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Electra Names Paolo Toscano Vice President, Projects and Engineering to Oversee Construction of North America’s First Cobalt Sulfate Refinery
Globenewswire· 2025-10-29 11:00
Core Insights - Electra Battery Materials Corporation has appointed Paolo Toscano as Vice President, Projects and Engineering to lead the construction of North America's first cobalt sulfate refinery in Ontario [1][2] Company Update - The company has decided not to proceed with a proposed reverse split of its common shares at this time, despite shareholder approval for a ratio of one post-split share for up to 3.5 pre-split shares [5][6] - Electra remains committed to enhancing its presence in U.S. capital markets and maintaining high standards of transparency and governance [5][6] Leadership and Experience - Paolo Toscano brings over 30 years of experience in leading large-scale mining and metals projects, with a strong background in technical excellence and operational discipline [2][3] - Toscano's previous roles include Senior Vice President at Marathon Gold and senior positions at Alamos Gold and Ausenco Engineering, where he successfully directed complex projects [3][4] Long-Term Incentive Plan - Electra has issued 2,669,000 incentive stock options, 179,000 restricted share units, and 271,000 deferred share units as part of its Long-Term Incentive Plan to retain and motivate high-performing personnel [7][8] - The options are exercisable for three years at a closing price of C$1.97 and will vest in two equal tranches [9] Strategic Focus - Electra is focused on constructing North America's only cobalt sulfate refinery to strengthen the critical minerals supply chain and reduce reliance on foreign sources [10] - The company is also exploring black mass recycling opportunities and evaluating growth in nickel refining and other battery materials [11]
Cascade Copper Samples High Grade Copper, Gold, and Silver, at its Copper Plateau Porphyry Project, South-Central BC
Thenewswire· 2025-10-29 11:00
Core Insights - Cascade Copper Corp. has announced positive results from its summer 2025 field program at the Copper Plateau Porphyry project, indicating potential resource expansion areas [2][3][4] Project Overview - The Copper Plateau Porphyry project spans 2,789 hectares and is located in south-central British Columbia, Canada [2][5] - The project is situated near the former Brenda Copper Mine, which produced 177 million tonnes of ore with a grade of 0.169% Cu and 0.043% Mo from 1970 to 1990 [5] Sample Results - Seven samples were collected, with five returning highly anomalous assays, including: - Sample A0284805: 10.6% Cu, 0.58 g/t Au, 66.9 g/t Ag, 0.18% Mo, equating to 13.04% CuEq - Sample A0284803: 0.86% Cu, 0.28 g/t Au, 7.12 g/t Ag, 23.9 ppm Mo, equating to 1.22% CuEq [4][12] - The results confirm that historic soil sampling aligns with significant bedrock mineralization [4][18] Future Plans - The company plans to conduct an induced polarization (IP) survey and several drill holes to explore high-grade potential areas indicated by historic drilling [14] - Permitting for geophysical surveys and drilling is currently underway [14] Exploration Strategy - Cascade Copper focuses on modern exploration techniques, including 3D inversion modeling and AI-enhanced predictive modeling [19] - The company is engaged in evaluating and exploring copper and gold mineral resource properties in British Columbia and Ontario [19]
USA Rare Earth Deepens Mining Expertise with Appointment of Dr. Alex Moyes as Vice President of Mining
Globenewswire· 2025-10-29 11:00
Company Overview - USA Rare Earth (Nasdaq: USAR) has appointed Dr. Alex Moyes as Vice President of Mining to lead mining operations and development at the Round Top deposit, which is the richest heavy rare earth, gallium, and beryllium deposit in the United States [1][2] - The company is focused on securing and growing America's supply chain for heavy rare earth minerals, metals, alloys, and magnets, with a vision for a resilient American rare earths industry [3] Leadership and Expertise - Dr. Moyes brings nearly 20 years of experience in mining, geology, and critical minerals development, previously serving as Director of Critical Minerals and Planning at Ramaco Resources, Inc. [2] - His expertise includes geology, mining engineering, and techno-economic modeling, which will support the company's exploration, extraction, and processing of rare earth elements [2] Strategic Vision - The company aims to develop a rare earth sintered neo magnet manufacturing plant in Stillwater, Oklahoma, to establish domestic supply and processing capabilities [4] - Rare earth magnets are critical to various sectors, including defense, automotive, aviation, industrial, AI robotics, medical, and consumer electronics, indicating a broad market approach [4] - The focus on domestic rare earth production aligns with national priorities, offering potential for a sustainable and secure supply of materials essential to key industries [4]
Jaguar Mining Inc. Announces Partial Lifting of Satinoco Pile Interdiction, a Critical Step Towards Resumption of the MTL Complex
Accessnewswire· 2025-10-29 10:30
TORONTO, ON / ACCESS Newswire / October 29, 2025 / Jaguar Mining Inc. (TSX:JAG) ("Jaguar" or the "Company") is pleased to announce a significant milestone toward the safe and efficient restart of operations at its MTL Complex, which includes the Turmalina Mine and processing plant. The Company has received a Partial Suspension of Interdiction Order (Termo de Suspensão de Interdição) from the Brazilian Ministry of Labour and Employment in the State of Minas Gerais. ...
