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Copper Quest Closes $1,927,000 Private Placement
Globenewswire· 2025-12-06 00:13
Core Viewpoint - Copper Quest Exploration Inc. has successfully completed a non-brokered private placement, issuing 10,142,104 flow-through shares at a price of $0.19 per share, raising gross proceeds of $1,927,000 for exploration activities in British Columbia [1][2][3] Group 1: Private Placement Details - The private placement consists of flow-through shares, which will be utilized for Canadian exploration expenses and critical mineral mining expenditures [2] - The company paid cash finder's fees totaling $130,199.98 and issued 685,261 finder's warrants, allowing the holder to acquire one non-flow-through common share at an exercise price of C$0.19, expiring on December 5, 2027 [3] - The company may issue an additional 255,264 flow-through shares under the same terms by December 15, 2025, subject to a statutory hold period [5] Group 2: Company Strategy and Projects - The CEO of Copper Quest emphasized the company's focus on advancing its seven quality projects, including recent acquisitions, to enhance shareholder value through ground work and drilling in 2026 [3] - Copper Quest holds a 100% interest in several projects, including the Stars Property and the Nekash Copper-Gold Project, which are strategically located in key mining jurisdictions [10][11][12] - The company is committed to sustainable and responsible business practices, aiming to build shareholder value through project acquisition and development [14] Group 3: Industry Context - The copper market is facing persistent deficits due to rising global demand and challenges in new supply, highlighting the strategic importance of copper in the energy transition and modern infrastructure [9] - Recent U.S. policy changes, including import tariffs, underscore the need for resilient and localized resource exploration and development in the copper sector [9]
Ero Copper Corp. (TSE: ERO) Market Update
Financial Modeling Prep· 2025-12-05 22:02
Core Insights - Ero Copper Corp. is a mining company focused on copper production in Brazil, known for its efficient operations and competitive positioning in the market [1] - The company has received mixed ratings from analysts, with some upgrades and downgrades affecting its stock performance [4] Stock Performance - Ero Copper recently reached a new 52-week high, with shares trading as high as C$34.50 and closing at C$34.36, a significant increase from the previous close of C$33.97 [3] - The stock is currently trading on the NYSE at $25.31, reflecting a 0.72% increase, with a trading volume of 515,930 shares [5][6] - Over the past year, Ero Copper has fluctuated between a high of $26.77 and a low of $9.30 [5] Analyst Ratings and Price Targets - CIBC adjusted its rating for Ero Copper to Neutral and raised the price target from C$37 to C$42, indicating a positive outlook for the company's future performance [2][6] - Scotiabank upgraded Ero Copper from a "hold" to an "outperform" rating, raising their price target from C$33.00 to C$36.00 [3] - National Bankshares increased their price objective from C$27.00 to C$35.00, while Desjardins lowered their target price from C$25.00 to C$23.00 [4]
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Freeport-McMoRan Inc.(FCX) Shareholders
Prnewswire· 2025-12-05 20:30
Core Viewpoint - A class action securities lawsuit has been filed against Freeport-McMoRan Inc. alleging securities fraud affecting investors between February 15, 2022, and September 24, 2025 [1][2] Group 1: Allegations - The lawsuit claims that Freeport-McMoRan did not ensure adequate safety at the Grasberg Block Cave mine in Indonesia [2] - It is alleged that the lack of proper safety measures posed a heightened risk that could foreseeably lead to worker fatalities [2] - The complaint states that these safety issues resulted in undisclosed regulatory, litigation, and reputational risks, making previous statements about the company's business and operations materially false and misleading [2] Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until January 12, 2026, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]
X @Bloomberg
Bloomberg· 2025-12-05 16:08
Peru’s Congress approved a one-year extension for a controversial permit used by informal gold and copper miners to operate with looser requirements than the formal industry https://t.co/r0ZkjZgdZ6 ...
Adani, Hindalco explore Peru copper mining assets
Yahoo Finance· 2025-12-05 15:15
India-Peru copper investment is gathering momentum with conglomerate Adani and miner Hindalco Industries exploring opportunities in Peru's copper sector by acquiring stakes in existing mines or via joint ventures (JV), reported Reuters. The move comes as India, the world's second-largest importer of refined copper, seeks to secure its copper supply chains amid rising demand and potential supply constraints. Peru, the world's third-largest copper producer, is actively seeking new investment while negotiat ...
Koryx Copper Provides Update on Zambia Projects with Definition of Drill Targets at Luanshya West and Completion of Regional Surface Geochemistry at Mpongwe
Globenewswire· 2025-12-05 12:00
Highlights: Multiple targets identified and confirmed for drill testing at Luanshya West.Successful drone magnetic survey, in-fill and extension of soil sampling, and pitting programs completed at Luanshya West.First pass regional surface geochemical sampling completed over Mpongwe License. Drill program planned for early 2026 to test targets at Luanshya West. VANCOUVER, British Columbia, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Koryx Copper Inc. (“Koryx” or the “Company”) (TSX-V: KRY) is pleased to provide updat ...
