inc. has announced the completion of a relogging and resampling program by Axiom Exploration Group Ltd. on drill core from the historic 2008 Crackingstone drill campaign at the Crackingstone Uranium Project [1][2] Summary by Sections Project Overview - The Crackingstone Uranium Project is 100% owned by Belmont and is located near Uranium City in northern Saskatchewan [1] - A total of 3,029.4 meters of drill core from twenty historical drill holes has been preserved and is in good condition for re-examination [2] Advancements and Objectives - Significant advancements in geological understanding and analytical methods for uranium and rare earth element (REE) mineralization have occurred since the original 2008 program [4] - The relogging program aims to modernize the understanding of the uranium system, utilizing techniques such as portable X-ray fluorescence (pXRF) and visible-near infrared spectroscopy (VNIR) [5][6] - The program will generate comprehensive geochemical datasets to better characterize uranium mineralization and evaluate potential REE mineralization within thorium-rich pegmatites [6] Future Plans - The results from the relogging program will support refined geological modeling and future drill-target planning, with a focus on defining strong drill targets for 2026 [5][6] - Drill samples have been sent to SRC Geoanalytical Laboratories in Saskatoon for analysis, and Belmont will provide updates once results are finalized [7][8] Company Background - Belmont Resources is a Canadian resource company with a diversified portfolio of discovery-stage assets, including projects in uranium, copper-gold, lithium, and gold [11]
Ucore Readies for Louisiana 2026 Heavy Rare Earth Element Processing
Newsfile· 2025-12-11 15:07
Core Insights - Ucore Rare Metals Inc. is advancing its RapidSX™ rare earth element separation technology and is set to transition its operations to a new facility in Alexandria, Louisiana, by 2026, supported by a USD$22.4 million agreement with the U.S. Department of War [1][2][8] Group 1: Technology and Operations - The company has been operating its 52-Stage RapidSX™ Demonstration Plant in Kingston, Ontario, since December 2023, focusing on improving the technology for future deployment in Louisiana [2][3] - The Louisiana Strategic Metals Complex (SMC) will produce mid and heavy rare earth elements, including terbium (Tb) and dysprosium (Dy), with potential for neodymium-praseodymium (NdPr) production [2][5] - Ucore has completed approximately 5,700 hours of rare earth element processing, demonstrating the capability to produce various rare earth element groups [6][7] Group 2: Project Development and Achievements - The company has established a continuous improvement program for the RapidSX™ technology platform, allowing for quick reconfiguration of operational equipment for specific separation needs [7] - Ucore has analyzed over 25,000 samples, confirming that RapidSX™ yields results comparable to conventional solvent extraction methods [7] - The company is on track for the installation of RapidSX™ Machine 1 in mid-2026, with ongoing field engineering, permitting, and procurement activities [7][8] Group 3: Strategic Vision and Market Position - Ucore aims to disrupt the control of rare earth element supply chains by the People's Republic of China through the development of processing facilities in the U.S. and Canada [10] - The company plans to expand its operations to include additional strategic metals complexes in Canada and Alaska, alongside its Bokan-Dotson Ridge Rare Heavy REE Project [10]
Nobel Closes First Tranche of Private Placement Offerings
Globenewswire· 2025-12-11 14:45
Core Points - Nobel Resources Corp. has closed the first tranche of its private placement, raising gross proceeds of $2,287,500 by issuing 45,750,000 units at a price of $0.05 per unit [1][5] - Each unit consists of one common share and one-half of a common share purchase warrant, with warrants priced at $0.06 for a period of 24 months [2] - The net proceeds from the offerings will be utilized for exploration work on Chilean mineral properties and general corporate purposes [6] Offering Details - The LIFE Offering was led by iA Private Wealth Inc., with an aggregate cash fee of $160,125 paid to the agents and 3,202,500 broker warrants issued [3] - The NB Offering raised an additional $335,000 by issuing 6,700,000 units, with the same terms as the LIFE Offering [5] - The shares and warrants from the LIFE First Tranche are not subject to a statutory hold period, while those from the NB First Tranche will have a four-month and one-day hold period [4][5] Insider Participation - Certain directors and officers subscribed for 4,700,000 units under the NB First Tranche, qualifying as a related party transaction [7] - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the transaction's market capitalization impact [7] Company Overview - Nobel Resources is a Canadian resource company focused on identifying and developing mineral projects, supported by a team with a strong exploration background [8]