X @Bloomberg
Bloomberg· 2025-10-29 10:25
Rio Tinto’s new boss has told staff that plans to focus the miner’s sprawling corporate structure on its most profitable metals will be a blueprint for a “sharper, simpler” operation https://t.co/l2RIDhLJke ...
FLSmidth & Co. A/S major shareholder announcement
Globenewswire· 2025-10-29 10:07
Core Points - Société Générale S.A. has increased its holdings in FLSmidth to 6.97% of the total share capital and voting rights as of 22 October 2025, up from less than 5.00% previously [2]. Group 1 - FLSmidth & Co. A/S received a notification from Société Générale S.A. regarding its financial instrument holdings [1]. - The announcement is made in accordance with the Danish Capital Markets Act [3]. - FLSmidth is a technology and service supplier to the global mining industry, focusing on improving performance and sustainability [4].
X @Bloomberg
Bloomberg· 2025-10-29 08:54
State mining giant Coal India reported a 31% decline from a year earlier in second-quarter profit https://t.co/kmC5yQNXgH ...
Glencore Trims Top End of Copper Production Guidance After Output Declines
WSJ· 2025-10-29 08:06
Group 1 - Copper production decreased by 17% compared to the same period last year [1] - Gold production also experienced a decline [1] - Steelmaking-coal production continued to rise [1]
Board Update
Globenewswire· 2025-10-29 07:00
Core Viewpoint - Kenmare Resources plc has announced the appointment of Ekaterina (Katia) Ray as an independent Non-Executive Director, alongside other changes to its Board of Directors, aimed at strengthening the company's governance and strategic direction [2][3]. Group 1: Board Changes - Katia Ray has been appointed as an independent Non-Executive Director and member of the Remuneration Committee, effective immediately [2]. - Graham Martin will retire from the Board after nine years of service, effective January 31, 2026 [8]. - Elaine Dorward-King will take on the role of Senior Independent Director, while Katia Ray will chair the Remuneration Committee and Deirdre Somers will chair the Nomination Committee [8]. Group 2: Background of Katia Ray - Katia Ray has over 25 years of senior-level experience in the mining sector, including roles at FTSE 100 companies across Europe, Africa, North America, and Asia [5]. - She has held various senior positions in sales, marketing, business development, and change management during her 15 years at Rio Tinto [5]. - Katia founded her consultancy, KPNB Limited, in 2009, providing strategic advice to multinational corporations and private equity firms [6]. Group 3: Company Overview - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique [2]. - The Moma mine accounts for approximately 6% of global titanium feedstocks, supplying customers in over 15 countries [9].
LSEG跟“宗” | 美国这周降息 商品牛市取决于特朗普能否明年拿下美联储
Refinitiv路孚特· 2025-10-29 06:02
Core Viewpoint - The article discusses the current sentiment in the precious metals market, particularly gold and silver, in light of recent CFTC data and macroeconomic factors, suggesting potential investment opportunities and risks based on market trends and geopolitical developments [2][23]. Group 1: Market Sentiment and Price Trends - The CFTC data is updated only until September 23 due to the U.S. government shutdown, showing a 3.2% drop in gold prices, ending a nine-week upward trend [2][23]. - Gold and silver prices are showing signs of weakness, with gold potentially forming a double top pattern [2][23]. - Gold mining stocks, including ETFs like GDX and GDXJ, have doubled in value compared to the end of last year, indicating strong performance in the sector [2][23]. Group 2: Future Price Predictions - If Trump can influence the Federal Reserve next year, gold prices may continue to rise, with the potential for significant price movements depending on U.S.-China trade discussions [2][23][24]. - A successful trade outcome could lead to further declines in gold and silver prices, possibly dropping below $4,000 [2][24]. - The article emphasizes that any market corrections in a bull market should be viewed as buying opportunities [2][24]. Group 3: CFTC Data Insights - As of September 23, net long positions in COMEX gold decreased by 1.1%, while silver saw an increase of 5.1% [2][5]. - The net long position in platinum increased by 24.8%, indicating a shift in market sentiment towards this metal [2][5]. - The article notes that the copper market has seen a shift from negative to positive net positions, reflecting changing investor sentiment [2][11]. Group 4: Economic Indicators and Predictions - The market anticipates a 96.7% chance of a 0.25% rate cut by the Federal Reserve on October 29, with expectations for further cuts in December and January [21][23]. - The article suggests that if inflation pressures rise alongside rate cuts, it could complicate the Federal Reserve's monetary policy decisions [29]. - The overall economic outlook for next year is expected to be weaker, with potential stagflation impacting commodity demand [27][29]. Group 5: Investment Strategies - The article highlights the importance of monitoring gold mining stocks as a leading indicator for gold prices, suggesting that a divergence between gold prices and mining stocks could signal caution [16][24]. - The gold-silver ratio is used as a measure of market sentiment, with the ratio currently at 84.612, indicating a slight increase in market fear [20][24]. - The article concludes that the current environment presents both risks and opportunities for investors in precious metals, particularly in light of geopolitical and economic developments [2][23][24].