Mining
Search documents
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]
New Happy Creek Minerals CEO looking to turn high-grade Fox Tungsten deposit into a mine
Proactiveinvestors NA· 2025-12-11 14:32
Group 1 - Proactive specializes in providing fast, accessible, informative, 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, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Century Lithium updates on rare earth potential at Angel Island
Proactiveinvestors NA· 2025-12-11 14:03
Group 1 - Proactive specializes in providing fast, accessible, and actionable business and finance news content to a global investment audience [2][3] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team operates from key finance and investing hubs, including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - Proactive employs technology to enhance workflows and has a forward-looking approach to technology adoption [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Freeport-McMoRan Inc. Class Action: The Gross Law Firm Reminds Freeport-McMoRan Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 12, 2026 - FCX
Prnewswire· 2025-12-11 14:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements related to safety practices at its Grasberg Block Cave mine in Indonesia [1]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine [1]. - It is claimed that the lack of proper safety precautions posed a heightened risk that could foreseeably lead to worker fatalities [1]. - The allegations include that this situation constituted an undisclosed heightened risk of regulatory, litigation, and reputational issues [1]. - As a result, the defendants' statements about Freeport-McMoRan's business, operations, and prospects were materially false and misleading [1]. Group 2: Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [1]. - Shareholders who purchased shares during this period are encouraged to contact the Gross Law Firm for possible lead plaintiff appointment [1]. - The deadline for shareholders to seek lead plaintiff status is January 12, 2026 [2]. Group 3: Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [3]. - The firm seeks recovery for investors who incurred losses due to false or misleading statements that led to artificial inflation of the company's stock [3].
San Lorenzo Gold Announces Entering Into an Advisory Engagement with Argonaut, a Proposed Private Placement and Provides a Salvadora Drilling Update
Thenewswire· 2025-12-11 14:00
Core Viewpoint - San Lorenzo Gold Corp. has engaged Argonaut Corporate Finance Limited as a strategic financial advisor and plans to conduct a non-brokered private placement to raise up to $4 million for exploration and working capital purposes [1][2][3][6]. Advisory Engagement with Argonaut - The advisory engagement with Argonaut is for an initial term of six months, extendable by mutual agreement, focusing on the Salvadora Gold/Copper project and other properties in Chile [3]. - Argonaut will receive a monthly compensation of $5,000 and 1,000,000 warrants at an exercise price of $0.80 for two years [4]. Private Placement - San Lorenzo intends to complete a private placement of units for gross proceeds of up to $4 million, with each unit priced at $0.62, consisting of one common share and one-half of a warrant [6]. - The Argonaut Group will participate as a cornerstone investor, contributing $2 million to the offering [6]. - The proceeds will be used for exploration on the Salvadora property and general working capital [8]. Conversion of Credit Facilities - Tailwind Capital Neo Fund Ltd. will convert advances from two credit facilities into common shares, with $1 million converted at $0.20 per share and $235,190 at $0.35 per share [12]. - This conversion will eliminate outstanding advances under both facilities upon closing of the offering [12]. Repayment of Term Loan - A term loan of $1 million to Lithium Chile Inc. will be satisfied by issuing units for 50% of the indebtedness at the offering price and repaying the remaining 50% in cash from the offering proceeds [13]. Drilling Update - San Lorenzo is currently drilling a fourth hole on its Cerro Blanco porphyry target, with results expected in January 2026 [14]. Company Overview - San Lorenzo is focused on advancing its flagship Salvadora property in Chile's mega-porphyry belt, with prior drilling indicating significant gold and copper resources [15].
AREC's Portfolio Company Expands Critical & Rare Earth IP Portfolio
ZACKS· 2025-12-11 13:36
Core Insights - American Resources Corporation's (AREC) portfolio company, ReElement Technologies, has expanded its intellectual property (IP) portfolio with five new patent applications aimed at enhancing its high-purity refining platform for critical minerals and rare earth elements [1][8] Intellectual Property Expansion - The new patent filings build upon ReElement's proprietary chromatographic process and advanced separation methods, allowing for the refinement of elements such as antimony, germanium, gallium, terbium, gadolinium, and yttrium to purities ranging from 99.5% to 99.999% [2][8] - The patents enhance ReElement's capability to process both heavy and light rare earth elements, as well as critical minerals vital for defense systems, semiconductors, magnets, advanced optics, and clean-energy technologies [3][8] Strategic Vision and Financial Support - ReElement emphasizes that the new IP supports its vision of a modular, clean, and scalable domestic refining infrastructure, which can be deployed near mining, recycling, or concentration sites, thereby reducing capital intensity and environmental impact compared to traditional solvent-extraction methods [4] - The patent expansion was facilitated through a non-dilutive financial arrangement with Royalty Management Holding Corp., which will receive a royalty interest on the refined output produced under the patented processes [4] Market Performance - Shares of AREC have increased by 153.4% year to date, significantly outperforming the industry's rise of 31.5% [5]
FCX INVESTOR NOTICE: Freeport-McMoRan Inc. Stock Dropped 25% after Safety Issues; Contact BFA Law about the Pending Securities Class Action
Globenewswire· 2025-12-11 13:07
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud following significant stock drops attributed to potential 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, captioned Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case [3]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia through its affiliate PT Freeport Indonesia, where the Indonesian government holds a commercial interest [4]. - The company has been accused of overstating its commitment to safety, as unsafe mining practices at the Grasberg mine were likely to result in worker fatalities [5]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide that trapped seven team members [6]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% decrease in copper sales and 6% decrease in gold sales, the stock fell by $7.69 per share (almost 17%) [7]. - On September 25, 2025, reports of strained relations with the Indonesian government led to a further decline of $2.33 per share (over 6%) [8]. - An Indonesian news report on September 28, 2025, suggested that the landslide was preventable, further impacting investor confidence [9].
