Mining
Search documents
Teck Resources reports profit for Q3 as merger with Anglo American advances
Proactiveinvestors NA· 2025-10-22 15:08
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, ...
Teck Resources Limited's Strong Financial Performance and Market Position
Financial Modeling Prep· 2025-10-22 15:00
Earnings per share of $0.54, surpassing estimates.Revenue of approximately $2.43 billion, exceeding expectations.High price-to-earnings (P/E) ratio of approximately 107.79, indicating strong investor confidence.Teck Resources Limited, trading on the NYSE under the symbol TECK, is a major player in the mining industry, focusing on the extraction and production of base metals like copper and zinc. The company competes with other mining giants such as Anglo American and Rio Tinto. On October 22, 2025, TECK rep ...
Buscar Company Announces Significant Progress in Audit Process and Advancement Toward Fully Reporting Status with the SEC
Prnewswire· 2025-10-22 14:12
Core Insights - Buscar Company is making significant progress towards becoming a fully reporting company with the SEC and uplisting to the OTCQX Market, following the successful filing of its fiscal year financial statements for the period ended June 30, 2025 [1][4] - The company is collaborating with Barton CPA PLLC to enhance transparency and ensure compliance with SEC requirements, demonstrating a commitment to rigorous governance [2][4] - The audit process has achieved key milestones, which are essential for the company's goal of improving investor trust and expanding market reach [4][5] Company Overview - Buscar Company (OTC: CGLD) is a diversified holding company focused on natural resources, sustainable technologies, and pharmaceuticals, operating through subsidiaries such as Eon Discovery Inc., Terramer Inc., and Armorgenix [5] - The company was formed via a reverse merger with Eon Discovery in 2020 and prioritizes innovation, diversification, and shareholder returns [5] Audit and Compliance Progress - Under the leadership of Chairman and CEO Alexander Dekhtyar, the accounting team is working diligently with Barton CPA PLLC to ensure compliance with SEC requirements [2] - The audit has progressed significantly, with a focus on reviewing financial records and achieving compliance milestones [2][4] Market Uplisting Goals - To qualify for the OTCQX Market, companies must meet high financial standards and maintain transparent reporting and robust corporate governance [4] - Buscar's recent audit advancements and retained SEC legal counsel are accelerating its journey towards fully reporting status and OTCQX uplisting [4]
Taseko Announces Closing of Bought Deal Financing for Gross Proceeds of US$170 Million
Globenewswire· 2025-10-22 12:31
Core Viewpoint - Taseko Mines Limited has successfully closed a bought deal offering, raising gross proceeds of US$170.1 million through the sale of 42 million common shares at a price of US$4.05 per share [1]. Group 1: Offering Details - A total of 42,000,000 common shares were sold, including 4,900,000 shares from the Underwriters' partial exercise of the over-allotment option [1]. - The offering was completed under an underwriting agreement with BMO Capital Markets and Canaccord Genuity Corp. as co-lead managers, along with National Bank Financial Inc. and TD Securities Inc. as joint bookrunners [1]. Group 2: Use of Proceeds - The proceeds from the offering are expected to be used to repay outstanding indebtedness under the Company's revolving credit facility and for general corporate and working capital purposes [2]. Group 3: Regulatory and Filing Information - The offering was completed via a prospectus supplement dated October 17, 2025, to the Company's existing Canadian short form base shelf prospectus and related U.S. registration statement [3]. - The Prospectus Supplement has been filed with securities commissions in Canada (except Quebec and Nunavut) and with the U.S. SEC [3].
Rain City Resources Inc. Named Main Sponsor of Chile's Third Lithium & Energy Summit 2025 Alongside SQM and Albermale
Newsfile· 2025-10-22 12:30
Core Points - Rain City Resources Inc. has been named the Main Sponsor of the Third Lithium & Energy Summit 2025 in Santiago, Chile, scheduled for October 23, 2025 [1][2] - The Summit will focus on the theme "Regeneration" and will gather global mining leaders, academic institutions, authorities, and Indigenous communities [2] - Rain's CEO, Benjamin Hill, emphasized that the sponsorship places the company at the center of Latin America's lithium innovation ecosystem [2] - Rain is advancing partnerships with universities and research centers in Chile and Argentina, with announcements expected soon [3][4] Company Overview - Rain City Resources Inc. is an integrated critical mineral technology and project development company focused on addressing environmental, social, and economic challenges in lithium extraction [4] - The company is committed to developing scalable, water-conscious direct lithium extraction (DLE) solutions to support the transition to a clean energy future [4] Event Details - Sebastián Quiñones, Rain's Director for Latin America, will present the Lithium Roadmap 2025-2030 and moderate a panel on investments in DLE and clean energy [2] - The panel will include representatives from leading mining companies, research institutions, and technology centers [2][3]
*ST正平:矿产资源开发未来需大规模投入建设和运营,但公司目前无充足资金
Xin Lang Cai Jing· 2025-10-22 11:55
Core Viewpoint - The company *ST Zhengping has experienced a significant stock price increase of 107.81% from September 1, 2025, to October 22, 2025, with 17 days of trading suspension and 5 instances of abnormal trading fluctuations [1] Group 1: Company Developments - The company's wholly-owned subsidiary, Golmud Shengguang Mining Development Co., Ltd., has obtained a mining license from the Qinghai Provincial Department of Natural Resources [1] - The company faces challenges in mining capacity, requiring substantial investment for future resource development and operations [1] Group 2: Financial Condition - As of June 30, 2025, the company's cash funds amounted to 101,723,487.39 yuan, with 81,664,227.39 yuan restricted due to various factors such as migrant workers' account deposits and litigation freezes [1] - The company's debt-to-asset ratio stands at 92.22%, indicating a high level of financial leverage [1] Group 3: Uncertainties and Risks - The future progress of mineral resource development and the potential for generating revenue are subject to significant uncertainties due to factors such as funding constraints, market conditions, industry policies, external environments, and personnel shortages [1]
Amarc and Freeport Successfully Complete 2025 Aurora Expansion Focused Drill Program at Joy Copper-Gold District
Accessnewswire· 2025-10-22 11:45
VANCOUVER, BC / ACCESS Newswire / October 22, 2025 / Amarc Resources Ltd. ("Amarc" or the "Company") (TSXV:AHR)(OTCQB:AXREF) is pleased to announce the successful completion of the 2025 drill program at the JOY District ("JOY" or "District") in the Toodoggone-Kemess region of north-central British Columbia ("BC"). ...
