Core Viewpoint - Erdene Resource Development Corp. is making significant progress in the construction and development of the Bayan Khundii Gold Project, with expectations for first gold production in late Q3 2025 and commercial production by the end of 2025 [2][5]. Construction and Production Update - The construction of the Bayan Khundii Gold Mine complex is substantially completed as of June 30, 2025 [5]. - Final permits have been received, and commissioning is progressing well, with first gold pour anticipated in late Q3 2025 [2]. - Mining operations and processing plant infrastructure received construction approvals on June 12, 2025 [5]. Drilling and Exploration Results - Ore-control drilling at the Bayan Khundii project has returned excellent results, expanding mineralized zones and intersecting high-grade mineralization [2]. - A total of 201 reverse circulation holes were completed, with 76% of holes intersecting gold values exceeding 0.3 g/t [7][9]. - Notable high-grade results include 6 meters of 481.9 g/t Au and 5 meters of 73.5 g/t Au [7][9]. Financial Performance - The company recorded a net loss of CAD 4,122,330 for the three months ended June 30, 2025, compared to a net loss of CAD 1,868,814 for the same period in 2024 [7]. - Exploration and evaluation expenses totaled CAD 514,224, a decrease from CAD 596,590 in the prior year [7]. - Corporate and administrative expenses were CAD 658,353, slightly down from CAD 667,030 in the previous year [7]. Community and Development Initiatives - Approximately 35% of site personnel are residents of Bayankhongor province, supporting local employment [7]. - The company continues to engage in community development and support for small and medium enterprises in the local area [7]. Future Plans and Strategic Moves - The company is advancing projects outside its strategic alliance with Mongolian Mining Corporation, including an updated independent mineral resource report for the Zuun Mod Molybdenum-Copper project [2][7]. - An option agreement was executed to acquire up to 80% interest in the Tereg Uul Copper-Gold prospect, located near the Oyu Tolgoi deposit [2][7].

Core Insights - The company has begun recognizing revenue from its royalty interest in the Borborema Gold Project, marking the start of a new recurring revenue stream, which is expected to enhance cash flow and support growth initiatives [1] - The company ended the quarter with a strong cash position, no debt at the parent level, and a new royalty revenue stream, positioning itself for future growth and shareholder value enhancement [1] Financial Performance - Reported net income from all portfolio investments for Q2 2025 was $17.4 million, a decrease from $45.3 million in Q2 2024, with Saturn Metals Limited being a key contributor at $9.3 million [2] - For the first half of 2025, net income from portfolio investments totaled $45.6 million, down from $57.8 million in the same period of 2024 [2] - The mining investments segment reported net earnings before taxes of $27.1 million in Q2 2025, compared to $46.1 million in Q2 2024 [3] - The corporate and others segment reported a pre-tax loss of $6.8 million in Q2 2025, contrasting with earnings of $8.4 million in Q2 2024 [5] Investment Activities - The company participated in a $20 million private placement by Maritime Resources Corp., investing $8.8 million to acquire 117.3 million units [2] - The company also participated in a AUD$23 million private placement by Saturn Metals, purchasing 28.1 million ordinary shares for AUD$6 million [2] - Subsequent to Q2 2025, the company subscribed for AUD$2 million to acquire 3.5 million shares in Ausgold Limited as part of a AUD$35 million private placement [2] Shareholder Equity - As of June 30, 2025, the carrying value of mining investments was $121.7 million, up from $95.5 million in 2024 [8] - The total number of shares issued and outstanding was 89,953,187, with a shareholders' equity on a per-share basis of $3.67, compared to $3.17 in 2024 [10]

Core Viewpoint - MP Materials Corp. is actively progressing through its business stages, focusing on increasing production capacity and optimizing operations to achieve significant growth in the rare earth materials sector [2][5]. Group 1: Business Stages - The company is currently in Stage I, aiming to reach a production capacity of 40,000 tons per year, which has already been achieved [2]. - Future plans include advancing to Stage II with a target of 60,000 tons, indicating a clear growth trajectory [2][4]. Group 2: Production Achievements - The latest production figures show that the company is currently producing just over 50,000 tons, with a notable quarterly output exceeding 13,000 tons [5]. - The team has focused on lower capital intensity and optimization strategies, contributing to significant progress in production capabilities [5].

Industry Overview - Rare earth elements, comprising 17 elements with unique magnetic properties, are vital for modern technology [1] - Rare earth magnets are essential for electric vehicles, wind turbines, defense equipment, data centers, and high-tech consumer electronics [2] - The US, once a leader in rare earth production, has become largely dependent on China for its supply [2] Geopolitical Implications - Escalating trade tensions between the US and China, particularly after China's export controls on rare earths, have spurred the US to develop a domestic supply chain [3] - The US views the competition with China in rare earths as an "existential competition" [3] US Strategy - The US is seeking to wean itself off of Chinese rare earths by exploring domestic mining and processing options [3][4]

Geopolitical & Strategic Importance - Greenland's strategic location between Canada and Iceland, and its potential for mineral resources, are attracting attention [1][3] - China's dominance in rare earth mineral production raises national security concerns, intensifying interest in alternative sources like Greenland [2] - The Trump administration sees Greenland as having potential for fisheries, mineral resources, and hydroelectric power [3] Mineral Resources & Economic Potential - Tan Breeze in Greenland is considered a significant deposit of rare earth elements, including tantalum, niobium, and zirconium [1][2] - These rare earth elements are crucial for manufacturing automobiles, airplanes, defense technology, and wind turbines [2] - Developing Greenland's resources could create a robust commercial industry while addressing national security issues [4]