Homerun Resources Inc. Announces Positive Results of Confirmation Testing by Minerali Industriali Engineering on the Santa Maria Eterna Silica Sand for the Manufacture of Antimony-Free Solar Glass
Newsfile· 2025-12-11 13:00
Core Insights - Homerun Resources Inc. has announced positive results from confirmation testing conducted by Minerali Industriali Engineering on its high purity, low iron silica sand from Santa Maria Eterna, confirming its suitability for the manufacture of antimony-free solar glass [1][5] Group 1: Testing Results - The Lab Scale Treatment Test Report confirms the silica sand's purity at 99.7% with only 24 ppm of Iron/Fe, indicating its low-contaminant nature [3] - Two sets of tests were conducted: the basic solution reduced Iron/Fe to 14 ppm, while the complete solution achieved a reduction to 8 ppm, with all other contaminants well below acceptable ranges [6] Group 2: Resource Estimates - Homerun has completed a 43-101 compliant Technical Report indicating a preliminary resource estimate of 25.56 million tonnes (Mt) Measured and 38.35 million tonnes (Mt) Inferred of high-purity silica sand (>99.6% SiO2) from one of its three assets [2] Group 3: Strategic Positioning - The high initial material quality of the Santa Maria Eterna silica sand provides Homerun with a competitive edge in producing antimony-free solar glass, as minimal upgrades are needed to meet technical requirements [5] - Homerun is focused on building a vertically integrated platform for clean energy manufacturing, leveraging its unique high-purity silica resource in Bahia, Brazil [8][9]
St. Augustine Announces Closing of Private Placement
Newsfile· 2025-12-11 11:00
Manila, Philippines--(Newsfile Corp. - December 11, 2025) - St. Augustine Gold and Copper Limited (TSX: SAU) ("St. Augustine" or the "Company") is pleased to announce that it has closed the previously announced private placement of $1,204,500 from the sale of 16.5 million units, each unit comprising one common share and two warrants, each warrant entitling the holder to subscribe for one additional common share at $0.11 for a period of 5 years, assuming a number of development milestones are met during tha ...
大涨150%!“钴奶奶”越来越贵
起点锂电· 2025-12-11 10:40
Group 1 - The article discusses the recent fluctuations in cobalt prices, noting a current price of 406,800 CNY per ton, which has decreased by 3,600 CNY from the previous day and by 9,000 CNY over the past week, but has increased by 13,300 CNY over the past month, reflecting a rise of over 150% since the cobalt export ban in February this year [5][6] - The pricing power in the cobalt market is primarily held by the Democratic Republic of Congo (DRC), which has implemented new export regulations requiring exporters to prepay a 10% mining license fee and has introduced stricter export supervision measures [5][6] - The DRC's export quota system, which began on October 15, 2023, allows for the export of 18,100 tons of cobalt for the remainder of the year and 96,600 tons for each of the following two years, impacting the global cobalt supply chain [6][9] Group 2 - The cobalt market is transitioning from a free export system to a quota-based export system, which may disrupt the battery cathode materials market, particularly affecting the demand for cobalt in ternary batteries while potentially boosting the lithium iron phosphate battery market [12][13] - The article highlights that while cobalt is essential for high-end electric vehicles and aerospace applications, the ongoing price increases may lead to a shift towards lithium iron phosphate batteries, especially among international brands [12][13] - Companies like Luoyang Molybdenum and Huayou Cobalt are expected to benefit from the rising cobalt prices, with Luoyang Molybdenum reporting a production of 88,000 tons of cobalt in the first three quarters of the year [10][14]