Aftermath Silver Berenguela Silver-Copper-Manganese Project: Contained Silver in Measured and Indicated Resources Increases by 21% to 122.5 Moz, with 22.0 Moz of Silver in Inferred Resources
Newsfile· 2025-12-04 17:53
Core Insights - Aftermath Silver Ltd. announced a new Mineral Resource Estimate (MRE) for the Berenguela silver-copper-manganese project, showing a 21% increase in contained silver in Measured and Indicated resources to 122.5 million ounces (Moz) [2][7] - The MRE was completed by BBA International and is based on extensive drilling data, enhancing the understanding of the deposit [2][3] Resource Estimates - The combined Measured and Indicated (M&I) resources increased by 11.37 million tonnes or 28.3% to 51.55 million tonnes [4] - The conversion of Inferred resources to M&I resulted in a decrease of 7.96 million tonnes in the Inferred resources inventory [5] - The MRE is based on data from 439 drill holes, including 82 diamond drill holes drilled by Aftermath in 2024/25 [5] Metal Content - The contained metal in M&I resources increased as follows: - Silver: increased by 21.3 Moz (21%) to 122.5 Moz with 22.0 Moz in Inferred resources [7] - Manganese: increased to 2.93 million tonnes (Mt) M&I with 0.47 Mt Inferred resources [7] - Copper: increased to 717.1 million pounds (Mlb) M&I with 118.4 Mlb Inferred resources [7] - Zinc: increased to 372.4 Mlb M&I with 80 Mlb Inferred resources [7] Geological Insights - Mineralization at Berenguela is primarily hosted in mid-Cretaceous age limestones and is interpreted as a carbonate replacement deposit [25] - The mineralization extends approximately 1,500 meters in length and 200 to 400 meters in width, with drilling identifying mineralization up to 80 meters below the surface [26] Future Plans - The company plans to expedite development and engineering work at Berenguela and conduct additional drilling towards the eastern margins of the mineralization [6][8]
Harmony selects Metso for Eva Copper Mine equipment delivery in Queensland
Yahoo Finance· 2025-12-04 14:45
Core Insights - Harmony Mining has selected Metso to supply equipment for the Eva Copper Mine project in Queensland, Australia, with an order valued at approximately €55 million [1] - The Eva Copper Project is expected to become Queensland's largest new mine and the fourth-largest copper mine in Australia, following a positive final investment decision [2][3] Project Details - The mine is forecasted to produce around 60,000 tonnes of copper and 14,000 ounces of gold annually over an estimated 15-year mine life [3] - The project will utilize a mechanized, open-pit mining approach and a conventional copper concentrator process to reduce operational risk [3] Equipment Specifications - Metso's equipment delivery includes a gearless Premier SAG mill with 24MW of installed power, a Premier twin pinion ball mill with 18MW of power, and associated mill linings and spares [4] - For pebble crushing, Harmony has selected two MP800 cone crushers, recognized for their performance and reliability [4] - The flotation circuit will feature 15 Metso TankCell flotation cells and a Vertimill VTM3000 [4] Additional Technologies - A Metso Courier 6X SL slurry analyser will provide real-time assaying of copper and other elements in the slurry [5] - The project will also utilize a Metso PSI 500i Particle Size Analyser and Metso MillSense for quick online analysis of grinding operations [5] - For concentrate and tailings management, Harmony has chosen 20m concentrate and 65m tailings thickeners, equipped with Metso's Reactorwell to enhance water recovery [5][6] Partnership and Collaboration - Metso Minerals Asia-Pacific vice-president expressed pride in being chosen by Harmony and highlighted the collaborative efforts in optimizing equipment selection [7]
Contact The Gross Law Firm by January 12, 2026 Deadline to Join Class Action Against Freeport-McMoRan Inc.(FCX)
Prnewswire· 2025-12-04 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][2]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine, which heightened the risk of worker fatalities [1]. - It is claimed that the lack of proper safety precautions led to undisclosed regulatory, litigation, and reputational risks for the company [1]. - The statements made by the defendants regarding Freeport-McMoRan's business operations and prospects were materially false and misleading, lacking a reasonable basis during the class period [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 15, 2022, to September 24, 2025 [1]. - Shareholders who purchased shares during this period are encouraged to register for the class action, with a deadline to seek lead plaintiff status set for January 12, 2026 [2]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle, with no cost or obligation to participate [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].
Los Andes Copper Announces Social and Community Update
Newsfile· 2025-12-04 12:30
Core Insights - Los Andes Copper Ltd. has made significant progress in community engagement and social development programs in 2025, strengthening partnerships with local communities [1][3][5] Community Engagement - The CEO of Los Andes highlighted the successful completion of community outreach programs, emphasizing their importance in advancing the Vizcachitas project [3][5] - The company is committed to creating shared values and fostering sustainable development in Putaendo County, San Felipe Province, and the Valparaíso Region through collaboration with stakeholders [5] Economic Impact - The Vizcachitas project is projected to increase the regional GDP by over 3% according to a social impact assessment conducted by a professor at Universidad Católica de Chile [6] Female Entrepreneurs Program - The third iteration of the Female Entrepreneurs program received 350 applications, marking a 10% increase year-on-year, with 45 participants selected from Putaendo County [7] Educational Partnerships - Los Andes renewed and expanded partnerships with national organizations to develop mining-related skills at local high schools and universities, enhancing access to quality education and training for youth [8] Community Agreements - In 2024, the company signed agreements with two local communities to advance outdoor recreation projects and environmental offset studies for the Vizcachitas project, demonstrating potential for collaborative environmental stewardship [9] Landmark Seminar - The company organized a seminar titled "Agriculture and Mining: Collaboration and Synergies of Two Engines of Regional Development," facilitating discussions on the compatibility of mining and farming in the Valparaíso Region [10][11]