Core Insights - Barrick Mining Corporation reported profits of $811 million or 47 cents per share for Q2 2025, a significant increase from $370 million or 21 cents per share in the same quarter last year [1][8] - Total sales reached $3,681 million, reflecting a year-over-year increase of 16.4% [1][8] Operational Highlights - Total gold production was 797,000 ounces, down approximately 15.9% year over year [2] - The average realized price of gold was $3,295 per ounce, up around 40.6% year over year [2] - Cost of sales increased by approximately 14.8% year over year to $1,654 per ounce [2] - All-in-sustaining costs (AISC) rose 12.4% to $1,684 per ounce [2] Financial Position - At the end of the quarter, Barrick had cash and cash equivalents of $4,802 million, up 19% year over year [3] - Total debt remained flat year over year at $4,729 million [3] - Operating cash flow for the quarter was $1,329 million, while free cash flow was $395 million [3] Guidance - For 2025, Barrick anticipates attributable gold production in the range of 3.15-3.5 million ounces [4][8] - AISC is projected to be between $1,460 and $1,560 per ounce, with cash costs per ounce forecasted at $1,050-$1,130 [4] - Copper production is expected to be between 200,000 and 230,000 tons, with AISC of $2.80-$3.10 per pound [4] Capital Expenditures - Total attributable capital expenditures are projected to be in the range of $3,100-$3,600 million for 2025 [5] Zacks Rank & Other Key Picks - Barrick currently holds a Zacks Rank 1 (Strong Buy) [6] - Other top-ranked stocks in the basic materials sector include Avino Silver & Gold Mines Ltd., Gold Fields Limited, and Vizsla Silver Corp. [6]

Core Viewpoint - Rio Silver Inc. has amended the terms of its acquisition of the Maria Norte Project from Peruvian Metals Corp, eliminating the net smelter royalty and adjusting payment securities [1][2]. Group 1: Transaction Details - The amended terms include the elimination of the net smelter royalty to Peruvian Metals Corp [2]. - Rio Silver will issue 3,000,000 shares and 1,000,000 share purchase warrants to Peruvian, with warrants exercisable at $0.15 per share for two years post-approval [2]. - Rio Silver will make a payment of $22,500 to Peruvian, while maintaining semiannual "Option Payments" of $25,000 totaling $250,000 [2]. Group 2: Company Overview - Rio Silver is focused on acquiring precious metal assets that can generate near-term cash flow to support its exploration and development plans [3]. - The company expresses optimism regarding Peru's supportive mining policies and ongoing investment in the region [3].

Core Insights - Scandium Canada is making progress on the Crater Lake project and its aluminum-scandium alloys, focusing on metallurgical optimization and pre-feasibility studies [1][2][3][4][10] Group 1: Crater Lake Project Developments - In June 2025, the company conducted a brief campaign at the Crater Lake site to assess the thickness of the overburden in various areas of interest, with no further fieldwork planned for 2025 [1] - The company is evaluating two potential locations for the hydrometallurgical plant necessary for scandium oxide and rare earth production, one near Emeril Junction in Labrador and the other near Schefferville in Quebec, with a final decision expected by the end of 2025 [2] - Recent metallurgical optimization work at SGS involved a 500 kg sample, resulting in a 12% reduction in the concentrate tonnage to be transported and a 4% increase in scandium oxide production [3] Group 2: Alternative Methods and Funding - Scandium Canada has engaged CORE to test alternative concentration methods for Crater Lake ore using a 700 kg sample, with results anticipated by the end of 2025 [4] - The company is actively seeking non-dilutive financing solutions, including partnerships, and has submitted two significant grant applications that could support key pre-feasibility and feasibility steps for the Crater Lake project [4] Group 3: Strategic Partnerships and Innovations - Scandium Canada has completed an equity financing with the Naskapi Nation of Kawawachikamach, which now holds a 5% stake in the company, reflecting a collaborative relationship [5] - The company’s Scandium+ division has developed two aluminum-scandium alloys (A535 and AA7075) in collaboration with McMaster University, specifically designed for additive manufacturing [7][10] - A patent application has been filed for aluminum alloy powders for 3D printing, indicating the potential for new applications in industries focused on performance and structural integrity [8] Group 4: Market Position and Future Outlook - Scandium Canada aims to become a leader in the scandium market by leveraging its mining project and alloy development to meet the growing demand for lighter, eco-friendly, and high-performance materials [11][10]

Lithium producers’ shares fell — following sharp gains on Monday that were driven by the closure of a major mine closure — as the market weighed the outlook for Chinese output of the battery metal https://t.co/DpSZW4JFG5 ...

Group 1 - AdvisorShares Focused Equity ETF (CWS) has been under observation since 2023, with a consistent Hold rating advocated in multiple articles [1] - The research emphasizes the importance of analyzing Free Cash Flow and Return on Capital in addition to profit and sales to gain deeper insights into investment opportunities [1] - The analyst focuses on the energy sector, including oil & gas supermajors and exploration & production companies, while also covering various other industries such as mining and chemicals [1] Group 2 - The analyst believes in identifying underappreciated equities with strong upside potential, while also recognizing that some growth stocks may warrant their premium valuations [1]