Core Insights - Magna Mining Inc. reported Q3 2025 production results from the McCreedy West Mine, indicating a transition to a sustainable mining operator with a focus on efficiency and profitability [1][3]. Production Results - The company mined and shipped 75,173 tons of ore at an average grade of 1.52% copper, 0.21% nickel, 0.42 g/t platinum, 0.53 g/t palladium, 0.22 g/t gold, and 10.78 g/t silver during Q3 2025 [2][5]. - This production represents a 7.3% increase over Q2 2025, despite facing operational challenges that resulted in a loss of 11 shifts [2][5]. - Underground development totaled 1,796 feet, marking a 24% increase over Q2 2025 and nearly three times the development completed in Q1 2025 [2][5]. Operational Challenges - The mine experienced unexpected events, including a failure in the underground compressed air system and power-related delays, which impacted production and development [2][5]. - These challenges delayed access to higher-grade stopes, which are now expected to be mined in Q4 2025 [2]. Future Outlook - The company aims to continue prioritizing underground development to enhance production flexibility and support a robust operating plan for 2026 [2][3]. - With the mobilization of a third diamond drill, diamond drilling footage is expected to increase significantly in Q4 2025 to support both short-term and long-term planning [2][5]. Company Profile - Magna Mining Inc. operates in the Sudbury mining district of Ontario, Canada, focusing on copper, nickel, and platinum group metals [8]. - The McCreedy West Mine is the company's primary asset, with additional properties including Levack, Crean Hill, Podolsky, and Shakespeare [8][9].

Core Insights - Select Water Solutions and Mariana Minerals have announced the groundbreaking of a lithium extraction facility in Joaquin, Texas, which will convert produced water into lithium salts, supporting domestic energy and critical minerals supply chains [1][2][3] Company Overview - Select Water Solutions is a leading provider of sustainable water and chemical solutions to the energy industry, emphasizing safe and environmentally responsible water management [5] - Mariana Minerals focuses on supplying critical minerals for modern energy and technology, utilizing advanced AI and machine learning to enhance mineral project development [6] Project Details - The lithium facility is designed to produce up to 3,000 metric tons per year of high-purity lithium salts by utilizing oil and gas waste streams [2] - The facility will leverage Select's existing water treatment infrastructure, which has been operational for over a decade, allowing for efficient sourcing and management of produced water [2][3] - Site preparation began in July 2025, with construction expected to continue through December 2026, and commercial production targeted for the first half of 2027 [3] Financial Implications - The project is anticipated to generate up to $5 million in annual cash flow for Select Water Solutions, enhancing the value of its existing infrastructure [3] - The collaboration aims to maximize returns from Select's infrastructure by adding high-margin revenue streams [4]

Core Insights - NioCorp and IBC Advanced Alloys have successfully produced a 0.2% aluminum-scandium alloy, confirming readiness for custom part fabrication and advancing scandium applications [1][2][3] Company Updates - The successful casting of the aluminum-scandium alloy is a significant step towards potential downstream alloy manufacturing and custom-part readiness for both NioCorp and IBC [2][4] - NioCorp aims to develop a reliable domestic scandium supply chain for defense and commercial markets, with the ability to produce functional parts from the alloy [3][5] - IBC has extensive experience in producing custom components from various alloys, which supports the new commercial applications for scandium-containing materials [4][9] Industry Context - Global consumption of scandium oxide is estimated at 30 to 40 tonnes per year, primarily sourced as a by-product from other mining operations, with no commercial-scale production in the U.S. [4] - The limited global use of scandium is attributed to a lack of reliable supply, with most supply coming from China, which has restricted exports for dual-use applications [4] - There is growing interest in scandium from sectors such as aerospace, automotive, and defense, which seek lighter and stronger components [4][8] Future Plans - NioCorp plans to produce approximately 100 tonnes per year of scandium oxide at its Elk Creek Critical Minerals Project, alongside niobium and titanium products [5][8] - The company is also evaluating the potential to produce several rare earths from the Elk Creek Project, addressing U.S. reliance on foreign producers [5][8]

Core Insights - The article discusses the current trends and challenges in the mining and refining sectors, particularly focusing on market shortages and their implications for the industry [1][2]. Group 1: Mining - The mining sector is experiencing significant market fluctuations, with shortages impacting production levels and pricing strategies [1]. - Companies in the mining industry are adapting to these shortages by exploring new technologies and methods to enhance efficiency and output [2]. Group 2: Markets - Market dynamics are shifting due to increased demand for certain minerals, leading to heightened competition among mining companies [1]. - The article highlights the importance of strategic planning in navigating these market changes to maintain profitability [2]. Group 3: Refining - The refining industry is facing challenges related to supply chain disruptions, which are exacerbating the shortages in raw materials [1]. - Companies are urged to invest in refining capabilities to mitigate the impact of these shortages and ensure a steady supply of finished products [2].