Nasdaq Futures Slip as Netflix and Texas Instruments Earnings Disappoint, Tesla Results in Focus
Yahoo Finance· 2025-10-22 10:14
Corporate Earnings - Tesla (TSLA) is the first of the Magnificent Seven companies to report earnings, with significant attention from investors [1][4] - S&P 500 companies are expected to see an average quarterly earnings increase of +7.2% for Q3 compared to the previous year, marking the smallest rise in two years [1] Market Performance - Wall Street's major indexes ended mixed, with General Motors (GM) gaining over +14% after better-than-expected Q3 results and raised full-year adjusted EPS guidance [3] - Warner Bros. Discovery (WBD) climbed more than +10% after announcing a review of strategic alternatives [3] - Halliburton (HAL) surged over +11% following stronger-than-expected Q3 results [3] - Netflix (NFLX) slumped over -6% in pre-market trading due to weaker-than-expected Q3 EPS [5][15] - Texas Instruments (TXN) plunged more than -8% in pre-market trading after posting weaker-than-expected Q3 EPS and underwhelming Q4 guidance [5][15] Economic Indicators - Investors are awaiting the EIA's weekly crude oil inventories report, with expectations of 2.2 million barrels compared to last week's 3.5 million barrels [6] - U.S. rate futures indicate a 96.7% chance of a 25 basis point rate cut at the next FOMC meeting [7] International Market Trends - The Euro Stoxx 50 Index is down -0.44% as investors react to mixed corporate earnings reports and uncertainty in U.S. negotiations with other nations [10] - Japan's Nikkei 225 Stock Index closed just below the flatline, with automobile stocks outperforming due to a weaker yen and hopes for lower gasoline taxes [13] - Japan's September exports rose +4.2% year-on-year, although this was weaker than expectations [14]
X @Bloomberg
Bloomberg· 2025-10-22 09:58
The company behind what is set to be the Philippines’ largest gold and copper mine is searching for a strategic partner, its CEO said, as it pushes back its production timeline https://t.co/TVVUHikBI7 ...
Lithium Americas Stock To $20?
Forbes· 2025-10-22 09:50
Core Viewpoint - Lithium Americas Corp. has experienced a significant stock surge of over 100% in the past month, driven by optimism surrounding U.S. lithium policy and government support for its Thacker Pass project [2][3][4] Government Support and Market Dynamics - The U.S. government is considering a minority equity investment in Lithium Americas as part of its initiative to secure critical minerals, which has positively influenced investor sentiment [3] - The Thacker Pass project is one of North America's largest lithium resources, and federal backing could reduce financing risks and enhance the U.S. position in the global battery supply chain [3][4] Financial Projections - Lithium Americas aims to produce approximately 40,000 tonnes of lithium carbonate equivalent (LCE) annually from Thacker Pass, potentially generating around $800 million in yearly revenue at current market rates of $20,000 per tonne [5][6] - If operating margins reach 25%, the company could see annual profits of about $200 million, leading to a potential valuation of close to $4 billion, or $14–$16 per share, representing a possible doubling from current levels [6][7] Strategic Importance - The narrative surrounding a U.S.-based lithium mine supported by federal financing aligns with strategic themes of energy independence and the future of electric vehicles, making it a focal point for investors [8][9] - The stock's momentum is fueled by a collective belief that Lithium Americas could become the first major American lithium producer at scale [9] Challenges and Risks - The Department of Energy loan has not yet been finalized, and any changes in political priorities could impact the project's progress [10] - The project requires substantial initial capital and careful environmental management, with potential delays that could affect market confidence [10][11] - Lithium prices are a critical variable; profitability could decline if prices fall significantly, and the company may need to secure additional capital, risking shareholder dilution [11][12] Conclusion - The market views Lithium Americas as a key player in America's clean-energy aspirations, with the potential for significant valuation increases if the Thacker Pass project operates as intended and government financing is secured [12][13] - While mathematically capable of doubling again, the path is fraught with challenges, making it a high-risk, high-reward opportunity [13]