Market Overview - Pre-market futures are showing a downward bias, with the Dow down -9 points, S&P 500 up +3, Nasdaq down -38, and Russell 2000 down -9 points [1] - The Dow recently reached a record closing high, but Q3 earnings reports have not been as positive as expected [1] Federal Reserve Insights - Fed Governor Michael Barr is scheduled to make appearances ahead of the upcoming monetary policy decision, with nearly 100% of analysts anticipating a 25 basis-point rate cut [2] Q3 Earnings Reports - **AT&T (T)**: Reported Q3 earnings of 54 cents per share, missing estimates by a penny, with revenues of $30.71 billion, down -0.81% from estimates; shares down -1.6% [3] - **Thermo Fisher (TMO)**: Reported earnings of $5.79 per share, beating estimates of $5.50, with revenues of $11.12 billion, exceeding expectations by +2%; shares up +2% [4] - **GE Vernova (GEV)**: Reported earnings of $1.64 per share, missing estimates of $1.78 by -7.87%, but revenues of $9.97 billion were +8.62% higher than anticipated; shares up +3.8% [5] - **Teck Resources (TECK)**: Reported earnings of 55 cents per share, surpassing estimates of 39 cents by +41%, with revenues of $2.46 billion, exceeding consensus by +14.3% [6] Upcoming Earnings Expectations - **Tesla (TSLA)**: Expected to report negative earnings per share down -26.4% year over year, but +5% on revenues; shares are flat ahead of the report [7] - **IBM (IBM)**: Anticipated to report earnings +6% higher and revenues +7.57% higher, with shares up +28% year to date [8] - **Southwest Airlines (LUV)**: Facing a tough year-over-year comparison with expected earnings growth down -93% and revenues up +1.44% [8]

Core Insights - Cleveland-Cliffs Inc. reported an adjusted loss of 45 cents per share for Q3 2025, which was better than the Zacks Consensus Estimate of a loss of 48 cents per share and narrower than the adjusted loss of 33 cents per share in the same quarter last year [1][7] - Revenues increased by 3.6% year over year to $4,734 million, but fell short of the Zacks Consensus Estimate of $4,886.6 million [1][7] Operational Highlights - Steelmaking revenues were approximately $4.6 billion for Q3, reflecting a year-over-year increase of around 3% [2] - The average net selling price per net ton of steel products was $1,032, down about 1.2% year over year, but exceeded the estimate of $996 [2] - External sales volumes for steel products reached roughly 4.03 million net tons, up about 5% year over year, although this was below the estimate of 4.3 million net tons [2] Financial Position - As of the end of Q3, the company had cash and cash equivalents of $66 million, an increase of approximately 8.2% from the previous quarter [3] - Long-term debt rose by 4% sequentially to $8,039 million [3] - Total liquidity stood at $3.1 billion as of September 30, 2025 [3] Outlook - The company revised its full-year 2025 guidance, lowering capital expenditures to approximately $525 million from the previous estimate of $600 million [4] - Selling, general and administrative (SG&A) expenses were also reduced to around $550 million from an earlier estimate of $575 million [4] - The company continues to target steel unit cost reductions of approximately $50 per net ton compared to 2024 [5] Price Performance - Shares of Cleveland-Cliffs have increased by 3% over the past year, while the industry has seen a rise of 13.9% [6]

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. XIZANG ZHIHUI MINING CO., LTD.* 西藏智匯礦業股份有限公司 (A joint stock company incorporated in the People's Republic of China with limited liability) (the "C ...

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of XIZANG ZHIHUI MINING CO., LTD.* 西藏智匯礦業股份有限公司 (A joint stock company incorporated in the People's Republic of China ...

Market Overview - Pre-market futures are showing a flat trend with a slight downward bias following a record closing high for the Dow on Tuesday [1] - The Dow is down 9 points, S&P 500 is up 3 points, Nasdaq is down 38 points, and Russell 2000 is down 9 points at this hour [1] Federal Reserve Insights - Fed Governor Michael Barr is scheduled to make appearances ahead of the upcoming monetary policy decision from the FOMC [2] - Analysts are nearly unanimous in expecting a 25 basis-point rate cut next Wednesday, which would lower the Fed funds rate to a range of 3.75-4.00% [2] Q3 Earnings Reports - **AT&T (T)**: Reported Q3 earnings of 54 cents per share, missing estimates by 1 cent, with revenues of $30.71 billion, down 0.81% from estimates. Shares are down 1.6% [3] - **Thermo Fisher (TMO)**: Reported earnings of $5.79 per share, beating estimates of $5.50, with revenues of $11.12 billion, exceeding expectations by 2%. Shares are up 2% [4] - **GE Vernova (GEV)**: Reported earnings of $1.64 per share, missing the consensus of $1.78 by 7.87%, but revenues of $9.97 billion were 8.62% higher than anticipated. Shares are up 3.8% [5] - **Teck Resources (TECK)**: Reported earnings of 55 cents per share, surpassing projections by 41%, with revenues of $2.46 billion, exceeding consensus by 14.3%. This company may gain relevance due to rare earth negotiations with China [6] Upcoming Earnings Expectations - **Tesla (TSLA)**: Expected to report negative earnings per share, down 26.4% year over year, but with a 5% increase in revenues. Shares are up 9.6% year to date [7] - **IBM**: Anticipated to report earnings 6% higher and revenues up 7.57% for the quarter, with shares having gained 28% since the start of the year [9] - **Southwest Airlines (LUV)**: Facing a tough year-over-year comparison with expected earnings growth down 93% but a slight revenue increase of 1.44% [9]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...